# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0000910472-25-005454
**Filing Date:** 2025-12
**Character Count:** 339192
**Document Hash:** 1b543360a7aa2d40ea8a73daf77e7d56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005454.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005454

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20251231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08061
- **FILM NUMBER:** 251540136

**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 Long-Short Fund (Series ID: S000003156)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000008536 | Diamond Hill Long-Short Fund Investor | DIAMX           |
| C000008538 | Diamond Hill Long-Short Fund Class I  | DHLSX           |
| C000108465 | Diamond Hill Long-Short Fund Class Y  | DIAYX           |

## Nport-Ex

**Diamond Hill Small Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.3%** | **Shares** | **Fair Value** |
| **Consumer Discretionary - 10.6%** |  |  |
| American Eagle Outfitters, Inc. <sup>(a)</sup> | 143284 | $2451589 |
| Century Communities, Inc. | 24743 | 1567964 |
| Green Brick Partners, Inc. <sup>(a)(b)</sup> | 13543 | 1000286 |
| Johnson Outdoors, Inc., Class A <sup>(a)</sup> | 42418 | 1713263 |
| Red Rock Resorts, Inc., Class A | 235295 | 14367113 |
| Rocky Brands, Inc. <sup>(a)</sup> | 71611 | 2133292 |
|  |  | 23233507 |
| **Consumer Staples - 8.0%** |  |  |
| Mama's Creations, Inc. <sup>(a)(b)</sup> | 312769 | 3287202 |
| Marzetti Co. (The) | 15493 | 2677035 |
| Oil-Dri Corp. of America <sup>(a)</sup> | 91756 | 5600786 |
| Post Holdings, Inc. <sup>(b)</sup> | 22880 | 2459142 |
| Utz Brands, Inc. | 284192 | 3452933 |
|  |  | 17477098 |
| **Energy - 4.7%** |  |  |
| Centrus Energy Corp., Class A <sup>(a)(b)</sup> | 15862 | 4918330 |
| Civitas Resources, Inc. <sup>(a)</sup> | 83571 | 2716058 |
| Magnolia Oil & Gas Corp., Class A <sup>(a)</sup> | 111570 | 2663176 |
|  |  | 10297564 |
| **Financials - 18.4%** |  |  |
| Bank OZK | 175778 | 8961162 |
| BOK Financial Corp. <sup>(a)</sup> | 29445 | 3281351 |
| First Western Financial, Inc. <sup>(a)(b)</sup> | 67661 | 1557895 |
| International General Insurance Holdings Ltd. <sup>(a)</sup> | 182454 | 4232933 |
| Live Oak Bancshares, Inc. | 199502 | 7026460 |
| Mr. Cooper Group, Inc. | 24330 | 5128521 |
| Silvercrest Asset Management Group, Inc., Class A <sup>(a)</sup> | 102997 | 1622203 |
| Triumph Financial, Inc. <sup>(b)</sup> | 169290 | 8471272 |
|  |  | 40281797 |
| **Health Care - 9.9%** |  |  |
| Astrana Health, Inc. <sup>(a)(b)</sup> | 325718 | 9234105 |
| Avanos Medical, Inc. <sup>(a)(b)</sup> | 289933 | 3351625 |
| Mesa Laboratories, Inc. <sup>(a)</sup> | 90500 | 6064405 |
| UFP Technologies, Inc. <sup>(a)(b)</sup> | 14920 | 2978032 |
|  |  | 21628167 |

---

**Diamond Hill Small Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.3% (Continued)** | **Shares** | **Fair Value** |
| **Industrials - 28.6%** |  |  |
| Allegiant Travel Co. <sup>(a)(b)</sup> | 96596 | $5870139 |
| Allient, Inc. | 72803 | 3257934 |
| Asure Software, Inc. <sup>(a)(b)</sup> | 151973 | 1246179 |
| AZZ, Inc. | 24891 | 2716355 |
| Cimpress plc <sup>(b)</sup> | 24704 | 1557340 |
| Concrete Pumping Holdings, Inc. <sup>(a)</sup> | 351497 | 2478054 |
| Ducommun, Inc. <sup>(b)</sup> | 107220 | 10307059 |
| Energy Recovery, Inc. <sup>(b)</sup> | 90243 | 1391547 |
| ESAB Corp. | 16486 | 1842146 |
| First Advantage Corp. <sup>(b)</sup> | 320670 | 4935111 |
| Fortune Brands Innovations, Inc. | 39853 | 2127752 |
| FTAI Infrastructure, Inc. <sup>(a)</sup> | 1103835 | 4812721 |
| Graham Corp. <sup>(a)(b)</sup> | 117925 | 6474083 |
| Helios Technologies, Inc. | 61411 | 3201355 |
| Hurco Cos., Inc. <sup>(b)</sup> | 50752 | 883085 |
| Miller Industries, Inc. | 42276 | 1708796 |
| Perma-Fix Environmental Services, Inc. <sup>(a)(b)</sup> | 186240 | 1881024 |
| Proficient Auto Logistics, Inc. <sup>(a)(b)</sup> | 535353 | 3688582 |
| Thermon Group Holdings, Inc. <sup>(a)(b)</sup> | 45645 | 1219634 |
| WESCO International, Inc. | 4874 | 1030851 |
|  |  | 62629747 |
| **Information Technology - 1.2%** |  |  |
| Progress Software Corp. <sup>(a)</sup> | 34357 | 1509303 |
| Rimini Street, Inc. <sup>(a)(b)</sup> | 262468 | 1228350 |
|  |  | 2737653 |
| **Materials - 9.5%** |  |  |
| Ashland, Inc. | 21395 | 1025034 |
| Core Molding Technologies, Inc. <sup>(a)(b)</sup> | 86209 | 1771595 |
| Orion SA | 278948 | 2114426 |
| Taseko Mines Ltd. <sup>(a)(b)</sup> | 1321877 | 5591540 |
| Titan America SA | 170909 | 2553380 |
| United States Lime & Minerals, Inc. <sup>(a)</sup> | 58494 | 7694886 |
|  |  | 20750861 |
| **Real Estate - 6.8%** |  |  |
| CubeSmart | 95804 | 3895391 |

---

**Diamond Hill Small Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.3% (Continued)** | **Shares** | **Fair Value** |
| **Real Estate - 6.8% (Continued)** |  |  |
| Curbline Properties Corp. <sup>(a)</sup> | 100687 | $2245320 |
| Ryman Hospitality Properties, Inc. <sup>(a)</sup> | 76221 | 6828639 |
| Strawberry Fields REIT, Inc. | 164993 | 2029414 |
|  |  | 14998764 |
| **Utilities - 1.6%** |  |  |
| UGI Corp. <sup>(a)</sup> | 102631 | 3413507 |
| **Total Common Stocks** (Cost $149,018,142) |  | $217448665 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 17.3%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 611357 | $611357 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 37201479 | 37201479 |
| **Total Registered Investment Companies** (Cost $37,812,836) |  | $37812836 |
| **Total Investment Securities - 116.6%** (Cost $186,830,978) |  | $255261501 |
| **Liabilities in Excess of Other Assets - (16.6)%** |  | (36247729) |
| **Net Assets - 100.0%** |  | $219013772 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $55,865,804.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> 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 $20,854,495.

plc - Public Limited Company

REIT - Real Estate Investment Trust

SA - Societe Anonyme

**Diamond Hill Small-Mid Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.1%** | **Shares** | **Fair Value** |
| **Communication Services - 1.7%** |  |  |
| Liberty Media Corp. - Liberty Formula One - Series C <sup>(a)(b)</sup> | 151769 | $15852272 |
| **Consumer Discretionary - 10.2%** |  |  |
| Bath & Body Works, Inc. | 266143 | 6855844 |
| CarMax, Inc. <sup>(b)</sup> | 97699 | 4383754 |
| Century Communities, Inc. <sup>(a)</sup> | 49817 | 3156903 |
| Lear Corp. <sup>(a)</sup> | 137735 | 13857518 |
| NVR, Inc. <sup>(b)</sup> | 2245 | 18037812 |
| Red Rock Resorts, Inc., Class A | 752789 | 45965296 |
|  |  | 92257127 |
| **Consumer Staples - 5.4%** |  |  |
| Marzetti Co. (The) | 78048 | 13485914 |
| Post Holdings, Inc. <sup>(a)(b)</sup> | 332322 | 35717969 |
|  |  | 49203883 |
| **Energy - 3.7%** |  |  |
| Civitas Resources, Inc. <sup>(a)</sup> | 635371 | 20649558 |
| Coterra Energy, Inc. | 538758 | 12741627 |
|  |  | 33391185 |
| **Financials - 14.6%** |  |  |
| Brown & Brown, Inc. | 51521 | 4832155 |
| Equitable Holdings, Inc. | 169604 | 8612491 |
| First Horizon Corp. | 306764 | 6935934 |
| Loews Corp. | 82612 | 8293419 |
| Mr. Cooper Group, Inc. | 210393 | 44348740 |
| RenaissanceRe Holdings Ltd. <sup>(a)</sup> | 72421 | 18389865 |
| Stifel Financial Corp. | 74209 | 8420495 |
| Synovus Financial Corp. | 155923 | 7652701 |
| Triumph Financial, Inc. <sup>(b)</sup> | 100021 | 5005051 |
| Webster Financial Corp. | 326934 | 19432957 |
|  |  | 131923808 |
| **Health Care - 10.5%** |  |  |
| Boston Scientific Corp. <sup>(a)(b)</sup> | 61669 | 6020744 |
| Cooper Cos., Inc. (The) <sup>(b)</sup> | 93583 | 6416050 |
| ICON plc <sup>(b)</sup> | 93008 | 16276400 |
| Illumina, Inc. <sup>(a)(b)</sup> | 134737 | 12795973 |

---

**Diamond Hill Small-Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.1% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 10.5% (Continued)** |  |  |
| Labcorp Holdings, Inc. | 50548 | $14510309 |
| Perrigo Co. plc <sup>(a)</sup> | 190000 | 4231300 |
| Revvity, Inc. <sup>(a)</sup> | 140558 | 12319909 |
| Solventum Corp. <sup>(b)</sup> | 179582 | 13109486 |
| Teleflex, Inc. <sup>(a)</sup> | 80000 | 9788800 |
|  |  | 95468971 |
| **Industrials - 28.8%** |  |  |
| Alaska Air Group, Inc. <sup>(a)(b)</sup> | 111110 | 5531056 |
| Builders FirstSource, Inc. <sup>(a)(b)</sup> | 48677 | 5902086 |
| Energy Recovery, Inc. <sup>(b)</sup> | 431923 | 6660253 |
| ESAB Corp. | 34448 | 3849220 |
| First Advantage Corp. <sup>(b)</sup> | 699606 | 10766936 |
| Fortune Brands Innovations, Inc. | 174117 | 9296107 |
| FTI Consulting, Inc. <sup>(b)</sup> | 42177 | 6817912 |
| Gates Industrial Corp. plc <sup>(b)</sup> | 1389260 | 34481433 |
| Generac Holdings, Inc. <sup>(b)</sup> | 36882 | 6174047 |
| Helios Technologies, Inc. <sup>(a)</sup> | 133637 | 6966497 |
| Huntington Ingalls Industries, Inc. | 117048 | 33699290 |
| Regal Rexnord Corp. | 224241 | 32165129 |
| SS&C Technologies Holdings, Inc. | 276679 | 24558028 |
| Toro Co. (The) | 58441 | 4453204 |
| TransUnion <sup>(a)</sup> | 132013 | 11060049 |
| WESCO International, Inc. | 206360 | 43645140 |
| WNS Holdings Ltd. <sup>(a)(b)</sup> | 200424 | 15286338 |
|  |  | 261312725 |
| **Information Technology - 8.2%** |  |  |
| Ciena Corp. <sup>(b)</sup> | 164546 | 23969416 |
| GoDaddy, Inc., Class A <sup>(b)</sup> | 60312 | 8252491 |
| Progress Software Corp. <sup>(a)(b)</sup> | 279769 | 12290252 |
| Teledyne Technologies, Inc. <sup>(a)(b)</sup> | 18308 | 10729220 |
| VeriSign, Inc. | 66804 | 18676394 |
|  |  | 73917773 |
| **Materials - 3.0%** |  |  |
| Ashland, Inc. | 130000 | 6228300 |
| Knife River Corp. <sup>(a)(b)</sup> | 138727 | 10663944 |

---

**Diamond Hill Small-Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.1% (Continued)** | **Shares** | **Fair Value** |
| **Materials - 3.0% (Continued)** |  |  |
| Taseko Mines Ltd. <sup>(b)</sup> | 2339997 | $9898187 |
|  |  | 26790431 |
| **Real Estate - 8.6%** |  |  |
| CubeSmart | 686248 | 27902844 |
| Mid-America Apartment Communities, Inc. | 143926 | 20110780 |
| Rexford Industrial Realty, Inc. <sup>(a)</sup> | 268740 | 11047901 |
| Ryman Hospitality Properties, Inc. <sup>(a)</sup> | 141321 | 12660948 |
| UDR, Inc. <sup>(a)</sup> | 167440 | 6238814 |
|  |  | 77961287 |
| **Utilities - 1.4%** |  |  |
| UGI Corp. <sup>(a)</sup> | 376196 | 12512279 |
| **Total Common Stocks** (Cost $572,614,490) |  | $870591741 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 9.4%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 25442616 | $25442616 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 59945372 | 59945372 |
| **Total Registered Investment Companies** (Cost $85,387,988) |  | $85387988 |
| **Total Investment Securities - 105.5%** (Cost $658,002,478) |  | $955979729 |
| **Liabilities in Excess of Other Assets - (5.5)%** |  | (49792273) |
| **Net Assets - 100.0%** |  | $906187456 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $131,502,788.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> 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 $73,199,454.

plc - Public Limited Company

**Diamond Hill Mid Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8%** | **Shares** | **Fair Value** |
| **Communication Services - 1.8%** |  |  |
| Liberty Media Corp. - Liberty Formula One - Series C <sup>(a)</sup> | 13771 | $1438381 |
| **Consumer Discretionary - 6.3%** |  |  |
| CarMax, Inc. <sup>(a)</sup> | 8979 | 402888 |
| Lear Corp. <sup>(b)</sup> | 3000 | 301830 |
| NVR, Inc. <sup>(a)</sup> | 179 | 1438204 |
| Red Rock Resorts, Inc., Class A | 47006 | 2870186 |
|  |  | 5013108 |
| **Consumer Staples - 6.5%** |  |  |
| Marzetti Co. (The) | 4401 | 760449 |
| Post Holdings, Inc. <sup>(a)</sup> | 27741 | 2981603 |
| Sysco Corp. | 17178 | 1414437 |
|  |  | 5156489 |
| **Energy - 2.7%** |  |  |
| Civitas Resources, Inc. <sup>(b)</sup> | 19544 | 635180 |
| Coterra Energy, Inc. | 42290 | 1000158 |
| Diamondback Energy, Inc. | 3817 | 546213 |
|  |  | 2181551 |
| **Financials - 16.4%** |  |  |
| American International Group, Inc. | 46420 | 3645827 |
| Equitable Holdings, Inc. | 11134 | 565385 |
| Hartford Insurance Group, Inc. (The) | 9355 | 1247863 |
| LPL Financial Holdings, Inc. <sup>(b)</sup> | 2639 | 877969 |
| Mr. Cooper Group, Inc. | 16203 | 3415430 |
| Stifel Financial Corp. | 4223 | 479184 |
| Webster Financial Corp. | 16595 | 986407 |
| Willis Towers Watson plc <sup>(b)</sup> | 5234 | 1808085 |
|  |  | 13026150 |
| **Health Care - 12.8%** |  |  |
| Boston Scientific Corp. <sup>(a)</sup> | 16173 | 1578970 |
| Cooper Cos., Inc. (The) <sup>(a)</sup> | 8197 | 561986 |
| Humana, Inc. | 6734 | 1751985 |
| ICON plc <sup>(a)</sup> | 6842 | 1197350 |
| Illumina, Inc. <sup>(a)(b)</sup> | 11766 | 1117417 |
| Labcorp Holdings, Inc. | 4525 | 1298946 |

---

**Diamond Hill Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 12.8% (Continued)** |  |  |
| Revvity, Inc. <sup>(b)</sup> | 12269 | $1075378 |
| Solventum Corp. <sup>(a)</sup> | 11435 | 834755 |
| Teleflex, Inc. | 6400 | 783104 |
|  |  | 10199891 |
| **Industrials - 27.3%** |  |  |
| Alaska Air Group, Inc. <sup>(a)(b)</sup> | 9800 | 487844 |
| Ferguson Enterprises, Inc. | 6007 | 1349052 |
| Fortune Brands Innovations, Inc. | 15579 | 831763 |
| FTI Consulting, Inc. <sup>(a)</sup> | 4888 | 790145 |
| Huntington Ingalls Industries, Inc. | 8854 | 2549155 |
| Johnson Controls International plc | 10155 | 1116542 |
| L3Harris Technologies, Inc. | 6311 | 1927443 |
| Parker-Hannifin Corp. <sup>(b)</sup> | 3650 | 2767248 |
| Regal Rexnord Corp. | 20138 | 2888595 |
| SS&C Technologies Holdings, Inc. | 24276 | 2154738 |
| Toro Co. (The) | 4064 | 309677 |
| TransUnion | 11099 | 929874 |
| WESCO International, Inc. | 16818 | 3557007 |
|  |  | 21659083 |
| **Information Technology - 7.3%** |  |  |
| Check Point Software Technologies Ltd. <sup>(a)</sup> | 1641 | 339539 |
| Ciena Corp. <sup>(a)</sup> | 14429 | 2101872 |
| GoDaddy, Inc., Class A <sup>(a)</sup> | 5199 | 711379 |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 1654 | 969310 |
| VeriSign, Inc. | 5924 | 1656173 |
|  |  | 5778273 |
| **Materials - 5.1%** |  |  |
| Ashland, Inc. | 15744 | 754295 |
| Freeport-McMoRan, Inc. | 48146 | 1888286 |
| Martin Marietta Materials, Inc. | 2241 | 1412457 |
|  |  | 4055038 |
| **Real Estate - 9.2%** |  |  |
| CubeSmart | 48526 | 1973067 |
| Extra Space Storage, Inc. | 6818 | 960929 |
| Mid-America Apartment Communities, Inc. | 10818 | 1511599 |

---

**Diamond Hill Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8% (Continued)** | **Shares** | **Fair Value** |
| **Real Estate - 9.2% (Continued)** |  |  |
| Ryman Hospitality Properties, Inc. | 12226 | $1095327 |
| SBA Communications Corp., Class A | 4298 | 831018 |
| Ventas, Inc. | 12813 | 896782 |
|  |  | 7268722 |
| **Utilities - 1.4%** |  |  |
| UGI Corp. <sup>(b)</sup> | 34137 | 1135397 |
| **Total Common Stocks** (Cost $45,153,095) |  | $76912083 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 8.8%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 2465545 | $2465545 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 4484769 | 4484769 |
| **Total Registered Investment Companies** (Cost $6,950,314) |  | $6950314 |
| **Total Investment Securities - 105.6%** (Cost $52,103,409) |  | $83862397 |
| **Liabilities in Excess of Other Assets - (5.6)%** |  | (4442628) |
| **Net Assets - 100.0%** |  | $79419769 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $6,941,260.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> 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 $2,501,919.

plc - Public Limited Company

**Diamond Hill Large Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8%** | **Shares** | **Fair Value** |
| **Communication Services - 2.1%** |  |  |
| Walt Disney Co. (The) | 1397604 | $160025658 |
| **Consumer Discretionary - 8.1%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 601236 | 132013389 |
| CarMax, Inc. <sup>(a)</sup> | 1912093 | 85795613 |
| General Motors Co. <sup>(b)</sup> | 2586771 | 157715428 |
| NVR, Inc. <sup>(a)</sup> | 16789 | 134893907 |
| Starbucks Corp. <sup>(b)</sup> | 1322644 | 111895682 |
|  |  | 622314019 |
| **Consumer Staples - 9.1%** |  |  |
| Colgate-Palmolive Co. <sup>(b)</sup> | 3705017 | 296179059 |
| General Mills, Inc. | 3779023 | 190538340 |
| Sysco Corp. | 2561524 | 210915886 |
|  |  | 697633285 |
| **Energy - 4.8%** |  |  |
| ConocoPhillips | 2419776 | 228886612 |
| Diamondback Energy, Inc. | 989426 | 141586861 |
|  |  | 370473473 |
| **Financials - 24.6%** |  |  |
| American International Group, Inc. | 4636576 | 364156679 |
| Aon plc, Class A | 705892 | 251706969 |
| Bank of America Corp. | 3460773 | 178541279 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 747550 | 375823287 |
| Capital One Financial Corp. | 1139878 | 242315265 |
| Equitable Holdings, Inc. | 728549 | 36995718 |
| Hartford Insurance Group, Inc. (The) | 343039 | 45757972 |
| KeyCorp | 5212814 | 97427494 |
| MetLife, Inc. | 1888765 | 155577573 |
| Nasdaq, Inc. | 413697 | 36591500 |
| Visa, Inc., Class A <sup>(b)</sup> | 275907 | 94189132 |
|  |  | 1879082868 |
| **Health Care - 14.4%** |  |  |
| Abbott Laboratories <sup>(b)</sup> | 2294233 | 307289568 |
| HCA Healthcare, Inc. | 274139 | 116838042 |
| Labcorp Holdings, Inc. <sup>(b)</sup> | 626808 | 179931505 |

---

**Diamond Hill Large Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 14.4% (Continued)** |  |  |
| Medtronic plc | 1052377 | $100228385 |
| Pfizer, Inc. | 4804083 | 122408035 |
| Thermo Fisher Scientific, Inc. <sup>(b)</sup> | 238988 | 115913960 |
| Zoetis, Inc. <sup>(b)</sup> | 1083751 | 158574446 |
|  |  | 1101183941 |
| **Industrials - 15.9%** |  |  |
| Builders FirstSource, Inc. <sup>(a)(b)</sup> | 550365 | 66731756 |
| Caterpillar, Inc. | 213494 | 101868662 |
| Deere & Co. | 198065 | 90567202 |
| FedEx Corp. | 359425 | 84756009 |
| Ferguson Enterprises, Inc. <sup>(b)</sup> | 682354 | 153243061 |
| L3Harris Technologies, Inc. | 420985 | 128573029 |
| Regal Rexnord Corp. <sup>(b)</sup> | 800206 | 114781549 |
| SS&C Technologies Holdings, Inc. <sup>(b)</sup> | 1113375 | 98823165 |
| Union Pacific Corp. | 743266 | 175685784 |
| Waste Management, Inc. | 887104 | 195899176 |
|  |  | 1210929393 |
| **Information Technology - 8.8%** |  |  |
| Accenture plc, Class A | 395967 | 97645462 |
| Adobe, Inc. <sup>(a)</sup> | 428035 | 150989346 |
| Salesforce, Inc. <sup>(b)</sup> | 676578 | 160348986 |
| Texas Instruments, Inc. | 1412811 | 259575765 |
|  |  | 668559559 |
| **Materials - 5.0%** |  |  |
| International Paper Co. <sup>(b)</sup> | 2429848 | 112744947 |
| Martin Marietta Materials, Inc. <sup>(b)</sup> | 248966 | 156918291 |
| Nucor Corp. <sup>(b)</sup> | 820384 | 111104605 |
|  |  | 380767843 |
| **Real Estate - 4.0%** |  |  |
| Extra Space Storage, Inc. | 1039928 | 146567452 |
| SBA Communications Corp., Class A | 804038 | 155460747 |
|  |  | 302028199 |
| **Total Common Stocks** (Cost $5,970,600,627) |  | $7392998238 |

---

**Diamond Hill Large Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 4.6%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 224626456 | $224626456 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 128115020 | 128115020 |
| **Total Registered Investment Companies** (Cost $352,741,476) |  | $352741476 |
| **Total Investment Securities - 101.4%** (Cost $6,323,342,103) |  | $7745739714 |
| **Liabilities in Excess of Other Assets - (1.4)%** |  | (107665471) |
| **Net Assets - 100.0%** |  | $7638074243 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $201,265,405.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> 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 $76,354,741.

plc - Public Limited Company

**Diamond Hill Select Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 98.0%** | **Shares** | **Fair Value** |
| **Consumer Discretionary - 13.9%** |  |  |
| CarMax, Inc. <sup>(a)</sup> | 394898 | $17719073 |
| General Motors Co. | 262601 | 16010783 |
| Red Rock Resorts, Inc., Class A | 508419 | 31044064 |
| Starbucks Corp. | 185601 | 15701845 |
|  |  | 80475765 |
| **Consumer Staples - 3.3%** |  |  |
| Colgate-Palmolive Co. | 241094 | 19273054 |
| **Energy - 6.3%** |  |  |
| Antero Resources Corp. <sup>(a)</sup> | 445280 | 14943597 |
| Diamondback Energy, Inc. | 151691 | 21706982 |
|  |  | 36650579 |
| **Financials - 25.1%** |  |  |
| American International Group, Inc. | 493655 | 38771664 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 62636 | 31489623 |
| Capital One Financial Corp. | 145765 | 30986724 |
| KeyCorp | 827620 | 15468218 |
| Mr. Cooper Group, Inc. | 136297 | 28730045 |
|  |  | 145446274 |
| **Health Care - 5.6%** |  |  |
| Abbott Laboratories | 153995 | 20626090 |
| Zoetis, Inc. | 79375 | 11614150 |
|  |  | 32240240 |
| **Industrials - 27.6%** |  |  |
| Builders FirstSource, Inc. <sup>(a)(b)</sup> | 67172 | 8144605 |
| Cimpress plc <sup>(a)(b)</sup> | 577846 | 36427412 |
| Huntington Ingalls Industries, Inc. <sup>(b)</sup> | 119651 | 34448719 |
| Regal Rexnord Corp. | 247945 | 35565231 |
| SS&C Technologies Holdings, Inc. | 171752 | 15244708 |
| Union Pacific Corp. | 65247 | 15422433 |
| WESCO International, Inc. <sup>(b)</sup> | 68748 | 14540202 |
|  |  | 159793310 |
| **Information Technology - 9.3%** |  |  |
| Adobe, Inc. <sup>(a)</sup> | 34795 | 12273936 |
| Coherent Corp. <sup>(a)</sup> | 122392 | 13184066 |

---

**Diamond Hill Select Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 98.0% (Continued)** | **Shares** | **Fair Value** |
| **Information Technology - 9.3% (Continued)** |  |  |
| Salesforce, Inc. | 60871 | $14426427 |
| Texas Instruments, Inc. | 77017 | 14150333 |
|  |  | 54034762 |
| **Materials - 4.9%** |  |  |
| Ashland, Inc. | 319398 | 15302358 |
| International Paper Co. <sup>(b)</sup> | 279347 | 12961701 |
|  |  | 28264059 |
| **Real Estate - 2.0%** |  |  |
| SBA Communications Corp., Class A | 58838 | 11376327 |
| **Total Common Stocks** (Cost $437,445,878) |  | $567554370 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 5.6%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 11611524 | $11611524 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 20631586 | 20631586 |
| **Total Registered Investment Companies** (Cost $32,243,110) |  | $32243110 |
| **Total Investment Securities - 103.6%** (Cost $469,688,988) |  | $599797480 |
| **Liabilities in Excess of Other Assets - (3.6)%** |  | (20689054) |
| **Net Assets - 100.0%** |  | $579108426 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $27,757,401.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> 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 $7,425,747.

plc - Public Limited Company

**Diamond Hill Long-Short Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 89.8%** | **Shares** | **Fair Value** |
| **Communication Services - 10.9%** |  |  |
| Alphabet, Inc., Class A | 412959 | $100390333 |
| Comcast Corp., Class A | 363204 | 11411870 |
| Meta Platforms, Inc., Class A | 116484 | 85543520 |
| Walt Disney Co. (The) | 283455 | 32455597 |
|  |  | 229801320 |
| **Consumer Discretionary - 5.9%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 203497 | 44681836 |
| Lear Corp. <sup>(b)</sup> | 233252 | 23467484 |
| Lululemon Athletica, Inc. <sup>(a)(b)</sup> | 89940 | 16003024 |
| TJX Cos., Inc. (The) | 134416 | 19428489 |
| Ulta Beauty, Inc. <sup>(a)(b)</sup> | 36532 | 19973871 |
|  |  | 123554704 |
| **Consumer Staples - 3.2%** |  |  |
| Constellation Brands, Inc., Class A | 242171 | 32613169 |
| Sysco Corp. | 420660 | 34637144 |
|  |  | 67250313 |
| **Energy - 4.4%** |  |  |
| Chevron Corp. | 152644 | 23704087 |
| Coterra Energy, Inc. <sup>(b)</sup> | 1151653 | 27236593 |
| Diamondback Energy, Inc. <sup>(b)</sup> | 294638 | 42162698 |
|  |  | 93103378 |
| **Financials - 19.9%** |  |  |
| American International Group, Inc. | 1001695 | 78673125 |
| Aon plc, Class A <sup>(b)</sup> | 71134 | 25364962 |
| Bank of America Corp. | 546845 | 28211734 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 58824 | 29573178 |
| Capital One Financial Corp. | 159305 | 33865057 |
| Citigroup, Inc. | 756106 | 76744759 |
| Fidelity National Information Services, Inc. | 386095 | 25459104 |
| Hartford Insurance Group, Inc. (The) | 222349 | 29659133 |
| KKR & Co., Inc. | 67688 | 8796056 |
| Morgan Stanley | 181422 | 28838841 |
| Truist Financial Corp. | 638436 | 29189294 |
| Visa, Inc., Class A | 74077 | 25288406 |
|  |  | 419663649 |

---

**Diamond Hill Long-Short Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 89.8% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 14.0%** |  |  |
| Abbott Laboratories | 269012 | $36031467 |
| Becton, Dickinson and Co. | 155916 | 29182798 |
| Cooper Cos., Inc. (The) <sup>(a)</sup> | 313094 | 21465725 |
| HCA Healthcare, Inc. | 67411 | 28730568 |
| Labcorp Holdings, Inc. <sup>(b)</sup> | 90084 | 25859513 |
| Medtronic plc <sup>(b)</sup> | 309211 | 29449256 |
| Perrigo Co. plc <sup>(b)</sup> | 1338430 | 29806836 |
| Pfizer, Inc. | 868836 | 22137941 |
| Solventum Corp. <sup>(a)</sup> | 409333 | 29881309 |
| Teleflex, Inc. | 42370 | 5184393 |
| Zoetis, Inc. | 252930 | 37008718 |
|  |  | 294738524 |
| **Industrials - 11.1%** |  |  |
| Booz Allen Hamilton Holding Corp. <sup>(b)</sup> | 370285 | 37009986 |
| Builders FirstSource, Inc. <sup>(a)(b)(c)</sup> | 298153 | 36151051 |
| ESAB Corp. <sup>(b)(c)</sup> | 95425 | 10662789 |
| Johnson Controls International plc <sup>(c)</sup> | 126070 | 13861396 |
| L3Harris Technologies, Inc. <sup>(c)</sup> | 111010 | 33903564 |
| Parker-Hannifin Corp. <sup>(c)</sup> | 65806 | 49890819 |
| SS&C Technologies Holdings, Inc. | 376700 | 33435892 |
| WNS Holdings Ltd. <sup>(a)</sup> | 265342 | 20237634 |
|  |  | 235153131 |
| **Information Technology - 16.4%** |  |  |
| Adobe, Inc. <sup>(a)(c)</sup> | 96325 | 33978644 |
| Ciena Corp. <sup>(a)</sup> | 236468 | 34446294 |
| Microsoft Corp. <sup>(c)</sup> | 193141 | 100037381 |
| Salesforce, Inc. <sup>(c)</sup> | 188315 | 44630655 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 299019 | 83513016 |
| Texas Instruments, Inc. | 123441 | 22679815 |
| VeriSign, Inc. <sup>(c)</sup> | 96765 | 27052591 |
|  |  | 346338396 |
| **Materials - 1.9%** |  |  |
| Ashland, Inc. <sup>(b)</sup> | 422439 | 20239052 |
| Freeport-McMoRan, Inc. | 533871 | 20938421 |
|  |  | 41177473 |

---

**Diamond Hill Long-Short Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 89.8% (Continued)** | **Shares** | **Fair Value** |
| **Real Estate - 1.1%** |  |  |
| Extra Space Storage, Inc. <sup>(b)</sup> | 163134 | $22992106 |
| **Utilities - 1.0%** |  |  |
| Dominion Energy, Inc. <sup>(b)</sup> | 349315 | 21367599 |
| **Total Common Stocks** (Cost $1,074,513,144) |  | $1895140593 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 18.3%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(d)</sup> | 202814827 | $202814827 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(d)(e)</sup> | 183175505 | 183175505 |
| **Total Registered Investment Companies** (Cost $385,990,332) |  | $385990332 |
| **Total Investment Securities - 108.1%** (Cost $1,460,503,476) |  | $2281130925 |
| **Segregated Cash With Custodian - 33.2%** |  | 700607400 |
| **Investments Sold Short - (33.0)%** (Proceeds $617,010,778) |  | (695265993) |
| **Liabilities in Excess of Other Assets - (8.3)%** |  | (175319342) |
| **Net Assets - 100.0%** |  | $2111152990 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $180,548,282.

<sup>(c)</sup> All or a portion of the shares have been pledged as collateral for open short positions.

<sup>(d)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(e)</sup> 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, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 33.0%** | **Shares** | **Fair Value** |
| **Consumer Discretionary - 9.9%** |  |  |
| Acushnet Holdings Corp. | 197772 | $15523124 |
| Brinker International, Inc. | 94390 | 11957325 |
| Cheesecake Factory, Inc. (The) | 273357 | 14936227 |
| Choice Hotels International, Inc. | 95287 | 10187133 |
| eBay, Inc. | 298713 | 27167947 |
| GameStop Corp., Class A | 433798 | 11834009 |
| Garmin Ltd. | 175657 | 43250267 |
| Royal Caribbean Cruises Ltd. | 97585 | 31576554 |
| Shake Shack, Inc., Class A | 42742 | 4001079 |
| United Parks and Resorts, Inc. | 137630 | 7115471 |
| Williams-Sonoma, Inc. | 135845 | 26550905 |
| YETI Holdings, Inc. | 108060 | 3585431 |
|  |  | 207685472 |
| **Consumer Staples - 1.9%** |  |  |
| Clorox Co. (The) | 38620 | 4761846 |
| Sprouts Farmers Market, Inc. | 189091 | 20573101 |
| WD-40 Co. | 76375 | 15091700 |
|  |  | 40426647 |
| **Financials - 3.2%** |  |  |
| Affirm Holdings, Inc., Class A | 312102 | 22808414 |
| Bank of Hawaii Corp. | 372575 | 24455823 |
| Commerce Bancshares, Inc. | 141364 | 8447913 |
| First Financial Bankshares, Inc. | 149547 | 5032257 |
| Palomar Holdings, Inc. | 58936 | 6880778 |
|  |  | 67625185 |
| **Health Care - 3.9%** |  |  |
| Doximity, Inc., Class A | 318020 | 23263163 |
| Medpace Holdings, Inc. | 65450 | 33651772 |
| Penumbra, Inc. | 32445 | 8218967 |
| ResMed, Inc. | 65290 | 17871832 |
|  |  | 83005734 |
| **Industrials - 4.9%** |  |  |
| Core & Main, Inc., Class A | 494448 | 26616136 |
| Federal Signal Corp. | 215720 | 25668523 |
| Matson, Inc. | 247620 | 24412856 |

---

**Diamond Hill Long-Short Fund**

**Schedule of Investments Sold Short (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 33.0% (Continued)** | **Shares** | **Fair Value** |
| **Industrials - 4.9% (Continued)** |  |  |
| Mueller Industries, Inc. | 192540 | $19467719 |
| Powell Industries, Inc. | 24500 | 7467845 |
|  |  | 103633079 |
| **Information Technology - 6.1%** |  |  |
| Alarm.com Holdings, Inc. | 483704 | 25675008 |
| Asana, Inc., Class A | 372888 | 4981784 |
| Badger Meter, Inc. | 41642 | 7436428 |
| F5, Inc. | 65087 | 21035468 |
| International Business Machines Corp. | 180030 | 50797265 |
| Samsara, Inc., Class A | 355601 | 13246137 |
| Teradata Corp. | 261355 | 5621746 |
|  |  | 128793836 |
| **Materials - 0.9%** |  |  |
| MP Materials Corp. | 284375 | 19073031 |
| **Real Estate - 1.2%** |  |  |
| eXp World Holdings, Inc. | 910906 | 9710258 |
| Vornado Realty Trust | 375030 | 15199966 |
|  |  | 24910224 |
| **Utilities - 1.0%** |  |  |
| Ormat Technologies, Inc. | 208964 | 20112785 |
| **Total Investments Sold Short - 33.0%** (Proceeds $617,010,778) |  | $695265993 |

---

Percentages disclosed are based on total net assets of the Fund at September 30, 2025.

**Diamond Hill International Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 97.0%** | **Shares** | **Fair Value** |
| **Australia - 1.3%** | **Australia - 1.3%** | **Australia - 1.3%** |
| Whitehaven Coal Ltd. <sup>(a)</sup> | 507080 | $2212994 |
| **Austria - 1.9%** | **Austria - 1.9%** | **Austria - 1.9%** |
| BAWAG Group AG | 24095 | 3176340 |
| **Brazil - 1.0%** | **Brazil - 1.0%** | **Brazil - 1.0%** |
| Itausa SA | 761140 | 1648901 |
| **Canada - 8.2%** | **Canada - 8.2%** | **Canada - 8.2%** |
| Agnico Eage Mines Ltd. | 10219 | 1721466 |
| Canadian Natural Resources Ltd. <sup>(a)</sup> | 127147 | 4066292 |
| Franco-Nevada Corp. <sup>(a)</sup> | 7968 | 1773867 |
| Imperial Oil Ltd. <sup>(a)</sup> | 44155 | 4004398 |
| North West Co., Inc. (The) <sup>(a)</sup> | 56816 | 1952597 |
|  |  | 13518620 |
| **China - 4.5%** | **China - 4.5%** | **China - 4.5%** |
| Alibaba Group Holding Ltd. | 206900 | 4627189 |
| Tencent Holdings Ltd. | 31800 | 2709697 |
|  |  | 7336886 |
| **Finland - 0.9%** | **Finland - 0.9%** | **Finland - 0.9%** |
| Konecranes OYJ | 17096 | 1415285 |
| **France - 5.0%** | **France - 5.0%** | **France - 5.0%** |
| Safran SA | 14267 | 5062634 |
| Veolia Environnement SA | 91438 | 3118045 |
|  |  | 8180679 |
| **Germany - 4.2%** | **Germany - 4.2%** | **Germany - 4.2%** |
| Evotec SE <sup>(b)</sup> | 189090 | 1384855 |
| Gerresheimer AG | 33436 | 1392807 |
| Krones AG | 28001 | 4090849 |
|  |  | 6868511 |
| **India - 4.5%** | **India - 4.5%** | **India - 4.5%** |
| Arvind Ltd. | 245938 | 840668 |
| HDFC Bank Ltd. - ADR | 158056 | 5399193 |

---

**Diamond Hill International Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 97.0% (Continued)** | **Shares** | **Fair Value** |
| **India - 4.5% (Continued)** | **India - 4.5% (Continued)** | **India - 4.5% (Continued)** |
| Hindustan Aeronautics Ltd. | 21059 | $1124760 |
|  |  | 7364621 |
| **Ireland - 3.1%** | **Ireland - 3.1%** | **Ireland - 3.1%** |
| AIB Group plc | 549632 | 5010574 |
| **Japan - 8.1%** | **Japan - 8.1%** | **Japan - 8.1%** |
| Hitachi Ltd. | 118900 | 3150431 |
| Max Co. Ltd. | 111300 | 4234867 |
| Sumitomo Densetsu Co. Ltd. | 70000 | 3019564 |
| Toyo Suisan Kaisha Ltd. | 40900 | 2922257 |
|  |  | 13327119 |
| **Korea (Republic of) - 3.0%** | **Korea (Republic of) - 3.0%** | **Korea (Republic of) - 3.0%** |
| Samsung Electronics Co. Ltd. | 81020 | 4854788 |
| **Mexico - 1.5%** | **Mexico - 1.5%** | **Mexico - 1.5%** |
| Wal-Mart de Mexico SAB de CV <sup>(a)</sup> | 775992 | 2397014 |
| **Netherlands - 5.5%** | **Netherlands - 5.5%** | **Netherlands - 5.5%** |
| Allfunds Group plc | 453778 | 3386890 |
| EXOR NV | 57854 | 5662186 |
|  |  | 9049076 |
| **Singapore - 1.1%** | **Singapore - 1.1%** | **Singapore - 1.1%** |
| Singapore Exchange Ltd. | 137662 | 1767303 |
| **Sweden - 2.2%** | **Sweden - 2.2%** | **Sweden - 2.2%** |
| Epiroc AB, Class B | 65360 | 1236477 |
| Spotify Technology SA <sup>(b)</sup> | 3396 | 2370408 |
|  |  | 3606885 |
| **Switzerland - 6.2%** | **Switzerland - 6.2%** | **Switzerland - 6.2%** |
| Compagnie Financiere Richemont SA, Class A | 22763 | 4370061 |
| Novartis AG - ADR <sup>(a)</sup> | 27827 | 3568535 |
| Roche Holdings AG | 6727 | 2240149 |
|  |  | 10178745 |

---

**Diamond Hill International Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 97.0% (Continued)** | **Shares** | **Fair Value** |
| **Taiwan Province of China - 4.9%** | **Taiwan Province of China - 4.9%** | **Taiwan Province of China - 4.9%** |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR <sup>(a)</sup> | 28960 | $8088238 |
| **United Kingdom - 23.0%** | **United Kingdom - 23.0%** | **United Kingdom - 23.0%** |
| Beazley plc | 201658 | 2466271 |
| British American Tobacco plc | 84579 | 4498528 |
| Bunzl plc | 85794 | 2711708 |
| Compass Group plc | 130363 | 4443520 |
| Glencore plc | 628045 | 2892540 |
| Hikma Pharmaceuticals plc | 35130 | 806445 |
| Howden Joinery Group plc | 268706 | 3057035 |
| Imperial Brands plc | 76004 | 3228759 |
| Melrose Industries plc | 301165 | 2479453 |
| Smith & Nephew plc | 86332 | 1565833 |
| Tesco plc | 704385 | 4221864 |
| Unilever plc | 65166 | 3870412 |
| Wise plc, Class A <sup>(b)</sup> | 104083 | 1450949 |
|  |  | 37693317 |
| **United States - 6.9%** | **United States - 6.9%** | **United States - 6.9%** |
| Aurinia Pharmaceuticals, Inc. <sup>(b)</sup> | 116203 | 1284043 |
| CNH Industrial NV | 222906 | 2418530 |
| Ferguson Enterprises, Inc. | 7247 | 1627581 |
| uniQure NV <sup>(a)(b)</sup> | 33333 | 1945647 |
| Willis Towers Watson plc | 11878 | 4103255 |
|  |  | 11379056 |
| **Total Common Stocks** (Cost $125,264,883) |  | $159074952 |

---

**Diamond Hill International Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 5.4%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 4356068 | $4356068 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 4449665 | 4449665 |
| **Total Registered Investment Companies** (Cost $8,805,733) |  | $8805733 |
| **Total Investment Securities - 102.4%** (Cost $134,070,616) |  | $167880685 |
| **Liabilities in Excess of Other Assets - (2.4)%** |  | (3916668) |
| **Net Assets - 100.0%** |  | $163964017 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $8,149,128.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> 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 $4,065,024.

AB - Aktiebolag

ADR - American Depositary Receipt

AG - Aktiengesellschaft

NV - Naamloze Vennootschap

OYJ - Julkinen Osakeyhito

plc - Public Limited Company

SA - Societe Anonyme

SAB de CV - Societe Anonima Bursatil de Capital Variable

SE - Societe Europaea

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 1.5%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 0.6%** | **Banking - 0.6%** | **Banking - 0.6%** | | |
| American Express Co. <sup>(a)</sup> | 6.338% | 10/30/26 | $1000000 | $1001699 |
| American Express Co. <sup>(b)</sup> | 2.550% | 03/04/27 | 500000 | 490228 |
| American Express Co. | 5.043% | 07/26/28 | 500000 | 508531 |
| Citibank NA | 4.876% | 11/19/27 | 1750000 | 1763632 |
| Discover Bank | 3.450% | 07/27/26 | 801000 | 796206 |
| Fifth Third Bancorp | 1.707% | 11/01/27 | 1200000 | 1166227 |
| HSBC Holdings plc | 5.597% | 05/17/28 | 4000000 | 4084002 |
| JPMorgan Chase & Co. <sup>(a)</sup> | 1.470% | 09/22/27 | 3800000 | 3704202 |
| Key Bank NA <sup>(b)</sup> | 5.850% | 11/15/27 | 2000000 | 2063366 |
| Key Bank NA | 4.390% | 12/14/27 | 1600000 | 1608426 |
| PNC Bank NA <sup>(b)</sup> | 4.775% | 01/15/27 | 3000000 | 3003601 |
| Royal Bank of Canada <sup>(b)</sup> | 4.522% | 10/18/28 | 500000 | 504137 |
| Toronto-Dominion Bank (The) <sup>(b)</sup> | 4.861% | 01/31/28 | 2925000 | 2976122 |
| US Bancorp | 6.787% | 10/26/27 | 900000 | 924112 |
| Wells Fargo & Co., Series Q <sup>(a)</sup> | 3.196% | 06/17/27 | 1500000 | 1489413 |
|  |  |  |  | 26083904 |
| **Consumer Cyclical - 0.3%** |  |  |  |  |
| Ford Motor Credit Co., LLC | 5.850% | 05/17/27 | 5000000 | 5061812 |
| General Motors Financial Co. <sup>(b)</sup> | 1.250% | 01/08/26 | 3700000 | 3669390 |
| General Motors Financial Co. | 5.050% | 04/04/28 | 2000000 | 2032151 |
| Hyundai Capital America <sup>(c)</sup> | 6.250% | 11/03/25 | 900000 | 901306 |
| Hyundai Capital America <sup>(c)</sup> | 5.650% | 06/26/26 | 900000 | 908333 |
| Volkswagen Group America <sup>(c)</sup> | 4.900% | 08/14/26 | 800000 | 803723 |
|  |  |  |  | 13376715 |
| **Consumer Non-Cyclical - 0.0% <sup>(d)</sup>** |  |  |  |  |
| Pfizer, Inc. <sup>(b)</sup> | 4.450% | 05/19/26 | 900000 | 901762 |
| **Electric - 0.3%** |  |  |  |  |
| NYSEG Storm Funding, LLC, Series 2025-A | 4.713% | 05/01/31 | 14000000 | 14113508 |
| **Energy - 0.0% <sup>(d)</sup>** |  |  |  |  |
| Energy Transfer, LP | 6.050% | 12/01/26 | 500000 | 509318 |
| Energy Transfer, LP <sup>(b)</sup> | 5.500% | 06/01/27 | 1000000 | 1017340 |
|  |  |  |  | 1526658 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 1.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 0.1%** | **Insurance - 0.1%** | **Insurance - 0.1%** | | |
| Jackson National Life Global Funding <sup>(c)</sup> | 5.550% | 07/02/27 | $3150000 | $3218371 |
| Pricoa Global Funding <sup>(c)</sup> | 4.400% | 08/27/27 | 1000000 | 1007608 |
| Principal Life Global Funding II <sup>(b)(c)</sup> | 4.600% | 08/19/27 | 500000 | 504761 |
| RGA Global Funding <sup>(c)</sup> | 2.000% | 11/30/26 | 800000 | 779998 |
|  |  |  |  | 5510738 |
| **Technology - 0.1%** |  |  |  |  |
| Broadcom, Inc. | 5.050% | 07/12/27 | 4225000 | 4297975 |
| Dell International, LLC / EMC Corp. | 4.900% | 10/01/26 | 300000 | 301669 |
|  |  |  |  | 4599644 |
| **Transportation - 0.1%** |  |  |  |  |
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A <sup>(c)</sup> | 4.800% | 02/15/29 | 304029 | 304455 |
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200% | 12/15/29 | 1214000 | 1175394 |
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875% | 04/15/29 | 442533 | 454872 |
|  |  |  |  | 1934721 |
| **Total Corporate Credit** (Cost $67,393,609) |  |  |  | $68047650 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.1%** | **ABS-Other - 3.1%** | **ABS-Other - 3.1%** | | |
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B <sup>(c)</sup> | 1.830% | 03/20/41 | $3588000 | $3512712 |
| DailyPay Securitization Trust, Series 2025-1A, Class A <sup>(c)</sup> | 5.630% | 06/25/28 | 20000000 | 20129344 |
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A <sup>(a)(c)</sup> | 4.450% | 01/25/26 | 8850000 | 8767413 |
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A <sup>(a)(c)</sup> | 3.620% | 07/25/26 | 9900000 | 9504853 |
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A <sup>(c)</sup> | 3.850% | 10/25/26 | 14280000 | 13745527 |
| FMC GMSR Issuer Trust, Series 2022-GT2, Class A <sup>(c)</sup> | 7.900% | 07/25/27 | 4850000 | 4868689 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.1% (Continued)** |  |  |  |  |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2023-1, <br> Class A <sup>(c)</sup> | 5.520% | 02/22/55 | $8134891 | $7668175 |
| Greensky Home Improvement, Series 2025-2A, Class E <sup>(c)</sup> | 7.790% | 06/25/60 | 1000000 | 1015082 |
| Helios Issuer, LLC, Series 2022-C, Class C <sup>(c)(e)</sup> | 6.000% | 11/22/49 | 4012818 | 1598383 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class C <sup>(c)</sup> | 3.420% | 10/09/39 | 382444 | 374709 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class D <sup>(c)</sup> | 5.500% | 10/09/39 | 177881 | 175466 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class E <sup>(c)</sup> | 6.500% | 10/09/39 | 1013922 | 980974 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A <sup>(c)</sup> | 2.290% | 01/20/48 | 1973186 | 1652415 |
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A <sup>(c)</sup> | 2.220% | 03/20/48 | 1538208 | 1251442 |
| Mosaic Solar Loans, LLC, Series 2017-2, Class B <sup>(c)</sup> | 4.770% | 06/22/43 | 263782 | 237627 |
| Mosaic Solar Loans, LLC, Series 2020-1A, Class B <sup>(c)</sup> | 3.100% | 04/20/46 | 800403 | 694886 |
| Mosaic Solar Loans, LLC, Series 2021-1, Class D <sup>(c)(e)</sup> | 3.710% | 12/20/46 | 391668 | 313947 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class A <sup>(c)</sup> | 5.320% | 06/20/53 | 4521807 | 4310699 |
| Mosaic Solar Loans, LLC, Series 2023-2A, Class C <sup>(c)(e)</sup> | 8.180% | 09/22/53 | 11000000 | 5572222 |
| MVW Own Trust, Series 2021-1W, Class D <sup>(c)</sup> | 3.170% | 01/22/41 | 861240 | 827939 |
| PowerPay Issuance Trust, Series 2024-1A, Class A <sup>(c)</sup> | 6.530% | 02/18/39 | 3394827 | 3503459 |
| Renew Financial, LLC, Series 2017-1, Class A <sup>(c)</sup> | 3.670% | 09/20/52 | 765692 | 715218 |
| Renew Financial, LLC, Series 2017-1, Class B <sup>(c)</sup> | 5.750% | 09/20/52 | 30743 | 30545 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class A <sup>(c)</sup> | 1.830% | 11/15/55 | 11300000 | 11272399 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.1% (Continued)** |  |  |  |  |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class B <sup>(c)</sup> | 2.130% | 11/15/55 | $2213000 | $2207351 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class C <sup>(c)</sup> | 2.420% | 11/15/55 | 1000000 | 996922 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class D <sup>(c)</sup> | 3.160% | 11/15/55 | 4118000 | 4105928 |
| Stream Innovations Issuer Trust, Series 2024-1A, Class A <sup>(c)</sup> | 6.270% | 07/15/44 | 5678297 | 5909139 |
| US Bank NA, Series 2025-SUP2, Class B1 <sup>(c)</sup> | 4.818% | 09/25/32 | 11400000 | 11385875 |
| US Bank NA, Series 2025-SUP2, Class D (1\* SOFR30A + 220) <sup>(a)(c)</sup> | 6.586% | 09/25/32 | 4725000 | 4729769 |
| US Bank NA, Series 2025-SUP2, Class R (1\* SOFR30A + 650) <sup>(a)(c)</sup> | 10.886% | 09/25/32 | 11425000 | 11424649 |
|  |  |  |  | 143483758 |
| **Agency MBS CMO - 3.1%** |  |  |  |  |
| FHLMC, Series 2979, Class FP (1\* SOFR + 45) <sup>(a)</sup> | 4.937% | 05/15/35 | 202111 | 200366 |
| FHLMC, Series 3121, Class FM (1\* SOFR + 40) <sup>(a)</sup> | 4.887% | 03/15/36 | 147994 | 147172 |
| FHLMC, Series 4613, Class AF (1\* SOFR + 110) <sup>(a)</sup> | 5.587% | 11/15/37 | 1873331 | 1872028 |
| FHLMC, Series 3925, Class FL (1\* SOFR + 45) <sup>(a)</sup> | 4.937% | 01/15/41 | 13411 | 13399 |
| FHLMC, Series 3895, Class BF (1\* SOFR + 50) <sup>(a)</sup> | 4.987% | 07/15/41 | 126162 | 125305 |
| FHLMC, Series 4314, Class PF (1\* SOFR + 40) <sup>(a)</sup> | 4.887% | 07/15/43 | 41774 | 41638 |
| FHLMC, Series 5171, Class UK | 2.000% | 12/25/51 | 1163171 | 606971 |
| FHLMC, Pool #QH-5181 | 6.000% | 11/01/53 | 9690694 | 9952937 |
| FNMA, Series 2013-97, Class ZB | 3.500% | 09/25/33 | 9198231 | 9028124 |
| FNMA, Series 2006-56, Class DC (1\* SOFR + 65) <sup>(a)</sup> | 5.121% | 07/25/36 | 292834 | 288002 |
| FNMA, Series 2006-108, Class FD (1\* SOFR + 38) <sup>(a)</sup> | 4.851% | 11/25/36 | 133127 | 132001 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 3.1% (Continued)** |  |  |  |  |
| FNMA, Series 2010-136, Class FA (1\* SOFR + 50) <sup>(a)</sup> | 4.971% | 12/25/40 | $146637 | $145384 |
| FNMA, Series 2011-127, Class ZU | 3.500% | 12/25/41 | 3512672 | 3330492 |
| FNMA, Series 2012-33, Class F (1\* SOFR + 52) <sup>(a)</sup> | 4.991% | 04/25/42 | 74699 | 74198 |
| FNMA, Series 2013-34, Class GP | 3.000% | 05/25/42 | 1672011 | 1601488 |
| FNMA, Series 2023-14, Class G | 6.000% | 06/25/48 | 4560503 | 4645208 |
| FNMA, Series 2017-28, Class LK | 4.000% | 03/25/53 | 492080 | 490488 |
| GNMA, Series 2023-81, Class QV | 5.500% | 05/20/34 | 5775771 | 5899612 |
| GNMA, Series 2023-81, Class MV | 5.500% | 05/20/34 | 8442938 | 8572938 |
| GNMA, Series 2023-133, Class GV | 6.000% | 07/20/34 | 3438220 | 3539369 |
| GNMA, Series 2023-154, Class V | 6.500% | 07/20/34 | 10872941 | 11200915 |
| GNMA, Series 2023-154, Class VA | 6.000% | 08/20/34 | 7847811 | 8027993 |
| GNMA, Series 2023-167, Class VC | 6.500% | 08/20/34 | 7868302 | 8085470 |
| GNMA, Series 2024-20, Class KV | 6.000% | 12/20/34 | 8508439 | 8675692 |
| GNMA, Series 2024-43, Class NV | 6.000% | 01/20/35 | 15862657 | 16356452 |
| GNMA, Series 2024-42, Class DV | 6.000% | 01/20/35 | 7084818 | 7288211 |
| GNMA, Series 2023-67, Class AC | 6.000% | 05/20/53 | 4129209 | 4261011 |
| GNMA, Series 2023-151, Class BZ | 6.500% | 10/20/53 | 6281965 | 6516595 |
| GNMA, Series 2024-184, Class PA | 6.500% | 09/20/54 | 4231520 | 4375669 |
| GNMA, Series 2025-004, Class MA | 6.000% | 01/20/62 | 17793939 | 18347405 |
| GNMA, Series 2012-H29, Class SA (1\* TSFR1M + 63) <sup>(a)</sup> | 4.957% | 10/20/62 | 149490 | 149536 |
| GNMA, Series 2012-H23, Class SA (1\* TSFR1M + 64) <sup>(a)</sup> | 4.972% | 10/20/62 | 223932 | 224045 |
| GNMA, Series 2016-H11, Class FD (1\* TSFR12M + 112) <sup>(a)</sup> | 5.075% | 05/20/66 | 28195 | 28399 |
|  |  |  |  | 144244513 |
| **Agency MBS CMO Derivatives - 0.0% <sup>(d)</sup>** |  |  |  |  |
| FHLMC, Series 237, Class S14 (IO) (-1\* SOFR + 660) <sup>(a)</sup> | 2.113% | 05/15/36 | 320759 | 36180 |
| FNMA, Series 2012-148, Class IA (IO) | 4.000% | 01/25/28 | 303286 | 4612 |
| FNMA, Series 301, Class (PO) | 0.000% | 04/25/29 | 70120 | 65695 |
| FNMA, Series 2010-44, Class CS (IO) (-1\* SOFR + 655) <sup>(a)</sup> | 2.079% | 05/25/40 | 235708 | 23851 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO Derivatives - 0.0% <sup>(d)</sup> (Continued)** |  |  |  |  |
| FNMA, Series 2014-45, Class IO (IO) | 4.000% | 08/25/44 | $351047 | $60451 |
| GNMA, Series 2015-16, Class IL (IO) | 4.000% | 03/20/42 | 22009 | 61 |
|  |  |  |  | 190850 |
| **Agency MBS Passthrough - 4.8%** |  |  |  |  |
| FHLMC, Pool #QH-5484 | 1.500% | 11/01/31 | 21054803 | 19772864 |
| FHLMC, Pool #SC-0118 | 2.500% | 01/01/41 | 1801852 | 1613203 |
| FHLMC, Pool #G6-0257 | 5.500% | 06/01/41 | 274921 | 286060 |
| FHLMC, Pool #84-1354 | 3.480% | 11/01/48 | 3076008 | 3154100 |
| FHLMC, Pool #QG-9457 | 6.500% | 08/01/53 | 8761239 | 9207689 |
| FNMA, Pool #AL8682 | 2.000% | 07/01/31 | 4214932 | 4029315 |
| FNMA, Pool #CA8542 | 2.500% | 01/01/41 | 1956909 | 1762207 |
| FNMA, Pool #BP6608 | 2.205% | 08/01/50 | 1890068 | 1835992 |
| FNMA, Pool #BM7138 | 1.694% | 10/01/51 | 6438934 | 6072772 |
| GNMA, Pool #CM7497C | 5.000% | 08/20/52 | 3826435 | 3807708 |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | 3131915 | 3276129 |
| GNMA, Pool #787960 | 7.000% | 11/20/54 | 6149067 | 6217429 |
| GNMA, Pool #787873 | 7.000% | 03/20/55 | 26248074 | 26983755 |
| GNMA, Pool #788003 | 7.000% | 06/20/55 | 17952902 | 18455780 |
| GNMA, Pool #CW0334C | 7.000% | 07/20/63 | 1489983 | 1528198 |
| GNMA, Pool #CW0526C | 7.000% | 08/20/63 | 1139042 | 1168256 |
| GNMA, Series 2023-112, Class ET | 7.000% | 08/20/63 | 12900411 | 13377753 |
| GNMA, Pool #DH9776 | 7.000% | 03/20/65 | 46956867 | 48158077 |
| GNMA, Pool #DJ1033 | 7.000% | 04/20/65 | 53728874 | 55103319 |
|  |  |  |  | 225810606 |
| **Auto Loan - 7.8%** |  |  |  |  |
| ACM Auto Trust, Series 2024-2A, Class A <sup>(c)</sup> | 6.060% | 02/20/29 | 1882502 | 1881339 |
| ACM Auto Trust, Series 2025-3A, Class A <sup>(c)</sup> | 5.010% | 01/22/30 | 17661617 | 17596160 |
| ACM Auto Trust, Series 2024-1A, Class B <sup>(c)</sup> | 11.400% | 01/21/31 | 2803897 | 2830748 |
| ACM Auto Trust, Series 2024-2A, Class B <sup>(c)</sup> | 9.210% | 08/20/31 | 2900000 | 2916899 |
| ACM Auto Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.870% | 11/20/31 | 11400000 | 11415395 |
| ACM Auto Trust, Series 2025-2A, Class B <sup>(c)</sup> | 7.250% | 02/20/32 | 2400000 | 2364395 |
| AgoraCapital Auto Securities Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.270% | 11/25/32 | 5950000 | 6002129 |
| Ally Bank Auto Credit-Linked Notes, Series 2025-A, Class G <sup>(c)</sup> | 10.219% | 06/15/33 | 5808535 | 5864010 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 7.8% (Continued)** |  |  |  |  |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, <br> Class A <sup>(c)</sup> | 6.460% | 04/17/28 | $3370024 | $3395891 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, <br> Class C <sup>(c)</sup> | 9.840% | 03/15/29 | 5700000 | 5966786 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, <br> Class B <sup>(c)</sup> | 6.870% | 06/17/30 | 2200000 | 2257301 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1, <br> Class C, Pool #DC9203 <sup>(c)</sup> | 5.420% | 12/15/31 | 6000000 | 6016121 |
| CPS Auto Trust, Series 2024-D, Class A <sup>(c)</sup> | 4.910% | 06/15/28 | 8256557 | 8268710 |
| FHF Trust, Series 2021-2A, Class B <sup>(c)</sup> | 1.630% | 09/15/27 | 7693635 | 7682607 |
| FinBe USA Trust, Series 2025-1A, Class A <sup>(c)</sup> | 5.700% | 12/15/28 | 12816929 | 12815781 |
| First Help Financial, LLC, Series 2023-1A, Class C <sup>(c)</sup> | 7.880% | 07/15/30 | 12907000 | 13186137 |
| First Help Financial, LLC, Series 2023-2, Class D <sup>(c)</sup> | 9.503% | 10/15/30 | 4500000 | 4773603 |
| First Help Financial, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 7.420% | 05/15/31 | 2500000 | 2555335 |
| Hertz Vehicle Financing, LLC, Series 2022-5A, Class D <sup>(c)</sup> | 6.780% | 09/25/28 | 10000000 | 9977419 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 6.700% | 01/25/29 | 9000000 | 9233312 |
| Hertz Vehicle Financing, LLC, Series 2023-4A, Class D <sup>(c)</sup> | 9.440% | 03/25/30 | 10000000 | 10441492 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class C <sup>(c)</sup> | 7.650% | 01/27/31 | 5400000 | 5564585 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D <sup>(c)</sup> | 10.300% | 01/27/31 | 5500000 | 5761079 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(c)</sup> | 4.835% | 09/20/33 | 31159914 | 31236140 |
| Merchants Fleet Funding, LLC, Series 2023-1A, Class D <sup>(c)</sup> | 8.200% | 05/20/36 | 5700000 | 5789242 |
| Merchants Fleet Funding, LLC, Series 2023-1A, Class E <sup>(c)</sup> | 10.800% | 05/20/36 | 9640000 | 9838068 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 7.8% (Continued)** |  |  |  |  |
| Merchants Fleet Funding, LLC, Series 2024-1A, Class E <sup>(c)</sup> | 9.350% | 04/02/37 | $3000000 | $3050600 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class A <sup>(c)</sup> | 7.090% | 06/25/32 | 7260569 | 7324643 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class B <sup>(c)</sup> | 7.960% | 06/25/32 | 3889965 | 3933245 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class C <sup>(c)</sup> | 10.000% | 06/25/32 | 4862457 | 4869061 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-3A, <br> Class C <sup>(c)</sup> | 6.460% | 03/25/33 | 5750000 | 5804051 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class A <sup>(c)</sup> | 5.415% | 06/27/33 | 46396184 | 46643475 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A,<br> Class B <sup>(c)</sup> | 6.020% | 06/27/33 | 21000000 | 21118625 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class C <sup>(c)</sup> | 6.675% | 06/27/33 | 21975000 | 22213093 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, <br> Class E <sup>(c)</sup> | 10.739% | 04/25/34 | 11250000 | 11257544 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, <br> Class D <sup>(c)</sup> | 6.012% | 06/26/34 | 10000000 | 10000000 |
| Tricolor Auto Securitization Trust, Series 2024-1A, Class A <sup>(c)(e)(f)</sup> | 6.610% | 10/15/27 | 875485 | 875485 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class A <sup>(c)(e)(f)</sup> | 6.360% | 12/15/27 | 1080422 | 1080422 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class B <sup>(c)(e)(f)</sup> | 6.570% | 02/15/28 | 5750000 | 5750000 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class C <sup>(c)(e)(f)</sup> | 6.930% | 04/17/28 | 2500000 | 2477500 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class D <sup>(c)(e)(f)</sup> | 7.610% | 08/15/28 | 6000000 | 5826000 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class B <sup>(c)(e)(f)</sup> | 5.360% | 09/15/28 | 2875000 | 2817500 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class D <sup>(c)(e)(f)</sup> | 6.340% | 04/16/29 | 2930000 | 2719040 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 7.8% (Continued)** |  |  |  |  |
| US Bank NA, Series 2023-1, Class B <sup>(c)</sup> | 6.789% | 08/25/32 | $701027 | $709184 |
|  |  |  |  | 364100152 |
| **CRE/CLO - 4.1%** |  |  |  |  |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class C <sup>(c)</sup> | 6.500% | 12/18/37 | 3000000 | 2949744 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class D <br> (1\* TSFR1M + 271) <sup>(a)(c)</sup> | 7.350% | 12/18/37 | 6000000 | 5883732 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class E <br> (1\* TSFR1M + 321) <sup>(a)(c)</sup> | 7.850% | 12/18/37 | 2000000 | 1950288 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL4, <br> Class A (1\* TSFR1M + 146) <sup>(a)(c)</sup> | 5.615% | 11/15/36 | 3325485 | 3325521 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL4, <br> Class C (1\* TSFR1M + 241) <sup>(a)(c)</sup> | 6.565% | 11/15/36 | 14206000 | 14206582 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL4, <br> Class D (1\* TSFR1M + 301) <sup>(a)(c)</sup> | 7.165% | 11/15/36 | 26214900 | 26216027 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class B (1\* TSFR1M + 319) <sup>(a)(c)</sup> | 7.527% | 01/18/41 | 6500000 | 6496782 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class C (1\* TSFR1M + 369) <sup>(a)(c)</sup> | 8.027% | 01/18/41 | 9500000 | 9495278 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, <br> Class C (1\* TSFR1M + 269) <sup>(a)(c)</sup> | 7.033% | 08/20/42 | 5388000 | 5384886 |
| BXMT Ltd., Series 2020-FL3, Class A (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 6.378% | 11/15/37 | 5823887 | 5825529 |
| BXMT Ltd., Series 2020-FL3, Class D (1\* TSFR1M + 291) <sup>(a)(c)</sup> | 7.778% | 11/15/37 | 1250000 | 1208376 |
| BXMT Ltd., Series 2020-FL2, Class B (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 6.128% | 02/15/38 | 5250000 | 5223892 |
| BXMT Ltd., Series 2020-FL2, Class D (1\* TSFR1M + 206) <sup>(a)(c)</sup> | 6.678% | 02/15/38 | 6386000 | 6247513 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 4.1% (Continued)** |  |  |  |  |
| BXMT Ltd., Series 2021-FL4, Class D (1\* TSFR1M + 236) <sup>(a)(c)</sup> | 6.728% | 05/15/38 | $9945000 | $9537295 |
| BXMT Ltd., Series 2021-FL4, Class A (1\* TSFR1M + 116) <sup>(a)(c)</sup> | 5.528% | 05/17/38 | 26510881 | 26433336 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, <br> Class AS (1\* TSFR1M + 131) <sup>(a)(c)</sup> | 5.678% | 07/15/36 | 1868894 | 1868511 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class AS (1\* TSFR1M + 156) <sup>(a)(c)</sup> | 5.700% | 07/16/36 | 6000000 | 5995536 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class C (1\* TSFR1M + 196) <sup>(a)(c)</sup> | 6.100% | 07/16/36 | 8300000 | 8281068 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class AS (1\* TSFR1M + 319) <sup>(a)(c)</sup> | 7.321% | 09/17/37 | 10000000 | 10006340 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class B (1\* TSFR1M + 374) <sup>(a)(c)</sup> | 7.869% | 09/17/37 | 6000000 | 6002796 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class D (1\* TSFR1M + 573) <sup>(a)(c)</sup> | 9.863% | 09/17/37 | 1250000 | 1256000 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL15, <br> Class B (1\* TSFR1M + 249) <sup>(a)(c)</sup> | 6.627% | 08/18/41 | 4500000 | 4504095 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL15, <br> Class C (1\* TSFR1M + 294) <sup>(a)(c)</sup> | 7.076% | 08/18/41 | 7500000 | 7510478 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL15, <br> Class D (1\* TSFR1M + 404) <sup>(a)(c)</sup> | 8.174% | 08/18/41 | 6500000 | 6498031 |
| PFP III, Series 2024-11, Class D (1\* TSFR1M + 409) <sup>(a)(c)</sup> | 8.305% | 09/17/39 | 6000000 | 5917260 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 4.1% (Continued)** |  |  |  |  |
| PFP III, Series 2025-12, Class B (1\* TSFR1M + 204) <sup>(a)(c)</sup> | 6.178% | 12/18/42 | $5000000 | $4990320 |
|  |  |  |  | 193215216 |
| **Credit Cards - 3.6%** |  |  |  |  |
| Avant Credit Card Master Trust, Series 2024-1A, Class E <sup>(c)</sup> | 13.150% | 04/15/30 | 5000000 | 5201159 |
| Continental Finance Credit Card, LLC, Series 2021-A, Class D <sup>(c)</sup> | 6.010% | 12/17/29 | 10643528 | 10616237 |
| Continental Finance Credit Card, LLC, Series 24-A, Class D <sup>(c)</sup> | 9.420% | 12/15/32 | 6500000 | 6533568 |
| Continental Finance Credit Card, LLC, Series 2024-A, Class E <sup>(c)</sup> | 12.760% | 12/15/32 | 19728000 | 20201369 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class C <sup>(c)</sup> | 6.610% | 12/20/32 | 23333000 | 23512193 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class D <sup>(c)</sup> | 7.040% | 12/20/32 | 5500000 | 5543790 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class E <sup>(c)</sup> | 9.800% | 12/20/32 | 20000000 | 20316134 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class F <sup>(c)</sup> | 13.370% | 12/20/32 | 20167000 | 20479189 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class B <sup>(c)</sup> | 7.430% | 07/20/29 | 5250000 | 5310628 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class C <sup>(c)</sup> | 10.420% | 07/20/29 | 11000000 | 11160691 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class D <sup>(c)</sup> | 14.130% | 07/20/29 | 16000000 | 16320422 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class C <sup>(c)</sup> | 7.320% | 08/15/29 | 11000000 | 11095677 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class E <sup>(c)</sup> | 13.690% | 08/15/29 | 5000000 | 5075387 |
| Mission Lane Credit Card Master Trust, Series 2024-B, Class E <sup>(c)</sup> | 12.190% | 01/15/30 | 5910000 | 5955895 |
|  |  |  |  | 167322339 |
| **Equipment - 1.3%** |  |  |  |  |
| CPF IV, LLC, Series 2023-2, Class A <sup>(c)</sup> | 7.480% | 03/15/32 | 3300964 | 3330883 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Equipment - 1.3% (Continued)** |  |  |  |  |
| CPF IV, LLC, Series 2023-2, Class C <sup>(c)</sup> | 7.560% | 03/15/32 | $7000000 | $6959739 |
| Crockett Partners Equipment Co., Series 2024-2A, Class B <sup>(c)</sup> | 6.780% | 01/20/31 | 2993939 | 3057890 |
| Crockett Partners Equipment Co., Series 2024-2A, Class C <sup>(c)</sup> | 10.160% | 01/20/31 | 1733333 | 1799390 |
| Dext ABS, Series 2023-2, Class D <sup>(c)</sup> | 8.300% | 05/15/34 | 2120000 | 2257800 |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(c)</sup> | 8.540% | 06/15/29 | 9500000 | 9745272 |
| NMEF Funding, LLC, Series 2023-A, Class C <sup>(c)</sup> | 8.040% | 06/17/30 | 4500000 | 4703846 |
| NMEF Funding, LLC, Series 2025-B, Class E <sup>(c)</sup> | 7.660% | 01/18/33 | 3500000 | 3528667 |
| Stellar Jay Ireland DAC, Series 2021-1, Class A <sup>(c)</sup> | 3.967% | 10/15/41 | 6794390 | 6730515 |
| Stellar Jay Ireland DAC, Series 2021-1, Class B <sup>(c)</sup> | 5.926% | 10/15/41 | 2620119 | 2625562 |
| VFI ABS, LLC, Series 2025-1A, Class A <sup>(c)</sup> | 4.780% | 06/24/30 | 15874866 | 15940089 |
|  |  |  |  | 60679653 |
| **HECM - 5.3%** |  |  |  |  |
| Boston Lending Trust, Series 2022-1, Class M2 <sup>(c)</sup> | 2.750% | 02/25/62 | 1105286 | 1020259 |
| Brean Asset Backed Securities Trust, Series 2022-RM4, Class M1 <sup>(c)</sup> | 3.000% | 07/25/62 | 1535153 | 1322591 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class A <sup>(c)</sup> | 4.500% | 09/25/62 | 6370711 | 6248736 |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M3 <sup>(c)</sup> | 4.000% | 09/25/63 | 4331132 | 3890398 |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M2 <sup>(c)</sup> | 4.000% | 09/25/63 | 5143220 | 4854332 |
| Brean Asset Backed Securities Trust, Series 2024-RM8, Class M2 <sup>(c)</sup> | 4.500% | 05/25/64 | 1591584 | 1424964 |
| Brean Asset Backed Securities Trust, Series 2024-RM8, Class M1 <sup>(c)</sup> | 4.500% | 05/25/64 | 1591584 | 1476148 |
| Brean Asset Backed Securities Trust, Series 2024-RM8, Class A1 <sup>(c)</sup> | 4.500% | 05/25/64 | 9799787 | 9629622 |
| Brean Asset Backed Securities Trust, Series 2024-RM9, Class A1 <sup>(c)</sup> | 5.000% | 09/25/64 | 9463616 | 9399689 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 5.3% (Continued)** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2025-RM10, Class A1 <sup>(c)</sup> | 5.000% | 01/25/65 | $17691395 | $17527346 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A2 <sup>(c)</sup> | 4.500% | 03/25/78 | 2000000 | 1935654 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class M1 <sup>(c)</sup> | 4.500% | 03/25/78 | 4204698 | 3919515 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A1 <sup>(c)</sup> | 4.500% | 03/25/78 | 6233942 | 6137845 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M4 <sup>(c)</sup> | 3.000% | 05/25/34 | 15000000 | 14072991 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M2 <sup>(c)</sup> | 3.000% | 05/25/34 | 2000000 | 1919219 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M1 <sup>(c)</sup> | 3.000% | 05/25/34 | 7850000 | 7556627 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class A <sup>(c)</sup> | 3.000% | 05/25/34 | 11442510 | 11273744 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M3 <sup>(a)(c)</sup> | 3.000% | 05/25/34 | 1500000 | 1421492 |
| Cascade Funding Mortgage Trust, Series 2024-HB14, Class A <sup>(c)</sup> | 3.000% | 06/25/34 | 18132165 | 17889666 |
| Cascade Funding Mortgage Trust, Series 2024-HB14, Class M4 <sup>(c)</sup> | 3.000% | 06/25/34 | 8500000 | 7943567 |
| Cascade Funding Mortgage Trust, Series 2024-HB14, Class M1 <sup>(c)</sup> | 3.000% | 06/25/34 | 7500000 | 7230169 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M4 <sup>(c)</sup> | 4.000% | 08/25/34 | 6000000 | 5668654 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M2 <sup>(c)</sup> | 4.000% | 08/25/34 | 3250000 | 3175734 |
| Cascade Funding Mortgage Trust, Series 2022-AB2, Class M3 <sup>(c)</sup> | 2.000% | 02/25/52 | 5104871 | 4748321 |
| Finance of America HECM Buyout, Series 2024-HB1, Class M5 <sup>(c)</sup> | 6.000% | 10/01/34 | 8000000 | 6083570 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M3 <sup>(c)</sup> | 3.000% | 06/25/36 | 9000000 | 8803481 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 5.3% (Continued)** |  |  |  |  |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class M1 <sup>(c)</sup> | 3.000% | 02/25/37 | $2500000 | $2424923 |
| Ocwen Loan Investment Trust, Series 24-HB1, Class M4 <sup>(c)</sup> | 3.000% | 02/25/37 | 5700000 | 5219162 |
| Onity Loan Investment Trust, Series 2024-HB2, Class M4 <sup>(c)</sup> | 5.000% | 08/25/37 | 3650000 | 3456487 |
| Onity Loan Investment Trust, Series 2025-HB1, Class A <sup>(c)</sup> | 3.000% | 06/25/38 | 12679964 | 12375584 |
| Onity Loan Investment Trust, Series 2025-HB1, Class M4 <sup>(c)</sup> | 3.000% | 06/25/38 | 2500000 | 2087337 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 <sup>(c)</sup> | 3.690% | 11/25/31 | 3000000 | 2861004 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 <sup>(c)</sup> | 4.704% | 11/25/31 | 6850000 | 6508177 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M2 <sup>(c)</sup> | 3.630% | 10/25/50 | 1000000 | 868648 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class A <sup>(c)</sup> | 2.125% | 09/25/61 | 8439576 | 7851666 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class M2 <sup>(c)</sup> | 2.125% | 09/25/61 | 2721107 | 2382156 |
| RMF Proprietary Issuance Trust, Series 2022-1, Class A <sup>(c)</sup> | 3.000% | 01/25/62 | 1883152 | 1795611 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class A <sup>(c)</sup> | 3.750% | 06/25/62 | 7557345 | 7121274 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class M1 <sup>(c)</sup> | 3.750% | 06/25/62 | 3400000 | 3139901 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 <sup>(c)</sup> | 3.750% | 06/25/62 | 2600000 | 2312720 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M1 <sup>(c)</sup> | 4.000% | 08/25/62 | 5900000 | 5498691 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class A <sup>(c)</sup> | 4.000% | 08/25/62 | 4423427 | 4315584 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M3 <sup>(c)</sup> | 4.000% | 08/25/62 | 5800000 | 5150368 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 5.3% (Continued)** |  |  |  |  |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(c)</sup> | 3.000% | 01/25/62 | $1600000 | $1483679 |
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 <sup>(c)</sup> | 3.000% | 01/25/62 | 4000000 | 3629801 |
|  |  |  |  | 247057107 |
| **Hospitality - 2.7%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(a)(c)</sup> | 6.700% | 08/15/42 | 7400000 | 7404625 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(a)(c)</sup> | 7.450% | 08/15/42 | 12300000 | 12307687 |
| Extended Stay America Trust, Series 2021-ESH, Class D <sup>(a)(c)</sup> | 6.514% | 07/15/38 | 17083929 | 17083929 |
| Extended Stay America Trust, Series 2021-ESH, Class E <sup>(a)(c)</sup> | 7.114% | 07/15/38 | 18408715 | 18408715 |
| Extended Stay America Trust, Series 21-MTL6, Class G <sup>(c)</sup> | 5.450% | 10/15/42 | 10000000 | 10018749 |
| Extended Stay America Trust, Series 21-MTL6, Class F <sup>(c)</sup> | 6.750% | 10/15/42 | 13000000 | 13040609 |
| Extended Stay America Trust, Series 21-MTL6, Class E <sup>(c)</sup> | 7.500% | 10/15/42 | 14000000 | 14035004 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A <br> (1\* TSFR1M + 139) <sup>(a)(c)</sup> | 5.543% | 03/15/42 | 12667500 | 12675417 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class D <br> (1\* TSFR1M + 285) <sup>(a)(c)</sup> | 7.000% | 03/15/42 | 13620000 | 13602975 |
| MCR Mortgage Trust, Series 2024-TWA, Class D <sup>(c)</sup> | 7.402% | 06/12/39 | 9000000 | 9127179 |
|  |  |  |  | 127704889 |
| **Industrial - 1.4%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class D <br> (1\* TSFR1M + 259) <sup>(a)(c)</sup> | 6.742% | 03/15/30 | 24000000 | 23970000 |
| BX Commercial Mortgage Trust, Series 2021-VOLT, Class B <sup>(c)</sup> | 5.215% | 09/15/36 | 5394435 | 5377577 |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class B <br> (1\* TSFR1M + 189) <sup>(a)(c)</sup> | 6.043% | 03/15/42 | 3645000 | 3642722 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Industrial - 1.4% (Continued)** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class C <br> (1\* TSFR1M + 219) <sup>(a)(c)</sup> | 6.342% | 03/15/42 | $5750000 | $5742812 |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(a)(c)</sup> | 7.400% | 07/15/27 | 20000000 | 20150000 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(a)(c)</sup> | 7.000% | 08/15/42 | 5342438 | 5357279 |
|  |  |  |  | 64240390 |
| **Laboratory - 2.0%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-BIO2, Class D <sup>(c)</sup> | 7.970% | 08/13/41 | 14750000 | 14676810 |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(c)</sup> | 2.446% | 11/10/46 | 2950000 | 2509425 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 5.664% | 03/15/38 | 8705900 | 8651488 |
| Life Financial Services Trust, Series 2021-BMR, Class G <br> (1\* TSFR1M + 306) <sup>(a)(c)</sup> | 7.214% | 03/15/38 | 10990000 | 10831031 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1 <br> (1\* TSFR1M + 130) <sup>(a)(c)</sup> | 5.445% | 05/15/39 | 40895000 | 39770387 |
| Life Financial Services Trust, Series 2022-BMR2, Class B <br> (1\* TSFR1M + 179) <sup>(a)(c)</sup> | 5.944% | 05/15/39 | 11000000 | 10311727 |
| Life Financial Services Trust, Series 2022-BMR2, Class C <br> (1\* TSFR1M + 209) <sup>(a)(c)</sup> | 6.243% | 05/15/39 | 9750000 | 8909062 |
|  |  |  |  | 95659930 |
| **Manufactured Housing - 0.0% <sup>(d)</sup>** |  |  |  |  |
| Cascade Manufactured Housing Asset Trust, Series 2019-MH1, <br> Class M <sup>(a)(c)</sup> | 5.985% | 11/25/44 | 1100000 | 1064684 |
| **Multifamily - 5.1%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(a)(c)</sup> | 7.239% | 08/15/39 | 27149661 | 27217389 |
| BX Commerical Mortgage Trust, Series 2024-AIRC, Class B <br> (1\* TSFR1M + 214) <sup>(a)(c)</sup> | 6.291% | 08/15/39 | 5991649 | 6008501 |
| FREMF Mortgage Trust, Series 2018-KF45, Class B <br> (1\* SOFR + 195) <sup>(a)(c)</sup> | 6.419% | 10/25/25 | 1125038 | 1146492 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 5.1% (Continued)** |  |  |  |  |
| FREMF Mortgage Trust, Series 2018-KF53, Class B (1\* SOFR + 205) <sup>(a)(c)</sup> | 6.519% | 10/25/25 | $2133604 | $2130590 |
| FREMF Mortgage Trust, Series 2019-KF62, Class B (1\* SOFR + 205) <sup>(a)(c)</sup> | 6.519% | 04/25/26 | 3245197 | 3189355 |
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1\* SOFR + 215) <sup>(a)(c)</sup> | 6.619% | 01/25/28 | 2254710 | 2182063 |
| FREMF Mortgage Trust, Series 2018-KF48, Class B (1\* SOFR + 205) <sup>(a)(c)</sup> | 6.519% | 06/25/28 | 4142895 | 3935660 |
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1\* SOFR + 190) <sup>(a)(c)</sup> | 6.369% | 07/25/28 | 2503081 | 2406633 |
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1\* SOFR + 225) <sup>(a)(c)</sup> | 6.719% | 01/25/29 | 2955419 | 2824865 |
| FREMF Mortgage Trust, Series 2019-KF59, Class B (1\* SOFR + 235) <sup>(a)(c)</sup> | 6.819% | 02/25/29 | 2045713 | 1962192 |
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1\* SOFR + 225) <sup>(a)(c)</sup> | 6.719% | 08/25/29 | 2451387 | 2328885 |
| Multifamily Connecticut Avenue, Series 2020-01, Class CE <br> (1\* SOFR + 750) <sup>(a)(c)</sup> | 11.971% | 03/25/50 | 14063000 | 14549705 |
| Multifamily Connecticut Avenue, Series 2024-01, Class M7 <br> (1\* SOFR30A + 275) <sup>(a)(c)</sup> | 7.106% | 07/25/54 | 15371894 | 15571846 |
| Multifamily Connecticut Avenue, Series 2025-01, Class M1 <br> (1\* SOFR30A + 240) <sup>(a)(c)</sup> | 6.756% | 05/25/55 | 18344774 | 18416060 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN2, Class M2 <br> (1\* SOFR30A + 335) <sup>(a)(c)</sup> | 7.706% | 07/25/41 | 41086256 | 41391198 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN2, Class B1 <br> (1\* SOFR30A + 550) <sup>(a)(c)</sup> | 9.856% | 07/25/41 | 16504000 | 16503835 |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN8, Class M1 <br> (1\* SOFR30A + 285) <sup>(a)(c)</sup> | 7.206% | 05/25/44 | 6985583 | 7060456 |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class M1 <br> (1\* SOFR30A + 245) <sup>(a)(c)</sup> | 6.798% | 10/25/44 | 3685987 | 3712484 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 5.1% (Continued)** |  |  |  |  |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class B1 <br> (1\* SOFR30A + 600) <sup>(a)(c)</sup> | 10.348% | 10/25/44 | $2375000 | $2527437 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-1 <br> (1\* SOFR30A + 205) <sup>(a)(c)</sup> | 6.405% | 02/25/45 | 13166735 | 13058275 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-2 <br> (1\* SOFR30A + 285) <sup>(a)(c)</sup> | 7.205% | 02/25/45 | 7250000 | 7234506 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class B1 <br> (1\* SOFR30A + 495) <sup>(a)(c)</sup> | 9.305% | 02/25/45 | 4010000 | 4099361 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN1, Class M-1 <br> (1\* SOFR + 200) <sup>(a)(c)</sup> | 6.356% | 01/25/51 | 2921145 | 2913142 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class M-1 <br> (1\* SOFR + 230) <sup>(a)(c)</sup> | 6.656% | 11/25/51 | 13652115 | 13675680 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class B1 <br> (1\* SOFR + 685) <sup>(a)(c)</sup> | 11.206% | 11/25/51 | 13500000 | 14314478 |
| MultiFamily Structured Credit Risk Notes, Series 2022-MN4, Class M-1 <br> (1\* SOFR + 425) <sup>(a)(c)</sup> | 8.598% | 05/25/52 | 8515129 | 8732582 |
|  |  |  |  | 239093670 |
| **Non-Agency MBS 2.0 - 2.5%** |  |  |  |  |
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 <br> (1\* SOFR + 155) <sup>(a)</sup> | 5.906% | 02/25/50 | 1855437 | 1752397 |
| GS Mortgage-Backed Securities Trust, Series 2025-DSC1, Class A1 <sup>(c)</sup> | 4.974% | 06/25/65 | 21452697 | 21409935 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1<br> (1\* SOFR + 130) <sup>(a)(c)</sup> | 5.656% | 03/25/51 | 3593768 | 3586782 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 <br> (1\* SOFR + 180) <sup>(a)(c)</sup> | 6.156% | 03/25/51 | 1187052 | 1169993 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Non-Agency MBS 2.0 - 2.5% (Continued)** |  |  |  |  |
| Redwood Funding Trust, Series 2025-RR1, Class A1 <sup>(c)</sup> | 6.767% | 06/27/28 | $33132865 | $33209137 |
| Redwood Funding Trust, Series 2025-2, Class A <sup>(c)</sup> | 7.112% | 05/27/55 | 3117830 | 3132013 |
| Redwood Funding Trust, Series 2025-3, Class A <sup>(c)</sup> | 6.231% | 12/27/56 | 17708501 | 17711051 |
| Redwood Funding Trust, Series 2025-3, Class B <sup>(c)</sup> | 7.749% | 12/27/56 | 4275000 | 4272157 |
| REMIC Funding Trust, Series 2024-2, Class A1 <sup>(c)</sup> | 7.112% | 09/27/28 | 23479525 | 23462057 |
| REMIC Funding Trust, Series 2024-2, Class A2 <sup>(c)</sup> | 8.806% | 09/27/28 | 7483498 | 7478178 |
|  |  |  |  | 117183700 |
| **Non-Performing Loan - 1.3%** |  |  |  |  |
| Builders Capital Loan Acquisition Trust, Series 2024-NPL1, <br> Class A1-B <sup>(c)</sup> | 8.996% | 11/25/29 | 10000000 | 9944004 |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL1, <br> Class A1 <sup>(c)</sup> | 7.118% | 01/25/30 | 23317680 | 23400970 |
| Saluda Grade Alternative Mortgage Trust, Series 2022-NPL1, <br> Class A2 <sup>(c)</sup> | 9.047% | 01/25/30 | 7785000 | 7828324 |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL2, <br> Class A1 <sup>(c)</sup> | 7.774% | 05/25/30 | 18648120 | 18782648 |
|  |  |  |  | 59955946 |
| **Non-QM - 2.2%** |  |  |  |  |
| Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A3 <sup>(a)</sup> | 6.914% | 08/25/34 | 3173 | 3129 |
| COLT Funding, LLC, Series 2024-7, Class A1 <sup>(c)</sup> | 5.538% | 12/26/69 | 8529256 | 8593750 |
| COLT Funding, LLC, Series 2025-6, Class A1 <sup>(c)</sup> | 5.529% | 08/25/70 | 29400672 | 29664546 |
| GCAT, Series 2023-NQM4, Class A1 <sup>(c)</sup> | 4.250% | 05/25/67 | 14799465 | 14165515 |
| GS Mortgage-Backed Securities Trust, Series 2025-NQM4, Class A1 <sup>(c)</sup> | 5.006% | 10/25/65 | 50000000 | 49970635 |
|  |  |  |  | 102397575 |
| **Office - 2.6%** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2020-BOC, Class A <sup>(c)</sup> | 2.627% | 01/15/32 | 6100000 | 5387926 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 2.6% (Continued)** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1, Class A <sup>(c)</sup> | 3.665% | 12/15/35 | $10250000 | $9654202 |
| Banc of America Merrill Lynch Commerical Mortgage, Series 2020-BOC, Class D <sup>(c)(e)</sup> | 3.289% | 01/15/32 | 14650000 | 11047498 |
| Banc of America Merrill Lynch Commericial Mortgage, Series 2020-BOC, Class B <sup>(c)</sup> | 2.829% | 01/15/32 | 1632500 | 1360415 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class B <sup>(c)</sup> | 2.461% | 04/12/42 | 4800000 | 4258109 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class D <sup>(c)</sup> | 2.461% | 04/12/42 | 3360000 | 2746523 |
| DBGS Mortgage Trust, Series 2018-5BP, Class D <sup>(c)</sup> | 5.961% | 06/15/33 | 2000000 | 1741000 |
| Drop Mortgage Trust, Series 2021-FILE, Class A (1\* TSFR1M + 126) <sup>(a)(c)</sup> | 5.414% | 10/15/43 | 13425000 | 13043227 |
| Drop Mortgage Trust, Series 2021-FILE, Class B (1\* TSFR1M + 181) <sup>(a)(c)</sup> | 5.964% | 10/15/43 | 19400000 | 18411812 |
| JP Morgan Chase Commercial Mortgage Trust, Series 2025-BMS, <br> Class D (1\* TSFR1M + 315) <sup>(a)(c)</sup> | 7.300% | 01/15/42 | 9200000 | 9140930 |
| JP Morgan Chase Commerical Mortgage Trust, Series 2025-BMS, <br> Class A (1\* TSFR1M + 160) <sup>(a)(c)</sup> | 5.750% | 01/15/42 | 8000000 | 7985000 |
| JP Morgan Chase Commerical Mortgage Trust, Series 2025-BMS, <br> Class C (1\* TSFR1M + 240) <sup>(a)(c)</sup> | 6.550% | 01/15/42 | 4680000 | 4656600 |
| NYC Commerical Mortgage Trust, Series 2025-3BP, Class D<br> (1\* TSFR1M + 244) <sup>(a)(c)</sup> | 6.591% | 02/15/42 | 4700000 | 4677969 |
| NYT Mortgage Trust, Series 2019-NYT, Class D <br> (1\* TSFR1M + 230) <sup>(a)(c)</sup> | 6.661% | 12/15/35 | 2000000 | 1908986 |
| NYT Mortgage Trust, Series 2019-NYT, Class E <br> (1\* TSFR1M + 280) <sup>(a)(c)</sup> | 7.161% | 12/15/35 | 4000000 | 3637971 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class B <sup>(c)</sup> | 6.013% | 09/15/40 | 6500000 | 6523715 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class C <sup>(c)</sup> | 6.692% | 09/15/40 | 12500000 | 12544784 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 2.6% (Continued)** |  |  |  |  |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(c)</sup> | 8.623% | 09/15/40 | $4285000 | $4324754 |
|  |  |  |  | 123051421 |
| **Residential Transition Loan - 7.4%** |  |  |  |  |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 <sup>(c)</sup> | 3.280% | 01/25/26 | 2085327 | 1983989 |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 <sup>(c)(e)</sup> | 7.610% | 01/25/26 | 1374547 | 53345 |
| Anchor Mortgage Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 5.718% | 05/25/40 | 9400000 | 9447099 |
| Corevest American Finance Ltd., Series 2021-RTL1, Class A2 <sup>(c)</sup> | 5.104% | 03/28/29 | 1248423 | 1248423 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 6.456% | 05/25/40 | 12968000 | 13153214 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 8.299% | 05/25/40 | 4950000 | 4998674 |
| Fidelis Mortgage Trust, Series 25-RTL1, Class A1 <sup>(c)</sup> | 5.880% | 02/27/40 | 26000000 | 26345184 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class B <sup>(c)</sup> | 8.400% | 07/25/40 | 5238000 | 5116311 |
| Homeward Opportunities Funding Trust, Series 2024-RTL1, Class A1 <sup>(c)</sup> | 7.120% | 07/25/29 | 36000000 | 36135418 |
| Homeward Opportunities Funding Trust, Series 2024-RTL1, Class A-2 <sup>(c)</sup> | 8.570% | 07/25/29 | 5000000 | 5023180 |
| Homeward Opportunities Funding Trust, Series 2024-RRTL2, <br> Class A1 <sup>(c)</sup> | 5.989% | 09/25/39 | 24000000 | 24089758 |
| Homeward Opportunities Funding Trust, Series 2024-RRTL2, <br> Class A-2 <sup>(c)</sup> | 6.369% | 09/25/39 | 7000000 | 7025777 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class A1 <sup>(c)</sup> | 7.017% | 01/25/29 | 9050000 | 9149760 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class A2 <sup>(c)</sup> | 9.165% | 01/25/29 | 2500000 | 2530449 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class M <sup>(c)</sup> | 11.949% | 01/25/29 | 2250000 | 2286208 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Residential Transition Loan - 7.4% (Continued)** |  |  |  |  |
| LHOME Mortgage Trust, Series 2024-RTL2, Class A1 <sup>(c)</sup> | 7.390% | 03/25/29 | $26500000 | $26734483 |
| LHOME Mortgage Trust, Series 2024-RTL2, Class M <sup>(c)</sup> | 12.404% | 03/25/29 | 1800000 | 1824642 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class A2 <sup>(c)</sup> | 6.894% | 05/25/29 | 30000000 | 30347718 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class M <sup>(c)</sup> | 10.728% | 05/25/29 | 1750000 | 1768973 |
| LHOME Mortgage Trust, Series 2024-RTL4, Class A2 <sup>(c)</sup> | 6.092% | 07/25/39 | 9500000 | 9575509 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 5.652% | 01/25/40 | 34000000 | 34238214 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class M2 <sup>(c)</sup> | 8.379% | 01/25/40 | 3750000 | 3843069 |
| New York Mortgage Trust, Series 2024-BPL1, Class A2 <sup>(c)</sup> | 8.617% | 02/25/29 | 2500000 | 2514036 |
| ROC Mortgage Trust, Series 2025-RTL1, Class M2 <sup>(c)</sup> | 8.539% | 02/25/40 | 9800000 | 9738152 |
| ROC Securities Trust, Series 2021-RTL1, Class A2 <sup>(c)</sup> | 3.351% | 08/25/26 | 6781664 | 6768520 |
| ROC Securities Trust, Series 2021-RTL1, Class M <sup>(c)</sup> | 5.682% | 08/25/26 | 6745000 | 6691475 |
| ROC Securities Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 5.625% | 02/25/40 | 25000000 | 25098198 |
| ROC Securities Trust, Series 2025-RTL1, Class M1 <sup>(c)</sup> | 6.990% | 02/25/40 | 7700000 | 7727414 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class A1 <sup>(c)</sup> | 5.545% | 07/25/39 | 16000000 | 16027658 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class A2 <sup>(c)</sup> | 5.956% | 07/25/39 | 5400000 | 5425531 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class M2 <sup>(c)</sup> | 9.398% | 07/25/39 | 8750000 | 8657626 |
|  |  |  |  | 345568007 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Retail - 0.4%** | **Retail - 0.4%** | **Retail - 0.4%** | | |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class A <br> (1\* SOFR + 115) <sup>(a)(c)</sup> | 5.515% | 02/15/40 | $2202248 | $2196743 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class B <br> (1\* SOFR + 145) <sup>(a)(c)</sup> | 5.815% | 02/15/40 | 4552000 | 4549527 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C <br> (1\* SOFR + 180) <sup>(a)(c)</sup> | 6.165% | 02/15/40 | 3040000 | 3046525 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D <br> (1\* SOFR + 250) <sup>(a)(c)</sup> | 6.865% | 02/15/40 | 2083200 | 2082066 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class E <br> (1\* SOFR + 365) <sup>(a)(c)</sup> | 8.015% | 02/15/40 | 5680000 | 5676900 |
|  |  |  |  | 17551761 |
| **Second Lien - 4.3%** |  |  |  |  |
| Achieve Mortgage, Series 2024-HE2, Class A <sup>(c)</sup> | 5.350% | 10/25/39 | 11995627 | 12021964 |
| Achieve Mortgage, Series 2025-HE1, Class A <sup>(c)</sup> | 5.920% | 03/25/55 | 12979243 | 13195198 |
| HTAP Trust, Series 2024-1, Class A <sup>(c)</sup> | 7.000% | 04/25/37 | 10321701 | 10385104 |
| HTAP Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.500% | 04/25/42 | 41485410 | 41369014 |
| Point Securitization Trust, Series 2023-1, Class A1 <sup>(c)</sup> | 6.500% | 11/25/53 | 5549857 | 5554625 |
| Point Securitization Trust, Series 2024-1, Class A1 <sup>(c)</sup> | 6.500% | 06/25/54 | 6289453 | 6291122 |
| Point Securitization Trust, Series 2025-1, Class A1 <sup>(c)</sup> | 6.250% | 06/25/55 | 6135902 | 6136829 |
| Unlock HEA Trust, Series 24-1, Class A <sup>(c)</sup> | 7.000% | 04/25/39 | 10554615 | 10580564 |
| Unlock HEA Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.500% | 10/25/39 | 18342920 | 18309556 |
| Unlock HEA Trust, Series 2025-1, Class A <sup>(c)</sup> | 6.750% | 07/25/41 | 18934190 | 18983858 |
| Vista Point Securitization Trust, Series 2024-CES1, Class A1 <sup>(c)</sup> | 6.676% | 05/25/54 | 4804004 | 4862572 |
| Vista Point Securitization Trust, Series 2024-CES2, Class A1 <sup>(c)</sup> | 5.252% | 10/25/54 | 15431697 | 15408703 |
| Vista Point Securitization Trust, Series 2024-CES3, Class A1 <sup>(c)</sup> | 5.679% | 01/25/55 | 10332550 | 10379492 |
| Woodward Capital Management, Series 2023-CES2, Class A1A <sup>(a)(c)</sup> | 6.808% | 09/25/43 | 10626300 | 10756916 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Second Lien - 4.3% (Continued)** |  |  |  |  |
| Woodward Capital Management, Series 24-CES3, Class A1A <sup>(a)(c)</sup> | 6.591% | 05/25/44 | $11554718 | $11742045 |
| Woodward Capital Management, Series 2024-CES5, Class A1A <sup>(c)</sup> | 5.846% | 08/25/44 | 4424497 | 4471310 |
|  |  |  |  | 200448872 |
| **Single Family Rental - 5.1%** |  |  |  |  |
| Firstkey Homes Trust, Series 2020-SFR2, Class A <sup>(c)</sup> | 1.266% | 10/19/37 | 86161485 | 85759283 |
| Firstkey Homes Trust, Series 2020-SFR2, Class B <sup>(c)</sup> | 1.567% | 10/19/37 | 24485000 | 24375611 |
| Home Partners of America Trust, Series 2019-1, Class A <sup>(c)</sup> | 2.908% | 09/17/39 | 2079388 | 2021613 |
| Home Partners of America Trust, Series 2019-1, Class B <sup>(c)</sup> | 3.157% | 09/17/39 | 2431357 | 2368270 |
| Home Partners of America Trust, Series 2019-2, Class A <sup>(c)</sup> | 2.703% | 10/19/39 | 413619 | 409098 |
| Progress Residential Trust, Series 2024-SFR4, Class E2 <sup>(c)</sup> | 3.400% | 07/09/29 | 4500000 | 4119390 |
| Progress Residential Trust, Series 2024-SFR4, Class E1 <sup>(c)</sup> | 3.400% | 07/09/29 | 12500000 | 11510598 |
| Progress Residential Trust, Series 2024-SFR4, Class D <sup>(c)</sup> | 3.400% | 07/09/29 | 15000000 | 14030277 |
| Progress Residential Trust, Series 2024-SFR5, Class E1 <sup>(c)</sup> | 3.375% | 08/09/29 | 22681000 | 20960451 |
| Progress Residential Trust, Series 2021-SFR5, Class A <sup>(c)</sup> | 1.427% | 07/17/38 | 430998 | 424076 |
| Progress Residential Trust, Series 2021-SFR5, Class E1 <sup>(c)</sup> | 2.209% | 07/17/38 | 5000000 | 4886515 |
| Progress Residential Trust, Series 2021-SFR8, Class E2 <sup>(c)</sup> | 2.532% | 10/17/38 | 11311000 | 11043852 |
| Progress Residential Trust, Series 2023-SFR2, Class E1 <sup>(c)</sup> | 4.750% | 10/17/40 | 3141000 | 3076197 |
| Progress Residential Trust, Series 2024-SFR2, Class E1 <sup>(c)</sup> | 3.400% | 04/17/41 | 2500000 | 2316958 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Single Family Rental - 5.1% (Continued)** |  |  |  |  |
| Progress Residential Trust, Series 2024-SFR2, Class E2 <sup>(c)</sup> | 3.650% | 04/17/41 | $1500000 | $1388952 |
| Progress Residential Trust, Series 2024-SFR3, Class D <sup>(c)</sup> | 3.500% | 06/17/41 | 11500000 | 10821422 |
| Progress Residential Trust, Series 2024-SFR3, Class E2 <sup>(c)</sup> | 4.000% | 06/17/41 | 2000000 | 1870716 |
| Progress Residential Trust, Series 2025-SFR1, Class D <sup>(c)</sup> | 3.650% | 02/17/42 | 6500000 | 6072955 |
| Progress Residential Trust, Series 2025-SFR1, Class E2 <sup>(c)</sup> | 3.750% | 02/17/42 | 11000000 | 10059732 |
| Tricon American Homes, Series 2019-SFR1, Class E <sup>(c)</sup> | 3.397% | 03/17/38 | 4000000 | 3961839 |
| Tricon American Homes, Series 2019-SFR1, Class A <sup>(c)</sup> | 3.745% | 03/17/38 | 1473243 | 1461473 |
| Tricon American Homes, Series 2019-SFR1, Class F <sup>(c)</sup> | 3.745% | 03/17/38 | 3000000 | 2979216 |
| Tricon American Homes Trust, Series 2020-SFR1, Class A <sup>(c)</sup> | 1.499% | 07/17/38 | 992212 | 970890 |
| Tricon Residential, Series 2025-SFR1, Class C (1\* TSFR1M + 160) <sup>(a)(c)</sup> | 5.963% | 03/17/30 | 5650000 | 5662036 |
| Tricon Residential, Series 2025-SFR1, Class D (1\* TSFR1M + 200) <sup>(a)(c)</sup> | 6.363% | 03/17/30 | 4000000 | 4014181 |
|  |  |  |  | 236565601 |
| **Small Business - 2.8%** |  |  |  |  |
| CPC Asset Securitization, LLC, Series 2025-1A, Class A <sup>(c)</sup> | 5.780% | 07/15/31 | 15000000 | 15144765 |
| Credibility Asset Securitization, Series 2024-1A, Class A <sup>(c)</sup> | 6.440% | 11/15/29 | 9000000 | 9121130 |
| Credibility Asset Securitization, Series 2024-1A, Class D <sup>(c)</sup> | 12.450% | 11/15/29 | 4000000 | 4073239 |
| FORA Financial Asset Securitization, Series 2024-1A, Class D <sup>(c)</sup> | 12.010% | 08/15/29 | 4000000 | 4036738 |
| FORA Financial Asset Securitization, Series 2024-1A, Class E <sup>(c)</sup> | 15.510% | 08/15/29 | 8947000 | 9006233 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Small Business - 2.8% (Continued)** |  |  |  |  |
| Kapitus Asset Securitization, LLC, Series 2024-1A, Class A <sup>(c)</sup> | 5.490% | 09/10/31 | $10000000 | $10045134 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class A <sup>(c)</sup> | 5.490% | 09/10/31 | 11000000 | 11049647 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class B <sup>(c)</sup> | 5.690% | 09/10/31 | 4800000 | 4799564 |
| Kapitus Asset Securitization, LLC, Series 2024-4, Class C <sup>(c)</sup> | 7.150% | 09/10/31 | 2000000 | 2014487 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class D <sup>(c)</sup> | 9.900% | 09/10/31 | 6220000 | 6274358 |
| Mulligan Asset Securitization Loans, Series 2024-1, Class C NEW <sup>(c)</sup> | 12.057% | 10/15/31 | 3440000 | 3510570 |
| Newtek Alternative Loan Program, Series 2024-1, Class A <sup>(c)</sup> | 6.490% | 12/27/49 | 14483851 | 14705187 |
| Newtek Alternative Loan Program, Series 2024-1, Class B <sup>(c)</sup> | 7.710% | 12/27/49 | 4345155 | 4400692 |
| Newtek Small Business Loan Trust, Series 2022-1, Class B <br> (1\* SOFR + 375) <sup>(a)(c)</sup> | 7.500% | 10/25/49 | 1447213 | 1429742 |
| Newtek Small Business Loan Trust, Series 2023-1, Class B <br> (1\* Prime + 75) <sup>(a)(c)</sup> | 8.000% | 07/25/50 | 4032556 | 4005378 |
| OnDeck Asset Securitization Trust, Series 2024-1A, Class B <sup>(c)</sup> | 7.150% | 06/17/31 | 6350000 | 6418967 |
| OnDeck Asset Securitization Trust, Series 2024-2A, Class B <sup>(c)</sup> | 5.420% | 10/17/31 | 11500000 | 11521339 |
| OnDeck Asset Securitization Trust, Series 2024-2A, Class C <sup>(c)</sup> | 7.030% | 10/17/31 | 2350000 | 2355735 |
| RFS Asset Securitization II, LLC, Series 2024-1, Class D <sup>(c)</sup> | 12.324% | 07/15/31 | 3250000 | 3298628 |
| RFS Asset Securitization II, LLC, Series 2024-1, Class E <sup>(c)</sup> | 14.782% | 07/15/31 | 5565000 | 5616810 |
|  |  |  |  | 132828343 |
| **Student Loan - 0.3%** |  |  |  |  |
| Ascent Career Funding Trust, Series 2024-1A, Class A <sup>(c)</sup> | 6.770% | 10/25/32 | 2905734 | 2925603 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Student Loan - 0.3% (Continued)** |  |  |  |  |
| Ascent Career Funding Trust, Series 2024-1A, Class B <sup>(c)</sup> | 9.730% | 10/25/32 | $2700000 | $2778567 |
| College Ave Student Loans, Series 2018-A, Class B <sup>(c)</sup> | 4.750% | 12/26/47 | 508346 | 503317 |
| College Ave Student Loans, Series 2018-A, Class C <sup>(c)</sup> | 5.500% | 12/26/47 | 286338 | 281951 |
| College Ave Student Loans, Series 2019-A, Class C <sup>(c)</sup> | 4.460% | 12/28/48 | 1698500 | 1660185 |
| College Ave Student Loans, Series 2021-A, Class B <sup>(c)</sup> | 2.320% | 07/25/51 | 1096362 | 1019394 |
| College Ave Student Loans, Series 2021-A, Class D <sup>(c)</sup> | 4.120% | 07/25/51 | 564892 | 543149 |
| CommonBond Student Loan Trust, Series 2017-BGS, Class C <sup>(c)</sup> | 4.440% | 09/25/42 | 227751 | 194332 |
| Laurel Road Prime Student Loan, Series 2019-A, Class BFX <sup>(c)</sup> | 3.000% | 10/25/48 | 2512757 | 2474247 |
| Prodigy Finance, Series 2021-1A, Class A (1\* TSFR1M + 136) <sup>(a)(c)</sup> | 5.696% | 07/25/51 | 374187 | 373840 |
|  |  |  |  | 12754585 |
| **Unsecured Consumer - 12.0%** |  |  |  |  |
| ACHV ABS Trust, Series 2023-3PL, Class D <sup>(c)</sup> | 8.360% | 08/19/30 | 1478494 | 1498126 |
| ACHV ABS Trust, Series 2023-4CP, Class E <sup>(c)</sup> | 10.500% | 11/25/30 | 3000000 | 3054558 |
| ACHV ABS Trust, Series 2024-1PL, Class D <sup>(c)</sup> | 7.290% | 04/25/31 | 14492005 | 14766472 |
| ACHV ABS Trust, Series 2024-3AL, Class D <sup>(c)</sup> | 6.750% | 12/26/31 | 4848895 | 4919329 |
| ACHV ABS Trust, Series 2024-3AL, Class E <sup>(c)</sup> | 7.000% | 12/26/31 | 7750000 | 7723149 |
| Affirm, Inc., Series 2022-Z1, Class B <sup>(c)</sup> | 6.490% | 06/15/27 | 948621 | 951465 |
| Affirm, Inc., Series 2025-X1, Class D <sup>(c)</sup> | 6.110% | 04/15/30 | 10000000 | 10051021 |
| AMCR ABS Trust, Series 2023-1, Class B <sup>(c)</sup> | 8.700% | 01/21/31 | 7998538 | 8068613 |
| AMCR ABS Trust, Series 2024-A, Class A <sup>(c)</sup> | 6.260% | 08/18/31 | 7850899 | 7878810 |
| AMCR ABS Trust, Series 2024-A, Class B <sup>(c)</sup> | 6.970% | 08/18/31 | 5000000 | 5083084 |
| AMCR ABS Trust, Series 2024-A, Class C <sup>(c)</sup> | 11.250% | 08/18/31 | 6000000 | 6392265 |
| Bankers Healthcare Group Securitization Trust, Series 2023-B, <br> Class C <sup>(c)</sup> | 8.150% | 12/17/36 | 3500000 | 3660463 |
| Cherry Securitization Trust, Series 2024-1A, Class A <sup>(c)</sup> | 5.700% | 04/15/32 | 13350000 | 13477023 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Cherry Securitization Trust, Series 2024-1A, Class C <sup>(c)</sup> | 9.310% | 04/15/32 | $2750000 | $2805321 |
| Cherry Securitization Trust, Series 2024-1A, Class D <sup>(c)</sup> | 12.280% | 04/15/32 | 11390000 | 11637172 |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(c)</sup> | 6.130% | 11/15/32 | 18200000 | 18495555 |
| Cherry Securitization Trust, Series 2025-1A, Class D <sup>(c)</sup> | 12.690% | 11/15/32 | 14000000 | 14427536 |
| Freedom Financial Trust, Series 2022-3FP, Class D <sup>(c)</sup> | 7.360% | 08/20/29 | 4741415 | 4770971 |
| Freedom Financial Trust, Series 2022-4FP, Class D <sup>(c)</sup> | 7.400% | 12/18/29 | 9250274 | 9308367 |
| LendingPoint Asset Securitization, Series 2022-C, Class C <sup>(c)</sup> | 8.680% | 02/15/30 | 3933912 | 3914693 |
| LendingPoint Asset Securitization, Series 2022-C, Class D <sup>(c)</sup> | 10.730% | 02/15/30 | 4920000 | 960886 |
| Lendmark Funding Trust, Series 2020-2, Class B <sup>(c)</sup> | 3.540% | 04/21/31 | 2000000 | 1956171 |
| Lendmark Funding Trust, Series 2020-2A, Class C <sup>(c)</sup> | 4.690% | 04/21/31 | 1000000 | 982305 |
| Lendmark Funding Trust, Series 2025-2A, Class D <sup>(c)</sup> | 5.980% | 10/20/34 | 10400000 | 10462363 |
| Mariner Finance Issuance Trust, Series 2021-AA, Class D <sup>(c)</sup> | 4.340% | 03/20/36 | 1850000 | 1786109 |
| Mariner Finance Issuance Trust, Series 2024-AA, Class B <sup>(c)</sup> | 5.680% | 09/22/36 | 4000000 | 4076592 |
| Mariner Finance Issuance Trust, Series 2024-AA, Class C <sup>(c)</sup> | 6.000% | 09/22/36 | 3000000 | 3066713 |
| Oportun Funding, LLC, Series 2024-3, Class D <sup>(c)</sup> | 9.600% | 08/15/29 | 8300000 | 8534866 |
| Oportun Funding, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 7.421% | 04/08/31 | 1000000 | 1003389 |
| Oportun Funding, LLC, Series 2024-1A, Class D <sup>(c)</sup> | 12.072% | 04/08/31 | 12250000 | 12675472 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Oportun Funding, LLC, Series 2021-B, Class A <sup>(c)</sup> | 1.470% | 05/08/31 | $1595024 | $1562840 |
| Oportun Funding, LLC, Series 2021-B, Class D <sup>(c)</sup> | 5.410% | 05/08/31 | 3204697 | 3178568 |
| Oportun Funding, LLC, Series 2021-C, Class A <sup>(c)</sup> | 2.180% | 10/08/31 | 7828088 | 7680429 |
| Oportun Funding, LLC, Series 2021-C, Class B <sup>(c)</sup> | 2.670% | 10/08/31 | 5815151 | 5714058 |
| Oportun Funding, LLC, Series 2021-C, Class C <sup>(c)</sup> | 3.610% | 10/08/31 | 3802214 | 3752955 |
| Oportun Funding, LLC, Series 2021-C, Class D <sup>(c)</sup> | 5.570% | 10/08/31 | 2806929 | 2775552 |
| Oportun Funding, LLC, Series 2024-2, Class D <sup>(c)</sup> | 10.470% | 02/09/32 | 8000000 | 8350115 |
| Oportun Funding, LLC, Series 2025-1, Class B <sup>(c)</sup> | 5.240% | 08/16/32 | 3122000 | 3137356 |
| Oportun Funding, LLC, Series 2025-1, Class D <sup>(c)</sup> | 8.270% | 08/16/32 | 4500000 | 4552238 |
| Oportun Funding, LLC, Series 2025-A, Class D <sup>(c)</sup> | 7.250% | 02/08/33 | 6500000 | 6512868 |
| Oportun Funding, LLC, Series 2025-A, Class E <sup>(c)</sup> | 10.000% | 02/08/33 | 8500000 | 8537261 |
| Oportun Funding, LLC, Series 2025-B, Class E <sup>(c)</sup> | 9.400% | 05/09/33 | 7250000 | 7323050 |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(c)</sup> | 5.910% | 07/08/33 | 13900000 | 13957069 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class A <sup>(c)</sup> | 6.660% | 07/15/31 | 824149 | 829555 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class C <sup>(c)</sup> | 8.344% | 07/15/31 | 3716405 | 3761530 |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.319% | 08/15/31 | 1697237 | 1708335 |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class B <sup>(c)</sup> | 6.611% | 08/15/31 | 6034301 | 6079914 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class C <sup>(c)</sup> | 7.573% | 08/15/31 | $7721825 | $7798218 |
| Pagaya AI Debt Selection Trust, Series 2024-3, Class C <sup>(c)</sup> | 7.297% | 10/15/31 | 4375924 | 4416944 |
| Pagaya AI Debt Selection Trust, Series 2025-R1, Class E <sup>(c)</sup> | 12.105% | 06/15/32 | 3000000 | 3020887 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class D <sup>(c)</sup> | 6.282% | 07/15/32 | 11798993 | 11920155 |
| Pagaya AI Debt Selection Trust, Series 2024-11, Class D <sup>(c)</sup> | 6.307% | 07/15/32 | 15573211 | 15637873 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class E <sup>(c)</sup> | 10.079% | 07/15/32 | 6999402 | 7109068 |
| Pagaya AI Debt Selection Trust, Series 2025-3, Class E <sup>(c)</sup> | 12.626% | 12/15/32 | 7498485 | 7702289 |
| Pagaya AI Debt Selection Trust, Series 2025-4, Class C <sup>(c)</sup> | 6.146% | 01/17/33 | 13000000 | 13225870 |
| Pagaya AI Debt Selection Trust, Series 2025-4, Class D <sup>(c)</sup> | 6.572% | 01/17/33 | 6900000 | 7041078 |
| Pagaya AI Debt Selection Trust, Series 2025-5, Class B <sup>(c)</sup> | 5.440% | 03/15/33 | 24500000 | 24695424 |
| Pagaya AI Debt Selection Trust, Series 2025-6, Class B <sup>(c)</sup> | 4.883% | 04/15/33 | 16275000 | 16262773 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class A <sup>(c)</sup> | 5.715% | 01/20/34 | 14400000 | 14568614 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class E <sup>(c)</sup> | 11.276% | 01/20/34 | 2650000 | 2735943 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class F <sup>(c)</sup> | 12.000% | 01/20/34 | 2600000 | 2444312 |
| Prosper Marketplace Issuance Trust, Series 2023-1, Class D <sup>(c)</sup> | 11.240% | 07/16/29 | 1900000 | 1965249 |
| Purchasing Power Funding, Series 2024-A, Class C <sup>(c)</sup> | 6.800% | 08/15/28 | 8820000 | 8924798 |
| Purchasing Power Funding, Series 2024-A, Class E <sup>(c)</sup> | 10.180% | 08/15/28 | 2200000 | 2234225 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Reach Financial, LLC, Series 2024-1A, Class B <sup>(c)</sup> | 6.290% | 02/18/31 | $3500000 | $3533579 |
| Reach Financial, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 6.900% | 02/18/31 | 3450000 | 3556619 |
| Reach Financial, LLC, Series 2023-1A, Class C <sup>(c)</sup> | 8.450% | 02/18/31 | 14020000 | 14289132 |
| Reach Financial, LLC, Series 2024-2A, Class C <sup>(c)</sup> | 6.130% | 07/15/31 | 3000000 | 3076200 |
| Reach Financial, LLC, Series 2025-1A, Class B <sup>(c)</sup> | 5.340% | 08/16/32 | 5700000 | 5784764 |
| Reach Financial, LLC, Series 2025-1A, Class C <sup>(c)</sup> | 5.990% | 08/16/32 | 2500000 | 2544910 |
| Regional Management Issuance Trust, Series 2021-1, Class C <sup>(c)</sup> | 3.040% | 03/17/31 | 4484968 | 4465062 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST2, Class NT <sup>(c)</sup> | 6.110% | 06/15/32 | 15635575 | 15818371 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class A <sup>(c)</sup> | 4.794% | 09/15/32 | 10457558 | 10482724 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(c)</sup> | 5.254% | 09/15/32 | 9250000 | 9277151 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(c)</sup> | 5.923% | 09/15/32 | 19300000 | 19443544 |
| Upgrade Receivables Trust, Series 2024-1A, Class C <sup>(c)</sup> | 6.470% | 01/15/31 | 8875000 | 8970562 |
| Upstart Pass-Through Trust, Series 2021-ST4, Class A <sup>(c)</sup> | 2.000% | 07/20/27 | 163427 | 163142 |
| Upstart Pass-Through Trust, Series 2022-ST3, Class A <sup>(c)</sup> | 4.300% | 05/20/30 | 3710756 | 3697572 |
| Upstart Securitization Trust, Series 2025-3, Class C <sup>(c)</sup> | 5.430% | 09/20/35 | 10300000 | 10265567 |
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A <sup>(c)</sup> | 4.250% | 06/17/30 | 695859 | 693221 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Upstart Structured Pass-Through Trust, Series 2022-4A, Class B <sup>(c)</sup> | 8.540% | 11/15/30 | $2538617 | $2546591 |
|  |  |  |  | 558114983 |
| **Total Securitized** (Cost $3,926,691,223) |  |  |  | $3980288551 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 4.4%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury Notes <sup>(b)</sup> | 1.625% | 02/15/26 | $20000000 | $19828906 |
| U.S. Treasury STRIPS | 0.125% | 04/15/26 | 12317700 | 12252623 |
| U.S. Treasury Notes | 3.625% | 05/15/26 | 15000000 | 14979434 |
| U.S. Treasury Notes | 3.750% | 08/31/26 | 25000000 | 25000781 |
| U.S. Treasury Notes | 4.375% | 12/15/26 | 15000000 | 15117188 |
| U.S. Treasury Notes | 2.250% | 02/15/27 | 10000000 | 9808984 |
| U.S. Treasury Notes <sup>(b)</sup> | 4.500% | 05/15/27 | 20000000 | 20260938 |
| U.S. Treasury Notes <sup>(b)</sup> | 2.250% | 08/15/27 | 50000000 | 48759766 |
| U.S. Treasury Notes | 3.875% | 10/15/27 | 20000000 | 20098438 |
| U.S. Treasury Notes | 1.250% | 09/30/28 | 20000000 | 18654688 |
| **Total Treasury** (Cost $203,816,244) |  |  |  | $204761746 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 11.1%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(g)</sup> | 486975976 | $486975976 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(g)(h)</sup> | 30069623 | 30069623 |
| **Total Registered Investment Companies** (Cost $517,045,599) |  | $517045599 |
| **Total Investment Securities - 102.2%** (Cost $4,714,946,675) |  | $4770143546 |
| **Liabilities in Excess of Other Assets - (2.2)%** |  | (100102205) |
| **Net Assets - 100.0%** |  | $4670041341 |

---

<sup>(a)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. 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.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $66,482,273.

<sup>(c)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $3,616,715,611, representing 77.4% of net assets.

<sup>(d)</sup> Percentage rounds to less than 0.1%.

<sup>(e)</sup> Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2025 was $40,131,342 representing 0.9% of net assets.

<sup>(f)</sup> Non-income producing security - security in default.

<sup>(g)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(h)</sup> 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 $38,311,613.

IO - Interest Only

NA - National Association

plc - Public Limited Company

PO - Principal Only

Prime - Short-term interest rate in the banking system of the U.S.

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 1.9%** | **ABS-Other - 1.9%** | **ABS-Other - 1.9%** | | |
| Service Experts Issuer, Series 2025-1A, Class B <sup>(a)</sup> | 7.620% | 01/20/37 | $350000 | $352896 |
| US Bank NA, Series 2025-SUP2, Class E (1\* SOFR30A + 370) <sup>(a)(b)</sup> | 8.086% | 09/25/32 | 250000 | 250292 |
|  |  |  |  | 603188 |
| **Agency MBS CMO - 53.5%** |  |  |  |  |
| FHLMC, Series 4434, Class HZ | 3.000% | 06/15/37 | 616542 | 512355 |
| FHLMC, Series 4045, Class PE | 3.500% | 05/15/42 | 360000 | 326221 |
| FHLMC, Series 4158, Class CA | 1.500% | 12/15/42 | 188674 | 164108 |
| FHLMC, Series 4152, Class GW | 2.500% | 01/15/43 | 877077 | 710894 |
| FHLMC, Series 4210, Class Z | 3.000% | 05/15/43 | 153771 | 129023 |
| FHLMC, Series 4425, Class TA | 2.000% | 01/15/45 | 1402580 | 1215985 |
| FHLMC, Series 5151, Class WN | 2.000% | 10/25/50 | 222898 | 125131 |
| FHLMC, Series 5071, Class ZT | 1.500% | 02/25/51 | 1612529 | 688516 |
| FHLMC, Series 5131, Class JL | 1.000% | 08/25/51 | 616118 | 470058 |
| FNMA, Series 2020-44, Class EG | 2.000% | 09/25/42 | 1131805 | 977881 |
| FNMA, Series 2012-103, Class ZP | 3.000% | 09/25/42 | 1333143 | 1038130 |
| FNMA, Series 2012-152, Class TC | 2.500% | 01/25/43 | 222000 | 174429 |
| FNMA, Series 2017-87, Class EA | 3.000% | 04/25/44 | 1717250 | 1578490 |
| FNMA, Series 2016-61, Class ML | 3.000% | 09/25/46 | 400000 | 337111 |
| FNMA, Series 2017-48, Class LH | 2.500% | 05/25/47 | 292910 | 259373 |
| FNMA, Series 2018-28, Class CA | 3.000% | 05/25/48 | 181854 | 163072 |
| FNMA, Series 2018-95, Class B | 3.500% | 01/25/49 | 1732140 | 1583107 |
| FNMA, Series 2020-92, Class NB | 1.000% | 05/25/50 | 378367 | 288928 |
| FNMA, Series 2021-6, Class KU | 1.500% | 02/25/51 | 144361 | 82996 |
| FNMA, Series 2022-10, Class CK | 2.250% | 02/25/52 | 119120 | 71734 |
| FNMA, Series 2019-22, Class BA | 3.500% | 12/25/58 | 524107 | 496610 |
| GNMA, Series 2009-54, Class Z | 6.000% | 07/16/39 | 921052 | 966213 |
| GNMA, Series 2012-97, Class CB | 2.500% | 08/16/42 | 723383 | 605832 |
| GNMA, Series 2012-143, Class QD | 1.500% | 10/20/42 | 207711 | 183959 |
| GNMA, Series 2012-129, Class PE | 2.000% | 11/16/42 | 250000 | 200264 |
| GNMA, Series 2016-19, Class AC | 3.000% | 02/20/46 | 132000 | 110824 |
| GNMA, Series 2020-123, Class EA | 1.000% | 08/20/50 | 176981 | 98875 |
| GNMA, Series 2021-24, Class QD | 1.250% | 08/20/50 | 377833 | 297566 |
| GNMA, Series 2020-123, Class PB | 2.250% | 08/20/50 | 502692 | 415474 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 53.5% (Continued)** |  |  |  |  |
| GNMA, Series 2020-134, Class XL | 1.000% | 09/20/50 | $199999 | $94246 |
| GNMA, Series 2020-138, Class NU | 1.500% | 09/20/50 | 129644 | 72337 |
| GNMA, Series 2020-183, Class AY | 2.000% | 11/20/50 | 777628 | 635169 |
| GNMA, Series 2021-8, Class DG | 1.500% | 01/20/51 | 1061997 | 830432 |
| GNMA, Series 2021-87, Class DB | 2.000% | 05/20/51 | 711393 | 617045 |
|  |  |  |  | 16522388 |
| **Agency MBS CMO Derivatives - 4.0%** |  |  |  |  |
| FHLMC, Series 5092, Class KS (IO) (-1\* SOFR30A + 330) <sup>(b)</sup> | 0.000% | 03/25/51 | 640881 | 241802 |
| FNMA, Series 2012-128, Class SH (IO) (-1\* SOFR + 400) <sup>(b)</sup> | 0.000% | 11/25/42 | 146435 | 103264 |
| FNMA, Series 2012-133, Class WS (-.83\* SOFR30A + 391) <sup>(b)</sup> | 0.075% | 12/25/42 | 134430 | 80994 |
| GNMA, Series 2011-7, Class LS (IO) | 0.970% | 12/20/40 | 943133 | 819426 |
|  |  |  |  | 1245486 |
| **Agency MBS Passthrough - 3.9%** |  |  |  |  |
| FHLMC, Pool #SD2217 | 6.000% | 01/01/53 | 401338 | 415876 |
| GNMA, Series 2020-16, Class MD | 2.750% | 02/20/50 | 683571 | 570835 |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | 198294 | 207425 |
|  |  |  |  | 1194136 |
| **Auto Loan - 2.3%** |  |  |  |  |
| ACM Auto Trust, Series 2025-3A, Class B <sup>(a)</sup> | 6.080% | 07/20/32 | 150000 | 145919 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class D <sup>(a)</sup> | 5.820% | 01/15/32 | 175000 | 175429 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(a)</sup> | 4.835% | 09/20/33 | 96920 | 97158 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, <br> Class D <sup>(a)</sup> | 6.012% | 06/26/34 | 100000 | 100000 |
| Western Funding Auto Loan Trust, Series 2025-1, Class D <sup>(a)</sup> | 5.790% | 01/15/36 | 200000 | 202245 |
|  |  |  |  | 720751 |
| **CRE/CLO - 2.5%** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL3, <br> Class C (1\* TSFR1M + 196) <sup>(a)(b)</sup> | 6.115% | 08/15/34 | 300000 | 298980 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 2.5% (Continued)** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class C (1\* TSFR1M + 369) <sup>(a)(b)</sup> | 8.027% | 01/18/41 | $270000 | $269866 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, Class C (1\* TSFR1M + 269) <sup>(a)(b)</sup> | 7.033% | 08/20/42 | 100000 | 99942 |
| BXMT Ltd., Series 2020-FL3, Class C (1\* TSFR1M + 316) <sup>(a)(b)</sup> | 7.528% | 11/15/37 | 100000 | 98054 |
|  |  |  |  | 766842 |
| **Equipment - 0.9%** |  |  |  |  |
| MMP Capital, LLC, Series 2025-A, Class A <sup>(a)</sup> | 5.360% | 12/15/31 | 114765 | 115633 |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(a)</sup> | 8.540% | 06/15/29 | 150000 | 153873 |
|  |  |  |  | 269506 |
| **HECM - 6.5%** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class A2 <sup>(a)</sup> | 4.500% | 07/25/65 | 250000 | 235780 |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class M3 <sup>(a)</sup> | 4.500% | 07/25/65 | 125861 | 101396 |
| Onity Loan Investment Trust, Series 2025-HB1, Class A <sup>(a)</sup> | 3.000% | 06/25/38 | 196082 | 191375 |
| Onity Loan Investment Trust, Series 2025-HB1, Class M4 <sup>(a)</sup> | 3.000% | 06/25/38 | 500000 | 417467 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 <sup>(a)</sup> | 4.704% | 11/25/31 | 920000 | 874091 |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(a)</sup> | 3.000% | 01/25/62 | 200000 | 185460 |
|  |  |  |  | 2005569 |
| **Hospitality - 0.7%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(a)(b)</sup> | 6.700% | 08/15/42 | 100000 | 100063 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(a)(b)</sup> | 7.450% | 08/15/42 | 125000 | 125078 |
|  |  |  |  | 225141 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Industrial - 1.6%** | **Industrial - 1.6%** | **Industrial - 1.6%** | | |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(a)(b)</sup> | 7.400% | 07/15/27 | $150000 | $151125 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(a)(b)</sup> | 7.000% | 08/15/42 | 95828 | 96095 |
| DK Trust, Series 2025-LXP, Class C <sup>(a)</sup> | 6.592% | 08/15/37 | 150000 | 150141 |
| DK Trust, Series 2025-LXP, Class D <sup>(a)</sup> | 7.241% | 08/15/37 | 100000 | 100125 |
|  |  |  |  | 497486 |
| **Laboratory - 3.4%** |  |  |  |  |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(a)</sup> | 2.446% | 11/10/46 | 200000 | 170131 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(a)(b)</sup> | 5.664% | 03/15/38 | 143500 | 142603 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1<br> (1\* TSFR1M + 130) <sup>(a)(b)</sup> | 5.445% | 05/15/39 | 250000 | 243125 |
| Life Financial Services Trust, Series 2022-BMR2, Class C <br> (1\* TSFR1M + 209) <sup>(a)(b)</sup> | 6.243% | 05/15/39 | 195000 | 178181 |
| VRTX Trust, Series 2025-HQ, Class D <sup>(a)</sup> | 6.815% | 09/05/30 | 300000 | 305374 |
|  |  |  |  | 1039414 |
| **Multifamily - 3.1%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(a)(b)</sup> | 7.239% | 08/15/39 | 187239 | 187706 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN2, Class M2<br> (1\* SOFR30A + 335) <sup>(a)(b)</sup> | 7.706% | 07/25/41 | 263014 | 264966 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-1<br> (1\* SOFR30A + 205) <sup>(a)(b)</sup> | 6.405% | 02/25/45 | 222592 | 220759 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class M-1<br> (1\* SOFR + 230) <sup>(a)(b)</sup> | 6.656% | 11/25/51 | 271360 | 271828 |
|  |  |  |  | 945259 |
| **Non-Agency MBS 2.0 - 0.5%** |  |  |  |  |
| Redwood Funding Trust, Series 2025-3, Class B <sup>(a)</sup> | 7.749% | 12/27/56 | 150000 | 149900 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 3.7%** | **Office - 3.7%** | **Office - 3.7%** | | |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1, Class A <sup>(a)</sup> | 3.665% | 12/15/35 | $250000 | $235468 |
| Banc of America Merrill Lynch Commerical Mortgage, Series 2020-BOC, Class D <sup>(a)</sup> | 3.289% | 01/15/32 | 250000 | 188524 |
| NYC Commercial Mortgage Trust, Series 2025-3BP, Class B <br> (1\* TSFR1M + 169) <sup>(a)(b)</sup> | 5.842% | 02/15/42 | 290000 | 289754 |
| NYT Mortgage Trust, Series 2019-NYT, Class C <br> (1\* TSFR1M + 200) <sup>(a)(b)</sup> | 6.361% | 12/15/35 | 200000 | 194262 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(a)</sup> | 8.623% | 09/15/40 | 250000 | 252319 |
|  |  |  |  | 1160327 |
| **Residential Transition Loan - 3.1%** |  |  |  |  |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(a)</sup> | 6.456% | 05/25/40 | 250000 | 253571 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class A2 <sup>(a)</sup> | 6.060% | 07/25/40 | 350000 | 352293 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class B <sup>(a)</sup> | 8.400% | 07/25/40 | 150000 | 146515 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(a)</sup> | 5.952% | 01/25/40 | 200000 | 201395 |
|  |  |  |  | 953774 |
| **Retail - 1.3%** |  |  |  |  |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C <br> (1\* SOFR + 180) <sup>(a)(b)</sup> | 6.165% | 02/15/40 | 200000 | 200429 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D <br> (1\* SOFR + 250) <sup>(a)(b)</sup> | 6.865% | 02/15/40 | 200000 | 199891 |
|  |  |  |  | 400320 |
| **Second Lien - 1.8%** |  |  |  |  |
| Point Securitization Trust, Series 2023-1, Class A1 <sup>(a)</sup> | 6.500% | 11/25/53 | 269280 | 269511 |
| Point Securitization Trust, Series 2024-1, Class A1 <sup>(a)</sup> | 6.500% | 06/25/54 | 290282 | 290360 |
|  |  |  |  | 559871 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Small Business - 0.5%** |  |  |  |  |
| CPC Asset Securitization, LLC, Series 2025-1A, Class A <sup>(a)</sup> | 5.780% | 07/15/31 | $150000 | $151448 |
| **Unsecured Consumer - 4.3%** |  |  |  |  |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(a)</sup> | 6.130% | 11/15/32 | 300000 | 304872 |
| Lendmark Funding Trust, Series 2025-2A, Class D <sup>(a)</sup> | 5.980% | 10/20/34 | 220000 | 221319 |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(a)</sup> | 5.910% | 07/08/33 | 100000 | 100411 |
| Pagaya AI Debt Selection Trust, Series 2025-5, Class B <sup>(a)</sup> | 5.440% | 03/15/33 | 150000 | 151196 |
| RCKT Trust, Series 2025-1A, Class D <sup>(a)</sup> | 5.420% | 07/25/34 | 150000 | 151008 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(a)</sup> | 5.254% | 09/15/32 | 150000 | 150440 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(a)</sup> | 5.923% | 09/15/32 | 250000 | 251859 |
|  |  |  |  | 1331105 |
| **Total Securitized** (Cost $30,150,879) |  |  |  | $30741911 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 0.6%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> (Cost $167,125) | 167125 | $167125 |
| **Total Investment Securities - 100.1%** (Cost $30,318,004) |  | $30909036 |
| **Liabilities in Excess of Other Assets - (0.1)%** |  | (21030) |
| **Net Assets - 100.0%** |  | $30888006 |

---

<sup>(a)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $11,779,901, representing 38.1% of net assets.

<sup>(b)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. 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.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

IO - Interest Only

NA - National Association

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

**Diamond Hill Core Bond Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3%** | **Banking - 5.3%** | **Banking - 5.3%** | | |
| American Express Co. | 5.282% | 07/27/29 | $400000 | $412549 |
| American Express Co. <sup>(a)</sup> | 5.532% | 04/25/30 | 325000 | 339602 |
| American Express Co. <sup>(b)</sup> | 5.085% | 01/30/31 | 925000 | 953662 |
| American Express Co. | 5.284% | 07/26/35 | 825000 | 851575 |
| Bank of America Corp. | 3.194% | 07/23/30 | 3250000 | 3130392 |
| Bank of America Corp. (1\* TSFR3M + 145) <sup>(b)</sup> | 2.884% | 10/22/30 | 2300000 | 2182989 |
| Bank of America Corp. (1\* SOFR + 215) <sup>(b)</sup> | 2.592% | 04/29/31 | 450000 | 417009 |
| Bank of America Corp., Class B (1\* SOFR + 153) <sup>(a)(b)</sup> | 1.898% | 07/23/31 | 3000000 | 2679633 |
| Bank of America Corp. <sup>(b)</sup> | 2.687% | 04/22/32 | 7125000 | 6490734 |
| Bank of America Corp. <sup>(b)</sup> | 4.571% | 04/27/33 | 1700000 | 1699649 |
| Bank of America Corp. <sup>(b)</sup> | 5.468% | 01/23/35 | 250000 | 261058 |
| Bank of Montreal France | 0.949% | 01/22/27 | 630000 | 623080 |
| Bank of New York Mellon Corp. (The), Series J | 6.317% | 10/25/29 | 2150000 | 2287968 |
| Bank of New York Mellon Corp. (The) (1\* SOFR + 207) <sup>(b)</sup> | 5.834% | 10/25/33 | 500000 | 538526 |
| Bank of New York Mellon Corp. (The), Series J | 5.316% | 06/06/36 | 1700000 | 1758953 |
| Capital One Financial Corp. | 1.878% | 11/02/27 | 1000000 | 974372 |
| Capital One Financial Corp. | 3.273% | 03/01/30 | 400000 | 385484 |
| Capital One Financial Corp. <sup>(b)</sup> | 6.377% | 06/08/34 | 500000 | 540837 |
| Capital One Financial Corp. | 5.197% | 09/11/36 | 890000 | 880211 |
| Citibank NA | 5.570% | 04/30/34 | 1750000 | 1854633 |
| Citigroup, Inc. <sup>(b)</sup> | 5.174% | 02/13/30 | 500000 | 512908 |
| Citigroup, Inc. (1\* SOFR + 142) <sup>(b)</sup> | 2.976% | 11/05/30 | 3380000 | 3199648 |
| Citigroup, Inc. <sup>(b)</sup> | 2.666% | 01/29/31 | 4537000 | 4217489 |
| Citigroup, Inc. (1\* SOFR + 211) <sup>(b)</sup> | 2.572% | 06/03/31 | 4175000 | 3841370 |
| Citigroup, Inc. <sup>(b)</sup> | 2.561% | 05/01/32 | 1550000 | 1397013 |
| Citigroup, Inc. <sup>(b)</sup> | 3.057% | 01/25/33 | 2250000 | 2048356 |
| Citizens Bank NA | 4.575% | 08/09/28 | 1350000 | 1357876 |
| Comerica, Inc. <sup>(a)(b)</sup> | 5.982% | 01/30/30 | 2850000 | 2965842 |
| Discover Bank | 3.450% | 07/27/26 | 1500000 | 1491022 |
| Discover Bank <sup>(a)</sup> | 4.650% | 09/13/28 | 1683000 | 1703197 |
| Fifth Third Bancorp | 1.707% | 11/01/27 | 450000 | 437335 |
| Fifth Third Bancorp | 6.361% | 10/27/28 | 500000 | 521369 |
| Fifth Third Bancorp (1\* SOFR + 234) <sup>(b)</sup> | 6.339% | 07/27/29 | 750000 | 790249 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3% (Continued)** |  |  |  |  |
| First Horizon Bank <sup>(a)</sup> | 5.750% | 05/01/30 | $250000 | $257926 |
| Goldman Sachs Group, Inc. (The) (1\* SOFR + 79) <sup>(b)</sup> | 1.093% | 12/09/26 | 950000 | 944049 |
| Goldman Sachs Group, Inc. (The) | 1.948% | 10/21/27 | 1000000 | 976464 |
| Goldman Sachs Group, Inc. (The) | 2.600% | 02/07/30 | 500000 | 468339 |
| Goldman Sachs Group, Inc. (The) <sup>(b)</sup> | 5.207% | 01/28/31 | 1800000 | 1858109 |
| Goldman Sachs Group, Inc. (The) <sup>(b)</sup> | 1.992% | 01/27/32 | 4550000 | 4015061 |
| Goldman Sachs Group, Inc. (The) (1\* SOFR + 128) <sup>(b)</sup> | 2.615% | 04/22/32 | 9175000 | 8323736 |
| HSBC Holdings plc | 5.597% | 05/17/28 | 3100000 | 3165102 |
| HSBC Holdings plc <sup>(b)</sup> | 5.450% | 03/03/36 | 1000000 | 1031960 |
| Huntington Bancshares, Inc. <sup>(b)</sup> | 6.208% | 08/21/29 | 750000 | 789328 |
| Huntington Bancshares, Inc. <sup>(a)</sup> | 5.023% | 05/17/33 | 400000 | 402719 |
| JPMorgan Chase & Co. (1\* SOFR + 80) <sup>(b)</sup> | 1.045% | 11/19/26 | 500000 | 497760 |
| JPMorgan Chase & Co. (1\* SOFR + 89) <sup>(b)</sup> | 1.578% | 04/22/27 | 400000 | 394252 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 1.470% | 09/22/27 | 1350000 | 1315967 |
| JPMorgan Chase & Co. | 5.040% | 01/23/28 | 1000000 | 1011342 |
| JPMorgan Chase & Co. (1\* TSFR3M + 121) <sup>(b)</sup> | 3.509% | 01/23/29 | 3110000 | 3069030 |
| JPMorgan Chase & Co. (1\* SOFR + 115) <sup>(b)</sup> | 2.069% | 06/01/29 | 1250000 | 1186100 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 3.702% | 05/06/30 | 1500000 | 1474200 |
| JPMorgan Chase & Co. (1\* SOFR + 151) <sup>(b)</sup> | 2.739% | 10/15/30 | 1850000 | 1747140 |
| JPMorgan Chase & Co. <sup>(a)</sup> | 4.603% | 10/22/30 | 1900000 | 1922214 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 2.545% | 11/08/32 | 475000 | 426037 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 2.963% | 01/25/33 | 8275000 | 7570333 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 5.294% | 07/22/35 | 950000 | 981231 |
| KeyBank NA | 4.700% | 01/26/26 | 250000 | 250151 |
| KeyBank NA | 5.000% | 01/26/33 | 5900000 | 5938014 |
| KeyCorp | 4.789% | 06/01/33 | 300000 | 298985 |
| M&T Bank Trust Co. | 5.400% | 11/21/25 | 600000 | 600359 |
| Morgan Stanley, Series I <sup>(b)</sup> | 5.230% | 01/15/31 | 875000 | 903131 |
| Morgan Stanley, Series GMTN (1\* SOFR + 114) <sup>(b)</sup> | 2.699% | 01/22/31 | 9900000 | 9250901 |
| Morgan Stanley (SOFR + 312) <sup>(a)(b)</sup> | 3.622% | 04/01/31 | 2500000 | 2425758 |
| Morgan Stanley (1\* SOFR + 103) <sup>(b)</sup> | 1.794% | 02/13/32 | 3750000 | 3270668 |
| Morgan Stanley <sup>(b)</sup> | 1.928% | 04/28/32 | 750000 | 654546 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3% (Continued)** |  |  |  |  |
| Morgan Stanley <sup>(b)</sup> | 2.239% | 07/21/32 | $1000000 | $883194 |
| Morgan Stanley Private Bank | 4.466% | 07/06/28 | 2000000 | 2011215 |
| PNC Bank NA | 2.700% | 10/22/29 | 250000 | 235209 |
| PNC Financial Services Group, Inc. (The) | 2.600% | 07/23/26 | 250000 | 247190 |
| PNC Financial Services Group, Inc. (The) <sup>(a)</sup> | 5.300% | 01/21/28 | 1000000 | 1014822 |
| PNC Financial Services Group, Inc. (The) <sup>(b)</sup> | 5.582% | 06/12/29 | 500000 | 518116 |
| PNC Financial Services Group, Inc. (The) <sup>(b)</sup> | 6.037% | 10/28/33 | 850000 | 917173 |
| PNC Financial Services Group, Inc. (The) <sup>(a)</sup> | 5.939% | 08/18/34 | 1000000 | 1072642 |
| Royal Bank of Canada <sup>(a)</sup> | 4.522% | 10/18/28 | 900000 | 907446 |
| Royal Bank of Canada <sup>(b)</sup> | 4.650% | 10/18/30 | 3150000 | 3186135 |
| State Street Corp. | 5.272% | 08/03/26 | 700000 | 706632 |
| State Street Corp. | 2.623% | 02/07/33 | 258000 | 231410 |
| State Street Corp. | 4.164% | 08/04/33 | 300000 | 292771 |
| Toronto-Dominion Bank (The) | 1.200% | 06/03/26 | 1050000 | 1030574 |
| Toronto-Dominion Bank (The) | 5.156% | 01/10/28 | 500000 | 511889 |
| Toronto-Dominion Bank (The), Series C | 5.523% | 07/17/28 | 500000 | 518978 |
| Toronto-Dominion Bank (The) | 4.994% | 04/05/29 | 1000000 | 1026883 |
| Toronto-Dominion Bank (The) | 3.200% | 03/10/32 | 236000 | 219132 |
| Truist Financial Corp. | 5.900% | 10/28/26 | 250000 | 250207 |
| Truist Financial Corp. | 6.047% | 06/08/27 | 500000 | 505802 |
| Truist Financial Corp. | 4.873% | 01/26/29 | 500000 | 507523 |
| Truist Financial Corp. <sup>(b)</sup> | 1.887% | 06/07/29 | 1000000 | 942384 |
| Truist Financial Corp. <sup>(b)</sup> | 7.161% | 10/30/29 | 500000 | 541551 |
| Truist Financial Corp., Series I <sup>(a)</sup> | 5.071% | 05/20/31 | 450000 | 461382 |
| Truist Financial Corp. <sup>(a)(b)</sup> | 5.711% | 01/24/35 | 500000 | 524686 |
| US Bancorp | 2.215% | 01/27/28 | 800000 | 779382 |
| US Bancorp <sup>(a)</sup> | 4.548% | 07/22/28 | 300000 | 302272 |
| US Bancorp, Series CC <sup>(a)</sup> | 5.083% | 05/15/31 | 875000 | 899786 |
| US Bancorp <sup>(a)</sup> | 2.677% | 01/27/33 | 2750000 | 2460342 |
| US Bancorp <sup>(a)(b)</sup> | 4.839% | 02/01/34 | 1000000 | 1004379 |
| Wells Fargo & Co. (1\* SOFR + 210) <sup>(a)(b)</sup> | 2.393% | 06/02/28 | 650000 | 631868 |
| Wells Fargo & Co., Series W (1\* SOFR + 174) <sup>(a)(b)</sup> | 5.574% | 07/25/29 | 900000 | 932717 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 2.879% | 10/30/30 | 4000000 | 3787206 |
| Wells Fargo & Co., Series W (SOFR + 11100) <sup>(b)</sup> | 5.244% | 01/24/31 | 875000 | 905282 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3% (Continued)** |  |  |  |  |
| Wells Fargo & Co. <sup>(b)</sup> | 2.572% | 02/11/31 | $1050000 | $975796 |
| Wells Fargo & Co. <sup>(b)</sup> | 3.350% | 03/02/33 | 2700000 | 2513362 |
| Wells Fargo & Co. <sup>(b)</sup> | 5.499% | 01/23/35 | 1000000 | 1043091 |
|  |  |  |  | 156667931 |
| **Basic Industry - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Nucor Corp. <sup>(a)</sup> | 3.125% | 04/01/32 | 250000 | 230863 |
| PPG Industries, Inc. | 2.550% | 06/15/30 | 300000 | 277748 |
|  |  |  |  | 508611 |
| **Brokerage Asset Managers Exchanges - 0.1%** |  |  |  |  |
| BlackRock Funding, Inc. | 5.000% | 03/14/34 | 500000 | 515157 |
| BlackRock, Inc. <sup>(a)</sup> | 2.100% | 02/25/32 | 1625000 | 1424794 |
| Intercontinental Exchange, Inc. | 5.250% | 06/15/31 | 400000 | 419322 |
| Intercontinental Exchange, Inc. <sup>(a)</sup> | 4.950% | 06/15/52 | 875000 | 817355 |
|  |  |  |  | 3176628 |
| **Capital Goods - 0.5%** |  |  |  |  |
| Carrier Global Corp., Class B | 2.722% | 02/15/30 | 250000 | 234296 |
| Caterpillar, Inc. | 5.200% | 05/15/35 | 1650000 | 1707105 |
| Deere & Co. | 3.100% | 04/15/30 | 1725000 | 1653541 |
| John Deere Capital Corp. | 4.400% | 09/08/31 | 900000 | 906118 |
| John Deere Capital Corp. | 5.100% | 04/11/34 | 750000 | 775980 |
| Johnson Controls International plc | 5.500% | 04/19/29 | 450000 | 468493 |
| Johnson Controls International plc | 2.000% | 09/16/31 | 500000 | 435475 |
| L3Harris Technologies, Inc. <sup>(a)</sup> | 4.400% | 06/15/28 | 1710000 | 1721127 |
| Northrop Grumman Corp. | 4.900% | 06/01/34 | 900000 | 912942 |
| RTX Corp. | 6.100% | 03/15/34 | 2675000 | 2929108 |
| Waste Connections, Inc. <sup>(a)</sup> | 3.200% | 06/01/32 | 1800000 | 1666763 |
| Waste Management, Inc. | 3.875% | 01/15/29 | 1375000 | 1366334 |
|  |  |  |  | 14777282 |
| **Communications - 0.5%** |  |  |  |  |
| American Tower Corp. | 3.125% | 01/15/27 | 300000 | 295841 |
| American Tower Corp. <sup>(a)</sup> | 5.800% | 11/15/28 | 250000 | 261057 |
| American Tower Corp. | 5.200% | 02/15/29 | 500000 | 514494 |
| American Tower Corp. | 2.100% | 06/15/30 | 200000 | 180267 |
| AT&T, Inc. | 2.300% | 06/01/27 | 650000 | 630794 |
| AT&T, Inc. | 2.550% | 12/01/33 | 114000 | 97072 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Communications - 0.5% (Continued)** |  |  |  |  |
| AT&T, Inc. | 4.500% | 05/15/35 | $700000 | $676362 |
| AT&T, Inc., Class B | 3.500% | 06/01/41 | 400000 | 319751 |
| British Telecommunications plc <sup>(d)</sup> | 3.250% | 11/08/29 | 275000 | 263510 |
| Comcast Corp. | 1.950% | 01/15/31 | 1525000 | 1354557 |
| Comcast Corp. <sup>(a)</sup> | 4.950% | 05/15/32 | 425000 | 435779 |
| Comcast Corp. | 3.969% | 11/01/47 | 144000 | 112526 |
| Comcast Corp. | 5.350% | 05/15/53 | 925000 | 867367 |
| Deutsche Telekom International Finance BV <sup>(a)(d)</sup> | 4.750% | 06/21/38 | 100000 | 96424 |
| T-Mobile USA, Inc. <sup>(a)</sup> | 5.050% | 07/15/33 | 4975000 | 5081777 |
| Verizon Communications, Inc. <sup>(a)</sup> | 1.750% | 01/20/31 | 700000 | 612410 |
| Verizon Communications, Inc. | 2.550% | 03/21/31 | 1400000 | 1272894 |
| Verizon Communications, Inc. | 2.355% | 03/15/32 | 1237000 | 1084775 |
|  |  |  |  | 14157657 |
| **Consumer Cyclical - 1.4%** |  |  |  |  |
| American Honda Finance <sup>(a)</sup> | 4.250% | 09/01/28 | 1720000 | 1724350 |
| American Honda Finance <sup>(a)</sup> | 4.900% | 01/10/34 | 400000 | 402972 |
| CVS Health Corp. | 3.750% | 04/01/30 | 500000 | 484354 |
| CVS Health Corp. <sup>(a)</sup> | 5.050% | 03/25/48 | 2550000 | 2268831 |
| CVS Health Corp. <sup>(a)</sup> | 5.875% | 06/01/53 | 450000 | 442171 |
| Dollar Tree, Inc. <sup>(a)</sup> | 4.200% | 05/15/28 | 4100000 | 4089133 |
| Expedia, Inc. | 3.800% | 02/15/28 | 1250000 | 1239167 |
| Ford Motor Co., Class B | 3.250% | 02/12/32 | 1000000 | 874974 |
| Ford Motor Credit Co., LLC | 6.800% | 05/12/28 | 2000000 | 2077165 |
| General Motors Co. <sup>(a)</sup> | 5.400% | 10/15/29 | 1125000 | 1161964 |
| General Motors Financial Co., Inc., Class B | 1.500% | 06/10/26 | 700000 | 686845 |
| General Motors Financial Co., Inc. | 2.700% | 08/20/27 | 1000000 | 972034 |
| General Motors Financial Co., Inc. <sup>(a)</sup> | 5.750% | 02/08/31 | 500000 | 520922 |
| General Motors Financial Co., Inc. | 5.450% | 09/06/34 | 1700000 | 1710119 |
| Home Depot, Inc. (The) <sup>(a)</sup> | 4.950% | 06/25/34 | 750000 | 767982 |
| Home Depot, Inc. (The) | 4.200% | 04/01/43 | 1100000 | 958761 |
| Hyundai Capital America <sup>(d)</sup> | 5.250% | 01/08/27 | 400000 | 404280 |
| Hyundai Capital America <sup>(d)</sup> | 5.350% | 03/19/29 | 3110000 | 3194235 |
| Hyundai Capital America, Series A <sup>(d)</sup> | 5.300% | 01/08/30 | 875000 | 898675 |
| Hyundai Capital America <sup>(d)</sup> | 5.400% | 06/24/31 | 850000 | 875492 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Cyclical - 1.4% (Continued)** |  |  |  |  |
| Hyundai Capital America, Series A <sup>(d)</sup> | 4.750% | 09/26/31 | $400000 | $400773 |
| Lowe's Cos., Inc. | 2.625% | 04/01/31 | 950000 | 866985 |
| Lowe's Cos., Inc. | 2.800% | 09/15/41 | 3025000 | 2190322 |
| Mercedes-Benz Financing NA <sup>(d)</sup> | 4.750% | 03/31/28 | 500000 | 507097 |
| Mercedes-Benz Financing NA <sup>(a)(d)</sup> | 5.000% | 01/11/34 | 2000000 | 2023392 |
| Target Corp. | 5.000% | 04/15/35 | 3340000 | 3381592 |
| Toyota Motor Credit Corp | 4.650% | 09/03/32 | 440000 | 442997 |
| Toyota Motor Credit Corp. | 4.550% | 05/17/30 | 1450000 | 1472970 |
| Toyota Motor Credit Corp. | 5.550% | 11/20/30 | 800000 | 846894 |
| Volkswagen Group America <sup>(d)</sup> | 5.650% | 09/12/28 | 2400000 | 2473595 |
| Walmart, Inc. | 4.500% | 04/15/53 | 450000 | 403052 |
|  |  |  |  | 40764095 |
| **Consumer Non-Cyclical - 1.2%** |  |  |  |  |
| Abbott Laboratories | 4.750% | 11/30/36 | 100000 | 100916 |
| AbbVie, Inc. | 3.200% | 11/21/29 | 3900000 | 3762524 |
| AbbVie, Inc. | 4.550% | 03/15/35 | 100000 | 98440 |
| AbbVie, Inc. | 4.500% | 05/14/35 | 800000 | 785040 |
| Amgen, Inc. <sup>(a)</sup> | 4.200% | 03/01/33 | 400000 | 389004 |
| Amgen, Inc. | 5.250% | 03/02/33 | 3750000 | 3884403 |
| Amgen, Inc. | 5.600% | 03/02/43 | 425000 | 430632 |
| Anheuser-Busch InBev SA/NV | 4.700% | 02/01/36 | 2625000 | 2591669 |
| Baxter International, Inc. | 1.915% | 02/01/27 | 300000 | 290772 |
| Bristol-Myers Squibb Co. <sup>(a)</sup> | 2.950% | 03/15/32 | 300000 | 275479 |
| Bristol-Myers Squibb Co. <sup>(a)</sup> | 5.900% | 11/15/33 | 1450000 | 1576056 |
| Constellation Brands, Inc. <sup>(a)</sup> | 2.250% | 08/01/31 | 2195000 | 1934849 |
| HCA, Inc. | 3.375% | 03/15/29 | 1900000 | 1842554 |
| HCA, Inc. | 4.125% | 06/15/29 | 650000 | 644367 |
| Johnson & Johnson | 4.900% | 06/01/31 | 2175000 | 2267251 |
| Keurig Dr. Pepper, Inc. | 5.100% | 03/15/27 | 800000 | 807896 |
| Kroger Co. (The) | 3.500% | 02/01/26 | 1250000 | 1245803 |
| Kroger Co. (The) | 2.650% | 10/15/26 | 100000 | 98608 |
| Kroger Co. (The) | 1.700% | 01/15/31 | 1552000 | 1356080 |
| Laboratory Corp. of American Holdings | 1.550% | 06/01/26 | 375000 | 368708 |
| Mondelez International, Inc. <sup>(d)</sup> | 1.250% | 09/24/26 | 1600000 | 1557020 |
| Pfizer, Inc. | 7.200% | 03/15/39 | 1100000 | 1321036 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Non-Cyclical - 1.2% (Continued)** |  |  |  |  |
| Pfizer, Inc. | 5.340% | 05/19/63 | $1800000 | $1708471 |
| Phillip Morris International, Inc. | 5.500% | 09/07/30 | 1500000 | 1577172 |
| Phillip Morris International, Inc. | 5.375% | 02/15/33 | 2550000 | 2663004 |
| Roche Holdings, Inc. <sup>(a)(d)</sup> | 5.593% | 11/13/33 | 2331000 | 2502973 |
|  |  |  |  | 36080727 |
| **Electric - 1.4%** |  |  |  |  |
| American Electric Power, Inc. | 1.000% | 11/01/25 | 500000 | 498458 |
| CMS Energy Corp. | 2.950% | 02/15/27 | 100000 | 98134 |
| Commonwealth Edison Co. | 5.300% | 06/01/34 | 900000 | 939378 |
| Dominion Energy South Carolina, Inc. <sup>(a)</sup> | 6.250% | 10/15/53 | 450000 | 494760 |
| Dominion Energy, Inc. | 1.450% | 04/15/26 | 750000 | 738674 |
| DTE Electric Co. <sup>(a)</sup> | 5.200% | 04/01/33 | 450000 | 467346 |
| DTE Energy Co., Series E | 2.850% | 10/01/26 | 100000 | 98771 |
| DTE Energy Co., Series H | 2.950% | 03/01/30 | 125000 | 117516 |
| Duke Energy Corp. <sup>(a)</sup> | 4.300% | 03/15/28 | 825000 | 828836 |
| Duke Energy Corp. | 4.950% | 09/15/35 | 880000 | 874225 |
| Duke Energy Florida, LLC | 6.200% | 11/15/53 | 1000000 | 1092861 |
| Duke Energy Indiana, LLC | 2.750% | 04/01/50 | 370000 | 235018 |
| Duke Energy Ohio, Inc. | 5.250% | 04/01/33 | 250000 | 258917 |
| Duke Energy Progress, Inc. | 2.000% | 08/15/31 | 600000 | 527481 |
| Florida Power & Light Co. <sup>(a)</sup> | 5.100% | 04/01/33 | 500000 | 517337 |
| Idaho Power Co. | 5.500% | 03/15/53 | 900000 | 890977 |
| Idaho Power Co. <sup>(a)</sup> | 5.800% | 04/01/54 | 1850000 | 1898963 |
| MidAmerican Energy Co. | 3.650% | 04/15/29 | 350000 | 344897 |
| Nevada Power Co., Series 2023A | 6.000% | 03/15/54 | 450000 | 468121 |
| NextEra Energy Capital Holdings, Inc. | 4.625% | 07/15/27 | 1535000 | 1550042 |
| NextEra Energy Capital Holdings, Inc. <sup>(a)</sup> | 5.250% | 03/15/34 | 500000 | 513484 |
| Northern States Power Co. <sup>(a)</sup> | 2.250% | 04/01/31 | 500000 | 453432 |
| Northern States Power Co. <sup>(a)</sup> | 5.100% | 05/15/53 | 900000 | 855428 |
| NYSEG Storm Funding, LLC, Series 2025-A | 4.713% | 05/01/31 | 8225000 | 8291686 |
| Oncor Electric Delivery Co., LLC | 7.000% | 05/01/32 | 2750000 | 3124994 |
| Oncor Electric Delivery Co., LLC | 3.750% | 04/01/45 | 490000 | 387138 |
| Oncor Electric Delivery Co., LLC <sup>(a)</sup> | 4.950% | 09/15/52 | 500000 | 455494 |
| PacifiCorp <sup>(a)</sup> | 5.500% | 05/15/54 | 450000 | 424969 |
| PECO Energy Co. | 3.000% | 09/15/49 | 200000 | 134570 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Electric - 1.4% (Continued)** |  |  |  |  |
| PPL Electric Utilities Corp. | 5.000% | 05/15/33 | $900000 | $926226 |
| PPL Electric Utilities Corp. | 3.000% | 10/01/49 | 160000 | 107141 |
| Progress Energy, Inc. | 7.750% | 03/01/31 | 1000000 | 1152579 |
| Public Service Co. of Colorado | 4.500% | 06/01/52 | 400000 | 336684 |
| Public Service Electric & Gas Co. | 2.250% | 09/15/26 | 100000 | 98503 |
| Public Service Electric & Gas Co. | 4.900% | 08/15/35 | 2460000 | 2479087 |
| Southwestern Electric Power Co. <sup>(a)</sup> | 2.750% | 10/01/26 | 100000 | 98639 |
| Swepco Storm Recovery Funding, LLC, Series 2024-A | 4.880% | 09/01/39 | 7885071 | 7924431 |
| Wisconsin Power & Light Co. | 1.950% | 09/16/31 | 800000 | 692056 |
|  |  |  |  | 41397253 |
| **Energy - 0.7%** |  |  |  |  |
| BP Capital Markets America, Inc. | 4.812% | 02/13/33 | 800000 | 809409 |
| BP Capital Markets America, Inc. | 4.893% | 09/11/33 | 500000 | 507243 |
| BP Capital Markets America, Inc. <sup>(a)</sup> | 4.989% | 04/10/34 | 500000 | 509905 |
| ConocoPhillips Co. <sup>(a)</sup> | 5.550% | 03/15/54 | 450000 | 443272 |
| Coterra Energy, Inc. | 3.900% | 05/15/27 | 100000 | 99343 |
| Diamondback Energy, Inc. | 3.250% | 12/01/26 | 200000 | 197888 |
| Diamondback Energy, Inc. | 6.250% | 03/15/53 | 500000 | 512060 |
| Energy Transfer, LP <sup>(d)</sup> | 5.625% | 05/01/27 | 500000 | 500222 |
| Energy Transfer, LP | 5.550% | 05/15/34 | 500000 | 513000 |
| Energy Transfer, LP | 5.600% | 09/01/34 | 3000000 | 3078932 |
| Helmerich & Payne, Inc. <sup>(a)</sup> | 2.900% | 09/29/31 | 1650000 | 1457648 |
| HF Sinclair Corp. | 5.750% | 01/15/31 | 3700000 | 3829596 |
| MPLX, LP | 5.000% | 03/01/33 | 3400000 | 3400845 |
| Occidental Petroleum Corp. | 3.000% | 02/15/27 | 1475000 | 1442858 |
| Phillips 66 Co. | 3.550% | 10/01/26 | 100000 | 99385 |
| Phillips 66 Co. <sup>(a)</sup> | 5.300% | 06/30/33 | 875000 | 900096 |
| Phillips 66 Co. <sup>(a)</sup> | 4.950% | 03/15/35 | 1300000 | 1286774 |
| Shell Finance US, Inc. | 2.375% | 11/07/29 | 645000 | 605202 |
| Shell International Finance BV | 6.375% | 12/15/38 | 73000 | 82596 |
| Valero Energy Corp. | 5.150% | 02/15/30 | 400000 | 411757 |
|  |  |  |  | 20688031 |
| **Insurance - 2.1%** |  |  |  |  |
| Anthem, Inc. | 4.600% | 09/15/32 | 2565000 | 2549414 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 2.1% (Continued)** |  |  |  |  |
| Berkshire Hathaway Financial Corp. | 3.850% | 03/15/52 | $900000 | $706037 |
| Equitable Financial Life Global Funding <sup>(d)</sup> | 1.800% | 03/08/28 | 1434000 | 1353846 |
| Equitable Financial Life Global Funding <sup>(d)</sup> | 5.000% | 03/27/30 | 825000 | 845320 |
| Jackson National Life Global Funding <sup>(d)</sup> | 5.500% | 01/09/26 | 800000 | 801917 |
| Jackson National Life Global Funding <sup>(d)</sup> | 5.550% | 07/02/27 | 2200000 | 2247751 |
| Jackson National Life Global Funding <sup>(d)</sup> | 4.550% | 09/09/30 | 860000 | 860873 |
| Lincoln Financial Global Funding <sup>(d)</sup> | 4.625% | 08/18/30 | 850000 | 855124 |
| Lincoln National Corp. <sup>(a)</sup> | 3.625% | 12/12/26 | 100000 | 99350 |
| MassMutual Global Funding <sup>(d)</sup> | 1.200% | 07/16/26 | 400000 | 391138 |
| MassMutual Global Funding <sup>(d)</sup> | 5.150% | 05/30/29 | 4350000 | 4483244 |
| MassMutual Global Funding <sup>(d)</sup> | 4.350% | 09/17/31 | 2300000 | 2286140 |
| MassMutual Global Funding <sup>(d)</sup> | 5.050% | 08/26/35 | 500000 | 505720 |
| Met Life Global Funding I <sup>(d)</sup> | 5.400% | 09/12/28 | 1850000 | 1917232 |
| Met Life Global Funding I <sup>(d)</sup> | 4.300% | 08/25/29 | 1000000 | 1003509 |
| Met Life Global Funding I <sup>(d)</sup> | 1.550% | 01/07/31 | 1950000 | 1702442 |
| Met Life Global Funding I <sup>(d)</sup> | 5.150% | 03/28/33 | 500000 | 517956 |
| Met Life Global Funding I <sup>(a)(d)</sup> | 5.050% | 01/08/34 | 850000 | 868399 |
| New York Life Global Funding <sup>(d)</sup> | 1.150% | 06/09/26 | 50000 | 49002 |
| New York Life Global Funding <sup>(d)</sup> | 4.900% | 06/13/28 | 1000000 | 1022475 |
| New York Life Global Funding <sup>(d)</sup> | 4.700% | 01/29/29 | 1000000 | 1018325 |
| New York Life Global Funding <sup>(d)</sup> | 1.200% | 08/07/30 | 2000000 | 1733148 |
| New York Life Global Funding <sup>(d)</sup> | 5.000% | 01/09/34 | 1000000 | 1023022 |
| Northwestern Mutual Global Funding <sup>(d)</sup> | 5.070% | 03/25/27 | 3000000 | 3046832 |
| Northwestern Mutual Global Funding <sup>(a)(d)</sup> | 4.350% | 09/15/27 | 400000 | 403238 |
| Northwestern Mutual Global Funding <sup>(d)</sup> | 5.160% | 05/28/31 | 3245000 | 3367554 |
| Pacific Life Global Fund II <sup>(a)(d)</sup> | 1.450% | 01/20/28 | 790000 | 744644 |
| Pacific Life Global Fund II <sup>(d)</sup> | 4.850% | 02/10/30 | 5217000 | 5319592 |
| Pricoa Global Funding I <sup>(d)</sup> | 5.550% | 08/28/26 | 700000 | 709723 |
| Pricoa Global Funding I <sup>(a)(d)</sup> | 5.100% | 05/30/28 | 500000 | 512520 |
| Pricoa Global Funding I <sup>(d)</sup> | 4.650% | 08/27/31 | 500000 | 505186 |
| Pricoa Global Funding I <sup>(d)</sup> | 4.750% | 08/26/32 | 1700000 | 1717128 |
| Pricoa Global Funding I <sup>(a)(d)</sup> | 5.350% | 05/28/35 | 1350000 | 1399504 |
| Principal Life Global Funding II <sup>(d)</sup> | 0.875% | 01/12/26 | 500000 | 494912 |
| Principal Life Global Funding II <sup>(a)(d)</sup> | 5.000% | 01/16/27 | 500000 | 505615 |
| Principal Life Global Funding II <sup>(d)</sup> | 4.600% | 08/19/27 | 300000 | 302857 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 2.1% (Continued)** |  |  |  |  |
| Principal Life Global Funding II <sup>(d)</sup> | 4.250% | 08/18/28 | $925000 | $927115 |
| Progressive Corp. | 3.200% | 03/26/30 | 240000 | 230862 |
| Protective Life Global Funding <sup>(d)</sup> | 5.209% | 04/14/26 | 1000000 | 1005397 |
| Protective Life Global Funding <sup>(d)</sup> | 1.618% | 04/15/26 | 800000 | 789267 |
| Protective Life Global Funding <sup>(d)</sup> | 4.992% | 01/12/27 | 500000 | 504968 |
| Protective Life Global Funding <sup>(d)</sup> | 1.900% | 07/06/28 | 650000 | 611601 |
| Protective Life Global Funding <sup>(d)</sup> | 5.467% | 12/08/28 | 500000 | 518334 |
| Protective Life Global Funding <sup>(d)</sup> | 1.737% | 09/21/30 | 1500000 | 1324668 |
| Protective Life Global Funding <sup>(d)</sup> | 5.432% | 01/14/32 | 3900000 | 4058098 |
| RGA Global Funding <sup>(d)</sup> | 2.000% | 11/30/26 | 660000 | 643498 |
| UnitedHealth Group, Inc. | 4.200% | 05/15/32 | 1150000 | 1133575 |
| UnitedHealth Group, Inc. | 4.250% | 06/15/48 | 500000 | 413345 |
| UnitedHealth Group, Inc. | 5.200% | 04/15/63 | 500000 | 457817 |
|  |  |  |  | 60489234 |
| **Natural Gas - 0.1%** |  |  |  |  |
| Atmos Energy Corp. <sup>(a)</sup> | 2.625% | 09/15/29 | 310000 | 293057 |
| Atmos Energy Corp. | 5.900% | 11/15/33 | 850000 | 921742 |
| Atmos Energy Corp. | 4.125% | 03/15/49 | 885000 | 725353 |
|  |  |  |  | 1940152 |
| **Other Utility - 0.1%** |  |  |  |  |
| American Water Capital Corp. | 2.800% | 05/01/30 | 300000 | 282580 |
| American Water Capital Corp. | 2.300% | 06/01/31 | 825000 | 739982 |
| American Water Capital Corp. | 5.150% | 03/01/34 | 2000000 | 2061292 |
| American Water Capital Corp. | 5.700% | 09/01/55 | 450000 | 457046 |
|  |  |  |  | 3540900 |
| **REITS - 0.4%** |  |  |  |  |
| Alexandria Real Estate Equities, Inc. | 3.950% | 01/15/28 | 100000 | 99417 |
| American Homes 4 Rent <sup>(a)</sup> | 4.250% | 02/15/28 | 100000 | 99757 |
| Boston Properties, LP | 2.750% | 10/01/26 | 50000 | 49203 |
| CubeSmart, LP | 2.250% | 12/15/28 | 4200000 | 3955031 |
| ERP Operating, LP | 2.850% | 11/01/26 | 100000 | 98730 |
| ERP Operating, LP <sup>(a)</sup> | 2.500% | 02/15/30 | 1850000 | 1725321 |
| Extra Space Storage, LP | 5.700% | 04/01/28 | 100000 | 103281 |
| Extra Space Storage, LP | 2.200% | 10/15/30 | 1399000 | 1254241 |
| Extra Space Storage, LP | 5.350% | 01/15/35 | 400000 | 407676 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **REITS - 0.4% (Continued)** |  |  |  |  |
| Public Storage <sup>(a)</sup> | 1.850% | 05/01/28 | $800000 | $758631 |
| Realty Income Corp. | 0.750% | 03/15/26 | 1375000 | 1353293 |
| Realty Income Corp. | 4.450% | 09/15/26 | 413000 | 413861 |
| Realty Income Corp. | 3.000% | 01/15/27 | 100000 | 98591 |
| Realty Income Corp. | 2.100% | 03/15/28 | 250000 | 238516 |
| Realty Income Corp. | 2.200% | 06/15/28 | 151000 | 143914 |
| Realty Income Corp. | 4.000% | 07/15/29 | 60000 | 59621 |
| Realty Income Corp. | 3.200% | 02/15/31 | 250000 | 235667 |
| Realty Income Corp. <sup>(a)</sup> | 5.125% | 02/15/34 | 1000000 | 1025361 |
|  |  |  |  | 12120112 |
| **Technology - 0.7%** |  |  |  |  |
| Alphabet, Inc. | 5.300% | 05/15/65 | 430000 | 427864 |
| Broadcom, Inc. <sup>(d)</sup> | 4.150% | 04/15/32 | 3900000 | 3824594 |
| Broadcom, Inc. | 4.800% | 02/15/36 | 1705000 | 1699798 |
| Dell International, LLC / EMC Corp. | 4.900% | 10/01/26 | 1488000 | 1496277 |
| Dell International, LLC / EMC Corp. <sup>(a)</sup> | 5.000% | 04/01/30 | 425000 | 435328 |
| Fidelity National Information Services, Inc. <sup>(a)</sup> | 1.650% | 03/01/28 | 300000 | 282734 |
| Foundry JV Holdco, LLC <sup>(d)</sup> | 6.150% | 01/25/32 | 500000 | 534417 |
| Mastercard, Inc. <sup>(a)</sup> | 2.000% | 11/18/31 | 2300000 | 2030408 |
| Mastercard, Inc. | 4.875% | 05/09/34 | 750000 | 767751 |
| Oracle Corp. | 2.875% | 03/25/31 | 500000 | 459118 |
| Oracle Corp. | 3.600% | 04/01/40 | 7275000 | 5842852 |
| Xilinx, Inc. | 2.375% | 06/01/30 | 2125000 | 1965414 |
|  |  |  |  | 19766555 |
| **Transportation - 0.5%** |  |  |  |  |
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A <sup>(d)</sup> | 4.800% | 02/15/29 | 91209 | 91336 |
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200% | 12/15/29 | 273150 | 264464 |
| Burlington North Santa Fe, LLC | 5.050% | 03/01/41 | 500000 | 491883 |
| Burlington North Santa Fe, LLC | 2.875% | 06/15/52 | 1523000 | 975191 |
| CSX Corp. | 4.250% | 11/01/66 | 100000 | 78750 |
| Fedex Corp. | 2.400% | 05/15/31 | 500000 | 449686 |
| FedEx Corp., Series 2020-1, Class AA, CV | 1.875% | 08/20/35 | 2744458 | 2375023 |
| Kirby Corp. | 4.200% | 03/01/28 | 600000 | 598693 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Transportation - 0.5% (Continued)** |  |  |  |  |
| Norfolk Southern Corp. | 3.000% | 03/15/32 | $600000 | $552523 |
| Norfolk Southern Corp. | 5.950% | 03/15/64 | 500000 | 528195 |
| Penske Trust Leasing Co. / PTL Finance Corp. <sup>(d)</sup> | 5.350% | 03/30/29 | 1350000 | 1388371 |
| Ryder System, Inc. | 2.850% | 03/01/27 | 500000 | 491183 |
| Ryder System, Inc. | 5.300% | 03/15/27 | 1000000 | 1015489 |
| Ryder System, Inc. | 5.500% | 06/01/29 | 500000 | 521419 |
| Southwest Airlines Co. | 5.125% | 06/15/27 | 1000000 | 1012090 |
| Southwest Airlines Co. | 2.625% | 02/10/30 | 1300000 | 1198559 |
| United Airlines Pass-Through Trust, Series 2020-1B, Class B | 4.875% | 07/15/27 | 140375 | 140380 |
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875% | 04/15/29 | 110633 | 113718 |
| United Airlines Pass-Through Trust | 5.450% | 02/15/37 | 868969 | 893840 |
| United Parcel Service, Inc. <sup>(a)</sup> | 5.250% | 05/14/35 | 1300000 | 1345172 |
|  |  |  |  | 14525965 |
| **Total Corporate Credit** (Cost $433,326,573) |  |  |  | $440601133 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Government Related - 0.0% <sup>(c)</sup>** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Government Owned, No Guarantee - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Tennessee Valley Authority | 4.250% | 09/15/52 | $500000 | $427094 |
| Tennessee Valley Authority | 4.625% | 09/15/60 | 525000 | 470926 |
| **Total Government Related** (Cost $1,240,506) |  |  |  | $898020 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1%** | **ABS-Other - 2.1%** | **ABS-Other - 2.1%** | | |
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B <sup>(d)</sup> | 1.830% | 03/20/41 | $1000000 | $979017 |
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A <sup>(b)(d)</sup> | 4.450% | 01/25/26 | 2000000 | 1981336 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1% (Continued)** |  |  |  |  |
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A <sup>(b)(d)</sup> | 3.620% | 07/25/26 | $3300000 | $3168284 |
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A <sup>(d)</sup> | 3.850% | 10/25/26 | 3900000 | 3754030 |
| FMC GMSR Issuer Trust, Series 2022-GT2, Class A <sup>(d)</sup> | 7.900% | 07/25/27 | 2350000 | 2359055 |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2023-1, <br> Class A <sup>(d)</sup> | 5.520% | 02/22/55 | 3660701 | 3450679 |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2024-1, <br> Class A <sup>(d)</sup> | 6.250% | 06/20/57 | 2217148 | 2154146 |
| Helios Issuer, LLC, Series 2019-AA, Class A <sup>(d)</sup> | 3.750% | 06/20/46 | 6981809 | 6479608 |
| Helios Issuer, LLC, Series 2022-C, Class C <sup>(d)(e)</sup> | 6.000% | 11/22/49 | 2586134 | 1030107 |
| Hero Funding Trust, Series 2016-2A, Class A <sup>(d)</sup> | 3.750% | 09/20/41 | 55382 | 52984 |
| Hero Funding Trust, Series 2016-3A, Class A1 <sup>(d)</sup> | 3.080% | 09/20/42 | 868507 | 808166 |
| Hero Funding Trust, Series 2016-4A, Class A1 <sup>(d)</sup> | 3.570% | 09/20/47 | 81691 | 77096 |
| Hero Funding Trust, Series 2017-3A, Class A1 <sup>(d)</sup> | 3.190% | 09/20/48 | 75560 | 69308 |
| Hero Funding Trust, Series 2017-3A, Class A2 <sup>(d)</sup> | 3.950% | 09/20/48 | 276440 | 259782 |
| Hero Funding Trust, Series 2018-1A, Class A2 <sup>(d)</sup> | 4.670% | 09/20/48 | 29342 | 28479 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class C <sup>(d)</sup> | 3.420% | 10/09/39 | 128964 | 126355 |
| Loanpal Solar Loan Ltd., Series 2020-3GS, Class B <sup>(d)</sup> | 3.450% | 12/20/47 | 1816734 | 1367904 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A <sup>(d)</sup> | 2.290% | 01/20/48 | 389445 | 326135 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class B <sup>(d)</sup> | 2.840% | 01/20/48 | 626627 | 486753 |
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A <sup>(d)</sup> | 2.220% | 03/20/48 | 2187214 | 1779454 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1% (Continued)** |  |  |  |  |
| Luminace ABS-2022 Issuer, LLC, Series 2024-1, Class B <sup>(d)</sup> | 6.960% | 10/30/31 | $3981637 | $3845627 |
| Mill City Solar Loan Ltd., Series 2019-2GS, Class A <sup>(d)</sup> | 3.690% | 07/20/43 | 94244 | 84874 |
| Mosaic Solar Loans, LLC, Series 2018-1, Class A <sup>(d)</sup> | 4.010% | 06/22/43 | 46277 | 43453 |
| Mosaic Solar Loans, LLC, Series 2017-2, Class B <sup>(d)</sup> | 4.770% | 06/22/43 | 26378 | 23763 |
| Mosaic Solar Loans, LLC, Series 2025-1, Class A <sup>(d)</sup> | 6.120% | 08/22/50 | 2170388 | 2150382 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class A <sup>(d)</sup> | 5.320% | 06/20/53 | 2863811 | 2730110 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class B <sup>(d)</sup> | 6.920% | 06/20/53 | 2110177 | 1663042 |
| Mosaic Solar Loans, LLC, Series 2023-2A, Class C <sup>(d)(e)</sup> | 8.180% | 09/22/53 | 4500000 | 2279545 |
| Mosaic Solar Loans, LLC, Series 2023-3A, Class A <sup>(d)</sup> | 5.910% | 11/20/53 | 2285645 | 2267303 |
| PowerPay Issuance Trust, Series 2024-1A, Class A <sup>(d)</sup> | 6.530% | 02/18/39 | 2160345 | 2229474 |
| Renew Financial, LLC, Series 2017-1, Class A <sup>(d)</sup> | 3.670% | 09/20/52 | 215324 | 201130 |
| Renew Financial, LLC, Series 2017-1, Class B <sup>(d)</sup> | 5.750% | 09/20/52 | 2236 | 2221 |
| Renew Financial, LLC, Series 2017-2, Class A <sup>(d)</sup> | 3.220% | 09/22/53 | 23677 | 21641 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class B <sup>(d)</sup> | 2.130% | 11/15/55 | 1100000 | 1097192 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class D <sup>(d)</sup> | 3.160% | 11/15/55 | 994000 | 991086 |
| Sunnova Hestia I Issuer, LLC, Series 2023-GRIDI, Class A-1 <sup>(d)</sup> | 5.750% | 12/20/50 | 2243500 | 2263468 |
| Sunnova Solar Issuer, LLC, Series 2020-2A, Class A <sup>(d)</sup> | 2.730% | 11/01/55 | 3535722 | 2969214 |
| US Bank NA, Series 2025-SUP2, Class B1 <sup>(d)</sup> | 4.818% | 09/25/32 | 3800000 | 3795292 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1% (Continued)** |  |  |  |  |
| US Bank NA, Series 2025-SUP2, Class D (1\* SOFR30A + 220) <sup>(b)(d)</sup> | 6.586% | 09/25/32 | $2700000 | $2702725 |
|  |  |  |  | 62100220 |
| **Agency CMBS - 2.7%** |  |  |  |  |
| FARM Mortgage Trust, Series 2021-1, Class A <sup>(d)</sup> | 2.180% | 01/25/51 | 21021010 | 17116105 |
| Farmer Mac Agricultural Real Estate, Series 2022-1, Class A <sup>(d)</sup> | 2.540% | 07/25/51 | 17912326 | 14637129 |
| Farmer Mac Agricultural Real Estate, Series 2023-1, Class A <sup>(d)</sup> | 2.631% | 01/25/52 | 9220752 | 7688392 |
| Farmer Mac Agricultural Real Estate, Series 2025-1, Class A <sup>(d)</sup> | 5.220% | 08/01/55 | 6325399 | 6197815 |
| FNMA, Pool #AN3598 | 2.550% | 12/01/28 | 245737 | 235523 |
| FNMA, Pool #BL4548 | 2.430% | 10/01/29 | 175056 | 164870 |
| FNMA, Pool #BL9861 | 1.640% | 12/01/30 | 2085000 | 1833718 |
| FNMA, Pool #BS0602 | 1.590% | 01/01/31 | 12186000 | 10720789 |
| FNMA, Pool #BS0038 | 1.650% | 01/01/31 | 1976565 | 1731142 |
| FNMA, Pool #BS0915 | 1.620% | 03/01/31 | 3200000 | 2768033 |
| FNMA, Pool #AN6149 | 3.140% | 07/01/32 | 750000 | 700615 |
| FNMA, Pool #AN7612 | 3.280% | 12/01/32 | 239471 | 224914 |
| FNMA, Pool #FN0035 | 3.290% | 12/01/32 | 5508621 | 5146929 |
| FNMA, Pool #BS3369 | 2.310% | 10/01/41 | 7768000 | 5494614 |
| FNMA, Pool #BS3542 | 2.415% | 10/01/41 | 2850000 | 2011011 |
| FNMA, Pool #AM5015 | 4.940% | 12/01/43 | 692417 | 700906 |
| FRESB Multifamily Mortgage Pass-Through Trust, Series 2018-SB57, <br> Class A-10F | 3.710% | 07/25/28 | 2099520 | 2067374 |
|  |  |  |  | 79439879 |
| **Agency MBS CMO - 20.6%** |  |  |  |  |
| FHLMC, Series 306, Class F3, Pool #S2-0432 (1\* SOFR + 30) <sup>(b)</sup> | 4.787% | 05/15/28 | 11957 | 11946 |
| FHLMC, Series 4847, Class CV | 3.500% | 02/15/30 | 241836 | 239497 |
| FHLMC, Series 2646, Class ZH | 5.000% | 07/15/33 | 151117 | 151460 |
| FHLMC, Series 4265, Class FD (1\* SOFR + 40) | 4.887% | 01/15/35 | 151926 | 150858 |
| FHLMC, Series 5519, Class GV | 5.750% | 12/25/35 | 12101317 | 12511622 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FHLMC, Series 4613, Class AF (1\* SOFR + 110) <sup>(b)</sup> | 5.587% | 11/15/37 | $232153 | $231991 |
| FHLMC, Series 3605, Class PB | 4.500% | 11/15/39 | 42475 | 42637 |
| FHLMC, Series 3617, Class PC | 4.500% | 12/15/39 | 55171 | 55298 |
| FHLMC, Series 3740, Class FC (1\* SOFR + 50) <sup>(b)</sup> | 4.987% | 10/15/40 | 56663 | 56127 |
| FHLMC, Series 3759, Class ME | 4.000% | 11/15/40 | 513073 | 489948 |
| FHLMC, Series 3811, Class TA | 5.000% | 02/15/41 | 206785 | 211582 |
| FHLMC, Series 5115, Class AZ | 2.000% | 06/25/41 | 11340853 | 7784663 |
| FHLMC, Series 3895, Class BF (1\* SOFR + 50) <sup>(b)</sup> | 4.987% | 07/15/41 | 44317 | 44017 |
| FHLMC, Series 3923, Class CZ | 5.000% | 09/15/41 | 350723 | 354887 |
| FHLMC, Series 3959, Class PZ | 4.500% | 11/15/41 | 3763864 | 3736410 |
| FHLMC, Series 4136, Class LZ | 3.000% | 06/15/42 | 4091305 | 3764781 |
| FHLMC, Series 4074, Class JY | 2.500% | 07/15/42 | 699000 | 630531 |
| FHLMC, Series 4116, Class YC | 2.500% | 10/15/42 | 1412000 | 1087924 |
| FHLMC, Series 4180, Class BU | 2.500% | 10/15/42 | 2490985 | 2185935 |
| FHLMC, Series 4120, Class ZA | 3.000% | 10/15/42 | 6513602 | 6007182 |
| FHLMC, Series 5149, Class CA | 2.000% | 01/15/43 | 1049335 | 750825 |
| FHLMC, Series 4153, Class YZ | 3.000% | 01/15/43 | 4333001 | 3901652 |
| FHLMC, Series 4165, Class ZT | 3.000% | 02/15/43 | 17346795 | 14655568 |
| FHLMC, Series 4180, Class ZB | 3.000% | 03/15/43 | 182689 | 147722 |
| FHLMC, Series 4183, Class NQ | 3.000% | 03/15/43 | 2920000 | 2689614 |
| FHLMC, Series 4210, Class Z | 3.000% | 05/15/43 | 1648422 | 1383129 |
| FHLMC, Series 4204, Class QZ | 3.000% | 05/15/43 | 721596 | 535682 |
| FHLMC, Series 4312, Class ZB | 3.500% | 08/15/43 | 10102718 | 9335498 |
| FHLMC, Series 4447, Class YZ | 4.000% | 08/15/43 | 883262 | 853792 |
| FHLMC, Series 4333, Class GL | 3.500% | 04/15/44 | 250000 | 225714 |
| FHLMC, Series 4408, Class BC | 3.000% | 11/15/44 | 1020410 | 876348 |
| FHLMC, Series 4448, Class GZ | 2.500% | 03/15/45 | 2928498 | 2388036 |
| FHLMC, Series 4473, Class Z | 3.000% | 05/15/45 | 436127 | 361929 |
| FHLMC, Series 4531, Class PZ | 3.500% | 11/15/45 | 1206783 | 1124339 |
| FHLMC, Series 4623, Class BZ | 3.500% | 10/15/46 | 3286424 | 3078170 |
| FHLMC, Series 4738, Class TW | 3.000% | 11/15/46 | 1476000 | 1375121 |
| FHLMC, Series 4857, Class H | 4.000% | 11/15/46 | 8976 | 8953 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FHLMC, Series 4710, Class GZ | 3.000% | 01/15/47 | $4713969 | $3986119 |
| FHLMC, Series 5099, Class CM | 2.000% | 07/25/47 | 3750000 | 2544099 |
| FHLMC, Series 4736, Class CL | 3.000% | 12/15/47 | 441240 | 385750 |
| FHLMC, Series 4738, Class LZ | 3.000% | 12/15/47 | 3732587 | 3250866 |
| FHLMC, Series 4753, Class EZ | 3.500% | 12/15/47 | 1625115 | 1491972 |
| FHLMC, Series 4745, Class EZ | 3.000% | 01/15/48 | 8613351 | 7540729 |
| FHLMC, Series 4745, Class CZ | 3.500% | 01/15/48 | 1311085 | 1196633 |
| FHLMC, Series 4768, Class ZH | 3.000% | 03/15/48 | 1285888 | 1136809 |
| FHLMC, Series 4776, Class CZ | 4.000% | 04/15/48 | 9141639 | 8681252 |
| FHLMC, Series 5510, Class HB | 1.500% | 07/25/48 | 6749677 | 4253917 |
| FHLMC, Series 5526, Class DB | 1.500% | 07/25/48 | 3595220 | 2252345 |
| FHLMC, Series 4941, Class NW | 2.500% | 05/25/49 | 758520 | 477877 |
| FHLMC, Series 4892, Class PZ | 3.000% | 07/15/49 | 1450729 | 962742 |
| FHLMC, Series 4908, Class AB | 3.000% | 07/25/49 | 6766850 | 6035527 |
| FHLMC, Series 366, Class 200 | 2.000% | 08/15/49 | 2502106 | 2163723 |
| FHLMC, Series 4911, Class JM | 3.500% | 09/25/49 | 1000000 | 779317 |
| FHLMC, Series 4929, Class HP | 3.000% | 11/25/49 | 6340682 | 5434715 |
| FHLMC, Series 5159, Class WZ, Pool #5159 | 2.000% | 01/25/50 | 694267 | 416595 |
| FHLMC, Series 5037, Class PA | 1.000% | 03/25/50 | 4492177 | 3472832 |
| FHLMC, Series 5103, Class LH | 1.500% | 03/25/50 | 1924391 | 1594376 |
| FHLMC, Series 5057, Class DN | 2.000% | 03/25/50 | 822314 | 669572 |
| FHLMC, Series 4968, Class NP | 6.500% | 04/25/50 | 1313065 | 1392972 |
| FHLMC, Series 5129, Class DM | 1.000% | 08/25/50 | 1210634 | 923635 |
| FHLMC, Series 5017, Class CB | 1.500% | 09/25/50 | 1084906 | 827888 |
| FHLMC, Series 5011, Class DB | 2.000% | 09/25/50 | 262000 | 143540 |
| FHLMC, Series 5038, Class QP | 0.750% | 10/25/50 | 8138392 | 5925226 |
| FHLMC, Series 5038, Class PJ | 0.750% | 10/25/50 | 5240599 | 3828043 |
| FHLMC, Series 5019, Class PL | 1.000% | 10/25/50 | 2083197 | 1601092 |
| FHLMC, Series 5028, Class PW | 1.500% | 10/25/50 | 684000 | 406670 |
| FHLMC, Series 5039, Class JL | 1.250% | 11/25/50 | 1241688 | 954219 |
| FHLMC, Series 5223, Class MZ | 4.500% | 12/25/50 | 3745921 | 3305669 |
| FHLMC, Series 5085, Class TY | 1.000% | 01/25/51 | 1263612 | 736037 |
| FHLMC, Series 5072, Class ME | 1.000% | 01/25/51 | 770835 | 598565 |
| FHLMC, Series 5072, Class DG | 1.000% | 02/25/51 | 679516 | 538296 |
| FHLMC, Series 5146, Class ZW | 2.000% | 07/25/51 | 1707822 | 849486 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FHLMC, Series 5202, Class DZ | 3.000% | 07/25/51 | $2773821 | $1659391 |
| FHLMC, Series 5155, Class MG | 1.500% | 10/25/51 | 880517 | 740373 |
| FHLMC, Series 5159, Class PL | 1.250% | 11/25/51 | 1256071 | 1044556 |
| FHLMC, Series 5173, Class BZ | 2.500% | 12/25/51 | 1100466 | 650539 |
| FHLMC, Series 4377, Class KZ | 3.500% | 02/15/52 | 918403 | 825487 |
| FHLMC, Series 5210, Class BZ | 3.000% | 02/25/52 | 9064220 | 6242162 |
| FHLMC, Series 5189, Class ZP | 3.000% | 02/25/52 | 1069248 | 865584 |
| FHLMC, Series 5232, Class HL | 4.000% | 06/25/52 | 4120792 | 3577203 |
| FHLMC, Series 5249, Class PL | 4.000% | 08/25/52 | 2904186 | 2553752 |
| FHLMC, Series 4395, Class JZ | 3.000% | 12/15/52 | 3315922 | 2764962 |
| FHLMC, Series 5297, Class DB | 5.000% | 03/25/53 | 1239531 | 1152305 |
| FHLMC, Series 5318, Class AZ | 5.500% | 06/25/53 | 5150711 | 5063798 |
| FHLMC, Series 5332, Class CZ | 6.000% | 08/25/53 | 4493919 | 4593013 |
| FNMA, Series 2010-155, Class JH | 4.000% | 12/25/28 | 77399 | 76888 |
| FNMA, Series 2013-35, Class YT | 6.500% | 09/25/32 | 82213 | 84695 |
| FNMA, Series 2002-86, Class PG | 6.000% | 12/25/32 | 29976 | 31002 |
| FNMA, Series 2004-56, Class Z | 7.500% | 03/25/34 | 59204 | 63534 |
| FNMA, Series 2004-17, Class BA | 6.000% | 04/25/34 | 429015 | 441471 |
| FNMA, Series 2005-3, Class CG | 5.500% | 02/25/35 | 109323 | 113054 |
| FNMA, Series 2005-62, Class ZL | 5.500% | 07/25/35 | 168434 | 173709 |
| FNMA, Series 2006-56, Class DC (1\* SOFR + 65) <sup>(b)</sup> | 5.121% | 07/25/36 | 225257 | 221540 |
| FNMA, Series 2006-71, Class ZH | 6.000% | 07/25/36 | 167524 | 175668 |
| FNMA, Series 2009-19, Class TD | 5.000% | 08/25/36 | 50431 | 51201 |
| FNMA, Series 2007-95, Class A3 (1\* SOFR + 25) <sup>(b)</sup> | 5.468% | 08/27/36 | 1600000 | 1526574 |
| FNMA, Series 2006-108, Class FD (1\* SOFR + 38) <sup>(b)</sup> | 4.851% | 11/25/36 | 60957 | 60441 |
| FNMA, Series 2007-39, Class NB | 4.250% | 05/25/37 | 65654 | 64766 |
| FNMA, Series 2008-60, Class JC | 5.000% | 07/25/38 | 107231 | 109374 |
| FNMA, Series 2009-103, Class MB <sup>(b)</sup> | 6.565% | 12/25/39 | 85707 | 86206 |
| FNMA, Series 2010-118, Class DZ | 4.750% | 10/25/40 | 1528421 | 1503897 |
| FNMA, Series 2011-14, Class PB | 5.000% | 03/25/41 | 344150 | 353430 |
| FNMA, Series 2011-57, Class PD | 4.000% | 07/25/41 | 321407 | 311440 |
| FNMA, Series 2011-62, Class UA | 4.500% | 07/25/41 | 610436 | 598116 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FNMA, Series 2012-40, Class GY | 4.000% | 04/25/42 | $767560 | $743158 |
| FNMA, Series 2013-34, Class GP | 3.000% | 05/25/42 | 228002 | 218385 |
| FNMA, Series 2012-56, Class WC | 3.500% | 05/25/42 | 1251000 | 1134425 |
| FNMA, Series 2012-52, Class PQ | 3.500% | 05/25/42 | 683221 | 612403 |
| FNMA, Series 2012-79, Class QB | 2.000% | 07/25/42 | 82665 | 75859 |
| FNMA, Series 2003-W2, Class 1-1A | 6.500% | 07/25/42 | 446783 | 466123 |
| FNMA, Series 2012-92, Class Z | 3.500% | 08/25/42 | 5067485 | 4621184 |
| FNMA, Series 2012-99, Class UY | 2.500% | 09/25/42 | 479000 | 388541 |
| FNMA, Series 2012-99, Class BY | 2.500% | 09/25/42 | 2712354 | 2326924 |
| FNMA, Series 2012-124, Class JA | 1.500% | 11/25/42 | 2522960 | 2297276 |
| FNMA, Series 2013-35, Class LP | 3.000% | 01/25/43 | 482760 | 468455 |
| FNMA, Series 2013-35, Class CV | 3.000% | 02/25/43 | 370000 | 353599 |
| FNMA, Series 2013-13, Class WH | 3.500% | 03/25/43 | 1087000 | 902698 |
| FNMA, Series 2013-31, Class NT | 3.000% | 04/25/43 | 26161 | 24928 |
| FNMA, Series 2003-W10, Class 3A-5 | 4.299% | 06/25/43 | 2261403 | 2131330 |
| FNMA, Series 2013-84, Class B | 4.000% | 08/25/43 | 1500000 | 1347928 |
| FNMA, Series 2013-104, Class CY | 5.000% | 10/25/43 | 300000 | 306802 |
| FNMA, Series 2013-115, Class PB | 4.500% | 11/25/43 | 300000 | 278862 |
| FNMA, Series 2015-11, Class MZ | 4.000% | 12/25/43 | 5475574 | 5281700 |
| FNMA, Series 2014-2, Class PB | 4.000% | 02/25/44 | 442360 | 426832 |
| FNMA, Series 2015-24, Class ZA | 3.000% | 04/25/45 | 2037863 | 1827210 |
| FNMA, Series 2017-16, Class UW | 3.000% | 07/25/45 | 2044494 | 1861060 |
| FNMA, Series 2016-68, Class AL | 3.000% | 10/25/46 | 897128 | 817834 |
| FNMA, Series 2016-80, Class CZ | 3.000% | 11/25/46 | 659660 | 440904 |
| FNMA, Series 2017-77, Class HZ | 3.500% | 10/25/47 | 3591974 | 3293116 |
| FNMA, Series 2018-08, Class DZ | 3.500% | 02/25/48 | 499349 | 457255 |
| FNMA, Series 2022-4, Class QM | 2.000% | 03/25/48 | 1602020 | 1056327 |
| FNMA, Series 2018-31, Class KB | 3.500% | 05/25/48 | 171266 | 157143 |
| FNMA, Series 2018-31, Class KQ | 3.500% | 05/25/48 | 600000 | 544338 |
| FNMA, Series 2018-37, Class CL | 4.000% | 06/25/48 | 622735 | 510461 |
| FNMA, Series 2018-69, Class PZ | 3.500% | 09/25/48 | 1605522 | 1456876 |
| FNMA, Series 2018-66, Class PZ | 4.000% | 09/25/48 | 636069 | 513275 |
| FNMA, Series 2018-71, Class PZ | 4.000% | 09/25/48 | 15590009 | 14793575 |
| FNMA, Series 2018-77, Class BY | 3.000% | 10/25/48 | 2276278 | 2037891 |
| FNMA, Series 2019-01, Class MH | 3.000% | 02/25/49 | 142809 | 129037 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FNMA, Series 2019-8, Class ZD | 3.500% | 03/25/49 | $604750 | $553323 |
| FNMA, Series 2019-038, Class MT | 3.000% | 07/25/49 | 718276 | 647931 |
| FNMA, Series 2019-40, Class PL | 4.000% | 07/25/49 | 318000 | 253884 |
| FNMA, Series 2019-42, Class DZ | 2.750% | 08/25/49 | 1794209 | 1243922 |
| FNMA, Series 2019-60, Class DZ | 2.500% | 10/25/49 | 1723893 | 1014322 |
| FNMA, Series 2019-60, Class WZ | 2.750% | 10/25/49 | 617572 | 405904 |
| FNMA, Series 2020-22, Class CA | 3.000% | 10/25/49 | 1277572 | 1165757 |
| FNMA, Series 2019-83, Class EB | 2.000% | 01/25/50 | 171000 | 93667 |
| FNMA, Series 2020-15, Class KY | 3.000% | 03/25/50 | 2077414 | 1478873 |
| FNMA, Series 2020-22, Class AY | 2.000% | 04/25/50 | 1254000 | 739194 |
| FNMA, Series 2020-42, Class BY | 2.000% | 06/25/50 | 935000 | 579641 |
| FNMA, Series 2020-50, Class A | 2.000% | 07/25/50 | 6243613 | 5258070 |
| FNMA, Series 2020-55, Class EY | 2.000% | 08/25/50 | 2300000 | 1642783 |
| FNMA, Series 2020-81, Class MA | 1.000% | 10/25/50 | 3477367 | 2724529 |
| FNMA, Series 2020-95, Class KY | 1.500% | 01/25/51 | 2060000 | 1208593 |
| FNMA, Series 2021-34, Class KC | 1.000% | 03/25/51 | 403489 | 217858 |
| FNMA, Series 2021-15, Class HD | 1.000% | 04/25/51 | 800138 | 597217 |
| FNMA, Series 2021-25, Class JB | 1.000% | 05/25/51 | 1355832 | 1044984 |
| FNMA, Series 2021-43, Class CJ | 1.000% | 07/25/51 | 2970516 | 2218269 |
| FNMA, Series 2021-43, Class ME | 1.500% | 07/25/51 | 2328357 | 1844832 |
| FNMA, Series 2021-66, Class NP | 1.000% | 10/25/51 | 3383040 | 2517181 |
| FNMA, Series 2021-79, Class EL | 1.500% | 11/25/51 | 6428838 | 5332807 |
| FNMA, Series 2021-73, Class ZD | 2.000% | 11/25/51 | 1495379 | 697603 |
| FNMA, Series 2022-1, Class GE | 1.500% | 02/25/52 | 3312737 | 2870209 |
| FNMA, Series 2022-49, Class GZ | 4.000% | 08/25/52 | 5174664 | 4547722 |
| FNMA, Series 2023-21, Class MY | 5.000% | 04/25/53 | 2047000 | 1930206 |
| FNMA, Series 2023-67, Class LA | 6.000% | 01/25/54 | 8560967 | 8799238 |
| FNMA, Series 2020-61, Class DB | 1.250% | 09/25/60 | 4425012 | 3296928 |
| GNMA, Series 2015-161, Class AV | 3.000% | 01/20/29 | 181350 | 178106 |
| GNMA, Series 2018-091, Class VL | 3.500% | 10/20/29 | 836455 | 814257 |
| GNMA, Series 2024-127, Class VC | 5.500% | 11/20/33 | 2187479 | 2227839 |
| GNMA, Series 2023-004, Class BV | 5.500% | 12/20/33 | 1002765 | 1023783 |
| GNMA, Series 2004-49, Class MZ | 6.000% | 06/20/34 | 634637 | 637844 |
| GNMA, Series 2023-115, Class VL | 6.000% | 06/20/34 | 3159882 | 3274235 |
| GNMA, Series 2023-167, Class VC | 6.500% | 08/20/34 | 8742558 | 8983856 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2023-167, Class CV | 6.500% | 08/20/34 | $6908573 | $7189873 |
| GNMA, Series 2024-24, Class NV | 6.000% | 12/20/34 | 2065408 | 2069407 |
| GNMA, Series 2005-13, Class BG | 5.000% | 02/20/35 | 142823 | 143833 |
| GNMA, Series 2024-127, Class VQ | 5.000% | 08/20/35 | 6012122 | 6076745 |
| GNMA, Series 2015-123, Class VB | 3.500% | 09/20/35 | 157224 | 156482 |
| GNMA, Series 2006-17, Class JN | 6.000% | 04/20/36 | 88717 | 89378 |
| GNMA, Series 2008-51, Class PH | 5.250% | 06/20/38 | 56069 | 57037 |
| GNMA, Series 2009-2, Class PA | 5.000% | 12/20/38 | 27150 | 27125 |
| GNMA, Series 2014-79, Class HU | 3.000% | 02/16/40 | 443238 | 362408 |
| GNMA, Series 2011-34, Class MB | 4.000% | 03/20/41 | 1838604 | 1768966 |
| GNMA, Series 2018-124, Class Z | 4.000% | 03/20/41 | 4076937 | 3791751 |
| GNMA, Series 2012-74, Class LY | 2.500% | 06/20/42 | 932000 | 696350 |
| GNMA, Series 2012-134, Class KM | 2.000% | 09/20/42 | 342000 | 252574 |
| GNMA, Series 2012-113, Class NZ | 4.500% | 09/20/42 | 326331 | 302796 |
| GNMA, Series 2013-186, Class PY | 2.000% | 11/20/42 | 4500000 | 3943822 |
| GNMA, Series 2012-145, Class PY | 2.000% | 12/20/42 | 1900000 | 1587316 |
| GNMA, Series 2013-6, Class PE | 2.000% | 01/20/43 | 169000 | 133978 |
| GNMA, Series 2013-5, Class GY | 3.000% | 01/20/43 | 789000 | 646167 |
| GNMA, Series 2013-149, Class LZ | 2.500% | 10/20/43 | 2983473 | 2558566 |
| GNMA, Series 2014-58, Class PE | 4.000% | 04/20/44 | 10388000 | 9970985 |
| GNMA, Series 2015-179, Class ZB | 2.500% | 02/20/45 | 62886 | 51743 |
| GNMA, Series 2015-76, Class MZ | 3.000% | 05/20/45 | 2844155 | 2554831 |
| GNMA, Series 2016-37, Class YA | 3.000% | 12/20/45 | 1052778 | 920942 |
| GNMA, Series 2016-38, Class ZP | 3.500% | 03/20/46 | 83626 | 62612 |
| GNMA, Series 2016-74, Class PL | 3.000% | 05/20/46 | 1028927 | 936030 |
| GNMA, Series 2016-77, Class GY | 3.000% | 06/20/46 | 1110000 | 1008353 |
| GNMA, Series 2016-120, Class YZ | 3.000% | 09/20/46 | 500000 | 431851 |
| GNMA, Series 2016-118, Class LB | 3.000% | 09/20/46 | 500000 | 439418 |
| GNMA, Series 2016-116, Class AB | 3.000% | 09/20/46 | 1388167 | 1190174 |
| GNMA, Series 2017-080, Class BZ | 3.500% | 05/20/47 | 468331 | 358883 |
| GNMA, Series 2017-120, Class JZ | 4.000% | 08/20/47 | 723800 | 611988 |
| GNMA, Series 2019-092, Class DB | 2.250% | 01/20/48 | 1388203 | 1218004 |
| GNMA, Series 2018-006, Class JY | 2.750% | 01/20/48 | 362000 | 318313 |
| GNMA, Series 2018-14, Class MZ | 3.000% | 01/20/48 | 434092 | 281931 |
| GNMA, Series 2018-024, Class DL | 3.500% | 02/20/48 | 1623391 | 1488797 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2018-46, Class CZ | 3.200% | 03/20/48 | $12540729 | $11063664 |
| GNMA, Series 2018-097, Class GY | 4.000% | 07/20/48 | 1162000 | 1124796 |
| GNMA, Series 2018-105, Class ZK | 4.000% | 08/20/48 | 530769 | 469974 |
| GNMA, Series 2018-120, Class PY | 3.500% | 09/20/48 | 526033 | 473955 |
| GNMA, Series 2018-154, Class ZU | 4.000% | 11/20/48 | 566222 | 473223 |
| GNMA, Series 2018-166, Class Z | 4.000% | 12/20/48 | 541633 | 448672 |
| GNMA, Series 2019-20, Class JK | 3.500% | 02/20/49 | 120497 | 112783 |
| GNMA, Series 2019-031, Class AZ | 5.000% | 03/20/49 | 157534 | 156756 |
| GNMA, Series 2019-042, Class AB | 3.250% | 04/20/49 | 6086078 | 5469820 |
| GNMA, Series 2019-052, Class HL | 4.000% | 04/20/49 | 490565 | 435613 |
| GNMA, Series 2019-085, Class MC | 2.500% | 06/20/49 | 748550 | 671618 |
| GNMA, Series 2019-99, Class EW | 3.000% | 08/20/49 | 540446 | 427207 |
| GNMA, Series 2019-99, Class GP | 3.500% | 08/20/49 | 517000 | 402419 |
| GNMA, Series 2021-66, Class YM | 3.500% | 09/20/49 | 1578489 | 1389533 |
| GNMA, Series 2019-152, Class LC | 3.500% | 10/20/49 | 2752470 | 2561979 |
| GNMA, Series 2020-015, Class EH | 2.500% | 02/20/50 | 1526803 | 1289709 |
| GNMA, Series 2020-93, Class CP | 2.900% | 04/20/50 | 2625104 | 2255207 |
| GNMA, Series 2020-093, Class AZ | 3.000% | 04/20/50 | 909363 | 645142 |
| GNMA, Series 2020-065, Class YC | 2.000% | 05/20/50 | 1088304 | 884898 |
| GNMA, Series 2020-84, Class LB | 1.250% | 06/20/50 | 4327365 | 3413360 |
| GNMA, Series 2021-58, Class NA | 1.000% | 07/20/50 | 468360 | 363221 |
| GNMA, Series 2020-097, Class ML | 2.500% | 07/20/50 | 1975000 | 1243278 |
| GNMA, Series 2020-133, Class ZM | 1.000% | 09/20/50 | 505598 | 181881 |
| GNMA, Series 2020-160, Class QD | 1.000% | 10/20/50 | 163028 | 81054 |
| GNMA, Series 2020-165, Class BP | 1.000% | 11/20/50 | 430904 | 363861 |
| GNMA, Series 2020-183, Class AE | 1.250% | 12/20/50 | 598103 | 315623 |
| GNMA, Series 2021-089, Class JY | 1.250% | 03/20/51 | 1524647 | 887987 |
| GNMA, Series 2021-86, Class MB | 1.000% | 05/20/51 | 707571 | 548176 |
| GNMA, Series 2021-081, Class KE | 1.500% | 05/20/51 | 4136177 | 2351922 |
| GNMA, Series 2021-097, Class PA | 1.000% | 06/20/51 | 1957471 | 1517326 |
| GNMA, Series 2021-096, Class JK | 1.500% | 06/20/51 | 2529678 | 1570557 |
| GNMA, Series 2021-121, Class JW | 1.500% | 07/20/51 | 1708699 | 962942 |
| GNMA, Series 2021-149, Class ZB | 3.000% | 08/20/51 | 321653 | 189309 |
| GNMA, Series 2022-69, Class BY | 2.000% | 10/20/51 | 1000000 | 781185 |
| GNMA, Series 2022-206, Class GZ | 4.500% | 10/20/51 | 1185804 | 1053695 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2021-196, Class YZ | 1.500% | 11/20/51 | $1139727 | $530386 |
| GNMA, Series 2021-205, Class ZL | 1.500% | 11/20/51 | 4747556 | 2167268 |
| GNMA, Series 2021-216, Class QM | 1.500% | 12/20/51 | 1172581 | 666810 |
| GNMA, Series 2021-216, Class Z | 1.500% | 12/20/51 | 5987656 | 3421411 |
| GNMA, Series 2022-160, Class GZ | 1.750% | 01/20/52 | 14917027 | 8984333 |
| GNMA, Series 2022-10, Class QJ | 1.750% | 01/20/52 | 1253095 | 739954 |
| GNMA, Series 2023-152, Class JL | 6.000% | 01/20/52 | 2362155 | 2454319 |
| GNMA, Series 2022-84, Class AL | 3.500% | 05/20/52 | 2812353 | 2448435 |
| GNMA, Series 2022-101, Class PL | 4.500% | 06/20/52 | 9199000 | 8570959 |
| GNMA, Series 2022-205, Class CH | 5.000% | 06/20/52 | 3242719 | 3217095 |
| GNMA, Series 2022-129, Class PL | 4.000% | 07/20/52 | 3595000 | 3082976 |
| GNMA, Series 2022-125, Class JW | 5.000% | 07/20/52 | 2000000 | 1883015 |
| GNMA, Series 2022-136, Class PB | 4.000% | 08/20/52 | 1585000 | 1346294 |
| GNMA, Series 2022-160, Class QL | 4.500% | 09/20/52 | 5500000 | 5196496 |
| GNMA, Series 2022-172, Class MZ | 5.500% | 10/20/52 | 2187423 | 2196173 |
| GNMA, Series 2022-190, Class DZ | 5.750% | 11/20/52 | 2300101 | 2340671 |
| GNMA, Series 2022-197, Class JB | 6.000% | 11/20/52 | 1500715 | 1543397 |
| GNMA, Series 2022-205, Class CE | 5.000% | 12/20/52 | 2180598 | 2095143 |
| GNMA, Series 2022-209, Class JW | 5.500% | 12/20/52 | 2038000 | 2075724 |
| GNMA, Series 2023-13, Class JB | 5.250% | 01/20/53 | 505050 | 453951 |
| GNMA, Series 2023-4, Class BZ | 5.500% | 01/20/53 | 1764765 | 1660035 |
| GNMA, Series 2023-058, Class PZ | 5.500% | 01/20/53 | 6542560 | 6486736 |
| GNMA, Series 2023-004, Class PB | 5.500% | 01/20/53 | 3932000 | 3845215 |
| GNMA, Series 2023-070, Class BZ | 6.000% | 01/20/53 | 5212109 | 5407337 |
| GNMA, Series 2023-35, Class DB | 4.500% | 02/20/53 | 1233954 | 1156173 |
| GNMA, Series 2023-018, Class ZA | 5.000% | 02/20/53 | 1863992 | 1731023 |
| GNMA, Series 2023-45, Class HZ | 5.000% | 03/20/53 | 3399134 | 3150077 |
| GNMA, Series 2023-45, Class EZ | 6.000% | 03/20/53 | 2109402 | 2205754 |
| GNMA, Series 2023-065, Class LZ | 5.500% | 05/20/53 | 1331500 | 1278839 |
| GNMA, Series 2023-066, Class ZE | 6.500% | 05/20/53 | 3267609 | 3466455 |
| GNMA, Series 2023-082, Class GZ | 6.000% | 06/20/53 | 2687713 | 2756672 |
| GNMA, Series 2023-081, Class KB | 6.500% | 06/20/53 | 3836791 | 4022731 |
| GNMA, Series 2023-096, Class CB | 6.500% | 07/20/53 | 1843572 | 1943495 |
| GNMA, Series 2023-128, Class LZ | 6.000% | 08/20/53 | 7179815 | 7465026 |
| GNMA, Series 2023-117, Class LZ | 6.000% | 08/20/53 | 7730208 | 8070954 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2023-113, Class QC | 6.000% | 08/20/53 | $6188700 | $6473071 |
| GNMA, Series 2023-152, Class MY | 6.000% | 10/20/53 | 1592333 | 1654464 |
| GNMA, Series 2023-152, Class GX | 6.000% | 10/20/53 | 6587217 | 6867743 |
| GNMA, Series 2023-148, Class CB | 6.500% | 10/20/53 | 4188291 | 4409458 |
| GNMA, Series 2023-167, Class CZ | 6.500% | 11/20/53 | 8867637 | 9540907 |
| GNMA, Series 2023-169, Class MB | 6.500% | 11/20/53 | 2150480 | 2276857 |
| GNMA, Series 2023-171, Class BZ | 6.500% | 11/20/53 | 4174795 | 4370648 |
| GNMA, Series 2023-165, Class AZ | 7.000% | 11/20/53 | 5495017 | 6081029 |
| GNMA, Series 2024-28, Class GM | 6.500% | 02/20/54 | 4864697 | 5084754 |
| GNMA, Series 2024-23, Class AZ | 6.500% | 02/20/54 | 8741732 | 9188960 |
| GNMA, Series 2017-H18, Class EB <sup>(b)</sup> | 4.811% | 06/20/63 | 40245 | 40100 |
| GNMA, Series 2023-152, Class TW | 6.500% | 10/20/63 | 10605596 | 11183731 |
| GNMA, Series 2014-H14, Class FA (1\* TSFR1M + 61) <sup>(b)</sup> | 4.942% | 07/20/64 | 97983 | 98001 |
| GNMA, Series 2016-H11, Class FD (1\* TSFR12M + 112) <sup>(b)</sup> | 5.075% | 05/20/66 | 82894 | 83494 |
| GNMA, Series 2017-H16, Class DB <sup>(b)</sup> | 4.506% | 08/20/67 | 13799 | 13651 |
|  |  |  |  | 606059679 |
| **Agency MBS CMO Derivatives - 0.5%** |  |  |  |  |
| FHLMC, Series 3919, Class QS (IO) (-1\* SOFR + 670) <sup>(b)</sup> | 2.213% | 08/15/30 | 495160 | 19428 |
| FHLMC, Series 226, Class (PO), Pool #S0-3651 | 0.000% | 02/01/34 | 67211 | 57875 |
| FHLMC, Series 3102, Class TA (IO) (-7.5\* SOFR30A + 64) <sup>(b)</sup> | 7.500% | 01/15/36 | 147733 | 147336 |
| FHLMC, Series 3607, Class AO (PO) | 0.000% | 04/15/36 | 46278 | 39915 |
| FHLMC, Series 237, Class S14 (IO) (-1\* SOFR + 660) <sup>(b)</sup> | 2.113% | 05/15/36 | 198870 | 22432 |
| FHLMC, Series 3199, Class OC (PO) | 0.000% | 08/15/36 | 62830 | 53746 |
| FHLMC, Series 3607, Class OP (PO) | 0.000% | 07/15/37 | 181392 | 155534 |
| FHLMC, Series 3852, Class NT (IO) (-1\* SOFR30A + 611) <sup>(b)</sup> | 1.513% | 05/15/41 | 1448365 | 1246819 |
| FHLMC, Series 4422, Class DO (PO) | 0.000% | 10/15/41 | 627202 | 492509 |
| FHLMC, Series 4074, Class SJ (IO) (-1\* SOFR + 662) <sup>(b)</sup> | 2.133% | 07/15/42 | 555446 | 70414 |
| FHLMC, Class (PO), Pool #S0-6050 | 0.000% | 08/15/42 | 113213 | 88175 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO Derivatives - 0.5% (Continued)** |  |  |  |  |
| FHLMC, Class (PO), Pool #S0-6829 | 0.000% | 09/15/43 | $208541 | $161787 |
| FHLMC, Series 322, Class (PO), Pool #S0-7033 <br> (-1.6\* SOFR30A + 955) <sup>(b)</sup> | 2.262% | 12/15/43 | 1074806 | 997952 |
| FNMA, Series 2012-148, Class IA (IO) | 4.000% | 01/25/28 | 27274 | 415 |
| FNMA, Series 2004-91, Class SP (IO) (-2.4\* SOFR + 1680) <sup>(b)</sup> | 6.071% | 10/25/31 | 83976 | 90121 |
| FNMA, Series 2004-61, Class GO (PO) | 0.000% | 11/25/32 | 178634 | 162541 |
| FNMA, Series 2013-89, Class DI (IO) | 4.000% | 08/25/33 | 638399 | 43716 |
| FNMA, Series 2015-82, Class AI (IO) | 3.500% | 06/25/34 | 285062 | 13110 |
| FNMA, Series 2016-28, Class DI (IO) | 3.500% | 03/25/35 | 278758 | 13499 |
| FNMA, Series 384, Class 11 (IO) | 5.000% | 03/25/35 | 302583 | 39625 |
| FNMA, Series 2005-52, Class JH (IO) (-1\* SOFR + 660) <sup>(b)</sup> | 2.137% | 05/25/35 | 152046 | 7262 |
| FNMA, Class (IO) <sup>(b)</sup> | 5.000% | 06/25/35 | 371103 | 49888 |
| FNMA, Series 2016-24, Class KI (IO) | 3.500% | 07/25/35 | 202019 | 13064 |
| FNMA, Class (IO) | 5.000% | 02/25/36 | 257398 | 31334 |
| FNMA, Series 2006-96, Class MO (PO) | 0.000% | 10/25/36 | 11150 | 10142 |
| FNMA, Series 398, Class C5 (IO) | 5.000% | 05/25/39 | 448136 | 78288 |
| FNMA, Series 2010-44, Class CS (IO) (-1\* SOFR + 655) <sup>(b)</sup> | 2.079% | 05/25/40 | 33673 | 3407 |
| FNMA, Series 409, Class C1 (IO) | 4.000% | 04/01/42 | 684474 | 123369 |
| FNMA, Series 2012-99, Class QS (IO) (-1\* SOFR + 660) <sup>(b)</sup> | 2.137% | 09/25/42 | 1302338 | 189254 |
| FNMA, Series 2012-128, Class WS (IO) (-1\* SOFR + 400) <sup>(b)</sup> | 0.000% | 11/25/42 | 1065507 | 718349 |
| FNMA, Series 2012-128, Class SH (IO) (-1\* SOFR + 400) <sup>(b)</sup> | 0.000% | 11/25/42 | 4502962 | 3175411 |
| FNMA, Series 2016-32, Class GO (PO) | 0.000% | 01/25/43 | 11453 | 4786 |
| FNMA, Series 2016-30, Class IN (IO) | 3.500% | 02/25/43 | 397272 | 10776 |
| FNMA, Series 2019-31, Class CI (IO) | 4.000% | 02/25/47 | 431546 | 21072 |
| GNMA, Series 2011-139, Class LS (IO) (-1\* TSFR1M + 511) <sup>(b)</sup> | 0.532% | 03/16/38 | 1704118 | 87431 |
| GNMA, Series 2013-147, Class SD (IO) (-1\* TSFR1M + 676) <sup>(b)</sup> | 2.195% | 12/20/39 | 987091 | 122495 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO Derivatives - 0.5% (Continued)** |  |  |  |  |
| GNMA, Series 2011-21, Class SA (IO) (-1\* TSFR1M + 611) <sup>(b)</sup> | 1.739% | 02/16/41 | $1134478 | $115383 |
| GNMA, Series 2013-113, Class QS (IO) (-1\* TSFR1M + 631) <sup>(b)</sup> | 1.745% | 02/20/42 | 176971 | 14260 |
| GNMA, Series 2013-82, Class NS (IO) (-1\* TSFR1M + 411) <sup>(b)</sup> | 0.000% | 05/20/43 | 1294967 | 706780 |
| GNMA, Series 2017-004, Class WI (IO) | 4.000% | 02/20/44 | 402734 | 18879 |
| GNMA, Series 2016-32, Class MS (IO) (-1\* TSFR1M + 616) <sup>(b)</sup> | 1.595% | 03/20/46 | 1336830 | 161137 |
| GNMA, Series 2019-098, Class BI (IO) | 3.000% | 06/20/49 | 847484 | 206015 |
| GNMA, Series 2022-200, Class SC (IO) (-3.67\* SOFR30A + 23) <sup>(b)</sup> | 6.618% | 11/20/52 | 4531369 | 5010159 |
|  |  |  |  | 14795890 |
| **Agency MBS Passthrough - 8.4%** |  |  |  |  |
| FHLMC, Pool #U5-9010 | 4.000% | 11/01/34 | 180525 | 179018 |
| FHLMC, Pool #G6-1909 | 4.500% | 12/01/37 | 212011 | 212251 |
| FHLMC, Pool #G0-6085 | 6.500% | 09/01/38 | 28311 | 29804 |
| FHLMC, Pool #RB-5090 | 2.000% | 12/01/40 | 13662911 | 11836956 |
| FHLMC, Pool #2B-7995 | 2.523% | 10/01/50 | 3503141 | 3268842 |
| FHLMC, Pool #RE-6080 | 1.500% | 11/01/50 | 4353613 | 3263460 |
| FHLMC, Pool #RE-0015 | 3.000% | 11/01/50 | 5121143 | 4588978 |
| FHLMC, Pool #RE-6085 | 1.500% | 02/01/51 | 761011 | 570449 |
| FHLMC, Pool #RE-6093 | 1.500% | 04/01/51 | 1174137 | 880130 |
| FHLMC, Series 4839, Class AL | 4.000% | 04/15/51 | 2326401 | 1998646 |
| FHLMC, Pool #8C-0205 | 1.854% | 02/01/52 | 3339016 | 3120153 |
| FHLMC, Pool #QH-7551 | 6.000% | 12/01/53 | 4829202 | 4963614 |
| FNMA, Pool #252409 | 6.500% | 03/01/29 | 21329 | 21684 |
| FNMA, Pool #AS7287 | 3.500% | 06/01/31 | 157285 | 155540 |
| FNMA, Pool #AL3200 | 3.500% | 02/01/33 | 153495 | 149219 |
| FNMA, Pool #AT7120 | 3.500% | 06/01/33 | 232558 | 227482 |
| FNMA, Pool #AL5166 | 3.000% | 11/01/33 | 1085647 | 1041180 |
| FNMA, Pool #AL6685 | 4.000% | 01/01/35 | 438196 | 432186 |
| FNMA, Pool #MA2198 | 3.500% | 03/01/35 | 172319 | 167544 |
| FNMA, Pool #MA3050 | 4.500% | 06/01/37 | 282842 | 285491 |
| FNMA, Pool #FS7218 | 1.500% | 02/01/42 | 2808368 | 2367437 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS Passthrough - 8.4% (Continued)** |  |  |  |  |
| FNMA, Pool #BM7598 | 3.000% | 02/01/43 | $5221616 | $4796396 |
| FNMA, Pool #AS4073 | 4.000% | 12/01/44 | 140616 | 135440 |
| FNMA, Pool #AS5236 | 4.000% | 05/01/45 | 878144 | 844911 |
| FNMA, Pool #MA2778 | 3.500% | 10/01/46 | 75011 | 69224 |
| FNMA, Series 2017-10, Class LZ | 3.000% | 03/25/47 | 4300143 | 3791841 |
| FNMA, Pool #BM6504 | 3.500% | 01/01/48 | 8813966 | 8188544 |
| FNMA, Pool #BM6530 | 3.000% | 10/01/48 | 264019 | 239025 |
| FNMA, Pool #BM6732 | 4.000% | 11/01/48 | 13131414 | 12781374 |
| FNMA, Pool #CA6940 | 2.247% | 09/01/50 | 2243251 | 2084775 |
| FNMA, Pool #BP7449 | 2.041% | 10/01/50 | 735658 | 710654 |
| FNMA, Pool #BM6452 | 2.114% | 10/01/50 | 2791089 | 2576950 |
| FNMA, Pool #BQ5239 | 2.222% | 10/01/50 | 1453503 | 1409176 |
| FNMA, Pool #MA4199 | 1.500% | 11/01/50 | 735630 | 551430 |
| FNMA, Pool #CA8249 | 1.500% | 12/01/50 | 7112734 | 5491113 |
| FNMA, Pool #BK8466 | 2.241% | 12/01/50 | 1016653 | 940178 |
| FNMA, Pool #CA9112 | 1.500% | 02/01/51 | 14944040 | 11202117 |
| FNMA, Pool #MA4294 | 1.500% | 03/01/51 | 2719150 | 2038292 |
| FNMA, Pool #BR9977 | 1.782% | 06/01/51 | 2315114 | 2093758 |
| FNMA, Pool #DA1521 | 6.000% | 10/01/53 | 7683195 | 7897032 |
| FNMA, Pool #FS9979 | 6.000% | 09/01/54 | 24213630 | 24933578 |
| FNMA, Pool #DC6991 | 5.000% | 12/01/54 | 30695926 | 30500880 |
| FNMA, Pool #DC6393 | 6.000% | 04/01/55 | 14493539 | 14941153 |
| GNMA, Pool #MA5738M | 4.000% | 02/20/34 | 115452 | 115477 |
| GNMA, Pool #MA7385M | 2.000% | 06/20/36 | 1274841 | 1124299 |
| GNMA, Pool #784279 | 5.500% | 11/15/38 | 200394 | 205901 |
| GNMA, Pool #711522X | 4.500% | 07/15/40 | 189567 | 191743 |
| GNMA, Pool #784991 | 3.000% | 04/20/46 | 3254850 | 2893299 |
| GNMA, Pool #78541 | 4.500% | 06/15/46 | 76338 | 76272 |
| GNMA, Pool #784792 | 4.500% | 08/20/49 | 358805 | 337936 |
| GNMA, Pool #MA7248 | 3.000% | 03/20/51 | 1003589 | 878954 |
| GNMA, Pool #CI6717 | 3.000% | 10/20/51 | 1768054 | 1579058 |
| GNMA, Pool #MA7929M | 3.500% | 03/20/52 | 6183848 | 5548949 |
| GNMA, Pool #787258 | 3.500% | 08/20/52 | 8751104 | 7873898 |
| GNMA, Pool #CM7497C | 5.000% | 08/20/52 | 4308912 | 4287823 |
| GNMA, Pool #CX4361C | 8.000% | 11/20/53 | 333884 | 350926 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS Passthrough - 8.4% (Continued)** |  |  |  |  |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | $3846793 | $4023924 |
| GNMA, Pool #MA9428M | 8.000% | 01/20/54 | 1343648 | 1388782 |
| GNMA, Pool #CR2128 | 3.000% | 04/20/55 | 806264 | 707050 |
| GNMA, Pool #CN5057 | 4.500% | 07/20/62 | 1703459 | 1635606 |
| GNMA, Pool #CN5236C | 4.000% | 08/20/62 | 3725320 | 3455537 |
| GNMA, Pool #CN5237 | 4.500% | 08/20/62 | 1541771 | 1480354 |
| GNMA, Pool #CP5023C | 6.000% | 08/20/62 | 1769482 | 1792204 |
| GNMA, Pool #CQ3549 | 3.000% | 10/20/62 | 220234 | 193117 |
| GNMA, Pool #CS5780 | 3.000% | 02/20/63 | 324677 | 284702 |
| GNMA, Pool #DJ1126 | 7.000% | 04/20/65 | 27377852 | 28078209 |
|  |  |  |  | 246481925 |
| **ARM - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Structured Asset Securities Corp., Series 2003-37A, Class 2-A <sup>(b)</sup> | 5.683% | 12/25/33 | 3705 | 3646 |
| **Auto Loan - 2.8%** |  |  |  |  |
| ACM Auto Trust, Series 2024-2A, Class A <sup>(d)</sup> | 6.060% | 02/20/29 | 316831 | 316635 |
| ACM Auto Trust, Series 2025-3A, Class A <sup>(d)</sup> | 5.010% | 01/22/30 | 4765475 | 4747813 |
| ACM Auto Trust, Series 2024-1A, Class B <sup>(d)</sup> | 11.400% | 01/21/31 | 1466881 | 1480928 |
| ACM Auto Trust, Series 2024-2A, Class B <sup>(d)</sup> | 9.210% | 08/20/31 | 600000 | 603496 |
| ACM Auto Trust, Series 2025-1A, Class B <sup>(d)</sup> | 7.870% | 11/20/31 | 3000000 | 3004051 |
| ACM Auto Trust, Series 2025-2A, Class B <sup>(d)</sup> | 7.250% | 02/20/32 | 1200000 | 1182197 |
| ACM Auto Trust, Series 2025-3A, Class B <sup>(d)</sup> | 6.080% | 07/20/32 | 2600000 | 2529259 |
| AgoraCapital Auto Securities Trust, Series 2025-1A, Class A <sup>(d)</sup> | 6.400% | 11/25/32 | 4810341 | 4823505 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, <br> Class C <sup>(d)</sup> | 9.840% | 03/15/29 | 2700000 | 2826372 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, <br> Class B <sup>(d)</sup> | 6.870% | 06/17/30 | 2000000 | 2052092 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class B <sup>(d)</sup> | 5.110% | 11/15/31 | 5640000 | 5655141 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class D <sup>(d)</sup> | 5.820% | 01/15/32 | 2975000 | 2982289 |
| Exeter Automobile Receivables Trust, Series 2021-2, Class D | 1.400% | 04/15/27 | 2835724 | 2808529 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 2.8% (Continued)** |  |  |  |  |
| FHF Trust, Series 2021-2A, Class B <sup>(d)</sup> | 1.630% | 09/15/27 | $3945635 | $3939979 |
| FinBe USA Trust, Series 2025-1A, Class B <sup>(d)</sup> | 6.600% | 12/16/30 | 3400000 | 3401531 |
| First Help Financial, LLC, Series 2023-2, Class D <sup>(d)</sup> | 9.503% | 10/15/30 | 1750000 | 1856401 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class C <sup>(d)</sup> | 7.650% | 01/27/31 | 5000000 | 5152394 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(d)</sup> | 4.835% | 09/20/33 | 5621384 | 5635136 |
| Merchants Fleet Funding, LLC, Series 2023-1A, Class D <sup>(d)</sup> | 8.200% | 05/20/36 | 4000000 | 4062626 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class B <sup>(d)</sup> | 7.960% | 06/25/32 | 5348702 | 5408211 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class C <sup>(d)</sup> | 6.675% | 06/27/33 | 9800000 | 9906180 |
| Tricolor Auto Securitization Trust, Series 2024-1A, Class B <sup>(d)(e)(f)</sup> | 6.530% | 12/15/27 | 4000000 | 4000000 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class B <sup>(d)(e)(f)</sup> | 5.360% | 09/15/28 | 1625000 | 1592500 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class C <sup>(d)(e)(f)</sup> | 5.730% | 12/15/28 | 1920000 | 1854720 |
| US Bank NA, Series 2023-1, Class B <sup>(d)</sup> | 6.789% | 08/25/32 | 336493 | 340408 |
|  |  |  |  | 82162393 |
| **CRE/CLO - 1.4%** |  |  |  |  |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class C <sup>(d)</sup> | 6.500% | 12/18/37 | 1850000 | 1819009 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class D <br> (1\* TSFR1M + 271) <sup>(b)(d)</sup> | 7.350% | 12/18/37 | 1000000 | 980622 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class E <br> (1\* TSFR1M + 321) <sup>(b)(d)</sup> | 7.850% | 12/18/37 | 675000 | 658222 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL3, <br> Class AS (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 5.665% | 08/15/34 | 2557000 | 2556189 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class B (1\* TSFR1M + 319) <sup>(b)(d)</sup> | 7.527% | 01/18/41 | 2500000 | 2498763 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 1.4% (Continued)** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class C (1\* TSFR1M + 369) <sup>(b)(d)</sup> | 8.027% | 01/18/41 | $4000000 | $3998012 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, <br> Class C (1\* TSFR1M + 269) <sup>(b)(d)</sup> | 7.033% | 08/20/42 | 2400000 | 2398613 |
| AREIT CRE Trust, Series 2022-CRE7, Class C (1\* SOFR + 384) <sup>(b)(d)</sup> | 7.986% | 06/17/39 | 900000 | 900589 |
| BXMT Ltd., Series 2020-FL3, Class A (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 6.378% | 11/15/37 | 2972213 | 2973051 |
| BXMT Ltd., Series 2020-FL3, Class D (1\* TSFR1M + 291) <sup>(b)(d)</sup> | 7.778% | 11/15/37 | 1500000 | 1450052 |
| BXMT Ltd., Series 2020-FL2, Class B (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 6.128% | 02/15/38 | 2240000 | 2228860 |
| BXMT Ltd., Series 2020-FL2, Class D (1\* TSFR1M + 206) <sup>(b)(d)</sup> | 6.678% | 02/15/38 | 3134000 | 3066036 |
| BXMT Ltd., Series 2021-FL4, Class C (1\* TSFR1M + 186) <sup>(b)(d)</sup> | 6.228% | 05/15/38 | 1600000 | 1551429 |
| BXMT Ltd., Series 2021-FL4, Class D (1\* TSFR1M + 236) <sup>(b)(d)</sup> | 6.728% | 05/15/38 | 2250000 | 2157759 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class AS (1\* TSFR1M + 156) <sup>(b)(d)</sup> | 5.700% | 07/16/36 | 4431000 | 4427703 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class B (1\* TSFR1M + 374) <sup>(b)(d)</sup> | 7.869% | 09/17/37 | 3000000 | 3001398 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class D (1\* TSFR1M + 573) <sup>(b)(d)</sup> | 9.863% | 09/17/37 | 750000 | 753600 |
| PFP III, Series 2024-11, Class D (1\* TSFR1M + 409) <sup>(b)(d)</sup> | 8.305% | 09/17/39 | 2500000 | 2465525 |
|  |  |  |  | 39885432 |
| **Credit Cards - 0.4%** |  |  |  |  |
| Genesis Sales Finance Master Trust, Series 2024-B, Class D <sup>(b)(d)</sup> | 7.040% | 12/20/32 | 5000000 | 5039809 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Credit Cards - 0.4% (Continued)** |  |  |  |  |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class B <sup>(d)</sup> | 7.430% | 07/20/29 | $5000000 | $5057741 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class C <sup>(d)</sup> | 7.320% | 08/15/29 | 3000000 | 3026094 |
|  |  |  |  | 13123644 |
| **Equipment - 0.8%** |  |  |  |  |
| Blue Bridge Funding, Inc., Series 2023-1, Class A <sup>(d)</sup> | 7.370% | 11/15/30 | 626877 | 632749 |
| CLI Funding VI, LLC, Series 2020-1, Class B <sup>(d)</sup> | 3.620% | 09/18/45 | 321524 | 305598 |
| CPF IV, LLC, Series 2023-2, Class A <sup>(d)</sup> | 7.480% | 03/15/32 | 943133 | 951681 |
| CPF IV, LLC, Series 2023-2, Class C <sup>(d)</sup> | 7.560% | 03/15/32 | 2000000 | 1988497 |
| Dext ABS, Series 2023-2, Class D <sup>(d)</sup> | 8.300% | 05/15/34 | 1500000 | 1597500 |
| MMP Capital, LLC, Series 2025-A, Class A <sup>(d)</sup> | 5.360% | 12/15/31 | 8423722 | 8487448 |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(d)</sup> | 8.540% | 06/15/29 | 4500000 | 4616181 |
| NMEF Funding, LLC, Series 2023-A, Class C <sup>(d)</sup> | 8.040% | 06/17/30 | 3500000 | 3658547 |
| Stellar Jay Ireland DAC, Series 2021-1, Class B <sup>(d)</sup> | 5.926% | 10/15/41 | 333773 | 334467 |
|  |  |  |  | 22572668 |
| **HECM - 4.0%** |  |  |  |  |
| Boston Lending Trust, Series 2022-1, Class M2 <sup>(d)</sup> | 2.750% | 02/25/62 | 552643 | 510129 |
| Brean Asset Backed Securities Trust, Series 2022-RM4, Class M1 <sup>(d)</sup> | 3.000% | 07/25/62 | 1101086 | 948626 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class M2 <sup>(d)</sup> | 4.500% | 09/25/62 | 2970598 | 2658947 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class M1 <sup>(d)</sup> | 4.500% | 09/25/62 | 2627837 | 2445313 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class A <sup>(d)</sup> | 4.500% | 09/25/62 | 4393594 | 4309473 |
| Brean Asset Backed Securities Trust, Series 2023-RM6, Class M2 <sup>(d)</sup> | 5.250% | 01/25/63 | 3094873 | 2944957 |
| Brean Asset Backed Securities Trust, Series 2023-RM6, Class M1 <sup>(d)</sup> | 5.250% | 01/25/63 | 3094873 | 3011746 |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M3 <sup>(d)</sup> | 4.000% | 09/25/63 | 3085932 | 2771909 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 4.0% (Continued)** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M1 <sup>(d)</sup> | 4.000% | 09/25/63 | $3248349 | $3167519 |
| Brean Asset Backed Securities Trust, Series 2024-RM9, Class A1 <sup>(d)</sup> | 5.000% | 09/25/64 | 3154539 | 3133230 |
| Brean Asset Backed Securities Trust, Series 2025-RM10, Class A2 <sup>(d)</sup> | 5.000% | 01/25/65 | 6800000 | 6610188 |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class A2 <sup>(d)</sup> | 4.500% | 07/25/65 | 6675000 | 6295332 |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class M3 <sup>(d)</sup> | 4.500% | 07/25/65 | 2315839 | 1865687 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class M1 <sup>(d)</sup> | 4.500% | 03/25/78 | 3249380 | 3028991 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A2 <sup>(d)</sup> | 4.500% | 03/25/78 | 6039000 | 5844708 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A1 <sup>(d)</sup> | 4.500% | 03/25/78 | 7792428 | 7672306 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M3 <sup>(b)(d)</sup> | 3.000% | 05/25/34 | 2000000 | 1895322 |
| Cascade Funding Mortgage Trust, Series 2024-2, Class M3 <sup>(b)(d)</sup> | 3.000% | 06/25/34 | 4000000 | 3804441 |
| Cascade Funding Mortgage Trust, Series 2024-2, Class M2 <sup>(d)</sup> | 3.000% | 06/25/34 | 2000000 | 1916955 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M3 <sup>(b)(d)</sup> | 4.000% | 08/25/34 | 5500000 | 5298203 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M2 <sup>(d)</sup> | 3.000% | 06/25/36 | 3000000 | 2947452 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M3 <sup>(d)</sup> | 3.000% | 06/25/36 | 4000000 | 3912658 |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class M2 <sup>(d)</sup> | 3.000% | 02/25/37 | 1500000 | 1448155 |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class M3 <sup>(d)</sup> | 3.000% | 02/25/37 | 3500000 | 3343145 |
| Onity Loan Investment Trust, Series 2024-HB2, Class M3 <sup>(d)</sup> | 5.000% | 08/25/37 | 2500000 | 2440824 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 4.0% (Continued)** |  |  |  |  |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 <sup>(d)</sup> | 3.690% | 11/25/31 | $1550000 | $1478185 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 <sup>(d)</sup> | 4.704% | 11/25/31 | 5000000 | 4750495 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AI <sup>(b)(d)</sup> | 1.719% | 10/25/50 | 1674732 | 1575378 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AB <sup>(d)</sup> | 1.744% | 10/25/50 | 3038721 | 2840475 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M1 <sup>(d)</sup> | 2.619% | 10/25/50 | 1500000 | 1290430 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class A <sup>(d)</sup> | 2.125% | 09/25/61 | 4086881 | 3802185 |
| RMF Proprietary Issuance Trust, Series 2022-1, Class A <sup>(d)</sup> | 3.000% | 01/25/62 | 1970741 | 1879128 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 <sup>(d)</sup> | 3.750% | 06/25/62 | 1100000 | 978459 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class A <sup>(d)</sup> | 4.000% | 08/25/62 | 4890345 | 4771118 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M1 <sup>(d)</sup> | 4.000% | 08/25/62 | 5000000 | 4659908 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M3 <sup>(d)</sup> | 4.000% | 08/25/62 | 2500000 | 2219986 |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(d)</sup> | 3.000% | 01/25/62 | 1400000 | 1298219 |
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 <sup>(d)</sup> | 3.000% | 01/25/62 | 1000000 | 907450 |
|  |  |  |  | 116677632 |
| **Hospitality - 0.5%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(b)(d)</sup> | 6.700% | 08/15/42 | 3500000 | 3502188 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(b)(d)</sup> | 7.450% | 08/15/42 | 5850000 | 5853656 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Hospitality - 0.5% (Continued)** |  |  |  |  |
| INTOWN Mortgage Trust, Series 2025-STAY, Class D <br> (1\* TSFR1M + 285) <sup>(b)(d)</sup> | 7.000% | 03/15/42 | $3150000 | $3146063 |
| MCR Mortgage Trust, Series 2024-TWA, Class D <sup>(d)</sup> | 7.402% | 06/12/39 | 3500000 | 3549459 |
|  |  |  |  | 16051366 |
| **Industrial - 0.7%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class D <br> (1\* TSFR1M + 259) <sup>(b)(d)</sup> | 6.742% | 03/15/30 | 5750000 | 5742813 |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(b)(d)</sup> | 7.400% | 07/15/27 | 7500000 | 7556250 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(b)(d)</sup> | 7.000% | 08/15/42 | 3449825 | 3459409 |
| DK Trust, Series 2025-LXP, Class C <sup>(d)</sup> | 6.592% | 08/15/37 | 3150000 | 3152953 |
| DK Trust, Series 2025-LXP, Class D <sup>(d)</sup> | 7.241% | 08/15/37 | 1650000 | 1652063 |
|  |  |  |  | 21563488 |
| **Laboratory - 1.6%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-BIO2, Class D <sup>(d)</sup> | 7.970% | 08/13/41 | 4400000 | 4378167 |
| Commercial Mortgage Trust, Series 2020-CX, Class A <sup>(d)</sup> | 2.173% | 11/10/46 | 11815000 | 10191416 |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(d)</sup> | 2.446% | 11/10/46 | 7260000 | 6175738 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 5.664% | 03/15/38 | 4550000 | 4521563 |
| Life Financial Services Trust, Series 2021-BMR, Class E <br> (1\* TSFR1M + 186) <sup>(b)(d)</sup> | 6.014% | 03/15/38 | 1064700 | 1055384 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1 <br> (1\* TSFR1M + 130) <sup>(b)(d)</sup> | 5.445% | 05/15/39 | 10250000 | 9968125 |
| Life Financial Services Trust, Series 2022-BMR2, Class B <br> (1\* TSFR1M + 179) <sup>(b)(d)</sup> | 5.944% | 05/15/39 | 3000000 | 2812289 |
| VLS Commercial Mortgage Trust, Series 2020-LAB, Class A <sup>(d)</sup> | 2.130% | 10/10/42 | 9060000 | 7742920 |
|  |  |  |  | 46845602 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Manufactured Housing - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Cascade Manufactured Housing Asset Trust, Series 2019-MH1, Class M <sup>(b)(d)</sup> | 5.985% | 11/25/44 | $100000 | $96789 |
| **Multifamily - 1.4%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(b)(d)</sup> | 7.239% | 08/15/39 | 7770420 | 7789804 |
| FREMF Mortgage Trust, Series 2018-KF53, Class B (1\* SOFR + 205) <sup>(b)(d)</sup> | 6.519% | 10/25/25 | 491756 | 491061 |
| FREMF Mortgage Trust, Series 2019-KF58, Class B (1\* SOFR30A + 226) <sup>(b)(d)</sup> | 6.619% | 01/25/26 | 1688582 | 1679298 |
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1\* SOFR + 215) <sup>(b)(d)</sup> | 6.619% | 01/25/28 | 236208 | 228597 |
| FREMF Mortgage Trust, Series 2018-KF46, Class B (1\* SOFR30A + 206) <sup>(b)(d)</sup> | 6.419% | 03/25/28 | 137837 | 132955 |
| FREMF Mortgage Trust, Series 2018-KF48, Class B (1\* SOFR + 205) <sup>(b)(d)</sup> | 6.519% | 06/25/28 | 1438424 | 1366472 |
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1\* SOFR + 190) <sup>(b)(d)</sup> | 6.369% | 07/25/28 | 338254 | 325221 |
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1\* SOFR + 225) <sup>(b)(d)</sup> | 6.719% | 01/25/29 | 1054297 | 1007723 |
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1\* SOFR + 225) <sup>(b)(d)</sup> | 6.719% | 08/25/29 | 172191 | 163587 |
| Multifamily Connecticut Avenue, Series 2024-01, Class M7 <br> (1\* SOFR30A + 275) <sup>(b)(d)</sup> | 7.106% | 07/25/54 | 5893378 | 5970037 |
| Multifamily Connecticut Avenue, Series 2025-01, Class M1 <br> (1\* SOFR30A + 240) <sup>(b)(d)</sup> | 6.756% | 05/25/55 | 4598690 | 4616560 |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class M1 <br> (1\* SOFR30A + 245) <sup>(b)(d)</sup> | 6.798% | 10/25/44 | 3213796 | 3236898 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-1 <br> (1\* SOFR30A + 205) <sup>(b)(d)</sup> | 6.405% | 02/25/45 | 3030833 | 3005867 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-2 <br> (1\* SOFR30A + 285) <sup>(b)(d)</sup> | 7.205% | 02/25/45 | 1550000 | 1546688 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 1.4% (Continued)** |  |  |  |  |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN1, Class M-1 <br> (1\* SOFR + 200) <sup>(b)(d)</sup> | 6.356% | 01/25/51 | $684696 | $682820 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class M-1 <br> (1\* SOFR + 230) <sup>(b)(d)</sup> | 6.656% | 11/25/51 | 4830206 | 4838543 |
| MultiFamily Structured Credit Risk Notes, Series 2022-MN4, Class M-1 <br> (1\* SOFR + 425) <sup>(b)(d)</sup> | 8.598% | 05/25/52 | 2771251 | 2842021 |
|  |  |  |  | 39924152 |
| **Non-Agency MBS 2.0 - 0.6%** |  |  |  |  |
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 <br> (1\* SOFR + 155) <sup>(b)</sup> | 5.906% | 02/25/50 | 569001 | 537402 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1 <br> (1\* SOFR + 130) <sup>(b)(d)</sup> | 5.656% | 03/25/51 | 524255 | 523236 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 <br> (1\* SOFR + 180) <sup>(b)(d)</sup> | 6.156% | 03/25/51 | 1450842 | 1429992 |
| Redwood Funding Trust, Series 2025-RR1, Class A1 <sup>(d)</sup> | 6.767% | 06/27/28 | 5846976 | 5860436 |
| Redwood Funding Trust, Series 2025-2, Class A <sup>(d)</sup> | 7.112% | 05/27/55 | 1717066 | 1724877 |
| REMIC Funding Trust, Series 2024-2, Class A1 <sup>(d)</sup> | 7.112% | 09/27/28 | 4949145 | 4945462 |
| REMIC Funding Trust, Series 2024-2, Class A2 <sup>(d)</sup> | 8.806% | 09/27/28 | 1960057 | 1958664 |
|  |  |  |  | 16980069 |
| **Non-Performing Loan - 0.2%** |  |  |  |  |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL2, <br> Class A1 <sup>(d)</sup> | 7.774% | 05/25/30 | 4808372 | 4843059 |
| **Office - 1.7%** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2020-BOC, Class A <sup>(d)</sup> | 2.627% | 01/15/32 | 2350000 | 2075676 |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1,<br> Class A <sup>(d)</sup> | 3.665% | 12/15/35 | 5950000 | 5604147 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 1.7% (Continued)** |  |  |  |  |
| Banc of America Merrill Lynch Commericial Mortgage, Series 2020-BOC, Class B <sup>(d)</sup> | 2.829% | 01/15/32 | $4500000 | $3749997 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class B <sup>(d)</sup> | 2.461% | 04/12/42 | 3000000 | 2661318 |
| Drop Mortgage Trust, Series 2021-FILE, Class A (1\* TSFR1M + 126) <sup>(d)</sup> | 5.414% | 10/15/43 | 3500000 | 3400469 |
| Drop Mortgage Trust, Series 2021-FILE, Class B (1\* TSFR1M + 181) <sup>(b)(d)</sup> | 5.964% | 10/15/43 | 13300000 | 12622531 |
| NYC Commercial Mortgage Trust, Series 2025-3BP, Class B <br> (1\* TSFR1M + 169) <sup>(b)(d)</sup> | 5.842% | 02/15/42 | 3000000 | 2997456 |
| NYC Commerical Mortgage Trust, Series 2025-3BP, Class D <br> (1\* TSFR1M + 244) <sup>(b)(d)</sup> | 6.591% | 02/15/42 | 1600000 | 1592500 |
| NYT Mortgage Trust, Series 2019-NYT, Class C (1\* TSFR1M + 200) <sup>(b)(d)</sup> | 6.361% | 12/15/35 | 2700000 | 2622542 |
| NYT Mortgage Trust, Series 2019-NYT, Class D (1\* TSFR1M + 230) <sup>(b)(d)</sup> | 6.661% | 12/15/35 | 3850000 | 3674797 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class B <sup>(d)</sup> | 6.013% | 09/15/40 | 5000000 | 5018242 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(d)</sup> | 8.623% | 09/15/40 | 4250000 | 4289429 |
|  |  |  |  | 50309104 |
| **Residential Transition Loan - 2.2%** |  |  |  |  |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 <sup>(d)</sup> | 3.280% | 01/25/26 | 357960 | 340565 |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 <sup>(d)(e)</sup> | 7.610% | 01/25/26 | 72345 | 2808 |
| Corevest American Finance Ltd., Series 2021-RTL1, Class A2 <sup>(d)</sup> | 5.104% | 03/28/29 | 166456 | 166456 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(d)</sup> | 6.456% | 05/25/40 | 4450000 | 4513557 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A2 <sup>(d)</sup> | 8.299% | 05/25/40 | 3400000 | 3433433 |
| Fidelis Mortgage Trust, Series 25-RTL1, Class A-2 <sup>(d)</sup> | 6.220% | 02/27/40 | 2200000 | 2230594 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Residential Transition Loan - 2.2% (Continued)** |  |  |  |  |
| Homeward Opportunities Funding Trust, Series 2024-RTL1, Class A-2 <sup>(d)</sup> | 8.570% | 07/25/29 | $2300000 | $2310663 |
| Homeward Opportunities Funding Trust, Series 2024-RRTL2, Class A-2 <sup>(d)</sup> | 6.369% | 09/25/39 | 4000000 | 4014730 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class A2 <sup>(d)</sup> | 9.165% | 01/25/29 | 2500000 | 2530450 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class M <sup>(d)</sup> | 11.949% | 01/25/29 | 2000000 | 2032185 |
| LHOME Mortgage Trust, Series 2024-RTL2, Class A2 <sup>(d)</sup> | 9.537% | 03/25/29 | 1500000 | 1515534 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class A2 <sup>(d)</sup> | 8.373% | 05/25/29 | 4000000 | 4045281 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A1 <sup>(d)</sup> | 5.652% | 01/25/40 | 8000000 | 8056050 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(d)</sup> | 5.952% | 01/25/40 | 8950000 | 9012431 |
| New York Mortgage Trust, Series 2024-BPL1, Class A1 <sup>(d)</sup> | 7.154% | 02/25/29 | 5750000 | 5783000 |
| New York Mortgage Trust, Series 2024-BPL1, Class A2 <sup>(d)</sup> | 8.617% | 02/25/29 | 2500000 | 2514036 |
| ROC Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(d)</sup> | 6.114% | 02/25/40 | 8000000 | 8071650 |
| ROC Securities Trust, Series 2021-RTL1, Class A2 <sup>(d)</sup> | 3.351% | 08/25/26 | 3004535 | 2998711 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class A2 <sup>(d)</sup> | 5.956% | 07/25/39 | 2000000 | 2009456 |
|  |  |  |  | 65581590 |
| **Retail - 0.2%** |  |  |  |  |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class B <br> (1\* SOFR + 145) <sup>(b)(d)</sup> | 5.815% | 02/15/40 | 2123200 | 2122046 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C <br> (1\* SOFR + 180) <sup>(b)(d)</sup> | 6.165% | 02/15/40 | 580000 | 581245 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D <br> (1\* SOFR + 250) <sup>(b)(d)</sup> | 6.865% | 02/15/40 | 2324000 | 2322735 |
|  |  |  |  | 5026026 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Second Lien - 1.6%** |  |  |  |  |
| Achieve Mortgage, Series 2024-HE2, Class A <sup>(d)</sup> | 5.350% | 10/25/39 | $3198834 | $3205857 |
| Achieve Mortgage, Series 2025-HE1, Class A <sup>(d)</sup> | 5.920% | 03/25/55 | 4923161 | 5005075 |
| HTAP Trust, Series 2024-1, Class A <sup>(d)</sup> | 7.000% | 04/25/37 | 5958436 | 5995037 |
| HTAP Trust, Series 2024-1, Class B <sup>(d)</sup> | 7.500% | 04/25/37 | 2630000 | 2574371 |
| HTAP Trust, Series 2024-2, Class A <sup>(d)</sup> | 6.500% | 04/25/42 | 10201330 | 10172708 |
| Point Securitization Trust, Series 2024-1, Class A1 <sup>(d)</sup> | 6.500% | 06/25/54 | 4257476 | 4258606 |
| Point Securitization Trust, Series 2025-1, Class A1 <sup>(d)</sup> | 6.250% | 06/25/55 | 2824463 | 2824890 |
| Unlock HEA Trust, Series 24-1, Class A <sup>(d)</sup> | 7.000% | 04/25/39 | 8443627 | 8464386 |
| Unlock HEA Trust, Series 2024-2, Class A <sup>(d)</sup> | 6.500% | 10/25/39 | 4471634 | 4463501 |
|  |  |  |  | 46964431 |
| **Single Family Rental - 1.1%** |  |  |  |  |
| American Homes 4 Rent, Series 2015-SFR2, Class A <sup>(d)</sup> | 3.732% | 10/17/52 | 3714367 | 3707100 |
| Home Partners of America Trust, Series 2019-1, Class B <sup>(d)</sup> | 3.157% | 09/17/39 | 457309 | 445443 |
| Home Partners of America Trust, Series 2019-2, Class B <sup>(d)</sup> | 2.922% | 10/19/39 | 4121329 | 4006655 |
| Progress Residential Trust, Series 2021-SFR3, Class E2 <sup>(d)</sup> | 2.688% | 05/17/26 | 2292061 | 2270580 |
| Progress Residential Trust, Series 2024-SFR5, Class E1 <sup>(d)</sup> | 3.375% | 08/09/29 | 3000000 | 2772424 |
| Progress Residential Trust, Series 2021-SFR5, Class E1 <sup>(d)</sup> | 2.209% | 07/17/38 | 2500000 | 2443258 |
| Progress Residential Trust, Series 2021-SFR5, Class E2 <sup>(d)</sup> | 2.359% | 07/17/38 | 3600000 | 3519003 |
| Progress Residential Trust, Series 2023-SFR2, Class E1 <sup>(d)</sup> | 4.750% | 10/17/40 | 2000000 | 1958737 |
| Progress Residential Trust, Series 2024-SFR2, Class E1 <sup>(d)</sup> | 3.400% | 04/17/41 | 2000000 | 1853567 |
| Progress Residential Trust, Series 2024-SFR2, Class E2 <sup>(d)</sup> | 3.650% | 04/17/41 | 1500000 | 1388952 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Single Family Rental - 1.1% (Continued)** |  |  |  |  |
| Progress Residential Trust, Series 2025-SFR1, Class D <sup>(d)</sup> | 3.650% | 02/17/42 | $4500000 | $4204353 |
| Progress Residential Trust, Series 2025-SFR1, Class E1 <sup>(d)</sup> | 3.750% | 02/17/42 | 3600000 | 3337778 |
| Tricon American Homes Trust, Series 2020-SFR1, Class A <sup>(d)</sup> | 1.499% | 07/17/38 | 1270031 | 1242739 |
|  |  |  |  | 33150589 |
| **Small Business - 0.8%** |  |  |  |  |
| Credibility Asset Securitization, Series 2024-1A, Class A <sup>(d)</sup> | 6.440% | 11/15/29 | 4000000 | 4053836 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class A <sup>(d)</sup> | 5.490% | 09/10/31 | 4700000 | 4721213 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class C <sup>(d)</sup> | 7.150% | 09/10/31 | 4000000 | 4028975 |
| Kapitus Asset Securitization, LLC, Series 2024-4, Class C <sup>(d)</sup> | 7.150% | 09/10/31 | 350000 | 352535 |
| Newtek Alternative Loan Program, Series 2024-1, Class B <sup>(d)</sup> | 7.710% | 12/27/49 | 2896770 | 2933795 |
| Newtek Small Business Loan Trust, Series 2022-1, Class B <br> (1\* SOFR + 375) <sup>(b)(d)</sup> | 7.500% | 10/25/49 | 723606 | 714871 |
| Newtek Small Business Loan Trust, Series 2023-1, Class B <br> (1\* Prime + 75) <sup>(b)(d)</sup> | 8.000% | 07/25/50 | 1941601 | 1928515 |
| OnDeck Asset Securitization Trust, Series 2024-2A, Class B <sup>(d)</sup> | 5.420% | 10/17/31 | 1300000 | 1302412 |
| RFS Asset Securitization II, LLC, Series 2024-1, Class C <sup>(d)</sup> | 8.349% | 07/15/31 | 2000000 | 2044881 |
|  |  |  |  | 22081033 |
| **Student Loan - 0.4%** |  |  |  |  |
| Ascent Career Funding Trust, Series 2024-1A, Class A <sup>(d)</sup> | 6.770% | 10/25/32 | 2034014 | 2047922 |
| Ascent Career Funding Trust, Series 2024-1A, Class B <sup>(d)</sup> | 9.730% | 10/25/32 | 2000000 | 2058198 |
| Bayview Opportunity Master Fund, Series 2025-EDU1, Class D <br> (1\* SOFR30A + 225) <sup>(b)(d)</sup> | 6.583% | 07/27/48 | 4200000 | 4200000 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Student Loan - 0.4% (Continued)** |  |  |  |  |
| College Ave Student Loans, Series 2018-A, Class B <sup>(d)</sup> | 4.750% | 12/26/47 | $37457 | $37087 |
| College Ave Student Loans, Series 2018-A, Class C <sup>(d)</sup> | 5.500% | 12/26/47 | 31815 | 31328 |
| College Ave Student Loans, Series 2019-A, Class C <sup>(d)</sup> | 4.460% | 12/28/48 | 106156 | 103762 |
| College Ave Student Loans, Series 2019-A, Class A1 (1\* SOFR + 140) <sup>(b)(d)</sup> | 5.837% | 12/28/48 | 61665 | 61853 |
| College Ave Student Loans, Series 2021-A, Class B <sup>(d)</sup> | 2.320% | 07/25/51 | 296018 | 275236 |
| College Ave Student Loans, Series 2021-A, Class D <sup>(d)</sup> | 4.120% | 07/25/51 | 225957 | 217260 |
| Prodigy Finance, Series 2021-1A, Class A (1\* TSFR1M + 136) <sup>(b)(d)</sup> | 5.696% | 07/25/51 | 138449 | 138321 |
| SMB Private Education Loan Trust, Series 2018-C, Class B <sup>(d)</sup> | 4.000% | 11/17/42 | 200000 | 195678 |
| Social Professional Loan Program, Series 2020-A, Class BFX <sup>(d)</sup> | 3.120% | 05/15/46 | 425000 | 374357 |
| Social Professional Loan Program, Series 2018-D, Class BFX <sup>(d)</sup> | 4.140% | 02/25/48 | 500000 | 483312 |
| Social Professional Loan Program, Series 2019-B, Class BFX <sup>(d)</sup> | 3.730% | 08/17/48 | 750000 | 703292 |
| Social Professional Loan Program, Series 2019-C, Class BFX <sup>(d)</sup> | 3.050% | 11/16/48 | 1669000 | 1500121 |
|  |  |  |  | 12427727 |
| **Unsecured Consumer - 4.4%** |  |  |  |  |
| ACHV ABS Trust, Series 2023-3PL, Class D <sup>(d)</sup> | 8.360% | 08/19/30 | 2323348 | 2354198 |
| ACHV ABS Trust, Series 2024-3AL, Class D <sup>(d)</sup> | 6.750% | 12/26/31 | 3160441 | 3206348 |
| Affirm, Inc., Series 2022-Z1, Class B <sup>(d)</sup> | 6.490% | 06/15/27 | 569173 | 570879 |
| Affirm, Inc., Series 2025-X1, Class D <sup>(d)</sup> | 6.110% | 04/15/30 | 5750000 | 5779337 |
| AMCR ABS Trust, Series 2023-1, Class B <sup>(d)</sup> | 8.700% | 01/21/31 | 1719838 | 1734906 |
| AMCR ABS Trust, Series 2024-A, Class A <sup>(d)</sup> | 6.260% | 08/18/31 | 328490 | 329657 |
| Bankers Healthcare Group Securitization Trust, Series 2023-B, <br> Class C <sup>(d)</sup> | 8.150% | 12/17/36 | 1000000 | 1045847 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 4.4% (Continued)** |  |  |  |  |
| Cherry Securitization Trust, Series 2024-1A, Class A <sup>(d)</sup> | 5.700% | 04/15/32 | $2750000 | $2776166 |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(d)</sup> | 6.130% | 11/15/32 | 12400000 | 12601367 |
| Freedom Financial Trust, Series 2022-3FP, Class D <sup>(d)</sup> | 7.360% | 08/20/29 | 2002133 | 2014613 |
| Lendmark Funding Trust, Series 2020-2, Class B <sup>(d)</sup> | 3.540% | 04/21/31 | 1195000 | 1168812 |
| Lendmark Funding Trust, Series 2020-2A, Class C <sup>(d)</sup> | 4.690% | 04/21/31 | 550000 | 540268 |
| Lendmark Funding Trust, Series 2021-1A, Class C <sup>(d)</sup> | 3.410% | 11/20/31 | 750000 | 714849 |
| Lendmark Funding Trust, Series 2025-2A, Class D <sup>(d)</sup> | 5.980% | 10/20/34 | 7800000 | 7846772 |
| Mariner Finance Issuance Trust, Series 2021-AA, Class D <sup>(d)</sup> | 4.340% | 03/20/36 | 1000000 | 965464 |
| Mariner Finance Issuance Trust, Series 2024-AA, Class D <sup>(d)</sup> | 6.770% | 09/22/36 | 3250000 | 3335384 |
| Oportun Funding, LLC, Series 2024-3, Class C <sup>(d)</sup> | 6.250% | 08/15/29 | 1725000 | 1736873 |
| Oportun Funding, LLC, Series 2024-1A, Class B <sup>(d)</sup> | 6.546% | 04/08/31 | 719444 | 719684 |
| Oportun Funding, LLC, Series 2024-1A, Class C <sup>(d)</sup> | 7.421% | 04/08/31 | 1000000 | 1003389 |
| Oportun Funding, LLC, Series 2021-B, Class A <sup>(d)</sup> | 1.470% | 05/08/31 | 876178 | 858499 |
| Oportun Funding, LLC, Series 2021-B, Class C <sup>(d)</sup> | 3.650% | 05/08/31 | 1995950 | 1976201 |
| Oportun Funding, LLC, Series 2021-C, Class A <sup>(d)</sup> | 2.180% | 10/08/31 | 1010942 | 991873 |
| Oportun Funding, LLC, Series 2021-C, Class B <sup>(d)</sup> | 2.670% | 10/08/31 | 1677447 | 1648286 |
| Oportun Funding, LLC, Series 2025-A, Class C <sup>(d)</sup> | 5.890% | 02/08/33 | 3840000 | 3845622 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 4.4% (Continued)** |  |  |  |  |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(d)</sup> | 5.910% | 07/08/33 | $3300000 | $3313549 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class A <sup>(d)</sup> | 6.660% | 07/15/31 | 492029 | 495257 |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class C <sup>(d)</sup> | 7.573% | 08/15/31 | 2060527 | 2080912 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class D <sup>(d)</sup> | 6.282% | 07/15/32 | 4699599 | 4747858 |
| Pagaya AI Debt Selection Trust, Series 2025-5, Class B <sup>(d)</sup> | 5.440% | 03/15/33 | 7775000 | 7837017 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class A <sup>(d)</sup> | 5.715% | 01/20/34 | 5500000 | 5564401 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class D <sup>(d)</sup> | 6.739% | 01/20/34 | 2500000 | 2527533 |
| RCKT Trust, Series 2025-1A, Class C <sup>(d)</sup> | 5.160% | 07/25/34 | 4050000 | 4073817 |
| RCKT Trust, Series 2025-1A, Class D <sup>(d)</sup> | 5.420% | 07/25/34 | 1850000 | 1862432 |
| Reach Financial, LLC, Series 2024-1A, Class B <sup>(d)</sup> | 6.290% | 02/18/31 | 3000000 | 3028782 |
| Reach Financial, LLC, Series 2024-1A, Class C <sup>(d)</sup> | 6.900% | 02/18/31 | 1150000 | 1185540 |
| Reach Financial, LLC, Series 2025-1A, Class B <sup>(d)</sup> | 5.340% | 08/16/32 | 4500000 | 4566919 |
| Reach Financial, LLC, Series 2025-1A, Class C <sup>(d)</sup> | 5.990% | 08/16/32 | 1800000 | 1832335 |
| Regional Management Issuance Trust, Series 2021-1, Class C <sup>(d)</sup> | 3.040% | 03/17/31 | 1148731 | 1143632 |
| Regional Management Issuance Trust, Series 2021-2, Class C <sup>(d)</sup> | 3.230% | 08/15/33 | 650000 | 610847 |
| Republic Finance Issuance Trust, Series 2024-A, Class C <sup>(d)</sup> | 8.350% | 08/20/32 | 1750000 | 1795268 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST2, Class NT <sup>(d)</sup> | 6.110% | 06/15/32 | 7817788 | 7909185 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(d)</sup> | 5.254% | 09/15/32 | 5500000 | 5516144 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 4.4% (Continued)** |  |  |  |  |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(d)</sup> | 5.923% | 09/15/32 | $10450000 | $10527722 |
| Upstart Pass-Through Trust, Series 2021-ST4, Class A <sup>(d)</sup> | 2.000% | 07/20/27 | 70141 | 70018 |
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A <sup>(d)</sup> | 4.250% | 06/17/30 | 200060 | 199301 |
|  |  |  |  | 130653763 |
| **Total Securitized** (Cost $1,788,562,114) |  |  |  | $1795801796 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.1%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury Notes <sup>(a)</sup> | 1.625% | 02/15/26 | $5000000 | $4957227 |
| U.S. Treasury STRIPS | 0.125% | 04/15/26 | 6158850 | 6126312 |
| U.S. Treasury Notes | 2.250% | 08/15/27 | 2000000 | 1950391 |
| U.S. Treasury Notes | 0.500% | 10/31/27 | 11000000 | 10318516 |
| U.S. Treasury Notes | 1.250% | 09/30/28 | 30000000 | 27982031 |
| U.S. Treasury Notes <sup>(a)</sup> | 3.875% | 11/30/29 | 17600000 | 17713437 |
| U.S. Treasury Notes | 0.625% | 08/15/30 | 71000000 | 61212539 |
| U.S. Treasury STRIPS | 0.000% | 11/15/31 | 5000000 | 3925929 |
| U.S. Treasury STRIPS | 0.000% | 02/15/33 | 2000000 | 1482268 |
| U.S. Treasury STRIPS | 0.000% | 05/15/33 | 2100000 | 1538062 |
| U.S. Treasury STRIPS | 0.000% | 08/15/33 | 7000000 | 5066356 |
| U.S. Treasury Notes <sup>(a)</sup> | 4.000% | 02/15/34 | 60000000 | 59842969 |
| U.S. Treasury STRIPS | 0.000% | 08/15/34 | 12000000 | 8257150 |
| U.S. Treasury STRIPS | 0.000% | 11/15/34 | 5000000 | 3396014 |
| U.S. Treasury STRIPS | 0.000% | 05/15/35 | 5000000 | 3308987 |
| U.S. Treasury STRIPS | 0.000% | 02/15/36 | 15000000 | 9539285 |
| U.S. Treasury STRIPS | 0.000% | 02/15/37 | 15000000 | 9061171 |
| U.S. Treasury STRIPS | 0.000% | 02/15/38 | 40000000 | 22857839 |
| U.S. Treasury STRIPS | 0.000% | 11/15/38 | 40000000 | 21931697 |
| U.S. Treasury Bonds | 1.125% | 08/15/40 | 60000000 | 37837500 |
| U.S. Treasury Bonds | 1.375% | 11/15/40 | 45000000 | 29358985 |
| U.S. Treasury STRIPS | 0.000% | 08/15/41 | 15000000 | 7023471 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury STRIPS | 0.625% | 02/15/43 | $33720720 | $25592186 |
| U.S. Treasury STRIPS | 0.000% | 08/15/43 | 15000000 | 6255856 |
| U.S. Treasury Bonds | 2.250% | 08/15/46 | 60000000 | 40031250 |
| U.S. Treasury Bonds | 3.000% | 02/15/48 | 144500000 | 109120078 |
| U.S. Treasury Bonds | 1.250% | 05/15/50 | 20000000 | 9810156 |
| U.S. Treasury Bonds | 1.625% | 11/15/50 | 85000000 | 45607813 |
| **Total Treasury** (Cost $604,614,480) |  |  |  | $591105475 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 5.0%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(g)</sup> | 105217291 | $105217291 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(g)(h)</sup> | 42922155 | 42922155 |
| **Total Registered Investment Companies** (Cost $148,139,446) |  | $148139446 |
| **Total Investment Securities - 101.2%** (Cost $2,975,883,119) |  | $2976545870 |
| **Liabilities in Excess of Other Assets - (1.2)%** |  | (35637115) |
| **Net Assets - 100.0%** |  | $2940908755 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $95,320,882.

<sup>(b)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. 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.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

<sup>(d)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $967,749,527, representing 32.9% of net assets.

<sup>(e)</sup> Illiquid security as determined under procedures approved by the Board of Trustees. The total value of these securities as of September 30, 2025 was $10,759,680 representing 0.4% of net assets.

<sup>(f)</sup> Non-income producing security - security in default.

<sup>(g)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(h)</sup> 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 $56,055,129.

BV - Besloten Vennootschap

CV - Convertible Security

IO - Interest Only

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 SOFR

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 4.0%** | **Banking - 4.0%** | **Banking - 4.0%** | | |
| American Express Co. <sup>(a)</sup> | 5.085% | 01/30/31 | $25000 | $25775 |
| Bank of America Corp. | 3.194% | 07/23/30 | 250000 | 240799 |
| Bank of America Corp. <sup>(a)</sup> | 2.687% | 04/22/32 | 150000 | 136647 |
| Bank of America Corp., Series N <sup>(a)</sup> | 2.972% | 02/04/33 | 80000 | 72851 |
| Bank of New York Mellon Corp. (The) | 5.225% | 11/20/35 | 50000 | 51648 |
| Bank of New York Mellon Corp. (The), Series J <sup>(b)</sup> | 5.316% | 06/06/36 | 75000 | 77601 |
| Bank OZK (TSFR3M + 209) <sup>(a)</sup> | 2.750% | 10/01/31 | 100000 | 92734 |
| Capital One Financial Corp. | 3.273% | 03/01/30 | 100000 | 96371 |
| Capital One Financial Corp. | 5.197% | 09/11/36 | 40000 | 39560 |
| Citigroup, Inc. | 1.462% | 06/09/27 | 100000 | 98098 |
| Citigroup, Inc. <sup>(a)</sup> | 2.666% | 01/29/31 | 250000 | 232394 |
| Citigroup, Inc. <sup>(a)</sup> | 2.561% | 05/01/32 | 50000 | 45065 |
| Citigroup, Inc. <sup>(a)(b)</sup> | 3.057% | 01/25/33 | 125000 | 113798 |
| Goldman Sachs Group, Inc. (The) | 4.692% | 10/23/30 | 200000 | 202549 |
| Goldman Sachs Group, Inc. (The) <sup>(a)</sup> | 1.992% | 01/27/32 | 40000 | 35297 |
| Huntington Bancshares <sup>(a)</sup> | 5.272% | 01/15/31 | 50000 | 51533 |
| JPMorgan Chase & Co. (1\* TSFR3M + 121) <sup>(a)</sup> | 3.509% | 01/23/29 | 80000 | 78946 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 4.603% | 10/22/30 | 250000 | 252923 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 1.953% | 02/04/32 | 500000 | 441984 |
| KeyCorp <sup>(b)</sup> | 4.789% | 06/01/33 | 100000 | 99662 |
| Morgan Stanley <sup>(a)(b)</sup> | 4.654% | 10/18/30 | 200000 | 202186 |
| Morgan Stanley, Series GMTN (1\* SOFR + 114) <sup>(a)</sup> | 2.699% | 01/22/31 | 375000 | 350413 |
| PNC Financial Services Group, Inc. (The) <sup>(a)</sup> | 6.037% | 10/28/33 | 75000 | 80927 |
| Royal Bank of Canada <sup>(b)</sup> | 4.522% | 10/18/28 | 50000 | 50414 |
| State Street Corp. | 4.330% | 10/22/27 | 100000 | 100914 |
| Toronto-Dominion Bank (The) | 4.861% | 01/31/28 | 75000 | 76311 |
| Truist Financial Corp., Series I <sup>(b)</sup> | 5.071% | 05/20/31 | 50000 | 51265 |
| US Bancorp | 2.677% | 01/27/33 | 175000 | 156567 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 2.572% | 02/11/31 | 100000 | 92933 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 5.211% | 12/03/35 | 100000 | 102174 |
| Western Alliance Bancorp | 3.000% | 06/15/31 | 50000 | 48495 |
|  |  |  |  | 3798834 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Basic Industry - 0.4%** |  |  |  |  |
| Celanese US Holdings, LLC <sup>(b)</sup> | 6.750% | 04/15/33 | $30000 | $29873 |
| CVR Partners, LP <sup>(c)</sup> | 6.125% | 06/15/28 | 75000 | 74879 |
| FMC Corp. <sup>(a)</sup> | 8.450% | 11/01/55 | 100000 | 105538 |
| Huntsman International, LLC | 5.700% | 10/15/34 | 35000 | 31898 |
| Tronox, Inc. <sup>(b)(c)</sup> | 9.125% | 09/30/30 | 150000 | 146958 |
|  |  |  |  | 389146 |
| **Brokerage Asset Managers Exchanges - 0.3%** |  |  |  |  |
| Osaic Holdings, Inc. <sup>(c)</sup> | 6.750% | 08/01/32 | 75000 | 77463 |
| Osaic Holdings, Inc. <sup>(c)</sup> | 8.000% | 08/01/32 | 75000 | 77730 |
| StoneX Escrow Issuer, LLC <sup>(c)</sup> | 6.875% | 07/15/32 | 100000 | 102932 |
|  |  |  |  | 258125 |
| **Capital Goods - 0.9%** |  |  |  |  |
| Bluelinx Holdings, Inc. <sup>(c)</sup> | 6.000% | 11/15/29 | 50000 | 49223 |
| Caterpillar, Inc. | 5.200% | 05/15/35 | 50000 | 51730 |
| John Deere Capital Corp. | 4.400% | 09/08/31 | 100000 | 100680 |
| Johnson Controls International plc | 4.900% | 12/01/32 | 50000 | 50912 |
| L3 Harris Technologies, Inc. | 1.800% | 01/15/31 | 70000 | 61623 |
| Queen MergerCo, Inc. <sup>(c)</sup> | 6.750% | 04/30/32 | 100000 | 103540 |
| Republic Services, Inc. <sup>(b)</sup> | 2.375% | 03/15/33 | 65000 | 56692 |
| RTX Corp. | 2.375% | 03/15/32 | 100000 | 88354 |
| Standard Building Solutions, Inc. <sup>(c)</sup> | 6.250% | 08/01/33 | 100000 | 101339 |
| Textron Financial Corp. (1\* TSFR3M + 200) <sup>(a)(c)</sup> | 6.323% | 02/15/42 | 125000 | 112950 |
| Waste Management, Inc. <sup>(b)</sup> | 4.950% | 03/15/35 | 50000 | 50749 |
|  |  |  |  | 827792 |
| **Communications - 0.6%** |  |  |  |  |
| AT&T, Inc. | 2.550% | 12/01/33 | 75000 | 63863 |
| Comcast Corp. <sup>(b)</sup> | 4.950% | 05/15/32 | 25000 | 25634 |
| Deluxe Corp. <sup>(c)</sup> | 8.125% | 09/15/29 | 75000 | 78316 |
| Getty Images, Inc. <sup>(c)</sup> | 11.250% | 02/21/30 | 100000 | 95493 |
| Snap, Inc. <sup>(c)</sup> | 6.875% | 03/01/33 | 75000 | 76657 |
| Telus Corp. <sup>(a)</sup> | 7.000% | 10/15/55 | 100000 | 105442 |
| T-Mobile USA, Inc. <sup>(b)</sup> | 5.050% | 07/15/33 | 100000 | 102146 |
|  |  |  |  | 547551 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Cyclical - 2.8%** |  |  |  |  |
| Advance Auto Parts, Inc. <sup>(c)</sup> | 7.375% | 08/01/33 | $75000 | $77344 |
| American Honda Finance | 4.450% | 10/22/27 | 100000 | 100861 |
| American Honda Finance <sup>(b)</sup> | 4.250% | 09/01/28 | 20000 | 20051 |
| ANGI Group, LLC <sup>(c)</sup> | 3.875% | 08/15/28 | 75000 | 70489 |
| Aptiv plc / Aptiv Global Financing DAC <sup>(a)</sup> | 6.875% | 12/15/54 | 200000 | 204330 |
| Bath & Body Works, Inc. | 6.875% | 11/01/35 | 70000 | 72802 |
| Champions Financing, Inc. <sup>(b)(c)</sup> | 8.750% | 02/15/29 | 20000 | 19315 |
| CVS Health Corp. | 3.750% | 04/01/30 | 100000 | 96871 |
| Dollar Tree, Inc. | 4.200% | 05/15/28 | 100000 | 99735 |
| Dream Finders Home, Inc. <sup>(c)</sup> | 6.875% | 09/15/30 | 125000 | 125744 |
| EZCorp, Inc. <sup>(c)</sup> | 7.375% | 04/01/32 | 100000 | 106548 |
| Ford Motor Co., Class B | 3.250% | 02/12/32 | 85000 | 74373 |
| Garrett Motion Holdings, Inc. <sup>(c)</sup> | 7.750% | 05/31/32 | 70000 | 73430 |
| General Motors Financial Co., Inc. <sup>(b)</sup> | 5.900% | 01/07/35 | 50000 | 51587 |
| Great Canadian Gaming Co. <sup>(c)</sup> | 8.750% | 11/15/29 | 100000 | 98884 |
| Hyundai Capital America <sup>(c)</sup> | 5.400% | 06/24/31 | 100000 | 102999 |
| Hyundai Capital America, Series A <sup>(c)</sup> | 4.750% | 09/26/31 | 75000 | 75145 |
| K Hovnanian Enterprises, Inc. <sup>(c)</sup> | 8.000% | 04/01/31 | 100000 | 102543 |
| K Hovnanian Enterprises, Inc. <sup>(b)(c)</sup> | 8.375% | 10/01/33 | 100000 | 102525 |
| Lowe's Cos., Inc. | 2.800% | 09/15/41 | 125000 | 90509 |
| Millrose Properties, Inc. <sup>(c)</sup> | 6.375% | 08/01/30 | 100000 | 101699 |
| Mohegan Tribal Gaming Authority / MS Digital <sup>(c)</sup> | 8.250% | 04/15/30 | 60000 | 62342 |
| Mohegan Tribal Gaming Authority / MS Digital <sup>(c)</sup> | 11.875% | 04/15/31 | 40000 | 41928 |
| New Flyer Holdings, Inc. <sup>(c)</sup> | 9.250% | 07/01/30 | 100000 | 107037 |
| Target Corp. | 5.000% | 04/15/35 | 50000 | 50623 |
| Toyota Motor Credit Corp | 4.650% | 09/03/32 | 20000 | 20136 |
| Toyota Motor Credit Corp., Series B <sup>(b)</sup> | 5.350% | 01/09/35 | 50000 | 52287 |
| Under Armour, Inc. <sup>(c)</sup> | 7.250% | 07/15/30 | 150000 | 149815 |
| VF Corp. | 6.450% | 11/01/37 | 100000 | 93970 |
| Victoria's Secret & Co. <sup>(c)</sup> | 4.625% | 07/15/29 | 50000 | 47727 |
| Victra Holdings, LLC <sup>(b)(c)</sup> | 8.750% | 09/15/29 | 100000 | 104837 |
| Wayfair, LLC <sup>(c)</sup> | 7.250% | 10/31/29 | 70000 | 72173 |
|  |  |  |  | 2670659 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Non-Cyclical - 1.2%** |  |  |  |  |
| AbbVie, Inc. | 4.950% | 03/15/31 | $100000 | $103363 |
| AMN Healthcare, Inc. <sup>(c)</sup> | 6.500% | 01/15/31 | 100000 | 100309 |
| Champ Acquisition Corp. <sup>(c)</sup> | 8.375% | 12/01/31 | 70000 | 74419 |
| Global Medical Response, Inc. <sup>(c)</sup> | 7.375% | 10/01/32 | 100000 | 102931 |
| Kroger Co. (The) <sup>(b)</sup> | 1.700% | 01/15/31 | 50000 | 43688 |
| Land O Lakes Capital Trust I <sup>(c)</sup> | 7.450% | 03/15/28 | 50000 | 51571 |
| Pfizer, Inc. | 7.200% | 03/15/39 | 50000 | 60047 |
| Phillip Morris International, Inc. | 5.375% | 02/15/33 | 125000 | 130539 |
| Turning Point Brands, Inc. <sup>(c)</sup> | 7.625% | 03/15/32 | 100000 | 105820 |
| U.S. Acute Care Solutions, LLC <sup>(c)</sup> | 9.750% | 05/15/29 | 150000 | 153597 |
| Viking Baked Goods Acquisition Corp. <sup>(b)(c)</sup> | 8.625% | 11/01/31 | 110000 | 110024 |
| Whirlpool Corp. | 6.500% | 06/15/33 | 100000 | 99794 |
|  |  |  |  | 1136102 |
| **Electric - 0.9%** |  |  |  |  |
| Algonquin Power & Utilities Corp., Series 2022-B <sup>(a)</sup> | 4.750% | 01/18/82 | 120000 | 117090 |
| Dominion Energy South Carolina, Inc., Series A | 5.300% | 01/15/35 | 50000 | 51633 |
| Duke Energy Carolinas, LLC | 5.250% | 03/15/35 | 100000 | 103481 |
| Duke Energy Corp. <sup>(b)</sup> | 4.950% | 09/15/35 | 30000 | 29803 |
| Florida Power & Light Co. | 3.800% | 12/15/42 | 50000 | 41344 |
| NextEra Energy Operating Partners, LP <sup>(b)(c)</sup> | 7.250% | 01/15/29 | 75000 | 77004 |
| NYSEG Storm Funding, LLC, Series 2025-A | 4.713% | 05/01/31 | 150000 | 151216 |
| Public Service Electric & Gas Co. | 4.900% | 08/15/35 | 90000 | 90698 |
| Swepco Storm Recovery Funding, LLC, Series 2024-A | 4.880% | 09/01/39 | 125697 | 126324 |
| Transalta Corp. | 6.500% | 03/15/40 | 100000 | 99253 |
|  |  |  |  | 887846 |
| **Energy - 1.8%** |  |  |  |  |
| Altagas Ltd. <sup>(a)(c)</sup> | 7.200% | 10/15/54 | 100000 | 103441 |
| BP Capital Markets America, Inc. | 4.812% | 02/13/33 | 50000 | 50588 |
| CHC Group, LLC <sup>(c)</sup> | 11.750% | 09/01/30 | 125000 | 123249 |
| Civitas Resources, Inc. <sup>(c)</sup> | 9.625% | 06/15/33 | 50000 | 52810 |
| Energy Transfer, LP | 5.600% | 09/01/34 | 150000 | 153947 |
| Excelerate Energy, LP <sup>(c)</sup> | 8.000% | 05/15/30 | 150000 | 159670 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Energy - 1.8% (Continued)** |  |  |  |  |
| Global Partners, LP / GLP Finance Corp. <sup>(c)</sup> | 7.125% | 07/01/33 | $100000 | $102498 |
| Helmerich & Payne, Inc. <sup>(b)</sup> | 4.650% | 12/01/27 | 50000 | 50214 |
| HF Sinclair Corp. | 5.750% | 01/15/31 | 100000 | 103503 |
| Hilcorp Energy I, LP / Hilcorp Finance Co. <sup>(c)</sup> | 7.250% | 02/15/35 | 50000 | 48864 |
| MPLX, LP | 5.500% | 06/01/34 | 42000 | 42802 |
| Phillips 66 Co. <sup>(b)</sup> | 4.950% | 03/15/35 | 50000 | 49491 |
| SESI, LLC <sup>(c)</sup> | 7.875% | 09/30/30 | 125000 | 125000 |
| Sunoco, LP <sup>(c)</sup> | 5.875% | 03/15/34 | 150000 | 148701 |
| TransCanada Pipelines Ltd. | 7.000% | 06/01/65 | 75000 | 77067 |
| Transmontaigne Partners, LLC <sup>(c)</sup> | 8.500% | 06/15/30 | 75000 | 78152 |
| Valero Energy Corp. | 5.150% | 02/15/30 | 25000 | 25735 |
| Weatherford International Ltd. <sup>(c)</sup> | 6.750% | 10/15/33 | 200000 | 200139 |
|  |  |  |  | 1695871 |
| **Finance Companies - 0.8%** |  |  |  |  |
| Atlanticus Holdings Corp. <sup>(c)</sup> | 9.750% | 09/01/30 | 50000 | 49681 |
| Bread Financial Holdings, Inc. <sup>(c)</sup> | 8.375% | 06/15/35 | 50000 | 51342 |
| Freedom Mortgage Holdings, LLC <sup>(c)</sup> | 7.875% | 04/01/33 | 100000 | 103018 |
| LFS Topco, LLC <sup>(c)</sup> | 8.750% | 07/15/30 | 100000 | 100451 |
| Pennymac Financial Services, Inc. <sup>(c)</sup> | 6.750% | 02/15/34 | 100000 | 102009 |
| PROG Holdings, Inc. <sup>(c)</sup> | 6.000% | 11/15/29 | 100000 | 98208 |
| Prospect Capital Corp. <sup>(b)</sup> | 3.364% | 11/15/26 | 75000 | 72490 |
| Provident Funding Associates, LP / PFG Finance Corp. <sup>(c)</sup> | 9.750% | 09/15/29 | 70000 | 73964 |
| TrueNoord Capital DAC <sup>(c)</sup> | 8.750% | 03/01/30 | 75000 | 79687 |
|  |  |  |  | 730850 |
| **Financial-Other - 0.7%** |  |  |  |  |
| Burford Capital Global Finance, LLC <sup>(c)</sup> | 7.500% | 07/15/33 | 200000 | 203520 |
| Icahn Enterprises, LP <sup>(c)</sup> | 10.000% | 11/15/29 | 100000 | 100442 |
| Ion Platform Finance US, Inc. <sup>(c)</sup> | 7.875% | 09/30/32 | 200000 | 198686 |
| PPH Escrow Issuer, LLC <sup>(c)</sup> | 9.875% | 11/01/29 | 100000 | 101363 |
|  |  |  |  | 604011 |
| **Industrials-Other - 0.1%** |  |  |  |  |
| Brundage-Bone Concrete Pumping Holdings, Inc. <sup>(c)</sup> | 7.500% | 02/01/32 | 100000 | 101035 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 2.1%** | **Insurance - 2.1%** | **Insurance - 2.1%** | | |
| Anthem, Inc. | 4.600% | 09/15/32 | $90000 | $89453 |
| APH Somerset Investment II, LLC <sup>(c)</sup> | 7.875% | 11/01/29 | 100000 | 104362 |
| Equitable Financial Life Global Funding <sup>(c)</sup> | 1.800% | 03/08/28 | 25000 | 23603 |
| Equitable Financial Life Global Funding <sup>(c)</sup> | 5.000% | 03/27/30 | 25000 | 25616 |
| Jackson National Life Global Funding <sup>(c)</sup> | 4.900% | 01/13/27 | 150000 | 151227 |
| Jackson National Life Global Funding <sup>(c)</sup> | 4.550% | 09/09/30 | 20000 | 20020 |
| Lincoln Financial Global Funding <sup>(c)</sup> | 4.625% | 08/18/30 | 40000 | 40241 |
| MassMutual Global Funding <sup>(c)</sup> | 5.150% | 05/30/29 | 200000 | 206126 |
| Met Life Global Funding I <sup>(b)(c)</sup> | 5.050% | 01/08/34 | 150000 | 153247 |
| Nassau Cos. of NY <sup>(c)</sup> | 7.875% | 07/15/30 | 125000 | 127664 |
| New York Life Global Funding <sup>(c)</sup> | 4.600% | 12/05/29 | 100000 | 101566 |
| Northwestern Mutual Global, Series 2025-1 <sup>(c)</sup> | 4.960% | 01/13/30 | 100000 | 102558 |
| Northwestern Mutual Global Funding <sup>(c)</sup> | 5.160% | 05/28/31 | 50000 | 51888 |
| Pacific Life Global Fund II <sup>(c)</sup> | 1.450% | 01/20/28 | 100000 | 94259 |
| Pricoa Global Funding I <sup>(b)(c)</sup> | 5.350% | 05/28/35 | 150000 | 155500 |
| Principal Life Global Funding II, Series 50 <sup>(c)</sup> | 4.800% | 01/09/28 | 100000 | 101295 |
| Protective Life Global Funding <sup>(c)</sup> | 4.772% | 12/09/29 | 150000 | 152717 |
| Protective Life Global Funding <sup>(c)</sup> | 5.432% | 01/14/32 | 150000 | 156081 |
| UnitedHealth Group, Inc. <sup>(b)</sup> | 5.000% | 04/15/34 | 100000 | 101567 |
|  |  |  |  | 1958990 |
| **Natural Gas - 0.2%** |  |  |  |  |
| Sempra Energy <sup>(a)</sup> | 6.400% | 10/01/54 | 100000 | 102179 |
| Venture Global Pipelines <sup>(c)</sup> | 7.500% | 05/01/33 | 50000 | 55251 |
| Venture Global Pipelines <sup>(c)</sup> | 7.750% | 05/01/35 | 50000 | 56435 |
|  |  |  |  | 213865 |
| **Other Utility - 0.1%** |  |  |  |  |
| American Water Capital Corp. | 2.800% | 05/01/30 | 100000 | 94193 |
| **REITS - 0.1%** |  |  |  |  |
| CubeSmart, LP | 2.250% | 12/15/28 | 70000 | 65917 |
| Extra Space Storage, LP | 5.700% | 04/01/28 | 50000 | 51641 |
|  |  |  |  | 117558 |
| **Technology - 0.8%** |  |  |  |  |
| Advanced Micro Devices, Inc. | 4.319% | 03/24/28 | 50000 | 50436 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Technology - 0.8% (Continued)** |  |  |  |  |
| Alphabet, Inc. | 5.300% | 05/15/65 | $10000 | $9950 |
| Broadcom, Inc. <sup>(c)</sup> | 4.150% | 04/15/32 | 100000 | 98067 |
| Broadcom, Inc. | 4.800% | 02/15/36 | 55000 | 54832 |
| Capstone Borrower, Inc. <sup>(c)</sup> | 8.000% | 06/15/30 | 75000 | 78434 |
| Cloud Software Group, Inc. <sup>(c)</sup> | 6.625% | 08/15/33 | 75000 | 76347 |
| Crane Co. | 4.200% | 03/15/48 | 75000 | 49481 |
| Dell International, LLC / EMC Corp. | 6.020% | 06/15/26 | 50000 | 50403 |
| Oracle Corp. | 3.600% | 04/01/40 | 260000 | 208817 |
| Shift4 Payments, LLC <sup>(c)</sup> | 6.750% | 08/15/32 | 100000 | 103389 |
|  |  |  |  | 780156 |
| **Transportation - 0.6%** |  |  |  |  |
| Beacon Mobility Finance Corp. <sup>(c)</sup> | 7.250% | 08/01/30 | 175000 | 181940 |
| Latam Airlines Group SA <sup>(c)</sup> | 7.625% | 01/07/31 | 150000 | 155315 |
| Norfolk Southern Corp. | 5.100% | 05/01/35 | 75000 | 76575 |
| Ryder System, Inc. | 4.900% | 12/01/29 | 50000 | 51111 |
| United Parcel Service, Inc. <sup>(b)</sup> | 5.250% | 05/14/35 | 25000 | 25869 |
| Vistajet Malta / VM Holdings <sup>(b)(c)</sup> | 9.500% | 06/01/28 | 70000 | 72872 |
|  |  |  |  | 563682 |
| **Total Corporate Credit** (Cost $17,011,401) |  |  |  | $17376266 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.5%** | **ABS-Other - 3.5%** | **ABS-Other - 3.5%** | | |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2023-1, <br> Class A <sup>(c)</sup> | 5.520% | 02/22/55 | $81349 | $76682 |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2024-1, <br> Class A <sup>(c)</sup> | 6.250% | 06/20/57 | 177372 | 172332 |
| Helios Issuer, LLC, Series 2019-AA, Class A <sup>(c)</sup> | 3.750% | 06/20/46 | 296048 | 274754 |
| Helios Issuer, LLC, Series 2020-4, Class A <sup>(c)</sup> | 2.980% | 06/20/47 | 308893 | 274430 |
| Hero Funding Trust, Series 2016-3A, Class A1 <sup>(c)</sup> | 3.080% | 09/20/42 | 141825 | 131971 |
| Hero Funding Trust, Series 2017-3A, Class A2 <sup>(c)</sup> | 3.950% | 09/20/48 | 18429 | 17319 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.5% (Continued)** |  |  |  |  |
| Loanpal Solar Loan Ltd., Series 2020-2GF, Class B <sup>(c)</sup> | 3.860% | 07/20/47 | $278139 | $217298 |
| Loanpal Solar Loan Ltd., Series 2020-3GS, Class B <sup>(c)</sup> | 3.450% | 12/20/47 | 279498 | 210447 |
| Luminace ABS-2022 Issuer, LLC, Series 2024-1, Class B <sup>(c)</sup> | 6.960% | 10/30/31 | 119929 | 115832 |
| Mosaic Solar Loans, LLC, Series 2017-2, Class B <sup>(c)</sup> | 4.770% | 06/22/43 | 131891 | 118813 |
| Mosaic Solar Loans, LLC, Series 2022-2A, Class A <sup>(c)</sup> | 4.380% | 01/21/53 | 347155 | 320882 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class A <sup>(c)</sup> | 5.320% | 06/20/53 | 150727 | 143690 |
| Renew Financial, LLC, Series 2017-2, Class A <sup>(c)</sup> | 3.220% | 09/22/53 | 260916 | 238485 |
| Service Experts Issuer, Series 2025-1A, Class B <sup>(c)</sup> | 7.620% | 01/20/37 | 400000 | 403309 |
| US Bank NA, Series 2025-SUP2, Class D (1\* SOFR30A + 220) <sup>(a)(c)</sup> | 6.586% | 09/25/32 | 250000 | 250252 |
| US Bank NA, Series 2025-SUP2, Class E (1\* SOFR30A + 370) <sup>(a)(c)</sup> | 8.086% | 09/25/32 | 350000 | 350408 |
|  |  |  |  | 3316904 |
| **Agency CMBS - 0.5%** |  |  |  |  |
| Farmer Mac Agricultural Real Estate, Series 2022-1, Class A <sup>(c)</sup> | 2.540% | 07/25/51 | 213242 | 174252 |
| Farmer Mac Agricultural Real Estate, Series 2025-1, Class A <sup>(c)</sup> | 5.220% | 08/01/55 | 291942 | 286053 |
|  |  |  |  | 460305 |
| **Agency MBS CMO - 26.8%** |  |  |  |  |
| FHLMC, Series 4109, Class HC | 2.500% | 09/15/32 | 205151 | 195229 |
| FHLMC, Series 4613, Class AF (1\* SOFR + 110) <sup>(a)</sup> | 5.587% | 11/15/37 | 185722 | 185593 |
| FHLMC, Series 3652, Class AP | 4.500% | 03/15/40 | 91990 | 92644 |
| FHLMC, Series 3746, Class KZ | 3.500% | 07/15/40 | 126319 | 117147 |
| FHLMC, Series 5228, Class JL | 2.500% | 10/25/41 | 500000 | 419262 |
| FHLMC, Series 4143, Class AV | 2.000% | 12/15/42 | 371445 | 299488 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 26.8% (Continued)** |  |  |  |  |
| FHLMC, Series 4141, Class PL | 2.500% | 12/15/42 | $110000 | $79119 |
| FHLMC, Series 4210, Class Z | 3.000% | 05/15/43 | 254894 | 213872 |
| FHLMC, Series 4274, Class EM | 4.000% | 11/15/43 | 400000 | 371233 |
| FHLMC, Series 4487, Class TL | 3.000% | 05/15/45 | 559000 | 510595 |
| FHLMC, Series 5202, Class NK | 2.250% | 01/25/47 | 200000 | 157303 |
| FHLMC, Series 4710, Class JE | 2.750% | 06/15/47 | 191088 | 172007 |
| FHLMC, Series 4736, Class CL | 3.000% | 12/15/47 | 322000 | 281506 |
| FHLMC, Series 5227, Class BA | 3.500% | 08/25/48 | 149992 | 143361 |
| FHLMC, Series 5147, Class PA | 1.000% | 10/25/48 | 592654 | 470633 |
| FHLMC, Series 4988, Class AK | 1.000% | 07/25/50 | 484099 | 380734 |
| FHLMC, Series 5129, Class GU | 1.000% | 08/25/50 | 608645 | 464356 |
| FHLMC, Series 5013, Class ME, Pool #5013 | 1.000% | 09/25/50 | 192697 | 149861 |
| FHLMC, Series 5013, Class MC, Pool #5013 | 1.500% | 09/25/50 | 192697 | 155443 |
| FHLMC, Series 5038, Class PJ | 0.750% | 10/25/50 | 503904 | 368081 |
| FHLMC, Series 5038, Class QP | 0.750% | 10/25/50 | 325536 | 237009 |
| FHLMC, Series 5035, Class ZA | 2.000% | 11/25/50 | 553462 | 291617 |
| FHLMC, Series 5150, Class KD | 1.000% | 10/25/51 | 624502 | 502798 |
| FHLMC, Series 5156, Class GD | 2.000% | 10/25/51 | 454048 | 290341 |
| FHLMC, Series 5201, Class PY | 2.500% | 03/25/52 | 252513 | 192835 |
| FNMA, Series 2018-16, Class HW | 3.000% | 06/25/38 | 728000 | 645421 |
| FNMA, Series 2010-126, Class JU | 2.125% | 11/25/40 | 121751 | 114623 |
| FNMA, Series 2013-56, Class GZ | 4.500% | 08/25/41 | 521526 | 487836 |
| FNMA, Series 2012-42, Class PY | 3.500% | 11/25/41 | 100000 | 86487 |
| FNMA, Series 2011-116, Class ZA | 3.500% | 11/25/41 | 348478 | 333129 |
| FNMA, Series 2012-56, Class WC | 3.500% | 05/25/42 | 92000 | 83427 |
| FNMA, Series 2012-152, Class TA | 2.500% | 09/25/42 | 315768 | 289358 |
| FNMA, Series 2012-110, Class CA | 3.000% | 10/25/42 | 344425 | 318205 |
| FNMA, Series 2013-9, Class KD | 2.500% | 12/25/42 | 305000 | 231598 |
| FNMA, Series 2013-13, Class YC | 2.500% | 01/25/43 | 130027 | 117579 |
| FNMA, Series 2013-4, Class PL | 2.000% | 02/25/43 | 367000 | 276268 |
| FNMA, Series 4292, Class PB | 3.500% | 01/15/44 | 420000 | 383221 |
| FNMA, Series 2024-20, Class ZQ | 4.000% | 10/25/45 | 423281 | 375779 |
| FNMA, Series 2016-31, Class TM | 3.000% | 12/25/45 | 330000 | 299797 |
| FNMA, Series 2021-65, Class JA | 2.000% | 01/25/46 | 366760 | 330376 |
| FNMA, Series 4767, Class VX | 4.000% | 08/14/47 | 297810 | 279812 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 26.8% (Continued)** |  |  |  |  |
| FNMA, Series 2019-37, Class CA | 3.000% | 10/25/47 | $130397 | $125298 |
| FNMA, Series 2018-55, Class GA | 3.375% | 08/25/48 | 401012 | 385775 |
| FNMA, Series 2009-50, Class HZ | 5.540% | 02/25/49 | 755426 | 768153 |
| FNMA, Series 2019-69, Class JB | 3.000% | 12/25/49 | 520330 | 397097 |
| FNMA, Series 2020-92, Class NB | 1.000% | 05/25/50 | 662143 | 505624 |
| FNMA, Series 2020-47, Class GZ | 2.000% | 07/25/50 | 666368 | 408205 |
| FNMA, Series 2021-6, Class KU | 1.500% | 02/25/51 | 209827 | 120634 |
| FNMA, Series 2021-78, Class PA | 2.500% | 11/25/51 | 278484 | 246921 |
| GNMA, Series 2016-118, Class GZ | 3.000% | 02/16/40 | 281690 | 211722 |
| GNMA, Series 2023-81, Class AL | 4.500% | 08/20/40 | 575000 | 569127 |
| GNMA, Series 2012-74, Class LY | 2.500% | 06/20/42 | 260000 | 194261 |
| GNMA, Series 2013-4, Class ML | 2.500% | 10/16/42 | 366000 | 287456 |
| GNMA, Series 2019-151, Class GC | 1.750% | 12/20/42 | 95691 | 84916 |
| GNMA, Series 2013-165, Class LB | 4.000% | 03/20/43 | 235000 | 206514 |
| GNMA, Series 2014-118, Class ZD | 2.500% | 08/16/44 | 791338 | 702341 |
| GNMA, Series 2014-140, Class BW | 3.500% | 09/20/44 | 197323 | 188187 |
| GNMA, Series 2019-136, Class P | 1.500% | 10/20/45 | 318167 | 264159 |
| GNMA, Series 2017-179, Class NZ | 2.500% | 12/20/47 | 459241 | 313440 |
| GNMA, Series 2018-27, Class KY | 3.500% | 02/20/48 | 1608166 | 1334463 |
| GNMA, Series 2018-079, Class LM | 3.250% | 06/20/48 | 335000 | 303796 |
| GNMA, Series 2018-120, Class LH | 3.500% | 09/20/48 | 593318 | 461007 |
| GNMA, Series 2019-012, Class PY | 3.500% | 02/20/49 | 592649 | 539595 |
| GNMA, Series 2022-45, Class B | 2.500% | 05/20/50 | 188677 | 167902 |
| GNMA, Series 2020-95, Class EA | 1.500% | 07/20/50 | 1110010 | 885112 |
| GNMA, Series 2020-123, Class LA | 1.000% | 08/20/50 | 294598 | 144873 |
| GNMA, Series 2022-063, Class LM | 3.500% | 10/20/50 | 900000 | 763816 |
| GNMA, Series 2021-29, Class AG | 5.000% | 02/20/51 | 705595 | 703686 |
| GNMA, Series 2021-91, Class MF | 1.000% | 05/20/51 | 213601 | 165488 |
| GNMA, Series 2021-223, Class P | 2.000% | 06/20/51 | 216835 | 189080 |
| GNMA, Series 2021-116, Class CV | 1.500% | 07/20/51 | 233382 | 131458 |
| GNMA, Series 2021-136, Class TC | 1.500% | 08/20/51 | 499448 | 320221 |
| GNMA, Series 2021-136, Class TU | 1.500% | 08/20/51 | 324994 | 164292 |
| GNMA, Series 2022-64, Class MA | 2.500% | 11/20/51 | 873002 | 812606 |
| GNMA, Series 2023-13, Class HL | 5.000% | 01/20/53 | 244634 | 235499 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 26.8% (Continued)** |  |  |  |  |
| GNMA, Series 2025-71, Class NL | 5.000% | 04/20/55 | $620005 | $574065 |
|  |  |  |  | 25271772 |
| **Agency MBS CMO Derivatives - 1.0%** |  |  |  |  |
| FNMA, Series 2013-105, Class KO (PO) | 0.000% | 10/25/43 | 425092 | 374912 |
| GNMA, Series 2022-31, Class MS (IO) (-2.5\* SOFR30A + 900) <sup>(a)</sup> | 0.000% | 02/20/52 | 669096 | 526085 |
|  |  |  |  | 900997 |
| **Agency MBS Passthrough - 2.3%** |  |  |  |  |
| FNMA, Pool #MA0633 | 5.000% | 01/01/41 | 238684 | 240906 |
| FNMA, Pool #BM6504 | 3.500% | 01/01/48 | 719507 | 668453 |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | 230706 | 241329 |
| GNMA, Pool #DJ1126 | 7.000% | 04/20/65 | 944064 | 968214 |
|  |  |  |  | 2118902 |
| **Auto Loan - 1.7%** |  |  |  |  |
| ACM Auto Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.870% | 11/20/31 | 200000 | 200270 |
| ACM Auto Trust, Series 2025-2A, Class B <sup>(c)</sup> | 7.250% | 02/20/32 | 100000 | 98516 |
| ACM Auto Trust, Series 2025-3A, Class B <sup>(c)</sup> | 6.080% | 07/20/32 | 250000 | 243198 |
| AgoraCapital Auto Securities Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.270% | 11/25/32 | 150000 | 151314 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class D <sup>(c)</sup> | 5.820% | 01/15/32 | 175000 | 175429 |
| FinBe USA Trust, Series 2025-1A, Class B <sup>(c)</sup> | 6.600% | 12/16/30 | 50000 | 50023 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(c)</sup> | 4.835% | 09/20/33 | 193841 | 194315 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-3A,<br> Class C <sup>(c)</sup> | 6.460% | 03/25/33 | 125000 | 126175 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class C <sup>(c)</sup> | 6.675% | 06/27/33 | 100000 | 101083 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, <br> Class D <sup>(c)</sup> | 6.012% | 06/26/34 | 225000 | 225000 |
|  |  |  |  | 1565323 |
| **CRE/CLO - 1.6%** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class B (1\* TSFR1M + 319) <sup>(a)(c)</sup> | 7.527% | 01/18/41 | 100000 | 99951 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 1.6% (Continued)** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class C (1\* TSFR1M + 369) <sup>(a)(c)</sup> | 8.027% | 01/18/41 | $100000 | $99950 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, Class C<br> (1\* TSFR1M + 269) <sup>(a)(c)</sup> | 7.033% | 08/20/42 | 100000 | 99942 |
| BXMT Ltd., Series 2020-FL3, Class A (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 6.378% | 11/15/37 | 231172 | 231237 |
| BXMT Ltd., Series 2020-FL3, Class D (1\* TSFR1M + 291) <sup>(a)(c)</sup> | 7.778% | 11/15/37 | 100000 | 96670 |
| BXMT Ltd., Series 2020-FL2, Class AS (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 5.878% | 02/15/38 | 200000 | 199261 |
| BXMT Ltd., Series 2020-FL2, Class D (1\* TSFR1M + 206) <sup>(a)(c)</sup> | 6.678% | 02/15/38 | 100000 | 97831 |
| BXMT Ltd., Series 2021-FL4, Class D (1\* TSFR1M + 236) <sup>(a)(c)</sup> | 6.728% | 05/15/38 | 100000 | 95900 |
| BXMT Ltd., Series 2021-FL4, Class A (1\* TSFR1M + 116) <sup>(a)(c)</sup> | 5.528% | 05/17/38 | 242430 | 241720 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class C (1\* TSFR1M + 196) <sup>(a)(c)</sup> | 6.100% | 07/16/36 | 250000 | 249430 |
|  |  |  |  | 1511892 |
| **Credit Cards - 0.2%** |  |  |  |  |
| Genesis Sales Finance Master Trust, Series 2024-B, Class D <sup>(c)</sup> | 7.040% | 12/20/32 | 150000 | 151194 |
| **Equipment - 0.2%** |  |  |  |  |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(c)</sup> | 8.540% | 06/15/29 | 220000 | 225680 |
| **HECM - 3.6%** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1 <sup>(c)</sup> | 1.600% | 10/25/63 | 214873 | 187941 |
| Brean Asset Backed Securities Trust, Series 2025-RM10, Class A2 <sup>(c)</sup> | 5.000% | 01/25/65 | 100000 | 97209 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 3.6% (Continued)** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class M3 <sup>(c)</sup> | 4.500% | 07/25/65 | $125861 | $101396 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A2 <sup>(c)</sup> | 4.500% | 03/25/78 | 180000 | 174209 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1 <sup>(c)</sup> | 4.250% | 04/25/33 | 250000 | 247268 |
| Cascade Funding Mortgage Trust, Series 2022-AB2, Class M3 <sup>(c)</sup> | 2.000% | 02/25/52 | 268677 | 249912 |
| Finance of America HECM Buyout, Series 2024-HB1, Class M2 <sup>(c)</sup> | 6.000% | 10/01/34 | 250000 | 251449 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M1 <sup>(c)</sup> | 3.000% | 06/25/36 | 250000 | 246369 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M2 <sup>(c)</sup> | 3.000% | 06/25/36 | 300000 | 294745 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AB <sup>(c)</sup> | 1.744% | 10/25/50 | 202581 | 189365 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class A <sup>(c)</sup> | 2.125% | 09/25/61 | 398720 | 370945 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class A <sup>(c)</sup> | 3.750% | 06/25/62 | 472334 | 445080 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M3 <sup>(c)</sup> | 4.000% | 08/25/62 | 150000 | 133199 |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(c)</sup> | 3.000% | 01/25/62 | 400000 | 370920 |
|  |  |  |  | 3360007 |
| **Hospitality - 0.4%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(a)(c)</sup> | 6.700% | 08/15/42 | 100000 | 100063 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(a)(c)</sup> | 7.450% | 08/15/42 | 150000 | 150094 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class D <br> (1\* TSFR1M + 285) <sup>(a)(c)</sup> | 7.000% | 03/15/42 | 100000 | 99875 |
|  |  |  |  | 350032 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Industrial - 1.1%** | **Industrial - 1.1%** | **Industrial - 1.1%** | | |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class D<br> (1\* TSFR1M + 259) <sup>(a)(c)</sup> | 6.742% | 03/15/30 | $175000 | $174781 |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(a)(c)</sup> | 7.400% | 07/15/27 | 150000 | 151125 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(a)(c)</sup> | 7.000% | 08/15/42 | 95828 | 96095 |
| DK Trust, Series 2025-LXP, Class C <sup>(c)</sup> | 6.592% | 08/15/37 | 400000 | 400375 |
| DK Trust, Series 2025-LXP, Class D <sup>(c)</sup> | 7.241% | 08/15/37 | 250000 | 250313 |
|  |  |  |  | 1072689 |
| **Laboratory - 2.5%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-BIO2, Class D <sup>(c)</sup> | 7.970% | 08/13/41 | 100000 | 99504 |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(c)</sup> | 2.446% | 11/10/46 | 550000 | 467859 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 5.664% | 03/15/38 | 175000 | 173906 |
| Life Financial Services Trust, Series 2021-BMR, Class E <br> (1\* TSFR1M + 186) <sup>(a)(c)</sup> | 6.014% | 03/15/38 | 350000 | 346938 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1<br> (1\* TSFR1M + 130) <sup>(a)(c)</sup> | 5.445% | 05/15/39 | 250000 | 243125 |
| Life Financial Services Trust, Series 2022-BMR2, Class B <br> (1\* TSFR1M + 179) <sup>(a)(c)</sup> | 5.944% | 05/15/39 | 250000 | 234357 |
| Life Financial Services Trust, Series 2022-BMR2, Class C <br> (1\* TSFR1M + 209) <sup>(a)(c)</sup> | 6.243% | 05/15/39 | 250000 | 228438 |
| VLS Commercial Mortgage Trust, Series 2020-LAB, Class A <sup>(c)</sup> | 2.130% | 10/10/42 | 300000 | 256388 |
| VRTX Trust, Series 2025-HQ, Class D <sup>(c)</sup> | 6.815% | 09/05/30 | 300000 | 305374 |
|  |  |  |  | 2355889 |
| **Multifamily - 0.7%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(a)(c)</sup> | 7.239% | 08/15/39 | 280859 | 281559 |
| Multifamily Connecticut Avenue, Series 2025-01, Class M1 <br> (1\* SOFR30A + 240) <sup>(a)(c)</sup> | 6.756% | 05/25/55 | 199943 | 200720 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 0.7% (Continued)** |  |  |  |  |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class M1 <br> (1\* SOFR30A + 245) <sup>(a)(c)</sup> | 6.798% | 10/25/44 | $192731 | $194117 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN1, Class M-1 <br> (1\* SOFR + 200) <sup>(a)(c)</sup> | 6.356% | 01/25/51 | 12257 | 12223 |
|  |  |  |  | 688619 |
| **Non-Agency MBS 2.0 - 0.4%** |  |  |  |  |
| Redwood Funding Trust, Series 2025-2, Class A <sup>(c)</sup> | 7.112% | 05/27/55 | 90372 | 90783 |
| Redwood Funding Trust, Series 2025-3, Class B <sup>(c)</sup> | 7.749% | 12/27/56 | 275000 | 274817 |
|  |  |  |  | 365600 |
| **Non-Performing Loan - 0.1%** |  |  |  |  |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL2, <br> Class A1 <sup>(c)</sup> | 7.774% | 05/25/30 | 125436 | 126341 |
| **Non-QM - 0.8%** |  |  |  |  |
| Angel Oak Mortgage Trust, Series 2025-5, Class A1 <sup>(c)</sup> | 5.573% | 04/25/70 | 562992 | 568027 |
| COLT Funding, LLC, Series 2024-7, Class A1 <sup>(c)</sup> | 5.538% | 12/26/69 | 218699 | 220353 |
|  |  |  |  | 788380 |
| **Office - 1.7%** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2020-BOC, Class A <sup>(c)</sup> | 2.627% | 01/15/32 | 100000 | 88327 |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1, Class A <sup>(c)</sup> | 3.665% | 12/15/35 | 223621 | 210623 |
| Banc of America Merrill Lynch Commerical Mortgage, Series 2020-BOC, Class D <sup>(c)</sup> | 3.289% | 01/15/32 | 100000 | 75410 |
| Banc of America Merrill Lynch Commericial Mortgage, Series 2020-BOC, Class B <sup>(c)</sup> | 2.829% | 01/15/32 | 100000 | 83333 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class B <sup>(c)</sup> | 2.461% | 04/12/42 | 100000 | 88711 |
| Drop Mortgage Trust, Series 2021-FILE, Class A <br> (1\* TSFR1M + 126) <sup>(a)(c)</sup> | 5.414% | 10/15/43 | 450000 | 437203 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 1.7% (Continued)** |  |  |  |  |
| NYT Mortgage Trust, Series 2019-NYT, Class C <br> (1\* TSFR1M + 200) <sup>(a)(c)</sup> | 6.361% | 12/15/35 | $100000 | $97131 |
| NYT Mortgage Trust, Series 2019-NYT, Class D <br> (1\* TSFR1M + 230) <sup>(a)(c)</sup> | 6.661% | 12/15/35 | 150000 | 143174 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class B <sup>(c)</sup> | 6.013% | 09/15/40 | 200000 | 200730 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(c)</sup> | 8.623% | 09/15/40 | 200000 | 201855 |
|  |  |  |  | 1626497 |
| **Residential Transition Loan - 1.7%** |  |  |  |  |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 6.456% | 05/25/40 | 100000 | 101428 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 8.299% | 05/25/40 | 125000 | 126229 |
| Fidelis Mortgage Trust, Series 25-RTL1, Class A-2 <sup>(c)</sup> | 6.220% | 02/27/40 | 100000 | 101391 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class B <sup>(c)</sup> | 8.400% | 07/25/40 | 100000 | 97677 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class A2 <sup>(c)</sup> | 6.894% | 05/25/29 | 500000 | 505795 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 5.952% | 01/25/40 | 100000 | 100698 |
| LHOME Mortgage Trust, Series 2025-RTL2, Class A1 <sup>(c)</sup> | 5.612% | 04/25/40 | 300000 | 302863 |
| New York Mortgage Trust, Series 2024-BPL2, Class A1 <sup>(c)</sup> | 6.509% | 05/25/39 | 200000 | 202041 |
| ROC Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 6.114% | 02/25/40 | 100000 | 100896 |
|  |  |  |  | 1639018 |
| **Second Lien - 1.2%** |  |  |  |  |
| Achieve Mortgage, Series 2025-HE1, Class A <sup>(c)</sup> | 5.920% | 03/25/55 | 89512 | 91001 |
| HTAP Trust, Series 2024-1, Class A <sup>(c)</sup> | 7.000% | 04/25/37 | 187667 | 188820 |
| HTAP Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.500% | 04/25/42 | 181357 | 180848 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Second Lien - 1.2% (Continued)** |  |  |  |  |
| Point Securitization Trust, Series 2025-1, Class A1 <sup>(c)</sup> | 6.250% | 06/25/55 | $97393 | $97408 |
| Unlock HEA Trust, Series 2025-1, Class A <sup>(c)</sup> | 6.750% | 07/25/41 | 99654 | 99915 |
| Vista Point Securitization Trust, Series 2024-CES3, Class A1 <sup>(c)</sup> | 5.679% | 01/25/55 | 86828 | 87223 |
| Vista Point Securitization Trust, Series 2024-CES3, Class A2 <sup>(c)</sup> | 5.995% | 01/25/55 | 400000 | 404606 |
|  |  |  |  | 1149821 |
| **Single Family Rental - 1.5%** |  |  |  |  |
| Home Partners of America Trust, Series 2021-3, Class A <sup>(c)</sup> | 2.200% | 01/17/41 | 165203 | 153434 |
| Progress Residential Trust, Series 2021-SFR3, Class E1 <sup>(c)</sup> | 2.538% | 05/17/26 | 375000 | 371389 |
| Progress Residential Trust, Series 2021-SFR3, Class E2 <sup>(c)</sup> | 2.688% | 05/17/26 | 230000 | 227844 |
| Progress Residential Trust, Series 2021-SFR5, Class E1 <sup>(c)</sup> | 2.209% | 07/17/38 | 335000 | 327397 |
| Progress Residential Trust, Series 2021-SFR5, Class E2 <sup>(c)</sup> | 2.359% | 07/17/38 | 230000 | 224825 |
| Progress Residential Trust, Series 2025-SFR1, Class E1 <sup>(c)</sup> | 3.750% | 02/17/42 | 100000 | 92716 |
|  |  |  |  | 1397605 |
| **Small Business - 0.5%** |  |  |  |  |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class A <sup>(c)</sup> | 5.490% | 09/10/31 | 150000 | 150677 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class C <sup>(c)</sup> | 7.150% | 09/10/31 | 100000 | 100724 |
| Kapitus Asset Securitization, LLC, Series 2025-1A, Class C <sup>(c)</sup> | 7.400% | 04/10/32 | 225000 | 227012 |
|  |  |  |  | 478413 |
| **Student Loan - 0.8%** |  |  |  |  |
| Bayview Opportunity Master Fund, Series 2025-EDU1, Class D <br> (1\* SOFR30A + 225) <sup>(a)(c)</sup> | 6.583% | 07/27/48 | 250000 | 250000 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Student Loan - 0.8% (Continued)** |  |  |  |  |
| College Ave Student Loans, Series 2018-A, Class B <sup>(c)</sup> | 4.750% | 12/26/47 | $147153 | $145697 |
| Social Professional Loan Program, Series 2019-B, Class BFX <sup>(c)</sup> | 3.730% | 08/17/48 | 400000 | 375089 |
|  |  |  |  | 770786 |
| **Unsecured Consumer - 3.9%** |  |  |  |  |
| ACHV ABS Trust, Series 2024-1PL, Class D <sup>(c)</sup> | 7.290% | 04/25/31 | 92542 | 94294 |
| ACHV ABS Trust, Series 2024-3AL, Class D <sup>(c)</sup> | 6.750% | 12/26/31 | 86587 | 87845 |
| Affirm, Inc., Series 2025-X1, Class D <sup>(c)</sup> | 6.110% | 04/15/30 | 250000 | 251276 |
| AMCR ABS Trust, Series 2023-1, Class B <sup>(c)</sup> | 8.700% | 01/21/31 | 53745 | 54216 |
| AMCR ABS Trust, Series 2024-A, Class A <sup>(c)</sup> | 6.260% | 08/18/31 | 65698 | 65931 |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(c)</sup> | 6.130% | 11/15/32 | 200000 | 203248 |
| Oportun Funding, LLC, Series 2024-3, Class C <sup>(c)</sup> | 6.250% | 08/15/29 | 125000 | 125860 |
| Oportun Funding, LLC, Series 2021-C, Class C <sup>(c)</sup> | 3.610% | 10/08/31 | 67098 | 66229 |
| Oportun Funding, LLC, Series 2025-A, Class C <sup>(c)</sup> | 5.890% | 02/08/33 | 140000 | 140205 |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(c)</sup> | 5.910% | 07/08/33 | 200000 | 200821 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class C <sup>(c)</sup> | 8.344% | 07/15/31 | 62423 | 63181 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class D <sup>(c)</sup> | 6.282% | 07/15/32 | 99991 | 101018 |
| Pagaya AI Debt Selection Trust, Series 2024-11, Class D <sup>(c)</sup> | 6.307% | 07/15/32 | 124986 | 125505 |
| Pagaya AI Debt Selection Trust, Series 2025-6, Class B <sup>(c)</sup> | 4.883% | 04/15/33 | 350000 | 349737 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class A <sup>(c)</sup> | 5.715% | 01/20/34 | 100000 | 101171 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class D <sup>(c)</sup> | 6.739% | 01/20/34 | 150000 | 151652 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class E <sup>(c)</sup> | 11.276% | 01/20/34 | 100000 | 103243 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 3.9% (Continued)** |  |  |  |  |
| Reach Financial, LLC, Series 2025-1A, Class B <sup>(c)</sup> | 5.340% | 08/16/32 | $200000 | $202974 |
| Reach Financial, LLC, Series 2025-1A, Class C <sup>(c)</sup> | 5.990% | 08/16/32 | 100000 | 101796 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST2, Class NT <sup>(c)</sup> | 6.110% | 06/15/32 | 173729 | 175760 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(c)</sup> | 5.254% | 09/15/32 | 200000 | 200587 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(c)</sup> | 5.923% | 09/15/32 | 300000 | 302231 |
| Upgrade Receivables Trust, Series 2024-1A, Class C <sup>(c)</sup> | 6.470% | 01/15/31 | 100000 | 101077 |
| Upstart Securitization Trust, Series 2025-3, Class C <sup>(c)</sup> | 5.430% | 09/20/35 | 225000 | 224248 |
| Upstart Structured Pass-Through Trust, Series 2022-4A, Class B <sup>(c)</sup> | 8.540% | 11/15/30 | 25386 | 25466 |
|  |  |  |  | 3619571 |
| **Total Securitized** (Cost $54,030,058) |  |  |  | $55312237 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.6%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury Notes | 3.875% | 11/30/29 | $175000 | $176128 |
| U.S. Treasury Notes | 0.625% | 08/15/30 | 4850000 | 4181420 |
| U.S. Treasury STRIPS | 0.000% | 08/15/33 | 100000 | 72377 |
| U.S. Treasury Notes <sup>(b)</sup> | 4.000% | 02/15/34 | 6250000 | 6233643 |
| U.S. Treasury STRIPS | 0.000% | 08/15/34 | 150000 | 103214 |
| U.S. Treasury STRIPS | 0.000% | 02/15/36 | 250000 | 158988 |
| U.S. Treasury STRIPS | 0.000% | 02/15/37 | 250000 | 151020 |
| U.S. Treasury STRIPS | 0.000% | 02/15/38 | 1000000 | 571446 |
| U.S. Treasury STRIPS | 0.000% | 11/15/38 | 300000 | 164488 |
| U.S. Treasury Bonds | 1.125% | 08/15/40 | 1000000 | 630625 |
| U.S. Treasury Bonds | 1.375% | 11/15/40 | 850000 | 554559 |
| U.S. Treasury STRIPS | 0.000% | 08/15/41 | 200000 | 93646 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.6% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury STRIPS | 0.625% | 02/15/43 | $491761 | $373219 |
| U.S. Treasury STRIPS | 0.000% | 08/15/43 | 300000 | 125117 |
| U.S. Treasury Bonds | 2.250% | 08/15/46 | 1000000 | 667188 |
| U.S. Treasury Bonds | 3.000% | 02/15/48 | 5500000 | 4153359 |
| U.S. Treasury Bonds | 1.250% | 05/15/50 | 400000 | 196203 |
| U.S. Treasury Bonds | 1.625% | 11/15/50 | 1500000 | 804844 |
| **Total Treasury** (Cost $19,334,083) |  |  |  | $19411484 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 6.2%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(d)</sup> | 3233818 | $3233818 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(d)(e)</sup> | 2599510 | 2599510 |
| **Total Registered Investment Companies** (Cost $5,833,328) |  | $5833328 |
| **Total Investment Securities - 103.9%** (Cost $96,208,870) |  | $97933315 |
| **Liabilities in Excess of Other Assets - (3.9)%** |  | (3695969) |
| **Net Assets - 100.0%** |  | $94237346 |

---

<sup>(a)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. 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.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $9,225,489.

<sup>(c)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $35,688,195, representing 37.9% of net assets.

<sup>(d)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(e)</sup> 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 $6,994,725.

IO - Interest Only

NA - National Association

plc - Public Limited Company

PO - Principal Only

REIT - Real Estate Investment Trust

SA - Societe Anonyme

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Diamond Hill Funds

- **b. Investment Company Act file number:** 811-08061

- **c. CIK number of Registrant:** 0001032423

- **d. LEI of Registrant:** 549300PZZTQU6QTHS663

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 325 John H. McConnell Blvd.

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 888-226-5595

**Item A.2. Information about the Series.**

- **a. Name of Series:** DIAMOND HILL LONG SHORT FUND

- **b. EDGAR series identifier (if any):** S000003156

- **c. LEI of Series:** 549300GOFHLV0Y722610

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2994061565.20

**Total Liabilities:** $882908575.08

**Net Assets:** $2111152990.12

**Cash Not Reported:** $700607399.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008538 | 0.85%                | 1.34%                | 1.79%                |
| Class ID C000008536 | 0.85%                | 1.33%                | 1.76%                |
| Class ID C000108465 | 0.87%                | 1.37%                | 1.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4133129.47              | $9872067.40                                |
| Month 2  | $14447518.67             | $8986948.61                                |
| Month 3  | $9728360.73              | $23581477.62                               |

**Designated Index Information**

- **Index Name:** Russell 1000

- **Index Identifier:** RU1000

### Schedule of Portfolio Investments

| Name                                         | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Teradata Corp                                | Teradata Corporation                                                      | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Short            | EC               | CORP              | US        |   -261355 | NS      | $-5621746.05  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                       | Cheesecake Factory, Inc. (The)                                            | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Short            | EC               | CORP              | US        |   -273357 | NS      | $-14936226.48 | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | Medtronic plc                                                             | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |    309211 | NS      | $29449255.64  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Walt Disney Company                          | Walt Disney Company (The)                                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    283455 | NS      | $32455597.50  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                 | Ashland, Inc.                                                             | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |    422439 | NS      | $20239052.49  | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Samsara Inc                                  | Samsara, Inc.                                                             | CUSIP: 79589L106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -355601 | NS      | $-13246137.25 | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc.                      | Alarm.com Holdings, Inc.                                                  | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Short            | EC               | CORP              | US        |   -483704 | NS      | $-25675008.32 | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corporation                               | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Short            | EC               | CORP              | US        |   -180030 | NS      | $-50797264.80 | -2.41%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | State Street Navigator Securities Lending Portfolio I                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        | 183175504 | NS      | $183175504.50 | 8.68%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.            | Hartford Insurance Group, Inc. (The)                                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    222349 | NS      | $29659133.11  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC           | Johnson Controls International plc                                        | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |    126070 | NS      | $13861396.50  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                 | Doximity, Inc.                                                            | CUSIP: 26622P107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -318020 | NS      | $-23263163.00 | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corporation                                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    193141 | NS      | $100037380.95 | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                         | Williams-Sonoma, Inc.                                                     | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Short            | EC               | CORP              | US        |   -135845 | NS      | $-26550905.25 | -1.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Company PLC                          | Perrigo Company plc                                                       | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | US        |   1338430 | NS      | $29806836.10  | 1.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Core & Main Inc                              | Core & Main Inc. - Class A                                                | CUSIP: 21874C102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -494448 | NS      | $-26616135.84 | -1.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.                   | Builders FirstSource, Inc.                                                | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    298153 | NS      | $36151051.25  | 1.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Choice Hotels International, Inc.            | Choice Hotels International, Inc.                                         | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Short            | EC               | CORP              | US        |    -95287 | NS      | $-10187133.17 | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                              | Shake Shack, Inc. Class A                                                 | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |    -42742 | NS      | $-4001078.62  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Gamestop Corp                                | Gamestop Corporation Class A                                              | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Short            | EC               | CORP              | US        |   -433798 | NS      | $-11834009.44 | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                           | Clorox Company                                                            | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |    -38620 | NS      | $-4761846.00  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet, Inc. Class A                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    412959 | NS      | $100390332.90 | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                       | Texas Instruments, Inc.                                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    123441 | NS      | $22679814.93  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Investment Trust  | State Street Institutional US Government Money Market Fund, Premier Class | CUSIP: 857492706<br>LEI: 549300P1E098W6ES7M39 | Long             | STIV             | RF                | US        | 202814827 | NS      | $202814827.08 | 9.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EXP World Holdings Inc                       | EXP World Holdings Inc -                                                  | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Short            | EC               | CORP              | US        |   -910906 | NS      | $-9710257.96  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    181422 | NS      | $28838841.12  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.            | American International Group, Inc.                                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   1001695 | NS      | $78673125.30  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc.                                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    203497 | NS      | $44681836.29  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc.                                | Penumbra, Inc.                                                            | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Short            | EC               | CORP              | US        |    -32445 | NS      | $-8218967.40  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                         | Labcorp Holdings Incorporated                                             | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90084 | NS      | $25859513.04  | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Visa Inc                                     | Visa, Inc. Class A                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     74077 | NS      | $25288406.26  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                    | Asana, Inc.                                                               | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Short            | EC               | CORP              | US        |   -372888 | NS      | $-4981783.68  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                  | ResMed, Inc. SHORT                                                        | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Short            | EC               | CORP              | US        |    -65290 | NS      | $-17871831.70 | -0.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                             | Badger Meter, Inc.                                                        | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Short            | EC               | CORP              | US        |    -41642 | NS      | $-7436428.36  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                      | Ormat Technologies, Inc.                                                  | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Short            | EC               | CORP              | US        |   -208964 | NS      | $-20112785.00 | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                    | WD-40 Company                                                             | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Short            | EC               | CORP              | US        |    -76375 | NS      | $-15091700.00 | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corporation                                                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152644 | NS      | $23704086.76  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corporation                                              | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    638436 | NS      | $29189293.92  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                       | Acushnet Holdings Corporation                                             | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Short            | EC               | CORP              | US        |   -197772 | NS      | $-15523124.28 | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc                      | Commerce Bancshares, Inc.                                                 | CUSIP: 200525103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -141364 | NS      | $-8447912.64  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                       | Powell Industries, Inc.                                                   | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Short            | EC               | CORP              | US        |    -24500 | NS      | $-7467845.00  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corporation                                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    546845 | NS      | $28211733.55  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                  | Brinker International, Inc.                                               | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Short            | EC               | CORP              | US        |    -94390 | NS      | $-11957325.20 | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.              | SS&C Technologies Holdings, Inc.                                          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    376700 | NS      | $33435892.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | Ulta Beauty, Inc.                                                         | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     36532 | NS      | $19973871.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Palomar Holdings Inc                         | Palomar Holdings, Inc.                                                    | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Short            | EC               | CORP              | US        |    -58936 | NS      | $-6880778.00  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms, Inc. Class A                                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    116484 | NS      | $85543519.92  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                               | VeriSign, Inc.                                                            | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     96765 | NS      | $27052591.05  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Company Ltd. ADR                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    299019 | NS      | $83513016.51  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc               | First Financial Bankshares, Inc.                                          | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Short            | EC               | CORP              | US        |   -149547 | NS      | $-5032256.55  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc   | Fidelity National Information Services, Inc.                              | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    386095 | NS      | $25459104.30  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                   | Garmin Ltd.                                                               | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Short            | EC               | CORP              | US        |   -175657 | NS      | $-43250266.54 | -2.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                  | Sprouts Farmers Market, Inc.                                              | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Short            | EC               | CORP              | US        |   -189091 | NS      | $-20573100.80 | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | Pfizer, Inc.                                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    868836 | NS      | $22137941.28  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                  | Zoetis, Inc.                                                              | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    252930 | NS      | $37008717.60  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                   | Matson, Inc.                                                              | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Short            | EC               | CORP              | US        |   -247620 | NS      | $-24412855.80 | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                            | MP Materials Corp.                                                        | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Short            | EC               | CORP              | US        |   -284375 | NS      | $-19073031.25 | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                  | Capital One Financial Corporation                                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    159305 | NS      | $33865056.90  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                        | Medpace Holdings, Inc.                                                    | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Short            | EC               | CORP              | US        |    -65450 | NS      | $-33651772.00 | -1.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | Comcast Corporation Class A                                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    363204 | NS      | $11411869.68  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                       | TJX Companies, Inc. (The)                                                 | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    134416 | NS      | $19428488.64  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | Citigroup, Inc.                                                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    756106 | NS      | $76744759.00  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon plc                                                                   | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |     71134 | NS      | $25364961.72  | 1.20%             |  |  |  | No            |                  1 | On Loan: —       |
| The Cooper Companies, Inc.                   | Cooper Companies, Inc. (The)                                              | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |    313094 | NS      | $21465724.64  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy, Inc.                                                  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    294638 | NS      | $42162697.80  | 2.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Affirm Holdings Inc                          | Affirm Holdings Incorporated                                              | CUSIP: 00827B106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -312102 | NS      | $-22808414.16 | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                | KKR & Company, Inc. Class A                                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     67688 | NS      | $8796055.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.            | Booz Allen Hamilton Holding Corporation                                   | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    370285 | NS      | $37009985.75  | 1.75%             |  |  |  | No            |                  1 | On Loan: —       |
| United Parks & Resorts Inc                   | United Parks and Resorts Incorporated                                     | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Short            | EC               | CORP              | US        |   -137630 | NS      | $-7115471.00  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                       | F5 Networks, Inc.                                                         | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Short            | EC               | CORP              | US        |    -65087 | NS      | $-21035467.53 | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                              | Salesforce, Inc.                                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    188315 | NS      | $44630655.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                           | Coterra Energy, Inc.                                                      | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |   1151653 | NS      | $27236593.45  | 1.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Berkshire Hathaway Inc.                      | Berkshire Hathaway, Inc. Class B                                          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     58824 | NS      | $29573177.76  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | Dominion Energy, Inc.                                                     | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    349315 | NS      | $21367598.55  | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Teleflex Incorporated                        | Teleflex, Inc.                                                            | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     42370 | NS      | $5184393.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                | Becton, Dickinson and Company                                             | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    155916 | NS      | $29182797.72  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                            | Ciena Corporation                                                         | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    236468 | NS      | $34446293.56  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                    | eBay, Inc.                                                                | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Short            | EC               | CORP              | US        |   -298713 | NS      | $-27167947.35 | -1.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                         | Vornado Realty Trust                                                      | CUSIP: 929042109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -375030 | NS      | $-15199965.90 | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.                     | Extra Space Storage, Inc. REIT                                            | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |    163134 | NS      | $22992105.96  | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Sysco Corporation                            | Sysco Corporation                                                         | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    420660 | NS      | $34637144.40  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                         | Federal Signal Corporation                                                | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Short            | EC               | CORP              | US        |   -215720 | NS      | $-25668522.80 | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                        | Freeport-McMoRan, Inc.                                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    533871 | NS      | $20938420.62  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                   | ESAB Corporation                                                          | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     95425 | NS      | $10662789.50  | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| HCA Healthcare Inc                           | HCA Healthcare, Inc.                                                      | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     67411 | NS      | $28730568.20  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                            | Yeti Holdings, Inc.                                                       | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Short            | EC               | CORP              | US        |   -108060 | NS      | $-3585430.80  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                     | Lululemon Athletica, Inc.                                                 | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     89940 | NS      | $16003024.20  | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of Hawaii Corp.                         | Bank of Hawaii Corporation                                                | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Short            | EC               | CORP              | US        |   -372575 | NS      | $-24455823.00 | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | Adobe, Inc.                                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     96325 | NS      | $33978643.75  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                             | Lear Corporation                                                          | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    233252 | NS      | $23467483.72  | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Abbott Laboratories                          | Abbott Laboratories                                                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    269012 | NS      | $36031467.28  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                      | Mueller Industries, Inc.                                                  | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Short            | EC               | CORP              | US        |   -192540 | NS      | $-19467719.40 | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corporation                                               | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     65806 | NS      | $49890818.90  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                        | Royal Caribbean Cruises Ltd.                                              | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Short            | EC               | CORP              | US        |    -97585 | NS      | $-31576554.30 | -1.50%            |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd.                            | WNS Holdings Ltd.                                                         | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | IN        |    265342 | NS      | $20237634.34  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                              | Solventum Corporation                                                     | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |    409333 | NS      | $29881309.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                   | L3Harris Technologies, Inc.                                               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    111010 | NS      | $33903564.10  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                   | Constellation Brands, Inc. Class A                                        | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    242171 | NS      | $32613168.57  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer