Diamond Hill Small Cap Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 97.2% | Shares | Fair Value | ||||||
| Communication Services - 0.8% | ||||||||
| Live Nation Entertainment, Inc. (a)(b) | 33,472 | $ | 2,545,211 | |||||
| Consumer Discretionary - 14.3% | ||||||||
| Carter's, Inc. (a) | 24,051 | 1,576,062 | ||||||
| Century Communities, Inc. (a) | 23,433 | 1,002,464 | ||||||
| Green Brick Partners, Inc. (a)(b) | 380,970 | 8,145,139 | ||||||
| Hanesbrands, Inc. (a) | 51,454 | 358,120 | ||||||
| Johnson Outdoors, Inc., Class A (a) | 29,997 | 1,539,146 | ||||||
| PROG Holdings, Inc. (b) | 40,000 | 599,200 | ||||||
| Red Rock Resorts, Inc., Class A (a) | 508,342 | 17,415,797 | ||||||
| Rocky Brands, Inc. (a) | 127,913 | 2,565,935 | ||||||
| Vail Resorts, Inc. | 40,173 | 8,662,906 | ||||||
| Wolverine World Wide, Inc. | 271,271 | 4,174,861 | ||||||
| 46,039,630 | ||||||||
| Consumer Staples - 10.1% | ||||||||
| BellRing Brands, Inc. (b) | 138,294 | 2,850,239 | ||||||
| Cal-Maine Foods, Inc. | 210,992 | 11,729,045 | ||||||
| Lancaster Colony Corp. | 23,080 | 3,468,462 | ||||||
| Post Holdings, Inc. (b) | 104,986 | 8,599,403 | ||||||
| Seaboard Corp. | 1,699 | 5,781,119 | ||||||
| 32,428,268 | ||||||||
| Energy - 3.4% | ||||||||
| Centrus Energy Corp., Class A (a)(b) | 20,298 | 831,812 | ||||||
| Civitas Resources, Inc. (a) | 174,742 | 10,028,443 | ||||||
| 10,860,255 | ||||||||
| Financials - 25.9% | ||||||||
| Bank OZK (a) | 411,255 | 16,269,248 | ||||||
| BankUnited, Inc. | 56,505 | 1,930,776 | ||||||
| BOK Financial Corp. | 70,390 | 6,254,855 | ||||||
| Cadence Bank (a) | 128,003 | 3,252,556 | ||||||
| Enstar Group Ltd. (b) | 44,088 | 7,476,884 | ||||||
| First Interstate BancSystem, Inc., Class A | 140,199 | 5,657,030 | ||||||
| Live Oak Bancshares, Inc. (a) | 239,513 | 7,329,098 | ||||||
| Mr. Cooper Group, Inc. (b) | 284,876 | 11,537,478 | ||||||
| Triumph Bancorp, Inc. (b) | 122,581 | 6,662,277 | ||||||
Diamond Hill Small Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 97.2% (Continued) | Shares | Fair Value | ||||||
| Financials - 25.9% (Continued) | ||||||||
| Webster Financial Corp. | 375,175 | $ | 16,957,910 | |||||
| 83,328,112 | ||||||||
| Health Care - 3.9% | ||||||||
| Enovis Corp. (b) | 118,572 | 5,462,612 | ||||||
| Integer Holdings Corp. (a)(b) | 31,924 | 1,986,630 | ||||||
| UFP Technologies, Inc. (a)(b) | 61,047 | 5,240,274 | ||||||
| 12,689,516 | ||||||||
| Industrials - 16.7% | ||||||||
| Allegiant Travel Co. (b) | 80,921 | 5,905,615 | ||||||
| Allied Motion Technologies, Inc. (a) | 226,018 | 6,468,635 | ||||||
| Concrete Pumping Holdings, Inc. (a)(b)(c) | 893,430 | 5,762,623 | ||||||
| Douglas Dynamics, Inc. (a) | 85,090 | 2,384,222 | ||||||
| Energy Recovery, Inc. (a)(b) | 184,221 | 4,004,965 | ||||||
| ESAB Corp. | 167,371 | 5,583,497 | ||||||
| First Advantage Corp. (b) | 199,611 | 2,561,009 | ||||||
| Kirby Corp. (b) | 85,000 | 5,165,450 | ||||||
| Sensata Technologies Holding plc | 6,275 | 233,932 | ||||||
| WESCO International, Inc. (b) | 130,706 | 15,603,682 | ||||||
| 53,673,630 | ||||||||
| Information Technology - 7.4% | ||||||||
| Rimini Street, Inc. (a)(b) | 1,640,735 | 7,645,825 | ||||||
| Sanmina Corp. (b) | 57,813 | 2,664,023 | ||||||
| WNS Holdings Ltd. - ADR (b) | 163,499 | 13,380,758 | ||||||
| 23,690,606 | ||||||||
| Materials - 7.2% | ||||||||
| Ashland, Inc. | 84,510 | 8,025,915 | ||||||
| Chase Corp. (a) | 61,613 | 5,148,998 | ||||||
| Taseko Mines Ltd. (a)(b) | 6,658,096 | 7,590,229 | ||||||
| TriMas Corp. (a) | 40,997 | 1,027,795 | ||||||
| United States Lime & Minerals, Inc. (a) | 11,489 | 1,174,176 | ||||||
| 22,967,113 | ||||||||
| Real Estate - 5.0% | ||||||||
| CubeSmart | 154,801 | 6,201,328 | ||||||
| Douglas Emmett, Inc. | 77,513 | 1,389,808 | ||||||
| Jones Lang LaSalle, Inc. (b) | 10,052 | 1,518,556 | ||||||
Diamond Hill Small Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 97.2% (Continued) | Shares | Fair Value | ||||||
| Real Estate - 5.0% (Continued) | ||||||||
| Rayonier, Inc. | 119,512 | $ | 3,581,775 | |||||
| Ryman Hospitality Properties, Inc. | 44,651 | 3,285,867 | ||||||
| 15,977,334 | ||||||||
| Utilities - 2.5% | ||||||||
| South Jersey Industries, Inc. | 130,585 | 4,364,151 | ||||||
| UGI Corp. | 110,327 | 3,566,872 | ||||||
| 7,931,023 | ||||||||
| Total Common Stocks (Cost $212,123,080) | $ | 312,130,698 | ||||||
| Registered Investment Companies - 8.4% | Shares | Fair Value | ||||||
| State
Street Navigator Securities Lending Portfolio I, 3.13% (d)(e) (Cost $27,184,611) | 27,184,611 | $ | 27,184,611 | |||||
| Total Investment Securities - 105.6% (Cost $239,307,691) | $ | 339,315,309 | ||||||
| Liabilities in Excess of Other Assets - (5.6)% | (18,110,406 | ) | ||||||
| Net Assets - 100.0% | $ | 321,204,903 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $30,679,803. |
| (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, 2022 was $5,762,623, representing 1.8% of net assets |
| (d) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (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 $4,907,855. |
| ADR - | American Depositary Receipt |
| plc - | Public Limited Company |
Diamond Hill Small-Mid Cap Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 98.0% | Shares | Fair Value | ||||||
| Communication Services - 1.3% | ||||||||
| Liberty Media Corp. - Liberty Formula One - Series C (a)(b) | 414,121 | $ | 24,226,079 | |||||
| Consumer Discretionary - 12.9% | ||||||||
| Advance Auto Parts, Inc. (a) | 109,419 | 17,106,566 | ||||||
| BorgWarner, Inc. | 503,082 | 15,796,775 | ||||||
| Hanesbrands, Inc. (a) | 2,774,994 | 19,313,958 | ||||||
| NVR, Inc. (a)(b) | 12,159 | 48,478,906 | ||||||
| PROG Holdings, Inc. (a)(b) | 801,853 | 12,011,758 | ||||||
| Red Rock Resorts, Inc., Class A (a) | 2,105,211 | 72,124,529 | ||||||
| Vail Resorts, Inc. (a) | 123,569 | 26,646,419 | ||||||
| Wolverine World Wide, Inc. (a) | 1,423,088 | 21,901,324 | ||||||
| 233,380,235 | ||||||||
| Consumer Staples - 9.7% | ||||||||
| BellRing Brands, Inc. (a)(b) | 1,014,747 | 20,913,936 | ||||||
| Cal-Maine Foods, Inc. (a) | 1,028,789 | 57,190,381 | ||||||
| Lancaster Colony Corp. (a) | 232,204 | 34,895,617 | ||||||
| Post Holdings, Inc. (a)(b) | 777,414 | 63,677,981 | ||||||
| 176,677,915 | ||||||||
| Energy - 3.6% | ||||||||
| Civitas Resources, Inc. (a) | 278,969 | 16,010,031 | ||||||
| Coterra Energy, Inc. (a) | 1,877,537 | 49,041,266 | ||||||
| 65,051,297 | ||||||||
| Financials - 26.1% | ||||||||
| Alleghany Corp. (a)(b) | 34,349 | 28,831,520 | ||||||
| Bank OZK (a) | 1,079,922 | 42,721,714 | ||||||
| BankUnited, Inc. (a) | 809,006 | 27,643,735 | ||||||
| BOK Financial Corp. (a) | 518,688 | 46,090,616 | ||||||
| Brighthouse Financial, Inc. (a)(b) | 465,437 | 20,209,275 | ||||||
| Brown & Brown, Inc. (a) | 164,856 | 9,970,491 | ||||||
| Enstar Group Ltd. (a)(b) | 82,581 | 14,004,912 | ||||||
| First Interstate BancSystem, Inc., Class A (a) | 821,166 | 33,134,048 | ||||||
| First Republic Bank | 185,930 | 24,273,161 | ||||||
| Live Oak Bancshares, Inc. (a) | 1,167,197 | 35,716,228 | ||||||
| Loews Corp. (a) | 441,147 | 21,986,766 | ||||||
| Mr. Cooper Group, Inc. (a)(b) | 1,011,211 | 40,954,046 | ||||||
Diamond Hill Small-Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 98.0% (Continued) | Shares | Fair Value | ||||||
| Financials - 26.1% (Continued) | ||||||||
| ProAssurance Corp. (a) | 782,689 | $ | 15,270,262 | |||||
| RenaissanceRe Holdings Ltd. (a) | 150,168 | 21,082,086 | ||||||
| SVB Financial Group (a)(b) | 76,098 | 25,552,186 | ||||||
| Webster Financial Corp. (a) | 1,467,348 | 66,324,130 | ||||||
| 473,765,176 | ||||||||
| Health Care - 3.0% | ||||||||
| Boston Scientific Corp. (b) | 244,398 | 9,465,535 | ||||||
| Enovis Corp. (b) | 773,253 | 35,623,766 | ||||||
| Integer Holdings Corp. (a)(b) | 160,226 | 9,970,864 | ||||||
| 55,060,165 | ||||||||
| Industrials - 19.5% | ||||||||
| Alaska Air Group, Inc. (b) | 380,354 | 14,890,859 | ||||||
| Allegiant Travel Co. (a)(b) | 432,181 | 31,540,569 | ||||||
| Energy Recovery, Inc. (a)(b) | 1,000,583 | 21,752,674 | ||||||
| ESAB Corp. (a) | 954,297 | 31,835,348 | ||||||
| First Advantage Corp. (b) | 1,423,911 | 18,268,778 | ||||||
| Gates Industrial Corp. plc (a)(b) | 3,426,808 | 33,445,646 | ||||||
| Kirby Corp. (a)(b) | 633,081 | 38,472,332 | ||||||
| Regal Rexnord Corp. (a) | 79,448 | 11,151,321 | ||||||
| Sensata Technologies Holding plc (a) | 1,013,525 | 37,784,212 | ||||||
| Stericycle, Inc. (a)(b) | 316,935 | 13,346,133 | ||||||
| WESCO International, Inc. (b) | 856,038 | 102,193,816 | ||||||
| 354,681,688 | ||||||||
| Information Technology - 6.7% | ||||||||
| Broadridge Financial Solutions, Inc. (a) | 65,435 | 9,443,579 | ||||||
| Ciena Corp. (a)(b) | 487,037 | 19,690,906 | ||||||
| Sanmina Corp. (a)(b) | 503,627 | 23,207,132 | ||||||
| SS&C Technologies Holdings, Inc. | 734,694 | 35,081,639 | ||||||
| WNS Holdings Ltd. - ADR (a)(b) | 422,121 | 34,546,383 | ||||||
| 121,969,639 | ||||||||
| Materials - 2.6% | ||||||||
| Ashland, Inc. (a) | 491,869 | 46,712,799 | ||||||
| Real Estate - 8.2% | ||||||||
| CubeSmart (a) | 1,441,270 | 57,737,276 | ||||||
Diamond Hill Small-Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 98.0% (Continued) | Shares | Fair Value | ||||||
| Real Estate - 8.2% (Continued) | ||||||||
| Douglas Emmett, Inc. (a) | 734,193 | $ | 13,164,080 | |||||
| Jones Lang LaSalle, Inc. (a)(b) | 90,498 | 13,671,533 | ||||||
| Rayonier, Inc. (a) | 1,065,933 | 31,946,012 | ||||||
| Ryman Hospitality Properties, Inc. (a) | 314,763 | 23,163,409 | ||||||
| UDR, Inc. (a) | 212,729 | 8,872,927 | ||||||
| 148,555,237 | ||||||||
| Utilities - 4.4% | ||||||||
| South Jersey Industries, Inc. (a) | 1,193,378 | 39,882,693 | ||||||
| UGI Corp. (a) | 1,222,829 | 39,534,062 | ||||||
| 79,416,755 | ||||||||
| Total Common Stocks (Cost $1,522,596,879) | $ | 1,779,496,985 | ||||||
| Registered Investment Companies - 14.3% | Shares | Fair Value | ||||||
| Diamond Hill Short Duration Securitized Bond Fund - Class Y (c) | 922,888 | $ | 8,758,210 | |||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (d) | 25,838,915 | 25,838,915 | ||||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (d)(e) | 224,503,769 | 224,503,769 | ||||||
| Total Registered Investment Companies (Cost $259,582,263) | $ | 259,100,894 | ||||||
| Total Investment Securities - 112.3% (Cost $1,782,179,142) | $ | 2,038,597,879 | ||||||
| Liabilities in Excess of Other Assets - (12.3)% | (223,822,209 | ) | ||||||
| Net Assets - 100.0% | $ | 1,814,775,670 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $223,782,292. |
| (b) | Non-income producing security. |
| (c) | Affiliated fund. |
| Diamond Hill Short Duration Securitized Bond Fund | ||||
| Value, December 31, 2021 | $ | 27,403,556 | ||
| Purchases | 336,860 | |||
| Sales | (18,000,000) | |||
| Realized Losses | (349,205) | |||
| Change in Unrealized Appreciation (Depreciation) | (633,001) | |||
| Value, September 30, 2022 | $ | 8,758,210 | ||
| Income Distributions | $ | 336,860 | ||
| (d) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (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 $6,822,785. |
| ADR - | American Depositary Receipt |
| plc - | Public Limited Company |
Diamond Hill Mid Cap Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 98.9% | Shares | Fair Value | ||||||
| Communication Services - 1.5% | ||||||||
| Liberty Media Corp. - Liberty Formula One - Series C (a)(b) | 45,641 | $ | 2,669,998 | |||||
| Consumer Discretionary - 12.2% | ||||||||
| Advance Auto Parts, Inc. | 11,271 | 1,762,108 | ||||||
| BorgWarner, Inc. | 51,437 | 1,615,122 | ||||||
| Hanesbrands, Inc. (a) | 324,757 | 2,260,309 | ||||||
| NVR, Inc. (b) | 1,371 | 5,466,287 | ||||||
| Red Rock Resorts, Inc., Class A | 214,030 | 7,332,668 | ||||||
| Vail Resorts, Inc. | 12,678 | 2,733,884 | ||||||
| VF Corp. (a) | 35,887 | 1,073,380 | ||||||
| 22,243,758 | ||||||||
| Consumer Staples - 7.8% | ||||||||
| Archer-Daniels-Midland Co. (a) | 28,983 | 2,331,682 | ||||||
| BellRing Brands, Inc. (b) | 99,350 | 2,047,603 | ||||||
| Lancaster Colony Corp. | 23,846 | 3,583,577 | ||||||
| Post Holdings, Inc. (b) | 77,716 | 6,365,718 | ||||||
| 14,328,580 | ||||||||
| Energy - 2.5% | ||||||||
| Coterra Energy, Inc. | 172,566 | 4,507,424 | ||||||
| Financials - 27.6% | ||||||||
| Alleghany Corp. (b) | 3,458 | 2,902,541 | ||||||
| American International Group, Inc. | 107,435 | 5,101,014 | ||||||
| Bank OZK | 92,924 | 3,676,073 | ||||||
| BankUnited, Inc. | 46,393 | 1,585,249 | ||||||
| BOK Financial Corp. | 23,918 | 2,125,353 | ||||||
| Brighthouse Financial, Inc. (b) | 47,671 | 2,069,875 | ||||||
| Discover Financial Services (a) | 14,237 | 1,294,428 | ||||||
| Enstar Group Ltd. (b) | 7,120 | 1,207,481 | ||||||
| First Republic Bank | 41,389 | 5,403,334 | ||||||
| Hartford Financial Services Group, Inc. (The) | 47,019 | 2,912,357 | ||||||
| Loews Corp. | 44,340 | 2,209,906 | ||||||
| Mr. Cooper Group, Inc. (b) | 81,184 | 3,287,952 | ||||||
| RenaissanceRe Holdings Ltd. | 8,660 | 1,215,777 | ||||||
| SVB Financial Group (b) | 19,243 | 6,461,415 | ||||||
Diamond Hill Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 98.9% (Continued) | Shares | Fair Value | ||||||
| Financials - 27.6% (Continued) | ||||||||
| Webster Financial Corp. | 120,786 | $ | 5,459,527 | |||||
| Willis Towers Watson plc | 17,691 | 3,554,830 | ||||||
| 50,467,112 | ||||||||
| Health Care - 3.9% | ||||||||
| Boston Scientific Corp. (b) | 91,622 | 3,548,520 | ||||||
| Enovis Corp. (b) | 79,229 | 3,650,080 | ||||||
| 7,198,600 | ||||||||
| Industrials - 16.3% | ||||||||
| Alaska Air Group, Inc. (b) | 65,015 | 2,545,337 | ||||||
| Allegiant Travel Co. (b) | 17,589 | 1,283,645 | ||||||
| ESAB Corp. | 93,490 | 3,118,826 | ||||||
| Kirby Corp. (b) | 62,670 | 3,808,456 | ||||||
| Parker-Hannifin Corp. (a) | 20,049 | 4,858,073 | ||||||
| Regal Rexnord Corp. | 8,289 | 1,163,444 | ||||||
| Sensata Technologies Holding plc | 92,827 | 3,460,591 | ||||||
| Stericycle, Inc. (b) | 32,342 | 1,361,922 | ||||||
| WESCO International, Inc. (b) | 67,758 | 8,088,950 | ||||||
| 29,689,244 | ||||||||
| Information Technology - 8.2% | ||||||||
| Check Point Software Technologies Ltd. (a)(b) | 47,827 | 5,357,580 | ||||||
| Ciena Corp. (b) | 48,460 | 1,959,238 | ||||||
| Cognizant Technology Solutions Corp., Class A | 44,358 | 2,547,923 | ||||||
| NXP Semiconductors NV (a) | 10,892 | 1,606,679 | ||||||
| SS&C Technologies Holdings, Inc. | 74,261 | 3,545,963 | ||||||
| 15,017,383 | ||||||||
| Materials - 5.4% | ||||||||
| Ashland, Inc. | 55,558 | 5,276,343 | ||||||
| Freeport-McMoRan, Inc. | 169,906 | 4,643,531 | ||||||
| 9,919,874 | ||||||||
| Real Estate - 9.1% | ||||||||
| CubeSmart | 157,037 | 6,290,902 | ||||||
| Douglas Emmett, Inc. | 49,814 | 893,165 | ||||||
| Jones Lang LaSalle, Inc. (b) | 9,052 | 1,367,486 | ||||||
| Rayonier, Inc. | 76,949 | 2,306,161 | ||||||
| Ryman Hospitality Properties, Inc. | 35,754 | 2,631,137 | ||||||
Diamond Hill Mid Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 98.9% (Continued) | Shares | Fair Value | ||||||
| Real Estate - 9.1% (Continued) | ||||||||
| UDR, Inc. | 23,242 | $ | 969,424 | |||||
| Weyerhaeuser Co. | 77,621 | 2,216,856 | ||||||
| 16,675,131 | ||||||||
| Utilities - 4.4% | ||||||||
| South Jersey Industries, Inc. | 114,379 | 3,822,546 | ||||||
| UGI Corp. | 128,180 | 4,144,059 | ||||||
| 7,966,605 | ||||||||
| Total Common Stocks (Cost $139,468,710) | $ | 180,683,709 | ||||||
| Registered Investment Companies - 10.4% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (c) | 1,505,810 | $ | 1,505,810 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (c)(d) | 17,494,625 | 17,494,625 | ||||||
| Total Registered Investment Companies (Cost $19,000,435) | $ | 19,000,435 | ||||||
| Total Investment Securities - 109.3% (Cost $158,469,145) | $ | 199,684,144 | ||||||
| Liabilities in Excess of Other Assets - (9.3)% | (17,052,442 | ) | ||||||
| Net Assets - 100.0% | $ | 182,631,702 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $17,275,617. |
| (b) | Non-income producing security. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (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 $387,278. |
| NV - | Naamloze Vennootschap |
| plc - | Public Limited Company |
Diamond Hill Large Cap Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 97.1% | Shares | Fair Value | ||||||
| Communication Services - 6.9% | ||||||||
| Alphabet, Inc., Class A (a) | 2,500,406 | $ | 239,163,834 | |||||
| Comcast Corp., Class A | 2,516,657 | 73,813,550 | ||||||
| Take-Two Interactive Software, Inc. (a) | 767,021 | 83,605,289 | ||||||
| Verizon Communications, Inc. | 2,371,463 | 90,044,450 | ||||||
| Walt Disney Co. (The) (a) | 1,343,359 | 126,719,054 | ||||||
| 613,346,177 | ||||||||
| Consumer Discretionary - 12.9% | ||||||||
| Amazon.com, Inc. (a) | 1,765,051 | 199,450,763 | ||||||
| Booking Holdings, Inc. (a) | 73,723 | 121,142,371 | ||||||
| BorgWarner, Inc. | 3,127,753 | 98,211,444 | ||||||
| General Motors Co. (b) | 6,291,992 | 201,910,023 | ||||||
| Home Depot, Inc. (The) | 638,222 | 176,110,979 | ||||||
| NVR, Inc. (a) | 56,941 | 227,028,322 | ||||||
| VF Corp. (b) | 3,740,904 | 111,890,439 | ||||||
| 1,135,744,341 | ||||||||
| Consumer Staples - 3.2% | ||||||||
| PepsiCo, Inc. | 1,714,196 | 279,859,639 | ||||||
| Energy - 4.2% | ||||||||
| ConocoPhillips | 3,629,709 | 371,464,419 | ||||||
| Financials - 22.7% | ||||||||
| American International Group, Inc. | 8,225,256 | 390,535,155 | ||||||
| Bank of America Corp. | 8,701,385 | 262,781,827 | ||||||
| Berkshire Hathaway, Inc., Class B (a) | 696,497 | 185,978,629 | ||||||
| Hartford Financial Services Group, Inc. (The) | 1,626,192 | 100,726,332 | ||||||
| KKR & Co., Inc. | 5,389,160 | 231,733,880 | ||||||
| Marsh & McLennan Cos., Inc. | 1,169,885 | 174,652,132 | ||||||
| Nasdaq, Inc. | 2,705,330 | 153,338,104 | ||||||
| SVB Financial Group (a) | 380,578 | 127,790,481 | ||||||
| Truist Financial Corp. | 5,579,520 | 242,932,301 | ||||||
| Wells Fargo & Co. | 3,358,280 | 135,070,022 | ||||||
| 2,005,538,863 | ||||||||
| Health Care - 15.8% | ||||||||
| Abbott Laboratories | 3,096,419 | 299,609,502 | ||||||
Diamond Hill Large Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 97.1% (Continued) | Shares | Fair Value | ||||||
| Health Care - 15.8% (Continued) | ||||||||
| AbbVie, Inc. | 840,839 | $ | 112,849,002 | |||||
| Becton, Dickinson and Co. | 713,759 | 159,046,918 | ||||||
| HCA Healthcare, Inc. | 843,186 | 154,969,155 | ||||||
| Humana, Inc. | 409,909 | 198,883,748 | ||||||
| Medtronic plc | 1,902,305 | 153,611,129 | ||||||
| Pfizer, Inc. | 4,208,678 | 184,171,749 | ||||||
| Stryker Corp. | 672,739 | 136,256,557 | ||||||
| 1,399,397,760 | ||||||||
| Industrials - 12.9% | ||||||||
| Carrier Global Corp. | 2,736,789 | 97,320,217 | ||||||
| Caterpillar, Inc. | 1,079,420 | 177,111,234 | ||||||
| Deere & Co. | 398,076 | 132,913,596 | ||||||
| Honeywell International, Inc. | 665,208 | 111,069,780 | ||||||
| L3Harris Technologies, Inc. | 587,358 | 122,070,613 | ||||||
| Parker-Hannifin Corp. | 736,730 | 178,517,046 | ||||||
| Union Pacific Corp. | 918,338 | 178,910,609 | ||||||
| Waste Management, Inc. | 865,800 | 138,709,818 | ||||||
| 1,136,622,913 | ||||||||
| Information Technology - 9.0% | ||||||||
| Fidelity National Information Services, Inc. | 1,004,027 | 75,874,320 | ||||||
| Microsoft Corp. | 839,952 | 195,624,821 | ||||||
| SS&C Technologies Holdings, Inc. | 3,053,706 | 145,814,461 | ||||||
| Texas Instruments, Inc. | 1,573,645 | 243,568,773 | ||||||
| Visa, Inc., Class A (b) | 739,747 | 131,416,054 | ||||||
| 792,298,429 | ||||||||
| Materials - 5.7% | ||||||||
| Freeport-McMoRan, Inc. | 6,491,384 | 177,409,525 | ||||||
| Linde plc | 495,412 | 133,558,121 | ||||||
| Martin Marietta Materials, Inc. | 322,975 | 104,027,018 | ||||||
| Sherwin-Williams Co. (The) | 455,206 | 93,203,428 | ||||||
| 508,198,092 | ||||||||
| Real Estate - 2.4% | ||||||||
| SBA Communications Corp., Class A | 323,385 | 92,051,540 | ||||||
| Weyerhaeuser Co. | 4,105,896 | 117,264,390 | ||||||
| 209,315,930 | ||||||||
Diamond Hill Large Cap Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 97.1% (Continued) | Shares | Fair Value | ||||||
| Utilities - 1.4% | ||||||||
| Dominion Energy, Inc. | 1,758,243 | $ | 121,512,174 | |||||
| Total Common Stocks (Cost $8,017,169,679) | $ | 8,573,298,737 | ||||||
| Registered Investment Companies - 1.7% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (c) | 103,504,540 | $ | 103,504,540 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (c)(d) | 49,899,947 | 49,899,947 | ||||||
| Total Registered Investment Companies (Cost $153,404,487) | $ | 153,404,487 | ||||||
| Total Investment Securities - 98.8% (Cost $8,170,574,166) | $ | 8,726,703,224 | ||||||
| Other Assets in Excess of Liabilities - 1.2% | 102,027,087 | |||||||
| Net Assets - 100.0% | $ | 8,828,730,311 | ||||||
| (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, 2022 was $131,130,618. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (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 $85,749,143. |
| plc - | Public Limited Company |
Diamond Hill Large Cap Concentrated Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 97.1% | Shares | Fair Value | ||||||
| Communication Services - 5.0% | ||||||||
| Alphabet, Inc., Class A (a) | 10,477 | $ | 1,002,125 | |||||
| Consumer Discretionary - 17.4% | ||||||||
| Amazon.com, Inc. (a) | 7,523 | 850,099 | ||||||
| General Motors Co. | 26,363 | 845,989 | ||||||
| Home Depot, Inc. (The) | 3,002 | 828,372 | ||||||
| NVR, Inc. (a) | 245 | 976,835 | ||||||
| 3,501,295 | ||||||||
| Consumer Staples - 5.7% | ||||||||
| PepsiCo, Inc. | 7,023 | 1,146,575 | ||||||
| Energy - 7.7% | ||||||||
| ConocoPhillips | 15,068 | 1,542,059 | ||||||
| Financials - 22.3% | ||||||||
| American International Group, Inc. | 35,349 | 1,678,370 | ||||||
| Bank of America Corp. | 30,112 | 909,382 | ||||||
| KKR & Co., Inc. | 20,205 | 868,815 | ||||||
| Truist Financial Corp. (b) | 23,490 | 1,022,755 | ||||||
| 4,479,322 | ||||||||
| Health Care - 14.7% | ||||||||
| Abbott Laboratories | 12,781 | 1,236,689 | ||||||
| Humana, Inc. (b) | 1,793 | 869,946 | ||||||
| Pfizer, Inc. | 19,340 | 846,318 | ||||||
| 2,952,953 | ||||||||
| Industrials - 11.1% | ||||||||
| Caterpillar, Inc. (b) | 4,685 | 768,715 | ||||||
| Parker-Hannifin Corp. (b) | 3,001 | 727,172 | ||||||
| Union Pacific Corp. | 3,796 | 739,537 | ||||||
| 2,235,424 | ||||||||
| Information Technology - 9.3% | ||||||||
| Microsoft Corp. | 3,701 | 861,963 | ||||||
| Texas Instruments, Inc. | 6,426 | 994,616 | ||||||
| 1,856,579 | ||||||||
Diamond Hill Large Cap Concentrated Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 97.1% (Continued) | Shares | Fair Value | ||||||
| Materials - 3.9% | ||||||||
| Freeport-McMoRan, Inc. | 28,530 | $ | 779,725 | |||||
| Total Common Stocks (Cost $21,563,182) | $ | 19,496,057 | ||||||
| Registered Investment Companies - 16.1% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (c) | 572,991 | $ | 572,991 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (c)(d) | 2,666,087 | 2,666,087 | ||||||
| Total Registered Investment Companies (Cost $3,239,078) | $ | 3,239,078 | ||||||
| Total Investment Securities - 113.2% (Cost $24,802,260) | $ | 22,735,135 | ||||||
| Liabilities in Excess of Other Assets - (13.2)% | (2,644,925 | ) | ||||||
| Net Assets - 100.0% | $ | 20,090,210 |
| |||||
| (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, 2022 was $2,581,304. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (d) | This security was purchased using cash collateral held from securities on loan. |
Diamond Hill All Cap Select Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 98.3% | Shares | Fair Value | ||||||
| Communication Services - 7.8% | ||||||||
| Alphabet, Inc., Class A (a) | 211,114 | $ | 20,193,054 | |||||
| Take-Two Interactive Software, Inc. (a)(b) | 67,191 | 7,323,819 | ||||||
| 27,516,873 | ||||||||
| Consumer Discretionary - 15.1% | ||||||||
| Amazon.com, Inc. (a) | 194,295 | 21,955,335 | ||||||
| General Motors Co. (b) | 275,835 | 8,851,545 | ||||||
| Red Rock Resorts, Inc., Class A | 659,042 | 22,578,779 | ||||||
| 53,385,659 | ||||||||
| Consumer Staples – 6.9% | ||||||||
| BellRing Brands, Inc. (a) | 201,745 | 4,157,964 | ||||||
| Lancaster Colony Corp. | 62,682 | 9,419,851 | ||||||
| SunOpta, Inc. (a)(b) | 1,206,852 | 10,982,353 | ||||||
| 24,560,168 | ||||||||
| Financials - 27.5% | ||||||||
| American International Group, Inc. (b) | 413,814 | 19,647,889 | ||||||
| Berkshire Hathaway, Inc., Class B (a) | 20,237 | 5,403,684 | ||||||
| Cadence Bank | 208,368 | 5,294,631 | ||||||
| KKR & Co., Inc. (b) | 344,210 | 14,801,030 | ||||||
| Live Oak Bancshares, Inc. | 252,487 | 7,726,102 | ||||||
| Mr. Cooper Group, Inc. (a) | 713,630 | 28,902,015 | ||||||
| SVB Financial Group (a) | 25,725 | 8,637,940 | ||||||
| Webster Financial Corp. | 149,903 | 6,775,616 | ||||||
| 97,188,907 | ||||||||
| Health Care - 3.8% | ||||||||
| Enovis Corp. (a) | 191,893 | 8,840,511 | ||||||
| Humana, Inc. (b) | 9,231 | 4,478,789 | ||||||
| 13,319,300 | ||||||||
| Industrials - 21.2% | ||||||||
| Cimpress plc (a)(b) | 541,221 | 13,249,090 | ||||||
| Energy Recovery, Inc. (a) | 415,903 | 9,041,731 | ||||||
| ESAB Corp. | 317,141 | 10,579,824 | ||||||
| Kirby Corp. (a) | 120,077 | 7,297,079 | ||||||
| Wabtec Corp. (b) | 86,540 | 7,040,029 | ||||||
| WESCO International, Inc. (a) | 231,706 | 27,661,062 | ||||||
| 74,868,815 | ||||||||
Diamond Hill All Cap Select Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 98.3% (Continued) | Shares | Fair Value | ||||||
| Information Technology - 9.6% | ||||||||
| Microsoft Corp. | 38,402 | $ | 8,943,826 | |||||
| Rimini Street, Inc. (a) | 1,369,040 | 6,379,726 | ||||||
| SS&C Technologies Holdings, Inc. | 151,759 | 7,246,492 | ||||||
| Texas Instruments, Inc. | 73,275 | 11,341,505 | ||||||
| 33,911,549 | ||||||||
| Materials - 6.4% | ||||||||
| Ashland, Inc. | 107,131 | 10,174,231 | ||||||
| Freeport-McMoRan, Inc. | 453,569 | 12,396,041 | ||||||
| 22,570,272 | ||||||||
| Total Common Stocks (Cost $329,258,335) | $ | 347,321,543 | ||||||
| Registered Investment Companies - 7.8% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (c) | 7,559,560 | $ | 7,559,560 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (c)(d) | 20,155,357 | 20,155,357 | ||||||
| Total Registered Investment Companies (Cost $27,714,917) | $ | 27,714,917 | ||||||
| Total Investment Securities - 106.1% (Cost $356,973,252) | $ | 375,036,460 | ||||||
| Liabilities in Excess of Other Assets - (6.1)% | (21,705,583 | ) | ||||||
| Net Assets - 100.0% | $ | 353,330,877 | ||||||
| (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, 2022 was $21,233,558. |
| (c) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (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 $1,952,028. |
| plc - | Public Limited Company |
Diamond Hill Long-Short Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 85.4% | Shares | Fair Value | ||||||
| Communication Services - 10.0% | ||||||||
| Alphabet, Inc., Class A (a)(b) | 644,800 | $ | 61,675,120 | |||||
| Comcast Corp., Class A (a) | 747,074 | 21,911,680 | ||||||
| Meta Platforms, Inc., Class A (b) | 258,859 | 35,121,989 | ||||||
| Verizon Communications, Inc. (a) | 550,230 | 20,892,233 | ||||||
| Walt Disney Co. (The) (a)(b) | 392,194 | 36,995,660 | ||||||
| 176,596,682 | ||||||||
| Consumer Discretionary - 5.4% | ||||||||
| Booking Holdings, Inc. (b) | 14,855 | 24,409,884 | ||||||
| BorgWarner, Inc. (a) | 543,693 | 17,071,960 | ||||||
| Hanesbrands, Inc. (a) | 1,128,610 | 7,855,126 | ||||||
| TJX Cos., Inc. (The) (a)(c) | 403,546 | 25,068,277 | ||||||
| Wolverine World Wide, Inc. (a) | 1,359,405 | 20,921,243 | ||||||
| 95,326,490 | ||||||||
| Consumer Staples - 3.4% | ||||||||
| Archer-Daniels-Midland Co. (a)(c) | 243,566 | 19,594,885 | ||||||
| Constellation Brands, Inc., Class A (c) | 105,094 | 24,137,990 | ||||||
| Mondelez International, Inc., Class A (a)(c) | 304,030 | 16,669,965 | ||||||
| 60,402,840 | ||||||||
| Energy - 3.4% | ||||||||
| Chevron Corp. (a) | 213,324 | 30,648,259 | ||||||
| Coterra Energy, Inc. (a) | 1,151,703 | 30,082,482 | ||||||
| 60,730,741 | ||||||||
| Financials - 21.2% | ||||||||
| American International Group, Inc. | 1,204,665 | 57,197,494 | ||||||
| Bank of America Corp. (c) | 756,655 | 22,850,981 | ||||||
| Bank OZK (a)(c) | 380,525 | 15,053,569 | ||||||
| Berkshire Hathaway, Inc., Class B (a)(b) | 137,559 | 36,731,004 | ||||||
| Citigroup, Inc. (a)(c) | 922,731 | 38,450,201 | ||||||
| First Republic Bank (a)(c) | 189,425 | 24,729,434 | ||||||
| Hartford Financial Services Group, Inc. (The) (a) | 377,376 | 23,374,669 | ||||||
| KKR & Co., Inc. (a) | 1,092,158 | 46,962,794 | ||||||
| Morgan Stanley | 202,252 | 15,979,930 | ||||||
| SVB Financial Group (a)(b)(c) | 85,370 | 28,665,539 | ||||||
| Truist Financial Corp. (a)(c) | 875,205 | 38,106,426 | ||||||
Diamond Hill Long-Short Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 85.4% (Continued) | Shares | Fair Value | ||||||
| Financials - 21.2% (Continued) | ||||||||
| Wells Fargo & Co. (c) | 712,003 | $ | 28,636,761 | |||||
| 376,738,802 | ||||||||
| Health Care - 15.1% | ||||||||
| Abbott Laboratories (a) | 269,012 | 26,029,601 | ||||||
| AbbVie, Inc. | 58,156 | 7,805,117 | ||||||
| Becton, Dickinson and Co. (a) | 106,802 | 23,798,690 | ||||||
| CVS Health Corp. (a) | 312,539 | 29,806,844 | ||||||
| Enovis Corp. (b) | 530,705 | 24,449,579 | ||||||
| HCA Healthcare, Inc. | 157,071 | 28,868,079 | ||||||
| Humana, Inc. | 96,690 | 46,913,021 | ||||||
| Medtronic plc | 395,599 | 31,944,619 | ||||||
| Perrigo Co. plc | 769,744 | 27,449,071 | ||||||
| Pfizer, Inc. (a) | 479,375 | 20,977,450 | ||||||
| 268,042,071 | ||||||||
| Industrials - 9.1% | ||||||||
| Alaska Air Group, Inc. (b) | 339,363 | 13,286,061 | ||||||
| ESAB Corp. | 675,735 | 22,542,520 | ||||||
| Johnson Controls International plc | 469,215 | 23,094,762 | ||||||
| Kirby Corp. (a)(b) | 422,158 | 25,654,542 | ||||||
| L3Harris Technologies, Inc. (a) | 106,660 | 22,167,148 | ||||||
| Parker-Hannifin Corp. (a) | 119,766 | 29,020,499 | ||||||
| Sensata Technologies Holding plc | 697,563 | 26,005,149 | ||||||
| 161,770,681 | ||||||||
| Information Technology - 15.0% | ||||||||
| Ciena Corp. (a)(b)(c) | 617,090 | 24,948,949 | ||||||
| Cognizant Technology Solutions Corp., Class A (a) | 616,835 | 35,431,002 | ||||||
| Fidelity National Information Services, Inc. | 584,581 | 44,176,786 | ||||||
| Microsoft Corp. | 206,017 | 47,981,359 | ||||||
| SS&C Technologies Holdings, Inc. (a) | 747,784 | 35,706,686 | ||||||
| Texas Instruments, Inc. (a) | 159,916 | 24,751,798 | ||||||
| Visa, Inc., Class A | 146,592 | 26,042,069 | ||||||
| WNS Holdings Ltd. - ADR (a)(b) | 334,426 | 27,369,424 | ||||||
| 266,408,073 | ||||||||
| Materials - 2.0% | ||||||||
| Ashland, Inc. (a) | 154,689 | 14,690,814 | ||||||
Diamond Hill Long-Short Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 85.4% (Continued) | Shares | Fair Value | ||||||
| Materials - 2.0% (Continued) | ||||||||
| Freeport-McMoRan, Inc. (a) | 786,224 | $ | 21,487,502 | |||||
| 36,178,316 | ||||||||
| Utilities - 0.8% | ||||||||
| Dominion Energy, Inc. (a)(c) | 209,775 | 14,497,550 | ||||||
| Total Common Stocks (Cost $1,212,242,797) | $ | 1,516,692,246 | ||||||
| Treasury - 6.6% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Notes | 2.000 | % | 06/30/24 | $ | 40,000,000 | $ | 38,462,500 | |||||||||
| U.S. Treasury Notes | 3.000 | % | 06/30/24 | 40,000,000 | 39,128,125 | |||||||||||
| U.S. Treasury Notes | 3.000 | % | 07/31/24 | 40,000,000 | 39,109,375 | |||||||||||
| Total Treasury (Cost $117,241,745) | $ | 116,700,000 | ||||||||||||||
| Registered Investment Companies - 24.2% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (d) | 143,338,605 | $ | 143,338,605 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (d)(e) | 287,317,577 | 287,317,577 | ||||||
| Total Registered Investment Companies (Cost $430,656,182) | $ | 430,656,182 | ||||||
| Total Investment Securities - 116.2% (Cost $1,760,140,724) | $ | 2,064,048,428 | ||||||
| Segregated Cash With Custodian - 28.9% | 513,813,869 | |||||||
| Investments Sold Short - (27.8)% (Proceeds $566,313,999) | (493,710,386 | ) | ||||||
| Liabilities in Excess of Other Assets - (17.3)% | (307,595,738 | ) | ||||||
| Net Assets - 100.0% | $ | 1,776,556,173 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $277,102,739. |
| (b) | Non-income producing security. |
| (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, 2022. |
| (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, 2022 (Unaudited)
| Common Stocks - 27.8% | Shares | Fair Value | ||||||
| Communication Services - 0.2% | ||||||||
| Cogent Communications Holdings, Inc. | 75,895 | $ | 3,958,683 | |||||
| Consumer Discretionary - 4.9% | ||||||||
| Best Buy Co., Inc. | 136,166 | 8,624,754 | ||||||
| Dick's Sporting Goods, Inc. | 171,816 | 17,978,826 | ||||||
| Etsy, Inc. | 83,905 | 8,401,408 | ||||||
| GameStop Corp., Class A | 397,995 | 10,001,614 | ||||||
| Grand Canyon Education, Inc. | 246,547 | 20,278,491 | ||||||
| Macy's, Inc. | 162,520 | 2,546,688 | ||||||
| Sleep Number Corp. | 84,088 | 2,843,015 | ||||||
| Tesla, Inc. | 39,657 | 10,519,019 | ||||||
| Whirlpool Corp. | 44,855 | 6,046,903 | ||||||
| 87,240,718 | ||||||||
| Consumer Staples - 4.2% | ||||||||
| Brown-Forman Corp., Class B | 426,020 | 28,360,151 | ||||||
| Clorox Co. (The) | 65,430 | 8,400,558 | ||||||
| J.M. Smucker Co. (The) | 89,510 | 12,299,569 | ||||||
| WD-40 Co. | 148,637 | 26,121,466 | ||||||
| 75,181,744 | ||||||||
| Energy - 0.2% | ||||||||
| RPC, Inc. | 557,458 | 3,863,184 | ||||||
| Financials - 4.2% | ||||||||
| Bank of Hawaii Corp. | 115,590 | 8,798,711 | ||||||
| Blackstone Mortgage Trust, Inc., Class A | 169,760 | 3,962,198 | ||||||
| Commerce Bancshares, Inc. | 430,284 | 28,467,589 | ||||||
| First Financial Bankshares, Inc. | 391,768 | 16,387,655 | ||||||
| Palomar Holdings, Inc. | 145,653 | 12,194,069 | ||||||
| Westamerica BanCorp. | 95,760 | 5,007,290 | ||||||
| 74,817,512 | ||||||||
| Health Care - 2.1% | ||||||||
| AMN Healthcare Services, Inc. | 50,185 | 5,317,603 | ||||||
| CONMED Corp. | 70,420 | 5,645,571 | ||||||
| Penumbra, Inc. | 80,115 | 15,189,804 | ||||||
Diamond Hill Long-Short Fund
Schedule of Investments Sold Short (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 27.8% (continued) | Shares | Fair Value | ||||||
| Health Care - 2.1% (continued) | ||||||||
| Waters Corp. | 38,110 | $ | 10,271,788 | |||||
| 36,424,766 | ||||||||
| Industrials - 4.2% | ||||||||
| Avis Budget Group, Inc. | 49,455 | 7,342,089 | ||||||
| CBIZ, Inc. | 124,435 | 5,323,329 | ||||||
| Cintas Corp. | 29,959 | 11,629,784 | ||||||
| Robert Half International, Inc. | 197,708 | 15,124,662 | ||||||
| United Parcel Service, Inc., Class B | 145,420 | 23,491,147 | ||||||
| W.W. Grainger, Inc. | 22,035 | 10,779,302 | ||||||
| 73,690,313 | ||||||||
| Information Technology - 4.5% | ||||||||
| Asana, Inc., Class A | 319,350 | 7,099,151 | ||||||
| Badger Meter, Inc. | 228,796 | 21,138,463 | ||||||
| Blackbaud, Inc. | 21,117 | 930,415 | ||||||
| Cisco Systems, Inc. | 310,280 | 12,411,200 | ||||||
| Consensus Cloud Solutions, Inc. | 87,843 | 4,154,974 | ||||||
| F5, Inc. | 34,682 | 5,019,526 | ||||||
| NetScout Systems, Inc. | 523,870 | 16,407,608 | ||||||
| Oracle Corp. | 28,325 | 1,729,808 | ||||||
| Teradata Corp. | 367,290 | 11,408,027 | ||||||
| 80,299,172 | ||||||||
| Materials - 0.6% | ||||||||
| Silgan Holdings, Inc. | 247,485 | 10,404,269 | ||||||
| Real Estate - 0.2% | ||||||||
| Boston Properties, Inc. | 41,045 | 3,077,144 | ||||||
| Utilities - 2.5% | ||||||||
| Consolidated Edison, Inc. | 157,715 | 13,525,638 | ||||||
| Ormat Technologies, Inc. | 362,265 | 31,227,243 | ||||||
| 44,752,881 | ||||||||
| Total Investments Sold Short - 27.8% (Proceeds $566,313,999) | $ | 493,710,386 | ||||||
Percentages disclosed are based on total net assets of the Fund at September 30, 2022.
Diamond Hill International Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Common Stocks - 96.1% | Shares | Fair Value | ||||||
| Brazil - 2.6% | ||||||||
| Ambev SA | 114,530 | $ | 330,250 | |||||
| Hypera SA | 99,676 | 822,331 | ||||||
| 1,152,581 | ||||||||
| Canada - 3.7% | ||||||||
| Fairfax Financial Holdings Ltd. (a) | 3,610 | 1,648,986 | ||||||
| China - 5.0% | ||||||||
| Alibaba Group Holding Ltd. (b) | 80,200 | 800,341 | ||||||
| Fu Shou Yuan International Group Ltd. | 860,000 | 473,105 | ||||||
| Tencent Holdings Ltd. | 28,300 | 955,867 | ||||||
| 2,229,313 | ||||||||
| France - 4.0% | ||||||||
| LVMH Moet Hennessy Louis Vuitton SE | 354 | 208,680 | ||||||
| Safran SA | 9,558 | 869,557 | ||||||
| Ubisoft Entertainment SA (b) | 25,840 | 710,048 | ||||||
| 1,788,285 | ||||||||
| Germany - 3.6% | ||||||||
| Fuchs Petrolub SE | 40,053 | 882,490 | ||||||
| SAP SE | 9,076 | 739,546 | ||||||
| 1,622,036 | ||||||||
| India - 2.7% | ||||||||
| HDFC Bank Ltd. - ADR (a) | 20,988 | 1,226,119 | ||||||
| Israel - 3.7% | ||||||||
| Check Point Software Technologies Ltd. (b) | 14,876 | 1,666,410 | ||||||
| Italy - 1.5% | ||||||||
| doValue SpA | 124,556 | 656,176 | ||||||
| Japan - 7.5% | ||||||||
| Astellas Pharma, Inc. | 87,400 | 1,157,814 | ||||||
| Hakuhodo DY Holdings, Inc. | 59,800 | 421,034 | ||||||
| Nintendo Co. Ltd. - ADR | 27,376 | 1,395,355 | ||||||
| Shionogi & Co. Ltd. | 8,100 | 391,183 | ||||||
| 3,365,386 | ||||||||
Diamond Hill International Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 96.1% (Continued) | Shares | Fair Value | ||||||
| Mexico - 2.6% | ||||||||
| Fomento Economico Mexicano SAB de CV | 185,612 | $ | 1,164,263 | |||||
| Netherlands - 3.8% | ||||||||
| Exor NV | 18,576 | 1,191,922 | ||||||
| Universal Music Group NV (a) | 27,153 | 508,505 | ||||||
| 1,700,427 | ||||||||
| Nigeria - 0.8% | ||||||||
| IHS Holding Ltd. (b) | 65,754 | 366,907 | ||||||
| Peru - 1.3% | ||||||||
| Credicorp Ltd. | 4,676 | 574,213 | ||||||
| Poland - 2.0% | ||||||||
| Dino Polska SA (b) | 14,841 | 898,897 | ||||||
| South Korea - 3.1% | ||||||||
| Samsung Electronics Co. Ltd. | 38,077 | 1,387,308 | ||||||
| Spain - 1.1% | ||||||||
| Banco Bilbao Vizcaya Argentaria SA | 105,579 | 473,544 | ||||||
| Sweden - 2.3% | ||||||||
| Assa Abloy AB, Class B | 55,196 | 1,034,018 | ||||||
| Switzerland - 12.1% | ||||||||
| Compagnie Financiere Richemont SA, Class A | 6,735 | 635,760 | ||||||
| Nestlé SA | 7,745 | 837,687 | ||||||
| Novartis AG - ADR (a) | 21,476 | 1,632,391 | ||||||
| Roche Holdings AG | 3,565 | 1,160,536 | ||||||
| Swatch Group AG (The) | 5,047 | 1,133,560 | ||||||
| 5,399,934 | ||||||||
| Taiwan Province of China - 0.5% | ||||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 3,422 | 234,612 | ||||||
Diamond Hill International Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Common Stocks - 96.1% (Continued) | Shares | Fair Value | ||||||
| United Kingdom - 23.4% | ||||||||
| Ashmore Group plc (a) | 511,602 | $ | 1,117,298 | |||||
| Beazley plc | 122,238 | 762,092 | ||||||
| BT Group plc | 734,762 | 987,881 | ||||||
| Bunzl plc | 27,061 | 826,911 | ||||||
| Compass Group plc | 50,031 | 996,379 | ||||||
| Diageo plc | 28,311 | 1,191,878 | ||||||
| GSK plc | 48,617 | 702,260 | ||||||
| Haleon plc (b) | 60,772 | 189,512 | ||||||
| Howden Joinery Group plc | 115,088 | 643,034 | ||||||
| Smith & Nephew plc | 49,623 | 572,868 | ||||||
| Tesco plc | 379,475 | 871,045 | ||||||
| Unilever plc | 36,727 | 1,616,360 | ||||||
| 10,477,518 | ||||||||
| United States - 8.8% | ||||||||
| Aurinia Pharmaceuticals, Inc. (b) | 28,574 | 214,876 | ||||||
| Energy Recovery, Inc. (a)(b) | 34,320 | 746,117 | ||||||
| Freeport-McMoRan, Inc. | 33,355 | 911,592 | ||||||
| Spotify Technology SA (a)(b) | 12,599 | 1,087,294 | ||||||
| Walt Disney Co. (The) (b) | 10,171 | 959,430 | ||||||
| 3,919,309 | ||||||||
| Total Common Stocks (Cost $55,730,305) | $ | 42,986,242 | ||||||
| Warrants - 0.0% (c) | Shares | Fair Value | ||||||
| Switzerland - 0.0% (c) | ||||||||
| Compagnie Financiere Richemont SA (Cost $0) | 8,320 | $ | 3,710 | |||||
| Registered Investment Companies - 16.8% | Shares | Fair Value | ||||||
| State Street Institutional US Government Money Market Fund - Premier Class, 2.94% (d) | 1,948,308 | $ | 1,948,308 | |||||
Diamond Hill International Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Registered Investment Companies - 16.8% (Continued) | Shares | Fair Value | ||||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (d)(e) | 5,560,487 | $ | 5,560,487 | |||||
| Total Registered Investment Companies (Cost $7,508,795) | $ | 7,508,795 | ||||||
| Total Investment Securities - 112.9% (Cost $63,239,100) | $ | 50,498,747 | ||||||
| Liabilities in Excess of Other Assets - (12.9)% | (5,760,195 | ) | ||||||
| Net Assets - 100.0% | $ | 44,738,552 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $5,843,214. |
| (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, 2022. |
| (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 $473,491. |
| AB - | Aktiebolag |
| ADR - | American Depositary Receipt |
| AG - | Aktiengesellschaft |
| NV - | Naamloze Vennootschap |
| plc - | Public Limited Company |
| SA - | Societe Anonyme |
| SAB de CV- | Societe Anonima Bursatil de Capital Variable |
| SE - | Societe Europaea |
| SpA - | Societa per Azioni |
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Corporate Credit - 6.4% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Banking - 3.6% | ||||||||||||||
| Bank of America Corp. (a) | 1.486 | % | 05/19/24 | $ | 4,514,000 | $ | 4,402,896 | |||||||
| Bank of Nova Scotia (a) | 0.400 | % | 09/15/23 | 2,200,000 | 2,106,160 | |||||||||
| Capital One Financial Corp. (b) | 1.343 | % | 12/06/24 | 1,700,000 | 1,614,984 | |||||||||
| Capital One Financial Corp. | 4.250 | % | 04/30/25 | 1,417,000 | 1,377,013 | |||||||||
| Citigroup, Inc. (1* SOFR + 53) (b) | 1.281 | % | 11/03/25 | 2,750,000 | 2,512,094 | |||||||||
| Discover Financial Services | 3.750 | % | 03/04/25 | 2,750,000 | 2,628,413 | |||||||||
| Eaton Vance Corp. | 3.625 | % | 06/15/23 | 5,000,000 | 4,967,220 | |||||||||
| Fifth Third Bancorp | 1.707 | % | 11/01/27 | 1,200,000 | 1,038,171 | |||||||||
| Goldman Sachs Group, Inc. | 1.217 | % | 12/06/23 | 1,000,000 | 958,767 | |||||||||
| Goldman Sachs Group, Inc. (a) | 3.000 | % | 03/15/24 | 1,000,000 | 971,676 | |||||||||
| Goldman Sachs Group, Inc. (a) | 0.925 | % | 10/21/24 | 3,000,000 | 2,847,452 | |||||||||
| JPMorgan Chase & Co. (1* SOFR + 60) (b) | 0.653 | % | 09/16/24 | 350,000 | 333,798 | |||||||||
| JPMorgan Chase & Co. (a) | 0.768 | % | 08/09/25 | 3,000,000 | 2,750,215 | |||||||||
| JPMorgan Chase & Co. | 1.561 | % | 12/10/25 | 2,000,000 | 1,833,964 | |||||||||
| JPMorgan Chase & Co. | 2.595 | % | 02/24/26 | 1,700,000 | 1,581,473 | |||||||||
| JPMorgan Chase & Co. | 1.470 | % | 09/22/27 | 1,600,000 | 1,352,969 | |||||||||
| Morgan Stanley (a) | 0.791 | % | 01/22/25 | 3,800,000 | 3,559,679 | |||||||||
| Royal Bank of Canada (a) | 0.750 | % | 10/07/24 | 2,000,000 | 1,836,068 | |||||||||
| Royal Bank of Canada (a) | 3.375 | % | 04/14/25 | 900,000 | 866,016 | |||||||||
| Toronto-Dominion Bank (The) (1* SOFR + 48) (b) | 3.460 | % | 01/27/23 | 375,000 | 374,921 | |||||||||
| Toronto-Dominion Bank (The) (a) | 0.700 | % | 09/10/24 | 900,000 | 828,917 | |||||||||
| Toronto-Dominion Bank (The) | 1.250 | % | 12/13/24 | 500,000 | 461,313 | |||||||||
| Truist Financial Corp. | 2.686 | % | 06/09/25 | 800,000 | 783,639 | |||||||||
| Wells Fargo & Co., Class MTN (1* SOFR + 160) (a)(b) | 1.654 | % | 06/02/24 | 1,000,000 | 976,513 | |||||||||
| Wells Fargo & Co. (1* SOFR + 200) (a)(b) | 2.188 | % | 04/30/26 | 1,675,000 | 1,529,731 | |||||||||
| 44,494,062 | ||||||||||||||
| Communications - 0.0% (c) | ||||||||||||||
| Twenty-First Century Fox, Inc. | 4.030 | % | 01/25/24 | 450,000 | 444,435 | |||||||||
| Consumer Cyclical - 0.5% | ||||||||||||||
| Daimler Finance, LLC (a)(d) | 1.750 | % | 03/10/23 | 1,900,000 | 1,875,486 | |||||||||
| General Motors Financial Co. | 1.250 | % | 01/08/26 | 3,700,000 | 3,180,022 | |||||||||
| Honda Motor Co. (a) | 2.271 | % | 03/10/25 | 900,000 | 847,075 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 6.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Consumer Cyclical - 0.5% (Continued) | ||||||||||||||
| Toyota Motor Corp. (a) | 0.625 | % | 09/13/24 | $ | 900,000 | $ | 832,383 | |||||||
| 6,734,966 | ||||||||||||||
| Consumer Non-Cyclical - 0.6% | ||||||||||||||
| AbbVie, Inc. | 2.900 | % | 11/06/22 | 2,800,000 | 2,795,072 | |||||||||
| Baxter International, Inc. | 0.868 | % | 12/01/23 | 1,800,000 | 1,719,747 | |||||||||
| Kroger Co. (The) | 4.000 | % | 02/01/24 | 2,800,000 | 2,765,200 | |||||||||
| Mondelez International, Inc. (a)(d) | 0.750 | % | 09/24/24 | 300,000 | 275,054 | |||||||||
| 7,555,073 | ||||||||||||||
| Electric - 0.3% | ||||||||||||||
| DTE Energy Co. | 1.050 | % | 06/01/25 | 500,000 | 447,529 | |||||||||
| WEC Energy Group, Inc. | 0.800 | % | 03/15/24 | 2,750,000 | 2,588,035 | |||||||||
| 3,035,564 | ||||||||||||||
| Energy - 0.2% | ||||||||||||||
| Devon Energy Corp. | 5.250 | % | 09/15/24 | 1,000,000 | 999,617 | |||||||||
| Energy Transfer Operating LP | 4.500 | % | 04/15/24 | 925,000 | 910,429 | |||||||||
| TransCanada Pipeline Ltd. | 1.000 | % | 10/12/24 | 750,000 | 691,125 | |||||||||
| 2,601,171 | ||||||||||||||
| Insurance - 1.0% | ||||||||||||||
| Athene Global Funding (d) | 2.500 | % | 01/14/25 | 1,450,000 | 1,352,351 | |||||||||
| Equitable Financial Life (d) | 1.100 | % | 11/12/24 | 3,050,000 | 2,807,009 | |||||||||
| Met Life Global Funding I (d) | 1.950 | % | 01/13/23 | 780,000 | 774,758 | |||||||||
| Met Life Global Funding I (d) | 0.700 | % | 09/27/24 | 1,200,000 | 1,101,879 | |||||||||
| New York Life Global Funding (d) | 0.900 | % | 10/29/24 | 800,000 | 739,971 | |||||||||
| Principal Life Global Funding II (d) | 0.750 | % | 08/23/24 | 1,265,000 | 1,162,335 | |||||||||
| Protective Life Global Funding (a)(d) | 0.473 | % | 01/12/24 | 2,945,000 | 2,773,389 | |||||||||
| Protective Life Global Funding (d) | 0.781 | % | 07/05/24 | 1,700,000 | 1,571,842 | |||||||||
| 12,283,534 | ||||||||||||||
| Technology - 0.0% (c) | ||||||||||||||
| Dell Technologies, Inc. (a) | 4.900 | % | 10/01/26 | 300,000 | 288,999 | |||||||||
| Transportation - 0.2% | ||||||||||||||
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A (d) | 4.800 | % | 08/15/27 | 421,612 | 398,021 | |||||||||
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200 | % | 12/15/29 | 1,484,000 | 1,290,414 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 6.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Transportation - 0.2% (Continued) | ||||||||||||||
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875 | % | 04/15/29 | $ | 982,335 | $ | 947,493 | |||||||
| 2,635,928 | ||||||||||||||
| Total Corporate Credit (Cost $84,938,538) | $ | 80,073,732 | ||||||||||||
| Securitized - 87.4% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| ABS-Other - 6.5% | ||||||||||||||
| BXG Receivables Note Trust, Series 2018-A, Class C (d) | 4.440 | % | 02/02/34 | $ | 726,148 | $ | 690,777 | |||||||
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B (d) | 1.830 | % | 03/20/41 | 3,588,000 | 3,020,326 | |||||||||
| Diamond Resorts Owner Trust, Series 2019-1, Class B (d) | 3.530 | % | 02/20/32 | 302,700 | 294,002 | |||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class B (d) | 2.050 | % | 11/21/33 | 943,963 | 859,715 | |||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class C (d) | 2.700 | % | 11/21/33 | 887,325 | 809,453 | |||||||||
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A (b)(d) | 4.450 | % | 01/25/26 | 8,350,000 | 7,172,060 | |||||||||
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A (b)(d) | 3.620 | % | 07/25/26 | 9,000,000 | 7,128,846 | |||||||||
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A (d) | 3.850 | % | 10/26/26 | 11,500,000 | 9,278,666 | |||||||||
| Freedom Mortgage Corp., Series 2022-GT2, Class A (d) | 7.900 | % | 07/25/27 | 4,500,000 | 4,174,789 | |||||||||
| Gold Key Resorts, LLC, Series 2014-A, Class A (d) | 3.220 | % | 03/17/31 | 31,326 | 30,715 | |||||||||
| Helios Issuer, LLC, Series 2020-4, Class A (d) | 2.980 | % | 06/20/47 | 1,609,639 | 1,398,651 | |||||||||
| Helios Issuer, LLC, Series 2021-A, Class A (d) | 1.800 | % | 02/20/48 | 1,121,729 | 901,921 | |||||||||
| Hero Funding Trust, Series 2016-4B, Class B (d) | 4.990 | % | 09/20/47 | 378,290 | 361,963 | |||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class C (d) | 3.420 | % | 10/09/39 | 1,052,361 | 963,553 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| ABS-Other - 6.5% (Continued) | ||||||||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class D (d) | 5.500 | % | 10/09/39 | $ | 489,470 | $ | 452,679 | |||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class E (d) | 6.500 | % | 10/09/39 | 2,789,981 | 2,588,666 | |||||||||
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A (d) | 2.290 | % | 01/20/48 | 2,677,845 | 2,196,421 | |||||||||
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A (d) | 2.220 | % | 03/20/48 | 2,025,094 | 1,610,768 | |||||||||
| Mosaic Solar Loans, LLC, Series 2017-2, Class B (d) | 4.770 | % | 06/22/43 | 435,497 | 402,713 | |||||||||
| Mosaic Solar Loans, LLC, Series 2020-1, Class A (d) | 2.100 | % | 04/20/46 | 1,604,605 | 1,383,164 | |||||||||
| Mosaic Solar Loans, LLC, Series 2020-1A, Class B (d) | 3.100 | % | 04/20/46 | 1,283,684 | 1,128,135 | |||||||||
| Mosaic Solar Loans, LLC, Series 2021-1, Class D (d) | 3.710 | % | 12/20/46 | 727,770 | 641,926 | |||||||||
| MVW Own Trust, Series 2021-1W, Class D (d) | 3.170 | % | 06/22/41 | 1,582,728 | 1,381,371 | |||||||||
| NRZ Excess Spread Collateralization, Series 2021-GNT1, Class A (d) | 3.474 | % | 11/25/26 | 10,482,298 | 9,188,051 | |||||||||
| PNMAC GMSR Issuer Trust, Series 2018-GT1, Class A (1* 1MO LIBOR + 285) (b)(d) | 5.934 | % | 02/25/23 | 7,000,000 | 6,948,767 | |||||||||
| PNMAC GMSR Issuer Trust, Series 2018-GT2, Class NT (1* 1MO LIBOR + 265) (b)(d) | 5.734 | % | 08/25/23 | 9,400,000 | 9,210,123 | |||||||||
| Renew Financial, LLC, Series 2017-1, Class A (d) | 3.670 | % | 09/20/52 | 1,069,243 | 959,260 | |||||||||
| Renew Financial, LLC, Series 2017-1, Class B (d) | 5.750 | % | 09/20/52 | 412,034 | 379,218 | |||||||||
| Sierra Receivables Funding, Series 2022-2A, Class D (d) | 9.220 | % | 06/20/40 | 1,331,295 | 1,291,804 | |||||||||
| SPS Servicer Advance Receivables, Series 2020-T1, Class DT1 (d) | 2.370 | % | 11/15/52 | 466,667 | 464,394 | |||||||||
| SPS Servicer Advance Receivables, Series 2020-T2, Class D (d) | 3.160 | % | 11/15/55 | 3,000,000 | 2,472,579 | |||||||||
| Westgate Resorts, Series 2020-1A, Class C (d) | 6.213 | % | 03/20/34 | 1,282,598 | 1,271,234 | |||||||||
| 81,056,710 | ||||||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Agency MBS CMO - 1.1% | ||||||||||||||
| FHLMC, Series 2979, Class FP (1* 1MO LIBOR + 45) (b) | 3.268 | % | 05/15/35 | $ | 287,962 | $ | 285,960 | |||||||
| FHLMC, Series 3121, Class FM (1* 1MO LIBOR + 40) (b) | 3.218 | % | 03/15/36 | 272,090 | 269,891 | |||||||||
| FHLMC, Series 4613, Class AF (1* 1MO LIBOR + 110) (b) | 3.918 | % | 11/15/37 | 472,797 | 470,647 | |||||||||
| FHLMC, Series 3925, Class FL (1* 1MO LIBOR + 45) (b) | 3.268 | % | 01/15/41 | 71,442 | 71,394 | |||||||||
| FHLMC, Series 3895, Class BF (1* 1MO LIBOR + 50) (b) | 3.320 | % | 07/15/41 | 214,726 | 213,214 | |||||||||
| FHLMC, Series 4314, Class PF (1* 1MO LIBOR + 40) (b) | 3.218 | % | 07/15/43 | 101,296 | 100,708 | |||||||||
| FHLMC, Series 5171, Class UK | 2.000 | % | 12/25/51 | 1,163,171 | 659,171 | |||||||||
| FNMA, Series 2006-56, Class DC (1* 1MO LIBOR + 65) (b) | 3.734 | % | 07/25/36 | 558,988 | 564,450 | |||||||||
| FNMA, Series 2006-108, Class FD (1* 1MO LIBOR + 38) (b) | 3.464 | % | 11/25/36 | 232,011 | 229,392 | |||||||||
| FNMA, Series 2010-136, Class FA (1* 1MO LIBOR + 50) (b) | 3.584 | % | 12/25/40 | 222,336 | 221,126 | |||||||||
| FNMA, Series 2011-86, Class KF (1* 1MO LIBOR + 55) (b) | 3.634 | % | 09/25/41 | 368,802 | 367,454 | |||||||||
| FNMA, Series 2011-127, Class ZU | 3.500 | % | 12/25/41 | 5,142,257 | 4,746,692 | |||||||||
| FNMA, Series 2012-9, Class FC (1* 1MO LIBOR + 40) (b) | 3.484 | % | 02/25/42 | 161,583 | 159,758 | |||||||||
| FNMA, Series 2012-33, Class F (1* 1MO LIBOR + 52) (b) | 3.604 | % | 04/25/42 | 116,363 | 115,540 | |||||||||
| FNMA, Series 2013-34, Class GP | 3.000 | % | 05/25/42 | 2,552,553 | 2,420,061 | |||||||||
| FNMA, Series 2017-28, Class LK | 4.000 | % | 03/25/53 | 1,326,534 | 1,307,409 | |||||||||
| GNMA, Series 2012-H29, Class SA (1* 1MO LIBOR + 52) (b) | 2.872 | % | 10/20/62 | 525,509 | 521,049 | |||||||||
| GNMA, Series 2012-H23, Class SA (1* 1MO LIBOR + 53) (b) | 2.887 | % | 10/20/62 | 588,553 | 584,086 | |||||||||
| GNMA, Series 2016-H11, Class FD (1* 12MO LIBOR + 40) (b) | 2.572 | % | 05/20/66 | 81,212 | 79,538 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Agency MBS CMO - 1.1% (Continued) | ||||||||||||||
| GNMA, Series 2017-H11, Class FP (1* 1MO LIBOR + 22) (b) | 2.577 | % | 04/20/67 | $ | 49,272 | $ | 49,146 | |||||||
| 13,436,686 | ||||||||||||||
| Agency MBS CMO Derivatives - 0.1% | ||||||||||||||
| FHLMC, Series 237, Class S14 (IO) (-1* 1MO LIBOR + 660) (b) | 3.780 | % | 05/15/36 | 486,399 | 59,297 | |||||||||
| FNMA, Series 2012-148, Class IA (IO) | 4.000 | % | 01/25/28 | 1,731,964 | 108,840 | |||||||||
| FNMA, Series 301, Class I (PO) | 0.000 | % | 04/25/29 | 186,982 | 167,773 | |||||||||
| FNMA, Series 348, Class II (IO) | 6.000 | % | 01/25/34 | 490,483 | 95,996 | |||||||||
| FNMA, Series 2010-44, Class CS (IO) (-1* 1MO LIBOR + 655) (b) | 3.466 | % | 05/25/40 | 276,717 | 28,100 | |||||||||
| FNMA, Series 2014-45, Class IO (IO) | 4.000 | % | 08/25/44 | 398,944 | 50,586 | |||||||||
| GNMA, Series 2011-145, Class QI (IO) | 5.000 | % | 11/16/41 | 876,402 | 126,866 | |||||||||
| GNMA, Series 2015-16, Class IL (IO) | 4.000 | % | 03/20/42 | 1,363,408 | 57,431 | |||||||||
| GNMA, Series 2013-H13, Class T1 (IO) (b) | 0.464 | % | 05/20/63 | 22,127,290 | 123,056 | |||||||||
| GNMA, Series 2016-H20, Class GI (IO) (b) | 1.231 | % | 08/20/66 | 17,635,117 | 88,828 | |||||||||
| GNMA, Series 2017-H11, Class PI (IO) (b) | 2.675 | % | 04/20/67 | 266,466 | 366 | |||||||||
| GNMA, Series 2018-H08, Class NI (IO) (b) | 1.743 | % | 05/20/68 | 11,497,453 | 112,980 | |||||||||
| GNMA, Series 2019-H04, Class IO (IO) (b) | 1.534 | % | 03/20/69 | 18,210,483 | 439,268 | |||||||||
| 1,459,387 | ||||||||||||||
| Agency MBS Passthrough - 0.0% (c) | ||||||||||||||
| FHLMC, Pool #FG G60257 | 5.500 | % | 06/01/41 | 403,255 | 417,013 | |||||||||
| Auto Loan - 6.8% | ||||||||||||||
| ACC Auto Trust, Series 2021-A, Class A (d) | 1.080 | % | 04/15/27 | 750,501 | 738,268 | |||||||||
| ACC Trust, Series 2021-1, Class B (d) | 1.430 | % | 07/22/24 | 3,020,562 | 3,001,670 | |||||||||
| American Credit Acceptance Receivables Trust, Series 2020-3, Class F (d) | 5.940 | % | 06/14/27 | 6,750,000 | 6,708,574 | |||||||||
| American Credit Acceptance Receivables Trust, Series 2020-4, Class F (d) | 5.220 | % | 08/13/27 | 2,800,000 | 2,667,964 | |||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2021-1A, Class A (d) | 1.190 | % | 01/15/27 | 4,303,018 | 4,147,622 | |||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2021-1A, Class B (d) | 2.020 | % | 02/16/27 | 2,223,000 | 2,046,577 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Auto Loan - 6.8% (Continued) | ||||||||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class C (d) | 2.160 | % | 02/17/26 | $ | 500,000 | $ | 483,542 | |||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class D (d) | 3.640 | % | 02/17/26 | 2,250,000 | 2,125,607 | |||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class E (d) | 5.120 | % | 07/15/27 | 2,500,000 | 2,362,169 | |||||||||
| Chase Credit Linked Notes, Series 2020-1, Class D (d) | 1.886 | % | 01/25/28 | 476,596 | 468,509 | |||||||||
| Chase Credit Linked Notes, Series 2021-3, Class D (d) | 1.009 | % | 02/26/29 | 1,725,562 | 1,637,264 | |||||||||
| Chase Credit Linked Notes, Series 2021-3, Class E (d) | 2.102 | % | 02/26/29 | 1,437,969 | 1,371,343 | |||||||||
| CIG Auto Receivables Trust, Series 2020-1, Class D (d) | 2.350 | % | 01/12/26 | 2,400,000 | 2,337,133 | |||||||||
| CPS Auto Receivables Trust, Series 2018-C, Class D (d) | 4.400 | % | 06/17/24 | 80,619 | 80,639 | |||||||||
| Credito RL USA, Series 2021-1, Class A (d) | 1.350 | % | 02/16/27 | 2,520,506 | 2,453,360 | |||||||||
| FHF Trust, Series 2020-1, Class A (d) | 2.590 | % | 12/15/23 | 14,457 | 14,445 | |||||||||
| FHF Trust, Series 2020-1, Class B (d) | 3.100 | % | 09/15/25 | 4,500,000 | 4,451,489 | |||||||||
| FHF Trust, Series 2021-1, Class A (d) | 1.270 | % | 03/15/27 | 1,363,949 | 1,304,619 | |||||||||
| First Help Financial, LLC, Series 2021-2A, Class A (d) | 0.830 | % | 12/15/26 | 4,382,193 | 4,162,064 | |||||||||
| First Help Financial, LLC, Series 2021-2A, Class B (d) | 1.630 | % | 09/15/27 | 6,500,000 | 5,812,041 | |||||||||
| Hertz Vehicle Finance, LLC, Series 2022-1A, Class D (d) | 4.850 | % | 06/25/26 | 7,000,000 | 6,101,943 | |||||||||
| Hertz Vehicle Finance, LLC, Series 2021-2, Class D (d) | 4.340 | % | 12/25/27 | 5,000,000 | 4,000,449 | |||||||||
| JPMorgan Chase Bank, NA, Series 2021-2, Class E (d) | 2.280 | % | 12/26/28 | 1,036,827 | 998,168 | |||||||||
| OneMain Direct Auto Receivables, Series 2019-1, Class D (d) | 4.680 | % | 04/14/31 | 5,500,000 | 5,025,973 | |||||||||
| Santander Consumer Auto Receivables, Series 2020-B, Class D (d) | 2.140 | % | 12/15/26 | 2,000,000 | 1,880,546 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Auto Loan - 6.8% (Continued) | ||||||||||||||
| Tesla Auto Lease Trust, Series 2021-B, Class D (d) | 1.320 | % | 09/22/25 | $ | 9,500,000 | $ | 8,675,776 | |||||||
| Veros Auto Receivables Trust, Series 2020-1, Class B (d) | 2.190 | % | 06/16/25 | 488,487 | 487,302 | |||||||||
| Veros Auto Receivables Trust, Series 2021-1, Class B (d) | 1.490 | % | 10/15/26 | 4,500,000 | 4,281,491 | |||||||||
| Veros Auto Receivables Trust, Series 2021-1, Class C (d) | 3.640 | % | 08/15/28 | 5,000,000 | 4,667,812 | |||||||||
| 84,494,359 | ||||||||||||||
| CRE/CLO - 9.8% | ||||||||||||||
| A10 Securitization, Series 2021-D, Class D (d)(e) | 4.409 | % | 10/01/38 | 7,546,818 | 6,712,593 | |||||||||
| A10 Securitization, Series 2021-D, Class E (d)(e) | 4.937 | % | 10/01/38 | 3,575,985 | 3,132,777 | |||||||||
| A10 Securitization, Series 2020-C, Class A (d)(e) | 2.033 | % | 08/15/40 | 59,751 | 59,072 | |||||||||
| A10 Securitization, Series 2020-C, Class B (d)(e) | 2.617 | % | 08/15/40 | 2,100,000 | 1,981,192 | |||||||||
| A10 Securitization, Series 2020-C, Class C (d)(e) | 3.363 | % | 08/15/40 | 2,800,000 | 2,599,666 | |||||||||
| A10 Securitization, Series 2020-C, Class D (d)(e) | 4.129 | % | 08/15/40 | 1,950,000 | 1,791,537 | |||||||||
| A10 Securitization, Series 2020-C, Class E (d)(e) | 5.465 | % | 08/15/40 | 1,050,000 | 946,991 | |||||||||
| Acre Mortgage Trust, Series 2021-FL4, Class D (1* 1MO LIBOR + 260) (b)(d) | 5.593 | % | 12/15/37 | 6,000,000 | 5,786,628 | |||||||||
| Acre Mortgage Trust, Series 2021-FL4, Class E (1* 1MO LIBOR + 310) (b)(d) | 6.093 | % | 12/15/37 | 2,000,000 | 1,913,736 | |||||||||
| Arbor Realty Collateralized Loan, Series 2022-FL1, Class D (1* SOFR30A + 300) (b)(d) | 5.285 | % | 01/15/37 | 4,750,000 | 4,467,323 | |||||||||
| AREIT CRE Trust, Series 2022-CRE6, Class A (1* SOFR30A + 125) (b)(d) | 3.258 | % | 01/16/37 | 3,263,889 | 3,122,820 | |||||||||
| Bancorp Commercial Mortgage Trust (The), Series 2017-CRE2, Class D (1* 1MO LIBOR + 375) (b)(d) | 6.141 | % | 08/17/32 | 1,374,049 | 1,363,209 | |||||||||
| BDS Ltd., Series 2021-FL8, Class D (1* 1MO LIBOR + 300) (b)(d) | 4.893 | % | 01/18/36 | 2,750,000 | 2,547,537 | |||||||||
| BDS Ltd., Series 2021-FL8, Class E (1* 1MO LIBOR + 225) (b)(d) | 5.243 | % | 01/18/36 | 1,750,000 | 1,636,708 | |||||||||
| BXMT Ltd., Series 2020-FL2, Class D (1* 1MO LIBOR + 195) (b)(d) | 4.360 | % | 02/16/37 | 4,725,000 | 4,425,785 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| CRE/CLO - 9.8% (Continued) | ||||||||||||||
| BXMT Ltd., Series 2020-FL2, Class E (1* 1MO LIBOR + 205) (b)(d) | 4.461 | % | 02/16/37 | $ | 3,500,000 | $ | 3,249,739 | |||||||
| BXMT Ltd., Series 2021-FL4, Class D (1* 1MO LIBOR + 225) (b)(d) | 4.641 | % | 05/17/38 | 8,250,000 | 7,673,803 | |||||||||
| LoanCore Issuer Ltd., Series 2019-CRE3, Class D (1* 1MO LIBOR + 250) (b)(d) | 4.891 | % | 05/15/36 | 7,200,000 | 7,071,739 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class A (1* TSFR1M + 96) (b)(d) | 3.810 | % | 07/15/36 | 1,249,214 | 1,226,039 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class AS (1* TSFR1M + 131) (b)(d) | 4.160 | % | 07/15/36 | 1,000,000 | 972,296 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL7, Class AS (1* 1MO LIBOR + 145) (b)(d) | 3.827 | % | 10/16/36 | 6,750,000 | 6,480,054 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL7, Class C (1* 1MO LIBOR + 205) (b)(d) | 5.043 | % | 10/16/36 | 2,000,000 | 1,876,496 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL8, Class B (1* SOFR30A + 195) (b)(d) | 4.234 | % | 02/19/37 | 3,500,000 | 3,327,723 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL10, Class C (1* TSFR1M + 448) (b)(d) | 6.768 | % | 09/07/37 | 3,250,000 | 3,237,995 | |||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL10, Class D (1* TSFR1M + 573) (b)(d) | 8.014 | % | 09/17/37 | 1,250,000 | 1,252,812 | |||||||||
| PFP Ltd., Series 2021-8, Class A (1* 1MO LIBOR + 100) (b)(d) | 3.387 | % | 08/16/37 | 1,707,760 | 1,622,784 | |||||||||
| PFP Ltd., Series 2021-7, Class D (1* 1MO LIBOR + 240) (b)(d) | 4.787 | % | 04/14/38 | 1,749,913 | 1,671,721 | |||||||||
| PFP Ltd., Series 2021-7, Class A (1* 1MO LIBOR + 85) (b)(d) | 3.668 | % | 04/16/38 | 1,539,701 | 1,497,407 | |||||||||
| PFP Ltd., Series 2021-7, Class A-S (1* 1MO LIBOR + 115) (b)(d) | 3.968 | % | 04/16/38 | 2,999,850 | 2,871,688 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| CRE/CLO - 9.8% (Continued) | ||||||||||||||
| ReadyCap Commercial Mortgage Trust, Series 2020-FL4, Class B (1* 1MO LIBOR + 385) (b)(d) | 6.294 | % | 02/25/35 | $ | 4,000,000 | $ | 3,948,770 | |||||||
| ReadyCap Commercial Mortgage Trust, Series 2020-FL4, Class C (1* 1MO LIBOR + 475) (b)(d) | 7.194 | % | 02/25/35 | 4,000,000 | 3,951,670 | |||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-1A, Class C (1* 1MO LIBOR + 190) (b)(d) | 4.984 | % | 07/25/36 | 1,800,000 | 1,702,714 | |||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-1A, Class B (1* 1MO LIBOR + 240) (b)(d) | 5.483 | % | 07/25/36 | 7,545,000 | 7,138,392 | |||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-1A, Class A (1* 1MO LIBOR + 290) (b)(d) | 5.984 | % | 07/25/36 | 4,500,000 | 4,245,206 | |||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-FL7, Class A (1* 1MO LIBOR + 120) (b)(d) | 4.284 | % | 11/25/36 | 2,194,976 | 2,129,480 | |||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-FL7, Class D (1* 1MO LIBOR + 295) (b)(d) | 6.034 | % | 11/25/36 | 3,450,000 | 3,299,808 | |||||||||
| Rialto Real Estate Fund LP, Series 2022-FL8, Class B (1* TSFR1M + 325) (b)(d) | 5.546 | % | 01/19/27 | 4,250,000 | 4,147,983 | |||||||||
| Shelter Growth Capital Partners, LLC, Series 2021-FL3, Class A (1* 1MO LIBOR + 108) (b)(d) | 3.898 | % | 09/15/36 | 1,272,180 | 1,241,445 | |||||||||
| Shelter Growth Capital Partners, LLC, Series 2021-FL3, Class C (1* 1MO LIBOR + 215) (b)(d) | 4.968 | % | 09/15/36 | 3,800,000 | 3,651,979 | |||||||||
| 121,977,317 | ||||||||||||||
| Credit Cards - 9.2% | ||||||||||||||
| Brex Commercial Charge Card Master Trust, Series 2022-1, Class A (d) | 4.630 | % | 07/15/25 | 5,000,000 | 4,842,459 | |||||||||
| Continental Credit Card, LLC, Series 2019-1, Class A (d) | 3.830 | % | 08/15/26 | 5,891,493 | 5,818,374 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Credit Cards - 9.2% (Continued) | ||||||||||||||
| Continental Credit Card, LLC, Series 2019-1, Class B (d) | 4.950 | % | 08/15/26 | $ | 7,450,000 | $ | 7,257,996 | |||||||
| Continental Credit Card, LLC, Series 2019-1, Class C (d) | 6.160 | % | 08/15/26 | 3,000,000 | 2,886,026 | |||||||||
| Continental Credit Card, LLC, Series 2020-A, Class A (d) | 2.240 | % | 12/15/28 | 3,600,000 | 3,317,675 | |||||||||
| Continental Credit Card, LLC, Series 2020-A, Class B (d) | 3.660 | % | 12/15/28 | 6,800,000 | 6,179,096 | |||||||||
| Continental Credit Card, LLC, Series 2021-A, Class B (d) | 3.490 | % | 12/17/29 | 6,700,000 | 6,105,806 | |||||||||
| Continental Credit Card, LLC, Series 2021-A, Class C (d) | 4.020 | % | 12/17/29 | 6,900,000 | 6,232,362 | |||||||||
| Continental Credit Card, LLC, Series 2021-A, Class D (d) | 6.010 | % | 12/17/29 | 16,210,000 | 14,619,848 | |||||||||
| Continental Credit Card, LLC, Series 2022-A, Class C (d) | 9.330 | % | 10/15/30 | 4,100,000 | 4,019,387 | |||||||||
| Continental Credit Card, LLC, Series 2022-A, Class D (d) | 12.420 | % | 10/15/30 | 5,000,000 | 4,912,344 | |||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class D (d) | 6.630 | % | 07/20/26 | 9,500,000 | 9,454,954 | |||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class C (d) | 4.190 | % | 07/20/30 | 239,379 | 238,952 | |||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class E (d) | 9.760 | % | 07/20/30 | 2,625,000 | 2,579,697 | |||||||||
| Genesis Sales Finance Master Trust, Series 2020-AA, Class B (d) | 2.240 | % | 09/22/25 | 2,500,000 | 2,394,929 | |||||||||
| Genesis Sales Finance Master Trust, Series 2020-AA, Class C (d) | 2.990 | % | 09/22/25 | 1,000,000 | 908,780 | |||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class D (d) | 2.090 | % | 12/21/26 | 2,350,000 | 2,102,194 | |||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class E (d) | 3.770 | % | 12/21/26 | 6,000,000 | 5,295,355 | |||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class F (d) | 5.590 | % | 12/21/26 | 4,000,000 | 3,483,056 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Credit Cards - 9.2% (Continued) | ||||||||||||||
| Mercury Financial Credit Card Master Trust, Series 2021-1A, Class B (d) | 2.330 | % | 03/20/26 | $ | 12,200,000 | $ | 11,398,545 | |||||||
| Mercury Financial Credit Card Master Trust, Series 2021-1A, Class D (d) | 6.260 | % | 03/20/26 | 4,000,000 | 3,606,996 | |||||||||
| Meridian Contrarian Fund, Series 2022-2A, Class C (d) | 10.830 | % | 03/20/27 | 8,000,000 | 7,707,399 | |||||||||
| 115,362,230 | ||||||||||||||
| Equipment - 1.7% | ||||||||||||||
| Business Jet Securities, LLC, Series 2020-1, Class B (d) | 3.967 | % | 11/15/35 | 820,333 | 732,936 | |||||||||
| Business Jet Securities, LLC, Series 2020-1, Class C (d) | 7.142 | % | 11/15/35 | 1,465,307 | 1,385,245 | |||||||||
| Business Jet Securities, LLC, Series 2021-1A, Class B (d) | 2.918 | % | 04/15/36 | 1,164,539 | 988,465 | |||||||||
| Business Jet Securities, LLC, Series 2021-1A, Class C (d) | 5.067 | % | 04/15/36 | 1,963,123 | 1,789,820 | |||||||||
| Encina Equipment Finance, Series 2021-1A, Class E (d) | 4.360 | % | 03/15/29 | 1,340,000 | 1,277,724 | |||||||||
| Octana Receivables Trust, Series 2022-2A, Class D (d) | 7.700 | % | 09/20/30 | 3,000,000 | 2,825,783 | |||||||||
| Octane Receivables Trust, Series 2020-1, Class C (d) | 2.890 | % | 03/20/26 | 4,750,000 | 4,504,557 | |||||||||
| Octane Receivables Trust, Series 2021-1A, Class C (d) | 2.230 | % | 11/20/28 | 1,800,000 | 1,609,423 | |||||||||
| Stellar Jay Ireland DAC, Series 2021-1, Class B (d)(e) | 5.926 | % | 03/15/28 | 7,433,479 | 6,239,428 | |||||||||
| 21,353,381 | ||||||||||||||
| HECM - 4.6% | ||||||||||||||
| Boston Lending Trust, Series 2022-1, Class M2 (d)(e) | 2.750 | % | 02/25/62 | 1,017,856 | 764,976 | |||||||||
| Brean ABS Trust, Series 2021-RM2, Class A (d) | 1.750 | % | 10/25/61 | 8,798,576 | 7,646,743 | |||||||||
| Brean ABS Trust, Series 2022-RM3, Class A (d) | 1.750 | % | 02/25/62 | 1,448,797 | 1,251,270 | |||||||||
| Brean ABS Trust, Series 2022-RM4, Class M1 (d)(e) | 3.000 | % | 07/25/62 | 1,399,683 | 936,749 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| HECM - 4.6% (Continued) | ||||||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class A (d) | 3.750 | % | 04/25/25 | $ | 3,625,041 | $ | 3,516,290 | |||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class M3 (d) | 3.750 | % | 04/25/25 | 3,000,000 | 2,558,700 | |||||||||
| Cascade Funding Mortgage Trust, Series 2021-HB7, Class M3 (d) | 3.849 | % | 10/27/31 | 3,000,000 | 2,716,849 | |||||||||
| Finance of America HECM Buyout, Series 2022-HB1, Class M3 (b)(d) | 5.084 | % | 11/25/25 | 1,600,000 | 1,482,302 | |||||||||
| Finance of America HECM Buyout, Series 2022-HB1, Class M5 (d) | 7.870 | % | 11/25/26 | 8,000,000 | 7,325,691 | |||||||||
| Finance of America HECM Buyout, Series 2022-HB2, Class M3 (d) | 6.000 | % | 09/25/27 | 6,500,000 | 6,082,110 | |||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 (d) | 3.690 | % | 11/25/31 | 3,000,000 | 2,663,087 | |||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 (d) | 4.704 | % | 11/25/31 | 5,000,000 | 4,448,997 | |||||||||
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M2 (d) | 3.630 | % | 10/25/50 | 1,000,000 | 898,376 | |||||||||
| RMF Proprietary Issuance Trust, Series 2021-2, Class A (d) | 2.125 | % | 09/25/61 | 7,812,206 | 6,613,086 | |||||||||
| RMF Proprietary Issuance Trust, Series 2021-2, Class M2 (d)(e) | 2.125 | % | 09/25/61 | 2,553,194 | 1,679,271 | |||||||||
| RMF Proprietary Issuance Trust, Series 2022-1, Class A (d) | 3.000 | % | 01/25/62 | 984,550 | 875,052 | |||||||||
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 (b)(d) | 3.750 | % | 06/25/62 | 2,600,000 | 1,607,951 | |||||||||
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 (b)(d)(e) | 3.000 | % | 01/25/62 | 1,600,000 | 1,293,471 | |||||||||
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 (d)(e) | 3.000 | % | 01/25/62 | 4,000,000 | 3,015,251 | |||||||||
| 57,376,222 | ||||||||||||||
| Hospitality - 2.2% | ||||||||||||||
| BHMS Mortgage Trust, Series 2018-ATLS, Class A (1* 1MO LIBOR + 125) (b)(d) | 4.068 | % | 07/16/35 | 4,700,000 | 4,537,995 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Hospitality - 2.2% (Continued) | ||||||||||||||
| BX Trust, Series 2018-GW, Class D (1* 1MO LIBOR + 177) (b)(d) | 4.588 | % | 05/15/35 | $ | 1,000,000 | $ | 944,702 | |||||||
| BX Trust, Series 2018-GW, Class C (1* 1MO LIBOR + 198) (b)(d) | 3.611 | % | 05/15/37 | 2,500,000 | 2,374,317 | |||||||||
| BX Trust, Series 2018-GW, Class E (1* 1MO LIBOR + 197) (b)(d) | 4.361 | % | 05/15/37 | 6,000,000 | 5,653,752 | |||||||||
| Extended Stay America Trust, Series 2021-ESH, Class F (1* 1MO LIBOR + 370) (b)(d) | 6.518 | % | 07/15/38 | 6,173,008 | 5,831,711 | |||||||||
| Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class B (1* 1MO LIBOR + 125) (b)(d) | 4.068 | % | 07/15/25 | 4,573,863 | 4,401,396 | |||||||||
| Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class C (1* 1MO LIBOR + 145) (b)(d) | 4.268 | % | 07/15/25 | 1,966,761 | 1,882,716 | |||||||||
| Hawaii Hotel Trust, Series 2019-MAUI, Class A (1* 1MO LIBOR + 115) (b)(d) | 3.541 | % | 05/17/38 | 2,450,000 | 2,386,873 | |||||||||
| 28,013,462 | ||||||||||||||
| Industrial - 2.1% | ||||||||||||||
| BX Commercial Mortgage Trust, Series 2021-VOLT, Class B (1* 1MO LIBOR + 95) (b)(d) | 3.768 | % | 09/15/36 | 1,470,000 | 1,377,957 | |||||||||
| BX Trust, Series 2021-VOLT, Class D (1* 1MO LIBOR + 165) (b)(d) | 4.468 | % | 09/15/36 | 13,330,000 | 12,374,382 | |||||||||
| BX Trust, Series 2021-VOLT, Class E (1* 1MO LIBOR + 200) (b)(d) | 4.818 | % | 09/15/36 | 7,997,000 | 7,373,627 | |||||||||
| BX Trust, Series 2021-VINO, Class A (1* 1MO LIBOR + 65) (b)(d) | 3.470 | % | 05/17/38 | 1,600,000 | 1,530,336 | |||||||||
| Cold Storage Trust, Series 2020-ICE5, Class E (1* 1MO LIBOR + 277) (b)(d) | 5.160 | % | 11/16/37 | 2,457,476 | 2,368,255 | |||||||||
| SMR Mortgage Trust, Series 2022-IND, Class D (1* TSFR1M + 395) (b)(d) | 6.795 | % | 02/25/39 | 1,736,263 | 1,637,075 | |||||||||
| 26,661,632 | ||||||||||||||
| Manufactured Housing - 0.1% | ||||||||||||||
| Cascade Funding Mortgage Trust, Series 2019-MH1, Class M (b)(d) | 5.985 | % | 11/25/44 | 1,100,000 | 1,012,122 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Multifamily - 9.5% | ||||||||||||||
| BX Trust, Series 2021-MFM1, Class D (1* 1MO LIBOR + 150) (b)(d) | 4.318 | % | 01/15/34 | $ | 2,000,000 | $ | 1,874,655 | |||||||
| Freedom Mortgage Trust, Series 2017-KF39, Class B (1* 1MO LIBOR + 250) (b)(d) | 5.053 | % | 11/25/24 | 3,844,388 | 3,811,213 | |||||||||
| Freedom Mortgage Trust, Series 2018-KF45, Class B (1* 1MO LIBOR + 195) (b)(d) | 4.312 | % | 03/25/25 | 1,605,442 | 1,569,482 | |||||||||
| Freedom Mortgage Trust, Series 2018-KF53, Class B (1* 1MO LIBOR + 205) (b)(d) | 4.603 | % | 10/27/25 | 2,673,902 | 2,653,529 | |||||||||
| Freedom Mortgage Trust, Series 2019-KF61, Class B (1* 1MO LIBOR + 220) (b)(d) | 4.753 | % | 03/25/29 | 2,907,200 | 2,884,785 | |||||||||
| FREMF Mortgage Trust, Series 2018-KF42, Class B (1* 1MO LIBOR + 220) (b)(d) | 4.562 | % | 12/25/24 | 968,352 | 942,457 | |||||||||
| FREMF Mortgage Trust, Series 2018-KF44, Class B (1* 1MO LIBOR + 215) (b)(d) | 4.703 | % | 02/25/25 | 1,494,342 | 1,483,654 | |||||||||
| FREMF Mortgage Trust, Series 2019-KF62, Class B (1* 1MO LIBOR + 205) (b)(d) | 4.603 | % | 04/25/26 | 2,136,044 | 2,089,327 | |||||||||
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1* 1MO LIBOR + 215) (b)(d) | 4.703 | % | 01/25/28 | 2,681,273 | 2,598,699 | |||||||||
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1* 1MO LIBOR + 190) (b)(d) | 4.262 | % | 07/25/28 | 2,503,082 | 2,460,330 | |||||||||
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1* 1MO LIBOR + 225) (b)(d) | 4.803 | % | 01/25/29 | 6,113,245 | 5,995,958 | |||||||||
| FREMF Mortgage Trust, Series 2019-KF59, Class B (1* 1MO LIBOR + 235) (b)(d) | 4.903 | % | 02/25/29 | 1,303,219 | 1,274,440 | |||||||||
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1* 1MO LIBOR + 225) (b)(d) | 4.803 | % | 08/25/29 | 5,619,335 | 5,563,755 | |||||||||
| Multi Family Connecticut Avenue, Series 2019-01, Class B-10 (1* 1MO LIBOR + 550) (b)(d) | 8.584 | % | 10/15/49 | 3,000,000 | 2,830,910 | |||||||||
| Multi Family Connecticut Avenue, Series 2020-01, Class M-7 (1* 1MO LIBOR + 195) (b)(d) | 5.034 | % | 03/25/50 | 675,655 | 662,185 | |||||||||
| Multi Family Connecticut Avenue, Series 2020-01, Class M-10 (1* 1MO LIBOR + 375) (b)(d) | 6.834 | % | 03/25/50 | 5,000,000 | 4,670,919 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Multifamily - 9.5% (Continued) | ||||||||||||||
| Multi Family Connecticut Avenue, Series 2020-01, Class CE (1* 1MO LIBOR + 750) (b)(d) | 10.584 | % | 03/25/50 | $ | 3,063,000 | $ | 3,004,372 | |||||||
| MultiFamily Structured Credit Risk, Series 2021-MN2, Class M-1 (1* SOFR30A + 180) (b)(d) | 4.081 | % | 07/25/41 | 12,975,228 | 12,111,536 | |||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN2, Class M2 (1* SOFR30A + 335) (b)(d) | 5.631 | % | 07/25/41 | 16,250,000 | 14,017,910 | |||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN1, Class M-1 (1* SOFR30A + 200) (b)(d) | 4.281 | % | 01/25/51 | 7,320,962 | 7,031,798 | |||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN1, Class M2 (1* SOFR + 400) (b)(d) | 6.031 | % | 01/25/51 | 5,800,000 | 5,320,265 | |||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class M1 (1* SOFR30A + 230) (b)(d) | 4.581 | % | 11/25/51 | 23,054,811 | 22,045,426 | |||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class M2 (1* SOFR + 400) (b)(d) | 6.281 | % | 11/25/51 | 2,400,000 | 2,128,820 | |||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class B1 (1* SOFR + 685) (b)(d) | 9.131 | % | 11/25/51 | 2,500,000 | 2,205,608 | |||||||||
| MultiFamily Structured Credit Risk, Series 2022-MN4, Class M1 (1* SOFR30A + 425) (b)(d) | 6.433 | % | 05/25/52 | 6,797,324 | 6,900,932 | |||||||||
| 118,132,965 | ||||||||||||||
| Non-Agency MBS 2.0 - 0.5% | ||||||||||||||
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 (1* SOFR30A + 155) (b) | 3.831 | % | 02/25/50 | 2,384,318 | 2,203,980 | |||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1 (1* SOFR30A + 130) (b)(d) | 3.581 | % | 02/26/71 | 2,017,476 | 1,859,055 | |||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 (1* SOFR30A + 180) (b)(d) | 4.081 | % | 02/26/71 | 1,522,700 | 1,431,029 | |||||||||
| 5,494,064 | ||||||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Non-Performing Loan - 0.1% | ||||||||||||||
| Cascade Funding Mortgage Trust, Series 2021-EBO1, Class M3 (d) | 3.086 | % | 11/25/50 | $ | 1,662,000 | $ | 1,577,369 | |||||||
| Non-QM - 0.4% | ||||||||||||||
| Angel Oak Mortgage Trust, Series 2019-1, Class B1 (d) | 5.400 | % | 11/25/48 | 5,250,000 | 5,014,898 | |||||||||
| Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A3 (b) | 2.119 | % | 08/25/34 | 4,480 | 4,322 | |||||||||
| 5,019,220 | ||||||||||||||
| Office - 0.4% | ||||||||||||||
| Drop Mortgage Trust, Series 2021-FILE, Class C (1* 1MO LIBOR + 225) (b)(d) | 5.070 | % | 04/15/26 | 4,600,000 | 4,300,248 | |||||||||
| Residential Transition Loan - 6.9% | ||||||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 (d) | 3.280 | % | 03/25/25 | 6,275,000 | 6,049,429 | |||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 (d) | 5.610 | % | 03/25/25 | 9,500,000 | 9,178,814 | |||||||||
| Antler Mortgage Trust, Series 2021-RTL1, Class M (b)(d) | 5.438 | % | 05/25/25 | 16,188,000 | 15,123,108 | |||||||||
| Colony American Finance Ltd., Series 2021-RTL1, Class A2 (d) | 3.104 | % | 03/26/29 | 7,500,000 | 6,662,519 | |||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class A2 (d) | 2.783 | % | 06/25/26 | 1,500,000 | 1,320,842 | |||||||||
| LHOME Mortgage Trust, Series 2021-RTL3, Class A2 (d) | 3.228 | % | 09/25/26 | 8,250,000 | 7,502,267 | |||||||||
| LHOME Mortgage Trust, Series 2021-RTL1, Class M (b)(d) | 4.458 | % | 09/25/26 | 2,750,000 | 2,427,963 | |||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class M (d) | 4.458 | % | 09/25/26 | 4,000,000 | 3,274,434 | |||||||||
| LHOME Mortgage Trust, Series 2021-RTL3, Class M (d) | 5.193 | % | 09/25/26 | 5,000,000 | 4,471,586 | |||||||||
| LHOME Mortgage Trust, Series 2022-RTL1, Class M (d) | 6.900 | % | 02/25/27 | 7,250,000 | 6,552,845 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Residential Transition Loan - 6.9% (Continued) | ||||||||||||||
| New York Mortgage Trust, Series 2022-BPL1, Class A2 (d) | 4.948 | % | 11/25/27 | $ | 5,500,000 | $ | 5,118,658 | |||||||
| ROC Securities Trust, Series 2021-RTL1, Class A2 (d) | 3.351 | % | 08/25/26 | 5,700,000 | 5,020,891 | |||||||||
| ROC Securities Trust, Series 2021-RTL1, Class M (d) | 5.682 | % | 08/25/26 | 6,745,000 | 5,926,532 | |||||||||
| Toorak Mortgage Corp., Series 2022-1, Class A2 (d) | 4.948 | % | 03/25/29 | 8,000,000 | 7,509,022 | |||||||||
| 86,138,910 | ||||||||||||||
| Retail - 2.9% | ||||||||||||||
| BB-UBS Trust, Series 2012-SHOW, Class A (d) | 3.430 | % | 11/05/36 | 5,000,000 | 4,666,015 | |||||||||
| BX Trust, Series 2021-VIEW, Class E (1* 1MO LIBOR + 360) (b)(d) | 6.418 | % | 06/15/36 | 5,840,500 | 5,370,349 | |||||||||
| BX Trust, Series 2018-EXCL, Class A (1* 1MO LIBOR + 109) (b)(d) | 3.480 | % | 09/15/37 | 1,105,650 | 1,082,199 | |||||||||
| BX Trust, Series 2018-EXCL, Class B (1* 1MO LIBOR + 133) (b)(d) | 3.717 | % | 09/15/37 | 525,000 | 512,806 | |||||||||
| BX Trust, Series 2018-EXCL, Class C (1* 1MO LIBOR + 198) (b)(d) | 4.370 | % | 09/15/37 | 11,486,678 | 11,040,373 | |||||||||
| Credit Suisse First Boston, Series 2018-SITE, Class C (b)(d) | 4.941 | % | 04/17/36 | 4,575,000 | 4,301,615 | |||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C (1* 1MO LIBOR + 180) (b)(d) | 4.618 | % | 02/15/40 | 2,318,006 | 2,162,251 | |||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D (1* 1MO LIBOR + 250) (b)(d) | 5.318 | % | 02/15/40 | 1,704,416 | 1,574,605 | |||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class E (1* 1MO LIBOR + 365) (b)(d) | 6.468 | % | 02/15/40 | 6,226,800 | 5,737,529 | |||||||||
| 36,447,742 | ||||||||||||||
| Single Family Rental - 3.0% | ||||||||||||||
| AMSR Trust, Series 2020-SFR2, Class G (d) | 4.000 | % | 07/17/37 | 500,000 | 454,607 | |||||||||
| Home Partners of America Trust, Series 2021-2, Class D (d) | 2.652 | % | 12/17/26 | 6,339,644 | 5,469,468 | |||||||||
| Progress Residential Trust, Series 2020-SFR1, Class A (d) | 1.732 | % | 04/17/37 | 6,993,218 | 6,476,571 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Single Family Rental - 3.0% (Continued) | ||||||||||||||
| Progress Residential Trust, Series 2021-SFR1, Class B (d) | 1.303 | % | 04/17/38 | $ | 3,000,000 | $ | 2,542,438 | |||||||
| Progress Residential Trust, Series 2021-SFR1, Class E (d) | 2.106 | % | 04/17/38 | 1,900,000 | 1,595,139 | |||||||||
| Progress Residential Trust, Series 2021-SFR4, Class A (d) | 1.558 | % | 05/19/38 | 4,250,000 | 3,726,309 | |||||||||
| Star Trust, Series 2021-SFR1, Class E (1* 1MO LIBOR + 170) (b)(d) | 4.694 | % | 04/17/38 | 18,300,000 | 17,311,566 | |||||||||
| 37,576,098 | ||||||||||||||
| Small Business - 4.9% | ||||||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class A (d) | 2.390 | % | 04/15/26 | 8,000,000 | 7,518,290 | |||||||||
| Credibility Asset Securitization, Series 2021-1A, Class C (d) | 3.380 | % | 04/15/26 | 3,650,000 | 3,313,973 | |||||||||
| Credibility Asset Securitization, Series 2021-1A, Class B (d) | 5.930 | % | 04/15/26 | 2,676,000 | 2,444,660 | |||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class A (d) | 2.620 | % | 05/15/27 | 11,000,000 | 9,938,861 | |||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class B (d) | 2.970 | % | 05/15/27 | 2,600,000 | 2,348,327 | |||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class C (d) | 3.850 | % | 05/15/27 | 3,000,000 | 2,702,346 | |||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class A (1* Prime - 55) (b)(d) | 5.700 | % | 02/25/44 | 770,776 | 760,581 | |||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class B (1* Prime + 75) (b)(d) | 7.000 | % | 02/25/44 | 1,695,707 | 1,675,671 | |||||||||
| Newtek Small Business Loan Trust, Series 2019-01, Class A (1* Prime - 90) (b)(d) | 5.350 | % | 12/25/44 | 2,038,989 | 2,018,024 | |||||||||
| Newtek Small Business Loan Trust, Series 2022-1, Class B (1* SOFR + 375) (b)(d) | 5.750 | % | 10/25/49 | 2,915,306 | 2,891,198 | |||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class B (d) | 2.280 | % | 05/17/27 | 3,500,000 | 3,164,765 | |||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class C (d) | 2.970 | % | 05/17/27 | 3,250,000 | 2,904,862 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Small Business - 4.9% (Continued) | ||||||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class D (d) | 4.940 | % | 05/17/27 | $ | 5,000,000 | $ | 4,454,691 | |||||||
| Small Business Lending Trust, Series 2019-A, Class D (d) | 6.300 | % | 07/15/26 | 4,235,456 | 4,230,763 | |||||||||
| Small Business Lending Trust, Series 2020-A, Class C (d) | 5.010 | % | 12/15/26 | 11,414,397 | 11,067,105 | |||||||||
| 61,434,117 | ||||||||||||||
| Student Loan - 0.9% | ||||||||||||||
| College Ave Student Loans, Series 2018-A, Class B (d) | 4.750 | % | 12/26/47 | 956,689 | 896,078 | |||||||||
| College Ave Student Loans, Series 2018-A, Class C (d) | 5.500 | % | 12/26/47 | 583,326 | 554,382 | |||||||||
| College Ave Student Loans, Series 2019-A, Class C (d) | 4.460 | % | 12/28/48 | 3,026,665 | 2,850,025 | |||||||||
| College Ave Student Loans, Series 2021-A, Class B (d) | 2.320 | % | 07/25/51 | 2,288,826 | 2,005,699 | |||||||||
| College Ave Student Loans, Series 2021-A, Class D (d) | 4.120 | % | 07/25/51 | 1,250,000 | 1,109,143 | |||||||||
| CommonBond Student Loan Trust, Series 2017-BGS, Class C (d) | 4.440 | % | 09/25/42 | 129,519 | 117,757 | |||||||||
| Earnest Student Loan Program, LLC, Series 2016-D, Class R (d)(e)(f) | 0.000 | % | 01/25/41 | 5,000 | 0 | |||||||||
| Laurel Road Prime Student Loan, Series 2019-A, Class BFX (d) | 3.000 | % | 10/25/48 | 1,842,378 | 1,711,553 | |||||||||
| Prodigy Finance, Series 2021-1A, Class A (1* 1MO LIBOR + 125) (b)(d) | 4.334 | % | 07/25/51 | 1,585,490 | 1,546,964 | |||||||||
| 10,791,601 | ||||||||||||||
| Unsecured Consumer - 13.7% | ||||||||||||||
| Affirm, Inc., Series 2022-Z1, Class A (d) | 4.550 | % | 06/15/27 | 5,251,880 | 5,149,935 | |||||||||
| Affirm, Inc., Series 2022-Z1, Class B (d) | 6.490 | % | 06/15/27 | 2,500,000 | 2,368,898 | |||||||||
| Avant Loans Funding Trust, Series 2021-REV1, Class C (d) | 2.300 | % | 07/15/30 | 10,750,000 | 9,622,006 | |||||||||
| Conn Funding II, LP, Series 2022-A, Class B (d) | 9.520 | % | 12/15/26 | 4,000,000 | 3,985,631 | |||||||||
| Freedom Financial Trust, Series 2021-3FP, Class C (d) | 1.600 | % | 11/20/28 | 5,300,000 | 5,022,134 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Unsecured Consumer - 13.7% (Continued) | ||||||||||||||
| Freedom Financial Trust, Series 2022-3FP, Class D (d) | 7.360 | % | 08/20/29 | $ | 8,500,000 | $ | 8,179,979 | |||||||
| LendingPoint Asset Securitization, Series 2022-C, Class D (d) | 10.730 | % | 02/15/30 | 4,920,000 | 4,656,199 | |||||||||
| Lendmark Funding Trust, Series 2020-2A, Class C (d) | 4.690 | % | 04/21/31 | 1,000,000 | 873,921 | |||||||||
| Liberty Lending Services, Series 2021-1A, Class C (d) | 3.540 | % | 05/15/29 | 6,700,000 | 6,002,464 | |||||||||
| LL ABS Trust, Series 2020-1, Class C (d) | 6.540 | % | 11/15/23 | 4,400,000 | 4,344,303 | |||||||||
| LL ABS Trust, Series 2021-1A, Class A (d) | 1.070 | % | 05/15/29 | 6,359,362 | 6,098,493 | |||||||||
| LL ABS Trust, Series 2021-1A, Class B (d) | 2.170 | % | 05/15/29 | 3,800,000 | 3,425,722 | |||||||||
| Mariner Finance Issuance Trust, Series 2019-A, Class C (d) | 4.010 | % | 07/20/32 | 2,120,000 | 1,981,681 | |||||||||
| Mariner Finance Issuance Trust, Series 2020-A, Class D (d) | 5.750 | % | 08/21/34 | 8,230,000 | 7,541,914 | |||||||||
| Mariner Finance Issuance Trust, Series 2021-AA, Class D (d) | 4.340 | % | 03/20/36 | 1,850,000 | 1,526,790 | |||||||||
| Oportun Funding XIII, LLC, Series 2019-13, Class B (d) | 3.870 | % | 08/08/25 | 1,256,969 | 1,246,168 | |||||||||
| Oportun Funding XIV, LLC, Series 2021-A, Class C (d) | 3.440 | % | 03/08/28 | 8,175,000 | 7,521,007 | |||||||||
| Oportun Funding, LLC, Series 2020-1, Class C (d) | 5.660 | % | 05/15/24 | 2,500,000 | 2,497,588 | |||||||||
| Oportun Funding, LLC, Series 2022-1, Class C (d) | 6.000 | % | 06/15/29 | 9,000,000 | 8,590,344 | |||||||||
| Oportun Funding, LLC, Series 2021-B, Class A (d) | 1.470 | % | 05/08/31 | 3,500,000 | 3,107,071 | |||||||||
| Oportun Funding, LLC, Series 2021-B, Class C (d) | 3.650 | % | 05/08/31 | 8,350,000 | 7,546,769 | |||||||||
| Oportun Funding, LLC, Series 2021-B, Class D (d) | 5.410 | % | 05/08/31 | 4,160,000 | 3,708,417 | |||||||||
| Oportun Funding, LLC, Series 2021-C, Class C (d) | 3.610 | % | 10/08/31 | 3,750,000 | 3,215,997 | |||||||||
| Oportun Funding, LLC, Series 2021-C, Class D (d) | 5.570 | % | 10/08/31 | 1,750,000 | 1,500,184 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Unsecured Consumer - 13.7% (Continued) | ||||||||||||||
| Opportunity Funding, LLC, Series 2022-A, Class C (d) | 7.400 | % | 06/09/31 | $ | 7,600,000 | $ | 7,234,353 | |||||||
| Opportunity Funding, LLC, Series 2022-A, Class D (d) | 8.500 | % | 06/09/31 | 1,500,000 | 1,281,933 | |||||||||
| Prosper Marketplace Issuance Trust, Series 2019-3A, Class CERT (b)(d) | 0.000 | % | 07/15/25 | 81,061,702 | 1,029,970 | |||||||||
| Regional Management Issuance Trust, Series 2020-1, Class A (d) | 2.340 | % | 10/15/30 | 2,000,000 | 1,847,529 | |||||||||
| Regional Management Issuance Trust, Series 2020-1, Class B (d) | 3.230 | % | 10/15/30 | 2,500,000 | 2,238,832 | |||||||||
| Regional Management Issuance Trust, Series 2021-1, Class B (d) | 2.420 | % | 03/17/31 | 895,000 | 764,091 | |||||||||
| Regional Management Issuance Trust, Series 2021-1, Class C (d) | 3.040 | % | 03/17/31 | 4,650,000 | 3,902,895 | |||||||||
| Regional Mortgage Issuance Trust, Series 2021-1, Class D (d) | 5.070 | % | 03/17/31 | 1,300,000 | 1,066,721 | |||||||||
| Upgrade Master Pass-Through Trust, Series 2019-ST1, Class A (d) | 4.000 | % | 07/15/25 | 202,932 | 200,000 | |||||||||
| Upgrade Master Pass-Through Trust, Series 2019-ST3, Class A (d) | 3.750 | % | 11/15/25 | 182,311 | 182,146 | |||||||||
| Upstart Pass-Through Trust, Series 2020-ST5, Class A (d) | 3.000 | % | 12/20/26 | 1,144,545 | 1,095,285 | |||||||||
| Upstart Pass-Through Trust, Series 2020-ST6, Class A (d) | 3.000 | % | 01/20/27 | 3,080,786 | 2,938,689 | |||||||||
| Upstart Pass-Through Trust, Series 2021-ST2, Class A (d) | 2.500 | % | 04/20/27 | 4,153,996 | 3,968,858 | |||||||||
| Upstart Pass-Through Trust, Series 2021-ST4, Class A (d) | 2.000 | % | 07/20/27 | 8,803,635 | 8,220,985 | |||||||||
| Upstart Pass-Through Trust, Series 2021-ST5, Class A (d) | 2.000 | % | 07/20/27 | 4,521,127 | 4,315,895 | |||||||||
| Upstart Pass-Through Trust, Series 2021-ST9, Class A (d) | 1.700 | % | 11/20/29 | 3,604,428 | 3,288,695 | |||||||||
| Upstart Pass-Through Trust, Series 2021-ST10, Class A (d) | 2.250 | % | 01/20/30 | 9,305,009 | 8,828,170 | |||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 87.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| Unsecured Consumer - 13.7% (Continued) | ||||||||||||||
| Upstart Pass-Through Trust, Series 2022-ST1, Class A (d) | 2.600 | % | 03/20/30 | $ | 3,131,790 | $ | 2,935,670 | |||||||
| Upstart Securitization Trust, Series 2021-ST1, Class A (d) | 2.750 | % | 02/20/27 | 1,263,630 | 1,205,616 | |||||||||
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A | 4.250 | % | 02/15/46 | 5,276,871 | 5,075,542 | |||||||||
| 171,335,490 | ||||||||||||||
| Total Securitized (Cost $1,163,859,264) | $ | 1,090,868,345 | ||||||||||||
| Treasury - 6.2% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||
| U.S. Treasury Inflation-Protected Notes | 0.125 | % | 01/15/23 | $ | 5,102,191 | $ | 5,051,169 | |||||||
| U.S. Treasury Notes | 0.125 | % | 10/15/23 | 10,000,000 | 9,578,906 | |||||||||
| U.S. Treasury Notes | 2.750 | % | 11/15/23 | 10,000,000 | 9,826,953 | |||||||||
| U.S. Treasury Notes | 2.625 | % | 12/31/23 | 10,000,000 | 9,795,703 | |||||||||
| U.S. Treasury Notes | 1.750 | % | 06/30/24 | 15,000,000 | 14,361,328 | |||||||||
| U.S. Treasury Notes | 0.375 | % | 09/15/24 | 10,000,000 | 9,276,953 | |||||||||
| U.S. Treasury Notes | 0.625 | % | 10/15/24 | 10,000,000 | 9,296,094 | |||||||||
| U.S. Treasury Notes | 0.750 | % | 11/15/24 | 10,000,000 | 9,292,188 | |||||||||
| Total Treasury (Cost $80,693,413) | $ | 76,479,294 | ||||||||||||
Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Registered Investment Companies - 1.6% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 2.90% (g) | 955,324 | $ | 955,324 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (g)(h) | 18,626,500 | 18,626,500 | ||||||
| Total Registered Investment Companies (Cost $19,580,390) | $ | 19,581,824 | ||||||
| Total Investment Securities - 101.6% (Cost $1,349,071,605) | $ | 1,267,003,195 | ||||||
| Liabilities in Excess of Other Assets - (1.6)% | (19,582,477 | ) | ||||||
| Net Assets - 100.0% | $ | 1,247,420,718 | ||||||
| (a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $18,159,104. |
| (b) | Variable rate security. The rate shown is the effective interest rate as of September 30, 2022. 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. |
| (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 9/30/2022 was $1,083,103,510, representing 86.8% 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, 2022 was $31,152,974, representing 2.5% of net assets. |
| (f) | Security is fair valued under procedures established by the Board of Trustees. This security has received its final distribution and is valued at $0, which represents 0.0% of net assets. |
| (g) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (h) | This security was purchased using cash collateral held from securities on loan. |
| IO - | Interest Only |
| LIBOR - | London Interbank Offered Rate |
| 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 Secured Overnight Financing Rate |
Diamond Hill Core Bond Fund
Schedule of Investments
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.0% | ||||||||||||||||
| American Express Co. | 3.375 | % | 05/03/24 | $ | 400,000 | $ | 390,034 | |||||||||
| American Express Co. | 3.950 | % | 08/01/25 | 525,000 | 508,493 | |||||||||||
| Bank of America Corp. | 1.486 | % | 05/19/24 | 655,000 | 638,878 | |||||||||||
| Bank of America Corp. (1* 3MO LIBOR + 97) (a) | 3.458 | % | 03/15/25 | 975,000 | 944,178 | |||||||||||
| Bank of America Corp. (1* 3MO LIBOR + 64) (a) | 2.015 | % | 02/13/26 | 400,000 | 366,673 | |||||||||||
| Bank of America Corp. (1* SOFR + 115) (a) | 1.319 | % | 06/19/26 | 150,000 | 133,140 | |||||||||||
| Bank of America Corp. (1* 3MO LIBOR + 158) (a)(b) | 3.824 | % | 01/20/28 | 100,000 | 92,044 | |||||||||||
| Bank of America Corp. | 4.948 | % | 07/22/28 | 175,000 | 168,146 | |||||||||||
| Bank of America Corp. (1* 3MO LIBOR + 104) (a) | 3.419 | % | 12/20/28 | 750,000 | 665,547 | |||||||||||
| Bank of America Corp. (1* SOFR + 215) (a) | 2.592 | % | 04/29/31 | 450,000 | 356,877 | |||||||||||
| Bank of America Corp. | 4.571 | % | 04/27/33 | 700,000 | 626,981 | |||||||||||
| Bank of Montreal France | 0.949 | % | 01/22/27 | 630,000 | 545,010 | |||||||||||
| Bank of Nova Scotia (b) | 3.450 | % | 04/11/25 | 200,000 | 191,560 | |||||||||||
| Bank of NY Mellon Corp. | 2.050 | % | 01/26/27 | 650,000 | 576,618 | |||||||||||
| Capital One Financial Corp. | 1.878 | % | 11/02/27 | 1,000,000 | 849,135 | |||||||||||
| Citigroup, Inc. (1* 3MO LIBOR + 90) (a) | 3.352 | % | 04/24/25 | 200,000 | 192,873 | |||||||||||
| Citigroup, Inc. | 3.300 | % | 04/27/25 | 100,000 | 95,218 | |||||||||||
| Citigroup, Inc. | 0.981 | % | 05/01/25 | 500,000 | 463,271 | |||||||||||
| Citigroup, Inc. (1* 3MO LIBOR + 125) (a) | 3.527 | % | 07/01/26 | 100,000 | 99,526 | |||||||||||
| Citigroup, Inc. | 5.610 | % | 09/29/26 | 700,000 | 696,138 | |||||||||||
| Citigroup, Inc. (1* 3MO LIBOR + 156) (a) | 3.887 | % | 01/10/28 | 900,000 | 828,371 | |||||||||||
| Citigroup, Inc. | 3.070 | % | 02/24/28 | 800,000 | 713,000 | |||||||||||
| Citigroup, Inc. (b) | 4.125 | % | 07/25/28 | 150,000 | 135,316 | |||||||||||
| Citigroup, Inc. (1* SOFR + 142) (a) | 2.976 | % | 11/05/30 | 180,000 | 147,900 | |||||||||||
| Citizens Bank | 4.575 | % | 08/09/28 | 500,000 | 476,124 | |||||||||||
| Citizens Financial Group (b) | 2.850 | % | 07/27/26 | 225,000 | 206,060 | |||||||||||
| Comerica Bank, Series BKNT (b) | 2.500 | % | 07/23/24 | 250,000 | 239,530 | |||||||||||
| Cooperative Rabobank UA (c) | 2.625 | % | 07/22/24 | 250,000 | 238,892 | |||||||||||
| Discover Bank | 4.650 | % | 09/13/28 | 700,000 | 635,244 | |||||||||||
| Discover Bank | 2.700 | % | 02/06/30 | 250,000 | 196,256 | |||||||||||
| Discover Financial Services | 4.100 | % | 02/09/27 | 100,000 | 91,942 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.0% (Continued) | ||||||||||||||||
| Fifth Third Bancorp | 2.375 | % | 01/28/25 | $ | 275,000 | $ | 256,902 | |||||||||
| Fifth Third Bancorp | 1.707 | % | 11/01/27 | 450,000 | 389,314 | |||||||||||
| First Horizon Bank | 5.750 | % | 05/01/30 | 250,000 | 242,530 | |||||||||||
| Goldman Sachs Group, Inc. | 0.657 | % | 09/10/24 | 375,000 | 356,964 | |||||||||||
| Goldman Sachs Group, Inc. | 3.500 | % | 01/23/25 | 405,000 | 389,187 | |||||||||||
| Goldman Sachs Group, Inc. | 3.500 | % | 04/01/25 | 250,000 | 238,801 | |||||||||||
| Goldman Sachs Group, Inc. | 3.500 | % | 11/16/26 | 350,000 | 323,459 | |||||||||||
| Goldman Sachs Group, Inc. (1* SOFR + 79) (a) | 1.093 | % | 12/09/26 | 250,000 | 215,731 | |||||||||||
| Goldman Sachs Group, Inc. | 3.800 | % | 03/15/30 | 500,000 | 433,531 | |||||||||||
| Goldman Sachs Group, Inc. (1* SOFR + 128) (a) | 2.615 | % | 04/22/32 | 2,100,000 | 1,627,769 | |||||||||||
| Huntington Bancshares, Inc. | 2.625 | % | 08/06/24 | 125,000 | 119,409 | |||||||||||
| Huntington Bancshares, Inc. | 4.443 | % | 08/04/28 | 750,000 | 708,160 | |||||||||||
| Huntington Bancshares, Inc. | 5.023 | % | 05/17/33 | 400,000 | 370,623 | |||||||||||
| JPMorgan Chase & Co. | 2.595 | % | 02/24/26 | 200,000 | 186,056 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 80) (a)(b) | 1.045 | % | 11/19/26 | 500,000 | 432,467 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 89) (a) | 1.578 | % | 04/22/27 | 400,000 | 345,322 | |||||||||||
| JPMorgan Chase & Co. | 1.470 | % | 09/22/27 | 1,200,000 | 1,014,727 | |||||||||||
| JPMorgan Chase & Co. (1* 3MO LIBOR + 134) (a) | 3.782 | % | 02/01/28 | 100,000 | 91,683 | |||||||||||
| JPMorgan Chase & Co. (1* 3MO LIBOR + 95) (a) | 3.509 | % | 01/23/29 | 425,000 | 375,943 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 151) (a) | 2.739 | % | 10/15/30 | 450,000 | 365,890 | |||||||||||
| JPMorgan Chase & Co. (1* SOFR + 204) (a)(b) | 2.522 | % | 04/22/31 | 750,000 | 592,846 | |||||||||||
| JPMorgan Chase & Co. | 2.545 | % | 11/08/32 | 475,000 | 360,437 | |||||||||||
| KeyBank NA (1* SOFR + 34) (a) | 0.423 | % | 01/03/24 | 500,000 | 493,914 | |||||||||||
| KeyBank NA | 4.150 | % | 08/08/25 | 250,000 | 242,323 | |||||||||||
| KeyCorp | 2.550 | % | 10/01/29 | 385,000 | 314,601 | |||||||||||
| KeyCorp | 4.789 | % | 06/01/33 | 300,000 | 275,000 | |||||||||||
| Morgan Stanley (1* SOFR + 46) (a) | 0.529 | % | 01/25/24 | 500,000 | 491,851 | |||||||||||
| Morgan Stanley (1* 3MO LIBOR + 85) (a) | 3.737 | % | 04/24/24 | 100,000 | 98,951 | |||||||||||
| Morgan Stanley | 3.620 | % | 04/17/25 | 100,000 | 97,116 | |||||||||||
| Morgan Stanley | 3.875 | % | 01/27/26 | 500,000 | 476,938 | |||||||||||
| Morgan Stanley (b) | 3.125 | % | 07/27/26 | 100,000 | 92,081 | |||||||||||
| Morgan Stanley | 3.625 | % | 01/20/27 | 100,000 | 93,022 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Banking - 6.0% (Continued) | ||||||||||||||||
| Morgan Stanley, Series GMTN (1* SOFR + 114) (a) | 2.699 | % | 01/22/31 | $ | 175,000 | $ | 141,885 | |||||||||
| Morgan Stanley (1* SOFR + 103) (a) | 1.794 | % | 02/13/32 | 1,000,000 | 730,821 | |||||||||||
| Morgan Stanley (b) | 4.889 | % | 07/20/33 | 500,000 | 463,281 | |||||||||||
| PNC Bank NA (b) | 2.700 | % | 10/22/29 | 250,000 | 205,496 | |||||||||||
| PNC Financial Services Group, Inc. (b) | 2.600 | % | 07/23/26 | 250,000 | 228,045 | |||||||||||
| Regions Financial Corp. (b) | 2.250 | % | 05/18/25 | 275,000 | 254,695 | |||||||||||
| Royal Bank of Canada (b) | 1.150 | % | 06/10/25 | 365,000 | 329,369 | |||||||||||
| Royal Bank of Canada (b) | 1.150 | % | 07/14/26 | 200,000 | 172,428 | |||||||||||
| Royal Bank of Canada | 3.875 | % | 05/04/32 | 300,000 | 264,253 | |||||||||||
| State Street Corp. (1* SOFR + 94) (a) | 2.354 | % | 11/01/25 | 175,000 | 165,409 | |||||||||||
| State Street Corp. | 4.421 | % | 05/13/33 | 200,000 | 184,527 | |||||||||||
| State Street Corp. (a) | 4.164 | % | 08/04/33 | 100,000 | 90,228 | |||||||||||
| Toronto-Dominion Bank (The) (b) | 0.750 | % | 01/06/26 | 350,000 | 303,681 | |||||||||||
| Toronto-Dominion Bank (The) | 1.200 | % | 06/03/26 | 200,000 | 173,533 | |||||||||||
| Toronto-Dominion Bank (The) (b) | 3.200 | % | 03/10/32 | 236,000 | 193,400 | |||||||||||
| Truist Financial Corp. (b) | 2.150 | % | 12/06/24 | 250,000 | 235,240 | |||||||||||
| Truist Financial Corp. (b) | 1.887 | % | 06/07/29 | 1,000,000 | 818,094 | |||||||||||
| US Bancorp | 2.400 | % | 07/30/24 | 100,000 | 95,926 | |||||||||||
| US Bancorp (b) | 2.215 | % | 01/27/28 | 800,000 | 704,642 | |||||||||||
| US Bancorp | 4.548 | % | 07/22/28 | 300,000 | 289,097 | |||||||||||
| Wells Fargo & Co. | 3.550 | % | 09/29/25 | 925,000 | 879,659 | |||||||||||
| Wells Fargo & Co. | 3.908 | % | 04/25/26 | 625,000 | 597,480 | |||||||||||
| Wells Fargo & Co. (1* SOFR + 200) (a) | 2.188 | % | 04/30/26 | 500,000 | 456,636 | |||||||||||
| Wells Fargo & Co. (1* SOFR + 210) (a) | 2.393 | % | 06/02/28 | 650,000 | 557,439 | |||||||||||
| Wells Fargo & Co. (b) | 3.350 | % | 03/02/33 | 250,000 | 202,742 | |||||||||||
| 33,360,529 | ||||||||||||||||
| Basic Industry - 0.3% | ||||||||||||||||
| FMC Corp. | 3.450 | % | 10/01/29 | 300,000 | 257,614 | |||||||||||
| Nucor Corp., CV | 2.000 | % | 06/01/25 | 250,000 | 230,750 | |||||||||||
| Nucor Corp. | 3.125 | % | 04/01/32 | 250,000 | 204,075 | |||||||||||
| PPG Industries, Inc. (b) | 2.400 | % | 08/15/24 | 110,000 | 105,656 | |||||||||||
| PPG Industries, Inc. (b) | 2.550 | % | 06/15/30 | 300,000 | 247,477 | |||||||||||
| Sherwin-Williams Co. | 4.050 | % | 08/08/24 | 350,000 | 344,173 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Basic Industry - 0.3% (Continued) | ||||||||||||||||
| Sherwin-Williams Co. | 2.300 | % | 05/15/30 | $ | 250,000 | $ | 199,682 | |||||||||
| 1,589,427 | ||||||||||||||||
| Brokerage Asset Managers Exchanges - 0.4% | ||||||||||||||||
| Ameriprise Financial, Inc. (b) | 3.000 | % | 04/02/25 | 250,000 | 238,713 | |||||||||||
| Ameriprise Financial, Inc. | 4.500 | % | 05/13/32 | 400,000 | 376,403 | |||||||||||
| CBOE Holdings, Inc. | 3.650 | % | 01/12/27 | 100,000 | 94,450 | |||||||||||
| Charles Schwab Corp. (The) | 0.900 | % | 03/11/26 | 500,000 | 436,697 | |||||||||||
| Intercontinental Exchange, Inc. | 4.950 | % | 06/15/52 | 875,000 | 772,389 | |||||||||||
| 1,918,652 | ||||||||||||||||
| Capital Goods - 0.3% | ||||||||||||||||
| Carrier Global Corp. | 2.700 | % | 02/15/31 | 250,000 | 200,978 | |||||||||||
| General Electric Capital Corp. (b) | 6.750 | % | 03/15/32 | 162,000 | 175,037 | |||||||||||
| John Deere Capital Corp. | 4.350 | % | 09/15/32 | 400,000 | 380,140 | |||||||||||
| Johnson Controls International plc (b) | 2.000 | % | 09/16/31 | 500,000 | 377,426 | |||||||||||
| L3 Harris Technologies, Inc. | 3.850 | % | 12/15/26 | 50,000 | 47,211 | |||||||||||
| Lennox International, Inc. | 3.000 | % | 11/15/23 | 100,000 | 97,792 | |||||||||||
| Republic Services, Inc. | 2.500 | % | 08/15/24 | 200,000 | 190,951 | |||||||||||
| Waste Management, Inc. | 1.150 | % | 03/15/28 | 300,000 | 246,000 | |||||||||||
| 1,715,535 | ||||||||||||||||
| Communications - 1.3% | ||||||||||||||||
| American Tower Corp. | 1.450 | % | 09/15/26 | 300,000 | 255,747 | |||||||||||
| American Tower Corp. | 3.800 | % | 08/15/29 | 100,000 | 87,722 | |||||||||||
| American Tower Corp. | 2.100 | % | 06/15/30 | 100,000 | 76,599 | |||||||||||
| AT&T, Inc. | 2.300 | % | 06/01/27 | 650,000 | 568,112 | |||||||||||
| AT&T, Inc. | 2.550 | % | 12/01/33 | 114,000 | 84,399 | |||||||||||
| AT&T, Inc. | 4.500 | % | 05/15/35 | 100,000 | 86,607 | |||||||||||
| AT&T, Inc. | 4.300 | % | 12/15/42 | 500,000 | 393,790 | |||||||||||
| British Telecommunications plc (c) | 3.250 | % | 11/08/29 | 275,000 | 224,346 | |||||||||||
| Comcast Corp. | 2.650 | % | 02/01/30 | 100,000 | 83,830 | |||||||||||
| Comcast Corp. | 1.950 | % | 01/15/31 | 1,025,000 | 796,718 | |||||||||||
| Comcast Corp. | 3.969 | % | 11/01/47 | 144,000 | 110,103 | |||||||||||
| Deutsche Telekom International Finance BV (c) | 4.750 | % | 06/21/38 | 100,000 | 86,803 | |||||||||||
| Magallanes, Inc. (c) | 4.054 | % | 03/15/29 | 300,000 | 259,106 | |||||||||||
| Netflix, Inc., Class B | 6.375 | % | 05/15/29 | 350,000 | 347,469 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Communications - 1.3% (Continued) | ||||||||||||||||
| T Mobile USA, Inc. | 5.650 | % | 01/15/53 | $ | 400,000 | $ | 377,846 | |||||||||
| T-Mobile USA, Inc. | 4.750 | % | 02/01/28 | 600,000 | 566,406 | |||||||||||
| Twenty-First Century Fox, Inc. | 4.030 | % | 01/25/24 | 50,000 | 49,382 | |||||||||||
| Verizon Communications, Inc. (1* 3MO LIBOR + 110) (a) | 4.005 | % | 05/15/25 | 100,000 | 100,511 | |||||||||||
| Verizon Communications, Inc. | 4.125 | % | 03/16/27 | 100,000 | 95,502 | |||||||||||
| Verizon Communications, Inc. | 3.000 | % | 03/22/27 | 120,000 | 109,118 | |||||||||||
| Verizon Communications, Inc. | 1.750 | % | 01/20/31 | 500,000 | 374,982 | |||||||||||
| Verizon Communications, Inc. (b) | 2.355 | % | 03/15/32 | 1,237,000 | 948,564 | |||||||||||
| Verizon Communications, Inc. | 4.500 | % | 08/10/33 | 550,000 | 495,372 | |||||||||||
| Walt Disney Co. (The) | 1.750 | % | 08/30/24 | 175,000 | 165,507 | |||||||||||
| Walt Disney Co. (The) | 2.000 | % | 09/01/29 | 550,000 | 449,489 | |||||||||||
| Walt Disney Co. (The) (b) | 3.800 | % | 03/22/30 | 100,000 | 90,923 | |||||||||||
| 7,284,953 | ||||||||||||||||
| Consumer Cyclical - 1.2% | ||||||||||||||||
| Amazon.com, Inc. (b) | 3.450 | % | 04/13/29 | 675,000 | 624,157 | |||||||||||
| BMW US Capital, LLC (b)(c) | 3.900 | % | 04/09/25 | 300,000 | 291,099 | |||||||||||
| CVS Health Corp. | 3.750 | % | 04/01/30 | 500,000 | 444,622 | |||||||||||
| CVS Health Corp. | 5.050 | % | 03/25/48 | 250,000 | 220,166 | |||||||||||
| Daimler Finance, LLC (c) | 1.750 | % | 03/10/23 | 275,000 | 271,452 | |||||||||||
| Expedia Group, Inc. | 3.250 | % | 02/15/30 | 500,000 | 405,505 | |||||||||||
| Ford Motor Co. (b) | 4.346 | % | 12/08/26 | 100,000 | 91,769 | |||||||||||
| General Motors Co. | 5.600 | % | 10/15/32 | 750,000 | 669,485 | |||||||||||
| Home Depot, Inc. | 4.500 | % | 09/15/32 | 400,000 | 382,330 | |||||||||||
| Honda Motor Co. (b) | 2.534 | % | 03/10/27 | 200,000 | 180,868 | |||||||||||
| Lowes Cos., Inc. (b) | 2.625 | % | 04/01/31 | 950,000 | 763,765 | |||||||||||
| Lowes Cos., Inc. | 5.500 | % | 10/15/35 | 600,000 | 574,679 | |||||||||||
| Ross Stores, Inc. (b) | 1.875 | % | 04/15/31 | 400,000 | 298,172 | |||||||||||
| Toyota Motor Credit Corp. | 0.500 | % | 06/18/24 | 500,000 | 465,882 | |||||||||||
| Toyota Motor Credit Corp. | 0.800 | % | 01/09/26 | 300,000 | 264,146 | |||||||||||
| Toyota Motor Credit Corp. (b) | 4.450 | % | 06/29/29 | 300,000 | 289,440 | |||||||||||
| Walgreens Boots Alliance, Inc. (b) | 3.200 | % | 04/15/30 | 250,000 | 209,723 | |||||||||||
| Walmart, Inc. | 4.150 | % | 09/09/32 | 400,000 | 383,158 | |||||||||||
| 6,830,418 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Consumer Non-Cyclical - 1.2% | ||||||||||||||||
| Abbott Laboratories (b) | 4.750 | % | 11/30/36 | $ | 100,000 | $ | 97,537 | |||||||||
| AbbVie, Inc. | 3.600 | % | 05/14/25 | 500,000 | 479,935 | |||||||||||
| AbbVie, Inc. | 2.950 | % | 11/21/26 | 335,000 | 306,913 | |||||||||||
| AbbVie, Inc. | 3.200 | % | 11/21/29 | 750,000 | 656,605 | |||||||||||
| AbbVie, Inc. | 4.550 | % | 03/15/35 | 100,000 | 89,709 | |||||||||||
| Amgen, Inc. (b) | 1.900 | % | 02/21/25 | 310,000 | 289,016 | |||||||||||
| Amgen, Inc. (b) | 3.000 | % | 02/22/29 | 500,000 | 437,251 | |||||||||||
| Amgen, Inc. | 4.200 | % | 03/01/33 | 400,000 | 362,257 | |||||||||||
| Anheuser-Busch Cos., LLC | 4.700 | % | 02/01/36 | 900,000 | 811,118 | |||||||||||
| Anheuser-Busch InBev SA/NV | 3.500 | % | 06/01/30 | 300,000 | 267,800 | |||||||||||
| Baxter International, Inc. | 1.915 | % | 02/01/27 | 300,000 | 261,049 | |||||||||||
| Bristol-Myers Squibb Co. (b) | 2.950 | % | 03/15/32 | 300,000 | 256,292 | |||||||||||
| Constellation Brands, Inc. | 3.150 | % | 08/01/29 | 525,000 | 451,000 | |||||||||||
| Kroger Co. (The) (b) | 2.650 | % | 10/15/26 | 100,000 | 91,075 | |||||||||||
| Kroger Co. (The) (b) | 2.200 | % | 05/01/30 | 125,000 | 99,469 | |||||||||||
| Kroger Co. (The) | 1.700 | % | 01/15/31 | 550,000 | 412,841 | |||||||||||
| Laboratory Corp. of American Holdings | 1.550 | % | 06/01/26 | 375,000 | 328,548 | |||||||||||
| Mondelez International, Inc. (c) | 1.250 | % | 09/24/26 | 300,000 | 257,177 | |||||||||||
| Mondelez International, Inc. (b) | 3.000 | % | 03/17/32 | 300,000 | 246,406 | |||||||||||
| Zoetics, Inc., Series 4006 (b) | 2.000 | % | 05/15/30 | 525,000 | 416,962 | |||||||||||
| 6,618,960 | ||||||||||||||||
| Electric - 1.4% | ||||||||||||||||
| Ameren Corp. | 2.500 | % | 09/15/24 | 130,000 | 123,390 | |||||||||||
| American Electric Power, Inc. (b) | 1.000 | % | 11/01/25 | 500,000 | 438,050 | |||||||||||
| CMS Energy Corp. | 2.950 | % | 02/15/27 | 100,000 | 90,179 | |||||||||||
| Dominion Energy, Inc. | 1.450 | % | 04/15/26 | 750,000 | 658,526 | |||||||||||
| DTE Energy Co., Series C (b) | 2.529 | % | 10/01/24 | 150,000 | 142,504 | |||||||||||
| DTE Energy Co., Series E | 2.850 | % | 10/01/26 | 100,000 | 91,121 | |||||||||||
| DTE Energy Co., Series H | 2.950 | % | 03/01/30 | 125,000 | 104,697 | |||||||||||
| Duke Energy Corp. | 4.300 | % | 03/15/28 | 825,000 | 776,588 | |||||||||||
| Duke Energy Indiana, LLC (b) | 2.750 | % | 04/01/50 | 370,000 | 229,748 | |||||||||||
| Duke Energy Progress, Inc. (b) | 2.000 | % | 08/15/31 | 600,000 | 463,755 | |||||||||||
| Georgia Power Co., Series 2020-A | 2.100 | % | 07/30/23 | 230,000 | 224,928 | |||||||||||
| MidAmerican Energy Co. | 3.650 | % | 04/15/29 | 350,000 | 322,713 | |||||||||||
| NextEra Energy Cap Holdings, Inc. | 4.625 | % | 07/15/27 | 1,535,000 | 1,483,567 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Electric - 1.4% (Continued) | ||||||||||||||||
| Northern States Power Co. of Wisconsin (b) | 2.250 | % | 04/01/31 | $ | 500,000 | $ | 408,292 | |||||||||
| Oncor Electric Delivery Co., LLC | 3.750 | % | 04/01/45 | 490,000 | 382,490 | |||||||||||
| PECO Energy Co. | 3.000 | % | 09/15/49 | 200,000 | 131,913 | |||||||||||
| PPL Electric Utilities Corp. | 3.000 | % | 10/01/49 | 160,000 | 106,839 | |||||||||||
| Public Service Co. of Colorado | 4.500 | % | 06/01/52 | 400,000 | 346,579 | |||||||||||
| Public Service Electric & Gas Co. (b) | 2.250 | % | 09/15/26 | 100,000 | 90,308 | |||||||||||
| Southwestern Electric Power Co. | 2.750 | % | 10/01/26 | 100,000 | 90,548 | |||||||||||
| WEC Energy Group, Inc. | 0.800 | % | 03/15/24 | 700,000 | 658,773 | |||||||||||
| Wisconsin Power & Light Co. (b) | 1.950 | % | 09/16/31 | 800,000 | 625,582 | |||||||||||
| 7,991,090 | ||||||||||||||||
| Energy - 0.4% | ||||||||||||||||
| Coterra Energy, Inc. (c) | 3.900 | % | 05/15/27 | 100,000 | 92,663 | |||||||||||
| Diamondback Energy, Inc. | 3.250 | % | 12/01/26 | 200,000 | 184,446 | |||||||||||
| Energy Transfer Operating LP | 4.500 | % | 04/15/24 | 75,000 | 73,819 | |||||||||||
| Exxon Mobil Corp. | 2.992 | % | 03/19/25 | 240,000 | 230,192 | |||||||||||
| Helmerich & Payne, Inc. | 2.900 | % | 09/29/31 | 650,000 | 509,882 | |||||||||||
| Phillips 66 | 3.700 | % | 04/06/23 | 250,000 | 249,160 | |||||||||||
| Phillips 66 (c) | 2.450 | % | 12/15/24 | 100,000 | 94,170 | |||||||||||
| Phillips 66 (c) | 3.550 | % | 10/01/26 | 100,000 | 93,226 | |||||||||||
| Royal Dutch Shell plc (b) | 2.375 | % | 11/07/29 | 645,000 | 540,565 | |||||||||||
| Shell International Finance BV | 6.375 | % | 12/15/38 | 73,000 | 77,283 | |||||||||||
| Total Capital International SA | 2.829 | % | 01/10/30 | 120,000 | 103,299 | |||||||||||
| 2,248,705 | ||||||||||||||||
| Insurance - 1.7% | ||||||||||||||||
| Athene Global Funding (c) | 2.500 | % | 01/14/25 | 225,000 | 209,848 | |||||||||||
| Berkshire Hathaway Financial Corp. | 4.400 | % | 05/15/42 | 135,000 | 118,671 | |||||||||||
| Equitable Financial Life (b)(c) | 1.800 | % | 03/08/28 | 609,000 | 508,723 | |||||||||||
| Lincoln National Corp. | 3.625 | % | 12/12/26 | 100,000 | 93,936 | |||||||||||
| MassMutual Global Funding (c) | 1.200 | % | 07/16/26 | 400,000 | 347,401 | |||||||||||
| MassMutual Global Funding (c) | 2.150 | % | 03/09/31 | 500,000 | 397,028 | |||||||||||
| MassMutual Glocal Funding (c) | 4.150 | % | 08/26/25 | 500,000 | 486,957 | |||||||||||
| Met Life Global Funding I (c) | 4.300 | % | 08/25/29 | 1,000,000 | 931,299 | |||||||||||
| Met Life Global Funding I (b)(c) | 1.550 | % | 01/07/31 | 900,000 | 678,253 | |||||||||||
| Met Tower Global Funding (c) | 3.700 | % | 06/13/25 | 350,000 | 337,440 | |||||||||||
| New York Life Global Funding (c) | 2.900 | % | 01/17/24 | 100,000 | 97,724 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Insurance - 1.7% (Continued) | ||||||||||||||||
| New York Life Global Funding (c) | 2.350 | % | 07/14/26 | $ | 50,000 | $ | 45,533 | |||||||||
| New York Life Global Funding (b)(c) | 1.200 | % | 08/07/30 | 1,250,000 | 932,883 | |||||||||||
| Northwestern Mutual Global Funding (c) | 4.000 | % | 07/01/25 | 400,000 | 389,608 | |||||||||||
| Northwestern Mutual Global Funding (c) | 4.350 | % | 09/15/27 | 400,000 | 386,215 | |||||||||||
| Pacific Life Global Fund II (c) | 1.450 | % | 01/20/28 | 500,000 | 407,133 | |||||||||||
| Pricoa Global Funding (c) | 3.450 | % | 09/01/23 | 160,000 | 158,184 | |||||||||||
| Principal Life Global Funding II (c) | 1.250 | % | 06/23/25 | 525,000 | 471,618 | |||||||||||
| Principal Life Global Funding II (c) | 0.875 | % | 01/12/26 | 500,000 | 434,595 | |||||||||||
| Progressive Corp. | 3.200 | % | 03/26/30 | 240,000 | 210,849 | |||||||||||
| Protective Life Global Funding (c) | 1.900 | % | 07/05/28 | 650,000 | 530,086 | |||||||||||
| Protective Life Global Funding (b)(c) | 1.737 | % | 09/21/30 | 1,100,000 | 831,445 | |||||||||||
| UnitedHealth Group, Inc. (b) | 4.750 | % | 05/15/52 | 400,000 | 357,764 | |||||||||||
| 9,363,193 | ||||||||||||||||
| Natural Gas - 0.1% | ||||||||||||||||
| Atmos Energy Corp. | 2.625 | % | 09/15/29 | 310,000 | 264,230 | |||||||||||
| Atmos Energy Corp. | 5.750 | % | 10/15/52 | 500,000 | 499,026 | |||||||||||
| 763,256 | ||||||||||||||||
| Other Utility - 0.2% | ||||||||||||||||
| American Water Capital Corp. | 2.800 | % | 05/01/30 | 300,000 | 253,518 | |||||||||||
| American Water Capital Corp. (b) | 2.300 | % | 06/01/31 | 825,000 | 653,938 | |||||||||||
| 907,456 | ||||||||||||||||
| REITS - 0.7% | ||||||||||||||||
| Alexandria Real Estate Equities, Inc. (b) | 3.950 | % | 01/15/28 | 100,000 | 92,337 | |||||||||||
| American Homes 4 Rent | 4.250 | % | 02/15/28 | 100,000 | 92,078 | |||||||||||
| Boston Properties LP (b) | 2.750 | % | 10/01/26 | 50,000 | 44,958 | |||||||||||
| CubeSmart LP | 2.250 | % | 12/15/28 | 1,600,000 | 1,299,049 | |||||||||||
| ERP Operating LP | 2.850 | % | 11/01/26 | 100,000 | 91,212 | |||||||||||
| ERP Operating LP | 2.500 | % | 02/15/30 | 150,000 | 123,430 | |||||||||||
| Life Storage LP | 3.875 | % | 12/15/27 | 100,000 | 90,993 | |||||||||||
| Public Storage (b) | 1.850 | % | 05/01/28 | 800,000 | 674,163 | |||||||||||
| Realty Income Corp. (b) | 3.875 | % | 04/15/25 | 100,000 | 97,249 | |||||||||||
| Realty Income Corp. | 0.750 | % | 03/15/26 | 625,000 | 537,802 | |||||||||||
| Realty Income Corp. | 3.000 | % | 01/15/27 | 100,000 | 90,935 | |||||||||||
| Spirit Realty LP | 4.450 | % | 09/15/26 | 100,000 | 95,283 | |||||||||||
| Spirit Realty LP | 2.100 | % | 03/15/28 | 250,000 | 198,652 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| REITS - 0.7% (Continued) | ||||||||||||||||
| Spirit Realty LP | 4.000 | % | 07/15/29 | $ | 60,000 | $ | 51,659 | |||||||||
| Spirit Realty LP | 3.200 | % | 02/15/31 | 250,000 | 194,791 | |||||||||||
| 3,774,591 | ||||||||||||||||
| Technology - 0.5% | ||||||||||||||||
| Apple, Inc. | 2.200 | % | 09/11/29 | 250,000 | 212,968 | |||||||||||
| Apple, Inc. (b) | 1.650 | % | 05/11/30 | 300,000 | 241,510 | |||||||||||
| Apple, Inc. | 4.100 | % | 08/08/62 | 425,000 | 348,406 | |||||||||||
| Dell International LLC / EMC Corp. | 5.300 | % | 10/01/29 | 100,000 | 93,174 | |||||||||||
| Fidelity National Information Services (b) | 1.650 | % | 03/01/28 | 300,000 | 246,407 | |||||||||||
| HP, Inc. (b) | 4.200 | % | 04/15/32 | 400,000 | 325,061 | |||||||||||
| Oracle Corp. (b) | 3.250 | % | 05/15/30 | 500,000 | 413,474 | |||||||||||
| Oracle Corp. (b) | 2.875 | % | 03/25/31 | 500,000 | 394,333 | |||||||||||
| Visa, Inc. (b) | 3.150 | % | 12/14/25 | 800,000 | 763,760 | |||||||||||
| 3,039,093 | ||||||||||||||||
| Transportation - 0.7% | ||||||||||||||||
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A (c) | 4.800 | % | 08/15/27 | 126,484 | 119,406 | |||||||||||
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200 | % | 12/15/29 | 333,900 | 290,343 | |||||||||||
| Burlington North Santa Fe, LLC | 5.050 | % | 03/01/41 | 500,000 | 468,877 | |||||||||||
| CSX Corp. | 4.250 | % | 11/01/66 | 100,000 | 76,000 | |||||||||||
| FedEx Corp. (b) | 2.400 | % | 05/15/31 | 500,000 | 389,475 | |||||||||||
| FedEx Corp., CV | 1.875 | % | 02/20/34 | 468,854 | 385,462 | |||||||||||
| Kirby Corp. | 4.200 | % | 03/01/28 | 100,000 | 88,441 | |||||||||||
| Norfolk Southern Corp. (b) | 3.000 | % | 03/15/32 | 600,000 | 501,697 | |||||||||||
| Ryder System, Inc. | 2.850 | % | 03/01/27 | 500,000 | 448,206 | |||||||||||
| Southwest Airlines Co. (b) | 2.625 | % | 02/10/30 | 400,000 | 320,868 | |||||||||||
| U.S. Airways Pass-Through Trust, Series 2011-1, Class A | 7.125 | % | 04/22/25 | 26,031 | 25,848 | |||||||||||
| United Airlines Pass-Through Trust, Series 2020-1, Class B | 4.875 | % | 07/15/27 | 398,000 | 371,721 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Corporate Credit - 16.4% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Transportation - 0.7% (Continued) | ||||||||||||||||
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875 | % | 04/15/29 | $ | 245,584 | $ | 236,873 | |||||||||
| 3,723,217 | ||||||||||||||||
| Total Corporate Credit (Cost $103,086,369) | $ | 91,129,075 | ||||||||||||||
| Government Related - 0.2% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Government Owned, No Guarantee - 0.2% | ||||||||||||||||
| Tennessee Valley Authority | 4.250 | % | 09/15/52 | 500,000 | $ | 451,098 | ||||||||||
| Tennessee Valley Authority | 4.625 | % | 09/15/60 | 525,000 | 513,354 | |||||||||||
| Total Government Related (Cost $1,251,382) | $ | 964,452 | ||||||||||||||
| Securitized - 67.1% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 3.8% | ||||||||||||||||
| BXG Receivables Note Trust, Series 2018-A, Class C (c) | 4.440 | % | 02/02/34 | $ | 236,235 | $ | 224,727 | |||||||||
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B (c) | 1.830 | % | 03/20/41 | 1,000,000 | 841,785 | |||||||||||
| Diamond Resorts Owner Trust, Series 2019-1, Class B (c) | 3.530 | % | 02/20/32 | 72,648 | 70,561 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class B (c) | 2.050 | % | 11/21/33 | 353,986 | 322,393 | |||||||||||
| Diamond Resorts Owner Trust, Series 2021-1A, Class C (c) | 2.700 | % | 11/21/33 | 269,029 | 245,419 | |||||||||||
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A (a)(c) | 4.450 | % | 01/25/26 | 1,750,000 | 1,503,126 | |||||||||||
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A (a)(c) | 3.620 | % | 07/25/26 | 2,700,000 | 2,138,654 | |||||||||||
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A (c) | 3.850 | % | 10/26/26 | 2,440,000 | 1,968,691 | |||||||||||
| Freedom Mortgage Corp., Series 2022-GT2, Class A (c) | 7.900 | % | 07/25/27 | 2,000,000 | 1,855,462 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 3.8% (Continued) | ||||||||||||||||
| Gold Key Resorts, LLC, Series 2014-A, Class A (c) | 3.220 | % | 03/17/31 | $ | 11,277 | $ | 11,057 | |||||||||
| GoodGreen Trust, Series 2017-1A, Class A (c) | 3.740 | % | 10/15/52 | 186,998 | 171,913 | |||||||||||
| GoodGreen Trust, Series 2017-2A, Class A (c) | 3.260 | % | 10/15/53 | 692,400 | 620,336 | |||||||||||
| GoodGreen Trust, Series 2020-1A, Class A (c) | 2.630 | % | 04/15/55 | 310,977 | 251,207 | |||||||||||
| Helios Issuer, LLC, Series 2019-AA, Class A (c) | 3.750 | % | 06/20/46 | 95,975 | 84,543 | |||||||||||
| Helios Issuer, LLC, Series 2020-4, Class A (c) | 2.980 | % | 06/20/47 | 229,948 | 199,807 | |||||||||||
| Helios Issuer, LLC, Series 2021-A, Class A (c) | 1.800 | % | 02/20/48 | 539,293 | 433,616 | |||||||||||
| Hero Funding Trust, Series 2016-2A, Class A (c) | 3.750 | % | 09/20/41 | 94,701 | 91,562 | |||||||||||
| Hero Funding Trust, Series 2016-3A, Class A1 (c) | 3.080 | % | 09/20/42 | 141,551 | 132,978 | |||||||||||
| Hero Funding Trust, Series 2016-4A, Class A1 (c) | 3.570 | % | 09/20/47 | 132,886 | 126,079 | |||||||||||
| Hero Funding Trust, Series 2016-4B, Class B (c) | 4.990 | % | 09/20/47 | 86,663 | 82,923 | |||||||||||
| Hero Funding Trust, Series 2017-3A, Class A1 (c) | 3.190 | % | 09/20/48 | 119,517 | 107,760 | |||||||||||
| Hero Funding Trust, Series 2017-3A, Class A2 (c) | 3.950 | % | 09/20/48 | 437,258 | 399,982 | |||||||||||
| Hero Funding Trust, Series 2018-1A, Class A2 (c) | 4.670 | % | 09/20/48 | 46,907 | 44,763 | |||||||||||
| Holiday Inn Timeshare Trust, Series 2020-A, Class C (c) | 3.420 | % | 10/09/39 | 354,866 | 324,919 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2020-3GS, Class B (c) | 3.450 | % | 12/20/47 | 553,794 | 440,479 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A (c) | 2.290 | % | 01/20/48 | 528,522 | 433,504 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class B (c) | 2.840 | % | 01/20/48 | 850,406 | 698,043 | |||||||||||
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A (c) | 2.220 | % | 03/20/48 | 778,882 | 619,526 | |||||||||||
| Mill City Solar Loan Ltd., Series 2019-2GS, Class A (c) | 3.690 | % | 07/20/43 | 134,016 | 121,755 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| ABS-Other - 3.8% (Continued) | ||||||||||||||||
| Mosaic Solar Loans, LLC, Series 2018-1, Class A (c) | 4.010 | % | 06/22/43 | $ | 74,326 | $ | 69,038 | |||||||||
| Mosaic Solar Loans, LLC, Series 2017-2, Class B (c) | 4.770 | % | 06/22/43 | 43,550 | 40,271 | |||||||||||
| Mosaic Solar Loans, LLC, Series 2020-1, Class A (c) | 2.100 | % | 04/20/46 | 288,829 | 248,969 | |||||||||||
| New Residential AP Advance Receivables Trust, Series 2020-APT1, Class AT1 (c) | 1.035 | % | 12/16/52 | 1,000,000 | 989,323 | |||||||||||
| NRZ Excess Spread Collateralization, Series 2021-GNT1, Class A (c) | 3.474 | % | 11/25/26 | 645,065 | 565,419 | |||||||||||
| PNMAC GMSR Issuer Trust, Series 2018-GT2, Class NT (1* 1MO LIBOR + 265) (a)(c) | 5.734 | % | 08/25/23 | 1,000,000 | 979,800 | |||||||||||
| PNMAC GMSR Issuer Trust, Series 2022-GT1, Class A (1* SOFR30A + 425) (a)(c) | 6.531 | % | 05/25/27 | 1,500,000 | 1,429,015 | |||||||||||
| Renew Financial, LLC, Series 2017-1, Class A (c) | 3.670 | % | 09/20/52 | 300,687 | 269,758 | |||||||||||
| Renew Financial, LLC, Series 2017-1, Class B (c) | 5.750 | % | 09/20/52 | 29,966 | 27,580 | |||||||||||
| Renew Financial, LLC, Series 2017-2, Class A (c) | 3.220 | % | 09/22/53 | 33,274 | 30,366 | |||||||||||
| SPS Servicer Advance Receivables, Series 2020-T1, Class DT1 (c) | 2.370 | % | 11/15/52 | 132,667 | 132,021 | |||||||||||
| SPS Servicer Advance Receivables, Series 2020-T2, Class D (c) | 3.160 | % | 11/15/55 | 494,000 | 407,151 | |||||||||||
| Sunnova Solar Issuer, LLC, Series 2020-2A, Class A (c) | 2.730 | % | 11/01/55 | 1,053,003 | 828,888 | |||||||||||
| Westgate Resorts, Series 2020-1A, Class C (c) | 6.213 | % | 03/20/34 | 651,165 | 645,396 | |||||||||||
| 21,230,565 | ||||||||||||||||
| Agency CMBS - 2.0% | ||||||||||||||||
| FARM Mortgage Trust, Series 2021-1, Class A (c) | 2.180 | % | 01/25/51 | 5,614,950 | 4,934,154 | |||||||||||
| Farmer Mac Agricultural Real Estate, Series 2022-1, Class A (c) | 2.540 | % | 07/25/51 | 3,455,205 | 3,053,358 | |||||||||||
| FNMA, Pool #FN BM6011 | 3.353 | % | 11/01/26 | 696,594 | 668,815 | |||||||||||
| FNMA, Pool #FN AN3598 | 2.550 | % | 12/01/28 | 266,415 | 240,861 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency CMBS - 2.0% (Continued) | ||||||||||||||||
| FNMA, Pool #FN BL4548 | 2.430 | % | 10/01/29 | $ | 188,323 | $ | 166,913 | |||||||||
| FNMA, Pool #FN 464107 | 4.820 | % | 12/01/29 | 109,985 | 111,015 | |||||||||||
| FNMA, Pool #FN AM9491 | 3.550 | % | 08/01/30 | 167,951 | 157,551 | |||||||||||
| FNMA, Pool #FN AN6149 | 3.140 | % | 07/01/32 | 750,000 | 672,760 | |||||||||||
| FNMA, Pool #FN AN7612 | 3.280 | % | 12/01/32 | 250,000 | 227,899 | |||||||||||
| FNMA, Pool #FN 469130 | 4.870 | % | 10/01/41 | 124,331 | 121,899 | |||||||||||
| FNMA, Pool #FN AM5015 | 4.940 | % | 12/01/43 | 742,122 | 725,708 | |||||||||||
| 11,080,933 | ||||||||||||||||
| Agency MBS CMO - 22.6% | ||||||||||||||||
| FHLMC, Series 306, Class F3, Pool #S2-0432 (1* 1MO LIBOR + 30) (a) | 3.120 | % | 05/15/28 | 49,232 | 49,105 | |||||||||||
| FHLMC, Series 4847, Class CV | 3.500 | % | 02/15/30 | 386,224 | 372,665 | |||||||||||
| FHLMC, Series 2646, Class ZH | 5.000 | % | 07/15/33 | 130,108 | 132,402 | |||||||||||
| FHLMC, Series 4265, Class FD (1* 1MO LIBOR + 40) (a) | 3.218 | % | 01/15/35 | 226,247 | 223,817 | |||||||||||
| FHLMC, Series 2006-71, Class ZH | 6.000 | % | 07/25/36 | 265,098 | 275,094 | |||||||||||
| FHLMC, Series 4613, Class AF (1* 1MO LIBOR + 110) (a) | 3.918 | % | 11/15/37 | 337,712 | 336,176 | |||||||||||
| FHLMC, Series 3605, Class PB | 4.500 | % | 11/15/39 | 63,162 | 61,562 | |||||||||||
| FHLMC, Series 3617, Class PC | 4.500 | % | 12/15/39 | 78,386 | 76,434 | |||||||||||
| FHLMC, Series 3740, Class FC (1* 1MO LIBOR + 50) (a) | 3.318 | % | 10/15/40 | 73,621 | 73,096 | |||||||||||
| FHLMC, Series 3759, Class ME | 4.000 | % | 11/15/40 | 507,262 | 471,392 | |||||||||||
| FHLMC, Series 3811, Class TA | 5.000 | % | 02/15/41 | 262,142 | 264,711 | |||||||||||
| FHLMC, Series 3895, Class BF (1* 1MO LIBOR + 50) (a) | 3.320 | % | 07/15/41 | 75,428 | 74,896 | |||||||||||
| FHLMC, Series 3959, Class PZ | 4.500 | % | 11/15/41 | 3,601,593 | 3,476,980 | |||||||||||
| FHLMC, Series 4074, Class JY | 2.500 | % | 07/15/42 | 475,000 | 405,682 | |||||||||||
| FHLMC, Series 4116, Class YC | 2.500 | % | 10/15/42 | 1,208,000 | 946,959 | |||||||||||
| FHLMC, Series 5149, Class CA | 2.000 | % | 01/15/43 | 1,049,335 | 743,703 | |||||||||||
| FHLMC, Series 4165, Class ZT | 3.000 | % | 02/15/43 | 6,647,582 | 5,378,305 | |||||||||||
| FHLMC, Series 4180, Class ZB | 3.000 | % | 03/15/43 | 166,984 | 124,221 | |||||||||||
| FHLMC, Series 4183, Class NQ | 3.000 | % | 03/15/43 | 2,920,000 | 2,575,980 | |||||||||||
| FHLMC, Series 4210, Class Z | 3.000 | % | 05/15/43 | 326,431 | 263,163 | |||||||||||
| FHLMC, Series 4447, Class YZ | 4.000 | % | 08/15/43 | 1,249,913 | 1,202,544 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 22.6% (Continued) | ||||||||||||||||
| FHLMC, Series 4333, Class GL | 3.500 | % | 04/15/44 | $ | 250,000 | $ | 219,896 | |||||||||
| FHLMC, Series 4408, Class BC | 3.000 | % | 11/15/44 | 1,020,410 | 817,010 | |||||||||||
| FHLMC, Series 4673, Class PH | 3.500 | % | 01/15/45 | 258,154 | 248,969 | |||||||||||
| FHLMC, Series 4473, Class Z | 3.000 | % | 05/15/45 | 398,635 | 306,178 | |||||||||||
| FHLMC, Series 4531, Class PZ | 3.500 | % | 11/15/45 | 1,389,104 | 1,249,056 | |||||||||||
| FHLMC, Series 4623, Class BZ | 3.500 | % | 10/15/46 | 4,067,737 | 3,759,614 | |||||||||||
| FHLMC, Series 4738, Class TW | 3.000 | % | 11/15/46 | 1,385,000 | 1,229,878 | |||||||||||
| FHLMC, Series 4857, Class H | 4.000 | % | 11/15/46 | 267,605 | 264,379 | |||||||||||
| FHLMC, Series 4710, Class GZ | 3.000 | % | 01/15/47 | 4,308,727 | 3,518,981 | |||||||||||
| FHLMC, Series 5099, Class CM | 2.000 | % | 07/25/47 | 3,750,000 | 2,659,652 | |||||||||||
| FHLMC, Series 4736, Class CL | 3.000 | % | 12/15/47 | 441,240 | 372,534 | |||||||||||
| FHLMC, Series 4753, Class EZ | 3.500 | % | 12/15/47 | 2,070,556 | 1,869,728 | |||||||||||
| FHLMC, Series 4745, Class CZ | 3.500 | % | 01/15/48 | 1,180,583 | 1,032,334 | |||||||||||
| FHLMC, Series 4750, Class KZ | 3.500 | % | 01/15/48 | 1,534,757 | 1,386,466 | |||||||||||
| FHLMC, Series 4768, Class ZH | 3.000 | % | 03/15/48 | 1,546,986 | 1,352,130 | |||||||||||
| FHLMC, Series 4801, Class ZN | 4.000 | % | 05/15/48 | 926,862 | 879,242 | |||||||||||
| FHLMC, Series 4941, Class NW | 2.500 | % | 05/25/49 | 758,520 | 520,863 | |||||||||||
| FHLMC, Series 4911, Class JM | 3.500 | % | 09/25/49 | 1,000,000 | 797,458 | |||||||||||
| FHLMC, Class WZ, Pool #5159 | 2.000 | % | 01/25/50 | 653,869 | 389,827 | |||||||||||
| FHLMC, Series 5057, Class DN | 2.000 | % | 03/25/50 | 1,000,000 | 828,058 | |||||||||||
| FHLMC, Series 5129, Class DM | 1.000 | % | 08/25/50 | 1,567,949 | 1,195,238 | |||||||||||
| FHLMC, Series 5011, Class DB | 2.000 | % | 09/25/50 | 262,000 | 154,936 | |||||||||||
| FHLMC, Series 5028, Class PW | 1.500 | % | 10/25/50 | 684,000 | 421,694 | |||||||||||
| FHLMC, Series 5223, Class MZ | 4.500 | % | 12/25/50 | 3,273,697 | 2,953,893 | |||||||||||
| FHLMC, Series 5085, Class TY | 1.000 | % | 01/25/51 | 1,263,612 | 744,721 | |||||||||||
| FHLMC, Series 5072, Class DG | 1.000 | % | 02/25/51 | 851,559 | 665,821 | |||||||||||
| FHLMC, Series 5146, Class ZW | 2.000 | % | 07/25/51 | 1,608,446 | 835,345 | |||||||||||
| FHLMC, Series 5202, Class DZ | 3.000 | % | 07/25/51 | 2,535,367 | 1,557,745 | |||||||||||
| FHLMC, Series 5159, Class PL | 1.250 | % | 11/25/51 | 1,723,185 | 1,393,143 | |||||||||||
| FHLMC, Series 5162, Class AP | 2.000 | % | 11/25/51 | 2,872,715 | 2,420,953 | |||||||||||
| FHLMC, Series 5173, Class BZ | 2.500 | % | 12/25/51 | 1,021,030 | 615,226 | |||||||||||
| FHLMC, Series 4377, Class KZ | 3.500 | % | 02/15/52 | 826,987 | 739,910 | |||||||||||
| FHLMC, Series 5189, Class ZP | 3.000 | % | 02/25/52 | 977,328 | 762,784 | |||||||||||
| FHLMC, Series 5210, Class BZ | 3.000 | % | 02/25/52 | 8,285,004 | 5,545,606 | |||||||||||
| FNMA, Series 2010-155, Class JH | 4.000 | % | 12/25/28 | 120,000 | 115,915 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 22.6% (Continued) | ||||||||||||||||
| FNMA, Series 2013-35, Class YT | 6.500 | % | 09/25/32 | $ | 157,881 | $ | 164,101 | |||||||||
| FNMA, Series 2012-129, Class HT | 2.000 | % | 12/25/32 | 61,148 | 53,182 | |||||||||||
| FNMA, Series 2002-86, Class PG | 6.000 | % | 12/25/32 | 50,479 | 51,135 | |||||||||||
| FNMA, Series 2004-56, Class Z | 7.500 | % | 03/25/34 | 101,322 | 109,403 | |||||||||||
| FNMA, Series 2004-17, Class BA | 6.000 | % | 04/25/34 | 244,941 | 253,288 | |||||||||||
| FNMA, Series 2005-3, Class CG | 5.500 | % | 02/25/35 | 128,959 | 128,927 | |||||||||||
| FNMA, Series 2005-62, Class ZL | 5.500 | % | 07/25/35 | 227,628 | 230,910 | |||||||||||
| FNMA, Series 2006-56, Class DC (1* 1MO LIBOR + 65) (a) | 3.734 | % | 07/25/36 | 429,991 | 434,192 | |||||||||||
| FNMA, Series 2009-19, Class TD | 5.000 | % | 08/25/36 | 76,085 | 76,171 | |||||||||||
| FNMA, Series 2007-95, Class A3 (1* 1MO LIBOR + 25) (a) | 2.509 | % | 08/27/36 | 1,600,000 | 1,395,314 | |||||||||||
| FNMA, Series 2006-108, Class FD (1* 1MO LIBOR + 38) (a) | 3.464 | % | 11/25/36 | 106,234 | 105,035 | |||||||||||
| FNMA, Series 2007-39, Class NB | 4.250 | % | 05/25/37 | 99,986 | 100,518 | |||||||||||
| FNMA, Series 2008-60, Class JC | 5.000 | % | 07/25/38 | 166,433 | 165,074 | |||||||||||
| FNMA, Series 2009-103, Class MB (a) | 2.861 | % | 12/25/39 | 35,307 | 35,949 | |||||||||||
| FNMA, Series 2010-2, Class LC | 5.000 | % | 02/25/40 | 182,726 | 183,024 | |||||||||||
| FNMA, Series 2011-14, Class PB | 5.000 | % | 03/25/41 | 511,409 | 514,244 | |||||||||||
| FNMA, Series 2011-57, Class PD | 4.000 | % | 07/25/41 | 321,407 | 309,401 | |||||||||||
| FNMA, Series 2011-62, Class UA | 4.500 | % | 07/25/41 | 622,001 | 575,270 | |||||||||||
| FNMA, Series 2012-9, Class FC (1* 1MO LIBOR + 40) (a) | 3.484 | % | 02/25/42 | 105,921 | 104,724 | |||||||||||
| FNMA, Series 2013-34, Class GP | 3.000 | % | 05/25/42 | 348,075 | 330,008 | |||||||||||
| FNMA, Series 2012-56, Class WC | 3.500 | % | 05/25/42 | 851,000 | 744,570 | |||||||||||
| FNMA, Series 2012-52, Class PQ | 3.500 | % | 05/25/42 | 683,221 | 590,697 | |||||||||||
| FNMA, Series 2012-79, Class QB | 2.000 | % | 07/25/42 | 121,758 | 107,444 | |||||||||||
| FNMA, Series 2003-W2, Class 1-1A | 6.500 | % | 07/25/42 | 659,289 | 674,212 | |||||||||||
| FNMA, Series 411, Class A3 | 3.000 | % | 08/25/42 | 91,690 | 82,405 | |||||||||||
| FNMA, Series 2012-99, Class UY | 2.500 | % | 09/25/42 | 360,000 | 284,807 | |||||||||||
| FNMA, Series 2013-35, Class LP | 3.000 | % | 01/25/43 | 352,000 | 328,822 | |||||||||||
| FNMA, Series 2013-35, Class CV | 3.000 | % | 02/25/43 | 350,000 | 314,425 | |||||||||||
| FNMA, Series 2013-13, Class WH | 3.500 | % | 03/25/43 | 1,000,000 | 818,897 | |||||||||||
| FNMA, Series 2013-31, Class NT | 3.000 | % | 04/25/43 | 37,176 | 34,832 | |||||||||||
| FNMA, Series 2003-W10, Class 3A-5 | 4.299 | % | 06/25/43 | 545,959 | 520,963 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 22.6% (Continued) | ||||||||||||||||
| FNMA, Series 2013-84, Class B | 4.000 | % | 08/25/43 | $ | 1,000,000 | $ | 903,496 | |||||||||
| FNMA, Series 2013-104, Class CY | 5.000 | % | 10/25/43 | 250,000 | 257,985 | |||||||||||
| FNMA, Series 2013-115, Class PB | 4.500 | % | 11/25/43 | 300,000 | 278,596 | |||||||||||
| FNMA, Series 2015-11, Class MZ | 4.000 | % | 12/25/43 | 4,926,052 | 4,654,936 | |||||||||||
| FNMA, Series 2014-2, Class PB | 4.000 | % | 02/25/44 | 557,925 | 508,723 | |||||||||||
| FNMA, Series 2017-16, Class UW | 3.000 | % | 07/25/45 | 2,044,494 | 1,754,915 | |||||||||||
| FNMA, Series 2016-68, Class AL | 3.000 | % | 10/25/46 | 1,240,000 | 1,105,715 | |||||||||||
| FNMA, Series 2016-80, Class CZ | 3.000 | % | 11/25/46 | 602,952 | 392,942 | |||||||||||
| FNMA, Series 2017-77, Class HZ | 3.500 | % | 10/25/47 | 1,023,194 | 947,569 | |||||||||||
| FNMA, Series 2018-08, Class DZ | 3.500 | % | 02/25/48 | 697,429 | 630,145 | |||||||||||
| FNMA, Series 2022-4, Class QM | 2.000 | % | 03/25/48 | 1,602,020 | 1,137,187 | |||||||||||
| FNMA, Series 2018-31, Class KQ | 3.500 | % | 05/25/48 | 600,000 | 536,846 | |||||||||||
| FNMA, Series 2018-31, Class KB | 3.500 | % | 05/25/48 | 228,899 | 210,097 | |||||||||||
| FNMA, Series 2018-37, Class CL | 4.000 | % | 06/25/48 | 622,735 | 537,925 | |||||||||||
| FNMA, Series 2018-66, Class PZ | 4.000 | % | 09/25/48 | 564,256 | 469,925 | |||||||||||
| FNMA, Series 2018-77, Class BY | 3.000 | % | 10/25/48 | 2,817,076 | 2,471,671 | |||||||||||
| FNMA, Series 2019-01, Class MH | 3.000 | % | 02/25/49 | 227,370 | 206,421 | |||||||||||
| FNMA, Series 2019-8, Class ZD | 3.500 | % | 03/25/49 | 566,707 | 527,767 | |||||||||||
| FNMA, Series 2019-038, Class MT | 3.000 | % | 07/25/49 | 985,642 | 900,603 | |||||||||||
| FNMA, Series 2019-40, Class PL | 4.000 | % | 07/25/49 | 318,000 | 266,846 | |||||||||||
| FNMA, Series 2019-60, Class WZ | 2.750 | % | 10/25/49 | 568,721 | 381,330 | |||||||||||
| FNMA, Series 2019-83, Class EB | 2.000 | % | 01/25/50 | 171,000 | 104,105 | |||||||||||
| FNMA, Series 2020-15, Class KY | 3.000 | % | 03/25/50 | 2,077,414 | 1,503,152 | |||||||||||
| FNMA, Series 2020-22, Class AY | 2.000 | % | 04/25/50 | 1,254,000 | 782,358 | |||||||||||
| FNMA, Series 2020-42, Class BY | 2.000 | % | 06/25/50 | 935,000 | 547,383 | |||||||||||
| FNMA, Series 2021-15, Class HD | 1.000 | % | 04/25/51 | 1,032,804 | 787,495 | |||||||||||
| FNMA, Series 2021-73, Class ZD | 2.000 | % | 11/25/51 | 1,408,366 | 715,476 | |||||||||||
| FNMA, Series 2022-49, Class GZ | 4.000 | % | 08/25/52 | 4,590,432 | 4,054,224 | |||||||||||
| GNMA, Series 2015-161, Class AV | 3.000 | % | 01/20/29 | 333,075 | 318,347 | |||||||||||
| GNMA, Series 2018-091, Class VL | 3.500 | % | 10/20/29 | 1,383,458 | 1,315,502 | |||||||||||
| GNMA, Series 2018-139, Class DV | 3.500 | % | 01/20/30 | 416,864 | 402,157 | |||||||||||
| GNMA, Series 2004-49, Class MZ | 6.000 | % | 06/20/34 | 426,288 | 438,200 | |||||||||||
| GNMA, Series 2005-13, Class BG | 5.000 | % | 02/20/35 | 193,251 | 195,298 | |||||||||||
| GNMA, Series 2015-123, Class VB | 3.500 | % | 09/20/35 | 436,000 | 417,859 | |||||||||||
| GNMA, Series 2006-17, Class JN | 6.000 | % | 04/20/36 | 158,367 | 162,727 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 22.6% (Continued) | ||||||||||||||||
| GNMA, Series 2008-51, Class PH | 5.250 | % | 06/20/38 | $ | 95,740 | $ | 95,704 | |||||||||
| GNMA, Series 2009-2, Class PA | 5.000 | % | 12/20/38 | 58,832 | 58,940 | |||||||||||
| GNMA, Series 2014-79, Class HU | 3.000 | % | 02/16/40 | 452,579 | 389,689 | |||||||||||
| GNMA, Series 2012-74, Class LY | 2.500 | % | 06/20/42 | 330,000 | 255,811 | |||||||||||
| GNMA, Series 2012-134, Class KM | 2.000 | % | 09/20/42 | 342,000 | 267,559 | |||||||||||
| GNMA, Series 2012-113, Class NZ | 4.500 | % | 09/20/42 | 285,193 | 277,300 | |||||||||||
| GNMA, Series 2013-6, Class PE | 2.000 | % | 01/20/43 | 100,000 | 78,086 | |||||||||||
| GNMA, Series 2013-5, Class GY | 3.000 | % | 01/20/43 | 532,000 | 437,603 | |||||||||||
| GNMA, Series 2015-179, Class ZB | 2.500 | % | 02/20/45 | 58,346 | 46,298 | |||||||||||
| GNMA, Series 2016-37, Class YA | 3.000 | % | 12/20/45 | 1,052,852 | 931,077 | |||||||||||
| GNMA, Series 2016-38, Class ZP | 3.500 | % | 03/20/46 | 75,302 | 57,556 | |||||||||||
| GNMA, Series 2016-74, Class PL | 3.000 | % | 05/20/46 | 1,060,505 | 939,171 | |||||||||||
| GNMA, Series 2016-118, Class LB | 3.000 | % | 09/20/46 | 500,000 | 432,359 | |||||||||||
| GNMA, Series 2016-120, Class YZ | 3.000 | % | 09/20/46 | 500,000 | 426,923 | |||||||||||
| GNMA, Series 2017-080, Class BZ | 3.500 | % | 05/20/47 | 421,714 | 332,121 | |||||||||||
| GNMA, Series 2017-120, Class JZ | 4.000 | % | 08/20/47 | 641,975 | 568,263 | |||||||||||
| GNMA, Series 2018-006, Class JY | 2.750 | % | 01/20/48 | 284,000 | 247,505 | |||||||||||
| GNMA, Series 2018-14, Class MZ | 3.000 | % | 01/20/48 | 396,775 | 299,010 | |||||||||||
| GNMA, Series 2018-097, Class GY | 4.000 | % | 07/20/48 | 1,162,000 | 1,114,555 | |||||||||||
| GNMA, Series 2018-105, Class ZK | 4.000 | % | 08/20/48 | 470,844 | 417,998 | |||||||||||
| GNMA, Series 2018-120, Class PY | 3.500 | % | 09/20/48 | 689,379 | 636,909 | |||||||||||
| GNMA, Series 2018-154, Class ZU | 4.000 | % | 11/20/48 | 502,294 | 433,833 | |||||||||||
| GNMA, Series 2018-166, Class Z | 4.000 | % | 12/20/48 | 480,481 | 415,114 | |||||||||||
| GNMA, Series 2019-20, Class JK | 3.500 | % | 02/20/49 | 167,439 | 159,213 | |||||||||||
| GNMA, Series 2019-031, Class AZ | 5.000 | % | 03/20/49 | 234,300 | 231,856 | |||||||||||
| GNMA, Series 2019-052, Class HL | 4.000 | % | 04/20/49 | 490,565 | 435,019 | |||||||||||
| GNMA, Series 2019-99, Class EW | 3.000 | % | 08/20/49 | 540,446 | 454,899 | |||||||||||
| GNMA, Series 2019-99, Class GP | 3.500 | % | 08/20/49 | 517,000 | 425,263 | |||||||||||
| GNMA, Series 2020-093, Class AZ | 3.000 | % | 04/20/50 | 831,188 | 567,018 | |||||||||||
| GNMA, Series 2021-58, Class NA | 1.000 | % | 07/20/50 | 639,300 | 486,692 | |||||||||||
| GNMA, Series 2020-097, Class ML | 2.500 | % | 07/20/50 | 1,975,000 | 1,338,033 | |||||||||||
| GNMA, Series 2020-133, Class ZM | 1.000 | % | 09/20/50 | 490,662 | 184,694 | |||||||||||
| GNMA, Series 2020-165, Class BP | 1.000 | % | 11/20/50 | 635,835 | 531,368 | |||||||||||
| GNMA, Series 2020-183, Class AE | 1.250 | % | 12/20/50 | 598,103 | 350,339 | |||||||||||
| GNMA, Series 2021-86, Class MB | 1.000 | % | 05/20/51 | 693,676 | 527,634 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO - 22.6% (Continued) | ||||||||||||||||
| GNMA, Series 2021-121, Class JW | 1.500 | % | 07/20/51 | $ | 1,708,699 | $ | 977,093 | |||||||||
| GNMA, Series 2021-149, Class ZB | 3.000 | % | 08/20/51 | 294,002 | 190,197 | |||||||||||
| GNMA, Series 2021-196, Class YZ | 1.500 | % | 11/20/51 | 1,089,607 | 524,599 | |||||||||||
| GNMA, Series 2022-10, Class QJ | 1.750 | % | 01/20/52 | 1,158,766 | 780,525 | |||||||||||
| GNMA, Series 2022-84, Class AL | 3.500 | % | 05/20/52 | 2,812,353 | 2,375,120 | |||||||||||
| GNMA, Series 2022-129, Class PL | 4.000 | % | 07/20/52 | 3,595,000 | 3,081,239 | |||||||||||
| GNMA, Series 2017-H18, Class EB (a) | 4.693 | % | 06/20/63 | 213,489 | 212,496 | |||||||||||
| GNMA, Series 2014-H14, Class FA (1* 1MO LIBOR + 50) (a) | 2.298 | % | 07/20/64 | 264,287 | 261,758 | |||||||||||
| GNMA, Series 2014-H15, Class FA (1* 1MO LIBOR + 50) (a) | 2.857 | % | 07/20/64 | 71,258 | 70,516 | |||||||||||
| GNMA, Series 2016-H11, Class FD (1* 12MO LIBOR + 40) (a) | 2.572 | % | 05/20/66 | 238,764 | 233,842 | |||||||||||
| GNMA, Series 2017-H16, Class DB (a) | 4.337 | % | 08/20/67 | 42,058 | 41,358 | |||||||||||
| 125,602,092 | ||||||||||||||||
| Agency MBS CMO Derivatives - 1.6% | ||||||||||||||||
| FHLMC, Series 3919, Class QS (IO) (-1* 1MO LIBOR + 670) (a) | 3.880 | % | 08/15/30 | 1,345,090 | 80,619 | |||||||||||
| FHLMC, Series 4214, Class CI (IO) | 3.000 | % | 06/15/31 | 385,275 | 11,870 | |||||||||||
| FHLMC, Series 4114, Class IM (IO) | 3.500 | % | 07/15/31 | 527,167 | 15,254 | |||||||||||
| FHLMC, Series 4169, Class SA (IO) (-1.2* 1MO LIBOR + 546) (a) | 2.612 | % | 02/15/33 | 483,339 | 379,750 | |||||||||||
| FHLMC, Series 226, Class PO (PO) | 0.000 | % | 02/01/34 | 117,439 | 99,425 | |||||||||||
| FHLMC, Series 3107, Class DC (IO) (-1* 1MO LIBOR + 670) (a) | 3.882 | % | 06/15/35 | 767,467 | 7,388 | |||||||||||
| FHLMC, Series 3102, Class TA (IO) (-7.5* 1MO LIBOR + 5250) (a) | 7.500 | % | 01/15/36 | 201,558 | 198,116 | |||||||||||
| FHLMC, Series 3607, Class AO (PO) | 0.000 | % | 04/15/36 | 77,081 | 62,892 | |||||||||||
| FHLMC, Series 237, Class S14 (IO) (-1* 1MO LIBOR + 660) (a) | 3.780 | % | 05/15/36 | 301,567 | 36,764 | |||||||||||
| FHLMC, Series 3199, Class OC (PO) | 0.000 | % | 08/15/36 | 123,077 | 104,492 | |||||||||||
| FHLMC, Series 379, Class I (PO) | 0.000 | % | 05/25/37 | 40,064 | 32,615 | |||||||||||
| FHLMC, Series 3607, Class OP (PO) | 0.000 | % | 07/15/37 | 288,157 | 231,843 | |||||||||||
| FHLMC, Series 4006, Class IA (IO) | 4.500 | % | 09/15/41 | 383,271 | 39,195 | |||||||||||
| FHLMC, Series 4422, Class DO (PO) | 0.000 | % | 10/15/41 | 927,838 | 668,237 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO Derivatives - 1.6% (Continued) | ||||||||||||||||
| FHLMC, Series 4116, Class LI (IO) | 4.500 | % | 02/15/42 | $ | 1,149,645 | $ | 138,205 | |||||||||
| FHLMC, Series 4074, Class SJ (IO) (-1* 1MO LIBOR + 662) (a) | 3.802 | % | 07/15/42 | 737,469 | 112,383 | |||||||||||
| FHLMC, Class (PO), Pool #S0-6050 | 0.000 | % | 08/15/42 | 159,171 | 120,092 | |||||||||||
| FHLMC, Class (PO), Pool #S0-6829 | 0.000 | % | 09/15/43 | 286,150 | 223,176 | |||||||||||
| FNMA, Series 2012-128, Class EI (IO) | 3.500 | % | 11/25/27 | 270,937 | 15,204 | |||||||||||
| FNMA, Series 2012-148, Class IA (IO) | 4.000 | % | 01/25/28 | 155,752 | 9,788 | |||||||||||
| FNMA, Series 2004-91, Class SP (IO) (-2.4* 1MO LIBOR + 1680) (a) | 9.398 | % | 11/25/31 | 162,972 | 167,839 | |||||||||||
| FNMA, Series 2004-61, Class GO (PO) | 0.000 | % | 11/25/32 | 379,099 | 326,664 | |||||||||||
| FNMA, Series 2013-89, Class DI (IO) | 4.000 | % | 08/25/33 | 1,260,889 | 125,925 | |||||||||||
| FNMA, Series 348, Class II (IO) | 6.000 | % | 01/25/34 | 69,985 | 13,697 | |||||||||||
| FNMA, Series 2015-82, Class AI (IO) | 3.500 | % | 06/25/34 | 751,234 | 73,660 | |||||||||||
| FNMA, Series 2016-28, Class DI (IO) | 3.500 | % | 03/25/35 | 657,937 | 72,320 | |||||||||||
| FNMA, Series 384, Class 11 (IO) | 5.000 | % | 03/25/35 | 562,116 | 90,943 | |||||||||||
| FNMA, Series 2005-52, Class JH (IO) (-1* 1MO LIBOR + 660) (a) | 3.516 | % | 05/25/35 | 303,270 | 19,366 | |||||||||||
| FNMA, Series 378, Class (IO) (a) | 5.000 | % | 06/01/35 | 602,244 | 102,278 | |||||||||||
| FNMA, Series 2016-24, Class KI (IO) | 3.500 | % | 07/25/35 | 386,636 | 42,348 | |||||||||||
| FNMA, Series 368, Class (IO) | 5.000 | % | 02/01/36 | 458,417 | 65,713 | |||||||||||
| FNMA, Series 2006-96, Class MO (PO) | 0.000 | % | 10/25/36 | 32,725 | 28,654 | |||||||||||
| FNMA, Series 398, Class C5 (IO) | 5.000 | % | 05/25/39 | 651,248 | 131,029 | |||||||||||
| FNMA, Series 2010-44, Class CS (IO) (-1* 1MO LIBOR + 655) (a) | 3.466 | % | 05/25/40 | 39,531 | 4,014 | |||||||||||
| FNMA, Series 2012-63, Class NI (IO) | 4.000 | % | 06/25/40 | 535,544 | 16,027 | |||||||||||
| FNMA, Series 409, Class C1 (IO) | 4.000 | % | 04/01/42 | 972,024 | 164,643 | |||||||||||
| FNMA, Series 2012-99, Class QS (IO) (-1* 1MO LIBOR + 660) (a) | 3.516 | % | 09/25/42 | 1,928,043 | 189,175 | |||||||||||
| FNMA, Series 2012-128, Class WS (-1* 1MO LIBOR + 400) (a) | 0.916 | % | 11/24/42 | 984,621 | 619,111 | |||||||||||
| FNMA, Series 2012-128, Class SH (IO) (-1* 1MO LIBOR + 400) (a) | 0.916 | % | 11/25/42 | 325,379 | 222,861 | |||||||||||
| FNMA, Series 2016-32, Class GO (PO) | 0.000 | % | 01/25/43 | 11,453 | 6,562 | |||||||||||
| FNMA, Series 2016-30, Class IN (IO) | 3.500 | % | 02/25/43 | 1,171,615 | 69,532 | |||||||||||
| FNMA, Series 2003-W10, Class 3IO (IO) (a) | 0.243 | % | 06/25/43 | 9,621,915 | 70,830 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS CMO Derivatives - 1.6% (Continued) | ||||||||||||||||
| FNMA, Series 2013-82, Class SB (IO) (-2.67* 1MO LIBOR + 1173) (a) | 5.405 | % | 08/25/43 | $ | 350,236 | $ | 219,258 | |||||||||
| FNMA, Series 2013-101, Class DO (PO) | 0.000 | % | 10/25/43 | 103,077 | 77,206 | |||||||||||
| FNMA, Series 2014-42, Class SN (IO) (-1* 1MO LIBOR + 605) (a) | 2.966 | % | 07/25/44 | 400,169 | 40,850 | |||||||||||
| FNMA, Series 2019-31, Class CI (IO) | 4.000 | % | 02/25/47 | 987,782 | 79,516 | |||||||||||
| FNMA, Series 2018-11B, Class QI (IO) | 4.000 | % | 01/25/48 | 2,383,477 | 387,068 | |||||||||||
| FNMA, Series 2018-01, Class AI (IO) | 5.000 | % | 02/25/48 | 1,730,091 | 336,306 | |||||||||||
| FNMA, Series 2018-24, Class IO | 4.500 | % | 04/25/48 | 1,936,188 | 331,609 | |||||||||||
| GNMA, Series 2012-146, Class AI (IO) | 3.000 | % | 10/20/37 | 1,003,527 | 31,285 | |||||||||||
| GNMA, Series 2011-139, Class LS (IO) (-1* 1MO LIBOR + 500) (a) | 2.627 | % | 03/16/38 | 1,704,118 | 147,210 | |||||||||||
| GNMA, Series 2008-38, Class ID (IO) | 6.000 | % | 03/20/38 | 128,345 | 7,713 | |||||||||||
| GNMA, Series 2013-147, Class SD (IO) (-1* 1MO LIBOR + 665) (a) | 3.636 | % | 12/20/39 | 1,405,598 | 147,805 | |||||||||||
| GNMA, Series 2011-21, Class SA (IO) (-1* 1MO LIBOR + 600) (a) | 3.061 | % | 02/16/41 | 1,588,605 | 155,833 | |||||||||||
| GNMA, Series 2011-145, Class QI (IO) | 5.000 | % | 11/16/41 | 182,075 | 26,357 | |||||||||||
| GNMA, Series 2013-113, Class QS (IO) (-1* 1MO LIBOR + 620) (a) | 3.186 | % | 02/20/42 | 249,681 | 14,772 | |||||||||||
| GNMA, Series 2013-82, Class NS (-1* 1MO LIBOR + 400) (a) | 0.986 | % | 05/20/43 | 1,294,967 | 778,757 | |||||||||||
| GNMA, Series 2017-004, Class WI (IO) | 4.000 | % | 02/20/44 | 885,548 | 75,058 | |||||||||||
| GNMA, Series 2016-32, Class MS (IO) (-1* 1MO LIBOR + 605) (a) | 3.036 | % | 03/20/46 | 1,473,916 | 157,807 | |||||||||||
| GNMA, Series 2019-98, Class BI (IO) | 3.000 | % | 06/20/49 | 847,484 | 232,192 | |||||||||||
| GNMA, Series 2019-120, Class DI (IO) | 3.500 | % | 08/20/49 | 1,712,125 | 277,453 | |||||||||||
| GNMA, Series 2021-146, Class XI | 3.500 | % | 08/20/51 | 2,637,464 | 412,046 | |||||||||||
| GNMA, Series 2013-H13, Class T1 (IO) (a) | 0.464 | % | 05/20/63 | 1,424,444 | 7,922 | |||||||||||
| GNMA, Series 2016-H20, Class GI (IO) (a) | 1.231 | % | 08/20/66 | 1,048,715 | 5,282 | |||||||||||
| GNMA, Series 2017-H11, Class PI (IO) (a) | 2.675 | % | 04/20/67 | 12,101 | 17 | |||||||||||
| GNMA, Series 2018-H08, Class NI (IO) (a) | 1.743 | % | 05/20/68 | 822,297 | 8,080 | |||||||||||
| 9,167,901 | ||||||||||||||||
| Agency MBS Passthrough - 1.8% | ||||||||||||||||
| FHLMC, Pool #FG G14973 | 4.000 | % | 12/01/28 | 100,904 | 98,589 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Agency MBS Passthrough - 1.8% (Continued) | ||||||||||||||||
| FHLMC, Pool #FG U59010 | 4.000 | % | 11/01/34 | $ | 295,450 | $ | 277,996 | |||||||||
| FHLMC, Pool #FG G61909 | 4.500 | % | 12/01/37 | 398,572 | 389,713 | |||||||||||
| FHLMC, Pool #FG G06085 | 6.500 | % | 09/01/38 | 48,368 | 50,630 | |||||||||||
| FHLMC, Series 4839, Class AL | 4.000 | % | 04/15/51 | 2,326,401 | 2,070,833 | |||||||||||
| FNMA, Pool #FN 252409 | 6.500 | % | 03/01/29 | 56,956 | 57,954 | |||||||||||
| FNMA, Pool #FN AL5850 | 3.500 | % | 10/01/29 | 234,507 | 223,618 | |||||||||||
| FNMA, Pool #FN AS7287 | 3.500 | % | 06/01/31 | 389,599 | 370,613 | |||||||||||
| FNMA, Pool #FN AL3200 | 3.500 | % | 02/01/33 | 283,684 | 263,510 | |||||||||||
| FNMA, Pool #FN AT7120 | 3.500 | % | 06/01/33 | 350,653 | 326,030 | |||||||||||
| FNMA, Pool #FN AL5166 | 3.000 | % | 11/01/33 | 267,508 | 239,957 | |||||||||||
| FNMA, Pool #FN AL6685 | 4.000 | % | 01/01/35 | 436,218 | 409,957 | |||||||||||
| FNMA, Pool #FN MA2198 | 3.500 | % | 03/01/35 | 275,830 | 258,911 | |||||||||||
| FNMA, Pool #FN MA3050 | 4.500 | % | 06/01/37 | 455,240 | 441,547 | |||||||||||
| FNMA, Pool #FN AS4073 | 4.000 | % | 12/01/44 | 186,574 | 177,250 | |||||||||||
| FNMA, Pool #FN MA2778 | 3.500 | % | 10/01/46 | 91,844 | 82,389 | |||||||||||
| GNMA, Pool #MA5738M | 4.000 | % | 02/20/34 | 202,839 | 195,741 | |||||||||||
| GNMA, Pool #GN 784279 | 5.500 | % | 11/15/38 | 330,878 | 348,775 | |||||||||||
| GNMA, Pool #711522X | 4.500 | % | 07/15/40 | 255,738 | 252,203 | |||||||||||
| GNMA, Pool #GN 78541 | 4.500 | % | 06/15/46 | 119,822 | 118,183 | |||||||||||
| GNMA, Pool #G2 784792 | 4.500 | % | 08/20/49 | 730,693 | 688,751 | |||||||||||
| GNMA, Pool #G2 CN5057 | 4.500 | % | 07/20/62 | 2,631,157 | 2,497,467 | |||||||||||
| 9,840,617 | ||||||||||||||||
| ARM - 0.0% (d) | ||||||||||||||||
| Structured Asset Securities Corp., Series 2003-37A, Class 2-A (a) | 2.579 | % | 12/25/33 | 8,716 | 8,384 | |||||||||||
| Auto Loan - 1.7% | ||||||||||||||||
| ACC Auto Trust, Series 2021-A, Class A (c) | 1.080 | % | 04/15/27 | 420,280 | 413,430 | |||||||||||
| ACC Trust, Series 2021-1, Class B (c) | 1.430 | % | 07/22/24 | 635,908 | 631,931 | |||||||||||
| Arivo Acceptance Auto Loan Receivables Trust, Series 2021-1A, Class A (c) | 1.190 | % | 01/15/27 | 1,211,265 | 1,167,522 | |||||||||||
| CarNow Auto Receivables Trust, Series 2021-1A, Class C (c) | 2.160 | % | 02/17/26 | 750,000 | 725,312 | |||||||||||
| CIG Auto Receivables Trust, Series 2020-1, Class D (c) | 2.350 | % | 01/12/26 | 300,000 | 292,142 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Auto Loan - 1.7% (Continued) | ||||||||||||||||
| CIG Auto Receivables Trust, Series 2020-1, Class C (c) | 1.750 | % | 02/12/26 | $ | 460,000 | $ | 454,688 | |||||||||
| Credito RL USA, Series 2021-1, Class A (c) | 1.350 | % | 02/16/27 | 434,570 | 422,993 | |||||||||||
| FHF Trust, Series 2020-1, Class A (c) | 2.590 | % | 12/15/23 | 2,966 | 2,963 | |||||||||||
| FHF Trust, Series 2021-1, Class A (c) | 1.270 | % | 03/15/27 | 454,650 | 434,873 | |||||||||||
| First Help Financial, LLC, Series 2021-2A, Class A (c) | 0.830 | % | 12/15/26 | 669,850 | 636,201 | |||||||||||
| First Help Financial, LLC, Series 2021-2A, Class B (c) | 1.630 | % | 09/15/27 | 1,090,000 | 974,635 | |||||||||||
| OneMain Direct Auto Receivables, Series 2019-1, Class D (c) | 4.680 | % | 04/14/31 | 675,000 | 616,824 | |||||||||||
| Santander Consumer Auto Receivables, Series 2020-B, Class D (c) | 2.140 | % | 12/15/26 | 400,000 | 376,109 | |||||||||||
| Tesla Auto Lease Trust, Series 2021-B, Class D (c) | 1.320 | % | 09/22/25 | 1,400,000 | 1,278,535 | |||||||||||
| Veros Auto Receivables Trust, Series 2021-1, Class B (c) | 1.490 | % | 10/15/26 | 1,000,000 | 951,442 | |||||||||||
| 9,379,600 | ||||||||||||||||
| CRE/CLO - 5.6% | ||||||||||||||||
| A10 Securitization, Series 2021-D, Class D (c)(e) | 4.409 | % | 10/01/38 | 1,241,661 | 1,104,408 | |||||||||||
| A10 Securitization, Series 2021-D, Class E (c)(e) | 4.937 | % | 10/01/38 | 1,266,495 | 1,109,525 | |||||||||||
| A10 Securitization, Series 2020-C, Class A (c)(e) | 2.033 | % | 08/15/40 | 40,545 | 40,085 | |||||||||||
| A10 Securitization, Series 2020-C, Class B (c)(e) | 2.617 | % | 08/15/40 | 300,000 | 283,027 | |||||||||||
| A10 Securitization, Series 2020-C, Class D (c)(e) | 4.129 | % | 08/15/40 | 250,000 | 229,684 | |||||||||||
| A10 Securitization, Series 2020-C, Class E (c)(e) | 5.465 | % | 08/15/40 | 250,000 | 225,474 | |||||||||||
| Acre Mortgage Trust, Series 2021-FL4, Class D (1* 1MO LIBOR + 260) (a)(c) | 5.593 | % | 12/15/37 | 1,000,000 | 964,438 | |||||||||||
| Acre Mortgage Trust, Series 2021-FL4, Class E (1* 1MO LIBOR + 310) (a)(c) | 6.093 | % | 12/15/37 | 675,000 | 645,886 | |||||||||||
| Arbor Realty Collateralized Loan, Series 2021-FL2, Class AS (1* 1MO LIBOR + 140) (a)(c) | 4.218 | % | 05/15/36 | 865,000 | 833,330 | |||||||||||
| Arbor Realty Collateralized Loan, Series 2022-FL1, Class D (1* SOFR30A + 300) (a)(c) | 5.285 | % | 01/15/37 | 1,250,000 | 1,175,611 | |||||||||||
| AREIT CRE Trust, Series 2022-CRE6, Class A (1* SOFR30A + 125) (a)(c) | 3.258 | % | 01/16/37 | 1,785,293 | 1,708,131 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| CRE/CLO - 5.6% (Continued) | ||||||||||||||||
| AREIT CRE Trust, Series 2021-CRE5, Class A (1* 1MO LIBOR + 108) (a)(c) | 3.460 | % | 11/17/38 | $ | 867,231 | $ | 836,985 | |||||||||
| AREIT CRE Trust, Series 2022-CRE7, Class C (1* SOFR + 384) (a)(c) | 6.139 | % | 06/17/39 | 900,000 | 887,216 | |||||||||||
| BDS Ltd., Series 2021-FL8, Class D (1* 1MO LIBOR + 300) (a)(c) | 4.893 | % | 01/18/36 | 1,000,000 | 926,377 | |||||||||||
| BXMT Ltd., Series 2020-FL2, Class D (1* 1MO LIBOR + 195) (a)(c) | 4.360 | % | 02/16/37 | 1,520,000 | 1,423,744 | |||||||||||
| BXMT Ltd., Series 2021-FL4, Class D (1* 1MO LIBOR + 225) (a)(c) | 4.641 | % | 05/17/38 | 2,250,000 | 2,092,855 | |||||||||||
| LoanCore Issuer Ltd., Series 2019-CRE3, Class D (1* 1MO LIBOR + 250) (a)(c) | 4.891 | % | 05/15/36 | 1,170,000 | 1,149,158 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class A (1* TSFR1M + 96) (a)(c) | 3.810 | % | 07/15/36 | 720,701 | 707,330 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL5, Class AS (1* TSFR1M + 131) (a)(c) | 4.160 | % | 07/15/36 | 777,000 | 755,474 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2021-FL7, Class AS (1* 1MO LIBOR + 145) (a)(c) | 3.827 | % | 10/16/36 | 1,100,000 | 1,056,009 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL8, Class B (1* SOFR30A + 195) (a)(c) | 4.234 | % | 02/19/37 | 1,500,000 | 1,426,167 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL10, Class C (1* TSFR1M + 448) (a)(c) | 6.768 | % | 09/07/37 | 1,500,000 | 1,494,459 | |||||||||||
| MF1 Multifamily Housing Mortgage Trust, Series 2022-FL10, Class D (1* TSFR1M + 573) (a)(c) | 8.014 | % | 09/17/37 | 750,000 | 751,688 | |||||||||||
| PFP Ltd., Series 2021-8, Class A (1* 1MO LIBOR + 100) (a)(c) | 3.387 | % | 08/16/37 | 1,660,322 | 1,577,706 | |||||||||||
| PFP Ltd., Series 2021-7, Class B (1* 1MO LIBOR + 140) (a)(c) | 3.787 | % | 04/14/38 | 699,965 | 660,439 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| CRE/CLO - 5.6% (Continued) | ||||||||||||||||
| PFP Ltd., Series 2021-7, Class D (1* 1MO LIBOR + 240) (a)(c) | 4.787 | % | 04/14/38 | $ | 749,963 | $ | 716,452 | |||||||||
| PFP Ltd., Series 2021-7, Class A (1* 1MO LIBOR + 85) (a)(c) | 3.668 | % | 04/16/38 | 368,189 | 358,076 | |||||||||||
| PFP Ltd., Series 2021-7, Class A-S (1* 1MO LIBOR + 115) (a)(c) | 3.968 | % | 04/16/38 | 1,499,925 | 1,435,844 | |||||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-1A, Class C (1* 1MO LIBOR + 190) (a)(c) | 4.984 | % | 07/25/36 | 500,000 | 472,976 | |||||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-1A, Class B (1* 1MO LIBOR + 240) (a)(c) | 5.483 | % | 07/25/36 | 1,000,000 | 946,109 | |||||||||||
| ReadyCap Commercial Mortgage Trust, Series 2021-1A, Class A (1* 1MO LIBOR + 290) (a)(c) | 5.984 | % | 07/25/36 | 1,000,000 | 943,379 | |||||||||||
| Rialto Real Estate Fund LP, Series 2022-FL8, Class B (1* TSFR1M + 325) (a)(c) | 5.546 | % | 01/19/27 | 1,750,000 | 1,707,993 | |||||||||||
| Shelter Growth Capital Partners, LLC, Series 2021-FL3, Class A (1* 1MO LIBOR + 108) (a)(c) | 3.898 | % | 09/15/36 | 320,448 | 312,707 | |||||||||||
| 30,958,742 | ||||||||||||||||
| Credit Cards - 2.8% | ||||||||||||||||
| Brex Commercial Charge Card Master Trust, Series 2022-1, Class A (c) | 4.630 | % | 07/15/25 | 700,000 | 677,944 | |||||||||||
| Continental Credit Card, LLC, Series 2019-1, Class A (c) | 3.830 | % | 08/15/26 | 543,830 | 537,081 | |||||||||||
| Continental Credit Card, LLC, Series 2019-1, Class B (c) | 4.950 | % | 08/15/26 | 300,000 | 292,268 | |||||||||||
| Continental Credit Card, LLC, Series 2020-A, Class A (c) | 2.240 | % | 12/15/28 | 1,350,000 | 1,244,128 | |||||||||||
| Continental Credit Card, LLC, Series 2020-A, Class B (c) | 3.660 | % | 12/15/28 | 1,200,000 | 1,090,429 | |||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class B (c) | 3.490 | % | 12/17/29 | 500,000 | 455,657 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Credit Cards - 2.8% (Continued) | ||||||||||||||||
| Continental Credit Card, LLC, Series 2021-A, Class C (c) | 4.020 | % | 12/17/29 | $ | 500,000 | $ | 451,620 | |||||||||
| Continental Credit Card, LLC, Series 2022-A, Class C (c) | 9.330 | % | 10/15/30 | 2,300,000 | 2,254,778 | |||||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class D (c) | 6.630 | % | 07/20/26 | 750,000 | 746,444 | |||||||||||
| Genesis Private Label Amortization Trust, Series 2020-1, Class C (c) | 4.190 | % | 07/20/30 | 28,497 | 28,447 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2020-AA, Class B (c) | 2.240 | % | 09/22/25 | 535,000 | 512,515 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2020-AA, Class C (c) | 2.990 | % | 09/22/25 | 300,000 | 272,634 | |||||||||||
| Genesis Sales Finance Master Trust, Series 2021-AA, Class D (c) | 2.090 | % | 12/21/26 | 750,000 | 670,913 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2021-1A, Class B (c) | 2.330 | % | 03/20/26 | 2,600,000 | 2,429,198 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2021-1A, Class A (c) | 1.540 | % | 03/23/26 | 2,975,000 | 2,826,249 | |||||||||||
| Mercury Financial Credit Card Master Trust, Series 2022-1A, Class B (c) | 3.200 | % | 09/21/26 | 880,000 | 797,196 | |||||||||||
| 15,287,501 | ||||||||||||||||
| Equipment - 0.7% | ||||||||||||||||
| Business Jet Securities, LLC, Series 2020-1, Class B (c) | 3.967 | % | 11/15/35 | 212,679 | 190,021 | |||||||||||
| Business Jet Securities, LLC, Series 2021-1A, Class B (c) | 2.918 | % | 04/15/36 | 310,544 | 263,591 | |||||||||||
| CLI Funding VI, LLC, Series 2020-1, Class B (c) | 3.620 | % | 09/18/45 | 514,150 | 453,787 | |||||||||||
| Octana Receivables Trust, Series 2022-2A, Class D (c) | 7.700 | % | 09/20/30 | 2,000,000 | 1,883,855 | |||||||||||
| Octane Receivables Trust, Series 2021-1A, Class C (c) | 2.230 | % | 11/20/28 | 550,000 | 491,768 | |||||||||||
| Stellar Jay Ireland DAC, Series 2021-1, Class B (c)(e) | 5.926 | % | 03/15/28 | 946,940 | 794,832 | |||||||||||
| 4,077,854 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| HECM - 4.0% | ||||||||||||||||
| Boston Lending Trust, Series 2022-1, Class M2 (c)(e) | 2.750 | % | 02/25/62 | $ | 508,928 | $ | 382,488 | |||||||||
| Brean ABS Trust, Series 2021-RM2, Class A (c) | 1.750 | % | 10/25/61 | 1,407,772 | 1,223,479 | |||||||||||
| Brean ABS Trust, Series 2022-RM3, Class A (c) | 1.750 | % | 02/25/62 | 1,545,383 | 1,334,688 | |||||||||||
| Brean ABS Trust, Series 2022-RM4, Class M1 (c)(e) | 3.000 | % | 07/25/62 | 1,003,920 | 671,881 | |||||||||||
| Brean ABS Trust, Series 2022-RM4, Class AZ (c) | 3.000 | % | 07/25/62 | 2,100,000 | 1,670,402 | |||||||||||
| Brean ABS Trust, Series 2022-RM5, Class M1 (c)(e) | 4.500 | % | 09/25/62 | 2,300,000 | 1,664,086 | |||||||||||
| Brean ABS Trust, Series 2022-RM5, Class M2 (c)(e) | 4.500 | % | 09/25/62 | 2,600,000 | 1,656,688 | |||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class M3 (c) | 3.750 | % | 04/25/25 | 1,500,000 | 1,279,350 | |||||||||||
| Cascade Funding Mortgage Trust, Series 2022-HB8, Class A (c) | 3.750 | % | 04/25/25 | 1,585,955 | 1,538,377 | |||||||||||
| Finance of America HECM Buyout, Series 2022-HB1, Class M3 (a)(c) | 5.084 | % | 11/25/25 | 1,650,000 | 1,528,624 | |||||||||||
| Finance of America HECM Buyout, Series 2022-HB2, Class M3 (c) | 6.000 | % | 09/25/27 | 2,000,000 | 1,871,418 | |||||||||||
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 (c) | 3.690 | % | 11/25/31 | 550,000 | 488,233 | |||||||||||
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AI (a)(c) | 1.719 | % | 10/25/50 | 2,448,436 | 2,301,709 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2021-2, Class A (c) | 2.125 | % | 09/25/61 | 1,435,757 | 1,215,378 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2022-1, Class A (c) | 3.000 | % | 01/25/62 | 1,575,280 | 1,400,083 | |||||||||||
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 (a)(c) | 3.750 | % | 06/25/62 | 1,100,000 | 680,287 | |||||||||||
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 (a)(c)(e) | 3.000 | % | 01/25/62 | 1,000,000 | 808,420 | |||||||||||
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 (c)(e) | 3.000 | % | 01/25/62 | 1,000,000 | 753,813 | |||||||||||
| 22,469,404 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Hospitality - 1.4% | ||||||||||||||||
| BHMS Mortgage Trust, Series 2018-ATLS, Class A (1* 1MO LIBOR + 125) (a)(c) | 4.068 | % | 07/16/35 | $ | 840,991 | $ | 812,003 | |||||||||
| BX Commercial Mortgage Trust, Series 2020-VIV3, Class B (a)(c) | 3.544 | % | 03/09/44 | 1,300,000 | 1,084,206 | |||||||||||
| BX Trust, Series 2018-GW, Class D (1* 1MO LIBOR + 177) (a)(c) | 4.588 | % | 05/15/35 | 785,000 | 741,591 | |||||||||||
| BX Trust, Series 2018-GW, Class E (1* 1MO LIBOR + 197) (a)(c) | 4.361 | % | 05/15/37 | 1,802,000 | 1,698,010 | |||||||||||
| BX Trust, Series 2019-OC11, Class A (c) | 3.202 | % | 12/11/41 | 1,177,000 | 980,423 | |||||||||||
| Extended Stay America Trust, Series 2021-ESH, Class E (1* 1MO LIBOR + 285) (a)(c) | 5.670 | % | 07/15/38 | 993,883 | 943,924 | |||||||||||
| Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class B (1* 1MO LIBOR + 125) (a)(c) | 4.068 | % | 07/15/25 | 663,210 | 638,202 | |||||||||||
| Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class C (1* 1MO LIBOR + 145) (a)(c) | 4.268 | % | 07/15/25 | 882,756 | 845,033 | |||||||||||
| 7,743,392 | ||||||||||||||||
| Industrial - 1.1% | ||||||||||||||||
| BX Trust, Series 2021-VOLT, Class D (1* 1MO LIBOR + 165) (a)(c) | 4.468 | % | 09/15/36 | 1,500,000 | 1,392,466 | |||||||||||
| BX Trust, Series 2021-VOLT, Class E (1* 1MO LIBOR + 200) (a)(c) | 4.818 | % | 09/15/36 | 1,755,000 | 1,618,196 | |||||||||||
| BX Trust, Series 2021-VINO, Class C (1* 1MO LIBOR + 110) (a)(c) | 3.920 | % | 05/15/38 | 1,470,000 | 1,381,578 | |||||||||||
| BX Trust, Series 2021-VINO, Class A (1* 1MO LIBOR + 65) (a)(c) | 3.470 | % | 05/17/38 | 800,000 | 765,168 | |||||||||||
| Cold Storage Trust, Series 2020-ICE5, Class E (1* 1MO LIBOR + 277) (a)(c) | 5.160 | % | 11/16/37 | 491,495 | 473,651 | |||||||||||
| SMR Mortgage Trust, Series 2022-IND, Class D (1* TSFR1M + 395) (a)(c) | 6.795 | % | 02/25/39 | 482,295 | 454,743 | |||||||||||
| 6,085,802 | ||||||||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Manufactured Housing - 0.0% (d) | ||||||||||||||||
| Cascade Funding Mortgage Trust, Series 2019-MH1, Class M (a)(c) | 5.985 | % | 11/25/44 | $ | 100,000 | $ | 92,011 | |||||||||
| Multifamily - 2.0% | ||||||||||||||||
| Freedom Mortgage Trust, Series 2016-KF17, Class B (1* 1MO LIBOR + 584) (a)(c) | 8.393 | % | 03/25/23 | 221,934 | 221,587 | |||||||||||
| Freedom Mortgage Trust, Series 2017-KF39, Class B (1* 1MO LIBOR + 250) (a)(c) | 5.053 | % | 11/25/24 | 330,814 | 327,959 | |||||||||||
| Freedom Mortgage Trust, Series 2018-KF53, Class B (1* 1MO LIBOR + 205) (a)(c) | 4.603 | % | 10/27/25 | 616,284 | 611,588 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF42, Class B (1* 1MO LIBOR + 220) (a)(c) | 4.562 | % | 12/25/24 | 603,756 | 587,611 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF44, Class B (1* 1MO LIBOR + 215) (a)(c) | 4.703 | % | 02/25/25 | 213,477 | 211,951 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1* 1MO LIBOR + 215) (a)(c) | 4.703 | % | 01/25/28 | 280,895 | 272,245 | |||||||||||
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1* 1MO LIBOR + 190) (a)(c) | 4.262 | % | 07/25/28 | 338,254 | 332,477 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1* 1MO LIBOR + 225) (a)(c) | 4.803 | % | 01/25/29 | 1,207,228 | 1,184,066 | |||||||||||
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1* 1MO LIBOR + 225) (a)(c) | 4.803 | % | 08/25/29 | 394,716 | 390,812 | |||||||||||
| Multi Family Connecticut Avenue, Series 2020-01, Class M-7 (1* 1MO LIBOR + 195) (a)(c) | 5.034 | % | 03/25/50 | 100,171 | 98,174 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN2, Class M-1 (1* SOFR30A + 180) (a)(c) | 4.081 | % | 07/25/41 | 1,970,313 | 1,839,159 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN1, Class M-1 (1* SOFR30A + 200) (a)(c) | 4.281 | % | 01/25/51 | 1,076,038 | 1,033,537 | |||||||||||
| MultiFamily Structured Credit Risk, Series 2021-MN3, Class M1 (1* SOFR30A + 230) (a)(c) | 4.581 | % | 11/25/51 | 2,199,624 | 2,103,320 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Multifamily - 2.0% (Continued) | ||||||||||||||||
| MultiFamily Structured Credit Risk, Series 2022-MN4, Class M1 (1* SOFR30A + 425) (a)(c) | 6.433 | % | 05/25/52 | $ | 1,993,935 | $ | 2,024,327 | |||||||||
| 11,238,813 | ||||||||||||||||
| Non-Agency MBS 2.0 - 0.3% | ||||||||||||||||
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 (1* SOFR30A + 155) (a) | 3.831 | % | 02/25/50 | 731,191 | 675,887 | |||||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1 (1* SOFR30A + 130) (a)(c) | 3.581 | % | 02/26/71 | 672,492 | 619,685 | |||||||||||
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 (1* SOFR30A + 180) (a)(c) | 4.081 | % | 02/26/71 | 507,567 | 477,010 | |||||||||||
| 1,772,582 | ||||||||||||||||
| Non-QM - 0.2% | ||||||||||||||||
| Angel Oak Mortgage Trust, Series 2019-1, Class B1 (c) | 5.400 | % | 11/25/48 | 1,250,000 | 1,194,023 | |||||||||||
| Residential Transition Loan - 2.1% | ||||||||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 (c) | 3.280 | % | 03/25/25 | 800,000 | 771,242 | |||||||||||
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 (c) | 5.610 | % | 03/25/25 | 500,000 | 483,095 | |||||||||||
| Antler Mortgage Trust, Series 2021-RTL1, Class M (a)(c) | 5.438 | % | 05/25/25 | 1,750,000 | 1,634,880 | |||||||||||
| Colony American Finance Ltd., Series 2021-RTL1, Class A2 (c) | 3.104 | % | 03/26/29 | 1,000,000 | 888,336 | |||||||||||
| LHFC Depositor, LLC, Series 2020-RTL1, Class A2 (c) | 3.721 | % | 10/25/24 | 750,000 | 721,932 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class A2 (c) | 2.783 | % | 06/25/26 | 700,000 | 616,393 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL1, Class M (a)(c) | 4.458 | % | 09/25/26 | 750,000 | 662,172 | |||||||||||
| LHOME Mortgage Trust, Series 2021-RTL2, Class M (c) | 4.458 | % | 09/25/26 | 1,250,000 | 1,023,261 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Residential Transition Loan - 2.1% (Continued) | ||||||||||||||||
| LHOME Mortgage Trust, Series 2022-RTL1, Class M (c) | 6.900 | % | 02/25/27 | $ | 1,250,000 | $ | 1,129,801 | |||||||||
| New York Mortgage Trust, Series 2022-BPL1, Class A2 (c) | 4.948 | % | 11/25/27 | 1,200,000 | 1,116,798 | |||||||||||
| ROC Securities Trust, Series 2021-RTL1, Class A2 (c) | 3.351 | % | 08/25/26 | 1,500,000 | 1,321,287 | |||||||||||
| Toorak Mortgage Corp., Series 2021-1, Class A-1 (c) | 2.240 | % | 06/25/24 | 510,000 | 483,845 | |||||||||||
| Toorak Mortgage Corp., Series 2022-1, Class A2 (c) | 4.948 | % | 03/25/29 | 1,000,000 | 938,628 | |||||||||||
| 11,791,670 | ||||||||||||||||
| Retail - 1.5% | ||||||||||||||||
| Aventura Mall Trust, Series 2018-AVM, Class C (a)(c) | 4.249 | % | 07/09/40 | 650,000 | 546,747 | |||||||||||
| BX Trust, Series 2021-VIEW, Class B (1* 1MO LIBOR + 180) (a)(c) | 4.618 | % | 06/15/36 | 1,150,000 | 1,093,725 | |||||||||||
| BX Trust, Series 2021-VIEW, Class E (1* 1MO LIBOR + 360) (a)(c) | 6.418 | % | 06/15/36 | 2,000,000 | 1,839,003 | |||||||||||
| BX Trust, Series 2018-EXCL, Class A (1* 1MO LIBOR + 109) (a)(c) | 3.480 | % | 09/15/37 | 148,851 | 145,694 | |||||||||||
| BX Trust, Series 2018-EXCL, Class B (1* 1MO LIBOR + 133) (a)(c) | 3.717 | % | 09/15/37 | 175,000 | 170,935 | |||||||||||
| BX Trust, Series 2018-EXCL, Class C (1* 1MO LIBOR + 198) (a)(c) | 4.370 | % | 09/15/37 | 2,100,000 | 2,018,406 | |||||||||||
| Credit Suisse First Boston, Series 2018-SITE, Class A (c) | 4.284 | % | 04/17/36 | 127,000 | 121,068 | |||||||||||
| Credit Suisse First Boston, Series 2018-SITE, Class C (a)(c) | 4.941 | % | 04/17/36 | 300,000 | 282,073 | |||||||||||
| Credit Suisse First Boston, Series 2018-SITE, Class D (a)(c) | 4.941 | % | 04/17/36 | 235,000 | 216,577 | |||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class B (1* 1MO LIBOR + 145) (a)(c) | 4.268 | % | 02/15/40 | 681,766 | 644,272 | |||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C (1* 1MO LIBOR + 180) (a)(c) | 4.618 | % | 02/15/40 | 386,334 | 360,375 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Retail - 1.5% (Continued) | ||||||||||||||||
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D (1* 1MO LIBOR + 250) (a)(c) | 5.318 | % | 02/15/40 | $ | 727,217 | $ | 671,832 | |||||||||
| 8,110,707 | ||||||||||||||||
| Single Family Rental - 3.9% | ||||||||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class E (c) | 6.231 | % | 10/17/36 | 300,000 | 298,254 | |||||||||||
| American Homes 4 Rent, Series 2014-SFR2, Class D (c) | 3.678 | % | 12/17/36 | 320,603 | 309,045 | |||||||||||
| American Homes 4 Rent, Series 2014-SFR3, Class E (c) | 6.418 | % | 12/18/36 | 300,000 | 299,358 | |||||||||||
| American Homes 4 Rent, Series 2015-SFR1, Class A (c) | 3.467 | % | 04/17/52 | 111,261 | 106,502 | |||||||||||
| Colony American Finance Ltd., Series 2020-4, Class E (c) | 3.379 | % | 12/15/52 | 750,000 | 561,037 | |||||||||||
| Firstkey Homes Trust, Series 2022-SFR2, Class D (c) | 4.500 | % | 07/17/39 | 1,250,000 | 1,128,972 | |||||||||||
| Home Partners of America Trust, Series 2021-2, Class D (c) | 2.652 | % | 12/17/26 | 975,330 | 841,457 | |||||||||||
| Home Partners of America Trust, Series 2019-1, Class B (c) | 3.157 | % | 09/17/27 | 487,736 | 433,474 | |||||||||||
| Home Partners of America Trust, Series 2019-2, Class B (c) | 2.922 | % | 10/19/39 | 603,012 | 516,316 | |||||||||||
| Progress Residential Trust, Series 2019-SFR4, Class A (c) | 2.687 | % | 10/17/36 | 375,000 | 356,502 | |||||||||||
| Progress Residential Trust, Series 2020-SFR1, Class A (c) | 1.732 | % | 04/17/37 | 3,446,657 | 3,192,024 | |||||||||||
| Progress Residential Trust, Series 2021-SFR1, Class B (c) | 1.303 | % | 04/17/38 | 3,400,000 | 2,881,429 | |||||||||||
| Progress Residential Trust, Series 2021-SFR1, Class E (c) | 2.106 | % | 04/17/38 | 1,058,000 | 888,241 | |||||||||||
| Progress Residential Trust, Series 2021-SFR4, Class A (c) | 1.558 | % | 05/19/38 | 2,500,000 | 2,191,946 | |||||||||||
| Progress Residential Trust, Series 2022-SFR3, Class D (c) | 4.450 | % | 04/17/39 | 1,550,000 | 1,401,033 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Single Family Rental - 3.9% (Continued) | ||||||||||||||||
| Progress Residential Trust, Series 2022-SFR5, Class D (c) | 5.734 | % | 06/17/39 | $ | 800,000 | $ | 753,595 | |||||||||
| Progress Residential Trust, Series 2022-SFR5, Class E-1 (c) | 6.618 | % | 06/17/39 | 800,000 | 753,044 | |||||||||||
| Progress Residential Trust, Series 2021-SFR10, Class A (c) | 2.393 | % | 12/17/40 | 2,000,000 | 1,679,397 | |||||||||||
| Star Trust, Series 2021-SFR1, Class E (1* 1MO LIBOR + 170) (a)(c) | 4.694 | % | 04/17/38 | 1,200,000 | 1,135,185 | |||||||||||
| Tricon Residential Trust, Series 2022-SFR2, Class D (c) | 6.230 | % | 07/17/40 | 2,000,000 | 1,918,794 | |||||||||||
| 21,645,605 | ||||||||||||||||
| Small Business - 1.1% | ||||||||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class A (c) | 2.390 | % | 04/15/26 | 1,000,000 | 939,786 | |||||||||||
| Credibility Asset Securitization, Series 2021-1A, Class C (c) | 3.380 | % | 04/15/26 | 1,250,000 | 1,134,922 | |||||||||||
| FORA Financial Asset Securitization, Series 2021-1A, Class C (c) | 3.850 | % | 05/15/27 | 418,000 | 376,527 | |||||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class A (1* Prime - 55) (a)(c) | 5.700 | % | 02/25/44 | 439,342 | 433,531 | |||||||||||
| Newtek Small Business Loan Trust, Series 2018-1, Class B (1* Prime + 75) (a)(c) | 7.000 | % | 02/25/44 | 115,616 | 114,250 | |||||||||||
| Newtek Small Business Loan Trust, Series 2019-01, Class A (1* Prime - 90) (a)(c) | 5.350 | % | 12/25/44 | 510,871 | 505,618 | |||||||||||
| Newtek Small Business Loan Trust, Series 2022-1, Class B (1* SOFR + 375) (a)(c) | 5.750 | % | 10/25/49 | 1,457,653 | 1,445,599 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class B (c) | 2.280 | % | 05/17/27 | 750,000 | 678,164 | |||||||||||
| OnDeck Asset Securitization Trust, Series 2021-1A, Class C (c) | 2.970 | % | 05/17/27 | 650,000 | 580,972 | |||||||||||
| 6,209,369 | ||||||||||||||||
| Student Loan - 0.8% | ||||||||||||||||
| College Ave Student Loans, Series 2018-A, Class B (c) | 4.750 | % | 12/26/47 | 70,493 | 66,027 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Student Loan - 0.8% (Continued) | ||||||||||||||||
| College Ave Student Loans, Series 2018-A, Class C (c) | 5.500 | % | 12/26/47 | $ | 64,814 | $ | 61,598 | |||||||||
| College Ave Student Loans, Series 2019-A, Class C (c) | 4.460 | % | 12/28/48 | 189,167 | 178,127 | |||||||||||
| College Ave Student Loans, Series 2019-A, Class A1 (1* 1MO LIBOR + 140) (a)(c) | 4.484 | % | 12/28/48 | 109,884 | 108,595 | |||||||||||
| College Ave Student Loans, Series 2021-A, Class B (c) | 2.320 | % | 07/25/51 | 617,983 | 541,539 | |||||||||||
| College Ave Student Loans, Series 2021-A, Class D (c) | 4.120 | % | 07/25/51 | 500,000 | 443,657 | |||||||||||
| Laurel Road Prime Student Loan, Series 2018-B, Class A2 (c) | 3.540 | % | 05/26/43 | 13,210 | 13,131 | |||||||||||
| Laurel Road Prime Student Loan, Series 2019-A, Class A2FX (c) | 2.730 | % | 10/25/48 | 63,753 | 62,443 | |||||||||||
| Prodigy Finance, Series 2021-1A, Class A (1* 1MO LIBOR + 125) (a)(c) | 4.334 | % | 07/25/51 | 586,631 | 572,377 | |||||||||||
| SMB Private Education Loan Trust, Series 2018-C, Class B (c) | 4.000 | % | 11/17/42 | 200,000 | 182,702 | |||||||||||
| Social Professional Loan Program, Series 2017-B, Class CFX (a)(c) | 4.440 | % | 05/25/40 | 150,000 | 147,284 | |||||||||||
| Social Professional Loan Program, Series 2017-E, Class C (c) | 4.160 | % | 11/26/40 | 700,000 | 663,358 | |||||||||||
| Social Professional Loan Program, Series 2016-E, Class C (a)(c) | 4.430 | % | 10/25/41 | 179,540 | 170,080 | |||||||||||
| Social Professional Loan Program, Series 2020-A, Class BFX (c) | 3.120 | % | 05/15/46 | 425,000 | 353,403 | |||||||||||
| Social Professional Loan Program, Series 2018-D, Class BFX (c) | 4.140 | % | 02/25/48 | 500,000 | 447,420 | |||||||||||
| Social Professional Loan Program, Series 2019-C, Class BFX (c) | 3.050 | % | 11/16/48 | 730,000 | 628,130 | |||||||||||
| 4,639,871 | ||||||||||||||||
| Unsecured Consumer - 6.1% | ||||||||||||||||
| Affirm, Inc., Series 2022-Z1, Class A (c) | 4.550 | % | 06/15/27 | 1,575,564 | 1,544,980 | |||||||||||
| Affirm, Inc., Series 2022-Z1, Class B (c) | 6.490 | % | 06/15/27 | 1,500,000 | 1,421,339 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Unsecured Consumer - 6.1% (Continued) | ||||||||||||||||
| Avant Loans Funding Trust, Series 2021-REV1, Class C (c) | 2.300 | % | 07/15/30 | $ | 1,800,000 | $ | 1,611,127 | |||||||||
| Freedom Financial Trust, Series 2022-3FP, Class D (c) | 7.360 | % | 08/20/29 | 2,000,000 | 1,924,701 | |||||||||||
| Lendmark Funding Trust, Series 2020-2A, Class C (c) | 4.690 | % | 04/21/31 | 550,000 | 480,657 | |||||||||||
| Lendmark Funding Trust, Series 2021-1A, Class C (c) | 3.410 | % | 11/20/31 | 750,000 | 582,779 | |||||||||||
| LL ABS Trust, Series 2021-1A, Class A (c) | 1.070 | % | 05/15/29 | 949,159 | 910,223 | |||||||||||
| LL ABS Trust, Series 2021-1A, Class B (c) | 2.170 | % | 05/15/29 | 1,500,000 | 1,352,259 | |||||||||||
| Mariner Finance Issuance Trust, Series 2021-AA, Class D (c) | 4.340 | % | 03/20/36 | 1,000,000 | 825,292 | |||||||||||
| Oportun Funding XIII, LLC, Series 2019-13, Class B (c) | 3.870 | % | 08/08/25 | 464,169 | 460,180 | |||||||||||
| Oportun Funding XIV, LLC, Series 2021-A, Class C (c) | 3.440 | % | 03/08/28 | 1,850,000 | 1,702,002 | |||||||||||
| Oportun Funding, LLC, Series 2022-1, Class C (c) | 6.000 | % | 06/15/29 | 1,000,000 | 954,483 | |||||||||||
| Oportun Funding, LLC, Series 2021-B, Class A (c) | 1.470 | % | 05/08/31 | 1,650,000 | 1,464,762 | |||||||||||
| Oportun Funding, LLC, Series 2021-B, Class C (c) | 3.650 | % | 05/08/31 | 650,000 | 587,473 | |||||||||||
| Oportun Funding, LLC, Series 2021-C, Class A (c) | 2.180 | % | 10/08/31 | 2,260,000 | 1,994,764 | |||||||||||
| Opportunity Funding LLC, Series 2021-A, Class B (c) | 1.760 | % | 03/08/28 | 1,540,000 | 1,415,544 | |||||||||||
| Opportunity Funding, LLC, Series 2022-A, Class C (c) | 7.400 | % | 06/09/31 | 1,500,000 | 1,427,833 | |||||||||||
| Regional Management Issuance Trust, Series 2020-1, Class A (c) | 2.340 | % | 10/15/30 | 1,600,000 | 1,478,024 | |||||||||||
| Regional Management Issuance Trust, Series 2021-1, Class C (c) | 3.040 | % | 03/17/31 | 1,000,000 | 839,332 | |||||||||||
| Regional Management Issuance Trust, Series 2021-2, Class C (c) | 3.230 | % | 08/15/33 | 650,000 | 509,468 | |||||||||||
| Republic Finance, Series 2020-A, Class B (c) | 3.540 | % | 11/20/30 | 1,185,000 | 1,082,676 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Securitized - 67.1% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| Unsecured Consumer - 6.1% (Continued) | ||||||||||||||||
| Upgrade Master Pass-Through Trust, Series 2019-ST1, Class A (c) | 4.000 | % | 07/15/25 | $ | 21,775 | $ | 21,461 | |||||||||
| Upgrade Master Pass-Through Trust, Series 2019-ST3, Class A (c) | 3.750 | % | 11/15/25 | 11,668 | 11,657 | |||||||||||
| Upstart Pass-Through Trust, Series 2020-ST6, Class A (c) | 3.000 | % | 01/20/27 | 256,436 | 244,609 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST2, Class A (c) | 2.500 | % | 04/20/27 | 576,944 | 551,230 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST4, Class A (c) | 2.000 | % | 07/20/27 | 1,650,682 | 1,541,435 | |||||||||||
| Upstart Pass-Through Trust, Series 2021-ST10, Class A (c) | 2.250 | % | 01/20/30 | 1,431,540 | 1,358,180 | |||||||||||
| Upstart Pass-Through Trust, Series 2022-ST1, Class A (c) | 2.600 | % | 03/20/30 | 782,948 | 733,918 | |||||||||||
| Upstart Securitization Trust, Series 2021-ST1, Class A (c) | 2.750 | % | 02/20/27 | 421,210 | 401,872 | |||||||||||
| Upstart Securitization Trust, Series 2021-3, Class B (c) | 1.660 | % | 07/20/31 | 500,000 | 460,496 | |||||||||||
| Upstart Securitization Trust, Series 2022-4, Class A (c) | 5.980 | % | 08/20/32 | 2,500,000 | 2,465,702 | |||||||||||
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A | 4.250 | % | 02/15/46 | 1,517,101 | 1,459,218 | |||||||||||
| 33,819,676 | ||||||||||||||||
| Total Securitized (Cost $408,364,638) | $ | 373,447,114 | ||||||||||||||
| Treasury - 14.5% | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Inflation-Protected Notes | 0.125 | % | 01/15/23 | $ | 2,175,651 | $ | 2,153,895 | |||||||||
| U.S. Treasury Notes | 1.625 | % | 02/15/26 | 5,000,000 | 4,591,602 | |||||||||||
| U.S. Treasury Notes | 2.250 | % | 08/15/27 | 2,000,000 | 1,838,438 | |||||||||||
| U.S. Treasury Notes | 0.500 | % | 10/31/27 | 10,000,000 | 8,371,094 | |||||||||||
| U.S. Treasury Notes (b) | 1.250 | % | 09/30/28 | 6,500,000 | 5,532,871 | |||||||||||
| U.S. Treasury Notes | 0.625 | % | 08/15/30 | 5,000,000 | 3,917,773 | |||||||||||
Diamond Hill Core Bond Fund
Schedule of Investments (Continued)
September 30, 2022 (Unaudited)
| Treasury - 14.5% (Continued) | Coupon | Maturity | Shares / Par Value | Fair Value | ||||||||||||
| U.S. Treasury Notes (b) | 0.875 | % | 11/15/30 | $ | 1,000,000 | $ | 796,641 | |||||||||
| U.S. Treasury STRIPS | 0.000 | % | 11/15/31 | 2,000,000 | 1,395,450 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/33 | 2,000,000 | 1,329,219 | |||||||||||
| U.S. Treasury STRIPS (b) | 0.000 | % | 05/15/33 | 600,000 | 394,437 | |||||||||||
| U.S. Treasury STRIPS (b) | 0.000 | % | 08/15/34 | 6,000,000 | 3,739,852 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 11/15/34 | 3,000,000 | 1,850,105 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 05/15/35 | 3,000,000 | 1,813,408 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/36 | 10,250,000 | 6,015,824 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/37 | 6,500,000 | 3,664,838 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 02/15/38 | 6,000,000 | 3,248,397 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 11/15/38 | 6,000,000 | 3,118,704 | |||||||||||
| U.S. Treasury Bonds | 1.125 | % | 08/15/40 | 11,000,000 | 6,813,984 | |||||||||||
| U.S. Treasury Bonds | 1.375 | % | 11/15/40 | 9,000,000 | 5,818,008 | |||||||||||
| U.S. Treasury STRIPS | 0.000 | % | 08/15/41 | 1,000,000 | 453,742 | |||||||||||
| U.S. Treasury Bonds (b) | 2.750 | % | 11/15/42 | 1,000,000 | 810,117 | |||||||||||
| U.S. Treasury Bonds | 2.250 | % | 08/15/46 | 1,780,000 | 1,281,739 | |||||||||||
| U.S. Treasury Bonds | 3.000 | % | 02/15/48 | 3,000,000 | 2,525,625 | |||||||||||
| U.S. Treasury Bonds | 1.250 | % | 05/15/50 | 16,000,000 | 8,955,000 | |||||||||||
| Total Treasury (Cost $97,181,160) | $ | 80,430,763 | ||||||||||||||
| Registered Investment Companies - 6.3% | Shares | Fair Value | ||||||
| State Street Institutional Liquid Reserves Fund - Premier Class, 2.90% (f) | 9,914,792 | $ | 9,914,792 | |||||
| State Street Navigator Securities Lending Portfolio I, 3.13% (f)(g) | 25,448,724 | 25,448,724 | ||||||
| Total Registered Investment Companies (Cost $35,363,050) | $ | 35,363,516 | ||||||
| Total Investment Securities - 104.5% (Cost $645,246,599) | $ | 581,334,920 | ||||||
| Liabilities in Excess of Other Assets - (4.5)% | (25,242,770 | ) | ||||||
| Net Assets - 100.0% | $ | 556,092,150 | ||||||
| (a) | Variable rate security. The rate shown is the effective interest rate as of September 30, 2022. 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, 2022 was $25,529,075. |
| (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 9/30/2022 was $234,209,903, representing 42.1% 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, 2022 was $9,724,411, representing 1.7% of net assets. |
| (f) | The rate shown is the 7-day effective yield as of September 30, 2022. |
| (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 $823,293. |
| BV - | Besloten Vennootschap |
| CV - | Convertible Security |
| IO - | Interest Only |
| LIBOR - | London Interbank Offered Rate |
| NA - | National Association |
| NV - | Naamloze Vennootschap |
| 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 Secured Overnight Financing Rate |
| UA - | Uitgesloten Aansprakelijkheid |