# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0001752724-23-048538
**Filing Date:** 2023-3
**Character Count:** 23612
**Document Hash:** 7e0ecd02886029ddd1988487cece496e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048538.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048538

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIAMOND HILL FUNDS
- **CENTRAL INDEX KEY:** 0001032423
- **IRS NUMBER:** 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:** 23689989

**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 International Fund (Series ID: S000065011)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000210481 | Diamond Hill International Fund Class Y  | DHIYX           |
| C000210482 | Diamond Hill International Fund Investor | DHIAX           |
| C000210483 | Diamond Hill International Fund Class I  | DHIIX           |

## 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 INTERNATIONAL FUND

- **b. EDGAR series identifier (if any):** S000065011

- **c. LEI of Series:** 549300MA5HFTH3T4VO34

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $54846709.08

**Total Liabilities:** $3247674.09

**Net Assets:** $51599034.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210481 | 6.12%                | 12.00%               | -1.38%               |
| Class ID C000210483 | 6.13%                | 11.94%               | -1.35%               |
| Class ID C000210482 | 6.08%                | 11.92%               | -1.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-303436.14              | $3031109.90                                |
| Month 2  | $-428453.87              | $5988257.27                                |
| Month 3  | $-45308.93               | $-703663.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fomento Economico Mexicano S A B de C V      | Fomento Economico Mexicano de C.V. Series UBD                             | CUSIP: P4182H115<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |    185612 | NS      | $1451075.98   | 2.81%             |  |  |  | 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        |   3084847 | NS      | $3084847.00   | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | Compagnie Financiere Richemont S.A. Warrants                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | CH        |      8320 | NS      | $6928.91      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashmore Group                                | Ashmore Group PLC                                                         | CUSIP: G0609C101<br>LEI: 549300U3L59WB4YI2X12 | Long             | EC               | CORP              | GB        |    511602 | NS      | $1473644.07   | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR S.p.A.                                  | Exor N.V.                                                                 | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     18576 | NS      | $1360446.89   | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology S.A.                      | Spotify Technology S.A.                                                   | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |     12599 | NS      | $994691.05    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                          | Walt Disney Company (The)                                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      7431 | NS      | $645605.28    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited           | CANADIAN NATURAL RESOURCES LTD.                                           | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     10689 | NS      | $593600.88    | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Hypera SA                                    | Hypera S.A.                                                               | CUSIP: P5230A101<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     80151 | NS      | $685284.53    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                              | Nintendo Company Ltd. ADR                                                 | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    136880 | NS      | $1426289.60   | 2.76%             |  |  |  | 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        |   1441848 | NS      | $1441847.92   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                         | Astellas Pharma, Inc.                                                     | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     87400 | NS      | $1328759.82   | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Hakuhodo DY Holdings Inc.                    | Hakuhodo DY Holdings, Inc.                                                | CUSIP: J19174101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59800 | NS      | $600060.49    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group N.V                    | Universal Music Group N.V.                                                | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     27153 | NS      | $656834.06    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                   | Diageo plc                                                                | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     28311 | NS      | $1239141.75   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuchs Petrolub SE                            | Fuchs Petrolub SE (GE)                                                    | CUSIP: D27462387<br>LEI: 529900SNF9E1P5ZO4P98 | Long             | EC               | CORP              | DE        |     40053 | NS      | $1188723.63   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| The Swatch Group Ltd.                        | SWATCH GROUP AG/THE-BR                                                    | CUSIP: H83949141<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |      5047 | NS      | $1434555.10   | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                | ASSA ABLOY AB Class B                                                     | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     60709 | NS      | $1305970.03   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Limited                     | Tencent Holdings Ltd.                                                     | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     31500 | NS      | $1335590.93   | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                    | SAFRAN SA                                                                 | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      9558 | NS      | $1197545.05   | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev S.A.                                   | Ambev S.A.                                                                | CUSIP: P0273U106<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    154690 | NS      | $424866.42    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa            | Compagnie Financiere Richemont S.A.                                       | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      6735 | NS      | $873316.52    | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                            | Compass Group plc                                                         | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | US        |     50031 | NS      | $1155239.39   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                    | Tesco plc                                                                 | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | US        |    379475 | NS      | $1022566.35   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Company Ltd. ADR                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      5167 | NS      | $384889.83    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                           | CENOVUS ENERGY, INC.                                                      | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     13015 | NS      | $252523.39    | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Fu Shou Yuan International Group Limited     | Fu Shou Yuan International Group Ltd.                                     | CUSIP: G37109108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    860000 | NS      | $734730.45    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.        | Banco Bilbao Vizcaya Argentaria S.A.                                      | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    105579 | NS      | $636125.86    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                      | GlaxoSmithKline plc                                                       | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | US        |     48617 | NS      | $840202.22    | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holdings AG                            | Roche Holdings AG                                                         | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      3565 | NS      | $1120329.58   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd.                           | Shionogi & Company Ltd.                                                   | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |      8100 | NS      | $404069.78    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd.                               | CREDICORP LTD.                                                            | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | US        |      4676 | NS      | $634346.16    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                           | Smith & Nephew plc                                                        | CUSIP: G82343164<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     59822 | NS      | $798858.59    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC (UK)                             | Beazley plc                                                               | CUSIP: G0936K107<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | JE        |    105579 | NS      | $863410.75    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Ubisoft Entertainment S.A.                   | Ubisoft Entertainment S.A.                                                | CUSIP: F9396N106<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |     25840 | NS      | $730225.92    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl PLC                                    | BUNZL PLC                                                                 | CUSIP: G16968110<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |     27061 | NS      | $900262.99    | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                       | SAP SE                                                                    | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      9076 | NS      | $937300.45    | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                   | Samsung Electronics Company Ltd.                                          | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     38077 | NS      | $1678331.01   | 3.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC                     | Howden Joinery Group plc                                                  | CUSIP: G4647J102<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    153858 | NS      | $1038837.42   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle S.A.                                                               | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      9944 | NS      | $1148700.35   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited           | Fairfax Financial Holdings Limited                                        | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      3610 | NS      | $2138537.39   | 4.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Novartis AG                                  | Novartis AG ADR                                                           | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     21476 | NS      | $1948302.72   | 3.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Aurinia Pharmaceuticals Inc                  | AURINIA PHARMACEUTICALS, INC.                                             | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | US        |     28574 | NS      | $123439.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                    | ALIBABA.COM LIMITED                                                       | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |     80200 | NS      | $880014.13    | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Recovery Inc.                         | Energy Recovery, Inc.                                                     | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     34320 | NS      | $703216.80    | 1.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Dino Polska SA                               | Dino Polska Spolka Akcyjna                                                | CUSIP: X188AF102<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     14841 | NS      | $1275613.48   | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| DoValue S.p.A.                               | doValue S.p.A.                                                            | CUSIP: T3R50B108<br>LEI: 8156007AF7DB5FE05555 | Long             | EC               | CORP              | IT        |    124556 | NS      | $954792.10    | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                 | Unilever N.V.                                                             | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | US        |     36727 | NS      | $1843408.71   | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                   | Haleon plc                                                                | CUSIP: G4232K100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | US        |     60772 | NS      | $240435.24    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                | HDFC Bank Ltd. ADR                                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     22913 | NS      | $1567478.33   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Limited                         | IMPERIAL OIL LIMITED                                                      | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |      2655 | NS      | $129323.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                        | Freeport-McMoRan, Inc.                                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     26560 | NS      | $1009280.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.       | Check Point Software Technologies Ltd.                                    | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | US        |     14876 | NS      | $1876756.16   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer