Diamond Hill Launches New Securitized Credit Fund
Diamond Hill Launches New Securitized Credit Fund
COLUMBUS, Ohio, Dec. 16, 2024 /PRNewswire/ -- Diamond Hill, a boutique investment management firm with a long-term, valuation-disciplined approach across multiple asset classes, today announced the launch of the Diamond Hill Securitized Credit Fund. Structured as an interval fund, the Fund will extend Diamond Hill's expertise in securitized bonds into more illiquid and lower credit quality bonds.
俄亥俄州哥倫布市,2024年12月16日 /PRNewswire/--Diamond Hill是一家精品投資管理公司,對多個資產類別採取長期、嚴守估值的方法,今天宣佈推出鑽石山證券化信貸基金。該基金採用間隔基金的結構,將把Diamond Hill在證券化債券方面的專業知識擴展到流動性更低和信用質量更低的債券。
The Securitized Credit Fund will be managed by Henry Song, CFA. The interval fund structure, which offers quarterly redemptions with shares available for daily purchase, provides flexibility for the Fund to take advantage of investments in less liquid, potentially higher-return securities that may not be suitable for an open-end fund with daily liquidity.
證券化信貸基金將由特許金融分析師亨利·宋管理。間隔基金結構提供季度贖回,股票可供每日購買,這使基金能夠靈活地利用對流動性較低、回報率可能更高的證券的投資,這些證券可能不適合具有每日流動性的開放式基金。
"The Securitized Credit Fund leverages our fixed income team's deep and differentiated expertise in securitized assets to build a portfolio focused solely on that asset class," said Heather Brilliant, CFA, Diamond Hill CEO. "Launching this fund adds to the team's ability to deliver portfolios with the differentiated risk/return profile our clients seek."
Diamond Hill首席執行官Heather Brilliant表示:「證券化信貸基金利用我們的固定收益團隊在證券化資產方面的深厚而差異化的專業知識,建立了專門針對該資產類別的投資組合。」「推出該基金增強了團隊交付具有客戶尋求的差異化風險/回報特徵的投資組合的能力。」
"Our team focuses on the securitized sector because the market has historically been less efficient in pricing these securities," said Song. "That provides a rich opportunity set for our disciplined approach to bottom-up security selection to uncover underpriced securities."
宋說:「我們的團隊專注於證券化行業,因爲從歷史上看,市場對這些證券的定價效率一直較低。」「這爲我們採用自下而上的自下而上的證券選擇的紀律方法提供了豐富的機會,以發現價格過低的證券。」
The Diamond Hill fixed income team has $5.9 billion in assets under management as of 30 November 2024 and manages the Core Bond, Core Plus Bond, Intermediate Bond, Short Duration Investment Grade and Short Duration Securitized Bond portfolios in addition to Securitized Credit.
截至2024年11月30日,Diamond Hill固定收益團隊管理的資產爲59億美元,除證券化信貸外,還管理核心債券、Core Plus債券、中間債券、短期投資等級和短期證券化債券投資組合。
About Diamond Hill:
Diamond Hill invests on behalf of clients through a shared commitment to its valuation-driven investment principles, long-term perspective, capacity discipline and client alignment. An independent active asset manager with significant employee ownership, Diamond Hill's investment strategies include differentiated U.S. and international equity, alternative long-short equity and fixed income. As of November 30, 2024, Diamond Hill's assets under management and assets under advisement totaled $33.5 billion. For more information visit .
關於鑽石山:
Diamond Hill通過共同承諾遵守其以估值爲導向的投資原則、長期展望、能力紀律和客戶一致性來代表客戶進行投資。Diamond Hill是一家擁有大量員工所有權的獨立活躍資產管理公司,其投資策略包括差異化的美國和國際股票、另類多頭空頭股票和固定收益。截至2024年11月30日,鑽石山管理的資產和諮詢資產總額爲335億美元。欲了解更多信息,請訪問 .
Media Contact
Prosek Partners
[email protected]
媒體聯繫人
Prosek 合作伙伴
[電子郵件保護]
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 or calling 888.226.5595. Read carefully before investing. The Diamond Hill Funds are distributed by Foreside Financial Services, LLC (Member FINRA). 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 value
仔細考慮基金的投資目標、風險和支出。這些信息和其他重要信息包含在基金的招股說明書和招股說明書摘要中,可在以下網址查閱 或致電 888.226.5595。投資前請仔細閱讀。鑽石山基金由Foreside Financial Services, LLC分發(FINRA 會員)。註冊投資顧問鑽石山資本管理公司擔任鑽石山基金的投資顧問,並收取服務費。沒有聯邦存款保險公司投保 | 沒有銀行擔保 | 可能會貶值
The Diamond Hill Securitized Credit Fund is operated as a continuously offered, non-diversified, registered closed-end, interval fund. As a result, pursuant to Rule 23c-3 under the Investment Company Act of 1940, as amended ("Company Act"), the Fund will conduct quarterly repurchase offers, at net asset value, of no less than 5% and no more than 25% of the Fund's outstanding shares. It is possible that a repurchase offer may be oversubscribed, with the result that shareholders may only be able to have a portion of their shares repurchased. If a repurchase offer is oversubscribed by shareholders, the Fund will repurchase only a pro rata portion of shares tendered by each shareholder. There is no assurance that a shareholder will be able to tender their Fund shares when or in the amount that they desire. Shareholders should not expect to be able to sell shares other than through the Fund's repurchase policy, regardless of how the Fund performs.
鑽石山證券化信貸基金作爲持續發行、非多元化、註冊的封閉式間隔基金運營。因此,根據經修訂的1940年《投資公司法》(「公司法」)第23c-3條,基金將按淨資產價值進行季度回購要約,金額不低於基金已發行股票的5%,不超過25%。回購要約有可能被超額認購,結果股東只能回購一部分股份。如果回購要約被股東超額認購,則基金將僅按比例回購每位股東投標的股份。無法保證股東能夠按他們想要的時間或金額投標其基金股份。無論基金的表現如何,股東都不應指望能夠通過基金的回購政策以外的其他方式出售股票。
Risk Disclosure
An investment in the Fund should be viewed as an illiquid investment, involves a high degree of risk and is not suitable for investors that require liquidity. Shares are not redeemable, are not listed on any securities exchange, and there is not expected to be any secondary trading market in the shares to develop.
風險披露
對基金的投資應被視爲流動性不足的投資,涉及高風險,不適合需要流動性的投資者。股票不可兌換,未在任何證券交易所上市,預計不會有任何二級交易市場可供開發。
In general, when interest rates rise, fixed income values fall. There are specialized risks associated with investing in securitized bond investments, including market, credit, distribution, inflation, extension, liquidity, management and interest rate risk. Lower quality/high yield securities involve greater default risk or price changes than bonds with higher credit ratings. Mortgage- and asset-backed securities are influenced by factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties and become more volatile and/or illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or repay loans sooner than expected, creating an early return of principal to loan holders. There is no assurance that monthly distributions paid by the fund will be maintained at a certain level or that dividends will be paid at all.
通常,當利率上升時,固定收益價值會下降。投資證券化債券投資存在特殊風險,包括市場、信貸、分配、通貨膨脹、延期、流動性、管理和利率風險。與信用評級較高的債券相比,質量較低/高收益的證券涉及更大的違約風險或價格變化。抵押貸款和資產支持證券受到影響房地產市場和此類證券所依據資產的因素的影響。這些證券的價值可能會下跌,面臨估值困難,並變得更具波動性和/或流動性不足。他們還面臨預付風險,這種風險發生在抵押貸款持有人比預期更快地再融資或償還貸款時,從而提前向貸款持有人返還本金。無法保證該基金支付的每月分紅會維持在一定水平,也無法保證會支付股息。
The Fund's distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment. Any capital returned to shareholders through distributions will be distributed after payment of fees and expenses.
基金的分配可能由無限量的發行收益或借款提供資金,這可能構成資本回報,並減少基金可用於投資的資本金額。通過分配返還給股東的任何資本將在支付費用和支出後進行分配。
A return of capital to shareholders is a return of a portion of their original investment in the Fund, thereby reducing the tax basis of their investment. As a result from such reduction in tax basis, shareholders may be subject to tax in connection with the sale of shares, even if such shares are sold at a loss relative to the shareholder's original investment.
向股東返還資本是指股東在基金中原始投資的一部分的回報,從而降低了其投資的稅基。由於這種稅基的降低,股東可能需要爲出售股票繳稅,即使出售的股票相對於股東的原始投資是虧損的。
SOURCE Diamond Hill
來源鑽石山
評論(0)
請選擇舉報原因