DAAIX: Dunham Appreciation & Income A

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

DAAIX Dunham Appreciation & Income A

  • Fund
  • DAAIX
  • Price as of: Oct 15, 2019
  • $9.33 - $0.00 - 0.00%

DAAIX - Profile

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return -1.9%
  • Net Assets $73.4 M
  • Holdings in Top 10 32.4%

52 WEEK LOW AND HIGH

$9.33
$8.98
$9.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.69%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 275.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Dunham Long/Short Credit Fund
  • Fund Family Name Dunham Funds
  • Inception Date Jan 03, 2007
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew J. Kronschnabel

Fund Description

The fund's Sub-Adviser seeks to achieve the 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. It may invest in credit-related instruments rated below investment grade, which are commonly referred to as "junk bonds." 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.

DAAIX - Performance

Return Ranking - Trailing

Period DAAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -5.1% 30.0% 60.87%
1 Yr 1.3% -14.1% 19.6% 28.89%
3 Yr 4.5%* -33.5% 12.4% 12.99%
5 Yr -1.9%* -5.6% 10.7% 74.51%
10 Yr 1.8%* -2.7% 6.8% 40.00%

* Annualized


Return Ranking - Calendar

Period DAAIX Return Category Return Low Category Return High Rank in Category (%)
2018 3.3% -23.0% 3.4% 2.27%
2017 9.3% -67.1% 21.4% 22.08%
2016 -1.8% -17.3% 22.5% 60.00%
2015 -9.0% -10.4% 11.6% 94.34%
2014 -13.4% -13.7% 11.3% 96.88%

Total Return Ranking - Trailing

Period DAAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -5.1% 30.0% 58.70%
1 Yr 3.0% -14.1% 19.6% 25.56%
3 Yr 6.8%* -5.6% 12.4% 11.69%
5 Yr 4.4%* -3.2% 10.7% 17.65%
10 Yr 5.9%* -1.4% 6.8% 20.00%

* Annualized


Total Return Ranking - Calendar

Period DAAIX Return Category Return Low Category Return High Rank in Category (%)
2018 4.9% -23.0% 5.2% 2.27%
2017 11.3% -1.5% 25.0% 35.06%
2016 0.9% -14.8% 22.5% 54.29%
2015 -3.2% -6.0% 11.6% 90.57%
2014 4.6% -5.6% 12.1% 53.13%

NAV & Total Return History

DAAIX - Holdings

Concentration Analysis

DAAIX Category Low Category High DAAIX % Rank
Net Assets 73.4 M 200 3.24 B 43.16%
Number of Holdings 50 2 2106 72.04%
Net Assets in Top 10 3.15 M -7.32 M 1.69 B 79.57%
Weighting of Top 10 32.35% 0.0% 162.3% 58.06%

Top 10 Holdings

  1. Iboxx Hy Swap 4 7.10%

  2. Iboxx Hy Swap 5 6.92%

  3. United States Treasury Bonds 2.88% 3.03%

  4. Transocean Poseidon Ltd 6.88% 2.28%

  5. United States Treasury Bonds 2.25% 2.25%

  6. Viacom Inc 6.25% 2.21%

  7. Commonspirit Health 4.19% 2.19%

  8. JBS Investments II Gmbh 5.75% 2.15%

  9. Transocean Sentry Limited 5.38% 2.13%

  10. Hallmark Fin Svcs 6.25% 2.09%


Asset Allocation

Weighting Return Low Return High DAAIX % Rank
Cash
65.34% -45.95% 166.99% 17.20%
Bonds
48.72% 0.00% 76.33% 38.71%
Stocks
0.02% -4.09% 70.82% 80.65%
Preferred Stocks
0.00% 0.00% 6.50% 52.69%
Convertible Bonds
0.00% 0.00% 13.92% 59.14%
Other
-14.08% -66.99% 49.28% 95.70%

Stock Sector Breakdown

Weighting Return Low Return High DAAIX % Rank
Communication Services
0.02% -2.40% 6.14% 62.92%
Utilities
0.00% -1.15% 5.01% 82.02%
Technology
0.00% -1.17% 35.70% 84.27%
Real Estate
0.00% -8.74% 5.29% 73.03%
Industrials
0.00% -2.54% 31.44% 91.01%
Healthcare
0.00% -2.67% 20.07% 82.02%
Financial Services
0.00% -6.05% 17.16% 79.78%
Energy
0.00% -3.33% 10.84% 78.65%
Consumer Defense
0.00% -2.47% 11.32% 61.80%
Consumer Cyclical
0.00% -1.38% 16.66% 85.39%
Basic Materials
0.00% -2.99% 16.80% 75.28%

Stock Geographic Breakdown

Weighting Return Low Return High DAAIX % Rank
US
0.02% -2.49% 67.20% 70.97%
Non US
0.00% -39.87% 61.37% 69.89%

Bond Sector Breakdown

Weighting Return Low Return High DAAIX % Rank
Cash & Equivalents
65.34% -46.23% 166.99% 17.20%
Corporate
40.91% 0.00% 80.39% 25.81%
Government
6.48% -2.24% 64.67% 18.28%
Securitized
1.35% 0.00% 43.00% 22.58%
Municipal
0.00% 0.00% 0.78% 48.39%
Derivative
-0.02% -6.26% 7.89% 78.49%

Bond Geographic Breakdown

Weighting Return Low Return High DAAIX % Rank
US
41.03% 0.00% 71.38% 40.86%
Non US
7.69% 0.00% 31.36% 27.96%

DAAIX - Expenses

Operational Fees

DAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.93% 12.57% 81.11%
Management Fee 1.25% 0.35% 2.25% 51.04%
12b-1 Fee 0.25% 0.00% 1.00% 40.63%
Administrative Fee 0.08% 0.04% 0.45% 19.51%

Sales Fees

DAAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 21.74%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

Turnover 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 275.00% 0.00% 1020.14% 90.00%

DAAIX - Distributions

Dividend Yield Analysis

DAAIX Category Low Category High DAAIX % Rank
Dividend Yield 1.81% 0.00% 4.86% 31.25%

Dividend Distribution Analysis

DAAIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DAAIX Category Low Category High DAAIX % Rank
Net Income Ratio 2.13% -2.56% 4.74% 30.00%

Capital Gain Distribution Analysis

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

DAAIX - Managers

Andrew J. Kronschnabel

Manager

Start Date

Tenure

Tenure Rank

Jul 02, 2018

1.25

1.3%

Mr. Kronschnabel is a senior portfolio manager for Logan Circle. Prior to joining Logan Circle in November 2007, he worked at Delaware Investments as a senior high-grade trader from September 2000 to November 2007. Mr. Kronschnabel holds a bachelor’s degree in international economics and politics from Colorado College.


Joshua T. Lofgren

Manager

Start Date

Tenure

Tenure Rank

Jul 02, 2018

1.25

1.3%

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

0.0

Category High

20.88

Category Average

4.12

Category Mode

5.26