Diamond Hill Small Mid Cap Fund Class I (DHMIX) NPORT-P Diamond Hill Core Bond Fund (Mar 2020 report)

Diamond Hill Small Cap Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 96.9%	Shares		Fair Value
Communication Services - 4.4%
Live Nation Entertainment, Inc.(a)(b)		414,190	$	18,829,077
Consumer Discretionary - 11.7%
Aaron's, Inc.		188,658		4,297,629
Carter's, Inc.(a)		72,978		4,796,844
Green Brick Partners, Inc.(b)		793,088		6,384,358
Hanesbrands, Inc.(a)		537,112		4,227,071
Red Rock Resorts, Inc., Class A(a)		1,043,430		8,921,327
Vail Resorts, Inc.		128,265		18,946,023
Wolverine World Wide, Inc.		143,180		2,176,336
				49,749,588
Consumer Staples - 12.0%
B&G Foods, Inc.(a)		163,694		2,961,224
Cal-Maine Foods, Inc.		484,720		21,317,986
Flowers Foods, Inc.(a)		375,042		7,695,862
Post Holdings, Inc.(b)		160,885		13,348,628
Seaboard Corp.		1,978		5,563,718
				50,887,418
Energy - 1.4%
Cimarex Energy Co.		154,479		2,599,882
WPX Energy, Inc.(b)		1,154,865		3,522,338
				6,122,220
Financials - 24.1%
Bank OZK		758,807		12,672,077
BankUnited, Inc.		244,820		4,578,134
BOK Financial Corp.(a)		190,169		8,093,593
Brown & Brown, Inc.		131,057		4,746,885
Cadence BanCorp		830,398		5,439,107
Enstar Group Ltd.(b)		100,227		15,941,104
First of Long Island Corp. (The)		284,523		4,936,474
Live Oak Bancshares, Inc.		190,158		2,371,270
Mr. Cooper Group, Inc.(b)		663,564		4,863,924
ProAssurance Corp.		420,296		10,507,400
Reinsurance Group of America, Inc.		48,032		4,041,412

Diamond Hill Small Cap Fund

Schedule of Investments (Continued)

Common Stocks - 96.9% (Continued)	Shares		Fair Value
Financials - 24.1% (Continued)
RenaissanceRe Holdings Ltd.		48,428	$	7,231,269
Sterling Bancorp		1,620,022		16,929,230
				102,351,879
Health Care - 2.0%
Integer Holdings Corp.(b)		39,967		2,512,326
Natus Medical, Inc.(b)		260,914		6,034,941
				8,547,267
Industrials - 21.2%
Alaska Air Group, Inc.		198,489		5,650,982
Allegiant Travel Co.		107,388		8,784,338
Colfax Corp.(a)(b)		511,268		10,123,106
Hub Group, Inc., Class A(b)		366,246		16,653,206
Hyster-Yale Materials Handling, Inc.(a)		122,674		4,918,001
Kelly Services, Inc., Class A		164,979		2,093,584
Kirby Corp.(b)		215,948		9,387,260
SPX FLOW, Inc.(b)		312,331		8,876,447
Stericycle, Inc.(a)(b)		159,724		7,759,392
Toro Co. (The)		75,598		4,920,674
TriMas Corp.(b)		231,432		5,346,079
WESCO International, Inc.(b)		237,724		5,431,993
				89,945,062
Information Technology - 6.3%
Broadridge Financial Solutions, Inc.		80,474		7,631,349
Sanmina Corp.(b)		285,124		7,778,183
WNS Holdings Ltd. - ADR(b)		264,882		11,384,628
				26,794,160
Materials - 3.8%
Ashland Global Holdings, Inc.		177,992		8,912,059
W.R. Grace & Co.		204,033		7,263,575
				16,175,634
Real Estate - 7.1%
American Campus Communities, Inc. REIT		121,610		3,374,678
CubeSmart REIT		613,845		16,444,908

Diamond Hill Small Cap Fund

Schedule of Investments (Continued)

Common Stocks - 96.9% (Continued)	Shares		Fair Value
Real Estate - 7.1% (Continued)
iStar, Inc. REIT(a)		184,366	$	1,956,123
JBG SMITH Properties		140,107		4,459,606
Jones Lang LaSalle, Inc.		37,566		3,793,415
				30,028,730
Utilities - 2.9%
South Jersey Industries, Inc.(a)		361,788		9,044,700
UGI Corp.		114,807		3,061,903
				12,106,603
Total Common Stocks			$	411,537,638

Registered Investment Companies - 5.3%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(c)		11,932,628		11,932,628
State Street Navigator Securities Lending Portfolio I, 0.90%(c)(d)		10,469,598		10,469,598
Total Registered Investment Companies			$	22,402,226
Total Investment Securities - 102.2% (Cost $467,615,046)			$	433,939,864
Liabilities in Excess of Other Assets - (2.2)%				(9,496,976	)
Net Assets - 100.0%			$	424,442,888

(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $31,457,966.
(b)	Non-income producing security.
(c)	The rate shown is the 7-day effective yield as of March 31, 2020.
(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $10,469,598. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $21,761,094.

ADR -	American Depositary Receipt
REIT -	Real Estate Investment Trust

See accompanying notes to Schedules of Investments.

Diamond Hill Small-Mid Cap Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 96.5%	Shares		Fair Value
Communication Services - 2.4%
Liberty Media Corp. - Liberty Formula One - Series C(a)		1,359,759	$	37,026,238
Consumer Discretionary - 13.7%
Aaron's, Inc.		468,872		10,680,904
Advance Auto Parts, Inc.		170,637		15,923,845
BorgWarner, Inc.		1,849,503		45,072,388
Carter's, Inc.(b)		223,011		14,658,513
Hanesbrands, Inc.(b)		2,294,467		18,057,455
NVR, Inc.(a)		14,096		36,214,175
Red Rock Resorts, Inc., Class A		2,834,076		24,231,350
Vail Resorts, Inc.(b)		223,943		33,078,621
Wolverine World Wide, Inc.		777,787		11,822,362
				209,739,613
Consumer Staples - 10.5%
B&G Foods, Inc.(b)		664,123		12,013,985
Cal-Maine Foods, Inc.(b)		908,188		39,942,108
Flowers Foods, Inc.(b)		1,396,733		28,660,961
Molson Coors Brewing Co., Class B(b)		380,563		14,845,763
Post Holdings, Inc.(a)		786,466		65,253,084
				160,715,901
Energy - 1.5%
Cimarex Energy Co.		596,608		10,040,913
Noble Energy, Inc.		1,126,927		6,806,639
WPX Energy, Inc.(a)(b)		2,118,062		6,460,089
				23,307,641
Financials - 23.3%
Bank OZK		1,232,257		20,578,692
BankUnited, Inc.		1,514,139		28,314,399
BOK Financial Corp.(b)		458,564		19,516,484
Brighthouse Financial, Inc.(a)		647,864		15,658,873
Brown & Brown, Inc.		381,651		13,823,399
Cadence BanCorp(b)		1,335,191		8,745,501
Enstar Group Ltd.(a)		89,340		14,209,527
First Republic Bank		372,090		30,615,565
Mr. Cooper Group, Inc.(a)		2,378,796		17,436,575

Diamond Hill Small-Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 96.5% (Continued)	Shares			Fair Value
Financials - 23.3% (Continued)
Popular, Inc.		229,231		$	8,023,085
ProAssurance Corp.		812,383			20,309,575
Reinsurance Group of America, Inc.		366,316			30,821,828
RenaissanceRe Holdings Ltd.		186,538			27,853,854
Sterling Bancorp		3,246,612			33,927,095
SVB Financial Group(a)		146,345			22,109,803
Willis Towers Watson plc		266,066			45,191,310
					357,135,565
Health Care - 2.5%
Boston Scientific Corp.(a)		1,158,085			37,788,314
Industrials - 17.2%
Alaska Air Group, Inc.		690,567			19,660,443
Allegiant Travel Co.		297,678			24,350,060
Colfax Corp.(a)(b)		1,646,162			32,594,008
Hub Group, Inc., Class A(a)		1,174,053			53,384,190
Kirby Corp.(a)		788,575			34,279,355
Parker-Hannifin Corp.		85,903			11,144,196
Sensata Technologies Holding plc(a)		851,485			24,633,461
SPX FLOW, Inc.(a)		516,627	��		14,682,539
Stericycle, Inc.(a)(b)		548,614			26,651,668
WESCO International, Inc.(a)		960,971			21,958,187
					263,338,107
Information Technology - 5.4%
Avnet, Inc.		427,488			10,729,949
Broadridge Financial Solutions, Inc.		84,755			8,037,317
Juniper Networks, Inc.		975,015			18,661,787
Sanmina Corp.(a)		1,055,928			28,805,716
WNS Holdings Ltd. - ADR(a)		386,329			16,604,420
					82,839,189
Materials - 6.1%
Ashland Global Holdings, Inc.		606,158			30,350,331
Axalta Coating Systems Ltd.(a)		1,366,654			23,602,115

Diamond Hill Small-Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 96.5% (Continued)	Shares		Fair Value
Materials - 6.1% (Continued)
RPM International, Inc.		284,553	$	16,930,904
W.R. Grace & Co.		646,246		23,006,358
				93,889,708
Real Estate - 9.8%
American Campus Communities, Inc. REIT		1,176,248		32,640,882
CubeSmart REIT		1,824,789		48,886,097
Douglas Emmett, Inc.		777,620		23,725,186
iStar, Inc. REIT(b)		1,276,860		13,547,485
Jones Lang LaSalle, Inc.(b)		126,977		12,822,137
Mid-America Apartment Communities, Inc. REIT		170,207		17,536,427
				149,158,214
Utilities - 4.1%
South Jersey Industries, Inc.(b)		1,034,847		25,871,175
UGI Corp.		1,400,417		37,349,121
				63,220,296
Total Common Stocks			$	1,478,158,786

Registered Investment Companies - 5.1%	Shares		Fair Value
Diamond Hill Short Duration Total Return Fund, Class Y(c)		2,573,663		23,857,856
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(d)		25,770,471		25,770,471
State Street Navigator Securities Lending Portfolio I, 0.90%(d)(e)		27,657,816		27,657,816
Total Registered Investment Companies			$	77,286,143
Total Investment Securities - 101.6% (Cost $1,972,326,814)			$	1,555,444,929
Liabilities in Excess of Other Assets - (1.6)%				(24,235,210	)
Net Assets - 100.0%			$	1,531,209,719

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $115,807,953.
(c)	Affiliated Fund.
(d)	The rate shown is the 7-day effective yield as of March 31, 2020.
(e)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $27,657,816. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $91,224,096.

ADR -	American Depositary Receipt
plc -	Public Limited Company
REIT -	Real Estate Investment Trust

See accompanying notes to Schedules of Investments.

Diamond Hill Mid Cap Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 95.8%	Shares		Fair Value
Communication Services - 2.4%
Liberty Media Corp. - Liberty Formula One - Series C(a)		147,795	$	4,024,458
Consumer Discretionary - 13.6%
Aaron's, Inc.		41,794		952,067
Advance Auto Parts, Inc.		18,296		1,707,383
BorgWarner, Inc.		208,222		5,074,370
Carter's, Inc.(b)		20,658		1,357,850
Hanesbrands, Inc.(b)		212,625		1,673,359
NVR, Inc.(a)		1,540		3,956,429
Red Rock Resorts, Inc., Class A		309,885		2,649,517
Vail Resorts, Inc.		24,264		3,584,036
VF Corp.		33,504		1,811,896
				22,766,907
Consumer Staples - 9.4%
Archer-Daniels-Midland Co.		111,663		3,928,304
Flowers Foods, Inc.		98,227		2,015,618
Molson Coors Brewing Co., Class B		69,787		2,722,391
Post Holdings, Inc.(a)		84,755		7,032,122
				15,698,435
Energy - 1.5%
Cimarex Energy Co.		74,991		1,262,099
Noble Energy, Inc.		209,984		1,268,303
				2,530,402
Financials - 27.1%
American International Group, Inc.		101,633		2,464,600
Bank OZK		121,910		2,035,897
BankUnited, Inc.		158,973		2,972,795
BOK Financial Corp.		39,085		1,663,458
Brighthouse Financial, Inc.(a)		68,637		1,658,956
Discover Financial Services		60,914		2,172,802
Enstar Group Ltd.(a)		9,113		1,449,423
First Republic Bank		50,188		4,129,469
Franklin Resources, Inc.(b)		77,133		1,287,350
Hartford Financial Services Group, Inc. (The)		81,010		2,854,792
Loews Corp.		235,523		8,203,266

Diamond Hill Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 95.8% (Continued)	Shares		Fair Value
Financials - 27.1% (Continued)
Mr. Cooper Group, Inc.(a)		176,366	$	1,292,763
Reinsurance Group of America, Inc.		18,301		1,539,846
RenaissanceRe Holdings Ltd.		18,687		2,790,343
Sterling Bancorp		310,669		3,246,491
SVB Financial Group(a)		16,199		2,447,345
Willis Towers Watson plc		17,286		2,936,027
				45,145,623
Health Care - 2.6%
Boston Scientific Corp.(a)		130,943		4,272,670
Industrials - 14.9%
Alaska Air Group, Inc.		75,565		2,151,336
Colfax Corp.(a)(b)		179,315		3,550,437
Hub Group, Inc., Class A(a)		61,171		2,781,445
Kirby Corp.(a)		87,259		3,793,149
Parker-Hannifin Corp.		26,622		3,453,672
Sensata Technologies Holding plc(a)		95,756		2,770,221
Stericycle, Inc.(a)(b)		59,075		2,869,864
United Airlines Holdings, Inc.(a)		58,717		1,852,521
WESCO International, Inc.(a)		69,260		1,582,591
				24,805,236
Information Technology - 5.6%
Avnet, Inc.		46,355		1,163,511
Check Point Software Technologies Ltd.(a)		42,749		4,297,985
Cognizant Technology Solutions Corp., Class A		44,920		2,087,432
Juniper Networks, Inc.		92,234		1,765,359
				9,314,287
Materials - 6.1%
Ashland Global Holdings, Inc.		65,588		3,283,991
Axalta Coating Systems Ltd.(a)		149,100		2,574,957
RPM International, Inc.		32,324		1,923,278
W.R. Grace & Co.		69,761		2,483,492
				10,265,718

Diamond Hill Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 95.8% (Continued)	Shares		Fair Value
Real Estate - 8.6%
American Campus Communities, Inc. REIT		114,683	$	3,182,453
CubeSmart REIT		201,429		5,396,283
Douglas Emmett, Inc.		83,749		2,555,182
Jones Lang LaSalle, Inc.		13,402		1,353,334
Mid-America Apartment Communities, Inc. REIT		18,339		1,889,467
				14,376,719
Utilities - 4.0%
South Jersey Industries, Inc.		101,897		2,547,425
UGI Corp.		153,372		4,090,431
				6,637,856
Total Common Stocks			$	159,838,311

Registered Investment Companies - 4.6%	Shares		Fair Value
Diamond Hill Short Duration Total Return Fund, Class Y(c)		157,132		1,456,612
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(d)		5,942,856		5,942,856
State Street Navigator Securities Lending Portfolio I, 0.90%(d)(e)		249,110		249,110
Total Registered Investment Companies			$	7,648,578
Total Investment Securities - 100.4% (Cost $230,508,151)			$	167,486,889
Liabilities in Excess of Other Assets - (0.4)%				(647,462	)
Net Assets - 100.0%			$	166,839,427

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $2,873,113.
(c)	Affiliated Fund.
(d)	The rate shown is the 7-day effective yield as of March 31, 2020.
(e)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $249,110. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $2,710,083.

plc -	Public Limited Company
REIT -	Real Estate Investment Trust

See accompanying notes to Schedules of Investments.

Diamond Hill Large Cap Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 97.3%	Shares		Fair Value
Communication Services - 12.5%
Alphabet, Inc., Class A(a)		153,115	$	177,911,974
Charter Communications, Inc., Class A(a)		224,609		97,999,153
Comcast Corp., Class A		2,608,773		89,689,616
Facebook, Inc., Class A(a)		734,025		122,435,370
Walt Disney Co. (The)		1,613,377		155,852,218
				643,888,331
Consumer Discretionary - 12.2%
Booking Holdings, Inc.(a)		79,838		107,407,658
BorgWarner, Inc.		3,495,593		85,187,601
General Motors Co.		4,148,122		86,197,975
Hanesbrands, Inc.(b)		6,046,011		47,582,107
NVR, Inc.(a)		39,461		101,379,650
O'Reilly Automotive, Inc.(a)		170,188		51,235,097
TJX Cos., Inc. (The)		2,475,887		118,372,158
VF Corp.		565,077		30,559,364
				627,921,610
Consumer Staples - 13.8%
Archer-Daniels-Midland Co.		1,589,088		55,904,116
Kellogg Co.		782,091		46,917,639
Kimberly-Clark Corp.		917,371		117,304,230
Mondelez International, Inc., Class A		2,028,629		101,593,740
PepsiCo, Inc.		1,229,342		147,643,974
Philip Morris International, Inc.		1,439,389		105,017,822
Procter & Gamble Co. (The)		1,197,139		131,685,290
				706,066,811
Energy - 2.8%
Chevron Corp.		1,870,944		135,568,602
Cimarex Energy Co.		434,564		7,313,712
				142,882,314
Financials - 23.8%
American International Group, Inc.		5,572,387		135,130,385
Berkshire Hathaway, Inc., Class B(a)		975,278		178,310,077
Charles Schwab Corp. (The)		3,453,606		116,110,234
Citigroup, Inc.		4,115,932		173,363,056
First Republic Bank		924,108		76,035,606

Diamond Hill Large Cap Fund

Schedule of Investments (Continued)

Common Stocks - 97.3% (Continued)	Shares		Fair Value
Financials - 23.8% (Continued)
Hartford Financial Services Group, Inc. (The)		1,968,463	$	69,368,636
JPMorgan Chase & Co.		727,981		65,540,129
KKR & Co., Inc., Class A(b)		4,998,426		117,313,058
Loews Corp.		522,266		18,190,525
Marsh & McLennan Cos., Inc.		864,914		74,780,465
MetLife, Inc.		4,045,200		123,661,764
Morgan Stanley		2,226,593		75,704,162
				1,223,508,097
Health Care - 15.7%
Abbott Laboratories		3,052,300		240,856,993
Gilead Sciences, Inc.		1,137,463		85,036,734
Humana, Inc.		302,486		94,986,654
Medtronic plc		1,683,181		151,789,263
Pfizer, Inc.		3,977,538		129,826,840
Thermo Fisher Scientific, Inc.		373,534		105,934,242
				808,430,726
Industrials - 5.4%
Honeywell International, Inc.		472,617		63,231,428
Parker-Hannifin Corp.		703,123		91,216,147
United Technologies Corp.		1,294,534		122,113,392
				276,560,967
Information Technology - 8.3%
Cognizant Technology Solutions Corp., Class A		982,174		45,641,626
Fidelity National Information Services, Inc.		766,886		93,284,013
Microsoft Corp.		775,953		122,375,548
Texas Instruments, Inc.		885,408		88,478,821
Visa, Inc., Class A		465,379		74,981,865
				424,761,873
Materials - 2.8%
Linde plc		491,071		84,955,283
Sherwin-Williams Co. (The)		124,587		57,250,218
				142,205,501
Total Common Stocks			$	4,996,226,230

Diamond Hill Large Cap Fund

Schedule of Investments (Continued)

Registered Investment Companies - 2.2%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(c)		104,060,084		104,060,084
State Street Navigator Securities Lending Portfolio I, 0.90%(c)(d)		12,117,567		12,117,567
Total Registered Investment Companies			$	116,177,651
Total Investment Securities - 99.5% (Cost $4,836,005,900)			$	5,112,403,881
Other Assets in Excess of Liabilities - 0.5%				23,804,768
Net Assets - 100.0%			$	5,136,208,649

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $45,435,235.
(c)	The rate shown is the 7-day effective yield as of March 31, 2020.
(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $12,117,567. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $35,711,666.

plc - Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill All Cap Select Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 95.4%	Shares		Fair Value
Communication Services - 9.1%
Alphabet, Inc., Class A(a)		7,617	$	8,850,573
Facebook, Inc., Class A(a)		30,722		5,124,430
Walt Disney Co. (The)		45,979		4,441,571
				18,416,574
Consumer Discretionary - 13.5%
Booking Holdings, Inc.(a)		2,813		3,784,385
BorgWarner, Inc.		300,929		7,333,640
Hanesbrands, Inc.(b)		879,532		6,921,917
Red Rock Resorts, Inc., Class A		416,764		3,563,332
Vail Resorts, Inc.		38,986		5,758,622
				27,361,896
Consumer Staples - 13.7%
Archer-Daniels-Midland Co.		134,581		4,734,560
Cal-Maine Foods, Inc.(b)		243,458		10,707,283
Mondelez International, Inc., Class A		116,395		5,829,062
Philip Morris International, Inc.		87,130		6,357,005
				27,627,910
Financials - 30.6%
American International Group, Inc.		497,627		12,067,455
Bank OZK		216,712		3,619,090
Berkshire Hathaway, Inc., Class B(a)		62,847		11,490,317
Charles Schwab Corp. (The)		186,817		6,280,787
Citigroup, Inc.		95,888		4,038,803
KKR & Co., Inc., Class A		320,284		7,517,065
MetLife, Inc.		212,852		6,506,886
Mr. Cooper Group, Inc.(a)		1,404,345		10,293,849
				61,814,252
Health Care - 2.3%
GlaxoSmithKline plc - ADR(b)		125,982		4,773,458
Industrials - 17.4%
Cimpress plc(a)(b)		73,356		3,902,539
Colfax Corp.(a)		343,730		6,805,854
Copa Holdings SA, Class A		44,863		2,031,845
Hub Group, Inc., Class A(a)		109,282		4,969,052

Diamond Hill All Cap Select Fund

Schedule of Investments (Continued)

Common Stocks - 95.4% (Continued)	Shares		Fair Value
Industrials - 17.4% (Continued)
Johnson Controls International plc		171,534	$	4,624,557
Kirby Corp.(a)		114,649		4,983,792
United Airlines Holdings, Inc.(a)		62,959		1,986,356
WESCO International, Inc.(a)		257,830		5,891,415
				35,195,410
Information Technology - 7.4%
Cognizant Technology Solutions Corp., Class A		126,293		5,868,836
Sanmina Corp.(a)		135,206		3,688,420
Visa, Inc., Class A		33,126		5,337,261
				14,894,517
Materials - 1.4%
Ashland Global Holdings, Inc.		56,041		2,805,973
Total Common Stocks			$	192,889,990

Registered Investment Companies - 7.8%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(c)		8,966,832		8,966,832
State Street Navigator Securities Lending Portfolio I, 0.90%(c)(d)		6,728,799		6,728,799
Total Registered Investment Companies			$	15,695,631
Total Investment Securities - 103.2% (Cost $252,669,777)			$	208,585,621
Liabilities in Excess of Other Assets - (3.2)%				(6,365,054	)
Net Assets - 100.0%			$	202,220,567

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $9,416,556.
(c)	The rate shown is the 7-day effective yield as of March 31, 2020.
(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $6,728,799. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $3,186,494.

ADR -	American Depositary Receipt
plc -	Public Limited Company
SA -	Societe Anonyme

See accompanying notes to Schedules of Investments.

Diamond Hill Long-Short Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 86.9%	Shares		Fair Value
Communication Services - 10.5%
Alphabet, Inc., Class A(a)(b)(c)		79,190	$	92,014,821
Comcast Corp., Class A(a)		1,357,645		46,675,835
Facebook, Inc., Class A(a)(b)		416,175		69,417,990
Walt Disney Co. (The)(a)		548,019		52,938,635
				261,047,281
Consumer Discretionary - 7.6%
Advance Auto Parts, Inc.(a)		359,660		33,563,471
Booking Holdings, Inc.(a)(b)		33,670		45,296,924
BorgWarner, Inc.(a)		1,855,755		45,224,749
Hanesbrands, Inc.(a)(c)		3,896,845		30,668,170
TJX Cos., Inc. (The)		692,028		33,085,859
				187,839,173
Consumer Staples - 4.6%
Archer-Daniels-Midland Co.		1,253,405		44,094,788
Constellation Brands, Inc., Class A(a)		245,334		35,171,082
Mondelez International, Inc., Class A		676,485		33,878,369
				113,144,239
Energy - 2.1%
Chevron Corp.(a)		369,810		26,796,433
Cimarex Energy Co.(a)		1,446,014		24,336,416
				51,132,849
Financials - 23.0%
American International Group, Inc.(a)		3,006,000		72,895,500
Bank OZK(a)		2,338,194		39,047,840
BankUnited, Inc.(a)		1,327,618		24,826,457
Berkshire Hathaway, Inc., Class B(a)(b)(c)		428,160		78,280,493
Charles Schwab Corp. (The)(a)		1,502,800		50,524,136
Citigroup, Inc.(c)		1,367,684		57,606,850
First Republic Bank(a) (c)		329,575		27,117,431
Hartford Financial Services Group, Inc. (The)		978,326		34,476,208
JPMorgan Chase & Co.(a)		124,355		11,195,681
KKR & Co., Inc., Class A(a)		1,999,247		46,922,327
MetLife, Inc.(a)(c)		2,133,654		65,225,803
Morgan Stanley(a)		961,513		32,691,442

Diamond Hill Long-Short Fund

Schedule of Investments (Continued)

Common Stocks - 86.9% (Continued)	Shares		Fair Value
Financials - 23.0% (Continued)
SVB Financial Group(a)(b)		186,063	$	28,110,398
				568,920,566
Health Care - 14.3%
Abbott Laboratories(a)		607,655		47,950,056
Allergan plc(c)		342,612		60,676,585
CVS Health Corp.		448,609		26,615,972
Humana, Inc.(a)		165,010		51,816,440
Medtronic plc(a)(c)		623,649		56,240,667
Perrigo Co. plc(a)		1,253,370		60,274,563
Pfizer, Inc.		1,568,250		51,187,680
				354,761,963
Industrials - 8.2%
Alaska Air Group, Inc.		402,840		11,468,855
Johnson Controls International plc(a)(c)		2,577,774		69,496,787
Kirby Corp.(a)(b)		909,451		39,533,835
Parker-Hannifin Corp.		162,095		21,028,584
Sensata Technologies Holding plc(a)(b)		897,222		25,956,632
United Airlines Holdings, Inc.(a)(b)(c)		1,157,000		36,503,350
				203,988,043
Information Technology - 9.6%
Cognizant Technology Solutions Corp., Class A		1,144,210		53,171,439
Fidelity National Information Services, Inc.(a)		392,331		47,723,143
Microsoft Corp.(c)		446,022		70,342,130
Texas Instruments, Inc.(a)		317,890		31,766,748
Visa, Inc., Class A(a)		222,295		35,816,170
				238,819,630
Materials - 7.0%
Ashland Global Holdings, Inc.(a)		874,173		43,769,842
Axalta Coating Systems Ltd.(a)(b)(c)		1,782,909		30,790,838
RPM International, Inc.(a)		430,455		25,612,073
Sherwin-Williams Co. (The)(a)		77,650		35,681,728
W.R. Grace & Co.(a)		1,044,301		37,177,116
				173,031,597
Total Common Stocks			$	2,152,685,341

Diamond Hill Long-Short Fund

Schedule of Investments (Continued)

Registered Investment Companies - 31.2%	Shares		Fair Value
Diamond Hill Short Duration Total Return Fund, Class Y(d)		5,827,982		54,025,393
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(e)		219,011,942		219,011,942
State Street Navigator Securities Lending Portfolio I, 0.90%(e)(f)		499,880,194		499,880,194
Total Registered Investment Companies			$	772,917,529
Total Investment Securities - 118.1% (Cost $3,042,382,646)			$	2,925,602,870
Segregated Cash With Custodian - 25.6%				633,403,249
Investments Sold Short - (24.4)% (Proceeds $743,099,052)				(603,061,602	)
Liabilities in Excess of Other Assets - (19.3)%				(478,605,292	)
Net Assets - 100.0%			$	2,477,339,225

(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $481,517,922.
(b)	Non-income producing security.
(c)	All or a portion of the shares have been pledged as collateral for open short positions.
(d)	Affiliated Fund.
(e)	The rate shown is the 7-day effective yield as of March 31, 2020.
(f)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $499,880,194.

plc - Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill Long-Short Fund

Schedule of Investments Sold Short

March 31, 2020 (Unaudited)

Common Stocks - 24.3%	Shares		Fair Value
Communication Services - 1.0%
Cogent Communications Holdings, Inc.		252,220	$	20,674,473
Omnicom Group, Inc.		61,902		3,398,420
				24,072,893
Consumer Discretionary - 5.1%
Asbury Automotive Group, Inc.		106,526		5,883,431
AutoNation, Inc.		179,867		5,047,068
Best Buy Co., Inc.		268,454		15,301,878
Cheesecake Factory, Inc. (The)		330,483		5,644,650
Dick's Sporting Goods, Inc.		580,011		12,331,034
Grand Canyon Education, Inc.		322,011		24,564,609
PulteGroup, Inc.		294,408		6,571,187
Tesla, Inc.		47,542		24,912,008
Walmart, Inc.		95,537		10,854,914
Whirlpool Corp.		175,638		15,069,740
				126,180,519
Consumer Staples - 2.9%
Boston Beer Co., Inc., Class A		93,185		34,251,079
Brown-Forman Corp., Class B		691,040		38,359,630
				72,610,709
Financials - 4.2%
Bank of Hawaii Corp.		244,803		13,522,918
Cincinnati Financial Corp.		205,810		15,528,364
Commerce Bancshares, Inc.		784,526		39,500,884
FactSet Research Systems, Inc.		68,275		17,797,927
First American Financial Corp.		97,963		4,154,611
First Financial Bankshares, Inc.		490,845		13,174,280
				103,678,984
Health Care - 1.7%
Henry Schein, Inc.		121,160		6,121,003
Integra LifeSciences Holdings Corp.		263,269		11,760,226
Waters Corp.		139,595		25,413,270
				43,294,499
Industrials - 4.1%
Cintas Corp.		44,995		7,794,034
Hawaiian Holdings, Inc.		378,840		3,955,090

Diamond Hill Long-Short Fund

Schedule of Investments Sold Short (Continued)

Common Stocks - 24.3% (Continued)	Shares		Fair Value
Industrials - 4.1% (Continued)
PACCAR, Inc.		571,937	$	34,962,509
Robert Half International, Inc.		392,145		14,803,474
W.W. Grainger, Inc.		136,288		33,867,568
Wabtec Corp.		115,965		5,581,395
				100,964,070
Information Technology - 4.2%
Badger Meter, Inc.		145,070		7,775,752
Blackbaud, Inc.		236,311		13,127,076
Cisco Systems, Inc.		353,578		13,899,151
j2 Global, Inc.		365,614		27,366,208
Oracle Corp.		531,515		25,688,120
Western Union Co. (The)		831,813		15,080,770
				102,937,077
Materials - 0.1%
Silgan Holdings, Inc.		115,345		3,347,312
Real Estate - 0.2%
VEREIT, Inc.		987,230		4,827,555
Utilities - 0.9%
Consolidated Edison, Inc.		271,128		21,147,984
Total Investments Sold Short - 24.3% (Proceeds $743,099,052)			$	603,061,602

Percentages disclosed are based on total net assets of the Fund at March 31, 2020.

See accompanying notes to Schedules of Investments and Investments Sold Short.

Diamond Hill Research Opportunities Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Common Stocks - 103.4%	Shares		Fair Value
Communication Services - 16.3%
Alphabet, Inc., Class A(a)		1,933	$	2,246,049
Baidu, Inc. - ADR(a)		2,879		290,174
Charter Communications, Inc., Class A(a)		890		388,316
Facebook, Inc., Class A(a)(b)		9,891		1,649,819
Liberty Media Corp. - Liberty Formula One - Series C(a)(b)		29,180		794,571
Tencent Holdings Ltd. (HK)		13,400		662,338
Walt Disney Co. (The)(b)		5,346		516,424
Zynga, Inc., Class A(a)		44,064		301,838
				6,849,529
Consumer Discretionary - 10.0%
Advance Auto Parts, Inc.(c)		3,305		308,423
EssilorLuxottica SA (FR)		3,523		372,709
Hanesbrands, Inc.(b)		20,000		157,400
McDonald's Corp.(b)		1,570		259,600
NIKE, Inc., Class B		1,500		124,110
NVR, Inc.(a)		190		488,131
O'Reilly Automotive, Inc.(a)(b)		800		240,840
Red Rock Resorts, Inc., Class A		75,768		647,816
Starbucks Corp.(b)		2,595		170,595
TJX Cos., Inc. (The)		3,297		157,630
Vail Resorts, Inc.(b)		7,550		1,115,211
VF Corp.(b)		3,100		167,648
				4,210,113
Consumer Staples - 4.1%
Archer-Daniels-Midland Co.		7,300		256,814
Cal-Maine Foods, Inc.(b)		14,000		615,720
Constellation Brands, Inc., Class A(b)		1,200		172,032
Mondelez International, Inc., Class A		1,300		65,104
Seaboard Corp.		225		632,880
				1,742,550
Energy - 0.6%
Chevron Corp.		1,268		91,879
Cimarex Energy Co.		3,500		58,905
Noble Energy, Inc.(b)		7,000		42,280

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Common Stocks - 103.4% (Continued)	Shares		Fair Value
Energy - 0.6% (Continued)
WPX Energy, Inc.(a)		14,851	$	45,296
				238,360
Financials - 13.6%
Banco Bilbao Vizcaya Argentaria SA (ES)		28,347		87,710
Bank of New York Mellon Corp. (The)		17,210		579,633
Bank OZK(c)		32,695		546,007
BankUnited, Inc.		9,720		181,764
Cadence BanCorp		25,518		167,143
Charles Schwab Corp. (The)		15,449		519,395
Credit Suisse Group AG (SW)		6,835		55,175
Fairfax India Holdings Corp.(a)		13,412		88,117
First Republic Bank		6,618		544,529
Julius Baer Group Ltd. (SW)(a)		838		28,074
Kasikornbank pcl - NVDR (TH)		33,900		94,404
Live Oak Bancshares, Inc.(c)		34,430		429,342
Morgan Stanley(c)		16,595		564,230
Mr. Cooper Group, Inc.(a)(c)		95,369		699,055
Northern Trust Corp.(b)		5,603		422,802
SCOR SE (FR)		1,000		21,984
Sterling Bancorp(b)		15,837		165,497
SVB Financial Group(a)(c)		3,470		524,248
				5,719,109
Health Care - 18.0%
Allergan plc(c)		4,310		763,301
Boston Scientific Corp.(a)		24,815		809,713
Humana, Inc.		3,530		1,108,491
Integer Holdings Corp.(a)		3,600		226,296
McKesson Corp.		5,875		794,653
Medtronic plc(c)		9,250		834,165
Perrigo Co. plc		23,574		1,133,674
Pfizer, Inc.		25,210		822,854
Thermo Fisher Scientific, Inc.		3,877		1,099,517
				7,592,664
Industrials - 14.0%
Alaska Air Group, Inc.		1,868		53,182
Allegiant Travel Co.(b)		790		64,622

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Common Stocks - 103.4% (Continued)	Shares		Fair Value
Industrials - 14.0% (Continued)
Astronics Corp.(a)(c)		40,000	$	367,200
Colfax Corp.(a)(b)		36,896		730,541
Copa Holdings SA, Class A(b)		8,306		376,179
Fastenal Co.(b)		7,200		225,000
Honeywell International, Inc.(b)		1,733		231,858
Howden Joinery Group plc (GB)		40,500		255,016
Hub Group, Inc., Class A(a)(b)		1,563		71,070
IAA, Inc.(a)(b)		4,365		130,775
Johnson Controls International plc		5,791		156,125
Sensata Technologies Holding plc(a)(c)		28,916		836,540
SPX FLOW, Inc.(a)(b)		5,806		165,007
Stericycle, Inc.(a)(b)		23,630		1,147,945
Textron, Inc.(b)		4,427		118,068
United Airlines Holdings, Inc.(a)(c)		15,513		489,435
United Technologies Corp.		2,352		221,864
Welbilt, Inc.(a)		16,203		83,121
WESCO International, Inc.(a)		6,790		155,152
				5,878,700
Information Technology - 16.3%
Avnet, Inc.		6,761		169,701
Cognizant Technology Solutions Corp., Class A(c)		26,876		1,248,928
Fidelity National Information Services, Inc.		5,330		648,341
Fiserv, Inc.(a)(b)		6,250		593,688
Microsoft Corp.(c)		6,880		1,085,045
NXP Semiconductors NV		2,124		176,143
Sanmina Corp.(a)		25,088		684,401
TE Connectivity Ltd.		5,116		322,206
Texas Instruments, Inc.		6,408		640,351
Visa, Inc., Class A		4,407		710,056
WNS Holdings Ltd. - ADR(a)		13,877		596,433
				6,875,293
Materials - 6.5%
Ashland Global Holdings, Inc.(c)		23,423		1,172,790
LANXESS AG (DE)		6,850		272,448
Linde plc		3,275		566,575
Sherwin-Williams Co. (The)		950		436,544

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Common Stocks - 103.4% (Continued)	Shares		Fair Value
Materials - 6.5% (Continued)
W.R. Grace & Co.(c)		7,550	$	268,780
				2,717,137
Real Estate - 3.7%
American Campus Communities, Inc. REIT		6,610		183,428
CubeSmart REIT		11,206		300,209
Douglas Emmett, Inc.		7,435		226,842
Essex Property Trust, Inc. REIT		1,035		227,948
iStar, Inc. REIT(b)		14,750		156,498
JBG SMITH Properties(b)		6,505		207,054
Mid-America Apartment Communities, Inc. REIT		1,395		143,727
Public Storage REIT(b)		596		118,372
				1,564,078
Utilities - 0.3%
UGI Corp.(b)		5,391		143,778
Total Common Stocks			$	43,531,311

Corporate Bonds - 0.3%	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer Goods - 0.3%
Sysco Corp.	6.600%	04/01/50	$	100,000	$	108,660

Registered Investment Companies - 32.8%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(d)		3,753,706		3,753,706
State Street Navigator Securities Lending Portfolio I, 0.90%(d)(e)		10,054,991		10,054,991
Total Registered Investment Companies			$	13,808,697

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Total Investment Securities - 136.5%(Cost $63,350,862)	$	57,448,668
Segregated Cash With Custodian - 3.0%		1,255,785
Investments Sold Short - (15.8)% (Proceeds $7,333,811)		(6,628,507	)
Liabilities in Excess of Other Assets - (23.7)%		(9,956,362	)
Net Assets - 100.0%	$	42,119,584

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $9,796,677.
(c)	All or a portion of the shares have been pledged as collateral for open short positions.
(d)	The rate shown is the 7-day effective yield as of March 31, 2020.
(e)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $10,054,991.

ADR -	American Depositary Receipt
AG -	Aktiengesellschaft
DE -	German Security
ES -	Spanish Security
FR -	French Security
GB -	British Security
HK -	Hong Kong Security
NV -	Naamloze Vennootschap
NVDR -	Non-Voting Depositary Receipt
pcl-	Public Company Limited
plc -	Public Limited Company
REIT -	Real Estate Investment Trust
SA -	Societe Anonyme
SE -	Societas Europaea
SW -	Swiss Security
TH -	Thai Security

See accompanying notes to Schedules of Investments.

Diamond Hill Research Opportunities Fund

Schedule of Investments Sold Short

March 31, 2020 (Unaudited)

Common Stocks - 15.8%	Shares		Fair Value
Communication Services - 0.9%
Cogent Communications Holdings, Inc.		4,030	$	330,339
Omnicom Group, Inc.		666		36,563
				366,902
Consumer Discretionary - 4.4%
Asbury Automotive Group, Inc.		500		27,615
AutoNation, Inc.		1,410		39,565
Best Buy Co., Inc.		2,397		136,629
Cheesecake Factory, Inc. (The)		809		13,818
Dick's Sporting Goods, Inc.		2,600		55,276
Grand Canyon Education, Inc.		5,596		426,891
lululemon athletica, inc.		2,113		400,519
PulteGroup, Inc.		5,885		131,353
Tesla, Inc.		822		430,728
Under Armour, Inc., Class A		6,365		58,622
Walmart, Inc.		625		71,013
Whirlpool Corp.		737		63,235
				1,855,264
Consumer Staples - 0.8%
Boston Beer Co., Inc., Class A		596		219,066
Brown-Forman Corp., Class B		2,230		123,787
				342,853
Financials - 3.2%
Bank of Hawaii Corp.		3,025		167,101
Cincinnati Financial Corp.		1,335		100,726
Commerce Bancshares, Inc.		4,407		221,892
First Financial Bankshares, Inc.		13,658		366,581
Northwest Bancshares, Inc.		6,620		76,593
Starwood Property Trust, Inc.		10,658		109,245
Westamerica Bancorp.		5,295		311,240
				1,353,378
Health Care - 1.0%
Align Technology, Inc.		570		99,152
Henry Schein, Inc.		1,800		90,936
Waters Corp.		1,200		218,460
				408,548

Diamond Hill Research Opportunities Fund

Schedule of Investments Sold Short (Continued)

Common Stocks - 15.8% (Continued)	Shares		Fair Value
Industrials - 0.8%
AAON, Inc.		455	$	21,986
Boeing Co. (The)		181		26,994
Cintas Corp.		74		12,818
Lennox International, Inc.		120		21,815
PACCAR, Inc.		1,400		85,582
Robert Half International, Inc.		1,378		52,020
W.W. Grainger, Inc.		407		101,140
				322,355
Information Technology - 3.8%
Amkor Technology, Inc.		8,074		62,896
Badger Meter, Inc.		2,586		138,610
Blackbaud, Inc.		5,221		290,027
Cisco Systems, Inc.		8,877		348,955
j2 Global, Inc.		460		34,431
Oracle Corp.		9,018		435,840
Western Union Co. (The)		14,971		271,424
				1,582,183
Real Estate - 0.4%
EastGroup Properties, Inc.		1,411		147,421
VEREIT, Inc.		8,295		40,563
				187,984
Utilities - 0.5%
Consolidated Edison, Inc.		2,680		209,040
Total Investments Sold Short - 15.7% (Proceeds $7,333,811)			$	6,628,507

Percentages disclosed are based on total net assets of the Fund at March 31, 2020.

See accompanying notes to Schedules of Investments and Investments Sold Short.

Diamond Hill Global Fund

Schedule of Investments

March 31, 2020

Common Stocks - 98.0%	Shares		Value
Belgium - 3.1%
Anheuser-Busch InBev SA/NV		10,169	$	448,817
China - 2.4%
Baidu, Inc. - ADR(a)		3,460		348,733
France - 8.3%
EssilorLuxottica SA		4,400		465,490
Euronext NV		4,800		353,167
SCOR SE		18,421		404,973
				1,223,630
Germany - 2.9%
Fuchs Petrolub SE		13,315		425,123
Israel - 3.8%
Check Point Software Technologies Ltd.(a)	��	5,572		560,209
Japan - 1.9%
Seven & i Holdings Co. Ltd.		8,600		284,035
Netherlands - 1.3%
Unilever NV		4,031		197,976
South Korea - 2.8%
Samsung Electronics Co. Ltd.		10,685		415,062
Switzerland - 3.7%
Julius Baer Group Ltd.(a)		16,437		550,667
Thailand - 1.4%
Kasikornbank pcl - NVDR		73,200		203,845
United Kingdom - 11.7%
Ashmore Group plc		72,682		320,344
Beazley plc		51,467		248,499
BT Group plc		193,311		281,452

Diamond Hill Global Fund

Schedule of Investments (Continued)

Common Stocks - 98.0% (Continued)	Shares		Value
United Kingdom - 11.7% (Continued)
Diageo plc		11,854	$	376,244
Howden Joinery Group plc		77,469		487,799
				1,714,338
United States - 54.7%
Alphabet, Inc., Class C(a)		400		465,124
American International Group, Inc.		20,698		501,926
Archer-Daniels-Midland Co.		3,225		113,455
Berkshire Hathaway, Inc., Class B(a)		3,609		659,833
Booking Holdings, Inc.(a)		200		269,064
BorgWarner, Inc.		20,146		490,958
Charles Schwab Corp. (The)		10,370		348,639
Cimpress plc(a)(b)		3,029		161,143
Citigroup, Inc.		5,557		234,061
Cognizant Technology Solutions Corp., Class A		5,279		245,315
Copa Holdings SA, Class A		3,565		161,459
Facebook, Inc., Class A(a)		1,975		329,430
Hanesbrands, Inc.(b)		29,262		230,292
Hub Group, Inc., Class A(a)		7,477		339,979
Johnson Controls International plc		9,762		263,184
Kirby Corp.(a)		7,690		334,284
KKR & Co., Inc., Class A		20,312		476,723
MetLife, Inc.		15,040		459,773
Mondelez International, Inc., Class A		6,026		301,782
Philip Morris International, Inc.		4,012		292,716
Red Rock Resorts, Inc., Class A		24,357		208,252
Sanmina Corp.(a)		10,511		286,740
United Airlines Holdings, Inc.(a)		4,463		140,808
Vail Resorts, Inc.		2,173		320,974
Visa, Inc., Class A		1,190		191,733
Walt Disney Co. (The)		2,233		215,708
				8,043,355
Total Common Stocks			$	14,415,790

Diamond Hill Global Fund

Schedule of Investments (Continued)

Registered Investment Companies - 3.1%	Par Value		Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(c)		271,536		271,536
State Street Navigator Securities Lending Portfolio I, 0.90%(c)(d)		187,449		187,449
Total Registered Investment Companies			$	458,985
Total Investments at Value - 101.1% (Cost $19,404,377)			$	14,874,775
Liabilities in Excess of Other Assets - (1.1)%				(161,932	)
Net Assets - 100.0%			$	14,712,843

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $275,512.
(c)	The rate shown is the 7-day effective yield as of March 31, 2020.
(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $187,449. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $103,900.

ADR -	American Depositary Receipt
NV -	Naamloze Vennootschap
NVDR -	Non-Voting Depositary Receipt
pcl-	Public Company Limited
plc -	Public Limited Company
SA -	Societe Anonyme
SE -	Societas Europaea

See accompanying notes to Schedules of Investments.

Diamond Hill International Fund

Schedule of Investments

March 31, 2020

Common Stocks - 99.1%	Shares		Value
Belgium - 3.9%
Anheuser-Busch InBev SA/NV		9,904	$	437,121
Canada - 4.3%
Fairfax Financial Holdings Ltd.		991		303,837
Rogers Communications, Inc., Class B		4,100		170,273
				474,110
China - 4.1%
Baidu, Inc. - ADR(a)		3,024		304,789
Noah Holdings Ltd. - ADR(a)(b)		5,942		153,660
				458,449
France - 9.6%
EssilorLuxottica SA		2,819		298,231
LVMH Moet Hennessy Louis Vuitton SE		354		129,730
Safran SA		2,327		206,007
SCOR SE		9,958		218,920
Vivendi SA		10,360		218,877
				1,071,765
Germany - 3.9%
Beiersdorf AG		1,398		140,657
Fuchs Petrolub SE		5,907		210,544
Software AG		2,757		82,105
				433,306
Hong Kong - 3.7%
Tencent Holdings Ltd.		8,300		410,254
India - 2.2%
HDFC Bank Ltd. - ADR		6,448		247,990
Israel - 3.5%
Check Point Software Technologies Ltd.(a)		3,919		394,016
Japan - 9.9%
Astellas Pharma, Inc.		15,600		240,373
FANUC Corp.		800		106,909
Kao Corp.		800		65,179
KDDI Corp.		11,400		336,765
Seven & i Holdings Co. Ltd.		10,800		356,696
				1,105,922

Diamond Hill International Fund

Schedule of Investments (Continued)

Common Stocks - 99.1% (Continued)	Shares		Value
Mexico - 2.4%
Grupo Aeroportuario del Sureste SAB de CV, Class B		18,826	$	177,469
Telesites SAB de CV(a)		133,806		87,604
				265,073
Netherlands - 4.2%
Unilever NV		9,633		473,109
South Korea - 2.8%
Samsung Electronics Co. Ltd.		7,936		308,276
Spain - 0.9%
Banco Bilbao Vizcaya Argentaria SA		31,443		97,290
Switzerland - 10.9%
Compagnie Financiere Richemont SA		3,521		188,235
Julius Baer Group Ltd.(a)		9,069		303,826
Novartis AG - ADR		3,441		283,710
Roche Holding AG		851		273,837
Swatch Group AG (The)		875		171,870
				1,221,478
Taiwan Province of China - 1.6%
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		3,814		182,271
Thailand - 1.7%
Kasikornbank pcl - NVDR		69,400		193,263
United Kingdom - 18.1%
Ashmore Group plc		48,535		213,917
Beazley plc		29,079		140,403
BT Group plc		170,258		247,888
Bunzl plc		7,611		152,492
Diageo plc		12,302		390,463
GlaxoSmithKline plc		21,199		398,162
Howden Joinery Group plc		42,472		267,433

Diamond Hill International Fund

Schedule of Investments (Continued)

Common Stocks - 99.1% (Continued)	Shares		Value
United Kingdom - 18.1% (Continued)
Tesco plc		69,889	$	197,557
				2,008,315
United States - 11.5%
Alphabet, Inc., Class A(a)		236		274,220
Copa Holdings SA, Class A		4,383		198,506
Facebook, Inc., Class A(a)		1,025		170,970
LivaNova plc(a)		1,773		80,228
Palo Alto Networks, Inc.(a)		715		117,231
Walt Disney Co. (The)		4,577		442,138
				1,283,293
Total Common Stocks			$	11,065,301

Registered Investment Companies - 0.8%	Par Value		Value
State Street Institutional US Government Money Market, Premier Class, 0.33%(c)		65,940		65,940
State Street Navigator Securities Lending Portfolio I, 0.90%(c)(d)		27,225		27,225
Total Registered Investment Companies			$	93,165
Total Investments at Value - 99.9% (Cost $13,605,254)			$	11,158,466
Other Assets in Excess of Liabilities - 0.1%				7,185
Net Assets - 100.0%			$	11,165,651

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $153,660.
(c)	The rate shown is the 7-day effective yield as of March 31, 2020.
(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $27,225. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $119,840.

ADR - American Depositary Receipt

AG - Aktiengesellschaft

NV - Naamloze Vennootschap

NVDR - Non-Voting Depositary Receipt

pcl - Public Company Limited

plc - Public Limited Company

SA - Societe Anonyme

SAB de CV - Societe Anonima Bursatil de Capital Variable

SE - Societas Europaea

See accompanying notes to Schedules of Investments.

Diamond Hill Short Duration Total Return Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Corporate Credit - 2.8%	Coupon	Maturity	Shares / Par Value		Fair Value
Banking - 0.9%
Citigroup, Inc.	2.350%	08/02/21	$	500,000	$	499,513
DBS Group Holdings Ltd. (3MO LIBOR + 49)(a)(b)	1.489%	06/08/20		1,500,000		1,497,180
Goldman Sachs Group, Inc. (3MO LIBOR + 111)(b)	2.904%	04/26/22		450,000		437,729
JPMorgan Chase & Co.	3.086%	04/26/21		500,000		499,792
JPMorgan Chase & Co. (3MO LIBOR + 100)(b)	2.831%	01/15/23		400,000		383,642
Mizuho Financial Group	2.273%	09/13/21		500,000		494,205
PNC Bank NA	1.743%	02/24/23		420,000		413,218
Toronto-Dominion Bank (The) (3MO LIBOR + 43)(b)	1.198%	06/11/21		2,000,000		1,944,889
Toronto-Dominion Bank (The)(b)	0.490%	01/27/23		375,000		351,265
						6,521,433
Capital Goods - 0.0%(c)
Welbilt, Inc.	9.500%	02/15/24		100,000		85,000
Communications - 0.2%
American Tower Corp.(d)	2.250%	01/15/22		250,000		244,026
British Telecommunications plc	4.500%	12/04/23		500,000		523,836
Cogent Communications, Inc.(a)	5.625%	04/15/21		200,000		197,000
Crown Castle International Corp.	2.250%	09/01/21		425,000		419,048
Twenty-First Century Fox, Inc.	4.030%	01/25/24		450,000		467,529
						1,851,439
Consumer Cyclical - 0.7%
CCM Merger, Inc.(a)	6.000%	03/15/22		200,000		164,000
Daimler Finance LLC(a)	1.750%	03/10/23		2,400,000		2,259,796
Fiat Chrysler Automobiles NV	4.500%	04/15/20		200,000		199,418
Ford Motor Credit Co. LLC	5.584%	03/18/24		250,000		231,875
General Motors Financial Co., Inc.	3.200%	07/06/21		25,000		23,873
General Motors Financial Co., Inc.	4.200%	11/06/21		950,000		903,222
Toyota Motor Credit Corp. (3MO LIBOR + 54)(b)(d)	2.412%	01/08/21		1,000,000		988,504
						4,770,688

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Corporate Credit - 2.8% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer Non-Cyclical - 0.1%
Zoetis, Inc.	3.250%	08/20/21	$	450,000	$	456,077
Energy - 0.3%
Diamondback Energy, Inc.	5.375%	05/31/25		767,000		565,602
Energy Transfer Operating LP	4.500%	04/15/24		925,000		825,129
Welltec A/S(a)	9.500%	12/01/22		200,000		188,000
WPX Energy, Inc.	5.250%	09/15/24		1,000,000		610,000
						2,188,731
Insurance - 0.5%
Athene Global Funding(a)	2.500%	01/14/25		1,450,000		1,366,077
Jackson National Life Global Funding (3MO LIBOR + 48)(a)(b)	1.248%	06/11/21		950,000		911,333
Jackson National Life Global Funding(a)	2.100%	10/25/21		200,000		198,781
Met Life Global Funding I(a)	3.375%	01/11/22		500,000		507,624
Met Life Global Funding I(a)(d)	1.950%	01/13/23		450,000		440,481
Principal Life Global Funding II(a)	2.375%	11/21/21		400,000		394,279
						3,818,575
Technology - 0.1%
Dell International LLC(a)(d)	4.000%	07/15/24		500,000		504,441
Transportation - 0.0%(c)
Continental Airlines Pass-Through Trust, Series 2012-1, Class B	6.250%	10/11/21		59,711		59,673
U.S. Airways Pass-Through Trust, Series 2012-2, Class B	6.750%	12/03/22		134,837		130,551
United Airlines Pass-Through Trust, Series 2013-1, Class B	5.375%	02/15/23		74,214		71,798
United Airlines Pass-Through Trust, Series 2007-1, Class A	6.636%	01/02/24		106,964		97,892
						359,914
Total Corporate Credit					$	20,556,298

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3%	Coupon	Maturity	Shares / Par Value		Fair Value
ABS-Other - 15.0%
Access Point Financial, Inc., Series 2017-A, Class C(a)	5.820%	04/15/29	$	4,750,000	$	4,779,097
Access Point Financial, Inc., Series 2017-A, Class D(a)	6.000%	04/15/29		5,000,000		5,029,718
BXG Receivables Note Trust, Series 2012-A, Class B(a)	3.990%	12/02/27		264,656		258,779
Credibly Asset Securitization LLC, Pool #FN 252409, Series 2018-1A, Class A(a)(g)	4.800%	11/15/23		2,000,000		1,953,883
Diamond Resorts Owner Trust, Series 2019-1A, Class B(a)	3.530%	02/20/32		976,735		939,457
FMC GMSR Issuer Trust, Series 2019-GT2, Class A(a)	4.230%	09/25/24		5,000,000		3,140,649
FORA Financial Asset Securitization LLC, Series 2019-1, Class A(a)(g)	4.018%	10/15/24		5,000,000		4,754,421
FORA Financial Asset Securitization LLC, Series 2019-1, Class C(a)(g)	6.269%	10/15/24		835,000		791,324
Gold Key Resorts LLC, Series 2014-A, Class A(a)	3.220%	03/17/31		112,363		112,275
Hero Funding Trust, Series 2016-3B, Class B(a)	5.240%	09/20/42		216,867		216,349
Hero Funding Trust, Series 2016-1R, Class A1(a)	4.500%	09/21/42		347,031		347,871
Hero Funding Trust, Series 2016-4B, Class B(a)	4.990%	09/20/47		708,184		711,661
Kabbage Funding LLC, Series 2019-1, Class A(a)(g)	3.825%	03/15/24		8,500,000		8,266,290
Kabbage Funding LLC, Series 2019-1, Class C(a)(g)	4.611%	03/15/24		2,400,000		2,322,284
Kabbage Funding LLC, Series 2019-1, Class D(a)(g)	5.688%	03/15/24		1,550,000		1,500,923
MarketPlace Loan Trust, Series 2017-BS1, Class A(a)(b)(g)	3.500%	01/18/22		86,446		86,255
Mosaic Solar Loans LLC, Series 2017-2A, Class B(a)	4.770%	06/22/43		795,720		729,318
Mosaic Solar Loans LLC, Series 2017-2A, Class D (PO)(a)	0.000%	06/22/43		2,336,011		1,706,796
Nationstar HECM Loan Trust, Series 2019-1A, Class A(a)	2.651%	06/25/29		780,891		773,881

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
ABS-Other - 15.0% (Continued)
Newtek Small Business Loan Trust, Series 2018-1, Class B (1MO LIBOR + 300)(a)(b)(g)	3.947%	02/25/44	$	2,709,500	$	2,626,400
Newtek Small Business Loan Trust, Series 2019-01, Class A (1MO LIBOR + 165)(a)(b)(g)	2.350%	12/25/44		3,595,758		3,467,291
NFAS LLC, Series 2019-1, Class A(a)(g)	4.172%	08/15/24		3,000,000		2,843,547
Octane Receivables Trust, Series 2019-1A, Class A(a)	3.160%	09/20/23		3,852,968		3,829,247
Ocwen Master Advance Receivables, Series 2019-T1, Class DT1(a)	3.107%	08/15/50		1,350,000		1,342,006
Ocwen Master Advance Receivables, Series 2019-T1, Class ET1(a)	4.436%	08/15/50		1,250,000		1,242,606
Ocwen Master Advance Receivables, Series 2019-T2, Class ET2(a)(g)	4.322%	08/15/51		1,700,000		1,674,675
OnDeck Asset Securitization Trust, Series 2018-1A, Class B(a)(g)	4.020%	04/18/22		1,400,000		1,392,862
OnDeck Asset Securitization Trust, Series 2019-1A, Class D(a)(g)	4.020%	11/18/24		5,650,000		5,597,971
OnDeck Asset Securitization Trust, Series 2019-1A, Class E(a)(g)	5.150%	11/18/24		3,950,000		3,925,730
PNMAC GMSR Issuer Trust, Series 2018-GT1, Class A (1MO LIBOR + 285)(a)(b)	3.797%	02/25/23		2,000,000		1,834,339
Renew Financial LLC, Series 2017-1A, Class B(a)	5.750%	09/20/52		900,250		907,629
SFS Asset Securitization LLC, Series 2019-1, Class A(a)(g)	4.238%	06/10/25		4,250,000		4,012,169
SFS Asset Securitization LLC, Series 2019-1, Class B(a)(g)	5.023%	06/10/25		2,000,000		1,890,480
SFS Asset Securitization LLC, Series 2019-1, Class C(a)(g)	6.390%	06/10/25		746,000		706,908
Small Business Lending Trust, Series 2019-A, Class A(a)(g)	2.850%	07/15/26		1,532,630		1,501,989
Small Business Lending Trust, Series 2019-A, Class C(a)(g)	4.310%	07/15/26		4,700,000		4,401,260
Small Business Lending Trust, Series 2019-A, Class D(a)(g)	6.300%	07/15/26		5,000,000		4,631,457
Small Business Lending Trust, Series 2020-A, Class A(a)(g)	2.620%	12/15/26		5,649,765		5,504,232

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
ABS-Other - 15.0% (Continued)
Small Business Lending Trust, Series 2020-A, Class B(a)(g)	3.200%	12/15/26	$	1,800,000	$	1,684,374
Small Business Lending Trust, Series 2020-A, Class C(a)(g)	5.010%	12/15/26		5,950,000		5,483,362
TES LLC, Series 2017-1A, Class A(a)(g)	4.330%	10/20/47		4,356,608		3,401,029
TES LLC, Series 2017-1A, Class B(a)	7.740%	10/20/47		2,000,000		1,689,117
Westgate Resorts, Series 2016-1A, Class A(a)	3.500%	12/20/28		577,615		574,567
Westgate Resorts, Series 2018-1A, Class B(a)	3.580%	12/20/31		1,183,451		1,176,170
Westgate Resorts, Series 2018-1A, Class C(a)	4.100%	12/20/31		2,824,144		2,805,727
						108,568,375
Agency CMBS - 0.0%(c)
FNMA, Pool #FN AE0834(b)	4.135%	01/01/21		115,697		117,626

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO - 2.0%
FHLMC, Series 2979, Class FP (1MO LIBOR + 45)(b)	1.155%	05/15/35	$	450,981	$	442,565
FHLMC, Series 3121, Class FM (1MO LIBOR + 40)(b)	1.105%	03/15/36		498,923		494,509
FHLMC, Series 4613, Class AF (1MO LIBOR + 110)(b)	1.805%	11/15/37		887,698		899,641
FHLMC, Series 4085, Class FB (1MO LIBOR+40)(b)	1.105%	01/15/39		396,156		396,410
FHLMC, Series 4095, Class FB (1MO LIBOR +40)(b)	4.405%	04/15/39		194,411		194,555
FHLMC, Series 3925, Class FL (1MO LIBOR + 45)(b)	1.155%	01/15/41		382,200		380,922
FHLMC, Series 3895, Class BF (1MO LIBOR + 50)(b)	1.205%	07/15/41		416,471		411,078
FHLMC, Series 4314, Class PF (1MO LIBOR + 40)(b)	1.105%	07/15/43		365,093		362,242
FNMA, Series 2012-3, Class EA	3.500%	10/25/29		30,343		30,422
FNMA, Series 2006-56, Class DC (1MO LIBOR + 65)(b)	1.597%	07/25/36		990,890		996,260
FNMA, Series 2006-108, Class FD (1MO LIBOR + 38)(b)	1.327%	11/25/36		389,142		384,517
FNMA, Series 2010-136, Class FA (1MO LIBOR + 50)(b)	1.447%	12/25/40		417,855		413,562
FNMA, Series 2011-86, Class KF (1MO LIBOR +55)(b)	1.497%	09/25/41		589,828		587,167
FNMA, Series 2012-9, Class FC (1MO LIBOR + 40)(b)	1.347%	02/25/42		276,483		273,790
FNMA, Series 2012-33, Class F (1MO LIBOR + 52)(b)	1.467%	04/25/42		246,998		246,019
GNMA, Series 2007-18, Class FD (1MO LIBOR + 30)(b)	1.073%	04/20/37		648,976		641,659
GNMA, Series 2008-16, Class FC (1MO LIBOR + 50)(b)	1.273%	02/20/38		521,975		518,418
GNMA, Series 2011-18, Class NA	4.000%	05/20/39		538		537
GNMA, Series 2012-149, Class GF (1MO LIBOR + 30)(b)	1.073%	12/20/42		295,005		288,567

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO - 2.0% (Continued)
GNMA, Series 2012-H29, Class SA (1MO LIBOR + 51.5)(b)	2.177%	10/20/62	$	682,002	$	671,891
GNMA, Series 2012-H23, Class SA (1MO LIBOR + 53)(b)	2.192%	10/20/62		610,160		606,754
GNMA, Series 2017-H18, Class FE (1MO LIBOR + 20)(b)	1.862%	06/20/63		77,559		77,377
GNMA, Series 2015-H09, Class FA (1MO LIBOR + 62)(b)	2.282%	04/20/65		1,380,515		1,357,700
GNMA, Series 2015-H15, Class FC (1MO LIBOR + 58)(b)	2.242%	06/20/65		1,237,115		1,213,310
GNMA, Series 2016-H11, Class FD (12MO LIBOR + 40)(b)	3.130%	05/20/66		123,170		121,174
GNMA, Series 2017-H11, Class FP (1MO LIBOR + 22)(b)	1.882%	04/20/67		1,303,781		1,299,019
RMF Buyout Issuance Trust, Series 2020-1, Class M3(a)	2.964%	02/25/30		1,469,000		1,468,280
						14,778,345

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO Derivatives - 1.0%
FHLMC, Series 3994, Class EI (IO)	3.000%	02/15/22	$	638,608	$	12,163
FHLMC, Series 3874, Class KI (IO)	4.500%	08/15/25		401,316		5,265
FHLMC, Series 3946, Class SB (IO) (-1*1MO LIBOR + 675)(b)	6.045%	10/15/26		274,829		29,659
FHLMC, Series 237, Class S14 (IO) (-1*1MO LIBOR + 660)(b)	5.895%	05/15/36		976,628		202,864
FHLMC, Series 4693, Class EI (IO)	3.500%	08/15/42		6,765,984		230,579
FNMA, Series 2011-75, Class MI (IO)	3.500%	08/25/26		528,302		25,782
FNMA, Series 2012-148, Class IA (IO)	4.000%	01/25/28		4,408,055		372,762
FNMA, Series 301, Class I (PO)	0.000%	04/25/29		382,649		363,026
FNMA, Series 348, Class II (IO)	6.000%	01/25/34		886,642		209,038
FNMA, Series 2013-120, Class JI (IO)	4.000%	02/25/40		11,178,007		524,529
FNMA, Series 2010-44, Class CS (IO) (-1*1MO LIBOR + 655)(b)	5.603%	05/25/40		911,598		151,275
FNMA, Series 2011-14, Class PI (IO)	5.000%	06/25/40		448,222		29,159
FNMA, Series 2014-45, Class IO (IO)	4.000%	08/25/44		1,061,844		112,402
GNMA, Series 2013-124, Class ST (-1.333*1MO LIBOR + 880)(b)	7.769%	08/20/39		694,383		716,017
GNMA, Series 2011-145, Class QI (IO)	5.000%	11/16/41		1,474,976		225,410
GNMA, Series 2014-141, Class IE (IO)	4.000%	08/20/43		3,660,758		186,534
GNMA, Series 2010-H01, Class CI (IO)(b)	2.000%	01/20/60		1,548,450		154,492
GNMA, Series 2012-H02, Class AI (IO)(b)	1.895%	01/20/62		2,224,813		105,743
GNMA, Series 2013-H13, Class T1 (IO)(b)	0.473%	05/20/63		36,368,655		995,956
GNMA, Series 2016-H20, Class GI (IO)(b)	0.333%	08/20/66		39,248,200		404,747
GNMA, Series 2017-H11, Class PI (IO)(b)	2.564%	04/20/67		7,050,914		129,355
GNMA, Series 2017-H22, Class ID (IO)(b)	2.487%	11/20/67		1,253,941		40,639
GNMA, Series 2018-H08, Class NI (IO)(b)	0.739%	05/20/68		20,040,554		465,446
GNMA, Series 2019-H04, Class IO (IO)(b)	1.444%	03/20/69		38,334,157		1,426,395
						7,119,237
Agency MBS Passthrough - 0.1%
FHLMC, Pool #FG G60257	5.500%	06/01/41		792,924		897,738

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Auto Loan - 15.5%
ACC Trust, Series 2019-1, Class A(a)	3.750%	05/20/22	$	668,757	$	667,636
ACC Trust, Series 2019-2, Class A(a)	2.820%	02/21/23		2,497,583		2,488,806
American Credit Acceptance Receivables Trust, Series 2019-3, Class F(a)	5.420%	05/12/26		1,000,000		710,540
Arivo Acceptance Auto Loan Receivables Trust, Series 2019-1, Class A(a)	2.990%	07/15/24		1,130,595		1,109,074
Avid Automobile Receivables Trust, Series 2019-1, Class E(a)	6.760%	05/17/27		2,500,000		2,336,674
Bank of the West Auto Trust, Series 2017-1, Class B(a)	2.620%	11/15/23		400,000		397,579
California Republic Auto Receivables Trust, Series 2015-4, Class C(a)	4.230%	09/15/22		85,000		85,015
CarNow Auto Receivables Trust, Series 2018-1A, Class A(a)	3.610%	10/15/21		544,322		540,543
CarNow Auto Receivables Trust, Series 2017-1A, Class C(a)	5.750%	10/16/23		4,000,000		3,997,378
CarNow Auto Receivables Trust, Series 2019-1A, Class C(a)	3.360%	06/17/24		4,500,000		4,373,158
Carvana Auto Receivable Trust, Series 2019-2A, Class D(a)(b)	3.280%	01/15/25		4,300,000		4,045,832
Carvana Auto Receivable Trust, Series 2019-3A, Class D(a)	3.040%	04/15/25		2,190,000		1,854,394
CIG Auto Receivables Trust, Series 2017-1A, Class C(a)	5.330%	12/16/24		1,600,000		1,597,296
CPS Auto Trust, Series 2018-C, Class D(a)	4.400%	06/17/24		850,000		849,676
CPS Auto Trust, Series 2019-A, Class D(a)	4.350%	12/16/24		1,400,000		1,303,155
CPS Auto Trust, Series 2019-B, Class D(a)	3.690%	03/17/25		4,900,000		4,831,123
Exeter Automobile Receivables Trust, Series 2016-3A, Class D(a)	6.400%	07/17/23		3,750,000		3,826,124
Flagship Credit Auto Trust, Series 2015-3, Class D(a)	7.120%	11/15/22		2,500,000		2,516,540
Flagship Credit Auto Trust, Series 2019-3, Class C(a)	2.740%	10/15/25		2,000,000		1,831,231
Foursight Capital Automobile Receivables, Series 2020-1, Class C(a)	2.410%	08/15/25		4,400,000		4,138,579

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Auto Loan - 15.5% (Continued)
Foursight Capital Automobile Receivables, Series 2020-1, Class E(a)	3.490%	04/15/26	$	1,300,000	$	1,178,679
GLS Auto Receivables Trust, Series 2019-3A, Class C(a)	2.960%	05/15/25		4,500,000		4,362,994
GLS Auto Receivables Trust, Series 2019-4A, Class C(a)	3.060%	08/15/25		4,000,000		3,814,899
Hertz Fleet Lease Funding LP, Series 2017-1, Class E(a)	5.800%	04/10/31		900,000		899,711
Hertz Fleet Lease Funding LP, Series 2018-1, Class E(a)	5.550%	05/10/32		2,750,000		2,782,385
Hertz Fleet Lease Funding LP, Series 2019-1, Class E(a)	4.620%	01/10/33		3,400,000		3,388,626
Navistar Financial Dealer Note Master Trust, Series 2018-1, Class D (1MO LIBOR + 155)(a)(b)	2.497%	09/25/23		2,191,000		2,120,326
Navistar Financial Dealer Note Master Trust, Series 2019-1, Class D (1MO LIBOR + 145)(a)(b)	2.397%	05/28/24		1,200,000		1,164,265
NextGear Floorplan Master Owner, Series A1, Class 2020-1A (1MO LIBOR + 80)(a)(b)	2.056%	02/18/25		7,000,000		6,861,330
OneMain Direct Auto Receivables Trust, Series 2017-2A, Class D(a)	3.420%	10/15/24		1,500,000		1,494,421
OneMain Direct Auto Receivables Trust, Series 2017-2A, Class E(a)	4.740%	11/14/25		3,050,000		3,046,329
OSCAR US Funding Trust, Series 2019-2A, Class A2(a)	2.490%	08/10/22		823,270		826,861
OSCAR US Funding Trust, Series 2019-2A, Class A4(a)	2.680%	09/10/26		5,270,000		5,437,955
Prestige Auto Receivables Trust, Series 2016-1A, Class D(a)	5.150%	11/15/21		400,000		400,737
Skopos Auto Receivables Trust, Series 2018-1A, Class C(a)	4.770%	04/17/23		3,000,000		2,994,220
Skopos Auto Receivables Trust, Series 2019-1A, Class B(a)	3.430%	09/15/23		6,000,000		5,488,340
Skopos Auto Receivables Trust, Series 2019-1A, Class D(a)	5.240%	04/15/25		680,000		509,068
Tesla Auto Lease Trust, Series 2018-B, Class D(a)	5.290%	11/22/21		3,550,000		3,474,027

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Auto Loan - 15.5% (Continued)
Tesla Auto Lease Trust, Series 2018-B, Class E(a)	7.870%	06/20/22	$	2,000,000	$	1,936,944
Tesla Auto Lease Trust, Series 2019-A, Class E(a)	5.480%	05/22/23		2,580,000		2,565,754
United Auto Credit Securitization Trust, Series 2019-1, Class D(a)	3.470%	08/12/24		4,500,000		4,134,979
Veros Auto Receivables Trust, Series 2018-1, Class A(a)	3.630%	05/15/23		414,861		414,078
Veros Auto Receivables Trust, Series A, Class 2020-1(a)	1.670%	09/15/23		4,750,000		4,655,000
Veros Auto Receivables Trust, Series B, Class 2020-1(a)	2.190%	06/16/25		5,000,000		4,910,000
						112,362,281

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 23.3%
Avant Loans Funding Trust, Series 2019-A, Class A(a)	3.480%	07/15/22	$	2,111,636	$	2,054,430
Avant Loans Funding Trust, Series 2020-REV1, Class A(a)	2.170%	05/15/29		4,800,000		4,728,000
Consumer Lending Receivables Trust, Series 2019-A, Class A(a)	3.520%	04/15/26		801,014		775,383
Consumer Lending Receivables Trust, Series 2019-A, Class CERT(a)(g)	0.000%	04/15/26		150,000		2,998,020
Consumer Loan Underlying Bond Credit Trust, Series 2017-P1, Class C(a)	5.020%	09/15/23		1,531,100		1,461,099
Consumer Loan Underlying Bond Credit Trust, Series 2017-NP2, Class C(a)	4.870%	01/16/24		1,105,805		1,099,558
Consumer Loan Underlying Bond Credit Trust, Series 2018-NP1, Class C(a)	4.740%	05/15/24		565,721		557,959
Consumer Loan Underlying Bond Credit Trust, Series 2018-P3, Class A(a)	3.820%	01/15/26		1,050,365		1,020,608
Consumer Loan Underlying Bond Credit Trust, Series 2019-P1, Class A(a)	2.940%	07/15/26		833,148		804,751
Consumer Loan Underlying Bond Credit Trust, Series 2019-HP1, Class B(a)	3.480%	12/15/26	��	5,000,000		3,974,133
Consumer Loan Underlying Bond Credit Trust, Series 2019-HP1, Class C(a)(g)	4.700%	12/15/26		1,565,000		1,122,380
Freedom Financial, Series 2018-1, Class A(a)	3.610%	07/18/24		1,039,750		1,018,705
Freedom Financial, Series 2018-1, Class B(a)	4.560%	07/18/24		5,400,000		5,129,212
Freedom Financial, Series 2018-2, Class A(a)	3.990%	10/20/25		1,559,443		1,524,156
Freedom Financial, Series 2018-2, Class C(a)	5.880%	10/20/25		3,000,000		2,768,662
Freedom Financial, Series 2019-1, Class A(a)	3.420%	06/18/26		1,014,202		995,414
Freedom Financial, Series 2019-1, Class B(a)	3.870%	06/18/26		3,633,579		3,128,780
Freedom Financial, Series 2019-2, Class C(a)(g)	4.860%	11/18/26		4,500,000		3,024,766
Freedom Financial, Series 2020-FP1, Class B(a)	3.060%	03/18/27		4,000,000		3,768,175
Freedom Financial, Series 2020-FP1, Class C(a)(g)	4.370%	03/18/27		5,250,000		4,132,833
LendingPoint Asset Securitization Trust, Series 2019-1, Class A(a)	3.154%	08/15/25		5,655,420		5,544,256
LendingPoint Asset Securitization Trust, Series 2019-1, Class B(a)	3.613%	08/15/25		1,500,000		1,394,036

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 23.3% (Continued)
LendingPoint Asset Securitization Trust, Series 2019-1, Class C(a)	4.504%	08/15/25	$	2,000,000	$	1,787,042
LendingPoint Asset Securitization Trust, Series 2019-2, Class A(a)	3.071%	11/10/25		5,325,086		5,135,216
LendingPoint Asset Securitization Trust, Series 2019-2, Class C(a)(g)	4.660%	11/10/25		3,700,000		3,222,422
LL ABS Trust, Series 2019-1A, Class A(a)	2.870%	03/15/27		2,953,173		2,840,884
LL ABS Trust, Series 2019-1A, Class B(a)	3.520%	03/15/27		5,550,000		5,010,019
LL ABS Trust, Series 2019-1A, Class C(a)(g)	5.070%	03/15/27		4,500,000		3,163,357
Mariner Finance Issuance Trust, Series 2018-AA, Class C(a)	5.110%	11/20/30		2,750,000		2,370,807
Mariner Finance Issuance Trust, Series 2018-AA, Class D(a)(g)	6.570%	11/20/30		4,725,000		3,984,936
Marlette Funding Trust, Series 2018-1A, Class C(a)	3.690%	03/15/28		814,000		799,782
Marlette Funding Trust, Series 2019-4A, Class B(a)	2.950%	12/17/29		760,000		665,444
Marlette Funding Trust, Series 2020-1A, Class C(a)	2.800%	03/15/30		1,525,000		1,181,655
Marlette Funding Trust, Series 2020-1A, Class D(a)(g)	3.540%	03/15/30		1,000,000		692,428
Oportun Funding LLC, Series 2018-C, Class D(a)(g)	6.790%	10/08/24		3,972,000		3,678,614
Oportun Funding LLC, Series 2018-D, Class B(a)(g)	4.830%	12/09/24		2,900,000		2,675,276
Oportun Funding LLC, Series 2018-D, Class D(a)(g)	7.170%	12/09/24		4,000,000		3,696,338
Oportun Funding VII LLC, Series 2017-B, Class B(a)(g)	4.260%	10/10/23		2,500,000		2,404,250
Prosper Marketplace Issuance Trust, Series 2019-1A, Class A(a)	3.540%	04/15/25		311,393		308,093
Prosper Marketplace Issuance Trust, Series 2019-1A, Class B(a)	4.030%	04/15/25		1,750,000		1,662,639
Prosper Marketplace Issuance Trust, Series 2019-3A, Class A(a)	3.190%	07/15/25		2,719,572		2,610,004
Prosper Marketplace Issuance Trust, Series 2019-3A, Class B(a)	3.590%	07/15/25		7,600,000		6,724,786
Prosper Marketplace Issuance Trust, Series 2019-3A, Class CERT(a)(g)	0.000%	07/15/25		81,061,702		2,000,035

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 23.3% (Continued)
Prosper Marketplace Issuance Trust, Series 2019-4A, Class B(a)	3.200%	02/17/26	$	4,500,000	$	3,956,589
Prosper Marketplace Issuance Trust, Series 2019-4A, Class C(a)(g)	4.950%	02/17/26		6,886,000		4,757,254
Purchasing Power Funding, Series 2018-A, Class B(a)	3.580%	08/15/22		3,000,000		2,991,167
Purchasing Power Funding, Series 2018-A, Class C(a)	3.780%	08/15/22		1,400,000		1,395,848
Purchasing Power Funding, Series 2018-A, Class D(a)	4.660%	08/15/22		1,000,000		996,999
Regional Management Issuance Trust, Series 2019-1, Class C(a)(g)	4.110%	11/15/28		2,000,000		1,591,416
Republic Finance Issuance Trust, Series 2019-A, Class A(a)	3.430%	11/22/27		4,250,000		3,705,198
Upgrade Master Pass-Thru Trust, Series 2019-ST1, Class A(a)	4.000%	07/15/25		4,116,019		3,399,637
Upgrade Master Pass-Thru Trust, Series 2019-ST3, Class A(a)	3.750%	11/15/25		2,497,663		2,090,567
Upgrade Receivables Trust, Series 2018-1A, Class A(a)	3.760%	11/15/24		604,085		598,258
Upgrade Receivables Trust, Series 2019-1A, Class A(a)	3.480%	03/15/25		661,896		656,047
Upgrade Receivables Trust, Series 2019-1A, Class B(a)	4.090%	03/15/25		2,650,000		2,540,582
Upstart Pass-Through Trust, Series 2020-ST2, Class A(a)(g)	3.500%	03/20/28		2,940,916		2,352,732
Upstart Pass-Through Trust, Series 2020-ST3, Class A(a)(g)	3.350%	04/20/28		4,700,000		3,760,000
Upstart Securitization Trust, Series 2019-1, Class B(a)	4.190%	04/20/26		2,900,000		2,713,487
Upstart Securitization Trust, Series 2020-ST1, Class A(a)(g)	3.750%	02/20/28		4,192,085		3,415,373
Upstart Securitization Trust, Series 2019-2, Class A(a)	2.897%	09/20/29		3,703,599		3,430,851
Upstart Securitization Trust, Series 2019-2, Class B(a)	3.734%	09/20/29		9,050,000		7,232,079
Upstart Securitization Trust, Series 2019-2, Class C(a)(g)	4.783%	09/20/29		5,587,000		3,542,746

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 23.3% (Continued)
Upstart Securitization Trust, Series 2019-3, Class B(a)	3.829%	01/21/30	$	2,450,000	$	2,082,260
Upstart Securitization Trust, Series 2020-1, Class C(a)(g)	4.899%	04/22/30		3,000,000		2,412,440
						169,260,873
Credit Cards - 3.5%
Continental Credit Card LLC, Series 2019-1A, Class A(a)(d)(g)	3.830%	08/15/26		5,000,000		4,958,924
Continental Credit Card LLC, Series 2019-1A, Class B(a)(g)	4.950%	08/15/26		2,600,000		2,575,581
Fortiva Retail Credit Master Note, Series 2018-1, Class A(a)(g)	5.540%	11/15/23		10,850,000		10,949,409
Fortiva Retail Credit Master Note, Series 2018-1, Class C(a)(g)	7.730%	11/15/23		2,750,000		2,799,260
Genesis Sales Finance Master Trust, Series 2019-AA, Class A(a)	4.680%	08/20/23		1,200,000		1,071,138
Genesis Sales Finance Master Trust, Series 2019-AA, Class C(a)(g)	6.880%	08/20/23		1,700,000		1,724,239
Genesis Sales Finance Master Trust, Series 2019-AA, Class D(a)(g)	9.540%	08/20/23		1,000,000		1,018,803
						25,097,354

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Equipment - 3.4%
Business Jet Securities LLC, Series 2018-1, Class A(a)	4.335%	02/15/33	$	3,483,400	$	2,876,062
Business Jet Securities LLC, Series 2018-1, Class B(a)	6.048%	02/15/33		728,236		546,906
Business Jet Securities LLC, Series 2018-2, Class A(a)	4.447%	06/15/33		3,650,647		2,950,137
Business Jet Securities LLC, Series 2018-2, Class B(a)	5.437%	06/15/33		4,367,842		3,202,772
Business Jet Securities LLC, Pool #2019-1, Series 2019-1, Class B(a)	5.193%	07/15/34		1,163,521		741,039
Business Jet Securities LLC, Pool #2019-1, Series 2019-1, Class C(a)(g)	6.948%	07/15/34		6,170,822		3,569,222
CAL Funding Ltd., Series 2018-2A, Class B(a)	5.220%	09/25/43		3,400,000		3,404,741
CCG Receivables Trust, Series 2018-2, Class C(a)	3.870%	12/15/25		2,395,000		2,421,204
Global SC Finance II SRL, Series 2013-1A, Class A(a)	2.980%	04/17/28		385,417		375,501
Global SC Finance SRL, Series 2014-1A, Class A2(a)	3.090%	07/17/29		975,000		902,178
HPEFS Equipment Trust, Series 2019-1A, Class A2(a)	2.190%	09/20/29		1,475,000		1,462,584
SCF Equipment Trust LLC, Series 2017-1A, Class A(a)	3.770%	01/20/23		1,794,996		1,797,691
						24,250,037

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency CMBS - 19.9%
A10 Securitization, Series 2017-1A, Class C(a)	4.050%	03/15/36	$	5,750,000	$	5,522,001
A10 Securitization, Series 2017-1A, Class D(a)	4.700%	03/15/36		3,250,000		3,056,160
B2R Mortgage Trust, Series 2015-2, Class A(a)	3.336%	11/15/48		51,642		51,481
Bancorp Commercial Mortgage Trust (The), Series 2017-CRE2, Class C (1MO LIBOR + 235)(a)(b)	3.055%	08/15/32		4,750,000		4,401,054
Bancorp Commercial Mortgage Trust (The), Series 2018-CR3, Class A (1MO LIBOR + 85)(a)(b)	1.555%	01/15/33		1,319,493		1,241,185
BDS Ltd., Series 2018-FL2, Class A (1MO LIBOR + 95)(a)(b)	1.750%	08/15/35		4,375,663		4,139,964
BTH Mortgage-Backed Securities Trust, Series 2018-13, Class A (1MO LIBOR + 250)(b)	4.081%	08/01/21		4,000,000		3,988,151
BX Trust, Series 2018-BILT, Class A (1MO LIBOR + 80)(a)(b)	1.505%	05/15/30		4,300,000		3,913,957
BXMT Ltd., Series 2020-FL2, Class A (1MO LIBOR + 90)(a)(b)(g)	1.605%	02/16/37		7,500,000		7,037,316
BXMT Ltd., Series 2020-FL2, Class D (1MO LIBOR + 195)(a)(b)(g)	2.655%	02/16/37		3,000,000		2,495,736
BXMT Ltd., Series 2020-FL2, Class E (1MO LIBOR + 205)(a)(b)(g)	2.755%	02/16/37		2,500,000		2,041,645
BXT Trust, Series 2018-EXCL, Class A (1MO LIBOR + 1088)(a)(b)(g)	1.792%	09/15/20		5,353,585		4,674,826
BXT Trust, Series 2018-GW, Class A (1MO LIBOR + 80)(a)(b)	1.510%	05/15/35		5,000,000		4,410,447
Citigroup Commercial Mortgage, Series 2017-MDRB, Class D (1MO LIBOR + 325)(a)(b)	3.955%	07/15/30		9,650,000		8,317,893
Colony American Finance Ltd., Series 2015-1, Class E(a)	6.560%	10/15/47		3,986,000		4,131,009
Colony American Finance Ltd., Series 2020-1, Class A1(a)	1.832%	03/15/50		9,000,000		8,660,628
Cosmopolitan Hotel Trust, Series 2017-CSMO, Class D (1MO LIBOR + 225)(a)(b)(g)	2.955%	11/15/36		4,900,000		4,382,297
Exantas Capital Corp., Series 2019-RS07, Class AS (1MO LIBOR + 150)(a)(b)(g)	2.300%	04/15/36		3,900,000		3,275,996

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency CMBS - 19.9% (Continued)
FREMF Mortgage Trust, Series 2019-K735, Class B(a)(b)	4.020%	05/25/26	$	750,000	$	728,135
Invitation Homes Trust, Series 2017-SFR2, Class D (1MO LIBOR + 180)(a)(b)	3.458%	12/17/36		2,995,604		2,569,098
Invitation Homes Trust, Series 2018-SFR1, Class B (1MO LIBOR + 95)(a)(b)	2.608%	03/17/37		1,700,000		1,492,966
Invitation Homes Trust, Series 2018-SFR1, Class E (1MO LIBOR + 200)(a)(b)	3.658%	03/17/37		2,599,645		2,024,797
Invitation Homes Trust, Series 2018-SFR2, Class E (1MO LIBOR + 200)(a)(b)	3.658%	06/17/37		3,500,000		2,760,736
Invitation Homes Trust, Series 2018-SFR3, Class A (1M LIBOR + 100)(a)(b)	2.658%	07/17/37		9,352,352		8,673,901
Invitation Homes Trust, Series 2018-SFR3, Class D (1MO LIBOR + 165)(a)(b)	3.309%	07/17/37		2,850,000		2,384,299
Invitation Homes Trust, Series 2018-SFR3, Class E (1MO LIBOR + 200)(a)(b)	3.648%	07/17/37		3,500,000		2,828,768
KKR Real Estate Finance Trust, Inc., Series 2018-FL1, Class A (1MO LIBOR + 110)(a)(b)(g)	1.900%	06/15/36		3,500,000		3,256,204
Multi Family Connecticut Avenue, Series 2019-01, Class B10 (1MO LIBOR + 550)(a)(b)	6.447%	10/15/49		1,500,000		1,116,510
Multi Family Connecticut Avenue, Series 2019-01, Class M10 (1MO LIBOR + 325)(a)(b)	4.197%	10/15/49		500,000		345,286
Multi Family Connecticut Avenue, Series 2019-01, Class M7 (1MO LIBOR + 170)(a)(b)	2.647%	10/15/49		4,850,699		4,279,409
Multi Family Connecticut Avenue, Series 2020-01, Class CE (1MO LIBOR +750)(a)(b)	8.311%	03/25/50		1,500,000		1,279,278
Multi Family Housing Mortgage Loan, Series 2019-FL2, Class C (1MO LIBOR + 200)(a)(b)(g)	2.947%	12/25/34		4,400,000		4,046,124
Progress Residential Trust, Series 2015-SFR3, Class A(a)	3.067%	11/12/32		98,694		98,010
Progress Residential Trust, Series 2015-SFR3, Class D(a)	4.673%	11/12/32		135,000		133,590
Progress Residential Trust, Series 2017-SFR2, Class B(a)	3.196%	12/17/34		1,100,000		1,074,585

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency CMBS - 19.9% (Continued)
Progress Residential Trust, Series 2019-SFR3, Class E(a)	3.369%	09/17/36	$	5,500,000	$	4,756,816
Progress Residential Trust, Series 2019-SFR3, Class F(a)	3.867%	09/17/36		2,000,000		1,624,040
Progress Residential Trust, Series 2020-SFR1, Class E(a)	3.032%	04/17/37		5,750,000		4,749,813
ReadyCap Commercial Mortgage Trust, Series 2019-FL3, Class A (1MO LIBOR + 100)(a)(b)(g)	1.947%	03/25/34		5,415,000		4,898,447
ReadyCap Commercial Mortgage Trust, Series 2018-FL2, Class D (1MO LIBOR + 270)(a)(b)(g)	3.647%	06/25/35		6,600,000		5,690,949
TPG Real Estate Finance, Series 2019-FL3, Class A (1MO LIBOR + 115)(a)(b)(g)	1.950%	10/15/34		5,000,000		4,468,140
VMC Finance LLC, Series 2018-FL2, Class A (1MO LIBOR + 92)(a)(b)	1.720%	10/15/35		3,223,614		3,009,247
WF-RBS Commercial Mortgage Trust, Series 2011-C2, Class D(a)(b)	5.662%	02/15/44		665,000		642,909
						144,673,803

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency MBS CMO - 4.7%
Antler Mortgage Trust, Series 2018-RTL1, Class A2(a)	4.703%	07/25/22	$	4,500,000	$	4,424,696
Antler Mortgage Trust, Series 2018-RTL1, Class M(a)	7.385%	05/25/23		2,000,000		1,922,416
Arroyo Mortgage Trust, Series 2018-1, Class A1(a)	3.763%	04/25/48		47		46
Arroyo Mortgage Trust, Series 2019-2, Class M1(a)	4.760%	04/25/49		1,900,000		1,265,431
Cascade Funding Mortgage Trust, Series 2019-MH1, Class M(a)	5.985%	11/25/44		1,100,000		1,084,144
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A1(a)	4.580%	06/25/48		3,846,057		3,864,374
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A2(a)	5.875%	06/25/48		2,800,000		2,019,702
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A3(b)	3.883%	08/25/34		6,997		5,905
COLT Funding LLC, Series 2019-1, Class A1(a)	3.705%	03/25/49		773,298		766,465
LHFC Depositor LLC, Series 2019-RLT1, Class A2(a)	4.948%	10/25/23		4,544,000		4,262,105
LHFC Depositor LLC, Series 2019-RLT1, Class M(a)	6.899%	10/25/23		2,750,000		2,382,278
Nationstar HECM Loan Trust, Series 2018-3A, Class M2(a)	4.155%	11/25/28		9,900,000		9,898,654
RiverView HECM Trust, Series 2007-1, Class A (TREASURY 1Y + 50)(a)(b)	0.670%	05/25/47		115,008		87,568
RMF Buyout Issuance Trust, Series 2018-1, Class M3(a)	4.448%	11/25/28		1,900,000		1,900,000
						33,883,784

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Securitized - 90.3% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Student Loan - 1.9%
College Ave Student Loans, Series 2018-A, Class B(a)	4.750%	12/26/47	$	1,900,000	$	2,006,631
College Ave Student Loans, Series 2018-A, Class C(a)	5.500%	12/26/47		900,000		953,249
College Ave Student Loans, Series 2019-A, Class C(a)	4.460%	12/28/48		4,000,000		4,059,134
CommonBond Student Loan Trust, Series 2017-BGS, Class C(a)	4.440%	09/25/42		221,722		225,355
Earnest Student Loan Program LLC, Series 2016-C, Class A2(a)	2.680%	07/25/35		2,765,388		2,775,261
Earnest Student Loan Program LLC, Series 2016-C, Class A1 (1MO LIBOR + 185)(a)(b)	2.797%	10/27/36		688,193		689,831
Earnest Student Loan Program LLC, Series 2016-D, Class R(a)(g)	0.000%	01/25/41		5,000		120,608
Laurel Road Prime Student Loan, Series 2019-A, Class BFX(a)	3.000%	10/25/48		2,290,000		2,289,608
Social Professional Loan Program, Series 2016-D, Class A1 (1MO LIBOR + 95)(a)(b)	1.897%	01/25/39		419,928		417,896
Social Professional Loan Program, Series 2018-A, Class A1 (1MO LIBOR + 35)(a)(b)	1.297%	02/25/42		397,978		392,473
						13,930,046
Total Securitized					$	654,939,499

Diamond Hill Short Duration Total Return Fund

Schedule of Investments (Continued)

Registered Investment Companies - 10.4%	Shares		Fair Value
State Street Institutional Liquid Reserves Fund, Premier Class, 0.82%(e)		73,662,201	$	73,595,905
State Street Navigator Securities Lending Portfolio I, 0.90%(e)(f)		2,098,660		2,098,660
Total Registered Investment Companies			$	75,694,565
Total Investment Securities - 103.5% (Cost $816,951,275)			$	751,190,362
Liabilities in Excess of Other Assets - (3.5)%				(25,523,609	)
Net Assets - 100.0%			$	725,666,753

(a)	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 March 31, 2020 was $638,129,769, representing 88.0% of net assets.
(b)	Variable rate security. The rate shown is the effective interest rate as of March 31, 2020. 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, prepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.
(c)	Percentage rounds to less than 0.1%.
(d)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $2,053,289.
(e)	The rate shown is the 7-day effective yield as of March 31, 2020.
(f)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $2,098,660.

^(g) Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of March 31, 2020 was $207,032,458, representing 28.5% of net assets. As of May 27, 2020, the total fair value of illiquid securities was $71,481,786, representing 9.7% of net assets.

A/S -	Aktieselskab
IO -	Interest Only
LIBOR -	London Interbank Offered Rate
NA -	National Association
NV -	Naamloze Vennootschap
plc -	Public Limited Company
PO -	Principal Only

See accompanying notes to Schedules of Investments.

Diamond Hill Core Bond Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Corporate Credit - 17.2%	Coupon	Maturity	Shares / Par Value		Fair Value
Banking - 7.0%
Bank of America Corp.	2.881%	04/24/23	$	100,000	$	100,384
Bank of America Corp.	3.458%	03/15/25		425,000		438,330
Bank of America Corp.	2.015%	02/13/26		400,000		391,539
Bank of America Corp.(a)	3.824%	01/20/28		100,000		103,720
Bank of New York Mellon Corp. (The), Series MTN	1.950%	08/23/22		175,000		175,947
Bank of New York Mellon Corp. (The), Series MTN(b)	1.850%	01/27/23		200,000		200,857
Bank of New York Mellon Corp. (The)	3.000%	10/30/28		100,000		98,175
Bank of Nova Scotia(b)	1.950%	02/01/23		130,000		129,251
Branch Banking & Trust Co.	2.150%	12/06/24		250,000		247,640
Canadian Imperial Bank of Commerce	2.606%	07/22/23		100,000		100,831
Capital One Financial Corp.	3.750%	07/28/26		100,000		94,413
Capital One NA	2.150%	09/06/22		250,000		243,732
Citigroup, Inc.	3.352%	04/24/25		200,000		204,940
Citigroup, Inc.	3.300%	04/27/25		100,000		103,516
Citigroup, Inc. (3MO LIBOR + 125)(a)(b)	3.159%	07/01/26		100,000		92,424
Citigroup, Inc.	4.125%	07/25/28		150,000		153,936
Citigroup, Inc.	2.976%	11/05/30		180,000		178,346
Citigroup, Inc.(a)	5.316%	03/26/41		100,000		125,182
Citizens Financial Group(b)	2.850%	07/27/26		225,000		219,453
Comerica Bank, Series BKNT	2.500%	07/23/24		250,000		247,847
Cooperatieve Rabobank UA(b)(c)	2.625%	07/22/24		250,000		242,871
Discover Bank	2.700%	02/06/30		250,000		217,333
Discover Financial Services	4.100%	02/09/27		100,000		96,194
Fifth Third Bancorp(b)	2.375%	01/28/25		275,000		267,834
Goldman Sachs Group, Inc.	2.625%	04/25/21		50,000		50,037
Goldman Sachs Group, Inc. (3MO LIBOR + 111)(a)	2.904%	04/26/22		50,000		48,637
Goldman Sachs Group, Inc.	3.500%	01/23/25		205,000		210,158
Goldman Sachs Group, Inc.	3.500%	04/01/25		250,000		253,510
Goldman Sachs Group, Inc.	3.500%	11/16/26		350,000		357,749
Huntington Bancshares, Inc.	2.300%	01/14/22		100,000		99,096
Huntington Bancshares, Inc.	2.625%	08/06/24		125,000		126,617
JPMorgan Chase & Co.	3.086%	04/26/21		250,000		249,896
JPMorgan Chase & Co. (3MO LIBOR + 100)(a)	2.831%	01/15/23		100,000		95,910

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 17.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Banking - 7.0% (Continued)
JPMorgan Chase & Co.	4.023%	12/05/24	$	200,000	$	211,896
JPMorgan Chase & Co.(a)	3.782%	02/01/28		100,000		107,382
JPMorgan Chase & Co.	3.509%	01/23/29		100,000		103,049
JPMorgan Chase & Co.	2.739%	10/15/30		100,000		100,419
Key Bank NA	2.500%	11/22/21		250,000		250,495
KeyCorp	2.550%	10/01/29		385,000		347,014
Morgan Stanley	3.737%	04/24/24		100,000		102,962
Morgan Stanley	3.700%	10/23/24		100,000		105,651
Morgan Stanley	3.125%	07/27/26		100,000		103,369
Morgan Stanley	3.625%	01/20/27		100,000		105,705
Morgan Stanley, Series GMTN	2.699%	01/22/31		175,000		171,249
PNC Bank NA(b)	1.743%	02/24/23		250,000		245,963
PNC Bank NA	2.700%	10/22/29		250,000		242,471
PNC Financial Services	2.600%	07/23/26		250,000		252,500
Regions Financial Corp.	2.750%	08/14/22		250,000		247,205
Royal Bank of Canada, Series GMTN	1.950%	01/17/23		250,000		247,471
State Street Corp.	2.354%	11/01/25		175,000		173,207
SunTrust Bank	3.525%	10/26/21		100,000		100,086
Toronto-Dominion Bank (The)(a)	0.490%	01/27/23		425,000		398,100
US Bancorp	2.400%	07/30/24		350,000		349,901
Wells Fargo & Co.(b)	3.550%	09/29/25		425,000		448,251
						10,380,651
Basic Industry - 0.5%
FMC Corp.	3.450%	10/01/29		300,000		300,209
PPG Industries, Inc.	2.400%	08/15/24		110,000		109,683
Sherwin-Williams Co.	2.300%	05/15/30		250,000		234,863
						644,755
Brokerage Asset Managers Exchanges - 0.3%
Ameriprise Financial, Inc.	3.000%	04/02/25		250,000		248,943
CBOE Holdings, Inc.	3.650%	01/12/27		100,000		104,793
						353,736
Capital Goods - 0.3%
General Electric Capital Corp.	6.750%	03/15/32		100,000		121,211
L3 Harris Technologies, Inc.(c)	3.850%	12/15/26		50,000		52,115
Lennox International, Inc.	3.000%	11/15/23		100,000		98,857
Republic Services, Inc.	2.500%	08/15/24		200,000		201,363
						473,546

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 17.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Communications - 1.3%
American Tower Corp.(b)	2.250%	01/15/22	$	50,000	$	48,805
American Tower Corp.	3.800%	08/15/29		100,000		102,076
AT&T, Inc.	3.200%	03/01/22		50,000		50,721
AT&T, Inc.(b)	3.800%	02/15/27		100,000		103,900
AT&T, Inc.	4.500%	05/15/35		100,000		109,024
British Telecommunications plc(c)	3.250%	11/08/29		275,000		268,110
Comcast Corp.(b)	2.650%	02/01/30		100,000		102,998
Comcast Corp.	3.969%	11/01/47		144,000		166,429
Crown Castle International Corp.	2.250%	09/01/21		75,000		73,950
Deutsche Telekom International Finance(c)	4.750%	06/21/38		100,000		104,732
Twenty-First Century Fox, Inc.	4.030%	01/25/24		50,000		51,948
Verizon Communications, Inc.(b)	3.000%	03/22/27		120,000		126,280
Verizon Communications, Inc. (3MO LIBOR + 110)(a)	2.792%	05/15/25		100,000		91,152
Verizon Communications, Inc.	4.125%	03/16/27		100,000		111,278
Verizon Communications, Inc.(b)	5.500%	03/16/47		100,000		137,088
Walt Disney Co. (The)	1.750%	08/30/24		175,000		176,037
Walt Disney Co. (The)(b)	3.800%	03/22/30		100,000		112,438
						1,936,966
Consumer Cyclical - 0.8%
CVS Health Corp.	5.050%	03/25/48		250,000		283,901
Daimler Finance LLC(c)	1.750%	03/10/23		275,000		258,935
Ford Motor Co.	4.346%	12/08/26		100,000		77,000
Ford Motor Co.	7.450%	07/16/31		75,000		54,000
General Motors Financial Co., Inc.	3.200%	07/06/21		35,000		33,422
General Motors Financial Co., Inc.	4.200%	11/06/21		50,000		47,538
General Motors Financial Co., Inc.	4.000%	10/06/26		100,000		84,989
Home Depot, Inc. (The)	3.500%	09/15/56		100,000		101,346
Toyota Motor Credit Corp.	1.950%	04/17/20		75,000		74,984
Volkswagen AG(c)	2.500%	09/24/21		200,000		194,914
						1,211,029

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 17.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer Non-Cyclical - 1.0%
Abbott Laboratories	4.750%	11/30/36	$	100,000	$	126,620
AbbVie, Inc.(c)	2.950%	11/21/26		335,000		341,317
Actavis Funding SCS	4.550%	03/15/35		100,000		110,123
Amgen, Inc.	2.650%	05/11/22		140,000		141,623
Amgen, Inc.	1.900%	02/21/25		310,000		311,992
Anheuser-Busch Cos., LLC	4.700%	02/01/36		100,000		104,461
Anheuser-Busch InBev SA/NV(b)	4.750%	01/23/29		100,000		109,940
Kimberly-Clark Corp.(b)	3.950%	11/01/28		100,000		114,418
Kroger Co. (The)	2.650%	10/15/26		100,000		101,794
Zoetis, Inc.	3.250%	08/20/21		50,000		50,675
						1,512,963
Electric - 1.7%
Ameren Corp.	2.500%	09/15/24		130,000		126,416
CMS Energy Corp.	2.950%	02/15/27		100,000		98,594
DTE Energy Co., Series C(a)	2.529%	10/01/24		150,000		145,808
DTE Energy Co.	2.850%	10/01/26		100,000		99,872
DTE Energy Co.	2.950%	03/01/30		125,000		119,782
Duke Energy Indiana LLC	2.750%	04/01/50		370,000		340,655
Georgia Power Co., Series A	2.100%	07/30/23		230,000		224,290
MidAmerican Energy Co.	3.650%	04/15/29		350,000		382,295
Northern States Power Co. of Minnesota	2.900%	03/01/50		125,000		123,171
Oncor Electric Delivery Co. LLC(c)	3.700%	05/15/50		240,000		283,423
PECO Energy Co.(b)	3.000%	09/15/49		200,000		203,544
PPL Electric Utilities(b)	3.000%	10/01/49		160,000		153,767
Public Service Electric	2.250%	09/15/26		100,000		99,570
Southwestern Electric Power	2.750%	10/01/26		100,000		93,545
WEC Energy Group, Inc.	3.375%	06/15/21		50,000		50,202
						2,544,934

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 17.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Energy - 1.0%
Cimarex Energy Co.	3.900%	05/15/27	$	100,000	$	72,515
Diamondback Energy, Inc., Class B	3.250%	12/01/26		200,000		141,144
Energy Transfer Operating LP	4.500%	04/15/24		75,000		66,902
Exxon Mobil Corp.	2.992%	03/19/25		240,000		252,886
Occidental Petroleum Corp.	2.700%	08/15/22		225,000		160,319
Phillips 66 Partners LP	2.450%	12/15/24		100,000		87,978
Phillips 66 Partners LP	3.550%	10/01/26		100,000		90,258
Royal Dutch Shell plc(b)	2.375%	11/07/29		320,000		318,090
Shell International Finance BV	6.375%	12/15/38		73,000		104,179
Total Capital International SA	2.829%	01/10/30		120,000		121,519
Valero Energy Corp.	3.400%	09/15/26		100,000		89,730
						1,505,520
Insurance - 1.1%
Athene Global Funding(c)	2.500%	01/14/25		225,000		211,977
Berkshire Hathaway Financial	1.850%	03/12/30		250,000		243,000
Jackson National Life Global Funding (3MO LIBOR + 48)(a)(c)	1.248%	06/11/21		50,000		47,965
Jackson National Life Global Funding(c)	2.100%	10/25/21		50,000		49,695
Lincoln National Corp.	3.625%	12/12/26		100,000		104,453
Met Life Global Funding I(b)(c)	1.950%	01/13/23		200,000		195,770
New York Life Global Funding(c)	2.900%	01/17/24		100,000		105,046
New York Life Global Funding(c)	2.350%	07/14/26		50,000		49,780
Pricoa Global Funding(c)	3.450%	09/01/23		160,000		163,293
Principal Life Global Funding II(c)	2.375%	11/21/21		100,000		98,570
Progressive Corp.	3.200%	03/26/30		240,000		260,731
						1,530,280
Natural Gas - 0.2%
Atmos Energy Corp.(b)	2.625%	09/15/29		310,000		306,917

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 17.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
REITS - 1.1%
Alexandria Real Estate Equities, Inc.	3.950%	01/15/28	$	100,000	$	102,416
American Campus Communities, Inc.	3.625%	11/15/27		100,000		99,768
American Homes 4 Rent	4.250%	02/15/28		100,000		99,186
Boston Properties LP	2.750%	10/01/26		50,000		47,860
CubeSmart LP	3.125%	09/01/26		50,000		49,625
CubeSmart LP	3.000%	02/15/30		280,000		260,996
ERP Operating LP	2.850%	11/01/26		100,000		101,169
ERP Operating LP	2.500%	02/15/30		150,000		139,328
Life Storage LP	3.875%	12/15/27		100,000		89,927
Realty Income Corp.	3.875%	04/15/25		100,000		102,277
Realty Income Corp.	3.000%	01/15/27		100,000		94,802
Simon Property Group LP	2.000%	09/13/24		320,000		307,111
Spirit Realty LP	4.450%	09/15/26		100,000		95,083
Spirit Realty LP	4.000%	07/15/29		60,000		58,693
						1,648,241
Technology - 0.5%
Apple, Inc.	3.000%	06/20/27		100,000		108,196
Apple, Inc.(b)	2.200%	09/11/29		250,000		256,532
Dell International LLC(b)(c)	5.300%	10/01/29		100,000		97,268
Oracle Corp.	2.800%	04/01/27		300,000		305,797
						767,793

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 17.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Transportation - 0.4%
Continental Airlines Pass-Through Trust, Series 2012-1, Class B	6.250%	10/11/21	$	25,591	$	25,574
CSX Corp.	4.250%	11/01/66		100,000		99,826
Kirby Corp.	4.200%	03/01/28		100,000		98,594
Southwest Airlines Co.	3.000%	11/15/26		100,000		92,690
U.S. Airways Pass-Through Trust, Series 2011-1, Class A	7.125%	04/22/25		36,946		39,918
United Airlines Pass-Through Trust, Series 2013-1, Class B	5.375%	02/15/23		197,903		191,461
United Airlines Pass-Through Trust, Series 2007-1, Class A	6.636%	01/02/24		29,172		26,698
						574,761
Total Corporate Credit					$	25,392,092

Government Related - 0.5%	Coupon	Maturity	Shares / Par Value		Fair Value
Government Guaranteed - 0.4%
Tunisian Republic	1.416%	08/05/21		500,000		500,900
Government Owned, No Guarantee - 0.1%
Tennessee Valley Authority(f)	4.625%	09/15/60		125,000		194,503
Total Government Related					$	695,403

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6%	Coupon	Maturity	Shares / Par Value		Fair Value
ABS-Other - 3.3%
BXG Receivables Note Trust, Series 2012-A, Class B(c)	3.990%	12/02/27	$	29,406	$	28,753
Diamond Resorts Owner Trust, Series 2019-1A, Class B(c)	3.530%	02/20/32		234,417		225,470
FMC GMSR Issuer Trust, Series 2019-GT2, Class A(c)	4.230%	09/25/24		400,000		251,252
FORA Financial Asset Securitization LLC, Series 2019-1, Class A(c)(f)	4.018%	10/15/24		200,000		190,177
Gold Key Resorts LLC, Series 2014-A, Class A(c)	3.220%	03/17/31		29,963		29,940
GoodGreen Trust, Series 2017-1A, Class A(c)	3.740%	10/15/52		93,993		94,619
Helios Issuer LLC, Series 2019-AA, Class A(c)	3.750%	06/20/46		133,382		133,413
Hero Funding Trust, Series 2016-2A, Class A(c)	3.750%	09/20/41		103,757		106,676
Hero Funding Trust, Series 2016-3A, Class A1(c)	3.080%	09/20/42		176,392		178,940
Hero Funding Trust, Series 2016-3B, Class B(c)	5.240%	09/20/42		24,096		24,039
Hero Funding Trust, Series 2016-1R, Class A1(c)	4.500%	09/21/42		18,265		18,309
Hero Funding Trust, Series 2016-4A, Class A1(c)	3.570%	09/20/47		97,017		100,399
Hero Funding Trust, Series 2016-4B, Class B(c)	4.990%	09/20/47		37,273		37,456
Hero Funding Trust, Series 2017-3A, Class A1(c)	3.190%	09/20/48		96,872		95,180
Hero Funding Trust, Series 2018-1A, Class A2(c)	4.670%	09/20/48		104,073		108,157
Kabbage Funding LLC, Series 2019-1, Class C(c)(f)	4.611%	03/15/24		100,000		96,762
MarketPlace Loan Trust, Series 2017-BS1, Class A(c)(f)	3.500%	01/18/22		5,763		5,750
Mill City Solar Loan Ltd., Series 2019-2GS, Class A(c)	3.690%	07/20/43		225,599		213,328
Mosaic Solar Loans LLC, Series 2018-1A, Class A(c)	4.010%	06/22/43		131,700		126,453
Mosaic Solar Loans LLC, Series 2017-2A, Class B(c)	4.770%	06/22/43		79,572		72,932

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
ABS-Other - 3.3% (Continued)
Newtek Small Business Loan Trust, Series 2018-1, Class B (1MO LIBOR + 300)(a)(c)(f)	3.947%	02/25/44	$	154,829	$	150,080
NFAS LLC, Series 2019-1, Class A(c)(f)	4.172%	08/15/24		400,000		379,140
Octane Receivables Trust, Series 2019-1A, Class A(c)	3.160%	09/20/23		171,243		170,189
Ocwen Master Advance Receivables, Series 2019-T1, Class DT1(c)	3.107%	08/15/50		400,000		397,631
OnDeck Asset Securitization Trust, Series 2018-1A, Class B(c)(f)	4.020%	04/18/22		100,000		99,490
Renew Financial LLC, Series 2017-1A, Class A(c)	3.670%	09/20/52		110,596		115,855
Renew Financial LLC, Series 2017-1A, Class B(c)	5.750%	09/20/52		50,153		50,564
Renew Financial LLC, Series 2017-2A, Class A(c)(f)	3.220%	09/22/53		64,081		62,924
SFS Asset Securitization LLC, Series 2019-1, Class A(c)(f)	4.238%	06/10/25		150,000		141,606
SFS Asset Securitization LLC, Series 2019-1, Class B(c)(f)	5.023%	06/10/25		150,000		141,786
Small Business Lending Trust, Series 2019-A, Class A(c)(f)	2.850%	07/15/26		272,468		267,020
Small Business Lending Trust, Series 2020-A, Class B(c)(f)	3.200%	12/15/26		225,000		210,547
TES LLC, Series 2017-1A, Class A(c)(f)	4.330%	10/20/47		290,441		226,735
Westgate Resorts, Series 2018-1A, Class B(c)	3.580%	12/20/31		134,483		133,656
Westgate Resorts, Series 2018-1A, Class C(c)	4.100%	12/20/31		134,483		133,606
						4,818,834
Agency CMBS - 1.9%
FNMA, Pool #FN AE0834(a)	4.135%	01/01/21		28,924		29,406
FNMA, Pool #FN AN2213	2.810%	07/01/26		691,877		742,363
FNMA, Series 2019-M21, Class 1A1	1.950%	04/25/28		584,783		599,988
FNMA, Pool #FN 464107	4.820%	12/01/29		137,122		159,896
FNMA, Pool #FN AM9491	3.550%	08/01/30		176,638		202,752
FNMA, Pool #FN 469130	4.870%	10/01/41		131,774		143,366
FNMA, Pool #FN AM5015	4.940%	12/01/43		776,677		878,746
						2,756,517

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO - 19.0%
FHLMC, Pool #FG S20432, Series 306, Class F3 (1MO LIBOR + 30)(a)	1.005%	05/15/28	$	107,631	$	105,671
FHLMC, Series 2018-1, Class A2(c)	3.500%	06/25/28		200,000		207,360
FHLMC, Series 2646, Class ZH	5.000%	07/15/33		114,850		150,278
FHLMC, Series 4265, Class FD (1MO LIBOR + 40)(a)	1.105%	01/15/35		432,641		427,831
FHLMC, Series 4613, Class AF (1MO LIBOR + 110)(a)	1.805%	11/15/37		126,814		128,520
FHLMC, Series 3605, Class PB	4.500%	11/15/39		100,000		111,962
FHLMC, Series 3617, Class PC	4.500%	12/15/39		109,000		124,240
FHLMC, Series 3740, Class FC (1MO LIBOR + 50)(a)	1.205%	10/15/40		201,773		199,663
FHLMC, Series 3811, Class TA	5.000%	02/15/41		262,142		319,462
FHLMC, Series 3895, Class BF (1MO LIBOR + 50)(a)	1.205%	07/15/41		146,295		144,401
FHLMC, Series 4116, Class UB	2.500%	05/15/42		440,000		425,091
FHLMC, Series 263, Class F5 (1MO LIBOR + 50)(a)	1.205%	06/15/42		629,035		629,304
FHLMC, Series 4180, Class ZB	3.000%	03/15/43		887,076		898,852
FHLMC, Series 4210, Class Z	3.000%	05/15/43		365,337		363,178
FHLMC, Series 4333, Class GL	3.500%	04/15/44		200,000		235,851
FHLMC, Series 4830, Class DA	4.500%	11/15/44		258,370		266,832
FHLMC, Series 4731, Class EA	3.000%	10/15/45		381,505		400,110
FHLMC, Series 4377, Class KZ(a)	3.500%	02/15/52		757,798		913,510
FNMA, Series 2013-35, Class YT	6.500%	09/25/32		367,568		430,468
FNMA, Series 2012-129, Class HT	2.000%	12/25/32		81,672		82,053
FNMA, Series 2002-86, Class PG	6.000%	12/25/32		92,588		110,254
FNMA, Series 2004-56, Class Z	7.500%	03/25/34		184,021		222,992
FNMA, Series 2004-17, Class BA	6.000%	04/25/34		204,117		257,365
FNMA, Series 2005-3, Class CG	5.500%	02/25/35		198,532		232,897
FNMA, Series 2006-56, Class DC (1MO LIBOR + 65)(a)	1.597%	07/25/36		152,445		153,271
FNMA, Series 2009-19, Class TD	5.000%	08/25/36		83,750		97,942
FNMA, Series 2006-108, Class FD (1MO LIBOR + 38)(a)	1.327%	11/25/36		178,182		176,064
FNMA, Series 2007-39, Class NB	4.250%	05/25/37		175,305		193,672

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO - 19.0% (Continued)
FNMA, Series 2008-60, Class JC	5.000%	07/25/38	$	289,864	$	330,193
FNMA, Series 2009-103, Class MB(a)	4.364%	12/25/39		65,272		67,591
FNMA, Series 2010-2, Class LC	5.000%	02/25/40		200,000		238,536
FNMA, Series 2011-14, Class PB	5.000%	03/25/41		570,000		682,053
FNMA, Series 2011-57, Class PD	4.000%	07/25/41		321,407		379,022
FNMA, Series 11 62, Class UA	4.500%	07/25/41		1,145,843		1,306,429
FNMA, Series 2012-9, Class FC (1MO LIBOR + 40)(a)	1.347%	02/25/42		181,239		179,474
FNMA, Series 2012-56, Class WC	3.500%	05/25/42		500,000		556,675
FNMA, Series 2012-79, Class QB	2.000%	07/25/42		363,000		370,337
FNMA, Series 411, Class A3	3.000%	08/25/42		72,562		76,043
FNMA, Series 12 84, Class JL	2.000%	08/25/42		290,004		273,966
FNMA, Series 4102, Class CP	2.000%	09/15/42		24,303		24,326
FNMA, Series 2012-99, Class UY	2.500%	09/25/42		329,000		357,965
FNMA, Series 2016-32, Class GO (PO)	0.000%	01/25/43		550,519		456,515
FNMA, Series 2013-35, Class LP	3.000%	01/25/43		352,000		380,159
FNMA, Series 2013-35, Class CV	3.000%	02/25/43		350,000		385,864
FNMA, Series 13 6, Class QA	2.500%	02/25/43		846,159		842,608
FNMA, Series 13 31, Class NT	3.000%	04/25/43		349,509		364,685
FNMA, Series 2013-104, Class CY	5.000%	10/25/43		250,000		316,314
FNMA, Series 2013-115, Class PB	4.500%	11/25/43		300,000		382,906
FNMA, Series 2017-58, Class CZ	3.000%	08/25/47		458,938		456,709
FNMA, Series 2018-31, Class KB	3.500%	05/25/48		247,826		282,401
FNMA, Series 2019-8, Class ZD	3.500%	03/25/49		519,294		578,053
FNMA, Series 2019-60, Class WZ	2.750%	10/25/49		530,977		554,254
GNMA, Series 2004-49, Class MZ	6.000%	06/20/34		336,246		403,475
GNMA, Series 2005-13, Class BG	5.000%	02/20/35		212,000		243,084
GNMA, Series 2015-123, Class VB	3.500%	09/20/35		100,000		108,682
GNMA, Series 2006-17, Class JN	6.000%	04/20/36		296,847		343,801
GNMA, Series 2008-51, Class PH	5.250%	06/20/38		190,627		215,801
GNMA, Series 2009-2, Class PA	5.000%	12/20/38		80,112		88,866
GNMA, Series 2010-9, Class FA (1MO LIBOR + 52)(a)	1.225%	01/16/40		190,556		189,516
GNMA, Series 2010-105, Class ZC	4.500%	08/16/40		461,382		543,726
GNMA, Series 2011-93, Class WB	4.000%	03/20/41		3,926		4,115

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO - 19.0% (Continued)
GNMA, Series 2013-22, Class GA	2.500%	10/20/41	$	82,159	$	83,226
GNMA, Series 2012-74, Class LY	2.500%	06/20/42		225,000		236,032
GNMA, Series 12-134, Class KM	2.000%	09/20/42		342,000		340,677
GNMA, Series 2012-113, Class NZ	4.500%	09/20/42		254,901		302,757
GNMA, Series 2012-143, Class EG	2.000%	12/20/42		973,942		960,974
GNMA, Series 13 5, Class GY	3.000%	01/20/43		437,000		476,200
GNMA, Series 2013-6, Class PE	2.000%	01/20/43		100,000		98,843
GNMA, Series 2015-179, Class ZB	2.500%	02/20/45		54,815		57,360
GNMA, Series 2016-37, Class YA	3.000%	12/20/45		1,052,909		1,127,135
GNMA, Series 2016-38, Class ZP	3.500%	03/20/46		69,002		76,425
GNMA, Series 2016-111, Class HA	2.500%	08/20/46		194,643		203,330
GNMA, Series 2018-013, Class GD	3.000%	01/20/48		132,030		134,766
GNMA, Series 2018-14, Class MZ	3.000%	01/20/48		367,222		373,983
GNMA, Series 2019-20, Class JK	3.500%	02/20/49		356,101		381,118
GNMA, Series 2019-22, Class WD	3.000%	02/20/49		258,732		262,570
GNMA, Series 2019-86, Class WL	3.000%	07/20/49		500,000		530,031
GNMA, Series 2019-99, Class EW	3.000%	08/20/49		540,446		561,268
GNMA, Series 2019-99, Class GP	3.500%	08/20/49		517,000		581,486
GNMA, Series 2017-H18, Class EB (12MO LIBOR + 22)(a)	4.266%	06/20/63		368,761		393,961
GNMA, Series 2014-H15, Class FA (1MO LIBOR + 50)(a)	2.162%	07/20/64		98,225		96,420
GNMA, Series 2014-H14, Class FA (1MO LIBOR + 50)(a)	2.234%	07/20/64		354,787		349,098
GNMA, Series 2016-H11, Class FD (12MO LIBOR + 40)(a)	3.130%	05/20/66		280,007		275,469
GNMA, Series 2017-H16, Class DB(a)	4.439%	08/20/67		269,932		286,129
						28,182,496

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO Derivatives - 3.7%
FHLMC, Series 3994, Class EI (IO)	3.000%	02/15/22	$	236,451	$	4,503
FHLMC, Series 3874, Class KI (IO)	4.500%	08/15/25		108,292		1,421
FHLMC, Series 4214, Class CI (IO)	3.000%	06/15/31		1,475,254		60,067
FHLMC, Series 4114, Class IM (IO)	3.500%	07/15/31		2,566,649		156,624
FHLMC, Series 226, Class PO (PO)	0.000%	02/01/34		211,635		197,734
FHLMC, Series 3102, Class TA (IO)	7.500%	01/15/36		267,133		316,193
FHLMC, Series 3607, Class AO (PO)	0.000%	04/15/36		138,236		126,699
FHLMC, Series 237, Class S14 (IO) (-1*1MO LIBOR + 660)(a)	5.895%	05/15/36		605,509		125,776
FHLMC, Series 3199, Class OC (PO)	0.000%	08/15/36		219,074		202,105
FHLMC, Series 3318, Class AO (PO)	0.000%	05/15/37		6,647		6,261
FHLMC, Series 379, Class I (PO)	0.000%	05/25/37		79,193		73,471
FHLMC, Series 3607, Class OP (PO)	0.000%	07/15/37		180,579		164,233
FHLMC, Series 3594, Class SP (1MO LIBOR + 184.6)(a)	2.551%	12/15/37		32,334		34,663
FHLMC, Series 4074, Class SJ (IO)(a)	5.915%	07/15/42		1,630,059		307,010
FNMA, Series 2012-128, Class EI (IO)	3.500%	11/25/27		721,474		48,458
FNMA, Series 2012-148, Class IA (IO)	4.000%	01/25/28		396,408		33,522
FNMA, Series 348, Class II (IO)	6.000%	01/25/34		126,511		29,827
FNMA, Series 2015-82, Class AI (IO)	3.500%	06/25/34		1,751,592		153,967
FNMA, Series 2005-45, Class PQ (IO) (-1*1MO LIBOR + 550)(a)	4.553%	10/25/34		373,811		32,100
FNMA, Series 390, Class 32 (IO)	6.500%	12/25/34		189,593		39,389
FNMA, Series 384, Class 11 (IO)	5.000%	03/25/35		1,075,055		189,293
FNMA, Series 2016-28, Class DI (IO)	3.500%	03/25/35		1,779,997		164,020
FNMA, Series 2016-24, Class KI (IO)	3.500%	07/25/35		830,200		85,811
FNMA, Series 2006-96, Class MO (PO)	0.000%	10/25/36		80,012		76,534
FNMA, Series 398, Class C5 (IO)	5.000%	05/25/39		1,339,297		218,865
FNMA, Series 2013-120, Class JI (IO)	4.000%	02/25/40		894,241		41,962
FNMA, Series 2010-44, Class CS (IO) (-1*1MO LIBOR + 655)(a)	5.603%	05/25/40		130,228		21,611
FNMA, Series 2012-63, Class NI (IO)	4.000%	06/25/40		2,424,272		139,522
FNMA, Series 2011-14, Class PI (IO)	5.000%	06/25/40		156,425		10,176
FNMA, Series 2012-100, Class MI (IO)	4.500%	12/25/40		742,903		51,179
FNMA, Series 2003-W10, Class 3IO (IO)(a)	0.691%	06/25/43		13,935,527		274,283

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS CMO Derivatives - 3.7% (Continued)
FNMA, Series 2013-82, Class SB (-2.67*1MO LIBOR + 1173)(a)	7.320%	08/25/43	$	406,211	$	561,528
FNMA, Series 2013-101, Class DO (PO)	0.000%	10/25/43		198,981		172,155
FNMA, Series 2014-42, Class SN (IO) (-1*1MO LIBOR + 605)(a)	5.103%	07/25/44		881,391		146,525
GNMA, Series 2010-47, Class PX (IO) (-1*1MO LIBOR + 670)(a)	5.927%	06/20/37		657,997		111,746
GNMA, Series 2012-146, Class AI (IO)	3.000%	10/20/37		2,932,926		160,799
GNMA, Series 2008-38, Class ID (IO)	6.000%	03/20/38		493,031		43,697
GNMA, Series 2008-40, Class SA (IO) (-1*1MO LIBOR + 640)(a)	5.695%	05/16/38		75,784		13,302
GNMA, Series 2013-124, Class ES (-1.333*1MO LIBOR + 866.7)(a)	7.636%	04/20/39		188,318		192,994
GNMA, Series 2011-145, Class QI (IO)	5.000%	11/16/41		306,431		46,830
GNMA, Series 2013-113, Class QS (IO) (-1*1MO LIBOR + 620)(a)	5.427%	02/20/42		1,005,969		172,694
GNMA, Series 2014-141, Class IE (IO)	4.000%	08/20/43		430,071		21,914
GNMA, Series 2019-98, Class BI (IO)	3.000%	06/20/49		847,484		295,472
GNMA, Series 2012-H02, Class AI (IO)(a)	1.895%	01/20/62		208,486		9,909
GNMA, Series 2013-H13, Class T1 (IO)(a)	0.473%	05/20/63		2,341,232		64,115
GNMA, Series 2016-H20, Class GI (IO)(a)	0.333%	08/20/66		2,333,990		24,069
GNMA, Series 2017-H11, Class PI (IO)(a)	2.564%	04/20/67		320,214		5,875
GNMA, Series 2017-H22, Class ID (IO)(a)	2.487%	11/20/67		151,413		4,907
GNMA, Series 2018-H08, Class NI (IO)(a)	0.739%	05/20/68		1,433,299		33,289
						5,469,099

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Agency MBS Passthrough - 5.2%
FHLMC, Pool #FG G14973	4.000%	12/01/28	$	225,864	$	240,232
FHLMC, Pool #FG U59010	4.000%	11/01/34		308,347		332,516
FHLMC, Pool #G61909	4.500%	12/01/37		812,450		887,429
FHLMC, Pool #FG G06085	6.500%	09/01/38		85,132		98,034
FNMA, Pool #FN 252409	6.500%	03/01/29		118,989		133,268
FNMA, Pool #FN AL5850	3.500%	10/01/29		189,773		201,342
FNMA, Pool #AS7287	3.500%	06/01/31		848,791		904,186
FNMA, Pool #FN AT7120	3.500%	06/01/33		186,672		201,236
FNMA, Pool #PN MA2198	3.500%	03/01/35		621,796		668,983
FNMA, Pool #MA3050	4.500%	06/01/37		1,263,975		1,377,156
FNMA, Pool #FN AS4073	4.000%	12/01/44		261,928		289,301
FNMA, Pool #FN MA2778	3.500%	10/01/46		458,741		484,406
FNMA, Pool #BN5247	5.000%	02/01/49		818,002		882,676
GNMA, Pool #GN 784279	5.500%	11/15/38		584,663		664,088
GNMA, Pool #GN 78541	4.500%	06/15/46		259,883		287,410
						7,652,263

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Auto Loan - 5.6%
American Credit Acceptance Receivables Trust, Series 2017-1, Class E(c)	5.440%	03/13/24	$	100,000	$	96,489
American Credit Acceptance Receivables Trust, Series 2018-3, Class D(c)	4.140%	10/15/24		380,000		368,662
Arivo Acceptance Auto Loan Receivables Trust, Series 2019-1, Class A(c)	2.990%	07/15/24		150,746		147,877
Bank of the West Auto Trust, Series 2017-1, Class B(c)	2.620%	11/15/23		100,000		99,395
California Republic Auto Receivables Trust, Series 2015-4, Class C(c)	4.230%	09/15/22		100,000		100,018
CarNow Auto Receivables Trust, Series 2019-1A, Class C(c)	3.360%	06/17/24		500,000		485,906
Carvana Auto Receivable Trust, Series 2019-3A, Class A2(c)	2.420%	04/15/22		427,786		419,253
Carvana Auto Receivable Trust, Series 2019-2A, Class D(a)(c)	3.280%	01/15/25		300,000		282,267
Carvana Auto Receivable Trust, Series 2019-3A, Class D(c)	3.040%	04/15/25		270,000		228,624
Carvana Auto Receivable Trust, Series 2019-4A, Class D(c)	3.070%	07/15/25		250,000		223,547
CPS Auto Trust, Series 2017-D, Class C(c)	3.010%	10/17/22		100,000		99,435
CPS Auto Trust, Series 2019-A, Class D(c)	4.350%	12/16/24		100,000		93,083
CPS Auto Trust, Series 2019-B, Class D(c)	3.690%	03/17/25		100,000		98,594
CPS Auto Trust, Series 2019-C, Class C(c)	2.840%	06/16/25		250,000		244,484
Credit Acceptance Auto Trust, Series 2019-3, Class C(c)	3.060%	03/15/29		400,000		369,548
Drive Auto Receivables Trust, Series 2016-CA, Class D(c)	4.180%	03/15/24		397,237		392,899
First Investors Auto Owner Trust, Series 2017-3A, Class D(c)	3.440%	03/15/24		132,000		130,575
Flagship Credit Auto Trust, Series 2019-3, Class C(c)	2.740%	10/15/25		650,000		595,150
GLS Auto Receivables Trust, Series 2019-2A, Class Class C(c)	3.540%	02/18/25		600,000		519,372
GLS Auto Receivables Trust, Series 2019-3A, Class C(c)	2.960%	05/15/25		250,000		242,389

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Auto Loan - 5.6% (Continued)
Hertz Fleet Lease Funding LP, Series 2017-1, Class C(c)	3.140%	04/10/31	$	172,000	$	171,418
Hertz Fleet Lease Funding LP, Series 2017-1, Class E(c)	5.800%	04/10/31		100,000		99,968
Hertz Fleet Lease Funding LP, Series 2018-1, Class E(c)	5.550%	05/10/32		250,000		252,944
Hertz Fleet Lease Funding LP, Series 2019-1, Class E(c)	4.620%	01/10/33		100,000		99,665
Navistar Financial Dealer Note Master Trust, Series 2018-1, Class D (1MO LIBOR + 155)(a)(c)	2.497%	09/25/23		150,000		145,162
Navistar Financial Dealer Note Master Trust, Series 2019-1, Class D (1MO LIBOR + 145)(a)(c)	2.397%	05/28/24		285,000		276,513
NextGear Floorplan Master Owner Trust, Series 2018-1A, Class A1 (1MO LIBOR + 64)(a)(c)	1.345%	02/15/23		150,000		142,490
OneMain Direct Auto Receivables Trust, Series 2017-2A, Class D(c)	3.420%	10/15/24		500,000		498,140
OSCAR US Funding Trust, Series 2019-2A, Class A2(c)	2.490%	08/10/22		185,236		186,044
Prestige Auto Receivable Trust, Series 2019-1, Class A-2(c)	2.440%	07/15/22		297,776		296,928
Skopos Auto Receivables Trust, Series 2019-1A, Class A(c)	2.900%	12/15/22		254,516		248,291
Skopos Auto Receivables Trust, Series 2019-1A, Class B(c)	3.430%	09/15/23		600,000		548,834
Tesla Auto Lease Trust, Series 2018-B, Class D(c)	5.290%	11/22/21		100,000		97,860
Veros Auto Receivables Trust, Series 2018-1, Class A(c)	3.630%	05/15/23		10,637		10,617
						8,312,441

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 3.9%
Avant Loans Funding Trust, Series 2019-A, Class A(c)	3.480%	07/15/22	$	199,550	$	194,144
Avant Loans Funding Trust, Series 2020-REV1, Class A(c)	2.170%	05/15/29		200,000		197,000
Consumer Loan Underlying Bond Credit Trust, Series 2017-NP2, Class C(c)	4.870%	01/16/24		64,505		64,141
Consumer Loan Underlying Bond Credit Trust, Series 2018-P3, Class A(c)	3.820%	01/15/26		50,824		49,384
Consumer Loan Underlying Bond Credit Trust, Series 2019-P1, Class A(c)	2.940%	07/15/26		85,305		82,398
Freedom Financial, Series 2018-1, Class B(c)	4.560%	07/18/24		350,000		332,449
Freedom Financial, Series 2018-2, Class A(c)	3.990%	10/20/25		67,535		66,007
Freedom Financial, Series 2019-1, Class B(c)	3.870%	06/18/26		200,000		172,215
Freedom Financial, Series 2020-FP1, Class A(c)	2.520%	03/18/27		206,136		195,829
Freedom Financial, Series 2020-FP1, Class B(c)	3.060%	03/18/27		225,000		211,960
LendingPoint Asset Securitization Trust, Series 2019-1, Class A(c)	3.154%	08/15/25		468,188		458,985
LendingPoint Asset Securitization Trust, Series 2019-1, Class B(c)	3.613%	08/15/25		400,000		371,743
LL ABS Trust, Series 2019-1A, Class B(c)	3.520%	03/15/27		150,000		135,406
Marlette Funding Trust, Series 2018-1A, Class B(c)	3.190%	03/15/28		42,657		42,461
Marlette Funding Trust, Series 2019-4A, Class B(c)	2.950%	12/17/29		125,000		109,448
Marlette Funding Trust, Series 2020-1A, Class C(c)	2.800%	03/15/30		200,000		154,971
Newtek Small Business Loan Trust, Series 2019-01, Class B (1MO LIBOR + 250)(a)(c)	4.127%	12/25/44		382,049		368,562
Oportun Funding LLC, Series 2018-D, Class B(c)(f)	4.830%	12/09/24		100,000		92,251
Prosper Marketplace Issuance Trust, Series 2019-3A, Class B(c)	3.590%	07/15/25		150,000		132,726
Prosper Marketplace Issuance Trust, Series 2019-4A, Class B(c)	3.200%	02/17/26		200,000		175,848
Regional Management Issuance Trust, Series 2019-1, Class C(c)(f)	4.110%	11/15/28		200,000		159,142

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 3.9% (Continued)
Republic Finance Issuance Trust, Series 2019-A, Class A(c)	3.430%	11/22/27	$	300,000	$	261,543
Upgrade Master Pass-Thru Trust, Series 2019-ST1, Class A(c)	4.000%	07/15/25		107,374		88,686
Upgrade Master Pass-Thru Trust, Series 2019-ST3, Class A(c)	3.750%	11/15/25		159,850		133,796
Upgrade Receivables Trust, Series 2018-1A, Class A(c)	3.760%	11/15/24		8,755		8,670
Upgrade Receivables Trust, Series 2019-1A, Class B(c)	4.090%	03/15/25		250,000		239,678
Upstart Pass-Through Trust, Series 2020-ST3, Class A(c)(f)	3.350%	04/20/28		200,000		160,000
Upstart Securitization Trust, Series 2019-1, Class B(c)	4.190%	04/20/26		100,000		93,569
Upstart Securitization Trust, Series 2020-ST1, Class A(c)(f)	3.750%	02/20/28		263,502		214,681
Upstart Securitization Trust, Series 2019-2, Class A(c)	2.897%	09/20/29		209,638		194,199
Upstart Securitization Trust, Series 2019-2, Class B(c)	3.734%	09/20/29		475,000		379,584
Upstart Securitization Trust, Series 2019-3, Class B(c)	3.829%	01/21/30		200,000		169,980
						5,711,456
Credit Cards - 0.5%
Continental Credit Card LLC, Series 2019-1A, Class A(b)(c)(f)	3.830%	08/15/26		400,000		396,714
Continental Credit Card LLC, Series 2019-1A, Class B(c)(f)	4.950%	08/15/26		150,000		148,591
Fortiva Retail Credit Master Note, Series 2018-1, Class A(c)	5.540%	11/15/23		150,000		151,374
Genesis Sales Finance Master Trust, Series 2019-AA, Class A(c)	4.680%	08/20/23		100,000		89,262
						785,941

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Equipment - 1.5%
Business Jet Securities LLC, Series 2018-1, Class A(c)	4.335%	02/15/33	$	56,097	$	46,316
Business Jet Securities LLC, Series 2018-1, Class B(c)	6.048%	02/15/33		52,017		39,065
Business Jet Securities LLC, Series 2018-2, Class A(c)	4.447%	06/15/33		307,639		248,607
Business Jet Securities LLC, Series 2018-2, Class B(c)	5.437%	06/15/33		72,196		52,938
Business Jet Securities LLC, Pool #2019-1, Series 2019-1, Class B(c)	5.193%	07/15/34		139,622		88,925
CAL Funding Ltd., Series 2018-1A, Class A(c)	3.960%	02/25/43		277,083		274,604
CLI Funding LLC, Series 2017-1A, Class A(c)	3.620%	05/18/42		139,807		135,843
CLU Funding VI LLC, Series 2019-1, Class A(c)	3.710%	05/18/44		102,903		95,655
Global SC Finance II SRL, Series 2013-1A, Class A(c)	2.980%	04/17/28		154,167		150,200
Global SC Finance SRL, Series 2014-1A, Class A2(c)	3.090%	07/17/29		204,533		189,257
HPEFS Equipment Trust, Series 2019-1A, Class A2(c)	2.190%	09/20/29		200,000		198,316
SCF Equipment Trust LLC, Series 2017-1A, Class A(c)	3.770%	01/20/23		28,047		28,089
TAL Advantage LLC, Series 2014-3A, Class A(c)	3.270%	11/21/39		186,667		176,289
Textainer Marine Containers, Series 2018-1A, Class A(c)	4.110%	08/20/43		440,000		446,838
						2,170,942

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency CMBS - 7.6%
A10 Securitization, Series 2017-1A, Class C(c)	4.050%	03/15/36	$	250,000	$	240,087
A10 Securitization, Series 2017-1A, Class D(c)	4.700%	03/15/36		250,000		235,089
American Homes 4 Rent, Series 2014-SFR2, Class D(c)	3.678%	12/17/36		203,865		198,263
American Homes 4 Rent, Series 2015-SFR1, Class A(c)	3.467%	04/17/52		117,424		114,146
B2R Mortgage Trust, Series 2015-2, Class A(c)	3.336%	11/15/48		34,543		34,436
Bancorp Commercial Mortgage Trust (The), Series 2017-CRE2, Class C (1MO LIBOR + 235)(a)(c)	3.055%	08/15/32		250,000		231,634
Bancorp Commercial Mortgage Trust (The), Series 2018-CR3, Class A (1MO LIBOR + 85)(a)(c)	1.555%	01/15/33		36,714		34,535
Barclays Commercial Mortgage Securities LLC, Series 2015-STP, Class D(a)(c)	4.284%	09/10/20		150,000		147,977
BX Trust, Series 2018-BILT, Class A (1MO LIBOR + 80)(a)(c)	1.505%	05/15/30		250,000		227,556
BX Trust, Series 2019-OC11, Class B(c)	3.605%	12/09/41		300,000		259,374
BX Trust, Series 2019-OC11, Class D(c)	4.075%	12/09/41		225,000		176,492
BXMT Ltd., Series 2017-FL1, Class B (1MO LIBOR + 150)(a)(c)(f)	2.300%	06/15/35		275,000		249,753
BXMT Ltd., Series 2020-FL2, Class A (1MO LIBOR + 90)(a)(c)(f)	1.605%	02/16/37		225,000		211,119
BXMT Ltd., Series 2020-FL2, Class D (1MO LIBOR + 195)(a)(c)(f)	2.655%	02/16/37		225,000		187,180
BXT Trust, Series 2018-EXCL, Class A (1MO LIBOR + 1088)(a)(c)(f)	1.792%	09/15/20		90,739		79,234
Citigroup Commercial Mortgage, Series 2017-MDRB, Class D (1MO LIBOR + 325)(a)(c)	3.955%	07/15/30		150,000		129,294
Colony American Finance Ltd., Series 2016-1, Class A(c)	2.544%	06/15/48		29,757		29,562
Colony American Finance Ltd., Series 2016-2, Class B(c)	3.141%	11/15/48		150,000		147,279
Colony American Finance Ltd., Series 2020-1, Class A1(c)	1.832%	03/15/50		250,000		240,573

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency CMBS - 7.6% (Continued)
Colony American Finance Ltd., Series 2020-1, Class A2(c)	2.296%	03/15/50	$	250,000	$	231,490
Cosmopolitan Hotel Trust, Series 2017-CSMO, Class D (1MO LIBOR + 225)(a)(c)(f)	2.955%	11/15/36		100,000		89,435
Exantas Capital Corp., Series 2019-RS07, Class AS (1MO LIBOR + 150)(a)(c)(f)	2.300%	04/15/36		100,000		84,000
FREMF Mortgage Trust, Series 2019-K735, Class B(a)(c)	4.020%	05/25/26		500,000		485,423
FREMF Mortgage Trust, Series 2019-K736, Class B(a)(c)	3.759%	07/25/26		650,000		621,478
Home Partners of America Trust, Series 2019-1, Class B(c)	3.157%	09/17/27		587,223		562,740
Home Partners of America Trust, Series 2019-2, Class B(c)	2.922%	10/19/39		648,847		595,546
Invitation Homes Trust, Series 2017-SFR2, Class A (1MO LIBOR + 85)(a)(c)	2.509%	12/17/36		505,339		458,631
Invitation Homes Trust, Series 2018-SFR1, Class E (1MO LIBOR + 200)(a)(c)	3.658%	03/17/37		149,980		116,815
Invitation Homes Trust, Series 2018-SFR3, Class A (1M LIBOR + 100)(a)(c)	2.658%	07/17/37		894,486		829,597
Invitation Homes Trust, Series 2018-SFR3, Class D (1MO LIBOR + 165)(a)(c)	3.309%	07/17/37		150,000		125,489
KKR Real Estate Finance Trust, Inc., Series 2018-FL1, Class A (1MO LIBOR + 110)(a)(c)(f)	1.900%	06/15/36		500,000		465,172
Multi Family Connecticut Avenue, Series 2019-01, Class M7 (1MO LIBOR + 170)(a)(c)	2.647%	10/15/49		194,028		171,176
Multi Family Housing Mortgage Loan, Series 2019-FL2, Class C (1MO LIBOR + 200)(a)(c)(f)	2.947%	12/25/34		300,000		275,872
Progress Residential Trust, Series 2015-SFR3, Class A(c)	3.067%	11/12/32		212,193		210,721
Progress Residential Trust, Series 2015-SFR3, Class D(c)	4.673%	11/12/32		100,000		98,956
Progress Residential Trust, Series 2017-SFR2, Class B(c)	3.196%	12/17/34		200,000		195,379
Progress Residential Trust, Series 2019-SFR3, Class A(c)	2.271%	09/17/36		500,000		475,643

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency CMBS - 7.6% (Continued)
Progress Residential Trust, Series 2019-SFR3, Class B(c)	2.571%	09/17/36	$	500,000	$	468,977
Progress Residential Trust, Series 2019-SFR3, Class E(c)	3.369%	09/17/36		200,000		172,975
Progress Residential Trust, Series 2020-SFR1, Class E(c)	3.032%	04/17/37		250,000		206,514
ReadyCap Commercial Mortgage Trust, Series 2018-FL2, Class A (1MO LIBOR + 85)(a)(c)(f)	1.797%	06/25/35		23,812		23,707
ReadyCap Commercial Mortgage Trust, Series 2018-FL2, Class D (1MO LIBOR + 270)(a)(c)(f)	3.647%	06/25/35		50,000		43,113
TPG Real Estate Finance, Series 2019-FL3, Class A (1MO LIBOR + 115)(a)(c)(f)	1.950%	10/15/34		400,000		357,451
Tricon American Homes, Series 2016-SFR1, Class C(c)	3.487%	11/17/33		100,000		97,727
Tricon American Homes, Series 2018-SFR1, Class A(c)	3.530%	05/17/37		200,000		192,310
VMC Finance LLC, Series 2018-FL2, Class A (1MO LIBOR + 92)(a)(c)	1.720%	10/15/35		424,160		395,954
WF-RBS Commercial Mortgage Trust, Series 2011-C2, Class D(a)(c)	5.662%	02/15/44		100,000		96,678
						11,322,552

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Non Agency MBS CMO - 0.4%
Arroyo Mortgage Trust, Series 2018-1, Class A1(c)	3.763%	04/25/48	$	91,251	$	88,819
Arroyo Mortgage Trust, Series 2019-2, Class M1(c)	4.760%	04/25/49		100,000		66,602
Cascade Funding Mortgage Trust, Series 2019-MH1, Class M(c)	5.985%	11/25/44		100,000		98,559
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A1(c)	4.580%	06/25/48		90,852		91,284
LHFC Depositor LLC, Series 2019-RLT1, Class A2(c)	4.948%	10/25/23		100,000		93,796
Nationstar HECM Loan Trust, Series 2018-3A, Class M2(c)	4.155%	11/25/28		100,000		99,986
RMF Buyout Issuance Trust, Series 2018-1, Class M3(c)	4.448%	11/25/28		100,000		100,000
Structured Asset Securities Corp., Series 2003-37A, Class 2A(a)	4.105%	12/25/33		12,323		10,589
						649,635

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Student Loan - 3.0%
College Ave Student Loans, Series 2018-A, Class B(c)	4.750%	12/26/47	$	140,000	$	147,857
College Ave Student Loans, Series 2018-A, Class C(c)	5.500%	12/26/47		100,000		105,917
College Ave Student Loans, Series 2019-A, Class A1 (1MO LIBOR + 140)(a)(c)	2.347%	12/28/48		183,641		174,899
College Ave Student Loans, Series 2019-A, Class C(c)	4.460%	12/28/48		250,000		253,696
Earnest Student Loan Program LLC, Series 2016-C, Class A2(c)	2.680%	07/25/35		334,253		335,446
Earnest Student Loan Program LLC, Series 2017-A, Class B(c)	3.590%	01/25/41		96,066		96,467
Laurel Road Prime Student Loan, Series 2018-B, Class A2(c)	3.540%	05/26/43		128,268		125,428
Laurel Road Prime Student Loan, Series 2019-A, Class A2FX(c)	2.730%	10/25/48		300,000		301,179
SMB Private Education Loan Trust, Series 2018-C, Class B(c)	4.000%	11/17/42		200,000		212,454
Social Professional Loan Program, Series 2015-B, Class A2(c)	2.510%	09/27/32		56,190		56,191
Social Professional Loan Program, Series 2016-C, Class A2B(c)	2.360%	12/27/32		138,892		139,391
Social Professional Loan Program, Series 2015-D, Class B(c)	3.590%	10/26/37		135,019		135,461
Social Professional Loan Program, Series 2017-B, Class CFX(c)	4.440%	05/25/40		150,000		157,273
Social Professional Loan Program, Series 2017-E, Class A2B(c)	2.720%	11/26/40		225,000		220,358
Social Professional Loan Program, Series 2017-E, Class C(c)	4.160%	11/26/40		700,000		728,920
Social Professional Loan Program, Series 2016-E, Class C(c)	4.430%	10/25/41		200,000		210,190
Social Professional Loan Program, Series 2018-A, Class A1 (1MO LIBOR + 35)(a)(c)	1.297%	02/25/42		99,494		98,118
Social Professional Loan Program, Series 2020-A, Class BFX(c)	3.120%	05/15/46		425,000		361,288

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 55.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Student Loan - 3.0%(Continued)
Social Professional Loan Program, Series 2018-D, Class BFX(c)	4.140%	02/25/48	$	200,000	$	204,249
Social Professional Loan Program, Series 2019-C, Class BFX(c)	3.050%	11/16/48		400,000		397,455
						4,462,237
Total Securitized					$	82,294,413

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Treasury - 21.0%	Coupon	Maturity	Shares / Par Value		Fair Value
U.S. Treasury Notes	0.125%	04/15/21	$	200,000	$	195,938
U.S. Treasury Notes(b)	2.000%	11/30/22		1,500,000		1,568,555
U.S. Treasury Bonds	1.500%	03/31/23		1,225,000		1,269,454
U.S. Treasury Notes(b)	1.625%	04/30/23		100,000		104,094
U.S. Treasury Notes	2.500%	05/15/24		750,000		816,094
U.S. Treasury Notes (b)	2.250%	11/15/24		250,000		271,504
U.S. Treasury STRIPS	0.000%	02/15/25		300,000		292,530
U.S. Treasury Notes(b)	2.000%	08/15/25		1,000,000		1,082,266
U.S. Treasury Notes	2.250%	11/15/25		2,000,000		2,196,875
U.S. Treasury Notes	1.625%	02/15/26		3,000,000		3,196,172
U.S. Treasury STRIPS	0.000%	05/15/28		1,000,000		942,677
U.S. Treasury Notes	2.875%	08/15/28		2,035,000		2,407,182
U.S. Treasury STRIPS	0.000%	11/15/31		500,000		447,827
U.S. Treasury STRIPS	0.000%	02/15/33		800,000		702,953
U.S. Treasury STRIPS	0.000%	05/15/35		1,000,000		850,021
U.S. Treasury STRIPS	0.000%	02/15/37		1,725,000		1,416,270
U.S. Treasury Notes	4.750%	02/15/37		150,000		239,584
U.S. Treasury Bonds	3.500%	02/15/39		235,000		334,554
U.S. Treasury Bonds	4.250%	05/15/39		500,000		777,266
U.S. Treasury Bonds	3.875%	08/15/40		550,000		825,258
U.S. Treasury Notes	4.250%	11/15/40		925,000		1,453,912
U.S. Treasury Bonds	4.750%	02/15/41		700,000		1,169,820
U.S. Treasury STRIPS	0.000%	08/15/41		500,000		376,917
U.S. Treasury Bonds	2.750%	11/15/42		600,000		775,078
U.S. Treasury Bonds	3.750%	11/15/43		1,500,000		2,255,391
U.S. Treasury Bonds	2.250%	08/15/46		1,780,000		2,142,675
U.S. Treasury Bonds	3.000%	02/15/48		1,975,000		2,733,909
U.S. Treasury Bonds	2.000%	02/15/50		150,000		174,217
Total Treasury					$	31,018,993

Registered Investment Companies - 7.2%	Shares		Fair Value
State Street Institutional Liquid Reserves Fund, Premier Class, 0.82%(d)		5,995,889		5,990,493

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Registered Investment Companies - 7.2% (Continued)	Shares		Fair Value
State Street Navigator Securities Lending Portfolio I, 0.90%(d)(e)		4,701,720	$	4,701,720
Total Registered Investment Companies			$	10,692,213
Total Investment Securities - 101.5% (Cost $146,728,100)			$	150,093,114
Liabilities in Excess of Other Assets - (1.5)%				(2,174,740	)
Net Assets - 100.0%			$	147,918,374

(a)	Variable rate security. The rate shown is the effective interest rate as of March 31, 2020. 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, prepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $6,919,925.
(c)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of March 31, 2020 was $41,196,590, representing 27.8% of net assets.
(d)	The rate shown is the 7-day effective yield as of March 31, 2020.
(e)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $4,701,720. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $2,367,250.

^(f) Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of March 31, 2020 was $5,403,935, representing 3.7% of net assets.

AG -	Aktiengesellschaft
BV -	Besloten Vennootschap
IO -	Interest Only
LIBOR -	London Interbank Offered Rate
NA -	National Association
NV -	Naamloze Vennootschap
plc -	Public Limited Company
PO -	Principal Only
SA -	Societe Anonyme
UA -	Uitgesloten Aansprakelijkheid

See accompanying notes to Schedules of Investments.

Diamond Hill Corporate Credit Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Collateralized Debt Obligations - 0.1%	Coupon	Maturity	Shares / Par Value		Fair Value
Alesco Preferred Funding Ltd., Class PNNE(f)*		03/23/35	$	336,608	$	148,781
Alesco Preferred Funding Ltd. VI, Class PNN(f)*		03/23/35		621,631		288,248
Fort Sheridan ABS CDO Ltd., Series 05-1A, Class PPN2(f)*		11/05/41		611,948		345,633
Taberna Preferred Funding Ltd., Class PPN2(f)*		07/05/35		1,175,564		544,426
Total Collateralized Debt Obligations					$	1,327,088

Corporate Bonds - 88.0%	Coupon	Maturity	Shares / Par Value		Fair Value
Automotive - 4.2%
Delphi Jersey Holdings plc(a)	5.000%	10/01/25		2,250,000		1,794,375
Fiat Chrysler Automobiles NV	4.500%	04/15/20		580,000		578,312
Fiat Chrysler Automobiles NV(b)	5.250%	04/15/23		400,000		379,864
Ford Motor Credit Co. LLC	4.271%	01/09/27		21,881,000		18,653,553
General Motors Co., Inc.	6.250%	10/02/43		8,592,000		6,823,340
Lear Corp.(b)	5.250%	05/15/49		14,020,000		12,182,526
Toyota Motor Credit Corp.	3.375%	04/01/30		500,000		505,856
						40,917,826
Banking - 1.8%
Popular, Inc.	6.125%	09/14/23		18,795,000		17,385,375

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 88.0% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Basic Industry - 6.1%
Ashland Global Holdings, Inc.(b)	6.875%	05/15/43	$	11,202,000	$	11,314,020
Century Communities, Inc.(b)	5.875%	07/15/25		6,437,000		5,515,028
Century Communities, Inc.	6.750%	06/01/27		645,000		522,044
GCP Applied Technologies, Inc.(a)	5.500%	04/15/26		5,971,000		5,553,030
Mueller Industries, Inc.(b)	6.000%	03/01/27		24,649,000		22,245,723
Summit Materials LLC(b)	6.125%	07/15/23		10,102,000		10,000,980
Summit Materials LLC(a)	6.500%	03/15/27		3,677,000		3,474,765
Zekelman Industries, Inc.(a)	9.875%	06/15/23		1,200,000		1,164,000
						59,789,590
Capital Goods - 4.5%
Boeing Co. (The)	3.600%	05/01/34		2,848,000		2,547,288
Hillenbrand, Inc.	4.500%	09/15/26		6,059,000		6,174,710
Huntington Ingalls Industries, Inc.(a)	3.844%	05/01/25		1,000,000		1,029,647
Huntington Ingalls Industries, Inc.(a)	4.200%	05/01/30		4,000,000		4,141,306
SPX Flow, Inc.(a)	5.625%	08/15/24		1,662,000		1,612,140
TransDigm, Inc.(b)	6.500%	07/15/24		15,536,000		14,792,602
Welbilt, Inc.	9.500%	02/15/24		16,200,000		13,770,000
						44,067,693
Consumer Goods - 6.3%
BAT Capital Corp.	4.906%	04/02/30		500,000		512,892
BAT Capital Corp.	4.390%	08/15/37		500,000		463,260
BAT Capital Corp.	4.540%	08/15/47		6,310,000		5,758,326
Estee Lauder Cosmetics, Inc.	3.125%	12/01/49		500,000		485,609
Hasbro, Inc.	3.900%	11/19/29		450,000		405,302
Hasbro, Inc.	6.350%	03/15/40		20,166,000		19,250,285
Hasbro, Inc.	5.100%	05/15/44		6,704,000		5,593,469
Pilgrim's Pride Corp.(a)(b)	5.750%	03/15/25		10,886,000		10,940,430
Sysco Corp.	2.400%	02/15/30		8,991,000		7,386,485
Sysco Corp.	5.950%	04/01/30		1,600,000		1,684,781
Sysco Corp.	3.300%	02/15/50		6,050,000		4,387,332
Sysco Corp.	6.600%	04/01/50		4,675,000		5,079,861
						61,948,032

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 88.0% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Energy - 10.2%
Apergy Corp.(b)	6.375%	05/01/26	$	19,004,000	$	14,633,081
Cimarex Energy Co.	3.900%	05/15/27		1,605,000		1,163,859
Concho Resources, Inc.	3.750%	10/01/27		1,090,000		925,233
Diamondback Energy, Inc	3.500%	12/01/29		750,000		528,909
Diamondback Energy, Inc.	2.875%	12/01/24		2,025,000		1,414,681
Diamondback Energy, Inc.	5.375%	05/31/25		231,000		170,344
Energen Corp.(f)	7.125%	02/15/28		22,389,000		25,034,761
Enterprise Products Operating LLC	3.950%	01/31/60		1,000,000		841,566
Floatel International Ltd.(f)	9.000%	04/11/24		6,400,000		960,000
Floatel International Ltd.(f)	12.750%	04/11/24		3,400,000		34,000
Magnolia Oil & Gas Corp.(a)(f)	6.000%	08/01/26		19,817,000		11,890,200
Welltec A/S(a)	9.500%	12/01/22		35,483,000		33,354,020
WPX Energy, Inc.	5.250%	09/15/24		4,477,000		2,730,970
WPX Energy, Inc.	5.750%	06/01/26		1,537,000		876,090
WPX Energy, Inc.	5.250%	10/15/27		9,254,000		5,089,700
						99,647,414
Financial Services - 8.8%
Alliance Data Systems Corp.(a)(b)	4.750%	12/15/24		29,418,000		22,357,680
Credit Acceptance Corp.(a)(b)	5.125%	12/31/24		5,661,000		5,151,510
Credit Acceptance Corp.(b)	6.625%	03/15/26		1,848,000		1,746,360
FirstCash, Inc.(a)	5.375%	06/01/24		19,571,000		18,739,233
FS KKR Capital Corp.	4.125%	02/01/25		17,784,000		14,464,208
FS KKR Capital Corp. II(a)	4.250%	02/14/25		15,400,000		12,482,417
LPL Holdings, Inc.(a)	5.750%	09/15/25		1,912,000		1,835,520
Nationstar Mortgage / Capital Corp.(a)	8.125%	07/15/23		1,000,000		977,800
Nationstar Mortgage / Capital Corp.(a)	9.125%	07/15/26		4,311,000		3,901,455
Nationstar Mortgage / Capital Corp.(a)(b)	6.000%	01/15/27		5,600,000		4,760,000
						86,416,183

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 88.0% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Health Care - 3.4%
Baxter International, Inc.(a)(b)	3.950%	04/01/30	$	1,000,000	$	1,081,285
CVS Health Corp.(b)	4.250%	04/01/50		2,500,000		2,599,075
HCA, Inc.	3.700%	09/01/30		800,000		726,305
Humana, Inc.(b)	4.875%	04/01/30		2,000,000		2,151,244
Mylan NV	5.250%	06/15/46		5,162,000		4,931,578
Stanford Health Care	3.310%	08/15/30		500,000		529,633
Teva Pharmaceuticals Finance Netherlands III BV(b)	3.150%	10/01/26		24,877,000		20,955,142
UnitedHealth Group, Inc.	5.250%	06/15/49		250,000		266,866
						33,241,128
Insurance - 1.9%
Aflac, Inc.	3.600%	04/01/30		500,000		506,154
AssuredPartners, Inc.(a)	7.000%	08/15/25		16,933,000		15,239,700
GTCR AP Finance, Inc.(a)(b)	8.000%	05/15/27		3,493,000		3,213,560
						18,959,414
Leisure - 7.9%
Carnival Corp.	3.950%	10/15/20		1,978,000		1,908,781
CCM Merger, Inc.(a)	6.000%	03/15/22		1,913,000		1,568,660
Golden Nugget, Inc.(a)	6.750%	10/15/24		16,394,000		10,326,417
Host Hotels & Resorts, Inc.	3.375%	12/15/29		4,618,000		3,894,228
Live Nation Entertainment, Inc.(a)	4.875%	11/01/24		962,000		875,766
Live Nation Entertainment, Inc.(a)	5.625%	03/15/26		8,025,000		7,142,250
Marriott International, Inc.	3.125%	06/15/26		2,022,000		1,856,884
Marriott International, Inc., Series X	4.000%	04/15/28		3,332,000		3,083,048
Royal Caribbean Cruises Ltd.	5.250%	11/15/22		2,170,000		1,572,629
Speedway Motorsports, LLC(a)	4.875%	11/01/27		13,768,000		12,391,200
Station Casinos LLC(a)(b)	5.000%	10/01/25		6,386,000		5,318,325
Station Casinos LLC(a)(b)	4.500%	02/15/28		19,456,000		15,759,360
Viking Cruises Ltd.(a)	6.250%	05/15/25		9,399,000		6,015,360
Viking Cruises Ltd.(a)(b)	5.875%	09/15/27		8,110,000		4,745,242
VOC Escrow Ltd.(a)	5.000%	02/15/28		2,085,000		1,524,448
						77,982,598

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 88.0% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Media - 7.6%
Cimpress NV(a)	7.000%	06/15/26	$	46,279,000	$	40,725,520
Netflix, Inc.	5.875%	11/15/28		5,205,000		5,569,350
Netflix, Inc.(a)	4.875%	06/15/30		900,000		913,635
Omnicom Group, Inc.	4.200%	06/01/30		3,600,000		3,712,282
Twitter, Inc.(a)(b)	3.875%	12/15/27		24,293,000		23,366,829
						74,287,616
Real Estate - 4.3%
Alexandria Real Estate Equities, Inc.	4.900%	12/15/30		500,000		543,188
Forestar Group, Inc.(a)	8.000%	04/15/24		13,121,000		13,252,210
Forestar Group, Inc.(a)	5.000%	03/01/28		14,150,000		11,749,736
iStar, Inc.	4.250%	08/01/25		12,032,000		9,895,117
RHP Hotel Properties LP	5.000%	04/15/23		4,474,000		3,489,720
Ryman Hospitality Properties, Inc.(a)(b)	4.750%	10/15/27		5,025,000		3,768,750
						42,698,721
Retail - 10.7%
AutoZone, Inc.	4.000%	04/15/30		4,700,000		4,796,617
DriveTime Automotive Group(a)	8.000%	06/01/21		22,894,000		20,261,190
GrubHub Holdings, Inc.(a)	5.500%	07/01/27		25,582,000		22,640,069
Liberty Interactive LLC	8.500%	07/15/29		13,092,000		9,753,540
Liberty Interactive LLC	8.250%	02/01/30		12,753,000		9,382,382
McDonalds Corp., Series MTN	4.200%	04/01/50		3,000,000		3,323,788
Nathan's Famous, Inc.(a)	6.625%	11/01/25		23,794,000		22,128,419
O'Reilly Automotive, Inc.	4.200%	04/01/30		2,100,000		2,174,776
QVC, Inc.	4.750%	02/15/27		1,157,000		1,024,194
QVC, Inc.	5.450%	08/15/34		2,389,000		1,750,773
TJX Cos., Inc.	3.875%	04/15/30		3,000,000		3,097,280
TJX Cos., Inc.	4.500%	04/15/50		4,150,000		4,433,280
						104,766,308
Services - 5.1%
Ashtead Capital, Inc.(a)	4.000%	05/01/28		1,226,000		1,056,812
IAA Spinco, Inc.(a)	5.500%	06/15/27		8,416,000		8,142,480
KAR Auction Services, Inc.(a)	5.125%	06/01/25		12,738,000		12,164,790
Korn Ferry International(a)(b)	4.625%	12/15/27		22,729,000		19,745,819
Mobile Mini, Inc.	5.875%	07/01/24		8,710,000		8,339,825
Stericycle, Inc.(a)	5.375%	07/15/24		200,000		198,000
						49,647,726

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 88.0% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Technology & Electronics - 1.3%
Ebay, Inc.	4.000%	07/15/42	$	500,000	$	469,637
Juniper Networks, Inc.(b)	5.950%	03/15/41		3,308,000		3,216,905
NVIDIA Corp.	2.850%	04/01/30		500,000		519,670
NVIDIA Corp.	3.500%	04/01/40		2,500,000		2,659,591
NVIDIA Corp.	3.500%	04/01/50		1,000,000		1,091,724
Oracle Corp.	3.600%	04/01/40		1,000,000		995,456
Oracle Corp.	3.600%	04/01/50		2,550,000		2,539,720
Oracle Corp.	3.850%	04/01/60		1,000,000		1,006,066
						12,498,769
Telecommunications - 3.5%
Cogent Communications, Inc.(a)	5.625%	04/15/21		26,205,000		25,811,925
Crown Castle International Corp.	5.200%	02/15/49		2,000,000		2,256,126
Frontier Communications Corp.(a)	8.000%	04/01/27		4,763,000		4,697,652
US Cellular Corp.	6.700%	12/15/33		1,250,000		1,212,725
						33,978,428
Transportation - 0.3%
American Airlines Group(a)(b)	5.000%	06/01/22		1,000,000		805,000
United Airlines Pass-Through Trust, Series 2013-1	5.375%	02/15/23		209,282		202,470
United Continental Holdings, Inc.(b)	4.250%	10/01/22		1,800,000		1,642,140
						2,649,610
Utilities - 0.1%
Berkshire Hathaway Electronic Services(a)	4.050%	04/15/25		1,000,000		1,078,551
Oklahoma Gas and Electric Co.	3.500%	04/01/30		500,000		501,086
						1,579,637
Total Corporate Bonds					$	862,462,068

Registered Investment Companies - 17.0%	Shares		Fair Value
Diamond Hill Short Duration Total Return Fund, Class Y(c)		4,254,362		39,437,936
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(d)		74,741,030		74,741,030

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Registered Investment Companies - 17.0% (Continued)	Shares		Fair Value
State Street Navigator Securities Lending Portfolio I, 0.90%(d)(e)		52,281,505	$	52,281,505
Total Registered Investment Companies			$	166,460,471
Total Investment Securities - 105.1% (Cost $1,156,694,507)			$	1,030,249,627
Liabilities in Excess of Other Assets - (5.1)%				(50,348,792	)
Net Assets - 100.0%			$	979,900,835

(a)	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 March 31, 2020 was $462,868,488, representing 47.2% of net assets.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $52,898,401.
(c)	Affiliated Fund.
(d)	The rate shown is the 7-day effective yield as of March 31, 2020.
(e)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $52,281,505. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $983,035.
(f)	Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of March 31, 2020 was $39,246,049, representing 4.0% of net assets.
*	Non- income producing security. Restricted securities not registered under the securities act of 1933 and valued at fair value by the Valuation & Liquidity Committee based on procedures approved by the Board of Trustees are as follows:

	Acquisition Date	Current Cost		Fair Value		Value as a % of Net Assets
Alesco Preferred Funding Ltd., Class PNNE	March-05	$	336,608	$	148,781		0.02	%
Alesco Preferred Funding Ltd. VI, Class PNN	December-04	$	621,631	$	288,248		0.03	%
Fort Sheridan ABS CDO Ltd., Series 05-1A, Class PPN2	March-05	$	518,907	$	345,633		0.04	%
Taberna Preferred Funding Ltd., Class PPN2	March-05	$	1,051,273	$	544,426		0.05	%
		$	2,528,419	$	1,327,088		0.14	%

A/S -	Aktieselskab
BV -	Besloten Vennootschap
NV -	Naamloze Vennootschap
plc -	Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill High Yield Fund

Schedule of Investments

March 31, 2020 (Unaudited)

Corporate Bonds - 89.2%	Coupon	Maturity	Shares / Par Value		Fair Value
Automotive - 5.1%
Delphi Jersey Holdings plc(a)	5.000%	10/01/25	$	750,000	$	598,125
Fiat Chrysler Automobiles NV(b)	5.250%	04/15/23		1,770,000		1,680,898
Ford Motor Credit Co. LLC	4.271%	01/09/27		2,530,000		2,156,825
General Motors Co., Inc.	5.150%	04/01/38		400,000		289,533
General Motors Co., Inc.	6.250%	10/02/43		1,975,000		1,568,447
Lear Corp.	5.250%	05/15/49		2,350,000		2,042,007
TESLA, Inc.(a)(b)	5.300%	08/15/25		2,000,000		1,875,000
						10,210,835
Banking - 1.6%
Popular, Inc.	6.125%	09/14/23		3,600,000		3,330,000
Basic Industry - 5.0%
Ashland Global Holdings, Inc.(b)	6.875%	05/15/43		2,150,000		2,171,500
Century Communities, Inc.	6.750%	06/01/27		1,875,000		1,517,569
GCP Applied Technologies, Inc.(a)	5.500%	04/15/26		675,000		627,750
Mueller Industries, Inc.(b)	6.000%	03/01/27		2,875,000		2,594,688
Summit Materials LLC	6.125%	07/15/23		1,975,000		1,955,250
Summit Materials LLC(a)	6.500%	03/15/27		291,000		274,995
Zekelman Industries, Inc.(a)	9.875%	06/15/23		1,000,000		970,000
						10,111,752
Capital Goods - 3.4%
Boeing Co. (The)(b)	1.650%	10/30/28		520,000		508,400
Boeing Co. (The)	3.750%	02/01/50		1,500,000		1,369,988
Hillenbrand, Inc.	4.500%	09/15/26		300,000		305,729
Huntington Ingalls Industries, Inc.(a)	4.200%	05/01/30		1,000,000		1,035,326
SPX Flow, Inc.(a)	5.625%	08/15/24		100,000		97,000
TransDigm, Inc.	6.500%	07/15/24		1,485,000		1,413,943
Welbilt, Inc.	9.500%	02/15/24		2,600,000		2,210,000
						6,940,386

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 89.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer Goods - 8.3%
Bacardi Ltd.(a)	5.150%	05/15/38	$	250,000	$	261,362
BAT Capital Corp.	4.390%	08/15/37		300,000		277,956
BAT Capital Corp.	4.540%	08/15/47		1,900,000		1,733,886
Bunge Ltd. Finance Corp.	3.750%	09/25/27		1,430,000		1,306,394
Estee Lauder Cosmetics, Inc.	3.700%	08/15/42		950,000		892,814
Hasbro, Inc.	3.900%	11/19/29		350,000		315,235
Hasbro, Inc.	6.350%	03/15/40		4,300,000		4,104,742
Hasbro, Inc.	5.100%	05/15/44		1,200,000		1,001,218
Pilgrim's Pride Corp.(a)	5.750%	03/15/25		2,350,000		2,361,750
Sysco Corp.	2.400%	02/15/30		1,300,000		1,068,005
Sysco Corp.	5.950%	04/01/30		400,000		421,195
Sysco Corp.	3.300%	02/15/50		2,200,000		1,595,393
Sysco Corp.	6.600%	04/01/50		1,260,000		1,369,118
						16,709,068
Energy - 10.2%
Apergy Corp.	6.375%	05/01/26		3,205,000		2,467,850
Centennial Resource Production LLC(a)	5.375%	01/15/26		170,000		40,800
Cimarex Energy Co.	3.900%	05/15/27		1,200,000		870,175
Concho Resources, Inc.	3.750%	10/01/27		1,100,000		933,721
Diamondback Energy, Inc.	2.875%	12/01/24		1,000,000		698,608
Diamondback Energy, Inc.	5.375%	05/31/25		275,000		202,791
Diamondback Energy, Inc.	3.250%	12/01/26		550,000		388,145
Energen Corp.	7.125%	02/15/28		4,375,000		4,892,004
Enterprise Products Operating, LLC	5.100%	02/15/45		350,000		350,103
Enterprise Products Operating, LLC	3.950%	01/31/60		500,000		420,783
Floatel International Ltd.(e)	9.000%	04/11/24		600,000		90,000
Floatel International Ltd.(e)	12.750%	04/11/24		600,000		6,000
Magnolia Oil & Gas Corp.(a)(e)	6.000%	08/01/26		4,205,000		2,523,000
Welltec A/S(a)	9.500%	12/01/22		4,550,000		4,277,000
WPX Energy, Inc.	6.000%	01/15/22		220,000		176,000
WPX Energy, Inc.	5.250%	09/15/24		1,475,000		899,750
WPX Energy, Inc.	5.750%	06/01/26		600,000		342,000
WPX Energy, Inc.	5.250%	10/15/27		1,775,000		976,250
						20,554,980

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 89.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Financial Services - 7.7%
Alliance Data Systems Corp.(a)	4.750%	12/15/24	$	5,000,000	$	3,800,000
Credit Acceptance Corp.(a)	5.125%	12/31/24		900,000		819,000
Credit Acceptance Corp.	6.625%	03/15/26		780,000		737,100
FirstCash, Inc.(a)	5.375%	06/01/24		2,150,000		2,058,625
FS KKR Capital Corp.	4.125%	02/01/25		2,625,000		2,134,984
FS KKR Capital Corp. II(a)	4.250%	02/14/25		1,575,000		1,276,611
Nationstar Mortgage / Capital Corp.(a)	8.125%	07/15/23		416,000		406,765
Nationstar Mortgage / Capital Corp. (a)	9.125%	07/15/26		2,400,000		2,172,000
Nationstar Mortgage / Capital Corp.(a)	6.000%	01/15/27		2,575,000		2,188,750
						15,593,835
Health Care - 5.5%
Baxter International, Inc.(a)	3.950%	04/01/30		1,000,000		1,081,285
CVS Health Corp.(a)	4.125%	04/01/40		250,000		251,316
CVS Health Corp.	4.250%	04/01/50		500,000		519,815
HCA, Inc.	3.700%	09/01/30		1,200,000		1,089,458
Humana, Inc.	4.875%	04/01/30		1,000,000		1,075,622
Molina Healthcare, Inc.(a)(b)	4.875%	06/15/25		541,000		527,475
Mylan NV	5.250%	06/15/46		790,000		754,736
Perrigo Finance plc	4.900%	12/15/44		500,000		564,133
Teva Pharmaceuticals Finance Netherlands III BV	3.150%	10/01/26		5,650,000		4,759,278
UnitedHealth Group, Inc.	5.250%	06/15/49		350,000		373,613
						10,996,731
Insurance - 1.8%
AssuredPartners, Inc.(a)	7.000%	08/15/25		3,375,000		3,037,500
GTCR AP Finance, Inc.(a)	8.000%	05/15/27		550,000		506,000
						3,543,500

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 89.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Leisure - 9.9%
Carnival Corp.	3.950%	10/15/20	$	900,000	$	868,505
CCM Merger, Inc.(a)	6.000%	03/15/22		375,000		307,500
Golden Nugget, Inc.(a)	6.750%	10/15/24		3,400,000		2,141,626
Host Hotels & Resorts, Inc.	4.750%	03/01/23		679,000		637,079
Host Hotels & Resorts, Inc.	3.375%	12/15/29		3,300,000		2,782,796
Live Nation Entertainment, Inc.(a)	4.875%	11/01/24		425,000		386,903
Live Nation Entertainment, Inc.(a)	5.625%	03/15/26		1,975,000		1,757,750
Marriott International, Inc.	3.125%	06/15/26		1,020,000		936,707
Marriott International, Inc.	4.000%	04/15/28		1,700,000		1,572,984
Royal Caribbean Cruises Ltd.	5.250%	11/15/22		800,000		579,771
Speedway Motorsports, LLC(a)	4.875%	11/01/27		1,950,000		1,755,000
Station Casinos LLC(a)	5.000%	10/01/25		425,000		353,944
Station Casinos LLC(a)	4.500%	02/15/28		3,659,000		2,963,790
Viking Cruises Ltd.(a)	6.250%	05/15/25		2,175,000		1,392,000
Viking Cruises Ltd.(a)	5.875%	09/15/27		1,875,000		1,097,081
VOC Escrow Ltd.(a)	5.000%	02/15/28		505,000		369,231
						19,902,667
Media - 6.1%
Cimpress NV(a)	7.000%	06/15/26		8,285,000		7,290,800
Netflix, Inc.	5.875%	11/15/28		1,800,000		1,926,000
Netflix, Inc.(a)	4.875%	06/15/30		300,000		304,545
Omnicom Group, Inc.	4.200%	06/01/30		900,000		928,070
Twitter, Inc.(a)	3.875%	12/15/27		2,000,000		1,923,750
						12,373,165
Real Estate - 3.8%
Alexandria Real Estate, Inc.	3.800%	04/15/26		100,000		100,336
Forestar Group, Inc.(a)	8.000%	04/15/24		1,750,000		1,767,500
Forestar Group, Inc.(a)	5.000%	03/01/28		3,100,000		2,574,147
iStar, Inc.	4.250%	08/01/25		1,550,000		1,274,720
RHP Hotel Properties LP	5.000%	04/15/23		1,175,000		916,500
Ryman Hospitality Properties, Inc.(a)	4.750%	10/15/27		1,275,000		956,250
						7,589,453

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 89.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Retail - 9.1%
AutoZone, Inc.	4.000%	04/15/30	$	600,000	$	612,334
DriveTime Automotive Group(a)	8.000%	06/01/21		3,750,000		3,318,750
GrubHub Holdings, Inc.(a)	5.500%	07/01/27		5,225,000		4,624,125
Liberty Interactive LLC	8.500%	07/15/29		3,840,000		2,860,800
Liberty Interactive LLC	8.250%	02/01/30		300,000		220,710
Nathan's Famous, Inc.(a)	6.625%	11/01/25		2,850,000		2,650,500
O'Reilly Automotive, Inc.	4.200%	04/01/30		900,000		932,047
QVC, Inc.	5.125%	07/02/22		755,000		633,476
QVC, Inc.	4.750%	02/15/27		850,000		752,433
QVC, Inc.	5.450%	08/15/34		1,100,000		806,132
TJX Cos., Inc.	4.500%	04/15/50		850,000		908,021
						18,319,328
Services - 5.4%
Ashtead Capital, Inc.(a)	4.000%	05/01/28		1,250,000		1,077,500
IAA Spinco, Inc.(a)	5.500%	06/15/27		1,500,000		1,451,250
KAR Auction Services, Inc.(a)	5.125%	06/01/25		2,375,000		2,268,125
Korn Ferry International(a)	4.625%	12/15/27		5,150,000		4,474,063
Mobile Mini, Inc.	5.875%	07/01/24		1,275,000		1,220,813
Stericycle, Inc.(a)	5.375%	07/15/24		300,000		297,000
						10,788,751
Technology & Electronics - 3.0%
Ebay, Inc.	4.000%	07/15/42		1,465,000		1,376,036
Juniper Networks, Inc.(b)	5.950%	03/15/41		500,000		486,231
Micron Technology, Inc.	4.185%	02/15/27		500,000		506,008
NVIDIA Corp.	3.500%	04/01/50		1,500,000		1,637,587
NVIDIA Corp.	3.700%	04/01/60		500,000		541,612
Oracle Corp.	3.600%	04/01/50		1,450,000		1,444,154
						5,991,628
Telecommunications - 2.8%
Cogent Communications, Inc.(a)	5.625%	04/15/21		1,675,000		1,649,875
Crown Castle International Corp.	5.200%	02/15/49		2,000,000		2,256,126
Frontier Communications Corp.(a)	8.000%	04/01/27		1,375,000		1,356,135
US Cellular Corp.	6.700%	12/15/33		305,000		295,905
						5,558,041

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 89.2% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Transportation - 0.2%
Continental Airlines Pass-Through Trust, Series 2012-1	6.250%	10/11/21	$	200,971	$	200,841
Continental Airlines Pass-Through Trust, Series 2012-2	5.500%	04/29/22		95,556		94,099
U.S. Airways Pass-Through Trust, Series 2012-2	6.750%	12/03/22		202,930		196,479
						491,419
Utilities - 0.3%
Berkshire Hathaway Energy(a)	4.250%	10/15/50		500,000		571,379
Total Corporate Bonds					$	179,576,918

Securitized - 2.6%	Coupon	Maturity	Shares / Par Value		Fair Value
ABS-Other - 0.5%
Access Point Financial, Inc., Series 2017-A, Class C(a)	5.820%	04/15/29		250,000		251,531
Kabbage Funding LLC, Series 2019-1, Class D(a)(e)	5.688%	03/15/24		250,000		242,084
Small Business Lending Trust, Series 2020-A, Class C(a)(e)	5.010%	12/15/26		550,000		506,865
						1,000,480
Auto Loan - 0.3%
CIG Auto Receivables Trust, Series 2017-1A, Class C(a)	5.330%	12/16/24		400,000		399,324
Skopos Auto Receivables Trust, Series 2019-1A, Class D(a)	5.240%	04/15/25		320,000		239,561
						638,885

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Securitized - 2.6% (Continued)	Coupon	Maturity	Shares / Par Value		Fair Value
Consumer - 1.6%
Freedom Financial, Series 2019-2, Class C(a)(e)	4.860%	11/18/26	$	1,000,000	$	672,170
Freedom Financial, Series 2020-FP1, Class C(a)(e)	4.370%	03/18/27		1,000,000		787,206
LendingPoint Asset Securitization Trust, Series 2019-2, Class C(a)(e)	4.660%	11/10/25		441,000		384,078
Mariner Finance Issuance Trust, Series 2018-AA, Class D(a)(e)	6.570%	11/20/30		275,000		231,928
Oportun Funding LLC, Series 2018-C, Class D(a)(e)	6.790%	10/08/24		500,000		463,068
Prosper Marketplace Issuance Trust, Series 2019-4A, Class C(a)(e)	4.950%	02/17/26		1,000,000		690,859
						3,229,309
Credit Cards - 0.1%
Fortiva Retail Credit Master Note, Series 2018-1, Class C(a)(e)	7.730%	11/15/23		250,000		254,478
Non Agency MBS CMO - 0.1%
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A2(a)	5.875%	06/25/48		200,000		144,264
Total Securitized					$	5,267,416

Registered Investment Companies - 9.8%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.33%(c)		17,545,985		17,545,985
State Street Navigator Securities Lending Portfolio I, 0.90%(c)(d)		2,218,508		2,218,508
Total Registered Investment Companies			$	19,764,493
Total Investment Securities - 101.6% (Cost $220,355,949)			$	204,608,827
Liabilities in Excess of Other Assets - (1.6)%				(3,165,227	)
Net Assets - 100.0%			$	201,443,600

(a)	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 March 31, 2020 was $89,415,370, representing 44.4% of net assets.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2020 was $2,218,508.
(c)	The rate shown is the 7-day effective yield as of March 31, 2020.
(d)	This security was purchased with cash collateral held from securities on loan. The total value of such securities as of March 31, 2020 was $2,218,508.
(e)	Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of March 31, 2020 was $6,851,736, representing 3.4% of net assets.

A/S -	Aktieselskab
BV -	Besloten Vennootschap
NV -	Naamloze Vennootschap
plc -	Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill Funds
Notes to Schedules of Investments and Investments Sold Short

March 31, 2020 (Unaudited)

1. Organization

The Diamond Hill Small Cap Fund (“Small Cap Fund”), Diamond Hill Small-Mid Cap Fund (“Small-Mid Cap Fund”), Diamond Hill Mid Cap Fund (“Mid Cap Fund”), Diamond Hill Large Cap Fund (“Large Cap Fund”), Diamond Hill All Cap Select Fund (“All Cap Select Fund”), Diamond Hill Long-Short Fund (“Long-Short Fund”), Diamond Hill Research Opportunities Fund (“Research Opportunities Fund”), Diamond Hill Global Fund (“Global Fund”), Diamond Hill International Fund (“International Fund”), Diamond Hill Short Duration Total Return Fund (“Short Duration Fund”), Diamond Hill Core Bond Fund (“Core Bond Fund”), Diamond Hill Corporate Credit Fund (“Corporate Credit Fund”) and Diamond Hill High Yield Fund (“High Yield Fund”) are each a diversified series, except for the All Cap Select Fund which is non-diversified, of the Diamond Hill Funds (the “Trust”) (each a “Fund” and collectively the “Funds”). The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management company. Each Fund follows accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, “Financial Services – Investment Companies.”

With the exception of the Mid Cap Fund, Global Fund, International Fund, Short Duration Fund, Core Bond Fund and High Yield Fund, the Funds offer four classes of shares: Class A, Class C, Class I and Class Y. The Mid Cap Fund, Global Fund, International Fund, Short Duration Fund, Core Bond Fund and High Yield Fund offer three classes of shares: Class A, Class I and Class Y. Each class of shares for each Fund has identical rights and privileges except with respect to distribution (12b-1) and service fees, voting rights on matters affecting a single class of shares, exchange privileges of each class of shares and sales charges. With the exception of the Short Duration Fund, Core Bond Fund, Corporate Credit Fund and High Yield Fund, Class A has a maximum sales charge on purchases of 5.00% as a percentage of the original purchase price. The Short Duration Fund has a maximum sales charge on purchases of 2.25% and the Core Bond Fund, Corporate Credit Fund and High Yield Fund have a maximum sales charge on purchases of 3.50% as a percentage of the original purchase price. Class C has a contingent deferred sales charge of 1.00% for shares redeemed within one year of the purchase date.

2. Significant Accounting Policies

The following is a summary of the Funds’ significant accounting policies:

Estimates — The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

Security valuation — The Funds record their investments at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The valuation techniques used by the Funds maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical securities

• Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

Listed securities for which market quotations are readily available are valued at the closing prices as determined by the primary exchange where the securities are traded. Unlisted securities or listed securities for which the latest sales prices are not readily available are valued at the closing bid (long positions) or ask (short positions) price in the principal market where such securities are normally traded. Investments in other open-end investment companies are valued at their reported net asset value (“NAV”) per share. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy.

Debt securities are valued on the basis of valuations provided by dealers or by an independent pricing service which take into account appropriate factors such as trading activity (i.e., market transactions for normal, institutional-size trading units of similar securities), readily available market quotations (including broker quotes), yield, quality, coupon rate, maturity, type of issue, trading characteristic, call features, credit ratings and other data. Short-term debt investments of sufficient credit quality maturing in less than 61 days may be valued at amortized cost, if amortized cost is determined to approximate fair value. In each of these situations, valuations are typically categorized as Level 2 in the fair value hierarchy.

Securities for which market quotations are not readily available (e.g., an approved pricing service does not provide a price, a price becomes stale, or an event occurs that materially affects the furnished price) are valued by the Valuation & Liquidity Committee. In these cases, the Valuation & Liquidity Committee, established and appointed by the Board of Trustees, determines in good faith, subject to Trust procedures, the fair value of portfolio securities held by a Fund (“good faith fair valuation”). When a good faith fair valuation of a security is required, consideration is generally given to a number of factors, including, but not limited to the following: dealer quotes, published analyses by dealers or analysts of the situation at issue, transactions implicitly valuing the security (such as a merger, tender offer, etc.), the value of other securities or contracts which derive their value from the security at issue, and the implications (whether negative or positive) of the circumstances which have caused trading in the security to halt. Depending on the source and relative significance of the valuation inputs in these instances, the valuations for these securities may be classified as Level 2 or Level 3 in the fair value hierarchy.

In accordance with procedures adopted by the Trust’s Board of Trustees, fair value pricing may be used if events materially affecting the value of foreign equity securities occur between the time the exchange on which they are traded closes and the time the Funds’ NAVs are calculated. The Funds use a systematic valuation model, provided daily by an independent third party, to fair value their international equity securities. These valuations are considered as Level 2 in the fair value hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. For example, short-term debt securities of sufficient credit quality maturing in less than 61 days may be valued using amortized cost in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2. The following is a summary of the inputs used to value the Funds’ investments as of March 31, 2020:

Investments in Securities (Assets)	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Small Cap Fund
Common Stocks*	$	411,537,638	$	-	$	-	$	411,537,638
Registered Investment Companies		22,402,226		-		-		22,402,226
Total	$	433,939,864	$	-	$	-	$	433,939,864
Small-Mid Cap Fund
Common Stocks*	$	1,478,158,786	$	-	$	-	$	1,478,158,786
Registered Investment Companies		77,286,143		-		-		77,286,143
Total	$	1,555,444,929	$	-	$	-	$	1,555,444,929

* See Schedule of Investments and Schedule of Investments Sold Short for industry classification.

Investments in Securities (Assets)	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Mid Cap Fund
Common Stocks*	$	159,838,311	$	-	$	-	$	159,838,311
Registered Investment Companies		7,648,578		-		-		7,648,578
Total	$	167,486,889	$	-	$	-	$	167,486,889
Large Cap Fund
Common Stocks*	$	4,996,226,230	$	-	$	-	$	4,996,226,230
Registered Investment Companies		116,177,651		-		-		116,177,651
Total	$	5,112,403,881	$	-	$	-	$	5,112,403,881
All Cap Select Fund
Common Stocks*	$	192,889,990	$	-	$	-	$	192,889,990
Registered Investment Companies		15,695,631		-		-		15,695,631
Total	$	208,585,621	$	-	$	-	$	208,585,621
Long-Short Fund
Common Stocks*	$	2,152,685,341	$	-	$	-	$	2,152,685,341
Registered Investment Companies		772,917,529		-		-		772,917,529
Total	$	2,925,602,870	$	-	$	-	$	2,925,602,870
Research Opportunities Fund
Common Stocks*	$	41,681,453	$	1,849,858	$	-	$	43,531,311
Corporate Bonds*		-		108,660		-		108,660
Registered Investment Companies		13,808,697		-		-		13,808,697
Total	$	55,490,150	$	1,958,518	$	-	$	57,448,668
Global Fund
Common Stocks*	$	8,952,297	$	5,463,493	$	-	$	14,415,790
Registered Investment Companies		458,985		-		-		458,985
Total	$	9,411,282	$	5,463,493	$	-	$	14,874,775
International Fund
Common Stocks*	$	3,588,912	$	7,476,389	$	-	$	11,065,301
Registered Investment Companies		93,165		-		-		93,165
Total	$	3,682,077	$	7,476,389	$	-	$	11,158,466
Short Duration Fund
Corporate Credit*	$	-	$	20,556,298	$	-	$	20,556,298
Securitized*		-		654,939,499		-		654,939,499
Registered Investment Companies		75,694,565		-		-		75,694,565
Total	$	75,694,565	$	675,495,797	$	-	$	751,190,362

Investments in Securities (Assets)	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Core Bond Fund
Corporate Credit*	$	-	$	25,392,092	$	-	$	25,392,092
Government Related		-		695,403		-		695,403
Securitized*		-		82,294,413		-		82,294,413
Treasury		-		31,018,993		-		31,018,993
Registered Investment Companies		10,692,213		-		-		10,692,213
Total	$	10,692,213	$	139,400,901	$	-	$	150,093,114
Corporate Credit Fund
Collateralized Debt Obligations	$	-	$	1,327,088	$	-	$	1,327,088
Corporate Bonds*		-		862,462,068		-		862,462,068
Registered Investment Companies		166,460,471		-		-		166,460,471
Total	$	166,460,471	$	863,789,156	$	-	$	1,030,249,627
High Yield Fund
Corporate Bonds*	$	-	$	179,576,918	$	-	$	179,576,918
Securitized*		-		5,267,416		-		5,267,416
Registered Investment Companies		19,764,493		-		-		19,764,493
Total	$	19,764,493	$	184,844,334	$	-	$	204,608,827

Investments in Securities Sold Short (Liabilities)	Level 1 - Quoted Prices			Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Long-Short Fund
Common Stocks*	$	(603,061,602	)	$	-	$	-	$	(603,061,602	)
Total	$	(603,061,602	)	$	-	$	-	$	(603,061,602	)
Research Opportunities Fund
Common Stocks*	$	(6,628,507	)	$	-	$	-	$	(6,628,507	)
Total	$	(6,628,507	)	$	-	$	-	$	(6,628,507	)

There were no transfers into or out of Level 3 for the three months ended March 31, 2020.

Short sales — The Long-Short Fund, Research Opportunities Fund, Global Fund, International Fund, Corporate Credit Fund and High Yield Fund are permitted to make short sales of securities. Short sales are effective when it is believed that the price of a particular security will decline, and involves the sale of a security that the Fund does not own in hope of purchasing the same security at a later date at a lower price. To make delivery to the buyer, a Fund must borrow the security, and the Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund. Cash received from short sales and other liquid securities are maintained by the custodian and are used as collateral. Cash collateral is shown as “Segregated Cash With Custodian” on the Schedules of Investments. Liquid securities pledged as collateral are noted on the Schedules of Investments.

A Fund will incur a loss as a result of a short sale if the price of the security increases between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. The use of short sales may cause a Fund to have higher expenses (specifically dividend expenses) than those of other equity mutual funds. Short sales are speculative transactions and involve special risks, including greater reliance on the ability of the Funds’ investment adviser, Diamond Hill Capital Management, Inc. (“DHCM”), to accurately anticipate the future value of a security.

Securities lending — Under the terms of the securities lending agreement with State Street Bank and Trust Company (“State Street”), State Street is authorized to loan securities on behalf of the Funds to approved borrowers. The contractual maturity of securities lending transactions is on an overnight and continuous basis. In exchange, the Funds receive cash and/or U.S. Treasury and government agency securities as collateral in the amount of at least 100% of the value of the securities loaned. Any collateral shortfalls due to changes in security market prices are adjusted the next business day. The cash collateral is invested in short-term instruments as noted in each Fund’s Schedule of Investments. Although risk is mitigated by the collateral, the Funds could experience a delay in recovering their securities and possible loss of income or value if the borrower fails to return them. The agreement indemnifies the Funds from losses incurred in the event of a borrower’s material default of the terms and conditions of the borrower agreement. The agreement provides that after predetermined rebates to borrowers, the Funds each retain a portion of their respective net securities lending income and pay State Street the remaining portion. The Funds manage credit exposure arising from these lending transactions by, in appropriate circumstances, entering into a master netting agreement and collateral agreement with State Street that provide the Funds, in the event of default (such as bankruptcy or borrower’s failure to pay or perform), the right to net rights and obligations under such agreements and liquidate and set off collateral against the net amount owed to the Funds.

As of March 31, 2020, the fair value of securities on loan and the collateral held were as follows:

			Fair Value of Collateral
	Fair Value of Securities Loaned		Cash		Non-Cash *		Total
Small Cap Fund	$	31,457,966	$	10,469,598	$	21,761,094	$	32,230,692
Small-Mid Cap Fund		115,807,953		27,657,816		91,224,096		118,881,912
Mid Cap Fund		2,873,113		249,110		2,710,083		2,959,193
Large Cap Fund		45,435,235		12,117,567		35,711,666		47,829,233
All Cap Select Fund		9,416,556		6,728,799		3,186,494		9,915,293
Long-Short Fund		481,517,922		499,880,194		-		499,880,194
Research Opportunities Fund		9,796,677		10,054,991		-		10,054,991
Global Fund		275,512		187,449		103,900		291,349
International Fund		153,660		27,225		119,840		147,065
Short Duration Fund		2,053,289		2,098,660		-		2,098,660
Core Bond Fund		6,919,925		4,701,720		2,367,250		7,068,970
Corporate Credit Fund		52,898,401		52,281,505		983,035		53,264,540
High Yield Fund		2,218,508		2,218,508		-		2,218,508

* These securities are held for the benefit of the Funds at the Funds' custodian. The Funds cannot repledge or resell this collateral. As such, collateral is excluded from the Schedules of Investments.

Security transactions — Throughout the reporting period, investment transactions are generally recorded on trade date but no later than the first business day following trade date. For financial reporting purposes, investments are recorded on trade date. The specific identification method is used for determining realized gains or losses for financial statements and income tax purposes. Dividend income and expense are recognized on the ex-dividend date and interest income is recognized on an accrual basis. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Taxes on foreign dividends and/or capital gains have been recorded for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. Discounts and premiums on securities purchased are amortized using the daily effective yield method and included in interest income. The Funds record distributions received from investments in real estate investment trusts (also known as “REITs”) and partnerships in excess of income from underlying investments as a reduction of cost of investments and/or realized gain. Such amounts are based on estimates if actual amounts are not available, and actual amounts of income, realized gain and return of capital may differ from the estimated amounts. The Funds adjust the estimated amounts once the issuers provide information about the actual composition of the distributions. Interest only stripped mortgage-backed securities (“IO Strips”) are securities that receive only interest payments from a pool of mortgage loans. Little to no principal will be received by the Funds upon maturity of an IO Strip. Periodic adjustments are recorded to reduce the cost of the security until maturity, which are included in interest income.

3. Federal Tax Information

As of March 31, 2020, the Funds’ federal tax cost of portfolio investments and net unrealized appreciation (depreciation) on portfolio investments including short sales, where applicable, were as follows:

	Small Cap Fund			Small-Mid Cap Fund			Mid Cap Fund			Large Cap Fund
Tax cost of portfolio investments	$	468,940,159		$	1,990,173,858		$	239,350,689		$	4,839,022,142
Gross unrealized appreciation		83,245,768			147,184,933			5,703,798			982,735,227
Gross unrealized depreciation		(118,246,063	)		(581,913,862	)		(77,567,598	)		(709,353,488	)
Net unrealized appreciation (depreciation) on portfolio investments	$	(35,000,295	)	$	(434,728,929	)	$	(71,863,800	)	$	273,381,739

	All Cap Select Fund			Long-Short Fund			Research Opportunities Fund			Global Fund
Tax cost of portfolio investments	$	256,453,678		$	2,322,414,104		$	57,199,533		$	19,433,220
Gross unrealized appreciation		9,786,491			340,563,113			3,201,597			305,518
Gross unrealized depreciation		(57,654,548	)		(340,435,949	)		(9,580,969	)		(4,863,963	)
Net unrealized appreciation (depreciation) on portfolio investments	$	(47,868,057	)	$	127,164		$	(6,379,372	)	$	(4,558,445	)

	International Fund			Short Duration Fund			Core Bond Fund			Corporate Credit Fund
Tax cost of portfolio investments	$	13,625,748		$	816,951,275		$	146,744,755		$	1,161,028,473
Gross unrealized appreciation		348,621			5,701,969			7,370,221			5,116,945
Gross unrealized depreciation		(2,815,903	)		(71,462,882	)		(4,021,862	)		(135,895,791	)
Net unrealized appreciation (depreciation) on portfolio investments	$	(2,467,282	)	$	(65,760,913	)	$	3,348,359		$	(130,778,846	)

	High Yield Fund
Tax cost of portfolio investments	$	221,309,458
Gross unrealized appreciation		4,635,728
Gross unrealized depreciation		(21,336,359	)
Net unrealized depreciation on portfolio investments	$	(16,700,631	)

The difference between book basis and tax basis net unrealized appreciation (depreciation) is attributable primarily to the tax deferral of losses on wash sales.

4. Affiliated Investments

The Small-Mid Cap Fund, Mid Cap Fund, Long-Short Fund and Corporate Credit Fund each own Class Y shares of the Short Duration Fund, thereby making the Short Duration Fund an affiliated company as defined by the 1940 Act.

Information regarding the Funds’ holdings in the Short Duration Fund during the three months ended March 31, 2020 is as follows:

Affiliated Fund	Small-Mid Cap Fund			Mid Cap Fund			Long-Short Fund			Corporate Credit Fund
Diamond Hill Short Duration Total Return Fund
Value, December 31, 2019	$	40,751,490		$	2,345,400		$	68,433,025		$	51,021,763
Purchases		331,703			19,405			609,536			3,459,243
Sales		(15,000,000	)		(700,000	)		(10,000,000	)		(11,000,000	)
Realized Losses		(9,029	)		(75,396	)		(64,803	)		(492,155	)
Change in Unrealized Appreciation/Depreciation		(2,216,308	)		(132,797	)		(4,952,365	)		(3,550,915	)
Value, March 31, 2020	$	23,857,856		$	1,456,612		$	54,025,393		$	39,437,936
Income Distributions	$	331,703		$	19,405		$	609,536		$	1,820,369

Subsequent Events

The Funds evaluated events from March 31, 2020 through the date that these financial statements were issued. There were no subsequent events to report that would have a material impact on the Funds’ financial statements.