497

THE DUNHAM FUNDS

Dunham High-Yield Bond Fund

Incorporated herein by reference is the definitive version of the supplement for Dunham High-Yield Bond Fund filed pursuant to Rule 497 (c) under the Securities Act of 1933, as amended, on May 29, 2013 (SEC Accession No. 0000910472-13-002167).

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Registrant Name

dei_EntityRegistrantName

Dunham Funds

Prospectus Date

rr_ProspectusDate

Feb. 22, 2013

Dunham High Yield Bond Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

4.50%

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_RedemptionFeeOverRedemption

none

Exchange Fee

rr_ExchangeFeeOverRedemption

none

Management Fees

rr_ManagementFeesOverAssets

0.94%

Distribution and/or Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.29%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.01%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.49%

Fee Reduction

rr_FeeWaiverOrReimbursementOverAssets

(0.07%)

^[2]

Total Annual Fund Operation Expenses After Fee Reduction

rr_NetExpensesOverAssets

1.42%

1 Year

rr_ExpenseExampleYear01

588

3 Years

rr_ExpenseExampleYear03

893

5 Years

rr_ExpenseExampleYear05

1,220

10 Years

rr_ExpenseExampleYear10

2,144

Dunham High Yield Bond 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_RedemptionFeeOverRedemption

none

Exchange Fee

rr_ExchangeFeeOverRedemption

none

Management Fees

rr_ManagementFeesOverAssets

0.94%

Distribution and/or Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.75%

Other Expenses

rr_OtherExpensesOverAssets

0.29%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.01%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.99%

Fee Reduction

rr_FeeWaiverOrReimbursementOverAssets

(0.07%)

^[2]

Total Annual Fund Operation Expenses After Fee Reduction

rr_NetExpensesOverAssets

1.92%

1 Year

rr_ExpenseExampleYear01

195

3 Years

rr_ExpenseExampleYear03

618

5 Years

rr_ExpenseExampleYear05

1,066

10 Years

rr_ExpenseExampleYear10

2,311

Dunham High Yield Bond 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_RedemptionFeeOverRedemption

none

Exchange Fee

rr_ExchangeFeeOverRedemption

none

Management Fees

rr_ManagementFeesOverAssets

0.94%

Distribution and/or Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.29%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.01%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.24%

Fee Reduction

rr_FeeWaiverOrReimbursementOverAssets

(0.07%)

^[2]

Total Annual Fund Operation Expenses After Fee Reduction

rr_NetExpensesOverAssets

1.17%

1 Year

rr_ExpenseExampleYear01

119

3 Years

rr_ExpenseExampleYear03

387

5 Years

rr_ExpenseExampleYear05

674

10 Years

rr_ExpenseExampleYear10

1,494

Dunham High Yield Bond Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement for Fees and Expenses [Text Block]

cik0001420040_SupplementForFeesAndExpensesTextBlock

497 1 hyprostickerfeewaiver052813.htm 497

DUNHAM FUNDS

Dunham High-Yield Bond Fund

Class A (DAHYX)

Class C (DCHYX)

Class N (DNHYX)

Supplement dated May 29, 2013 to the Prospectus and Summary Prospectus each dated February 22, 2013 (the "Prospectus"). This Supplement updates and supersedes any contrary information contained in the Prospectus or Summary Prospectus.

Effective May 28, 2013 until May 31, 2014, PENN Capital Management Co., Inc., Sub-Adviser to the Dunham High-Yield Bond Fund (the "Fund"), has contractually agreed to (i) reduce its base Sub-Advisory fee by 10 bps (0.10%), from 50 bps (0.50%) to 40 bps (0.40%) annually, and (ii) reduce its performance fee rate by 10 bps (0.10%), from +/-30 bps (0.30%) to +/-20 bps (0.20%).

Reference is made to the section entitled "Fees and Expenses of the Fund" located on page 14 of the Prospectus and page 1 of the Summary Prospectus. The table describing the expenses of the Dunham High-Yield Bond Fund is deleted in its entirety and replaced with the following:

Shareholder Fees (fees paid directly from your investment)	Class A	Class C	Class N
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)	4.50%	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 (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	0.94%	0.94%	0.94%
Distribution and/or Service (12b-1) Fees	0.25%	0.75%	0.00%
Other Expenses	0.29%	0.29%	0.29%
Acquired Fund Fees and Expenses (1)	0.01%	0.01%	0.01%
Total Annual Fund Operating Expenses	1.49%	1.99%	1.24%
Fee Reduction(2)	(0.07%)	(0.07%)	(0.07%)
Total Annual Fund Operating Expenses After Fee Reduction	1.42%	1.92%	1.17%

(1) 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

(2) The Fund's Sub-Adviser has contractually agreed to reduce its base Sub-Advisory fee by 10 bps (0.10%) annually and its performance fee rate by 10 bps (0.10%) until May 31, 2014.

The table under the sub-heading "Example" that describes the costs of investing in shares of the Dunham High-Yield Bond Fund is deleted in its entirety and replaced with the following:

Class	1 Year	3 Years	5 Years	10 Years
Class A	$588	$893	$1,220	$2,144
Class C	$195	$618	$1,066	$2,311
Class N	$119	$387	$   674	$1,494

You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information dated February 22, 2013, as subsequently amended, which provide information that you should know about the Dunham High-Yield Bond Fund before investing and should be retained for future reference. These documents are available upon request and without charge by calling the Dunham Funds at (888) 3DUNHAM (338-6426).

Supplement dated May 29, 2013

Shareholder Fees Caption [Text]

rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

May 31, 2014

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

Performance Availability Phone [Text]

rr_PerformanceAvailabilityPhone

(888) 3DUNHAM (338-6426)

[1] 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

[2] The Fund's Sub-Adviser has contractually agreed to reduce its base Sub-Advisory fee by 10 bps (0.10%) annually and its performance fee rate by 10 bps (0.10%) until May 31, 2014.

XML

Dunham High Yield Bond Fund

497 1 hyprostickerfeewaiver052813.htm 497

DUNHAM FUNDS

Dunham High-Yield Bond Fund

Class A (DAHYX)

Class C (DCHYX)

Class N (DNHYX)

Supplement dated May 29, 2013 to the Prospectus and Summary Prospectus each dated February 22, 2013 (the "Prospectus"). This Supplement updates and supersedes any contrary information contained in the Prospectus or Summary Prospectus.

Effective May 28, 2013 until May 31, 2014, PENN Capital Management Co., Inc., Sub-Adviser to the Dunham High-Yield Bond Fund (the "Fund"), has contractually agreed to (i) reduce its base Sub-Advisory fee by 10 bps (0.10%), from 50 bps (0.50%) to 40 bps (0.40%) annually, and (ii) reduce its performance fee rate by 10 bps (0.10%), from +/-30 bps (0.30%) to +/-20 bps (0.20%).

Reference is made to the section entitled "Fees and Expenses of the Fund" located on page 14 of the Prospectus and page 1 of the Summary Prospectus. The table describing the expenses of the Dunham High-Yield Bond Fund is deleted in its entirety and replaced with the following:

Shareholder Fees (fees paid directly from your investment)	Class A	Class C	Class N
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)	4.50%	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 (expenses that you pay each year as a percentage of the value of your investment)
Management Fees	0.94%	0.94%	0.94%
Distribution and/or Service (12b-1) Fees	0.25%	0.75%	0.00%
Other Expenses	0.29%	0.29%	0.29%
Acquired Fund Fees and Expenses (1)	0.01%	0.01%	0.01%
Total Annual Fund Operating Expenses	1.49%	1.99%	1.24%
Fee Reduction(2)	(0.07%)	(0.07%)	(0.07%)
Total Annual Fund Operating Expenses After Fee Reduction	1.42%	1.92%	1.17%

(1) 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

(2) The Fund's Sub-Adviser has contractually agreed to reduce its base Sub-Advisory fee by 10 bps (0.10%) annually and its performance fee rate by 10 bps (0.10%) until May 31, 2014.

The table under the sub-heading "Example" that describes the costs of investing in shares of the Dunham High-Yield Bond Fund is deleted in its entirety and replaced with the following:

Class	1 Year	3 Years	5 Years	10 Years
Class A	$588	$893	$1,220	$2,144
Class C	$195	$618	$1,066	$2,311
Class N	$119	$387	$   674	$1,494

You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information dated February 22, 2013, as subsequently amended, which provide information that you should know about the Dunham High-Yield Bond Fund before investing and should be retained for future reference. These documents are available upon request and without charge by calling the Dunham Funds at (888) 3DUNHAM (338-6426).

Supplement dated May 29, 2013

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees - Dunham High Yield Bond Fund	Class A	Class C	Class N
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price)	4.50%	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 (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses - NEW Dunham High Yield Bond Fund		Class A	Class C	Class N
Management Fees		0.94%	0.94%	0.94%
Distribution and/or Service (12b-1) Fees		0.25%	0.75%	none
Other Expenses		0.29%	0.29%	0.29%
Acquired Fund Fees and Expenses	[1]	0.01%	0.01%	0.01%
Total Annual Fund Operating Expenses		1.49%	1.99%	1.24%
Fee Reduction	[2]	(0.07%)	(0.07%)	(0.07%)
Total Annual Fund Operation Expenses After Fee Reduction		1.42%	1.92%	1.17%

Expense Example - Dunham High Yield Bond Fund (USD $)	1 Year	3 Years	5 Years	10 Years
Class A	588	893	1,220	2,144
Class C	195	618	1,066	2,311
Class N	119	387	674	1,494

[1] 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

[2] The Fund's Sub-Adviser has contractually agreed to reduce its base Sub-Advisory fee by 10 bps (0.10%) annually and its performance fee rate by 10 bps (0.10%) until May 31, 2014.

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Prospectus Date	rr_ProspectusDate	Feb. 22, 2013

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	Other
Document Period End Date	dei_DocumentPeriodEndDate	May 29, 2013
Registrant Name	dei_EntityRegistrantName	Dunham Funds
Central Index Key	dei_EntityCentralIndexKey	0001420040
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	May 29, 2013
Document Effective Date	dei_DocumentEffectiveDate	May 29, 2013
Prospectus Date	rr_ProspectusDate	Feb. 22, 2013