Aaron Monroe, CFA, serves as Portfolio Manager of the Diamond Hill Small Cap Fund, having co-managed the Small Cap strategy since February 2019 after joining Diamond Hill in 2007 as an equity trader. He transitioned into portfolio management and research roles, developing expertise primarily in U.S. small-cap equities within the Russell 2000 Index universe. Monroe focuses on identifying durable, profitable companies with strong management alignment, employing a disciplined investment process that emphasizes both qualitative business attributes and quantitative intrinsic value analysis across various sectors. His investment approach seeks companies with resilience and durability to grow value over time while trading below reasonable long-term valuations, allowing patience to work in favor of rational decision-making during challenging market environments. Prior to Diamond Hill, Monroe worked as a consulting group analyst at Smith Barney (2006-2007) and as an associate at Duff & Phelps in 2005. He holds a Bachelor of Business Administration in Finance, Accounting, and Economics from The Ohio State University (2000–2004), graduating cum laude, bringing strong analytical foundations to his portfolio management responsibilities.

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Diamond Hill Capital Management employs a consistent intrinsic value investment philosophy focused on acquiring ownership stakes in businesses trading below their estimated intrinsic value and holding until that value is realized. The firm treats each share of stock as a true ownership interest in a business, emphasizing long-term value creation through patient capital allocation. Portfolio managers seek durable, profitable companies with strong management alignment, employing disciplined investment processes that emphasize both qualitative attributes and intrinsic value analysis. The investment approach prioritizes bottom-up fundamental analysis considering earnings, revenue growth, operating margins, and industry factors without sector constraints. The firm believes in finding opportunities where intrinsic value is underappreciated, often discovering gems where others are fearful through deep fundamental work and cash flow analysis with appropriate margins of safety. The philosophy centers on the principle that price is what you pay while value is what you get, supporting long-term wealth creation for clients through patient, research-driven investment decisions.

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