DAAVX: Dunham Dynamic Macro A

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DAAVX Dunham Dynamic Macro A


Profile

DAAVX - Profile

Vitals

  • YTD Return -10.7%
  • 3 Yr Annualized Return -1.6%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $26.2 M
  • Holdings in Top 10 29.1%

52 WEEK LOW AND HIGH

$9.16
$8.56
$10.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.79%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $2,000

Fund Classification


Distributions

  • YTD Total Return -10.7%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Dunham Dynamic Macro Fund
  • Fund Family Name
    Dunham Funds
  • Inception Date
    Apr 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Torrey Zaches

Fund Description

The fund may invest in or seek exposure to a wide range of asset classes including, without limitation, (i) equity (of any market capitalization), (ii) fixed-income (including asset-backed securities, mortgage-backed securities and other collateralized obligations and all grades and maturities of domestic and foreign (including emerging markets) credit, including high yield (junk bonds)), (iii) commodities, (iv) real estate investment trusts ("REITs") and (v) currencies.


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Categories

Performance

DAAVX - Performance

Return Ranking - Trailing

Period DAAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.7% -76.1% 708.0% 29.41%
1 Yr -6.1% -79.9% 759.6% 25.04%
3 Yr -1.6%* -47.1% 24.4% 32.11%
5 Yr -2.2%* -36.1% 24.6% 46.46%
10 Yr N/A* -12.7% 25.3% N/A

* Annualized

Return Ranking - Calendar

Period DAAVX Return Category Return Low Category Return High Rank in Category (%)
2019 13.7% -58.1% 80.6% 53.40%
2018 -10.8% -93.5% 23.6% 47.16%
2017 7.9% -55.3% 69.8% 48.38%
2016 -2.6% -34.8% 68.2% 87.08%
2015 -1.4% -50.8% 22.5% 20.64%

Total Return Ranking - Trailing

Period DAAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.7% -76.1% 708.0% 29.41%
1 Yr -6.1% -79.9% 759.6% 25.04%
3 Yr -0.9%* -47.1% 112.8% 41.10%
5 Yr -1.8%* -36.1% 56.8% 58.07%
10 Yr N/A* -12.7% 25.3% N/A

* Annualized

Total Return Ranking - Calendar

Period DAAVX Return Category Return Low Category Return High Rank in Category (%)
2019 13.7% -58.1% 80.6% 53.56%
2018 -8.8% -47.9% 23.6% 50.95%
2017 7.9% -55.3% 69.8% 66.67%
2016 -2.6% -34.8% 70.7% 91.33%
2015 -1.4% -50.8% 30.8% 39.08%

NAV & Total Return History


Holdings

DAAVX - Holdings

Concentration Analysis

DAAVX Category Low Category High DAAVX % Rank
Net Assets 26.2 M 253 K 84.3 B 81.52%
Number of Holdings 44 1 5871 72.58%
Net Assets in Top 10 10.1 M -635 M 29.5 B 71.11%
Weighting of Top 10 29.14% 0.5% 100.0% 58.71%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 9.44%
  2. iShares Commodities Select Strategy ETF 5.38%
  3. SPDR® Blmbg Barclays High Yield Bd ETF 5.15%
  4. Us 10yr Fut Optn Jun20c Tym0c 118.00 Comdty 4.56%
  5. iShares Currency Hedged MSCI Japan ETF 1.56%
  6. S&P Emini 3rd Wk May20p 3ek0p 3000 Index 0.89%
  7. S&P Emini 3rd Wk Apr20p 3ej0p 2950 Index 0.72%
  8. E-mini S&P 500 Futures Put Mar20 0.52%
  9. S&P Emini 2nd Wee Mar20P 2EH0P 3170 Index 0.47%
  10. iShares Currency Hedged MSCI Germany ETF 0.44%

Asset Allocation

Weighting Return Low Return High DAAVX % Rank
Cash
77.31% -5.52% 1041.68% 15.69%
Stocks
11.68% -174.78% 100.76% 86.97%
Bonds
10.95% -27.42% 55.92% 5.86%
Convertible Bonds
0.07% 0.00% 18.08% 11.00%
Preferred Stocks
0.00% -0.68% 19.88% 86.66%
Other
0.00% -895.56% 37.72% 76.69%

Stock Sector Breakdown

Weighting Return Low Return High DAAVX % Rank
Technology
19.72% 0.00% 99.85% 34.10%
Financial Services
14.56% 0.00% 100.00% 56.37%
Healthcare
13.64% 0.00% 100.00% 46.39%
Industrials
11.13% 0.00% 73.35% 43.93%
Consumer Cyclical
10.80% 0.00% 57.06% 36.10%
Communication Services
10.26% 0.00% 99.45% 36.10%
Consumer Defense
7.38% 0.00% 69.28% 42.55%
Real Estate
3.29% 0.00% 97.67% 37.48%
Utilities
3.24% 0.00% 99.02% 37.33%
Energy
3.17% 0.00% 100.00% 63.90%
Basic Materials
2.81% 0.00% 51.56% 47.62%

Stock Geographic Breakdown

Weighting Return Low Return High DAAVX % Rank
US
9.25% -173.66% 79.99% 86.51%
Non US
2.43% -48.75% 62.12% 67.01%

Bond Sector Breakdown

Weighting Return Low Return High DAAVX % Rank
Cash & Equivalents
88.07% 0.00% 100.00% 68.77%
Corporate
6.72% 0.00% 100.00% 24.93%
Derivative
4.96% -0.02% 78.92% 5.13%
Government
0.25% 0.00% 87.44% 25.81%
Securitized
0.00% 0.00% 51.13% 78.15%
Municipal
0.00% 0.00% 7.83% 77.42%

Bond Geographic Breakdown

Weighting Return Low Return High DAAVX % Rank
US
8.21% -29.08% 40.50% 8.65%
Non US
2.74% -0.01% 15.42% 3.08%

Expenses

DAAVX - Expenses

Operational Fees

DAAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.79% 0.04% 27.58% 43.07%
Management Fee 1.15% 0.00% 2.94% 76.90%
12b-1 Fee 0.25% 0.00% 1.00% 49.88%
Administrative Fee N/A 0.01% 1.12% 58.01%

Sales Fees

DAAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 33.64%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DAAVX 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.

DAAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 531.00% 33.81%

Distributions

DAAVX - Distributions

Dividend Yield Analysis

DAAVX Category Low Category High DAAVX % Rank
Dividend Yield 0.00% 0.00% 11.31% 77.19%

Dividend Distribution Analysis

DAAVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

DAAVX Category Low Category High DAAVX % Rank
Net Income Ratio 1.03% -4.31% 8.14% 32.49%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DAAVX - Fund Manager Analysis

Managers

Torrey Zaches


Start Date

Tenure

Tenure Rank

Nov 01, 2014

5.42

5.4%

Mr. Zaches, a Director, joined Mellon in 1998 and participates as a member of the asset allocation investment team.

James Stavena


Start Date

Tenure

Tenure Rank

Nov 01, 2014

5.42

5.4%

Mr. Stavena joined Mellon Capital in 1998, where he currently serves as a Managing Director of Asset Allocation. He manages a team of portfolio managers responsible for the implementation of Mellon Capital's asset allocation strategies including Global Alpha, domestic asset allocation, Active Currency, Active Commodity, and custom rules-based strategies. He is a member of the Trade Management Oversight Committee. Prior to joining Mellon Capital, was a currency options trader with CS First Boston and HSBC in New York and London Education: M.B.A., Rice University. He has over 25 years of investment experience.

Vassilis Dagioglu


Start Date

Tenure

Tenure Rank

Nov 01, 2014

5.42

5.4%

Vassilis is the head of the asset allocation portfolio management team. In his current role, he is responsible for managing global tactical asset allocation, strategic asset allocation and multi-asset portfolios including total return, absolute return, multi-asset income, global macro as well as active commodities strategies. Since he joined the company, he has managed several asset allocation portfolios such as mutual funds, hedge funds, and separately managed portfolios and helped develop custom portfolio solutions. Vassilis joined the firm in 1999, shortly after beginning his career in the investment industry. Prior to that, he designed and implemented financial information systems and consulted on enterprise information application development at IBM Global Services and Sybase. He earned an MBA in finance from the University of California at Berkeley.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 36.28 8.29 6.5