Diamond Hill Small Mid Cap Fund Class I (DHMIX) NPORT-P Diamond Hill Global Fund (Sep 2020 report)

Diamond Hill Small Cap Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 95.9%	Shares		Fair Value
Communication Services - 3.6%
Live Nation Entertainment, Inc. (a)		303,515	$	16,353,388
Consumer Discretionary - 17.0%
Aaron's, Inc.		147,020		8,328,683
Carter's, Inc.		60,349		5,225,016
Green Brick Partners, Inc. (a)		593,334		9,552,677
Hanesbrands, Inc.		668,137		10,523,158
Red Rock Resorts, Inc., Class A (b)		1,010,598		17,281,226
Vail Resorts, Inc.		108,786		23,276,940
Wolverine World Wide, Inc.		134,280		3,469,795
				77,657,495
Consumer Staples - 10.1%
Cal-Maine Foods, Inc. (a)		468,676		17,983,098
Flowers Foods, Inc.		259,159		6,305,338
Lancaster Colony Corp.		11,411		2,040,287
Post Holdings, Inc. (a)		147,282		12,666,252
Seaboard Corp.		2,597		7,366,884
				46,361,859
Energy - 1.1%
Bonanza Creek Energy, Inc. (a)		118,554		2,228,815
Cimarex Energy Co.		117,472		2,858,094
				5,086,909
Financials - 24.2%
Bank OZK		776,669		16,558,583
BankUnited, Inc.		90,000		1,971,900
BOK Financial Corp.		178,188		9,178,464
Brown & Brown, Inc.		119,141		5,393,513
Cadence BanCorp		450,000		3,865,500
Enstar Group Ltd. (a)		92,288		14,904,512
First of Long Island Corp. (The)		194,480		2,880,249
Live Oak Bancshares, Inc. (b)		190,158		4,816,702
Mr. Cooper Group, Inc. (a)		437,464		9,764,197
ProAssurance Corp.		683,551		10,690,738
Reinsurance Group of America, Inc.		58,223		5,542,247
RenaissanceRe Holdings Ltd.		37,707		6,400,386

Diamond Hill Small Cap Fund

Schedule of Investments (Continued)

Common Stocks - 95.9% (Continued)	Shares		Fair Value
Financials - 24.2% (Continued)
Sterling Bancorp	1,804,271	$	18,980,931
			110,947,922
Health Care - 3.1%
Integer Holdings Corp. (a)	31,924		1,883,835
LivaNova plc (a)	107,858		4,876,260
Natus Medical, Inc. (a)	424,428		7,270,452
			14,030,547
Industrials - 17.5%
Alaska Air Group, Inc.	133,157		4,877,541
Allegiant Travel Co.	84,059		10,070,268
Colfax Corp. (a)	406,206		12,738,620
Hub Group, Inc., Class A (a)	213,618		10,722,556
Hyster-Yale Materials Handling, Inc.	94,169		3,498,378
Kirby Corp. (a)	153,186		5,540,738
Sensata Technologies Holding plc (a)	59,399		2,562,473
SPX FLOW, Inc. (a)	194,571		8,331,530
Stericycle, Inc. (a)(b)	126,715		7,990,648
Toro Co. (The)	35,919		3,015,400
TriMas Corp. (a)	170,587		3,889,384
WESCO International, Inc. (a)	161,228		7,097,257
			80,334,793
Information Technology - 6.6%
Broadridge Financial Solutions, Inc.	74,563		9,842,316
Sanmina Corp. (a)	172,316		4,661,148
WNS Holdings Ltd. - ADR (a)	248,237		15,877,239
			30,380,703
Materials - 4.1%
Ashland Global Holdings, Inc.	143,189		10,154,964
W.R. Grace & Co.	213,611		8,606,387
			18,761,351
Real Estate - 5.5%
American Campus Communities, Inc. REIT	94,547		3,301,581
CubeSmart REIT	546,334		17,652,052
JBG SMITH Properties	73,192		1,957,154
Jones Lang LaSalle, Inc.	23,067		2,206,589
			25,117,376
Utilities - 3.1%
South Jersey Industries, Inc.	433,104		8,345,914
UGI Corp.	179,357		5,915,194
			14,261,108

Diamond Hill Small Cap Fund

Schedule of Investments (Continued)

Common Stocks - 95.9% (Continued)	Shares		Fair Value
Total Common Stocks (Cost $343,441,220)		$	439,293,451

Registered Investment Companies - 3.3%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class , 0.03% (c) (Cost $15,170,574)		15,170,574	$	15,170,574
Total Investment Securities - 99.2% (Cost $358,611,794)			$	454,464,025
Other Assets in Excess of Liabilities - 0.8%				3,824,470
Net Assets - 100.0%			$	458,288,495

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $2,011,726.
(c)	The rate shown is the 7-day effective yield as of September 30, 2020.

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

See accompanying notes to Schedules of Investments.

Diamond Hill Small-Mid Cap Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 92.7%	Shares		Fair Value
Communication Services - 1.3%
Liberty Media Corp. - Liberty Formula One - Series C (a)		563,457	$	20,436,585
Consumer Discretionary - 17.3%
Aaron's, Inc.		388,174		21,990,057
Advance Auto Parts, Inc.		116,974		17,955,509
BorgWarner, Inc.		1,221,750		47,330,595
Carter's, Inc. (b)		182,420		15,793,924
Hanesbrands, Inc.		2,283,108		35,958,951
NVR, Inc. (a)		11,797		48,168,567
Red Rock Resorts, Inc., Class A		2,342,555		40,057,690
Vail Resorts, Inc.		189,912		40,635,471
Wolverine World Wide, Inc.		638,874		16,508,504
				284,399,268
Consumer Staples - 8.9%
Cal-Maine Foods, Inc. (a)		1,001,382		38,423,027
Flowers Foods, Inc.		1,057,199		25,721,652
Molson Coors Beverage Co., Class B		342,151		11,482,588
Post Holdings, Inc. (a)		815,001		70,090,086
				145,717,353
Energy - 1.2%
Cimarex Energy Co.		838,689		20,405,303
Financials - 22.2%
Alleghany Corp.		16,513		8,594,191
Bank OZK		1,062,082		22,643,588
BankUnited, Inc.		1,238,699		27,139,895
BOK Financial Corp. (b)		543,899		28,016,237
Brighthouse Financial, Inc. (a)		562,264		15,130,524
Brown & Brown, Inc.		321,009		14,532,077
Cadence BanCorp		982,727		8,441,625
Enstar Group Ltd. (a)		95,352		15,399,348
First Republic Bank		312,376		34,067,727
Loews Corp.		622,927		21,646,713
Mr. Cooper Group, Inc. (a)		1,329,549		29,675,534
ProAssurance Corp.		1,211,456		18,947,172

Diamond Hill Small-Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 92.7% (Continued)	Shares		Fair Value
Financials - 22.2% (Continued)
Reinsurance Group of America, Inc.	287,226	$	27,341,043
RenaissanceRe Holdings Ltd.	156,282		26,527,307
Sterling Bancorp	3,575,683		37,616,185
SVB Financial Group (a)	120,997		29,114,298
			364,833,464
Health Care - 2.7%
Boston Scientific Corp. (a)	456,555		17,444,967
Integer Holdings Corp. (a)	83,286		4,914,707
LivaNova plc (a)	488,804		22,098,829
			44,458,503
Industrials - 18.9%
Alaska Air Group, Inc.	628,521		23,022,724
Allegiant Travel Co. (b)	238,147		28,530,011
Colfax Corp. (a)(b)	1,396,140		43,782,950
Hub Group, Inc., Class A (a)	633,217		31,784,327
Kirby Corp. (a)	984,566		35,611,752
Parker-Hannifin Corp.	66,783		13,512,872
Sensata Technologies Holding plc (a)	1,182,675		51,020,599
SPX FLOW, Inc. (a)	415,749		17,802,372
Stericycle, Inc. (a)(b)	447,161		28,197,973
WESCO International, Inc. (a)	855,962		37,679,447
			310,945,027
Information Technology - 5.0%
Avnet, Inc.	354,759		9,166,973
Broadridge Financial Solutions, Inc.	72,960		9,630,720
Juniper Networks, Inc.	621,681		13,366,142
Sanmina Corp. (a)	837,895		22,665,060
WNS Holdings Ltd. - ADR (a)	435,810		27,874,408
			82,703,303
Materials - 3.4%
Ashland Global Holdings, Inc.	508,290		36,047,927
W.R. Grace & Co.	491,239		19,792,019
			55,839,946
Real Estate - 7.9%
American Campus Communities, Inc. REIT	479,114		16,730,661
CubeSmart REIT	1,791,936		57,897,452
Douglas Emmett, Inc.	798,828		20,050,583
iStar, Inc. REIT (b)	703,428		8,307,485
Jones Lang LaSalle, Inc.	106,459		10,183,868
Mid-America Apartment Communities, Inc. REIT	142,563		16,530,180
			129,700,229

Diamond Hill Small-Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 92.7% (Continued)	Shares		Fair Value
Utilities - 3.9%
South Jersey Industries, Inc.	1,335,119	$	25,727,743
UGI Corp.	1,168,547		38,538,680
			64,266,423
Total Common Stocks (Cost $1,511,933,928)		$	1,523,705,404

Registered Investment Companies - 7.0%	Shares		Fair Value
Diamond Hill Short Duration Securitized Bond Fund, Class Y (c)		2,618,861		25,979,102
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (d)		82,158,113		82,158,113
State Street Navigator Securities Lending Portfolio I, 0.08% (d)(e)		7,266,209		7,266,209
Total Registered Investment Companies (Cost $115,746,602)			$	115,403,424
Total Investment Securities - 99.7% (Cost $1,627,680,530)			$	1,639,108,828
Other Assets in Excess of Liabilities - 0.3%				4,548,476
Net Assets - 100.0%			$	1,643,657,304

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $11,830,231.
(c)	Affiliated Fund.
(d)	The rate shown is the 7-day effective yield as of September 30, 2020.
(e)	This security was purchased with cash collateral held from securities on loan.

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
September 30, 2020 (Unaudited)
Common Stocks - 92.8%	Shares		Fair Value
Communication Services - 1.3%
Liberty Media Corp. - Liberty Formula One - Series C (a)		76,231	$	2,764,898
Consumer Discretionary - 16.9%
Aaron's, Inc.		43,111		2,442,238
Advance Auto Parts, Inc.		15,804		2,425,914
BorgWarner, Inc.		161,268		6,247,522
Carter's, Inc.		21,298		1,843,981
Hanesbrands, Inc.		240,980		3,795,435
NVR, Inc. (a)		1,585		6,471,745
Red Rock Resorts, Inc., Class A		324,176		5,543,410
Vail Resorts, Inc.		25,021		5,353,743
VF Corp.		42,010		2,951,203
				37,075,191
Consumer Staples - 8.7%
Archer-Daniels-Midland Co.		117,637		5,468,944
Flowers Foods, Inc.		91,687		2,230,745
Molson Coors Beverage Co., Class B		72,780		2,442,497
Post Holdings, Inc. (a)		104,182		8,959,652
				19,101,838
Energy - 0.9%
Cimarex Energy Co.		81,604		1,985,425
Financials - 24.5%
American International Group, Inc.		149,148		4,106,045
Bank OZK		136,692		2,914,273
BankUnited, Inc.		118,174		2,589,192
BOK Financial Corp.		47,626		2,453,215
Brighthouse Financial, Inc. (a)		73,661		1,982,218
Discover Financial Services		48,495		2,802,041
Enstar Group Ltd. (a)		9,764		1,576,886
First Republic Bank		53,083		5,789,232
Franklin Resources, Inc.		51,770		1,053,520
Hartford Financial Services Group, Inc. (The)		82,862		3,054,293
Loews Corp.		241,664		8,397,824
Mr. Cooper Group, Inc. (a)		125,888		2,809,820

Diamond Hill Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 92.8% (Continued)	Shares		Fair Value
Financials - 24.5% (Continued)
Reinsurance Group of America, Inc.	17,400	$	1,656,306
RenaissanceRe Holdings Ltd.	18,431		3,128,478
Sterling Bancorp	346,772		3,648,042
SVB Financial Group (a)	16,989		4,087,893
Willis Towers Watson plc	7,761		1,620,652
			53,669,930
Health Care - 2.2%
Boston Scientific Corp. (a)	125,353		4,789,738
Industrials - 15.7%
Alaska Air Group, Inc.	107,422		3,934,868
Colfax Corp. (a)	185,147		5,806,210
Hub Group, Inc., Class A (a)	41,959		2,106,132
Kirby Corp. (a)	111,851		4,045,651
Parker-Hannifin Corp.	28,112		5,688,182
Sensata Technologies Holding plc (a)	131,649		5,679,338
Stericycle, Inc. (a)	62,556		3,944,781
WESCO International, Inc. (a)	70,270		3,093,285
			34,298,447
Information Technology - 7.4%
Avnet, Inc.	47,750		1,233,860
Check Point Software Technologies Ltd. (a)	47,107		5,668,856
Cognizant Technology Solutions Corp., Class A	59,780		4,149,928
Juniper Networks, Inc.	85,833		1,845,410
NXP Semiconductors NV	25,520		3,185,151
			16,083,205
Materials - 3.4%
Ashland Global Holdings, Inc.	68,932		4,888,658
W.R. Grace & Co.	63,215		2,546,932
			7,435,590
Real Estate - 8.1%
American Campus Communities, Inc. REIT	63,417		2,214,522
CubeSmart REIT	237,768		7,682,284
Douglas Emmett, Inc.	102,673		2,577,092
Jones Lang LaSalle, Inc.	14,221		1,360,381
Mid-America Apartment Communities, Inc. REIT	19,351		2,243,749
Weyerhaeuser Co.	59,583		1,699,307
			17,777,335
Utilities - 3.7%
South Jersey Industries, Inc.	154,832		2,983,613

Diamond Hill Mid Cap Fund

Schedule of Investments (Continued)

Common Stocks - 92.8% (Continued)	Shares		Fair Value
Utilities - 3.7% (Continued)
UGI Corp.	156,233	$	5,152,564
			8,136,177
Total Common Stocks (Cost $198,399,530)		$	203,117,774

Registered Investment Companies - 7.1%	Shares		Fair Value
Diamond Hill Short Duration Securitized Bond Fund, Class Y (b)		159,891		1,586,122
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (c)		13,936,570		13,936,570
Total Registered Investment Companies (Cost $15,547,912)			$	15,522,692
Total Investment Securities - 99.9% (Cost $213,947,442)			$	218,640,466
Other Assets in Excess of Liabilities - 0.1%				180,133
Net Assets - 100.0%			$	218,820,599

(a)	Non-income producing security.
(b)	Affiliated Fund.
(c)	The rate shown is the7-day effective yield as of September 30, 2020.

plc -	Public Limited Company
REIT -	Real Estate Investment Trust
NV -	Naamloze Vennootschap

See accompanying notes to Schedules of Investments.

Diamond Hill Large Cap Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 97.8%	Shares		Fair Value
Communication Services - 9.1%
Alphabet, Inc., Class A (a)		58,640	$	85,942,784
Charter Communications, Inc., Class A (a)		226,562		141,451,719
Comcast Corp., Class A		2,608,773		120,681,839
Facebook, Inc., Class A (a)		325,035		85,126,666
Walt Disney Co. (The)		1,550,377		192,370,778
				625,573,786
Consumer Discretionary - 15.0%
Booking Holdings, Inc. (a)		75,140		128,540,495
BorgWarner, Inc.		3,495,593		135,419,273
General Motors Co.		4,665,110		138,040,605
Hanesbrands, Inc. (b)		6,046,011		95,224,673
NVR, Inc. (a)		39,461		161,123,998
O'Reilly Automotive, Inc. (a)		159,300		73,450,044
TJX Cos., Inc. (The)		2,604,204		144,923,953
VF Corp.		2,217,409		155,772,982
				1,032,496,023
Consumer Staples - 14.0%
Archer-Daniels-Midland Co.		2,369,913		110,177,255
Kimberly-Clark Corp.		983,046		145,156,572
Mondelēz International, Inc., Class A		3,599,098		206,768,180
PepsiCo, Inc.		1,525,183		211,390,364
Philip Morris International, Inc.		826,435		61,974,361
Procter & Gamble Co. (The)		1,615,463		224,533,202
				959,999,934
Energy - 1.9%
Chevron Corp.		1,803,992		129,887,424
Financials - 24.3%
American International Group, Inc.		8,655,809		238,294,422
Berkshire Hathaway, Inc., Class B (a)		1,215,648		258,860,085
Charles Schwab Corp. (The)		5,076,011		183,903,879
Citigroup, Inc.		4,569,001		196,969,633
First Republic Bank		924,108		100,783,218
Hartford Financial Services Group, Inc. (The)		2,797,136		103,102,433
JPMorgan Chase & Co.		903,021		86,933,832

Diamond Hill Large Cap Fund

Schedule of Investments (Continued)

Common Stocks - 97.8% (Continued)	Shares		Fair Value
Financials - 24.3% (Continued)
KKR & Co., Inc.	5,525,368	$	189,741,137
Marsh & McLennan Cos., Inc.	864,914		99,205,636
MetLife, Inc.	3,254,872		120,983,592
Morgan Stanley	1,973,223		95,405,332
			1,674,183,199
Health Care - 12.6%
Abbott Laboratories	2,800,402		304,767,750
Gilead Sciences, Inc.	1,251,798		79,101,116
Humana, Inc.	326,701		135,218,277
Medtronic plc	1,796,821		186,725,638
Pfizer, Inc.	4,325,038		158,728,895
			864,541,676
Industrials - 8.1%
Carrier Global Corp.	3,044,813		92,988,589
Caterpillar, Inc.	581,413		86,717,749
Deere & Co.	178,713		39,608,162
Honeywell International, Inc.	661,141		108,830,420
L3Harris Technologies, Inc.	492,443		83,636,519
Parker-Hannifin Corp.	730,163		147,741,181
			559,522,620
Information Technology - 7.1%
Cognizant Technology Solutions Corp., Class A	1,997,883		138,693,038
Fidelity National Information Services, Inc.	963,811		141,882,617
Texas Instruments, Inc.	817,163		116,682,705
Visa, Inc., Class A (b)	465,379		93,061,839
			490,320,199
Materials - 2.9%
Linde plc	476,451		113,457,277
Sherwin-Williams Co. (The)	124,587		86,804,746
			200,262,023
Real Estate - 2.3%
Public Storage REIT	407,891		90,845,484
Weyerhaeuser Co.	2,424,453		69,145,400
			159,990,884
Utilities - 0.5%
Dominion Energy, Inc.	455,998		35,991,922
Total Common Stocks (Cost $5,288,774,756)		$	6,732,769,690

Diamond Hill Large Cap Fund

Schedule of Investments (Continued)

Registered Investment Companies - 2.5%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (c)		164,136,995	$	164,136,995
State Street Navigator Securities Lending Portfolio I, 0.08% (c)(d)		5,704,733		5,704,733
Total Registered Investment Companies (Cost $169,841,728)			$	169,841,728
Total Investment Securities - 100.3% (Cost $5,458,616,484)			$	6,902,611,418
Liabilities in Excess of Other Assets - (0.3)%				(22,712,963	)
Net Assets - 100.0%			$	6,879,898,455

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $98,359,572.
(c)	The rate shown is the 7-day effective yield as of September 30, 2020.
(d)	This security was purchased with cash collateral held from securities on loan.

plc -	Public Limited Company
REIT -	Real Estate Investment Trust

See accompanying notes to Schedules of Investments.

Diamond Hill All Cap Select Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 96.5%	Shares		Fair Value
Communication Services - 1.2%
Walt Disney Co. (The)		25,110	$	3,115,649
Consumer Discretionary - 17.0%
Booking Holdings, Inc. (a)		2,656		4,543,566
BorgWarner, Inc.		106,174		4,113,181
Hanesbrands, Inc.		1,032,595		16,263,371
Red Rock Resorts, Inc., Class A		557,395		9,531,455
Vail Resorts, Inc.		25,555		5,468,003
VF Corp.		75,408		5,297,412
				45,216,988
Consumer Staples - 13.0%
Archer-Daniels-Midland Co.		128,966		5,995,629
Cal-Maine Foods, Inc. (a)		293,990		11,280,396
Mondelēz International, Inc., Class A		144,717		8,313,992
Seaboard Corp.		3,144		8,918,553
				34,508,570
Financials - 31.0%
Alleghany Corp.		5,194		2,703,217
American International Group, Inc.		535,803		14,750,657
Bank OZK		309,232		6,592,826
Berkshire Hathaway, Inc., Class B (a)		75,782		16,137,019
Charles Schwab Corp. (The)		233,934		8,475,429
Citigroup, Inc.		116,697		5,030,808
KKR & Co., Inc.		330,633		11,353,937
Mr. Cooper Group, Inc. (a)		770,985		17,208,385
				82,252,278
Health Care - 1.9%
GlaxoSmithKline plc - ADR		132,817		4,999,232
Industrials - 19.5%
Cimpress plc (a)(b)		83,407		6,268,870
Colfax Corp. (a)		250,031		7,840,972
Johnson Controls International plc		177,446		7,248,669
Kirby Corp. (a)		248,350		8,982,820
Sensata Technologies Holding plc (a)		98,199		4,236,305

Diamond Hill All Cap Select Fund

Schedule of Investments (Continued)

Common Stocks - 96.5% (Continued)	Shares		Fair Value
Industrials - 19.5% (Continued)
WESCO International, Inc. (a)	389,454	$	17,143,765
			51,721,401
Information Technology - 6.3%
Cognizant Technology Solutions Corp., Class A	118,535		8,228,700
Sanmina Corp. (a)	145,231		3,928,499
Visa, Inc., Class A	22,596		4,518,522
			16,675,721
Materials - 4.6%
Ashland Global Holdings, Inc.	80,661		5,720,478
W.R. Grace & Co.	159,593		6,430,002
			12,150,480
Utilities - 2.0%
UGI Corp.	165,477		5,457,431
Total Common Stocks (Cost $225,502,223)		$	256,097,750

Registered Investment Companies - 4.0%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (c)		9,458,003		9,458,003
State Street Navigator Securities Lending Portfolio I, 0.08% (c)(d)		1,088,982		1,088,982
Total Registered Investment Companies (Cost $10,546,985)			$	10,546,985
Total Investment Securities - 100.5% (Cost $236,049,208)			$	266,644,735
Liabilities in Excess of Other Assets - (0.5)%				(1,180,161	)
Net Assets - 100.0%			$	265,464,574

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $6,137,941.
(c)	The rate shown is the 7-day effective yield as of September 30, 2020.
(d)	This security was purchased with cash collateral held from securities on loan.

ADR -	American Depositary Receipt
plc -	Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill Long-Short Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 89.2%	Shares		Fair Value
Communication Services - 8.5%
Alphabet, Inc., Class A (a)		40,680	$	59,620,608
Comcast Corp., Class A (b)		882,055		40,803,864
Facebook, Inc., Class A (a)		110,185		28,857,452
Walt Disney Co. (The) (b)		282,869		35,098,386
				164,380,310
Consumer Discretionary - 9.6%
Advance Auto Parts, Inc. (b)		127,715		19,604,253
Booking Holdings, Inc. (a)(b)		18,720		32,023,930
BorgWarner, Inc. (b)		909,130		35,219,696
Hanesbrands, Inc. (b)(c)		1,757,485		27,680,389
TJX Cos., Inc. (The) (b)		658,073		36,621,762
VF Corp. (b)		466,664		32,783,146
				183,933,176
Consumer Staples - 5.5%
Archer-Daniels-Midland Co. (b)(c)		841,070		39,101,344
Constellation Brands, Inc., Class A (b)		152,739		28,945,568
Mondelēz International, Inc., Class A (b)(c)		645,405		37,078,517
				105,125,429
Energy - 2.2%
Chevron Corp. (b)		106,045		7,635,240
Cimarex Energy Co. (b)(c)		1,449,664		35,270,325
				42,905,565
Financials - 26.8%
American International Group, Inc. (b)(c)		2,696,141		74,224,762
Bank OZK (b)		1,688,929		36,007,966
BankUnited, Inc. (b)		438,548		9,608,587
Berkshire Hathaway, Inc., Class B (a)(b)		355,590		75,719,335
Charles Schwab Corp. (The) (b)(c)		358,000		12,970,340
Citigroup, Inc. (b)(c)		1,537,590		66,285,505
First Republic Bank (b)(c)		232,005		25,302,465
Hartford Financial Services Group, Inc. (The)		695,471		25,635,061
JPMorgan Chase & Co.		115,040		11,074,901
KKR & Co., Inc. (b)		1,474,557		50,636,287
MetLife, Inc. (b)(c)		947,349		35,212,962
Morgan Stanley (b)		572,293		27,670,367

Diamond Hill Long-Short Fund

Schedule of Investments (Continued)

Common Stocks - 89.2% (Continued)	Shares		Fair Value
Financials - 26.8% (Continued)
SVB Financial Group (a)(b)(c)	124,739	$	30,014,698
TD Ameritrade Holding Corp.	941,405		36,856,006
			517,219,242
Health Care - 11.8%
Abbott Laboratories (b)(c)	347,130		37,778,158
AbbVie, Inc. (b)	111,092		9,730,548
CVS Health Corp. (b)	381,024		22,251,802
Humana, Inc.	91,650		37,933,018
Medtronic plc (b)(c)	454,374		47,218,546
Perrigo Co. plc (b)(c)	755,585		34,688,907
Pfizer, Inc. (b)	1,018,535		37,380,234
			226,981,213
Industrials - 10.6%
Alaska Air Group, Inc.	668,225		24,477,082
Johnson Controls International plc (b)(c)	1,402,914		57,309,037
Kirby Corp. (a)(b)(c)	1,052,766		38,078,546
L3Harris Technologies, Inc.	138,145		23,462,547
Parker-Hannifin Corp. (c)	157,850		31,939,369
Sensata Technologies Holding plc (a)(b)	669,137		28,866,570
			204,133,151
Information Technology - 9.4%
Cognizant Technology Solutions Corp., Class A	638,920		44,353,826
Fidelity National Information Services, Inc. (b)	273,266		40,227,488
Microsoft Corp. (c)	180,912		38,051,221
Texas Instruments, Inc. (b)	206,320		29,460,433
Visa, Inc., Class A	144,195		28,834,674
			180,927,642
Materials - 4.3%
Ashland Global Holdings, Inc. (b)(c)	345,628		24,511,938
Axalta Coating Systems Ltd. (a)(b)	300,447		6,660,910
Sherwin-Williams Co. (The) (b)	22,358		15,577,713
W.R. Grace & Co. (b)	893,605		36,003,345
			82,753,906
Utilities - 0.5%
Dominion Energy, Inc. (b)	132,430		10,452,700
Total Common Stocks (Cost $1,337,594,000)		$	1,718,812,334

Diamond Hill Long-Short Fund

Schedule of Investments (Continued)

Registered Investment Companies - 30.2%	Shares		Fair Value
Diamond Hill Short Duration Securitized Bond Fund, Class Y (d)		3,917,308	$	38,859,692
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (e)		158,606,991		158,606,991
State Street Navigator Securities Lending Portfolio I, 0.08% (e)(f)		385,284,728		385,284,728
Total Registered Investment Companies (Cost $583,207,993)			$	582,751,411
Total Investment Securities - 119.4% (Cost $1,920,801,993)			$	2,301,563,745
Segregated Cash With Custodian - 28.9%				555,958,594
Investments Sold Short - (28.4)% (Proceeds $498,266,755)				(546,346,667	)
Liabilities in Excess of Other Assets - (19.9)%				(384,183,287	)
Net Assets - 100.0%			$	1,926,992,385

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $379,683,194.
(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 of September 30, 2020.
(f)	This security was purchased with cash collateral held from securities on loan.

plc - Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill Long-Short Fund
Schedule of Investments Sold Short
September 30, 2020 (Unaudited)
Common Stocks - 28.4%	Shares		Fair Value
Communication Services - 0.8%
Cogent Communications Holdings, Inc.		252,220	$	15,145,811
Consumer Discretionary - 7.5%
Asbury Automotive Group, Inc.		150,981		14,713,098
Best Buy Co., Inc.		222,249		24,734,091
Cheesecake Factory, Inc. (The)		191,678		5,317,148
Dick's Sporting Goods, Inc.		482,936		27,952,336
Grand Canyon Education, Inc.		194,476		15,546,411
PulteGroup, Inc.		211,618		9,795,797
Tesla, Inc.		57,025		24,464,295
Whirlpool Corp.		115,673		21,271,108
				143,794,284
Consumer Staples - 3.9%
Boston Beer Co., Inc. (The), Class A		25,165		22,229,754
Brown-Forman Corp., Class B		488,220		36,772,730
WD-40 Co.		87,015		16,472,810
				75,475,294
Financials - 4.0%
Blackstone Mortgage Trust, Inc., Class A		346,005		7,601,730
Commerce Bancshares, Inc.		577,433		32,503,704
FactSet Research Systems, Inc.		58,720		19,664,154
First Financial Bankshares, Inc.		598,565		16,705,949
				76,475,537
Health Care - 0.9%
Waters Corp.		86,100		16,848,048
Industrials - 5.1%
Cintas Corp.		74,220		24,702,643
PACCAR, Inc.		292,507		24,944,997
Robert Half International, Inc.		341,460		18,076,892
W.W. Grainger, Inc.		72,418		25,836,570
Wabtec Corp.		92,105		5,699,457
				99,260,559
Information Technology - 5.0%
Akamai Technologies, Inc.		146,720		16,218,429
Badger Meter, Inc.		213,085		13,929,366
Blackbaud, Inc.		314,926		17,582,319

Diamond Hill Long-Short Fund

Schedule of Investments Sold Short (Continued)

Common Stocks - 28.4% (Continued)	Shares		Fair Value
Information Technology - 5.0% (Continued)
Cisco Systems, Inc.	227,868	$	8,975,721
j2 Global, Inc.	126,774		8,775,296
Oracle Corp.	455,815		27,212,156
Western Union Co. (The)	160,953		3,449,223
			96,142,510
Materials - 0.2%
Silgan Holdings, Inc.	80,895		2,974,509
Real Estate - 0.3%
VEREIT, Inc.	987,230		6,416,995
Utilities - 0.7%
Ormat Technologies, Inc.	233,685		13,813,120
Total Investments Sold Short - 28.4% (Proceeds $498,266,755)		$	546,346,667

Percentages disclosed are based on total net assets of the Fund at September 30, 2020.

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

Diamond Hill Research Opportunities Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 106.2%	Shares		Fair Value
Communication Services - 18.9%
Alphabet, Inc., Class A (a)(b)		1,085	$	1,590,176
Charter Communications, Inc., Class A (b)(c)		890		555,663
Facebook, Inc., Class A (b)		5,669		1,484,711
Liberty Media Corp. - Liberty Formula One - Series C (a)(b)		19,980		724,675
Live Nation Entertainment, Inc. (a)(b)		6,135		330,554
Tencent Holdings Ltd.		9,600		648,418
Walt Disney Co. (The) (a)		3,646		452,396
Zynga, Inc., Class A (b)(c)		59,324		541,035
				6,327,628
Consumer Discretionary - 7.7%
Advance Auto Parts, Inc. (a)		1,025		157,338
EssilorLuxottica SA (b)		1,873		255,018
McDonald's Corp.		1,760		386,302
NVR, Inc. (b)(c)		150		612,468
O'Reilly Automotive, Inc. (b)		815		375,780
Red Rock Resorts, Inc., Class A (c)		16,000		273,600
Starbucks Corp.		1,635		140,479
TJX Cos., Inc. (The)		4,347		241,911
Vail Resorts, Inc.		600		128,382
				2,571,278
Consumer Staples - 3.5%
Cal-Maine Foods, Inc. (a)(b)		12,400		475,788
Seaboard Corp.		240		680,806
				1,156,594
Energy - 1.3%
Chevron Corp. (a)		1,268		91,296
Cimarex Energy Co. (a)		6,500		158,145
Noble Energy, Inc.		14,500		123,975
WPX Energy, Inc. (a)(b)		14,851		72,770
				446,186
Financials - 17.9%
Banco Bilbao Vizcaya Argentaria SA		28,347		78,700
Bank OZK (a)(c)		31,995		682,133
BankUnited, Inc. (a)		7,470		163,668
Cadence BanCorp (c)		25,518		219,200

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Common Stocks - 106.2% (Continued)	Shares		Fair Value
Financials - 17.9% (Continued)
Charles Schwab Corp. (The) (a)(c)	15,449	$	559,717
Credit Suisse Group AG	4,661		46,521
Fairfax India Holdings Corp. (b)	13,412		91,872
First Republic Bank (a)(c)	2,890		315,183
Julius Baer Group Ltd.	838		35,586
Kasikornbank pcl - NVDR	33,900		82,977
Live Oak Bancshares, Inc. (c)	21,000		531,930
Morgan Stanley (a)	14,319		692,324
Mr. Cooper Group, Inc. (a)(b)	44,369		990,316
Northern Trust Corp. (c)	7,861		612,922
SCOR SE (b)	1,000		27,846
Sterling Bancorp (a)	15,837		166,605
SVB Financial Group (a)(b)	2,860		688,173
			5,985,673
Health Care - 15.7%
Boston Scientific Corp. (b)	17,115		653,964
Humana, Inc.	1,580		653,946
Integer Holdings Corp. (a)(b)	6,400		377,664
LivaNova plc (b)(c)	6,900		311,949
McKesson Corp.	2,645		393,920
Medtronic plc (a)	3,850		400,092
Perrigo Co. plc (a)	9,744		447,347
Pfizer, Inc. (a)(c)	24,510		899,517
Thermo Fisher Scientific, Inc.	2,527		1,115,721
			5,254,120
Industrials - 16.3%
Alaska Air Group, Inc.	1,568		57,436
Allegiant Travel Co.	590		70,682
Astronics Corp. (b)(c)	40,000		308,800
Carrier Global Corp.	9,764		298,193
Colfax Corp. (a)(b)	22,239		697,415
Copa Holdings SA, Class A	8,306		418,124
Honeywell International, Inc.	1,733		285,269
Howden Joinery Group plc	40,500		308,243
IAA, Inc. (b)	7,115		370,478
Johnson Controls International plc (a)	5,436		222,061
Sensata Technologies Holding plc (b)	19,106		824,233
SPX FLOW, Inc. (a)(b)	4,228		181,043
Stericycle, Inc. (a)(b)	15,880		1,001,393
Textron, Inc.	3,087		111,410
Welbilt, Inc. (a)(b)	16,203		99,810

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Common Stocks - 106.2% (Continued)	Shares		Fair Value
Industrials - 16.3% (Continued)
WESCO International, Inc. (b)	4,363	$	192,059
			5,446,649
Information Technology - 18.2%
Avnet, Inc.	5,521		142,663
Cognizant Technology Solutions Corp., Class A	11,823		820,753
Fidelity National Information Services, Inc. (a)(c)	5,330		784,629
Microsoft Corp. (c)	3,185		669,901
NXP Semiconductors NV	2,190		273,334
Sanmina Corp. (b)(c)	15,368		415,704
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR	2,508		203,324
TE Connectivity Ltd.	2,781		271,815
Texas Instruments, Inc. (a)	5,912		844,174
Visa, Inc., Class A	2,972		594,311
WNS Holdings Ltd. - ADR (b)	16,498		1,055,212
			6,075,820
Materials - 3.5%
Ashland Global Holdings, Inc. (a)	16,596		1,176,988
Real Estate - 2.7%
Agree Realty Corp.	1,869		118,943
American Campus Communities, Inc. REIT (a)	2,180		76,126
CubeSmart REIT	3,931		127,011
Douglas Emmett, Inc. (a)	3,880		97,388
Essex Property Trust, Inc. REIT	470		94,371
iStar, Inc. REIT (a)	12,650		149,396
Mid-America Apartment Communities, Inc. REIT	1,000		115,950
Public Storage REIT	536		119,378
			898,563
Utilities - 0.5%
UGI Corp.	5,391		177,795
Total Common Stocks (Cost $21,460,602)		$	35,517,294

Registered Investment Companies - 26.0%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (d)		65,006		65,006
State Street Navigator Securities Lending Portfolio I, 0.08% (d)(e)		8,621,462		8,621,462

Diamond Hill Research Opportunities Fund

Schedule of Investments (Continued)

Registered Investment Companies - 26.0% (Continued)	Shares		Fair Value
Total Registered Investment Companies (Cost $8,686,468)		$	8,686,468
Total Investment Securities - 132.2% (Cost $30,147,070)		$	44,203,762
Segregated Cash With Custodian - 14.0%			4,693,958
Investments Sold Short - (19.9)% (Proceeds $5,319,444)			(6,661,990	)
Liabilities in Excess of Other Assets - (26.3)%			(8,788,138	)
Net Assets - 100.0%		$	33,447,592

(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $8,473,669.
(b)	Non-income producing security.
(c)	All or a portion of the shares have been pledged as collateral for open short positions.
(d)	The rate shown is the 7-day effective yield as of September 30, 2020.
(e)	This security was purchased with cash collateral held from securities on loan.

ADR -	American Depositary Receipt.
AG -	Aktiengesellschaft
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 -	Societe Europaea

See accompanying notes to Schedules of Investments.

Diamond Hill Research Opportunities Fund
Schedule of Investments Sold Short
September 30, 2020 (Unaudited)
Common Stocks - 19.9%	Shares		Fair Value
Communication Services - 0.5%
Cogent Communications Holdings, Inc.		2,105	$	126,405
Omnicom Group, Inc.		666		32,967
				159,372
Consumer Discretionary - 7.5%
Best Buy Co., Inc.		1,062		118,190
Dick's Sporting Goods, Inc.		1,875		108,525
Grand Canyon Education, Inc.		1,296		103,602
lululemon athletica, inc.		310		102,105
PulteGroup, Inc.		6,385		295,562
Tesla, Inc.		3,844		1,649,114
Whirlpool Corp.		737		135,527
				2,512,625
Consumer Staples - 0.7%
Boston Beer Co., Inc. (The), Class A		108		95,403
Brown-Forman Corp., Class B		1,230		92,644
WD-40 Co.		245		46,381
				234,428
Financials - 3.7%
Blackstone Mortgage Trust, Inc., Class A		2,830		62,175
Cincinnati Financial Corp.		1,335		104,090
Commerce Bancshares, Inc.		5,059		284,771
FactSet Research Systems, Inc.		307		102,808
First Financial Bankshares, Inc.		13,658		381,195
Westamerica Bancorp.		5,295		287,783
				1,222,822
Health Care - 2.3%
Align Technology, Inc.		700		229,152
HealthEquity, Inc.		4,200		215,754
Henry Schein, Inc.		1,800		105,804
Waters Corp.		1,200		234,816
				785,526
Industrials - 0.7%
AAON, Inc.		455		27,414
Boeing Co. (The)		181		29,912
Cintas Corp.		74		24,629

Diamond Hill Research Opportunities Fund

Schedule of Investments Sold Short (Continued)

Common Stocks - 19.9% (Continued)	Shares		Fair Value
Industrials - 0.7% (Continued)
Lennox International, Inc.	120	$	32,713
Robert Half International, Inc.	1,023		54,158
Spirit Airlines, Inc.	1,950		31,395
W.W. Grainger, Inc.	132		47,094
			247,315
Information Technology - 4.1%
Amkor Technology, Inc.	14,053		157,394
Badger Meter, Inc.	786		51,381
Blackbaud, Inc.	3,936		219,747
Cisco Systems, Inc.	4,182		164,729
j2 Global, Inc.	300		20,766
Oracle Corp.	7,238		432,109
Western Union Co. (The)	14,971		320,829
			1,366,955
Real Estate - 0.2%
VEREIT, Inc.	9,950		64,675
Utilities - 0.2%
Ormat Technologies, Inc.	1,155		68,272
Total Investments Sold Short - 19.9% (Proceeds $5,319,444)		$	6,661,990

Percentages disclosed are based on total net assets of the Fund at September 30, 2020.

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

Diamond Hill Global Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 97.8%	Shares		Fair Value
Belgium - 3.2%
Anheuser-Busch InBev SA/NV		8,389	$	451,728
Canada - 2.5%
Rogers Communications, Inc., Class B		9,086		360,260
France - 8.2%
EssilorLuxottica SA (a)		3,710		505,134
Safran SA (a)		1,429		140,614
SCOR SE (a)		18,421		512,946
				1,158,694
Germany - 2.8%
Fuchs Petrolub SE		10,564		396,161
Israel - 3.0%
Check Point Software Technologies Ltd. (a)		3,542		426,244
Japan - 3.1%
Seven & i Holdings Co. Ltd.		14,100		437,997
Netherlands - 2.3%
Unilever NV		5,320		323,113
South Korea - 2.5%
Samsung Electronics Co. Ltd.		7,185		357,749
Switzerland - 3.3%
Julius Baer Group Ltd.		7,112		302,011
Roche Holdings AG		476		163,021
				465,032
Thailand - 1.2%
Kasikornbank pcl - NVDR		70,000		171,338
United Kingdom - 13.2%
Ashmore Group plc		59,642		275,269
BT Group plc		336,730		426,500

Diamond Hill Global Fund

Schedule of Investments (Continued)

Common Stocks - 97.8% (Continued)	Shares		Fair Value
United Kingdom - 13.2% (Continued)
Diageo plc	17,454	$	599,510
Howden Joinery Group plc	74,462		566,726
			1,868,005
United States - 52.5%
American International Group, Inc.	24,358		670,576
Archer-Daniels-Midland Co.	5,575		259,182
Berkshire Hathaway, Inc., Class B (a)	3,836		816,838
Booking Holdings, Inc. (a)	139		237,784
BorgWarner, Inc.	4,993		193,429
Charles Schwab Corp. (The)	11,095		401,972
Cimpress plc (a)(b)	3,323		249,757
Citigroup, Inc.	5,392		232,449
Cognizant Technology Solutions Corp., Class A	5,768		400,414
Johnson Controls International plc	9,037		369,161
Kirby Corp. (a)	12,058		436,138
Mondelēz International, Inc., Class A	6,026		346,194
Red Rock Resorts, Inc., Class A	35,178		601,544
Sanmina Corp. (a)	5,491		148,531
Seaboard Corp.	158		448,197
UGI Corp.	10,193		336,165
Vail Resorts, Inc.	1,338		286,292
Visa, Inc., Class A	1,035		206,969
W.R. Grace & Co.	3,785		152,498
Walt Disney Co. (The)	1,583		196,419
WESCO International, Inc. (a)	9,903		435,930
			7,426,439
Total Common Stocks (Cost $14,503,565)		$	13,842,760

Registered Investment Companies - 3.2%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (c)		290,965		290,965
State Street Navigator Securities Lending Portfolio I, 0.08% (c)(d)		158,696		158,696
Total Registered Investment Companies (Cost $449,661)			$	449,661
Total Investments at Value - 101.0% (Cost $14,953,226)			$	14,292,421
Liabilities in Excess of Other Assets - (1.0)%				(142,196	)
Net Assets - 100.0%			$	14,150,225

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $249,756.
(c)	The rate shown is the 7-day effective yield as of September 30, 2020.
(d)	This security was purchased with cash collateral held from securities on loan.

AG -	Aktiengesellschaft
NV -	Naamloze Vennootschap
NVDR -	Non-Voting Depositary Receipt
pcl-	Public Company Limited
plc -	Public Limited Company
SA -	Societe Anonyme
SE -	Societe Europaea

See accompanying notes to Schedules of Investments.

Diamond Hill International Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Common Stocks - 95.1%	Shares		Fair Value
Belgium - 5.6%
Anheuser-Busch InBev SA/NV		10,399	$	559,962
Shurgard Self Storage SA		4,750		207,235
				767,197
Canada - 4.2%
Fairfax Financial Holdings Ltd.		991		291,792
Rogers Communications, Inc., Class B		7,031		278,779
				570,571
China - 3.8%
Baidu, Inc. - ADR (a)		1,384		175,201
Tencent Holdings Ltd.		5,100		344,472
				519,673
France - 9.8%
EssilorLuxottica SA (a)		1,928		262,506
LVMH Moet Hennessy Louis Vuitton SE		354		165,659
Safran SA (a)		2,956		290,872
SCOR SE (a)		9,958		277,287
Vivendi SA		12,726		355,471
				1,351,795
Germany - 1.3%
Fuchs Petrolub SE		4,705		176,442
India - 2.6%
HDFC Bank Ltd. - ADR (a)		7,166		358,013
Israel - 3.4%
Check Point Software Technologies Ltd. (a)(b)		3,919		471,612
Japan - 4.4%
Astellas Pharma, Inc.		17,800		265,282
Seven & i Holdings Co. Ltd.		11,000		341,700
				606,982
Mexico - 3.9%
Fomento Economico Mexicano SAB de CV		40,473		227,138
Grupo Aeroportuario del Sureste SAB de CV, Class B (a)		26,049		302,030

Diamond Hill International Fund

Schedule of Investments (Continued)

Common Stocks - 95.1% (Continued)	Shares		Fair Value
Mexico - 3.9% (Continued)
		$	529,168
Netherlands - 5.4%
Prosus NV (a)	2,707		249,897
Unilever NV	8,041		488,375
			738,272
South Korea - 2.9%
Samsung Electronics Co. Ltd.	7,936		395,142
Spain - 0.9%
Banco Bilbao Vizcaya Argentaria SA	44,879		124,598
Switzerland - 11.3%
Compagnie Financiere Richemont SA	4,160		279,266
Julius Baer Group Ltd.	9,809		416,539
Novartis AG - ADR	3,831		333,144
Roche Holdings AG	947		324,330
Swatch Group AG (The)	875		203,914
			1,557,193
Taiwan Province Of China - 2.0%
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR	3,414		276,773
Thailand - 1.8%
Kasikornbank pcl - NVDR	102,600		251,133
United Kingdom - 21.4%
Ashmore Group plc	55,585		256,544
B&M European Value Retail SA	20,701		131,970
Beazley plc	62,837		248,768
BT Group plc	256,738		325,183
Bunzl plc	5,990		193,392
Diageo plc	15,462		531,089
GlaxoSmithKline plc	19,404		363,769
Howden Joinery Group plc	56,541		430,330
InterContinental Hotels Group plc	5,049		265,019
Tesco plc	69,889		191,723
			2,937,787
United States - 10.4%
Alphabet, Inc., Class A (a)	260		381,056
Copa Holdings SA, Class A	2,920		146,993
Facebook, Inc., Class A (a)	1,025		268,447

Diamond Hill International Fund

Schedule of Investments (Continued)

Common Stocks - 95.1% (Continued)	Shares		Fair Value
United States - 10.4% (Continued)
LivaNova plc (a)	4,332	$	195,850
Walt Disney Co. (The)	3,562		441,973
			1,434,319
Total Common Stocks (Cost $13,667,847)		$	13,066,670

Registered Investment Companies - 4.6%	Par Value		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (c)		612,793		612,793
State Street Navigator Securities Lending Portfolio I, 0.08% (c)(d)		24,650		24,650
Total Registered Investment Companies (Cost $637,443)			$	637,443
Total Investments at Value - 99.7% (Cost $14,305,290)			$	13,704,113
Other Assets in Excess of Liabilities - 0.3%				36,218
Net Assets - 100.0%			$	13,740,331

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $24,068.
(c)	The rate shown is the 7-day effective yield as of September 30, 2020.
(d)	This security was purchased with cash collateral held from securities on loan.

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 -	Societe Europaea

See accompanying notes to Schedules of Investments.

Diamond Hill Short Duration Securitized Bond Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Corporate Credit - 1.6%	Coupon			Maturity		Shares / Par Value		Fair Value
Banking - 0.3%
Goldman Sachs Group, Inc. (3MO LIBOR + 111) (a)		1.354	%		04/26/22	$	450,000	$	451,861
JPMorgan Chase & Co. (3MO LIBOR + 100) (a)		1.275	%		01/15/23		400,000		403,379
JPMorgan Chase & Co.		0.653	%		09/16/24		350,000		350,106
Mizuho Financial Group, Inc.		2.273	%		09/13/21		500,000		509,004
PNC Bank NA		1.743	%		02/24/23		420,000		427,564
Toronto-Dominion Bank (The) (3MO LIBOR + 43) (a)		0.680	%		06/11/21		1,000,000		1,002,608
Toronto-Dominion Bank (The) (SOFR + 48) (a)		0.540	%		01/27/23		375,000		376,036
									3,520,558
Capital Goods - 0.0% (b)
Welbilt, Inc. (c)		9.500	%		02/15/24		100,000		102,500
Communications - 0.1%
Twenty-First Century Fox, Inc.		4.030	%		01/25/24		450,000		495,347
Consumer Cyclical - 0.2%
CCM Merger, Inc. (d)		6.000	%		03/15/22		200,000		197,156
Daimler Finance LLC (d)		1.750	%		03/10/23		1,900,000		1,937,534
Ford Motor Credit Co. LLC		5.584	%		03/18/24		250,000		260,059
General Motors Financial Co., Inc.		3.200	%		07/06/21		25,000		25,378
									2,420,127
Electric - 0.1%
DTE Energy Co.		1.050	%		06/01/25		500,000		500,709
Energy - 0.3%
Diamondback Energy, Inc.		5.375	%		05/31/25		767,000		796,386
Energy Transfer Operating LP		4.500	%		04/15/24		925,000		979,646
Welltec A/S (d)		9.500	%		12/01/22		200,000		176,000
WPX Energy, Inc.		5.250	%		09/15/24		1,000,000		1,045,000
						��			2,997,032

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 1.6% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Insurance - 0.3%
Athene Global Funding (d)	2.500	%	01/14/25	$	1,450,000	$	1,494,321
Jackson National Life Global Funding (3MO LIBOR + 48) (a)(d)	0.730	%	06/11/21		950,000		952,442
Jackson National Life Global Funding (d)	2.100	%	10/25/21		200,000		203,718
Met Life Global Funding I (d)	1.950	%	01/13/23		450,000		465,254
Principal Life Global Funding II (d)	2.375	%	11/21/21		400,000		409,753
							3,525,488
Technology - 0.1%
Dell International LLC (d)	4.000	%	07/15/24		500,000		540,216
Transportation - 0.2%
Alaska Airlines, Series 2020-1B, Class A (d)	4.800	%	08/15/27		500,000		523,551
American Airlines Pass-Through Trust, Series 2016-2, Class AA	3.200	%	12/15/29		1,664,000		1,563,686
U.S. Airways Pass-Through Trust, Series 2012-2, Class B	6.750	%	12/03/22		130,005		119,371
United Airlines Pass-Through Trust, Series 2013-1, Class B	5.375	%	02/15/23		67,297		64,751
United Airlines Pass-Through Trust, Series 2007-1, Class A	6.636	%	01/02/24		97,745		90,910
							2,362,269
Total Corporate Credit (Cost $16,169,525)						$	16,464,246

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0%	Coupon			Maturity		Shares / Par Value		Fair Value
ABS-Other - 5.3%
Access Point Financial, Inc., Series 2017-A, Class C (d)(e)		5.820	%		04/15/29	$	4,750,000	$	4,712,014
BXG Receivables Note Trust, Series 2012-A, Class B (d)		3.990	%		12/02/27		180,900		180,894
Diamond Resorts Owner Trust, Series 2019-1, Class B (d)		3.530	%		02/20/32		821,397		830,708
FMC GMSR Issuer Trust, Series 2019-GT2, Class A (d)		4.230	%		09/25/24		5,000,000		4,889,999
Gold Key Resorts LLC, Series 2014-A, Class A (d)		3.220	%		03/17/31		86,160		86,603
Helios Issuer LLC, Series 2020-4, Class A (d)		2.980	%		06/20/47		1,990,018		2,070,480
Hero Funding Trust, Series 2016-3B, Class B (d)		5.240	%		09/20/42		148,825		150,436
Hero Funding Trust, Series 2016-1R, Class A1 (d)		4.500	%		09/21/42		45,044		45,217
Hero Funding Trust, Series 2016-4B, Class B (d)		4.990	%		09/20/47		576,406		589,178
Holiday Inn Timeshare Trust, Series 2020-A, Class C (d)		3.420	%		10/09/39		575,000		575,993
Holiday Inn Timeshare Trust, Series 2020-A, Class D (d)		5.500	%		10/09/39		1,000,000		977,472
Holiday Inn Timeshare Trust, Series 2020-A, Class E (d)		6.500	%		10/09/39		1,000,000		951,104
Mosaic Solar Loans LLC, Series 2017-2, Class B (d)		4.770	%		06/22/43		721,676		751,721
Mosaic Solar Loans LLC, Series 2017-2A, Class D (d)		0.000	%		06/22/43		1,772,551		1,647,118
Mosaic Solar Loans LLC, Series 2020-1, Class A (d)		2.100	%		04/20/46		2,850,761		2,905,185
Mosaic Solar Loans LLC, Series 2020-1A, Class B (d)		3.100	%		04/20/46		2,280,609		2,360,911
OCWEN Master Advance Receivables Trust, Series 2020-T1, Class E-T1 (d)(e)		5.419	%		08/15/52		2,000,000		2,007,013
PNMAC GMSR Issuer Trust, Series 2018-GT1, Class A (1MO LIBOR + 285) (a)(d)		3.025	%		02/25/23		7,000,000		6,832,097
PNMAC GMSR Issuer Trust, Series 2018-GT2, Class NT (1MO LIBOR + 265) (a)(d)		2.825	%		08/25/23		8,500,000		8,201,116
Renew Financial LLC, Series 2017-1, Class B (a)(d)		5.750	%		09/20/52		769,821		794,277
TES LLC, Series 2017-1, Class A (d)		4.330	%		10/20/47		4,329,173		4,415,600
TES LLC, Series 2017-1, Class B (d)		7.740	%		10/20/47		2,000,000		1,826,844

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
ABS-Other - 5.3% (Continued)
Westgate Resorts, Series 2018-1, Class B (d)	3.580	%	12/20/31	$	962,521	$	953,803
Westgate Resorts, Series 2018-1, Class C (d)	4.100	%	12/20/31		2,296,926		2,263,710
Westgate Resorts, Series 2020-1, Class B (d)	3.963	%	03/20/34		1,514,946		1,554,045
Westgate Resorts, Series 2020-1, Class C (d)	6.213	%	03/20/34		1,202,338		1,251,978
							53,825,516
Agency CMBS - 0.0% (b)
FNMA, Pool #FN AE0834 (a)	3.609	%	01/01/21		22,034		22,028

Agency MBS CMO - 1.1%
FHLMC, Series 2979, Class FP (1MO LIBOR + 45) (a)	0.602	%	05/15/35	423,712	426,425
FHLMC, Series 3121, Class FM (1MO LIBOR + 40) (a)	0.552	%	03/15/36	456,799	459,336
FHLMC, Series 4613, Class AF (1MO LIBOR + 110) (a)	1.252	%	11/15/37	810,458	821,630
FHLMC, Series 4085, Class FB (1MO LIBOR+40) (a)	0.552	%	01/15/39	342,491	343,230
FHLMC, Series 4095, Class FB (1MO LIBOR +40) (a)	0.552	%	04/15/39	144,190	144,510
FHLMC, Series 3925, Class FL (1MO LIBOR + 45) (a)	0.602	%	01/15/41	310,616	311,788
FHLMC, Series 3895, Class BF (1MO LIBOR + 50) (a)	0.652	%	07/15/41	371,906	375,218
FHLMC, Series 4314, Class PF (1MO LIBOR + 40) (a)	0.552	%	07/15/43	293,577	294,415
FHLMC, Series 4972, Class ZC	2.500	%	05/25/50	1,697,074	1,691,806
FNMA, Series 2006-56, Class DC (1MO LIBOR + 65) (a)	0.798	%	07/25/36	909,420	914,116
FNMA, Series 2006-108, Class FD (1MO LIBOR + 38) (a)	0.528	%	11/25/36	370,566	373,937
FNMA, Series 2010-136, Class FA (1MO LIBOR + 50) (a)	0.648	%	12/25/40	373,212	377,055
FNMA, Series 2011-86, Class KF (1MO LIBOR + 55) (a)	0.698	%	09/25/41	554,570	563,215
FNMA, Series 2012-9, Class FC (1MO LIBOR + 40) (a)	0.548	%	02/25/42	254,681	256,378
FNMA, Series 2012-33, Class F (1MO LIBOR + 52) (a)	0.668	%	04/25/42	223,338	225,430
GNMA, Series 2007-18, Class FD (1MO LIBOR + 30) (a)	0.456	%	04/20/37	552,986	552,520
GNMA, Series 2008-16, Class FC (1MO LIBOR + 50) (a)	0.656	%	02/20/38	457,813	460,235
GNMA, Series 2012-149, Class GF (1MO LIBOR + 30) (a)	0.456	%	12/20/42	244,166	244,166
GNMA, Series 2012-H29, Class SA (1MO LIBOR + 51.5) (a)	0.670	%	10/20/62	653,154	654,946
GNMA, Series 2012-H23, Class SA (1MO LIBOR + 53) (a)	0.685	%	10/20/62	582,610	583,602

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Agency MBS CMO - 1.1% (Continued)
GNMA, Series 2017-H18, Class FE (1MO LIBOR + 20) (a)	0.355	%	06/20/63	$	21,084	$	21,069
GNMA, Series 2016-H11, Class FD (12MO LIBOR + 40) (a)	1.402	%	05/20/66		118,812		119,499
GNMA, Series 2017-H11, Class FP (1MO LIBOR + 22) (a)	0.375	%	04/20/67		658,524		657,770
							10,872,296
Agency MBS CMO Derivatives - 0.6%
FHLMC, Series 3994, Class EI (IO)	3.000	%	02/15/22		383,455		5,189
FHLMC, Series 3874, Class KI (IO)	4.500	%	08/15/25		129,179		549
FHLMC, Series 3946, Class SB (IO) (-1*1MO LIBOR + 675) (a)	6.598	%	10/15/26		229,334		25,940
FHLMC, Series 237, Class S14 (IO) (-1*1MO LIBOR + 660) (a)	6.448	%	05/15/36		868,674		179,195
FHLMC, Series 4693, Class EI (IO)	3.500	%	08/15/42		3,786,744		94,458
FNMA, Series 2011-75, Class MI (IO)	3.500	%	08/25/26		433,243		19,432
FNMA, Series 2012-148, Class IA (IO)	4.000	%	01/25/28		3,693,288		309,879
FNMA, Series 301, Class I (PO)	0.000	%	04/25/29		337,856		324,120
FNMA, Series 348, Class II (IO)	6.000	%	01/25/34		796,954		179,320
FNMA, Series 2014-19, Class MS (IO) (a)	6.452	%	11/25/39		14,883,633		429,281
FNMA, Series 2013-120, Class JI (IO)	4.000	%	02/25/40		8,456,822		348,927
FNMA, Series 2010-44, Class CS (IO) (-1*1MO LIBOR + 655) (a)	6.402	%	05/25/40		803,431		125,287
FNMA, Series 2011-14, Class PI (IO)	5.000	%	06/25/40		316,603		17,136
FNMA, Series 3998, Class NS (IO) (-1 * 1MO LIBOR + 660) (a)	6.448	%	09/15/40		6,217,278		491,454
FNMA, Series 2014-45, Class IO (IO)	4.000	%	08/25/44		908,330		95,030
GNMA, Series 2013-124, Class ST (-1.333*1MO LIBOR + 880) (a)	8.592	%	08/20/39		274,299		280,945
GNMA, Series 2011-145, Class QI (IO)	5.000	%	11/16/41		1,392,923		210,685
GNMA, Series 2015-16, Class IL (IO)	4.000	%	03/20/42		5,710,224		365,482
GNMA, Series 2014-141, Class IE (IO)	4.000	%	08/20/43		2,977,818		120,636
GNMA, Series 2010-H01, Class CI (IO) (a)	1.997	%	01/20/60		1,221,904		119,605
GNMA, Series 2012-H02, Class AI (IO) (a)	1.909	%	01/20/62		2,005,202		86,725
GNMA, Series 2013-H13, Class T1 (IO) (a)	0.473	%	05/20/63		33,667,654		527,757
GNMA, Series 2016-H20, Class GI (IO) (a)	0.401	%	08/20/66		34,808,801		358,966
GNMA, Series 2017-H11, Class PI (IO) (a)	3.950	%	04/20/67		3,561,331		61,103
GNMA, Series 2017-H22, Class ID (IO) (a)	3.872	%	11/20/67		549,574		29,021
GNMA, Series 2018-H08, Class NI (IO) (a)	0.836	%	05/20/68		18,176,258		452,029
GNMA, Series 2019-H04, Class IO (IO) (a)	1.462	%	03/20/69		30,595,069		1,157,577
							6,415,728

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Agency MBS Passthrough - 0.2%
FHLMC, Pool #FG G60257	5.500	%	06/01/41	$	715,972	$	831,994
FHLMC, Pool #RE-6020	3.500	%	12/01/49		1,172,812		1,210,903
							2,042,897

Auto Loan - 16.3%
ACC Trust, Series 2019-1, Class A (d)	3.750	%	05/20/22	369,314	371,838
ACC Trust, Series 2019-2, Class A (d)	2.820	%	02/21/23	1,679,601	1,689,574
American Credit Acceptance Receivables Trust, Series 2018-3, Class F (d)	6.440	%	06/12/25	7,690,000	7,986,966
American Credit Acceptance Receivables Trust, Series 2020-2, Class C (d)	3.880	%	04/13/26	1,500,000	1,579,367
American Credit Acceptance Receivables Trust, Series 2019-3, Class F (d)	5.420	%	05/12/26	1,000,000	1,002,139
American Credit Acceptance Receivables Trust, Series 2020-3, Class C (d)	1.850	%	06/15/26	1,675,000	1,693,729
American Credit Acceptance Receivables Trust, Series 2020-3, Class D (d)	2.400	%	06/15/26	4,200,000	4,258,389
American Credit Acceptance Receivables Trust, Series 2020-3, Class F (d)	5.940	%	06/14/27	6,750,000	6,884,197
Arivo Acceptance Auto Loan Receivables Trust, Series 2019-1, Class A (d)	2.990	%	07/15/24	819,059	832,964
Avid Automobile Receivables Trust, Series 2019-1, Class E (d)	6.760	%	05/17/27	2,500,000	2,535,056
Bank of the West Auto Trust, Series 2017-1, Class B (d)	2.620	%	11/15/23	400,000	408,804
CarNow Auto Receivables Trust, Series 2017-1A, Class C (d)	5.750	%	10/16/23	4,000,000	4,000,469
Chase Credit Linked Notes, Series 2020-1, Class D (d)	1.886	%	01/25/28	2,250,000	2,253,497
Chase Credit Linked Notes, Series 2020-1, Class E (d)	3.715	%	01/25/28	1,154,000	1,157,721
CIG Auto Receivables Trust, Series 2020-1, Class D (d)	2.350	%	01/12/26	2,400,000	2,398,478
CIG Auto Receivables Trust, Series 2019-1, Class D (d)	4.850	%	05/15/26	1,000,000	1,015,993
CPS Auto Receivables Trust, Series 2018-C, Class D (d)	4.400	%	06/17/24	850,000	880,039
CPS Auto Receivables Trust, Series 2020-B, Class C (d)	3.300	%	04/15/26	1,650,000	1,711,192
CPS Auto Receivables Trust, Series 2020-B, Class D (d)	4.750	%	04/15/26	5,000,000	5,335,953
CPS Auto Receivables Trust, Series 2020-C, Class D (d)	2.410	%	11/16/26	2,600,000	2,609,515
Credit Acceptance Auto Loan Trust, Series 2020-2, Class C (d)	2.730	%	11/15/29	3,000,000	3,044,830

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Auto Loan - 16.3% (Continued)
Drive Auto Receivables Trust, Series 2020-1, Class D	2.700	%	05/17/27	$	4,500,000	$	4,615,547
Drive Auto Receivables Trust, Series 2020-2, Class D	3.050	%	05/15/28		8,000,000		8,323,043
DT Auto Owner Trust, Series 2020-2, Class E (d)	4.730	%	03/16/26		500,000		538,154
DT Auto Owner Trust, Series 2020-2, Class E (d)	7.170	%	06/15/27		1,250,000		1,359,100
Exeter Automobile Receivables Trust, Series 2020-2, Class D (d)	4.730	%	04/15/26		500,000		539,409
Exeter Automobile Receivables Trust, Series 2020-2, Class E (d)	7.190	%	09/15/27		2,000,000		2,215,530
FHF Trust, Series 2020-1, Class A (d)	2.590	%	12/15/23		3,471,228		3,485,887
FHF Trust, Series 2020-1, Class B (d)	3.100	%	09/15/25		4,500,000		4,556,457
Foursight Capital Automobile Receivables, Series 2020-1, Class C (d)	2.410	%	08/15/25		4,400,000		4,413,992
Foursight Capital Automobile Receivables, Series 2020-1, Class E (d)	3.490	%	04/15/26		1,300,000		1,269,713
Hertz Fleet Lease Funding LP, Series 2017-1, Class D (d)	3.690	%	04/10/31		1,500,000		1,487,928
Hertz Fleet Lease Funding LP, Series 2017-1, Class E (d)	5.800	%	04/10/31		8,000,000		8,024,295
Hertz Fleet Lease Funding LP, Series 2018-1, Class D (d)	4.170	%	05/10/32		700,000		701,573
Hertz Fleet Lease Funding LP, Series 2018-1, Class E (d)	5.550	%	05/10/32		4,888,000		4,906,580
Hertz Fleet Lease Funding LP, Series 2019-1, Class E (d)	4.620	%	01/10/33		3,400,000		3,430,056
Navistar Financial Dealer Note Master Trust, Series 2019-1, Class D (1MO LIBOR + 145) (a)(d)	1.598	%	05/28/24		1,200,000		1,193,346
NextGear Floorplan Master Owner Trust, Series 2019-2, Class A-1 (1MO LIBOR + 70) (a)(d)	0.852	%	10/15/24		1,500,000		1,468,114
NextGear Floorplan Master Owner Trust, Series 2020-1, Class A1 (1MO LIBOR +80) (a)(d)	0.952	%	02/18/25		7,000,000		6,925,440
OneMain Direct Auto Receivables Trust, Series 2017-2, Class E (d)	4.740	%	11/14/25		3,050,000		3,054,312
OSCAR US Funding Trust, Series 2019-11, Class A-4 (d)	2.680	%	09/10/26		5,270,000		5,513,661

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Auto Loan - 16.3% (Continued)
Santander Consumer Auto Receivables, Series 2020-B, Class D (d)	2.140	%	12/15/26	$	2,000,000	$	1,998,208
Skopos Auto Receivables Trust, Series 2018-1, Class C (a)(d)	4.770	%	04/17/23		2,879,899		2,872,514
Skopos Auto Receivables Trust, Series 2019-1, Class B (d)	3.430	%	09/15/23		6,000,000		6,085,438
Skopos Auto Receivables Trust, Series 2019-1, Class D (d)	5.240	%	04/15/25		680,000		693,661
Tesla Auto Lease Trust, Series 2018-B, Class D (d)	5.290	%	11/22/21		5,250,000		5,415,209
Tesla Auto Lease Trust, Series 2020-A, Class D (d)	2.330	%	02/20/24		2,500,000		2,537,164
United Auto Credit Securitization Trust, Series 2020-1, Class D (d)	2.880	%	02/10/25		7,800,000		7,935,491
Veros Auto Receivables Trust, Series 2020-1, Class A (d)	1.670	%	09/15/23		2,889,240		2,897,411
Veros Auto Receivables Trust, Series 2020-1, Class B (d)	2.190	%	06/16/25		2,500,000		2,507,592
Westlake Auto Receivables Trust, Series 2019-3, Class D (d)	2.720	%	11/15/24		1,750,000		1,791,063
Westlake Auto Receivables Trust, Series 2020-2, Class C (d)	2.010	%	07/15/25		5,000,000		5,071,745
Westlake Auto Receivables Trust, Series 2020-2, Class D (d)	2.760	%	01/15/26		5,000,000		5,129,172
							166,607,515
Conduit - 0.1%
WF-RBS Commercial Mortgage Trust, Series 2011-C2, Class D (a)(d)	5.850	%	02/15/44		665,000		659,549

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

CRE/CLO - 7.2%
A10 Securitization, Series 2020-C, Class B (d)(e)	2.617	%	08/15/40	$	2,100,000	$	2,098,244
A10 Securitization, Series 2020-C, Class C (d)(e)	3.363	%	08/15/40		2,800,000		2,797,528
A10 Securitization, Series 2020-C, Class D (d)(e)	4.129	%	08/15/40		1,950,000		1,947,929
A10 Securitization, Series 2020-C, Class E (d)(e)	5.465	%	08/15/40		1,050,000		1,048,744
A10 Securitization, Series 2020-C, Class A (d)(e)	2.021	%	09/15/50		1,400,000		1,400,042
Bancorp Commercial Mortgage Trust (The), Series 2017-CRE2, Class C (1MO LIBOR + 235) (a)(d)	2.512	%	08/15/32		4,750,000		4,571,853
Bancorp Commercial Mortgage Trust (The), Series 2018-CR3, Class D (1MO LIBOR + 270) (a)(d)	2.862	%	03/16/35		4,500,000		4,300,308
BXMT Ltd, Series 2020-FL2, Class C (1MO LIBOR + 165) (a)(d)	1.812	%	02/18/38		1,525,000		1,483,063
BXMT Ltd., Series 2020-FL2, Class A (1MO LIBOR + 90) (a)(d)	1.062	%	02/16/37		7,500,000		7,364,063
BXMT Ltd., Series 2020-FL2, Class D (1MO LIBOR + 195) (a)(d)	2.112	%	02/16/37		4,225,000		4,040,156
BXMT Ltd., Series 2020-FL2, Class E (1MO LIBOR + 205) (a)(d)	2.212	%	02/16/37		2,500,000		2,350,000
Exantas Capital Corp., Series 2020-RS09, Class D (1MO LIBOR + 550) (a)(d)(e)	5.675	%	04/17/37		7,300,000		7,332,557
MF1, Series 2020-FL3, Class B (1MO LIBOR + 375) (a)(d)	3.912	%	07/15/35		1,000,000		1,011,250
MF1, Series 2020-FL3, Class C (1MO LIBOR + 450) (a)(d)	4.662	%	07/15/35		1,000,000		1,016,250
Multi Family Housing Mortgage Loan, Series 2019-FL2, Class A (1MO LIBOR + 113) (a)(d)	1.305	%	11/27/34		6,025,000		5,923,328
Multi Family Housing Mortgage Loan, Series 2019-FL2, Class C (1MO LIBOR + 200) (a)(d)	2.175	%	12/25/34		4,400,000		4,191,000
ReadyCap Commercial Mortgage Trust, Series 2020-FL4, Class A (1MO LIBOR + 215) (a)(d)	2.298	%	02/25/35		4,300,000		4,299,996
ReadyCap Commercial Mortgage Trust, Series 2020-FL4, Class B (1MO LIBOR + 385) (a)(d)	3.998	%	02/25/35		4,000,000		4,039,189
ReadyCap Commercial Mortgage Trust, Series 2020-FL4, Class C (1MO LIBOR + 475) (a)(d)	4.898	%	02/25/35		4,000,000		4,038,874
ReadyCap Commercial Mortgage Trust, Series 2018-FL2, Class D (1MO LIBOR + 270) (a)(d)(e)	2.848	%	06/25/35		6,600,000		6,233,047
VMC Finance LLC, Series 2018-FL2, Class A (1MO LIBOR + 92) (a)(d)	1.082	%	10/15/35		1,857,746		1,822,193
							73,309,614

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Credit Cards - 4.3%
Continental Credit Card LLC, Series 2017-1, Class B (d)	6.410	%	01/15/25	$	4,346,286	$	4,380,796
Continental Credit Card LLC, Series 2019-1, Class A (d)	3.830	%	08/15/26		7,650,000		7,762,401
Continental Credit Card LLC, Series 2019-1, Class B (d)	4.950	%	08/15/26		7,450,000		7,567,636
Continental Credit Card LLC, Series 2019-1, Class C (d)	6.160	%	08/15/26		3,000,000		3,039,187
Fortiva Retail Credit Master Note, Series 2018-1, Class A (d)	5.540	%	11/15/23		10,850,000		10,882,790
Fortiva Retail Credit Master Note, Series 2018-1, Class C (d)	7.730	%	11/15/23		2,750,000		2,759,054
Genesis Private Label Amortization Trust, Series 2020-1, Class C (d)	4.190	%	07/20/30		1,400,000		1,407,154
Genesis Private Label Amortization Trust, Series 2020-1, Class E (d)	9.760	%	07/20/30		2,625,000		2,639,608
Genesis Sales Finance Master Trust, Series 2019-A, Class A (d)	4.680	%	08/20/23		1,200,000		1,206,238
Genesis Sales Finance Master Trust, Series 2019-A, Class C (d)	6.880	%	08/20/23		1,700,000		1,710,075
Genesis Sales Finance Master Trust, Series 2019-A, Class D (d)	9.540	%	08/20/23		1,000,000		1,006,831
							44,361,770

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Equipment - 4.2%
Access Point Financial, Inc., Series 2017-A, Class B (d)(e)	3.970	%	04/15/29	$	547,494	$	550,582
Access Point Financial, Inc., Series 2017-A, Class D (d)(e)	6.000	%	04/15/29		5,000,000		4,939,200
Business Jet Securities LLC, Series 2018-1, Class A (a)(d)	4.335	%	02/15/33		3,155,501		3,161,074
Business Jet Securities LLC, Series 2018-1, Class B (a)(d)	6.048	%	02/15/33		1,453,951		1,472,118
Business Jet Securities LLC, Series 2018-1, Class C (d)	7.748	%	02/15/33		3,098,835		3,119,851
Business Jet Securities LLC, Series 2018-2, Class A (d)	4.447	%	06/15/33		3,358,817		3,358,208
Business Jet Securities LLC, Series 2018-2, Class B (d)	5.437	%	06/15/33		4,616,737		4,642,619
Business Jet Securities LLC, Series 2019-1, Class B (d)	5.193	%	07/15/34		2,751,609		2,753,541
Business Jet Securities LLC, Series 2019-1, Class C (d)	6.948	%	07/15/34		5,142,294		5,134,430
CCG Receivables Trust, Series 2018-2, Class C (d)	3.870	%	12/15/25		2,395,000		2,477,883
Global SC Finance II SRL, Series 2013-1, Class A (d)	2.980	%	04/17/28		322,917		323,965
Octane Receivables Trust, Series 2019-1, Class A (d)	3.160	%	09/20/23		2,545,769		2,539,798
Octane Receivables Trust, Series 2020-1, Class A (d)	1.710	%	02/20/25		6,300,000		6,300,252
Octane Receivables Trust, Series 2020-1, Class C (d)	2.890	%	03/20/26		2,600,000		2,599,332
							43,372,853

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

HECM - 1.6%
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A1 (d)	4.580	%	06/25/48	$	3,482,371	$	3,494,071
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A2 (d)	5.875	%	06/25/48		3,000,000		2,972,276
Finance of America HECM, Series 2020-HB2, Class A (d)	1.710	%	07/25/30		5,894,924		5,902,982
Nationstar HECM Loan Trust, Series 2019-1A, Class A (d)	2.651	%	06/25/29		535,953		537,759
RiverView HECM Trust, Series 2007-1, Class A (1Y TREASURY + 50) (a)(d)	0.630	%	05/25/47		99,967		76,037
RMF Buyout Issuance Trust, Series 2020-1, Class M3 (d)	2.964	%	02/25/30		1,469,000		1,426,972
RMF Buyout Issuance Trust, Series 2020-2, Class M2 (d)	3.091	%	06/25/30		1,500,000		1,504,256
RMF Buyout Issuance Trust, Series 2020-2, Class M3 (d)	4.571	%	06/25/30		800,000		802,419
							16,716,772

Hospitality - 4.2%
Ashford Hospitality Trust, Series 2018-KEYS, Class A (1MO LIBOR + 100) (a)(d)	1.162	%	06/15/35	5,000,000	4,771,277
BHMS Mortgage Trust, Series 2018-ATLS, Class A (1MO LIBOR + 125) (a)(d)	1.402	%	07/16/35	4,400,000	4,219,189
BX Trust, Series 2018-GW, Class E (1MO LIBOR + 197) (a)(d)	2.123	%	05/15/37	500,000	456,124
BX Trust, Series 2019-OC11, Class C (d)	3.860	%	12/11/41	2,000,000	1,964,459
BX Trust, Series 2018-GW, Class A (1MO LIBOR + 80) (a)(d)	0.962	%	05/15/35	5,084,000	4,905,482
Champlain Housing Mortgage Trust, Series 2017-COSMO, Class B (1M LIBOR + 140) (a)(d)	1.552	%	11/17/36	3,600,000	3,473,566
Cosmopolitan Hotel Trust, Series 2017-COSMO, Class D (1MO LIBOR + 225) (a)(d)	2.412	%	11/15/36	4,900,000	4,654,188
Cosmopolitan Hotel Trust, Series 2017-COSMO, Class A (1MO LIBOR + 93) (a)(d)	1.092	%	11/17/36	4,000,000	3,864,528
Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class A (1MO LIBOR + 92) (a)(d)	1.072	%	07/16/35	2,823,081	2,683,262
Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class B (1MO LIBOR + 125) (a)(d)	1.402	%	07/16/35	5,621,826	5,257,996
Hawaii Hotel Trust, Series 2019-MAUI, Class A(1MO LIBOR +115) (a)(d)	1.302	%	05/17/38	2,245,000	2,172,380
Motel 6 Trust, Series 2017-MTL6, Class D (1M LIBOR +215) (a)(d)	2.312	%	08/15/34	4,975,177	4,831,619
					43,254,070
Industrial - 1.1%
BX Commercial Mortgage Trust, Series 2018-IND, Class A (1MO LIBOR + 75) (a)(d)	0.902	%	11/15/35	591,669	591,669
BX Commercial Mortgage Trust, Series 2019-XL, Class B (1MO LIBOR + 108) (a)(d)	1.232	%	10/15/36	5,581,871	5,571,371
BX Commercial Mortgage Trust, Series 2020-BXLP, Class D (1MO LIBOR + 125) (a)(d)	1.402	%	12/15/36	763,301	755,643
BX Commercial Mortgage Trust, Series 2020-BXLP, Class E (1MO LIBOR + 160) (a)(d)	1.752	%	12/15/36	4,296,068	4,242,206
					11,160,889

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Laboratory - 0.5%
CGDBB Commercial Mortgage Trust, Series 2017-BIOC, Class B (1MO LIBOR + 97) (a)(d)	1.122	%	07/15/32	$	4,019,591	$	4,012,197
KNDL Mortgage Trust, Series 2019-KNSQ, Class D (1MO LIBOR + 135) (a)(d)	1.512	%	05/15/36		1,250,000		1,244,614
							5,256,811
Manufactured Housing - 0.1%
Cascade Funding Mortgage Trust, Series 2019-MH1, Class M (d)	5.985	%	11/25/44		1,100,000		1,109,985
Mixed-Use - 0.4%
20 Times Square Trust, Series 2018-20TS, Class B (a)(d)	3.203	%	05/17/35		4,400,000		4,364,216
Multifamily - 3.6%
FREMF Mortgage Trust, Series 2018-KF50, Class B (1MO LIBOR + 190) (a)(d)	2.055	%	07/25/28		2,692,032		2,558,730
FREMF Mortgage Trust, Series 2019-KF57, Class B (2MO LIBOR + 225) (a)(d)	2.407	%	01/25/29		3,620,845		3,453,286
Multi Family Connecticut Avenue, Series 2019-01, Class B-10 (1MO LIBOR + 550) (a)(d)	5.648	%	10/15/49		3,000,000		2,490,167
Multi Family Connecticut Avenue, Series 2019-01, Class M-7 (1MO LIBOR + 170) (a)(d)	1.848	%	10/15/49		9,640,786		9,208,013
Multi Family Connecticut Avenue, Series 2020-01, Class CE (1MO LIBOR + 750) (a)(d)	7.648	%	03/25/50		1,500,000		1,260,059
Multi Family Connecticut Avenue, Series 2020-01, Class M-10 (1MO LIBOR + 375) (a)(d)	3.898	%	03/25/50		15,000,000		13,997,316
Multi Family Connecticut Avenue, Series 2020-01, Class M-7 (1MO LIBOR + 195) (a)(d)	2.098	%	03/25/50		4,383,033		4,246,597
							37,214,168
Non-Performing Loan - 0.2%
Volt LXXX LLC, Series 2019-NP6, Class A-1A (a)(d)	3.228	%	10/25/49		2,061,649		2,062,539

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Non-QM - 0.0% (b)
Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A3 (a)	3.807	%	08/25/34	$	6,797	$	6,694
Residential Transition Loan - 2.0%
Antler Mortgage Trust, Series 2019-RTL1, Class A1 (d)	4.458	%	06/27/22		6,836,988		6,831,693
Antler Mortgage Trust, Series 2018-RTL1, Class A2 (d)	4.703	%	07/25/22		2,608,515		2,576,574
Antler Mortgage Trust, Series 2019-RTL1, Class A2 (a)(d)	4.948	%	08/25/22		1,900,000		1,884,190
Antler Mortgage Trust, Series 2018-RTL1, Class M (d)	7.385	%	05/25/23		2,000,000		1,922,627
LHFC Depositor LLC, Series 2019-RLT1, Class A2 (d)	4.948	%	10/25/23		4,544,000		4,498,471
LHFC Depositor LLC, Series 2019-RLT1, Class M (d)	6.899	%	10/25/23		2,750,000		2,562,290
							20,275,845
Retail - 1.4%
BX Trust, Series 2018-EXCL, Class A (1MO LIBOR + 1088) (a)(d)	1.250	%	09/15/37		5,353,585		4,874,020
Citigroup Commercial Mortgage, Series 2017-MDRB, Class D (1MO LIBOR + 325) (a)(d)	3.402	%	07/15/30		9,650,000		9,026,745
							13,900,765

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Single Family Rental - 4.5%
American Homes 4 Rent, Series 2015-SFR2, Class D (d)	5.036	%	10/18/52	$	1,171,000	$	1,275,202
AMSR Trust, Series 2020-SFR2, Class G (d)	4.000	%	07/17/37		500,000		486,390
B2R Mortgage Trust, Series 2015-2, Class A (d)	3.336	%	11/15/48		6,244		6,240
Colony American Finance Ltd., Series 2015-1, Class E (d)	6.560	%	10/18/47		3,986,000		4,033,470
Colony American Finance Ltd., Series 2020-1, Class A1 (d)	1.832	%	03/17/50		8,905,634		9,002,975
Invitation Homes Trust, Series 2017-SFR2, Class D (1MO LIBOR + 180) (a)(d)	1.962	%	12/17/36		2,995,604		3,004,907
Invitation Homes Trust, Series 2018-SFR1, Class B (1MO LIBOR + 95) (a)(d)	1.112	%	03/17/37		6,700,000		6,635,435
Invitation Homes Trust, Series 2018-SFR1, Class E (1MO LIBOR + 200) (a)(d)	2.162	%	03/17/37		2,599,645		2,602,482
Invitation Homes Trust, Series 2018-SFR2, Class E (1MO LIBOR + 200) (a)(d)	2.162	%	06/17/37		3,500,000		3,503,833
Invitation Homes Trust, Series 2018-SFR3, Class A (1MO LIBOR + 100) (a)(d)	1.162	%	07/17/37		11,760,756		11,762,616
Invitation Homes Trust, Series 2018-SFR3, Class E (1MO LIBOR + 200) (a)(d)	2.162	%	07/17/37		3,500,000		3,502,325
							45,815,875

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Small Business - 5.8%
Credibly Asset Securitization LLC, Series 2018-1, Class A (d)	4.800	%	11/15/23	$	9,500,000	$	9,424,795
FORA Financial Asset Securitization LLC, Series 2019-1, Class B (d)	4.850	%	10/15/24		1,920,173		1,917,134
FORA Financial Asset Securitization LLC, Series 2019-1, Class C (d)	6.269	%	10/15/24		835,000		810,180
Kabbage Funding LLC, Series 2019-1, Class A (d)	3.825	%	03/15/24		378,052		374,807
Kabbage Funding LLC, Series 2019-1, Class C (d)	4.611	%	03/15/24		3,039,000		2,872,272
Kabbage Funding LLC, Series 2019-1, Class D (d)	5.688	%	03/15/24		1,800,000		1,170,000
Kabbage Funding LLC, Series 2019-1, Class B (a)(d)	4.071	%	03/15/24		1,000,000		987,714
Newtek Small Business Loan Trust, Series 2018-1, Class B (1MO LIBOR + 300) (a)(d)	3.175	%	02/25/44		3,098,684		2,816,293
Newtek Small Business Loan Trust, Series 2019-01, Class A (1MO LIBOR + 165) (a)(d)	2.350	%	12/25/44		3,322,995		3,285,435
OnDeck Asset Securitization Trust, Series 2018-1, Class C (d)	4.520	%	04/18/22		2,000,000		1,942,286
OnDeck Asset Securitization Trust, Series 2018-1, Class A (d)	3.500	%	04/18/22		89,766		89,860
OnDeck Asset Securitization Trust, Series 2019-1, Class D (d)(e)	4.020	%	11/18/24		5,650,000		3,955,000
OnDeck Asset Securitization Trust, Series 2019-1, Class E (d)(e)	5.150	%	11/18/24		3,950,000		1,975,000
SFS Asset Securitization LLC, Series 2019-1, Class A (d)	4.238	%	06/10/25		5,550,000		5,530,097
SFS Asset Securitization LLC, Series 2019-1, Class B (d)	5.023	%	06/10/25		2,000,000		1,908,434
SFS Asset Securitization LLC, Series 2019-1, Class C (d)	6.390	%	06/10/25		746,000		678,940
Small Business Lending Trust, Series 2019-A, Class A (d)	2.850	%	07/15/26		887,046		872,678
Small Business Lending Trust, Series 2019-A, Class C (d)(e)	4.310	%	07/15/26		4,700,000		3,990,401
Small Business Lending Trust, Series 2019-A, Class D (d)(e)	6.300	%	07/15/26		5,000,000		2,960,942
Small Business Lending Trust, Series 2020-A, Class A (d)	2.620	%	12/15/26		3,598,534		3,572,647

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Small Business - 5.8% (Continued)
Small Business Lending Trust, Series 2020-A, Class B (d)	3.200	%	12/15/26	$	1,800,000	$	1,689,029
Small Business Lending Trust, Series 2020-A, Class C (d)	5.010	%	12/15/26		9,800,000		6,878,814
							59,702,758
Specialty - 0.4%
BTH Mortgage-Backed Securities Trust, Series 2018-13, Class A (1MO LIBOR + 250) (a)	2.655	%	08/01/21		4,000,000		3,971,442
Student Loan - 1.2%
College Ave Student Loans, Series 2018-A, Class B (a)(d)	4.750	%	12/26/47		1,900,000		2,005,248
College Ave Student Loans, Series 2018-A, Class C (a)(d)	5.500	%	12/26/47		900,000		944,974
College Ave Student Loans, Series 2019-A, Class C (d)	4.460	%	12/28/48		4,000,000		4,145,700
CommonBond Student Loan Trust, Series 2017-BGS, Class C (d)	4.440	%	09/25/42		153,348		159,577
Earnest Student Loan Program LLC, Series 2016-C, Class A-2 (d)	2.680	%	07/25/35		1,962,129		1,975,274
Earnest Student Loan Program LLC, Series 2016-C, Class A1 (1MO LIBOR + 185) (a)(d)	1.998	%	10/27/36		541,356		543,297
Earnest Student Loan Program LLC, Series 2016-D, Class R (d)(e)	0.000	%	01/25/41		5,000		75,000
Laurel Road Prime Student Loan, Series 2019-A, Class BFX (d)	3.000	%	10/25/48		1,842,378		1,875,499
							11,724,569

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Unsecured Consumer - 22.7%
Avant Loans Funding Trust, Series 2019-A, Class A (d)	3.480	%	07/15/22	$	348,519	$	348,898
Avant Loans Funding Trust, Series 2020-REV1, Class A (d)	2.170	%	05/15/29		4,800,000		4,784,785
Consumer Lending Receivables Trust, Series 2019-A, Class A (d)	3.520	%	04/15/26		389,867		390,579
Consumer Lending Receivables Trust, Series 2019-A, Class CTF (d)(e)	0.000	%	04/15/26		150,000		2,209,815
Consumer Loan Bond Club Trust, Series 2018-P3, Class C (d)	5.540	%	01/15/26		3,000,000		2,969,759
Consumer Loan Underlying Bond Credit Trust, Series 2019-P1, Class C (d)	4.660	%	07/15/26		10,000,000		9,712,801
Consumer Loan Underlying Bond Credit Trust, Series 2019-P2, Class C (d)	4.410	%	10/15/26		5,573,000		5,384,811
Consumer Loan Underlying Bond Credit Trust, Series 2019-HP1, Class B (d)	3.480	%	12/15/26		5,000,000		5,022,212
Consumer Loan Underlying Bond Credit Trust, Series 2020-P1, Class C (d)	4.610	%	03/15/28		1,225,000		1,178,864
Freedom Financial, Series 2018-1, Class A (d)	3.610	%	07/18/24		181,004		181,145
Freedom Financial, Series 2018-1, Class B (d)	4.560	%	07/18/24		5,400,000		5,414,264
Freedom Financial, Series 2018-2, Class A (d)	3.990	%	10/20/25		623,181		623,871
Freedom Financial, Series 2018-2, Class C (d)	5.880	%	10/20/25		3,000,000		3,028,875
Freedom Financial, Series 2019-1, Class A (d)	3.420	%	06/18/26		52,748		52,777
Freedom Financial, Series 2019-1, Class B (d)	3.870	%	06/18/26		3,800,000		3,805,157
Freedom Financial, Series 2019-2, Class C (d)	4.860	%	11/18/26		5,500,000		5,326,261
Freedom Financial, Series 2020-FP1, Class B (d)	3.060	%	03/18/27		4,000,000		4,001,094
Freedom Financial, Series 2020-FP1, Class C (d)	4.370	%	03/18/27		2,250,000		2,165,878
Freedom Financial, Series 2020-2CP, Class A (d)	4.520	%	06/18/27		3,082,835		3,120,378
Freedom Financial, Series 2020-3FP, Class A (d)	2.400	%	09/20/27		2,997,598		3,002,391
Freedom Financial, Series 2020-3FP, Class B (d)	4.180	%	09/20/27		3,000,000		3,027,831
Freedom Financial, Series 2020-3FP, Class C (d)	6.960	%	09/20/27		2,500,000		2,545,298
LendingPoint Asset Securitization Trust, Series 2019-1, Class A (d)	3.154	%	08/15/25		748,944		749,424
LendingPoint Asset Securitization Trust, Series 2019-1, Class B (d)	3.613	%	08/15/25		1,676,000		1,678,621
LendingPoint Asset Securitization Trust, Series 2019-1, Class C (d)	4.504	%	08/15/25		2,000,000		1,965,031
LendingPoint Asset Securitization Trust, Series 2019-2, Class A (d)	3.071	%	11/10/25		1,805,564		1,808,849

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Unsecured Consumer - 22.7% (Continued)
LendingPoint Asset Securitization Trust, Series 2019-2, Class B (d)	3.725	%	11/10/25	$	2,000,000	$	2,003,186
LendingPoint Asset Securitization Trust, Series 2019-2, Class C (d)	4.660	%	11/10/25		4,141,000		4,057,252
LendingPoint Asset Securitization Trust, Series 2020-1, Class B (d)	3.107	%	02/10/26		3,725,000		3,725,303
LL ABS Trust, Series 2020-1, Class A (d)	2.330	%	07/15/22		6,350,000		6,362,205
LL ABS Trust, Series 2020-1, Class B (d)	3.790	%	03/15/23		1,650,000		1,661,979
LL ABS Trust, Series 2020-1, Class C (d)	6.540	%	11/15/23		2,200,000		2,251,645
LL ABS Trust, Series 2019-1, Class A (d)	2.870	%	03/15/27		1,655,571		1,662,648
LL ABS Trust, Series 2019-1, Class B (d)	3.520	%	03/15/27		5,550,000		5,503,019
LL ABS Trust, Series 2019-1, Class C (d)	5.070	%	03/15/27		4,500,000		4,331,311
Mariner Fianace Issuance Trust, Series 2020-A, Class D (d)	5.750	%	08/21/34		8,000,000		7,751,126
Mariner Finance Issuance Trust, Series 2018-A, Class C (d)	5.110	%	11/20/30		2,750,000		2,779,930
Mariner Finance Issuance Trust, Series 2018-A, Class D (d)	6.570	%	11/20/30		4,725,000		4,763,632
Mariner Finance Issuance Trust, Series 2019-A, Class C (d)	4.010	%	07/20/32		2,120,000		2,092,315
Marlette Funding Trust, Series 2019-4, Class B (d)	2.950	%	12/17/29		760,000		765,125
OneMain Financial Issuance Trust, Series 2020-2, Class A (d)	1.750	%	09/14/35		4,950,000		4,986,091
Oportun Funding VIII LLC, Series 2018-A, Class B (d)	4.450	%	03/08/24		4,600,000		4,613,274
Oportun Funding VIII LLC, Series 2018-A, Class C (d)	5.090	%	03/08/24		1,225,000		1,227,053
Oportun Funding X LLC, Series 2018-C, Class B (d)	4.590	%	10/08/24		3,000,000		3,020,832
Oportun Funding X LLC, Series 2018-C, Class D (d)	6.790	%	10/08/24		4,472,000		4,407,161
Oportun Funding XII LLC, Series 2018-D, Class B (d)	4.830	%	12/09/24		2,900,000		2,933,341
Oportun Funding XII LLC, Series 2018-D, Class D (d)	7.170	%	12/09/24		4,000,000		3,970,929
Prosper Marketplace Issuance Trust, Series 2019-1A, Class A (d)	3.540	%	04/15/25		15,640		15,648
Prosper Marketplace Issuance Trust, Series 2019-1A, Class B (d)	4.030	%	04/15/25		1,750,000		1,752,781

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued) Coupon Maturity Shares / Par Value Fair Value

Unsecured Consumer - 22.7% (Continued)
Prosper Marketplace Issuance Trust, Series 2019-1, Class C (d)	5.270	%	04/15/25	6,600,000	6,562,732
Prosper Marketplace Issuance Trust, Series 2019-3, Class B (d)	3.590	%	07/15/25	7,600,000	7,650,510
Prosper Marketplace Issuance Trust, Series 2019-3A, Class CERT (d)(e)	0.000	%	07/15/25	81,061,702	1,169,964
Prosper Marketplace Issuance Trust, Series 2019-4, Class B (d)	3.200	%	02/17/26	4,500,000	4,518,547
Prosper Marketplace Issuance Trust, Series 2019-4A, Class C (d)	4.950	%	02/17/26	6,886,000	6,842,313
Purchasing Power Funding, Series 2018-A, Class B (d)	3.580	%	08/15/22	3,000,000	2,997,943
Purchasing Power Funding, Series 2018-A, Class C (d)	3.780	%	08/15/22	2,800,000	2,777,564
Purchasing Power Funding, Series 2018-A, Class D (d)	4.660	%	08/15/22	2,000,000	1,528,476
Regional Management Issuance Trust, Series 2019-1, Class C (d)	4.110	%	11/15/28	2,000,000	1,965,379
Regional Management Issuance Trust, Series 2020-1, Class A (d)	2.500	%	10/15/30	2,000,000	1,999,894
Regional Management Issuance Trust, Series 2020-1, Class B (d)	3.540	%	10/15/30	2,500,000	2,499,558
Upgrade Master Pass-Thru Trust, Series 2019-ST1, Class A (d)	4.000	%	07/15/25	3,074,700	3,082,396
Upgrade Master Pass-Thru Trust, Series 2019-ST3, Class A (d)	3.750	%	11/15/25	1,868,701	1,877,778
Upgrade Receivables Trust, Series 2019-1, Class B (d)	4.090	%	03/15/25	1,925,248	1,929,940
Upstart Pass-Through Trust, Series 2020-ST1, Class A (d)	3.750	%	02/20/28	3,510,528	3,501,638
Upstart Pass-Through Trust, Series 2020-ST2, Class A (d)	3.500	%	03/20/28	3,332,563	3,295,935
Upstart Pass-Through Trust, Series 2020-ST3, Class A (d)	3.350	%	04/20/28	4,045,254	4,088,110
Upstart Securitization Trust, Series 2019-1, Class B (d)	4.190	%	04/20/26	1,505,003	1,509,436
Upstart Securitization Trust, Series 2019-2, Class A (d)	2.897	%	09/20/29	2,256,943	2,275,476
Upstart Securitization Trust, Series 2019-2, Class B (d)	3.734	%	09/20/29	11,625,000	11,581,561

Diamond Hill Short Duration Securitized Bond Fund

Schedule of Investments (Continued)

Securitized - 89.0% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Unsecured Consumer - 22.7% (Continued)
Upstart Securitization Trust, Series 2019-2, Class C (d)	4.783	%	09/20/29	$	5,587,000	$	5,471,723
Upstart Securitization Trust, Series 2019-3, Class B (d)	3.829	%	01/21/30		2,450,000		2,485,808
							232,750,136
Total Securitized (Cost $917,665,583)						$	910,777,300

Registered Investment Companies - 10.0%	Shares		Fair Value
State Street Institutional Liquid Reserves Fund, Premier Class, 0.11% (f)		102,080,496		102,100,912
State Street Navigator Securities Lending Portfolio I, 0.08% (f)(g)		105,750		105,750
Total Registered Investment Companies (Cost $102,104,728)			$	102,206,662
Total Investment Securities - 100.6% (Cost $1,035,939,836)			$	1,029,448,208
Liabilities in Excess of Other Assets - (0.6)%				(5,940,709	)
Net Assets - 100.0%			$	1,023,507,499

(a)	Variable rate security. The rate shown is the effective interest rate as of September 30, 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, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.
(b)	Percentage rounds to less than 0.1%.
(c)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $102,500.
(d)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2020 was $881,407,570, representing 86.1% of net assets.
(e)	Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2020 was $51,403,022 representing 5.0% of net assets.
(f)	The rate shown is the 7-day effective yield as of September 30, 2020.
(g)	This security was purchased with cash collateral held from securities on loan.

A/S -	Aktieselskab
IO -	Interest Only
LIBOR -	London Interbank Offered Rate
NA -	Societe Europaea
PO -	Principal Only
SOFR -	Secured Overnight Financing Rate

See accompanying notes to Schedules of Investments.

Diamond Hill Core Bond Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Corporate Credit - 16.8%	Coupon			Maturity		Shares / Par Value		Fair Value
Banking - 5.7%
Bank of America Corp.		2.881	%		04/24/23	$	100,000	$	103,408
Bank of America Corp.		3.458	%		03/15/25		425,000		460,606
Bank of America Corp.		2.015	%		02/13/26		400,000		415,101
Bank of America Corp.		1.319	%		06/19/26		150,000		150,904
Bank of America Corp. (a)		3.824	%		01/20/28		100,000		113,302
Bank of America Corp		2.592	%		04/29/31		250,000		263,997
Bank of New York Mellon Corp. (The) (b)		1.850	%		01/27/23		200,000		206,351
Bank of New York Mellon Corp. (The)		3.000	%		10/30/28		100,000		111,602
Bank of Nova Scotia		1.950	%		02/01/23		130,000		134,352
Canadian Imperial Bank of Commerce		2.606	%		07/22/23		100,000		103,633
Capital One Financial Corp.		2.600	%		05/15/23		200,000		209,291
Capital One Financial Corp.		3.750	%		07/28/26		100,000		108,711
Citigroup, Inc		0.000	%		05/15/24		500,000		512,210
Citigroup, Inc.		3.352	%		04/24/25		200,000		216,385
Citigroup, Inc.		3.300	%		04/27/25		100,000		110,094
Citigroup, Inc. (3MO LIBOR + 125) (a)		1.546	%		07/01/26		100,000		101,545
Citigroup, Inc.		4.125	%		07/25/28		150,000		172,428
Citigroup, Inc.		2.976	%		11/05/30		180,000		194,599
Citigroup, Inc. (a)		5.316	%		03/26/41		100,000		136,535
Citizens Financial Group		2.850	%		07/27/26		225,000		248,197
Comerica Bank		2.500	%		07/23/24		250,000		265,807
Cooperatieve Rabobank UA (c)		2.625	%		07/22/24		250,000		266,742
Discover Bank		2.700	%		02/06/30		250,000		261,420
Discover Financial Services		4.100	%		02/09/27		100,000		110,847
Fifth Third Bancorp (1MO LIBOR + 170) (a)(b)		2.375	%		01/28/25		275,000		291,180
First Tennessee Bank		5.750	%		05/01/30		250,000		282,254
Goldman Sachs Group, Inc. (3MO LIBOR + 111) (a)		1.354	%		04/26/22		50,000		50,207
Goldman Sachs Group, Inc.		3.500	%		01/23/25		205,000		224,886
Goldman Sachs Group, Inc.		3.500	%		04/01/25		250,000		275,837
Goldman Sachs Group, Inc.		3.500	%		11/16/26		350,000		386,746
Huntington Bancshares, Inc.		2.625	%		08/06/24		125,000		133,115
JPMorgan Chase & Co. (3MO LIBOR + 100) (a)		1.275	%		01/15/23		100,000		100,845
JPMorgan Chase & Co.		0.653	%		09/16/24		150,000		150,045
JPMorgan Chase & Co.		4.023	%		12/05/24		550,000		604,844
JPMorgan Chase & Co. (a)		3.782	%		02/01/28		100,000		113,051
JPMorgan Chase & Co. (a)		3.509	%		01/23/29		100,000		112,421

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 16.8% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Banking - 5.7% (Continued)
JPMorgan Chase & Co.	2.739	%	10/15/30	$	100,000	$	107,656
JPMorgan Chase & Co.	2.522	%	04/22/31		250,000		266,098
KeyCorp	2.550	%	10/01/29		385,000		409,007
Morgan Stanley	3.737	%	04/24/24		100,000		107,610
Morgan Stanley	3.700	%	10/23/24		100,000		110,835
Morgan Stanley	3.125	%	07/27/26		100,000		110,393
Morgan Stanley	3.625	%	01/20/27		100,000		112,962
Morgan Stanley	2.699	%	01/22/31		175,000		186,830
PNC Bank NA	1.743	%	02/24/23		250,000		254,503
PNC Bank NA	2.700	%	10/22/29		250,000		270,421
PNC Financial Services	2.600	%	07/23/26		250,000		272,912
Regions Financial Corp.	2.750	%	08/14/22		250,000		259,916
Regions Financial Corp.	2.250	%	05/18/25		275,000		290,054
Royal Bank of Canada	1.950	%	01/17/23		250,000		258,382
Royal Bank of Canada	1.150	%	06/10/25		365,000		369,633
State Street Corp.	2.354	%	11/01/25		175,000		185,206
SunTrust Bank	3.525	%	10/26/21		100,000		100,201
Toronto-Dominion Bank (The) (SOFR + 48) (a)	0.540	%	01/27/23		425,000		426,174
Truist Financial Corp. (b)	2.150	%	12/06/24		250,000		264,657
US Bancorp	2.400	%	07/30/24		350,000		372,480
Wells Fargo & Co.	3.550	%	09/29/25		425,000		472,549
Wells Fargo & Co.	2.188	%	04/30/26		275,000		286,833
Wells Fargo & Co.	2.393	%	06/02/28		250,000		260,720
							13,459,530
Basic Industry - 0.8%
Air Products and Chemicals, Inc.	1.850	%	05/15/27		475,000		498,625
FMC Corp.	3.450	%	10/01/29		300,000		335,565
Nucor Corp.	2.000	%	06/01/25		250,000		261,061
PPG Industries, Inc.	2.400	%	08/15/24		110,000		117,003
PPG Industries, Inc.	2.550	%	06/15/30		300,000		318,446
Sherwin-Williams Co.	2.300	%	05/15/30		250,000		260,891
							1,791,591
Brokerage Asset Managers Exchanges - 0.3%
Ameriprise Financial, Inc.	3.000	%	04/02/25		250,000		273,401
CBOE Holdings, Inc.	3.650	%	01/12/27		100,000		113,655
International Exchange, Inc.	0.700	%	06/15/23		275,000		275,758
							662,814

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 16.8% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Capital Goods - 0.3%
Carrier Global Corp. (c)	2.700	%	02/15/31	$	250,000	$	260,268
General Electric Capital Corp.	6.750	%	03/15/32		100,000		125,706
L3 Harris Technologies, Inc.	3.850	%	12/15/26		50,000		57,483
Lennox International, Inc.	3.000	%	11/15/23		100,000		105,455
Republic Services, Inc.	2.500	%	08/15/24		200,000		212,846
							761,758
Communications - 1.3%
American Tower Corp.	2.250	%	01/15/22		50,000		51,145
American Tower Corp.	3.800	%	08/15/29		100,000		114,467
American Tower Corp.	2.100	%	06/15/30		100,000		100,969
AT&T, Inc.	3.800	%	02/15/27		100,000		112,730
AT&T, Inc.	2.300	%	06/01/27		650,000		681,844
AT&T, Inc.	4.500	%	05/15/35		100,000		117,954
British Telecommunications plc (b)(c)	3.250	%	11/08/29		275,000		295,018
Comcast Corp.	2.650	%	02/01/30		100,000		109,053
Comcast Corp.	1.950	%	01/15/31		250,000		256,693
Comcast Corp.	3.969	%	11/01/47		144,000		170,567
Deutsche Telekom International Finance (c)	4.750	%	06/21/38		100,000		127,148
Twenty-First Century Fox, Inc.	4.030	%	01/25/24		50,000		55,039
Verizon Communications, Inc. (3MO LIBOR + 110) (a)	1.380	%	05/15/25		100,000		102,156
Verizon Communications, Inc.	4.125	%	03/16/27		100,000		117,987
Verizon Communications, Inc.	3.000	%	03/22/27		120,000		133,532
Verizon Communications, Inc.	5.500	%	03/16/47		100,000		150,457
Walt Disney Co. (The)	1.750	%	08/30/24		175,000		182,154
Walt Disney Co. (The)	3.800	%	03/22/30		100,000		118,556
							2,997,469
Consumer Cyclical - 0.8%
BMW US Capital, LLC (c)	3.900	%	04/09/25		300,000		335,402
CVS Health Corp.	5.050	%	03/25/48		250,000		317,927
Daimler Finance LLC (c)	1.750	%	03/10/23		275,000		280,432
Ford Motor Co. (b)	4.346	%	12/08/26		100,000		98,706
Ford Motor Co.	7.450	%	07/16/31		75,000		86,011
General Motors Financial Co., Inc.	3.200	%	07/06/21		35,000		35,529
General Motors Financial Co., Inc.	4.000	%	10/06/26		100,000		107,311
Home Depot, Inc. (The)	3.500	%	09/15/56		100,000		117,371
Volkswagen AG (c)	2.500	%	09/24/21		200,000		203,708
Walgreens Boots Alliance, Inc. (b)	3.200	%	04/15/30		250,000		261,852
							1,844,249

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 16.8% (Continued) Coupon Maturity Shares / Par Value Fair Value

Consumer Non-Cyclical - 1.2%
Abbott Laboratories	4.750	%	11/30/36	$	100,000	$	133,651
AbbVie, Inc. (c)	2.950	%	11/21/26		335,000		364,925
AbbVie, Inc. (c)	4.550	%	03/15/35		100,000		122,229
Amgen, Inc.	2.650	%	05/11/22		140,000		144,735
Amgen, Inc.	1.900	%	02/21/25		310,000		324,142
Anheuser-Busch Cos., LLC	4.700	%	02/01/36		100,000		120,632
Anheuser-Busch InBev SA/NV	4.750	%	01/23/29		100,000		121,559
Anheuser-Busch InBev SA/NV (b)	3.500	%	06/01/30		600,000		682,183
Kimberly-Clark Corp.	3.950	%	11/01/28		100,000		120,108
Kroger Co. (The)	2.650	%	10/15/26		100,000		109,241
Kroger Co. (The)	2.200	%	05/01/30		125,000		131,170
Zoetics, Inc.	2.000	%	05/15/30		525,000		540,351
							2,914,926
Electric - 1.1%
Ameren Corp.	2.500	%	09/15/24		130,000		137,673
CMS Energy Corp.	2.950	%	02/15/27		100,000		106,461
DTE Energy Co., Series C (a)	2.590	%	10/01/24		150,000		159,430
DTE Energy Co., Series E	2.850	%	10/01/26		100,000		108,364
DTE Energy Co., Series H	2.950	%	03/01/30		125,000		134,447
Duke Energy Indiana LLC	2.750	%	04/01/50		370,000		378,081
Georgia Power Co., Series 2020-A	2.100	%	07/30/23		230,000		240,080
MidAmerican Energy Co.	3.650	%	04/15/29		350,000		416,757
Northern States Power Co. of Minnesota	2.900	%	03/01/50		125,000		133,517
Oncor Electric Delivery Co. LLC	3.700	%	05/15/50		240,000		288,130
PECO Energy Co. (b)	3.000	%	09/15/49		200,000		212,984
PPL Electric Utilities	3.000	%	10/01/49		160,000		171,968
Public Service Electric & Gas Co.	2.250	%	09/15/26		100,000		107,459
Southwestern Electric Power	2.750	%	10/01/26		100,000		107,612
							2,702,963

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 16.8% (Continued) Coupon Maturity Shares / Par Value Fair Value

Energy - 1.4%
BP Capital Markets plc	3.194	%	04/06/25	$	175,000	$	192,443
Chevron Corp.	1.995	%	05/11/27		500,000		528,569
Cimarex Energy Co.	3.900	%	05/15/27		100,000		100,736
Diamondback Energy, Inc.	3.250	%	12/01/26		200,000		200,249
Energy Transfer Operating LP	4.500	%	04/15/24		75,000		79,431
Exxon Mobil Corp.	2.992	%	03/19/25		240,000		262,840
Occidental Petroleum Corp.	2.700	%	08/15/22		206,000		192,480
Phillips 66 Partners LP	3.700	%	04/06/23		250,000		267,598
Phillips 66 Partners LP	2.450	%	12/15/24		100,000		102,865
Phillips 66 Partners LP	3.550	%	10/01/26		100,000		105,477
Royal Dutch Shell plc	2.375	%	11/07/29		320,000		338,178
Shell International Finance BV	6.375	%	12/15/38		73,000		108,436
Suncor Energy, Inc.	2.800	%	05/15/23		300,000		314,484
Total Capital International SA (b)	2.829	%	01/10/30		120,000		132,597
Valero Energy Corp.	2.700	%	04/15/23		250,000		259,386
Valero Energy Corp.	3.400	%	09/15/26		100,000		107,433
							3,293,202
Insurance - 1.5%
Athene Global Funding (c)	2.500	%	01/14/25		225,000		231,877
Berkshire Hathaway Financial (b)	1.850	%	03/12/30		250,000		261,149
Jackson National Life Global Funding (3MO LIBOR + 48) (a)(c)	0.730	%	06/11/21		50,000		50,128
Jackson National Life Global Funding (c)	2.100	%	10/25/21		50,000		50,930
Lincoln National Corp.	3.625	%	12/12/26		100,000		112,850
Met Life Global Funding I (c)	1.950	%	01/13/23		200,000		206,779
Met Life Global Funding I (c)	0.900	%	06/08/23		250,000		252,674
New York Life Global Funding (c)	2.900	%	01/17/24		100,000		107,141
New York Life Global Funding (c)	2.350	%	07/14/26		50,000		53,850
Pricoa Global Funding (b)(c)	3.450	%	09/01/23		160,000		173,167
Principal Life Global Funding II (c)	2.375	%	11/21/21		100,000		102,438
Principal Life Global Funding II (c)	1.250	%	06/23/25		525,000		533,987
Progressive Corp.	3.200	%	03/26/30		240,000		274,738
Protective Life Global Funding (c)	1.737	%	09/21/30		1,100,000		1,088,875
							3,500,583
Natural Gas - 0.1%
Atmos Energy Corp. (b)	2.625	%	09/15/29		310,000		342,422
Other Utility - 0.1%
American Water Capital Corp.	2.800	%	05/01/30		300,000		328,380

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 16.8% (Continued) Coupon Maturity Shares / Par Value Fair Value

REITS - 1.0%
Alexandria Real Estate Equities, Inc.	3.950	%	01/15/28	$	100,000	$	115,040
American Campus Communities, Inc.	3.625	%	11/15/27		100,000		106,422
American Homes 4 Rent	4.250	%	02/15/28		100,000		113,294
Boston Properties LP	2.750	%	10/01/26		50,000		53,559
CubeSmart LP	3.125	%	09/01/26		50,000		54,151
CubeSmart LP	3.000	%	02/15/30		280,000		300,361
CubeSmart LP	2.000	%	02/15/31		200,000		197,187
ERP Operating LP	2.850	%	11/01/26		100,000		110,583
ERP Operating LP	2.500	%	02/15/30		150,000		159,176
Life Storage LP	3.875	%	12/15/27		100,000		111,834
Realty Income Corp.	3.875	%	04/15/25		100,000		113,268
Realty Income Corp.	3.000	%	01/15/27		100,000		108,824
Simon Property Group LP	2.000	%	09/13/24		320,000		329,841
Spirit Realty LP	4.450	%	09/15/26		100,000		107,277
Spirit Realty LP	4.000	%	07/15/29		60,000		62,375
Spirit Realty LP	3.200	%	02/15/31		250,000		243,796
							2,286,988
Technology - 0.5%
Apple, Inc.	3.000	%	06/20/27		100,000		112,760
Apple, Inc.	2.200	%	09/11/29		250,000		268,677
Apple, Inc.	1.650	%	05/11/30		300,000		310,115
Dell International LLC (c)	5.300	%	10/01/29		100,000		114,551
Oracle Corp.	2.800	%	04/01/27		300,000		329,137
							1,135,240

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Corporate Credit - 16.8% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Transportation - 0.7%
Alaska Airlines, Series 2020-1B, Class A (c)	4.800	%	08/15/27	$	150,000	$	157,065
American Airlines Pass-Through Trust, Series 2016-2, Class AA	3.200	%	12/15/29		374,400		351,829
CSX Corp.	4.250	%	11/01/66		100,000		124,004
FedEx Corp.	1.875	%	02/20/34		525,000		532,350
Kirby Corp.	4.200	%	03/01/28		100,000		103,747
Southwest Airlines Co.	3.000	%	11/15/26		100,000		100,233
U.S. Airways Pass-Through Trust, Series 2011-1, Class A	7.125	%	04/22/25		34,632		29,506
United Airlines Pass-Through Trust, Series 2013-1, Class B	5.375	%	02/15/23		179,459		172,669
United Airlines Pass-Through Trust, Series 2007-1, Class A	6.636	%	01/02/24		26,658		24,794
							1,596,197
Total Corporate Credit (Cost $37,283,991)						$	39,618,312

Government Related - 0.6%	Coupon			Maturity		Shares / Par Value		Fair Value
Government Guaranteed - 0.2%
Tunisian Republic		1.416	%		08/05/21		500,000		495,103
Government Owned, No Guarantee - 0.4%
Tennessee Valley Authority		4.625	%		09/15/60		525,000		825,293
Total Government Related (Cost $1,274,765)								$	1,320,396

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5%	Coupon			Maturity		Shares / Par Value		Fair Value
ABS-Other - 2.0%
BXG Receivables Note Trust, Series 2012-A, Class B (c)		3.990	%		12/02/27	$	20,100	$	20,099
Diamond Resorts Owner Trust, Series 2019-1, Class B (c)		3.530	%		02/20/32		197,135		199,370
FMC GMSR Issuer Trust, Series 2019-GT2, Class A (c)		4.230	%		09/25/24		400,000		391,200
Gold Key Resorts LLC, Series 2014-A, Class A (c)		3.220	%		03/17/31		22,976		23,094
GoodGreen Trust, Series 2017-1A, Class A (c)		3.740	%		10/15/52		85,745		90,419
GoodGreen Trust, Series 2020-1A, Class A (c)		2.630	%		04/15/55		449,291		455,371
Helios Issuer LLC, Series 2019-AA, Class A (c)		3.750	%		06/20/46		124,707		130,285
Helios Issuer LLC, Series 2020-4, Class A (c)		2.980	%		06/20/47		284,288		295,783
Hero Funding Trust, Series 2016-2A, Class A (c)		3.750	%		09/20/41		84,940		87,922
Hero Funding Trust, Series 2016-3A, Class A1 (c)		3.080	%		09/20/42		146,099		148,117
Hero Funding Trust, Series 2016-3B, Class B (c)		5.240	%		09/20/42		16,536		16,715
Hero Funding Trust, Series 2016-1R, Class A1 (c)		4.500	%		09/21/42		2,371		2,380
Hero Funding Trust, Series 2016-4A, Class A1 (c)		3.570	%		09/20/47		82,268		85,594
Hero Funding Trust, Series 2016-4B, Class B (c)		4.990	%		09/20/47		30,337		31,009
Hero Funding Trust, Series 2017-3A, Class A1 (a)(c)		3.190	%		09/20/48		82,384		84,889
Hero Funding Trust, Series 2018-1A, Class A2 (c)		4.670	%		09/20/48		89,348		95,860
Hilton Grand Vacations Trust, Series 2020-A, Class B (c)		4.220	%		02/25/39		318,845		336,544
Holiday Inn Timeshare Trust, Series 2020-A, Class C (c)		3.420	%		10/09/39		225,000		225,388
Mill City Solar Loan Ltd., Series 2019-2GS, Class A (c)		3.690	%		07/20/43		199,618		209,454
Mosaic Solar Loans LLC, Series 2018-1, Class A (c)		4.010	%		06/22/43		120,512		127,259
Mosaic Solar Loans LLC, Series 2017-2, Class B (c)		4.770	%		06/22/43		72,168		75,172
Mosaic Solar Loans LLC, Series 2020-1, Class A (c)		2.100	%		04/20/46		332,589		338,938
PNMAC GMSR Issuer Trust, Series 2018-GT2, Class NT (1MO LIBOR + 265) (a)(c)		2.825	%		08/25/23		400,000		385,935

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

ABS-Other - 2.0% (Continued)
Renew Financial LLC, Series 2017-1, Class A (c)	3.670	%	09/20/52	$	98,526	$	102,281
Renew Financial LLC, Series 2017-1, Class B (a)(c)	5.750	%	09/20/52		42,887		44,249
Renew Financial LLC, Series 2017-2, Class A (c)	3.220	%	09/22/53		56,492		58,095
TES LLC, Series 2017-1, Class A (c)	4.330	%	10/20/47		288,612		294,373
Westgate Resorts, Series 2018-1, Class B (c)	3.580	%	12/20/31		109,377		108,387
Westgate Resorts, Series 2018-1, Class C (c)	4.100	%	12/20/31		109,377		107,796
Westgate Resorts, Series 2020-1, Class B (c)	3.963	%	03/20/34		192,374		197,339
							4,769,317
Agency CMBS - 0.9%
FNMA, Pool #FN AE0834 (a)	3.609	%	01/01/21		5,509		5,507
FNMA, Series 2019-M21, Class 1A1	1.950	%	04/25/28		565,486		588,213
FNMA, Pool #FN 464107	4.820	%	12/01/29		132,032		154,744
FNMA, Pool #FN AM9491	3.550	%	08/01/30		175,017		205,688
FNMA, Pool #FN 469130 (a)	4.870	%	10/01/41		130,401		151,638
FNMA, Pool #FN AM5015 (a)	4.940	%	12/01/43		770,371		923,181
							2,028,971

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Agency MBS CMO - 22.7%
FHLMC, Pool #FG S20432, Series 306, Class F3 (PO) (1MO LIBOR + 30) (a)	0.452	%	05/15/28	$	96,186	$	94,585
FHLMC, Series 2018-1, Class A2 (c)	3.500	%	06/25/28		200,000		220,021
FHLMC, Series 2646, Class ZH	5.000	%	07/15/33		117,751		154,390
FHLMC, Series 4265, Class FD (1MO LIBOR + 40) (a)	0.552	%	01/15/35		388,659		390,850
FHLMC, Series 2006-71, Class ZH	6.000	%	07/25/36		448,137		533,713
FHLMC, Series 4613, Class AF (1MO LIBOR + 110) (a)	1.252	%	11/15/37		115,780		117,376
FHLMC, Series 3605, Class PB	4.500	%	11/15/39		100,000		112,574
FHLMC, Series 3617, Class PC	4.500	%	12/15/39		109,000		124,301
FHLMC, Series 3740, Class FC (1MO LIBOR + 50) (a)	0.652	%	10/15/40		170,086		171,363
FHLMC, Series 3811, Class TA (a)	5.000	%	02/15/41		262,142		313,283
FHLMC, Series 3895, Class BF (1MO LIBOR + 50) (a)	0.652	%	07/15/41		130,641		131,804
FHLMC, Series 4116, Class UB	2.500	%	05/15/42		440,000		444,177
FHLMC, Series 4074, Class JY	2.500	%	07/15/42		475,000		506,512
FHLMC, Series 4165, Class ZT	3.000	%	02/15/43		560,349		561,266
FHLMC, Series 4180, Class ZB	3.000	%	03/15/43		811,213		815,859
FHLMC, Series 4210, Class Z	3.000	%	05/15/43		370,852		371,404
FHLMC, Series 4447, Class YZ	4.000	%	08/15/43		1,494,745		1,690,589
FHLMC, Series 4333, Class GL	3.500	%	04/15/44		250,000		296,217
FHLMC, Series 4408, Class BC	3.000	%	11/15/44		1,020,410		1,105,940
FHLMC, Series 4830, Class DA	4.500	%	11/15/44		108,026		109,334
FHLMC, Series 4731, Class EA	3.000	%	10/15/45		344,425		364,827
FHLMC, Series 4738, Class TW	3.000	%	11/15/46		1,385,000		1,522,416
FHLMC, Series 4736, Class CL	3.000	%	12/15/47		441,240		497,482
FHLMC, Series 4941, Class NW	2.500	%	05/25/49		758,520		796,307
FHLMC, Series 4911, Class JM	3.500	%	09/25/49		1,000,000		1,171,617
FHLMC, Series 5011, Class DB	2.000	%	09/25/50		262,000		250,583
FHLMC, Series 4377, Class KZ (a)	3.500	%	02/15/52		771,156		878,460
FNMA, Series 2010-155, Class JH	4.000	%	12/25/28		120,000		135,818
FNMA, Series 2013-35, Class YT	6.500	%	09/25/32		316,841		373,301
FNMA, Series 2012-129, Class HT	2.000	%	12/25/32		142,654		143,932
FNMA, Series 2002-86, Class PG	6.000	%	12/25/32		82,125		98,012
FNMA, Series 2004-56, Class Z	7.500	%	03/25/34		164,513		200,586
FNMA, Series 2004-17, Class BA	6.000	%	04/25/34		204,117		270,933
FNMA, Series 2005-3, Class CG	5.500	%	02/25/35		190,120		221,291
FNMA, Series 2005-62, Class ZL	5.500	%	07/25/35		344,113		399,910

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Agency MBS CMO - 22.7% (Continued)
FNMA, Series 2006-56, Class DC (1MO LIBOR + 65) (a)	0.798	%	07/25/36	$	139,911	$	140,633
FNMA, Series 2009-19, Class TD	5.000	%	08/25/36		115,593		131,872
FNMA, Series 2006-108, Class FD (1MO LIBOR + 38) (a)	0.528	%	11/25/36		169,676		171,220
FNMA, Series 2007-39, Class NB	4.250	%	05/25/37		164,778		181,282
FNMA, Series 2008-60, Class JC	5.000	%	07/25/38		253,189		291,090
FNMA, Series 2009-103, Class MB (a)	3.600	%	12/25/39		60,716		63,285
FNMA, Series 2010-2, Class LC	5.000	%	02/25/40		200,000		243,061
FNMA, Series 2011-14, Class PB	5.000	%	03/25/41		570,000		682,134
FNMA, Series 2011-57, Class PD	4.000	%	07/25/41		321,407		383,265
FNMA, Series 2011-62, Class UA	4.500	%	07/25/41		1,145,843		1,302,891
FNMA, Series 2012-9, Class FC (1MO LIBOR + 40) (a)	0.548	%	02/25/42		166,948		168,060
FNMA, Series 2012-52, Class PQ	3.500	%	05/25/42		965,989		1,093,907
FNMA, Series 2012-56, Class WC	3.500	%	05/25/42		600,000		688,205
FNMA, Series 2012-79, Class QB	2.000	%	07/25/42		363,000		373,656
FNMA, Series 411, Class A3	3.000	%	08/25/42		61,445		64,718
FNMA, Series 12 84, Class JL	2.000	%	08/25/42		270,937		269,008
FNMA, Series 2012-99, Class UY (a)	2.500	%	09/25/42		329,000		351,396
FNMA, Series 2016-32, Class GO (PO)	0.000	%	01/25/43		451,549		380,662
FNMA, Series 2013-35, Class LP	3.000	%	01/25/43		352,000		388,662
FNMA, Series 2013-35, Class CV	3.000	%	02/25/43		350,000		390,340
FNMA, Series 13 6, Class QA	2.500	%	02/25/43		846,133		844,083
FNMA, Series 13 31, Class NT	3.000	%	04/25/43		191,624		193,499
FNMA, Series 2013-54, Class HQ	3.000	%	06/25/43		99,231		100,331
FNMA, Series 2013-104, Class CY	5.000	%	10/25/43		250,000		318,500
FNMA, Series 2013-115, Class PB	4.500	%	11/25/43		300,000		381,533
FNMA, Series 4473, Class Z	3.000	%	05/15/45		375,449		418,590
FNMA, Series 2017-16, Class UW	3.000	%	07/25/45		2,044,494		2,268,844
FNMA, Series 2016-68, Class AL	3.000	%	10/25/46		850,000		937,863
FNMA, Series 2017-90, Class ZD	3.500	%	11/25/47		2,214,622		2,376,410
FNMA, Series 2018-08, Class DZ	3.500	%	02/25/48		1,097,678		1,170,608
FNMA, Series 2018-31, Class KB	3.500	%	05/25/48		247,826		274,225
FNMA, Series 2018-66, Class PZ	4.000	%	09/25/48		520,943		580,226
FNMA, Series 2019-01, Class MH	3.000	%	02/25/49		661,099		697,792
FNMA, Series 2019-8, Class ZD	3.500	%	03/25/49		528,448		593,997
FNMA, Series 2019-40, Class PL	4.000	%	07/25/49		318,000		375,082
FNMA, Series 2019-60, Class WZ	2.750	%	10/25/49		538,320		568,463
FNMA, Series 2019-83, Class EB	2.000	%	01/25/50		171,000		164,700
GNMA, Series 2018-139, Class DV	3.500	%	01/20/30		513,510		544,488

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Agency MBS CMO - 22.7% (Continued)
GNMA, Series 2004-49, Class MZ	6.000	%	06/20/34	$	378,197	$	454,559
GNMA, Series 2005-13, Class BG	5.000	%	02/20/35		290,000		329,697
GNMA, Series 2015-123, Class VB	3.500	%	09/20/35		100,000		107,697
GNMA, Series 2006-17, Class JN	6.000	%	04/20/36		260,110		300,156
GNMA, Series 2008-51, Class PH	5.250	%	06/20/38		167,346		188,958
GNMA, Series 2009-2, Class PA	5.000	%	12/20/38		125,415		138,427
GNMA, Series 2010-9, Class FA (1MO LIBOR + 52) (a)	0.682	%	01/16/40		166,698		167,910
GNMA, Series 2010-105, Class ZC	4.500	%	08/16/40		471,861		555,499
GNMA, Series 2013-22, Class GA (a)	2.500	%	10/20/41		48,076		48,972
GNMA, Series 2012-74, Class LY (a)	2.500	%	06/20/42		318,000		335,438
GNMA, Series 2012-134, Class KM	2.000	%	09/20/42		342,000		344,680
GNMA, Series 2012-113, Class NZ (a)	4.500	%	09/20/42		260,690		310,632
GNMA, Series 2012-143, Class EG	2.000	%	12/20/42		921,457		926,622
GNMA, Series 2013-5, Class GY	3.000	%	01/20/43		437,000		497,790
GNMA, Series 2013-6, Class PE	2.000	%	01/20/43		100,000		99,970
GNMA, Series 2015-179, Class ZB	2.500	%	02/20/45		55,504		58,375
GNMA, Series 2016-37, Class YA	3.000	%	12/20/45		1,052,898		1,139,256
GNMA, Series 2016-38, Class ZP	3.500	%	03/20/46		70,219		79,944
GNMA, Series 2016-111, Class HA	2.500	%	08/20/46		164,037		173,999
GNMA, Series 2016-118, Class LB	3.000	%	09/20/46		500,000		543,813
GNMA, Series 2016-120, Class YZ	3.000	%	09/20/46		500,000		540,843
GNMA, Series 2018-013, Class GD	3.000	%	01/20/48		103,933		105,041
GNMA, Series 2018-006, Class JY	2.750	%	01/20/48		284,000		293,130
GNMA, Series 2018-14, Class MZ	3.000	%	01/20/48		373,697		386,901
GNMA, Series 2019-20, Class JK	3.500	%	02/20/49		323,379		345,491
GNMA, Series 2019-22, Class WD	3.000	%	02/20/49		228,014		230,683
GNMA, Series 2019-031, Class AZ	5.000	%	03/20/49		310,749		364,268
GNMA, Series 2019-86, Class WL	3.000	%	07/20/49		500,000		551,416
GNMA, Series 2019-99, Class EW	3.000	%	08/20/49		540,446		564,734
GNMA, Series 2019-99, Class GP	3.500	%	08/20/49		517,000		583,580
GNMA, Series 2019-162, Class GB	3.000	%	12/20/49		450,000		476,414
GNMA, Series 2020-011, Class KB	2.500	%	01/20/50		257,000		255,398
GNMA, Series 2020-11, Class PB	2.500	%	01/20/50		531,000		543,123
GNMA, Series 2020-015, Class HL	2.500	%	02/20/50		1,385,112		1,451,175
GNMA, Series 2020-078, Class B	2.500	%	06/20/50		350,000		365,959
GNMA, Series 2020-097, Class ML	2.500	%	07/20/50		1,975,000		2,123,825
GNMA, Series 2017-H18, Class EB (12MO LIBOR + 22) (a)	4.221	%	06/20/63		376,644		399,899
GNMA, Series 2014-H15, Class FA (1MO LIBOR + 50) (a)	0.655	%	07/20/64		93,596		93,848

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Agency MBS CMO - 22.7% (Continued)
GNMA, Series 2014-H14, Class FA (1MO LIBOR + 50) (a)	0.664	%	07/20/64	$	331,206	$	331,558
GNMA, Series 2016-H11, Class FD (12MO LIBOR + 40) (a)	1.402	%	05/20/66		270,100		271,660
GNMA, Series 2017-H16, Class DB (a)	4.552	%	08/20/67		276,029		289,493
							53,530,447

Agency MBS CMO Derivatives - 5.0%
FHLMC, Series 3994, Class EI (IO)	3.000	%	02/15/22	141,978	1,921
FHLMC, Series 3874, Class KI (IO)	4.500	%	08/15/25	34,858	148
FHLMC, Series 3919, Class QS (IO) (-1 * 1MO LIBOR + 670) (a)	6.548	%	08/15/30	2,591,873	387,832
FHLMC, Series 4214, Class CI (IO)	3.000	%	06/15/31	1,230,500	44,156
FHLMC, Series 4114, Class IM (IO)	3.500	%	07/15/31	2,040,379	106,267
FHLMC, Series 4169, Class SA (-1.2 * 1MO LIBOR + 546) (a)	5.273	%	02/15/33	1,221,678	1,312,084
FHLMC, Series 226, Class PO (PO)	0.000	%	02/01/34	189,377	178,046
FHLMC, Series 3107, Class DC (IO) (-1 * 1MO LIBOR + 670) (a)	6.548	%	06/15/35	3,297,586	258,092
FHLMC, Series 3102, Class TA (IO)	7.500	%	01/15/36	267,133	313,440
FHLMC, Series 3607, Class AO (PO)	0.000	%	04/15/36	124,708	115,202
FHLMC, Series 237, Class S14 (IO) (-1 * 1MO LIBOR + 660) (a)	6.448	%	05/15/36	538,578	111,101
FHLMC, Series 3199, Class OC (PO)	0.000	%	08/15/36	192,215	179,143
FHLMC, Series 3318, Class AO (PO)	0.000	%	05/15/37	5,686	5,404
FHLMC, Series 379, Class I (PO)	0.000	%	05/25/37	70,578	66,173
FHLMC, Series 3607, Class OP (PO)	0.000	%	07/15/37	418,345	383,779
FHLMC, Series 3594, Class SP (IO) (1MO LIBOR + 184.6) (a)	1.998	%	12/15/37	30,252	32,198
FHLMC, Series 4006, Class IA (IO)	4.500	%	09/15/41	799,264	89,249
FHLMC, Series 4116, Class LI (IO)	4.500	%	02/15/42	2,745,051	350,945
FHLMC, Series 4074, Class SJ (IO) (-1 * 1MO LIBOR + 662) (a)	6.468	%	07/15/42	1,391,438	319,460
FHLMC, Pool #S0-6050, Class (PO)	0.000	%	08/15/42	337,691	312,106
FHLMC, Pool #S0-6829 (PO)	0.000	%	09/15/43	512,611	467,217
FNMA, Series 2012-128, Class EI (IO)	3.500	%	11/25/27	616,232	42,258
FNMA, Series 2012-148, Class IA (IO)	4.000	%	01/25/28	332,131	27,867
FNMA, Series 2004-91, Class SP (-2.40 * 1MO LIBOR + 1680) (a)	16.444	%	11/25/31	267,186	383,585
FNMA, Series 2013-89, Class DI (IO)	4.000	%	08/25/33	2,799,405	299,448
FNMA, Series 348, Class II (IO)	6.000	%	01/25/34	113,714	25,586
FNMA, Series 2015-82, Class AI (IO)	3.500	%	06/25/34	1,544,530	127,110
FNMA, Series 2005-45, Class PQ (IO) (-1 * 1MO LIBOR + 550) (a)	5.352	%	10/25/34	322,676	26,850
FNMA, Series 390, Class 32 (IO)	6.500	%	12/25/34	179,802	35,985
FNMA, Series 384, Class 11 (IO)	5.000	%	03/25/35	963,150	164,384
FNMA, Series 2016-28, Class DI (IO)	3.500	%	03/25/35	1,529,691	133,355

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Agency MBS CMO Derivatives - 5.0% (Continued)
FNMA, Series 2005-52, Class JH (IO) (-1 * 1MO LIBOR + 660) (a)	6.452	%	05/25/35	$	503,166	$	84,587
FNMA, Series 378, Class (IO)	5.000	%	06/01/35		983,030		167,407
FNMA, Series 2016-24, Class KI (IO)	3.500	%	07/25/35		733,977		72,689
FNMA, Series 368, Class (IO)	5.000	%	02/01/36		813,226		112,741
FNMA, Series 2006-96, Class MO (PO)	0.000	%	10/25/36		68,922		66,421
FNMA, Series 398, Class C5 (IO)	5.000	%	05/25/39		1,158,965		194,328
FNMA, Series 2013-120, Class JI (IO)	4.000	%	02/25/40		676,546		27,914
FNMA, Series 2010-44, Class CS (IO) (-1 * 1MO LIBOR + 655) (a)	6.402	%	05/25/40		114,776		17,898
FNMA, Series 2012-63, Class NI (IO)	4.000	%	06/25/40		1,964,329		99,533
FNMA, Series 2011-14, Class PI (IO)	5.000	%	06/25/40		110,491		5,980
FNMA, Series 2012-100, Class MI (IO)	4.500	%	12/25/40		595,859		36,123
FNMA, Series 409, Class C1	4.000	%	04/01/42		2,220,029		309,930
FNMA, Series 2012-128, Class SH (1MO LIBOR + 400) (a)	3.852	%	11/25/42		532,993		524,243
FNMA, Series 2016-30, Class IN (IO)	3.500	%	02/25/43		3,250,124		226,593
FNMA, Series 2003-W10, Class 3IO (IO) (a)	0.653	%	06/25/43		12,956,937		243,865
FNMA, Series 2013-82, Class SB (-2.67 * 1MO LIBOR + 1173) (a)	11.318	%	08/25/43		350,236		483,144
FNMA, Series 2013-101, Class DO (PO)	0.000	%	10/25/43		182,109		168,159
FNMA, Series 2014-42, Class SN (IO) (-1 * 1MO LIBOR + 605) (a)	5.902	%	07/25/44		766,735		142,619
GNMA, Series 2010-47, Class PX (IO) (-1 * 1MO LIBOR + 670) (a)	6.544	%	06/20/37		949,538		204,285
GNMA, Series 2012-146, Class AI (IO)	3.000	%	10/20/37		2,505,031		126,129
GNMA, Series 2008-38, Class ID (IO)	6.000	%	03/20/38		399,588		30,872
GNMA, Series 2008-40, Class SA (IO) (-1 * 1MO LIBOR + 640) (a)	6.248	%	05/16/38		66,191		12,847
GNMA, Series 2013-124, Class ES (-1.333 * 1MO LIBOR + 866.7) (a)	8.458	%	04/20/39		68,395		71,273
GNMA, Series 2011-21, Class SA (IO) (-1 * 1MO LIBOR + 600) (a)	5.848	%	02/16/41		3,002,398		640,640
GNMA, Series 2011-145, Class QI (IO)	5.000	%	11/16/41		289,384		43,771
GNMA, Series 2013-113, Class QS (IO) (-1 * 1MO LIBOR + 620) (a)	6.044	%	02/20/42		843,335		153,796
GNMA, Series 2014-141, Class IE (IO)	4.000	%	08/20/43		349,839		14,172
GNMA, Series 2017-004, Class WI (IO)	4.000	%	02/20/44		2,198,949		194,259
GNMA, Series 2016-32, Class MS (IO) (-1 * 1MO LIBOR + 605) (a)	5.617	%	03/20/46		2,800,030		517,445
GNMA, Series 2019-98, Class BI (IO)	3.000	%	06/20/49		847,484		289,669

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Agency MBS CMO Derivatives - 5.0% (Continued)
GNMA, Series 2012-H02, Class AI (IO) (a)	1.909	%	01/20/62	$	187,906	$	8,127
GNMA, Series 2013-H13, Class T1 (IO) (a)	0.473	%	05/20/63		2,167,355		33,974
GNMA, Series 2016-H20, Class GI (IO) (a)	0.401	%	08/20/66		2,069,990		21,347
GNMA, Series 2017-H11, Class PI (IO) (a)	3.950	%	04/20/67		161,736		2,775
GNMA, Series 2017-H22, Class ID (IO) (a)	3.872	%	11/20/67		66,361		3,504
GNMA, Series 2018-H08, Class NI (IO) (a)	0.836	%	05/20/68		1,299,965		32,329
							11,685,779
Agency MBS Passthrough - 4.5%
FHLMC, Pool #FG G14973	4.000	%	12/01/28		196,476		216,315
FHLMC, Pool #FG U59010	4.000	%	11/01/34		272,751		293,493
FHLMC, Pool #G61909	4.500	%	12/01/37		707,277		777,812
FHLMC, Pool #FG G06085	6.500	%	09/01/38		79,648		91,087
FNMA, Pool #FN 252409	6.500	%	03/01/29		109,222		122,705
FNMA, Pool #FN AL5850	3.500	%	10/01/29		162,934		173,760
FNMA, Pool #FN AS7287	3.500	%	06/01/31		750,750		828,099
FNMA, Pool #FN AL3200	3.500	%	02/01/33		545,238		585,887
FNMA, Pool #FN AT7120	3.500	%	06/01/33		653,634		702,538
FNMA, Pool #FN AL5166	3.000	%	11/01/33		445,521		470,871
FNMA, Pool #FN AL6685	4.000	%	01/01/35		275,102		296,052
FNMA, Pool #FN MA2198	3.500	%	03/01/35		529,979		572,703
FNMA, Pool #FN BM1486	4.000	%	03/01/35		1,668,977		1,822,165
FNMA, Pool #FN MA3050	4.500	%	06/01/37		1,103,812		1,214,655
FNMA, Pool #FN AS4073	4.000	%	12/01/44		258,675		285,911
FNMA, Pool #FN MA2778	3.500	%	10/01/46		336,908		350,034
GNMA, Pool #MA5738M	4.000	%	02/20/34		537,017		569,824
GNMA, Pool #GN 784279	5.500	%	11/15/38		501,148		584,416
GNMA, Pool #711522X	4.500	%	07/15/40		378,477		440,472
GNMA, Pool #GN 78541	4.500	%	06/15/46		225,370		250,691
							10,649,490
ARM - 0.0% (d)
Structured Asset Securities Corp., Series 2003-37A, Class 2-A (a)	3.528	%	12/25/33		11,489		11,082

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Auto Loan - 6.4%
American Credit Acceptance Receivables Trust, Series 2017-1, Class E (c)	5.440	%	03/13/24	$	100,000	$	101,193
American Credit Acceptance Receivables Trust, Series 2018-3, Class D (c)	4.140	%	10/15/24		480,000		493,676
American Credit Acceptance Receivables Trust, Series 2020-2, Class C (c)	3.880	%	04/13/26		300,000		315,873
American Credit Acceptance Receivables Trust, Series 2020-3, Class C (c)	1.850	%	06/15/26		300,000		303,354
American Credit Acceptance Receivables Trust, Series 2020-3, Class D (c)	2.400	%	06/15/26		300,000		304,171
Arivo Acceptance Auto Loan Receivables Trust, Series 2019-1, Class A (c)	2.990	%	07/15/24		109,208		111,062
Bank of the West Auto Trust, Series 2017-1, Class B (c)	2.620	%	11/15/23		100,000		102,201
Chesapeake FDG II LLC, Series 2018-3, Class A2 (1MO LIBOR + 48) (a)(c)	0.632	%	01/15/31		233,887		231,442
CIG Auto Receivables Trust, Series 2020-1, Class D (c)	2.350	%	01/12/26		300,000		299,810
CPS Auto Receivables Trust, Series 2020-B, Class C (c)	3.300	%	04/15/26		400,000		414,834
CPS Auto Receivables Trust, Series 2020-C, Class D (c)	2.410	%	11/16/26		400,000		401,464
CPS Auto Trust, Series 2017-D, Class C (c)	3.010	%	10/17/22		40,991		41,162
CPS Auto Trust, Series 2017-D, Class D (c)	3.730	%	09/15/23		260,000		264,693
CPS Auto Trust, Series 2019-C, Class C (c)	2.840	%	06/16/25		250,000		254,745
Credit Acceptance Auto Trust, Series 2019-3, Class C (c)	3.060	%	03/15/29		400,000		412,271
Drive Auto Receivables Trust, Series 2020-2, Class C	2.280	%	08/17/26		400,000		411,276
Drive Auto Receivables Trust, Series 2020-1, Class D	2.700	%	05/17/27		500,000		512,839
DT Auto Owner Trust, Series 2019-2, Class D (c)	3.480	%	02/18/25		195,000		202,369
DT Auto Owner Trust, Series 2019-3, Class D (c)	2.960	%	04/15/25		285,000		291,893
DT Auto Owner Trust, Series 2020-2, Class E (c)	4.730	%	03/16/26		300,000		322,892
Exeter Automobile Receivables Trust, Series 2020-2, Class D (c)	4.730	%	04/15/26		300,000		323,646
FHF Trust, Series 2020-1, Class A (c)	2.590	%	12/15/23		267,018		268,145

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Auto Loan - 6.4% (Continued)
Hertz Fleet Lease Funding LP, Series 2017-1, Class C (c)	3.140	%	04/10/31	$	700,000	$	700,188
Hertz Fleet Lease Funding LP, Series 2017-1, Class E (c)	5.800	%	04/10/31		1,000,000		1,003,037
Hertz Fleet Lease Funding LP, Series 2018-1, Class D (c)	4.170	%	05/10/32		300,000		300,674
Hertz Fleet Lease Funding LP, Series 2018-1, Class E (c)	5.550	%	05/10/32		600,000		602,281
Hertz Fleet Lease Funding LP, Series 2019-1, Class A1 (1M LIBOR + 47) (a)(c)	0.626	%	01/10/33		332,045		332,806
Hertz Fleet Lease Funding LP, Series 2019-1, Class E (c)	4.620	%	01/10/33		100,000		100,884
Navistar Financial Dealer Note Master Trust, Series 2019-1, Class D (1MO LIBOR + 145) (a)(c)	1.598	%	05/28/24		285,000		283,420
NextGear Floorplan Master Owner Trust, Series 2018-1, Class A-1 (1MO LIBOR + 64) (a)(c)	0.792	%	02/15/23		150,000		150,070
NextGear Floorplan Master Owner Trust, Series 2019-2, Class A-1 (1MO LIBOR + 70) (a)(c)	0.852	%	10/15/24		350,000		342,560
OneMain Direct Auto Receivables, Series 2018-1, Class B (c)	3.710	%	04/14/25		300,000		307,182
OSCAR US Funding Trust, Series 2019-11, Class A-4 (c)	2.680	%	09/10/26		145,000		151,704
Santander Consumer Auto Receivables, Series 2020-B, Class D (c)	2.140	%	12/15/26		400,000		399,642
Santander Drive Auto Trust, Series 2019-3, Class D	2.680	%	10/15/25		175,000		180,015
Skopos Auto Receivables Trust, Series 2019-1, Class A (c)	2.900	%	12/15/22		137,345		138,269
Skopos Auto Receivables Trust, Series 2019-1, Class B (c)	3.430	%	09/15/23		600,000		608,544
Tesla Auto Lease Trust, Series 2018-B, Class D (c)	5.290	%	11/22/21		250,000		257,867
Tesla Auto Lease Trust, Series 2019-A, Class D (c)	3.370	%	01/20/23		350,000		361,469
Tesla Auto Lease Trust, Series 2020-A, Class D (c)	2.330	%	02/20/24		250,000		253,716
United Auto Credit Securitization Trust, Series 2020-1, Class D (c)	2.880	%	02/10/25		300,000		305,211

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Auto Loan - 6.4% (Continued)
Westlake Auto Receivables Trust, Series 2019-3, Class D (c)	2.720	%	11/15/24	$	523,000	$	535,272
Westlake Auto Receivables Trust, Series 2019-2, Class D (c)	3.200	%	11/15/24		375,000		386,624
Westlake Auto Receivables Trust, Series 2020-1, Class C (c)	2.520	%	04/15/25		300,000		308,139
Westlake Auto Receivables Trust, Series 2020-2, Class C (c)	2.010	%	07/15/25		275,000		278,946
Westlake Auto Receivables Trust, Series 2020-2, Class D (c)	2.760	%	01/15/26		280,000		287,234
							14,960,765
Conduit - 0.0% (d)
WF-RBS Commercial Mortgage Trust, Series 2011-C2, Class D (a)(c)	5.850	%	02/15/44		100,000		99,180

CRE/CLO - 2.8%
A10 Securitization, Series 2020-C, Class B (c)(e)	2.617	%	08/15/40	300,000	299,749
A10 Securitization, Series 2020-C, Class D (c)(e)	4.129	%	08/15/40	250,000	249,734
A10 Securitization, Series 2020-C, Class E (c)(e)	5.465	%	08/15/40	250,000	249,701
A10 Securitization, Series 2020-C, Class A (c)(e)	2.021	%	09/15/50	300,000	300,009
Bancorp Commercial Mortgage Trust (The), Series 2017-CRE2, Class C (1MO LIBOR + 235) (a)(c)	2.512	%	08/15/32	250,000	240,624
Bancorp Commercial Mortgage Trust (The), Series 2018-CR3, Class D (1MO LIBOR + 270) (a)(c)	2.862	%	03/16/35	324,000	309,622
Bancorp Commercial Mortgage Trust (The), Series 2019-CRE6, Class A (1MO LIBOR + 105) (a)(c)	1.202	%	09/17/36	475,759	469,520
BXMT Ltd, Series 2020-FL2, Class C (1MO LIBOR + 165) (a)(c)	1.812	%	02/18/38	225,000	218,812
BXMT Ltd., Series 2017-FL1, Class B (1MO LIBOR + 150) (a)(c)	1.662	%	06/15/35	275,000	273,625
BXMT Ltd., Series 2020-FL2, Class A (1MO LIBOR + 90) (a)(c)	1.062	%	02/16/37	425,000	417,297
BXMT Ltd., Series 2020-FL2, Class D (1MO LIBOR + 195) (a)(c)	2.112	%	02/16/37	625,000	597,656
Exantas Capital Corp., Series 2020-RS09, Class D (1MO LIBOR + 550) (a)(c)(e)	5.675	%	04/17/37	375,000	376,672
KKR Real Estate Finance Trust, Inc., Series 2018-FL1, Class A (1MO LIBOR + 110) (a)(c)	1.262	%	06/15/36	500,000	496,250
MF1, Series 2020-FL3, Class B (1MO LIBOR + 375) (a)(c)	3.912	%	07/15/35	300,000	303,375
Multi Family Housing Mortgage Loan, Series 2019-FL2, Class A (1MO LIBOR + 113) (a)(c)	1.305	%	11/27/34	300,000	294,938
Multi Family Housing Mortgage Loan, Series 2019-FL2, Class C (1MO LIBOR + 200) (a)(c)	2.175	%	12/25/34	300,000	285,750
ReadyCap Commercial Mortgage Trust, Series 2020-FL4, Class A (1MO LIBOR + 215) (a)(c)	2.298	%	02/25/35	400,000	400,000
ReadyCap Commercial Mortgage Trust, Series 2018-FL2, Class D (1MO LIBOR + 270) (a)(c)(e)	2.848	%	06/25/35	50,000	47,220
TPG Real Estate Finance, Series 2019-FL3, Class A (1MO LIBOR + 115) (a)(c)	1.312	%	10/15/34	400,000	393,000
VMC Finance LLC, Series 2018-FL2, Class A (1MO LIBOR + 92) (a)(c)	1.082	%	10/15/35	244,440	239,762
					6,463,316

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Credit Cards - 0.7%
Continental Credit Card LLC, Series 2017-1, Class B (c)	6.410	%	01/15/25	$	260,777	$	262,848
Continental Credit Card LLC, Series 2019-1, Class A (c)	3.830	%	08/15/26		600,000		608,816
Continental Credit Card LLC, Series 2019-1, Class B (c)	4.950	%	08/15/26		300,000		304,737
Fortiva Retail Credit Master Note, Series 2018-1, Class A (c)	5.540	%	11/15/23		150,000		150,453
Genesis Private Label Amortization Trust, Series 2020-1, Class C (c)	4.190	%	07/20/30		100,000		100,511
Genesis Sales Finance Master Trust, Series 2019-A, Class A (c)	4.680	%	08/20/23		100,000		100,520
							1,527,885
Equipment - 1.0%
Business Jet Securities LLC, Series 2018-1, Class A (a)(c)	4.335	%	02/15/33		170,337		170,638
Business Jet Securities LLC, Series 2018-1, Class B (a)(c)	6.048	%	02/15/33		121,163		122,677
Business Jet Securities LLC, Series 2018-2, Class A (c)	4.447	%	06/15/33		345,946		345,883
Business Jet Securities LLC, Series 2018-2, Class B (c)	5.437	%	06/15/33		359,154		361,167
Business Jet Securities LLC, Series 2019-1, Class B (c)	5.193	%	07/15/34		566,508		566,906
CLI Funding V LLC, Series 2014-2, Class ABS NT (c)	3.380	%	10/18/29		124,141		124,154
CLU Funding VI LLC, Series 2019-1, Class A (c)	3.710	%	05/18/44		97,169		98,908
Global SC Finance II SRL, Series 2013-1, Class A (c)	2.980	%	04/17/28		129,167		129,586
Octane Receivables Trust, Series 2019-1, Class A (c)	3.160	%	09/20/23		113,145		112,880
Octane Receivables Trust, Series 2020-1, Class A (c)	1.710	%	02/20/25		375,000		375,015
							2,407,814

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

HECM - 0.3%
Cascade Funding Mortgage Trust, Series 2018-RM1, Class A1 (c)	4.580	%	06/25/48	$	82,261	$	82,537
Finance of America HECM, Series 2020-HB2, Class A (c)	1.710	%	07/25/30		332,109		332,562
RMF Buyout Issuance Trust, Series 2020-2, Class M2 (c)	3.091	%	06/25/30		250,000		250,709
							665,808
Hospitality - 1.8%
BHMS Mortgage Trust, Series 2018-ATLS, Class A (1MO LIBOR + 125) (a)(c)	1.402	%	07/16/35		280,000		268,494
BX Trust, Series 2018-GW, Class E (1MO LIBOR + 197) (a)(c)	2.123	%	05/15/37		150,000		136,837
BX Trust, Series 2019-OC11, Class B (c)	3.605	%	12/09/41		300,000		310,858
BX Trust, Series 2019-OC11, Class D (a)(c)	4.075	%	12/09/41		225,000		218,169
BX Trust, Series 2019-OC11, Class A (c)	3.202	%	12/11/41		577,000		610,370
Champlain Housing Mortgage Trust, Series 2017-COSMO, Class B (1M LIBOR + 140) (a)(c)	1.552	%	11/17/36		100,000		96,488
Cosmopolitan Hotel Trust, Series 2017-COSMO, Class D (1MO LIBOR + 225) (a)(c)	2.412	%	11/15/36		100,000		94,983
Cosmopolitan Hotel Trust, Series 2017-COSMO, Class A (1MO LIBOR + 93) (a)(c)	1.092	%	11/17/36		700,000		676,292
Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class A (1MO LIBOR + 92) (a)(c)	1.072	%	07/16/35		778,781		740,210
Goldman Sachs Mortgage Securities Corp. Trust, Series 2018-HULA, Class B (1MO LIBOR + 125) (a)(c)	1.402	%	07/16/35		632,760		591,809
Hawaii Hotel Trust, Series 2019-MAUI, Class B (1MO LIBOR + 145) (a)(c)	1.612	%	05/17/38		156,000		145,052
Motel 6 Trust, Series 2017-MTL6, Class D (1MO LIBOR +215) (a)(c)	2.312	%	08/15/34		353,077		342,889
							4,232,451

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Industrial - 1.0%
BX Commercial Mortgage Trust, Series 2018-IND, Class A (1MO LIBOR + 75) (a)(c)	0.902	%	11/15/35	$	631,114	$	631,114
BX Commercial Mortgage Trust, Series 2019-XL, Class A (1MO LIBOR + 92) (a)(c)	1.072	%	10/15/36		545,846		545,682
BX Commercial Mortgage Trust, Series 2019-XL, Class B (1MO LIBOR + 108) (a)(c)	1.232	%	10/15/36		650,269		649,046
BX Commercial Mortgage Trust, Series 2020-BXLP, Class B (1MO LIBOR + 100) (a)(c)	1.152	%	12/15/36		226,792		225,939
BX Commercial Mortgage Trust, Series 2020-BXLP, Class C (1MO LIBOR + 112) (a)(c)	1.272	%	12/15/36		179,835		178,717
BX Commercial Mortgage Trust, Series 2020-BXLP, Class E (1MO LIBOR + 160) (a)(c)	1.752	%	12/15/36		211,806		209,151
							2,439,649
Laboratory - 0.7%
CAMB Commercial Mortgage Trust, Series 2019-LIFE, Class A (1MO LIBOR + 107) (a)(c)	1.222	%	12/15/37		350,000		350,326
CGDBB Commercial Mortgage Trust, Series 2017-BIOC, Class B (1MO LIBOR + 97) (a)(c)	1.122	%	07/15/32		411,095		410,338
DBGS Mortgage Trust, Series 2018-BIOD, Class B (1MO LIBOR + 89) (a)(c)	1.040	%	05/15/35		496,554		490,322
KNDL Mortgage Trust, Series 2019-KNSQ, Class D (1MO LIBOR + 135) (a)(c)	1.512	%	05/15/36		425,000		423,169
							1,674,155
Manufactured Housing - 0.1%
Cascade Funding Mortgage Trust, Series 2019-MH1, Class M (c)	5.985	%	11/25/44		100,000		100,908
Mixed-Use - 0.1%
20 Times Square Trust, Series 2018-20TS, Class B (a)(c)	3.203	%	05/17/35		300,000		297,560

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Multifamily - 0.5%
FREMG Mortgage Trust, Series 2018-KF50, Class B (1MO LIBOR + 190) (a)(c)	2.055	%	07/25/28	$	363,788	$	345,774
Multi Family Connecticut Avenue, Series 2019-01, Class M-7 (1MO LIBOR + 170) (a)(c)	1.848	%	10/15/49		614,364		586,785
Multi Family Connecticut Avenue, Series 2020-01, Class M-7 (1MO LIBOR + 195) (a)(c)	2.098	%	03/25/50		349,047		338,182
							1,270,741
Non-Performing Loan - 0.2%
Volt LXXX LLC, Series 2019-NP6, Class A-1A (a)(c)	3.228	%	10/25/49		412,330		412,508
Non-QM - 0.0% (d)
Arroyo Mortgage Trust, Series 2018-1, Class A1 (c)	3.763	%	04/25/48		77,462		78,989
Residential Transition Loan - 0.1%
Antler Mortgage Trust, Series 2019-RTL1, Class A1 (c)	4.458	%	06/27/22		189,916		189,769
LHFC Depositor LLC, Series 2019-RLT1, Class A2 (c)	4.948	%	10/25/23		100,000		98,998
							288,767
Retail - 0.2%
BX Trust, Series 2018-EXCL, Class A (1MO LIBOR + 1088) (a)(c)	1.250	%	09/15/37		90,739		82,611
Citigroup Commercial Mortgage, Series 2017-MDRB, Class D (1MO LIBOR + 325) (a)(c)	3.402	%	07/15/30		150,000		140,312
Credit Suisse First Boston, Series 2018-SITE, Class A (c)	4.284	%	04/17/36		127,000		125,014
Credit Suisse First Boston, Series 2018-SITE, Class C (a)(c)	4.941	%	04/17/36		100,000		91,072
Credit Suisse First Boston, Series 2018-SITE, Class D (a)(c)	4.941	%	04/17/36		135,000		110,264
							549,273

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Single Family Rental - 2.5%
American Homes 4 Rent, Series 2014-SFR2, Class E (c)	6.231	%	10/17/36	$	300,000	$	338,219
American Homes 4 Rent, Series 2014-SFR2, Class D (c)	3.678	%	12/17/36		335,897		362,151
American Homes 4 Rent, Series 2014-SFR3, Class E (c)	6.418	%	12/18/36		300,000		338,037
American Homes 4 Rent, Series 2015-SFR1, Class A (c)	3.467	%	04/17/52		116,234		124,124
B2R Mortgage Trust, Series 2015-2, Class A (c)	3.336	%	11/15/48		4,176		4,174
Colony American Finance Ltd., Series 2016-2, Class B (c)	3.141	%	11/15/48		150,000		150,789
Colony American Finance Ltd., Series 2020-1, Class A2 (c)	2.296	%	03/15/50		250,000		258,061
Colony American Finance Ltd., Series 2020-1, Class A1 (c)	1.832	%	03/17/50		247,379		250,083
Home Partners of America Trust, Series 2019-1, Class B (c)	3.157	%	09/17/27		573,952		589,998
Home Partners of America Trust, Series 2019-2, Class B (c)	2.922	%	10/19/39		638,796		669,098
Invitation Homes Trust, Series 2017-SFR2, Class A (1MO LIBOR + 85) (a)(c)	1.012	%	12/17/36		496,647		495,181
Invitation Homes Trust, Series 2018-SFR1, Class B (1MO LIBOR + 95) (a)(c)	1.112	%	03/17/37		750,000		742,773
Invitation Homes Trust, Series 2018-SFR1, Class E (1MO LIBOR + 200) (a)(c)	2.162	%	03/17/37		249,966		250,239
Invitation Homes Trust, Series 2018-SFR2, Class E (1MO LIBOR + 200) (a)(c)	2.162	%	06/17/37		190,000		190,208
Invitation Homes Trust, Series 2018-SFR3, Class A (1MO LIBOR + 100) (a)(c)	1.162	%	07/17/37		1,080,914		1,081,085
							5,844,220

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Small Business - 1.0%
Credibly Asset Securitization LLC, Series 2018-1, Class A (c)	4.800	%	11/15/23	$	500,000	$	496,042
Kabbage Funding LLC, Series 2019-1, Class A (c)	3.825	%	03/15/24		8,724		8,649
Kabbage Funding LLC, Series 2019-1, Class C (c)	4.611	%	03/15/24		250,000		236,284
Newtek Small Business Loan Trust, Series 2018-1, Class B (1MO LIBOR + 300) (a)(c)	3.175	%	02/25/44		211,274		192,020
Newtek Small Business Loan Trust, Series 2019-01, Class B (1MO LIBOR + 250) (a)(c)	2.675	%	12/25/44		353,068		324,609
Ondeck Asset Securitization Trust, Series 2018-1, Class C (c)	4.520	%	04/18/22		250,000		242,786
SFS Asset Securitization LLC, Series 2019-1, Class A (c)	4.238	%	06/10/25		350,000		348,745
SFS Asset Securitization LLC, Series 2019-1, Class B (c)	5.023	%	06/10/25		150,000		143,133
Small Business Lending Trust, Series 2019-A, Class A (c)	2.850	%	07/15/26		157,697		155,143
Small Business Lending Trust, Series 2020-A, Class B (c)	3.200	%	12/15/26		225,000		211,129
							2,358,540

Student Loan - 2.0%
College Ave Student Loans, Series 2018-A, Class B (a)(c)	4.750	%	12/26/47	140,000	147,755
College Ave Student Loans, Series 2018-A, Class C (a)(c)	5.500	%	12/26/47	100,000	104,997
College Ave Student Loans, Series 2019-A, Class A1 (1MO LIBOR + 140) (a)(c)	1.548	%	12/28/48	167,368	165,429
College Ave Student Loans, Series 2019-A, Class C (c)	4.460	%	12/28/48	250,000	259,106
Earnest Student Loan Program LLC, Series 2016-C, Class A-2 (c)	2.680	%	07/25/35	237,163	238,752
Earnest Student Loan Program LLC, Series 2017-A, Class B (c)	3.590	%	01/25/41	70,221	71,243
Laurel Road Prime Student Loan, Series 2018-B, Class A2 (c)	3.540	%	05/26/43	89,949	92,597
Laurel Road Prime Student Loan, Series 2019-A, Class A2FX (c)	2.730	%	10/25/48	261,412	267,305
SMB Private Education Loan Trust, Series 2018-C, Class B (c)	4.000	%	11/17/42	200,000	202,870
Social Professional Loan Program, Series 2015-B, Class A-2 (c)	2.510	%	09/27/32	42,567	42,695
Social Professional Loan Program, Series 2016-C, Class A-2B (a)(c)	2.360	%	12/27/32	90,039	91,205
Social Professional Loan Program, Series 2015-D, Class B (a)(c)	3.590	%	10/26/37	108,687	110,187
Social Professional Loan Program, Series 2017-B, Class CFX (c)	4.440	%	05/25/40	150,000	157,373
Social Professional Loan Program, Series 2017-E, Class A-2B (a)(c)	2.720	%	11/26/40	199,306	202,596
Social Professional Loan Program, Series 2017-E, Class C (c)	4.160	%	11/26/40	700,000	734,741
Social Professional Loan Program, Series 2016-E, Class C (c)	4.430	%	10/25/41	200,000	209,123
Social Professional Loan Program, Series 2018-A, Class A-1 (1MO LIBOR + 35) (a)(c)	0.525	%	02/25/42	80,315	79,601
Social Professional Loan Program, Series 2020-A, Class BFX (c)	3.120	%	05/15/46	425,000	442,164
Social Professional Loan Program, Series 2018-D, Class BFX (c)	4.140	%	02/25/48	200,000	213,877
Social Professional Loan Program, Series 2019-C, Class BFX (c)	3.050	%	11/16/48	730,000	759,620
					4,593,236

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Unsecured Consumer - 4.0%
Avant Loans Funding Trust, Series 2019-A, Class A (c)	3.480	%	07/15/22	$	32,935	$	32,971
Avant Loans Funding Trust, Series 2020-REV1, Class A (c)	2.170	%	05/15/29		200,000		199,366
Freedom Financial, Series 2018-1, Class B (c)	4.560	%	07/18/24		350,000		350,924
Freedom Financial, Series 2018-2, Class A (c)	3.990	%	10/20/25		26,988		27,018
Freedom Financial, Series 2019-1, Class A (c)	3.420	%	06/18/26		58,901		58,934
Freedom Financial, Series 2019-1, Class B (c)	3.870	%	06/18/26		200,000		200,271
Freedom Financial, Series 2020-FP1, Class A (c)	2.520	%	03/18/27		139,079		139,133
Freedom Financial, Series 2020-FP1, Class B (c)	3.060	%	03/18/27		225,000		225,062
Freedom Financial, Series 2020-2CP, Class A (c)	4.520	%	06/18/27		430,163		435,402
Freedom Financial, Series 2020-3FP, Class A (c)	2.400	%	09/20/27		192,703		193,011
Freedom Financial, Series 2020-3FP, Class B (c)	4.180	%	09/20/27		250,000		252,319
LendingPoint Asset Securitization Trust, Series 2019-1, Class A (c)	3.154	%	08/15/25		62,002		62,042
LendingPoint Asset Securitization Trust, Series 2019-1, Class B (c)	3.613	%	08/15/25		444,000		444,694
LendingPoint Asset Securitization Trust, Series 2020-1, Class B (c)	3.107	%	02/10/26		350,000		350,028
LL ABS Trust, Series 2020-1, Class A (c)	2.330	%	07/15/22		325,000		325,625
LL ABS Trust, Series 2020-1, Class B (c)	3.790	%	03/15/23		250,000		251,815
LL ABS Trust, Series 2019-1, Class B (c)	3.520	%	03/15/27		150,000		148,730
Mariner Financial Issuance Trust, Series 2018-A, Class A (c)	4.200	%	11/20/30		505,000		507,497
Marlette Funding Trust, Series 2019-4, Class B (c)	2.950	%	12/17/29		125,000		125,843
OneMain Financial Issuance Trust, Series 2020-2, Class A (c)	1.750	%	09/14/35		550,000		554,010
Oportun Funding VII LLC, Series 2018-C, Class A (c)	4.100	%	10/08/24		300,000		305,249
Oportun Funding VIII LLC, Series 2018-A, Class B (c)	4.450	%	03/08/24		650,000		651,876
Oportun Funding XII LLC, Series 2018-D, Class B (c)	4.830	%	12/09/24		100,000		101,150
Oportun Funding XIII LLC, Series 2019-13, Class B (c)	3.870	%	08/08/25		500,000		502,981
Prosper Marketplace Issuance Trust, Series 2019-3, Class B (c)	3.590	%	07/15/25		150,000		150,997

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Securitized - 60.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Unsecured Consumer - 4.0% (Continued)
Prosper Marketplace Issuance Trust, Series 2019-4, Class B (c)	3.200	%	02/17/26	$	200,000	$	200,824
Regional Management Issuance Trust, Series 2019-1, Class C (c)	4.110	%	11/15/28		200,000		196,538
Regional Management Issuance Trust, Series 2020-1, Class A (c)	2.500	%	10/15/30		250,000		249,987
Upgrade Master Pass-Thru Trust, Series 2019-ST1, Class A (c)	4.000	%	07/15/25		80,210		80,410
Upgrade Master Pass-Thru Trust, Series 2019-ST3, Class A (c)	3.750	%	11/15/25		119,597		120,178
Upgrade Receivables Trust, Series 2019-1, Class B (c)	4.090	%	03/15/25		181,627		182,070
Upstart Pass-Through Trust, Series 2020-ST1, Class A (c)	3.750	%	02/20/28		220,662		220,103
Upstart Pass-Through Trust, Series 2020-ST2, Class A (c)	3.500	%	03/20/28		333,256		329,593
Upstart Pass-Through Trust, Series 2020-ST3, Class A (c)	3.350	%	04/20/28		172,138		173,962
Upstart Securitization Trust, Series 2019-1, Class B (c)	4.190	%	04/20/26		51,897		52,050
Upstart Securitization Trust, Series 2019-2, Class A (c)	2.897	%	09/20/29		127,752		128,801
Upstart Securitization Trust, Series 2019-2, Class B (c)	3.734	%	09/20/29		700,000		697,384
Upstart Securitization Trust, Series 2019-3, Class B (c)	3.829	%	01/21/30		200,000		202,923
							9,431,771
Total Securitized (Cost $137,383,045)						$	142,372,622

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Treasury - 17.2%	Coupon			Maturity		Shares / Par Value		Fair Value
U.S. Treasury Notes		0.125	%		04/15/21	$	216,358	$	217,288
U.S. Treasury Notes (b)		2.000	%		11/30/22		1,500,000		1,560,234
U.S. Treasury Bonds (b)		1.500	%		03/31/23		1,225,000		1,266,200
U.S. Treasury Notes (b)		1.625	%		04/30/23		100,000		103,801
U.S. Treasury Notes		2.500	%		05/15/24		750,000		812,373
U.S. Treasury Notes (b)		2.250	%		11/15/24		250,000		270,703
U.S. Treasury STRIPS		0.000	%		02/15/25		300,000		295,592
U.S. Treasury Notes (b)		2.000	%		08/15/25		1,000,000		1,083,398
U.S. Treasury Notes (b)		2.250	%		11/15/25		2,000,000		2,198,047
U.S. Treasury Notes (b)		1.625	%		02/15/26		3,000,000		3,208,125
U.S. Treasury Notes		0.625	%		03/31/27		1,000,000		1,012,656
U.S. Treasury STRIPS		0.000	%		05/15/28		1,000,000		951,811
U.S. Treasury Notes		2.875	%		08/15/28		2,000,000		2,360,703
U.S. Treasury Notes		0.625	%		08/15/30		1,000,000		994,219
U.S. Treasury STRIPS		0.000	%		11/15/31		500,000		449,601
U.S. Treasury STRIPS		0.000	%		02/15/33		800,000		704,998
U.S. Treasury STRIPS		0.000	%		08/15/34		750,000		642,565
U.S. Treasury STRIPS (b)		0.000	%		05/15/35		1,000,000		845,604
U.S. Treasury STRIPS		0.000	%		02/15/37		1,725,000		1,410,054
U.S. Treasury Notes		4.750	%		02/15/37		150,000		236,350
U.S. Treasury Bonds		3.500	%		02/15/39		235,000		329,881
U.S. Treasury Bonds		4.250	%		05/15/39		500,000		767,109
U.S. Treasury Bonds		3.875	%		08/15/40		550,000		814,064
U.S. Treasury Notes		4.250	%		11/15/40		1,050,000		1,630,084
U.S. Treasury Bonds		4.750	%		02/15/41		700,000		1,154,590
U.S. Treasury STRIPS		0.000	%		08/15/41		500,000		372,128
U.S. Treasury Bonds		2.750	%		11/15/42		600,000		768,258
U.S. Treasury Bonds		3.750	%		11/15/43		1,500,000		2,228,203
U.S. Treasury Bonds		2.250	%		08/15/46		1,780,000		2,101,999
U.S. Treasury Bonds		3.000	%		02/15/48		1,975,000		2,683,917
U.S. Treasury Bonds (b)		2.375	%		11/15/49		1,750,000		2,136,572
U.S. Treasury Bonds (b)		2.000	%		02/15/50		2,350,000		2,658,070
U.S. Treasury Bonds (b)		1.250	%		05/15/50		2,300,000		2,179,609
Total Treasury (Cost $37,184,253)								$	40,448,806

Diamond Hill Core Bond Fund

Schedule of Investments (Continued)

Registered Investment Companies - 10.9%	Shares		Fair Value
State Street Institutional Liquid Reserves Fund, Premier Class, 0.11% (f)		12,516,263	$	12,518,767
State Street Navigator Securities Lending Portfolio I, 0.08% (f)(g)		13,221,498		13,221,498
Total Registered Investment Companies (Cost $25,737,457)			$	25,740,265
Total Investment Securities - 106.0% (Cost $238,863,511)			$	249,500,401
Liabilities in Excess of Other Assets - (6.0)%				(14,019,101	)
Net Assets - 100.0%			$	235,481,300

(a)	Variable rate security. The rate shown is the effective interest rate as of September 30, 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, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $18,491,493.
(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 September 30, 2020 was $68,962,078, representing 29.3% of net assets.
(d)	Percentage rounds to less than 0.1%.
(e)	Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2020 was $1,523,085, representing 0.6% of net assets.
(f)	The rate shown is the 7-day effective yield as of September 30, 2020.
(g)	This security was purchased with cash collateral held from securities on loan.

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

See accompanying notes to Schedules of Investments.

Diamond Hill Corporate Credit Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Collateralized Debt Obligations - 0.1%	Coupon	Maturity		Shares / Par Value		Fair Value
Alesco Preferred Funding Ltd., Class PNNE *			03/23/35	$	336,608	$	157,117
Alesco Preferred Funding Ltd. VI, Class PNN *			03/23/35		621,631		304,386
Fort Sheridan ABS CDO Ltd., Series 05-1A, Class PPN2 *			11/05/41		611,948		366,312
Taberna Preferred Funding Ltd., Class PPN2 *			07/05/35		1,175,564		574,906
Total Collateralized Debt Obligations (Cost $2,531,300)						$	1,402,721

Corporate Bonds - 95.5%	Coupon			Maturity		Shares / Par Value		Fair Value
Automotive - 3.6%
Ford Motor Co.		8.500	%		04/21/23		4,584,000		4,996,560
Ford Motor Co.		9.000	%		04/22/25		1,000,000		1,146,510
Ford Motor Credit Co. LLC		3.200	%		01/15/21		11,593,000		11,568,509
Ford Motor Credit Co. LLC		3.336	%		03/18/21		4,282,000		4,284,355
Ford Motor Credit Co. LLC		3.350	%		11/01/22		7,253,000		7,144,205
Ford Motor Credit Co. LLC		4.271	%		01/09/27		11,411,000		11,195,332
General Motors Co., Inc.		6.250	%		10/02/43		2,683,000		3,174,057
Tesla, Inc. (a)		5.300	%		08/15/25		6,219,000		6,436,665
Winnebago Industries, Inc. (a)		6.250	%		07/15/28		5,835,000		6,141,338
									56,087,531
Banking - 6.0%
Bankunited, Inc.		5.125	%		06/11/30		24,360,000		26,769,216
Cadence Bancorp (3MO LIBOR + 303) (b)		4.750	%		06/30/29		7,750,000		6,789,661
First Tennessee Bank		5.750	%		05/01/30		22,125,000		24,979,457
Popular, Inc. (c)		6.125	%		09/14/23		19,295,000		20,356,225
Synovus Financial Corp. (3MO LIBOR + 418.20) (b)		5.750	%		12/15/25		5,000,000		4,988,250
Western Alliance Bancorp		5.250	%		06/01/30		10,135,000		10,519,287
									94,402,096

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 95.5% (Continued)	Coupon		Maturity		Shares / Par Value		Fair Value
Basic Industry - 5.4%
Ashland Global Holdings, Inc. (c)	6.875	%	05/15/43	$	11,970,000	$	15,321,600
Century Communities, Inc.	5.875	%	07/15/25		2,056,000		2,137,212
GCP Applied Technologies, Inc. (a)	5.500	%	04/15/26		8,199,000		8,362,980
Mueller Industries, Inc. (c)	6.000	%	03/01/27		20,445,000		20,445,000
Schweitzer-Mauduit International, Inc. (a)	6.875	%	10/01/26		15,431,000		16,279,705
W.R. Grace & Co. (a)	4.875	%	06/15/27		8,676,000		8,959,705
WESCO Distribution, Inc. (a)	7.125	%	06/15/25		12,627,000		13,754,591
							85,260,793
Capital Goods - 2.0%
Boeing Co. (The)	3.600	%	05/01/34		3,010,000		2,895,214
Hillenbrand, Inc. (c)	4.500	%	09/15/26		1,321,000		1,433,285
Itron, Inc. (a)	5.000	%	01/15/26		5,024,000		5,149,600
Spirit Aerosystems, Inc. (a)	5.500	%	01/15/25		3,000,000		3,018,750
Spirit Aerosystems, Inc. (c)	3.850	%	06/15/26		4,415,000		4,132,970
TransDigm, Inc.	6.500	%	07/15/24		8,908,000		8,885,730
TransDigm, Inc. (a)	8.000	%	12/15/25		1,000,000		1,087,500
TransDigm, Inc. (a)	6.250	%	03/15/26		4,997,000		5,239,604
							31,842,653
Consumer Goods - 5.5%
BAT Capital Corp.	4.540	%	08/15/47		2,892,000		3,090,775
Cooke Omega Investments, Inc. / Alpha VesselCo Holdings, Inc. (a)	8.500	%	12/15/22		10,784,000		11,134,480
Hasbro, Inc.	6.350	%	03/15/40		19,366,000		22,809,554
Hasbro, Inc.	5.100	%	05/15/44		5,953,000		6,190,495
Pilgrim's Pride Corp. (a)	5.750	%	03/15/25		17,167,000		17,488,881
Pilgrim's Pride Corp. (a)	5.875	%	09/30/27		7,790,000		8,043,175
Post Holdings, Inc. (a)	5.000	%	08/15/26		12,349,000		12,657,725
Post Holdings, Inc. (a)	4.625	%	04/15/30		4,000,000		4,115,000
							85,530,085

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 95.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Energy - 9.9%
Apergy Corp.	6.375	%	05/01/26	$	30,413,000	$	29,050,192
Energen Corp. (d)	7.125	%	02/15/28		22,389,000		25,703,204
Floatel International Ltd. (d)	9.000	%	04/11/24		6,400,000		480,000
Floatel International Ltd. (d)	12.750	%	04/11/24		3,400,000		102,000
Floatel International Ltd. (d)	0.00	%	04/11/60		216,750		216,750
Floatel International Ltd. (d)	0.00	%	04/11/60		288,000		288,000
Leviathan Energy	5.750	%	06/30/23		1,750,000		1,802,500
Leviathan Energy	6.125	%	06/30/25		490,000		505,313
Leviathan Energy	6.500	%	06/30/27		10,350,000		10,738,125
Magnolia Oil & Gas Corp. (a)	6.000	%	08/01/26		26,554,000		26,022,920
New Fortress Energy, Inc. (a)	6.750	%	09/15/25		8,729,000		9,126,170
Parsley Energy LLC (a)	5.375	%	01/15/25		4,162,000		4,151,595
Rattler Midstream LP (a)	5.625	%	07/15/25		7,154,000		7,207,655
Viper Energy Partners LP (a)	5.375	%	11/01/27		2,419,000		2,382,715
Welltec A/S (a)	9.500	%	12/01/22		29,633,000		26,077,040
WPX Energy, Inc.	5.250	%	09/15/24		10,530,000		11,003,850
							154,858,029
Financial Services - 9.1%
Aircastle Ltd.	4.250	%	06/15/26		7,033,000		6,503,157
Alliance Data Systems Corp. (a)	4.750	%	12/15/24		30,872,000		28,936,325
Credit Acceptance Corp. (a)(c)	5.125	%	12/31/24		21,496,000		21,346,172
Credit Acceptance Corp. (c)	6.625	%	03/15/26		12,979,000		13,400,818
FirstCash, Inc. (a)	4.625	%	09/01/28		8,000,000		8,180,000
FS KKR Capital Corp.	4.125	%	02/01/25		14,460,000		14,366,650
FS KKR Capital Corp. II (a)	4.250	%	02/14/25		12,480,000		11,780,910
Nationstar Mortgage LLC (a)	6.000	%	01/15/27		2,500,000		2,548,400
Nationstar Mortgage LLC (a)	5.500	%	08/15/28		9,578,000		9,566,028
PennyMac Financial Services, Inc. (a)	5.375	%	10/15/25		8,600,000		8,707,500
Quicken Loans LLC (a)	5.750	%	05/01/25		2,313,000		2,381,234
Quicken Loans LLC (a)	5.250	%	01/15/28		2,566,000		2,703,692
Quicken Loans LLC (a)	3.625	%	03/01/29		2,180,000		2,160,925
Wand Merger Corp. (a)	9.125	%	07/15/26		10,013,000		10,738,942
							143,320,753

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 95.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Health Care - 6.1%
Davita, Inc. (a)	4.625	%	06/01/30	$	14,613,000	$	14,998,783
Davita, Inc. (a)	3.750	%	02/15/31		3,800,000		3,661,490
Emergent Biosolutions, Inc. (a)	3.875	%	08/15/28		12,510,000		12,559,164
Jaguar Holdings Co. (a)	5.000	%	06/15/28		2,000,000		2,087,500
Molina Healthcare, Inc. (a)	4.875	%	06/15/25		14,333,000		14,619,660
Par Pharmaceutical, Inc. (a)	7.500	%	04/01/27		1,612,000		1,688,860
Teva Pharmaceuticals Finance Netherlands III BV	3.150	%	10/01/26		2,725,000		2,404,813
Teva Pharmaceuticals Financial Co. BV	2.200	%	07/21/21		15,623,000		15,490,205
Teva Pharmaceuticals Financial Co. BV	2.950	%	12/18/22		12,751,000		12,395,630
Teva Pharmaceuticals Financial Co. BV	2.800	%	07/21/23		17,091,000		16,343,268
							96,249,373
Insurance - 4.8%
Amwins Group, Inc. (a)	7.750	%	07/01/26		2,970,000		3,177,900
AssuredPartners, Inc. (a)	7.000	%	08/15/25		12,683,000		12,918,270
Hub International Ltd. (a)	7.000	%	05/01/26		6,996,000		7,249,605
MGIC Investment Corp.	5.750	%	08/15/23		9,595,000		10,182,694
MGIC Investment Corp.	5.250	%	08/15/28		6,500,000		6,725,550
Radian Group, Inc.	4.500	%	10/01/24		7,063,000		7,011,440
Radian Group, Inc.	6.625	%	03/15/25		1,054,000		1,111,970
Radian Group, Inc.	4.875	%	03/15/27		27,520,000		27,382,400
							75,759,829
Leisure - 8.3%
Golden Nugget, Inc. (a)	6.750	%	10/15/24		14,719,000		12,290,365
Live Nation Entertainment, Inc. (a)	4.875	%	11/01/24		8,731,000		8,447,243
Live Nation Entertainment, Inc. (a)(c)	5.625	%	03/15/26		10,888,000		10,506,920
Speedway Motorsports LLC (a)	4.875	%	11/01/27		13,810,000		13,253,457
Station Casinos LLC (a)(c)	5.000	%	10/01/25		14,712,000		14,469,987
Station Casinos LLC (a)	4.500	%	02/15/28		8,035,000		7,432,375
Viking Cruises Ltd. (a)	6.250	%	05/15/25		15,259,000		11,978,315
VOC Escrow Ltd. (a)	5.000	%	02/15/28		2,884,000		2,553,407
Wyndham Destinations, Inc. (a)	6.625	%	07/31/26		9,294,000		9,736,487
Wyndham Destinations, Inc. (a)	4.625	%	03/01/30		6,280,000		6,060,200
Wynn Las Vegas LLC (a)	4.250	%	05/30/23		14,938,000		14,153,756
Wynn Las Vegas LLC (a)	5.500	%	03/01/25		7,721,000		7,412,160
XHR LP (a)	6.375	%	08/15/25		11,705,000		11,705,000
							129,999,672

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 95.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Media - 4.0%
Cimpress plc (a)	7.000	%	06/15/26	$	34,627,000	$	32,809,083
Twitter, Inc. (a)	3.875	%	12/15/27		28,986,000		30,261,384
							63,070,467
Real Estate - 4.4%
Forestar Group, Inc. (a)	8.000	%	04/15/24		9,743,000		10,254,508
Forestar Group, Inc. (a)(c)	5.000	%	03/01/28		12,645,000		12,771,450
Host Hotels & Resorts, Inc.	3.375	%	12/15/29		6,743,000		6,301,334
Kennedy Wilson, Inc.	5.875	%	04/01/24		13,160,000		13,094,199
New Residential Investment Corp. (a)	6.250	%	10/15/25		18,650,000		18,379,202
RHP Hotel Properties LP (c)	5.000	%	04/15/23		7,432,000		7,277,935
							68,078,628
Retail - 11.9%
Abercrombie & Fitch Management Co. (a)	8.750	%	07/15/25		3,845,000		4,046,863
ANGI Group LLC (a)	3.875	%	08/15/28		20,320,000		20,116,800
Carvana Co. (a)	8.875	%	10/01/23		13,646,000		14,251,609
DriveTime Automotive Group, Inc. (a)(c)	8.000	%	06/01/21		12,572,000		12,603,430
GrubHub Holdings, Inc. (a)	5.500	%	07/01/27		24,511,000		25,445,482
Hanesbrands, Inc. (a)	4.625	%	05/15/24		15,000,000		15,596,850
IRB Holding Corp. (a)	7.000	%	06/15/25		12,160,000		12,965,600
IRB Holding Corp. (a)(c)	6.750	%	02/15/26		6,441,000		6,441,000
Liberty Interactive LLC	8.500	%	07/15/29		9,292,000		10,012,130
Liberty Interactive LLC	8.250	%	02/01/30		1,953,000		2,111,759
Macy's, Inc. (a)	8.375	%	06/15/25		3,550,000		3,670,452
Nathan's Famous, Inc. (a)	6.625	%	11/01/25		24,044,000		24,404,660
Nordstrom, Inc. (c)	4.000	%	03/15/27		15,058,000		12,804,304
Nordstrom, Inc. (c)	4.375	%	04/01/30		6,828,000		5,520,211
QVC, Inc.	5.450	%	08/15/34		13,266,000		13,100,174
Wolverine World Wide, Inc. (a)	6.375	%	05/15/25		2,720,000		2,869,600
							185,960,924
Services - 5.8%
IAA Spinco, Inc. (a)	5.500	%	06/15/27		10,815,000		11,261,119
KAR Auction Services, Inc. (a)	5.125	%	06/01/25		14,123,000		14,122,718
Korn Ferry International (a)(c)	4.625	%	12/15/27		20,637,000		20,843,369
MasTec, Inc. (a)	4.500	%	08/15/28		14,973,000		15,122,730
Sabre Global, Inc. (a)	5.250	%	11/15/23		4,030,000		3,939,325
Sabre Global, Inc. (a)	7.375	%	09/01/25		11,946,000		12,065,460
Uber Technologies, Inc. (a)	7.500	%	11/01/23		8,364,000		8,712,779
Uber Technologies, Inc. (a)	7.500	%	05/15/25		5,155,000		5,496,313
							91,563,813

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

Corporate Bonds - 95.5% (Continued) Coupon Maturity Shares / Par Value Fair Value

Technology & Electronics - 2.6%
Logan Merger Sub, Inc. (a)	5.500	%	09/01/27	$	9,249,000	$	9,387,735
MTS Systems Corp. (a)	5.750	%	08/15/27		10,254,000		10,097,114
NCR Corp. (a)	5.000	%	10/01/28		11,375,000		11,360,781
TripAdvisor, Inc. (a)	7.000	%	07/15/25		9,383,000		9,781,778
							40,627,408
Telecommunications - 3.3%
HTA Group Ltd. (a)	7.000	%	12/18/25		8,250,000		8,619,188
LCPR Senior Secured Financing Designated Activity Co. (a)	6.750	%	10/15/27		11,447,000		11,962,115
T-Mobile, Inc. (a)	3.875	%	04/15/30		5,000,000		5,685,150
Viasat, Inc. (a)	5.625	%	09/15/25		17,506,000		17,155,879
Viasat, Inc. (a)	5.625	%	04/15/27		8,381,000		8,621,954
							52,044,286
Transportation - 2.8%
Alaska Airlines, Series 2020-1B (a)	4.800	%	08/15/27		18,050,000		18,900,199
American Airlines, Inc. (a)(c)	11.750	%	07/15/25		4,000,000		3,860,000
Delta Air Lines, Inc.	2.600	%	12/04/20		2,637,000		2,640,441
Delta Air Lines, Inc.	3.625	%	03/15/22		2,200,000		2,163,312
Delta Air Lines, Inc.	2.900	%	10/28/24		14,850,000		13,216,499
Skymiles IP Ltd. & Delta Airlines (a)	4.500	%	10/20/25		2,000,000		2,052,500
United Airlines Pass-Through Trust, Series 2013-1	5.375	%	02/15/23		189,777		182,597
							43,015,548
Total Corporate Bonds (Cost $1,478,267,389)						$	1,497,671,888

Registered Investment Companies - 6.9%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (e)		74,316,231		74,316,231
State Street Navigator Securities Lending Portfolio I, 0.08% (e)(f)		34,139,148		34,139,148
Total Registered Investment Companies (Cost $108,455,379)			$	108,455,379
Total Investment Securities - 102.5% (Cost $1,589,254,068)			$	1,607,529,988
Liabilities in Excess of Other Assets - (2.5)%				(39,337,088	)
Net Assets - 100.0%			$	1,568,192,900

Diamond Hill Corporate Credit Fund

Schedule of Investments (Continued)

(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 September 30, 2020 was $970,785,005 representing 61.9% of net assets.
(b)	Variable rate security. The rate shown is the effective interest rate as of September 30, 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, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.
(c)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $34,582,172.
(d)	Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2020 was $26,789,954, representing 1.7% of net assets.
(e)	The rate shown is the 7-day effective yield as of September 30, 2020.
(f)	This security was purchased with cash collateral held from securities on loan.

A/S -	Aktieselskab
BV -	Besloten Vennootschap
LIBOR -	London Interbank Offered Rate.
plc -	Public Limited Company

See accompanying notes to Schedules of Investments.

* Non-income producing security. Restricted and illiquid 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	$	157,117		0.01	%
Alesco Preferred Funding Ltd. VI, Class PNN	December-04		621,631		304,386		0.02	%
Fort Sheridan ABS CDO Ltd., Series 05-1A, Class PPN2	March-05		519,903		366,312		0.03	%
Taberna Preferred Funding Ltd., Class PPN2	March-05		1,053,158		574,906		0.04	%
		$	2,531,300	$	1,402,721		0.09	%

Diamond Hill High Yield Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Corporate Bonds - 94.4%	Coupon			Maturity		Shares / Par Value		Fair Value
Automotive - 3.4%
Aptiv plc (a)		4.400	%		10/01/46	$	1,000,000	$	977,267
Ford Motor Credit Co. LLC		3.200	%		01/15/21		5,900,000		5,887,536
Ford Motor Credit Co. LLC		3.336	%		03/18/21		2,750,000		2,751,512
Ford Motor Credit Co. LLC (a)		3.470	%		04/05/21		1,805,000		1,800,488
Ford Motor Credit Co. LLC		3.350	%		11/01/22		3,250,000		3,201,250
Tesla, Inc. (b)		5.300	%		08/15/25		4,000,000		4,140,000
									18,758,053
Banking - 4.2%
Bankunited, Inc.		5.125	%		06/11/30		5,400,000		5,934,063
Cadence Bancorp (3MO LIBOR + 303) (c)		4.750	%		06/30/29		3,000,000		2,628,256
First Tennessee Bank		5.750	%		05/01/30		6,400,000		7,225,696
Popular, Inc.		6.125	%		09/14/23		4,865,000		5,132,575
Synovus Financial Corp. (3MO LIBOR + 418.20) (c)		5.750	%		12/15/25		1,000,000		997,650
Western Alliance Bancorp		5.250	%		06/01/30		1,000,000		1,037,917
									22,956,157
Basic Industry - 4.3%
Ashland Global Holdings, Inc.		6.875	%		05/15/43		2,750,000		3,520,000
Century Communities, Inc.		5.875	%		07/15/25		1,500,000		1,559,250
GCP Applied Technologies, Inc. (b)		5.500	%		04/15/26		2,450,000		2,499,000
Mueller Industries, Inc.		6.000	%		03/01/27		8,420,000		8,420,000
Schweitzer-Mauduit International, Inc. (b)		6.875	%		10/01/26		5,500,000		5,802,500
W.R. Grace & Co. (b)		4.875	%		06/15/27		1,350,000		1,394,145
									23,194,895
Capital Goods - 1.5%
Itron, Inc. (b)		5.000	%		01/15/26		1,750,000		1,793,750
TransDigm, Inc.		6.500	%		07/15/24		3,300,000		3,291,750
TransDigm, Inc. (b)		6.250	%		03/15/26		2,800,000		2,935,940
									8,021,440

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 94.4% (Continued) Coupon Maturity Shares / Par Value Fair Value

Consumer Goods - 5.0%
Cooke Omega Investments, Inc. / Alpha VesselCo Holdings, Inc. (b)	8.500	%	12/15/22	$	5,000,000	$	5,162,500
Hasbro, Inc.	6.350	%	03/15/40		4,850,000		5,712,400
Hasbro, Inc.	5.100	%	05/15/44		1,326,000		1,378,901
Pilgrim's Pride Corp. (b)	5.750	%	03/15/25		4,700,000		4,788,125
Pilgrim's Pride Corp. (b)	5.875	%	09/30/27		3,850,000		3,975,125
Post Holdings, Inc. (b)	5.000	%	08/15/26		3,075,000		3,151,875
US Foods, Inc. (b)	5.875	%	06/15/24		3,156,000		3,176,672
							27,345,598
Energy - 11.8%
Aker BP ASA (b)	6.000	%	07/01/22		777,000		788,655
Aker BP ASA (b)	5.875	%	03/31/25		500,000		519,898
Apergy Corp.	6.375	%	05/01/26		11,500,000		10,984,685
Barrett Bill Corp. (d)	7.000	%	10/15/22		9,466,000		2,366,500
Energen Corp.	7.125	%	02/15/28		4,375,000		5,022,623
Floatel International Ltd. (d)	9.000	%	04/11/24		600,000		45,000
Floatel International Ltd. (d)	12.750	%	04/11/24		600,000		18,000
Floatel International Ltd. (d)	0.000	%	04/11/60		38,250		38,250
Floatel International Ltd. (d)	0.000	%	04/11/60		27,000		27,000
Leviathan Energy	6.500	%	06/30/27		250,000		259,375
Leviathan Energy	6.750	%	06/30/30		6,210,000		6,427,350
Magnolia Oil & Gas Corp. (b)	6.000	%	08/01/26		12,082,000		11,840,360
New Fortress Energy, Inc. (b)	6.750	%	09/15/25		5,335,000		5,577,742
Oceaneering International, Inc.	6.000	%	02/01/28		545,000		340,897
Parsley Energy LLC (b)	5.375	%	01/15/25		2,323,000		2,317,192
Rattler Midstream LP (b)	5.625	%	07/15/25		3,050,000		3,072,875
Viper Energy Partners LP (b)	5.375	%	11/01/27		1,100,000		1,083,500
Welltec A/S (b)	9.500	%	12/01/22		11,042,000		9,716,960
WPX Energy, Inc.	5.250	%	09/15/24		3,525,000		3,683,625
							64,130,487

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 94.4% (Continued) Coupon Maturity Shares / Par Value Fair Value

Financial Services - 10.2%
Aircastle Ltd.	4.250	%	06/15/26	$	1,275,000	$	1,178,946
Alliance Data Systems Corp. (b)	4.750	%	12/15/24		4,000,000		3,749,200
Alliance Data Systems Corp. (b)	7.000	%	01/15/26		9,000,000		8,955,900
Credit Acceptance Corp. (b)	5.125	%	12/31/24		4,550,000		4,518,286
Credit Acceptance Corp.	6.625	%	03/15/26		7,750,000		8,001,875
FirstCash, Inc. (b)	4.625	%	09/01/28		3,500,000		3,578,750
FS KKR Capital Corp.	4.125	%	02/01/25		3,090,000		3,070,052
FS KKR Capital Corp. II (b)	4.250	%	02/14/25		3,200,000		3,020,746
Nationstar Mortgage LLC (b)	6.000	%	01/15/27		4,629,000		4,718,617
Nationstar Mortgage LLC (b)	5.500	%	08/15/28		2,460,000		2,456,925
PennyMac Financial Services, Inc. (b)	5.375	%	10/15/25		4,700,000		4,758,750
PRA Group, Inc. (b)	7.375	%	09/01/25		1,500,000		1,564,320
Quicken Loans LLC (b)	3.875	%	03/01/31		2,450,000		2,419,375
Wand Merger Corp. (b)	9.125	%	07/15/26		3,200,000		3,432,000
							55,423,742
Health Care - 5.1%
Davita, Inc. (b)	3.750	%	02/15/31		5,766,000		5,555,829
Emergent Biosolutions, Inc. (b)	3.875	%	08/15/28		3,550,000		3,563,951
Molina Healthcare, Inc. (b)	4.875	%	06/15/25		4,366,000		4,453,320
Par Pharmaceutical, Inc. (b)	7.500	%	04/01/27		1,150,000		1,204,832
Teva Pharmaceuticals Finance Netherlands III BV	3.150	%	10/01/26		1,200,000		1,059,000
Teva Pharmaceuticals Financial Co. BV	2.200	%	07/21/21		3,102,000		3,075,633
Teva Pharmaceuticals Financial Co. BV	2.950	%	12/18/22		4,398,000		4,275,428
Teva Pharmaceuticals Financial Co. BV	2.800	%	07/21/23		5,100,000		4,876,875
							28,064,868
Insurance - 4.0%
AssuredPartners, Inc. (b)	7.000	%	08/15/25		4,950,000		5,041,822
GTCR AP Finance, Inc. (b)	8.000	%	05/15/27		480,000		508,800
Hub International Ltd. (b)	7.000	%	05/01/26		4,184,000		4,335,670
MGIC Investment Corp.	5.250	%	08/15/28		1,900,000		1,965,930
Radian Group, Inc.	6.625	%	03/15/25		1,100,000		1,160,500
Radian Group, Inc.	4.875	%	03/15/27		8,900,000		8,855,500
							21,868,222

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 94.4% (Continued) Coupon Maturity Shares / Par Value Fair Value

Leisure - 10.7%
CCM Merger, Inc. (b)	6.000	%	03/15/22	$	1,877,000	$	1,850,309
Golden Nugget, Inc. (b)	6.750	%	10/15/24		6,600,000		5,511,000
Live Nation Entertainment, Inc. (b)	4.875	%	11/01/24		2,458,000		2,378,115
Live Nation Entertainment, Inc. (b)	5.625	%	03/15/26		5,025,000		4,849,125
Speedway Motorsports LLC (b)	4.875	%	11/01/27		6,100,000		5,854,170
Station Casinos LLC (a)(b)	5.000	%	10/01/25		5,625,000		5,532,469
Station Casinos LLC (b)	4.500	%	02/15/28		3,050,000		2,821,250
Viking Cruises Ltd. (b)	6.250	%	05/15/25		6,700,000		5,259,500
Viking Cruises Ltd. (b)	13.000	%	05/15/25		2,000,000		2,315,000
Wyndham Destinations, Inc. (b)	6.625	%	07/31/26		5,293,000		5,545,000
Wyndham Destinations, Inc. (b)	4.625	%	03/01/30		2,200,000		2,123,000
Wynn Las Vegas LLC (b)	5.500	%	03/01/25		9,800,000		9,408,000
XHR LP (b)	6.375	%	08/15/25		5,100,000		5,100,000
							58,546,938
Media - 3.5%
Cimpress plc (b)	7.000	%	06/15/26		12,994,000		12,311,815
Twitter, Inc. (b)	3.875	%	12/15/27		6,600,000		6,890,400
							19,202,215
Real Estate - 4.5%
Forestar Group, Inc. (b)	8.000	%	04/15/24		1,755,000		1,847,138
Forestar Group, Inc. (b)	5.000	%	03/01/28		4,439,000		4,483,390
Kennedy Wilson, Inc.	5.875	%	04/01/24		5,650,000		5,621,750
New Residential Investment Corp. (b)	6.250	%	10/15/25		8,750,000		8,622,950
RHP Hotel Properties LP	5.000	%	04/15/23		4,000,000		3,917,080
							24,492,308

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 94.4% (Continued) Coupon Maturity Shares / Par Value Fair Value

Retail - 12.5%
Abercrombie & Fitch Management Co. (b)	8.750	%	07/15/25	$	3,500,000	$	3,683,750
ANGI Group LLC (b)	3.875	%	08/15/28		5,000,000		4,950,000
Carvana Co. (b)	8.875	%	10/01/23		5,000,000		5,221,900
DriveTime Automotive Group, Inc. (a)(b)	8.000	%	06/01/21		6,200,000		6,215,500
GrubHub Holdings, Inc. (b)	5.500	%	07/01/27		8,650,000		8,979,781
Hanesbrands, Inc. (b)	4.625	%	05/15/24		3,125,000		3,249,344
IRB Holding Corp. (a)(b)	6.750	%	02/15/26		6,700,000		6,700,000
Liberty Interactive LLC (a)	8.500	%	07/15/29		4,925,000		5,306,688
Liberty Interactive LLC	8.250	%	02/01/30		445,000		481,174
Macy's, Inc. (a)(b)	8.375	%	06/15/25		1,800,000		1,861,074
Nathan's Famous, Inc. (b)	6.625	%	11/01/25		7,350,000		7,460,250
Nordstrom, Inc. (a)	4.375	%	04/01/30		10,741,000		8,683,741
QVC, Inc.	5.450	%	08/15/34		4,700,000		4,641,250
Wolverine World Wide, Inc. (b)	6.375	%	05/15/25		1,000,000		1,055,000
							68,489,452
Services - 5.2%
IAA Spinco, Inc. (b)	5.500	%	06/15/27		1,100,000		1,145,375
KAR Auction Services, Inc. (b)	5.125	%	06/01/25		5,500,000		5,499,890
Korn Ferry International (b)	4.625	%	12/15/27		6,700,000		6,767,000
MasTec, Inc. (b)	4.500	%	08/15/28		4,950,000		4,999,500
Sabre Global, Inc. (b)	7.375	%	09/01/25		5,590,000		5,645,900
Uber Technologies, Inc. (b)	7.500	%	11/01/23		1,000,000		1,041,700
Uber Technologies, Inc. (b)	8.000	%	11/01/26		2,200,000		2,343,000
Uber Technologies, Inc. (b)	7.500	%	09/15/27		945,000		1,008,787
							28,451,152
Technology & Electronics - 3.8%
Logan Merger Sub, Inc. (b)	5.500	%	09/01/27		4,675,000		4,745,125
MTS Systems Corp. (b)	5.750	%	08/15/27		4,000,000		3,938,800
NCR Corp. (b)	5.000	%	10/01/28		6,250,000		6,242,187
TripAdvisor, Inc. (b)	7.000	%	07/15/25		5,800,000		6,046,500
							20,972,612
Telecommunications - 3.1%
HTA Group Ltd. (b)	7.000	%	12/18/25		4,150,000		4,335,713
LCPR Senior Secured Financing Designated Activity Co. (b)	6.750	%	10/15/27		4,950,000		5,172,750
Viasat, Inc. (b)	5.625	%	09/15/25		4,700,000		4,606,000
Viasat, Inc. (a)(b)	6.500	%	07/15/28		2,727,000		2,730,954
							16,845,417

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Corporate Bonds - 94.4% (Continued) Coupon Maturity Shares / Par Value Fair Value

Transportation - 1.6%
American Airlines, Inc. (a)(b)	11.750	%	07/15/25	$	2,000,000	$	1,930,000
Continental Airlines Pass-Through Trust, Series 2012-2	5.500	%	04/29/22		86,092		85,063
Delta Air Lines, Inc.	2.900	%	10/28/24		7,250,000		6,452,500
U.S. Airways Pass-Through Trust, Series 2012-2	6.750	%	12/03/22		195,657		179,654
							8,647,217
Total Corporate Bonds (Cost $499,964,352)						$	515,410,773

Securitized - 0.6%	Coupon			Maturity		Shares / Par Value		Fair Value
ABS-Other - 0.0% (e)
Access Point Financial, Inc., Series 2017-A, Class C (b)(d)		5.820	%		04/15/29		250,000		248,001
Auto Loan - 0.1%
Skopos Auto Receivables Trust, Series 2019-1, Class D (b)		5.240	%		04/15/25		320,000		326,429
Consumer - 0.4%
Freedom Financial, Series 2020-FP1, Class C (b)		4.370	%		03/18/27		1,000,000		962,613
Mariner Finance Issuance Trust, Series 2018-A, Class D (b)		6.570	%		11/20/30		275,000		277,248
Prosper Marketplace Issuance Trust, Series 2019-4A, Class C (b)		4.950	%		02/17/26		1,000,000		993,656
									2,233,517
Credit Cards - 0.1%
Fortiva Retail Credit Master Note, Series 2018-1, Class C (b)		7.730	%		11/15/23		250,000		250,823
Total Securitized (Cost $3,094,463)								$	3,058,770

Registered Investment Companies - 5.5%	Shares		Fair Value
State Street Institutional US Government Money Market Fund, Premier Class, 0.03% (f)		20,693,553		20,693,553

Diamond Hill High Yield Fund

Schedule of Investments (Continued)

Registered Investment Companies - 5.5% (Continued) Shares Fair Value

State Street Navigator Securities Lending Portfolio I, 0.08% (f)(g)	9,489,093	$	9,489,093
Total Registered Investment Companies (Cost $30,182,646)		$	30,182,646
Total Investment Securities - 100.5% (Cost $533,241,461)		$	548,652,189
Liabilities in Excess of Other Assets - (0.5)%			(2,668,451	)
Net Assets - 100.0%		$	545,983,738

(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2020 was $10,539,200.
(b)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2020 was $354,911,088, representing 65.0% of net assets.
(c)	Variable rate security. The rate shown is the effective interest rate as of September 30, 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, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.
(d)	Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2020 was $2,742,751, representing 0.5% of net assets.
(e)	Percentage rounds to less than 0.1%.
(f)	The rate shown is the 7-day effective yield as of September 30, 2020.
(g)	This security was purchased with cash collateral held from securities on loan.

A/S -	Aktieselskab
ASA -	Allmennaksjeselskap
BV -	Besloten Vennootschap
LIBOR -	London Interbank Offered Rate
plc -	Public Limited Company

See accompanying notes to Schedules of Investments.

Diamond Hill Funds
Notes to Schedules of Investments and Investments Sold Short
September 30, 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 Securitized Bond Fund (formerly 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 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 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 September 30, 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*	$	439,293,451	$	-	$	-	$	439,293,451
Registered Investment Companies		15,170,574		-		-		15,170,574
Total	$	454,464,025	$	-	$	-	$	454,464,025
Small-Mid Cap Fund
Common Stocks*	$	1,523,705,404	$	-	$	-	$	1,523,705,404
Registered Investment Companies		115,403,424		-		-		115,403,424
Total	$	1,639,108,828	$	-	$	-	$	1,639,108,828
Mid Cap Fund
Common Stocks*	$	203,117,774	$	-	$	-	$	203,117,774
Registered Investment Companies		15,522,692		-		-		15,522,692
Total	$	218,640,466	$	-	$	-	$	218,640,466

Investments in Securities (Assets)	Level 1 - Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Large Cap Fund
Common Stocks*	$	6,732,769,690	$	-	$	-	$	6,732,769,690
Registered Investment Companies		169,841,728		-		-		169,841,728
Total	$	6,902,611,418	$	-	$	-	$	6,902,611,418
All Cap Select Fund
Common Stocks*	$	256,097,750	$	-	$	-	$	256,097,750
Registered Investment Companies		10,546,985		-		-		10,546,985
Total	$	266,644,735	$	-	$	-	$	266,644,735
Long-Short Fund
Common Stocks*	$	1,718,812,334	$	-	$	-	$	1,718,812,334
Registered Investment Companies		582,751,411		-		-		582,751,411
Total	$	2,301,563,745	$	-	$	-	$	2,301,563,745
Research Opportunities Fund
Common Stocks*	$	34,033,985	$	1,483,309	$	-	$	35,517,294
Registered Investment Companies		8,686,468		-		-		8,686,468
Total	$	42,720,453	$	1,483,309	$	-	$	44,203,762
Global Fund
Common Stocks*	$	8,212,943	$	5,629,817	$	-	$	13,842,760
Registered Investment Companies		449,661		-		-		449,661
Total	$	8,662,604	$	5,629,817	$	-	$	14,292,421
International Fund
Common Stocks*	$	4,148,801	$	8,917,869	$	-	$	13,066,670
Registered Investment Companies		637,443		-		-		637,443
Total	$	4,786,244	$	8,917,869	$	-	$	13,704,113
Short Duration Fund
Corporate Credit*	$	-	$	16,464,246	$	-	$	16,464,246
Securitized*		-		910,777,300		-		910,777,300
Registered Investment Companies		102,206,662		-		-		102,206,662
Total	$	102,206,662	$	927,241,546	$	-	$	1,029,448,208

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*	$	-	$	39,618,312	$	-	$	39,618,312
Government Related*		-		1,320,396		-		1,320,396
Securitized*		-		142,372,622		-		142,372,622
Treasury		-		40,448,806		-		40,448,806
Registered Investment Companies		25,740,265		-		-		25,740,265
Total	$	25,740,265	$	223,760,136	$	-	$	249,500,401
Corporate Credit Fund
Collateralized Debt Obligations	$	-	$	1,402,721	$	-	$	1,402,721
Corporate Bonds*		-		1,497,671,888		-		1,497,671,888
Registered Investment Companies		108,455,379		-		-		108,455,379
Total	$	108,455,379	$	1,499,074,609	$	-	$	1,607,529,988
High Yield Fund
Corporate Bonds*	$	-	$	515,410,773	$	-	$	515,410,773
Securitized*		-		3,058,770		-		3,058,770
Registered Investment Companies		30,182,646		-		-		30,182,646
Total	$	30,182,646	$	518,469,543	$	-	$	548,652,189

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*	$	(546,346,667	)	$	-	$	-	$	(546,346,667	)
Total	$	(546,346,667	)	$	-	$	-	$	(546,346,667	)
Research Opportunities Fund
Common Stocks*	$	(6,661,990	)	$	-	$	-	$	(6,661,990	)
Total	$	(6,661,990	)	$	-	$	-	$	(6,661,990	)

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

There were no transfers into or out of Level 3 for the nine months ended September 30, 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 “Cash deposits with custodian for securities sold short” on the Statements of Assets & Liabilities and “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 September 30, 2020, the fair value of securities on loan and the collateral held were as follows:

	Fair Value of Securities Loaned		Cash Collateral		Non-Cash Collateral*		Total Collateral
Small Cap Fund	$	2,011,726	$	-	$	2,100,664	$	2,100,664
Small-Mid Cap Fund		11,830,231		7,266,209		4,880,425		12,146,634
Large Cap Fund		98,359,572		5,704,733		94,297,627		100,002,360
All Cap Select Fund		6,137,941		1,088,982		5,097,142		6,186,124
Long-Short Fund		379,683,194		385,284,728		-		385,284,728
Research Opportunities Fund		8,473,669		8,621,462		-		8,621,462
Global Fund		249,756		158,696		93,021		251,717
International Fund		24,068		24,650		-		24,650
Short Duration Fund		102,500		105,750		-		105,750
Core Bond Fund		18,491,493		13,221,498		5,841,398		19,062,896
Corporate Credit Fund		34,582,172		34,139,148		1,727,220		35,866,368
High Yield Fund		10,539,200		9,489,093		2,586,218		12,075,311

* 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. The Mid Cap Fund did not have any securities on loan or collateral as of September 30, 2020.

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 September 30, 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	$	359,386,142		$	1,632,685,219		$	231,386,527		$	5,476,377,052
Gross unrealized appreciation		127,354,896			259,701,145			24,905,840			1,755,346,014
Gross unrealized depreciation		(32,277,013	)		(253,277,536	)		(37,651,901	)		(329,111,648	)
Net unrealized appreciation (depreciation) on portfolio investments	$	95,077,883		$	6,423,609		$	(12,746,061	)	$	1,426,234,366

	All Cap Select Fund			Long-Short Fund			Research Opportunities Fund			Global Fund
Tax cost of portfolio investments	$	240,871,251		$	1,472,532,703		$	34,311,806		$	14,978,994
Gross unrealized appreciation		42,229,740			377,761,732			6,255,713			1,084,168
Gross unrealized depreciation		(16,456,256	)		(95,077,357	)		(3,025,747	)		(1,770,741	)
Net unrealized appreciation (depreciation) on portfolio investments	$	25,773,484		$	282,684,375		$	3,229,966		$	(686,573	)

	International Fund			Short Duration Fund			Core Bond Fund			Corporate Credit Fund
Tax cost of portfolio investments	$	14,401,148		$	1,035,939,836		$	238,867,421		$	1,596,728,946
Gross unrealized appreciation		1,179,742			19,386,486			11,876,482			42,832,688
Gross unrealized depreciation		(1,876,777	)		(25,878,114	)		(1,243,502	)		(32,031,646	)
Net unrealized appreciation (depreciation) on portfolio investments	$	(697,035	)	$	(6,491,628	)	$	10,632,980		$	10,801,042

	High Yield Fund
Tax cost of portfolio investments	$	534,817,080
Gross unrealized appreciation		19,750,226
Gross unrealized depreciation		(5,915,117	)
Net unrealized appreciation on portfolio investments	$	13,835,109

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

4. Affiliated Investments

Information regarding the Funds’ holdings in the Short Duration Fund during the nine months ended September 30, 2020 is as follows:

Affiliated Fund	Diamond Hill Small-Mid Cap Fund			Diamond Hill Mid Cap Fund			Diamond Hill Long-Short Fund			Diamond Hill Corporate Credit Fund
Diamond Hill Short Duration Securitized Bond Fund
Value, December 31, 2019	$	40,751,490		$	2,345,400		$	68,433,025		$	51,021,763
Purchases		764,699			45,841			1,403,935			3,582,895
Sales		(15,000,000	)		(700,000	)		(29,000,000	)		(50,408,725	)
Realized Losses		(9,029	)		(75,396	)		(1,141,774	)		(4,046,880	)
Change in Unrealized Appreciation/Depreciation		(528,058	)		(29,723	)		(835,494	)		(149,053	)
Value, September 30, 2020	$	25,979,102		$	1,586,122		$	38,859,692		$	-
Income Distributions	$	764,699		$	45,841		$	1,403,935		$	592,741

Subsequent Events

The Funds evaluated events from September 30, 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 except for the following:

On July 21, 2020 the Board of Trustees approved an Agreement and Plan of Reorganization to merge the Research Opportunities Fund with and into the Long-Short Fund. The merger was approved by the Research Opportunities shareholders on October 20, 2020. The tax-free reorganization took place on October 23, 2020.