4 / 5 Stars
5 5 5 4 4
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 109 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 14.64 percent over the past year, 10.18 percent over the past three years, 11.24 percent over the past five years, and 8.05 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-1.5%|
|3 Years (Annualized)||10.2%|
|5 Years (Annualized)||11.2%|
|10 Years (Annualized)||8.0%|
The investment seeks to provide long-term capital appreciation. The fund normally invests its assets in U.S. equity securities of any size capitalization that the Adviser believes are undervalued and selling short equity securities of any size capitalization the Adviser believes are overvalued. Equity securities consist of common and preferred stocks, rights and warrants, S&P Depositary Receipts ("SPDRs"), American Depositary Receipts ("ADRs") and other similar instruments. The Adviser focuses on estimating a company's value independent of its current stock price.
Fees are Average compared to funds in the same category.
Diamond Hill Long-Short Fund has an expense ratio of 1.16 percent.
Risk is Average compared to funds in the same category according to Morningstar.