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Diamond Hill launches two fixed income mutual funds

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Diamond Hill Capital Management has launched the Diamond Hill Short Duration Total Return Fund and the Diamond Hill Core Bond Fund.

Managed by Henry Song and Mark Jackson, both strategies are also available as institutional separate accounts. 
 
"Henry and Mark have worked side-by-side for the last 10 years, applying a consistent, bottom up, intrinsic value-based investment philosophy and process to a style-pure core fixed income strategy. They will apply this same philosophy and process to the two new funds. Diamond Hill provides the right environment for them to successfully navigate the constantly changing fixed income markets as they seek to provide value-added returns for our clients," says Bill Zox (pictured), chief investment officer – fixed income, Diamond Hill.
 
"The Short Duration Total Return Fund is a unique offering in the investment grade short-duration space that emphasises structured products and targets a total return materially higher than the benchmark while seeking to maintain a higher average credit quality than a typical corporate focused, short duration strategy. This fund is an option for those clients looking for additional yield in a low-rate environment."    
 
The Diamond Hill Short Duration Total Return Fund will primarily focus on investing in a diversified portfolio of investment grade fixed income securities and may invest a significant portion or all of its assets in asset-backed, mortgage-related, and mortgage-backed securities. The fund will typically maintain an average portfolio duration of less than three.
 
The Diamond Hill Core Bond Fund will primarily focus on investing in a diversified portfolio of investment grade fixed income securities and may invest a significant portion in mortgage-related and mortgage-backed securities. The fund will typically maintain an average portfolio duration within 10 per cent of the duration of the Bloomberg Barclays US Aggregate Index.
 
The Short Duration Total Return and Core Bond Funds are currently available through Charles Schwab, TD Ameritrade and SEI. They will soon be available on additional intermediary platforms.
 
Chris Bingaman, CEO and portfolio manager, Diamond Hill, says: "Henry and Mark have added a new dimension to our investment team and the extension of our fixed income strategies will allow us to better serve our clients."

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