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Corporate Credit Fund

Total Net Assets

$2.3B
as of 6/30/2021

Inception

September 30, 2002
DSIAX (Investor)
DHSTX (Class I)
DSIYX (Class Y)

Status

Open

Diamond Hill has entered into a definitive agreement to enable Brandywine Global Investment Management to acquire the business of the High Yield and Corporate Credit Funds. The transaction is expected to close in the third quarter of 2021 subject to customary closing conditions, including fund shareholder approval.

Learn More

Investment Strategy

  • Our primary focus is on evaluating the underlying business fundamentals and credit risk of corporate securities.
  • Securities are purchased when we believe the yield and total return potential are attractive relative to asset and interest coverage and relative to other securities with comparable risk.
  • We are prepared to hold securities to maturity or until they are called. However, securities may be sold when the gap between price and our estimate of value closes, to raise proceeds for a more attractive opportunity, or if the underlying fundamentals deteriorate.

Team

Douglas Gimple

Senior Portfolio Specialist

Documents

Fact Sheet

Fund Commentary

Returns

Monthly

 As of 7/30/2021 Period and Annualized Total Returns as of 6/30/2021 Expense Ratio
NAVYTD Return Since Inception
(9/30/2002)		 15-YR10-YR5-YR3-YR1-YR3MO.Jun. Total
Investor (DSIAX) 11.77 2.91 7.01 6.28 6.28 7.56 7.88 13.68 1.78 0.94 0.92
Class I (DHSTX) 11.72 3.01 7.31 6.61 6.58 7.87 8.18 14.08 1.87 0.97 0.63
Class Y (DSIYX) 11.72 3.18 7.23 6.55 6.68 8.01 8.32 14.13 1.90 0.99 0.51
Benchmark
ICE BofA U.S. Corporate & High Yield Index — — 6.17 6.08 5.42 5.39 7.73 5.35 3.46 1.62 —
Swipe or scroll right for more data

Quarterly

 As of 7/30/2021 Period and Annualized Total Returns as of 6/30/2021 Expense Ratio
NAVYTD Return Since Inception
(9/30/2002)		 15-YR10-YR5-YR3-YR1-YR3MO.Total
Investor (DSIAX) 11.77 2.91 7.01 6.28 6.28 7.56 7.88 13.68 1.78 0.92
Class I (DHSTX) 11.72 3.01 7.31 6.61 6.58 7.87 8.18 14.08 1.87 0.63
Class Y (DSIYX) 11.72 3.18 7.23 6.55 6.68 8.01 8.32 14.13 1.90 0.51
Benchmark
ICE BofA U.S. Corporate & High Yield Index — — 6.17 6.08 5.42 5.39 7.73 5.35 3.46 —
Swipe or scroll right for more data
Standardized Returns (Annualized Total Returns as of June 30, 2021 )

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 the periods less than one year are not annualized. Class I and Y shares include performance based on Investor shares for the Corporate Credit Fund which was achieved prior to the creation of Class I and Y shares. 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 return would have been lower.

Calendar Year Returns

Year Class I (DHSTX) ICE BofA U.S. Corporate & High Yield Index
2020 9.74 9.34
2019 13.20 14.28
2018 0.64 -2.21
2017 7.87 6.66
2016 12.21 7.97
2015 1.49 -1.37
2014 2.38 6.43
2013 5.30 0.34
2012 9.83 11.37
2011 5.53 6.80
2010 13.77 10.76
2009 32.69 26.00
2008 -14.55 -10.93
2007 -4.31 4.09
2006 10.74 6.19

Morningstar Ratings (Class I Shares)

Category

High Yield Bond

Fee Level

Below Average

Overall Rating

     

Analyst Rating

The Overall Morningstar RatingTM is based on 634 High Yield Bond funds derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year Morningstar Ratings as of 6/30/21.

Statistics

Portfolio Statistics1,2 as of June 30, 2021

Management Fee 0.45%
Distribution Frequency Monthly
Portfolio Turnover (12 months trailing) 152%
Number of Issues in Portfolio 126
Effective Duration 2.66
Weighted Average Maturity 5.65
Yield to Worst 3.63%
30 Day SEC Yield
Investor 2.77%
Class I 3.16%
Class Y 3.28%

Five Year Risk Statistics1 as of June 30, 2021 (Class I Shares)

Standard Deviation 6.86%
Sharpe Ratio 0.97

Portfolio

Portfolio Guidelines

The Fund generally invests at least 80% of its assets in investment grade6 and rated below-investment grade (high yield) corporate bonds, and will typically maintain an effective duration of less than five.

Top Ten Issues as of April 30, 2021

  % of Net Assets
Magnolia Oil & Gas Corp. 6.00% 08/01/26 2.1
Freedom Mortgage Corp. 8.13% 11/15/24 1.8
United Wholesale Mortgage 5.50% 04/15/29 1.7
GCP Applied Technologies, Inc. 5.50% 04/15/26 1.7
Grubhub Holdings, Inc. 5.50% 07/01/27 1.7
Cimpress PLC 7.00% 06/15/26 1.7
Angi Group LLC 3.88% 08/15/28 1.5
Uber Technologies, Inc. 8.00% 11/01/26 1.4
Syneos Health, Inc. 3.63% 01/15/29 1.4
National Financial Partners Corp. 6.88% 08/15/28 1.4
Total as % of Net Assets 16.5%

Sector Allocation3 as of June 30, 2021

Corporate Credit Fund ICE BofA U.S. Corporate & High Yield Index
Corporate Bonds 91.4 100.0
Financial Services 13.2 7.7
Energy 10.4 10.2
Leisure 10.2 1.4
Retail 8.6 3.9
Healthcare 8.3 9.4
Technology & Electronics 7.4 6.3
Insurance 6.8 3.9
Telecom 5.0 4.8
Basic Industry 4.5 4.5
Services 4.2 1.8
Consumer Goods 4.1 5.5
Media 2.8 4.6
Capital Goods 2.2 5.3
Banking 1.7 14.0
Real Estate 1.5 3.4
Transportation 0.5 2.4
Utility 0.0 8.0
Automotive 0.0 2.7
Cash & Other 8.6 0.0

Credit Quality4,5 as of June 30, 2021

Quality Rating % of Portfolio
Investment Grade 11.2
BB 34.7
B 46.5
CCC & Below 6.4
Not Rated 1.2

Distributions

Income Short-Term Long-Term Record Date Pay Date Reinvestment NAV
Investor (DSIAX) 0.0450 0.0790 — 07/28/21 07/30/21 11.77
Investor (DSIAX) 0.0410 — — 06/28/21 06/29/21 11.85
Investor (DSIAX) 0.0440 — — 05/26/21 05/28/21 11.78
Investor (DSIAX) 0.0440 — — 04/28/21 04/30/21 11.82
Investor (DSIAX) 0.0440 — — 03/29/21 03/31/21 11.76
Investor (DSIAX) 0.0390 — — 02/24/21 02/26/21 11.81
Investor (DSIAX) 0.0440 — — 01/27/21 01/29/21 11.81
Class C (DSICX) 0.0370 — — 01/27/21 01/29/21 11.76
Class I (DHSTX) 0.0470 0.0790 — 07/28/21 07/30/21 11.72
Class I (DHSTX) 0.0440 — — 06/28/21 06/29/21 11.81
Class I (DHSTX) 0.0470 — — 05/26/21 05/28/21 11.74
Class I (DHSTX) 0.0470 — — 04/28/21 04/30/21 11.77
Class I (DHSTX) 0.0470 — — 03/29/21 03/31/21 11.72
Class I (DHSTX) 0.0420 — — 02/24/21 02/26/21 11.76
Class I (DHSTX) 0.0470 — — 01/27/21 01/29/21 11.77
Class Y (DSIYX) 0.0490 0.0790 — 07/28/21 07/30/21 11.72
Class Y (DSIYX) 0.0460 — — 06/28/21 06/29/21 11.80
Class Y (DSIYX) 0.0480 — — 05/26/21 05/28/21 11.73
Class Y (DSIYX) 0.0480 — — 04/28/21 04/30/21 11.77
Class Y (DSIYX) 0.0480 — — 03/29/21 03/31/21 11.72
Class Y (DSIYX) 0.0430 — — 02/24/21 02/26/21 11.76
Class Y (DSIYX) 0.0480 — — 01/27/21 01/29/21 11.76
Investor (DSIAX) 0.0440 — — 12/29/20 12/31/20 11.80
Investor (DSIAX) — 0.1652 0.0051 12/11/20 12/15/20 11.78
Investor (DSIAX) 0.0440 — — 11/25/20 11/30/20 11.82
Investor (DSIAX) 0.0470 — — 10/28/20 10/30/20 11.53
Investor (DSIAX) 0.0440 — — 09/28/20 09/30/20 11.47
Investor (DSIAX) 0.0460 — — 08/27/20 08/31/20 11.56
Investor (DSIAX) 0.0460 — — 07/29/20 07/31/20 11.42
Investor (DSIAX) 0.0420 — — 06/26/20 06/30/20 11.08
Investor (DSIAX) 0.0420 — — 05/27/20 05/29/20 10.80
Investor (DSIAX) 0.0420 — — 04/28/20 04/30/20 10.37
Investor (DSIAX) 0.0500 — — 03/27/20 03/31/20 10.06
Investor (DSIAX) 0.0400 — — 02/26/20 02/28/20 11.53
Investor (DSIAX) 0.0420 — — 01/29/20 01/31/20 11.55
Class C (DSICX) 0.0360 — — 12/29/20 12/31/20 11.75
Class C (DSICX) — 0.1652 0.0051 12/11/20 12/15/20 11.72
Class C (DSICX) 0.0380 — — 11/25/20 11/30/20 11.77
Class C (DSICX) 0.0400 — — 10/28/20 10/30/20 11.48
Class C (DSICX) 0.0370 — — 09/28/20 09/30/20 11.43
Class C (DSICX) 0.0390 — — 08/27/20 08/31/20 11.51
Class C (DSICX) 0.0380 — — 07/29/20 07/31/20 11.37
Class C (DSICX) 0.0350 — — 06/26/20 06/30/20 11.03
Class C (DSICX) 0.0360 — — 05/27/20 05/29/20 10.76
Class C (DSICX) 0.0360 — — 04/28/20 04/30/20 10.33
Class C (DSICX) 0.0430 — — 03/27/20 03/31/20 10.02
Class C (DSICX) 0.0340 — — 02/26/20 02/28/20 11.49
Class C (DSICX) 0.0360 — — 01/29/20 01/31/20 11.51
Class I (DHSTX) 0.0470 — — 12/29/20 12/31/20 11.76
Class I (DHSTX) — 0.1652 0.0051 12/11/20 12/15/20 11.74
Class I (DHSTX) 0.0470 — — 11/25/20 11/30/20 11.78
Class I (DHSTX) 0.0490 — — 10/28/20 10/30/20 11.49
Class I (DHSTX) 0.0470 — — 09/28/20 09/30/20 11.43
Class I (DHSTX) 0.0490 — — 08/27/20 08/31/20 11.52
Class I (DHSTX) 0.0490 — — 07/29/20 07/31/20 11.38
Class I (DHSTX) 0.0440 — — 06/26/20 06/30/20 11.04
Class I (DHSTX) 0.0440 — — 05/27/20 05/29/20 10.77
Class I (DHSTX) 0.0450 — — 04/28/20 04/30/20 10.34
Class I (DHSTX) 0.0520 — — 03/27/20 03/31/20 10.02
Class I (DHSTX) 0.0430 — — 02/26/20 02/28/20 11.49
Class I (DHSTX) 0.0450 — — 01/29/20 01/31/20 11.51
Class Y (DSIYX) 0.0490 — — 12/29/20 12/31/20 11.75
Class Y (DSIYX) — 0.1652 0.0051 12/11/20 12/15/20 11.73
Class Y (DSIYX) 0.0480 — — 11/25/20 11/30/20 11.78
Class Y (DSIYX) 0.0510 — — 10/28/20 10/30/20 11.48
Class Y (DSIYX) 0.0480 — — 09/28/20 09/30/20 11.43
Class Y (DSIYX) 0.0500 — — 08/27/20 08/31/20 11.51
Class Y (DSIYX) 0.0500 — — 07/29/20 07/31/20 11.37
Class Y (DSIYX) 0.0450 — — 06/26/20 06/30/20 11.03
Class Y (DSIYX) 0.0450 — — 05/27/20 05/29/20 10.76
Class Y (DSIYX) 0.0460 — — 04/28/20 04/30/20 10.33
Class Y (DSIYX) 0.0530 — — 03/27/20 03/31/20 10.02
Class Y (DSIYX) 0.0440 — — 02/26/20 02/28/20 11.49
Class Y (DSIYX) 0.0460 — — 01/29/20 01/31/20 11.51
Investor (DSIAX) 0.0460 — — 12/27/19 12/31/19 11.48
Investor (DSIAX) — 0.0694 0.0165 12/11/19 12/13/19 11.46
Investor (DSIAX) 0.0450 — — 11/26/19 11/29/19 11.48
Investor (DSIAX) 0.0470 — — 10/29/19 10/31/19 11.46
Investor (DSIAX) 0.0470 — — 09/26/19 09/30/19 11.44
Investor (DSIAX) 0.0480 — — 08/28/19 08/30/19 11.53
Investor (DSIAX) 0.0510 — — 07/29/19 07/31/19 11.44
Investor (DSIAX) 0.0480 — — 06/26/19 06/28/19 11.41
Investor (DSIAX) 0.0490 — — 05/29/19 05/31/19 11.28
Investor (DSIAX) 0.0470 — — 04/26/19 04/30/19 11.35
Investor (DSIAX) 0.0500 — — 03/27/19 03/29/19 11.21
Investor (DSIAX) 0.0440 — — 02/26/19 02/28/19 11.11
Investor (DSIAX) 0.0520 — — 01/29/19 01/31/19 11.04
Class C (DSICX) 0.0390 — — 12/27/19 12/31/19 11.44
Class C (DSICX) — 0.0694 0.0165 12/11/19 12/13/19 11.41
Class C (DSICX) 0.0390 — — 11/26/19 11/29/19 11.44
Class C (DSICX) 0.0380 — — 10/29/19 10/31/19 11.42
Class C (DSICX) 0.0400 — — 09/26/19 09/30/19 11.40
Class C (DSICX) 0.0410 — — 08/28/19 08/30/19 11.49
Class C (DSICX) 0.0430 — — 07/29/19 07/31/19 11.40
Class C (DSICX) 0.0410 — — 06/26/19 06/28/19 11.37
Class C (DSICX) 0.0410 — — 05/29/19 05/31/19 11.24
Class C (DSICX) 0.0400 — — 04/26/19 04/30/19 11.31
Class C (DSICX) 0.0430 — — 03/27/19 03/29/19 11.17
Class C (DSICX) 0.0380 — — 02/26/19 02/28/19 11.07
Class C (DSICX) 0.0460 — — 01/29/19 01/31/19 11.00
Class I (DHSTX) 0.0490 — — 12/27/19 12/31/19 11.44
Class I (DHSTX) — 0.0694 0.0165 12/11/19 12/13/19 11.42
Class I (DHSTX) 0.0480 — — 11/26/19 11/29/19 11.45
Class I (DHSTX) 0.0500 — — 10/29/19 10/31/19 11.42
Class I (DHSTX) 0.0490 — — 09/26/19 09/30/19 11.40
Class I (DHSTX) 0.0500 — — 08/28/19 08/30/19 11.49
Class I (DHSTX) 0.0540 — — 07/29/19 07/31/19 11.40
Class I (DHSTX) 0.0500 — — 06/26/19 06/28/19 11.37
Class I (DHSTX) 0.0510 — — 05/29/19 05/31/19 11.24
Class I (DHSTX) 0.0500 — — 04/26/19 04/30/19 11.31
Class I (DHSTX) 0.0530 — — 03/27/19 03/29/19 11.17
Class I (DHSTX) 0.0460 — — 02/26/19 02/28/19 11.07
Class I (DHSTX) 0.0550 — — 01/29/19 01/31/19 11.00
Class Y (DSIYX) 0.0500 — — 12/27/19 12/31/19 11.43
Class Y (DSIYX) — 0.0694 0.0165 12/11/19 12/13/19 11.41
Class Y (DSIYX) 0.0490 — — 11/26/19 11/29/19 11.44
Class Y (DSIYX) 0.0510 — — 10/29/19 10/31/19 11.42
Class Y (DSIYX) 0.0510 — — 09/26/19 09/30/19 11.40
Class Y (DSIYX) 0.0520 — — 08/28/19 08/30/19 11.48
Class Y (DSIYX) 0.0550 — — 07/29/19 07/31/19 11.39
Class Y (DSIYX) 0.0510 — — 06/26/19 06/28/19 11.37
Class Y (DSIYX) 0.0520 — — 05/29/19 05/31/19 11.23
Class Y (DSIYX) 0.0510 — — 04/26/19 04/30/19 11.31
Class Y (DSIYX) 0.0540 — — 03/27/19 03/29/19 11.16
Class Y (DSIYX) 0.0470 — — 02/26/19 02/28/19 11.07
Class Y (DSIYX) 0.0560 — — 01/29/19 01/31/19 10.99
Investor (DSIAX) 0.0490 — — 12/27/18 12/31/18 10.77
Investor (DSIAX) 0.0470 — — 11/28/18 11/30/18 10.95
Investor (DSIAX) 0.0480 — — 10/29/18 10/31/18 11.01
Investor (DSIAX) 0.0410 — — 09/26/18 09/28/18 11.17
Investor (DSIAX) 0.0480 — — 08/29/18 08/31/18 11.17
Investor (DSIAX) 0.0500 — — 07/27/18 07/31/18 11.18
Investor (DSIAX) 0.0530 — — 06/27/18 06/29/18 11.16
Investor (DSIAX) 0.0500 — — 05/29/18 05/31/18 11.16
Investor (DSIAX) 0.0480 — — 04/26/18 04/30/18 11.19
Investor (DSIAX) 0.0530 — — 03/27/18 03/29/18 11.19
Investor (DSIAX) 0.0470 — — 02/26/18 02/28/18 11.27
Investor (DSIAX) 0.0490 — — 01/29/18 01/31/18 11.35
Class C (DSICX) 0.0430 — — 12/27/18 12/31/18 10.73
Class C (DSICX) 0.0400 — — 11/28/18 11/30/18 10.92
Class C (DSICX) 0.0400 — — 10/29/18 10/31/18 10.98
Class C (DSICX) 0.0350 — — 09/26/18 09/28/18 11.13
Class C (DSICX) 0.0400 — — 08/29/18 08/31/18 11.13
Class C (DSICX) 0.0420 — — 07/27/18 07/31/18 11.14
Class C (DSICX) 0.0460 — — 06/27/18 06/29/18 11.12
Class C (DSICX) 0.0430 — — 05/29/18 05/31/18 11.12
Class C (DSICX) 0.0410 — — 04/26/18 04/30/18 11.15
Class C (DSICX) 0.0460 — — 03/27/18 03/29/18 11.15
Class C (DSICX) 0.0410 — — 02/26/18 02/28/18 11.23
Class C (DSICX) 0.0420 — — 01/29/18 01/31/18 11.31
Class I (DHSTX) 0.0520 — — 12/27/18 12/31/18 10.73
Class I (DHSTX) 0.0500 — — 11/28/18 11/30/18 10.92
Class I (DHSTX) 0.0510 — — 10/29/18 10/31/18 10.98
Class I (DHSTX) 0.0440 — — 09/26/18 09/28/18 11.13
Class I (DHSTX) 0.0510 — — 08/29/18 08/31/18 11.14
Class I (DHSTX) 0.0520 — — 07/27/18 07/31/18 11.14
Class I (DHSTX) 0.0550 — — 06/27/18 06/29/18 11.12
Class I (DHSTX) 0.0530 — — 05/29/18 05/31/18 11.12
Class I (DHSTX) 0.0510 — — 04/26/18 04/30/18 11.15
Class I (DHSTX) 0.0550 — — 03/27/18 03/29/18 11.15
Class I (DHSTX) 0.0500 — — 02/26/18 02/28/18 11.24
Class I (DHSTX) 0.0520 — — 01/29/18 01/31/18 11.31
Class Y (DSIYX) 0.0530 — — 12/27/18 12/31/18 10.72
Class Y (DSIYX) 0.0510 — — 11/28/18 11/30/18 10.91
Class Y (DSIYX) 0.0520 — — 10/29/18 10/31/18 10.97
Class Y (DSIYX) 0.0450 — — 09/26/18 09/28/18 11.13
Class Y (DSIYX) 0.0520 — — 08/29/18 08/31/18 11.13
Class Y (DSIYX) 0.0540 — — 07/27/18 07/31/18 11.14
Class Y (DSIYX) 0.0560 — — 06/27/18 06/29/18 11.12
Class Y (DSIYX) 0.0540 — — 05/29/18 05/31/18 11.11
Class Y (DSIYX) 0.0520 — — 04/26/18 04/30/18 11.15
Class Y (DSIYX) 0.0560 — — 03/27/18 03/29/18 11.15
Class Y (DSIYX) 0.0510 — — 02/26/18 02/28/18 11.23
Class Y (DSIYX) 0.0530 — — 01/29/18 01/31/18 11.31
Investor (DSIAX) 0.0540 — — 12/27/17 12/29/17 11.31
Investor (DSIAX) — 0.0522 — 12/13/17 12/15/17 11.33
Investor (DSIAX) 0.0510 — — 11/28/17 11/30/17 11.34
Investor (DSIAX) 0.0500 — — 10/27/17 10/31/17 11.39
Investor (DSIAX) 0.0480 — — 09/27/17 09/29/17 11.40
Investor (DSIAX) 0.0500 — — 08/29/17 08/31/17 11.38
Investor (DSIAX) 0.0450 — — 07/27/17 07/31/17 11.42
Investor (DSIAX) 0.0490 — — 06/28/17 06/30/17 11.38
Investor (DSIAX) 0.0490 — — 05/26/17 05/31/17 11.37
Investor (DSIAX) 0.0500 — — 04/26/17 04/28/17 11.33
Investor (DSIAX) 0.0470 — — 03/29/17 03/31/17 11.28
Investor (DSIAX) 0.0420 — — 02/24/17 02/28/17 11.26
Investor (DSIAX) 0.0480 — — 01/27/17 01/31/17 11.17
Class C (DSICX) 0.0470 — — 12/27/17 12/29/17 11.27
Class C (DSICX) — 0.0522 — 12/13/17 12/15/17 11.29
Class C (DSICX) 0.0450 — — 11/28/17 11/30/17 11.30
Class C (DSICX) 0.0430 — — 10/27/17 10/31/17 11.36
Class C (DSICX) 0.0390 — — 09/27/17 09/29/17 11.37
Class C (DSICX) 0.0420 — — 08/29/17 08/31/17 11.34
Class C (DSICX) 0.0380 — — 07/27/17 07/31/17 11.38
Class C (DSICX) 0.0410 — — 06/28/17 06/30/17 11.34
Class C (DSICX) 0.0410 — — 05/26/17 05/31/17 11.33
Class C (DSICX) 0.0440 — — 04/26/17 04/28/17 11.29
Class C (DSICX) 0.0410 — — 03/29/17 03/31/17 11.24
Class C (DSICX) 0.0350 — — 02/24/17 02/28/17 11.22
Class C (DSICX) 0.0410 — — 01/27/17 01/31/17 11.14
Class I (DHSTX) 0.0560 — — 12/27/17 12/29/17 11.28
Class I (DHSTX) — 0.0522 — 12/13/17 12/15/17 11.29
Class I (DHSTX) 0.0530 — — 11/28/17 11/30/17 11.30
Class I (DHSTX) 0.0530 — — 10/27/17 10/31/17 11.36
Class I (DHSTX) 0.0490 — — 09/27/17 09/29/17 11.36
Class I (DHSTX) 0.0530 — — 08/29/17 08/31/17 11.34
Class I (DHSTX) 0.0480 — — 07/27/17 07/31/17 11.38
Class I (DHSTX) 0.0520 — — 06/28/17 06/30/17 11.34
Class I (DHSTX) 0.0510 — — 05/26/17 05/31/17 11.33
Class I (DHSTX) 0.0530 — — 04/26/17 04/28/17 11.29
Class I (DHSTX) 0.0500 — — 03/29/17 03/31/17 11.25
Class I (DHSTX) 0.0450 — — 02/24/17 02/28/17 11.22
Class I (DHSTX) 0.0500 — — 01/27/17 01/31/17 11.14
Class Y (DSIYX) 0.0570 — — 12/27/17 12/29/17 11.27
Class Y (DSIYX) — 0.0522 — 12/13/17 12/15/17 11.29
Class Y (DSIYX) 0.0540 — — 11/28/17 11/30/17 11.30
Class Y (DSIYX) 0.0540 — — 10/27/17 10/31/17 11.35
Class Y (DSIYX) 0.0500 — — 09/27/17 09/29/17 11.36
Class Y (DSIYX) 0.0540 — — 08/29/17 08/31/17 11.34
Class Y (DSIYX) 0.0490 — — 07/27/17 07/31/17 11.38
Class Y (DSIYX) 0.0530 — — 06/28/17 06/30/17 11.34
Class Y (DSIYX) 0.0520 — — 05/26/17 05/31/17 11.32
Class Y (DSIYX) 0.0540 — — 04/26/17 04/28/17 11.29
Class Y (DSIYX) 0.0510 — — 03/29/17 03/31/17 11.24
Class Y (DSIYX) 0.0460 — — 02/24/17 02/28/17 11.22
Class Y (DSIYX) 0.0510 — — 01/27/17 01/31/17 11.13
Investor (DSIAX) 0.0500 — — 12/28/16 12/30/16 11.12
Investor (DSIAX) — 0.0065 — 12/14/16 12/16/16 11.11
Investor (DSIAX) 0.0490 — — 11/28/16 11/30/16 11.03
Investor (DSIAX) 0.0490 — — 10/27/16 10/31/16 11.17
Investor (DSIAX) 0.0560 — — 09/28/16 09/30/16 11.18
Investor (DSIAX) 0.0500 — — 08/29/16 08/31/16 11.22
Investor (DSIAX) 0.0510 — — 07/27/16 07/29/16 11.04
Investor (DSIAX) 0.0510 — — 06/28/16 06/30/16 10.86
Investor (DSIAX) 0.0540 — — 05/26/16 05/31/16 10.88
Investor (DSIAX) 0.0560 — — 04/27/16 04/29/16 10.86
Investor (DSIAX) 0.0540 — — 03/29/16 03/31/16 10.61
Investor (DSIAX) 0.0510 — — 02/25/16 02/29/16 10.28
Investor (DSIAX) 0.0480 — — 01/27/16 01/29/16 10.31
Class C (DSICX) 0.0430 — — 12/28/16 12/30/16 11.09
Class C (DSICX) — 0.0065 — 12/14/16 12/16/16 11.07
Class C (DSICX) 0.0420 — — 11/28/16 11/30/16 10.99
Class C (DSICX) 0.0420 — — 10/27/16 10/31/16 11.13
Class C (DSICX) 0.0550 — — 09/28/16 09/30/16 11.15
Class C (DSICX) 0.0450 — — 08/29/16 08/31/16 11.19
Class C (DSICX) 0.0450 — — 07/27/16 07/29/16 11.01
Class C (DSICX) 0.0450 — — 06/28/16 06/30/16 10.83
Class C (DSICX) 0.0480 — — 05/26/16 05/31/16 10.86
Class C (DSICX) 0.0500 — — 04/27/16 04/29/16 10.84
Class C (DSICX) 0.0470 — — 03/29/16 03/31/16 10.58
Class C (DSICX) 0.0450 — — 02/25/16 02/29/16 10.26
Class C (DSICX) 0.0430 — — 01/27/16 01/29/16 10.29
Class I (DHSTX) 0.0530 — — 12/28/16 12/30/16 11.09
Class I (DHSTX) — 0.0065 — 12/14/16 12/16/16 11.08
Class I (DHSTX) 0.0520 — — 11/28/16 11/30/16 10.99
Class I (DHSTX) 0.0510 — — 10/27/16 10/31/16 11.13
Class I (DHSTX) 0.0590 — — 09/28/16 09/30/16 11.15
Class I (DHSTX) 0.0540 — — 08/29/16 08/31/16 11.18
Class I (DHSTX) 0.0540 — — 07/27/16 07/29/16 11.00
Class I (DHSTX) 0.0540 — — 06/28/16 06/30/16 10.83
Class I (DHSTX) 0.0570 — — 05/26/16 05/31/16 10.85
Class I (DHSTX) 0.0590 — — 04/27/16 04/29/16 10.83
Class I (DHSTX) 0.0560 — — 03/29/16 03/31/16 10.58
Class I (DHSTX) 0.0530 — — 02/25/16 02/29/16 10.25
Class I (DHSTX) 0.0500 — — 01/27/16 01/29/16 10.28
Class Y (DSIYX) 0.0540 — — 12/28/16 12/30/16 11.08
Class Y (DSIYX) — 0.0065 — 12/14/16 12/16/16 11.07
Class Y (DSIYX) 0.0530 — — 11/28/16 11/30/16 10.98
Class Y (DSIYX) 0.0520 — — 10/27/16 10/31/16 11.12
Class Y (DSIYX) 0.0600 — — 09/28/16 09/30/16 11.14
Class Y (DSIYX) 0.0560 — — 08/29/16 08/31/16 11.18
Class Y (DSIYX) 0.0550 — — 07/27/16 07/29/16 11.00
Class Y (DSIYX) 0.0550 — — 06/28/16 06/30/16 10.82
Class Y (DSIYX) 0.0580 — — 05/26/16 05/31/16 10.85
Class Y (DSIYX) 0.0590 — — 04/27/16 04/29/16 10.83
Class Y (DSIYX) 0.0570 — — 03/29/16 03/31/16 10.57
Class Y (DSIYX) 0.0540 — — 02/25/16 02/29/16 10.25
Class Y (DSIYX) 0.0510 — — 01/27/16 01/29/16 10.27
Investor (DSIAX) 0.0520 — — 12/29/15 12/31/15 10.52
Investor (DSIAX) 0.0480 — — 11/25/15 11/30/15 10.75
Investor (DSIAX) 0.0480 — — 10/28/15 10/30/15 10.88
Investor (DSIAX) 0.0450 — — 09/28/15 09/30/15 10.72
Investor (DSIAX) 0.0450 — — 08/27/15 08/31/15 10.90
Investor (DSIAX) 0.0450 — — 07/29/15 07/31/15 11.04
Investor (DSIAX) 0.0430 — — 06/26/15 06/30/15 11.08
Investor (DSIAX) 0.0480 — — 05/27/15 05/29/15 11.18
Investor (DSIAX) 0.0480 — — 04/28/15 04/30/15 11.19
Investor (DSIAX) 0.0480 — — 03/27/15 03/31/15 11.12
Investor (DSIAX) 0.0380 — — 02/25/15 02/27/15 11.12
Investor (DSIAX) 0.0410 — — 01/28/15 01/30/15 10.98
Class C (DSICX) 0.0440 — — 12/29/15 12/31/15 10.50
Class C (DSICX) 0.0410 — — 11/25/15 11/30/15 10.72
Class C (DSICX) 0.0410 — — 10/28/15 10/30/15 10.85
Class C (DSICX) 0.0380 — — 09/28/15 09/30/15 10.69
Class C (DSICX) 0.0380 — — 08/27/15 08/31/15 10.88
Class C (DSICX) 0.0370 — — 07/29/15 07/31/15 11.01
Class C (DSICX) 0.0370 — — 06/26/15 06/30/15 11.06
Class C (DSICX) 0.0410 — — 05/27/15 05/29/15 11.16
Class C (DSICX) 0.0410 — — 04/28/15 04/30/15 11.17
Class C (DSICX) 0.0410 — — 03/27/15 03/31/15 11.10
Class C (DSICX) 0.0320 — — 02/25/15 02/27/15 11.10
Class C (DSICX) 0.0360 — — 01/28/15 01/30/15 10.96
Class I (DHSTX) 0.0550 — — 12/29/15 12/31/15 10.49
Class I (DHSTX) 0.0510 — — 11/25/15 11/30/15 10.71
Class I (DHSTX) 0.0510 — — 10/28/15 10/30/15 10.84
Class I (DHSTX) 0.0480 — — 09/28/15 09/30/15 10.69
Class I (DHSTX) 0.0480 — — 08/27/15 08/31/15 10.87
Class I (DHSTX) 0.0470 — — 07/29/15 07/31/15 11.01
Class I (DHSTX) 0.0460 — — 06/26/15 06/30/15 11.05
Class I (DHSTX) 0.0510 — — 05/27/15 05/29/15 11.15
Class I (DHSTX) 0.0500 — — 04/28/15 04/30/15 11.16
Class I (DHSTX) 0.0510 — — 03/27/15 03/31/15 11.09
Class I (DHSTX) 0.0400 — — 02/25/15 02/27/15 11.09
Class I (DHSTX) 0.0430 — — 01/28/15 01/30/15 10.95
Class Y (DSIYX) 0.0560 — — 12/29/15 12/31/15 10.49
Class Y (DSIYX) 0.0520 — — 11/25/15 11/30/15 10.71
Class Y (DSIYX) 0.0520 — — 10/28/15 10/30/15 10.84
Class Y (DSIYX) 0.0490 — — 09/28/15 09/30/15 10.68
Class Y (DSIYX) 0.0490 — — 08/27/15 08/31/15 10.87
Class Y (DSIYX) 0.0480 — — 07/29/15 07/31/15 11.00
Class Y (DSIYX) 0.0470 — — 06/26/15 06/30/15 11.05
Class Y (DSIYX) 0.0520 — — 05/27/15 05/29/15 11.15
Class Y (DSIYX) 0.0510 — — 04/28/15 04/30/15 11.16
Class Y (DSIYX) 0.0520 — — 03/27/15 03/31/15 11.09
Class Y (DSIYX) 0.0410 — — 02/25/15 02/27/15 11.09
Class Y (DSIYX) 0.0440 — — 01/28/15 01/30/15 10.95
Investor (DSIAX) 0.0220 — — 12/29/14 12/31/14 10.93
Investor (DSIAX) 0.0420 — — 11/25/14 11/28/14 11.03
Investor (DSIAX) 0.0420 — — 10/29/14 10/31/14 11.06
Investor (DSIAX) 0.0430 — — 09/26/14 09/30/14 10.98
Investor (DSIAX) 0.0440 — — 08/27/14 08/29/14 11.15
Investor (DSIAX) 0.0390 — — 07/29/14 07/31/14 11.14
Investor (DSIAX) 0.0380 — — 06/26/14 06/30/14 11.23
Investor (DSIAX) 0.0410 — — 05/28/14 05/30/14 11.24
Investor (DSIAX) 0.0410 — — 04/28/14 04/30/14 11.23
Investor (DSIAX) 0.0430 — — 03/27/14 03/31/14 11.23
Investor (DSIAX) 0.0470 — — 02/26/14 02/28/14 11.26
Investor (DSIAX) 0.0420 — — 01/29/14 01/31/14 11.22
Class C (DSICX) 0.0150 — — 12/29/14 12/31/14 10.91
Class C (DSICX) 0.0350 — — 11/25/14 11/28/14 11.01
Class C (DSICX) 0.0350 — — 10/29/14 10/31/14 11.04
Class C (DSICX) 0.0370 — — 09/26/14 09/30/14 10.96
Class C (DSICX) 0.0370 — — 08/27/14 08/29/14 11.13
Class C (DSICX) 0.0330 — — 07/29/14 07/31/14 11.12
Class C (DSICX) 0.0310 — — 06/26/14 06/30/14 11.22
Class C (DSICX) 0.0340 — — 05/28/14 05/30/14 11.23
Class C (DSICX) 0.0340 — — 04/28/14 04/30/14 11.22
Class C (DSICX) 0.0360 — — 03/27/14 03/31/14 11.21
Class C (DSICX) 0.0410 — — 02/26/14 02/28/14 11.24
Class C (DSICX) 0.0360 — — 01/29/14 01/31/14 11.21
Class I (DHSTX) 0.0250 — — 12/29/14 12/31/14 10.90
Class I (DHSTX) 0.0440 — — 11/25/14 11/28/14 11.00
Class I (DHSTX) 0.0450 — — 10/29/14 10/31/14 11.03
Class I (DHSTX) 0.0460 — — 09/26/14 09/30/14 10.96
Class I (DHSTX) 0.0470 — — 08/27/14 08/29/14 11.12
Class I (DHSTX) 0.0430 — — 07/29/14 07/31/14 11.12
Class I (DHSTX) 0.0410 — — 06/26/14 06/30/14 11.21
Class I (DHSTX) 0.0430 — — 05/28/14 05/30/14 11.22
Class I (DHSTX) 0.0430 — — 04/28/14 04/30/14 11.21
Class I (DHSTX) 0.0450 — — 03/27/14 03/31/14 11.20
Class I (DHSTX) 0.0490 — — 02/26/14 02/28/14 11.23
Class I (DHSTX) 0.0440 — — 01/29/14 01/31/14 11.20
Class Y (DSIYX) 0.0260 — — 12/29/14 12/31/14 10.90
Class Y (DSIYX) 0.0460 — — 11/25/14 11/28/14 10.99
Class Y (DSIYX) 0.0460 — — 10/29/14 10/31/14 11.03
Class Y (DSIYX) 0.0470 — — 09/26/14 09/30/14 10.95
Class Y (DSIYX) 0.0480 — — 08/27/14 08/29/14 11.11
Class Y (DSIYX) 0.0440 — — 07/29/14 07/31/14 11.11
Class Y (DSIYX) 0.0420 — — 06/26/14 06/30/14 11.21
Class Y (DSIYX) 0.0450 — — 05/28/14 05/30/14 11.22
Class Y (DSIYX) 0.0450 — — 04/28/14 04/30/14 11.21
Class Y (DSIYX) 0.0470 — — 03/27/14 03/31/14 11.20
Class Y (DSIYX) 0.0510 — — 02/26/14 02/28/14 11.23
Class Y (DSIYX) 0.0450 — — 01/29/14 01/31/14 11.20
Investor (DSIAX) 0.0410 — — 12/27/13 12/31/13 11.19
Investor (DSIAX) 0.0420 — — 11/26/13 11/29/13 11.18
Investor (DSIAX) 0.0440 — — 10/30/13 10/31/13 11.19
Investor (DSIAX) 0.0470 — — 09/27/13 09/30/13 11.08
Investor (DSIAX) 0.0480 — — 08/29/13 08/30/13 11.03
Investor (DSIAX) 0.0480 — — 07/30/13 07/31/13 11.09
Investor (DSIAX) 0.0440 — — 06/27/13 06/28/13 10.98
Investor (DSIAX) 0.0530 — — 05/30/13 05/31/13 11.18
Investor (DSIAX) 0.0440 — — 04/29/13 04/30/13 11.26
Investor (DSIAX) 0.0460 — — 03/27/13 03/28/13 11.21
Investor (DSIAX) 0.0470 — — 02/27/13 02/28/13 11.18
Investor (DSIAX) 0.0450 — — 01/30/13 01/31/13 11.21
Class C (DSICX) 0.0320 — — 12/27/13 12/31/13 11.18
Class C (DSICX) 0.0350 — — 11/26/13 11/29/13 11.17
Class C (DSICX) 0.0370 — — 10/30/13 10/31/13 11.17
Class C (DSICX) 0.0400 — — 09/27/13 09/30/13 11.07
Class C (DSICX) 0.0410 — — 08/29/13 08/30/13 11.01
Class C (DSICX) 0.0410 — — 07/30/13 07/31/13 11.08
Class C (DSICX) 0.0370 — — 06/27/13 06/28/13 10.96
Class C (DSICX) 0.0450 — — 05/30/13 05/31/13 11.16
Class C (DSICX) 0.0380 — — 04/29/13 04/30/13 11.25
Class C (DSICX) 0.0390 — — 03/27/13 03/28/13 11.19
Class C (DSICX) 0.0400 — — 02/27/13 02/28/13 11.16
Class C (DSICX) 0.0400 — — 01/30/13 01/31/13 11.19
Class I (DHSTX) 0.0440 — — 12/27/13 12/31/13 11.17
Class I (DHSTX) 0.0440 — — 11/26/13 11/29/13 11.16
Class I (DHSTX) 0.0470 — — 10/30/13 10/31/13 11.17
Class I (DHSTX) 0.0490 — — 09/27/13 09/30/13 11.06
Class I (DHSTX) 0.0500 — — 08/29/13 08/30/13 11.00
Class I (DHSTX) 0.0510 — — 07/30/13 07/31/13 11.07
Class I (DHSTX) 0.0460 — — 06/27/13 06/28/13 10.96
Class I (DHSTX) 0.0550 — — 05/30/13 05/31/13 11.15
Class I (DHSTX) 0.0460 — — 04/29/13 04/30/13 11.24
Class I (DHSTX) 0.0480 — — 03/27/13 03/28/13 11.19
Class I (DHSTX) 0.0490 — — 02/27/13 02/28/13 11.16
Class I (DHSTX) 0.0470 — — 01/30/13 01/31/13 11.18
Class Y (DSIYX) 0.0460 — — 12/27/13 12/31/13 11.17
Class Y (DSIYX) 0.0460 — — 11/26/13 11/29/13 11.16
Class Y (DSIYX) 0.0480 — — 10/30/13 10/31/13 11.16
Class Y (DSIYX) 0.0500 — — 09/27/13 09/30/13 11.06
Class Y (DSIYX) 0.0520 — — 08/29/13 08/30/13 11.00
Class Y (DSIYX) 0.0520 — — 07/30/13 07/31/13 11.07
Class Y (DSIYX) 0.0470 — — 06/27/13 06/28/13 10.95
Class Y (DSIYX) 0.0570 — — 05/30/13 05/31/13 11.15
Class Y (DSIYX) 0.0470 — — 04/29/13 04/30/13 11.23
Class Y (DSIYX) 0.0490 — — 03/27/13 03/28/13 11.18
Class Y (DSIYX) 0.0500 — — 02/27/13 02/28/13 11.15
Class Y (DSIYX) 0.0480 — — 01/30/13 01/31/13 11.18
Investor (DSIAX) 0.0510 — — 12/28/12 12/31/12 11.18
Investor (DSIAX) 0.0520 — — 11/29/12 11/30/12 11.17
Investor (DSIAX) 0.0510 — — 10/26/12 10/31/12 11.19
Investor (DSIAX) 0.0520 — — 09/27/12 09/28/12 11.16
Investor (DSIAX) 0.0500 — — 08/30/12 08/31/12 11.11
Investor (DSIAX) 0.0500 — — 07/30/12 07/31/12 11.12
Investor (DSIAX) 0.0480 — — 06/28/12 06/29/12 11.03
Investor (DSIAX) 0.0550 — — 05/30/12 05/31/12 10.99
Investor (DSIAX) 0.0540 — — 04/27/12 04/30/12 11.08
Investor (DSIAX) 0.0540 — — 03/29/12 03/30/12 11.06
Investor (DSIAX) 0.0530 — — 02/28/12 02/29/12 11.07
Investor (DSIAX) 0.0490 — — 01/30/12 01/31/12 10.95
Class C (DSICX) 0.0440 — — 12/28/12 12/31/12 11.16
Class C (DSICX) 0.0450 — — 11/29/12 11/30/12 11.16
Class C (DSICX) 0.0440 — — 10/26/12 10/31/12 11.18
Class C (DSICX) 0.0450 — — 09/27/12 09/28/12 11.15
Class C (DSICX) 0.0430 — — 08/30/12 08/31/12 11.10
Class C (DSICX) 0.0430 — — 07/30/12 07/31/12 11.11
Class C (DSICX) 0.0420 — — 06/28/12 06/29/12 11.01
Class C (DSICX) 0.0480 — — 05/30/12 05/31/12 10.98
Class C (DSICX) 0.0470 — — 04/27/12 04/30/12 11.07
Class C (DSICX) 0.0470 — — 03/29/12 03/30/12 11.05
Class C (DSICX) 0.0460 — — 02/28/12 02/29/12 11.05
Class C (DSICX) 0.0440 — — 01/30/12 01/31/12 10.94
Class I (DHSTX) 0.0530 — — 12/28/12 12/31/12 11.15
Class I (DHSTX) 0.0550 — — 11/29/12 11/30/12 11.15
Class I (DHSTX) 0.0540 — — 10/26/12 10/31/12 11.17
Class I (DHSTX) 0.0540 — — 09/27/12 09/28/12 11.14
Class I (DHSTX) 0.0520 — — 08/30/12 08/31/12 11.09
Class I (DHSTX) 0.0530 — — 07/30/12 07/31/12 11.10
Class I (DHSTX) 0.0500 — — 06/28/12 06/29/12 11.01
Class I (DHSTX) 0.0570 — — 05/30/12 05/31/12 10.97
Class I (DHSTX) 0.0560 — — 04/27/12 04/30/12 11.06
Class I (DHSTX) 0.0560 — — 03/29/12 03/30/12 11.04
Class I (DHSTX) 0.0550 — — 02/28/12 02/29/12 11.04
Class I (DHSTX) 0.0510 — — 01/30/12 01/31/12 10.93
Class Y (DSIYX) 0.0550 — — 12/28/12 12/31/12 11.15
Class Y (DSIYX) 0.0560 — — 11/29/12 11/30/12 11.14
Class Y (DSIYX) 0.0550 — — 10/26/12 10/31/12 11.16
Class Y (DSIYX) 0.0550 — — 09/27/12 09/28/12 11.13
Class Y (DSIYX) 0.0540 — — 08/30/12 08/31/12 11.08
Class Y (DSIYX) 0.0540 — — 07/30/12 07/31/12 11.09
Class Y (DSIYX) 0.0510 — — 06/28/12 06/29/12 11.00
Class Y (DSIYX) 0.0590 — — 05/30/12 05/31/12 10.96
Class Y (DSIYX) 0.0580 — — 04/27/12 04/30/12 11.05
Class Y (DSIYX) 0.0570 — — 03/29/12 03/30/12 11.03
Class Y (DSIYX) 0.0560 — — 02/28/12 02/29/12 11.04
Class Y (DSIYX) 0.0520 — — 01/26/12 01/27/12 10.92
Investor (DSIAX) 0.0530 — — 12/28/11 12/29/11 10.78
Investor (DSIAX) 0.0520 — — 11/28/11 11/29/11 10.67
Investor (DSIAX) 0.0560 — — 10/27/11 10/28/11 10.82
Investor (DSIAX) 0.0530 — — 09/28/11 09/29/11 10.64
Investor (DSIAX) 0.0490 — — 08/29/11 08/30/11 10.78
Investor (DSIAX) 0.0510 — — 07/27/11 07/28/11 11.07
Investor (DSIAX) 0.0520 — — 06/28/11 06/29/11 10.98
Investor (DSIAX) 0.0540 — — 05/26/11 05/27/11 11.10
Investor (DSIAX) 0.0530 — — 04/27/11 04/28/11 11.08
Investor (DSIAX) 0.0600 — — 03/29/11 03/30/11 10.99
Investor (DSIAX) 0.0470 — — 02/24/11 02/25/11 11.02
Investor (DSIAX) 0.0460 — — 01/27/11 01/28/11 10.97
Class C (DSICX) 0.0450 — — 12/28/11 12/29/11 10.77
Class C (DSICX) 0.0460 — — 11/28/11 11/29/11 10.66
Class C (DSICX) 0.0490 — — 10/27/11 10/28/11 10.81
Class C (DSICX) 0.0470 — — 09/28/11 09/29/11 10.63
Class C (DSICX) 0.0440 — — 08/29/11 08/30/11 10.76
Class C (DSICX) 0.0440 — — 07/27/11 07/28/11 11.06
Class C (DSICX) 0.0450 — — 06/28/11 06/29/11 10.97
Class C (DSICX) 0.0480 — — 05/26/11 05/27/11 11.09
Class C (DSICX) 0.0470 — — 04/27/11 04/28/11 11.07
Class C (DSICX) 0.0530 — — 03/29/11 03/30/11 10.99
Class C (DSICX) 0.0410 — — 02/24/11 02/25/11 11.02
Class C (DSICX) 0.0400 — — 01/27/11 01/28/11 10.97
Class I (DHSTX) 0.0560 — — 12/28/11 12/29/11 10.76
Class I (DHSTX) 0.0540 — — 11/28/11 11/29/11 10.65
Class I (DHSTX) 0.0580 — — 10/27/11 10/28/11 10.80
Class I (DHSTX) 0.0560 — — 09/28/11 09/29/11 10.62
Class I (DHSTX) 0.0520 — — 08/29/11 08/30/11 10.75
Class I (DHSTX) 0.0530 — — 07/27/11 07/28/11 11.05
Class I (DHSTX) 0.0550 — — 06/28/11 06/29/11 10.96
Class I (DHSTX) 0.0560 — — 05/26/11 05/27/11 11.08
Class I (DHSTX) 0.0560 — — 04/27/11 04/28/11 11.06
Class I (DHSTX) 0.0630 — — 03/29/11 03/30/11 10.97
Class I (DHSTX) 0.0500 — — 02/24/11 02/25/11 11.00
Class I (DHSTX) 0.0490 — — 01/27/11 01/28/11 10.95
Investor (DSIAX) 0.0610 — — 12/29/10 12/30/10 10.84
Investor (DSIAX) 0.0540 — — 11/26/10 11/29/10 10.84
Investor (DSIAX) 0.0510 — — 10/27/10 10/28/10 10.98
Investor (DSIAX) 0.0500 — — 09/28/10 09/29/10 10.87
Investor (DSIAX) 0.0490 — — 08/29/10 08/30/10 10.74
Investor (DSIAX) 0.0500 — — 07/28/10 07/29/10 10.68
Investor (DSIAX) 0.0550 — — 06/28/10 06/29/10 10.55
Investor (DSIAX) 0.0440 — — 05/26/10 05/27/10 10.48
Investor (DSIAX) 0.0520 — — 04/29/10 04/30/10 10.67
Investor (DSIAX) 0.0490 — — 03/29/10 03/30/10 10.53
Investor (DSIAX) 0.0500 — — 02/24/10 02/25/10 10.41
Investor (DSIAX) 0.0500 — — 01/27/10 01/28/10 10.37
Class C (DSICX) 0.0530 — — 12/29/10 12/30/10 10.84
Class C (DSICX) 0.0470 — — 11/26/10 11/29/10 10.84
Class C (DSICX) 0.0450 — — 10/27/10 10/28/10 10.97
Class C (DSICX) 0.0430 — — 09/28/10 09/29/10 10.86
Class C (DSICX) 0.0420 — — 08/29/10 08/30/10 10.74
Class C (DSICX) 0.0430 — — 07/28/10 07/29/10 10.67
Class C (DSICX) 0.0480 — — 06/28/10 06/29/10 10.54
Class C (DSICX) 0.0390 — — 05/26/10 05/27/10 10.48
Class C (DSICX) 0.0450 — — 04/29/10 04/30/10 10.67
Class C (DSICX) 0.0420 — — 03/29/10 03/30/10 10.53
Class C (DSICX) 0.0440 — — 02/24/10 02/25/10 10.41
Class C (DSICX) 0.0440 — — 01/27/10 01/28/10 10.37
Class I (DHSTX) 0.0640 — — 12/29/10 12/30/10 10.82
Class I (DHSTX) 0.0580 — — 11/26/10 11/29/10 10.82
Class I (DHSTX) 0.0540 — — 10/27/10 10/28/10 10.96
Class I (DHSTX) 0.0530 — — 09/28/10 09/29/10 10.85
Class I (DHSTX) 0.0520 — — 08/29/10 08/30/10 10.72
Class I (DHSTX) 0.0530 — — 07/28/10 07/29/10 10.66
Class I (DHSTX) 0.0590 — — 06/28/10 06/29/10 10.53
Class I (DHSTX) 0.0480 — — 05/26/10 05/27/10 10.46
Class I (DHSTX) 0.0550 — — 04/29/10 04/30/10 10.65
Class I (DHSTX) 0.0520 — — 03/29/10 03/30/10 10.52
Class I (DHSTX) 0.0530 — — 02/24/10 02/25/10 10.39
Class I (DHSTX) 0.0530 — — 01/27/10 01/28/10 10.36
Investor (DSIAX) 0.0320 — — 12/29/09 12/30/09 10.17
Investor (DSIAX) 0.0650 — — 11/26/09 11/27/09 10.18
Investor (DSIAX) 0.0580 — — 10/28/09 10/29/09 10.03
Investor (DSIAX) 0.0530 — — 09/28/09 09/29/09 9.93
Investor (DSIAX) 0.0590 — — 08/27/09 08/28/09 9.65
Investor (DSIAX) 0.0620 — — 07/29/09 07/30/09 9.38
Investor (DSIAX) 0.0530 — — 06/26/09 06/29/09 9.10
Investor (DSIAX) 0.0620 — — 05/27/09 05/28/09 8.68
Investor (DSIAX) 0.0600 — — 04/28/09 04/29/09 8.31
Investor (DSIAX) 0.0650 — — 03/27/09 03/30/09 7.94
Investor (DSIAX) 0.0590 — — 02/25/09 02/26/09 7.98
Investor (DSIAX) 0.0500 — — 01/28/09 01/29/09 8.30
Class C (DSICX) 0.0250 — — 12/29/09 12/30/09 10.16
Class C (DSICX) 0.0590 — — 11/26/09 11/27/09 10.18
Class C (DSICX) 0.0520 — — 10/28/09 10/29/09 10.03
Class C (DSICX) 0.0470 — — 09/28/09 09/29/09 9.93
Class C (DSICX) 0.0530 — — 08/27/09 08/28/09 9.64
Class C (DSICX) 0.0560 — — 07/29/09 07/30/09 9.37
Class C (DSICX) 0.0470 — — 06/26/09 06/29/09 9.10
Class C (DSICX) 0.0560 — — 05/27/09 05/28/09 8.68
Class C (DSICX) 0.0550 — — 04/28/09 04/29/09 8.30
Class C (DSICX) 0.0610 — — 03/27/09 03/30/09 7.93
Class C (DSICX) 0.0550 — — 02/25/09 02/26/09 7.97
Class C (DSICX) 0.0450 — — 01/28/09 01/29/09 8.30
Class I (DHSTX) 0.0350 — — 12/29/09 12/30/09 10.15
Class I (DHSTX) 0.0680 — — 11/26/09 11/27/09 10.16
Class I (DHSTX) 0.0610 — — 10/28/09 10/29/09 10.02
Class I (DHSTX) 0.0560 — — 09/28/09 09/29/09 9.91
Class I (DHSTX) 0.0620 — — 08/27/09 08/28/09 9.63
Class I (DHSTX) 0.0650 — — 07/29/09 07/30/09 9.36
Class I (DHSTX) 0.0550 — — 06/26/09 06/29/09 9.09
Class I (DHSTX) 0.0640 — — 05/27/09 05/28/09 8.66
Class I (DHSTX) 0.0630 — — 04/28/09 04/29/09 8.29
Class I (DHSTX) 0.0670 — — 03/27/09 03/30/09 7.92
Class I (DHSTX) 0.0620 — — 02/25/09 02/26/09 7.96
Class I (DHSTX) 0.0530 — — 01/28/09 01/29/09 8.29
Investor (DSIAX) 0.0860 — — 12/29/08 12/30/08 8.23
Investor (DSIAX) — — — 12/15/08 12/16/08 7.99
Investor (DSIAX) 0.0560 — — 11/27/08 11/28/08 7.91
Investor (DSIAX) 0.0460 — — 10/30/08 10/31/08 8.19
Investor (DSIAX) 0.0520 — — 09/29/08 09/30/08 8.57
Investor (DSIAX) 0.0470 — — 08/28/08 08/29/08 9.59
Investor (DSIAX) 0.0520 — — 07/30/08 07/31/08 9.67
Investor (DSIAX) 0.0560 — — 06/27/08 06/30/08 9.93
Investor (DSIAX) 0.0560 — — 05/29/08 05/30/08 10.36
Investor (DSIAX) 0.0480 — — 04/29/08 04/30/08 10.46
Investor (DSIAX) 0.0560 — — 03/28/08 03/31/08 10.25
Investor (DSIAX) 0.0550 — — 02/28/08 02/29/08 10.56
Investor (DSIAX) 0.0360 — — 01/30/08 01/31/08 10.86
Class C (DSICX) 0.0810 — — 12/29/08 12/30/08 8.22
Class C (DSICX) — — — 12/15/08 12/16/08 7.98
Class C (DSICX) 0.0510 — — 11/27/08 11/28/08 7.90
Class C (DSICX) 0.0410 — — 10/30/08 10/31/08 8.19
Class C (DSICX) 0.0460 — — 09/29/08 09/30/08 8.56
Class C (DSICX) 0.0410 — — 08/28/08 08/29/08 9.58
Class C (DSICX) 0.0470 — — 07/30/08 07/31/08 9.67
Class C (DSICX) 0.0500 — — 06/27/08 06/30/08 9.92
Class C (DSICX) 0.0490 — — 05/29/08 05/30/08 10.36
Class C (DSICX) 0.0410 — — 04/29/08 04/30/08 10.46
Class C (DSICX) 0.0490 — — 03/28/08 03/31/08 10.24
Class C (DSICX) 0.0490 — — 02/28/08 02/29/08 10.55
Class C (DSICX) 0.0300 — — 01/30/08 01/31/08 10.86
Class I (DHSTX) 0.0890 — — 12/29/08 12/30/08 8.21
Class I (DHSTX) — — — 12/15/08 12/16/08 7.97
Class I (DHSTX) 0.0590 — — 11/27/08 11/28/08 7.89
Class I (DHSTX) 0.0490 — — 10/30/08 10/31/08 8.18
Class I (DHSTX) 0.0550 — — 09/29/08 09/30/08 8.55
Class I (DHSTX) 0.0500 — — 08/28/08 08/29/08 9.57
Class I (DHSTX) 0.0560 — — 07/30/08 07/31/08 9.66
Class I (DHSTX) 0.0590 — — 06/27/08 06/30/08 9.91
Class I (DHSTX) 0.0590 — — 05/29/08 05/30/08 10.35
Class I (DHSTX) 0.0510 — — 04/29/08 04/30/08 10.45
Class I (DHSTX) 0.0590 — — 03/28/08 03/31/08 10.23
Class I (DHSTX) 0.0590 — — 02/28/08 02/29/08 10.54
Class I (DHSTX) 0.0400 — — 01/30/08 01/31/08 10.84
Investor (DSIAX) 0.0940 — — 12/28/07 12/31/07 10.41
Investor (DSIAX) — — 0.1066 12/11/07 12/12/07 10.75
Investor (DSIAX) 0.0640 — — 11/29/07 11/30/07 10.87
Investor (DSIAX) 0.0600 — — 10/30/07 10/31/07 11.24
Investor (DSIAX) 0.0560 — — 09/27/07 09/28/07 11.32
Investor (DSIAX) 0.0530 — — 08/30/07 08/31/07 11.44
Investor (DSIAX) 0.0540 — — 07/30/07 07/31/07 11.33
Investor (DSIAX) 0.0530 — — 06/28/07 06/29/07 11.76
Investor (DSIAX) 0.0510 — — 05/30/07 05/31/07 11.98
Investor (DSIAX) 0.0620 — — 04/27/07 04/30/07 11.94
Investor (DSIAX) 0.0500 — — 03/29/07 03/30/07 11.92
Investor (DSIAX) 0.0310 — — 02/27/07 02/28/07 11.87
Investor (DSIAX) 0.0420 — — 01/30/07 01/31/07 11.80
Class C (DSICX) 0.0870 — — 12/28/07 12/31/07 10.41
Class C (DSICX) — — 0.1066 12/11/07 12/12/07 10.74
Class C (DSICX) 0.0570 — — 11/29/07 11/30/07 10.86
Class C (DSICX) 0.0520 — — 10/30/07 10/31/07 11.23
Class C (DSICX) 0.0490 — — 09/27/07 09/28/07 11.31
Class C (DSICX) 0.0450 — — 08/30/07 08/31/07 11.32
Class C (DSICX) 0.0460 — — 07/30/07 07/31/07 11.43
Class C (DSICX) 0.0460 — — 06/28/07 06/29/07 11.75
Class C (DSICX) 0.0430 — — 05/30/07 05/31/07 11.87
Class C (DSICX) 0.0540 — — 04/27/07 04/30/07 11.93
Class C (DSICX) 0.0430 — — 03/29/07 03/30/07 11.91
Class C (DSICX) 0.0250 — — 02/27/07 02/28/07 11.86
Class C (DSICX) 0.0340 — — 01/30/07 01/31/07 11.79
Class I (DHSTX) 0.0980 — — 12/28/07 12/31/07 10.40
Class I (DHSTX) — — 0.1066 12/11/07 12/12/07 10.73
Class I (DHSTX) 0.0680 — — 11/29/07 11/30/07 10.85
Class I (DHSTX) 0.0640 — — 10/30/07 10/31/07 11.22
Class I (DHSTX) 0.0590 — — 09/27/07 09/28/07 11.30
Class I (DHSTX) 0.0570 — — 08/30/07 08/31/07 11.31
Class I (DHSTX) 0.0580 — — 07/30/07 07/31/07 11.42
Class I (DHSTX) 0.0570 — — 06/28/07 06/29/07 11.74
Class I (DHSTX) 0.0550 — — 05/30/07 05/31/07 11.86
Class I (DHSTX) 0.0660 — — 04/27/07 04/30/07 11.92
Class I (DHSTX) 0.0540 — — 03/29/07 03/30/07 11.91
Class I (DHSTX) 0.0350 — — 02/27/07 02/28/07 11.85
Class I (DHSTX) 0.0460 — — 01/30/07 01/31/07 11.78
Investor (DSIAX) 0.0700 — — 12/28/06 12/29/06 11.71
Investor (DSIAX) 0.0560 — — 11/29/06 11/30/06 11.68
Investor (DSIAX) 0.0530 — — 10/30/06 10/31/06 11.57
Investor (DSIAX) 0.0560 — — 09/28/06 09/29/06 11.45
Investor (DSIAX) 0.0570 — — 08/30/06 08/31/06 11.42
Investor (DSIAX) 0.0600 — — 07/28/06 07/31/06 11.35
Investor (DSIAX) 0.0560 — — 06/29/06 06/30/06 11.27
Investor (DSIAX) 0.0500 — — 05/30/06 05/31/06 11.28
Investor (DSIAX) 0.0500 — — 04/27/06 04/28/06 11.32
Investor (DSIAX) 0.0500 — — 03/30/06 03/31/06 11.37
Investor (DSIAX) 0.0460 — — 02/27/06 02/28/06 11.36
Investor (DSIAX) 0.0560 — — 01/30/06 01/31/06 11.36
Class C (DSICX) 0.0620 — — 12/28/06 12/29/06 11.70
Class C (DSICX) 0.0490 — — 11/29/06 11/30/06 11.67
Class C (DSICX) 0.0460 — — 10/30/06 10/31/06 11.56
Class C (DSICX) 0.0480 — — 09/28/06 09/29/06 11.44
Class C (DSICX) 0.0490 — — 08/30/06 08/31/06 11.41
Class C (DSICX) 0.0530 — — 07/28/06 07/31/06 11.34
Class C (DSICX) 0.0510 — — 06/29/06 06/30/06 11.26
Class C (DSICX) 0.0430 — — 05/30/06 05/31/06 11.27
Class C (DSICX) 0.0430 — — 04/27/06 04/28/06 11.31
Class C (DSICX) 0.0420 — — 03/30/06 03/31/06 11.36
Class C (DSICX) 0.0390 — — 02/27/06 02/28/06 11.34
Class C (DSICX) 0.0480 — — 01/30/06 01/31/06 11.35
Class I (DHSTX) 0.0740 — — 12/28/06 12/29/06 11.69
Class I (DHSTX) 0.0600 — — 11/29/06 11/30/06 11.66
Class I (DHSTX) 0.0570 — — 10/30/06 10/31/06 11.55
Class I (DHSTX) 0.0600 — — 09/28/06 09/29/06 11.44
Class I (DHSTX) 0.0610 — — 08/30/06 08/31/06 11.40
Class I (DHSTX) 0.0640 — — 07/28/06 07/31/06 11.33
Class I (DHSTX) 0.0600 — — 06/29/06 06/30/06 11.25
Class I (DHSTX) 0.0540 — — 05/30/06 05/31/06 11.26
Class I (DHSTX) 0.0540 — — 04/27/06 04/28/06 11.30
Class I (DHSTX) 0.0540 — — 03/30/06 03/31/06 11.35
Class I (DHSTX) 0.0500 — — 02/27/06 02/28/06 11.34
Class I (DHSTX) 0.0600 — — 01/30/06 01/31/06 11.35
Investor (DSIAX) 0.0620 — — 12/29/05 12/30/05 11.25
Investor (DSIAX) 0.0460 — — 11/29/05 11/30/05 11.23
Investor (DSIAX) 0.0510 — — 10/28/05 10/31/05 11.35
Investor (DSIAX) 0.0530 — — 09/29/05 09/30/05 11.47
Investor (DSIAX) 0.0520 — — 08/30/05 08/31/05 11.60
Investor (DSIAX) 0.0550 — — 07/28/05 07/29/05 11.68
Investor (DSIAX) 0.0550 — — 06/29/05 06/30/05 11.61
Investor (DSIAX) 0.0570 — — 05/27/05 05/31/05 11.54
Investor (DSIAX) 0.0550 — — 04/28/05 04/29/05 11.52
Investor (DSIAX) 0.0550 — — 03/30/05 03/31/05 11.48
Investor (DSIAX) 0.0570 — — 02/25/05 02/28/05 11.65
Investor (DSIAX) 0.0580 — — 01/28/05 01/31/05 11.65
Class C (DSICX) 0.0550 — — 12/29/05 12/30/05 11.24
Class C (DSICX) 0.0390 — — 11/29/05 11/30/05 11.22
Class C (DSICX) 0.0430 — — 10/28/05 10/31/05 11.34
Class C (DSICX) 0.0460 — — 09/29/05 09/30/05 11.46
Class C (DSICX) 0.0450 — — 08/30/05 08/31/05 11.59
Class C (DSICX) 0.0480 — — 07/28/05 07/29/05 11.67
Class C (DSICX) 0.0480 — — 06/29/05 06/30/05 11.61
Class C (DSICX) 0.0500 — — 05/27/05 05/31/05 11.53
Class C (DSICX) 0.0500 — — 04/28/05 04/29/05 11.52
Class C (DSICX) 0.0480 — — 03/30/05 03/31/05 11.48
Class C (DSICX) 0.0510 — — 02/25/05 02/28/05 11.60
Class C (DSICX) 0.0500 — — 01/28/05 01/31/05 11.65
Class I (DHSTX) 0.0670 — — 12/29/05 12/30/05 11.23
Class I (DHSTX) 0.0500 — — 11/29/05 11/30/05 11.21
Class I (DHSTX) 0.0550 — — 10/28/05 10/31/05 11.34
Class I (DHSTX) 0.0570 — — 09/29/05 09/30/05 11.45
Class I (DHSTX) 0.0570 — — 08/30/05 08/31/05 11.59
Class I (DHSTX) 0.0600 — — 07/28/05 07/29/05 11.66
Class I (DHSTX) 0.0600 — — 06/29/05 06/30/05 11.60
Class I (DHSTX) 0.0620 — — 05/27/05 05/31/05 11.53
Class I (DHSTX) 0.0620 — — 04/28/05 04/29/05 11.51
Class I (DHSTX) 0.0620 — — 03/30/05 03/31/05 11.47
Class I (DHSTX) 0.0620 — — 02/25/05 02/28/05 11.64
Investor (DSIAX) 0.0680 — — 12/30/04 12/31/04 11.63
Investor (DSIAX) — 0.0810 0.0593 12/13/04 12/14/04 11.59
Investor (DSIAX) 0.0580 — — 11/29/04 11/30/04 11.72
Investor (DSIAX) 0.0468 — — 10/28/04 10/29/04 11.64
Investor (DSIAX) 0.0801 — — 09/29/04 09/30/04 11.60
Investor (DSIAX) 0.0527 — — 08/30/04 08/31/04 11.51
Investor (DSIAX) 0.0385 — — 07/29/04 07/30/04 11.36
Investor (DSIAX) 0.0755 — — 06/29/04 06/30/04 11.20
Investor (DSIAX) 0.0295 — — 05/27/04 05/28/04 11.23
Investor (DSIAX) 0.0392 — — 04/29/04 04/30/04 11.31
Investor (DSIAX) 0.0688 — — 03/30/04 03/31/04 11.80
Investor (DSIAX) 0.0464 — — 02/26/04 02/27/04 11.69
Investor (DSIAX) 0.0405 — — 01/29/04 01/30/04 11.66
Class C (DSICX) 0.0610 — — 12/30/04 12/31/04 11.63
Class C (DSICX) — 0.0810 0.0593 12/13/04 12/14/04 11.58
Class C (DSICX) 0.0540 — — 11/29/04 11/30/04 11.72
Class C (DSICX) 0.0396 — — 10/28/04 10/29/04 11.64
Class C (DSICX) 0.0728 — — 09/29/04 09/30/04 11.60
Class C (DSICX) 0.0456 — — 08/30/04 08/31/04 11.51
Class C (DSICX) 0.0312 — — 07/29/04 07/30/04 11.36
Class C (DSICX) 0.0685 — — 06/29/04 06/30/04 11.20
Class C (DSICX) 0.0224 — — 05/27/04 05/28/04 11.23
Class C (DSICX) 0.0322 — — 04/29/04 04/30/04 11.31
Class C (DSICX) 0.0612 — — 03/30/04 03/31/04 11.80
Class C (DSICX) 0.0397 — — 02/26/04 02/27/04 11.68
Class C (DSICX) 0.0331 — — 01/29/04 01/30/04 11.66
Investor (DSIAX) 0.0688 — — 12/30/03 12/31/03 11.58
Investor (DSIAX) — 0.0938 — 12/16/03 12/17/03 11.55
Investor (DSIAX) 0.0401 — — 11/27/03 11/28/03 11.56
Investor (DSIAX) 0.0440 — — 10/30/03 10/31/03 11.42
Investor (DSIAX) 0.0771 — — 09/29/03 09/30/03 11.29
Investor (DSIAX) 0.0571 — — 08/28/03 08/29/03 11.13
Investor (DSIAX) 0.0586 — — 07/30/03 07/31/03 11.13
Investor (DSIAX) 0.0547 — — 06/27/03 06/30/03 11.28
Investor (DSIAX) 0.0554 — — 05/29/03 05/30/03 11.15
Investor (DSIAX) 0.0381 — — 04/29/03 04/30/03 10.88
Investor (DSIAX) 0.0756 — — 03/28/03 03/31/03 10.58
Investor (DSIAX) 0.0471 — — 02/27/03 02/28/03 10.53
Investor (DSIAX) 0.0569 — — 01/30/03 01/31/03 10.44
Class C (DSICX) 0.0616 — — 12/30/03 12/31/03 11.58
Class C (DSICX) — 0.0938 — 12/16/03 12/17/03 11.55
Class C (DSICX) 0.0330 — — 11/27/03 11/28/03 11.56
Class C (DSICX) 0.0372 — — 10/30/03 10/31/03 11.42
Class C (DSICX) 0.0705 — — 09/29/03 09/30/03 11.29
Class C (DSICX) 0.0497 — — 08/28/03 08/29/03 11.13
Class C (DSICX) 0.0509 — — 07/30/03 07/31/03 11.12
Class C (DSICX) 0.0470 — — 06/27/03 06/30/03 11.27
Class C (DSICX) 0.0493 — — 05/29/03 05/30/03 11.14
Class C (DSICX) 0.0307 — — 04/29/03 04/30/03 10.88
Class C (DSICX) 0.0691 — — 03/28/03 03/31/03 10.58
Class C (DSICX) 0.0482 — — 02/27/03 02/28/03 10.53
Class C (DSICX) 0.0507 — — 01/30/03 01/31/03 10.44
Investor (DSIAX) 0.0847 — — 12/30/02 12/31/02 10.28
Investor (DSIAX) — 0.0150 — 12/17/02 12/18/02 10.22
Investor (DSIAX) 0.0476 — — 11/28/02 11/29/02 10.20
Investor (DSIAX) 0.0191 — — 10/30/02 10/31/02 10.00
Class C (DSICX) 0.0778 — — 12/30/02 12/31/02 10.28
Class C (DSICX) — 0.0150 — 12/17/02 12/18/02 10.22
Class C (DSICX) 0.0924 — — 11/28/02 11/29/02 10.21
Class C (DSICX) 0.0168 — — 10/30/02 10/31/02 10.00

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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 Foreside Financial Services, 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.

Risk Disclosure:  The Short Duration Securitized Bond Fund, Core Bond Fund, Corporate Credit Fund and High Yield Fund invest in fixed income securities; the value of fixed-income securities varies inversely with interest rates; that is, 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 Short Duration Securitized Bond Fund and Core Bond Fund may also invest in asset-backed, mortgage-related, and mortgage-backed securities. 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.

Fund holdings, sector allocations, and portfolio statistics subject to change without notice.

Analytics provided by The Yield Book® Software.

1 Definitions: Effective duration measures the interest rate risk of the Fund. It is an estimate of the approximate percentage change in the Fund’s net asset value resulting from a one percentage point change in interest rates. Weighted average maturity measures the weighted average of all maturities of the bonds in the portfolio, computed by weighting each maturity date by the market value of the security. Interest rate fluctuations have a greater impact on the price per share of funds holding bonds with longer average lives. Yield to Worst is calculated based on call structures of the underlying securities and represents the least favorable yield to the bond holder. Standard Deviation measures the volatility of the Fund’s returns. Sharpe Ratio uses the Fund’s standard deviation and average excess return over the risk-free rate to determine reward per unit of risk. Statistics for periods less than one year are not annualized. Risk statistics are relative to the ICE BofA U.S. Corporate & High Yield Index.

Since inception risk statistics are calculated using monthly returns beginning on the first day of the Fund’s first full month of performance.

2 The 30-day SEC Yield represents net investment income earned by the fund over the previous 30-day period, expressed as an annual percentage rate based on the Fund's share price at the end of the 30-day period.

3 Cash & Other may include cash, treasuries, money market funds, collateralized debt/loan obligations, and short duration fixed income funds.

4 Security quality ratings are derived from underlying portfolio securities by using the middle rating of Standard & Poor’s, Moody’s, and Fitch. If only two of Standard & Poor’s, Moody’s, and Fitch rates a security the higher of the two is selected. If only one of Standard & Poor’s, Moody’s, and Fitch rates a security the available rating is used. For securities that are not rated by Standard & Poor’s, Moody’s, or Fitch a rating from a secondary Nationally Recognized Statistical Rating Organization (“NRSRO”) may be used. Ratings by any agency represent an opinion only, not a recommendation to buy or sell. Securities that are not rated by any agencies are reflected as Not Rated “NR”.

5 Investment Grade is a Bond Quality Rating of AAA, AA, A or BBB. Investment Grade grouping includes cash position. Not Rated grouping includes short duration fixed income funds.

The ICE BofA U.S. Corporate & High Yield Index is comprised of U.S. dollar denominated investment grade and below investment grade corporate debt publicly issued in the U.S. domestic market.

Index data source: ICE Data Indicies, LLC. See diamond-hill.com/disclosures for a full copy of the disclaimer. The ICE index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its third party suppliers and has been licensed for use by Diamond Hill Capital Management, Inc. ICE Data and its third party suppliers accept no liability in connection with its use. ICE Data was not involved in the creation of the blended indexes. These indices do not incur fees and expenses (which would lower the return) and are not available for direct investment.

As of 6/30/21 there were 5 gold rated, 10 silver rated, 7 bronze rated, 27 neutral rated, 0 negative rated and 186 not rated funds in the High Yield Bond category based on the cheapest share class for each fund as defined by Morningstar. The cheapest share class does not necessarily equate to the highest rated share class. Class I shares are not the cheapest share class for the Diamond Hill Corporate Credit Fund.

The Morningstar Analyst RatingTM is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used.

The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx.

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

The Overall Morningstar Rating™ is based on 634 High Yield Bond funds as of 6/30/21. The Fund’s Class I rating was 5 stars among 634, 5 stars among 556, 5 stars among 361 High Yield Bond funds for the 3-, 5-, and 10-year periods 6/30/21, respectively.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The Morningstar Broad Fee Level data point compares the fund's prospectus adjusted operating net expense ratio to the prospectus adjusted operating net expense ratio of all the other funds within its Morningstar Category.

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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