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Home > Financial Services > Mutual Funds > Dunham Funds
Dunham Funds
Dunham and Associates was established in 1985 with the belief that the traditional method of charging fees to investors regardless of performance was inherently unfair. Investment managers are gauged by how they perform relative to an appropriate index. In a difficult market the winner is often the money manager who lost the least. Their funds offer the options of Adviser compensation using Dunham & Associates performance-based compensation structure.
Dunham offers many funds such as Dunham Appreciation and Income Corporate/Government Bond, High-Yield Bond, Short-Term Bond and many more. Dunham Appreciation and Income Fund seek total return under varying market conditions through both current income and capital appreciation. The funds primarily invest in a diversified portfolio of convertible, equity and fixed-income securities in order to strike the appropriate balance between risk and reward. The fund may invest up to 25percent of assets in securities of foreign issuers, primarily through ADRs and securities guaranteed by a U.S person. The average term to maturity of the convertible and debt securities will typically range from five to ten years.
Dunham Short-Term Bond Funds seeks both a high level of current income and preservation of capital. The fund invests at least 80percent of assets in investment grade debt, including short and middle-term corporate bonds, mortgage and asset backed bonds, U.S. government and agency bonds or unrated debt that the sub-advisor determines to be of comparable quality. They may invest in money market funds and other short-term debt instruments. The fund's dollar weighted average maturity will normally be three years or less and the weighted portfolio duration will not exceed two and a half years.
Dunham Corporate/Government Bond Fund seeks current income and capital appreciation. The fund invests at least 80percent of assets in debt such as U.S. government bonds, U.S. corporate bonds, high yield bonds, Eurodollars, index bonds, and asset-backed securities. They may invest up to 20percent of assets in foreign government and corporate bonds. The fund seeks to maintain an average portfolio credit quality of investment-grade. The average duration varies from three and a half to six years.
Institutional money managers typically command investors who bring $10 million to $25 million into their fund's portfolio obviously are out of reach for most individual investors. Dunham and Associates offers unique alternatives for high net worth investors from proprietary institutional mutual funds to mortgage related offerings.
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