Understanding Edge

Reflections on Core Plus at One Year

Portfolio Manager Arthur Cheng joins the Understanding Edge podcast to share his career journey, discuss dynamics in the high-yield market and reflect on the first year of Diamond Hill’s Core Plus Strategy. (21 min podcast)   Disclosure S&P 500 Index measures the performance of 500 large companies in the US. Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). Investment Grade is a Bond Quality Rating of AAA, AA, A or BBB. Past performance is not a guarantee of future results. Composite results reflect the reinvestment of dividends, capital gains and other earnings when appropriate. Net returns are calculated by reducing the gross returns by the highest stated fee in the composite fee schedule. Only transaction costs are deducted from gross of fees returns. To view a GIPS Report for all composites, click here [https://www.diamond-hill.com/sitefiles/live/documents/composites/GIPS_compliant_presentations.pdf]. The views expressed are those of the speakers as of September 2025 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Bonds, Yields and Shifting Tides: Mid-Year Market Update

Join us for a timely mid-year webinar where we examine the evolving landscape of interest rates, credit spreads and macroeconomic indicators shaping the bond markets in 2025. With central banks adjusting their course, inflation dynamics shifting and investor sentiment evolving, we’ll explore what these developments mean for fixed income investors.   Key topics will include: * Federal Reserve policy expectations and interest rate trajectories * Geopolitical influences, inflation trends and recession risk assessments * Securitized market dynamics * Strategic investment ideas for the second half of 2025 Whether you're managing portfolios, evaluating fixed income products, or seeking to stay informed, this session will provide actionable insights and forward-looking perspectives to support your investment decisions.

Fiscal Headwinds and Fed Signals: Decoding the Bond Market

Tariffs, Fed shifts and a newly normalized yield curve — Doug Gimple breaks down what fixed income investors need to know heading into the second half of 2025.

Understanding the Impact of Tariffs and Inflation on Fixed Income Markets

Dive into the recent events impacting fixed income markets with Douglas Gimple. Explore topics including the Fed, tariffs and inflation. (24 min podcast)

Unlocking Value in High-Yield Markets: Live Insights with Arthur Cheng

Explore insights from portfolio manager Arthur Cheng, CFA, on high-yield markets and their role in the Core Plus strategy. He also discusses what risks investors should be watching for and where opportunities might arise in today’s dynamic environment. DISCLOSURES The performance data quoted represents past performance and is not indicative of future results. The discussion of specific portfolio holding(s) performance is provided gross of fees and should be viewed in conjunction with the net of fee returns provided for the entire strategy. Performance for the strategies are available here: Core Bond [https://www.diamond-hill.com/investment-strategies/fixed-income/core-bond/separate-account/] and Core Plus [https://www.diamond-hill.com/investment-strategies/fixed-income/core-plus-bond/separate-account/]. Securities referenced may not be representative of all portfolio holdings. Listeners should not assume that an investment in the securities was or will be profitable. Credit ratings are an estimate of the level of risk involved in lending money to a business or other entity. Bonds receive credit ratings before they are issued. While each rating agency uses a slightly different scale, they assign ratings as letter grades. In general, a rating of AAA is the highest possible credit rating, while a C or D rating is the lowest. Investment Grade is a Bond Quality Rating of AAA, AA, A or BBB.  As of 31 March 2025, Diamond Hill owned shares of Bank OZK. As of 28 February 2025, Diamond Hill owned debt of Bank OZK, Brundage-Bone Concrete Pumping, Adient Global Holdings, Bread Financial Holdings. As of 31 January 2025, Diamond Hill owned shares of Concrete Pumping Holdings Inc. Bloomberg US Corporate High Yield Index measures the USD-denominated, high yield, fixed-rate corporate bond market. Securities are classified as high yield if the middle rating of Moody’s, Fitch and S&P is Ba1/BB+/BB+ or below. Bonds from issuers with an emerging markets country of risk, based on the indices’ EM country definition, are excluded. The views expressed are those of the speakers as of April 2025 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.