September 24, 2007
SAN DIEGO, CA –
Dunham & Associates Investment Counsel, Inc. today announced
the launch of The Dunham Funds brand to emphasize its asset management capabilities
through performance fee-based funds. The firm has introduced new sales and marketing
materials and other tools which feature a new logo and look. These materials are
intended to reaffirm and communicate the firm's commitment to delivering a family of
institutional quality performance fee-based funds that are supported with preeminent
"The Dunham Funds brand asserts the core belief on which the Dunham Funds are
founded, our way of doing business for over two decades, and our commitment to
helping financial advisors grow their businesses while doing what we believe is best
for their clients," said CEO Jeffrey A. Dunham. "We believe sub-adviser
compensation should be tied, wherever possible, to how well they manage the
Funds. That is why The Dunham Funds provides the accountability and inherent
fairness of performance-based fees for its entire line."
The objective of a performance fee-based structure is to better align the interests
of clients and sub-advisers by tying compensation to managerial performance.
When performance is good, sub-adviser compensation increases over and above
applicable benchmarks. If performance declines, sub-advisers forfeit
performance compensation and possibly a portion of the fixed base fee as well.
Significant underperformance could result in no compensation at all for the subadviser.
"The Dunham Funds brand emphasizes our focus on providing clients with a
complete line of performance fee-based funds managed by some of the best
institutional sub-advisers in the business, with objectives designed to meet practically
every investor need," continued Dunham. "Ultimately, we believe investors can be
more confident with The Dunham Funds because sub-adviser compensation is tied
to fund performance. This is a point of differentiation that sets a financial advisor
apart from competitors in an increasingly commoditized industry."
The Dunham Funds are available individually, as part of a turnkey asset
management program and through qualified 401(k) and profit sharing plans.
Dunham & Associates Investment Counsel, Inc. serves as advisor and distributor
of The Dunham Funds. Founded in 1985, DAIC is a Registered Investment
Adviser and FINRA broker/dealer and receives a separate fee as adviser to and
distributor of The Dunham Funds. DAIC offers sub-advised mutual funds that
ensure that investors pay sub-advisers for investment success relative to an
established benchmark. Some sub-advisers receive a minimum fee regardless of
whether that benchmark is met or not. DAIC has specialized in providing investment
programs for institutions, foundations, and high net-worth individuals
for over two decades. Dunham's public funds, launched in December 2004,
have approximately $400 million in assets as of this release. For complete
information about Dunham & Associates Investment Counsel, Inc. and its
products and services, visit www.dunham.com or call 800-442-4358.
Carefully consider the funds' objectives, risk factors, charges and expenses
before investing. This and other information can be found in the Fund
prospectus, which may be obtained by calling Dunham & Associates Investment
Counsel, Inc. at 800-442-4358. The prospectus should be read carefully before
investing, which involves risk, including possible loss of principal.
Some sub-advisers may receive a minimum fee regardless of performance.
Dunham & Associates Investment Counsel, Inc. serves as adviser and distributor
of The Dunham Funds. The Dunham Funds are a separate series of the