Diamond Hill Small Cap Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 97.7% | Shares | Fair Value | ||||||
| Consumer Discretionary - 9.4% | ||||||||
| Century Communities, Inc. | 31,960 | $ | 2,134,289 | |||||
| Green Brick Partners, Inc. (a)(b) | 20,878 | 866,646 | ||||||
| Johnson Outdoors, Inc., Class A (a) | 53,588 | 2,930,728 | ||||||
| Red Rock Resorts, Inc., Class A | 349,137 | 14,314,617 | ||||||
| Rocky Brands, Inc. (a) | 147,004 | 2,160,959 | ||||||
| Vail Resorts, Inc. | 7,042 | 1,562,549 | ||||||
| Wolverine World Wide, Inc. | 156,479 | 1,261,221 | ||||||
| 25,231,009 | ||||||||
| Consumer Staples - 11.9% | ||||||||
| Cal-Maine Foods, Inc. | 196,417 | 9,510,511 | ||||||
| Lancaster Colony Corp. | 54,496 | 8,993,475 | ||||||
| Oil-Dri Corp. of America | 95,359 | 5,888,418 | ||||||
| Post Holdings, Inc. (b) | 66,884 | 5,734,634 | ||||||
| Seaboard Corp. (a) | 477 | 1,790,181 | ||||||
| 31,917,219 | ||||||||
| Energy - 4.1% | ||||||||
| Centrus Energy Corp., Class A (a)(b) | 72,466 | 4,113,170 | ||||||
| Civitas Resources, Inc. (a) | 83,652 | 6,764,937 | ||||||
| 10,878,107 | ||||||||
| Financials - 22.3% | ||||||||
| Bank OZK | 252,427 | 9,357,469 | ||||||
| BOK Financial Corp. | 69,131 | 5,529,097 | ||||||
| Enstar Group Ltd. (b) | 28,704 | 6,946,368 | ||||||
| First Western Financial, Inc. (a)(b)(c) | 125,652 | 2,280,584 | ||||||
| Live Oak Bancshares, Inc. | 372,412 | 10,781,327 | ||||||
| Mr. Cooper Group, Inc. (b) | 165,771 | 8,878,695 | ||||||
| Silvercrest Asset Management Group, Inc., Class A | 95,104 | 1,509,300 | ||||||
| Triumph Financial, Inc. (b) | 129,316 | 8,378,384 | ||||||
| Webster Financial Corp. | 155,571 | 6,271,067 | ||||||
| 59,932,291 | ||||||||
| Health Care - 5.3% | ||||||||
| Enovis Corp. (b) | 166,040 | 8,755,289 | ||||||
| UFP Technologies, Inc. (a)(b) | 34,471 | 5,565,343 | ||||||
| 14,320,632 | ||||||||
Diamond Hill Small Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 97.7% (Continued) | Shares | Fair Value | ||||||
| Industrials - 28.8% | ||||||||
| Allegiant Travel Co. | 106,688 | $ | 8,200,040 | |||||
| Allient, Inc. | 154,495 | 4,776,985 | ||||||
| Concrete Pumping Holdings, Inc. (a)(b) | 690,323 | 5,922,971 | ||||||
| Douglas Dynamics, Inc. | 151,149 | 4,561,677 | ||||||
| Ducommun, Inc. (a)(b) | 48,471 | 2,108,973 | ||||||
| Energy Recovery, Inc. (b) | 155,714 | 3,302,694 | ||||||
| ESAB Corp. | 112,275 | 7,883,950 | ||||||
| First Advantage Corp. | 692,281 | 9,546,555 | ||||||
| FTAI Aviation Ltd. (a) | 189,380 | 6,732,459 | ||||||
| Gates Industrial Corp. plc (b) | 315,333 | 3,661,016 | ||||||
| Graham Corp. (b) | 157,066 | 2,607,296 | ||||||
| Kirby Corp. (b) | 20,507 | 1,697,980 | ||||||
| Miller Industries, Inc. | 6,431 | 252,160 | ||||||
| WESCO International, Inc. | 45,350 | 6,522,237 | ||||||
| WNS Holdings Ltd. - ADR (b) | 140,752 | 9,635,882 | ||||||
| 77,412,875 | ||||||||
| Information Technology - 2.0% | ||||||||
| Progress Software Corp. | 28,367 | 1,491,537 | ||||||
| Rimini Street, Inc. (a)(b) | 1,397,187 | 3,073,811 | ||||||
| Sanmina Corp. (b) | 14,947 | 811,323 | ||||||
| 5,376,671 | ||||||||
| Materials - 7.5% | ||||||||
| Ashland, Inc. | 129,369 | 10,566,860 | ||||||
| Haynes International, Inc. (a) | 28,332 | 1,318,005 | ||||||
| Taseko Mines Ltd. (a)(b) | 3,257,238 | 4,136,692 | ||||||
| United States Lime & Minerals, Inc. (a) | 20,945 | 4,209,945 | ||||||
| 20,231,502 | ||||||||
| Real Estate - 5.6% | ||||||||
| CubeSmart | 35,189 | 1,341,757 | ||||||
| Douglas Emmett, Inc. (a) | 270,967 | 3,457,539 | ||||||
| Jones Lang LaSalle, Inc. (b) | 10,459 | 1,476,602 | ||||||
| Rayonier, Inc. | 57,724 | 1,642,825 | ||||||
| Ryman Hospitality Properties, Inc. | 83,363 | 6,942,471 | ||||||
| 14,861,194 | ||||||||
Diamond Hill Small Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 97.7% (Continued) | Shares | Fair Value | ||||||
| Utilities - 0.8% | ||||||||
| UGI Corp. | 90,932 | $ | 2,091,436 | |||||
| Total Common Stocks (Cost $191,802,491) | $ | 262,252,936 | ||||||
| Registered Investment Companies - 7.6% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (d) | 2,511,387 | $ | 2,512,140 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (d)(e) | 17,977,775 | 17,977,775 | ||||||
| Total Registered Investment Companies (Cost $20,489,662) | $ | 20,489,915 | ||||||
| Total Investment Securities - 105.3% (Cost $212,292,153) | $ | 282,742,851 | ||||||
| Liabilities in Excess of Other Assets - (5.3)% | (14,160,032 | ) | ||||||
| Net Assets - 100.0% | $ | 268,582,819 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $28,358,575. |
| (b) | Non-income producing security. |
| (c) | Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2023 was $2,280,584, representing 0.8% of net assets. |
| (d) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (e) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $11,360,023. |
| ADR - | American Depositary Receipt |
| plc - | Public Limited Company |
Diamond Hill Small-Mid Cap Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 96.3% | Shares | Fair Value | ||||||
| Communication Services - 1.3% | ||||||||
| Liberty Media Corp. - Liberty Formula One - Series C (a) | 315,262 | $ | 19,640,823 | |||||
| Consumer Discretionary - 11.9% | ||||||||
| BorgWarner, Inc. | 216,827 | 8,753,306 | ||||||
| CarMax, Inc. (a)(b) | 146,873 | 10,388,327 | ||||||
| Hanesbrands, Inc. (b) | 1,994,745 | 7,899,190 | ||||||
| Lear Corp. | 68,273 | 9,162,237 | ||||||
| NVR, Inc. (a) | 9,596 | 57,223,827 | ||||||
| Red Rock Resorts, Inc., Class A (b) | 1,722,132 | 70,607,412 | ||||||
| Vail Resorts, Inc. (b) | 57,024 | 12,653,055 | ||||||
| Wolverine World Wide, Inc. (b) | 854,748 | 6,889,269 | ||||||
| 183,576,623 | ||||||||
| Consumer Staples - 10.1% | ||||||||
| BellRing Brands, Inc. (a) | 199,431 | 8,222,540 | ||||||
| Cal-Maine Foods, Inc. (b) | 968,797 | 46,909,151 | ||||||
| Lancaster Colony Corp. | 229,838 | 37,930,165 | ||||||
| Post Holdings, Inc. (a)(b) | 728,734 | 62,481,653 | ||||||
| 155,543,509 | ||||||||
| Energy - 3.8% | ||||||||
| Civitas Resources, Inc. (b) | 215,880 | 17,458,216 | ||||||
| Coterra Energy, Inc. | 1,539,839 | 41,652,645 | ||||||
| 59,110,861 | ||||||||
| Financials - 18.6% | ||||||||
| Bank OZK | 488,425 | 18,105,915 | ||||||
| BankUnited, Inc. | 446,159 | 10,127,809 | ||||||
| BOK Financial Corp. (b) | 433,607 | 34,679,888 | ||||||
| Brighthouse Financial, Inc. (a) | 236,770 | 11,587,524 | ||||||
| Brown & Brown, Inc. | 134,035 | 9,361,004 | ||||||
| Enstar Group Ltd. (a)(b) | 65,278 | 15,797,276 | ||||||
| First Interstate BancSystem, Inc., Class A (b) | 312,465 | 7,792,877 | ||||||
| Live Oak Bancshares, Inc. (b) | 1,105,138 | 31,993,745 | ||||||
| Loews Corp. | 279,962 | 17,724,394 | ||||||
| Mr. Cooper Group, Inc. (a)(b) | 780,481 | 41,802,562 | ||||||
| RenaissanceRe Holdings Ltd. | 136,057 | 26,928,401 | ||||||
| Stifel Financial Corp. | 200,803 | 12,337,336 | ||||||
Diamond Hill Small-Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.3% (Continued) | Shares | Fair Value | ||||||
| Financials - 18.6% (Continued) | ||||||||
| Webster Financial Corp. | 1,182,211 | $ | 47,654,925 | |||||
| 285,893,656 | ||||||||
| Health Care - 3.1% | ||||||||
| Boston Scientific Corp. (a)(b) | 198,530 | 10,482,384 | ||||||
| Enovis Corp. (a) | 712,095 | 37,548,769 | ||||||
| 48,031,153 | ||||||||
| Industrials - 26.3% | ||||||||
| Alaska Air Group, Inc. (a)(b) | 342,076 | 12,684,178 | ||||||
| Allegiant Travel Co. (b) | 394,938 | 30,354,935 | ||||||
| Broadridge Financial Solutions, Inc. | 52,236 | 9,352,856 | ||||||
| Energy Recovery, Inc. (a)(b) | 753,983 | 15,991,979 | ||||||
| ESAB Corp. | 686,872 | 48,232,152 | ||||||
| First Advantage Corp. (b) | 1,747,435 | 24,097,129 | ||||||
| Gates Industrial Corp. plc (a) | 2,934,006 | 34,063,810 | ||||||
| Kirby Corp. (a) | 110,918 | 9,184,010 | ||||||
| Regal Rexnord Corp. | 321,270 | 45,903,058 | ||||||
| Sensata Technologies Holding plc (b) | 774,259 | 29,282,475 | ||||||
| SS&C Technologies Holdings, Inc. | 611,946 | 32,151,643 | ||||||
| WESCO International, Inc. | 608,643 | 87,535,036 | ||||||
| WNS Holdings Ltd. - ADR (a)(b) | 387,280 | 26,513,189 | ||||||
| 405,346,450 | ||||||||
| Information Technology - 5.2% | ||||||||
| Arrow Electronics, Inc. (a) | 104,890 | 13,136,424 | ||||||
| Ciena Corp. (a) | 704,806 | 33,309,132 | ||||||
| Progress Software Corp. (b) | 210,100 | 11,047,058 | ||||||
| Sanmina Corp. (a) | 416,822 | 22,625,098 | ||||||
| 80,117,712 | ||||||||
| Materials - 3.5% | ||||||||
| Ashland, Inc. | 666,024 | 54,400,840 | ||||||
| Real Estate - 11.0% | ||||||||
| CubeSmart | 1,270,096 | 48,428,761 | ||||||
| Douglas Emmett, Inc. (b) | 1,011,677 | 12,908,999 | ||||||
| Jones Lang LaSalle, Inc. (a) | 128,521 | 18,144,595 | ||||||
| Mid-America Apartment Communities, Inc. | 59,624 | 7,670,628 | ||||||
Diamond Hill Small-Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.3% (Continued) | Shares | Fair Value | ||||||
| Real Estate - 11.0% (Continued) | ||||||||
| Rayonier, Inc. | 1,038,473 | $ | 29,554,942 | |||||
| Ryman Hospitality Properties, Inc. | 302,524 | 25,194,199 | ||||||
| UDR, Inc. | 754,632 | 26,917,723 | ||||||
| 168,819,847 | ||||||||
| Utilities - 1.5% | ||||||||
| UGI Corp. | 972,987 | 22,378,701 | ||||||
| Total Common Stocks (Cost $1,230,992,771) | $ | 1,482,860,175 | ||||||
Diamond Hill Small-Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Registered Investment Companies - 6.9% | Shares | Fair Value | ||||||
| Diamond Hill Short Duration Securitized Bond Fund - Class Y (c) | 973,084 | $ | 9,302,684 | |||||
| State Street Institutional US Government Money Market Fund - Premier Class, 5.29% (d) | 46,575,892 | 46,575,892 | ||||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (d)(e) | 50,955,865 | 50,955,865 | ||||||
| Total Registered Investment Companies (Cost $107,247,029) | $ | 106,834,441 | ||||||
| Total Investment Securities - 103.2% (Cost $1,338,239,800) | $ | 1,589,694,616 | ||||||
| Liabilities in Excess of Other Assets - (3.2)% | (50,079,421 | ) | ||||||
| Net Assets - 100.0% | $ | 1,539,615,195 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $70,972,857. |
| (c) | Affiliated fund. |
| Value, December 31, 2022 | $ | 8,793,801 | ||
| Purchases | 375,639 | |||
| Change in Unrealized Appreciation (Depreciation) | 133,244 | |||
| Value, September 30, 2023 | $ | 9,302,684 | ||
| Income Distributions | $ | 375,639 |
| (d) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (e) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $21,178,396. |
| ADR - | American Depositary Receipt |
| plc - | Public Limited Company |
Diamond Hill Mid Cap Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 96.1% | Shares | Fair Value | ||||||
| Communication Services - 1.3% | ||||||||
| Liberty Media Corp. - Liberty Formula One - Series C (a) | 30,126 | $ | 1,876,850 | |||||
| Consumer Discretionary - 11.5% | ||||||||
| BorgWarner, Inc. | 16,456 | 664,329 | ||||||
| CarMax, Inc. (a) | 13,951 | 986,754 | ||||||
| Hanesbrands, Inc. (b) | 315,866 | 1,250,829 | ||||||
| Lear Corp. | 5,739 | 770,174 | ||||||
| NVR, Inc. (a) | 931 | 5,551,832 | ||||||
| Red Rock Resorts, Inc., Class A | 161,172 | 6,608,052 | ||||||
| Vail Resorts, Inc. | 4,707 | 1,044,436 | ||||||
| VF Corp. (b) | 7,300 | 128,991 | ||||||
| 17,005,397 | ||||||||
| Consumer Staples - 7.9% | ||||||||
| Archer-Daniels-Midland Co. | 19,456 | 1,467,372 | ||||||
| BellRing Brands, Inc. (a) | 21,093 | 869,664 | ||||||
| Lancaster Colony Corp. | 20,496 | 3,382,455 | ||||||
| Post Holdings, Inc. (a)(b) | 69,731 | 5,978,736 | ||||||
| 11,698,227 | ||||||||
| Energy - 2.5% | ||||||||
| Coterra Energy, Inc. | 135,086 | 3,654,076 | ||||||
| Financials - 17.9% | ||||||||
| Allstate Corp. (The) | 23,904 | 2,663,145 | ||||||
| American International Group, Inc. | 91,694 | 5,556,656 | ||||||
| Bank OZK | 43,386 | 1,608,319 | ||||||
| BOK Financial Corp. | 19,117 | 1,528,978 | ||||||
| Fidelity National Information Services, Inc. | 31,246 | 1,726,966 | ||||||
| Hartford Financial Services Group, Inc. (The) | 30,655 | 2,173,746 | ||||||
| Loews Corp. | 14,872 | 941,546 | ||||||
| Mr. Cooper Group, Inc. (a) | 57,314 | 3,069,738 | ||||||
| Stifel Financial Corp. | 13,454 | 826,614 | ||||||
| Webster Financial Corp. | 95,055 | 3,831,667 | ||||||
| Willis Towers Watson plc | 12,650 | 2,643,344 | ||||||
| 26,570,719 | ||||||||
Diamond Hill Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.1% (Continued) | Shares | Fair Value | ||||||
| Health Care - 4.7% | ||||||||
| Boston Scientific Corp. (a) | 66,831 | $ | 3,528,677 | |||||
| Enovis Corp. (a) | 64,622 | 3,407,518 | ||||||
| 6,936,195 | ||||||||
| Industrials - 24.8% | ||||||||
| Alaska Air Group, Inc. (a) | 40,279 | 1,493,545 | ||||||
| Allegiant Travel Co. | 21,861 | 1,680,236 | ||||||
| ESAB Corp. | 67,098 | 4,711,622 | ||||||
| Ferguson plc | 10,585 | 1,740,915 | ||||||
| Kirby Corp. (a) | 14,660 | 1,213,848 | ||||||
| L3Harris Technologies, Inc. | 13,527 | 2,355,321 | ||||||
| Parker-Hannifin Corp. | 15,004 | 5,844,358 | ||||||
| Regal Rexnord Corp. | 31,865 | 4,552,871 | ||||||
| Sensata Technologies Holding plc | 68,584 | 2,593,847 | ||||||
| SS&C Technologies Holdings, Inc. | 63,920 | 3,358,357 | ||||||
| WESCO International, Inc. | 50,023 | 7,194,308 | ||||||
| 36,739,228 | ||||||||
| Information Technology - 6.1% | ||||||||
| Arrow Electronics, Inc. (a) | 7,398 | 926,526 | ||||||
| Check Point Software Technologies Ltd. (a) | 25,188 | 3,357,057 | ||||||
| Ciena Corp. (a) | 67,539 | 3,191,893 | ||||||
| NXP Semiconductors NV | 7,948 | 1,588,964 | ||||||
| 9,064,440 | ||||||||
| Materials - 6.1% | ||||||||
| Ashland, Inc. | 54,981 | 4,490,848 | ||||||
| Freeport-McMoRan, Inc. | 122,738 | 4,576,900 | ||||||
| 9,067,748 | ||||||||
| Real Estate - 11.4% | ||||||||
| CubeSmart | 116,230 | 4,431,850 | ||||||
| Douglas Emmett, Inc. (b) | 20,607 | 262,945 | ||||||
| Extra Space Storage, Inc. | 9,144 | 1,111,728 | ||||||
| Jones Lang LaSalle, Inc. (a) | 11,275 | 1,591,804 | ||||||
| Mid-America Apartment Communities, Inc. | 8,474 | 1,090,180 | ||||||
| Rayonier, Inc. | 63,857 | 1,817,370 | ||||||
| Ryman Hospitality Properties, Inc. | 29,435 | 2,451,347 | ||||||
| SBA Communications Corp., Class A | 7,745 | 1,550,317 | ||||||
Diamond Hill Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.1% (Continued) | Shares | Fair Value | ||||||
| Real Estate - 11.4% (Continued) | ||||||||
| UDR, Inc. | 70,719 | $ | 2,522,547 | |||||
| 16,830,088 | ||||||||
| Utilities - 1.9% | ||||||||
| UGI Corp. | 120,011 | 2,760,253 | ||||||
| Total Common Stocks (Cost $101,127,600) | $ | 142,203,221 | ||||||
| Registered Investment Companies - 4.7% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 5.29% (c) | 5,579,630 | $ | 5,579,630 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (c)(d) | 1,343,216 | 1,343,216 | ||||||
| Total Registered Investment Companies (Cost $6,922,846) | $ | 6,922,846 | ||||||
| Total Investment Securities - 100.8% (Cost $108,050,446) | $ | 149,126,067 | ||||||
| Liabilities in Excess of Other Assets - (0.8)% | (1,168,965 | ) | ||||||
| Net Assets - 100.0% | $ | 147,957,102 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $1,485,049. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (d) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $153,083. |
| NV - | Naamloze Vennootschap |
| plc - | Public Limited Company |
Diamond Hill Large Cap Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 96.2% | Shares | Fair Value | ||||||
| Communication Services - 1.9% | ||||||||
| Alphabet, Inc., Class A (a) | 1,122,617 | $ | 146,905,661 | |||||
| Consumer Discretionary - 13.9% | ||||||||
| Amazon.com, Inc. (a) | 1,291,193 | 164,136,454 | ||||||
| BorgWarner, Inc. | 2,520,167 | 101,739,142 | ||||||
| CarMax, Inc. (a)(b) | 2,639,099 | 186,663,472 | ||||||
| General Motors Co. | 5,458,017 | 179,950,820 | ||||||
| Home Depot, Inc. (The) (b) | 509,015 | 153,803,972 | ||||||
| Lear Corp. | 824,228 | 110,611,398 | ||||||
| NVR, Inc. (a)(b) | 33,129 | 197,558,166 | ||||||
| 1,094,463,424 | ||||||||
| Consumer Staples - 4.5% | ||||||||
| PepsiCo, Inc. | 1,316,148 | 223,008,117 | ||||||
| Target Corp. | 1,209,859 | 133,774,110 | ||||||
| 356,782,227 | ||||||||
| Energy - 7.7% | ||||||||
| Chevron Corp. | 1,252,003 | 211,112,746 | ||||||
| ConocoPhillips | 2,770,645 | 331,923,271 | ||||||
| Diamondback Energy, Inc. | 420,661 | 65,151,976 | ||||||
| 608,187,993 | ||||||||
| Financials - 23.8% | ||||||||
| Allstate Corp. (The) (b) | 1,751,545 | 195,139,628 | ||||||
| American International Group, Inc. (b) | 5,954,016 | 360,813,369 | ||||||
| Bank of America Corp. | 8,451,801 | 231,410,311 | ||||||
| Berkshire Hathaway, Inc., Class B (a) | 329,619 | 115,465,536 | ||||||
| Hartford Financial Services Group, Inc. (The) | 1,452,547 | 103,000,108 | ||||||
| KKR & Co., Inc. (b) | 3,581,451 | 220,617,382 | ||||||
| Marsh & McLennan Cos., Inc. | 415,345 | 79,040,153 | ||||||
| Nasdaq, Inc. (b) | 2,407,559 | 116,983,292 | ||||||
| Truist Financial Corp. | 5,735,897 | 164,104,013 | ||||||
| Visa, Inc., Class A (b) | 498,961 | 114,766,020 | ||||||
| Wells Fargo & Co. (b) | 4,172,664 | 170,495,051 | ||||||
| 1,871,834,863 | ||||||||
| Health Care - 16.6% | ||||||||
| Abbott Laboratories | 2,463,020 | 238,543,487 | ||||||
Diamond Hill Large Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.2% (Continued) | Shares | Fair Value | ||||||
| Health Care - 16.6% (Continued) | ||||||||
| AbbVie, Inc. | 678,231 | $ | 101,097,113 | |||||
| Becton, Dickinson and Co. (b) | 546,524 | 141,292,850 | ||||||
| HCA Healthcare, Inc. | 773,831 | 190,346,949 | ||||||
| Humana, Inc. | 332,609 | 161,820,931 | ||||||
| Laboratory Corp. of America Holdings | 601,947 | 121,021,444 | ||||||
| Medtronic plc | 1,773,874 | 139,000,767 | ||||||
| Pfizer, Inc. | 3,101,372 | 102,872,509 | ||||||
| Stryker Corp. | 418,969 | 114,491,659 | ||||||
| 1,310,487,709 | ||||||||
| Industrials - 18.1% | ||||||||
| Carrier Global Corp. (b) | 1,527,233 | 84,303,261 | ||||||
| Caterpillar, Inc. | 707,702 | 193,202,646 | ||||||
| Deere & Co. | 351,714 | 132,729,829 | ||||||
| Ferguson plc | 477,410 | 78,519,623 | ||||||
| Honeywell International, Inc. | 597,259 | 110,337,628 | ||||||
| L3Harris Technologies, Inc. | 656,946 | 114,387,437 | ||||||
| Parker-Hannifin Corp. | 405,132 | 157,807,017 | ||||||
| Regal Rexnord Corp. | 788,143 | 112,609,872 | ||||||
| SS&C Technologies Holdings, Inc. | 2,944,806 | 154,720,107 | ||||||
| Union Pacific Corp. | 865,335 | 176,208,166 | ||||||
| Waste Management, Inc. | 735,889 | 112,178,919 | ||||||
| 1,427,004,505 | ||||||||
| Information Technology - 3.5% | ||||||||
| Microsoft Corp. | 233,228 | 73,641,741 | ||||||
| Texas Instruments, Inc. (b) | 1,245,954 | 198,119,145 | ||||||
| 271,760,886 | ||||||||
| Materials - 3.0% | ||||||||
| Freeport-McMoRan, Inc. | 3,788,746 | 141,282,338 | ||||||
| Martin Marietta Materials, Inc. | 230,638 | 94,672,286 | ||||||
| 235,954,624 | ||||||||
| Real Estate - 2.2% | ||||||||
| Extra Space Storage, Inc. | 653,015 | 79,393,564 | ||||||
| SBA Communications Corp., Class A | 478,499 | 95,781,145 | ||||||
| 175,174,709 | ||||||||
Diamond Hill Large Cap Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.2% (Continued) | Shares | Fair Value | ||||||
| Utilities - 1.0% | ||||||||
| Dominion Energy, Inc. | 1,850,828 | $ | 82,676,487 | |||||
| Total Common Stocks (Cost $6,271,947,169) | $ | 7,581,233,088 | ||||||
| Registered Investment Companies - 5.9% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 5.29% (c) | 218,182,725 | $ | 218,182,725 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (c)(d) | 247,990,228 | 247,990,228 | ||||||
| Total Registered Investment Companies (Cost $466,172,953) | $ | 466,172,953 | ||||||
| Total Investment Securities - 102.1% (Cost $6,738,120,122) | $ | 8,047,406,041 | ||||||
| Liabilities in Excess of Other Assets - (2.1)% | (168,997,871 | ) | ||||||
| Net Assets - 100.0% | $ | 7,878,408,170 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $237,638,512. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (d) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $1,763,487. |
| plc - | Public Limited Company |
Diamond Hill Large Cap Concentrated Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 96.7% | Shares | Fair Value | ||||||
| Communication Services - 4.0% | ||||||||
| Alphabet, Inc., Class A (a) | 7,846 | $ | 1,026,728 | |||||
| Consumer Discretionary - 16.9% | ||||||||
| Amazon.com, Inc. (a) | 8,076 | 1,026,621 | ||||||
| General Motors Co. | 36,382 | 1,199,515 | ||||||
| Home Depot, Inc. (The) | 3,217 | 972,049 | ||||||
| NVR, Inc. (a) | 200 | 1,192,660 | ||||||
| 4,390,845 | ||||||||
| Consumer Staples - 5.2% | ||||||||
| PepsiCo, Inc. | 7,982 | 1,352,470 | ||||||
| Energy - 7.6% | ||||||||
| ConocoPhillips | 16,551 | 1,982,810 | ||||||
| Financials - 23.0% | ||||||||
| Allstate Corp. (The) | 11,134 | 1,240,439 | ||||||
| American International Group, Inc. | 38,802 | 2,351,401 | ||||||
| Bank of America Corp. | 39,817 | 1,090,189 | ||||||
| KKR & Co., Inc. | 21,049 | 1,296,618 | ||||||
| 5,978,647 | ||||||||
| Health Care - 14.5% | ||||||||
| Abbott Laboratories | 14,540 | 1,408,199 | ||||||
| HCA Healthcare, Inc. | 4,892 | 1,203,334 | ||||||
| Humana, Inc. | 2,368 | 1,152,079 | ||||||
| 3,763,612 | ||||||||
| Industrials - 17.4% | ||||||||
| Caterpillar, Inc. | 4,811 | 1,313,403 | ||||||
| Parker-Hannifin Corp. | 2,753 | 1,072,349 | ||||||
| SS&C Technologies Holdings, Inc. | 19,108 | 1,003,934 | ||||||
| Union Pacific Corp. | 5,568 | 1,133,812 | ||||||
| 4,523,498 | ||||||||
| Information Technology - 4.7% | ||||||||
| Texas Instruments, Inc. | 7,741 | 1,230,896 | ||||||
Diamond Hill Large Cap Concentrated Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.7% (Continued) | Shares | Fair Value | ||||||
| Materials - 3.4% | ||||||||
| Freeport-McMoRan, Inc. | 23,640 | $ | 881,536 | |||||
| Total Common Stocks (Cost $23,574,346) | $ | 25,131,042 | ||||||
| Registered Investment Companies - 3.3% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (b) (Cost $858,520) | 858,344 | $ | 858,602 | |||||
| Total Investment Securities - 100.0% (Cost $24,432,866) | $ | 25,989,644 | ||||||
| Other Assets in Excess of Liabilities - 0.0% (c) | 5,762 | |||||||
| Net Assets - 100.0% | $ | 25,995,406 | ||||||
| (a) | Non-income producing security. |
| (b) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (c) | Percentage rounds to less than 0.1%. |
Diamond Hill Select Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 96.7% | Shares | Fair Value | ||||||
| Communication Services - 2.1% | ||||||||
| Alphabet, Inc., Class A (a) | 63,367 | $ | 8,292,206 | |||||
| Consumer Discretionary - 20.2% | ||||||||
| Amazon.com, Inc. (a) | 98,257 | 12,490,430 | ||||||
| CarMax, Inc. (a) | 237,533 | 16,800,709 | ||||||
| General Motors Co. | 468,961 | 15,461,644 | ||||||
| Lear Corp. | 78,433 | 10,525,709 | ||||||
| Red Rock Resorts, Inc., Class A | 623,708 | 25,572,028 | ||||||
| 80,850,520 | ||||||||
| Consumer Staples - 7.6% | ||||||||
| Lancaster Colony Corp. | 42,849 | 7,071,370 | ||||||
| SunOpta, Inc. (a)(b) | 3,161,928 | 10,655,697 | ||||||
| Target Corp. | 116,410 | 12,871,454 | ||||||
| 30,598,521 | ||||||||
| Financials - 27.7% | ||||||||
| Allstate Corp. (The) | 161,278 | 17,967,982 | ||||||
| American International Group, Inc. | 423,952 | 25,691,491 | ||||||
| Bank of America Corp. | 442,718 | 12,121,619 | ||||||
| KKR & Co., Inc. | 209,939 | 12,932,242 | ||||||
| Mr. Cooper Group, Inc. (a) | 630,537 | 33,771,562 | ||||||
| Webster Financial Corp. | 203,212 | 8,191,476 | ||||||
| 110,676,372 | ||||||||
| Health Care - 6.2% | ||||||||
| Enovis Corp. (a) | 245,513 | 12,945,900 | ||||||
| Humana, Inc. | 24,275 | 11,810,273 | ||||||
| 24,756,173 | ||||||||
| Industrials - 24.6% | ||||||||
| Cimpress plc (a)(b) | 342,083 | 23,949,231 | ||||||
| ESAB Corp. | 142,507 | 10,006,842 | ||||||
| Regal Rexnord Corp. | 101,515 | 14,504,463 | ||||||
| SS&C Technologies Holdings, Inc. | 248,630 | 13,063,020 | ||||||
| Union Pacific Corp. | 62,689 | 12,765,361 | ||||||
| WESCO International, Inc. | 168,367 | 24,214,542 | ||||||
| 98,503,459 | ||||||||
Diamond Hill Select Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.7% (Continued) | Shares | Fair Value | ||||||
| Information Technology - 2.6% | ||||||||
| Texas Instruments, Inc. | 64,797 | $ | 10,303,371 | |||||
| Materials - 4.2% | ||||||||
| Ashland, Inc. | 203,507 | 16,622,452 | ||||||
| Real Estate - 1.5% | ||||||||
| Extra Space Storage, Inc. | 49,760 | 6,049,821 | ||||||
| Total Common Stocks (Cost $308,592,049) | $ | 386,652,895 | ||||||
| Registered Investment Companies - 5.9% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (c) | 14,614,744 | $ | 14,619,129 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (c)(d) | 9,156,230 | 9,156,230 | ||||||
| Total Registered Investment Companies (Cost $23,774,003) | $ | 23,775,359 | ||||||
| Total Investment Securities - 102.6% (Cost $332,366,052) | $ | 410,428,254 | ||||||
| Liabilities in Excess of Other Assets - (2.6)% | (10,501,976 | ) | ||||||
| Net Assets - 100.0% | $ | 399,926,278 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $10,098,443. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (d) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $1,384,315. |
| plc - | Public Limited Company |
Diamond Hill Long-Short Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 85.6% | Shares | Fair Value | ||||||
| Communication Services - 11.9% | ||||||||
| Alphabet, Inc., Class A (a) | 544,955 | $ | 71,312,811 | |||||
| Comcast Corp., Class A | 363,204 | 16,104,465 | ||||||
| Meta Platforms, Inc., Class A (a) | 223,239 | 67,018,580 | ||||||
| Verizon Communications, Inc. | 691,355 | 22,406,816 | ||||||
| Walt Disney Co. (The) (a)(b) | 333,119 | 26,999,295 | ||||||
| 203,841,967 | ||||||||
| Consumer Discretionary - 3.2% | ||||||||
| Booking Holdings, Inc. (a)(c) | 2,203 | 6,793,942 | ||||||
| BorgWarner, Inc. (b) | 192,450 | 7,769,207 | ||||||
| Lear Corp. | 180,400 | 24,209,680 | ||||||
| TJX Cos., Inc. (The) | 180,176 | 16,014,043 | ||||||
| 54,786,872 | ||||||||
| Consumer Staples - 4.5% | ||||||||
| Archer-Daniels-Midland Co. | 174,016 | 13,124,287 | ||||||
| Constellation Brands, Inc., Class A (b) | 101,434 | 25,493,407 | ||||||
| Mondelez International, Inc., Class A (b) | 121,630 | 8,441,122 | ||||||
| Target Corp. | 273,885 | 30,283,464 | ||||||
| 77,342,280 | ||||||||
| Energy - 4.3% | ||||||||
| Chevron Corp. | 255,509 | 43,083,928 | ||||||
| Coterra Energy, Inc. | 1,151,653 | 31,152,214 | ||||||
| 74,236,142 | ||||||||
| Financials - 23.5% | ||||||||
| Allstate Corp. (The) | 329,080 | 36,662,803 | ||||||
| American International Group, Inc. | 1,119,175 | 67,822,005 | ||||||
| Bank of America Corp. (c) | 982,690 | 26,906,052 | ||||||
| Berkshire Hathaway, Inc., Class B (a) | 92,454 | 32,386,636 | ||||||
| Citigroup, Inc. (c) | 974,741 | 40,091,097 | ||||||
| Fidelity National Information Services, Inc. | 572,406 | 31,636,880 | ||||||
| Hartford Financial Services Group, Inc. (The) (b) | 253,421 | 17,970,083 | ||||||
| KKR & Co., Inc. (b) | 747,078 | 46,020,005 | ||||||
| Morgan Stanley (b) | 202,252 | 16,517,921 | ||||||
| Truist Financial Corp. (b)(c) | 961,289 | 27,502,478 | ||||||
| Visa, Inc., Class A | 113,167 | 26,029,542 | ||||||
Diamond Hill Long-Short Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 85.6% (Continued) | Shares | Fair Value | ||||||
| Financials - 23.5% (Continued) | ||||||||
| Wells Fargo & Co. (b)(c) | 809,808 | $ | 33,088,755 | |||||
| 402,634,257 | ||||||||
| Health Care - 14.3% | ||||||||
| Abbott Laboratories | 269,012 | 26,053,812 | ||||||
| Becton, Dickinson and Co. (b) | 68,227 | 17,638,726 | ||||||
| CVS Health Corp. | 302,849 | 21,144,917 | ||||||
| Enovis Corp. (a)(b) | 438,637 | 23,129,329 | ||||||
| HCA Healthcare, Inc. | 127,681 | 31,406,972 | ||||||
| Humana, Inc. | 81,125 | 39,468,935 | ||||||
| Laboratory Corp. of America Holdings (b) | 106,269 | 21,365,382 | ||||||
| Medtronic plc | 380,029 | 29,779,072 | ||||||
| Perrigo Co. plc (b) | 601,849 | 19,229,076 | ||||||
| Pfizer, Inc. (b) | 479,375 | 15,900,869 | ||||||
| 245,117,090 | ||||||||
| Industrials - 12.3% | ||||||||
| Alaska Air Group, Inc. (a)(b) | 370,728 | 13,746,594 | ||||||
| ESAB Corp. (b) | 182,180 | 12,792,680 | ||||||
| Johnson Controls International plc (b) | 354,685 | 18,872,789 | ||||||
| Kirby Corp. (a) | 155,138 | 12,845,426 | ||||||
| L3Harris Technologies, Inc. | 129,560 | 22,558,987 | ||||||
| Parker-Hannifin Corp. (b) | 96,221 | 37,480,004 | ||||||
| Sensata Technologies Holding plc | 554,198 | 20,959,768 | ||||||
| SS&C Technologies Holdings, Inc. | 645,584 | 33,918,983 | ||||||
| WNS Holdings Ltd. - ADR (a) | 551,929 | 37,785,059 | ||||||
| 210,960,290 | ||||||||
| Information Technology - 7.9% | ||||||||
| Ciena Corp. (a)(b)(c) | 798,580 | 37,740,891 | ||||||
| Microsoft Corp. (c) | 172,477 | 54,459,613 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR (b) | 244,020 | 21,205,338 | ||||||
| Texas Instruments, Inc. (b) | 136,676 | 21,732,851 | ||||||
| 135,138,693 | ||||||||
| Materials - 2.2% | ||||||||
| Ashland, Inc. | 185,274 | 15,133,180 | ||||||
| Freeport-McMoRan, Inc. (b) | 603,024 | 22,486,765 | ||||||
| 37,619,945 | ||||||||
Diamond Hill Long-Short Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 85.6% (Continued) | Shares | Fair Value | ||||||
| Utilities - 1.5% | ||||||||
| Dominion Energy, Inc. (b) | 568,790 | $ | 25,407,849 | |||||
| Total Common Stocks (Cost $1,015,834,771) | $ | 1,467,085,385 | ||||||
| Treasury - 6.9% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Notes | 2.000 | % | 06/30/24 | $ | 40,000,000 | $ | 38,982,812 | |||||||||
| U.S. Treasury Notes | 3.000 | % | 06/30/24 | 40,000,000 | 39,271,875 | |||||||||||
| U.S. Treasury Notes | 3.000 | % | 07/31/24 | 40,000,000 | 39,185,938 | |||||||||||
| Total Treasury (Cost $118,775,581) | $ | 117,440,625 | ||||||||||||||
| Registered Investment Companies - 13.6% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (d) | 118,673,251 | $ | 118,708,853 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (d)(e) | 114,376,198 | 114,376,198 | ||||||
| Total Registered Investment Companies (Cost $233,072,752) | $ | 233,085,051 | ||||||
| Total Investment Securities - 106.1% (Cost $1,367,683,104) | $ | 1,817,611,061 | ||||||
| Segregated Cash With Custodian - 29.2% | 500,852,914 | |||||||
| Investments Sold Short - (28.6)% (Proceeds $546,829,014) | (489,296,373 | ) | ||||||
| Liabilities in Excess of Other Assets - (6.7)% | (115,357,461 | ) | ||||||
| Net Assets - 100.0% | $ | 1,713,810,141 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $111,963,822. |
| (c) | All or a portion of the shares have been pledged as collateral for open short positions. |
| (d) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (e) | This security was purchased using cash collateral held from securities on loan. |
| ADR - | American Depositary Receipt |
| plc - | Public Limited Company |
Diamond Hill Long-Short Fund
Schedule of Investments Sold Short
September 30, 2023 (Unaudited)
| Common Stocks - 28.6% | Shares | Fair Value | ||||||
| Communication Services - 0.2% | ||||||||
| Cogent Communications Holdings, Inc. | 40,165 | $ | 2,486,214 | |||||
| Consumer Discretionary - 7.5% | ||||||||
| Acushnet Holdings Corp. | 344,585 | 18,276,788 | ||||||
| Best Buy Co., Inc. | 74,751 | 5,192,952 | ||||||
| Canada Goose Holdings, Inc. | 791,115 | 11,597,746 | ||||||
| Choice Hotels International, Inc. | 148,635 | 18,209,274 | ||||||
| Dick's Sporting Goods, Inc. | 81,686 | 8,869,466 | ||||||
| Etsy, Inc. | 90,925 | 5,871,937 | ||||||
| GameStop Corp., Class A | 496,170 | 8,166,958 | ||||||
| Garmin Ltd. | 130,260 | 13,703,352 | ||||||
| Grand Canyon Education, Inc. | 107,255 | 12,535,964 | ||||||
| SeaWorld Entertainment, Inc. | 173,730 | 8,035,013 | ||||||
| Shake Shack, Inc., Class A | 147,807 | 8,583,152 | ||||||
| Tesla, Inc. | 39,657 | 9,922,975 | ||||||
| 128,965,577 | ||||||||
| Consumer Staples - 4.4% | ||||||||
| Brown-Forman Corp., Class B | 305,110 | 17,601,796 | ||||||
| Clorox Co. (The) | 87,165 | 11,423,845 | ||||||
| e.l.f. Beauty, Inc. | 75,525 | 8,294,911 | ||||||
| J.M. Smucker Co. (The) | 80,310 | 9,870,902 | ||||||
| WD-40 Co. | 137,938 | 28,034,519 | ||||||
| 75,225,973 | ||||||||
| Financials - 2.5% | ||||||||
| Bank of Hawaii Corp. | 165,905 | 8,243,819 | ||||||
| Blackstone Mortgage Trust, Inc., Class A | 172,600 | 3,754,050 | ||||||
| Commerce Bancshares, Inc. | 357,395 | 17,147,812 | ||||||
| First Financial Bankshares, Inc. | 169,896 | 4,267,788 | ||||||
| Palomar Holdings, Inc. | 176,935 | 8,979,451 | ||||||
| 42,392,920 | ||||||||
| Health Care - 1.6% | ||||||||
| AMN Healthcare Services, Inc. | 83,015 | 7,071,218 | ||||||
| CONMED Corp. | 62,640 | 6,317,244 | ||||||
| Penumbra, Inc. | 60,245 | 14,573,868 | ||||||
| 27,962,330 | ||||||||
Diamond Hill Long-Short Fund
Schedule of Investments Sold Short (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 28.6% (Continued) | Shares | Fair Value | ||||||
| Industrials - 3.9% | ||||||||
| Avis Budget Group, Inc. | 28,815 | $ | 5,177,767 | |||||
| CBIZ, Inc. | 158,455 | 8,223,814 | ||||||
| Cintas Corp. | 12,484 | 6,004,929 | ||||||
| Mueller Industries, Inc. | 168,815 | 12,688,135 | ||||||
| Robert Half, Inc. | 133,355 | 9,772,254 | ||||||
| United Parcel Service, Inc., Class B | 129,770 | 20,227,250 | ||||||
| W.W. Grainger, Inc. | 6,175 | 4,272,112 | ||||||
| 66,366,261 | ||||||||
| Information Technology - 6.8% | ||||||||
| Alarm.com Holdings, Inc. | 337,425 | 20,630,164 | ||||||
| Asana, Inc., Class A | 554,910 | 10,160,402 | ||||||
| Badger Meter, Inc. | 129,974 | 18,699,359 | ||||||
| F5, Inc. | 34,682 | 5,588,657 | ||||||
| International Business Machines Corp. | 157,330 | 22,073,399 | ||||||
| NetScout Systems, Inc. | 189,485 | 5,309,370 | ||||||
| Oracle Corp. | 93,995 | 9,955,950 | ||||||
| Teradata Corp. | 544,085 | 24,494,707 | ||||||
| 116,912,008 | ||||||||
| Materials - 0.3% | ||||||||
| Silgan Holdings, Inc. | 127,370 | 5,490,921 | ||||||
| Utilities - 1.4% | ||||||||
| Ormat Technologies, Inc. | 336,015 | 23,494,169 | ||||||
| Total Investments Sold Short - 28.6% (Proceeds $546,829,014) | $ | 489,296,373 | ||||||
Percentages disclosed are based on total net assets of the Fund at September 30, 2023.
Diamond Hill International Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Common Stocks - 96.3% | Shares | Fair Value | ||||||
| Brazil - 1.5% | ||||||||
| Ambev SA | 383,854 | $ | 1,001,903 | |||||
| Canada - 8.6% | ||||||||
| Canadian Natural Resources Ltd. (a) | 26,428 | 1,709,150 | ||||||
| Capstone Copper Corp. (a)(b) | 35,033 | 148,567 | ||||||
| Cenovus Energy, Inc. (a) | 20,178 | 420,127 | ||||||
| Fairfax Financial Holdings Ltd. | 2,974 | 2,427,761 | ||||||
| First Quantum Minerals Ltd. (a) | 7,073 | 167,108 | ||||||
| Imperial Oil Ltd. (a) | 11,416 | 703,162 | ||||||
| 5,575,875 | ||||||||
| China - 4.1% | ||||||||
| Alibaba Group Holding Ltd. (b) | 80,200 | 869,567 | ||||||
| Fu Shou Yuan International Group Ltd. | 860,000 | 597,850 | ||||||
| Tencent Holdings Ltd. | 31,500 | 1,221,097 | ||||||
| 2,688,514 | ||||||||
| Finland - 1.0% | ||||||||
| Konecranes OYJ | 19,193 | 636,200 | ||||||
| France - 3.6% | ||||||||
| Safran SA | 9,558 | 1,497,748 | ||||||
| Ubisoft Entertainment SA (b) | 25,840 | 837,348 | ||||||
| 2,335,096 | ||||||||
| Germany - 2.6% | ||||||||
| Vitesco Technologies Group AG (b) | 20,727 | 1,677,297 | ||||||
| India - 3.8% | ||||||||
| Fusion Micro Finance Ltd. (b) | 39,288 | 280,699 | ||||||
| HDFC Bank Ltd. - ADR | 37,555 | 2,216,121 | ||||||
| 2,496,820 | ||||||||
| Ireland - 1.3% | ||||||||
| ICON plc (b) | 3,449 | 849,316 | ||||||
| Israel - 2.6% | ||||||||
| Check Point Software Technologies Ltd. (b) | 12,796 | 1,705,451 | ||||||
Diamond Hill International Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.3% (Continued) | Shares | Fair Value | ||||||
| Italy - 0.7% | ||||||||
| doValue SpA | 124,556 | $ | 485,249 | |||||
| Japan - 4.8% | ||||||||
| Astellas Pharma, Inc. | 99,400 | 1,375,849 | ||||||
| Japan Petroleum Exploration Co. Ltd. | 33,500 | 1,255,357 | ||||||
| Shionogi & Co. Ltd. | 11,700 | 521,869 | ||||||
| 3,153,075 | ||||||||
| Korea (Republic of) - 3.2% | ||||||||
| Samsung Electronics Co. Ltd. | 41,071 | 2,072,638 | ||||||
| Mexico - 3.1% | ||||||||
| Fomento Economico Mexicano SAB de CV (a) | 125,842 | 1,371,549 | ||||||
| Wal-Mart de Mexico SAB de CV | 173,550 | 654,932 | ||||||
| 2,026,481 | ||||||||
| Netherlands - 4.4% | ||||||||
| EXOR NV (a) | 22,166 | 1,960,449 | ||||||
| uniQure NV (a)(b) | 24,908 | 167,133 | ||||||
| Universal Music Group NV (a) | 27,153 | 708,552 | ||||||
| 2,836,134 | ||||||||
| Peru - 1.4% | ||||||||
| Credicorp Ltd. | 7,126 | 911,914 | ||||||
| Poland - 1.8% | ||||||||
| Dino Polska SA (b) | 14,841 | 1,202,892 | ||||||
| Sweden - 4.0% | ||||||||
| Assa Abloy AB, Class B | 67,144 | 1,459,024 | ||||||
| Epiroc AB, Class B | 72,601 | 1,161,484 | ||||||
| 2,620,508 | ||||||||
| Switzerland - 12.0% | ||||||||
| Compagnie Financiere Richemont SA, Class A | 11,273 | 1,372,803 | ||||||
| Nestlé SA | 15,049 | 1,703,412 | ||||||
| Novartis AG - ADR (a) | 20,129 | 2,050,340 | ||||||
| Roche Holdings AG | 5,119 | 1,397,432 | ||||||
Diamond Hill International Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Common Stocks - 96.3% (Continued) | Shares | Fair Value | ||||||
| Switzerland - 12.0% (Continued) | ||||||||
| Swatch Group AG (The) | 5,037 | $ | 1,290,031 | |||||
| 7,814,018 | ||||||||
| Taiwan Province of China - 1.1% | ||||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 8,567 | 744,472 | ||||||
| United Kingdom - 22.8% | ||||||||
| Ashmore Group plc | 573,812 | 1,309,815 | ||||||
| Beazley plc | 109,196 | 734,217 | ||||||
| Bunzl plc | 45,397 | 1,616,650 | ||||||
| Compass Group plc | 68,706 | 1,672,301 | ||||||
| Diageo plc | 39,211 | 1,445,539 | ||||||
| GSK plc | 65,395 | 1,183,164 | ||||||
| Howden Joinery Group plc | 170,528 | 1,525,704 | ||||||
| Smith & Nephew plc | 113,864 | 1,413,023 | ||||||
| Tesco plc | 612,935 | 1,971,365 | ||||||
| Unilever plc | 40,012 | 1,980,785 | ||||||
| 14,852,563 | ||||||||
| United States - 7.9% | ||||||||
| Aurinia Pharmaceuticals, Inc. (a)(b) | 28,574 | 222,020 | ||||||
| Energy Recovery, Inc. (b) | 30,516 | 647,244 | ||||||
| Ferguson plc | 6,427 | 1,057,622 | ||||||
| Freeport-McMoRan, Inc. | 19,334 | 720,965 | ||||||
| Spotify Technology SA (b) | 16,224 | 2,508,879 | ||||||
| 5,156,730 | ||||||||
| Total Common Stocks (Cost $64,848,317) | $ | 62,843,146 | ||||||
| Warrants - 0.0% (c) | Shares | Fair Value | ||||||
| Switzerland - 0.0%(c) | ||||||||
| Compagnie Financiere Richemont SA (Cost $0) (b) | 8,320 | $ | 6,179 | |||||
Diamond Hill International Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Registered Investment Companies - 10.2% (Continued) | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (d) | 3,826,877 | $ | 3,828,025 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (d)(e) | 2,811,244 | 2,811,244 | ||||||
| Total Registered Investment Companies (Cost $6,638,880) | $ | 6,639,269 | ||||||
| Total Investment Securities - 106.5% (Cost $71,487,197) | $ | 69,488,594 | ||||||
| Liabilities in Excess of Other Assets - (6.5)% | (4,250,293 | ) | ||||||
| Net Assets - 100.0% | $ | 65,238,301 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $2,937,457. |
| (b) | Non-income producing security. |
| (c) | Percentage rounds to less than 0.1%. |
| (d) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (e) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $287,986. |
| AB - | Aktiebolag |
| ADR - | American Depositary Receipt |
| AG - | Aktiengesellschaft |
| NV - | Naamloze Vennootschap |
| OYJ - | Julkinen Osakeyhtio |
| plc - | Public Limited Company |
| SA - | Societe Anonyme |
| SAB de CV- | Societe Anonima Bursatil de Capital Variable |
| SpA - | Societa per Azioni |
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Corporate Credit - 4.7% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 2.8% | ||||||||||||||||
| American Express Co. | 2.550 | % | 03/04/27 | $ | 500,000 | $ | 450,810 | |||||||||
| Bank of America Corp. (1* TSFR3M + 90) (a) | 2.015 | % | 02/13/26 | 6,600,000 | 6,210,156 | |||||||||||
| Bank of America Corp. (1* SOFR + 115) (a)(b) | 1.319 | % | 06/19/26 | 776,000 | 711,650 | |||||||||||
| Capital One Financial Corp. (a) | 1.343 | % | 12/06/24 | 1,700,000 | 1,679,481 | |||||||||||
| Capital One Financial Corp. | 2.636 | % | 03/03/26 | 1,000,000 | 943,768 | |||||||||||
| Citigroup, Inc. (1* SOFR + 53) (a) | 1.281 | % | 11/03/25 | 2,750,000 | 2,597,266 | |||||||||||
| Discover Bank | 3.450 | % | 07/27/26 | 801,000 | 728,457 | |||||||||||
| Discover Financial Services | 3.750 | % | 03/04/25 | 1,949,000 | 1,871,457 | |||||||||||
| Fifth Third Bancorp | 1.707 | % | 11/01/27 | 1,200,000 | 1,036,748 | |||||||||||
| Goldman Sachs Group, Inc. | 1.217 | % | 12/06/23 | 1,000,000 | 991,713 | |||||||||||
| Goldman Sachs Group, Inc. (a) | 0.925 | % | 10/21/24 | 5,000,000 | 4,960,505 | |||||||||||
| Huntington National Bank | 5.699 | % | 11/18/25 | 1,300,000 | 1,270,635 | |||||||||||
| JPMorgan Chase & Co. | 0.768 | % | 08/09/25 | 3,000,000 | 2,857,452 | |||||||||||
| JPMorgan Chase & Co. | 1.561 | % | 12/10/25 | 3,700,000 | 3,496,803 | |||||||||||
| JPMorgan Chase & Co. (b) | 1.470 | % | 09/22/27 | 1,600,000 | 1,401,738 | |||||||||||
| Morgan Stanley (a) | 0.791 | % | 01/22/25 | 3,800,000 | 3,726,432 | |||||||||||
| Morgan Stanley | 0.790 | % | 05/30/25 | 2,000,000 | 1,921,081 | |||||||||||
| Royal Bank of Canada | 0.750 | % | 10/07/24 | 2,000,000 | 1,897,362 | |||||||||||
| Royal Bank of Canada | 4.950 | % | 04/25/25 | 900,000 | 886,966 | |||||||||||
| Toronto-Dominion Bank (The) | 0.700 | % | 09/10/24 | 900,000 | 857,124 | |||||||||||
| Toronto-Dominion Bank (The) | 1.250 | % | 12/13/24 | 500,000 | 473,344 | |||||||||||
| Truist Financial Corp. | 5.602 | % | 06/09/25 | 800,000 | 782,231 | |||||||||||
| Wells Fargo & Co. (1* SOFR + 200) (a) | 2.188 | % | 04/30/26 | 1,675,000 | 1,572,714 | |||||||||||
| 43,325,893 | ||||||||||||||||
| Communications - 0.0% (c) | ||||||||||||||||
| Fox Corp. | 4.030 | % | 01/25/24 | 450,000 | 446,809 | |||||||||||
| Consumer Cyclical - 0.4% | ||||||||||||||||
| General Motors Financial Co. | 1.250 | % | 01/08/26 | 3,700,000 | 3,306,965 | |||||||||||
| Honda Motor Co. | 2.271 | % | 03/10/25 | 900,000 | 857,629 | |||||||||||
| Hyundai Capital America (d) | 5.650 | % | 06/26/26 | 900,000 | 892,335 | |||||||||||
| Mercedes-Benz Financing (d) | 2.700 | % | 06/14/24 | 1,000,000 | 978,516 | |||||||||||
| 6,035,445 | ||||||||||||||||
| Consumer Non-Cyclical - 0.2% | ||||||||||||||||
| Baxter International, Inc. | 0.868 | % | 12/01/23 | 1,800,000 | 1,785,698 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 4.7% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Consumer Non-Cyclical - 0.2% (Continued) | ||||||||||||||||
| Mondelez International, Inc. (d) | 0.750 | % | 09/24/24 | $ | 300,000 | $ | 285,436 | |||||||||
| Pfizer, Inc. | 4.450 | % | 05/19/26 | 900,000 | 879,217 | |||||||||||
| 2,950,351 | ||||||||||||||||
| Electric - 0.2% | ||||||||||||||||
| DTE Energy Co. | 1.050 | % | 06/01/25 | 500,000 | 461,249 | |||||||||||
| WEC Energy Group, Inc. | 0.800 | % | 03/15/24 | 2,750,000 | 2,685,438 | |||||||||||
| 3,146,687 | ||||||||||||||||
| Energy - 0.2% | ||||||||||||||||
| Devon Energy Corp. | 5.250 | % | 09/15/24 | 1,000,000 | 992,402 | |||||||||||
| Energy Transfer Operating, LP | 4.500 | % | 04/15/24 | 925,000 | 917,070 | |||||||||||
| Energy Transfer Operating, LP | 5.500 | % | 06/01/27 | 1,000,000 | 984,298 | |||||||||||
| TransCanada Pipeline Ltd. | 1.000 | % | 10/12/24 | 750,000 | 712,486 | |||||||||||
| 3,606,256 | ||||||||||||||||
| Insurance - 0.8% | ||||||||||||||||
| Athene Global Funding (d) | 2.500 | % | 01/14/25 | 1,450,000 | 1,370,383 | |||||||||||
| Equitable Financial Life (d) | 1.100 | % | 11/12/24 | 3,050,000 | 2,879,619 | |||||||||||
| Met Life Global Funding I (d) | 0.700 | % | 09/27/24 | 1,200,000 | 1,140,342 | |||||||||||
| New York Life Global Funding (d) | 0.900 | % | 10/29/24 | 800,000 | 757,994 | |||||||||||
| Principal Life Global Funding II (d) | 0.750 | % | 08/23/24 | 1,265,000 | 1,205,659 | |||||||||||
| Protective Life Global Funding (d) | 0.473 | % | 01/12/24 | 2,945,000 | 2,901,254 | |||||||||||
| Protective Life Global Funding (d) | 0.781 | % | 07/05/24 | 1,700,000 | 1,633,600 | |||||||||||
| 11,888,851 | ||||||||||||||||
| Technology - 0.0% (c) | ||||||||||||||||
| Dell International, LLC / EMC Corp. | 4.900 | % | 10/01/26 | 300,000 | 292,696 | |||||||||||
| Transportation - 0.1% | ||||||||||||||||
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A (d) | 4.800 | % | 02/15/29 | 382,418 | 366,685 | |||||||||||
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200 | % | 12/15/29 | 1,394,000 | 1,253,834 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 4.7% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Transportation - 0.1% (Continued) | ||||||||||||||||
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875 | % | 04/15/29 | $ | 819,400 | $ | 812,401 | |||||||||
| 2,432,920 | ||||||||||||||||
| Total Corporate Credit (Cost $76,419,611) | $ | 74,125,908 | ||||||||||||||
| Securitized - 81.8% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 5.0% | ||||||||||||||||
| BXG Receivables Note Trust, Series 2018-A, Class C (d) | 4.440 | % | 02/02/34 | $ | 491,407 | $ | 464,145 | |||||||||
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B (d) | 1.830 | % | 03/20/41 | 3,588,000 | 3,064,507 | |||||||||||
| Diamond Resorts Owner Trust, Series 2019-1, Class B (d) | 3.530 | % | 02/20/32 | 178,105 | 178,009 | |||||||||||
| Diamond Resorts Owner Trust, Series 2019-1A, Class D (d) | 5.250 | % | 02/20/32 | 350,511 | 350,373 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class B (d) | 2.050 | % | 11/21/33 | 1,052,588 | 969,123 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class C (d) | 2.700 | % | 11/21/33 | 565,390 | 517,401 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class D (d) | 3.830 | % | 11/21/33 | 300,739 | 271,386 | |||||||||||
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A (a)(d) | 4.450 | % | 01/25/26 | 8,850,000 | 7,663,001 | |||||||||||
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A (a)(d) | 3.620 | % | 07/25/26 | 9,900,000 | 8,118,050 | |||||||||||
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A (d) | 3.850 | % | 10/25/26 | 14,280,000 | 11,718,389 | |||||||||||
| FMC GMSR Issuer Trust, Series 2022-GT2, Class A (d) | 7.900 | % | 07/25/27 | 4,850,000 | 4,761,987 | |||||||||||
| Gold Key Resorts, LLC, Series 2014-A, Class A (d) | 3.220 | % | 03/17/31 | 4,491 | 4,466 | |||||||||||
| Helios Issuer, LLC, Series 2020-4, Class A (d) | 2.980 | % | 06/20/47 | 1,496,656 | 1,331,371 | |||||||||||
| Helios Issuer, LLC, Series 2021-A, Class A (d) | 1.800 | % | 02/20/48 | 1,050,656 | 883,639 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 5.0% (Continued) | ||||||||||||||||
| Helios Issuer, LLC, Series 2022-C, Class C (d) | 6.000 | % | 11/22/49 | $ | 2,845,216 | $ | 2,399,217 | |||||||||
| Helios Issuer, LLC, Series 2023-B, Class C (d) | 6.000 | % | 08/22/50 | 985,285 | 854,605 | |||||||||||
| Hero Funding Trust, Series 2016-4B, Class B (d) | 4.990 | % | 09/20/47 | 182,128 | 177,434 | |||||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class C (d) | 3.420 | % | 10/09/39 | 774,051 | 711,796 | |||||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class D (d) | 5.500 | % | 10/09/39 | 360,024 | 332,421 | |||||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class E (d) | 6.500 | % | 10/09/39 | 2,052,135 | 1,888,666 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A (d) | 2.290 | % | 01/20/48 | 2,430,886 | 1,825,130 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A (d) | 2.220 | % | 03/20/48 | 1,854,263 | 1,336,096 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2017-2, Class B (d) | 4.770 | % | 06/22/43 | 372,103 | 328,549 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2020-1, Class A (d) | 2.100 | % | 04/20/46 | 1,370,619 | 1,155,294 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2020-1A, Class B (d) | 3.100 | % | 04/20/46 | 1,096,495 | 934,794 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2021-1, Class D (d) | 3.710 | % | 12/20/46 | 606,807 | 509,712 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2023-2A, Class C (d) | 8.180 | % | 09/22/53 | 11,000,000 | 9,764,516 | |||||||||||
| MVW Own Trust, Series 2021-1W, Class D (d) | 3.170 | % | 01/22/41 | 1,030,459 | 918,440 | |||||||||||
| PNMAC GMSR Issuer Trust, Series 2022-GT1, Class A (1* SOFR + 425) (a)(d) | 9.565 | % | 05/25/27 | 3,625,000 | 3,627,319 | |||||||||||
| Renew Financial, LLC, Series 2017-1, Class A (d) | 3.670 | % | 09/20/52 | 956,458 | 846,355 | |||||||||||
| Renew Financial, LLC, Series 2017-1, Class B (d) | 5.750 | % | 09/20/52 | 275,741 | 261,237 | |||||||||||
| Sierra Receivables Funding, Series 2022-2A, Class D (d) | 9.220 | % | 06/20/40 | 738,651 | 728,980 | |||||||||||
| SPS Servicer Advance Receivables, Series 2020-T2, Class B (d) | 2.130 | % | 11/15/55 | 2,213,000 | 1,952,169 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 5.0% (Continued) | ||||||||||||||||
| SPS Servicer Advance Receivables, Series 2020-T2, Class D (d) | 3.160 | % | 11/15/55 | $ | 3,000,000 | $ | 2,554,303 | |||||||||
| Westgate Resorts, Series 2020-1A, Class C (d) | 6.213 | % | 03/20/34 | 598,304 | 591,000 | |||||||||||
| Westgate Resorts, Series 2023-1A, Class D (d) | 10.140 | % | 12/20/37 | 4,873,164 | 4,840,929 | |||||||||||
| 78,834,809 | ||||||||||||||||
| Agency MBS CMO - 2.4% | ||||||||||||||||
| FHLMC, Series 2979, Class FP (1* SOFR + 45) (a) | 5.878 | % | 05/15/35 | 251,184 | 246,189 | |||||||||||
| FHLMC, Series 3121, Class FM (1* SOFR + 40) (a) | 5.828 | % | 03/15/36 | 226,670 | 221,881 | |||||||||||
| FHLMC, Series 4613, Class AF (1* SOFR + 110) (a) | 6.528 | % | 11/15/37 | 410,890 | 405,565 | |||||||||||
| FHLMC, Series 3925, Class FL (1* SOFR + 45) (a) | 5.878 | % | 01/15/41 | 47,068 | 46,728 | |||||||||||
| FHLMC, Series 3895, Class BF (1* SOFR + 50) (a) | 5.928 | % | 07/15/41 | 185,838 | 182,169 | |||||||||||
| FHLMC, Series 4314, Class PF (1* SOFR + 40) (a) | 5.828 | % | 07/15/43 | 78,957 | 77,910 | |||||||||||
| FHLMC, Series 5171, Class UK | 2.000 | % | 12/25/51 | 1,163,171 | 562,010 | |||||||||||
| FNMA, Series 2006-56, Class DC (1* SOFR + 65) (a) | 6.079 | % | 07/25/36 | 457,329 | 457,883 | |||||||||||
| FNMA, Series 2006-108, Class FD (1* SOFR + 38) (a) | 5.809 | % | 11/25/36 | 200,329 | 196,101 | |||||||||||
| FNMA, Series 2010-136, Class FA (1* SOFR + 50) (a) | 5.929 | % | 12/25/40 | 192,774 | 187,477 | |||||||||||
| FNMA, Series 2011-86, Class KF (1* SOFR + 55) (a) | 5.979 | % | 09/25/41 | 324,351 | 316,857 | |||||||||||
| FNMA, Series 2011-127, Class ZU | 3.500 | % | 12/25/41 | 4,530,751 | 3,985,770 | |||||||||||
| FNMA, Series 2012-9, Class FC (1* SOFR + 40) (a) | 5.829 | % | 02/25/42 | 139,966 | 136,839 | |||||||||||
| FNMA, Series 2012-33, Class F (1* SOFR + 52) (a) | 5.949 | % | 04/25/42 | 97,442 | 95,701 | |||||||||||
| FNMA, Series 2013-34, Class GP | 3.000 | % | 05/25/42 | 2,215,215 | 2,040,878 | |||||||||||
| FNMA, Series 2017-28, Class LK | 4.000 | % | 03/25/53 | 1,006,026 | 972,957 | |||||||||||
| GNMA, Series 2023-81, Class MV | 5.500 | % | 05/20/34 | 9,892,712 | 9,670,704 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 2.4% (Continued) | ||||||||||||||||
| GNMA, Series 2023-81, Class QV | 5.500 | % | 05/20/34 | $ | 6,767,511 | $ | 6,675,806 | |||||||||
| GNMA, Series 2023-67, Class AC | 6.000 | % | 05/20/53 | 8,970,648 | 8,944,168 | |||||||||||
| GNMA, Series 2012-H29, Class SA (1* TSFR1M + 63) (a) | 5.947 | % | 10/20/62 | 434,345 | 432,247 | |||||||||||
| GNMA, Series 2012-H23, Class SA (1* TSFR1M + 64) (a) | 5.962 | % | 10/20/62 | 2,461,276 | 2,451,411 | |||||||||||
| GNMA, Series 2016-H11, Class FD (1* TSFR12M + 112) (a) | 4.869 | % | 05/20/66 | 72,290 | 71,607 | |||||||||||
| 38,378,858 | ||||||||||||||||
| Agency MBS CMO Derivatives - 0.0% (c) | ||||||||||||||||
| FHLMC, Series 237, Class S14 (IO) (-1* SOFR + 660) (a) | 1.172 | % | 05/15/36 | 420,844 | 37,238 | |||||||||||
| FNMA, Series 2012-148, Class IA (IO) | 4.000 | % | 01/25/28 | 1,168,958 | 51,716 | |||||||||||
| FNMA, Series 301, Class I (PO) | 0.000 | % | 04/25/29 | 141,061 | 126,853 | |||||||||||
| FNMA, Series 2010-44, Class CS (IO) (-1* SOFR + 655) (a) | 1.121 | % | 05/25/40 | 264,686 | 19,292 | |||||||||||
| FNMA, Series 2014-45, Class IO (IO) | 4.000 | % | 08/25/44 | 380,581 | 44,185 | |||||||||||
| GNMA, Series 2015-16, Class IL (IO) | 4.000 | % | 03/20/42 | 761,246 | 21,246 | |||||||||||
| GNMA, Series 2013-H13, Class T1 (IO) (a) | 0.460 | % | 05/20/63 | 11,535,548 | 49,588 | |||||||||||
| GNMA, Series 2016-H20, Class GI (IO) (a) | 0.000 | % | 08/20/66 | 8,382,861 | 7,921 | |||||||||||
| GNMA, Series 2018-H08, Class NI (IO) (a) | 0.819 | % | 05/20/68 | 6,532,297 | 35,552 | |||||||||||
| GNMA, Series 2019-H04, Class IO (IO) (a) | 1.544 | % | 03/20/69 | 14,311,204 | 226,647 | |||||||||||
| 620,238 | ||||||||||||||||
| Agency MBS Passthrough - 4.5% | ||||||||||||||||
| FHLMC, Pool #FG G60257 | 5.500 | % | 06/01/41 | 356,909 | 356,856 | |||||||||||
| FHLMC, Pool #FR QG9457 | 6.500 | % | 08/01/53 | 14,023,955 | 14,091,559 | |||||||||||
| FNMA, Pool #FN BP6608 | 2.205 | % | 08/01/50 | 2,182,280 | 1,982,144 | |||||||||||
| FNMA, Pool #BM7138 | 1.694 | % | 10/01/51 | 8,313,497 | 7,287,729 | |||||||||||
| GNMA, Pool #G2 CM7497C | 5.000 | % | 08/20/52 | 6,372,275 | 5,943,169 | |||||||||||
| GNMA, Pool #G2 CW0334C | 7.000 | % | 07/20/63 | 6,031,017 | 6,156,176 | |||||||||||
| GNMA, Series 2023-112, Class ET | 7.000 | % | 08/20/63 | 33,071,705 | 34,245,090 | |||||||||||
| 70,062,723 | ||||||||||||||||
| Auto Loan - 6.1% | ||||||||||||||||
| ACM Auto Trust, Series 2023-1A, Class C (d) | 8.590 | % | 01/22/30 | 4,000,000 | 3,989,990 | |||||||||||
| ACM Auto Trust, Series 2023-2A, Class A (d) | 7.970 | % | 06/20/30 | 3,322,594 | 3,325,440 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Auto Loan - 6.1% (Continued) | ||||||||||||||||
| American Credit Acceptance Receivables Trust, Series 2020-3, Class F (d) | 5.940 | % | 06/14/27 | $ | 6,750,000 | $ | 6,667,869 | |||||||||
| American Credit Acceptance Receivables Trust, Series 2020-4, Class F (d) | 5.220 | % | 08/13/27 | 2,800,000 | 2,771,911 | |||||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2021-1A, Class A (d) | 1.190 | % | 01/15/27 | 1,606,058 | 1,570,641 | |||||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2021-1A, Class B (d) | 2.020 | % | 02/16/27 | 2,223,000 | 2,094,888 | |||||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, Class C (d) | 9.840 | % | 03/15/29 | 7,400,000 | 7,562,426 | |||||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class C (d) | 2.160 | % | 02/17/26 | 220,376 | 218,715 | |||||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class D (d) | 3.640 | % | 02/17/26 | 2,250,000 | 2,217,721 | |||||||||||
| CarNow Auto Receivables Trust, Series 2023-1A, Class B (d) | 6.950 | % | 03/16/26 | 3,000,000 | 2,986,509 | |||||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class E (d) | 5.120 | % | 07/15/27 | 2,500,000 | 2,444,544 | |||||||||||
| CarNow Auto Receivables Trust, Series 2023-1A, Class D (d) | 7.990 | % | 02/15/28 | 3,500,000 | 3,436,078 | |||||||||||
| Chase Auto Credit Linked Notes, Series 2021-3, Class D (d) | 1.009 | % | 02/26/29 | 901,612 | 858,217 | |||||||||||
| Chase Auto Credit Linked Notes, Series 2021-3, Class E (d) | 2.102 | % | 02/26/29 | 751,343 | 713,907 | |||||||||||
| Credit Acceptance Auto Loan Trust, Series 2023-3A, Class C (d) | 7.620 | % | 12/15/33 | 7,000,000 | 6,959,023 | |||||||||||
| Credito Real USA Auto Receivable, Series 2021-1, Class A (d) | 1.350 | % | 02/16/27 | 536,982 | 532,485 | |||||||||||
| FHF Trust, Series 2021-2A, Class A (d) | 0.830 | % | 12/15/26 | 2,243,411 | 2,150,192 | |||||||||||
| FHF Trust, Series 2021-1, Class A (d) | 1.270 | % | 03/15/27 | 694,034 | 670,545 | |||||||||||
| FHF Trust, Series 2021-2A, Class B (d) | 1.630 | % | 09/15/27 | 10,900,000 | 9,820,013 | |||||||||||
| First Help Financial, LLC, Series 2023-1A, Class C (d) | 7.880 | % | 07/15/30 | 12,907,000 | 12,480,355 | |||||||||||
| JPMorgan Chase Bank, NA, Series 2021-2, Class E (d) | 2.280 | % | 12/26/28 | 422,990 | 412,269 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Auto Loan - 6.1% (Continued) | ||||||||||||||||
| Lobel Automobile Receivables Trust, Series 2023-1, Class A (d) | 6.970 | % | 07/15/26 | $ | 3,395,651 | $ | 3,395,828 | |||||||||
| OneMain Direct Auto Receivables, Series 2019-1, Class D (d) | 4.680 | % | 04/14/31 | 5,500,000 | 5,140,815 | |||||||||||
| Veros Auto Receivables Trust, Series 2021-1, Class B (d) | 1.490 | % | 10/15/26 | 4,373,032 | 4,288,790 | |||||||||||
| Veros Auto Receivables Trust, Series 2021-1, Class C (d) | 3.640 | % | 08/15/28 | 5,000,000 | 4,704,874 | |||||||||||
| Veros Auto Receivables Trust, Series 2023-1, Class A (d) | 7.120 | % | 11/15/28 | 4,971,246 | 4,979,470 | |||||||||||
| 96,393,515 | ||||||||||||||||
| CRE/CLO - 8.8% | ||||||||||||||||
| A10 Securitization, Series 2021-D, Class D (d) | 4.409 | % | 10/01/38 | 7,546,818 | 6,594,082 | |||||||||||
| A10 Securitization, Series 2021-D, Class E (d) | 4.937 | % | 10/01/38 | 3,575,985 | 3,071,640 | |||||||||||
| A10 Securitization, Series 2020-C, Class C (d) | 3.363 | % | 08/15/40 | 1,844,654 | 1,818,637 | |||||||||||
| A10 Securitization, Series 2019-B, Class C (d) | 3.781 | % | 08/15/40 | 1,936,889 | 1,933,809 | |||||||||||
| A10 Securitization, Series 2020-C, Class D (d) | 4.129 | % | 08/15/40 | 11,991,000 | 11,801,830 | |||||||||||
| A10 Securitization, Series 2020-C, Class E (d) | 5.465 | % | 08/15/40 | 1,050,000 | 945,562 | |||||||||||
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class D (1* TSFR1M + 271) (a)(d) | 8.045 | % | 12/18/37 | 6,000,000 | 5,670,492 | |||||||||||
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class E (1* TSFR1M + 321) (a)(d) | 8.545 | % | 12/18/37 | 2,000,000 | 1,855,862 | |||||||||||
| ACREC, Series 2021-FL1, Class E (1* TSFR1M + 311) (a)(d) | 8.445 | % | 10/16/36 | 3,000,000 | 2,787,822 | |||||||||||
| AREIT CRE Trust, Series 2021-CRE5, Class A (1* TSFR1M + 119) (a)(d) | 6.508 | % | 11/17/38 | 1,690,916 | 1,664,384 | |||||||||||
| Bancorp Commercial Mortgage Trust (The), Series 2017-CRE2, Class D (1* Prime + 375) (a)(d) | 9.193 | % | 08/15/32 | 273,383 | 271,247 | |||||||||||
| BDS Ltd., Series 2021-FL8, Class D (1* TSFR1M + 201) (a)(d) | 7.345 | % | 01/18/36 | 2,750,000 | 2,640,781 | |||||||||||
| BrightSpire Capital, Inc., Series 2021-FL1, Class A (1* TSFR1M + 126) (a)(d) | 6.592 | % | 08/19/38 | 7,950,000 | 7,759,494 | |||||||||||
| BXMT Ltd., Series 2020-FL2, Class A (1* TSFR1M + 101) (d) | 6.347 | % | 02/15/38 | 9,031,779 | 8,511,784 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| CRE/CLO - 8.8% (Continued) | ||||||||||||||||
| BXMT Ltd., Series 2020-FL2, Class D (1* TSFR1M + 206) (a)(d)(e) | 7.378 | % | 02/15/38 | $ | 4,725,000 | $ | 3,805,907 | |||||||||
| BXMT Ltd., Series 2020-FL2, Class E (1* TSFR1M + 216) (a)(d)(e) | 7.478 | % | 02/15/38 | 3,500,000 | 2,771,902 | |||||||||||
| BXMT Ltd., Series 2020-FL2, Class B (1* TSFR1M + 151) (d) | 6.828 | % | 02/18/38 | 5,100,000 | 4,442,350 | |||||||||||
| BXMT Ltd., Series 2021-FL4, Class D (1* TSFR1M + 236) (a)(d)(e) | 7.697 | % | 05/15/38 | 8,250,000 | 6,568,188 | |||||||||||
| FS Rialto Issuer Ltd., Series 2021-FL2, Class A (1* TSFR1M + 133) (d) | 6.665 | % | 05/16/38 | 9,416,267 | 9,254,232 | |||||||||||
| FS Rialto Issuer Ltd., Series 2021-FL2, Class AS (1* TSFR1M + 166) (d) | 6.995 | % | 05/16/38 | 1,586,500 | 1,501,890 | |||||||||||
| HERA Commerical Mortgage Ltd., Series 2021-FL1, Class C (1* TSFR1M + 206) (d) | 7.376 | % | 02/18/38 | 10,000,000 | 9,476,940 | |||||||||||
| KKR Financial Management, Series 2021-FL2, Class A (d) | 6.517 | % | 02/15/39 | 4,500,000 | 4,439,340 | |||||||||||
| KKR Real Estate Finance Trust, Series 2021-FL2, Class A-S (1* TSFR1M + 141) (d) | 6.747 | % | 02/15/39 | 2,250,000 | 2,145,987 | |||||||||||
| LoanCore Issuer Ltd., Series 2019-CRE3, Class D (1* TSFR1M + 261) (a)(d)(e) | 7.925 | % | 04/15/34 | 11,250,000 | 10,806,750 | |||||||||||
| LoanCore Issuer Ltd., Series 2021-CRE6, Class A (1* TSFR1M + 141) (d) | 6.747 | % | 11/15/38 | 4,320,000 | 4,222,433 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class AS (1* TSFR1M + 131) (a)(d) | 6.647 | % | 07/15/36 | 1,904,000 | 1,858,032 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class D (d) | 7.947 | % | 07/15/36 | 500,000 | 487,399 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL8, Class E (d) | 8.480 | % | 02/19/37 | 300,000 | 277,472 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL10, Class D (1* TSFR1M + 573) (a)(d) | 11.056 | % | 09/17/37 | 1,250,000 | 1,238,784 | |||||||||||
| PFP Ltd., Series 2021-8, Class A (1* TFSR1M + 111) (a)(d) | 6.446 | % | 08/09/37 | 2,682,552 | 2,643,513 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| CRE/CLO - 8.8% (Continued) | ||||||||||||||||
| PFP Ltd., Series 2021-8, Class C (1* TFSR1M + 191) (a)(d) | 7.246 | % | 08/09/37 | $ | 2,000,000 | $ | 1,920,796 | |||||||||
| PFP Ltd., Series 2021-7, Class A-S (1* TFSR1M + 126) (d) | 6.597 | % | 04/14/38 | 2,454,464 | 2,430,034 | |||||||||||
| PFP Ltd., Series 2021-7, Class D (1* TSFR1M + 251) (a)(d) | 7.847 | % | 04/14/38 | 2,499,875 | 2,384,673 | |||||||||||
| PFP Ltd., Series 2021-7, Class E (1* TFSR1M + 311) (d) | 8.447 | % | 04/14/38 | 2,249,888 | 2,140,194 | |||||||||||
| Shelter Growth Capital Partners, LLC, Series 2021-FL3, Class A (1* TSFR1M + 119) (a)(d) | 6.527 | % | 09/15/36 | 1,058,806 | 1,036,030 | |||||||||||
| Shelter Growth Capital Partners, LLC, Series 2021-FL3, Class C (1* TSFR1M + 226) (a)(d) | 7.597 | % | 09/15/36 | 2,000,000 | 1,902,188 | |||||||||||
| Starwood Commercial Mortgage Trust, Series 2019-FL1, Class AS (1* TSFR1M + 151) (d) | 6.847 | % | 07/15/38 | 1,367,000 | 1,325,990 | |||||||||||
| TPG Real Estate Finance, Series 2019-FL3, Class C (d) | 7.547 | % | 10/17/34 | 2,750,000 | 2,695,025 | |||||||||||
| 139,103,475 | ||||||||||||||||
| Credit Cards - 10.1% | ||||||||||||||||
| Brex Commercial Charge Card Master Trust, Series 2022-1, Class A (d) | 4.630 | % | 07/15/25 | 5,000,000 | 4,919,182 | |||||||||||
| Continental Credit Card, LLC, Series 2019-1, Class B (d) | 4.950 | % | 08/15/26 | 6,969,579 | 6,905,542 | |||||||||||
| Continental Credit Card, LLC, Series 2019-1, Class C (d) | 6.160 | % | 08/15/26 | 3,000,000 | 2,891,419 | |||||||||||
| Continental Credit Card, LLC, Series 2020-A, Class A (d) | 2.240 | % | 12/15/28 | 3,600,000 | 3,497,390 | |||||||||||
| Continental Credit Card, LLC, Series 2020-A, Class B (d) | 3.660 | % | 12/15/28 | 9,200,000 | 8,592,230 | |||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class B (d) | 3.490 | % | 12/17/29 | 6,700,000 | 6,133,501 | |||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class C (d) | 4.020 | % | 12/17/29 | 6,900,000 | 6,005,668 | |||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class D (d) | 6.010 | % | 12/17/29 | 16,210,000 | 13,622,103 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Credit Cards - 10.1% (Continued) | ||||||||||||||||
| Continental Credit Card, LLC, Series 2022-A, Class C (d) | 9.330 | % | 10/15/30 | $ | 4,100,000 | $ | 3,866,111 | |||||||||
| Continental Credit Card, LLC, Series 2022-A, Class D (d) | 12.420 | % | 10/15/30 | 5,000,000 | 4,641,640 | |||||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class D (d) | 6.630 | % | 07/20/30 | 6,157,258 | 6,103,878 | |||||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class E (d) | 9.760 | % | 07/20/30 | 2,625,000 | 2,552,358 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class D (d) | 2.090 | % | 12/21/26 | 2,350,000 | 2,071,945 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class E (d) | 3.770 | % | 12/21/26 | 6,000,000 | 5,140,712 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class F (d) | 5.590 | % | 12/21/26 | 4,000,000 | 3,299,120 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2022-B, Class C (d) | 9.530 | % | 09/20/27 | 5,000,000 | 4,979,645 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2022-A, Class D (d) | 10.970 | % | 09/20/27 | 4,350,000 | 4,266,055 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-1A, Class A (d) | 2.500 | % | 09/21/26 | 23,685,000 | 22,672,374 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-1A, Class B (d) | 3.200 | % | 09/21/26 | 4,000,000 | 3,832,702 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-2A, Class C (d) | 10.830 | % | 03/22/27 | 8,000,000 | 7,835,794 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-3A, Class B (d) | 10.680 | % | 06/21/27 | 3,500,000 | 3,483,640 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-3A, Class D (d) | 17.760 | % | 06/21/27 | 4,000,000 | 4,023,667 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2023-1A, Class B (d) | 8.040 | % | 09/20/27 | 7,000,000 | 7,025,146 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2023-1A, Class D (d) | 17.070 | % | 09/20/27 | 10,000,000 | 10,058,659 | |||||||||||
| Mission Lane Credit Card Master, Series 2023-A, Class D (d) | 11.950 | % | 07/17/28 | 5,500,000 | 5,462,165 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Credit Cards - 10.1% (Continued) | ||||||||||||||||
| Mission Lane Credit Card Master, Series 2023-A, Class E (d) | 15.730 | % | 07/17/28 | $ | 5,500,000 | $ | 5,434,997 | |||||||||
| 159,317,643 | ||||||||||||||||
| Equipment - 0.9% | ||||||||||||||||
| Business Jet Securities, LLC, Series 2020-1, Class B (d) | 3.967 | % | 11/15/35 | 444,226 | 415,492 | |||||||||||
| Business Jet Securities, LLC, Series 2020-1, Class C (d) | 7.142 | % | 11/15/35 | 661,689 | 640,938 | |||||||||||
| Business Jet Securities, LLC, Series 2021-1A, Class B (d) | 2.918 | % | 04/15/36 | 871,274 | 773,781 | |||||||||||
| Business Jet Securities, LLC, Series 2021-1A, Class C (d) | 5.067 | % | 04/15/36 | 1,250,779 | 1,164,231 | |||||||||||
| NMEF Funding, LLC, Series 2023-A, Class C (d) | 8.040 | % | 06/17/30 | 3,000,000 | 2,924,404 | |||||||||||
| Octane Receivables Trust, Series 2021-1A, Class C (d) | 2.230 | % | 11/20/28 | 3,000,000 | 2,771,118 | |||||||||||
| Post Road Equipment Finance, Series 2021-1A, Class E (d) | 4.360 | % | 03/15/29 | 1,340,000 | 1,323,445 | |||||||||||
| Stellar Jay Ireland DAC, Series 2021-1, Class B (d) | 5.926 | % | 10/15/41 | 6,630,343 | 4,702,836 | |||||||||||
| 14,716,245 | ||||||||||||||||
| HECM - 4.6% | ||||||||||||||||
| Boston Lending Trust, Series 2022-1, Class M2 (d)(e) | 2.750 | % | 02/25/62 | 1,046,203 | 707,195 | |||||||||||
| Brean Asset Backed Securities, Series 2021-RM2, Class A (a)(d) | 1.750 | % | 10/25/61 | 7,935,268 | 6,796,941 | |||||||||||
| Brean Asset Backed Securities, Series 2022-RM4, Class M1 (d)(e) | 3.000 | % | 07/25/62 | 1,445,861 | 987,386 | |||||||||||
| Brean Asset Backed Securities, Series 2023-RM6, Class A2 (d) | 5.250 | % | 01/25/63 | 2,250,000 | 1,882,727 | |||||||||||
| Brean Asset Backed Securities, Series 2023-SRM1, Class M2 (d) | 4.000 | % | 09/25/63 | 4,750,000 | 3,810,762 | |||||||||||
| Brean Asset Backed Securities, Series 2023-SRM1, Class M3 (d) | 4.000 | % | 09/25/63 | 4,000,000 | 2,960,781 | |||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class A (d) | 3.750 | % | 04/25/25 | 4,925,557 | 4,826,169 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| HECM - 4.6% (Continued) | ||||||||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class M3 (d) | 3.750 | % | 04/25/25 | $ | 3,000,000 | $ | 2,678,826 | |||||||||
| Cascade Funding Mortgage Trust, Series 2021-HB7, Class M3 (d) | 3.849 | % | 10/27/31 | 3,000,000 | 2,733,343 | |||||||||||
| Finance of America HECM Buyout Trust, Series 2022-HB1, Class M3 (a)(d) | 5.084 | % | 02/25/32 | 1,600,000 | 1,363,011 | |||||||||||
| Finance of America HECM Buyout Trust, Series 2022-HB1, Class M5 (d) | 7.870 | % | 02/25/32 | 8,000,000 | 6,509,765 | |||||||||||
| Finance of America HECM Buyout Trust, Series 2022-HB2, Class M3 (d) | 6.000 | % | 08/01/32 | 6,500,000 | 5,637,916 | |||||||||||
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M3 (d) | 3.000 | % | 06/25/36 | 9,000,000 | 7,018,785 | |||||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class A (d) | 1.259 | % | 11/25/31 | 2,096,511 | 2,004,694 | |||||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 (d) | 3.690 | % | 11/25/31 | 3,000,000 | 2,570,838 | |||||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 (d) | 4.704 | % | 11/25/31 | 6,350,000 | 5,313,048 | |||||||||||
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M2 (d) | 3.630 | % | 10/25/50 | 1,000,000 | 819,508 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2021-2, Class A (a)(d) | 2.125 | % | 09/25/61 | 8,746,935 | 6,210,072 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2021-2, Class M2 (d) | 2.125 | % | 09/25/61 | 2,607,981 | 1,490,954 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2022-1, Class A (a)(d) | 3.000 | % | 01/25/62 | 953,842 | 790,663 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 (a)(d) | 3.750 | % | 06/25/62 | 2,600,000 | 1,400,400 | |||||||||||
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 (a)(d) | 3.000 | % | 01/25/62 | 1,600,000 | 1,111,172 | |||||||||||
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 (d) | 3.000 | % | 01/25/62 | 4,000,000 | 2,462,083 | |||||||||||
| 72,087,039 | ||||||||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Hospitality - 1.3% | ||||||||||||||||
| BHMS Mortgage Trust, Series 2018-ATLS, Class A (1* TSFR1M + 130) (a)(d) | 6.879 | % | 07/15/35 | $ | 4,700,000 | $ | 4,639,931 | |||||||||
| BHMS Mortgage Trust, Series 2018-ATLS, Class B (1* TSFR1M + 155) (d) | 7.129 | % | 07/15/35 | 3,500,000 | 3,391,142 | |||||||||||
| BX Trust, Series 2018-GW, Class E (1* TSFR1M + 227) (a)(d) | 7.578 | % | 05/15/35 | 6,000,000 | 5,848,993 | |||||||||||
| Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class C (1* TSFR1M + 150) (a)(d) | 7.093 | % | 07/15/25 | 3,476,136 | 3,406,116 | |||||||||||
| Hawaii Hotel Trust, Series 2019-MAUI, Class E (1* TSFR1M + 221) (d) | 7.517 | % | 05/15/38 | 3,000,000 | 2,925,607 | |||||||||||
| 20,211,789 | ||||||||||||||||
| Industrial - 1.0% | ||||||||||||||||
| BX Trust, Series 2021-VOLT, Class C (1* TSFR1M + 121) (d) | 6.547 | % | 09/15/36 | 10,000,000 | 9,608,296 | |||||||||||
| BX Trust, Series 2021-VOLT, Class D (1* TSFR1M + 176) (a)(d) | 7.097 | % | 09/15/36 | 6,405,000 | 6,109,512 | |||||||||||
| 15,717,808 | ||||||||||||||||
| Manufactured Housing - 0.1% | ||||||||||||||||
| Cascade Manufactured Housing Asset Trust, Series 2019-MH1, Class M (a)(d) | 5.985 | % | 11/25/44 | 1,100,000 | 1,034,780 | |||||||||||
| Multifamily - 9.6% | ||||||||||||||||
| FREMF Mortgage Trust, Series 2017-KF39, Class B (1* SOFR + 250) (a)(d) | 7.926 | % | 11/25/24 | 3,844,388 | 3,768,437 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF42, Class B (1* SOFR + 220) (a)(d) | 7.626 | % | 12/25/24 | 968,352 | 944,518 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF44, Class B (1* SOFR + 215) (a)(d) | 7.576 | % | 02/25/25 | 1,494,342 | 1,457,562 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF45, Class B (1* SOFR + 195) (a)(d) | 7.376 | % | 03/25/25 | 1,125,798 | 1,078,283 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF53, Class B (1* SOFR + 205) (a)(d) | 7.476 | % | 10/25/25 | 2,133,604 | 2,050,270 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF62, Class B (1* SOFR + 205) (a)(d) | 7.476 | % | 04/25/26 | 3,255,896 | 3,023,014 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Multifamily - 9.6% (Continued) | ||||||||||||||||
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1* SOFR + 215) (a)(d) | 7.576 | % | 01/25/28 | $ | 2,254,710 | $ | 2,126,003 | |||||||||
| FREMF Mortgage Trust, Series 2018-KF48, Class B (1* SOFR + 205) (d) | 7.476 | % | 06/25/28 | 3,078,461 | 2,741,072 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1* SOFR + 190) (a)(d) | 7.326 | % | 07/25/28 | 2,503,081 | 2,220,570 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1* SOFR + 225) (a)(d) | 7.466 | % | 01/25/29 | 4,163,920 | 3,886,999 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF59, Class B (1* SOFR + 235) (a)(d) | 7.776 | % | 02/25/29 | 2,045,713 | 1,919,587 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1* SOFR + 225) (a)(d) | 7.466 | % | 08/25/29 | 5,358,101 | 4,969,638 | |||||||||||
| MultiFamily Connecticut Avenue, Series 2019-01, Class B-10 (1* SOFR + 550) (a)(d) | 10.929 | % | 10/25/49 | 5,610,000 | 5,461,749 | |||||||||||
| MultiFamily Connecticut Avenue, Series 2020-01, Class CE (1* SOFR + 750) (a)(d) | 12.929 | % | 03/25/50 | 7,063,000 | 6,992,996 | |||||||||||
| MultiFamily Strcutured Credit Risk, Series 2021-MN2, Class B1 (1* SOFR30A + 550) (a)(d) | 10.815 | % | 07/25/41 | 6,154,000 | 5,197,476 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN2, Class M-1 (1* SOFR + 180) (a)(d) | 7.088 | % | 07/25/41 | 16,069,880 | 15,042,583 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN2, Class M2 (1* SOFR30A + 335) (d) | 8.638 | % | 07/25/41 | 39,250,000 | 35,540,769 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN1, Class M-1 (1* SOFR + 200) (a)(d) | 7.315 | % | 01/25/51 | 6,763,753 | 6,553,036 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN1, Class M2 (1* SOFR + 400) (a)(d) | 9.065 | % | 01/25/51 | 15,500,000 | 14,915,391 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class M1 (1* SOFR + 230) (a)(d) | 7.615 | % | 11/25/51 | 18,269,262 | 17,680,970 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class M2 (1* SOFR + 400) (a)(d) | 9.315 | % | 11/25/51 | 5,400,000 | 5,124,464 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Multifamily - 9.6% (Continued) | ||||||||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class B1 (1* SOFR + 685) (a)(d) | 12.165 | % | 11/25/51 | $ | 2,500,000 | $ | 2,296,997 | |||||||||
| MultiFamily Structured Credit Risk, Series 2022-MN4, Class M1 (1* SOFR + 425) (a)(d) | 9.565 | % | 05/25/52 | 6,698,564 | 6,746,490 | |||||||||||
| 151,738,874 | ||||||||||||||||
| Non-Agency MBS 2.0 - 0.3% | ||||||||||||||||
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 (1* SOFR + 155) (a) | 6.865 | % | 02/25/50 | 2,207,074 | 1,965,567 | |||||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1 (1* SOFR + 130) (a)(d) | 6.615 | % | 03/25/51 | 1,858,726 | 1,752,998 | |||||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 (1* SOFR + 180) (a)(d) | 7.115 | % | 03/25/51 | 1,402,883 | 1,280,804 | |||||||||||
| 4,999,369 | ||||||||||||||||
| Non-Performing Loan - 0.1% | ||||||||||||||||
| Cascade Funding Mortgage Trust, Series 2021-EBO1, Class M3 (a)(d) | 3.086 | % | 11/25/50 | 1,662,000 | 1,440,819 | |||||||||||
| Non-QM - 0.0% (c) | ||||||||||||||||
| Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A3 (a) | 4.329 | % | 08/25/34 | 3,730 | 3,527 | |||||||||||
| Office - 0.7% | ||||||||||||||||
| Drop Mortgage Trust, Series 2021-FILE, Class A (1* TSFR1M + 126) (d) | 6.596 | % | 10/15/43 | 3,500,000 | 3,262,626 | |||||||||||
| Drop Mortgage Trust, Series 2021-FILE, Class C (1* TSFR1M + 236) (a)(d) | 7.696 | % | 10/15/43 | 5,500,000 | 4,455,000 | |||||||||||
| SFO Commerical Mortgage Trust, Series 2021-555, Class A (d) | 6.596 | % | 05/15/38 | 3,600,000 | 3,266,153 | |||||||||||
| 10,983,779 | ||||||||||||||||
| Residential Transition Loan - 6.5% | ||||||||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 (d) | 3.280 | % | 01/25/26 | 7,498,493 | 7,284,336 | |||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 (d) | 5.610 | % | 01/25/26 | 5,687,480 | 5,563,385 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Residential Transition Loan - 6.5% (Continued) | ||||||||||||||||
| Antler Mortgage Trust, Series 2021-RTL1, Class M (a)(d)(e) | 5.438 | % | 05/25/25 | $ | 16,188,000 | $ | 14,622,480 | |||||||||
| Corevest American Finance Ltd., Series 2021-RTL1, Class A2 (d) | 3.104 | % | 03/28/29 | 7,500,000 | 6,819,898 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL1, Class M (a)(d) | 4.458 | % | 02/25/26 | 2,750,000 | 2,463,460 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class A2 (d) | 2.783 | % | 06/25/26 | 1,500,000 | 1,358,306 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class M (d) | 4.458 | % | 06/25/26 | 4,000,000 | 3,495,566 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL3, Class A2 (d) | 3.228 | % | 09/25/26 | 8,250,000 | 7,392,236 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL3, Class M (d) | 5.193 | % | 09/25/26 | 5,000,000 | 4,334,761 | |||||||||||
| LHOME Mortgage Trust, Series 2022-RTL1, Class M (d) | 6.900 | % | 02/25/27 | 7,927,500 | 7,210,060 | |||||||||||
| New York Mortgage Trust, Series 2022-BPL1, Class A2 (d) | 4.948 | % | 11/25/27 | 5,500,000 | 5,225,815 | |||||||||||
| ROC Securities Trust, Series 2021-RTL1, Class A2 (d) | 3.351 | % | 08/25/26 | 7,900,000 | 7,135,922 | |||||||||||
| ROC Securities Trust, Series 2021-RTL1, Class M (d) | 5.682 | % | 08/25/26 | 6,745,000 | 5,940,635 | |||||||||||
| Toorak Mortgage Corp., Series 2022-1, Class A2 (d) | 4.948 | % | 03/25/29 | 8,000,000 | 7,751,168 | |||||||||||
| TVC Mortgage Trust, Series 2023-RTL1, Class A2 (d) | 9.500 | % | 11/25/27 | 15,000,000 | 14,808,271 | |||||||||||
| 101,406,299 | ||||||||||||||||
| Retail - 1.4% | ||||||||||||||||
| BX Trust, Series 2021-VIEW, Class E (1* SOFR + 360) (a)(d)(e) | 9.024 | % | 06/15/36 | 4,690,500 | 4,210,446 | |||||||||||
| Credit Suisse Mortgage Trust, Series 2018-SITE, Class C (a)(d) | 4.941 | % | 04/15/36 | 4,575,000 | 4,421,647 | |||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class A (1* SOFR + 115) (d) | 6.597 | % | 02/15/40 | 4,177,450 | 3,989,028 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Retail - 1.4% (Continued) | ||||||||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C (1* SOFR + 180) (a)(d) | 7.247 | % | 02/15/40 | $ | 3,040,000 | $ | 2,815,416 | |||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D (1* SOFR + 250) (a)(d) | 7.947 | % | 02/15/40 | 2,083,200 | 1,867,011 | |||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class E (1* SOFR + 365) (a)(d) | 9.097 | % | 02/15/40 | 5,680,000 | 5,055,832 | |||||||||||
| 22,359,380 | ||||||||||||||||
| Single Family Rental - 3.9% | ||||||||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class A (d) | 3.790 | % | 10/17/36 | 13,553,605 | 13,232,705 | |||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class D (d) | 3.678 | % | 12/17/36 | 4,177,755 | 4,064,947 | |||||||||||
| American Homes 4 Rent, Series 2015-SFR1, Class A (d) | 3.467 | % | 04/17/52 | 4,203,819 | 4,044,434 | |||||||||||
| AMSR Trust, Series 2020-SFR2, Class G (d) | 4.000 | % | 07/17/37 | 500,000 | 461,617 | |||||||||||
| Home Partners of America Trust, Series 2021-2, Class D (d) | 2.652 | % | 12/17/26 | 6,257,226 | 5,483,339 | |||||||||||
| Progress Residential Trust, Series 2023-SFR2, Class E1 (d) | 4.750 | % | 10/17/28 | 3,141,000 | 2,726,005 | |||||||||||
| Progress Residential Trust, Series 2019-SFR4, Class A (d) | 2.687 | % | 10/17/36 | 2,936,730 | 2,833,416 | |||||||||||
| Progress Residential Trust, Series 2019-SFR4, Class B (d) | 2.937 | % | 10/17/36 | 2,300,000 | 2,217,358 | |||||||||||
| Progress Residential Trust, Series 2020-SFR1, Class A (d) | 1.732 | % | 04/17/37 | 27,224,119 | 25,444,818 | |||||||||||
| 60,508,639 | ||||||||||||||||
| Small Business - 3.9% | ||||||||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class A (d) | 2.390 | % | 04/15/26 | 12,000,000 | 11,639,237 | |||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class C (d) | 3.380 | % | 04/15/26 | 3,650,000 | 3,498,796 | |||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class B (d) | 5.930 | % | 04/15/26 | 2,676,000 | 2,558,765 | |||||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class A (d) | 2.620 | % | 05/15/27 | 11,000,000 | 10,374,752 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Small Business - 3.9% (Continued) | ||||||||||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class B (d) | 2.970 | % | 05/15/27 | $ | 2,600,000 | $ | 2,424,335 | |||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class C (d) | 3.850 | % | 05/15/27 | 3,000,000 | 2,740,957 | |||||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class A (1* Prime - 55) (a)(d) | 7.950 | % | 02/25/44 | 510,786 | 505,963 | |||||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class B (1* Prime + 75) (a)(d) | 9.250 | % | 02/25/44 | 1,123,729 | 1,115,775 | |||||||||||
| Newtek Small Business Loan Trust, Series 2019-01, Class A (1* Prime - 90) (a)(d) | 7.600 | % | 12/25/44 | 1,366,786 | 1,350,178 | |||||||||||
| Newtek Small Business Loan Trust, Series 2022-1, Class B (1* SOFR + 375) (a)(d) | 8.750 | % | 10/25/49 | 2,527,474 | 2,498,012 | |||||||||||
| Newtek Small Business Loan Trust, Series 2023-1, Class B (d) | 9.250 | % | 07/25/50 | 6,368,902 | 6,340,957 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2023-1, Class C (d) | 9.930 | % | 08/19/30 | 5,000,000 | 4,918,445 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class B (d) | 2.280 | % | 05/17/27 | 3,500,000 | 3,349,855 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class C (d) | 2.970 | % | 05/17/27 | 3,250,000 | 3,069,104 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class D (d) | 4.940 | % | 05/17/27 | 5,500,000 | 5,107,108 | |||||||||||
| 61,492,239 | ||||||||||||||||
| Student Loan - 0.6% | ||||||||||||||||
| College Ave Student Loans, Series 2018-A, Class B (d) | 4.750 | % | 12/26/47 | 798,144 | 751,396 | |||||||||||
| College Ave Student Loans, Series 2018-A, Class C (d) | 5.500 | % | 12/26/47 | 486,655 | 467,366 | |||||||||||
| College Ave Student Loans, Series 2019-A, Class C (d) | 4.460 | % | 12/28/48 | 2,523,899 | 2,345,923 | |||||||||||
| College Ave Student Loans, Series 2021-A, Class B (d) | 2.320 | % | 07/25/51 | 1,621,770 | 1,426,693 | |||||||||||
| College Ave Student Loans, Series 2021-A, Class D (d) | 4.120 | % | 07/25/51 | 1,182,241 | 1,090,946 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Student Loan - 0.6% (Continued) | ||||||||||||||||
| CommonBond Student Loan Trust, Series 2017-BGS, Class C (d) | 4.440 | % | 09/25/42 | $ | 227,751 | $ | 183,852 | |||||||||
| Laurel Road Prime Student Loan, Series 2019-A, Class BFX (d) | 3.000 | % | 10/25/48 | 1,842,377 | 1,679,311 | |||||||||||
| Prodigy Finance, Series 2021-1A, Class A (1* TSFR1M + 136) (a)(d) | 6.684 | % | 07/25/51 | 853,917 | 845,386 | |||||||||||
| 8,790,873 | ||||||||||||||||
| Unsecured Consumer - 10.0% | ||||||||||||||||
| ACHV ABS Trust, Series 2023-2PL, Class B (d) | 6.880 | % | 05/20/30 | 4,000,000 | 4,000,526 | |||||||||||
| ACHV ABS Trust, Series 2023-2PL, Class C (d) | 7.270 | % | 05/20/30 | 1,450,000 | 1,451,603 | |||||||||||
| ACHV ABS Trust, Series 2023-3PL, Class D (d) | 8.360 | % | 08/19/30 | 1,750,000 | 1,760,025 | |||||||||||
| Affirm, Inc., Series 2022-Z1, Class B (d) | 6.490 | % | 06/15/27 | 2,500,000 | 2,397,855 | |||||||||||
| Affirm, Inc., Series 2023-B, Class B (d) | 7.440 | % | 09/15/28 | 3,000,000 | 2,997,747 | |||||||||||
| Avant Loans Funding Trust, Series 2021-REV1, Class C (d) | 2.300 | % | 07/15/30 | 10,750,000 | 10,170,146 | |||||||||||
| Conn Funding II, LP, Series 2023-A, Class B (d) | 10.000 | % | 01/17/28 | 3,080,000 | 3,086,407 | |||||||||||
| Freedom Financial Trust, Series 2022-3FP, Class D (d) | 7.360 | % | 08/20/29 | 11,500,000 | 11,387,438 | |||||||||||
| LendingPoint Asset Securitization, Series 2022-C, Class D (d) | 10.730 | % | 02/15/30 | 4,920,000 | 4,486,663 | |||||||||||
| Lendmark Funding Trust, Series 2020-2, Class B (d) | 3.540 | % | 04/21/31 | 2,000,000 | 1,763,746 | |||||||||||
| Lendmark Funding Trust, Series 2020-2A, Class C (d) | 4.690 | % | 04/21/31 | 1,000,000 | 881,658 | |||||||||||
| Mariner Finance Issuance Trust, Series 2019-A, Class C (d) | 4.010 | % | 07/20/32 | 2,560,000 | 2,508,463 | |||||||||||
| Mariner Finance Issuance Trust, Series 2020-A, Class D (d) | 5.750 | % | 08/21/34 | 8,230,000 | 7,387,629 | |||||||||||
| Mariner Finance Issuance Trust, Series 2021-AA, Class D (d) | 4.340 | % | 03/20/36 | 1,850,000 | 1,545,768 | |||||||||||
| Oportun Funding XIV, LLC, Series 2021-A, Class C (d) | 3.440 | % | 03/08/28 | 4,323,239 | 4,169,926 | |||||||||||
| Oportun Funding, LLC, Series 2019-A, Class D (d) | 6.220 | % | 08/08/25 | 4,320,230 | 4,168,744 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Unsecured Consumer - 10.0% (Continued) | ||||||||||||||||
| Oportun Funding, LLC, Series 2022-1, Class C (d) | 6.000 | % | 06/15/29 | $ | 9,000,000 | $ | 8,624,479 | |||||||||
| Oportun Funding, LLC, Series 2022-2, Class A (d) | 5.940 | % | 10/09/29 | 2,905,853 | 2,897,562 | |||||||||||
| Oportun Funding, LLC, Series 2021-B, Class A (d) | 1.470 | % | 05/08/31 | 3,500,000 | 3,196,184 | |||||||||||
| Oportun Funding, LLC, Series 2021-B, Class D (d) | 5.410 | % | 05/08/31 | 7,650,000 | 6,921,156 | |||||||||||
| Oportun Funding, LLC, Series 2022-A, Class C (d) | 7.400 | % | 06/09/31 | 7,600,000 | 7,207,360 | |||||||||||
| Oportun Funding, LLC, Series 2022-A, Class D (d) | 8.500 | % | 06/09/31 | 1,500,000 | 1,370,266 | |||||||||||
| Oportun Funding, LLC, Series 2021-C, Class B (d) | 2.670 | % | 10/08/31 | 13,000,000 | 11,681,075 | |||||||||||
| Oportun Funding, LLC, Series 2021-C, Class C (d) | 3.610 | % | 10/08/31 | 3,750,000 | 3,336,651 | |||||||||||
| Oportun Funding, LLC, Series 2021-C, Class D (d) | 5.570 | % | 10/08/31 | 3,500,000 | 3,067,316 | |||||||||||
| Prosper Marketplace Issuance Trust, Series 2019-3A, Class CERT (a)(d) | 0.000 | % | 07/15/25 | 81,061,702 | 400,039 | |||||||||||
| Prosper Marketplace Issuance Trust, Series 2023-1, Class B (d) | 7.480 | % | 07/16/29 | 2,300,000 | 2,303,369 | |||||||||||
| Prosper Marketplace Issuance Trust, Series 2023-1, Class C (d) | 8.290 | % | 07/16/29 | 1,900,000 | 1,906,137 | |||||||||||
| Prosper Marketplace Issuance Trust, Series 2023-1, Class D (d) | 11.240 | % | 07/16/29 | 1,900,000 | 1,903,440 | |||||||||||
| Reach Financial, LLC, Series 2021-1A, Class B (d) | 2.170 | % | 05/15/29 | 3,800,000 | 3,585,876 | |||||||||||
| Reach Financial, LLC, Series 2021-1A, Class C (d) | 3.540 | % | 05/15/29 | 6,700,000 | 6,032,923 | |||||||||||
| Regional Management Issuance Trust, Series 2020-1, Class A (d) | 2.340 | % | 10/15/30 | 2,000,000 | 1,948,719 | |||||||||||
| Regional Management Issuance Trust, Series 2020-1, Class B (d) | 3.230 | % | 10/15/30 | 2,500,000 | 2,327,682 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 81.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Unsecured Consumer - 10.0% (Continued) | ||||||||||||||||
| Regional Management Issuance Trust, Series 2021-1, Class B (d) | 2.420 | % | 03/17/31 | $ | 895,000 | $ | 795,207 | |||||||||
| Regional Management Issuance Trust, Series 2021-1, Class C (d) | 3.040 | % | 03/17/31 | 4,650,000 | 4,016,160 | |||||||||||
| Regional Management Issuance Trust, Series 2021-1, Class D (d) | 5.070 | % | 03/17/31 | 1,300,000 | 1,110,289 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST2, Class A (d) | 2.500 | % | 04/20/27 | 2,028,965 | 1,964,279 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST4, Class A (d) | 2.000 | % | 07/20/27 | 4,738,069 | 4,531,532 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST7, Class NT (d) | 1.850 | % | 09/20/29 | 946,841 | 927,842 | |||||||||||
| Upstart Pass-Through Trust, Series 2022-ST1, Class A (d) | 2.600 | % | 03/20/30 | 1,549,722 | 1,501,735 | |||||||||||
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A (d) | 4.250 | % | 06/17/30 | 3,127,325 | 3,031,875 | |||||||||||
| Upstart Structured Pass-Through Trust, Series 2022-4A, Class A (d) | 7.010 | % | 11/15/30 | 1,933,608 | 1,934,500 | |||||||||||
| Upstart Structured Pass-Through Trust, Series 2022-4A, Class B (d) | 8.540 | % | 11/15/30 | 5,000,000 | 5,034,550 | |||||||||||
| 157,722,547 | ||||||||||||||||
| Total Securitized (Cost $1,345,942,946) | $ | 1,287,925,267 | ||||||||||||||
| Treasury - 4.7% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Notes (b) | 0.125 | % | 10/15/23 | $ | 10,000,000 | $ | 9,981,262 | |||||||||
| U.S. Treasury Notes (b) | 2.750 | % | 11/15/23 | 10,000,000 | 9,967,197 | |||||||||||
| U.S. Treasury Notes | 2.625 | % | 12/31/23 | 10,000,000 | 9,930,469 | |||||||||||
| U.S. Treasury Notes (b) | 1.750 | % | 06/30/24 | 15,000,000 | 14,589,844 | |||||||||||
| U.S. Treasury Notes (b) | 0.375 | % | 09/15/24 | 10,000,000 | 9,529,297 | |||||||||||
| U.S. Treasury Notes | 0.625 | % | 10/15/24 | 10,000,000 | 9,517,969 | |||||||||||
| U.S. Treasury Notes (b) | 0.750 | % | 11/15/24 | 5,000,000 | 4,749,219 | |||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Treasury - 4.7% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Inflation-Protected Notes | 0.125 | % | 04/15/26 | $ | 5,361,622 | $ | 5,008,928 | |||||||||
| Total Treasury (Cost $75,183,508) | $ | 73,274,185 | ||||||||||||||
| Registered Investment Companies - 9.7% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (f) | 135,290,448 | $ | 135,331,035 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (f)(g) | 17,094,845 | 17,094,845 | ||||||
| Total Registered Investment Companies (Cost $152,412,210) | $ | 152,425,880 | ||||||
| Total Investment Securities - 100.9% (Cost $1,649,958,275) | $ | 1,587,751,240 | ||||||
| Liabilities in Excess of Other Assets - (0.9)% | (13,798,099 | ) | ||||||
| Net Assets - 100.0% | $ | 1,573,953,141 | ||||||
| (a) | Variable rate security. The rate shown is the effective interest rate as of September 30, 2023. The benchmark on which the rate is calculated is shown parenthetically, if applicable. Certain variable rate securities are not based on a published rate and spread but are determined by the issuer or agent and may be based on index changes, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $30,034,786. |
| (c) | Percentage rounds to less than 0.1%. |
| (d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2023 was $1,191,306,177, representing 75.7% of net assets. |
| (e) | Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2023 was $44,480,254 representing 2.8% of net assets. |
| (f) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (g) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $13,615,000. |
| IO - | Interest Only |
| NA - | National Association |
| PO - | Principal Only |
| Prime - | Short-term interest rate in the banking system of the U.S. |
| SOFR - | Secured Overnight Financing Rate |
| TSFR- | CME Term SOFR |
Diamond Hill Core Bond Fund
Schedule of Investments
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.2% | ||||||||||||||||
| American Express Co. | 2.250 | % | 03/04/25 | $ | 1,050,000 | $ | 997,795 | |||||||||
| American Express Co. | 5.282 | % | 07/27/29 | 400,000 | 389,973 | |||||||||||
| American Express Co. | 5.043 | % | 05/01/34 | 825,000 | 760,610 | |||||||||||
| Bank of America Corp. (1* TSFR3M + 123) (a) | 3.458 | % | 03/15/25 | 975,000 | 961,983 | |||||||||||
| Bank of America Corp. (1* TSFR3M + 90) (a) | 2.015 | % | 02/13/26 | 400,000 | 376,373 | |||||||||||
| Bank of America Corp. (1* SOFR + 115) (a) | 1.319 | % | 06/19/26 | 150,000 | 137,561 | |||||||||||
| Bank of America Corp. (1* TSFR3M + 184) (a) | 3.824 | % | 01/20/28 | 275,000 | 255,376 | |||||||||||
| Bank of America Corp. (1* TSFR3M + 130) (a) | 3.419 | % | 12/20/28 | 1,000,000 | 900,125 | |||||||||||
| Bank of America Corp. | 3.194 | % | 07/23/30 | 2,500,000 | 2,136,933 | |||||||||||
| Bank of America Corp. (1* TSFR3M + 145) | 2.884 | % | 10/22/30 | 2,300,000 | 1,916,212 | |||||||||||
| Bank of America Corp. (1* SOFR + 215) (a) | 2.592 | % | 04/29/31 | 450,000 | 361,616 | |||||||||||
| Bank of America Corp. | 4.571 | % | 04/27/33 | 1,700,000 | 1,509,316 | |||||||||||
| Bank of Montreal France | 0.949 | % | 01/22/27 | 630,000 | 561,732 | |||||||||||
| Bank of New York Mellon Corp. (The) | 5.802 | % | 10/25/33 | 1,050,000 | 1,047,960 | |||||||||||
| Bank of New York Mellon Corp. (The) (1* SOFR + 207) (a) | 5.834 | % | 10/25/33 | 500,000 | 491,497 | |||||||||||
| Bank of Nova Scotia | 3.450 | % | 04/11/25 | 200,000 | 192,567 | |||||||||||
| Capital One Financial Corp. | 1.878 | % | 11/02/27 | 1,000,000 | 870,247 | |||||||||||
| Capital One Financial Corp. | 5.468 | % | 02/01/29 | 500,000 | 475,951 | |||||||||||
| Capital One Financial Corp. | 6.377 | % | 06/08/34 | 500,000 | 471,858 | |||||||||||
| Citigroup, Inc. (1* TSFR3M + 116) (a) | 3.352 | % | 04/24/25 | 200,000 | 196,433 | |||||||||||
| Citigroup, Inc. (1* SOFR + 125) (a) | 6.783 | % | 07/01/26 | 100,000 | 101,798 | |||||||||||
| Citigroup, Inc. (1* TSFR3M + 182) (a) | 3.887 | % | 01/10/28 | 900,000 | 838,970 | |||||||||||
| Citigroup, Inc. | 3.070 | % | 02/24/28 | 800,000 | 725,681 | |||||||||||
| Citigroup, Inc. | 4.125 | % | 07/25/28 | 150,000 | 136,471 | |||||||||||
| Citigroup, Inc. (1* SOFR + 142) (a)(b) | 2.976 | % | 11/05/30 | 3,380,000 | 2,829,933 | |||||||||||
| Citigroup, Inc. | 2.666 | % | 01/29/31 | 1,650,000 | 1,338,174 | |||||||||||
| Citizens Bank NA | 4.575 | % | 08/09/28 | 1,350,000 | 1,232,978 | |||||||||||
| Comerica Bank, Series BKNT | 2.500 | % | 07/23/24 | 250,000 | 239,314 | |||||||||||
| Cooperative Rabobank UA (c) | 2.625 | % | 07/22/24 | 250,000 | 243,365 | |||||||||||
| Discover Bank | 3.450 | % | 07/27/26 | 1,500,000 | 1,364,152 | |||||||||||
| Discover Bank | 4.650 | % | 09/13/28 | 950,000 | 848,446 | |||||||||||
| Fifth Third Bancorp | 2.375 | % | 01/28/25 | 275,000 | 261,101 | |||||||||||
| Fifth Third Bancorp | 1.707 | % | 11/01/27 | 450,000 | 388,781 | |||||||||||
| Fifth Third Bancorp | 6.361 | % | 10/27/28 | 500,000 | 495,581 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.2% (Continued) | ||||||||||||||||
| First Horizon Bank (b) | 5.750 | % | 05/01/30 | $ | 250,000 | $ | 223,769 | |||||||||
| Goldman Sachs Group, Inc. | 0.657 | % | 09/10/24 | 375,000 | 374,107 | |||||||||||
| Goldman Sachs Group, Inc. (1* SOFR + 79) (a) | 1.093 | % | 12/09/26 | 950,000 | 849,999 | |||||||||||
| Goldman Sachs Group, Inc. | 1.948 | % | 10/21/27 | 1,000,000 | 882,953 | |||||||||||
| Goldman Sachs Group, Inc. (1* TSFR3M + 156) (a) | 4.223 | % | 05/01/29 | 650,000 | 601,269 | |||||||||||
| Goldman Sachs Group, Inc. | 2.600 | % | 02/07/30 | 500,000 | 409,500 | |||||||||||
| Goldman Sachs Group, Inc. (a) | 1.992 | % | 01/27/32 | 1,000,000 | 749,623 | |||||||||||
| Goldman Sachs Group, Inc. (1* SOFR + 128) (a) | 2.615 | % | 04/22/32 | 2,700,000 | 2,108,907 | |||||||||||
| Huntington Bancshares, Inc. | 2.625 | % | 08/06/24 | 125,000 | 120,824 | |||||||||||
| Huntington Bancshares, Inc. (b) | 4.443 | % | 08/04/28 | 750,000 | 692,759 | |||||||||||
| Huntington Bancshares, Inc. | 5.023 | % | 05/17/33 | 400,000 | 352,618 | |||||||||||
| Huntington National Bank | 5.699 | % | 11/18/25 | 500,000 | 488,706 | |||||||||||
| JPMorgan Chase & Co. | 0.824 | % | 06/01/25 | 1,350,000 | 1,299,582 | |||||||||||
| JPMorgan Chase & Co. | 0.768 | % | 08/09/25 | 600,000 | 571,490 | |||||||||||
| JPMorgan Chase & Co. | 1.561 | % | 12/10/25 | 200,000 | 189,016 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 80) (a) | 1.045 | % | 11/19/26 | 500,000 | 449,355 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 89) (a) | 1.578 | % | 04/22/27 | 400,000 | 356,973 | |||||||||||
| JPMorgan Chase & Co. | 1.470 | % | 09/22/27 | 1,350,000 | 1,182,717 | |||||||||||
| JPMorgan Chase & Co. (1* TSFR3M + 121) (a) | 3.509 | % | 01/23/29 | 1,425,000 | 1,292,556 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 115) (a) | 2.069 | % | 06/01/29 | 1,250,000 | 1,053,260 | |||||||||||
| JPMorgan Chase & Co. | 3.702 | % | 05/06/30 | 1,500,000 | 1,337,821 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 151) (a) | 2.739 | % | 10/15/30 | 450,000 | 376,320 | |||||||||||
| JPMorgan Chase & Co. | 2.545 | % | 11/08/32 | 475,000 | 367,600 | |||||||||||
| KeyBank NA (a) | 5.536 | % | 06/14/24 | 500,000 | 491,979 | |||||||||||
| KeyBank NA | 4.700 | % | 01/26/26 | 250,000 | 237,059 | |||||||||||
| KeyBank NA | 5.000 | % | 01/26/33 | 250,000 | 210,441 | |||||||||||
| KeyCorp | 2.550 | % | 10/01/29 | 385,000 | 300,326 | |||||||||||
| KeyCorp | 4.789 | % | 06/01/33 | 300,000 | 250,066 | |||||||||||
| M&T Bank Trust Co. | 5.400 | % | 11/21/25 | 600,000 | 581,835 | |||||||||||
| Morgan Stanley (1* SOFR + 46) (a)(b) | 5.537 | % | 01/25/24 | 500,000 | 499,895 | |||||||||||
| Morgan Stanley | 3.875 | % | 01/27/26 | 500,000 | 478,027 | |||||||||||
| Morgan Stanley | 3.125 | % | 07/27/26 | 200,000 | 185,759 | |||||||||||
| Morgan Stanley | 3.625 | % | 01/20/27 | 100,000 | 93,353 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.2% (Continued) | ||||||||||||||||
| Morgan Stanley, Series GMTN (1* SOFR + 114) (a) | 2.699 | % | 01/22/31 | $ | 2,675,000 | $ | 2,187,109 | |||||||||
| Morgan Stanley (1* SOFR + 103) (a) | 1.794 | % | 02/13/32 | 2,900,000 | 2,147,589 | |||||||||||
| Morgan Stanley | 1.928 | % | 04/28/32 | 750,000 | 557,100 | |||||||||||
| Morgan Stanley | 4.889 | % | 07/20/33 | 1,000,000 | 908,626 | |||||||||||
| PNC Bank NA | 2.700 | % | 10/22/29 | 250,000 | 203,387 | |||||||||||
| PNC Financial Services Group, Inc. (The) | 2.600 | % | 07/23/26 | 250,000 | 230,729 | |||||||||||
| PNC Financial Services Group, Inc. (The) | 5.582 | % | 06/12/29 | 500,000 | 485,057 | |||||||||||
| PNC Financial Services Group, Inc. (The) | 6.037 | % | 10/28/33 | 850,000 | 824,901 | |||||||||||
| PNC Financial Services Group, Inc. (The) (b) | 5.939 | % | 08/18/34 | 1,000,000 | 960,822 | |||||||||||
| Regions Financial Corp. | 2.250 | % | 05/18/25 | 275,000 | 256,533 | |||||||||||
| Royal Bank of Canada | 4.950 | % | 04/25/25 | 375,000 | 369,569 | |||||||||||
| Royal Bank of Canada, Series H | 1.150 | % | 07/14/26 | 200,000 | 176,727 | |||||||||||
| Royal Bank of Canada (b) | 4.900 | % | 01/12/28 | 500,000 | 485,645 | |||||||||||
| Royal Bank of Canada (b) | 3.875 | % | 05/04/32 | 300,000 | 261,497 | |||||||||||
| Royal Bank of Canada (b) | 5.000 | % | 05/02/33 | 1,000,000 | 929,074 | |||||||||||
| State Street Corp. (1* SOFR + 94) (a) | 2.354 | % | 11/01/25 | 175,000 | 167,734 | |||||||||||
| State Street Corp. | 5.272 | % | 08/03/26 | 700,000 | 693,424 | |||||||||||
| State Street Corp. (a) | 4.164 | % | 08/04/33 | 300,000 | 261,905 | |||||||||||
| Toronto-Dominion Bank (The) | 0.750 | % | 01/06/26 | 350,000 | 312,286 | |||||||||||
| Toronto-Dominion Bank (The) (b) | 1.200 | % | 06/03/26 | 700,000 | 620,711 | |||||||||||
| Toronto-Dominion Bank (The) | 5.156 | % | 01/10/28 | 500,000 | 487,996 | |||||||||||
| Toronto-Dominion Bank (The), Series C | 5.523 | % | 07/17/28 | 500,000 | 493,519 | |||||||||||
| Toronto-Dominion Bank (The) | 3.200 | % | 03/10/32 | 236,000 | 193,175 | |||||||||||
| Truist Financial Corp. (b) | 5.900 | % | 10/28/26 | 250,000 | 247,241 | |||||||||||
| Truist Financial Corp. | 6.047 | % | 06/08/27 | 500,000 | 494,561 | |||||||||||
| Truist Financial Corp. | 4.873 | % | 01/26/29 | 500,000 | 469,355 | |||||||||||
| Truist Financial Corp. | 1.887 | % | 06/07/29 | 1,000,000 | 821,200 | |||||||||||
| US Bancorp (b) | 2.400 | % | 07/30/24 | 100,000 | 97,135 | |||||||||||
| US Bancorp | 2.215 | % | 01/27/28 | 800,000 | 705,756 | |||||||||||
| US Bancorp | 4.548 | % | 07/22/28 | 300,000 | 281,792 | |||||||||||
| US Bancorp | 5.775 | % | 06/12/29 | 450,000 | 438,021 | |||||||||||
| US Bancorp (b) | 4.839 | % | 02/01/34 | 1,000,000 | 880,457 | |||||||||||
| Wells Fargo & Co. | 2.164 | % | 02/11/26 | 1,050,000 | 991,176 | |||||||||||
| Wells Fargo & Co. (1* SOFR + 200) (a) | 2.188 | % | 04/30/26 | 500,000 | 469,467 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.2% (Continued) | ||||||||||||||||
| Wells Fargo & Co. (1* SOFR + 210) (a) | 2.393 | % | 06/02/28 | $ | 650,000 | $ | 570,030 | |||||||||
| Wells Fargo & Co., Series W (1* SOFR + 174) (a) | 5.574 | % | 07/25/29 | 900,000 | 878,032 | |||||||||||
| Wells Fargo & Co. (a) | 2.879 | % | 10/30/30 | 1,500,000 | 1,248,683 | |||||||||||
| Wells Fargo & Co. | 3.350 | % | 03/02/33 | 2,700,000 | 2,182,527 | |||||||||||
| 70,707,875 | ||||||||||||||||
| Basic Industry - 0.1% | ||||||||||||||||
| FMC Corp. | 3.450 | % | 10/01/29 | 300,000 | 252,623 | |||||||||||
| Nucor Corp., CV | 2.000 | % | 06/01/25 | 250,000 | 234,730 | |||||||||||
| Nucor Corp. | 3.125 | % | 04/01/32 | 250,000 | 206,653 | |||||||||||
| PPG Industries, Inc. | 2.400 | % | 08/15/24 | 110,000 | 106,735 | |||||||||||
| PPG Industries, Inc. | 2.550 | % | 06/15/30 | 300,000 | 246,839 | |||||||||||
| Sherwin Williams Co. | 3.300 | % | 02/01/25 | 350,000 | 336,800 | |||||||||||
| Sherwin-Williams Co. | 2.300 | % | 05/15/30 | 250,000 | 203,417 | |||||||||||
| 1,587,797 | ||||||||||||||||
| Brokerage Asset Managers Exchanges - 0.3% | ||||||||||||||||
| Ameriprise Financial, Inc. | 3.000 | % | 04/02/25 | 250,000 | 239,792 | |||||||||||
| Ameriprise Financial, Inc. | 5.150 | % | 05/15/33 | 800,000 | 755,638 | |||||||||||
| BlackRock, Inc. | 4.750 | % | 05/25/33 | 800,000 | 750,771 | |||||||||||
| CBOE Global Markets, Inc. | 3.650 | % | 01/12/27 | 100,000 | 94,841 | |||||||||||
| Charles Schwab Corp. (The) (a)(b) | 5.853 | % | 05/19/34 | 1,100,000 | 1,045,983 | |||||||||||
| Charles Schwab Corp. (The) (a) | 6.136 | % | 08/24/34 | 450,000 | 437,740 | |||||||||||
| Intercontinental Exchange, Inc. | 4.950 | % | 06/15/52 | 875,000 | 754,233 | |||||||||||
| 4,078,998 | ||||||||||||||||
| Capital Goods - 0.5% | ||||||||||||||||
| Carrier Global Corp. | 2.722 | % | 02/15/30 | 250,000 | 208,344 | |||||||||||
| John Deere Capital Corp., Series I | 4.950 | % | 07/14/28 | 400,000 | 394,476 | |||||||||||
| John Deere Capital Corp., Series I | 4.700 | % | 06/10/30 | 1,350,000 | 1,298,207 | |||||||||||
| Johnson Controls International plc | 2.000 | % | 09/16/31 | 500,000 | 382,772 | |||||||||||
| L3 Harris Technologies, Inc. | 3.850 | % | 12/15/26 | 1,050,000 | 994,330 | |||||||||||
| Lennox International, Inc. | 3.000 | % | 11/15/23 | 100,000 | 99,638 | |||||||||||
| Lockheed Martin Corp. | 4.450 | % | 05/15/28 | 250,000 | 241,954 | |||||||||||
| Lockheed Martin Corp. | 5.250 | % | 01/15/33 | 425,000 | 419,803 | |||||||||||
| Republic Services, Inc. | 2.500 | % | 08/15/24 | 200,000 | 194,251 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Capital Goods - 0.5% (Continued) | ||||||||||||||||
| Waste Management, Inc., Series 19-SFR4, Class A (b) | 3.125 | % | 03/01/25 | $ | 400,000 | $ | 386,721 | |||||||||
| Waste Management, Inc. | 1.150 | % | 03/15/28 | 300,000 | 251,315 | |||||||||||
| Waste Management, Inc. | 4.625 | % | 02/15/30 | 875,000 | 835,711 | |||||||||||
| 5,707,522 | ||||||||||||||||
| Communications - 0.9% | ||||||||||||||||
| American Tower Corp. | 3.125 | % | 01/15/27 | 300,000 | 274,332 | |||||||||||
| American Tower Corp. | 5.800 | % | 11/15/28 | 250,000 | 248,118 | |||||||||||
| American Tower Corp. | 2.100 | % | 06/15/30 | 200,000 | 155,655 | |||||||||||
| AT&T, Inc. | 2.300 | % | 06/01/27 | 650,000 | 575,540 | |||||||||||
| AT&T, Inc. | 2.550 | % | 12/01/33 | 114,000 | 83,732 | |||||||||||
| AT&T, Inc. | 4.500 | % | 05/15/35 | 100,000 | 85,297 | |||||||||||
| AT&T, Inc., Class B | 3.500 | % | 06/01/41 | 400,000 | 277,892 | |||||||||||
| AT&T, Inc. | 4.300 | % | 12/15/42 | 500,000 | 385,538 | |||||||||||
| British Telecommunications plc (b)(c) | 3.250 | % | 11/08/29 | 275,000 | 237,387 | |||||||||||
| Comcast Corp. | 5.350 | % | 11/15/27 | 450,000 | 449,765 | |||||||||||
| Comcast Corp. | 2.650 | % | 02/01/30 | 100,000 | 84,466 | |||||||||||
| Comcast Corp. | 1.950 | % | 01/15/31 | 1,025,000 | 801,395 | |||||||||||
| Comcast Corp. | 3.969 | % | 11/01/47 | 144,000 | 107,436 | |||||||||||
| Comcast Corp. | 5.350 | % | 05/15/53 | 925,000 | 843,416 | |||||||||||
| Deutsche Telekom International Finance BV (c) | 4.750 | % | 06/21/38 | 100,000 | 86,828 | |||||||||||
| Fox Corp. | 4.030 | % | 01/25/24 | 50,000 | 49,645 | |||||||||||
| T Mobile USA, Inc. | 5.750 | % | 01/15/34 | 1,000,000 | 975,522 | |||||||||||
| T Mobile USA, Inc. (b) | 5.650 | % | 01/15/53 | 400,000 | 365,301 | |||||||||||
| T-Mobile USA, Inc. | 3.375 | % | 04/15/29 | 700,000 | 615,678 | |||||||||||
| Verizon Communications, Inc. | 1.750 | % | 01/20/31 | 700,000 | 527,491 | |||||||||||
| Verizon Communications, Inc. | 2.355 | % | 03/15/32 | 1,237,000 | 943,780 | |||||||||||
| Verizon Communications, Inc. | 4.500 | % | 08/10/33 | 550,000 | 489,690 | |||||||||||
| Walt Disney Co. (The) | 2.000 | % | 09/01/29 | 550,000 | 455,009 | |||||||||||
| WarnerMedia Holdings, Inc. (b) | 4.279 | % | 03/15/32 | 1,225,000 | 1,039,803 | |||||||||||
| 10,158,716 | ||||||||||||||||
| Consumer Cyclical - 1.3% | ||||||||||||||||
| Amazon.com, Inc. (b) | 3.450 | % | 04/13/29 | 675,000 | 623,287 | |||||||||||
| BMW US Capital, LLC (c) | 3.900 | % | 04/09/25 | 300,000 | 292,399 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Consumer Cyclical - 1.3% (Continued) | ||||||||||||||||
| CVS Health Corp. | 5.125 | % | 02/21/30 | $ | 500,000 | $ | 480,912 | |||||||||
| CVS Health Corp. | 3.750 | % | 04/01/30 | 500,000 | 441,969 | |||||||||||
| CVS Health Corp. | 5.050 | % | 03/25/48 | 250,000 | 207,711 | |||||||||||
| CVS Health Corp. | 5.875 | % | 06/01/53 | 450,000 | 416,134 | |||||||||||
| Dollar General Corp. (b) | 5.450 | % | 07/05/33 | 1,300,000 | 1,200,623 | |||||||||||
| Expedia, Inc. (b) | 3.800 | % | 02/15/28 | 1,250,000 | 1,141,960 | |||||||||||
| General Motors Co. (b) | 5.400 | % | 10/15/29 | 1,525,000 | 1,453,547 | |||||||||||
| General Motors Financial Co., Inc. | 1.500 | % | 06/10/26 | 700,000 | 618,519 | |||||||||||
| General Motors Financial Co., Inc. | 2.700 | % | 08/20/27 | 1,000,000 | 877,215 | |||||||||||
| Honda Motor Co. (b) | 2.534 | % | 03/10/27 | 200,000 | 181,777 | |||||||||||
| Lowes Cos., Inc. | 2.625 | % | 04/01/31 | 950,000 | 768,451 | |||||||||||
| Lowes Cos., Inc. | 5.625 | % | 04/15/53 | 2,000,000 | 1,817,833 | |||||||||||
| Mercedes-Benz Financing (c) | 4.800 | % | 03/30/28 | 500,000 | 484,367 | |||||||||||
| Ross Stores, Inc. | 4.800 | % | 04/15/30 | 1,050,000 | 975,807 | |||||||||||
| Toyota Motor Credit Corp. | 0.500 | % | 06/18/24 | 500,000 | 482,099 | |||||||||||
| Toyota Motor Credit Corp. (b) | 0.800 | % | 01/09/26 | 300,000 | 270,645 | |||||||||||
| Toyota Motor Credit Corp. (b) | 4.550 | % | 05/17/30 | 1,450,000 | 1,374,206 | |||||||||||
| Walgreens Boots Alliance, Inc. (b) | 3.200 | % | 04/15/30 | 250,000 | 203,363 | |||||||||||
| Walmart, Inc. | 4.500 | % | 04/15/53 | 450,000 | 387,334 | |||||||||||
| 14,700,158 | ||||||||||||||||
| Consumer Non-Cyclical - 1.3% | ||||||||||||||||
| Abbott Laboratories | 4.750 | % | 11/30/36 | 100,000 | 95,004 | |||||||||||
| AbbVie, Inc. | 3.600 | % | 05/14/25 | 500,000 | 483,226 | |||||||||||
| AbbVie, Inc. | 2.950 | % | 11/21/26 | 335,000 | 310,884 | |||||||||||
| AbbVie, Inc. | 3.200 | % | 11/21/29 | 750,000 | 661,836 | |||||||||||
| AbbVie, Inc. | 4.550 | % | 03/15/35 | 100,000 | 90,959 | |||||||||||
| Amgen, Inc. | 1.900 | % | 02/21/25 | 310,000 | 294,775 | |||||||||||
| Amgen, Inc. | 3.000 | % | 02/22/29 | 500,000 | 444,311 | |||||||||||
| Amgen, Inc. | 4.200 | % | 03/01/33 | 400,000 | 355,629 | |||||||||||
| Amgen, Inc. | 5.600 | % | 03/02/43 | 425,000 | 395,115 | |||||||||||
| Anheuser-Busch Cos., LLC | 4.700 | % | 02/01/36 | 1,900,000 | 1,741,419 | |||||||||||
| Baxter International, Inc. | 1.915 | % | 02/01/27 | 300,000 | 264,586 | |||||||||||
| Bristol-Myers Squibb Co. (b) | 2.950 | % | 03/15/32 | 300,000 | 250,392 | |||||||||||
| Constellation Brands, Inc. | 3.150 | % | 08/01/29 | 775,000 | 679,000 | |||||||||||
| Constellation Brands, Inc. | 2.250 | % | 08/01/31 | 350,000 | 272,648 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Consumer Non-Cyclical - 1.3% (Continued) | ||||||||||||||||
| HCA, Inc. | 4.125 | % | 06/15/29 | $ | 650,000 | $ | 588,433 | |||||||||
| Kroger Co. (The) | 3.500 | % | 02/01/26 | 1,250,000 | 1,189,862 | |||||||||||
| Kroger Co. (The) | 2.650 | % | 10/15/26 | 100,000 | 91,733 | |||||||||||
| Kroger Co. (The) (b) | 2.200 | % | 05/01/30 | 125,000 | 99,948 | |||||||||||
| Kroger Co. (The) | 1.700 | % | 01/15/31 | 550,000 | 414,425 | |||||||||||
| Laboratory Corp. of American Holdings | 1.550 | % | 06/01/26 | 375,000 | 335,916 | |||||||||||
| Mondelez International, Inc. (c) | 1.250 | % | 09/24/26 | 300,000 | 264,833 | |||||||||||
| Mondelez International, Inc. | 3.000 | % | 03/17/32 | 300,000 | 246,932 | |||||||||||
| Pfizer, Inc. | 5.340 | % | 05/19/63 | 1,800,000 | 1,644,380 | |||||||||||
| Phillip Morris International, Inc. | 5.500 | % | 09/07/30 | 1,500,000 | 1,458,583 | |||||||||||
| Phillip Morris International, Inc. (b) | 5.375 | % | 02/15/33 | 900,000 | 853,053 | |||||||||||
| Zoetis, Inc., Series 4006 | 2.000 | % | 05/15/30 | 1,175,000 | 940,557 | |||||||||||
| 14,468,439 | ||||||||||||||||
| Electric - 1.3% | ||||||||||||||||
| Ameren Corp. | 2.500 | % | 09/15/24 | 130,000 | 125,734 | |||||||||||
| American Electric Power, Inc. | 1.000 | % | 11/01/25 | 500,000 | 453,073 | |||||||||||
| CMS Energy Corp. | 2.950 | % | 02/15/27 | 100,000 | 90,816 | |||||||||||
| Dominion Energy, Inc. | 1.450 | % | 04/15/26 | 750,000 | 674,767 | |||||||||||
| DTE Electric Co. | 5.200 | % | 04/01/33 | 450,000 | 436,380 | |||||||||||
| DTE Energy Co., Series C | 2.529 | % | 10/01/24 | 150,000 | 144,718 | |||||||||||
| DTE Energy Co., Series E | 2.850 | % | 10/01/26 | 100,000 | 91,804 | |||||||||||
| DTE Energy Co., Series H | 2.950 | % | 03/01/30 | 125,000 | 104,643 | |||||||||||
| Duke Energy Corp. | 4.300 | % | 03/15/28 | 825,000 | 782,267 | |||||||||||
| Duke Energy Indiana, LLC | 2.750 | % | 04/01/50 | 370,000 | 211,878 | |||||||||||
| Duke Energy Ohio, Inc. (b) | 5.250 | % | 04/01/33 | 250,000 | 241,353 | |||||||||||
| Duke Energy Progress, Inc. | 2.000 | % | 08/15/31 | 600,000 | 461,981 | |||||||||||
| Florida Power & Light Co. (b) | 5.100 | % | 04/01/33 | 500,000 | 483,697 | |||||||||||
| Idaho Power Co. | 5.500 | % | 03/15/53 | 900,000 | 832,131 | |||||||||||
| Idaho Power Co. | 5.800 | % | 04/01/54 | 1,850,000 | 1,773,641 | |||||||||||
| MidAmerican Energy Co. | 3.650 | % | 04/15/29 | 350,000 | 319,777 | |||||||||||
| Nevada Power Co., Series 2023A | 6.000 | % | 03/15/54 | 450,000 | 439,426 | |||||||||||
| NextEra Energy Cap Holdings, Inc. | 4.625 | % | 07/15/27 | 1,535,000 | 1,479,521 | |||||||||||
| Northern States Power Co. (b) | 2.250 | % | 04/01/31 | 500,000 | 399,076 | |||||||||||
| Northern States Power Co. | 5.100 | % | 05/15/53 | 900,000 | 805,248 | |||||||||||
| Oncor Electric Delivery Co., LLC | 3.750 | % | 04/01/45 | 490,000 | 362,224 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Electric - 1.3% (Continued) | ||||||||||||||||
| Oncor Electric Delivery Co., LLC (c) | 4.950 | % | 09/15/52 | $ | 500,000 | $ | 435,556 | |||||||||
| PacifiCorp (b) | 5.500 | % | 05/15/54 | 450,000 | 381,652 | |||||||||||
| PECO Energy Co. | 3.000 | % | 09/15/49 | 200,000 | 124,436 | |||||||||||
| PPL Electric Utilities Corp. | 5.000 | % | 05/15/33 | 900,000 | 858,993 | |||||||||||
| PPL Electric Utilities Corp. | 3.000 | % | 10/01/49 | 160,000 | 100,247 | |||||||||||
| Public Service Co. of Colorado | 4.500 | % | 06/01/52 | 400,000 | 312,083 | |||||||||||
| Public Service Electric & Gas Co. | 2.250 | % | 09/15/26 | 100,000 | 91,857 | |||||||||||
| Southwestern Electric Power Co. | 2.750 | % | 10/01/26 | 100,000 | 91,805 | |||||||||||
| WEC Energy Group, Inc. | 0.800 | % | 03/15/24 | 700,000 | 683,566 | |||||||||||
| Wisconsin Power & Light Co. | 1.950 | % | 09/16/31 | 800,000 | 607,038 | |||||||||||
| 14,401,388 | ||||||||||||||||
| Energy - 0.9% | ||||||||||||||||
| BP Capital Markets America | 4.812 | % | 02/13/33 | 800,000 | 748,704 | |||||||||||
| BP Capital Markets America | 4.893 | % | 09/11/33 | 500,000 | 469,412 | |||||||||||
| ConocoPhillips Co. | 5.550 | % | 03/15/54 | 450,000 | 427,692 | |||||||||||
| Coterra Energy, Inc. | 3.900 | % | 05/15/27 | 100,000 | 93,908 | |||||||||||
| Diamondback Energy, Inc. | 3.250 | % | 12/01/26 | 200,000 | 186,992 | |||||||||||
| Diamondback Energy, Inc. | 6.250 | % | 03/15/53 | 500,000 | 476,993 | |||||||||||
| Energy Transfer Operating, LP | 4.500 | % | 04/15/24 | 75,000 | 74,357 | |||||||||||
| Energy Transfer, LP | 4.950 | % | 05/15/28 | 1,100,000 | 1,052,369 | |||||||||||
| Helmerich & Payne, Inc. | 2.900 | % | 09/29/31 | 1,650,000 | 1,304,963 | |||||||||||
| Marathon Petroleum Corp. | 5.000 | % | 09/15/54 | 1,250,000 | 967,107 | |||||||||||
| MPLX, LP | 5.000 | % | 03/01/33 | 1,000,000 | 911,237 | |||||||||||
| Occidental Petroleum Corp. (b) | 5.550 | % | 03/15/26 | 1,575,000 | 1,554,241 | |||||||||||
| Phillips 66 | 2.450 | % | 12/15/24 | 100,000 | 95,945 | |||||||||||
| Phillips 66 | 3.550 | % | 10/01/26 | 100,000 | 94,189 | |||||||||||
| Phillips 66 | 5.300 | % | 06/30/33 | 875,000 | 837,315 | |||||||||||
| Shell International Finance BV | 2.375 | % | 11/07/29 | 645,000 | 549,081 | |||||||||||
| Shell International Finance BV | 6.375 | % | 12/15/38 | 73,000 | 77,850 | |||||||||||
| Total Capital International SA | 2.829 | % | 01/10/30 | 120,000 | 104,078 | |||||||||||
| 10,026,433 | ||||||||||||||||
| Insurance - 1.5% | ||||||||||||||||
| Athene Global Funding (c) | 2.500 | % | 01/14/25 | 225,000 | 212,646 | |||||||||||
| Equitable Financial Life (c) | 1.800 | % | 03/08/28 | 609,000 | 509,650 | |||||||||||
| Jackson National Life Global Funding (c) | 5.500 | % | 01/09/26 | 800,000 | 781,753 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Insurance - 1.5% (Continued) | ||||||||||||||||
| Lincoln National Corp. (b) | 3.625 | % | 12/12/26 | $ | 100,000 | $ | 92,902 | |||||||||
| MassMutual Global Funding (c) | 4.150 | % | 08/26/25 | 500,000 | 486,388 | |||||||||||
| MassMutual Global Funding (c) | 1.200 | % | 07/16/26 | 400,000 | 354,050 | |||||||||||
| MassMutual Global Funding (c) | 2.150 | % | 03/09/31 | 500,000 | 391,427 | |||||||||||
| MassMutual Global Funding II (b)(c) | 5.050 | % | 06/14/28 | 500,000 | 488,077 | |||||||||||
| Met Life Global Funding I (c) | 5.400 | % | 09/12/28 | 1,850,000 | 1,829,417 | |||||||||||
| Met Life Global Funding I (c) | 4.300 | % | 08/25/29 | 1,000,000 | 935,018 | |||||||||||
| Met Life Global Funding I (b)(c) | 1.550 | % | 01/07/31 | 900,000 | 676,114 | |||||||||||
| Met Life Global Funding I (c) | 5.150 | % | 03/28/33 | 500,000 | 473,475 | |||||||||||
| Met Tower Global Funding (c) | 3.700 | % | 06/13/25 | 350,000 | 337,151 | |||||||||||
| New York Life Global Funding (c) | 2.900 | % | 01/17/24 | 100,000 | 99,151 | |||||||||||
| New York Life Global Funding (c) | 1.150 | % | 06/09/26 | 50,000 | 44,294 | |||||||||||
| New York Life Global Funding (c) | 4.900 | % | 06/13/28 | 1,000,000 | 972,236 | |||||||||||
| New York Life Global Funding (c) | 1.200 | % | 08/07/30 | 1,250,000 | 938,981 | |||||||||||
| Northwestern Mutual Global Funding (c) | 4.000 | % | 07/01/25 | 400,000 | 388,371 | |||||||||||
| Northwestern Mutual Global Funding (c) | 4.350 | % | 09/15/27 | 400,000 | 383,417 | |||||||||||
| Pacific Life Global Fund II (c) | 1.450 | % | 01/20/28 | 500,000 | 414,397 | |||||||||||
| Pricoa Global Funding I (c) | 5.550 | % | 08/28/26 | 700,000 | 700,057 | |||||||||||
| Pricoa Global Funding I (c) | 5.100 | % | 05/30/28 | 500,000 | 491,180 | |||||||||||
| Principal Life Global Funding II (c) | 1.250 | % | 06/23/25 | 525,000 | 484,236 | |||||||||||
| Principal Life Global Funding II (c) | 0.875 | % | 01/12/26 | 500,000 | 446,480 | |||||||||||
| Progressive Corp. | 3.200 | % | 03/26/30 | 240,000 | 208,842 | |||||||||||
| Protective Life Global Funding (c) | 3.218 | % | 03/28/25 | 285,000 | 272,948 | |||||||||||
| Protective Life Global Funding (c) | 5.209 | % | 04/14/26 | 1,000,000 | 979,627 | |||||||||||
| Protective Life Global Funding (c) | 1.900 | % | 07/06/28 | 650,000 | 551,452 | |||||||||||
| Protective Life Global Funding (c) | 1.737 | % | 09/21/30 | 1,100,000 | 832,719 | |||||||||||
| UnitedHealth Group, Inc. | 4.200 | % | 05/15/32 | 900,000 | 821,449 | |||||||||||
| UnitedHealth Group, Inc. | 5.350 | % | 02/15/33 | 250,000 | 247,295 | |||||||||||
| UnitedHealth Group, Inc. | 4.250 | % | 06/15/48 | 500,000 | 399,187 | |||||||||||
| UnitedHealth Group, Inc. | 5.200 | % | 04/15/63 | 500,000 | 446,366 | |||||||||||
| 17,690,753 | ||||||||||||||||
| Natural Gas - 0.1% | ||||||||||||||||
| Atmos Energy Corp. | 2.625 | % | 09/15/29 | 310,000 | 268,555 | |||||||||||
| Atmos Energy Corp. | 4.125 | % | 03/15/49 | 885,000 | 681,339 | |||||||||||
| 949,894 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Other Utility - 0.1% | ||||||||||||||||
| American Water Capital Corp. | 2.800 | % | 05/01/30 | $ | 300,000 | $ | 253,737 | |||||||||
| American Water Capital Corp. | 2.300 | % | 06/01/31 | 825,000 | 657,270 | |||||||||||
| 911,007 | ||||||||||||||||
| REITS - 0.5% | ||||||||||||||||
| Alexandria Real Estate Equities, Inc. | 3.950 | % | 01/15/28 | 100,000 | 92,672 | |||||||||||
| American Homes 4 Rent | 4.250 | % | 02/15/28 | 100,000 | 93,005 | |||||||||||
| Boston Properties, LP | 2.750 | % | 10/01/26 | 50,000 | 44,832 | |||||||||||
| CubeSmart, LP | 2.250 | % | 12/15/28 | 2,700,000 | 2,258,547 | |||||||||||
| ERP Operating, LP | 2.850 | % | 11/01/26 | 100,000 | 92,433 | |||||||||||
| ERP Operating, LP | 2.500 | % | 02/15/30 | 150,000 | 124,166 | |||||||||||
| Extra Space Storage, LP | 3.875 | % | 12/15/27 | 100,000 | 91,637 | |||||||||||
| Public Storage (b) | 1.850 | % | 05/01/28 | 800,000 | 684,634 | |||||||||||
| Realty Income Corp. | 0.750 | % | 03/15/26 | 1,375,000 | 1,217,689 | |||||||||||
| Realty Income Corp. | 3.000 | % | 01/15/27 | 100,000 | 91,668 | |||||||||||
| Spirit Realty, LP | 4.450 | % | 09/15/26 | 413,000 | 391,937 | |||||||||||
| Spirit Realty, LP | 2.100 | % | 03/15/28 | 250,000 | 210,430 | |||||||||||
| Spirit Realty, LP | 4.000 | % | 07/15/29 | 60,000 | 53,078 | |||||||||||
| Spirit Realty, LP | 3.200 | % | 02/15/31 | 250,000 | 201,945 | |||||||||||
| 5,648,673 | ||||||||||||||||
| Technology - 0.7% | ||||||||||||||||
| Apple, Inc. | 2.200 | % | 09/11/29 | 250,000 | 214,484 | |||||||||||
| Apple, Inc. | 1.650 | % | 05/11/30 | 300,000 | 243,233 | |||||||||||
| Apple, Inc. | 4.100 | % | 08/08/62 | 1,025,000 | 788,326 | |||||||||||
| Dell International, LLC / EMC Corp. | 4.900 | % | 10/01/26 | 638,000 | 622,466 | |||||||||||
| Dell International, LLC / EMC Corp. (b) | 5.300 | % | 10/01/29 | 100,000 | 97,077 | |||||||||||
| Dell International, LLC / EMC Corp. (b) | 5.750 | % | 02/01/33 | 350,000 | 340,068 | |||||||||||
| Fidelity National Information Services, Inc. | 1.650 | % | 03/01/28 | 300,000 | 253,890 | |||||||||||
| Mastercard, Inc. | 2.000 | % | 11/18/31 | 2,300,000 | 1,804,206 | |||||||||||
| Oracle Corp. | 2.875 | % | 03/25/31 | 500,000 | 408,415 | |||||||||||
| Oracle Corp. | 3.600 | % | 04/01/40 | 1,700,000 | 1,228,321 | |||||||||||
| Oracle Corp. | 6.900 | % | 11/09/52 | 250,000 | 257,532 | |||||||||||
| QUALCOMM, Inc. | 6.000 | % | 05/20/53 | 425,000 | 431,024 | |||||||||||
| Visa, Inc. | 3.150 | % | 12/14/25 | 800,000 | 763,562 | |||||||||||
| Xilinx, Inc. | 2.375 | % | 06/01/30 | 1,000,000 | 827,897 | |||||||||||
| 8,280,501 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Corporate Credit - 16.3% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Transportation - 0.6% | ||||||||||||||||
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A (c) | 4.800 | % | 02/15/29 | $ | 114,725 | $ | 110,005 | |||||||||
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200 | % | 12/15/29 | 313,650 | 282,113 | |||||||||||
| Burlington North Santa Fe, LLC | 5.050 | % | 03/01/41 | 500,000 | 458,353 | |||||||||||
| CSX Corp. | 4.250 | % | 11/01/66 | 100,000 | 74,565 | |||||||||||
| FedEx Corp. (b) | 2.400 | % | 05/15/31 | 500,000 | 400,986 | |||||||||||
| FedEx Corp., Series 2020-1, Class AA, CV | 1.875 | % | 02/20/34 | 1,280,363 | 1,032,569 | |||||||||||
| Kirby Corp. | 4.200 | % | 03/01/28 | 600,000 | 557,877 | |||||||||||
| Norfolk Southern Corp. | 3.000 | % | 03/15/32 | 600,000 | 494,356 | |||||||||||
| Ryder System, Inc. | 2.850 | % | 03/01/27 | 500,000 | 454,966 | |||||||||||
| Ryder System, Inc. | 5.650 | % | 03/01/28 | 500,000 | 494,895 | |||||||||||
| Southwest Airlines Co. (b) | 2.625 | % | 02/10/30 | 1,300,000 | 1,071,054 | |||||||||||
| U.S. Airways Pass-Through Trust, Series 2011-1, Class A | 7.125 | % | 04/22/25 | 22,123 | 22,123 | |||||||||||
| United Airlines Pass-Through Trust, Series 2020-1B, Class B | 4.875 | % | 07/15/27 | 323,250 | 312,929 | |||||||||||
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875 | % | 04/15/29 | 204,850 | 203,100 | |||||||||||
| United Parcel Service, Inc. (b) | 4.875 | % | 03/03/33 | 900,000 | 867,017 | |||||||||||
| 6,836,908 | ||||||||||||||||
| Total Corporate Credit (Cost $200,363,464) | $ | 186,155,062 | ||||||||||||||
| Government Related - 0.1% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Government Owned, No Guarantee - 0.1% | ||||||||||||||||
| Tennessee Valley Authority | 4.250 | % | 09/15/52 | 500,000 | $ | 409,791 | ||||||||||
| Tennessee Valley Authority | 4.625 | % | 09/15/60 | 525,000 | 454,950 | |||||||||||
| Total Government Related (Cost $1,247,847) | $ | 864,741 | ||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 2.9% | ||||||||||||||||
| BXG Receivables Note Trust, Series 2018-A, Class C (c) | 4.440 | % | 02/02/34 | $ | 159,867 | $ | 150,998 | |||||||||
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B (c) | 1.830 | % | 03/20/41 | 1,000,000 | 854,099 | |||||||||||
| Diamond Resorts Owner Trust, Series 2019-1, Class B (c) | 3.530 | % | 02/20/32 | 42,745 | 42,722 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class B (c) | 2.050 | % | 11/21/33 | 676,664 | 623,008 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class C (c) | 2.700 | % | 11/21/33 | 171,422 | 156,872 | |||||||||||
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A (a)(c) | 4.450 | % | 01/25/26 | 2,000,000 | 1,731,752 | |||||||||||
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A (a)(c) | 3.620 | % | 07/25/26 | 3,300,000 | 2,706,017 | |||||||||||
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A (c) | 3.850 | % | 10/25/26 | 3,900,000 | 3,200,400 | |||||||||||
| FMC GMSR Issuer Trust, Series 2022-GT2, Class A (c) | 7.900 | % | 07/25/27 | 2,350,000 | 2,307,355 | |||||||||||
| Gold Key Resorts, LLC, Series 2014-A, Class A (c) | 3.220 | % | 03/17/31 | 1,617 | 1,608 | |||||||||||
| GoodGreen Trust, Series 2017-1A, Class A (c) | 3.740 | % | 10/15/52 | 166,023 | 148,604 | |||||||||||
| GoodGreen Trust, Series 2020-1A, Class A (c) | 2.630 | % | 04/15/55 | 269,768 | 224,258 | |||||||||||
| Helios Issuer, LLC, Series 2019-AA, Class A (c) | 3.750 | % | 06/20/46 | 87,655 | 77,265 | |||||||||||
| Helios Issuer, LLC, Series 2020-4, Class A (c) | 2.980 | % | 06/20/47 | 213,808 | 190,196 | |||||||||||
| Helios Issuer, LLC, Series 2021-A, Class A (c) | 1.800 | % | 02/20/48 | 505,123 | 424,827 | |||||||||||
| Helios Issuer, LLC, Series 2022-C, Class C (c) | 6.000 | % | 11/22/49 | 1,896,811 | 1,599,478 | |||||||||||
| Helios Issuer, LLC, Series 2023-B, Class C (c) | 6.000 | % | 08/22/50 | 788,228 | 683,684 | |||||||||||
| Hero Funding Trust, Series 2016-2A, Class A (c) | 3.750 | % | 09/20/41 | 79,561 | 69,765 | |||||||||||
| Hero Funding Trust, Series 2016-3A, Class A1 (c) | 3.080 | % | 09/20/42 | 119,952 | 103,217 | |||||||||||
| Hero Funding Trust, Series 2016-4A, Class A1 (c) | 3.570 | % | 09/20/47 | 112,019 | 97,486 | |||||||||||
| Hero Funding Trust, Series 2016-4B, Class B (c) | 4.990 | % | 09/20/47 | 41,724 | 40,649 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 2.9% (Continued) | ||||||||||||||||
| Hero Funding Trust, Series 2017-3A, Class A1 (c) | 3.190 | % | 09/20/48 | $ | 100,815 | $ | 84,374 | |||||||||
| Hero Funding Trust, Series 2017-3A, Class A2 (c) | 3.950 | % | 09/20/48 | 368,837 | 317,877 | |||||||||||
| Hero Funding Trust, Series 2018-1A, Class A2 (c) | 4.670 | % | 09/20/48 | 39,214 | 35,533 | |||||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class C (c) | 3.420 | % | 10/09/39 | 261,017 | 240,024 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2020-3GS, Class B (c) | 3.450 | % | 12/20/47 | 508,988 | 368,015 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A (c) | 2.290 | % | 01/20/48 | 479,780 | 360,223 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class B (c) | 2.840 | % | 01/20/48 | 771,979 | 544,233 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A (c) | 2.220 | % | 03/20/48 | 713,178 | 513,883 | |||||||||||
| Mill City Solar Loan Ltd., Series 2019-2GS, Class A (c) | 3.690 | % | 07/20/43 | 119,749 | 99,859 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2018-1, Class A (c) | 4.010 | % | 06/22/43 | 63,875 | 57,382 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2017-2, Class B (c) | 4.770 | % | 06/22/43 | 37,210 | 32,855 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2020-1, Class A (c) | 2.100 | % | 04/20/46 | 246,711 | 207,953 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2023-1A, Class B (c) | 6.920 | % | 06/20/53 | 2,577,034 | 2,451,719 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2023-2A, Class C (c) | 8.180 | % | 09/22/53 | 4,500,000 | 3,994,575 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2023-3A, Class A (c) | 5.910 | % | 11/20/53 | 2,313,954 | 2,253,932 | |||||||||||
| PNMAC GMSR Issuer Trust, Series 2022-GT1, Class A (1* SOFR + 425) (a)(c) | 9.565 | % | 05/25/27 | 2,200,000 | 2,201,407 | |||||||||||
| Renew Financial, LLC, Series 2017-1, Class A (c) | 3.670 | % | 09/20/52 | 268,970 | 238,008 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 2.9% (Continued) | ||||||||||||||||
| Renew Financial, LLC, Series 2017-1, Class B (c) | 5.750 | % | 09/20/52 | $ | 20,054 | $ | 18,999 | |||||||||
| Renew Financial, LLC, Series 2017-2, Class A (c) | 3.220 | % | 09/22/53 | 29,074 | 25,030 | |||||||||||
| SPS Servicer Advance Receivables, Series 2020-T2, Class D (c) | 3.160 | % | 11/15/55 | 994,000 | 846,326 | |||||||||||
| Sunnova Solar Issuer, LLC, Series 2020-2A, Class A (c) | 2.730 | % | 11/01/55 | 3,792,699 | 2,975,858 | |||||||||||
| Westgate Resorts, Series 2020-1A, Class C (c) | 6.213 | % | 03/20/34 | 303,755 | 300,046 | |||||||||||
| 33,602,371 | ||||||||||||||||
| Agency CMBS - 2.5% | ||||||||||||||||
| FARM Mortgage Trust, Series 2021-1, Class A (c) | 2.180 | % | 01/25/51 | 13,659,166 | 10,741,746 | |||||||||||
| Farmer Mac Agricultural Real Estate, Series 2022-1, Class A (c) | 2.540 | % | 07/25/51 | 3,330,889 | 2,698,962 | |||||||||||
| Farmer Mac Agricultural Real Estate, Series 2023-1, Class A (c) | 2.631 | % | 01/25/52 | 8,030,481 | 6,658,883 | |||||||||||
| FNMA, Pool #FN AN3598 | 2.550 | % | 12/01/28 | 259,775 | 230,282 | |||||||||||
| FNMA, Pool #FN BL4548 | 2.430 | % | 10/01/29 | 184,041 | 159,459 | |||||||||||
| FNMA, Pool #BS0038 | 1.650 | % | 01/01/31 | 2,000,000 | 1,569,176 | |||||||||||
| FNMA, Pool #FN BS0915 | 1.620 | % | 03/01/31 | 3,200,000 | 2,445,475 | |||||||||||
| FNMA, Pool #FN AN6149 | 3.140 | % | 07/01/32 | 750,000 | 637,635 | |||||||||||
| FNMA, Pool #FN AN7612 | 3.280 | % | 12/01/32 | 247,262 | 214,810 | |||||||||||
| FNMA, Pool #FN 469130 | 4.870 | % | 10/01/41 | 121,010 | 115,585 | |||||||||||
| FNMA, Pool #FN AM5015 | 4.940 | % | 12/01/43 | 726,568 | 677,832 | |||||||||||
| FRESB Multifamily Mortgage Pass-Through Trust, Series 2018-SB57, Class A-10F | 3.710 | % | 07/25/28 | 2,306,368 | 2,149,103 | |||||||||||
| 28,298,948 | ||||||||||||||||
| Agency MBS CMO - 26.0% | ||||||||||||||||
| FHLMC, Series 306, Class F3, Pool #S2-0432 (1* SOFR + 30) (a) | 5.728 | % | 05/15/28 | 36,324 | 36,262 | |||||||||||
| FHLMC, Series 4847, Class CV | 3.500 | % | 02/15/30 | 339,766 | 320,554 | |||||||||||
| FHLMC, Series 2646, Class ZH | 5.000 | % | 07/15/33 | 136,765 | 128,608 | |||||||||||
| FHLMC, Series 4265, Class FD (1* SOFR + 40) (a) | 5.828 | % | 01/15/35 | 188,455 | 184,478 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| FHLMC, Series 4613, Class AF (1* SOFR + 110) (a) | 6.528 | % | 11/15/37 | $ | 293,493 | $ | 289,689 | |||||||||
| FHLMC, Series 3605, Class PB | 4.500 | % | 11/15/39 | 53,030 | 49,532 | |||||||||||
| FHLMC, Series 3617, Class PC | 4.500 | % | 12/15/39 | 70,099 | 65,487 | |||||||||||
| FHLMC, Series 3740, Class FC (1* SOFR + 50) (a) | 5.928 | % | 10/15/40 | 66,178 | 64,349 | |||||||||||
| FHLMC, Series 3759, Class ME | 4.000 | % | 11/15/40 | 508,690 | 449,099 | |||||||||||
| FHLMC, Series 3811, Class TA | 5.000 | % | 02/15/41 | 262,142 | 253,655 | |||||||||||
| FHLMC, Series 3895, Class BF (1* SOFR + 50) (a) | 5.928 | % | 07/15/41 | 65,280 | 63,991 | |||||||||||
| FHLMC, Series 3923, Class CZ | 5.000 | % | 09/15/41 | 929,931 | 904,042 | |||||||||||
| FHLMC, Series 3959, Class PZ | 4.500 | % | 11/15/41 | 3,705,840 | 3,371,957 | |||||||||||
| FHLMC, Series 4074, Class JY | 2.500 | % | 07/15/42 | 500,000 | 402,308 | |||||||||||
| FHLMC, Series 4116, Class YC | 2.500 | % | 10/15/42 | 1,290,000 | 912,325 | |||||||||||
| FHLMC, Series 5149, Class CA | 2.000 | % | 01/15/43 | 1,049,335 | 681,139 | |||||||||||
| FHLMC, Series 4165, Class ZT | 3.000 | % | 02/15/43 | 6,849,775 | 5,075,731 | |||||||||||
| FHLMC, Series 4180, Class ZB | 3.000 | % | 03/15/43 | 172,063 | 114,500 | |||||||||||
| FHLMC, Series 4183, Class NQ | 3.000 | % | 03/15/43 | 2,920,000 | 2,486,486 | |||||||||||
| FHLMC, Series 4210, Class Z | 3.000 | % | 05/15/43 | 336,360 | 251,578 | |||||||||||
| FHLMC, Series 4204, Class QZ | 3.000 | % | 05/15/43 | 679,625 | 406,314 | |||||||||||
| FHLMC, Series 4447, Class YZ | 4.000 | % | 08/15/43 | 1,132,685 | 1,039,512 | |||||||||||
| FHLMC, Series 4333, Class GL | 3.500 | % | 04/15/44 | 250,000 | 202,273 | |||||||||||
| FHLMC, Series 4408, Class BC | 3.000 | % | 11/15/44 | 1,020,410 | 756,125 | |||||||||||
| FHLMC, Series 4673, Class PH | 3.500 | % | 01/15/45 | 204,055 | 192,315 | |||||||||||
| FHLMC, Series 4448, Class GZ | 2.500 | % | 03/15/45 | 2,785,818 | 2,019,350 | |||||||||||
| FHLMC, Series 4473, Class Z | 3.000 | % | 05/15/45 | 410,760 | 293,016 | |||||||||||
| FHLMC, Series 4531, Class PZ | 3.500 | % | 11/15/45 | 1,438,511 | 1,270,910 | |||||||||||
| FHLMC, Series 4623, Class BZ | 3.500 | % | 10/15/46 | 3,961,980 | 3,466,672 | |||||||||||
| FHLMC, Series 4738, Class TW | 3.000 | % | 11/15/46 | 1,385,000 | 1,173,453 | |||||||||||
| FHLMC, Series 4857, Class H | 4.000 | % | 11/15/46 | 180,436 | 174,965 | |||||||||||
| FHLMC, Series 4710, Class GZ | 3.000 | % | 01/15/47 | 4,439,781 | 3,310,270 | |||||||||||
| FHLMC, Series 5099, Class CM | 2.000 | % | 07/25/47 | 3,750,000 | 2,291,401 | |||||||||||
| FHLMC, Series 4736, Class CL | 3.000 | % | 12/15/47 | 441,240 | 344,399 | |||||||||||
| FHLMC, Series 4738, Class LZ | 3.000 | % | 12/15/47 | 2,821,476 | 2,302,281 | |||||||||||
| FHLMC, Series 4753, Class EZ | 3.500 | % | 12/15/47 | 2,026,858 | 1,778,667 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| FHLMC, Series 4745, Class CZ | 3.500 | % | 01/15/48 | $ | 1,222,572 | $ | 1,008,159 | |||||||||
| FHLMC, Series 4768, Class ZH | 3.000 | % | 03/15/48 | 1,452,259 | 1,207,908 | |||||||||||
| FHLMC, Series 4801, Class ZN | 4.000 | % | 05/15/48 | 830,521 | 746,133 | |||||||||||
| FHLMC, Series 4941, Class NW | 2.500 | % | 05/25/49 | 758,520 | 448,628 | |||||||||||
| FHLMC, Series 4892, Class PZ | 3.000 | % | 07/15/49 | 1,366,347 | 788,808 | |||||||||||
| FHLMC, Series 4911, Class JM | 3.500 | % | 09/25/49 | 1,000,000 | 697,001 | |||||||||||
| FHLMC, Series 5159, Class WZ | 2.000 | % | 01/25/50 | 667,066 | 331,848 | |||||||||||
| FHLMC, Series 5103, Class LH | 1.500 | % | 03/25/50 | 2,549,007 | 2,027,814 | |||||||||||
| FHLMC, Series 5057, Class DN | 2.000 | % | 03/25/50 | 942,347 | 719,028 | |||||||||||
| FHLMC, Series 4968, Class NP | 6.500 | % | 04/25/50 | 1,503,105 | 1,537,627 | |||||||||||
| FHLMC, Series 5129, Class DM | 1.000 | % | 08/25/50 | 1,425,741 | 1,007,219 | |||||||||||
| FHLMC, Series 5017, Class CB | 1.500 | % | 09/25/50 | 1,207,095 | 861,536 | |||||||||||
| FHLMC, Series 5011, Class DB | 2.000 | % | 09/25/50 | 262,000 | 129,988 | |||||||||||
| FHLMC, Series 5038, Class QP | 0.750 | % | 10/25/50 | 2,922,048 | 1,927,252 | |||||||||||
| FHLMC, Series 5019, Class PL | 1.000 | % | 10/25/50 | 2,433,413 | 1,680,033 | |||||||||||
| FHLMC, Series 5028, Class PW | 1.500 | % | 10/25/50 | 684,000 | 376,971 | |||||||||||
| FHLMC, Series 5039, Class JL | 1.250 | % | 11/25/50 | 1,400,068 | 990,504 | |||||||||||
| FHLMC, Series 5223, Class MZ | 4.500 | % | 12/25/50 | 3,424,090 | 2,680,337 | |||||||||||
| FHLMC, Series 5085, Class TY | 1.000 | % | 01/25/51 | 1,263,612 | 659,138 | |||||||||||
| FHLMC, Series 5072, Class DG | 1.000 | % | 02/25/51 | 787,095 | 565,972 | |||||||||||
| FHLMC, Series 5146, Class ZW | 2.000 | % | 07/25/51 | 1,640,912 | 703,090 | |||||||||||
| FHLMC, Series 5202, Class DZ | 3.000 | % | 07/25/51 | 2,612,482 | 1,370,939 | |||||||||||
| FHLMC, Series 5155, Class MG | 1.500 | % | 10/25/51 | 1,060,451 | 822,590 | |||||||||||
| FHLMC, Series 5159, Class PL | 1.250 | % | 11/25/51 | 1,521,144 | 1,163,342 | |||||||||||
| FHLMC, Series 5162, Class AP | 2.000 | % | 11/25/51 | 2,693,800 | 2,211,489 | |||||||||||
| FHLMC, Series 5173, Class BZ | 2.500 | % | 12/25/51 | 1,046,850 | 498,066 | |||||||||||
| FHLMC, Series 4377, Class KZ | 3.500 | % | 02/15/52 | 856,400 | 712,878 | |||||||||||
| FHLMC, Series 5189, Class ZP | 3.000 | % | 02/25/52 | 1,007,055 | 722,792 | |||||||||||
| FHLMC, Series 5210, Class BZ | 3.000 | % | 02/25/52 | 8,537,000 | 4,899,835 | |||||||||||
| FHLMC, Series 5232, Class HL | 4.000 | % | 06/25/52 | 4,120,792 | 3,321,326 | |||||||||||
| FHLMC, Series 5249, Class PL | 4.000 | % | 08/25/52 | 2,904,186 | 2,342,808 | |||||||||||
| FHLMC, Series 5297, Class DB | 5.000 | % | 03/25/53 | 1,239,531 | 1,096,828 | |||||||||||
| FHLMC, Series 5318, Class AZ | 5.500 | % | 06/25/53 | 4,615,343 | 3,897,432 | |||||||||||
| FHLMC, Series 5332, Class CZ | 6.000 | % | 08/25/53 | 3,986,940 | 3,618,677 | |||||||||||
| FNMA, Series 2010-155, Class JH | 4.000 | % | 12/25/28 | 120,000 | 113,591 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| FNMA, Series 2013-35, Class YT | 6.500 | % | 09/25/32 | $ | 129,249 | $ | 130,297 | |||||||||
| FNMA, Series 2012-129, Class HT | 2.000 | % | 12/25/32 | 47,313 | 40,359 | |||||||||||
| FNMA, Series 2002-86, Class PG | 6.000 | % | 12/25/32 | 40,668 | 40,891 | |||||||||||
| FNMA, Series 2004-56, Class Z | 7.500 | % | 03/25/34 | 86,063 | 89,976 | |||||||||||
| FNMA, Series 2004-17, Class BA | 6.000 | % | 04/25/34 | 293,929 | 298,555 | |||||||||||
| FNMA, Series 2005-3, Class CG | 5.500 | % | 02/25/35 | 120,086 | 118,204 | |||||||||||
| FNMA, Series 2005-62, Class ZL | 5.500 | % | 07/25/35 | 196,115 | 193,919 | |||||||||||
| FNMA, Series 2006-71, Class ZH | 6.000 | % | 07/25/36 | 225,502 | 226,414 | |||||||||||
| FNMA, Series 2006-56, Class DC (1* SOFR + 65) (a) | 6.079 | % | 07/25/36 | 351,791 | 352,217 | |||||||||||
| FNMA, Series 2009-19, Class TD | 5.000 | % | 08/25/36 | 67,800 | 65,906 | |||||||||||
| FNMA, Series 2007-95, Class A3 (1* SOFR + 25) (a) | 5.152 | % | 08/27/36 | 1,600,000 | 1,429,361 | |||||||||||
| FNMA, Series 2006-108, Class FD (1* SOFR + 38) (a) | 5.809 | % | 11/25/36 | 91,727 | 89,791 | |||||||||||
| FNMA, Series 2007-39, Class NB | 4.250 | % | 05/25/37 | 87,686 | 85,104 | |||||||||||
| FNMA, Series 2008-60, Class JC | 5.000 | % | 07/25/38 | 145,399 | 138,117 | |||||||||||
| FNMA, Series 2009-103, Class MB (a) | 5.179 | % | 12/25/39 | 84,860 | 85,372 | |||||||||||
| FNMA, Series 2010-118, Class DZ | 4.750 | % | 10/25/40 | 1,390,166 | 1,246,870 | |||||||||||
| FNMA, Series 2011-8, Class ZA | 4.000 | % | 02/25/41 | 1,354,928 | 1,224,403 | |||||||||||
| FNMA, Series 2011-14, Class PB | 5.000 | % | 03/25/41 | 453,466 | 441,114 | |||||||||||
| FNMA, Series 2011-57, Class PD | 4.000 | % | 07/25/41 | 321,407 | 294,465 | |||||||||||
| FNMA, Series 2011-62, Class UA | 4.500 | % | 07/25/41 | 619,301 | 571,149 | |||||||||||
| FNMA, Series 2012-9, Class FC (1* SOFR + 40) (a) | 5.829 | % | 02/25/42 | 91,750 | 89,700 | |||||||||||
| FNMA, Series 2012-40, Class GY | 4.000 | % | 04/25/42 | 1,001,421 | 921,342 | |||||||||||
| FNMA, Series 2013-34, Class GP | 3.000 | % | 05/25/42 | 302,075 | 278,302 | |||||||||||
| FNMA, Series 2012-56, Class WC | 3.500 | % | 05/25/42 | 1,061,000 | 872,405 | |||||||||||
| FNMA, Series 2012-52, Class PQ | 3.500 | % | 05/25/42 | 683,221 | 544,234 | |||||||||||
| FNMA, Series 2012-79, Class QB | 2.000 | % | 07/25/42 | 101,614 | 87,425 | |||||||||||
| FNMA, Series 2003-W2, Class 1-1A | 6.500 | % | 07/25/42 | 568,864 | 564,354 | |||||||||||
| FNMA, Series 411, Class A3 | 3.000 | % | 08/25/42 | 80,630 | 69,772 | |||||||||||
| FNMA, Series 2012-92, Class Z | 3.500 | % | 08/25/42 | 4,725,373 | 3,974,221 | |||||||||||
| FNMA, Series 2012-99, Class UY | 2.500 | % | 09/25/42 | 465,000 | 339,291 | |||||||||||
| FNMA, Series 2013-35, Class LP | 3.000 | % | 01/25/43 | 419,000 | 383,350 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| FNMA, Series 2013-35, Class CV | 3.000 | % | 02/25/43 | $ | 350,000 | $ | 305,390 | |||||||||
| FNMA, Series 2013-13, Class WH | 3.500 | % | 03/25/43 | 1,072,000 | 818,685 | |||||||||||
| FNMA, Series 2013-31, Class NT | 3.000 | % | 04/25/43 | 33,614 | 29,859 | |||||||||||
| FNMA, Series 2003-W10, Class 3A-5 | 4.299 | % | 06/25/43 | 473,465 | 439,265 | |||||||||||
| FNMA, Series 2013-84, Class B | 4.000 | % | 08/25/43 | 1,500,000 | 1,221,769 | |||||||||||
| FNMA, Series 2013-104, Class CY | 5.000 | % | 10/25/43 | 250,000 | 230,910 | |||||||||||
| FNMA, Series 2013-115, Class PB | 4.500 | % | 11/25/43 | 300,000 | 268,391 | |||||||||||
| FNMA, Series 2015-11, Class MZ | 4.000 | % | 12/25/43 | 5,126,747 | 4,605,469 | |||||||||||
| FNMA, Series 2014-2, Class PB | 4.000 | % | 02/25/44 | 516,173 | 465,986 | |||||||||||
| FNMA, Series 2015-24, Class ZA | 3.000 | % | 04/25/45 | 2,344,779 | 1,967,040 | |||||||||||
| FNMA, Series 2017-16, Class UW | 3.000 | % | 07/25/45 | 2,044,494 | 1,652,362 | |||||||||||
| FNMA, Series 2016-68, Class AL | 3.000 | % | 10/25/46 | 1,146,949 | 979,590 | |||||||||||
| FNMA, Series 2016-80, Class CZ | 3.000 | % | 11/25/46 | 621,291 | 364,156 | |||||||||||
| FNMA, Series 2017-77, Class HZ | 3.500 | % | 10/25/47 | 1,127,741 | 967,106 | |||||||||||
| FNMA, Series 2018-08, Class DZ | 3.500 | % | 02/25/48 | 620,218 | 529,612 | |||||||||||
| FNMA, Series 2022-4, Class QM | 2.000 | % | 03/25/48 | 1,602,020 | 1,026,066 | |||||||||||
| FNMA, Series 2018-31, Class KB | 3.500 | % | 05/25/48 | 193,470 | 167,892 | |||||||||||
| FNMA, Series 2018-31, Class KQ | 3.500 | % | 05/25/48 | 600,000 | 507,993 | |||||||||||
| FNMA, Series 2018-37, Class CL | 4.000 | % | 06/25/48 | 622,735 | 474,136 | |||||||||||
| FNMA, Series 2018-66, Class PZ | 4.000 | % | 09/25/48 | 587,244 | 426,743 | |||||||||||
| FNMA, Series 2018-77, Class BY | 3.000 | % | 10/25/48 | 2,605,404 | 2,153,100 | |||||||||||
| FNMA, Series 2019-01, Class MH | 3.000 | % | 02/25/49 | 205,915 | 179,166 | |||||||||||
| FNMA, Series 2019-8, Class ZD | 3.500 | % | 03/25/49 | 586,863 | 485,537 | |||||||||||
| FNMA, Series 2019-038, Class MT | 3.000 | % | 07/25/49 | 875,100 | 725,812 | |||||||||||
| FNMA, Series 2019-40, Class PL | 4.000 | % | 07/25/49 | 318,000 | 233,665 | |||||||||||
| FNMA, Series 2019-42, Class DZ | 2.750 | % | 08/25/49 | 1,698,299 | 987,851 | |||||||||||
| FNMA, Series 2019-60, Class DZ | 2.500 | % | 10/25/49 | 1,639,903 | 839,789 | |||||||||||
| FNMA, Series 2019-60, Class WZ | 2.750 | % | 10/25/49 | 584,559 | 338,969 | |||||||||||
| FNMA, Series 2020-22, Class CA | 3.000 | % | 10/25/49 | 1,539,284 | 1,299,382 | |||||||||||
| FNMA, Series 2019-83, Class EB | 2.000 | % | 01/25/50 | 171,000 | 88,258 | |||||||||||
| FNMA, Series 2020-15, Class KY | 3.000 | % | 03/25/50 | 2,077,414 | 1,381,475 | |||||||||||
| FNMA, Series 2020-22, Class AY | 2.000 | % | 04/25/50 | 1,254,000 | 676,692 | |||||||||||
| FNMA, Series 2020-42, Class BY | 2.000 | % | 06/25/50 | 935,000 | 481,620 | |||||||||||
| FNMA, Series 2020-95, Class KY | 1.500 | % | 01/25/51 | 2,060,000 | 1,081,527 | |||||||||||
| FNMA, Series 2021-15, Class HD | 1.000 | % | 04/25/51 | 955,161 | 652,919 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| FNMA, Series 2021-25, Class JB | 1.000 | % | 05/25/51 | $ | 1,642,933 | $ | 1,170,776 | |||||||||
| FNMA, Series 2021-43, Class CJ | 1.000 | % | 07/25/51 | 3,117,835 | 2,168,299 | |||||||||||
| FNMA, Series 2021-43, Class ME | 1.500 | % | 07/25/51 | 1,372,451 | 998,028 | |||||||||||
| FNMA, Series 2021-66, Class NP | 1.000 | % | 10/25/51 | 3,889,479 | 2,698,036 | |||||||||||
| FNMA, Series 2021-73, Class ZD | 2.000 | % | 11/25/51 | 1,436,793 | 574,633 | |||||||||||
| FNMA, Series 2022-1, Class GE | 1.500 | % | 02/25/52 | 4,126,620 | 3,319,083 | |||||||||||
| FNMA, Series 2022-49, Class GZ | 4.000 | % | 08/25/52 | 4,777,453 | 3,817,139 | |||||||||||
| FNMA, Series 2023-21, Class MY | 5.000 | % | 04/25/53 | 2,047,000 | 1,836,857 | |||||||||||
| GNMA, Series 2015-161, Class AV | 3.000 | % | 01/20/29 | 284,008 | 265,416 | |||||||||||
| GNMA, Series 2018-091, Class VL | 3.500 | % | 10/20/29 | 1,207,458 | 1,125,596 | |||||||||||
| GNMA, Series 2023-004, Class BV | 5.500 | % | 12/20/33 | 1,186,196 | 1,163,781 | |||||||||||
| GNMA, Series 2004-49, Class MZ | 6.000 | % | 06/20/34 | 424,627 | 426,060 | |||||||||||
| GNMA, Series 2023-115, Class VL | 6.000 | % | 06/20/34 | 3,159,882 | 3,110,971 | |||||||||||
| GNMA, Series 2005-13, Class BG | 5.000 | % | 02/20/35 | 164,046 | 160,791 | |||||||||||
| GNMA, Series 2015-123, Class VB | 3.500 | % | 09/20/35 | 436,000 | 415,498 | |||||||||||
| GNMA, Series 2006-17, Class JN | 6.000 | % | 04/20/36 | 131,967 | 131,954 | |||||||||||
| GNMA, Series 2008-51, Class PH | 5.250 | % | 06/20/38 | 81,112 | 79,068 | |||||||||||
| GNMA, Series 2009-2, Class PA | 5.000 | % | 12/20/38 | 44,444 | 43,445 | |||||||||||
| GNMA, Series 2014-79, Class HU | 3.000 | % | 02/16/40 | 443,238 | 358,747 | |||||||||||
| GNMA, Series 2018-124, Class Z | 4.000 | % | 03/20/41 | 3,763,988 | 3,189,151 | |||||||||||
| GNMA, Series 2011-34, Class MB | 4.000 | % | 03/20/41 | 2,335,516 | 2,184,137 | |||||||||||
| GNMA, Series 2012-74, Class LY | 2.500 | % | 06/20/42 | 392,000 | 280,053 | |||||||||||
| GNMA, Series 2012-134, Class KM | 2.000 | % | 09/20/42 | 342,000 | 250,382 | |||||||||||
| GNMA, Series 2012-113, Class NZ | 4.500 | % | 09/20/42 | 298,294 | 258,313 | |||||||||||
| GNMA, Series 2013-186, Class PY | 2.000 | % | 11/20/42 | 4,500,000 | 3,607,752 | |||||||||||
| GNMA, Series 2013-6, Class PE | 2.000 | % | 01/20/43 | 100,000 | 73,073 | |||||||||||
| GNMA, Series 2013-5, Class GY | 3.000 | % | 01/20/43 | 737,000 | 559,176 | |||||||||||
| GNMA, Series 2015-179, Class ZB | 2.500 | % | 02/20/45 | 59,822 | 44,609 | |||||||||||
| GNMA, Series 2016-37, Class YA | 3.000 | % | 12/20/45 | 1,052,828 | 856,185 | |||||||||||
| GNMA, Series 2016-38, Class ZP | 3.500 | % | 03/20/46 | 77,981 | 52,919 | |||||||||||
| GNMA, Series 2016-74, Class PL | 3.000 | % | 05/20/46 | 1,042,171 | 886,577 | |||||||||||
| GNMA, Series 2016-77, Class GY | 3.000 | % | 06/20/46 | 1,110,000 | 926,772 | |||||||||||
| GNMA, Series 2016-118, Class LB | 3.000 | % | 09/20/46 | 500,000 | 404,002 | |||||||||||
| GNMA, Series 2016-120, Class YZ | 3.000 | % | 09/20/46 | 500,000 | 397,073 | |||||||||||
| GNMA, Series 2016-116, Class AB | 3.000 | % | 09/20/46 | 1,307,424 | 1,019,851 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| GNMA, Series 2017-080, Class BZ | 3.500 | % | 05/20/47 | $ | 436,713 | $ | 305,050 | |||||||||
| GNMA, Series 2017-120, Class JZ | 4.000 | % | 08/20/47 | 668,240 | 532,968 | |||||||||||
| GNMA, Series 2019-092, Class DB | 2.250 | % | 01/20/48 | 1,630,549 | 1,352,584 | |||||||||||
| GNMA, Series 2018-006, Class JY | 2.750 | % | 01/20/48 | 284,000 | 233,147 | |||||||||||
| GNMA, Series 2018-14, Class MZ | 3.000 | % | 01/20/48 | 408,843 | 279,388 | |||||||||||
| GNMA, Series 2018-097, Class GY | 4.000 | % | 07/20/48 | 1,162,000 | 1,059,582 | |||||||||||
| GNMA, Series 2018-105, Class ZK | 4.000 | % | 08/20/48 | 490,027 | 407,220 | |||||||||||
| GNMA, Series 2018-120, Class PY | 3.500 | % | 09/20/48 | 645,689 | 570,743 | |||||||||||
| GNMA, Series 2018-154, Class ZU | 4.000 | % | 11/20/48 | 522,759 | 394,638 | |||||||||||
| GNMA, Series 2018-166, Class Z | 4.000 | % | 12/20/48 | 500,057 | 376,095 | |||||||||||
| GNMA, Series 2019-20, Class JK | 3.500 | % | 02/20/49 | 149,574 | 134,600 | |||||||||||
| GNMA, Series 2019-031, Class AZ | 5.000 | % | 03/20/49 | 199,140 | 190,625 | |||||||||||
| GNMA, Series 2019-042, Class AB | 3.250 | % | 04/20/49 | 7,685,142 | 6,621,717 | |||||||||||
| GNMA, Series 2019-052, Class HL | 4.000 | % | 04/20/49 | 490,565 | 404,984 | |||||||||||
| GNMA, Series 2019-085, Class MC | 2.500 | % | 06/20/49 | 1,025,917 | 873,379 | |||||||||||
| GNMA, Series 2019-99, Class EW | 3.000 | % | 08/20/49 | 540,446 | 400,202 | |||||||||||
| GNMA, Series 2019-99, Class GP | 3.500 | % | 08/20/49 | 517,000 | 380,238 | |||||||||||
| GNMA, Series 2021-66, Class YM | 3.500 | % | 09/20/49 | 1,782,973 | 1,461,716 | |||||||||||
| GNMA, Series 2020-015, Class EH | 2.500 | % | 02/20/50 | 1,907,174 | 1,527,062 | |||||||||||
| GNMA, Series 2020-093, Class AZ | 3.000 | % | 04/20/50 | 856,469 | 526,956 | |||||||||||
| GNMA, Series 2020-065, Class YC | 2.000 | % | 05/20/50 | 1,315,671 | 1,020,844 | |||||||||||
| GNMA, Series 2020-84, Class LB | 1.250 | % | 06/20/50 | 4,760,253 | 3,492,468 | |||||||||||
| GNMA, Series 2021-58, Class NA | 1.000 | % | 07/20/50 | 567,554 | 416,723 | |||||||||||
| GNMA, Series 2020-097, Class ML | 2.500 | % | 07/20/50 | 1,975,000 | 1,148,443 | |||||||||||
| GNMA, Series 2020-133, Class ZM | 1.000 | % | 09/20/50 | 495,591 | 153,808 | |||||||||||
| GNMA, Series 2020-165, Class BP | 1.000 | % | 11/20/50 | 541,178 | 428,928 | |||||||||||
| GNMA, Series 2020-183, Class AE | 1.250 | % | 12/20/50 | 598,103 | 294,450 | |||||||||||
| GNMA, Series 2021-86, Class MB | 1.000 | % | 05/20/51 | 615,367 | 451,610 | |||||||||||
| GNMA, Series 2021-121, Class JW | 1.500 | % | 07/20/51 | 1,708,699 | 865,471 | |||||||||||
| GNMA, Series 2021-149, Class ZB | 3.000 | % | 08/20/51 | 302,944 | 163,702 | |||||||||||
| GNMA, Series 2022-69, Class BY | 2.000 | % | 10/20/51 | 1,000,000 | 698,592 | |||||||||||
| GNMA, Series 2022-206, Class GZ | 4.500 | % | 10/20/51 | 1,083,926 | 904,688 | |||||||||||
| GNMA, Series 2021-196, Class YZ | 1.500 | % | 11/20/51 | 1,106,064 | 406,303 | |||||||||||
| GNMA, Series 2021-216, Class QM | 1.500 | % | 12/20/51 | 1,133,749 | 611,011 | |||||||||||
| GNMA, Series 2022-10, Class QJ | 1.750 | % | 01/20/52 | 1,178,625 | 701,686 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| GNMA, Series 2022-160, Class GZ | 1.750 | % | 01/20/52 | $ | 14,404,329 | $ | 8,131,582 | |||||||||
| GNMA, Series 2022-84, Class AL | 3.500 | % | 05/20/52 | 2,812,353 | 2,170,222 | |||||||||||
| GNMA, Series 2022-101, Class PL | 4.500 | % | 06/20/52 | 9,199,000 | 7,835,889 | |||||||||||
| GNMA, Series 2022-205, Class CH | 5.000 | % | 06/20/52 | 3,242,719 | 2,977,896 | |||||||||||
| GNMA, Series 2022-129, Class PL | 4.000 | % | 07/20/52 | 3,595,000 | 2,809,134 | |||||||||||
| GNMA, Series 2022-125, Class JW | 5.000 | % | 07/20/52 | 2,000,000 | 1,722,970 | |||||||||||
| GNMA, Series 2022-136, Class PB | 4.000 | % | 08/20/52 | 1,585,000 | 1,233,436 | |||||||||||
| GNMA, Series 2022-160, Class QL | 4.500 | % | 09/20/52 | 5,500,000 | 4,605,229 | |||||||||||
| GNMA, Series 2022-183, Class BZ | 5.000 | % | 10/20/52 | 3,035,721 | 2,542,573 | |||||||||||
| GNMA, Series 2022-172, Class MZ | 5.500 | % | 10/20/52 | 1,960,060 | 1,752,858 | |||||||||||
| GNMA, Series 2022-190, Class DZ | 5.750 | % | 11/20/52 | 2,050,795 | 1,835,872 | |||||||||||
| GNMA, Series 2022-197, Class JB | 6.000 | % | 11/20/52 | 1,500,715 | 1,507,020 | |||||||||||
| GNMA, Series 2022-205, Class CE | 5.000 | % | 12/20/52 | 2,180,598 | 1,921,116 | |||||||||||
| GNMA, Series 2022-209, Class JW | 5.500 | % | 12/20/52 | 2,038,000 | 1,848,451 | |||||||||||
| GNMA, Series 2023-13, Class JB | 5.250 | % | 01/20/53 | 505,050 | 436,790 | |||||||||||
| GNMA, Series 2023-4, Class BZ | 5.500 | % | 01/20/53 | 1,581,334 | 1,307,179 | |||||||||||
| GNMA, Series 2023-058, Class PZ | 5.500 | % | 01/20/53 | 5,862,522 | 5,288,542 | |||||||||||
| GNMA, Series 2023-004, Class PB | 5.500 | % | 01/20/53 | 3,932,000 | 3,639,036 | |||||||||||
| GNMA, Series 2023-070, Class BZ | 6.000 | % | 01/20/53 | 4,624,109 | 4,351,151 | |||||||||||
| GNMA, Series 2023-35, Class DB | 4.500 | % | 02/20/53 | 1,233,954 | 1,029,023 | |||||||||||
| GNMA, Series 2023-018, Class ZA | 5.000 | % | 02/20/53 | 1,686,960 | 1,404,899 | |||||||||||
| GNMA, Series 2023-45, Class HZ | 5.000 | % | 03/20/53 | 3,076,302 | 2,483,789 | |||||||||||
| GNMA, Series 2023-45, Class EZ | 6.000 | % | 03/20/53 | 1,871,431 | 1,712,584 | |||||||||||
| GNMA, Series 2023-055, Class AT | 5.000 | % | 04/20/53 | 7,903,224 | 7,521,902 | |||||||||||
| GNMA, Series 2023-065, Class LZ | 5.500 | % | 05/20/53 | 1,193,103 | 1,007,686 | |||||||||||
| GNMA, Series 2023-066, Class ZE | 6.500 | % | 05/20/53 | 2,870,279 | 2,673,619 | |||||||||||
| GNMA, Series 2023-082, Class GZ | 6.000 | % | 06/20/53 | 2,384,501 | 2,175,517 | |||||||||||
| GNMA, Series 2023-081, Class KB | 6.500 | % | 06/20/53 | 4,407,508 | 4,350,608 | |||||||||||
| GNMA, Series 2023-096, Class CB | 6.500 | % | 07/20/53 | 3,295,569 | 3,279,375 | |||||||||||
| GNMA, Series 2023-128, Class LZ | 6.000 | % | 08/20/53 | 6,369,829 | 6,054,040 | |||||||||||
| GNMA, Series 2023-113, Class QC | 6.000 | % | 08/20/53 | 6,188,700 | 5,976,917 | |||||||||||
| GNMA, Series 2017-H18, Class EB (a) | 4.833 | % | 06/20/63 | 50,935 | 49,497 | |||||||||||
| GNMA, Series 2014-H14, Class FA (1* TSFR1M + 61) (a) | 5.718 | % | 07/20/64 | 223,639 | 222,320 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 26.0% (Continued) | ||||||||||||||||
| GNMA, Series 2016-H11, Class FD (1* TSFR12M + 112) (a) | 4.869 | % | 05/20/66 | $ | 212,532 | $ | 210,524 | |||||||||
| GNMA, Series 2017-H16, Class DB (a) | 4.514 | % | 08/20/67 | 27,862 | 26,960 | |||||||||||
| 296,098,372 | ||||||||||||||||
| Agency MBS CMO Derivatives - 0.5% | ||||||||||||||||
| FHLMC, Series 3919, Class QS (IO) (-1* SOFR + 670) (a) | 1.272 | % | 08/15/30 | 1,024,515 | 44,152 | |||||||||||
| FHLMC, Series 4214, Class CI (IO) | 3.000 | % | 06/15/31 | 142,915 | 1,979 | |||||||||||
| FHLMC, Series 4114, Class IM (IO) | 3.500 | % | 07/15/31 | 196,000 | 2,483 | |||||||||||
| FHLMC, Pool #S0-3651 | 0.000 | % | 02/01/34 | 98,238 | 82,200 | |||||||||||
| FHLMC, Series 3102, Class TA (IO) (-7.5* SOFR30A + 64) | 7.500 | % | 01/15/36 | 187,542 | 179,893 | |||||||||||
| FHLMC, Series 3607, Class AO (PO) | 0.000 | % | 04/15/36 | 64,717 | 51,969 | |||||||||||
| FHLMC, Series 237, Class S14 (IO) (-1* SOFR + 660) (a) | 1.172 | % | 05/15/36 | 260,923 | 23,088 | |||||||||||
| FHLMC, Series 3199, Class OC (PO) | 0.000 | % | 08/15/36 | 94,020 | 79,672 | |||||||||||
| FHLMC, Series 3607, Class OP (PO) | 0.000 | % | 07/15/37 | 244,554 | 193,715 | |||||||||||
| FHLMC, Series 4006, Class IA (IO) | 4.500 | % | 09/15/41 | 305,405 | 27,753 | |||||||||||
| FHLMC, Series 4422, Class DO (PO) | 0.000 | % | 10/15/41 | 894,767 | 639,436 | |||||||||||
| FHLMC, Series 4116, Class LI (IO) | 4.500 | % | 02/15/42 | 1,019,766 | 115,456 | |||||||||||
| FHLMC, Series 4074, Class SJ (IO) (-1* SOFR + 662) (a) | 1.192 | % | 07/15/42 | 669,416 | 81,925 | |||||||||||
| FHLMC, Class (PO), Pool #S0-6050 | 0.000 | % | 08/15/42 | 141,215 | 103,289 | |||||||||||
| FHLMC, Class (PO), Pool #S0-6829 | 0.000 | % | 09/15/43 | 256,392 | 183,249 | |||||||||||
| FNMA, Series 2012-148, Class IA (IO) | 4.000 | % | 01/25/28 | 105,122 | 4,651 | |||||||||||
| FNMA, Series 2004-91, Class SP (IO) (-2.4* SOFR + 1680) (a) | 3.835 | % | 10/25/31 | 131,038 | 128,826 | |||||||||||
| FNMA, Series 2004-61, Class GO (PO) | 0.000 | % | 11/25/32 | 311,304 | 266,962 | |||||||||||
| FNMA, Series 2013-89, Class DI (IO) | 4.000 | % | 08/25/33 | 993,065 | 87,749 | |||||||||||
| FNMA, Series 2015-82, Class AI (IO) | 3.500 | % | 06/25/34 | 578,246 | 46,840 | |||||||||||
| FNMA, Series 2016-28, Class DI (IO) | 3.500 | % | 03/25/35 | 514,286 | 48,411 | |||||||||||
| FNMA, Series 384, Class 11 (IO) | 5.000 | % | 03/25/35 | 458,046 | 69,167 | |||||||||||
| FNMA, Series 2005-52, Class JH (IO) (-1* SOFR + 660) (a) | 1.171 | % | 05/25/35 | 249,662 | 11,098 | |||||||||||
| FNMA, Series 378, Class (IO) (a) | 5.000 | % | 06/25/35 | 521,325 | 82,340 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO Derivatives - 0.5% (Continued) | ||||||||||||||||
| FNMA, Series 2016-24, Class KI (IO) | 3.500 | % | 07/25/35 | $ | 323,769 | $ | 30,096 | |||||||||
| FNMA, Series 368, Class (IO) | 5.000 | % | 02/25/36 | 383,768 | 52,909 | |||||||||||
| FNMA, Series 2006-96, Class MO (PO) | 0.000 | % | 10/25/36 | 23,374 | 20,337 | |||||||||||
| FNMA, Series 379, Class I (PO) | 0.000 | % | 05/25/37 | 34,890 | 27,030 | |||||||||||
| FNMA, Series 398, Class C5 (IO) | 5.000 | % | 05/25/39 | 568,412 | 108,421 | |||||||||||
| FNMA, Series 2010-44, Class CS (IO) (-1* SOFR + 655) (a) | 1.121 | % | 05/25/40 | 37,812 | 2,756 | |||||||||||
| FNMA, Series 409, Class C1 (IO) | 4.000 | % | 04/01/42 | 869,472 | 160,374 | |||||||||||
| FNMA, Series 2012-99, Class QS (IO) (-1* SOFR + 660) (a) | 1.171 | % | 09/25/42 | 1,723,138 | 139,606 | |||||||||||
| FNMA, Series 2012-128, Class SH (IO) (-1* SOFR + 400) (a) | 0.001 | % | 11/25/42 | 464,337 | 289,409 | |||||||||||
| FNMA, Series 2012-128, Class WS (IO) (-1* SOFR + 400) (a) | 0.001 | % | 11/25/42 | 980,829 | 554,651 | |||||||||||
| FNMA, Series 2016-32, Class GO (PO) | 0.000 | % | 01/25/43 | 11,453 | 6,106 | |||||||||||
| FNMA, Series 2016-30, Class IN (IO) | 3.500 | % | 02/25/43 | 803,348 | 43,134 | |||||||||||
| FNMA, Series 2003-W10, Class 3IO (IO) (a) | 0.120 | % | 06/25/43 | 8,353,884 | 6,554 | |||||||||||
| FNMA, Series 2013-82, Class SB (IO) (-2.67* SOFR + 1173) (a) | 0.001 | % | 08/25/43 | 350,236 | 183,815 | |||||||||||
| FNMA, Series 2013-101, Class DO (PO) | 0.000 | % | 10/25/43 | 91,851 | 64,033 | |||||||||||
| FNMA, Series 2014-42, Class SN (IO) (-1* SOFR + 605) (a) | 0.621 | % | 07/25/44 | 347,841 | 28,801 | |||||||||||
| FNMA, Series 2019-31, Class CI (IO) | 4.000 | % | 02/25/47 | 750,175 | 54,848 | |||||||||||
| FNMA, Series 2018-24, Class (IO) | 4.500 | % | 04/25/48 | 1,728,621 | 290,836 | |||||||||||
| GNMA, Series 2011-139, Class LS (IO) (-1* TSFR1M + 511) (a) | 0.000 | % | 03/16/38 | 1,704,118 | 87,417 | |||||||||||
| GNMA, Series 2013-147, Class SD (IO) (-1* TSFR1M + 676) (a) | 1.211 | % | 12/20/39 | 1,244,995 | 114,044 | |||||||||||
| GNMA, Series 2011-21, Class SA (IO) (-1* TSFR1M + 611) (a) | 0.555 | % | 02/16/41 | 1,394,523 | 107,211 | |||||||||||
| GNMA, Series 2013-113, Class QS (IO) (-1* TSFR1M + 631) (a) | 0.761 | % | 02/20/42 | 219,460 | 8,868 | |||||||||||
| GNMA, Series 2013-82, Class NS (IO) (-1* TSFR1M + 411) (a) | 0.001 | % | 05/20/43 | 1,294,967 | 734,634 | |||||||||||
| GNMA, Series 2017-004, Class WI (IO) | 4.000 | % | 02/20/44 | 720,225 | 51,561 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO Derivatives - 0.5% (Continued) | ||||||||||||||||
| GNMA, Series 2016-32, Class MS (IO) (-1* TSFR1M + 616) (a) | 0.611 | % | 03/20/46 | $ | 1,288,982 | $ | 111,665 | |||||||||
| GNMA, Series 2019-98, Class BI (IO) | 3.000 | % | 06/20/49 | 847,484 | 213,465 | |||||||||||
| GNMA, Series 2013-H13, Class T1 (IO) (a) | 0.460 | % | 05/20/63 | 742,601 | 3,192 | |||||||||||
| GNMA, Series 2016-H20, Class GI (IO) (a) | 0.000 | % | 08/20/66 | 498,507 | 471 | |||||||||||
| GNMA, Series 2018-H08, Class NI (IO) (a) | 0.819 | % | 05/20/68 | 467,189 | 2,543 | |||||||||||
| 6,055,090 | ||||||||||||||||
| Agency MBS Passthrough - 5.1% | ||||||||||||||||
| FHLMC, Pool #FG G14973 | 4.000 | % | 12/01/28 | 73,049 | 69,976 | |||||||||||
| FHLMC, Pool #FG U59010 | 4.000 | % | 11/01/34 | 254,238 | 237,005 | |||||||||||
| FHLMC, Pool #FG G61909 | 4.500 | % | 12/01/37 | 325,868 | 307,263 | |||||||||||
| FHLMC, Pool #FG G06085 | 6.500 | % | 09/01/38 | 43,580 | 45,026 | |||||||||||
| FHLMC, Pool #FH 2B7995 | 2.523 | % | 10/01/50 | 4,102,275 | 3,583,190 | |||||||||||
| FHLMC, Pool #RE-6080 | 1.500 | % | 11/01/50 | 1,543,201 | 1,075,604 | |||||||||||
| FHLMC, Pool #RE-0015 | 3.000 | % | 11/01/50 | 5,782,815 | 5,018,423 | |||||||||||
| FHLMC, Pool #RE-6085 | 1.500 | % | 02/01/51 | 843,846 | 588,153 | |||||||||||
| FHLMC, Pool #RE-6093 | 1.500 | % | 04/01/51 | 1,289,475 | 898,757 | |||||||||||
| FHLMC, Series 4839, Class AL | 4.000 | % | 04/15/51 | 2,326,401 | 1,866,056 | |||||||||||
| FNMA, Pool #FN 252409 | 6.500 | % | 03/01/29 | 46,011 | 46,067 | |||||||||||
| FNMA, Pool #FN AL5850 | 3.500 | % | 10/01/29 | 172,709 | 161,566 | |||||||||||
| FNMA, Pool #FN AS7287 | 3.500 | % | 06/01/31 | 293,528 | 275,855 | |||||||||||
| FNMA, Pool #FN AL3200 | 3.500 | % | 02/01/33 | 236,051 | 216,707 | |||||||||||
| FNMA, Pool #FN AT7120 | 3.500 | % | 06/01/33 | 368,129 | 337,615 | |||||||||||
| FNMA, Pool #FN AL5166 | 3.000 | % | 11/01/33 | 228,793 | 205,628 | |||||||||||
| FNMA, Pool #FN AL6685 | 4.000 | % | 01/01/35 | 364,170 | 335,434 | |||||||||||
| FNMA, Pool #FN MA2198 | 3.500 | % | 03/01/35 | 238,754 | 219,290 | |||||||||||
| FNMA, Pool #FN MA3050 | 4.500 | % | 06/01/37 | 370,678 | 345,147 | |||||||||||
| FNMA, Pool #FN AS4073 | 4.000 | % | 12/01/44 | 169,359 | 154,634 | |||||||||||
| FNMA, Pool #FN MA2778 | 3.500 | % | 10/01/46 | 86,687 | 74,177 | |||||||||||
| FNMA, Pool #BM6530 | 3.000 | % | 10/01/48 | 324,868 | 275,424 | |||||||||||
| FNMA, Pool #CA6940 | 2.247 | % | 09/01/50 | 2,517,597 | 2,188,496 | |||||||||||
| FNMA, Pool #FN BP7449 | 2.041 | % | 10/01/50 | 956,378 | 859,858 | |||||||||||
| FNMA, Pool #BM6452 | 2.114 | % | 10/01/50 | 3,516,740 | 3,033,092 | |||||||||||
| FNMA, Pool #FN BQ5239 | 2.222 | % | 10/01/50 | 1,988,135 | 1,800,074 | |||||||||||
| FNMA, Pool #FN MA4199 | 1.500 | % | 11/01/50 | 817,644 | 572,098 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS Passthrough - 5.1% (Continued) | ||||||||||||||||
| FNMA, Pool #FN BK8466 | 2.241 | % | 12/01/50 | $ | 1,070,105 | $ | 926,691 | |||||||||
| FNMA, Pool #FN MA4294 | 1.500 | % | 03/01/51 | 1,751,854 | 1,221,427 | |||||||||||
| FNMA, Pool #FN BR9977 | 1.782 | % | 06/01/51 | 2,937,138 | 2,478,518 | |||||||||||
| GNMA, Pool #MA5738M | 4.000 | % | 02/20/34 | 173,474 | 164,947 | |||||||||||
| GNMA, Pool #GN 784279 | 5.500 | % | 11/15/38 | 280,802 | 277,939 | |||||||||||
| GNMA, Pool #711522X | 4.500 | % | 07/15/40 | 237,128 | 226,065 | |||||||||||
| GNMA, Pool #GN 78541 | 4.500 | % | 06/15/46 | 99,649 | 95,496 | |||||||||||
| GNMA, Pool #G2 784792 | 4.500 | % | 08/20/49 | 477,852 | 434,619 | |||||||||||
| GNMA, Pool #G2 MA7248 | 3.000 | % | 03/20/51 | 1,053,828 | 868,071 | |||||||||||
| GNMA, Pool #G2 CI6717 | 3.000 | % | 10/20/51 | 2,004,126 | 1,703,610 | |||||||||||
| GNMA, Pool #MA7929M | 3.500 | % | 03/20/52 | 7,771,117 | 6,658,889 | |||||||||||
| GNMA, Pool #G2 CM7497C | 5.000 | % | 08/20/52 | 7,175,758 | 6,692,546 | |||||||||||
| GNMA, Pool #G2 CR2128 | 3.000 | % | 04/20/55 | 837,560 | 670,934 | |||||||||||
| GNMA, Pool #G2 CN5057 | 4.500 | % | 07/20/62 | 2,536,128 | 2,250,749 | |||||||||||
| GNMA, Pool #CN5236C | 4.000 | % | 08/20/62 | 7,475,772 | 6,545,969 | |||||||||||
| GNMA, Pool #G2 CN5237 | 4.500 | % | 08/20/62 | 2,610,177 | 2,316,461 | |||||||||||
| GNMA, Pool #G2 CQ3549 | 3.000 | % | 10/20/62 | 226,254 | 180,102 | |||||||||||
| GNMA, Pool #G2 CS5780 | 3.000 | % | 02/20/63 | 332,944 | 265,031 | |||||||||||
| 58,768,679 | ||||||||||||||||
| ARM - 0.0% (d) | ||||||||||||||||
| Structured Asset Securities Corp., Series 2003-37A, Class 2-A (a) | 5.324 | % | 12/25/33 | 6,721 | 6,309 | |||||||||||
| Auto Loan - 2.5% | ||||||||||||||||
| ACM Auto Trust, Series 2023-1A, Class C (c) | 8.590 | % | 01/22/30 | 3,400,000 | 3,391,491 | |||||||||||
| ACM Auto Trust, Series 2023-2A, Class A (c) | 7.970 | % | 06/20/30 | 2,076,621 | 2,078,400 | |||||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2021-1A, Class A (c) | 1.190 | % | 01/15/27 | 452,092 | 442,123 | |||||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, Class C (c) | 9.840 | % | 03/15/29 | 3,500,000 | 3,576,823 | |||||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class C (c) | 2.160 | % | 02/17/26 | 330,564 | 328,073 | |||||||||||
| CarNow Auto Receivables Trust, Series 2023-1A, Class B (c) | 6.950 | % | 03/16/26 | 2,500,000 | 2,488,757 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Auto Loan - 2.5% (Continued) | ||||||||||||||||
| CarNow Auto Receivables Trust, Series 2023-1A, Class D (c) | 7.990 | % | 02/15/28 | $ | 2,500,000 | $ | 2,454,342 | |||||||||
| Credit Acceptance Auto Loan Trust, Series 2023-3A, Class C (c) | 7.620 | % | 12/15/33 | 3,000,000 | 2,982,439 | |||||||||||
| Credito Real USA Auto Receivable, Series 2021-1, Class A (c) | 1.350 | % | 02/16/27 | 92,583 | 91,808 | |||||||||||
| FHF Trust, Series 2021-2A, Class A (c) | 0.830 | % | 12/15/26 | 342,921 | 328,672 | |||||||||||
| FHF Trust, Series 2021-1, Class A (c) | 1.270 | % | 03/15/27 | 239,442 | 231,338 | |||||||||||
| FHF Trust, Series 2021-2A, Class B (c) | 1.630 | % | 09/15/27 | 5,590,000 | 5,036,135 | |||||||||||
| Lobel Automobile Receivables Trust, Series 2023-1, Class A (c) | 6.970 | % | 07/15/26 | 1,095,371 | 1,095,429 | |||||||||||
| OneMain Direct Auto Receivables, Series 2019-1, Class D (c) | 4.680 | % | 04/14/31 | 675,000 | 630,918 | |||||||||||
| Veros Auto Receivables Trust, Series 2021-1, Class B (c) | 1.490 | % | 10/15/26 | 971,785 | 953,064 | |||||||||||
| Veros Auto Receivables Trust, Series 2023-1, Class A (c) | 7.120 | % | 11/15/28 | 1,912,018 | 1,915,181 | |||||||||||
| 28,024,993 | ||||||||||||||||
| CRE/CLO - 4.2% | ||||||||||||||||
| A10 Securitization, Series 2021-D, Class D (c) | 4.409 | % | 10/01/38 | 1,241,661 | 1,084,910 | |||||||||||
| A10 Securitization, Series 2021-D, Class E (c) | 4.937 | % | 10/01/38 | 1,266,495 | 1,087,872 | |||||||||||
| A10 Securitization, Series 2020-C, Class D (c) | 4.129 | % | 08/15/40 | 3,100,000 | 3,051,094 | |||||||||||
| A10 Securitization, Series 2020-C, Class E (c) | 5.465 | % | 08/15/40 | 250,000 | 225,134 | |||||||||||
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class D (1* TSFR1M + 271) (a)(c) | 8.045 | % | 12/18/37 | 1,000,000 | 945,082 | |||||||||||
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class E (1* TSFR1M + 321) (a)(c) | 8.545 | % | 12/18/37 | 675,000 | 626,353 | |||||||||||
| ACREC, Series 2021-FL1, Class E (1* TSFR1M + 311) (a)(c) | 8.445 | % | 10/16/36 | 2,000,000 | 1,858,548 | |||||||||||
| AREIT CRE Trust, Series 2021-CRE5, Class A (1* TSFR1M + 119) (a)(c) | 6.508 | % | 11/17/38 | 1,162,713 | 1,144,468 | |||||||||||
| AREIT CRE Trust, Series 2022-CRE7, Class C (1* SOFR + 384) (a)(c) | 9.174 | % | 06/17/39 | 900,000 | 887,314 | |||||||||||
| BDS Ltd., Series 2021-FL8, Class C (1* TSFR1M + 166) (c) | 6.995 | % | 01/18/36 | 1,093,000 | 1,050,894 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| CRE/CLO - 4.2% (Continued) | ||||||||||||||||
| BDS Ltd., Series 2021-FL8, Class D (1* TSFR1M + 201) (a)(c) | 7.345 | % | 01/18/36 | $ | 1,000,000 | $ | 960,284 | |||||||||
| BXMT Ltd., Series 2020-FL2, Class A (1* TSFR1M + 101) (c) | 6.347 | % | 02/15/38 | 4,771,506 | 4,496,791 | |||||||||||
| BXMT Ltd., Series 2020-FL2, Class D (1* TSFR1M + 206) (a)(c)(e) | 7.378 | % | 02/15/38 | 1,520,000 | 1,224,334 | |||||||||||
| BXMT Ltd., Series 2020-FL2, Class B (1* TSFR1M + 151) (c) | 6.828 | % | 02/18/38 | 2,110,000 | 1,837,913 | |||||||||||
| BXMT Ltd., Series 2021-FL4, Class C (1* TSFR1M + 186) (c) | 7.197 | % | 05/15/38 | 1,600,000 | 1,393,747 | |||||||||||
| BXMT Ltd., Series 2021-FL4, Class D (1* TSFR1M + 236) (a)(c)(e) | 7.697 | % | 05/15/38 | 2,250,000 | 1,791,324 | |||||||||||
| HERA Commercial Mortgage Ltd., Series 2021-FL1, Class C (1* TSFR1M + 206) (c) | 7.376 | % | 02/18/38 | 3,000,000 | 2,843,082 | |||||||||||
| KKR Financial Management, Series 2021-FL2, Class A (c) | 6.517 | % | 02/15/39 | 2,000,000 | 1,973,040 | |||||||||||
| KKR Real Estate Finance Trust, Series 2021-FL2, Class A-S (1* TSFR1M + 141) (c) | 6.747 | % | 02/15/39 | 1,500,000 | 1,430,658 | |||||||||||
| LoanCore Issuer Ltd., Series 2019-CRE3, Class D (1* TSFR1M + 261) (a)(c)(e) | 7.925 | % | 04/15/34 | 3,420,000 | 3,285,252 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class AS (1* TSFR1M + 131) (a)(c) | 6.647 | % | 07/15/36 | 1,300,000 | 1,268,614 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class C (1* TSFR1M + 181) (a)(c) | 7.147 | % | 07/15/36 | 1,000,000 | 967,062 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL8, Class E (c) | 8.480 | % | 02/19/37 | 200,000 | 184,981 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL10, Class D (1* TSFR1M + 573) (a)(c) | 11.056 | % | 09/17/37 | 750,000 | 743,270 | |||||||||||
| PFP Ltd., Series 2021-8, Class A (1* TFSR1M + 111) (a)(c) | 6.446 | % | 08/09/37 | 1,368,649 | 1,348,731 | |||||||||||
| PFP Ltd., Series 2021-8, Class C (1* TFSR1M + 191) (a)(c) | 7.246 | % | 08/09/37 | 1,700,000 | 1,632,677 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| CRE/CLO - 4.2% (Continued) | ||||||||||||||||
| PFP Ltd., Series 2021-7, Class A-S (1* TFSR1M + 126) (c) | 6.597 | % | 04/14/38 | $ | 1,227,232 | $ | 1,215,017 | |||||||||
| PFP Ltd., Series 2021-7, Class B (1* TFSR1M + 151) (a)(c) | 6.847 | % | 04/14/38 | 961,952 | 933,837 | |||||||||||
| PFP Ltd., Series 2021-7, Class D (1* TSFR1M + 251) (a)(c) | 7.847 | % | 04/14/38 | 1,749,913 | 1,669,271 | |||||||||||
| PFP Ltd., Series 2021-7, Class E (1* TFSR1M + 311) (c) | 8.447 | % | 04/14/38 | 1,249,938 | 1,188,997 | |||||||||||
| Shelter Growth Capital Partners, LLC, Series 2021-FL3, Class A (1* TSFR1M + 119) (a)(c) | 6.527 | % | 09/15/36 | 383,517 | 375,267 | |||||||||||
| TPG Real Estate Finance, Series 2019-FL3, Class D (1* TSFR1M + 256) (c) | 7.897 | % | 10/15/34 | 1,000,000 | 945,018 | |||||||||||
| TPG Real Estate Finance, Series 2019-FL3, Class C (c) | 7.547 | % | 10/17/34 | 2,000,000 | 1,960,018 | |||||||||||
| 47,630,854 | ||||||||||||||||
| Credit Cards - 3.8% | ||||||||||||||||
| Brex Commercial Charge Card Master Trust, Series 2022-1, Class A (c) | 4.630 | % | 07/15/25 | 700,000 | 688,686 | |||||||||||
| Continental Credit Card, LLC, Series 2019-1, Class B (c) | 4.950 | % | 08/15/26 | 280,654 | 278,075 | |||||||||||
| Continental Credit Card, LLC, Series 2020-A, Class A (c) | 2.240 | % | 12/15/28 | 1,600,000 | 1,554,396 | |||||||||||
| Continental Credit Card, LLC, Series 2020-A, Class B (c) | 3.660 | % | 12/15/28 | 3,000,000 | 2,801,814 | |||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class B (c) | 3.490 | % | 12/17/29 | 2,500,000 | 2,288,620 | |||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class C (c) | 4.020 | % | 12/17/29 | 2,500,000 | 2,175,966 | |||||||||||
| Continental Credit Card, LLC, Series 2022-A, Class C (c) | 9.330 | % | 10/15/30 | 2,300,000 | 2,168,794 | |||||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class D (c) | 6.630 | % | 07/20/30 | 486,099 | 481,885 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class D (c) | 2.090 | % | 12/21/26 | 1,003,000 | 884,324 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Credit Cards - 3.8% (Continued) | ||||||||||||||||
| Genesis Sales Finance Master Trust, Series 2022-B, Class C (c) | 9.530 | % | 09/20/27 | $ | 1,500,000 | $ | 1,493,894 | |||||||||
| Genesis Sales Finance Master Trust, Series 2022-A, Class D (c) | 10.970 | % | 09/20/27 | 1,500,000 | 1,471,054 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-1A, Class A (c) | 2.500 | % | 09/21/26 | 8,150,000 | 7,801,556 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-1A, Class B (c) | 3.200 | % | 09/21/26 | 2,090,000 | 2,002,587 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-3A, Class B (c) | 10.680 | % | 06/21/27 | 2,500,000 | 2,488,314 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2023-1A, Class B (c) | 8.040 | % | 09/20/27 | 5,000,000 | 5,017,961 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2023-1A, Class B (c) | 9.590 | % | 09/20/27 | 3,500,000 | 3,503,368 | |||||||||||
| Mission Lane Credit Card Master, Series 2023-A, Class B (c) | 8.150 | % | 07/17/28 | 1,850,000 | 1,833,669 | |||||||||||
| Mission Lane Credit Card Master, Series 2023-A, Class C (c) | 10.030 | % | 07/17/28 | 4,000,000 | 4,000,316 | |||||||||||
| 42,935,279 | ||||||||||||||||
| Equipment - 0.4% | ||||||||||||||||
| Business Jet Securities, LLC, Series 2020-1, Class B (c) | 3.967 | % | 11/15/35 | 115,170 | 107,720 | |||||||||||
| Business Jet Securities, LLC, Series 2021-1A, Class B (c) | 2.918 | % | 04/15/36 | 232,340 | 206,342 | |||||||||||
| CLI Funding VI, LLC, Series 2020-1, Class B (c) | 3.620 | % | 09/18/45 | 449,800 | 393,136 | |||||||||||
| NMEF Funding, LLC, Series 2023-A, Class C (c) | 8.040 | % | 06/17/30 | 2,000,000 | 1,949,603 | |||||||||||
| Octane Receivables Trust, Series 2021-1A, Class C (c) | 2.230 | % | 11/20/28 | 1,350,000 | 1,247,003 | |||||||||||
| Stellar Jay Ireland DAC, Series 2021-1, Class B (c) | 5.926 | % | 10/15/41 | 844,630 | 599,087 | |||||||||||
| 4,502,891 | ||||||||||||||||
| HECM - 3.2% | ||||||||||||||||
| Boston Lending Trust, Series 2022-1, Class M2 (c)(e) | 2.750 | % | 02/25/62 | 523,101 | 353,597 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| HECM - 3.2% (Continued) | ||||||||||||||||
| Brean Asset Backed Securities, Series 2022-RM4, Class M1 (c)(e) | 3.000 | % | 07/25/62 | $ | 1,037,042 | $ | 708,201 | |||||||||
| Brean Asset Backed Securities, Series 2022-RM5, Class M1 (c)(e) | 4.500 | % | 09/25/62 | 2,402,067 | 1,732,561 | |||||||||||
| Brean Asset Backed Securities, Series 2022-RM5, Class M2 (c)(e) | 4.500 | % | 09/25/62 | 2,715,380 | 1,761,073 | |||||||||||
| Brean Asset Backed Securities, Series 2023-RM6, Class A2 (c) | 5.250 | % | 01/25/63 | 4,250,000 | 3,556,262 | |||||||||||
| Brean Asset Backed Securities, Series 2023-RM6, Class M1 (c)(e) | 5.250 | % | 01/25/63 | 2,787,028 | 1,946,787 | |||||||||||
| Brean Asset Backed Securities, Series 2023-RM6, Class M2 (c)(e) | 5.250 | % | 01/25/63 | 2,787,028 | 1,702,499 | |||||||||||
| Brean Asset Backed Securities, Series 2023-SRM1, Class M1 (c) | 4.000 | % | 09/25/63 | 3,000,000 | 2,556,680 | |||||||||||
| Brean Asset Backed Securities, Series 2023-SRM1, Class M3 (c) | 4.000 | % | 09/25/63 | 2,850,000 | 2,109,557 | |||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class M3 (c) | 3.750 | % | 04/25/25 | 1,500,000 | 1,339,413 | |||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class A (c) | 3.750 | % | 04/25/25 | 2,924,549 | 2,865,538 | |||||||||||
| Finance of America HECM Buyout Trust, Series 2022-HB1, Class M3 (a)(c) | 5.084 | % | 02/25/32 | 1,650,000 | 1,405,605 | |||||||||||
| Finance of America HECM Buyout Trust, Series 2022-HB2, Class M3 (c) | 6.000 | % | 08/01/32 | 2,175,000 | 1,886,533 | |||||||||||
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M3 (c) | 3.000 | % | 06/25/36 | 4,000,000 | 3,119,460 | |||||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 (c) | 3.690 | % | 11/25/31 | 1,550,000 | 1,328,266 | |||||||||||
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AI (a)(c) | 1.719 | % | 10/25/50 | 1,626,215 | 1,493,598 | |||||||||||
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M1 (c) | 2.619 | % | 10/25/50 | 1,500,000 | 1,273,186 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2021-2, Class A (a)(c) | 2.125 | % | 09/25/61 | 3,254,673 | 2,310,724 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| HECM - 3.2% (Continued) | ||||||||||||||||
| RMF Proprietary Issuance Trust, Series 2022-1, Class A (a)(c) | 3.000 | % | 01/25/62 | $ | 1,526,147 | $ | 1,265,060 | |||||||||
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 (a)(c) | 3.750 | % | 06/25/62 | 1,100,000 | 592,477 | |||||||||||
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 (a)(c) | 3.000 | % | 01/25/62 | 1,000,000 | 694,482 | |||||||||||
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 (c) | 3.000 | % | 01/25/62 | 1,000,000 | 615,521 | |||||||||||
| 36,617,080 | ||||||||||||||||
| Hospitality - 0.6% | ||||||||||||||||
| BHMS Mortgage Trust, Series 2018-ATLS, Class A (1* TSFR1M + 130) (a)(c) | 6.879 | % | 07/15/35 | 1,840,991 | 1,817,462 | |||||||||||
| BHMS Mortgage Trust, Series 2018-ATLS, Class B (1* TSFR1M + 155) (c) | 7.129 | % | 07/15/35 | 1,000,000 | 968,898 | |||||||||||
| BX Commercial Mortgage Trust, Series 2020-VIV3, Class B (a)(c) | 3.544 | % | 03/09/44 | 1,300,000 | 1,080,835 | |||||||||||
| BX Trust, Series 2018-GW, Class E (1* TSFR1M + 227) (a)(c) | 7.578 | % | 05/15/35 | 1,802,000 | 1,756,647 | |||||||||||
| Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class C (1* TSFR1M + 150) (a)(c) | 7.093 | % | 07/15/25 | 882,756 | 864,974 | |||||||||||
| 6,488,816 | ||||||||||||||||
| Industrial - 0.5% | ||||||||||||||||
| BX Trust, Series 2021-VOLT, Class C (1* TSFR1M + 121) (c) | 6.547 | % | 09/15/36 | 5,000,000 | 4,804,148 | |||||||||||
| BX Trust, Series 2021-VOLT, Class D (1* TSFR1M + 176) (a)(c) | 7.097 | % | 09/15/36 | 950,000 | 906,173 | |||||||||||
| 5,710,321 | ||||||||||||||||
| Laboratory - 0.1% | ||||||||||||||||
| VLS Commercial Mortgage Trust, Series 2020-LAB, Class A (c) | 2.130 | % | 10/10/42 | 2,160,000 | 1,644,600 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Manufactured Housing - 0.0% (d) | ||||||||||||||||
| Cascade Manufactured Housing Asset Trust, Series 2019-MH1, Class M (a)(c) | 5.985 | % | 11/25/44 | $ | 100,000 | $ | 94,071 | |||||||||
| Multifamily - 1.1% | ||||||||||||||||
| FREMF Mortgage Trust, Series 2017-KF39, Class B (1* SOFR + 250) (a)(c) | 7.926 | % | 11/25/24 | 330,814 | 324,278 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF42, Class B (1* SOFR + 220) (a)(c) | 7.626 | % | 12/25/24 | 603,756 | 588,896 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF44, Class B (1* SOFR + 215) (a)(c) | 7.576 | % | 02/25/25 | 213,477 | 208,223 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF53, Class B (1* SOFR + 205) (a)(c) | 7.476 | % | 10/25/25 | 491,756 | 472,549 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1* SOFR + 215) (a)(c) | 7.576 | % | 01/25/28 | 236,208 | 222,724 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF48, Class B (1* SOFR + 205) (c) | 7.476 | % | 06/25/28 | 1,438,424 | 1,280,778 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1* SOFR + 190) (a)(c) | 7.326 | % | 07/25/28 | 338,254 | 300,077 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1* SOFR + 225) (a)(c) | 7.466 | % | 01/25/29 | 1,485,409 | 1,386,622 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1* SOFR + 225) (a)(c) | 7.466 | % | 08/25/29 | 376,366 | 349,079 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN2, Class M-1 (1* SOFR + 180) (a)(c) | 7.088 | % | 07/25/41 | 2,598,729 | 2,432,601 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN1, Class M-1 (1* SOFR + 200) (a)(c) | 7.315 | % | 01/25/51 | 994,139 | 963,168 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class M1 (1* SOFR + 230) (a)(c) | 7.615 | % | 11/25/51 | 1,743,042 | 1,686,914 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2022-MN4, Class M1 (1* SOFR + 425) (a)(c) | 9.565 | % | 05/25/52 | 1,964,964 | 1,979,023 | |||||||||||
| 12,194,932 | ||||||||||||||||
| Non-Agency MBS 2.0 - 0.2% | ||||||||||||||||
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 (1* SOFR + 155) (a) | 6.865 | % | 02/25/50 | 676,836 | 602,774 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Non-Agency MBS 2.0 - 0.2% (Continued) | ||||||||||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1 (1* SOFR + 130) (a)(c) | 6.615 | % | 03/25/51 | $ | 619,575 | $ | 584,333 | |||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 (1* SOFR + 180) (a)(c) | 7.115 | % | 03/25/51 | 1,714,635 | 1,565,427 | |||||||||||
| 2,752,534 | ||||||||||||||||
| Non-Performing Loan - 0.2% | ||||||||||||||||
| Cascade Funding Mortgage Trust, Series 2021-1, Class A (c) | 0.985 | % | 11/25/50 | 1,870,556 | 1,708,772 | |||||||||||
| Cascade Funding Mortgage Trust, Series 2021-EBO1, Class M3 (a)(c) | 3.086 | % | 11/25/50 | 700,000 | 606,843 | |||||||||||
| 2,315,615 | ||||||||||||||||
| Office - 0.5% | ||||||||||||||||
| Drop Mortgage Trust, Series 2021-FILE, Class A (1* TSFR1M + 126) (c) | 6.596 | % | 10/15/43 | 2,000,000 | 1,864,358 | |||||||||||
| Drop Mortgage Trust, Series 2021-FILE, Class C (1* TSFR1M + 236) (a)(c) | 7.696 | % | 10/15/43 | 3,000,000 | 2,430,000 | |||||||||||
| SFO Commercial Mortgage Trust, Series 2021-555, Class A (c) | 6.596 | % | 05/15/38 | 2,000,000 | 1,814,529 | |||||||||||
| 6,108,887 | ||||||||||||||||
| Residential Transition Loan - 2.1% | ||||||||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 (c) | 3.280 | % | 01/25/26 | 1,287,167 | 1,250,405 | |||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 (c) | 5.610 | % | 01/25/26 | 299,341 | 292,810 | |||||||||||
| Antler Mortgage Trust, Series 2021-RTL1, Class M (a)(c) | 5.438 | % | 05/25/25 | 1,750,000 | 1,580,760 | |||||||||||
| Corevest American Finance Ltd., Series 2021-RTL1, Class A2 (c) | 3.104 | % | 03/28/29 | 1,000,000 | 909,320 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL1, Class M (a)(c) | 4.458 | % | 02/25/26 | 750,000 | 671,853 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class A2 (c) | 2.783 | % | 06/25/26 | 700,000 | 633,876 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class M (c) | 4.458 | % | 06/25/26 | 1,250,000 | 1,092,364 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Residential Transition Loan - 2.1% (Continued) | ||||||||||||||||
| LHOME Mortgage Trust, Series 2022-RTL1, Class A2 (c) | 4.948 | % | 02/25/27 | $ | 1,355,000 | $ | 1,243,562 | |||||||||
| LHOME Mortgage Trust, Series 2022-RTL1, Class M (c) | 6.900 | % | 02/25/27 | 1,250,000 | 1,136,875 | |||||||||||
| New York Mortgage Trust, Series 2021-BPL1, Class A1 (c) | 2.239 | % | 05/25/26 | 2,022,832 | 2,003,951 | |||||||||||
| New York Mortgage Trust, Series 2022-BPL1, Class A2 (c) | 4.948 | % | 11/25/27 | 1,200,000 | 1,140,178 | |||||||||||
| ROC Securities Trust, Series 2021-RTL1, Class A1 (c) | 2.487 | % | 08/25/26 | 1,250,000 | 1,216,255 | |||||||||||
| ROC Securities Trust, Series 2021-RTL1, Class A2 (c) | 3.351 | % | 08/25/26 | 3,500,000 | 3,161,485 | |||||||||||
| Toorak Mortgage Corp., Series 2021-1, Class A-1 (c) | 2.240 | % | 06/25/24 | 465,389 | 452,521 | |||||||||||
| Toorak Mortgage Corp., Series 2022-1, Class A2 (c) | 4.948 | % | 03/25/29 | 1,000,000 | 968,896 | |||||||||||
| TVC Mortgage Trust, Series 2023-RTL1, Class A2 (c) | 9.500 | % | 11/25/27 | 6,000,000 | 5,923,309 | |||||||||||
| 23,678,420 | ||||||||||||||||
| Retail - 1.0% | ||||||||||||||||
| BX Trust, Series 2021-VIEW, Class B (1* SOFR + 180) (a)(c) | 7.224 | % | 06/15/36 | 1,150,000 | 1,075,968 | |||||||||||
| BX Trust, Series 2021-VIEW, Class E (1* SOFR + 360) (a)(c)(e) | 9.024 | % | 06/15/36 | 1,650,000 | 1,481,129 | |||||||||||
| Credit Suisse Mortgage Trust, Series 2018-SITE, Class A (c) | 4.284 | % | 04/15/36 | 1,857,000 | 1,809,144 | |||||||||||
| Credit Suisse Mortgage Trust, Series 2018-SITE, Class C (a)(c) | 4.941 | % | 04/15/36 | 300,000 | 289,944 | |||||||||||
| Credit Suisse Mortgage Trust, Series 2018-SITE, Class D (1* TSFR1M + 101) (a)(c) | 4.941 | % | 04/15/36 | 235,000 | 225,441 | |||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class A (1* SOFR + 115) (c) | 6.597 | % | 02/15/40 | 2,314,061 | 2,209,686 | |||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class B (1* SOFR + 145) (a)(c) | 6.897 | % | 02/15/40 | 2,123,200 | 1,994,225 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Retail - 1.0% (Continued) | ||||||||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C (1* SOFR + 180) (a)(c) | 7.247 | % | 02/15/40 | $ | 580,000 | $ | 537,152 | |||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D (1* SOFR + 250) (a)(c) | 7.947 | % | 02/15/40 | 1,524,000 | 1,365,843 | |||||||||||
| 10,988,532 | ||||||||||||||||
| Single Family Rental - 2.3% | ||||||||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class A (c) | 3.790 | % | 10/17/36 | 4,273,318 | 4,172,142 | |||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class E (c) | 6.231 | % | 10/17/36 | 300,000 | 296,879 | |||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class D (c) | 3.678 | % | 12/17/36 | 1,829,857 | 1,780,447 | |||||||||||
| American Homes 4 Rent, Series 2014-SFR3, Class E (c) | 6.418 | % | 12/17/36 | 300,000 | 297,457 | |||||||||||
| American Homes 4 Rent, Series 2015-SFR1, Class A (c) | 3.467 | % | 04/17/52 | 2,655,973 | 2,555,273 | |||||||||||
| American Homes 4 Rent, Series 2015-SFR2, Class A (c) | 3.732 | % | 10/18/52 | 3,896,804 | 3,732,533 | |||||||||||
| Home Partners of America Trust, Series 2021-2, Class D (c) | 2.652 | % | 12/17/26 | 962,650 | 843,591 | |||||||||||
| Home Partners of America Trust, Series 2019-1, Class B (c) | 3.157 | % | 09/17/39 | 473,488 | 422,161 | |||||||||||
| Home Partners of America Trust, Series 2019-2, Class B (c) | 2.922 | % | 10/19/39 | 599,534 | 531,616 | |||||||||||
| Progress Residential Trust, Series 2023-SFR2, Class E1 (c) | 4.750 | % | 10/17/28 | 2,000,000 | 1,735,756 | |||||||||||
| Progress Residential Trust, Series 2019-SFR3, Class A (c) | 2.271 | % | 09/17/36 | 571,971 | 551,453 | |||||||||||
| Progress Residential Trust, Series 2019-SFR3, Class C (c) | 2.721 | % | 09/17/36 | 2,000,000 | 1,922,924 | |||||||||||
| Progress Residential Trust, Series 2019-SFR4, Class B (c) | 2.937 | % | 10/17/36 | 1,910,000 | 1,841,371 | |||||||||||
| Progress Residential Trust, Series 2020-SFR1, Class A (c) | 1.732 | % | 04/17/37 | 5,973,258 | 5,582,861 | |||||||||||
| 26,266,464 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Small Business - 1.5% | ||||||||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class A (c) | 2.390 | % | 04/15/26 | $ | 6,000,000 | $ | 5,819,618 | |||||||||
| Credibility Asset Securitization, Series 2021-1A, Class C (c) | 3.380 | % | 04/15/26 | 1,250,000 | 1,198,218 | |||||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class C (c) | 3.850 | % | 05/15/27 | 418,000 | 381,907 | |||||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class A (1* Prime - 55) (a)(c) | 7.950 | % | 02/25/44 | 291,148 | 288,399 | |||||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class B (1* Prime + 75) (a)(c) | 9.250 | % | 02/25/44 | 76,618 | 76,076 | |||||||||||
| Newtek Small Business Loan Trust, Series 2019-01, Class A (1* Prime - 90) (a)(c) | 7.600 | % | 12/25/44 | 342,450 | 338,289 | |||||||||||
| Newtek Small Business Loan Trust, Series 2022-1, Class B (1* SOFR + 375) (a)(c) | 8.750 | % | 10/25/49 | 1,263,737 | 1,249,006 | |||||||||||
| Newtek Small Business Loan Trust, Series 2023-1, Class B (c) | 9.250 | % | 07/25/50 | 3,066,508 | 3,053,053 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2023-1, Class C (c) | 9.930 | % | 08/19/30 | 3,350,000 | 3,295,358 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class B (c) | 2.280 | % | 05/17/27 | 750,000 | 717,826 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class C (c) | 2.970 | % | 05/17/27 | 650,000 | 613,821 | |||||||||||
| 17,031,571 | ||||||||||||||||
| Student Loan - 0.7% | ||||||||||||||||
| College Ave Student Loans, Series 2018-A, Class B (c) | 4.750 | % | 12/26/47 | 58,811 | 55,366 | |||||||||||
| College Ave Student Loans, Series 2018-A, Class C (c) | 5.500 | % | 12/26/47 | 54,073 | 51,930 | |||||||||||
| College Ave Student Loans, Series 2019-A, Class C (c) | 4.460 | % | 12/28/48 | 157,744 | 146,620 | |||||||||||
| College Ave Student Loans, Series 2019-A, Class A1 (1* SOFR + 140) (a)(c) | 6.834 | % | 12/28/48 | 91,631 | 91,234 | |||||||||||
| College Ave Student Loans, Series 2021-A, Class B (c) | 2.320 | % | 07/25/51 | 437,878 | 385,207 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Student Loan - 0.7% (Continued) | ||||||||||||||||
| College Ave Student Loans, Series 2021-A, Class D (c) | 4.120 | % | 07/25/51 | $ | 472,896 | $ | 436,378 | |||||||||
| Laurel Road Prime Student Loan, Series 2018-B, Class A2 (c) | 3.540 | % | 05/26/43 | 4,866 | 4,818 | |||||||||||
| Laurel Road Prime Student Loan, Series 2019-A, Class A2FX (c) | 2.730 | % | 10/25/48 | 1,463,182 | 1,419,104 | |||||||||||
| Prodigy Finance, Series 2021-1A, Class A (1* TSFR1M + 136) (a)(c) | 6.684 | % | 07/25/51 | 315,949 | 312,793 | |||||||||||
| SMB Private Education Loan Trust, Series 2018-C, Class B (c) | 4.000 | % | 11/17/42 | 200,000 | 180,146 | |||||||||||
| Social Professional Loan Program, Series 2017-B, Class CFX (a)(c) | 4.440 | % | 05/25/40 | 900,000 | 812,268 | |||||||||||
| Social Professional Loan Program, Series 2017-E, Class C (c) | 4.160 | % | 11/26/40 | 1,585,000 | 1,419,201 | |||||||||||
| Social Professional Loan Program, Series 2020-A, Class BFX (c) | 3.120 | % | 05/15/46 | 425,000 | 327,184 | |||||||||||
| Social Professional Loan Program, Series 2018-D, Class BFX (c) | 4.140 | % | 02/25/48 | 500,000 | 438,371 | |||||||||||
| Social Professional Loan Program, Series 2019-B, Class BFX (c) | 3.730 | % | 08/17/48 | 750,000 | 633,175 | |||||||||||
| Social Professional Loan Program, Series 2019-C, Class BFX (c) | 3.050 | % | 11/16/48 | 1,130,000 | 914,964 | |||||||||||
| 7,628,759 | ||||||||||||||||
| Unsecured Consumer - 3.9% | ||||||||||||||||
| ACHV ABS Trust, Series 2023-1PL, Class C (c) | 7.420 | % | 03/18/30 | 1,500,000 | 1,506,014 | |||||||||||
| ACHV ABS Trust, Series 2023-3PL, Class D (c) | 8.360 | % | 08/19/30 | 1,250,000 | 1,257,161 | |||||||||||
| Affirm, Inc., Series 2022-Z1, Class B (c) | 6.490 | % | 06/15/27 | 1,500,000 | 1,438,713 | |||||||||||
| Affirm, Inc., Series 2023-B, Class B (c) | 7.440 | % | 09/15/28 | 2,000,000 | 1,998,498 | |||||||||||
| Avant Loans Funding Trust, Series 2021-REV1, Class A (c) | 1.210 | % | 07/15/30 | 2,100,145 | 2,073,382 | |||||||||||
| Avant Loans Funding Trust, Series 2021-REV1, Class C (c) | 2.300 | % | 07/15/30 | 1,800,000 | 1,702,908 | |||||||||||
| Conn Funding II, LP, Series 2023-A, Class A (c) | 8.010 | % | 01/17/28 | 2,732,509 | 2,736,138 | |||||||||||
| Freedom Financial Trust, Series 2022-3FP, Class D (c) | 7.360 | % | 08/20/29 | 2,000,000 | 1,980,424 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Unsecured Consumer - 3.9% (Continued) | ||||||||||||||||
| Lendmark Funding Trust, Series 2020-2, Class B (c) | 3.540 | % | 04/21/31 | $ | 1,195,000 | $ | 1,053,838 | |||||||||
| Lendmark Funding Trust, Series 2020-2A, Class C (c) | 4.690 | % | 04/21/31 | 550,000 | 484,912 | |||||||||||
| Lendmark Funding Trust, Series 2021-1A, Class C (c) | 3.410 | % | 11/20/31 | 750,000 | 624,579 | |||||||||||
| Lendmark Funding Trust, Series 2023-1A, Class C (c) | 6.160 | % | 05/20/33 | 2,000,000 | 1,956,624 | |||||||||||
| Mariner Finance Issuance Trust, Series 2021-AA, Class D (c) | 4.340 | % | 03/20/36 | 1,000,000 | 835,550 | |||||||||||
| Oportun Funding XIV, LLC, Series 2021-A, Class C (c) | 3.440 | % | 03/08/28 | 2,266,867 | 2,186,478 | |||||||||||
| Oportun Funding, LLC, Series 2022-1, Class C (c) | 6.000 | % | 06/15/29 | 1,000,000 | 958,275 | |||||||||||
| Oportun Funding, LLC, Series 2021-B, Class A (c) | 1.470 | % | 05/08/31 | 3,000,000 | 2,739,586 | |||||||||||
| Oportun Funding, LLC, Series 2022-A, Class C (c) | 7.400 | % | 06/09/31 | 2,500,000 | 2,370,842 | |||||||||||
| Oportun Funding, LLC, Series 2021-C, Class A (c) | 2.180 | % | 10/08/31 | 2,260,000 | 2,055,334 | |||||||||||
| Oportun Funding, LLC, Series 2021-C, Class B (c) | 2.670 | % | 10/08/31 | 3,750,000 | 3,369,541 | |||||||||||
| Reach Financial, LLC, Series 2021-1A, Class B (c) | 2.170 | % | 05/15/29 | 1,500,000 | 1,415,477 | |||||||||||
| Regional Management Issuance Trust, Series 2020-1, Class A (c) | 2.340 | % | 10/15/30 | 1,600,000 | 1,558,975 | |||||||||||
| Regional Management Issuance Trust, Series 2021-1, Class C (c) | 3.040 | % | 03/17/31 | 1,191,000 | 1,028,655 | |||||||||||
| Regional Management Issuance Trust, Series 2021-2, Class C (c) | 3.230 | % | 08/15/33 | 650,000 | 507,117 | |||||||||||
| Republic Finance Issuance Trust, Series 2020-A, Class B (c) | 3.540 | % | 11/20/30 | 1,185,000 | 1,117,257 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST2, Class A (c) | 2.500 | % | 04/20/27 | 281,801 | 272,816 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Securitized - 65.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Unsecured Consumer - 3.9% (Continued) | ||||||||||||||||
| Upstart Pass-Through Trust, Series 2021-ST4, Class A (c) | 2.000 | % | 07/20/27 | $ | 888,388 | $ | 849,662 | |||||||||
| Upstart Pass-Through Trust, Series 2021-1A, Class C (c) | 1.750 | % | 10/20/29 | 1,371,179 | 1,333,269 | |||||||||||
| Upstart Pass-Through Trust, Series 2022-ST1, Class A (c) | 2.600 | % | 03/20/30 | 387,431 | 375,434 | |||||||||||
| Upstart Securitization Trust, Series 2021-3, Class B (c) | 1.660 | % | 07/20/31 | 500,000 | 489,409 | |||||||||||
| Upstart Securitization Trust, Series 2022-4, Class A (c) | 5.980 | % | 08/20/32 | 1,432,406 | 1,421,936 | |||||||||||
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A (c) | 4.250 | % | 06/17/30 | 899,106 | 871,664 | |||||||||||
| 44,570,468 | ||||||||||||||||
| Total Securitized (Cost $809,156,343) | $ | 750,014,856 | ||||||||||||||
| Treasury - 14.8% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Inflation-Protected Notes | 0.500 | % | 04/15/24 | $ | 5,453,910 | $ | 5,358,041 | |||||||||
| U.S. Treasury Notes (b) | 1.625 | % | 02/15/26 | 5,000,000 | 4,631,641 | |||||||||||
| U.S. Treasury Inflation-Protected Notes | 0.125 | % | 04/15/26 | 5,827,850 | 5,444,487 | |||||||||||
| U.S. Treasury Notes (b) | 2.250 | % | 08/15/27 | 2,000,000 | 1,827,656 | |||||||||||
| U.S. Treasury Notes (b) | 0.500 | % | 10/31/27 | 15,000,000 | 12,688,477 | |||||||||||
| U.S. Treasury Notes | 1.250 | % | 09/30/28 | 26,000,000 | 22,096,953 | |||||||||||
| U.S. Treasury Notes | 3.875 | % | 11/30/29 | 5,000,000 | 4,792,187 | |||||||||||
| U.S. Treasury Notes (b) | 0.625 | % | 08/15/30 | 5,000,000 | 3,837,305 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 11/15/31 | 2,000,000 | 1,370,144 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/33 | 2,000,000 | 1,287,703 | |||||||||||
| U.S. Treasury STRIPS (b) | 0.000 | % | 05/15/33 | 2,100,000 | 1,334,314 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 08/15/33 | 4,000,000 | 2,507,045 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 08/15/34 | 8,000,000 | 4,769,091 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 11/15/34 | 3,000,000 | 1,765,687 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 05/15/35 | 3,000,000 | 1,722,054 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/36 | 10,250,000 | 5,652,541 |
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2023 (Unaudited)
| Treasury - 14.8% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/37 | $ | 12,000,000 | $ | 6,266,847 | |||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/38 | 10,000,000 | 4,926,365 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 11/15/38 | 6,000,000 | 2,818,918 | |||||||||||
| U.S. Treasury Bonds (b) | 1.125 | % | 08/15/40 | 29,000,000 | 16,484,687 | |||||||||||
| U.S. Treasury Bonds | 1.375 | % | 11/15/40 | 19,000,000 | 11,244,883 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 08/15/41 | 1,000,000 | 401,393 | |||||||||||
| U.S. Treasury Inflation-Protected Notes | 0.625 | % | 02/15/43 | 13,295,200 | 9,658,755 | |||||||||||
| U.S. Treasury Bonds | 2.250 | % | 08/15/46 | 17,500,000 | 11,096,094 | |||||||||||
| U.S. Treasury Bonds | 3.000 | % | 02/15/48 | 14,500,000 | 10,608,789 | |||||||||||
| U.S. Treasury Bonds | 1.250 | % | 05/15/50 | 16,000,000 | 7,548,750 | |||||||||||
| U.S. Treasury Bonds (b) | 1.625 | % | 11/15/50 | 12,000,000 | 6,285,469 | |||||||||||
| Total Treasury (Cost $194,169,526) | $ | 168,426,276 | ||||||||||||||
| Registered Investment Companies - 5.4% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 5.45% (f) | 24,528,251 | $ | 24,535,609 | |||||
| State Street Navigator Securities Lending Portfolio I, 5.25% (f)(g) | 37,013,350 | 37,013,350 | ||||||
| Total Registered Investment Companies (Cost $61,546,114) | $ | 61,548,959 | ||||||
| Total Investment Securities - 102.4% (Cost $1,266,483,294) | $ | 1,167,009,894 | ||||||
| Liabilities in Excess of Other Assets - (2.4)% | (27,350,599 | ) | ||||||
| Net Assets - 100.0% | $ | 1,139,659,295 | ||||||
| (a) | Variable rate security. The rate shown is the effective interest rate as of September 30, 2023. The benchmark on which the rate is calculated is shown parenthetically, if applicable. Certain variable rate securities are not based on a published rate and spread but are determined by the issuer or agent and may be based on index changes, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above. |
| (b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2023 was $49,914,710. |
| (c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2023 was $397,913,727, representing 34.9% of net assets. |
| (d) | Percentage rounds to less than 0.1%. |
| (e) | Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2023 was $15,986,757, representing 1.4% of net assets. |
| (f) | The rate shown is the 7-day effective yield as of September 30, 2023. |
| (g) | This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $14,189,160. |
| BKNT - | Bank Note |
| BV - | Besloten Vennootschap |
| CV - | Convertible Security |
| GMTN - | Global Medium-Term Note |
| IO - | Interest Only |
| NA - | National Association |
| plc - | Public Limited Company |
| PO - | Principal Only |
| Prime - | Short-term interest rate in the banking system of the U.S. |
| REIT - | Real Estate Investment Trust |
| SA - | Societe Anonyme |
| SOFR - | Secured Overnight Financing Rate |
| TSFR- | CME Term SOFR |
| UA - | Uitgesloten Aansprakelijkheid |