0000897101-12-001601.txt : 20120925 0000897101-12-001601.hdr.sgml : 20120925 20120925144832 ACCESSION NUMBER: 0000897101-12-001601 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20120925 DATE AS OF CHANGE: 20120925 EFFECTIVENESS DATE: 20120925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Dunham Funds CENTRAL INDEX KEY: 0001420040 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-147999 FILM NUMBER: 121108662 BUSINESS ADDRESS: STREET 1: 10251 VISTA SORRENTO PARKWAY STREET 2: SUITE 200 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-964-0500 MAIL ADDRESS: STREET 1: 10251 VISTA SORRENTO PARKWAY STREET 2: SUITE 200 CITY: SAN DIEGO STATE: CA ZIP: 92121 0001420040 S000038195 Dunham Alternative Income Fund C000117783 Dunham Alternative Income Fund Class A Funds DAALX C000117784 Dunham Alternative Income Fund Class C Funds DCALX C000117785 Dunham Alternative Income Fund Class N Funds DNALX 497 1 dunham123963_497.htm FORM 497

THE DUNHAM FUNDS

Dunham Alternative Income Fund

 

Incorporated herein by reference is the definitive version of the prospectus for the Dunham Alternative Income Fund filed pursuant to Rule 497 (c) under the Securities Act of 1933, as amended, on September 19, 2012 (SEC Accession No. 0000910472-12-002871).

 

 

 

 

 

 

 

 

 

 

EX-101.INS 2 cik0001420040-20120919.xml XBRL INSTANCE FILE 0001420040 cik0001420040:S000038195Member 2012-09-14 2012-09-14 0001420040 cik0001420040:S000038195Member cik0001420040:C000117785Member 2012-09-14 2012-09-14 0001420040 cik0001420040:S000038195Member cik0001420040:C000117784Member 2012-09-14 2012-09-14 0001420040 cik0001420040:S000038195Member cik0001420040:C000117783Member 2012-09-14 2012-09-14 0001420040 2012-09-14 2012-09-14 iso4217:USD xbrli:pure false 2012-09-19 2012-09-19 2012-09-19 Other 0001420040 Dunham Funds 0.0001 0.0001 0.0001 <div> &lt;div style="display:none;" &gt;~ http://www.dunham.com/role/ScheduleAnnualFundOperatingExpensesDunhamAlternativeIncomeFundNew column period compact * column dei_LegalEntityAxis compact cik0001420040_S000038195Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div class="MetaData"> <p style="margin: 0px; font-family: Arial,Times New Roman; font-size: 12pt;" align="justify"><b>Performance: </b></p></div> 0.0025 0.01 0 0 0 0 You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $<font class="_mt">50,000</font> in the Fund. 50000 <div class="MetaData"> <p style="margin-top: 0px; font-family: Arial,Times New Roman; margin-bottom: 8px; font-size: 12pt;" align="justify"><b><i>Example:</i></b> </p></div> <div> <div class="MetaData"> <p style="margin-top: 0px; font-family: Arial,Times New Roman; margin-bottom: 8px; font-size: 12pt;" align="justify">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </p> <p style="margin-top: 0px; font-family: Arial,Times New Roman; margin-bottom: 8px; font-size: 12pt;" align="justify">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</p></div> </div> <div> &lt;div style="display:none;" &gt;~ http://www.dunham.com/role/ScheduleExpenseExampleTransposedDunhamAlternativeIncomeFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001420040_S000038195Member column rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> 742 252 152 1091 776 471 <div class="MetaData"> <p style="line-height: 13pt; margin: 0px; font-family: Arial,Times New Roman; font-size: 12pt;" align="justify"><b>Fees and Expenses of the Fund:</b></p></div> <div> <div class="MetaData"> <p style="line-height: 13pt; margin: 0px; font-family: Arial,Times New Roman; font-size: 12pt;" align="justify">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.&nbsp;<font class="_mt">You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $<font class="_mt">50,000</font> in the Fund.</font> More information about these and other discounts is available from your financial professional and in <b>How to Purchase Shares </b>on page 17 of this Prospectus and in<b> How to Buy and Sell Shares </b>on page 67 of the Fund's Statement of Additional Information).</p></div> </div> The operating expenses in this fee table may not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in other investment companies. 0.0174 0.0249 0.0149 0.0105 0.0105 0.0105 0.01 0 0 0.0575 0 0 0 0 0 <div class="MetaData"> <p style="line-height: 14pt; margin: 0px; font-family: Arial,Times New Roman; font-size: 12pt;" align="justify"><b>Investment Objective: </b></p></div> <div> The Fund primarily seeks to maximize income </div> <div> with capital appreciation as a secondary goal. </div> <div class="MetaData"> <p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt">Annual Fund Operating Expenses</font></b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt">(expenses that you pay each year as a </font></b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt">percentage of the value of your investment)</font></b></p></div> Estimated for the Fund's first fiscal year 0.0043 0.0043 0.0043 <div> <div class="MetaData"> <p style="margin: 0px; font-family: Arial,Times New Roman; font-size: 12pt;" align="justify"><font class="_mt">Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.</font>&nbsp;In the future, performance information will be presented in this section of the Prospectus.</p></div> </div> Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. <div class="MetaData"> <p style="line-height: 14pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><b>Portfolio Turnover:</b> </p></div> <div> <div class="MetaData"> <p style="line-height: 14pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. </p></div> </div> 2012-09-14 0 0 0 <div class="MetaData"> <p style="line-height: 14pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><b>Principal Investment Risks: </b></p></div> <b><i>As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. </i></b> <div> <div class="MetaData"> <p style="line-height: 14pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><b><i><font class="_mt"><b><i>As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. </i></b></font>Although the Fund will strive to meet its investment objective, there is no assurance that it will do so. Many factors affect the Fund's net asset value and performance.</i></b><font style="font-size: 11pt;" class="_mt"><b><i> </i></b></font></p> <p style="line-height: 14pt; margin: 0px;" align="justify"><br /></p> <p style="margin: 0px; font-family: Arial; font-size: 12pt;"><i>Foreign Investing &#8211;</i> Investments in securities of foreign issuers are subject to country-specific risks such as political, diplomatic, regional conflicts, terrorism, war, social and economic instability and policies that have the effect of decreasing the value of foreign securities. Foreign investments may experience greater volatility than U.S. investments.</p> <p style="margin: 0px;"><br /></p> <p style="margin: 0px; font-family: Arial; font-size: 12pt;"><i>Liquidity Risk</i> <i>&#8211;</i> Some securities may have few market-makers and low trading volume, which tend to increase transaction costs and may make it impossible for a Fund to dispose of a security position at all or at a price which represents current or fair market value.</p> <p style="margin: 0px;"><br /></p> <p style="margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><i>Management Risk &#8211;</i> The Fund is subject to management risk because it is an actively managed investment portfolio. The Sub-Adviser's judgments about the attractiveness, "growth" potential of a company and the potential appreciation of securities may prove to be inaccurate and may not produce the desired results. The Sub-Adviser will apply its investment techniques and risk analyses in making investment decisions for the Fund, but there is no guarantee that its decisions will produce the intended result.</p> <p style="margin: 0px; font-family: Arial; font-size: 12pt;" align="justify">&nbsp;</p> <p style="margin: 0px;" align="justify"><font style="font-family: Arial; font-size: 12pt;" class="_mt"><strike> </strike></font><em><font style="font-family: Arial; font-size: 12pt;" class="_mt">MLP Risk</font><font style="font-family: Arial; font-size: 12pt;" class="_mt"> &#8211; </font></em><font style="font-family: Arial; font-size: 12pt;" class="_mt">Prices of common units of individual MLPs, like the prices other equity securities, can be affected by fundamentals unique to the partnership or company, including earnings power and coverage ratios. MLPs common units have limited rights to vote on matters affecting the MLP and risks related to potential conflicts of interest between the MLP and the MLP's general partner. MLPs do not pay U.S. federal income tax at the partnership level. A change in current tax law, or a change in the underlying business mix of a given MLP, could result in an MLP being treated as a corporation for U.S. federal income tax purposes, which would result in such MLP being required to pay U.S. federal income tax on its taxable income. </font></p><br /> <p style="margin-top: 0px; text-indent: 72px; width: 96px; font-family: Symbol; margin-bottom: -2px; float: left; font-size: 12pt;">&#183;</p> <p style="margin-top: 0px; padding-left: 96px; font-family: Arial; margin-bottom: 8px; font-size: 12pt;" align="justify"><i>Energy Related Risk.&nbsp; </i><strike> </strike>MLP securities are typically focused in the energy infrastructure sector. Because of the <strike> </strike>focus in this sector, the performance of the MLPs in which the Fund may invest is tied closely to and affected by developments in the energy sector, such as the possibility that government regulation will negatively impact companies in this sector. Energy infrastructure entities are also subject to the risks specific to the industry they serve. </p> <p style="margin: 0px; clear: left;" align="justify"><br /></p> <div class="MetaData"> <p style="line-height: 13pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><i>Non-Diversification Risk &#8211;</i> A Fund that is a non-diversified investment company means that more of the Fund's assets may be invested in the securities of a single issuer than a diversified investment company. This may make the value of the Fund's shares more susceptible to certain risk than shares of a diversified investment company. As a non-diversified fund, the Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer.</p></div> <p style="margin: 0px;" align="justify"><br /></p> <p style="margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><i>Real Estate Investment Trust Risk &#8211; </i>A REIT's performance depends on the types and locations of the rental properties it owns and on how well it manages those properties. A decline in rental income may occur because of extended vacancies, increased competition from other properties, tenants' failure to pay rent or poor management.</p> <p style="margin: 0px;"><br /></p> <p style="margin: 0px; font-family: Arial,Times New Roman; font-size: 12pt;" align="justify"><i>Stock Market Risk</i> <i>&#8211;</i> Stock markets can be volatile. In other words, the prices of stocks can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions. The Fund's investments may decline in value if the stock markets perform poorly.</p></div> </div> <div class="MetaData"> <p style="line-height: 13pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify"><i>Non-Diversification Risk &#8211;</i> A Fund that is a non-diversified investment company means that more of the Fund's assets may be invested in the securities of a single issuer than a diversified investment company. This may make the value of the Fund's shares more susceptible to certain risk than shares of a diversified investment company. As a non-diversified fund, the Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer.</p></div> <div class="MetaData"> <p style="line-height: 14pt; margin: 0px; font-family: Arial,Times New Roman; font-size: 14pt; border-top: #000000 1px solid; padding-top: 4px;"><b>Dunham Alternative Income Fund</b></p></div> <div class="MetaData"> <p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt">Shareholder Fees</font></b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt">(fees paid directly from your investment)</font></b><font style="font-family: 'Arial','sans-serif'; font-size: 10pt;" class="_mt"> </font></p></div> <div> &lt;div style="display:none;" &gt;~ http://www.dunham.com/role/ScheduleShareholderFeesDunhamAlternativeIncomeFund column period compact * column dei_LegalEntityAxis compact cik0001420040_S000038195Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div class="MetaData"> <p style="line-height: 13pt; margin-top: 6px; font-family: Arial; margin-bottom: 6px; font-size: 12pt;" align="justify"><b>Principal Investment Strategies: </b></p></div> <div> <div class="MetaData"> <p style="line-height: 13pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify">The Fund <strike> </strike>seeks to achieve <strike> </strike>its investment objective by investing primarily in domestic and foreign income-producing equity securities which Harbor Springs Financial Management, LLC ( the " Sub-Adviser ") believes will pay above-average, sustainable, dividends. The Fund defines equity securities to include the common stock or securities convertible to common stock of companies traded on U.S. stock exchanges or in the over-the-counter markets, as well as preferred stocks, common or preferred interests or units of real estate investment trusts ("REITs") and Master Limited Partnerships ("MLPs"). MLPs are typically publicly traded partnerships engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. The Fund expects to invest no more than 10% of its total assets in foreign securities and no more than 25% in MLPs. The Sub-Adviser's investment philosophy focuses on the analysis of the company's financial statements, the company's business model, the company's management track record, the company's debt structure, and the sustainability and growth of its distributed dividend income. In general, the Sub-Adviser buys securities when the company is providing above-average dividend income and cash flow growth. The Sub-Adviser may choose to sell a security when it believes the company may have difficulty sustaining its dividend distributions, as measured by slowing revenue growth or slowing cash flow growth, or when the Sub-Adviser wishes to take advantage of what it believes to be a better investment opportunity. </p> <p style="line-height: 13pt; margin: 0px;" align="justify"><br /></p> <p style="line-height: 13pt; margin: 0px; font-family: Arial; font-size: 12pt;" align="justify">The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund.</p></div> </div> Estimated for the Fund's first fiscal year. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table may not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in other investment companies. The management fees above assume the Sub-Adviser's base fee. Actual sub-advisory fees may be higher or lower depending on Fund performance compared to the Dow Jones US Select Dividend Index. The sub-advisory fee is a fulcrum fee with a base or fulcrum of 0.40% and can range from 0.10% to 0.70% depending on the effect of performance fees. EX-101.SCH 3 cik0001420040-20120919.xsd XBRL SCHEMA FILE 001403 - Schedule - Annual Fund Operating Expenses - {Dunham Alternative Income Fund} link:presentationLink link:calculationLink link:definitionLink 001401 - Document - Risk/Return Summary {Unlabeled} - (Dunham Alternative Income Fund) link:presentationLink link:calculationLink link:definitionLink 001402 - Schedule - Shareholder Fees - {Dunham Alternative Income Fund} link:presentationLink link:calculationLink link:definitionLink 001404 - Schedule - Expense Example {Transposed} - {Dunham Alternative Income Fund} link:presentationLink link:calculationLink link:definitionLink 001408 - Disclosure - Risk/Return Detail Data {Elements} - (Dunham Alternative Income Fund) link:presentationLink link:calculationLink link:definitionLink 000001 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 cik0001420040-20120919_cal.xml XBRL CALCULATION FILE EX-101.DEF 5 cik0001420040-20120919_def.xml XBRL DEFINITION FILE EX-101.LAB 6 cik0001420040-20120919_lab.xml XBRL LABEL FILE EX-101.PRE 7 cik0001420040-20120919_pre.xml XBRL PRESENTATION FILE XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } EXCEL 9 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\R-#9F,C(S.%]B,64T7S0Q,F)?8C$V.%]B-68P M93@W-#,T-S4B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O M=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D M/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D M('=I=&@@36EC'1087)T7S(T-F8R,C,X7V(Q M931?-#$R8E]B,38X7V(U9C!E.#'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA7!E/"]T9#X-"B`@("`@("`@/'1D M(&-L87-S/3-$=&5X=#Y/=&AE'0^4V5P M(#$Y+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@("`@("`\=&0@8VQA'0^4V5P(#$Y+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA'0^1'5N:&%M M($%L=&5R;F%T:79E($EN8V]M92!&=6YD/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/&1I=B!C;&%S3H@07)I86PL5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z M(#$T<'0[(&)O3X\8CY);G9EF4@:6YC M;VUE(#PO9&EV/CQS<&%N/CPO'0^/&1I=B!C;&%S3H@07)I86PL5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z(#$R<'0[)R!A M;&EG;CTS1&IU3Y4:&ES('1A8FQE(&1E2!I9B!Y;W4@ M8G5Y(&%N9"!H;VQD('-H87)E6]U6]U2!A;F0@4V5L;"!3 M:&%R97,@/"]B/F]N('!A9V4@-C<@;V8@=&AE($9U;F0G3H@)U1I;65S($YE=R!2;VUA;BF4Z(#$P<'0[ M)R!C;&%S3H@)T%R:6%L)RPG6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG M+"=S86YS+7-E2!F6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG+"=S M86YS+7-E&EM=6T@1&5F97)R960@4V%L97,@0VAA&EM=6T@4V%L97,@0VAA'0^/&1I=B!C;&%S6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG+"=S86YS M+7-E3H@)T%R:6%L)RPG6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG+"=S86YS M+7-E6]U('!A>2!E86-H('EE87(@87,@82`\+V9O;G0^/"]B/CQF M;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG+"=S86YS+7-E3H@)U1I;65S($YE=R!2;VUA;BF4Z(#$P<'0[)R!C;&%S'!E;G-E'!E;G-E'!E;G-E2!T:&4@9&ER96-T(&]P97)A M=&EN9R!E>'!E;G-E2!T:&4@1G5N9"P@;F]T('1H92!I M;F1I'0^/&1I=B!C;&%S3H@07)I86PL5&EM97,@3F5W M(%)O;6%N.R!M87)G:6XM8F]T=&]M.B`X<'@[(&9O;G0M3X\8CX\:3Y%>&%M<&QE.CPO:3X\+V(^(#PO<#X\ M+V1I=CX\#L@9F]N="US:7IE.B`Q,G!T.R<@ M86QI9VX],T1J=7-T:69Y/E1H:7,@17AA;7!L92!I6QE/3-$)VUA#L@9F]N="UF86UI;'DZ($%R:6%L+%1I;65S($YE=R!2;VUA;CL@;6%R M9VEN+6)O='1O;3H@.'!X.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS1&IU M6]U&%M<&QE("`M#0H-"@T*#0I$=6YH86T@06QT97)N871I=F4@ M26YC;VUE($9U;F0-"@T**%531"`D*3QB'0^/&1I=B!C;&%S M3H@07)I86P[(&9O;G0M M3X\8CY0;W)T9F]L:6\@5'5R M;F]V97(Z/"]B/B`\+W`^/"]D:78^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/&1I=CX@/&1I=B!C;&%S3H@07)I86P[(&9O;G0M3Y4:&4@1G5N9"!P87ES('1R86YS86-T:6]N(&-O7,@86YD('-E;&QS('-E M8W5R:71I97,@*&]R(")T=7)N2!I;F1I8V%T92!H:6=H97(@ M=')A;G-A8W1I;VX@8V]S=',@86YD(&UA>2!R97-U;'0@:6X@:&EG:&5R('1A M>&5S('=H96X@1G5N9"!S:&%R97,@87)E(&AE;&0@:6X@82!T87AA8FQE(&%C M8V]U;G0N(%1H97-E(&-O6QE/3-$)VQI M;F4M:&5I9VAT.B`Q,W!T.R!M87)G:6XM=&]P.B`V<'@[(&9O;G0M9F%M:6QY M.B!!F4Z(#$R<'0[ M)R!A;&EG;CTS1&IU7!I8V%L;'D@<'5B;&EC;'D@ M=')A9&5D('!A2!F;V-U7-I2=S M(&9I;F%N8VEA;"!S=&%T96UE;G1S+"!T:&4@8V]M<&%N>2=S(&)U2=S(&UA;F%G96UE;G0@=')A8VL@2=S(&1E8G0@7,@ M2!C:&]O2!S=7-T86EN:6YG(&ET2!S;&]W:6YG(')E=F5N=64@9W)O=W1H(&]R('-L M;W=I;F<@8V%S:"!F;&]W(&=R;W=T:"P@;W(@=VAE;B!T:&4@4W5B+4%D=FES M97(@=VES:&5S('1O('1A:V4@861V86YT86=E(&]F('=H870@:70@8F5L:65V M97,@=&\@8F4@82!B971T97(@:6YV97-T;65N="!O<'!O2X@/"]P M/@T*#0H-"@T*/'`@6QE/3-$)VQI;F4M:&5I9VAT.B`Q,W!T.R!M87)G:6XZ(#!P>#L@9F]N M="UF86UI;'DZ($%R:6%L.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS1&IU M6QE/3-$)VQI;F4M:&5I9VAT.B`Q-'!T.R!M87)G:6XZ(#!P>#L@ M9F]N="UF86UI;'DZ($%R:6%L.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS M1&IU'0^ M/&1I=CX@/&1I=B!C;&%S3H@07)I86P[(&9O;G0M3X\ M8CX\:3X\9F]N="!C;&%S6]U(&-O=6QD(&QO M6QE/3-$)V9O;G0M2!A M;F0@<&]L:6-I97,@=&AA="!H879E('1H92!E9F9E8W0@;V8@9&5C2!E>'!E2!T M:&%N(%4N4RX@:6YV97-T;65N=',N/"]P/@T*#0H-"@T*/'`@F4Z(#$R M<'0[)SX\:3Y,:7%U:61I='D@4FES:SPO:3X@/&D^)B,X,C$Q.SPO:3X@4V]M M92!S96-U2!H879E(&9E=R!M87)K970M;6%K97)S(&%N9"!L M;W<@=')A9&EN9R!V;VQU;64L('=H:6-H('1E;F0@=&\@:6YC6QE/3-$)VUA M2!N;W0@ M<')O9'5C92!T:&4@9&5S:7)E9"!R97-U;'1S+B!4:&4@4W5B+4%D=FES97(@ M=VEL;"!A<'!L>2!I=',@:6YV97-T;65N="!T96-H;FEQ=65S(&%N9"!R:7-K M(&%N86QY6QE/3-$)VUA3H@07)I86P[(&9O;G0M3XF M;F)S<#L\+W`^#0H-"@T*#0H\<"!S='EL93TS1"=M87)G:6XZ(#!P>#LG(&%L M:6=N/3-$:G5S=&EF>3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@07)I M86P[(&9O;G0MF4Z(#$R<'0[)R!C;&%S3H@07)I86P[(&9O M;G0M6QE/3-$)V9O;G0M9F%M:6QY.B!!6EN9R!B=7-I;F5S"!P=7)P;W-E2!5+E,N(&9E9&5R86P@:6YC;VUE('1A M>"!O;B!I=',@=&%X86)L92!I;F-O;64N(#PO9F]N=#X\+W`^/&)R("\^#0H- M"@T*#0H\<"!S='EL93TS1"=M87)G:6XM=&]P.B`P<'@[('1E>'0M:6YD96YT M.B`W,G!X.R!W:61T:#H@.39P>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO M870Z(&QE9G0[(&9O;G0M6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`Y M-G!X.R!F;VYT+69A;6EL>3H@07)I86P[(&UA#L@ M9F]N="US:7IE.B`Q,G!T.R<@86QI9VX],T1J=7-T:69Y/CQI/D5N97)G>2!2 M96QA=&5D(%)I2!I;F9R87-T6QE/3-$)VQI;F4M:&5I M9VAT.B`Q,W!T.R!M87)G:6XZ(#!P>#L@9F]N="UF86UI;'DZ($%R:6%L.R!F M;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS1&IU2!M96%N2X@07,@82!N;VXM9&EV97)S:69I960@9G5N M9"P@=&AE($9U;F0@:&%S(&$@9W)E871E#L@ M9F]N="UF86UI;'DZ($%R:6%L.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS M1&IU2!R96YT(&]R('!O;W(@;6%N86=E;65N="X\+W`^#0H- M"@T*#0H\<"!S='EL93TS1"=M87)G:6XZ(#!P>#LG/CQB6QE/3-$)VUA3H@07)I M86PL5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS M1&IU2!I M;B!R97-P;VYS92!T;R!D979E;&]P;65N=',@869F96-T:6YG(&$@2!O2P@;W(@=&\@8VAA;F=I;F<@96-O;F]M M:6,L('!O;&ET:6-A;"!O2X\+W`^/"]D:78^(#PO9&EV/CQS M<&%N/CPO6QE/3-$)VUA3H@07)I86PL5&EM97,@3F5W(%)O;6%N.R!F;VYT+7-I>F4Z M(#$R<'0[)R!A;&EG;CTS1&IU'0^ M/&1I=CX@/&1I=B!C;&%S3X\9F]N M="!C;&%S3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\R-#9F,C(S.%]B,64T7S0Q,F)?8C$V.%]B-68P93@W-#,T-S4-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,C0V9C(R,SA?8C%E-%\T,3)B M7V(Q-CA?8C5F,&4X-S0S-#'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S&EM=6U$ M969E&EM M=6U386QE&-H86YG92!&964\+W1D M/@T*("`@("`@("`\=&0@8VQA&-H86YG949E93PO=&0^ M#0H@("`@("`@(#QT9"!A;&EG;CTS1')I9VAT(&-L87-S/3-$;G5M<#YN;VYE M#0H-"@D)"0D\'!E;G-E'!E;G-E'!E;G-E17AA;7!L95EE87(P,3PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S&EM=6T@1&5F97)R960@4V%L97,@0VAA&EM=6T@4V%L97,@0VAA'!E;G-E'!E;G-E&%M<&QE665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S&EM=6T@1&5F97)R960@4V%L97,@0VAA&EM=6T@4V%L97,@0VAA'!E;G-E'!E;G-E&%M<&QE665A'!E;G-E17AA M;7!L95EE87(P,SPO=&0^#0H@("`@("`@(#QT9"!C;&%S6QE/3-$ M)VQI;F4M:&5I9VAT.B`Q-'!T.R!M87)G:6XZ(#!P>#L@9F]N="UF86UI;'DZ M($%R:6%L+%1I;65S($YE=R!2;VUA;CL@9F]N="US:7IE.B`Q-'!T.R!B;W)D M97(M=&]P.B`C,#`P,#`P(#%P>"!S;VQI9#L@<&%D9&EN9RUT;W`Z(#1P>#LG M/CQB/D1U;FAA;2!!;'1E'0^ M/&1I=B!C;&%S3X\8CY);G9E2!;5&5X="!";&]C:UT\+W1D/@T*("`@("`@("`\=&0@8VQAF4@:6YC;VUE(#PO9&EV/CQS<&%N/CPO'0@0FQO M8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'!E;G-E2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/&1I=B!C;&%S3X\8CY&965S(&%N9"!%>'!E;G-E'0@0FQO8VM=/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$=&@^'1" M;&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/&1I=CX@/&1I M=B!C;&%S3Y4:&ES('1A8FQE(&1E2!I9B!Y;W4@8G5Y(&%N9"!H;VQD('-H87)E6]U2!A;F0@4V5L;"!3:&%R97,@/"]B/F]N('!A9V4@-C<@ M;V8@=&AE($9U;F0G6QE/3-$)VUAF4Z(#$R<'0[)SX\8CX\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3H@)T%R:6%L)RPG6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG+"=S86YS+7-E6QE/3-$)VUAF4Z(#$R<'0[ M)SX\8CX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@)T%R:6%L)RPG3H@)T%R:6%L)RPG'1=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^6QE/3-$)VUAF4Z(#$R<'0[)SX\8CX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@)T%R M:6%L)RPG'!E;G-EF4Z(#$P<'0[)R!C;&%S6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG M+"=S86YS+7-E6]U('!A>2!E86-H('EE87(@87,@82`\+V9O;G0^ M/"]B/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B`G07)I86PG+"=S86YS M+7-E6QE/3-$)VUAF4Z(#$R<'0[)SX\8CX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@)T%R M:6%L)RPG3H@07)I86P[(&9O;G0M3X\8CY0;W)T9F]L:6\@5'5R;F]V M97(Z/"]B/B`\+W`^/"]D:78^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0@0FQO8VM=/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$=&@^3H@07)I86P[(&9O M;G0M3Y4:&4@1G5N9"!P87ES M('1R86YS86-T:6]N(&-O7,@86YD('-E;&QS('-E8W5R:71I97,@*&]R(")T=7)N2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I;VX@8V]S=',@86YD(&UA M>2!R97-U;'0@:6X@:&EG:&5R('1A>&5S('=H96X@1G5N9"!S:&%R97,@87)E M(&AE;&0@:6X@82!T87AA8FQE(&%C8V]U;G0N(%1H97-E(&-O'!E M;G-E0G)E86MP;VEN=$1I'0^66]U(&UA>2!Q=6%L:69Y(&9O'!E;G-E0G)E86MP;VEN=$UI;FEM=6U);G9E'0^17-T:6UA=&5D(&9O'!E;G-E M&%M M<&QE(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/&1I=B!C;&%S#L@9F]N="US:7IE.B`Q,G!T M.R<@86QI9VX],T1J=7-T:69Y/CQB/CQI/D5X86UP;&4Z/"]I/CPO8CX@/"]P M/CPO9&EV/CQS<&%N/CPO&%M<&QE($YA'!E;G-E17AA;7!L94YA'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/&1I=CX@ M/&1I=B!C;&%S#L@9F]N="US:7IE.B`Q,G!T.R<@86QI9VX] M,T1J=7-T:69Y/E1H:7,@17AA;7!L92!I3H@07)I86PL5&EM97,@3F5W(%)O;6%N.R!M87)G:6XM8F]T=&]M M.B`X<'@[(&9O;G0M3Y4:&4@ M17AA;7!L92!A6]U(&EN=F5S="`D,3`L,#`P(&EN('1H M92!&=6YD(&9O6]U M'0^/&1I=B!C;&%S3H@07)I86P[(&9O;G0M3Y4:&4@1G5N9"`\&-H86YG97,@;W(@:6X@=&AE(&]V97(M=&AE+6-O=6YT97(@;6%R:V5T2!A;F0@9W)O=W1H(&]F(&ET2!I2!W:&5N(&ET(&)E;&EE=F5S('1H92!C;VUP86YY(&UA>2!H879E(&1I M9F9I8W5L='D@3H@07)I86P[(&9O;G0M3Y4 M:&4@1G5N9"!I2!O;F4@:7-S=65R('1H86X@82!D:79E6QE/3-$)VQI M;F4M:&5I9VAT.B`Q-'!T.R!M87)G:6XZ(#!P>#L@9F]N="UF86UI;'DZ($%R M:6%L.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS1&IU6QE M/3-$)VQI;F4M:&5I9VAT.B`Q-'!T.R!M87)G:6XZ(#!P>#L@9F]N="UF86UI M;'DZ($%R:6%L.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG;CTS1&IU6]U2!F86-T;W)S M(&%F9F5C="!T:&4@1G5N9"=S(&YE="!AF4Z(#$Q<'0[ M)R!C;&%SF4Z(#$R<'0[ M)SX\:3Y&;W)E:6=N($EN=F5S=&EN9R`F(S@R,3$[/"]I/B!);G9E6QE/3-$)VUAF4Z(#$R<'0[)SX\:3Y,:7%U:61I M='D@4FES:SPO:3X@/&D^)B,X,C$Q.SPO:3X@4V]M92!S96-U2!H879E(&9E=R!M87)K970M;6%K97)S(&%N9"!L;W<@=')A9&EN9R!V;VQU M;64L('=H:6-H('1E;F0@=&\@:6YC2!M86ME(&ET(&EM<&]S6QE/3-$)VUA3H@ M07)I86P[(&9O;G0M3X\:3Y- M86YA9V5M96YT(%)I2!M86YA9V5D(&EN=F5S=&UE;G0@<&]R=&9O;&EO+B!4:&4@4W5B+4%D=FES M97(G2!P7-E6QE/3-$)VUA3H@07)I86P[(&9O;G0M3XF;F)S<#L\+W`^#0H-"CQP('-T>6QE/3-$)VUA M6QE/3-$)V9O M;G0M9F%M:6QY.B!!3H@07)I86P[(&9O;G0M6QE/3-$)V9O;G0M9F%M M:6QY.B!!2P@:6YC;'5D:6YG(&5A"!O9B!A(&=I=F5N($U,4"P@8V]U;&0@#L@=VED=&@Z(#DV<'@[(&UAF4Z(#$R<'0[)SXF(S$X,SL\ M+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@<&%D9&EN9RUL M969T.B`Y-G!X.R!F;VYT+69A;6EL>3H@07)I86P[(&UA#L@9F]N="US:7IE.B`Q,G!T.R<@86QI9VX],T1J=7-T:69Y/CQI/D5N M97)G>2!296QA=&5D(%)I2!I;F9R87-T2!I;F9R87-T2!S M97)V92X@/"]P/@T*#0H\<"!S='EL93TS1"=M87)G:6XZ(#!P>#L@8VQE87(Z M(&QE9G0[)R!A;&EG;CTS1&IU6QE/3-$)VQI;F4M:&5I9VAT.B`Q M,W!T.R!M87)G:6XZ(#!P>#L@9F]N="UF86UI;'DZ($%R:6%L.R!F;VYT+7-I M>F4Z(#$R<'0[)R!A;&EG;CTS1&IU2!M96%N2X@07,@82!N;VXM9&EV97)S:69I960@9G5N9"P@=&AE M($9U;F0@:&%S(&$@9W)E871E6QE/3-$)VUA2!O8V-U3X\:3Y3=&]C:R!-87)K M970@4FES:SPO:3X@/&D^)B,X,C$Q.SPO:3X@4W1O8VL@;6%R:V5T'1=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^3PO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/&(^/&D^07,@=VET:"!A;&P@;75T=6%L(&9U M;F1S+"!T:&5R92!I6]U'1=/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&@^6QE/3-$)VQI;F4M:&5I9VAT.B`Q,W!T.R!M87)G:6XZ(#!P M>#L@9F]N="UF86UI;'DZ($%R:6%L.R!F;VYT+7-I>F4Z(#$R<'0[)R!A;&EG M;CTS1&IU2!M96%N2X@ M07,@82!N;VXM9&EV97)S:69I960@9G5N9"P@=&AE($9U;F0@:&%S(&$@9W)E M871E3X\ M8CY097)F;W)M86YC93H@/"]B/CPO<#X\+V1I=CX\'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/&1I=CX@/&1I=B!C;&%S65A'1=/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$=&@^7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'1087)T7S(T F-F8R,C,X7V(Q931?-#$R8E]B,38X7V(U9C!E.# XML 10 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Dunham Alternative Income Fund
The Fund primarily seeks to maximize income
with capital appreciation as a secondary goal.
Shareholder Fees - Dunham Alternative Income Fund (USD $)
Class A
Class C
Class N
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) 5.75% none none
Maximum Deferred Sales Charge (Load) (as a % of the of the original purchase price for purchases of $1 million or more) 1.00% none none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions none none none
Redemption Fee none none none
Exchange Fee none none none
Annual Fund Operating Expenses - Dunham Alternative Income Fund
Class A
Class C
Class N
Management Fees [1] 1.05% 1.05% 1.05%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none
Other Expenses [2] 0.43% 0.43% 0.43%
Acquired Fund Fees and Expenses [2][3] 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 1.74% 2.49% 1.49%
[1] The management fees above assume the Sub-Adviser's base fee. Actual sub-advisory fees may be higher or lower depending on Fund performance compared to the Dow Jones US Select Dividend Index. The sub-advisory fee is a fulcrum fee with a base or fulcrum of 0.40% and can range from 0.10% to 0.70% depending on the effect of performance fees.
[2] Estimated for the Fund's first fiscal year.
[3] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table may not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in other investment companies.
Expense Example - Dunham Alternative Income Fund (USD $)
1 Year
3 Years
Class A
742 1,091
Class C
252 776
Class N
152 471
XML 11 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Dunham Funds
Prospectus Date rr_ProspectusDate Sep. 14, 2012
Dunham Alternative Income Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (Load) (as a % of the of the original purchase price for purchases of $1 million or more) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFee none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 1.05% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.43% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74%
1 Year rr_ExpenseExampleYear01 742
3 Years rr_ExpenseExampleYear03 1,091
Dunham Alternative Income Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a % of the of the original purchase price for purchases of $1 million or more) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFee none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 1.05% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.43% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.49%
1 Year rr_ExpenseExampleYear01 252
3 Years rr_ExpenseExampleYear03 776
Dunham Alternative Income Fund | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a % of the of the original purchase price for purchases of $1 million or more) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFee none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 1.05% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.43% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.49%
1 Year rr_ExpenseExampleYear01 152
3 Years rr_ExpenseExampleYear03 471
Dunham Alternative Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Objective [Heading] rr_ObjectiveHeading
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
The Fund primarily seeks to maximize income
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock
with capital appreciation as a secondary goal.
Expense [Heading] rr_ExpenseHeading
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Estimated for the Fund's first fiscal year
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees The operating expenses in this fee table may not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in other investment companies.
Expense Example [Heading] rr_ExpenseExampleHeading
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
Strategy [Heading] rr_StrategyHeading
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Risk [Heading] rr_RiskHeading
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Risk Lose Money [Text] rr_RiskLoseMoney As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.
[1] The management fees above assume the Sub-Adviser's base fee. Actual sub-advisory fees may be higher or lower depending on Fund performance compared to the Dow Jones US Select Dividend Index. The sub-advisory fee is a fulcrum fee with a base or fulcrum of 0.40% and can range from 0.10% to 0.70% depending on the effect of performance fees.
[2] Estimated for the Fund's first fiscal year.
[3] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table may not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund, not the indirect costs of investing in other investment companies.
XML 12 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 13 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Sep. 14, 2012
XML 14 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Sep. 19, 2012
Registrant Name dei_EntityRegistrantName Dunham Funds
Central Index Key dei_EntityCentralIndexKey 0001420040
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Sep. 19, 2012
Document Effective Date dei_DocumentEffectiveDate Sep. 19, 2012
Prospectus Date rr_ProspectusDate Sep. 14, 2012
ZIP 15 0000897101-12-001601-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000897101-12-001601-xbrl.zip M4$L#!!0````(`!=V.4&B)`R;>AD``.^=```:`!P`8VEK,#`P,30R,#`T,"TR M,#$R,#DQ.2YX;6Q55`D``X[\85"._&%0=7@+``$$)0X```0Y`0``[%WIJOP/6.XF3E[QEF19]+$E7Q77^BI)J??VDPN<`4E$P\$$F!'%_;!_^^MN M`'.0'(JTCE"RMRIK:H@!T#]T-_H"^.R?E].(70AMI(J?-WKM;H.).%"AC,?/ M&YEI<1-(V?CGBQ]_>/:W5NO_7IZ\9Z$*LJF(4Q9HP5,1LIE,)^R55L:,I!9L M.&N9%5/&!'G?Y!I]_M]5FO.^CW!]T#=OS!MKPY>1\8FY7$@&K;E()+Q^9KF^/40)N:;7RZUG^U1Z][1T5&' MOLV;0D>AS-N6^WW9#CS#ID>M;J^UU_,MM:XV-")HC]5%1VL$ MI=OJ]EO])[YQ(,^[W6YO'[K9[U8F'6;QA$\1?L*R>]0[*D];;@&@-&J_WSM< M]X9MT8`U8NP90C0PP41,^8D8,8)LD,X3\;QAY#2)L&-Z-M%B]+Q1H:'E)]N^ M-&&#=6R/R"$J3L4E\*`(4F`]X@?X)G"/9?B\\3K3'+_[K\6<MOWP&/9<`4V7F=`(*ZU7$ MC5GQZBO\W#L\?/+ML<8FPVH]J`-RX+&_I6K/N*1@?DL]5)T_MJYJ^0S0E<(]'9CY"MU9`=:U>/R>&]&(Z3T M0MS<@)4NET?\3%SSQO+2S8Q8Z7)YQ#/PTK8;Z%,Z076TV$G1M=6IK^"YYM&[ M.!27_Q+S[<8HRW%MEXLCGHBQ--`@3C_RZ99$O2;GF;W-XM"4AZSV:4<$+7X< M_)E)+4)L_U8(IF+:`G,/&-A.ZXUV:H?C3 MO*S>8*$(Y!3D$N;_\2TL1QO?>-;9E/)KX/1D%W':WSV6K_9B:= M1V"@A-(D$9\/8A6+IPW;`IK^EZT.V&D5B:/U]/H>UO!$:3BM9BS1L.!Z M7GKZ7P]3!W%S@+"?_0/XPS+$IDN<,\5+KE_!5%)@'=CL1DI/,99)C7\3'./@ M=\4-+$`TGC<^B)3#=LL;2-6//_SX`WZ?>-X`7,8R'K!N)PI(<6V,_(\8L%X_28&?>"3'X$_\D1FP<.M\<.!MO;%^'S)O+8,+CL8"O=Y#X&L'IUU!?(N:>$%C# M^@^'P!KVW8Y`VH-?@L-\GB@9I\#D@`1[)$Q3CP4+\ZDH,'XR#8_!6F!JQ`@9=LP,P@0&](C-H3,>A_BO9G;?93*^ M$"9M,NB7CS6L8*K<,_B'@;O+1EF::=%D/&61X/#\'[B)XK[LM_POTY2VX8-N M$^9/6RQ^3?:AZP1MFK8#N`[,>KP_R%A.L^D[FA\P[9;*U7)%O:;>VFHTE1-!^Q)_M[&-AU^D/C!83,@ M!I.Y-3?\.;>E5YMX*Z&M`?XCUYJ@@.+0M$LK_)=@'I$!)SN_$>/=&&%9-3=^$<*,W%^*L(8RH"J@5`SP]?@:(I0 MB"F,'"$NI*R=#H&;8)Q=O`3C`;J M/6:"!Q,V%UR[>;BA<.*/8#OQ[B@3SA^%]Z;<46?X5+09>.83E8TG=BCP>W'M M<'4-[6!#P29RC,L*,$1J)G23#:E$*DL4]6,FKA+I&^O\7F/($T+=3>#A1E2J59YK')@'>"=>$5&P@8S&8LCJZ<<DVWAQN-]?`82EZKZ1O(F;`B3W#QX.R9M8GT!R M[RM)WMM!DC=D[%[WJ%='\]Y]HWE#SCX\?/Q@2-Z0L_5"1HNHW'Q2XE#*FY`QR%^-#E:7>94!GB-S%@D!8#G[!941+,M)JZ@B1,8\# M6&>P8=5(&"Q,@S^P!Q@\%Z+?P,@%VCX[B-BIA:60'L2/`Z*]0[M&,%RA`EUW M>6_,=??2K?"I`+^NMLO'A^5E!\_K-`7GD#PV>'XTNWZ&I_ MR'Q4Z2NEM8C0-3U3)SC0ZTR2/JY"[;=QC-KX7T%D9:+I'I"\12:ROW_T($C>HG"F=S7)'W@,>I3J*$5M`5%O M%PN(MN'VKLW1UQ&['1K]741CFY3\C:*QMXMH;",CFZ-QB9FIUV(D<(,Z15OQ M%9F*V/C3"![#-O19RV`7T[K;2(O#8V-R'PA$&XO0-XK/=H4MU\"GU/;=E`+O MGV+O79C[@-06PG9P>%"&:SO2'QQP7R6"WSAF7R66-X;9I_A$6(=+A*_E!1ZD M"K$PNUS79CLDWVSWX-M85FO@VPZ`AXSD=87W.Y(W)=)?B>2GX1_VP-D]R`[L MWT%VH"A"8SDT&Y;)+T*YC/%G6Q;PU^0%SGR-C2U.P'"U$>+<8`APBNP$$&$H M3DW%D/*6;BA MJKV2(&)?/#:M51UV20P7\AWV8(]ET1S@/$E7R794Q?&F)\*6QUI74G=O`/YE M.<.&V;5251L*R'>@KTT7,&\`&PCFJERBZH)'F<@K%8MDQ:]KT*[;96IT3Z&< M<'_/LQYBA@)%]ZQ]BM_`AC?EZ1UDI/Q(145GGDS2)H7_-P'(.G*=)6J#.:\F ML"9"N;^+$[B,4VQZ(WQ*)T3O,^ ME:/?K9UAM890R> M%>:KL1;8HUZIQ9`&C&YAX(T%A6BKU;$R!@BK5G04U2SOJI4C=8/,)$QV*$HC M^?R_L?>Q^,VH8,^-BR+6LM,JIOL44Q':)_T>X;QM?MNUA5S$K()&`9?2Z4A% M4IUE.E8@PP_$!=_Z0+K'@7D@2E5XZPXMU0%8C_`]4(&WAG?A__,Y\"D><."! M\UI-"GQO,G`$.)TBF$HJ_(*',SQM(U,LOK-E6T9$$:F43,M4@C;^!<2@@>=C M#$.(&]`:I,0C_VN;'?M#+?E#EKKUH((D?[S'-UN:&HV++4'TLHA*Z7Q3?@DS MH#D2:?X,D!9XWHHT(,=&5/S$`RI]HU-`1GBJ9Q.)9,,;6'"DQ2@"U6B5)[<> M*9ZM6E6VI+0OE')EMTW&Z?JFLKU;TB3M&EY>H6YK^;9@[5R)7^,J*%L/5.TJ M'Z$X";*;AY:W/'9>(>?>$+GET?/[2>26Q\]KB)3F_%O=0+6,`YE0Q6MNT2`> M9L/(=0F["I[OE1$?5+S=[6Q?C6CU)/.QL:%4YIU.=''>LF3OE0NIV:K#TCDN.0859.Z34W7[#)@O6IVGM7/+ M6W&U\E.YI9/7$18SXP\74'I$B)3,FK+'X/,$I1G']D"Q)K^!9@V6$_45*F94 MFWW@\9R-P+91VJPP%F(8AJ,C[P*&:/>4#8@Z2I8"F&[E>JNBD\MK<35":V*S M5W!7/>-HUMDT[+LQEU;(>JLT3"MV2A'W!?*I__ZDW^L]+4@N*4TJF2^9MN`C MCEPG8!!G0EO3TF2T]L@99%'J>0OW.SF2`3&LR4WI!(RX%(S;J,E"F40*WXG-P=N,-(F.E-[,8*F3YCOA;6SL]#" MQ2_`S<,S%ZC(\/22U(X8RR.[L8!UJH-6IJC=I16MD>W)W&:#5O'X84T0H,*_R,+QU9V\@-8L`JP MUM1A+`R(>F.LU2R=-*"G%*^YON2A]7B^2%R?D+'%IJ$66#U0R@,'GAQ[K19(L-N63`FGFBK[GJI""8QB)([LT?@ M`4+1W)TW`M:UYW+R-]"$IUA")5[69$,+3KYQCC..U^B*?.,TI5=I0F42\IM5 M+`V;\NLU^*YRN'`3T5@;B5Z5;:R=SHH-'&V3?R[4 M9WF,:_=<%M\5:>$;I(&*&VEKQS@7B!,ZG>Y868AU4VB*`J$@IQ%`:@71O4.E M8W@W53HOB6"3!:`Q0/2L06?/L:$QRU$`P'O%(4!D_%F[A.LTA@UC(A-4OD[J MF^[$'(68N([A7[0?9L+>-A-@&`@SRN18@,SB%*LDT+84R:G$*6A[3`^&O``M M@L=9P?9(16YV>I,`E]1+,EY80\?C\+5"^>1&B@4).L'SK$.1SH2(*YVXSZ`& MQZ#J-!XBM;2ZZ8(53+H(=!*9#"/PY+&5JSI*^:6_OJ>,421`$V,8T=XZAVK& M[UWX1L1G]L!MZ7OL`A9`Z&B.A`XS,($P'3"5EU;5CE$9XZ2:SJDH0HN+^G-T_ETJ**EVZ%: M]-HH4ASZB,0HK;/)2-1[3_:N5J6E&28\1-EH8<-)WD527I9U84HGRK)':@207YX[P]9JP9MVMQ[2-D855MLC3$QSJ)2.C,6 M8^X,,>DN2?*G>Q=(;+,W*S&DG_3P^-.57R4ST$<8H!/OO[FG(`K`&IK.(R,9 M^D)L<+N:8]4@`@7N1.`K_-];O+QA6U'XJ.+6:TD_[CC"'`TNS!IK^]AY*&3` MH<:,X?W0OU^UHKVQ.Q7@!ME7IGB'0?5H/[ M0U_=YW[7CX_&KS2%VU5QDTL3<9DEFJ+)3""2E!PSC`$(G>(U;SY6%9>`"#L#5U$4`Z'GVEHO,2[)65^S$[>O#NK M9NQ`M2581L\)XX$7U+-8ML*@P-V[;U@RYX@'!UF4<8`XA083HCQ(<&$J5TR5W^"P(#URCZH84] M33$Z_\%&-[8,_M"K-C!BO)7O@E^P'[SSMT_,E':1Z]Q5`!\=7[9OC3`5M4X'!R0=Q1C3?N(1H==:DFE3!:>9*$&]UR6Z_ M=NC[COM]Q]W-';<0FQ5R41&<$[J?]H%DO]?K>^IA"/I6:.L<_KU+_V.]Y)(9 MT'UAX2K2]_N5W0@_N-_R*EWIRNR=KK3T&R?,*Z#GRT$5#WA#F=!XI\3W@T'7 M/TY1@I0AILL!C^\G5+8]"D2W[B5Y8<\) M0?KA<4`1A[QNA91"R^9.R5-<3%^YX.]O7(-9Q4X339FGM_F=CD6BOOW_% M?B%KMU%)&#=^!6SY4%Z+%;=X*8\`&C7848ZR&<3<4%`XI:*41 M9FE6S-"63=!UDO;G,"CK9=U2O,*U:`GL=X&A#>\H5%J.2M%C+-(0%)BA=(MM M(=P/&Y5KNS$XW8(/+2KU$=ZG!G?]./C!&4_#N?.Z/N M\[0C^A-,V(!5.=..`2O#?FE@6,H`P+BJ'[C!*;QW2;[/198,6V(TO_&KR[55 M\PU)-HQD@/%[2W=2?E/$8U?C8*-<]KP2BS!%8>A2D MIG2+;JRL0TA.7Z_[$Z4DJ04=]W<'_N(5!4YVL/+K_8.?L"FBM:J2HUSQ,9'@ M[:EDXA,W>430UC[(/`SHG,S*K:G%I:C-A39%7E*%(EK\ME2D@O4CYP!1`([/ M8K-0#-$.6MJ!>S=2<>L]#?#"+"7![SK.*[V.=P[7AE::>S(!4% MXO+`/L)`QZ04]$@.;UD-+`YD<]O<3#!O.',37"Y(P6!!,%'*ALP,25U1^)2? M4?$JJ#R7O&`KE*,1NMVH6BPT5*E"0+@YA>6[4DC`W:^@4Y[+P`QMOA9\^DSD M:.K\FT5"*$R7HU.ML#$3J]A2C('P\(+G!\9GKG"T((<*>SBFW-/J7;X]0>R6RU[%<`XOE@Y+Y\#W^P2WJ$ M"8?G#1_D;[BGZ!4\;Y0\ALNACMI*CSM@->U9IP$;-JASWSU,I-(KI3"4]IU. M-)IL?R_]'KE]'G'@P^(`]>&7:!@U6*?2M9_YL:X.P77@NX&/5TS;M>A@>73+ M]^A?1^=T:1)N*/6\X7%MX46M%!QZWNCM\"SW\EGV%V>YW3(]J5FF)[NP3$_N MQ3*MF>6-+=-1S3(=[<(R'=V+95HSRQM;IE[-,O5V89EZ]0#TZI=I.P#Z-0#T M=P&`_AT`L%<#P-XN`+!W!P#LUP"POPL`['^5IMH.@(,:``YV`8"#.P#@<0T` MCW/XN8!\H@Q#H_`;DN!=,TP[]*"W6Q+_JTM"J.WV6`/E\&1,`QQ)`Q0K"&- M6$&N]0(-_4#OV$4?`@$-?X&VP0$5ZBDX0F["+09*)X*D\XLJ(29@OQ47NBX/ M/)P(/?D#>=4>](;E%%AR<,DO5_#*!PTMAP:#[I8"!3_LB%P%3V#/N@*2Z-"M MAZRH22O-22XJS04+0+8L0QP.VC<'E0+&HH&>B8$J=#0K#YCP0!L1P#.J!GJ@ M84J@2PSTS($,%)>C;M9$]@+(\]AC'$T,-%@`%+?1!\4ED`$`4$L#!!0````( M`!=V.4$M-7H5Z0(``/,+```>`!P`8VEK,#`P,30R,#`T,"TR,#$R,#DQ.5]C M86PN>&UL550)``.._&%0COQA4'5X"P`!!"4.```$.0$``-5674_;,!1]G[3_ MX&7/SG>!5'2HP)"0VB&!)O&&7.>VM4CLSG::HFG_?;:;=,W&1]F&$$]-[7/O M/>>>Z\2'1ZNR0$N0B@D^\"(_]!!P*G+&9P.O4I@HRIAW].G]N\,/&%\?7XY0 M+FA5`M>(2B`:G[L1V'HAVBN M]:(?!'5=^])B50/UJ2@Q;JH=$V6RFSA7UH1N=DZ:RH+W41;$O2`.HQA%83^. M^W&*AN,-;4`KD"=5GQ.RF&A M07*SL81S,W$E6.P7J#UD67R]/.^(S5V,'8_`;@?_H4RPUDQ)0:O"M7=D%#8Z M;9&7)K#=95AIX#GDFU6F+0';Y#!!&+7ES..Z(K)IT*8F:HL:P/=U8;15&:U+ MNZ`?:[.-]$+0#HG"CIF07:^;'KA94D#]F5@&4MIC%)I?:WZ(PQC'!\Y^*6]: M)A?FV`^5,H>[35B0"10#[U[,S5Z2'L1I$F=1+TM[^[TD;2UZ,:9CPLD,[+OL M#![G^Q#2L4ZC/<,VR:+X8*^WO\5Z:[2&LBN`2-I6,8]_3%OWY#:(0%5EZ;)A MIJ%LXZ=2E,]I:D-#/%^8D#E(\Y7P4*4,7[&P7$CAH1K8;*[=S@M;=LJ4EFQ2 MN9[R_`KDDE&(XDGTE(6[1G:5)V_/TG\2VE@7R`/`-V_@0?JO,O2^WWQ8[86;F=G%OI["NYO3M>?GW*AMGT\><74@F)--W[L`V M]YG@MPN-O=UN;H?FST]02P,$%`````@`%W8Y08):*SR""P``8M(``!X`'`!C M:6LP,#`Q-#(P,#0P+3(P,3(P.3$Y7V1E9BYX;6Q55`D``X[\85"._&%0=7@+ M``$$)0X```0Y`0``[5U+;^,X$KXOL/]!X[GL'ASYE>XX2';@)#W8!O*"D\', MGAJT5+:YD2@O*24.&OW?EY1E.[;>M"TJ:9[B2$76QZ^H$JO$Q]EO<]2\$;`F8A;&C=_^]?>_G?W2;/YU,;PV;,\*7""^85%` M/MC&"_:GQB7U&!MC"L;HU1CB9_"-!V_LOR!^):K?.#[J'+5;K:.6,?7]V:EI MOKR\'%$ARR+1(\MSF\U(VP5BO'9>+E3+BZ[N7$::/7)J],W.L=EIM3M&NW7: MZ9QV>L;@9B5YPYLRQOFB#B9/(Z[/X'P0=MYX`W`^HLZ11R>\9*MK+@4;"\G3 M.<,;TB_=I6S;_.OF^L&:@HN:F#`?$6M=2E235*[=[_?-\.Y*E*NW_97L6S3' MYN(F%V7XE(6JKCT+^:$QKR27JLIR&_UVWU1T:]744<: M8O8T!#^@Y"%P741?_R`.&H$#]E5`IL@=.#Y0PEOU#%]YWW3A]X#8#4,@^&/X M=:.A=EA`]")3W#9W5&'NK:VB']B!`P]3WLNGGF,#_1V`[=Q`F7KWWZH!(0%R M1.UW,Z!<(9E\F<^`L$PDM_!2KI$[J-E_FR/-7^9(%'^DB+"9Q_;09W=2L+]V M7F%F.1X+**P?GBOP$7:ND(^^."">J]T[\![4E&SS6T?*P#J:>,\FI>*]T.)_ M!0FM9JO3[)PLS`T4`[LCSFN\/=M5+,P7%C@PJDL'L3*@0OD5)D2MDK"V7Q'+ M-X]X-QR'B*:\"FH%(VC:F)M,O.\;1J0H!D_4@HEOX\UV/&L#A2-&FA[=Q8U1^NV>QPTSL/R`/:+1 MVL8AP/-&DH`I`\A'^7<,$.5\(9_IU,,=L"V:BQ`KGNK\,Z"9BWL^6-45=3M)/>I0/_'C\ MMJQM3#TWF;U(O9<">D:Q1_E_YXU^PP@8Q^/-!'+D*")^`>XJ]U^MW_RZ?AS%098OL'V8H'$-NS/ M*!FCZXU;WQ[X[U;WI-T_OHE>-1O4YPD?BO7-MU\ZXTF]1M"=AWO-='L_W5_F MM1-&SN'X.,&Q9THJ74]Q[M=0$AU-HH1BSUZ@QT2,QZ&_*Z8W M/&*O50^O+L]^8G,4./A+\;O]^?-)MX"#CPNK=/`9W2CNX^/0]^?CRY/=*T-V M3PG9<8EGG$`8CYE-D^7'/GB1S(+;##$ZJ M]T@'&QND1$.8+`>]R.Z<6A[Q8>Y'^>'S!H.)^+&^[XA4^7G#IX%LRD#&'/\& M)#Z=9EEC):+8S^2:)0&RPBY_-_HO[R+X&5(ICDLH=BZY#,<1UX'@>XI%FO"1 M/UX7O.JG#*;CHI52WMN!\CCT.G#_`-RQV0793Q*NE/_C'?A/`J_0`M''UE3G MLGV_4IX_E>=Y&Z]Z:F\1I>'7A8RNG2%:*>&?I0E/@JZ0^ZUI(9(5VJ`_LX&V(:O\IVZ/44HM?.G2U:;=VE)O$Y3 MH2MD/F.:5M[34*)HM;:1"&M+M$7]VSF:998W_MD6J]8($D%L"N[:$%YB5)11 MHEHS2$2Z^4VHC47^Q/YT"#:XH?H\AU6F;+56D@B.RS1&Y;=;C_ICS\'>(V^* M]PPTU6NE2U9K"XE`.1UZG9C/>#*R9*ME7R)\S@*O,K;@6'V8O*9V^)A`M4Q+ MQ,TQQ#6@M\A+.4NV6M)EPN8,\(H_:V5^05'4K27BX@VTBBDMTIW3Y*K]2"41 M`:EEC*O)( MY(A7:PV)T#<'?[XASLS-E0Z[K'Z06:?XELJL)0\=HVDLZQ<_URH,H8-?^IZ] MQN&'7N.@USB\CUGWRF?"*ESCH*?3Z^GT>CJ]GDZO9V_KV=MZ]K:>O?U>9V]O MQ4#I4[A3!97,X\Z!_5$F<]^@.78#]P$YP$0V8P)?W7#?E3MR'U!KBABPNV>@ M=^,Q4$PF]Q1;"2&=9#5U<%^Y-I9LF\)'+D)\!1P0!?L-\N*F+%:X#BZQJ`&+ MM4B]V=[B(T/`Y!F8#_85?L8V$)L-"/_-&XI'@0"VZ'O^-/8ZVTN-BF>XRSZA M99NI\IO%:M(!;V'"IXK-VXIGO!>SQQ9FI9-=N'\F$TBD=N.FXBGNQ8C=0*PF MI;W#KG1%,]S=S0SW0F.8NC96.HVE4IWOUOENG>_6^6Z=[];Y;IWOKH43T?EN MG>_6^6Z=[_XY\]VQL"@]XYTAJB3GG0O]XV2]"9J$0$2P+?)``\;`3QC0I$LJ M=D5%;97>`(7/R-LTW(#8#T"?L07MSJB=9X_B)15[KZ+V*=X@E3Y-9$F7#YP-CZ7X`IV"*7%>8&B5W$%`6+*4XH%S5,P=:H7U>9:1/E M!H@GGHL:0([M0V2@I4X**9I[[FWFGB-=1J3,^+Y6]T-GGG7F66>>=>999YYU MYEEGGFOA1'3F66>>=>999YY_SLSS9F"4GG9.DU.2<\X&_5$2SINM_`\@VFKG M&68II=CS%#)0,O+:/`LAH&XAPKO*O8\LX=VJ$S)[.,RT:%KF1)SSMU*W==+? M0J7%?L>+ODGE[5K5NO_0FR,I%V'4^0?7>KT65./M/KT.MZ/)I> M@7X`.T@$ZWKM^6&_ETD$\GK5^7ZHEXC(:\;SNSN%5^H,-7T*[[[8E_EV7,]3 M>*,'\8(">IIYO/EB'KX7D`Q/DRA;+?_RYX$G@J\3_S>1#WD`VM52UEI*) MN`LU0_WSQ6X]_]*C%!R.R'[TAHCKOPK@T=L>!*8/L$I44:W=).)UB3:I-V*T M'"[O@_FV6+7&D/]POHV[-H27^(R>4:):,\A_3L]H0FTL4N,EQEV)0%RO+Y9F M6S[V+KVX^'`S1CA*'R:OJ8X])E`MQQ*Q=@QQ#>@MXL:S9*LE72+$S@*O>*IV MYB1M1=U:@QN/P&LRU6]N5\NP1.2Z MA5=U9_:(S2U-&1YCL!]\Y`<)D6BZ9+5T2P2+76D`@\<_#7PQ!W)`P5[N@U ML*0=(%(EJUUS)A%]ID,_W(9+VR98;($-%*\3D-G;)AVWN+'$MDF>%8B$N-C8 M>E%<[WJD=SW2NQ[I78^4[U)RV%V/]NIYP^TF"CO>SI;C793^$'[WPV\.5PP``$F6```>`!P`8VEK,#`P,30R,#`T,"TR,#$R,#DQ.5]L86(N M>&UL550)``.._&%0COQA4'5X"P`!!"4.```$.0$``,U=:V_CN!7]7J#_@75; M8`88QZ\$.PEF=N%),NB@>2')HEL$Q8"V:%L=B71).7'^?4GJ$4DD)2H9D_X4 MQSSW\E#W7+XD6I]^V\81>$24A01_[HT.ACV`\)P$(5Y^[FU8'[)Y&/9^^_7/ M?_KTEW[_CR^W%R`@\TV,<`+F%,$$!>`I3%;@E!+&%B%%8/8,;L-'E(`[LDB> M(/\F\P^.#L8'H^'P8`A62;(^&0R>GIX.J,"R#'HP)W&_G]7V!3+NG=O):KEI M47*:U4SP"3@>C(\&X^%H#$;#D_'X9'P(II<%\I(W91&V0Z,0_YCQ^@"_'IA] M[I4(;F1X*X_&Y%T4+/(J)T(.P'&"U%<$0-'_N\DK2& MOV9?]X``_7[[K?`B/6S8@*MM">$Z=1+!&8H&A_O>`\*@S1-D$X$+#T M6^&@X4JE_L45EDZ%6S*O.(S$Y294VV;IBZ'YP9(\#GB3N9R&_&]?_.T/Q_WQ M1]E:2K_?ANS'+4HV%$]G+*%PGN0.93,^]PR804%+P*:TR@W2>>Z&?VQI:H88 MS`G7WCKI2X^Y^8*2V$@BJY(8`-^C651G6J%)$2,;.D>=8E)FUW2-TMIY)G&4 MZ*<0[O]^U_M5``SK'^\YS756J,6NPVVB9Z(<[W,68CU%2O1S2%`8/8@O#>(AB0XQ\$9 M[Z(:FE3#^0NXEG`]\A60%PEH&)BUD((!1P,!]RB+LOTG>C8V3L'YDH*! M<%4+-9`',6@9*&K(4$#"`,=YU,.4=U2!Z*R^1G"I:5>MW'W\M03SN%<*G<9; M4[,2YP(#!&@/)@5R8?AC.!R.#CFAPZ&(WWAX/#J6T:L4?3_; MX!6,OVYPP`R[.!9XM]&U;H"(=BO86?0MF:AI+I%@(:#@(0?_QW&:W\-9U)CG M&JGJAEQ_RY;>:S9M_X&@N`O2M!]90#QNV=9H*CNV6;F? M#=M*Y4W[M>`A@[K)V^O9?],9@3'(*L)YC$TDLQ#7BUU&6%^W$N`"YBN\-S2, M(7V^1]OD"W?]HZ$E*M1?P$VTZY&OX[Q(0$_"K(4/(+,`#\(&2"/'NKA#/!*! MI3)T8'_:,%.OJT-%>M&'B4:30@H;]QHYWZX19N:!H5[N7`EZ@EGPJX4NXZVK M60EQ!G(\'&2U7D%*H=!70](W0'T%VDR[&G,5YR'\)A)&)10&[C/];@4I6I$H M0/0K0NP4KL7.H=HT$\ZY()H)9VK0@UQ*H8F!HH,2&`@TR."I'+P(02Y'&_J( M%KAO6>CIZ]51Q7H4B8Y(NU8>I)FCN>,:B8X*+[.>R]Q?F)'N9XTMI/,IHP'F M=+[8R$&=+.9PD.-]]!Q3C#;Z%X)+=MB5*'^9K`ZNE6)Z]5C(>)JXZ`<=*:@?TL8[+* M.ZQF&BP\:\)V;6.$^U-*YY5.+AJ/*YYJ"_X5)JM;%*!8#IMMXU476\^JLFF8 M5E]-AOZ4ULZJ37,?@/`!7IPX';5N"$T6)`K)_89B\HBH<>`R(]W?-FTAG=\_ M-<"4O`X,15/@C0^;^/W21OS,S:>GJYI?Z[&<7:+*FTRVX3S$M;6C-:#7`?; M.I-EW#UF\1=(3U>0)E,MTS=!.1%TVE'2R/[?S MS;^Y8`3ZOG-K^/4%`\KCW=J6)_+K]VG=/+E]";=AO(GO8(28Z,26Z%N\)@P% MU_B&7X859(A=\S7M]6*!*._$;F@XUSRQ_THWSK7SIN9FRGJ5#Y>Z>P-!1969 M+R"=@=0;R-R)'QDJ'()WD`$(UHBW`2>0H\@"Y#4`6<7[NJ)_RD5($&7HPM.5 M>'=!8/"^Z8+\75P'DE^'M?8Z[#*SSQ"OFJ*@=`WL\]G.V%<6=VE:-7=M+#UD MK#TMHSIS%S69[F]N[J[-:6J6LC!9H>(/#9'%\6$NLW>\E7!MRC$CX@E*#@+'\,`B5-^F'_FTXIPMA%WJ-+.C#>0 MVO2%73WNP6C]NHM@'+B[N?,[AK^&J]T@QK7]XAH4ON5RMN)=Z4?V843?W751 M!W?C92+"=_5BN=E!+&Y.\R6#9B.L6NQ^OU!'+]\F+)%JE*''[.$JM6LWS)BG"6?B4 M1SG-VST-4/_/8QNV?(PXKT]DMVS[J`_'NMKXP7P`E[\4A=)%\)0QE##=D&M" M>I@0-I,N)GIZF-L)7!,'S00DAZ>'-'0KMM2!CSG76YKB1,WEF1>?^]TA^LB7 M):N->0KQ%_%R_:W'7048#$>^.EL;RB-)TI>A3GI),S)/@C31'DB23H=++]0!'^L28B3LY#-R08W3%6U6%\J M;2!>U:H&Z$&Q1A9&W;Y8@,+$Y6_=*,0O0RR>-/@FGR,0F^2W*%UI36-!SJ+I MK1[\B\FRD2:)M9A[%9X5-PLY?@"9)_#B"N2^P$/JS=&/=)4WRJ[0DUA]R+>( M7N-SEH0Q3%#;1K#1RN^N<$MC=%O$!A-O^\6-?%IV,3\`;BT7DQ]`\5K8PH6' M;I!=D>244(HB\=C+/;D5KYTYVZ![4M^K,J^D.[CPMA'4N9FU?2)K>Q_;2!W) MF7>9N"/PX@DD!$A?@#L3_VBV(!TJ5AP+O2`,71*LO(A.+?9R$E>A5SJ`6Y2Y M/G=;JUA_W%:`@$2Y#ND5P4$HWZPMWF]]E\!DH^EKS$@_1ZX;2)SL1H.C<=B M.3[=;R`4"!.GLBC>H"//99Y&D+'I-M3)PHCT^-8B/6GE]455F)_W&.DXZ`_' M`HGB:R..\P M=N?ZNAMRUB_1.Q6?1[_\\G%RB>*9SS]7DFZNJ[\^K(G:@SR-YI"34_ M/6Y#1WU3<@$##REP-WK5I=5>$S8FV.M8RQYAZB;+#KMDV>%>9=FA=98=[E>6 M'=J)]G!OLFP_"'?-LA;6,LM.W63949K7Z`EC,YQ$B;/FI6L%N'^C>H&DOF[U&O%3M^BKJU;71\@ M&J*?L$A]:[13HMIEJUKL/LXZ>GF0RV5.(ZQ6K-Z\D!!/JU1+CJD$=SJ>W_'/ MP\G'T;'->*Z"?8[G)NKJ>%Y'>A[/]734Z!$YB)&]7EAN0?;[@-?+_^7_\PPPRQ/_Y/U!+`P04````"``7=CE! M)38]>PH/``!]"@$`'@`<`&-I:S`P,#$T,C`P-#`M,C`Q,C`Y,3E?<')E+GAM M;%54"0`#COQA4([\85!U>`L``00E#@``!#D!``#MG5MSHS@6Q]^W:K\#ZWG9 M>7",;XF=ZNQ4+CVU79MT4DFF=O:I2S&RPS067H%SJ:[Y[BMAE!B,X("-)9'M MET["`>FOGR2D7N6<]81JX/CEI=0_LEH7)Q'=<,CMI+8,V"B:NV_KE M'W_]RZ>_M=N_G]U>6HX_6@S#Q7&G\_S\?$"Y;1";'DS\>;L=IW:&`O9T M=E^4++OU[<6]@G5Z]65XQ*5.WV-1SR?<' MEI[%RH,$)ZVU#+X\4._`IS-VI]WO",/6RO+X)7`3UL]]8=OM_'YU>3=YQ'/4 M=DD0(C)YOXL_)NN^[G@\[D17F6G@'@?1_9?^!(41H<)\65(+_EM;F+7YG]K= M7KO?/7@)G!8K`\OZ1'T/W^*I%67@.'Q=X)-6X,X7'L]X]+='BJ=\?\03]=Q+5#_']*G,\D=,/7+V3JTWDDX[.'^:7@RWSA4\:Q M9?&$?[O]DM#G+,DCFO,:T>&7.]6>W-FYLELW^'Z+PR4E=\OY'-'7WXB''K"' MG8LHQZ=>B"EAV7G"7UA3FN-?EZ2DQ(I)[$XKK[;.TL-WCZQ1/OJ>@^FO&`=; M"ZSRW-VK.B5DB3S^].L%IBQ!,OO\LL`DR,W)5_Q<3N06R>Q>8>'ZPI/B]\5S@$+G>!0J1Z!>V;Z';)U-25FLNSST4!-?$>P5F M+[+?<\EQGA5+;W5KG-L%Q0&K$]'KZ9)E+LXBO[&&U]UZF>"7$!-G[:]NR-.T M^;^NU;;$D]=_1,2Q5LE8:^E8/T1*?ZY&"DR7YT\2J7E\C.+3;1!0^NV]*$\? M@I"B22@>&+T`3UJ9-M\.^X/#P][('@Z/1N,>_T^4?\FHW![M\##5NV]UX#/43^],W49#W+*54SM.7>:9'@^[A ML#_HCX\.1X>)3*]7FU.:%(#H1#R;_;A1DY+#OMBBLV!O7!*V)X^N]U8CIM2? MERG2.!,^4(Q/V?N=S2I:UC)@6?077`QBGRD-5;,Z0:SK+"&Y;`V MFPV0NN6)5,<*>A@A7W=0MGKE<-PF_HGD6P2PSXP&"1<7\^MKR.VLGQH<#L?#X1Z;U#UZ\'+;5&20K(9==8VJ6FE*&IA<&F"NW5/T MZKK$,^2MQKNG+VZ0\=)*66C##ECVR7<51(S&M%8YO_#GR"72V=CJLC: M-07+D9)#"4\QI=BY7!6,-.M1OEGW'N#('B%YP^8YG;O M:>-D0?1,8EI!6(Y[JRKAO;T'HQAJ%!G)Z%5S++4A7+IW+2L*X+RLKQ6>\Y^[ M1T>C/J`5IHV3Z&18-(`M5E1-R4##PW>,B`OWX`L=%0#F`<.`^\?P3 M([[2.(].;*(3'&!92_CD":IQP00-WZ,MIAX?^Y M_CW3[C]A*NUF99:F8RRE2T!3ZW+9R').>Y3;-@X7"*I`@::ETJ M/)>01I1MUP1&)1N/6F_*&:+GCXCR`S1N,(W.M"`3'`U@I6VJ^![3,594**+@ M:ATG:SF&-,1<<]-!EAC5?E!+#U0L_;@M>SVI9X/O_Q/0F+I\'^ M]"-_SUW)TVV4[;D;'1FPYTYA4ZI6FLEF!9"F\2ZN+??NR;!S1.HO*M5L>>N27`![]$/M.?.2+)058;ON4OY<^0;[R2&>I(&CI#* M:-)B"]X5>G'GR_D=\G#`W<`SS(^0#K!S36Z6=/*(`AQ\U@EO_:[XN"`NXKRN%0B\_D!N;E*MJ:RWAO&<@KJR M+IO<8I<\X2#$SH7[Y#J8.VD)^YD5J?NPY/I6[2A\W!@4[N")3:I5NRV$&D:7 M>XW1OZU49&69$9I?O]R(2E"L2#K`K'VQ+7L=DAG.!+%VL1$8BO24V3M95^AU MB^\202.Q_60D=I5B%&*UWM*T1*(-B,L.^KVCTG;,BZK]D,'D+(O$9?5GU;EN*Q"3M!BA\9EBRE]D+BL44PK"%,> M+%`>ES6I=RTKJBEQ65T8`8J\6ERVOOY6_[ALD^#F"53>U:J(RS8)+N`]^H'B MLD:2A:HR/"Z[X>*11V:EILER&6E"&SA**J=*D^@L0;/H>[O<^2%V/S9P2YP[3)W>"N[V';E$E@-[9D$JQE5S#(ZA1 MO$X465Z=D!@VI`J446=X(/-T\M^ERS+)W>11*(HX$/Z@VQI2&ZIKK75LM[=C MC'(K0F.IET.<%7`MA=@/D2='7%>H-GD$TSU%)(A6F>UDN^P@&:2-T[+BQ*P? M[\G]V8`0;;39LVMW1P9LG578**N5)CQ$6SQ85QWTVS)$J_'T>*,;A8K1F%;E M$*U"3M!BAX9H]S$!-B)$:Q33"L*4QPV4AVA-ZEW+BFI*B%871H`BKQ:BK:^_ MU3]$.VX0W#R!RKM:%2':)L'-$_CQ0K1&DH6J,CQ$FW3RR..SV79Z<@:.CTI( MTB(RF\SO?S"B=K<(U,I*)TPE2CV'5HXNO6:BNZ#Z_<-<+0K;*'52A/N:"_NBE6[;K=TM&L\U-GH5J%B M-*95V=&ND!.TV*&.=BV'-RH<[48QK2!,N?='N:/=I-ZUK*B&.-K'MB:,`$5> MR=$N!'Y$1WNCX.8)5-[5*G"T-PINGL`/YV@WDRQ4E>&.]LW/JVS2+?@$BS9\ M@>,BH)P:G>N[F7?>XAG?]H%(^!7-TUX>F9E.Y(`@LF:B`%$`O\$>OLKT5CDO M4)CKB>/7C88#4P.89^SG:W4K;;E?$$R8F,X&)@C0Z>UA1]?#'ZP2N4_R;]&E M+4R'`]*3,])0P.:&NG-$7W,^,2-QT10$U,Y4@'*I"/;4I-D^JZIK(""HNQJ?U2<>H8VW,4 MY4+BTMBP,QU8"54Q+;4?*M;FHPP&LMZ=:#&5SOK"L0F;PI5\D,'<&E-9JJ@G MIIXWH_G'&,RM4;O5+ZJ9J2?65/X0@X$5H%B,H*G6YU3IBPP&\BB2(F@H]C*E MST"1#M-EEJ9S*J5+0%/K8]KQ$7T&0BNE2T#+\BV9\!;;\^%\XYYQU6$KG:)Z M9#FY3*@>.SV6ST#X960)UEF>,1-8[^U`/@/K0761HE9D>>!,J!4[.(K/0-[E MX/:V=JGE'\)7W\(6GX93WW/]>U8Z/M,JC4[)+$T'74J7P*UX-5(ZRSDQ*[EM MX\#E*Q/HU"Y9BKN5,XK1]X7ODI!OHO67)*=3S;`U'5U)90*=:M=2*M-7+N%. MT2^1%Y3/%F_Q:HQP.N=:`$`+GM`XS%7T"OB*/5GKTX"O^)D/`\]0%(3['(3N M'(6X:$XDN2LINF\S\]\)-M4,Q-F:Q$8-4Y=DW;$""?'L5?KB3!DD"V%@ M'%B(',%4K9-(Y!3RFI3;-H474)E`IWY?6^Z.MH8TIB(I@H9:OP_/):019=LU M@5')QJ/64\,S?.D'^,HG^#6;TMOE)L#)%R.8J'6R1)7()PZK0C1PIRYV[EBQ M+C-\*3++I+BAD:3`N@0TM9Z1,T3Y4M_PE#@WF$Y].D=D@J/#&:0OI^)[3`=9 M4:%`JM:!LI9CR!LMU]QTD.7%"89J_29K^;XFT=3RFE[B(.LT/(EE@\@5ZQ+0 M0/O?MCF0.4TPTIX^A[F5*$[9`.4?OY&(-=;Y`X5Z M'Y(\/E17^<%%#3@16>@H<\;NSNMZ=,(6K((/;;N7JN"KN[4X2%1NIO^YF0HK M=%'IECTAL[A.ZWJ(XO8G9)J),4_*ASP+TTR,>5(^WJF7FC.$YG\_WX.O?0#- MORD"&V,,Q""ZW%=*:AZ"5#NG4]_S#7G?H=D$4CINEF8];AOV@6V#_*29M?Q3 MAZ?Z@`+,?OD?4$L#!!0````(`!=V.4'KDX[,V`0```8:```:`!P`8VEK,#`P M,30R,#`T,"TR,#$R,#DQ.2YX__I+_S?7_?YQ?(5B'N4I80I%@F!%8K2@:H[.!9=R2@5!DWLT MIG=$H1L^50L,/24^.FF%K<#W6SZ:*Y7U/&^Q6+2$EI6E:"OBJ>N6;!^Q!'30 M,[2@NAHY+YDYZZ&N%YYXH1^$*/![8=@+.^CL>B5Y#:Y,Z6%1&HMWB8@9:?N!]O[ZZ,7).(=A;3D1":^*ZQRJT/ M@-,K^"?RI35!M]OUS*B#%!8SHC[CE,@,1Z0F'N=LCE,=5..VWPVZ%CNBMS[X MU`'BCO]<)2@(=9^1*D+&_EQZ=D#[T77]P&T'ZS&*55VC]/C$*P:M:$SH$V3H MVP(J1%U0DJ@UXW>>$-IFW_5#-SR%4DZ(KM1++M(AF>(\`3O^SG%B2L)!6"E! M)[DB-8&<52)0&@CU,6-<804E;/YU3Y91-N7E+W3H7/0$3\A7"`/2C6_CT:ZP MZF%/5U*<)^2,,:"[S%G\)2,"6-CL8ID1)HD<&I6S1!'!8.".C&!JID3+?B8+ M!]%XX!P/LW+"NA&3*674N*LKQ&\C%UD::!9,2*NC%1>R9"#P4!"B-4944!JE MQ[ZW2;-I00X3_PM[;]J9(!)R:,)_!1VE=BFR3S/"290G+U"L+-NM5_;:E!]3 M"<-R01U3>3LF*A?L)D]3+.Z_L01/H(;C/1DLJN`XB(,5$$!6+04T-8M7T*"2 M!SVLF!Y!XO?])?#'6PEL7PQNYK`)SGD2$W%)]L[<^NQOH'49EPHLK''-]+F5TRKZY(-.!4[M/N?;B]`.,:,&5Q2?""=@I??O M1P!.A4TC8`Z2K^C\E<9_;;^AXIOZO3E)7LG]O]9H7CL*,'N;1F%CPK]2$,XK MEJTQZ'OK=WSXJ[\!]*E981';^NZRZQ6H>&6ZXI$!VJ.B_URKY^HN-PC==M!: MRMC:V,2$*@C-3+!ZC4W8]RJSPX1M*O!U*]4&U+O>I'9P*[SDC*=0+ZTU]1G& MF='V2*(J0+<";&R1@61DII\O-?2I"W'=8U@M+PE$Q4R1$L"M`)H9LOFH]L*H M,,Z*/\#;%93R"NXJD4,E M%VN1>8+M@0QELY$BJ=[&P:$W3H'MR3=()$=:)+?U;/;!EU8MYBBE[MA-'&7VNV\&[=Z?M MNM%;^G]"HSL[C.[\S$:?[##Z/RJ/OE?,>FC^`U!+`0(>`Q0````(`!=V.4&B M)`R;>AD``.^=```:`!@```````$```"D@0````!C:6LP,#`Q-#(P,#0P+3(P M,3(P.3$Y+GAM;%54!0`#COQA4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````( M`!=V.4$M-7H5Z0(``/,+```>`!@```````$```"D@`L``00E#@``!#D!``!0 M2P$"'@,4````"``7=CE!@EHK/((+``!BT@``'@`8```````!````I($/'0`` M8VEK,#`P,30R,#`T,"TR,#$R,#DQ.5]D968N>&UL550%``.._&%0=7@+``$$ M)0X```0Y`0``4$L!`AX#%`````@`%W8Y07B:2*M[#```298``!X`&``````` M`0```*2!Z2@``&-I:S`P,#$T,C`P-#`M,C`Q,C`Y,3E?;&%B+GAM;%54!0`# MCOQA4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`!=V.4$E-CU["@\``'T* M`0`>`!@```````$```"D@;PU``!C:6LP,#`Q-#(P,#0P+3(P,3(P.3$Y7W!R M92YX;6Q55`4``X[\85!U>`L``00E#@``!#D!``!02P$"'@,4````"``7=CE! MZY..S-@$```&&@``&@`8```````!````I($>10``8VEK,#`P,30R,#`T,"TR M,#$R,#DQ.2YX`L``00E#@``!#D!``!02P4&``````8` ,!@!0`@``2DH````` ` end XML 16 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 5 48 1 true 4 0 false 2 false false R1.htm 000001 - Document - Document and Entity Information {Elements} Sheet http://www.dunham.com/role/DocumentDocumentAndEntityInformationElementsImported Document and Entity Information false true R2.htm 001401 - Document - Risk/Return Summary {Unlabeled} - (Dunham Alternative Income Fund) Sheet http://www.dunham.com/role/DocumentRiskReturnSummaryUnlabeledDunhamAlternativeIncomeFund Risk/Return Summary - (Dunham Alternative Income Fund) false false R6.htm 001408 - Disclosure - Risk/Return Detail Data {Elements} - (Dunham Alternative Income Fund) Sheet http://www.dunham.com/role/DisclosureRiskReturnDetailDataElementsDunhamAlternativeIncomeFund Risk/Return Detail Data - (Dunham Alternative Income Fund) false false R7.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data true false All Reports Book All Reports cik0001420040-20120919.xml cik0001420040-20120919.xsd cik0001420040-20120919_cal.xml cik0001420040-20120919_def.xml cik0001420040-20120919_lab.xml cik0001420040-20120919_pre.xml true true