Diamond Hill Small Mid Cap Fund Class I

This fund aims for significant capital growth over the long term. It typically allocates a minimum of 80% of its net assets to U.S. common stocks, specifically focusing on enterprises with small and medium market capitalizations that the investment adviser identifies as undervalued. These small and mid-cap firms are defined as those possessing market valuations, at the point of purchase, between $500 million and $10 billion, or alternatively, within the market capitalization range of companies found in the Russell 2500 Index at that same time. The adviser’s methodology centers on assessing a company's intrinsic worth independently of its prevailing stock market price.