The Fund seeks to provide positive returns in rising and falling market environments.
THE DUNHAM MONTHLY DISTRIBUTION FUND is managed by Grantham, Mayo, Van Otterloo & Co. LLC, effective April 1, 2021. ("GMO") was founded in 1977 and is organized as a Massachusetts limited liability company that is controlled by active employee-members.
| Ticker | DNMDX |
| Cusip | 265458620 |
| Share Class | N-Shares |
| Fund Code | 111 |
| Dividend Frequency | Monthly |
| Capital Gains Paid | December* |
| Fund Inception | 9/29/2008 |
| FISCAL Year-End | October |
| * If applicable |
There is no minimum initial investment on a per Fund basis for Class N shares. However, the minimum initial investment in Class N shares of the Dunham Funds, on an aggregate basis, is $100,000 for taxable accounts and $50,000 for tax-deferred accounts ("MIN"). The MIN can be waived if the investor has, in the opinion of the Adviser, adequate intent and availability of assets to reach a future level of investment among the Funds that is equal to or greater than the MIN. The MIN can also be waived by the Adviser for shareholders investing through a wrap program or similar arrangement. There is no minimum subsequent investment amount for Class N shares. If a Class N shareholder's investment in the Dunham Funds falls below the MIN for reasons other than depreciation of the investment, the investor may receive a notice from the Adviser and will be given a reasonable amount of time to cure the deficiency. If the deficiency is not cured within such time, the Adviser reserves the right to convert the account to Class A shares (on a load waived basis) or take other appropriate measures.
| Net Asset Value (NAV): | NAV Change: | NAV Percentage Change: |
|---|---|---|
| $29.53 | $0.01 | 0.03 % |
| Net Asset Value (NAV): | $29.53 |
|---|---|
| NAV Change: | $0.01 |
| NAV Percentage Change: | 0.03 % |
| YTD Return at NAV: |
|---|
| 2.90 % |
| YTD Return at NAV: | 2.90 % |
|---|
|
Most recent month-end (as of 11/30/2023) |
1 Yr | 3 Yr | 5 Yr | 10 Yrs | Since Inception |
|---|---|---|---|---|---|
| Fund Performance | 4.08 % | 1.56 % | 1.57 % | 1.90 % | 2.79 % |
|
Average Annual Total Return (as of 9/30/2023) |
1 Yr | 3 Yr | 5 Yr | 10 Yrs | Since Inception |
|---|---|---|---|---|---|
| Fund Performance | 2.83 % | 1.73 % | 1.30 % | 1.99 % | 2.78 % |
|
Most recent month-end (as of 11/30/2023) |
Fund Performance |
|---|---|
| 1 Yr | 4.08 % |
| 3 Yr | 1.56 % |
| 5 Yr | 1.57 % |
| 10 Yrs | 1.90 % |
| Since Inception | 2.79 % |
|
Average Annual Total Return (as of 9/30/2023) |
Fund Performance |
|---|---|
| 1 Yr | 2.83 % |
| 3 Yr | 1.73 % |
| 5 Yr | 1.30 % |
| 10 Yrs | 1.99 % |
| Since Inception | 2.78 % |
| Per prospectus dated 3/22/2023 | |
|---|---|
| Gross Expense Ratio: | 1.93 % |
| Net Expense Ratio: | 1.93 % |
| Net Expense Ratio Excluding Expenses on Securities Sold Short: | 1.54 % |
| Per prospectus dated 3/22/2023 |
|---|
| Gross Expense Ratio: |
| 1.93 % |
| Net Expense Ratio: |
| 1.93 % |
| Net Expense Ratio Excluding Expenses on Securities Sold Short: |
| 1.54 % |
Prices and returns quoted represent past results and are no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.
These fiscal year Mutual Funds Notices report estimated amounts of each Fund's current distributions paid from net investment income, net realized capital gains, and return of capital based on each Fund's respective fiscal year end. The amounts and sources of distributions reported in these Notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to change based on tax regulations. The Fund will send a Form 1099-DIV for the calendar year that will tell how to report these distributions for federal income tax purposes.
Mutual funds typically distribute taxable capital gains to shareholders each December. Click below to view the year-end distribution factors (per share) for the Dunham Funds.
| Security | % of Net Assets |
|---|---|
| Albertsons Companies Inc. | 5.49 % |
| Liberty Broadband Corp | 5.39 % |
| PNM Resources | 5.12 % |
| Seagen Inc. | 4.63 % |
| Amedisys Inc | 4.07 % |
| Denbury Inc. | 3.89 % |
| Pioneer Natural Res. Company | 3.87 % |
| VMware Inc | 3.69 % |
| Abcam plc | 3.63 % |
| American Equity Invt Life HL | 3.59 % |
| Cash (45.53%) | |
| Information Technology (14.77%) | |
| Health Care (14.51%) | |
| Telecommunication Services (5.42%) | |
| Financials (5.41%) | |
| Utilities (5.12%) | |
| Consumer Staples (5.1%) | |
| Materials (3.73%) | |
| Energy (2.19%) | |
| Industrials (1.76%) | |
| Currency Contracts (0.25%) | |
| Real Estate (-0.01%) | |
| Consumer Discretionary (-3.78%) |
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 Dunham Funds’ 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 Funds are distributed by Dunham & Associates Investment Counsel, Inc., a Registered Investment Adviser and Broker/Dealer. Member FINRA / SIPC.
Returns for Class A Shares include the maximum sales charge (5.75% for equity funds and 4.50% for fixed income funds). Net Asset Value (NAV) returns exclude these charges, which would have reduced returns.
Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. Returns for periods of less than one year are cumulative total returns.
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