Understanding Edge

The US Consumer—The Pandemic Effect

Spending during the pandemic has shifted from services to goods for many U.S. consumers.  International analyst Yiting Liu, CFA, shares how this trend has impacted luxury brands.

As of May 31, 2021, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE.         

The views expressed are those of the research analyst as of June 2021, are subject to change, and may differ from the views of other research analysts, portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal.

DEI—Harnessing the Power of Cognitive Diversity

Heather Brilliant, CEO and President of Diamond Hill, joins us to discuss the progress of Diamond Hill's diversity, equity and inclusion initiatives, covering topics such as recruitment practices, vendor relationships, and the role diversity can play in moving our industry forward.

As of September 30, 2021, Diamond Hill was short shares of United Parcel Service, Inc. (Cl B).

As of July 31, 2021, Diamond Hill owned debt in FedEx Corp.

The views expressed are those of the speaker as of October 2021 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Investment Roundtable—Reexamining the Post-Pandemic Consumer

Our investment roundtable brings together various Diamond Hill investment professionals to discuss relevant and timely topics. Today, we’re joined by portfolio managers Grady Burkett, CFA, and Henry Song, CFA, as well as research analyst Tim Myers, CFA, to discuss how the pandemic has impacted the consumer and companies that rely on consumers.

As of August 31, 2021, Diamond Hill owned shares of Compagnie Financiere Richemont S.A. (Cl A), LVMH Moet Hennessy Louis Vuitton SE, Swatch Group AG, Diageo PLC, Anheuser-Busch InBev S.A./N.V., Compass Group PLC, Tesco PLC, Walt Disney Co., Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Co. Ltd. and InterContinental Hotels Group PLC. View current holdings here.                

As of June 30, 2021, Diamond Hill owned debt in Anheuser-Busch InBev S.A./N.V. and Walt Disney Co.                  

The views expressed are those of the speakers as of September 2021 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

The Shift to Cage-Free Eggs: Will Companies Crack Under the Pressure?

The egg industry is in transition as the shift to cage-free accelerates. But are egg producers ready for the shift? Director of research Micah Martin, CFA, shares his perspective.

As of July 31, 2021, Diamond Hill owned shares of Cal-Maine Foods, Inc. As of May 31, 2021, Diamond Hill owned debt in Kroger Co. (The).

The views expressed are those of the speakers as of August 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. Investing involves risk including the possible loss of principal.

Global Luxury Brands – Resiliency in the Face of Adversity

How have global luxury goods companies fared during the pandemic and can they sustain growth through an inflationary environment? International analyst Yiting Liu, CFA, shares her perspectives on the luxury goods market in this podcast.

Compound annual growth rate (CAGR) is a metric that smooths annual gains over a specified number of years as if the growth had happened steadily each year over that time period.

As of July 31, 2021, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financiere Richemont SA, Diageo PLC, Walt Disney Co., Tencent Holdings Ltd., Alibaba Group Holding Ltd. As of May 31, 2021, Diamond Hill owned debt in Walt Disney Co.

The views expressed are those of the speakers as of August 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

Diamond Hill’s Fixed Income Team Marks 5-Year Anniversary

Since joining Diamond Hill five years ago, Henry Song, CFA, and Mark Jackson, CFA, have remained focused on delivering the best possible outcomes for clients. Achieving those outcomes in the current environment, including through the COVID-19 pandemic and a period of historically low interest rates, has highlighted the team’s capabilities in fixed income markets and in particular the securitized market. In this podcast, Henry and Mark reflect on the past five years, the market environment, and how fixed income investing has evolved since the pandemic.

Click here for standardized performance, expenses, prospectus and important information for the Short Duration Securitized Bond Fund.

Click here for standardized performance, expenses, prospectus and important information for Core Bond Fund.

A complete list of portfolio holdings for each fund is available here: Short Duration Securitized Bond and Core Bond.

The Diamond Hill Funds are distributed by Foreside Financial Services, LLC (Member FINRA).

Performance is not guaranteed. The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days, at diamond-hill.com.

Bloomberg Barclays Intermediate US Aggregate Bond Index is a market index of high quality, domestic fixed income securities with maturities of less than 10 years.

The views expressed are those of the speakers as of July 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk including the possible loss of principal.

Global Consumption—Sidelined Firepower Ready to Spark?

Elevated savings rates suggest consumers are flush with cash. Will this spending power ignite growth in the global economy? International research analyst Chris Piel shares his perspectives on the state of the global consumer in the post-pandemic world.

As of May 31, 2021, Diamond Hill owned shares of Compass Group PLC, Fomento Economico Mexicano SAB de CV and InterContinental Hotels Group PLC.

The views expressed are those of the speakers as of July 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

Back to the Future—The Consumer Goods Industry

Packaged goods have been mainstays in American households for generations. But consumer staples companies are at a crossroads — should products prioritize convenience or promote healthy living? Analyst Tim Myers, CFA, shares his view on the evolution of the industry and why companies may want to look to their past as they plan for the future.

As of May 31, 2021, Diamond Hill owned shares of Procter & Gamble Co. (The), PepsiCo, Inc. and Mondelez International, Inc. - Class A. As of March 31, 2021, Diamond Hill owned debt in Apple, Inc.

The views expressed are those of the speakers as of June 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

Introducing the Large Cap Concentrated Fund

Portfolio managers Chuck Bath, CFA, and Austin Hawley, CFA, share their thoughts on Diamond Hill’s latest mutual fund offering.

Click here for disclosures and other important information for the Large Cap Concentrated Fund.

Click here for a complete list of holdings for the Large Cap Concentrated Fund.

The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable.

The Diamond Hill Funds are distributed by Foreside Financial Services, LLC (Member FINRA).

The views expressed are those of the speakers as of May 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.

Autonomous Vehicles, Part III: Waymo – Google’s Foray Into Self-Driving Vehicles

Research analyst Varun Gupta, CFA, discusses Google’s history in the autonomous vehicle space and how they’re testing technology in real-life settings today.

As of April 30, 2021, Diamond Hill owned shares of General Motors Co., BlackBerry Ltd. and Alphabet, Inc. - Class A.

The views expressed are those of the speakers as of May 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.