Shows
Understanding EdgeUnlocking Value in High-Yield Markets: Live Insights with Arthur ChengExplore insights from portfolio manager Arthur Cheng, CFA, on high-yield markets and their role in the Core Plus strategy. He also discusses what risks investors should be watching for and where opportunities might arise in today’s dynamic environment.
DISCLOSURES
The performance data quoted represents past performance and is not indicative of future results.
The discussion of specific portfolio holding(s) performance is provided gross of fees and should be viewed in conjunction with the net of fee returns provided for the entire strategy.
Performance for the strategies are available here: Co...2025-05-1216 minUnderstanding EdgeDiving into the Fed’s Balancing ActThe Federal Reserve is navigating inflation, political pressures and shifting market expectations. Dive into how they are making data-driven decisions and what this means for fixed income investors.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US Corporate Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. Bloomberg US Corporate High Yield Bond Index measures the USD-denominated, high-yield, fixed-rate corporate bond market. Securities are classified as high yield if t...2025-02-2818 minUnderstanding EdgeThe Land Down Under: Diving into Australia’s Economy and Investment OpportunitiesMicah Martin, CFA, recaps his trip to Australia, diving into the country, its economy and the investible opportunity set.
As of 31 January 2025, Diamond Hill’s International Strategy owned shares of Whitehaven Coal Limited.
MSCI ACWI ex USA Index measures the performance of large- and mid-cap stocks in developed (excluding the US) and emerging markets. The index is unmanaged, market capitalization weighted, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: MSCI, Inc. See diamond-hill.com/disclosures for a full copy of t...2025-02-1315 minUnderstanding EdgeDiamond Hill's Song on Credit Outlook, LandscapeHenry Song, CFA, joined Bloomberg’s FICC Focus podcast to discuss his team’s approach to credit investing, the current market landscape, why a focus on securitized assets can be beneficial, and more. (60 min podcast)
Click here for Diamond Hill’s most recent fixed income fund holdings.
Acronyms referenced: Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), Collateralized Loan Obligations (CLO), Great Financial Crisis (GFC), Investment Grade (IG), RMBS (Residential Mortgage-backed Securities).
Investment Grade is a Bond Quality Rating of AAA, AA, A or BBB.
Bloomberg US Aggregate Bond Index measures the perform...2025-01-211h 01Understanding EdgeBond Market Dynamics and Home Equity Securitization TrendsFrom golden handcuffs to home equity innovations: Discover how today's unique housing market is reshaping fixed income opportunities. Join us for an insightful discussion on rate dynamics, securitization trends, and what's ahead for fixed income investors.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). The index is unmanaged, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: Bloomberg In...2024-11-2624 minUnderstanding EdgeExploring Health Care's Frontier: Biotech, GLP-1s and Global Pricing DynamicsFrom biotech's rebound to the next frontier for GLP-1 drugmakers, Chendhore Veerappan, PhD, CFA, our health care research analyst, delves into the trends and investment opportunities unfolding in this dynamic sector. Tune in to our latest podcast!
As of 30 April 2024, Diamond Hill owned shares of Abbott Laboratories and Roche Holdings AG.
SPDR® S&P® Biotech ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Biotechnology Select IndustryTM Index.
The views expressed are those of Diamond Hill as of May 2024 and are...2024-05-2130 minUnderstanding EdgeApril Fixed Income Insights: Understanding Market DynamicsIn this episode of Understanding Edge, we discuss the Fed's recent meeting and the latest outlook on inflation and rates. We also explore the recent performance of various sectors within the fixed income market.
Bonds rated AAA, AA, A and BBB are considered investment grade.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US Corporate Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. Bloomberg US Secu...2024-05-1518 minUnderstanding EdgeThe JRo Show: Interview With Win MurrayOur director of research, Win Murray, discusses identifying investment talent, how a research team should operate, what makes a great analyst and more. (78 min podcast)
Diamond Hill’s total assets were $30.3 billion as of 29 February 2024
For Important information on Diamond Hill Funds, click here.
The Diamond Hill Funds are distributed by Foreside Financial Services, LLC (Member FINRA).
The views expressed are those of Diamond Hill as of March 2024 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of...2024-04-011h 17Understanding EdgeIt Ain’t Over Until It’s Over: A Look at the Fixed Income Markets in 2024Senior Portfolio Specialist Douglas Gimple shares his insights on the fixed income markets. Tune in to hear about the latest from the Fed, market expectations, CMBS, and more.
Bonds rated AAA, AA, A and BBB are considered investment grade.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US Corporate Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. Bloomberg Non-Agency US CMBS Investment Grade Index measures...2024-03-2827 minUnderstanding EdgeThe Fed vs. the Market: Decoding Mixed SignalsSenior portfolio specialist Douglas Gimple discusses the market's ongoing desire to fight the Fed on rate cuts. Get insights into the latest from the FOMC, inflation and opportunities in fixed income in our podcast.
Bonds rated AAA, AA, A and BBB are considered investment grade.
ICE BofA AAA and BBB CMBS indexes measure the performance of US dollar denominated investment grade rated commercial mortgage-backed securities publicly issued in the US domestic market. These subsets include all securities with a given investment grade rating AAA and BBB, respectively. ICE BofA AAA and BBB Corporate indexes measure...2024-02-2619 minUnderstanding EdgeExamining the Fed, Inflation and Interest Rates: An Update for Fixed Income InvestorsIn our recent podcast, we unpack the latest from the Fed, inflation outlook, interest rate forecast, and more. Discover historical context on tightening cycles and fixed income returns over 3 years post-hikes. Plus, a deep dive into risks, opportunities and attractive areas of the bond market.
Bonds rated AAA, AA, A and BBB are considered investment grade.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US CMBS AAA Index measures th...2023-11-2221 minUnderstanding EdgeReading Between the Spreads: Corporate Debt Dynamics in Shifting MarketsIn our latest podcast, we discussed Fed policy, corporate bonds, and our #fixedincome market outlook with Douglas Gimple. Listen as we break down market dynamics, risks and areas of opportunity. (27 min podcast)
Bonds rated AAA, AA, A and BBB are considered investment grade.
Bloomberg US Corporate Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. ICE BofA CMBS Fixed Rate AAA 7-10 Year Index measures the performance of US dollar denominated AAA-rated commercial mortgage-backed securities with a remaining term to maturity of greater than or equal to 7 years and less th...2023-10-0326 minUnderstanding EdgeGlobal Investment Expeditions, Part 2: A Journey Through Scandinavia, Canada and IndiaOur international analysts recount learnings and insights from recent travels to Scandinavia, Canada, India and other destinations. Hear their first-hand experiences exploring local markets, researching investment prospects and meeting with management teams. (20 min)
As of 31 August 2023, Diamond Hill owned shares of Canadian Natural Resources Ltd.
The views expressed are those of Diamond Hill as of August 2023 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is...2023-09-2220 minUnderstanding EdgeGlobal Investment Expeditions – Part 1, Exploring Japanese Culture and the Stock MarketOur international analysts shared their insights from recent research trips around the world. In this two-part series, they explore Japan, Scandinavia, Canada and India. In Part 1, we focus on Japan.
As of 31 July 2023, Diamond Hill owned shares of Howden Joinery Group plc.
The views expressed are those of Diamond Hill as of August 2023 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee...2023-08-3027 minUnderstanding EdgeBond Market Spotlight: Commercial Mortgage-Backed SecuritiesCatch up on the latest updates in the CMBS market and May’s Fed meeting in this recent podcast with Senior Portfolio Specialist Douglas Gimple.
Bloomberg US Financial Institutions Index measures the performance of the financial institutions sector of the Bloomberg US Aggregate Bond Index. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US CMBS Investment Grade Index measures the market of US agency and US non-agency conduit and fusion CMBS. The indexes are u...2023-05-1730 minUnderstanding EdgeLeveling Up in the Video Game MarketVideo game demand benefited from the stay-at-home days of the pandemic. Demand has waned, but the industry has been resilient in weaker economic environments. Learn what’s driving growth in this underappreciated market.
As of 31 March 2023, Diamond Hill owned shares of Microsoft Corp and Take-Two Interactive Software Inc.
The views expressed are those of the speaker as of April 2023 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the poss...2023-05-0310 minUnderstanding EdgeLong-Short Investing: A Straightforward Approach in a Complex EnvironmentVolatility in the tech space, meme stocks and a rising rate environment — Long-Short PM Nate Palmer, CFA, discusses these topics and more in our latest podcast.
Carefully consider the Fund’s investment objectives, risks and expenses. This and other important information are contained in the Fund’s prospectus and summary prospectus, which are available at diamond-hill.com or calling 888.226.5595. Read carefully before investing. Diamond Hill Capital Management, Inc., a registered investment adviser, serves as Investment Adviser to the Diamond Hill Funds and is paid a fee for its services. Not FDIC insured | No bank guarantee | May lose value2023-04-1732 minUnderstanding EdgeBond Markets – With Great Volatility Comes Great OpportunityAfter a quick start to the year, fixed income markets slowed in February as a disconnect between markets and the Fed reintroduced volatility. Learn more in our recent podcast.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). This index is unmanaged, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures...2023-03-1614 minUnderstanding EdgeWill 2023 Be a Turning Point for Fixed Income Markets?It’s been a tumultuous two years for fixed income investors — given the market rebound since Q3 2022, are we starting to turn the corner in fixed income markets?
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). The index is unmanaged, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a fu...2023-02-1521 minUnderstanding EdgeThe State of Real EstateReal estate and housing markets have changed drastically in today's post-COVID, rising rate environment. Analyst Josh Barber, CFA, breaks down the health of different segments of these markets in our latest podcast.
As of 30 November 2022, Diamond Hill owned equity shares of Amazon.com Inc. As of 31 October 2022, Diamond Hill owned debt in American Tower Corp. and Amazon.com Inc.
The views expressed are those of Diamond Hill as of December 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or...2023-01-0933 minUnderstanding EdgeData Dependent – Understanding the Fed’s Strategy and What’s To ComeIn our final podcast of 2022, get a brief update on the latest Fed meeting, insights on the potential benefits of investing in securitized debt and our latest thoughts about what’s to come in 2023 and beyond.
Bloomberg US Corporate High Yield Index measures the performance of publicly issued non-investment grade USD fixed-rate, taxable and corporate bonds. The index is unmanaged, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a full copy of th...2022-12-2030 minUnderstanding EdgeLeave Meat Alone – The Trend Toward Plant-Based AlternativesHear from analyst Tim Myers, CFA, as he discusses how changing consumer tastes— particularly among younger consumers — are driving growth for plant-based food and beverage companies.
As of 31 October 2022, Diamond Hill owned shares of SunOpta, Inc.
The views expressed are those of the speaker as of November 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.
2022-12-0615 minUnderstanding EdgeFixed Income: Is There a Light at the End of the Tunnel?Hear from fixed income portfolio specialist Douglas Gimple as he shares a brief overview of the latest Fed meeting and what it means for investors.
Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Bloomberg US Corporate Bond Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. The indexes are unmanaged, include net reinvested dividends, do not reflect fees or expenses (which would lower the return) and are not available fo...2022-11-1723 minUnderstanding EdgeThe Innovations Propelling Construction & RailroadsConstruction, mining and railroads may sound a bit stodgy on the surface, but innovations in automation, energy efficiency and operational excellence are propelling these industries into the future. Learn more in our podcast with research analyst Brian Bath, CFA.
As of 30 September 2022, Diamond Hill owned shares of Caterpillar, Inc. and Wabtec Corp.
The views expressed are those of the speaker as of October 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the...2022-11-0120 minUnderstanding EdgeTech Space Tests Investors’ Resolve, Rewards PatienceAnalyst Scott Williams, CFA, discusses what’s happened in the tech space the last 18 months amid market turbulence and where we’re finding value as intrinsic value investors in a sector often dominated by growth businesses.
As of 31 August 2022, Diamond Hill owned shares of Channel Advisor Corp., First Advantage Corp. and Rimini Street, Inc.
The views expressed are those of the speaker as of September 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, incl...2022-10-0320 minUnderstanding EdgeBond Market InsightsThis year has been particularly challenging for fixed income investors. In this podcast, senior portfolio specialist Douglas Gimple shares his insights on the effect it’s had on fixed income markets.
S&P 500 Index measures the performance of 500 large companies in the US. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Index data source: Bloomberg Index Services Limited. The indexes are unmanaged, include net reinvested dividends, do not reflect fees or expenses (which would lowe...2022-09-2116 minUnderstanding EdgeRates and Recessions — Assessing Today’s LandscapeThe rate at which the Fed has accelerated is unprecedented. In this podcast, we discuss actions the Fed has taken in response to inflation, recent performance of fixed income markets and the definition of a recession.
Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a full copy of the disclaimer.
The views expressed are those of the speakers as of August 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, in...2022-08-2416 minUnderstanding EdgeRising to the Climate Change ChallengeHear from analyst Harsh Acharya, CFA, as he discusses water scarcity and the innovations he is seeing from a particular industrials company to combat this and other ecological challenges.
As of 30 June 2022, Diamond Hill owned shares of Energy Recovery.
The views expressed are those of the speakers as of July 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a gu...2022-08-0113 minUnderstanding EdgeLong-Short Investing: Enhancing Active Return & Mitigating Active RiskHear from portfolio manager Nate Palmer, CFA, as he shares his views on long-short investing and opportunities he’s finding in the market.
The portfolio uses short selling which incurs significant additional risk. Theoretically, stocks sold short have the risk of unlimited losses. Overall equity market risks may affect the portfolio’s value.
For standardized performance, expenses and important information, click here.
Past performance is not indicative of future results. Investment returns and principal values will fluctuate so that an investor’s shares, when redeemed, may be worth mor...2022-06-0621 minUnderstanding EdgeAssessing the Health of Health CareThe NASDAQ Biotechnology Index contains securities of NASDAQ-listed companies classified according to the industry classification benchmark as either biotechnology or pharmaceuticals which also meet other eligibility criteria.
The Bloomberg Large Cap Pharmaceuticals Index consists of large cap pharma stocks.
As of 31 May 2022, Diamond Hill owned shares of Abbott Laboratories, Becton, Dickinson and Co., Pfizer, Inc. and Stericycle, Inc.
The views expressed are those of the speakers as of May 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results...2022-05-2616 minUnderstanding Edge3-2-1 Liftoff – Rates Are Rising…What’s Next?How is the steady climb in interest rates across the curve impacting various parts of the financial markets? Hear from our experts as they discuss fixed income markets, bank stocks and the effect sanctions on Russia are having on various businesses.
Clarifications: The Chinese deathcare company mentioned has minimal exposure to Russia.
As of 28 February 2022, Diamond Hill owned shares of BOK Financial Corporation, Nestle SA and Safran SA.
The views expressed are those of the speakers as of March 2022 and are subject to change without notice. These opinions are not intended to be...2022-04-0129 minUnderstanding EdgeAgricultural Impact from Putin’s WarUkraine’s known as the breadbasket of Europe given its dominant presence in global agricultural commodities markets. So how does the war impact food prices, the spring planting season and the supply chain? Micah Martin, the Director of Research, discusses the effects on the wheat, fertilizer and poultry markets.
As of 28 February 2022, Diamond Hill owned shares of Archer-Daniels-Midland Co., Cal-Maine Foods, Inc. and Seaboard Corp.
The views expressed are those of the speaker as of March 2022 and are subject to change without notice. These opinions are not intended to be a forecast of fut...2022-03-2819 minUnderstanding EdgeInvesting Overseas—More Similarities Than Differences, Part 1In this two-part series, the international equity research team shares their thoughts about investing in international markets, currency hedging, emerging markets and rising interest rates. In part one, you get to meet our research team members, learn about their backgrounds, and hear their perspectives on currency hedging.
As of January 31, 2022, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financiere Richemont S.A. (Cl A), Tesco PLC, GlaxoSmithKline PLC, Novartis AG and Roche Holdings AG.
The views expressed are those of the speakers as of February 2022 and are subject to change without...2022-03-1122 minUnderstanding EdgeEnergy Update—The War’s Impact and BeyondHear from our energy analyst, Blake Haxton, JD, CFA, on the impact the war is having on the oil and gas industry and his insights on what to expect going forward.
As of 31 December 2021, Diamond Hill owned debt in Apple, Inc.
The views expressed are those of the speaker as of March 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk including the possible loss of principal. Past performance is not a guarantee of f...2022-03-1118 minUnderstanding EdgeThe 80/20 Principle, Kaizen & the Productivity RevolutionMany businesses take drastic measures to improve operational efficiency, but few achieve the desired outcome. Learn more about the 80/20 principle and the Kaizen philosophy and how some companies have achieved success by implementing these practices.
As of January 31, 2022, Diamond Hill owned shares of Colfax Corp., General Motors Co. and SPX Flow, Inc. As of November 30, 2021, Diamond Hill owned debt in Ford Motor Co.
The views expressed are those of the speaker as of January 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee...2022-02-2223 minUnderstanding EdgeNetwork Effect — One of Technology’s Most Powerful ForcesNetwork effects are one of the most valuable – but difficult to maintain – advantages in the tech space. Analyst Varun Gupta, CFA, explains the benefits of these effects and why it’s so challenging for companies to maintain their edge.
As of December 31, 2021, Diamond Hill owned shares of Alibaba Group Holding Ltd., Alphabet, Inc. (Cl A), Meta Platforms, Inc. (Cl A), Microsoft Corp. and Tencent Holdings Ltd. As of November 30, 2021, Diamond Hill owned debt in Apple, Inc.
The views expressed are those of the speaker as of January 2022 and are subject to change without notice. These opinio...2022-02-0416 minUnderstanding EdgeInternational Markets: Valuations Now and Future OpportunitiesOver the past two years, much has transpired in global markets and economies. As we consider what the market might have in store for 2022, portfolio manager Grady Burkett, CFA, shares his views on global valuations and forward-looking growth.
As of November 30, 2021, Diamond Hill owned share of Ashmore Group PLC, Compagnie Financiere Richemont S.A. (Cl A), Nestlé S.A., Nintendo Co. Ltd., Novartis AG, Roche Holdings AG, Rogers Communications, Inc. (Cl B), Safran S.A., Samsung Electronics Co. Ltd., Swatch Group AG, Tencent Holdings Ltd., Tesco PLC, Unilever PLC and Walt Disney Co.
The views e...2021-12-2015 minUnderstanding EdgeInflation, Supply Chains & a Pandemic - How are Retailers Navigating an Uncertain Environment?From consumer spending to inflationary pressures to supply chains, analyst Mitch Linhart, CFA, examines the state of retail today.
As of November 30, 2021, Diamond Hill owned shares of Hanesbrands, Inc., Home Depot, Inc. and TJX Cos., Inc.
The views expressed are those of the speaker as of December 2021 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.
2021-12-1724 minUnderstanding EdgeInvestment Roundtable - Inflation & Supply Chain DisruptionsFrom energy to consumer to technology to airlines, we examine the impacts that inflationary pressures and supply chain disruptions are having on companies around the world in our latest investment roundtable.
As of October 31, 2021, Diamond Hill owned shares of Alaska Air Group, Inc., Allegiant Travel Co., Assa Abloy AB (Cl B), Chevron Corp., Honeywell International, Inc., Parker-Hannifin Corp. and Tesco PLC.
As of August 31, 2021, Diamond Hill owned debt in Alaska Air Group, Inc., American Airlines Group, Inc. and United Airlines Holdings, Inc.
The views expressed are those of the speakers as of November 2021...2021-12-0133 minUnderstanding EdgeBeyond Returns - Building Alignment Through Capacity DisciplineHow does capacity management help align our interests with those of our clients? Hear from Diamond Hill leaders on the importance of capacity management and the nuances in determining a specific strategy's capacity range.
The views expressed are those of the speakers as of November 2021 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk including the possible loss of principal. Past performance is not a guarantee of future results.
2021-11-3022 minUnderstanding EdgeThe US Consumer—The Pandemic EffectSpending during the pandemic has shifted from services to goods for many U.S. consumers. International analyst Yiting Liu, CFA, shares how this trend has impacted luxury brands.
As of May 31, 2021, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE.
The views expressed are those of the research analyst as of June 2021, are subject to change, and may differ from the views of other research analysts, portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. In...2021-11-0803 minUnderstanding EdgeDEI—Harnessing the Power of Cognitive DiversityHeather Brilliant, CEO and President of Diamond Hill, joins us to discuss the progress of Diamond Hill's diversity, equity and inclusion initiatives, covering topics such as recruitment practices, vendor relationships, and the role diversity can play in moving our industry forward.
As of September 30, 2021, Diamond Hill was short shares of United Parcel Service, Inc. (Cl B).
As of July 31, 2021, Diamond Hill owned debt in FedEx Corp.
The views expressed are those of the speaker as of October 2021 and are subject to change without notice. These opinions are not intended to be a forecast...2021-11-0416 minUnderstanding EdgeInvestment Roundtable—Reexamining the Post-Pandemic ConsumerOur investment roundtable brings together various Diamond Hill investment professionals to discuss relevant and timely topics. Today, we’re joined by portfolio managers Grady Burkett, CFA, and Henry Song, CFA, as well as research analyst Tim Myers, CFA, to discuss how the pandemic has impacted the consumer and companies that rely on consumers.
As of August 31, 2021, Diamond Hill owned shares of Compagnie Financiere Richemont S.A. (Cl A), LVMH Moet Hennessy Louis Vuitton SE, Swatch Group AG, Diageo PLC, Anheuser-Busch InBev S.A./N.V., Compass Group PLC, Tesco PLC, Walt Disney Co., Samsung Electronics Co. Ltd., Ta...2021-10-2230 minUnderstanding EdgeThe Shift to Cage-Free Eggs: Will Companies Crack Under the Pressure?The egg industry is in transition as the shift to cage-free accelerates. But are egg producers ready for the shift? Director of research Micah Martin, CFA, shares his perspective.
As of July 31, 2021, Diamond Hill owned shares of Cal-Maine Foods, Inc. As of May 31, 2021, Diamond Hill owned debt in Kroger Co. (The).
The views expressed are those of the speakers as of August 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. Investing involves risk including the possible loss of principal.2021-08-2719 minUnderstanding EdgeGlobal Luxury Brands – Resiliency in the Face of AdversityHow have global luxury goods companies fared during the pandemic and can they sustain growth through an inflationary environment? International analyst Yiting Liu, CFA, shares her perspectives on the luxury goods market in this podcast.
Compound annual growth rate (CAGR) is a metric that smooths annual gains over a specified number of years as if the growth had happened steadily each year over that time period.
As of July 31, 2021, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financiere Richemont SA, Diageo PLC, Walt Disney Co., Tencent Holdings Ltd., Alibaba Group Holding...2021-08-1828 minUnderstanding EdgeDiamond Hill’s Fixed Income Team Marks 5-Year AnniversarySince joining Diamond Hill five years ago, Henry Song, CFA, and Mark Jackson, CFA, have remained focused on delivering the best possible outcomes for clients. Achieving those outcomes in the current environment, including through the COVID-19 pandemic and a period of historically low interest rates, has highlighted the team’s capabilities in fixed income markets and in particular the securitized market. In this podcast, Henry and Mark reflect on the past five years, the market environment, and how fixed income investing has evolved since the pandemic.
Click here for standardized performance, expenses, prospectus and important information for th...2021-08-0518 minUnderstanding EdgeGlobal Consumption—Sidelined Firepower Ready to Spark?Elevated savings rates suggest consumers are flush with cash. Will this spending power ignite growth in the global economy? International research analyst Chris Piel shares his perspectives on the state of the global consumer in the post-pandemic world.
As of May 31, 2021, Diamond Hill owned shares of Compass Group PLC, Fomento Economico Mexicano SAB de CV and InterContinental Hotels Group PLC.
The views expressed are those of the speakers as of July 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.2021-07-0723 minUnderstanding EdgeBack to the Future—The Consumer Goods IndustryPackaged goods have been mainstays in American households for generations. But consumer staples companies are at a crossroads — should products prioritize convenience or promote healthy living? Analyst Tim Myers, CFA, shares his view on the evolution of the industry and why companies may want to look to their past as they plan for the future.
As of May 31, 2021, Diamond Hill owned shares of Procter & Gamble Co. (The), PepsiCo, Inc. and Mondelez International, Inc. - Class A. As of March 31, 2021, Diamond Hill owned debt in Apple, Inc.
The views expressed are those of the speakers as of...2021-06-2316 minUnderstanding EdgeIntroducing the Large Cap Concentrated FundPortfolio managers Chuck Bath, CFA, and Austin Hawley, CFA, share their thoughts on Diamond Hill’s latest mutual fund offering.
Click here for disclosures and other important information for the Large Cap Concentrated Fund.
Click here for a complete list of holdings for the Large Cap Concentrated Fund.
The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable.
The Diamond Hill Funds are distributed by Fo...2021-06-1418 minUnderstanding EdgeAutonomous Vehicles, Part III: Waymo – Google’s Foray Into Self-Driving VehiclesResearch analyst Varun Gupta, CFA, discusses Google’s history in the autonomous vehicle space and how they’re testing technology in real-life settings today.
As of April 30, 2021, Diamond Hill owned shares of General Motors Co., BlackBerry Ltd. and Alphabet, Inc. - Class A.
The views expressed are those of the speakers as of May 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
2021-06-0114 minUnderstanding EdgeLumber & Housing: An UpdateLumber prices have soared recently. Analyst Josh Barber, CFA, shares how the pandemic has played into this rise in prices and how it’s impacting the housing market.
As of March 31, 2021, Diamond Hill owned shares of Weyerhaeuser Co.
The views expressed are those of Diamond Hill as of May 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
2021-05-1120 minUnderstanding EdgeHarvesting Value: John Deere & Precision AgricultureResearch analyst Brian Bath, CFA, explains how Deere has become the industry leader in the high-tech precision agriculture space and how this iconic brand has built such a loyal customer base.
As of March 31, 2021, Diamond Hill owned shares of Deere & Co.
The views expressed are those of Diamond Hill as of April 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
2021-04-2814 minUnderstanding EdgeAutonomous Vehicles, Part II: The Evolution of BlackBerryResearch analyst Chris Piel, CFA, discusses BlackBerry’s evolution from smartphone manufacturer to leader in secure communications systems and automotive technology that’s paving the way for autonomous vehicles.
As of March 31, 2021, Diamond Hill owned shares of BlackBerry Ltd. (long), General Motors Co. (long), Alphabet, Inc. - Class A (long), Baidu, Inc.(long) and Tesla Inc. (short). As of January 31, 2021, Diamond Hill owned debt in General Motors Financial Co., Inc., Apple, Inc. and Tesla Auto Lease Trust.
The views expressed are those of Diamond Hill as of April 2021 and are subject to change. These opinions are n...2021-04-2121 minUnderstanding EdgeTechnology M&A: Can This Buying Frenzy Continue?Large acquisitions in the tech space have increased dramatically over the past five years. Analyst Scott Williams, CFA, shares his view on this M&A activity and what it means for the sector going forward.
As of February 28, 2021, Diamond Hill owned shares of Microsoft Corp.
The views expressed are those of Diamond Hill as of April 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
2021-04-0821 minUnderstanding EdgeAutonomous Vehicles, Part I: The Path to the FutureResearch analyst Brian Bath, CFA, provides an update on autonomous vehicles, where we are in the evolution of the industry, and how General Motors and others are helping pave the way.
As of February 28, 2021, Diamond Hill owned shares of BlackBerry Ltd. (long), General Motors Co. (long), Alphabet, Inc. – Class A (long) and Tesla, Inc. (short). As of December 31, 2020, Diamond Hill owned debt in Tesla, Inc. and Ford Motor Co.
The views expressed are those of Diamond Hill as of March 2021 and are subject to change. These opinions are not intended to be a forecast of fu...2021-03-2517 minUnderstanding EdgeLions and Tigers and…Wildebeests?How close are we to herd immunity and what could help us get there? In this podcast, we discuss the latest on the COVID-19 vaccine rollout, herd immunity, virus variants, as well as biotech advances in health care.
The views expressed are those of Diamond Hill as of February 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of February 28, 2021, Diamond Hill owned shares of Pfizer, Inc and Roche Holdings AG.
2021-03-0928 minUnderstanding EdgeShifting to a Zero Emission EconomyGlobally, countries are evaluating the implementation of climate change policies that could lead to a zero-emission economy in the near future. Analyst Harsh Acharya, CFA, discusses the renewable technologies behind this shift, and more.
The views expressed are those of the research analyst as of February 2021, are subject to change, and may differ from the views of other research analysts, portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice.
As of January 31, 2021, Diamond Hill owned shares...2021-03-0120 minUnderstanding EdgeAfter the Dust SettlesPortfolio manager Grady Burkett discusses investing in international markets after a once-in-a-lifetime market crisis and where he’s finding interesting investment opportunities.
The Morningstar Global Markets Index is a net total return index designed to provide exposure to the top 97% of equity market capitalization in both developed and emerging markets.
The views expressed are those of Diamond Hill as of February 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2021, Diamond Hill owned shares of Ta...2021-02-2422 min
Understanding EdgeOnline Brokerage and the Rise of RobinhoodAnalyst Tyler Ventura, CFA, discusses the decades-long brokerage wars and how trading app Robinhood is disrupting the space today.
The views expressed are those of Diamond Hill as of January 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of December 31, 2020, Diamond Hill owned shares of Charles Schwab Corp. and Morgan Stanley.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and...2021-01-2719 min
Understanding Edge2020 High Yield Market RecapFixed income PM Bill Zox, CFA, discusses what we saw in the high yield markets in 2020, how the team positioned the portfolios through an uncertain election season and grind tighter in corporate spreads.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The ICE BofA U.S. High Yield Index tracks the performance of the U.S. dollar denominated below investment grade corporate debt publicly issued in the U...2021-01-2124 minUnderstanding EdgeCOVID-19 — Help or Hindrance for the Health Care Sector?Analyst Laura O’Dell, CFA, discusses COVID-19 vaccines and which areas of the health care sector have been most drastically impacted by the pandemic.
The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of November 30, 2020, Diamond Hill owned equity shares of Procter & Gamble Co. (The), Pfizer, Inc., Stericycle, Inc. and Integer Holdings Corp.
This material is for informational purposes and is prepared by Diamond Hill Capital Ma...2020-12-1618 minUnderstanding EdgeA Conversation with CEO Heather BrilliantCEO Heather Brilliant reflects on 2020, discussing our ongoing commitment to alignment with clients, our diversity, equity and inclusion efforts, and more.
The views expressed are those of Diamond Hill as of December 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are not intended to be a forecast of...2020-12-1017 minUnderstanding EdgeStanding Out by Not Fitting InFixed income PM Bill Zox, CFA, discusses how our high yield team takes advantage of inefficiencies in the high yield market and why they’re not afraid to construct portfolios that look very different from peers and the index.
The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The ICE BofA U.S. High Yield Index tracks the performance of the U.S. dollar denominated below investment grade corporate de...2020-12-0300 minUnderstanding EdgeThe Basics & Benefits of SecuritizationPortfolio Manager Henry Song discusses finding value in the underutilized securitized area of the market and how securitized strategies can fit into an investor’s portfolio.
The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
Investment Grade is a Bond Quality Rating of AAA, AA, A or BBB.
As of August 31, 2020 Diamond Hill owned debt in JPMorgan Chase & Co.
This material is for informational purposes an...2020-11-2425 minUnderstanding EdgeBanking in the Time of a Global PandemicAnalyst John Loesch shares how banks have fared during this year’s market downturn compared to the financial crisis and discusses how technology and COVID-19 are changing how people bank going into 2021.
The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of October 31, 2020, Diamond Hill owned equity shares of Sterling Bancorp, First Republic Bank, SVB Financial Group, Live Oak Bancshares, Inc. and Bank OZK.
This material is...2020-11-1819 minUnderstanding EdgeA Research Process Deep DiveDirector of Research Micah Martin discusses how the analyst team approaches fundamental analysis.
The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of October 31, 2020, Diamond Hill owned equity shares of Cal-Maine Foods, Inc., Green Brick Partners, Inc., Alphabet, Inc. (Cl A). As of August 31, 2020 Diamond Hill owned debt in Home Depot, Inc.
This material is for informational purposes and is prepared by Diamond Hill Capital Management...2020-11-1225 minUnderstanding EdgeReady for Takeoff or Grounded Indefinitely? – An Airlines UpdateAnalyst Blake Haxton provides an update on where demand for air travel stands today and discusses the possibility of a stimulus package for airlines.
The views expressed are those of Diamond Hill as of October 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of September 30, 2020, Diamond Hill owned equity shares of Microsoft Corp., Allegiant Travel Co., Walt Disney Co. and Alaska Air Group, Inc. As of July 31, 2020 Diamond Hill owned debt in American Airlines, Inc., Delta Air Lines...2020-10-2720 minUnderstanding EdgeBreaking Up With Old HabitsWill consumption habits formed amid pandemic shut-downs be more lasting? Perhaps—and that can be key in understanding future demand patterns and how those influence businesses’ long-term earnings power.
The views expressed are those of Diamond Hill as of October 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are...2020-10-1417 minUnderstanding EdgeA Discussion With Chief Client Officer Jo Ann QuinifChief Client Officer Jo Ann Quinif shares how our client team has continued to serve clients remotely and what she views as unique attributes of the team.
The views expressed are those of Diamond Hill as of September 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are not...2020-09-1715 minUnderstanding EdgeIs Pharma Reentering a Golden Age of Innovation?Innovation and productivity in the pharmaceutical industry has been in steady decline for decades. However, we believe the industry is poised for a comeback.
The views expressed are those of Diamond Hill as of September 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of July 31, 2020, Diamond Hill owned equity shares of Gilead Sciences, Inc., GlaxoSmithKline PLC, Pfizer, Inc., Alphabet, Inc. (Classes A&C), Novartis AG, Astellas Pharma, Inc. and Roche Holdings AG.
This material is for...2020-09-1126 minUnderstanding EdgeEnergy & Airlines: An UpdateAnalyst Blake Haxton discusses the state of the oil industry after months of subdued demand and March’s price war, and shares where air travel demand stands today.
The views expressed are those of Diamond Hill as of August 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of July 31, 2020, Diamond Hill owned Alaska Air Group, Inc. (equity) and Allegiant Travel Co. (equity).
This material is for informational purposes and is prepared by Diamond Hill Capital Management. Th...2020-09-0320 minUnderstanding EdgeCan Smart Buildings Curb COVID-19?Smart, energy-efficient buildings have been in demand for years, but their features have historically been viewed as luxuries versus necessities. COVID-19 has turned that view on its head.
The views expressed are those of Diamond Hill as of August 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of July 31, 2020, Diamond Hill owned Johnson Controls International PLC (equity), Carrier Global Corp. (equity) and Honeywell International, Inc. (equity).
This material is for informational purposes and is prepared by...2020-08-2623 minUnderstanding EdgeThrough the Eye of the Storm—a Structured Market RecapFixed income portfolio manager Henry Song reviews the volatile first half of 2020 in the securitized market, from the early days of the pandemic to the more recent recovery.
The views expressed are those of Diamond Hill as of July 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are...2020-08-0419 minUnderstanding EdgeHigh Yield: Reflections on a CrisisPortfolio Manager John McClain reviews the historic first half of 2020, discussing opportunities in the investment grade space, fallen angels and the ongoing opportunity in the high yield market.
The views expressed are those of Diamond Hill as of July 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of June 30, 2020, Diamond Hill owned equity shares of TJX Cos., Inc. (The). As of April 30, 2020, Diamond Hill owned debt in Ford Motor Credit Co. LLC, Ford Motor Co., Occidental Petroleum Corp...2020-07-2333 minUnderstanding EdgeValue Investing, EvolvedCIO Austin Hawley discusses the dramatic underperformance of value stocks relative to growth stocks, why traditional definitions of value may need to evolve with the changing economy and why price is still an important factor in determining future returns.
The views expressed are those of Diamond Hill as of June 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of May 31, 2020, Diamond Hill owned Facebook, Inc. (Cl A) (equity) and Alphabet, Inc. (Cl A) (equity). As of March 31, 2020 Diamond...2020-06-3030 minUnderstanding EdgeHow Machine Learning Is Creating Value for Google and FacebookFrom smartphones to voice assistants, machine learning and AI techniques are becoming integral in our daily lives. Internet advertising analyst Varun Gupta examines why these technologies are central to Alphabet and Facebook’s success.
The views expressed are those of Diamond Hill as of June 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of May 31, 2020, Diamond Hill owned Facebook, Inc. - Class A (equity), Alphabet, Inc. - Class A (equity), Tencent Holdings Ltd. (equity), Berkshire Hathaway, Inc. - Cl...2020-06-2424 minUnderstanding EdgeGoodbye Offices? How Remote Working May Impact Commercial Real EstateCOVID-19 has created an unanticipated experiment in working remotely, a trend many have speculated could become the new normal. Real estate analyst Josh Barber explains what a return to the office would look like and what ongoing remote working could mean for our real estate holdings.
The views expressed are those of Diamond Hill as of June 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of May 31, 2020, Diamond Hill owned Facebook, Inc. - Class A (equity). As of...2020-06-1720 minUnderstanding EdgeHas the High Yield Opportunity Already Passed?Portfolio Manager Bill Zox discusses the current opportunity set he sees in the high yield market and how recent intervention by the federal government has impacted the market.
The views expressed are those of Diamond Hill as of May 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The ICE BofA U.S. High Yield Index tracks the performance of the U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. The index...2020-05-2917 minUnderstanding EdgeFinancials UpdateBanking analyst John Loesch discusses how COVID-19 has impacted bank stocks and how the current rate environment is impacting the sector.
The views expressed are those of Diamond Hill as of May 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of April 30, 2020, Diamond Hill owned Sterling Bancorp (equity), First of Long Island Corp. (The) (equity), SVB Financial Group (equity), Cadence BanCorp (equity), First Republic Bank (equity) and BOK Financial Corp. (equity).
This material is for informational...2020-05-2121 minUnderstanding EdgeWhere's the Beef?Consumer commodities analyst Micah Martin discusses how COVID-19 has disrupted the U.S. protein supply chain and how this could lead to protein shortages for consumers.
The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of March 31, 2020 Diamond Hill owned McDonalds Corp. (debt) and Walmart, Inc. (equity,short). As of January 31, 2020 Diamond Hill owned Kroger Co. (The) (debt).
This material is for informational purposes and is...2020-05-0525 minUnderstanding EdgeColliding Disruptions—An Energy Market UpdateDiamond Hill energy analyst Blake Haxton discusses the recent energy price rout, the collision of supply and demand disruptions, why geology matters in oil production and the impact on long-term investors.
The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
Contango is a situation in which the futures price of a commodity is higher than the spot price.
S&P 500® Energy Index measures the performance of those c...2020-04-2722 minUnderstanding EdgeIt’s Not a Sprint …Portfolio Manager John McClain discusses how the mental toughness and preparation required for running marathons helps make him a better, more balanced investor.
The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are not intended to be a...2020-04-2221 minUnderstanding EdgeCOVID-19 & the Health Care IndustryHealth care analysts Chendhore Veerappan and Laura O’Dell discuss treatments health care companies are developing for COVID-19, how they’re ramping testing capacity and what the virus means for health care holdings in our portfolios.
The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of March 31, 2020 Diamond Hill owned Abbott Laboratories (equity), GlaxoSmithKline PLC (equity), Pfizer, Inc. (equity), Gilead Sciences, Inc. (equity), Roche Holdings AG (equity) and Ther...2020-04-1329 minUnderstanding EdgeBusiness ContinuityCEO Heather Brilliant, Director of IT John Kroeger and CCO Gary Young discuss our business continuity and disaster recovery plans and how they have been put into action due to COVID-19.
The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change...2020-03-3118 minUnderstanding EdgeDiscussing Market Volatility with Chuck BathPortfolio Manager Chuck Bath discusses how current market volatility compares to other periods of volatility he’s seen throughout his nearly 40-year career and how he maintains a long-term approach amid market turbulence.
The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The S&P 500 Index is a market capitalization-weighted index focused on the large-cap segment of the market. The index is comprised of 500 of the top companies in le...2020-03-3120 minUnderstanding EdgeVolatility and Opportunity in High YieldFixed Income CIO Bill Zox and PM John McClain share their thoughts on recent activity in the high yield markets, the government’s response to market volatility and impacts of the ongoing oil price war.
The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The ICE BofA U.S. High Yield Index tracks the performance of the U.S. dollar denominated below investment grade corporate debt publicly issued in th...2020-03-2331 minUnderstanding EdgeMarch 2020 Oil UpdateEnergy Analyst Blake Haxton, CFA, and Portfolio Manager John McClain, CFA, discuss how Saudi Arabia and Russia sent oil prices tumbling after Friday’s OPEC meeting and what this means for equity and high yield markets already reeling from COVID-19.
The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of th...2020-03-1017 minUnderstanding EdgeHow Is COVID-19 Impacting High Yield Markets?Fixed Income CIO Bill Zox, CFA, breaks down the Fed’s reaction to market volatility caused by COVID-19 and discusses how our fixed income team is positioned to take advantage of ongoing volatility in the market.
The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The ICE BofA U.S. High Yield Index tracks the performance of the U.S. dollar denominated below investment grade corporate debt publicly issued in...2020-03-0211 minUnderstanding EdgeFebruary 2020 Fixed Income Market UpdatePortfolio Manager John McClain, CFA, discusses how market instability caused by COVID-19 is impacting our fixed income portfolios and where he’s finding opportunities amid the chaos.
The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2020 Diamond Hill owned Citigroup, Inc. (equity) and United Airlines Holdings, Inc. (equity). As of November 30, 2019 Diamond Hill owned Citigroup, Inc. (debt) and United Airlines Holdings, Inc. (debt).
Th...2020-02-2706 minUnderstanding EdgeFebruary 2020 International Market UpdatePortfolio Manager Grady Burkett, CFA, and Analyst Yiting Liu, CFA, share how the market sell-off caused by COVID-19 is impacting our International Strategy and how they’re opportunistically adding to holdings in the portfolio.
The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2020 Diamond Hill owned Grupo Aeroportuario del Sureste SAB de CV - Class B (equity).
This material is for informational purposes and is...2020-02-2714 minUnderstanding EdgeFebruary 2020 Equity Market UpdateCIO Austin Hawley, CFA, discusses how market volatility caused by COVID-19 is impacting our equity portfolios and the benefits of short-term volatility.
The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2020 Diamond Hill owned Booking Holdings, Inc. (equity) and United Airlines Holdings, Inc. (equity). As of November 30, 2019 Diamond Hill owned United Airlines Holdings, Inc. (debt).
This material is for informational purposes and is prepared...2020-02-2710 minUnderstanding EdgeFlying High: An Overview of the Aviation Infrastructure IndustryMarket dislocations caused by macro events, such as coronavirus, can provide long-term investment opportunities for patient investors. Analyst Yiting Liu, CFA explains how this has held true for our airport operator investments.
The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2020 Diamond Hill owned Fairfax Financial Holdings Ltd. (equity) and Southeast Airport Group (equity).
This material is for informational purposes and is prepared by...2020-02-2529 minUnderstanding EdgeSmall Cap Portfolio Managers Chris Welch, CFA & Aaron Monroe, CFAChris Welch, CFA and Aaron Monroe, CFA discuss their first year as co-portfolio managers for the Small Cap strategy, sharing their thoughts on decision making in the co-PM structure, cash levels, and concentration within the portfolio.
The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2020 Diamond Hill owned Enstar Group Ltd. (equity), WESCO International, Inc. (equity), Cal-Maine Foods, Inc. (equity), Microsoft Corp. (equity), Abbott Laboratories (equity...2020-02-1825 minUnderstanding EdgeDiscussion with Portfolio Manager Chuck Bath, CFALarge Cap Portfolio Manager Chuck Bath discusses what drew him to the investment industry, the variety of market environments he's invested in, and how he sources investment ideas from our research team.
The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of January 31, 2020 Diamond Hill owned Walt Disney Co. (The) (equity, long) and Parker-Hannifin Corp. (equity, long). As of November 30, 2019, Diamond Hill owned Walt Disney Co. (The) (debt).2020-02-1223 minUnderstanding EdgeThe Importance of Capacity DisciplineAlignment of interests with our clients is a critical component of our mission, and capacity discipline is a key element of this alignment. Portfolio Manager Chris Welch, CFA and Fixed Income CIO Bill Zox, CFA share why we believe capacity discipline is so important in both the equity and fixed income markets.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
The Russell 1000 Index is an unmanaged market capitalization-weighted...2020-02-0316 minUnderstanding EdgeFinding Opportunities Amid Brexit UncertaintyResearch Analyst Nate Palmer, CFA, CPA sits down to discuss WNS Holdings, a business process management company with significant exposure to the United Kingdom, and why we believe the company is an attractive investment opportunity despite ongoing Brexit uncertainty.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of December 31, 2019 Diamond Hill owned WNS Holdings Ltd. (equity) and Cognizant Technology Solutions Corp. - Class A (equity).
For...2020-01-2817 minUnderstanding Edge2019 Equity Market RecapCIO Austin Hawley, CFA shares his thoughts on the strong equity market in 2019, the ongoing underperformance of value businesses, and how macroeconomic events, such as Fed policy and trade tensions with China, impacted our portfolios.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of December 31, 2019 Diamond Hill owned Facebook, Inc. - Class A (equity), Microsoft Corp. (equity), Charles Schwab Corp. (The) (equity), KKR & Co., Inc. - Class...2020-01-2430 minUnderstanding Edge2019 Fixed Income Market RecapCIO – Fixed Income Bill Zox, CFA joins us to look back at 2019, discussing the trade war between the U.S. and China, Brexit, negative interest rates, the Federal Reserve, and the global economic slowdown.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are su...2020-01-2225 minUnderstanding Edge2019 International Market RecapGrady Burkett, CFA, portfolio manager for our Global and International strategies, sits down to share his views on geopolitical events and market trends we saw in 2019, such as the trade war with China, Brexit, and ESG investing, and how he believes these events will impact our portfolios in the future.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of December 31, 2019 Diamond Hill owned GlaxoSmithKline plc (equity), Beazley...2020-01-1719 minUnderstanding EdgeUntouchable Value: The Importance of Intangible AssetsPortfolio Manager Grady Burkett, CFA joins us to discuss valuing intangible assets and why they play such a crucial role in a company’s competitive position and growth prospects.
The views expressed are those of Diamond Hill as of January 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
As of December 31, 2019 Diamond Hill owned Walmart (equity, short), Vivendi (equity) and Tencent (equity), LVMH Moet Hennessy Louis Vuitton SE (equity), Walt Disney Co. (The) (equity), GlaxoSmithKline plc (equity), Samsung Electronics Co...2020-01-1529 min