Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.2%
1 yr return
4.5%
3 Yr Avg Return
1.1%
5 Yr Avg Return
2.3%
Net Assets
$215 M
Holdings in Top 10
62.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 343.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$2,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DAAIX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.41%
- Dividend Yield 4.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDunham Long/Short Credit Fund
-
Fund Family NameDunham Funds
-
Inception DateJan 04, 2007
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Kronschnabel
Fund Description
The Funds Sub-Adviser seeks to achieve the Funds investment objective by investing normally at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in various credit-related instruments. Credit-related instruments include, but are not limited to, U.S. Government and agency securities, foreign government and supranational debt securities, corporate bonds, emerging market debt securities, preferred securities, structured products, senior secured floating rate and fixed rate loans or debt, second lien or other subordinated or unsecured floating rate and fixed rate loans or debt, and derivatives with similar economic characteristics. The Fund may invest in credit-related instruments rated below investment grade, which are commonly referred to as junk bonds. These securities may be issued in reliance on Rule 144A under the Securities Act of 1933, and subject to restriction on resale.
The Fund may invest up to 20% of its total assets in equity instruments, including common stock and other instruments whose price is linked to the value of common stock. The Fund may hold long or short positions in equity instruments, and may invest in equity instruments of issuers of any market capitalization.
The Fund may also gain both long and short exposure to credit-related instruments by entering into a series of purchase and sale contracts or by investing in, among other instruments, swaps, including total return, credit default and index swaps; options; forward contracts and futures contracts that provide long or short exposure to other credit obligations; and other similar transactions.
The Fund may engage in short sales for hedging purposes or to enhance total return. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
When selecting individual securities, the Sub-Adviser focuses on supply/demand factors, historical value trends, and new issue opportunities combined with company-specific research, industry analysis, and its view on overall credit trends. The Sub-Adviser incorporates its quantitative and qualitative analysis to determine the optimal security to purchase in the companys capital structure as well as to determine the desired allocation to each security or derivative. The Sub-Adviser utilizes short positions and derivatives to manage various risk exposures, including interest rate risk and credit risk.
The Fund may also engage in securities lending.
DAAIX - Performance
Return Ranking - Trailing
Period | DAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -10.6% | 16.9% | 78.70% |
1 Yr | 4.5% | -7.3% | 23.8% | 96.14% |
3 Yr | 1.1%* | -17.1% | 16.0% | 49.05% |
5 Yr | 2.3%* | -14.7% | 14.0% | 55.50% |
10 Yr | 3.1%* | -7.2% | 6.7% | 33.61% |
* Annualized
Return Ranking - Calendar
Period | DAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.0% | -12.0% | 8.9% | 94.61% |
2022 | -4.8% | -31.8% | 18.4% | 6.79% |
2021 | -0.4% | -16.2% | 25.7% | 27.94% |
2020 | 2.0% | -31.1% | 18.7% | 47.78% |
2019 | 3.7% | -6.1% | 15.3% | 63.72% |
Total Return Ranking - Trailing
Period | DAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -10.6% | 16.9% | 78.70% |
1 Yr | 4.5% | -7.3% | 23.8% | 96.14% |
3 Yr | 1.1%* | -17.1% | 16.0% | 49.05% |
5 Yr | 2.3%* | -14.7% | 14.0% | 55.50% |
10 Yr | 3.1%* | -7.2% | 6.7% | 33.61% |
* Annualized
Total Return Ranking - Calendar
Period | DAAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -6.9% | 22.2% | 94.30% |
2022 | -1.8% | -31.8% | 21.1% | 10.11% |
2021 | 2.2% | -13.5% | 49.9% | 51.47% |
2020 | 5.1% | -28.6% | 24.1% | 54.35% |
2019 | 7.7% | -4.8% | 19.1% | 60.65% |
NAV & Total Return History
DAAIX - Holdings
Concentration Analysis
DAAIX | Category Low | Category High | DAAIX % Rank | |
---|---|---|---|---|
Net Assets | 215 M | 2.53 M | 143 B | 72.54% |
Number of Holdings | 61 | 4 | 9195 | 89.11% |
Net Assets in Top 10 | 130 M | -204 M | 80.4 B | 54.43% |
Weighting of Top 10 | 62.78% | 5.8% | 265.8% | 19.75% |
Top 10 Holdings
- B 10/10/24 12.30%
- B 08/20/24 12.30%
- B 09/17/24 12.30%
- B 11/14/24 11.94%
- T 4 1/4 02/15/54 3.37%
- WFC Float 01/15/27 2.45%
- SYF 5.4 08/22/25 2.28%
- T 4 3/8 05/15/34 2.15%
- BPCEGP 5.975 01/18/27 1.96%
- NWG 7.472 11/10/26 1.76%
Asset Allocation
Weighting | Return Low | Return High | DAAIX % Rank | |
---|---|---|---|---|
Bonds | 99.49% | 0.00% | 199.60% | 20.53% |
Convertible Bonds | 2.68% | 0.00% | 33.50% | 33.39% |
Cash | 1.07% | -94.66% | 91.07% | 73.25% |
Stocks | 0.00% | -6.18% | 99.66% | 71.23% |
Preferred Stocks | 0.00% | 0.00% | 26.42% | 47.12% |
Other | -0.38% | -73.61% | 147.15% | 90.36% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DAAIX % Rank | |
---|---|---|---|---|
Communication Services | 100.00% | 0.00% | 100.00% | 0.29% |
Utilities | 0.00% | 0.00% | 100.00% | 52.02% |
Technology | 0.00% | 0.00% | 28.30% | 43.93% |
Real Estate | 0.00% | 0.00% | 100.00% | 52.31% |
Industrials | 0.00% | 0.00% | 100.00% | 58.67% |
Healthcare | 0.00% | 0.00% | 18.60% | 44.51% |
Financial Services | 0.00% | 0.00% | 100.00% | 60.40% |
Energy | 0.00% | 0.00% | 100.00% | 75.43% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 45.09% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 55.78% |
Basic Materials | 0.00% | 0.00% | 100.00% | 46.53% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DAAIX % Rank | |
---|---|---|---|---|
US | 0.00% | -6.18% | 99.66% | 67.81% |
Non US | 0.00% | -0.26% | 17.73% | 29.24% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DAAIX % Rank | |
---|---|---|---|---|
Corporate | 38.42% | 0.00% | 96.66% | 47.03% |
Government | 17.85% | 0.00% | 99.43% | 33.55% |
Cash & Equivalents | 1.00% | 0.00% | 88.00% | 73.17% |
Securitized | 0.00% | 0.00% | 99.65% | 92.62% |
Municipal | 0.00% | 0.00% | 54.26% | 44.14% |
Derivative | -1.38% | -73.61% | 147.15% | 97.50% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DAAIX % Rank | |
---|---|---|---|---|
US | 99.49% | 0.00% | 199.60% | 14.93% |
Non US | 0.00% | 0.00% | 74.14% | 68.90% |
DAAIX - Expenses
Operational Fees
DAAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.03% | 20.67% | 50.85% |
Management Fee | 0.66% | 0.00% | 2.29% | 66.05% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 24.21% |
Administrative Fee | N/A | 0.00% | 0.70% | 11.36% |
Sales Fees
DAAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 0.00% | 5.75% | 0.85% |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
DAAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
DAAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 343.00% | 0.00% | 632.00% | 96.80% |
DAAIX - Distributions
Dividend Yield Analysis
DAAIX | Category Low | Category High | DAAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.64% | 0.00% | 23.30% | 64.87% |
Dividend Distribution Analysis
DAAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
DAAIX | Category Low | Category High | DAAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.41% | -1.55% | 11.51% | 96.37% |
Capital Gain Distribution Analysis
DAAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.034 | OrdinaryDividend |
Sep 30, 2024 | $0.031 | OrdinaryDividend |
Aug 30, 2024 | $0.025 | OrdinaryDividend |
Jul 31, 2024 | $0.038 | OrdinaryDividend |
Jun 28, 2024 | $0.032 | OrdinaryDividend |
May 31, 2024 | $0.036 | OrdinaryDividend |
Apr 30, 2024 | $0.033 | OrdinaryDividend |
Mar 28, 2024 | $0.031 | OrdinaryDividend |
Feb 29, 2024 | $0.031 | OrdinaryDividend |
Jan 31, 2024 | $0.031 | OrdinaryDividend |
Dec 27, 2023 | $0.051 | OrdinaryDividend |
Nov 30, 2023 | $0.023 | OrdinaryDividend |
Oct 31, 2023 | $0.032 | OrdinaryDividend |
Sep 29, 2023 | $0.027 | OrdinaryDividend |
Aug 31, 2023 | $0.034 | OrdinaryDividend |
Jul 31, 2023 | $0.031 | OrdinaryDividend |
Jun 30, 2023 | $0.035 | OrdinaryDividend |
May 31, 2023 | $0.031 | OrdinaryDividend |
Apr 28, 2023 | $0.029 | OrdinaryDividend |
Mar 31, 2023 | $0.032 | OrdinaryDividend |
Feb 28, 2023 | $0.027 | OrdinaryDividend |
Jan 31, 2023 | $0.027 | OrdinaryDividend |
Dec 28, 2022 | $0.022 | OrdinaryDividend |
Dec 28, 2022 | $0.009 | CapitalGainShortTerm |
Dec 28, 2022 | $0.080 | CapitalGainLongTerm |
Nov 30, 2022 | $0.021 | OrdinaryDividend |
Oct 31, 2022 | $0.020 | OrdinaryDividend |
Sep 30, 2022 | $0.019 | OrdinaryDividend |
Aug 31, 2022 | $0.018 | OrdinaryDividend |
Jul 29, 2022 | $0.016 | OrdinaryDividend |
Jun 30, 2022 | $0.015 | OrdinaryDividend |
May 31, 2022 | $0.011 | OrdinaryDividend |
Apr 29, 2022 | $0.010 | OrdinaryDividend |
Mar 31, 2022 | $0.016 | OrdinaryDividend |
Feb 28, 2022 | $0.011 | OrdinaryDividend |
Jan 31, 2022 | $0.008 | OrdinaryDividend |
Dec 29, 2021 | $0.024 | OrdinaryDividend |
Dec 29, 2021 | $0.133 | CapitalGainShortTerm |
Dec 29, 2021 | $0.044 | CapitalGainLongTerm |
Nov 30, 2021 | $0.008 | OrdinaryDividend |
Oct 29, 2021 | $0.006 | OrdinaryDividend |
Sep 30, 2021 | $0.007 | OrdinaryDividend |
Aug 31, 2021 | $0.004 | OrdinaryDividend |
Jul 30, 2021 | $0.005 | OrdinaryDividend |
Jun 30, 2021 | $0.004 | OrdinaryDividend |
May 28, 2021 | $0.007 | OrdinaryDividend |
Apr 30, 2021 | $0.002 | OrdinaryDividend |
Mar 31, 2021 | $0.001 | OrdinaryDividend |
Feb 26, 2021 | $0.001 | OrdinaryDividend |
Jan 29, 2021 | $0.001 | OrdinaryDividend |
Dec 30, 2020 | $0.163 | OrdinaryDividend |
Nov 30, 2020 | $0.004 | OrdinaryDividend |
Oct 30, 2020 | $0.004 | OrdinaryDividend |
Sep 30, 2020 | $0.006 | OrdinaryDividend |
Aug 31, 2020 | $0.006 | OrdinaryDividend |
Jul 31, 2020 | $0.008 | OrdinaryDividend |
Jun 30, 2020 | $0.011 | OrdinaryDividend |
May 29, 2020 | $0.016 | OrdinaryDividend |
Apr 30, 2020 | $0.015 | OrdinaryDividend |
Mar 31, 2020 | $0.012 | OrdinaryDividend |
Feb 28, 2020 | $0.009 | OrdinaryDividend |
Jan 31, 2020 | $0.011 | OrdinaryDividend |
Dec 31, 2019 | $0.015 | OrdinaryDividend |
Dec 27, 2019 | $0.053 | CapitalGainShortTerm |
Nov 29, 2019 | $0.011 | OrdinaryDividend |
Oct 31, 2019 | $0.012 | OrdinaryDividend |
Sep 30, 2019 | $0.014 | OrdinaryDividend |
Aug 30, 2019 | $0.017 | OrdinaryDividend |
Jul 31, 2019 | $0.018 | OrdinaryDividend |
Jun 28, 2019 | $0.020 | OrdinaryDividend |
May 31, 2019 | $0.021 | OrdinaryDividend |
Apr 30, 2019 | $0.019 | OrdinaryDividend |
Mar 29, 2019 | $0.020 | OrdinaryDividend |
Feb 28, 2019 | $0.015 | OrdinaryDividend |
Jan 31, 2019 | $0.018 | OrdinaryDividend |
Dec 31, 2018 | $0.102 | OrdinaryDividend |
Nov 30, 2018 | $0.010 | OrdinaryDividend |
Oct 31, 2018 | $0.005 | OrdinaryDividend |
Sep 28, 2018 | $0.006 | OrdinaryDividend |
Aug 31, 2018 | $0.009 | OrdinaryDividend |
Jul 31, 2018 | $0.006 | OrdinaryDividend |
Dec 27, 2017 | $0.157 | OrdinaryDividend |
Dec 28, 2016 | $0.228 | OrdinaryDividend |
Dec 29, 2015 | $0.181 | CapitalGainShortTerm |
Dec 29, 2015 | $0.002 | CapitalGainLongTerm |
Dec 29, 2015 | $0.333 | OrdinaryDividend |
Dec 29, 2014 | $0.177 | CapitalGainShortTerm |
Dec 29, 2014 | $1.539 | CapitalGainLongTerm |
Dec 29, 2014 | $0.141 | OrdinaryDividend |
Dec 27, 2013 | $0.119 | OrdinaryDividend |
Dec 27, 2012 | $0.224 | OrdinaryDividend |
Dec 28, 2011 | $0.087 | OrdinaryDividend |
Dec 28, 2010 | $0.234 | OrdinaryDividend |
Dec 29, 2009 | $0.112 | OrdinaryDividend |
Dec 29, 2008 | $0.047 | OrdinaryDividend |
DAAIX - Fund Manager Analysis
Managers
Andrew Kronschnabel
Start Date
Tenure
Tenure Rank
Jul 02, 2018
3.92
3.9%
Andrew Kronschnabel is a portfolio manager and leads investment grade credit for MetLife Investment Management (MIM) Public Fixed Income. Kronschnabel joined MIM in September 2017, in connection with the acquisition of Logan Circle Partners (LCP) by MetLife. He is responsible for high grade credit across all core-based, corporate and long / short credit strategies. Prior to joining LCP in 2007, he was a member of the portfolio management team at Delaware Investments where he was responsible for core-based and high-grade products from 2000 to 2007.
Joshua Lofgren
Start Date
Tenure
Tenure Rank
Jul 02, 2018
3.92
3.9%
Mr. Lofgren is a portfolio manager involved in all high grade credit strategies and the Long / Short credit strategy at Logan Circle. Prior to joining Logan Circle in 2012, Mr. Lofgren worked in the securities division at Goldman Sachs in New York for nine years, working with institutional clients across a range of credit products, including investment grade and high yield credit, in both cash and derivative form. Mr. Lofgren has a Bachelor of Science in Business Administration with a concentration in finance from the University of Richmond and is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.71 | 3.19 |