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Diamond Hill Financial Long-Short A (BANCX) Fund Ranking and Research

Ranking, Research and Recommendation of Diamond Hill Financial Long-Short A (BANCX) Fund

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Graph of Diamond Hill Financial Long-Short A Fund (BANCX) ManagerFund Manager - Chris Bingaman

Fund Manager Information

Fund Manager Tenure: 19.0 years
Fund Family: Diamond Hill Funds
Fund Category: Financial
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.51)     (What does this score mean?)
Mr. Bingaman has a Bachelor of Arts degree in Finance (Cum Laude) from Hillsdale College, a Masters degree in Business Administration from the University of Notre Dame, and holds the CFA designation. Mr. Bingaman currently serves as a Portfolio Manager and Sector Leader for Diamond Hill Capital Management, Inc. From 1998 to March 2001, Mr. Bingaman was a Senior Equity Analyst for Villanova Capital/Nationwide Insurance. In 1997, Mr. Bingaman was an Equity Analyst for Dillon Capital Management, an investment advisory firm.  Get more insights on Chris Bingaman

 

Graph of Diamond Hill Financial Long-Short A Fund (BANCX) ProfileDiamond Hill Financial Long-Short A Fund (BANCX) Profile

Fund Profile and Description

Diamond Hill Financial Long-Short A Fund seeks long-term capital appreciation. Diamond Hill Financial Long-Short A Fund normally invests at least 80% of assets in equity securities of banks, thrifts, specialty lending institutions, insurance companies, real estate investment trusts and other financial services companies. The management utilizes a two-step security selection process to find intrinsic value regardless of overall market conditions.

 

Diamond Hill Financial Long-Short A (BANCX) Fund Strength What we like about Diamond Hill Financial Long-Short A (BANCX) Fund

Data for Diamond Hill Financial Long-Short A Fund (BANCX) as of May 30, 2016

  • Diamond Hill Financial Long-Short A Fund (BANCX) management has been with Diamond Hill Financial Long-Short A Fund for 19.0 years
  • Diamond Hill Financial Long-Short A Fund (BANCX) has good short-term performance (1-year return -5.97% vs -6.00% Financial category median performance)
  • Diamond Hill Financial Long-Short A Fund (BANCX) has good Long-term performance (5-year return 8.60% vs 7.79% Financial category median performance)
  • Diamond Hill Financial Long-Short A Fund (BANCX) ratio of up-years vs down years is greater than 2
  • Asset base in Diamond Hill Financial Long-Short A Fund (BANCX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Diamond Hill Financial Long-Short A Fund (BANCX) is less volatile than its peers as it has a 3-year Standard Deviation of 12.41, lower than category average of 13.75

Diamond Hill Financial Long-Short A Fund (BANCX) Weakness What we are cautious about Diamond Hill Financial Long-Short A (BANCX) Fund

Data for Diamond Hill Financial Long-Short A Fund (BANCX) as of May 30, 2016

  • Diamond Hill Financial Long-Short A Fund (BANCX) has a less-than-ideal mid-term performance (3-year return 4.25% vs 5.70% Financial category median performance)
  • Diamond Hill Financial Long-Short A Fund (BANCX) has a Morningstar rating of 3 and below
  • Diamond Hill Financial Long-Short A Fund (BANCX) is less safe compared to its Financial peers
  • Diamond Hill Financial Long-Short A Fund (BANCX) has an annual stock turnover rate of 63.00% that is higher than the Financial average of 48.51%. This could mean Diamond Hill Financial Long-Short A is more nimble, but also signal potential high tax impact and high trading fees
  • Diamond Hill Financial Long-Short A Fund (BANCX) does not have a good risk adjusted return as its 3-year Alpha of 0.3 is worse than category average of 2.35, and its 3-year Sharpe ratio is 0.39
  • Diamond Hill Financial Long-Short A Fund (BANCX) has a higher expense ratio of 1.50% than its Financial average of 1.49%
  • Diamond Hill Financial Long-Short A Fund (BANCX) carries a 5% load
  • As a Financial focused fund, Diamond Hill Financial Long-Short A Fund (BANCX) is less diversified and has inherited sector risks associated with the fund
See Diamond Hill Financial Long-Short A Fund (BANCX) performance details as of May 30, 2016

 

What do you think?

 

Compare Diamond Hill Financial Long-Short A Fund (BANCX)Compare with other top Financial category mutual funds

Aadditional top Financial mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Diamond Hill Financial Long-Short A-0.91-5.974.258.60
Burnham Financial Services A (BURKX)-0.8417.2717.2214.88Compare
Davis Financial A (RPFGX)1.800.459.779.83Compare
Emerald Banking and Finance A (HSSAX)-2.077.2115.5414.62Compare

See top fund managers for Financial Category Funds

 

Compare Diamond Hill Financial Long-Short A Fund (BANCX)Compare with Financial category ETFs

Some Financial ETFs for your consideration

ETFYear to DateOne YearThree Year
First Trust NASDAQ ABA Community Bk ETF (QABA)2.60%7.63%12.29%
PowerShares S&P SmallCap Financials ETF (PSCF)5.84%6.76%9.47%
PowerShares KBW Regional Bank ETF (KBWR)3.69%4.58%12.53%
First Trust Financials AlphaDEX ETF (FXO)3.52%1.63%9.77%
Guggenheim S&P 500 Eq Weight Fincl ETF (RYF)2.84%1.05%9.57%

 

Graph of Diamond Hill Financial Long-Short A Fund (BANCX) Net Asset TrackingDiamond Hill Financial Long-Short A (BANCX) Fund Net Asset

Track net asset change of Diamond Hill Financial Long-Short A fund (BANCX)

DateNet Asset
05/2016$26.83M
03/2016$25.59M
02/2016$24.55M
More historic net asset information on Diamond Hill Financial Long-Short A Fund (BANCX)

  

Graph of Diamond Hill Financial Long-Short A Fund (BANCX) Portfolio TrackingDiamond Hill Financial Long-Short A (BANCX) Fund Portfolio Allocation

Track portfolio allocation change of Diamond Hill Financial Long-Short A fund (BANCX)

DateCashStockBondOther
05/201615.19%84.8%0%0%
03/201612.46%87.54%0%0%
01/201612.14%87.86%0%0%
Click here to see more historic asset allocation information on Diamond Hill Financial Long-Short A Fund (BANCX)

 

graph of Diamond Hill Financial Long-Short A Fund (BANCX) Top 10 Position TrackingTop 10 Holdings in Diamond Hill Financial Long-Short A (BANCX) Fund

Discover what Diamond Hill Financial Long-Short A Fund (BANCX) manager is buying

May 30, 2016
Citigroup, Inc. Common Stock [6.93%]
Willis Towers Watson Public Lim [6.92%]
Popular, Inc. [6.87%]
Fortress Investment Group LLC C [5.03%]
MetLife, Inc. Common Stock [4.85%]
Loews Corporation Common Stock [4.76%]
Capital One Financial Corporati [4.76%]
Franklin Resources, Inc. Common [4.31%]
Nationstar Mortgage Holdings In [4.3%]
iStar Inc. Common Stock [3.68%]

Mar 30, 2016
Popular, Inc. [7.06%]
Willis Towers Watson Public Lim [6.79%]
Citigroup, Inc. Common Stock [6.79%]
MetLife, Inc. Common Stock [5.05%]
Fortress Investment Group LLC C [4.99%]
Loews Corporation Common Stock [4.74%]
Capital One Financial Corporati [4.71%]
Franklin Resources, Inc. Common [4.66%]
Nationstar Mortgage Holdings In [3.79%]
iStar Inc. Common Stock [3.75%]

Jan 30, 2016
Willis Towers Watson Public Lim [6.63%]
Citigroup, Inc. Common Stock [6.38%]
Popular, Inc. [6.28%]
MetLife, Inc. Common Stock [5.19%]
Loews Corporation Common Stock [4.64%]
Capital One Financial Corporati [4.51%]
Fortress Investment Group LLC C [4.46%]
Franklin Resources, Inc. Common [4.37%]
iStar Inc. Common Stock [4.1%]
Nationstar Mortgage Holdings In [3.91%]
Click here for Stock Holding Change Map in Diamond Hill Financial Long-Short A Fund (BANCX)

  

Latest News on Diamond Hill Financial Long-Short A (BANCX) Fund

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