Diamond Hill Wins 2022 Refinitiv Lipper Fund Award

COLUMBUS, Ohio – March 22, 2022 – Diamond Hill Capital Management, Inc., a subsidiary of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL), announced today that its All Cap Select Fund has been recognized for 2022 Refinitiv Lipper Awards in the Multi-Cap Value Funds category for consistently strong risk-adjusted performance relative to its peers.

The Refinitiv Lipper Awards include:

• Diamond Hill All Cap Select Fund, Y (Digital Trophy) – 5 years
• Diamond Hill All Cap Select Fund, I (Certificate) – 10 years

“We are honored to be recognized by the Lipper Awards this year as a testament to our commitment to a long-term intrinsic value philosophy,” said Austin Hawley, Co-Portfolio Manager on the All Cap Select Fund. “At Diamond Hill, our ownership mindset helps ensure we deeply understand the businesses we invest in, giving us the conviction necessary to manage a more focused portfolio.”

The Diamond Hill All Cap Select Fund, co-managed by Austin Hawley and Rick Snowdon, seeks to invest in companies trading at a discount to their intrinsic value. The Fund takes a high-conviction approach, focusing its assets in 30-40 holdings that are usually higher quality, have the potential to grow their intrinsic value and trade at an attractive valuation.

“We’re delighted to receive this award as it reflects the benefits of an actively managed all cap strategy, which allows managers to be nimble and redeploy capital towards our most attractive opportunities,” said Rick Snowdon, Co-Portfolio Manager on the All Cap Select Fund.

About the Refinitiv Lipper Fund Awards

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

About Diamond Hill

Diamond Hill invests on behalf of clients through a shared commitment to its valuation-driven investment principles, long-term perspective, capacity discipline and client alignment. An independent active asset manager with significant employee ownership, Diamond Hill’s investment strategies include differentiated U.S. and international equity, alternative long-short equity and fixed income. As of February 28, 2022, Diamond Hill has $30.0 billion in assets under management. For more information, visit www.diamond-hill.com.

The Fund’s Class Y Shares ranked No. 1 out of 167 similar funds for its performance over the five years ending November 30, 2021. The Fund’s Class I Shares ranked No. 1 out of 140 similar funds for its performance over the 10 years ending November 30, 2021.

Risk Disclosure: Overall equity market risks may affect the value of the fund.

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.

An Investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing or sending any money. This and other information about the Fund(s) can be found in the Fund’s(s) prospectus or summary prospectus which can be obtained 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. Like all mutual funds, Diamond Hill Funds are not FDIC insured, may lose value and have no bank guarantee.