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Trending ETFs

Name

As of 03/27/2024

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

$12.56

$156 M

3.77%

$0.47

1.17%

Vitals

YTD Return

0.0%

1 yr return

4.3%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

0.9%

Net Assets

$156 M

Holdings in Top 10

18.0%

52 WEEK LOW AND HIGH

$12.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$50,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$12.56

$156 M

3.77%

$0.47

1.17%

DNCGX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.30%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Dunham Corporate/Government Bond Fund
  • Fund Family Name
    Dunham Funds
  • Inception Date
    Dec 13, 2004
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • 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 in corporate bonds of issuers from any country and in government bonds. The Fund defines corporate bonds to include: (1) debt securities issued by a corporation (or equivalent entity), (2) non-government mortgage-backed securities and collateralized mortgage obligations (MBS), (3) asset-backed securities (ABS) and (4) index-linked 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 defines government bonds to include: (1) any United States government issued or guaranteed MBS (Gov-MBS) and debt securities issued by the United States’ Treasury, any agency or instrumentality of the United States; (2) any multi-governmental entity of which the United States is a member; and (3) any state or other political subdivision within the United States or its territories. In general, the Sub-Adviser buys securities that its active management techniques identify as undervalued and sells them when more compelling investments are available. The Fund’s Sub-Adviser may engage in active and frequent trading of the Fund’s portfolio securities to achieve the Fund’s investment objectives.

The Fund may invest up to 40% of its assets in higher-yielding, higher-risk corporate and government bonds, including high-yield bank loans — also known as “high-yield” or “junk” bonds — with medium to low credit quality ratings. High-yield bonds and bank loans are rated BB+ or lower by S&P, or comparably rated by another nationally recognized statistical rating organization (NRSRO), or if unrated determined by the Sub-Adviser to be of comparable quality. However, the Fund intends to maintain an average portfolio credit quality of investment grade. The bonds in the Fund’s portfolio can be of any maturity.

The Fund may invest up to 15% of its assets in derivative instruments, such as swaps (including credit default swap indices and single name credit default swaps), and forward and futures contracts, including interest rate futures. Derivatives may be used for investment purposes and/or to manage risks. The Fund also may hold foreign exchange derivatives (including currency forwards of both developed and emerging market countries). These instruments may be used to reduce foreign currency risk and/or to enhance returns.

The Fund may also engage in securities lending.

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DNCGX - Performance

Return Ranking - Trailing

Period DNCGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -6.0% 3.9% 15.33%
1 Yr 4.3% -10.3% 16.1% 13.90%
3 Yr -1.8%* -10.4% 26.2% 14.87%
5 Yr 0.9%* -6.6% 191.4% 27.29%
10 Yr 1.4%* -2.4% 73.7% 55.67%

* Annualized

Return Ranking - Calendar

Period DNCGX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -16.2% 8.1% 45.29%
2022 -14.0% -34.7% 131.9% 10.22%
2021 -2.0% -11.6% 4.4% 7.60%
2020 5.2% -10.1% 946.1% 27.62%
2019 6.9% -1.7% 156.4% 12.07%

Total Return Ranking - Trailing

Period DNCGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -6.0% 3.9% 15.33%
1 Yr 4.3% -10.3% 16.1% 13.90%
3 Yr -1.8%* -10.4% 26.2% 14.87%
5 Yr 0.9%* -6.6% 191.4% 27.29%
10 Yr 1.4%* -2.4% 73.7% 55.67%

* Annualized

Total Return Ranking - Calendar

Period DNCGX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -11.3% 11.0% 49.26%
2022 -12.4% -32.2% 131.9% 15.38%
2021 -0.6% -9.4% 9.2% 36.22%
2020 7.6% -1.9% 1009.0% 69.21%
2019 10.0% 1.1% 21668.0% 19.36%

NAV & Total Return History


DNCGX - Holdings

Concentration Analysis

DNCGX Category Low Category High DNCGX % Rank
Net Assets 156 M 2.73 M 292 B 86.33%
Number of Holdings 490 1 17889 62.23%
Net Assets in Top 10 23.2 M -106 M 36.5 B 90.61%
Weighting of Top 10 17.99% 4.4% 134.1% 71.56%

Top 10 Holdings

  1. T 4 11/15/52 3.87%
  2. T 3 5/8 05/15/53 2.39%
  3. T 3 5/8 02/15/53 2.08%
  4. FR SD8309 1.80%
  5. FR SD2026 1.60%
  6. T 3 7/8 08/15/33 1.51%
  7. FID-MM GOVT-I 1.28%
  8. VERUS 2023-1 A1 1.25%
  9. AH4R 2015-SFR1 A 1.15%
  10. COLT 2022-4 A1 1.06%

Asset Allocation

Weighting Return Low Return High DNCGX % Rank
Bonds
65.79% 0.00% 215.98% 96.48%
Other
32.76% -13.23% 58.65% 1.86%
Cash
1.46% -54.51% 88.26% 71.43%
Stocks
0.00% 0.00% 99.93% 85.06%
Preferred Stocks
0.00% 0.00% 74.68% 83.46%
Convertible Bonds
0.00% 0.00% 7.93% 99.90%

Bond Sector Breakdown

Weighting Return Low Return High DNCGX % Rank
Corporate
38.45% 0.00% 100.00% 26.50%
Securitized
33.46% 0.00% 98.40% 38.92%
Government
18.24% 0.00% 86.23% 64.33%
Municipal
5.66% 0.00% 100.00% 7.49%
Cash & Equivalents
1.28% 0.00% 88.06% 68.59%
Derivative
0.00% -5.38% 58.65% 72.11%

Bond Geographic Breakdown

Weighting Return Low Return High DNCGX % Rank
US
65.79% 0.00% 215.98% 95.69%
Non US
0.00% 0.00% 39.04% 84.44%

DNCGX - Expenses

Operational Fees

DNCGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.01% 39.10% 18.93%
Management Fee 0.82% 0.00% 1.76% 99.70%
12b-1 Fee 0.00% 0.00% 1.00% 10.57%
Administrative Fee N/A 0.01% 0.50% 57.24%

Sales Fees

DNCGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DNCGX 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.

DNCGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 2.00% 493.39% 23.39%

DNCGX - Distributions

Dividend Yield Analysis

DNCGX Category Low Category High DNCGX % Rank
Dividend Yield 3.77% 0.00% 9.75% 47.17%

Dividend Distribution Analysis

DNCGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

DNCGX Category Low Category High DNCGX % Rank
Net Income Ratio 1.30% -1.28% 4.79% 75.00%

Capital Gain Distribution Analysis

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

Distributions History

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DNCGX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Jan 02, 2013

9.41

9.4%

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

5.0

5.0%

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
0.07 33.43 6.82 1.16