Period And Average Annual Total Returns
as of February 28, 2017

  PERIOD AND AVERAGE ANNUAL TOTAL RETURNS AS OF 2/28/2017 AS OF 3/28/2017
Since Inception (7/5/2016) 3MO. Feb. NAV YTD RETURN TOTAL EXP. RATIO
Returns At Nav (Without Sales Charge)
Class A (DHRAX)
-1.31% 0.96% 0.70% 0.99% 0.79%
Class I (DHRIX)
-1.13 1.02 0.72 1.03 0.49
Class Y (DHRYX)
-1.09 1.04 0.73 1.15 0.39
Benchmark
Bloomberg Barclays U.S. Aggregate Index
-2.371.010.67
Returns At Pop (With Sales Charge)
Class A (DHRAX)
-4.74 -2.55 -2.80 -2.53 0.79

Standardized Returns (Average Annual Total Returns as of December 31, 2016 )

Performance is not guaranteed. The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days, at diamond-hill.com.

FEES AND EXPENSES

CLASS A CLASS I CLASS Y
Ticker
DHRAX DHRIX DHRYX
CUSIP
25264S528 25264S510 25264S494
Minimum Initial Investment
$2,500 $2,500 $500,000
Maximum Front-End Sales Charge
3.50% None None
Management Fee
0.30% 0.30% 0.30%
Distribution Fee (12b-1)
0.25% None None
Other Expenses
0.24% 0.19% 0.09%
Total Expense Ratio
0.79% 0.49% 0.39%

Certain Funds may invest in one or more Diamond Hill Funds. The Fund’s adviser has contractually agreed to waive fees in the pro-rata amount of the management fee charged by the underlying Diamond Hill Fund on the Fund’s investment in such other Diamond Hill Funds. This waiver is in effect through March 1, 2018, at which time the adviser will determine whether to renew or revise it.

Risk Disclosure: The value of fixed-income securities varies inversely with interest rates; as interest rates rise, the market value of fixed-income securities will decline. Lower quality debt (ie: “High Yield”) securities involve greater risk of default or price changes due to potential changes in the issuer’s credit quality. The value of investments in mortgage-related and asset-backed securities will be influenced by the factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties, become more volatile and/or become illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or otherwise repay their loans sooner than expected, creating an early return of principal to holders of the loans.

The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days, at diamond-hill.com.

Performance returns assume reinvestment of all distributions. Returns for periods less than one year are not annualized. The total return figures for the Fund reflect the maximum sales charge applicable to each class. These total return figures may reflect the waiver of a portion of a Fund’s advisory or administrative fees for certain periods. In such instances, and without such waiver of fees, the total returns would have been lower. The maximum sales charge for A shares of the Short Duration Total Return Fund is 2.25%, the maximum sales charge for A shares of the Core Bond Fund is 3.50%; I shares and Y shares have no sales charge.

The Bloomberg Barclays U.S. 1-3 Yr. Gov./Credit Index is an unmanaged index of investment grade government and corporate bonds with maturities of one to three years. The Bloomberg Barclays U.S. Aggregate Index is an unmanaged index representing the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through, and asset-backed securities. These indices does not incur fees and expenses (which would lower the return) and are not available for direct investment.

An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus or summary prospectus contain this and other important information about the Fund(s) and are available at diamond-hill.com or by calling 888.226.5595. Please read the prospectus or summary prospectus carefully before investing. The Diamond Hill Funds are distributed by BHIL Distributors, LLC (Member FINRA). Diamond Hill Capital Management, Inc., a registered investment adviser, serves as investment adviser to the Diamond Hill Funds and is paid a fee for its services. Diamond Hill Funds are not FDIC insured, may lose value, and have no bank guarantee.

back to top