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 | DAMDX |
| Cusip | 265458646 |
| Share Class | A-Shares |
| Fund Code | 311 |
| Dividend Frequency | Monthly |
| Capital Gains Paid | December* |
| Fund Inception | 12/26/2000 |
| FISCAL Year-End | October |
| * If applicable |
For Class A shares, the initial minimum investment amount for regular accounts is $5,000, and for tax-deferred accounts is $2,000. The minimum subsequent investment is $100. An account fee of $15 annually will be charged for all non-retirement accounts with a balance below $2,500. The account fee will not be charged if the balance falls below $2,500 due solely to depreciation of the investment. The fee will be waived if you have multiple accounts and your total investment amount is $50,000 or more.
The minimum can also be waived by the Adviser for shareholders investing through a wrap program or similar arrangement.
| Net Asset Value (NAV): | NAV Change: | NAV Percentage Change: |
|---|---|---|
| $27.94 | ($0.05) | -0.18 % |
| Net Asset Value (NAV): | $27.94 |
|---|---|
| NAV Change: | ($0.05) |
| NAV Percentage Change: | -0.18 % |
| YTD Return at NAV: |
|---|
| 2.59 % |
| YTD Return at NAV: | 2.59 % |
|---|
|
Most recent month-end (as of 11/30/2023) |
1 Yr | 3 Yr | 5 Yr | 10 Yrs | Since Inception |
|---|---|---|---|---|---|
| Fund Performance | 3.83 % | 1.31 % | 1.32 % | 1.65 % | 2.29 % |
| Fund Performance with Maximum Sales Charge |
-2.15 % | -0.67 % | 0.13 % | 1.04 % | 1.90 % |
|
Average Annual Total Return (as of 9/30/2023) |
1 Yr | 3 Yr | 5 Yr | 10 Yrs | Since Inception |
|---|---|---|---|---|---|
| Fund Performance | 2.59 % | 1.47 % | 1.05 % | 1.75 % | 2.28 % |
| Fund Performance with Maximum Sales Charge |
-3.30 % | -0.51 % | -0.14 % | 1.15 % | 1.88 % |
|
Most recent month-end (as of 11/30/2023) |
Fund Performance |
|---|---|
| 1 Yr | 3.83 % |
| 3 Yr | 1.31 % |
| 5 Yr | 1.32 % |
| 10 Yrs | 1.65 % |
| Since Inception | 2.29 % |
|
Most recent month-end (as of 11/30/2023) |
Fund Performance with Maximum Sales Charge |
|---|---|
| 1 Yr | -2.15 % |
| 3 Yr | -0.67 % |
| 5 Yr | 0.13 % |
| 10 Yrs | 1.04 % |
| Since Inception | 1.90 % |
|
Average Annual Total Return (as of 9/30/2023) |
Fund Performance |
|---|---|
| 1 Yr | 2.59 % |
| 3 Yr | 1.47 % |
| 5 Yr | 1.05 % |
| 10 Yrs | 1.75 % |
| Since Inception | 2.28 % |
|
Average Annual Total Return (as of 9/30/2023) |
Fund Performance with Maximum Sales Charge |
|---|---|
| 1 Yr | -3.30 % |
| 3 Yr | -0.51 % |
| 5 Yr | -0.14 % |
| 10 Yrs | 1.15 % |
| Since Inception | 1.88 % |
| Per prospectus dated 3/22/2023 | |
|---|---|
| Gross Expense Ratio: | 2.18 % |
| Net Expense Ratio: | 2.18 % |
| Net Expense Ratio Excluding Expenses on Securities Sold Short: | 1.79 % |
| Maximum Front-End Load: | 5.75 % |
| Per prospectus dated 3/22/2023 |
|---|
| Gross Expense Ratio: |
| 2.18 % |
| Net Expense Ratio: |
| 2.18 % |
| Net Expense Ratio Excluding Expenses on Securities Sold Short: |
| 1.79 % |
| Maximum Front-End Load: |
| 5.75 % |
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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