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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.75

$149 M

5.16%

$0.45

1.49%

Vitals

YTD Return

1.8%

1 yr return

14.0%

3 Yr Avg Return

2.7%

5 Yr Avg Return

4.4%

Net Assets

$149 M

Holdings in Top 10

11.2%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.49%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 69.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.75

$149 M

5.16%

$0.45

1.49%

DAHYX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.82%
DIVIDENDS
  • Dividend Yield 5.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Dunham High Yield Bond Fund
  • Fund Family Name
    Dunham Funds
  • Inception Date
    Jan 04, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Yovanovic

Fund Description

The Fund’s Sub-Adviser seeks to achieve the Fund’s investment objectives by investing primarily in lower-rated (generally rated BB and B), and unrated, higher-risk corporate bonds of any maturity. The Fund normally invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in debt securities and convertible securities rated below investment grade (rated BB+ or lower) by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO), also known as “high-yield” or “junk” bonds, and in unrated debt securities determined by the Sub-Adviser to be of comparable quality. These securities may be issued in reliance on Rule 144A under the Securities Act of 1933, and subject to restriction on resale.

The Fund’s Sub-Adviser selects investments and seeks to reduce risk through portfolio diversification, credit analysis and attention to current developments in economic conditions. In general, the Sub-Adviser typically buys high-yield securities that provide high current income that it believes possess attractive risk/reward characteristics. The Sub-Adviser measures a security’s risk/reward ratio by its yield and expected probability of default when compared to a peer group of securities with similar credit risk. The Sub-Adviser typically will sell securities when, in the Sub-Adviser’s view, they no longer meet the buy criteria and when an issuer’s credit fundamentals deteriorate.

The Fund may also engage in securities lending.

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DAHYX - Performance

Return Ranking - Trailing

Period DAHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.9% 8.2% 24.80%
1 Yr 14.0% -4.3% 26.0% 7.04%
3 Yr 2.7%* -15.6% 20.6% 22.88%
5 Yr 4.4%* -11.2% 37.3% 16.23%
10 Yr 3.6%* -4.7% 19.5% 34.82%

* Annualized

Return Ranking - Calendar

Period DAHYX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -4.7% 14.3% 5.90%
2022 -15.3% -33.4% 3.6% 45.14%
2021 1.0% -8.4% 14.9% 23.82%
2020 2.7% -13.9% 302.7% 10.08%
2019 9.0% -4.4% 13.3% 23.79%

Total Return Ranking - Trailing

Period DAHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.9% 8.2% 24.80%
1 Yr 14.0% -4.3% 26.0% 7.04%
3 Yr 2.7%* -15.6% 20.6% 22.88%
5 Yr 4.4%* -11.2% 37.3% 16.23%
10 Yr 3.6%* -4.7% 19.5% 34.82%

* Annualized

Total Return Ranking - Calendar

Period DAHYX Return Category Return Low Category Return High Rank in Category (%)
2023 14.0% -4.7% 18.7% 10.25%
2022 -10.4% -33.4% 47.8% 44.04%
2021 4.8% -8.4% 24.8% 56.28%
2020 7.7% -9.6% 325.6% 13.28%
2019 15.0% -3.8% 21.5% 22.59%

NAV & Total Return History


DAHYX - Holdings

Concentration Analysis

DAHYX Category Low Category High DAHYX % Rank
Net Assets 149 M 1.85 M 22.6 B 79.11%
Number of Holdings 249 2 2736 68.21%
Net Assets in Top 10 13 M -492 M 4.45 B 84.10%
Weighting of Top 10 11.15% 4.2% 149.6% 68.98%

Top 10 Holdings

  1. HI-CRUSH 2.74%
  2. CYH 5 5/8 03/15/27 1.10%
  3. FRST AM-GV OB-Z 1.08%
  4. CCL 5 3/4 03/01/27 1.00%
  5. SIRI 4 07/15/28 0.94%
  6. SFRFP 5 1/2 10/15/29 0.94%
  7. CHTR 6 3/8 09/01/29 0.93%
  8. CSWHOL 5 12/15/28 0.84%
  9. F 7.35 11/04/27 0.83%
  10. ALTICE 5 01/15/28 0.76%

Asset Allocation

Weighting Return Low Return High DAHYX % Rank
Bonds
95.13% -3.13% 154.38% 45.01%
Stocks
2.74% 0.00% 99.61% 23.66%
Cash
2.12% -52.00% 49.49% 79.63%
Preferred Stocks
0.00% 0.00% 8.06% 94.91%
Other
0.00% -63.70% 102.57% 81.33%
Convertible Bonds
0.00% 0.00% 17.89% 99.38%

Stock Sector Breakdown

Weighting Return Low Return High DAHYX % Rank
Energy
100.00% 0.00% 100.00% 9.50%
Utilities
0.00% 0.00% 100.00% 93.02%
Technology
0.00% 0.00% 33.17% 93.30%
Real Estate
0.00% 0.00% 86.71% 91.90%
Industrials
0.00% 0.00% 93.12% 94.97%
Healthcare
0.00% 0.00% 22.17% 90.78%
Financial Services
0.00% 0.00% 100.00% 94.97%
Communication Services
0.00% 0.00% 99.99% 96.37%
Consumer Defense
0.00% 0.00% 100.00% 91.34%
Consumer Cyclical
0.00% 0.00% 100.00% 93.85%
Basic Materials
0.00% 0.00% 100.00% 90.78%

Stock Geographic Breakdown

Weighting Return Low Return High DAHYX % Rank
US
2.74% 0.00% 99.61% 23.77%
Non US
0.00% -0.01% 0.83% 91.67%

Bond Sector Breakdown

Weighting Return Low Return High DAHYX % Rank
Corporate
97.93% 0.00% 129.69% 16.54%
Cash & Equivalents
1.08% 0.00% 49.49% 72.84%
Derivative
0.00% -15.04% 42.26% 77.93%
Securitized
0.00% 0.00% 97.24% 94.59%
Municipal
0.00% 0.00% 4.66% 89.34%
Government
0.00% 0.00% 99.07% 91.81%

Bond Geographic Breakdown

Weighting Return Low Return High DAHYX % Rank
US
95.13% -3.13% 129.21% 33.18%
Non US
0.00% 0.00% 97.33% 92.28%

DAHYX - Expenses

Operational Fees

DAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.04% 31.61% 22.53%
Management Fee 0.97% 0.00% 1.84% 96.31%
12b-1 Fee 0.25% 0.00% 1.00% 55.00%
Administrative Fee N/A 0.00% 0.50% 34.48%

Sales Fees

DAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 32.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 1.00% 255.00% 65.20%

DAHYX - Distributions

Dividend Yield Analysis

DAHYX Category Low Category High DAHYX % Rank
Dividend Yield 5.16% 0.00% 35.52% 63.34%

Dividend Distribution Analysis

DAHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

DAHYX Category Low Category High DAHYX % Rank
Net Income Ratio 3.82% -2.39% 14.30% 77.39%

Capital Gain Distribution Analysis

DAHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DAHYX - Fund Manager Analysis

Managers

John Yovanovic


Start Date

Tenure

Tenure Rank

Jul 01, 2017

4.92

4.9%

Mr. Yovanovic joined PineBridge Investments, LLC with the acquisition of American General Investment Management (AGIM) in 2001. He is the director of high yield portfolio management and co-manages the high yield portfolios. Previously, he was head of high yield trading. He has also been a senior analyst and managed the high yield energy research group. Prior to joining AIGGIG, Mr.Yovanovic was a senior research analyst and trader at Mentor Investment Advisors and VanKampen Funds. He has a BBA from the University of Houston, 1991. He is a Chartered Financial Analyst charterholder.

Jeremy Burton


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Mr. Burton is a portfolio manager for PineBridge’s high yield bond and leveraged loan strategies. He has served as a portfolio manager since 2014. Previously, he was a credit research analyst covering a number of industries in the Communications and Consumer Cyclical sectors from 2004 to 2007 and from 2009 to 2017. Prior to that, he was an investment banking analyst with CIBC World Markets and an investment analyst with Linden Advisors. Mr. Burton received a BA with a concentration in History from Harvard College in 2000 and an MBA with a concentration in Finance from the Wharton School of Business at the University of Pennsylvania in 2004. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17