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Trending ETFs

Name

As of 11/01/2024

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

$28.86

$168 M

7.98%

$2.30

2.03%

Vitals

YTD Return

3.4%

1 yr return

6.5%

3 Yr Avg Return

4.1%

5 Yr Avg Return

2.8%

Net Assets

$168 M

Holdings in Top 10

52.8%

52 WEEK LOW AND HIGH

$28.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 339.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$50,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/01/2024

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

$28.86

$168 M

7.98%

$2.30

2.03%

DNMDX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Monthly
  • Net Income Ratio -0.84%
DIVIDENDS
  • Dividend Yield 8.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Dunham Monthly Distribution Fund
  • Fund Family Name
    Dunham Funds
  • Inception Date
    Sep 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Sam Klar

Fund Description

The Sub-Adviser seeks to achieve attractive absolute returns by utilizing an event driven strategy across a diversified set of equities while actively managing risk to preserve capital, minimize volatility, and maintain liquidity. The Sub-Adviser generally seeks to accomplish this objective by investing in equities (including common stock, initial public offerings (“IPOs”) and other new issues) and equity-related securities (including preferred stock, options, swaps, forwards and warrants) across a diversified range of industries. The Fund may also invest in foreign issuers through American Depositary Receipts and in cash and cash equivalents.

The Sub-Adviser invests in companies undergoing significant corporate events such as mergers and/or acquisitions (“M&A”), tender offers, Dutch auctions, recapitalizations, restructuring and divestitures. The majority of investments are expected to be connected to agreed-to merger and acquisition deals; however, the Fund may also pursue investment opportunities in a range of other event-driven situations including, without limitation, corporate buy-ins; hostile mergers; pre-bid acquisitions; corporate spin-offs; likely transactions; restructurings; and corporate litigation and regulatory events.

The Sub-Adviser uses a probability assessment framework to consider and select event-driven investments. Investments are assessed across a number of dimensions, which may include strategic rationale, valuation, antitrust/regulatory issues, political, financing, contractual terms, company and/or industry stability, transaction type, acquirer issues and timing certainty.

The number of positions and their size will depend on each position’s estimated risk adjusted expected return, and the nature of the event (e.g., the number of announced M&A deals, the size and breadth of an index reweight). The overall allocation of the Event-Driven portfolio will also be a function of the opportunity set for the strategy.

The Fund’s distribution policy is to make twelve monthly distributions to shareholders. The level of monthly distributions (including any return of capital) is not fixed but is expected to be at or near the level of the prime interest rate (“Prime Rate”). Additionally, the Fund’s distribution policy is not designed to generate, and is not expected to result in, distributions that equal a fixed percentage of the Fund’s current net asset value per share. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. All or a portion of a distribution may consist of a return of capital, which would be a return of original shareholder investments in the Fund and not an income or capital gains distribution. Shareholders should not assume that the source of a distribution from the Fund is net profit. For more information about the Fund’s distribution policy, please turn to the “Distribution Policy and Goals” section in the Fund’s Prospectus. For disclosure regarding the extent to which the Fund’s distribution policy resulted in distributions of capital (i.e., a return of capital), please refer to Form 19a-1 Notice available at: https://www.dunham.com/Investor/FundInfo/MonthlyDistribution#distribution.

The Fund may also engage in securities lending.

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DNMDX - Performance

Return Ranking - Trailing

Period DNMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -73.0% 19.4% 63.44%
1 Yr 6.5% -9.1% 86.9% 72.73%
3 Yr 4.1%* -9.5% 16.2% 65.86%
5 Yr 2.8%* -4.9% 14.4% 62.78%
10 Yr 2.4%* -0.9% 7.5% 41.49%

* Annualized

Return Ranking - Calendar

Period DNMDX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.9% -22.7% 305.1% 73.33%
2022 -4.2% -9.8% 27.3% 87.50%
2021 -2.9% -20.8% 10.9% 45.33%
2020 -2.8% -12.4% 29.4% 82.18%
2019 -0.4% -10.5% 15.8% 46.60%

Total Return Ranking - Trailing

Period DNMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -73.0% 19.4% 63.44%
1 Yr 6.5% -13.4% 86.9% 66.55%
3 Yr 4.1%* -9.5% 16.2% 59.04%
5 Yr 2.8%* -5.3% 14.4% 57.40%
10 Yr 2.4%* -0.9% 7.5% 40.43%

* Annualized

Total Return Ranking - Calendar

Period DNMDX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -22.7% 305.1% 73.33%
2022 3.6% -9.8% 27.3% 81.45%
2021 0.4% -20.8% 10.9% 6.67%
2020 1.1% -8.4% 29.4% 54.46%
2019 5.4% -10.2% 18.0% 20.94%

NAV & Total Return History


DNMDX - Holdings

Concentration Analysis

DNMDX Category Low Category High DNMDX % Rank
Net Assets 168 M 1.5 M 5.01 B 43.17%
Number of Holdings 49 4 4478 38.87%
Net Assets in Top 10 101 M -398 M 2.55 B 55.12%
Weighting of Top 10 52.79% 13.1% 100.0% 58.72%

Top 10 Holdings

  1. ALBERTSONS COS-A 7.96%
  2. HESS CORP 7.50%
  3. LIBERTY BR-C 6.21%
  4. US STEEL CORP 5.92%
  5. AVANGRID INC 4.68%
  6. ANSYS INC 4.48%
  7. CATALENT INC 4.20%
  8. ATLANTICA SUSTAI 4.12%
  9. MARATHON OIL 3.97%
  10. SHINKO ELEC INDU 3.76%

Asset Allocation

Weighting Return Low Return High DNMDX % Rank
Cash
51.14% -6278.21% 410.43% 5.65%
Stocks
49.37% -3.75% 97.95% 63.25%
Preferred Stocks
0.00% -0.12% 46.97% 61.48%
Convertible Bonds
0.00% 0.00% 87.92% 76.33%
Bonds
0.00% -326.45% 6347.80% 85.87%
Other
-0.51% -21.53% 148.54% 51.24%

Stock Sector Breakdown

Weighting Return Low Return High DNMDX % Rank
Financial Services
25.75% 0.00% 59.28% 37.40%
Technology
21.71% 0.00% 39.58% 3.94%
Communication Services
17.77% 0.00% 21.78% 90.16%
Industrials
8.67% 0.00% 21.45% 12.60%
Healthcare
8.48% 0.00% 45.63% 32.68%
Consumer Cyclical
6.94% 0.00% 29.09% 62.20%
Real Estate
5.85% 0.00% 51.26% 73.23%
Utilities
4.83% 0.00% 9.23% 49.61%
Energy
0.00% 0.00% 100.00% 51.18%
Consumer Defense
0.00% 0.00% 13.62% 80.71%
Basic Materials
0.00% 0.00% 27.46% 64.17%

Stock Geographic Breakdown

Weighting Return Low Return High DNMDX % Rank
US
45.96% -8.85% 91.88% 55.12%
Non US
3.42% -19.62% 42.11% 67.84%

DNMDX - Expenses

Operational Fees

DNMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.03% 0.29% 31.15% 54.68%
Management Fee 1.43% 0.00% 2.50% 71.02%
12b-1 Fee 0.00% 0.00% 1.00% 10.14%
Administrative Fee N/A 0.01% 0.30% 56.63%

Sales Fees

DNMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DNMDX 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.

DNMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 339.00% 0.00% 491.00% 99.62%

DNMDX - Distributions

Dividend Yield Analysis

DNMDX Category Low Category High DNMDX % Rank
Dividend Yield 7.98% 0.00% 4.56% 40.28%

Dividend Distribution Analysis

DNMDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

DNMDX Category Low Category High DNMDX % Rank
Net Income Ratio -0.84% -2.51% 6.83% 86.69%

Capital Gain Distribution Analysis

DNMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Monthly Annually Annually Annually

Distributions History

View More +

DNMDX - Fund Manager Analysis

Managers

Sam Klar


Start Date

Tenure

Tenure Rank

Apr 01, 2021

1.16

1.2%

Mr. Klar is engaged in managing GMO’s Event-Driven portfolio. Previously at GMO, he was a member of the Global Equity team. Prior to joining full-time in 2006, he held a co-op position at GMO with the Emerging Markets Equity team. Mr. Klar earned his B.S. in Finance from Northeastern University

Douglas Francis


Start Date

Tenure

Tenure Rank

Apr 01, 2021

1.16

1.2%

Francis is a managing director of Pegasus Investments.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67