# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0001398344-26-010863
**Filing Date:** 2026-6
**Character Count:** 8275
**Document Hash:** d841656f22a13343c4447304ff23cbc3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-010863.hdr.sgml**: 20260616

**ACCESSION NUMBER**: 0001398344-26-010863

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260616

**DATE AS OF CHANGE**: 20260616

**EFFECTIVENESS DATE**: 20260616

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIAMOND HILL FUNDS
- **CENTRAL INDEX KEY:** 0001032423

**ORGANIZATION NAME:**
- **EIN:** 316547095
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-22075
- **FILM NUMBER:** 261093039

**BUSINESS ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-255-3333

**MAIL ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BSG FUNDS
- **DATE OF NAME CHANGE:** 19970206

## Series and Classes Contracts Data

### Diamond Hill Large Cap Fund (Series ID: S000003155)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| Diamond Hill Large Cap Fund Investor | DHLAX         | C000008533 |
| Diamond Hill Large Cap Fund Class I  | DHLRX         | C000008535 |
| Diamond Hill Large Cap Fund Class Y  | DHLYX         | C000108464 |

---

### Diamond Hill Select Fund (Series ID: S000012191)

---

|  |  |  |
|:---|:---|:---|
| Class Name                        | Ticker Symbol | Class ID   |
| Diamond Hill Select Fund Investor | DHTAX         | C000033259 |
| Diamond Hill Select Fund Class I  | DHLTX         | C000033261 |
| Diamond Hill Select Fund Class Y  | DHTYX         | C000108468 |

---

## Series and Classes Contracts Data

### Diamond Hill Large Cap Fund (Series ID: S000003155)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000008533 | Diamond Hill Large Cap Fund Investor | DHLAX           |
| C000008535 | Diamond Hill Large Cap Fund Class I  | DHLRX           |
| C000108464 | Diamond Hill Large Cap Fund Class Y  | DHLYX           |

### Diamond Hill Select Fund (Series ID: S000012191)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000033259 | Diamond Hill Select Fund Investor | DHTAX           |
| C000033261 | Diamond Hill Select Fund Class I  | DHLTX           |
| C000108468 | Diamond Hill Select Fund Class Y  | DHTYX           |

**DIAMOND HILL FUNDS**

**Diamond Hill Large Cap Fund**

**Diamond Hill Select Fund**

**Supplement dated June 16, 2026**

**to the Summary Prospectus Dated February 28, 2026, and**

**to the Prospectus Dated February 28, 2026, each as supplemented, and**

**to the Statement of Additional Information Dated February 28, 2026, as supplemented**

**<u>Summary Prospectus and Prospectus</u>**

**Effective June 30, 2026, the Portfolio Management section on Page 3 of the Summary Prospectus and Page 12 of the Prospectus for the Large Cap Fund is revised as follows:**

Charles Bath and Nathan Palmer are added as Portfolio Managers of the Fund. In connection with this transition, Austin Hawley will no longer serve as a Portfolio Manager of the Fund. All references to Mr. Hawley are hereby deleted.

**Effective June 30, 2026, the Portfolio Management section on Page 3 of the Summary Prospectus and Page 15 of the Prospectus for the Select Fund is revised as follows:**

Anthony Philipp and Christopher Welch are added as Portfolio Managers of the Fund and will work together with Richard Snowdon who will continue to serve as a Portfolio Manager of the Fund until his planned retirement in April 2027. In connection with this transition, Austin Hawley will no longer serve as a Portfolio Manager of the Fund. All references to Mr. Hawley are hereby deleted.

The table in the Portfolio Managers section on page 49 of the Prospectus is hereby amended to reflect the addition of Messrs. Bath and Palmer as Portfolio Managers of the Diamond Hill Large Cap Fund and Messrs. Philipp and Welch as Portfolio Managers of the Diamond Hill Select Fund and to delete all references to Mr. Hawley.

The following biographical information is also added to that section:

**Mr. Bath** has a Bachelor of Science degree in Accounting from Miami University, a Master's of Business Administration from The Ohio State University and holds the CFA designation. He has been an investment professional with the Adviser since 2002, serving as portfolio manager of the Large Cap strategy from 2002-2024 and Managing Director—Emeritus since 2025. From 1985 to September 2002, Mr. Bath was a senior portfolio manager for Gartmore Global Investments, a global investment firm affiliated with Nationwide Insurance. Mr. Bath was first employed by Nationwide Insurance as an investment professional in 1982.

**<u>Statement of Additional Information</u>**

The Portfolio Manager Holdings section on Page 60 of the Statement of Additional Information is amended to include the following information as of March 31, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | |  | **Dollar Range of Shares in the Fund** | **Dollar Range of Shares in the Fund** | **Dollar Range of Shares in the Fund** | **Dollar Range of Shares in the Fund** | **Dollar Range of Shares in the Fund** | **Dollar Range of Shares in the Fund** | **Dollar Range of Shares in the Fund** |
| <br>**Fund** | <br>**Portfolio Manager** | | **None** | **$1 -**<br> **$10000** | **$10001 -**<br> **$50000** | **$50001 -**<br> **$100000** | **$100001 -**<br> **$500000** | **$500001 -**<br> **$1000000** | **Over**<br> **$1,000,000** |
| Large Cap Fund | Charles Bath | PM |  |  |  |  |  |  | X |
|  | Nathan Palmer | PM | X |  |  |  |  |  |  |
| Select Fund | Richard Snowdon | PM |  |  |  |  |  |  | X |
|  | Christopher Welch | PM |  |  |  |  |  |  | X |
|  | Anthony Philipp | PM |  |  | X |  |  |  |  |

---

All references to Mr. Hawley in the Portfolio Manager Holdings section of the Statement of Additional Information are hereby deleted.

The Other Accounts Managed section on Page 62 of the Statement of Additional Information is amended to include the following information as of March 31, 2026:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of Portfolio Manager** | **Account Category** | **Number of<br> Accounts** | **Total Assets in<br> Accounts** | **Number of<br> Accounts Where<br> Advisory Fee is<br> Based on<br> Account<br> Performance** | **Total Assets in<br> Accounts Where<br> Advisory Fee is<br> Based on<br> Account<br> Performance** |
| Charles Bath | Registered Investment Company | 2 | $1800774613 | 0 | $0 |
| Portfolio Manager, Large Cap Fund | Other Pooled Investment Vehicles | 4 | $1831843481 | 0 | $0 |
|  | Other Accounts | 48 | $3276333341 | 0 | $0 |
| Nathan Palmer | Registered Investment Company | 2 | $1800774613 | 0 | $0 |
| Portfolio Manager, Long-Short Fund and Large Cap Fund | Other Pooled Investment Vehicles | 4 | $1831843481 | 0 | $0 |
|  | Other Accounts | 48 | $3276333341 | 0 | $0 |
| Anthony Philipp | Registered Investment Company | 2 | $1021410612 | 0 | $0 |
| Portfolio Manager, Small-Mid Cap Fund, Mid Cap Fund and Select Fund | Other Pooled Investment Vehicles | 4 | $243494916 | 0 | $0 |
|  | Other Accounts | 14 | $244722541 | 0 | $0 |
| Richard Snowdon | Registered Investment Company | 0 | $0 | 0 | $0 |
| Portfolio Manager, Select Fund | Other Pooled Investment Vehicles | 1 | $24620119 | 0 | $0 |
|  | Other Accounts | 7 | $174194568 | 0 | $0 |
| Christopher Welch | Registered Investment Company | 2 | $1021410612 | 0 | $0 |
| Portfolio Manager, Small-Mid Cap Fund, Mid Cap Fund and Select Fund | Other Pooled Investment Vehicles | 4 | $243494916 | 0 | $0 |
|  | Other Accounts | 14 | $244722541 | 0 | $0 |

---

All references to Mr. Hawley in the Other Accounts Managed section of the Statement of Additional Information are hereby deleted.

**YOU SHOULD READ THIS SUPPLEMENT IN CONJUNCTION WITH THE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.**