December 10, 2014
San Diego, CA – December 10, 2014 - Dunham & Associates Investment Counsel, Inc., one of the few asset management firms dedicated to what they term "accountable asset
management compensation," today announced the 10 year anniversary of the Dunham Funds,
which are a family of 16 publicly traded mutual funds with performance-based
management compensation. Accountable asset management means that the institutional money managers responsible for the Dunham Funds portfolio
management are paid based on how they perform. In short, the Funds' Sub-Advisers are compensated more when they outperform their
performance benchmarks and less if they underperform. While Dunham is aware that this type of fee structure is available in other fund families,
they believe that they are one of the only firms who apply this approach across the board to 100% of the investments that they offer.
Founder and CEO, Jeffrey Dunham says that
"While Dunham Funds are 10 years old, we have been managing money for almost three decades. The Dunham Funds simply represent the
investment vehicle we chose as our assets grew. However, our fervent belief in the performance-based accountability for all of our customers
and our financial advisors' client accounts has remained constant over those almost 30 years of asset management.
"Our approach to the management of our funds, including our fee structure, embraces the firm's core values of fairness and
accountability" said Tammy Wendoll, Chief Operating Officer, who went on to comment that "We hire institutional Sub-Advisers who
we believe to be world class versus their peer groups and tie their compensation to their performance, as we believe that the fees they
receive should be aligned with our client's interests. In our view, the Dunham Funds managers ought to be paid for how they perform,
not just for showing up to work."
The Dunham Funds are sold nationally by financial advisors, independent Broker/Dealers, wirehouses and Registered Investment Advisors.
Chief Sales and Marketing Officer, Salvatore M. Capizzi, notes that "We admire the sincere dedication to helping clients meet their
investment goals displayed by the many financial advisors with whom we work and believe that their commitment to performance and accountability
is in-line with what the Dunham Funds represent. It has helped engender trust and partnership, both of which are very important to us."
"This milestone is a testament to the hard work, dedication and professionalism of the
Dunham Funds' institutional Sub-Advisers and the financial advisors that believe
in our approach to asset management." said Research Director, Ryan Dykmans. "Our fund family offers investors the opportunity
to meet a variety of important investment goals and it is important to us to help them do so in a way that is responsible and that holds
people accountable in a meaningful way."
The Dunham Funds are a subsidiary of Dunham & Associates Investment Counsel, Inc. (DAIC),
which celebrates its 30 year anniversary in 2015. DAIC is a Registered Investment Advisor / Broker Dealer that offers financial advisors
turnkey asset management programs and investments in addition to personal trust services through their subsidiary, Dunham Trust Company,
which celebrated its 15 year anniversary this year.
From $500 million in assets under management and administration in 2004 to more than $3.4 billion as of November 30, 2014, DAIC and the
Dunham Funds have seen what the firm believes to be solid performance across asset classes since inception. Combining accountability and
fairness has been a winning value proposition for both DAIC and the Dunham Funds family who look forward to providing its nationwide client
base with what they believe to be exceptional performance for years to come.
For more information about the Dunham Funds or DAIC 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. Investing involves risk, including possible loss of principal.
Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer. Member FINRA/SIPC.
Dunham & Associates Investment Counsel, Inc. serves as adviser and distributor of the Dunham Funds. 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 Trust Company and Dunham & Associates Investment Counsel, Inc. are affiliated entities.