Diamond Hill Core Bond Fund Investor Share (DHRAX)

Overview

The fund is designed to offer investors the opportunity to gain returns through a diversified portfolio primarily composed of investment grade, fixed income securities. Such investments span across various sectors both within the U.S. and internationally, including bonds, debt securities, and other U.S. dollar-denominated financial instruments from both public and private entities. This includes issuers from non-U.S. corporations or U.S. affiliates of non-U.S. entities. By focusing at least 80% of its net assets, along with any borrowed funds, in these instruments, the fund aims to provide a total return to its investors. The Adviser has the discretion to invest a significant portion, or even all assets, in mortgage-related and mortgage-backed securities, depending on the prevailing market conditions and investment opportunities. This flexibility allows the fund to adapt to various market environments to seek optimal returns.

Products and Services

• Investment Grade Fixed Income Securities

These are bonds and debt securities that are rated as having a lower risk of default, making them an attractive option for investors seeking steady income with a lower risk profile. The fund invests in a diversified portfolio of these instruments, issued by a variety of entities within the U.S. and by non-U.S. corporations or their U.S. affiliates.

• Mortgage-Related and Mortgage-Backed Securities

At the discretion of the Adviser, the fund may allocate a significant portion of its assets—or even its entire portfolio—to these types of securities. Mortgage-backed securities are investments secured by mortgages, which can offer higher yields compared to other fixed income securities. This flexibility enables the fund to pivot towards these securities when they are deemed to offer favorable return opportunities.