Diamond Hill Announces Launch of Active ETF DHLX

COLUMBUS, Ohio, Sept. 30, 2025 /PRNewswire/ -- Diamond Hill, a boutique investment management firm with a long-term, valuation-disciplined approach across multiple asset classes, has completed the conversion of its mutual fund, the Large Cap Concentrated Fund, into an exchange-traded fund (ETF), the Large Cap Concentrated ETF (DHLX). Structured as an active ETF, DHLX will expand Diamond Hill's equity offerings and provide a new vehicle for investors. The ETF also offers investors intraday liquidity and daily holdings transparency. DHLX intends to hold approximately 20 to 30 securities and will be managed by Austin Hawley, CFA.

"The Large Cap Concentrated strategy underscores the power of selectivity and a high-conviction investment philosophy," said Hawley. "With this conversion, we will continue to offer clients the same intrinsic value-focused philosophy, where we deeply understand the valuations of the businesses we invest in and are conscious of the price we pay."

"At Diamond Hill, we evolve alongside our clients to provide solutions that best meet their long-term needs," said Heather Brilliant, CFA, Diamond Hill CEO. "We will continue to be thoughtful as we consider additional portfolios or new capabilities that may make sense to offer as active ETFs. Alongside the launch of our ETF, we also filed for ETF share class exemptive relief. We welcome the opportunity to offer more choice to our clients."

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 US and international equity, alternative long-short equity and fixed income. As of August 31, 2025, Diamond Hill's assets under management and assets under advisement totaled $32.8 billion. For more information visit www.diamond-hill.com.

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Carefully consider the Fund's investment objectives, risks and expenses. This and other important information are contained in the Fund's prospectus and summary prospectus, which are available at diamond-hill.com or calling 888.226.5595. Read 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. Not FDIC insured | No bank guarantee | May lose value

Large Cap Concentrated Risk Disclosure: Because the portfolio holds a limited number of securities, a decline in the value of these investments may affect overall performance to a greater degree than a less concentrated portfolio.

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SOURCE Diamond Hill