DACGX: Dunham Corporate/Government Bond A

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DACGX Dunham Corporate/Government Bond A


Profile

DACGX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $59.8 M
  • Holdings in Top 10 18.2%

52 WEEK LOW AND HIGH

$14.60
$13.08
$14.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.45%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Dunham Corporate/Government Bond 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
    David Albrycht

Fund Description

The fund's Sub-Adviser seeks to achieve the fund's investment objectives by investing primarily in corporate and government bonds using the Sub-Adviser's active management techniques including sector analysis and allocation through active sector rotation, issuer selection and opportunistic trading. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in corporate bonds of issuers from any country and in government bonds.


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Categories

Performance

DACGX - Performance

Return Ranking - Trailing

Period DACGX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -12.1% 14.0% 63.68%
1 Yr 4.7% -11.9% 11.3% 54.50%
3 Yr 1.8%* -7.6% 5.2% 65.91%
5 Yr 1.1%* -6.3% 25.6% 63.69%
10 Yr -0.2%* -4.7% 11.6% 67.31%

* Annualized

Return Ranking - Calendar

Period DACGX Return Category Return Low Category Return High Rank in Category (%)
2019 6.9% -1.3% 13.9% 15.53%
2018 -5.2% -10.3% 2.7% 88.89%
2017 1.5% -2.2% 8.1% 48.54%
2016 0.7% -22.1% 192.8% 44.38%
2015 -3.4% -12.2% -0.4% 47.02%

Total Return Ranking - Trailing

Period DACGX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -12.1% 14.0% 63.68%
1 Yr 4.7% -11.9% 11.3% 54.50%
3 Yr 3.1%* -7.6% 5.2% 22.73%
5 Yr 2.9%* -6.3% 28.5% 23.57%
10 Yr 2.9%* -4.7% 16.1% 24.04%

* Annualized

Total Return Ranking - Calendar

Period DACGX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -1.2% 13.9% 7.31%
2018 -2.8% -10.3% 3.9% 50.26%
2017 3.6% -2.2% 8.4% 23.39%
2016 3.0% -22.1% 204.3% 25.00%
2015 -0.4% -12.2% 3.7% 12.58%

NAV & Total Return History


Holdings

DACGX - Holdings

Concentration Analysis

DACGX Category Low Category High DACGX % Rank
Net Assets 59.8 M 3.17 M 70.6 B 79.35%
Number of Holdings 398 5 7322 58.54%
Net Assets in Top 10 10.5 M -1.26 B 27.3 B 73.58%
Weighting of Top 10 18.19% 5.8% 94.9% 75.86%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 4.35%
  2. United States Treasury Bonds 2.88% 2.57%
  3. United States Treasury Bonds 2% 2.49%
  4. United States Treasury Notes 2.88% 2.48%
  5. United States Treasury Bonds 3% 1.40%
  6. CALIFORNIA ST 7.6% 1.22%
  7. TEXAS ST 3.21% 1.10%
  8. Federal National Mortgage Association 3% 0.96%
  9. United States Treasury Notes 0.25% 0.86%
  10. Federal National Mortgage Association 3.5% 0.76%

Asset Allocation

Weighting Return Low Return High DACGX % Rank
Bonds
91.44% -62.81% 231.56% 67.21%
Cash
7.75% -137.69% 168.59% 25.61%
Convertible Bonds
0.81% 0.00% 4.38% 67.89%
Stocks
0.00% -0.03% 12.20% 44.53%
Preferred Stocks
0.00% 0.00% 7.73% 54.07%
Other
0.00% -7.84% 7.38% 41.06%

Bond Sector Breakdown

Weighting Return Low Return High DACGX % Rank
Corporate
39.94% 0.00% 83.87% 33.74%
Securitized
29.95% 0.00% 87.00% 39.43%
Government
15.86% 0.00% 85.82% 68.29%
Cash & Equivalents
8.32% 0.00% 58.89% 30.49%
Municipal
5.94% 0.00% 27.42% 6.50%
Derivative
0.00% 0.00% 30.18% 73.98%

Bond Geographic Breakdown

Weighting Return Low Return High DACGX % Rank
US
84.58% -63.01% 239.68% 39.43%
Non US
6.86% -140.55% 83.99% 75.20%

Expenses

DACGX - Expenses

Operational Fees

DACGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.02% 18.96% 27.90%
Management Fee 0.66% 0.00% 0.96% 94.65%
12b-1 Fee 0.25% 0.00% 1.00% 33.85%
Administrative Fee N/A 0.03% 0.50% 46.21%

Sales Fees

DACGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.50% 4.75% 9.38%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DACGX 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.

DACGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 76.00% 7.12% 438.00% 36.54%

Distributions

DACGX - Distributions

Dividend Yield Analysis

DACGX Category Low Category High DACGX % Rank
Dividend Yield 0.00% 0.00% 3.49% 39.68%

Dividend Distribution Analysis

DACGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

DACGX Category Low Category High DACGX % Rank
Net Income Ratio 2.41% -0.35% 10.54% 66.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

DACGX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Jan 02, 2013

7.58

7.6%

Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Stephen Hooker


Start Date

Tenure

Tenure Rank

May 31, 2017

3.17

3.2%

Stephen H. Hooker, CFA is the Director of Foreign Research, sector manager for emerging markets debt and a member of the corporate credit research group at Newfleet (since 2011). He is responsible for the paper and packaging and chemicals industry sectors, and the Eastern Europe, Middle East, and Africa sovereign credit sector. From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager on its fixed income team. Mr. Hooker earned a B.A. in psychology from Trinity College. He has held the Chartered Financial Analyst designation since 1999. He began his career in the investment industry in 1993.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.6 5.8 5.85