February 28, 2013
Dunham Acquires the Performance Track Record and Assets of One of the Top Performing
Funds in its Morningstar Peer Group
San Diego, CA – February 28, 2013 - Dunham & Associates
Investment Counsel, Inc. (DAIC) announced that it has launched a newly-formed Dunham Fund – the Dunham
Alternative Strategy Fund. Dunham has hired Market Concepts, LLC (formerly Sherwood Forest Capital Management LLC) to be the
Sub-Adviser for the fund.
In launching the Dunham Alternative Strategy Fund, DAIC acquired the assets of and the performance track record for the
Sherwood Forest Alternative Fund, which has historically been one of the top performing mutual funds in its Morningstar
peer group since its inception in 2009, according to Morningstar.
Partnering with Market Concepts, LLC will expand the Dunham Funds offerings to include a mutual fund whose Sub-Adviser
implements a historically highly successful trend following investment approach. Trend following investment strategies
generally seek to take advantage of market movements and are intended to make profits during both up and down long-term
market trends, which the portfolio managers at Market Concepts, LLC have traditionally done very well with this fund.
“We are pleased to add one of the top performing funds in its asset class to the Dunham Funds
investment offerings. Launching the Dunham Alternative Strategy Fund presents investors with an even broader range
of investment opportunities within the Dunham Funds offerings and will further increase the attractiveness and the
strength of the Dunham Funds line-up” said DAIC’s Founder and CEO, Jeffrey A. Dunham.
Joe McDonald, Partner and Co-Portfolio Manager at Market Concepts, LLC stated, “Given their
customer-focused culture, unique and diverse product offerings, and strong growth, we are privileged to be
partnering with Dunham & Associates and we look forward to managing the Dunham Alternative Strategy Fund.”
Dunham & Associates Chief Sales & Marketing Officer, Salvatore M. Capizzi, is also extremely excited about
adding the Dunham Alternative Strategy Fund to Dunham’s offerings saying, “We are thrilled to be
working with the team at Market Concepts, LLC. They have a proven track record and investment methodology that
has worked over time and been recognized by the industry. I believe that advisors and investors will recognize
that this Fund is managed by who we believe to be a superb team and can be a great investment option to diversify
and broaden a portfolio.”
The Ticker Symbol for the Dunham Alternative Strategy Fund is DNASX.
About Dunham & Associates
Founded in 1985, Dunham & Associates Investment Counsel, Inc. (DAIC) is an independently owned Registered
Investment Adviser and Broker/Dealer. DAIC has specialized in providing wealth management solutions and related
services for institutions, foundations, and high-net-worth individuals for over two decades. Dunham &
Associates Holdings, Inc., parent company for Dunham & Associates Investment Counsel, Inc. and Dunham
Trust Company, has close to $3 billion in fee-generating assets.
DAIC solutions include institutionally-managed mutual funds in which the Sub-Advisers’
compensation is tied to performance as measured against an established benchmark. Solutions also include
Dunham’s Asset Allocation Strategies, which are offered as part of a turnkey asset management
Voted as the 2013 Best Advisor-Friendly Trust Company of the Year by Trust Advisor subscribers, Dunham Trust
Company is a privately held trust company which was founded in August, 1999. It is licensed and regulated by
the State of Nevada, Department of Business and Industry, Financial Institutions Division. Dunham Trust Company
and Dunham & Associates Investment Counsel, Inc. are affiliated entities.
For more information about Dunham & Associates Investment Counsel, Inc. and its investments and services,
visit www.dunham.com or call (800) 442-4358.
Investors should consider the investment objectives, risk factors, charges, and expenses of the Dunham Funds
carefully before investing. This and other important information is contained in the Fund’s summary
prospectus and/or prospectus, which may be obtained by contacting your financial advisor, or by calling toll
free (800) 442-4358. Please read prospectus materials carefully before investing or sending money.
Dunham Alternative Strategy Fund N-shares (DNASX) Historical Performance Source: Morningstar®
The Dunham Funds have a Sub-Adviser performance-based management fee that adjusts upward or downward based on the
Fund’s performance relative to an established benchmark index over a performance measurement period.
Some Sub-Advisers may receive a minimum fee regardless of whether or not a performance benchmark is met or exceeded.
Dunham & Associates Investment Counsel, Inc. serves as adviser and distributor of the Dunham Funds, and as such,
receives a separate fee.
Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer. Member FINRA/SIPC.
About Market Concepts, LLC
Market Concepts, LLC (mConcepts), previously named Sherwood Forest Capital Management LLC, is an SEC registered
investment advisory firm located in central Virginia. The company serves as the sub-advisor to a mutual fund and
offers managed accounts. The company changed its name to mConcepts on February 1, 2013.