DHEYX

About DHEYX

Diamond Hill Short Duration Securitized Bond Fund Class Y is an actively managed open-end mutual fund focused on **securitized fixed income** with an emphasis on **short duration** risk control. The strategy seeks to maximize total return consistent with capital preservation by investing primarily in asset-backed, mortgage-backed, and other securitized bonds, generally keeping at least 80% of assets in securitized investments and maintaining an average portfolio duration of roughly one to two years, capped at three. The fund can allocate a modest sleeve—up to 15%—to below‑investment‑grade securities at purchase to pursue incremental yield while relying on rigorous security selection. It distributes income **monthly** and targets a diversified mix spanning residential and commercial mortgages and other structured credit, complemented by liquidity instruments. Managed by a dedicated team with a repeatable process centered on bottom‑up relative value in spread sectors, the fund operates within the short‑term bond category and emphasizes high credit quality relative to government or corporate credit‑focused peers while aiming to enhance yield. Morningstar notes a cost advantage for this share class and recognizes the team and process with a Bronze Analyst Rating.