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Fund governance

Representing our shareholders' interests

Diamond Hill Funds are committed to following sound corporate governance principles. We recognize that the key to our relationship with shareholders is trust. To build this trust, we are committed to providing full disclosure and transparency regarding fund governance. The Board of Trustees represent the interests of shareholders. The Board, along with the executive officers, are constantly guided by their fiduciary responsibility to act in the best interests of the shareholders they serve.

Board responsibilities

The trustees oversee all the portfolios and, among other duties, are responsible for:

  • Overseeing and reviewing fund performance.
  • Overseeing each fund's business, including the quality of its administrative, custody, distribution and investor services, pricing and fund audits.
  • Reviewing the fees that Diamond Hill charges and negotiating new fees where appropriate.
  • Reviewing and approving each fund's operating expenses and any changes to its investment objective and strategy.

Board members and management

Independent board of trustees

Tamara Fagely

Education

  • FINRA Series 6, 26, 27 Licenses (inactive)
  • Certified Public Accountant (CPA), inactive
  • B.S. in Accounting, Winona State University (summa cum laude)

Experience

  • 2014-Present Retired
  • 2017-Present Independent Trustee of Allianz Variable Insurance Products Trust and Allianz Variable Insurance Products Fund of Funds Trust
  • 2001-2013 Chief Operations Officer, Hartford Funds
  • 1989-2001 Funds Treasurer, Fortis Financial Group
  • 1986-1989 Manager, Thrivent Financial for Lutherans
  • 1981-1986 Audit Manager, KPMG LLP

John Kelly-Jones

Education

  • BS in Finance, College of Commerce, University of Illinois
  • BA in German, College of Liberal Arts and Sciences, University of Illinois

Experience

  • 2018 – Present Retired
  • 2009 – 2017 Founding Partner, Independent Franchise Partners, LLP
  • 2001 – 2008 Vice President,(Executive Director and Managing Director, Morgan Stanley Asset Management, London
  • 1998 – 2001 Vice President, Morgan Stanley Dean Witter, Australia
  • 1996-1998 Development Manager, Lend Lease Development Study, Australia
  • 1995 – 1996 Director Sales and Marketing, BII Lend Lease Investment Services, Indonesia
  • 1992 – 1995 Assistant General Manager, Lend Lease Corporate Services, Australia
  • 1988-1992 Vice President, Citibank, Ltd., Austrialia
  • 1987 -1988 Manager, Renouf Corporation Australia, Ltd.
  • 1984 -1987 Associate, Loan Officer and Credit Analyst, Creditanstalt, New York

Nancy Morris

Education

  • BA in Sociology and Ethics, Hartwick College
  • JD, University of Idaho

Experience

  • 2018 – Present Retired
  • 2018 – Present Independent Director of Water Island Capital Funds
  • 2012 – 2018 Managing Director and Chief Compliance Officer, Wellington Management Company LLP
  • 2008 -2012 Executive Vice President And Chief U.S. Regulatory Counsel, Allianz Global Investors of America
  • 2004 – 2008 Attorney-Fellow and Secretary of the Securities and Exchange Commission
  • 1993 – 2004 Vice President and Associate Legal Counsel, T. Rowe Price Associates
  • 1992 – 1993 Senior Attorney, Fidelity Investments
  • 1985 – 1992 Attorney, Council to Commissioner, and Deputy Chief Counsel, Securities and Exchange Commission
  • 1983 – 1985 Associate, Sutherland, Asbill & Brennan

D'Ray Moore

Education

  • FINRA Series 7, 26, 63 Licenses (inactive)
  • BBA in Finance, University of Oklahoma

Experience

  • 2001-Present Retired, Community Volunteer
  • 2011-Present Independent Trustee of Advisors Investment Trust
  • 2003-2007 Independent Trustee of American Performance Funds
  • 1990-2001 Vice President, Client Services and Senior Vice President, Head of Relationship Management, Europe, BISYS Fund Services

Jody Foster

Education

  • MBA in Strategy and Finance, The University of Chicago Booth School of Business
  • MPP in International Political Economy, Georgetown University
  • BA in Political Science, Pace University

Experience

  • 2010-Present Chief Executive Officer, Symphony Consulting LLC, Atlanta
  • 2007-2009 Senior Consultant, Sapphire Consulting, London
  • 2003-2007 Director, JPMorgan Chase, Chicago and London
  • 2001-2003 International Research Manager, Driehaus Capital Management, Chicago
  • 1999-2001 Equity Analyst, Burridge Growth Partners, Chicago
  • 1996-1999 Equity Analyst, Clover Capital Management, New York
  • 1991-1996 Legislative Director, U.S. House of Representatives

Anthony Ghoston

Education

  • Marian University 2003-2004
  • Indiana University -Purdue University 1984-1988

Experience

  • 2020-Present CEO, President, Informational Resources Consulting
  • 2020-Present President & Founder, Seed In The Ground – nonprofit organization
  • 2010-2020 President, Chief Operating Officer, Chief Compliance Officer, Dividend Assets Capital, LLC
  • 2006-2010 CEO, Chief Operating Officer, Fund Administration Division, Huntington Assets Services, Inc.
  • 1989-2006 President, Chief Operating Officer, Chief Technology Officer, Unified Financial Services, Unified Fund Services, Inc.

Executive officers

Tom Line
Chief Financial Officer

Experience

  • 2014 - Present Diamond Hill
  • 2012 - 2014 Chief Operating Officer, Lancaster Pollard & Company
  • 2005 - 2012 Managing Director and Chief Financial Officer, Red Capital Group
  • 2004 - 2005 Vice President and Treasurer, Red Capital Group
  • 2002 - 2004 President, Focused Financial Consulting, Inc.
  • 1998 - 2002 Chief Operating Officer, Meeder Financial, Inc.
  • 1996 - 1998 Vice President and Treasurer, BISYS Fund Services, Inc.
  • 1989 - 1996 Audit Senior Manager, KPMG

Education

  • Certified Public Accountant (CPA), inactive
  • BS in Accounting, Wake Forest University

Gary Young
Chief Compliance & Risk Officer

Experience

  • 2004 - Present Diamond Hill
  • 1998 - 2004 Director – Mutual Fund Administration, Banc One Investment Advisors
  • 1996 - 1998 Vice President – Mutual Fund Accounting and Financial Reporting, First Chicago NBD
  • 1991 - 1996 Internal Audit responsible for Investment Management, NBD Bank

Education

  • Investment Adviser Certified Compliance Professional (IACCP®)
  • Certified Bank Auditor, inactive, 1995
  • BSBA in Accounting, Central Michigan University

Karen Colvin
Director – Fund Administration & Sales Support

Experience

  • 2009 - Present Diamond Hill Capital Management, Inc.
  • 2000 - 2009 AVP NF Investment Offerings – Nationwide Financial, Inc.
  • 1998 - 2000 Director of Product Development – Villanova Capital, Inc.
  • 1996 - 1998 Fund Accounting Manager – Nationwide Advisory Services, Inc.
  • 1988 - 1996 Audit Manager – Coopers & Lybrand, L.L.P.

Education

  • FINRA Series 6, 7, 24, 26, 27 and 63 Licenses
  • Certified Public Accountant (CPA), inactive
  • BS in Accounting, Miami University (magna cum laude)

Julie Roach
Treasurer – Diamond Hill Funds

Experience

  • 2017 - Present Diamond Hill Capital Management, Inc.
  • 2012 - 2017 Executive Director, Assistant Treasurer, Head of Valuation Oversight, J.P. Morgan Asset Management
  • 1993 - 2012 Senior Manager, Audit & Enterprise Risk Services, Deloitte & Touche LLP

Education

  • Certified Public Accountant (CPA)
  • BSBA in Accounting, University of Dayton

Contact the independent trustees

Shareholders of the Diamond Hill Funds can send written communications (which should note the shareholder's full name and the number of shares held in each Diamond Hill Fund) for the independent trustees to trustees@diamond-hill.com or to:

Independent Trustees of Diamond Hill Funds
C/O Tom Line, President
325 John H. McConnell Blvd., Suite 200
Columbus, OH 43215

Disclosure of personal holdings in Diamond Hill Funds

Board policies and fund governance guidelines

Committee charters

DIAMOND HILL® CAPITAL MANAGEMENT, INC. | DIAMOND-HILL.COM | 855.255.8955 | 325 JOHN H. MCCONNELL BLVD | SUITE 200 | COLUMBUS, OHIO 43215
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