Quarter End Average Annual Total Returns as of June 30, 2017

Since Inception (12/30/2011) 5-YR 3-YR 1-YR 2Q17
DHVW NAV
15.40% 14.74% 9.52% 21.22% 3.32%
DHVW Market Price
NA NA NA 21.79 3.44
Benchmark
NA NA 9.41 21.36 3.35
S&P 500 Index
15.09 14.63 9.61 17.90 3.09

Calendar Year Returns

  2012 2013 2014 2015 2016
DHVW NAV
17.31% 32.86% 13.32% 0.59% 12.22%
DHVW Market Price
0 0 0 0 11.82
Benchmark
DHVW 500 Index
0 0 12.69 0.28 12.42
S&P 500 Index
16 32.39 13.69 1.38 11.96

Prior to 5/11/2015, the performance shown is that of the predecessor partnership and is not performance of the fund.

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 sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.

The quoted performance for the Fund reflects the past performance of Diamond Hill Valuation-Weighted 500, L.P., a private fund that has used the same Index methodology as the Fund since the Partnership’s inception. The assets of the Partnership were converted into assets of the fund upon the commencement of operation of the fund. The performance of the Partnership has been restated to reflect the net expenses of the fund for its initial years of investment operations. Performance is measured from December 30, 2011, the inception of the Partnership. The Partnership was not registered under the Investment Company Act of 1940 (the “1940 Act”) and, from its inception on December 30, 2011 was not subject to certain investment restrictions, diversification requirements and other restrictions of the 1940 Act or Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), which, if they had been applicable, might have adversely affected the Partnership’s performance. The Partnership’s past performance is not necessarily an indication of how the Fund will perform in the future.

Premium/Discount as of June 30, 2017

Days within +/-0.5% of NAV 125
Percent within +/-0.5% of NAV 100.0%
Total Number of Trading Days 125
Days > 1% of NAV 0
Days 0.5-0.99% of NAV 0
Days 0.5-0.99% of NAV 60
Days 0.5-0.99% of NAV 65
Days 0.5-0.99% of NAV 0
Days 0.5-0.99% of NAV 0

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Past performance cannot be used to predict future results.

Risk Disclosure: The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. The Index relies heavily on proprietary quantitative models as well as information and data supplied by third parties (Models and Data). Because the Index is composed based on such Models and Data, when such Models and Data prove to be incorrect or incomplete, the Index and Fund may not perform as expected. As with all index funds, the performance of the Fund and its Index may differ from each other for a variety of reasons. For example, the Fund incurs operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Fund may not be fully invested in the securities of the Index at all times or may hold securities not included in the Index.

Investments involve risk. Principal loss is possible. The Fund has the same risks as the underlying securities traded on the exchange through the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value.

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 800.617.0004. Please read the prospectus or summary prospectus carefully before investing. Diamond Hill Capital Management, Inc., a registered investment adviser, serves as investment adviser to the Diamond Hill Valuation-Weighted 500 ETF and is paid a fee for its services. The Diamond Hill Valuation-Weighted 500 ETF is not FDIC insured, may lose value, and has no bank guarantee.

Shares of the Diamond Hill Valuation-Weighted 500 ETF may be sold throughout the day on the exchange through any brokerage account. However, shares are not individually redeemable and may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.

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