January 5, 2015
San Diego, CA, January 5, 2014 - In 1985, Jeffrey Dunham opened the doors of Dunham & Associates Investment
Counsel, Inc., (Dunham) officially launching an organization founded upon the belief that providing fair and accountable investment management
was the only way to do business. Although he was not the original pioneer, he was an early adopter and strong advocate of tying the fees
investors pay to the performance of their accounts. Thirty years have passed and over this time Dunham & Associates and has continued to
thrive and grow through ever changing market environments. As Dunham kicks off its 30th year with over $3.3 billion in assets under management
and administration*, the firm has not changed the basic tenets upon which it was established and has no plans to do so.
Chairman and CEO, Jeffrey Dunham says, "I'm proud to have been able to successfully implement what I believe is a fair-minded way to manage
money. Aligning the performance of client accounts with their fees has served our investors well while truly demonstrating that we are here
to build mutually respectful, long-term partnerships. In my opinion, this approach to working in partnership with both financial advisors and
their clients engenders a level of trust and commitment to their success that I feel is often overlooked."
Mr. Dunham's approach is applied across the firm's investment offerings, including all of the funds in the firm's publicly traded mutual fund
family, the Dunham Funds, which are distributed nationally by financial advisors, independent Broker/Dealers, wirehouses and Registered
Investment Advisors. The Funds are likewise part of Dunham's turnkey mutual fund wrap program where financial advisors also have the option
to implement a performance-based approach, charging advisory fees only when their client makes money.
"This milestone is a testament to the hard work, dedication and professionalism of the financial advisors that believe in our approach to
asset management as well as Dunham Funds' institutional Sub-Advisers who agree to be
compensated based upon how they perform versus their benchmarks." said Chief Operating Officer, Tamara B. Wendoll.
Now in her 16th year with Dunham, Chief Financial Officer, Denise Iverson, states that "We believe that our fund family offers investors the
opportunity to meet a variety of important investment goals, and it is important to us that we help them to do so using an approach that is
responsible and that holds people accountable in a meaningful way." She went on to say that 'We look forward to continuing to serve investors
for the next thirty years and beyond and will strive to preserve what we feel are important corporate values - fairness and accountability.'
In addition to the Dunham Funds and the turn-key mutual fund wrap platform, Dunham & Associates Holdings, Inc. also owns the Dunham Trust
Company (DTC), a Reno, Nevada-based trust company that celebrated its 15th anniversary in 2014 and also recently announced their strategic
partnership with Provident Trust Group (Provident) that will allow DTC to act as an administrator and trustee on current and future Provident
*As of December 31, 2014
Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer. Member FINRA/SIPC.
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 (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. serves as adviser and distributor of the Dunham Funds, and as such, receives a separate fee.
Some Sub-Advisers receive a minimum fee regardless of performance and whether that benchmark is met or not.
Each time a fee is paid, a new high water mark is established and the financial advisor does not receive additional fees until the account
value exceeds the high water mark.
An affiliate of Dunham & Associates since 1999, Dunham Trust Company (DTC) is a privately held trust company that is licensed and
regulated by the State of Nevada, Department of Business and Industry, Financial Institutions Division. DTC has always had a focus on
providing superior trust administration and client satisfaction, working primarily with advisors and their clients nationwide. Dunham Trust
Company and Dunham & Associates Investment Counsel, Inc. are affiliated entities. DTC was voted "One of the Most Advisor-Friendly Trust
Companies" of 2014 by The Trust Advisor. For more information on DTC, please visit www.dunhamtrust.com.