March 29, 2017
San Diego, CA – March 29, 2017 - Dunham & Associates Investment Counsel, Inc., (“Dunham”) announces Perella
Weinberg Partners Capital Management LP (“Perella Weinberg”) will be managing its Dunham Monthly Distribution Fund (“Fund”). This change is effective April 1.
Perella Weinberg, based in New York City, together with its affiliates, manages and advises approximately $12.8 billion in assets under management as of March 1, 2017. Perella Weinberg’s Diversified
Equities team will manage the Fund using a unique combination of event-driven and tactical long/short equity investing.
"We view David Baker and his team as strong managers in the event-driven space, which we believe makes them a well-suited sub-adviser for this Fund," said Dunham’s
Director of Research Ryan Dykmans.
"This coupled with the team’s expertise in managing tactical long/short equity strategies should continue to provide a strategy with low volatility that seeks to
pay a distribution pegged to the prime lending rate," added Jeffrey A. Dunham, founder and CEO of Dunham & Associates.
This Fund fits in with Dunham’s overall strategy of using alternative investments to help mitigate risk and enhance the returns of their asset allocation strategies.
"We are pleased to be able to give our existing and future shareholders access to a manager that has high barriers of entry for most investors," said Dunham’s Chief of Sales &
Marketing Salvatore M. Capizzi. "Due to the Fund’s format, investors can benefit from Perella Weinberg’s management for as little as $2,500."
David Baker, partner and portfolio manager of Perella Weinberg’s Diversified Equities Strategy, said, "Dunham & Associates offers a unique value proposition to investors and
we’re excited to partner with them for their flagship Monthly Distribution Fund. We look forward to providing investors with a proven event-driven and long/short equity solution
that meets their investing requirements."
Unlike other mutual fund companies, Dunham Funds are sub-advised and all of the sub-advisers are compensated based on their ability to outperform their benchmarks. The sub-advisers
can earn more for outperforming their benchmarks, but give up a substantial portion of their fees if they underperform. Traditionally, sub-advisers are paid a fee based on a
percentage of the assets invested regardless of the mutual fund’s performance.
"We feel this gives the Dunham Funds a level of accountability to performance that we believe is not widely found in the mutual fund industry," said Mr. Dunham.
Dunham & Associates Investment Counsel, Inc. ("Dunham" or DAIC) is a San Diego‐based registered investment adviser
and advisor to the Dunham Mutual Funds that has been in business since 1985. Dunham’s family of mutual funds comprises of 15 funds with approximately $1.1 billion
assets under management as of March 2017.
About Perella Weinberg Partners Asset Management
Perella Weinberg Partners is a leading, independent, client-focused financial services firm providing advisory, asset management, research, underwriting and trading services.
The Asset Management Business manages approximately $12.8 billion in assets under management for a diversified mix of investors, including public pension plans, corporate pensions,
endowments, foundations, sovereign wealth funds, family offices, insurance companies and fund-of-funds. It provides a suite of hedge fund strategies, private investment funds and outsourced
CIO solutions. For more information on Perella Weinberg Partners, please visit www.pwpartners.com.
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.
As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Although the Fund will strive to meet its investment objectives, there is
no assurance that it will do so. Many factors affect the Fund’s net asset value and performance, including, Derivatives Risk: such investments may not produce the desired investment results
because they are not perfect substitutes for the underlying securities, indices or currencies from which they are derived, Distribution Policy Risk: the Fund’s distribution policy is not
designed to generate, and is not expected to result in, distributions that equal a fixed percentage of the Fund’s current net asset value per share, Foreign Investing Risk, Initial
Public Offering (“IPO”) Risk: IPOs are subject to extreme price volatility and speculative trading and may not continue to appreciate, Leveraging Risk: using derivatives can create leverage, which
can magnify the Fund’s potential for gain or loss and, therefore, amplify the effects of market volatility on the Fund’s share price, Liquidity Risk, Merger and Event-Driven Risk: investments in
companies that are expected to be, or already are, the subject of a publicly announced merger, takeover, tender offer, leveraged buyout, spin-off, liquidation or other corporate reorganizations
carry the risk that the proposed or expected corporate event may not be completed or may be completed on less favorable terms than originally expected, Money Market/Short-Term Securities Risk: the
Fund may be less likely to achieve its investment objective if it holds cash or other short-term securities, Portfolio Turnover Risk, Options Risk, Short Selling Risk: if the price of the security
sold short increases between the time of the short sale and the time the Fund covers its short position, the Fund will incur a loss which may be unlimited, Small and Medium Capitalization Risk, and
Stock Market Risk.