THE DUNHAM FUNDS
Incorporated herein by reference is the definitive version of the prospectus for the Dunham Funds filed pursuant to Rule 497 (c) under the Securities Act of 1933, as amended, on March 5, 2014 (SEC Accession No. 0000910472-14-001012).
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Registrant Name | dei_EntityRegistrantName | Dunham Funds | ||||||
Prospectus Date | rr_ProspectusDate | Feb. 28, 2014 | ||||||
Dunham Loss Averse Equity Income Fund | Class A
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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 original purchase price for purchases of $1 million or more) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 0.75% | ||||||
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 | 0.73% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.94% | ||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 1.35% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.27% | [2] | |||||
1 Year | rr_ExpenseExampleYear01 | $ 886 | ||||||
3 Years | rr_ExpenseExampleYear03 | 1,524 | ||||||
5 Years | rr_ExpenseExampleYear05 | 2,184 | ||||||
10 Years | rr_ExpenseExampleYear10 | 3,937 | ||||||
1 Year | rr_AverageAnnualReturnYear01 | (0.33%) | ||||||
Life of Fund | rr_AverageAnnualReturnSinceInception | 1.05% | [3] | |||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Jun. 15, 2012 | ||||||
Dunham Loss Averse Equity Income Fund | Class C
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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 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 | 0.73% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.94% | ||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 1.35% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 4.02% | [2] | |||||
1 Year | rr_ExpenseExampleYear01 | 404 | ||||||
3 Years | rr_ExpenseExampleYear03 | 1,224 | ||||||
5 Years | rr_ExpenseExampleYear05 | 2,060 | ||||||
10 Years | rr_ExpenseExampleYear10 | 4,223 | ||||||
1 Year | rr_AverageAnnualReturnYear01 | (1.00%) | ||||||
Life of Fund | rr_AverageAnnualReturnSinceInception | 0.34% | [3] | |||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Jun. 15, 2012 | ||||||
Dunham Loss Averse Equity Income Fund | Class N
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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 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 | 0.73% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.94% | ||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 1.35% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.02% | [2] | |||||
1 Year | rr_ExpenseExampleYear01 | 305 | ||||||
3 Years | rr_ExpenseExampleYear03 | 933 | ||||||
5 Years | rr_ExpenseExampleYear05 | 1,587 | ||||||
10 Years | rr_ExpenseExampleYear10 | 3,337 | ||||||
Annual Return 2011 | rr_AnnualReturn2011 | (1.96%) | ||||||
Annual Return 2012 | rr_AnnualReturn2012 | 5.14% | ||||||
Annual Return 2013 | rr_AnnualReturn2013 | (0.06%) | ||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | the highest return | ||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Dec. 31, 2011 | ||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 5.35% | ||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | the lowest return | ||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (7.12%) | ||||||
1 Year | rr_AverageAnnualReturnYear01 | 0.06% | ||||||
Life of Fund | rr_AverageAnnualReturnSinceInception | 1.34% | [3] | |||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Jun. 15, 2012 | ||||||
Dunham Loss Averse Equity Income Fund | Class N | return after taxes on distributions
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | (1.91%) | ||||||
Life of Fund | rr_AverageAnnualReturnSinceInception | 0.26% | [3] | |||||
Dunham Loss Averse Equity Income Fund | Class N | return after taxes on distributions and sale of Fund shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 0.04% | ||||||
Life of Fund | rr_AverageAnnualReturnSinceInception | 0.61% | [3] | |||||
Dunham Loss Averse Equity Income Fund
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Dunham Loss Averse Equity Income Fund |
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Objective [Heading] | rr_ObjectiveHeading | Investment Objective: |
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Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to maximize total return from capital appreciation and dividends, |
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Objective, Secondary [Text Block] | rr_ObjectiveSecondaryTextBlock | with capital preservation during market downturns as a secondary goal. |
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Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund: |
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Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. 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. More information about these and other discounts is available from your financial professional and in How to Purchase Shares on page 92 of the Fund's Prospectus and in How to Buy and Sell Shares on page 95 of the Fund's Statement of Additional Information. |
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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 | February 28, 2015 | ||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover: |
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Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock |
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. During the most recent fiscal year, the Fund's portfolio turnover rate was 292% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 292.00% | ||||||
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 | ||||||
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] | rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees | The operating expenses in this fee table will 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 | Example: |
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Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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: |
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Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies: |
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Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund's Sub-Adviser seeks to achieve the total return portion of the Fund's investment objective by investing primarily in income-producing common stocks of U.S. companies, real estate investment trusts ("REITs"), and Exchange Traded Funds ("ETFs") that invest primarily in common stocks of U.S. companies. The Sub-Adviser seeks to achieve the capital preservation portion of the Fund's investment objective during down markets by using risk management techniques including (1) stop-loss limits (a form of automatic sell decision based upon a set drop in a security's price), (2) security price targets, (3) allocation to cash equivalents and (4) hedging portfolio-level price risk with inverse ETFs (funds that are designed to rise in price when stock prices are falling). The Fund invests in companies of any market capitalization.
The Sub-Adviser seeks to find what it believes are attractively valued income-producing opportunities with the potential for long-term growth of capital. The Sub-Adviser defines "income-producing" securities as stocks that exhibit an above-average current level of distributable income, or cash flow growth when compared to the broad U.S. stock market. The Sub-Adviser utilizes fundamental and macroeconomic research, coupled with a technical analysis overlay, to select holdings for the portfolio. Macroeconomic research focuses on the outlook for the U.S. economy and security prices, in general. Fundamental research on each company generally includes an industry-peer-group comparative analysis of revenue, earnings, dividends, and cash flow growth. Issuers are selected based on a relatively low stock price compared to their measures described above. In general, the Sub-Adviser buys a security, including ETFs, when it believes that it exhibits above-average growth prospects that have not yet been recognized in the security's valuation. In general, the Sub-Adviser will sell a security, including an ETF, when a more attractive security is identified, the current security's fundamentals deteriorate, or the security reaches a valuation target.
The Fund's distribution policy is to make quarterly distributions to shareholders. All income will be distributed quarterly regardless of whether such income will be treated as return of capital. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. For more information about the Fund's distribution policy, please turn to "Distribution Policy and Goals" section in this Prospectus. |
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Risk [Heading] | rr_RiskHeading | Principal Investment Risks: |
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Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. 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.
Distribution Policy Risk – The Fund's distribution policy is not designed to generate, and is not expected to result in, distributions that equal a fixed percentage of the Fund's current net asset value per share. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital (i.e. from your original investment). Shareholders should not assume that the source of a distribution from the Fund is net profit. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. ETF Risk – ETFs are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in common stocks. The ETFs in which the Fund invests will not be able to replicate exactly the performance of the indices they track and the market value of ETF shares may differ from their net asset value. ETFs are subject to specific risks, depending on the nature of the fund. For instance, ETFs investing in common stocks are subject to the risk that the value of the securities they hold can fall in response to developments affecting the company issuing the stock or in response to changing economic conditions. When the value of ETFs held by the Fund decline, the value of your investment in the Fund declines. Management Risk – The Fund is subject to management risk because it is an actively managed investment portfolio. 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. The successful use of hedging and risk management techniques may be adversely affected by imperfect correlation between movements in the price of the hedging vehicles and the securities being hedged. The successful use of hedging and risk management techniques may be adversely affected by imperfect correlation between movements in the price of the hedging vehicles and the securities being hedged. Portfolio Turnover Risk – A higher portfolio turnover will result in higher transactional and brokerage costs and may result in higher taxes when Fund shares are held in a taxable account. Real Estate Investment Trust Risk – 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. Small and Medium Capitalization Risk – The Fund's investments in smaller and medium-sized companies carry more risks than investments in larger companies. Companies with small and medium size market capitalization often have narrower markets, fewer products or services to offer and more limited managerial and financial resources than do larger, more established companies. Investing in lesser-known, small and medium capitalization companies involves greater risk of volatility of the Fund's net asset value than is customarily associated with larger, more established companies. Often smaller and medium capitalization companies and the industries in which they are focused are still evolving and, while this may offer better growth potential than larger, more established companies, it also may make them more sensitive to changing market conditions. Stock Market Risk – 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.
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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. | ||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance: |
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Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class N Shares of the Fund from year to year and by showing how the Fund's Class A, Class C and Class N average annual returns compare with those of a broad measure of market performance. The Class A sales charge is reflected in the average annual total return table. Past performance (before and after taxes) does not necessarily indicate how a Fund will perform in the future. During the period for which the Fund's performance is presented, the Fund's principal investment strategies were substantially different from those presently employed by the Fund. Updated performance information is available at no cost by visiting www.dunham.com or by calling toll free (888) 3DUNHAM (338-6426).
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class N Shares of the Fund from year to year and by showing how the Fund's Class A, Class C and Class N average annual returns compare with those of a broad measure of market performance. | ||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | (888) 3DUNHAM (338-6426) | ||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.dunham.com | ||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Past performance (before and after taxes) does not necessarily indicate how a Fund will perform in the future. | ||||||
Bar Chart [Heading] | rr_BarChartHeading | Class N Shares Annual Total Return for Years Ended December 31 |
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Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the period shown in the bar chart, the highest return for a quarter was 5.35% (quarter ended December 31, 2011) and the lowest return for a quarter was -7.12% (quarter ended September 30, 2011). |
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Performance Table Heading | rr_PerformanceTableHeading | Dunham Loss Averse Equity Income Fund AVERAGE ANNUAL TOTAL RETURN |
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Performance Table Does Reflect Sales Loads | rr_PerformanceTableDoesReflectSalesLoads | The Class A sales charge is reflected in the average annual total return table. | ||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are estimated, and are based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes; | ||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | If you own shares of the Fund in a tax-deferred account, such as an individual retirement account or a 401(k) plan, this information is not applicable to your investment, because such accounts are only subject to taxes upon distribution. | ||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After tax returns for Class C and Class A shares, which are not shown, will vary from those of Class N shares. | ||||||
Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | After-tax returns are estimated, and are based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes; actual after-tax returns depend on an individual investor's tax situation and are likely to differ from those shown. If you own shares of the Fund in a tax-deferred account, such as an individual retirement account or a 401(k) plan, this information is not applicable to your investment, because such accounts are only subject to taxes upon distribution. In certain cases, after-tax returns may be higher than the other return figures for the same period. After tax returns for Class C and Class A shares, which are not shown, will vary from those of Class N shares.
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Dunham Loss Averse Equity Income Fund | IQ Hedge Long/Short Beta Index (reflects no deduction for fees, expenses, or taxes)
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 10.32% | ||||||
Life of Fund | rr_AverageAnnualReturnSinceInception | 6.94% | [3] | |||||
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Dunham Large Cap Value Fund | ||||||||||||||||||||||||||||||||||||||||||||
Dunham Large Cap Value Fund |
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Investment Objective: |
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The Fund seeks to maximize total return from capital appreciation and dividends. |
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Fees and Expenses of the Fund: |
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This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. 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. More information about these and other discounts is available from your financial professional and in How to Purchase Shares on page 92 of the Fund's Prospectus and in How to Buy and Sell Shares on page 95 of the Fund's Statement of Additional Information. |
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Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||
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Example: |
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This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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: |
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Portfolio Turnover: |
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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. During the most recent fiscal year, the Fund's portfolio turnover rate was 16% of the average value of its portfolio. |
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Principal Investment Strategies: |
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The Fund's Sub-Adviser seeks to achieve the Fund's investment objective by investing primarily in value-oriented, large capitalization or "large cap" common stocks of companies traded on U.S. stock exchanges or in the over-the-counter market. The Fund defines large capitalization companies as those that have market capitalizations greater than $7 billion at the time of investment. Under normal market conditions, the Fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in the common stock of large cap companies. The Sub-Adviser focuses on large capitalization value stocks it believes are statistically undervalued while exhibiting attractive earnings dynamics. In general, the Sub-Adviser buys securities that it believes are undervalued and have better than average valuation as measured by statistics such as price to earnings or price to book ratios, and sells them when they become fully valued or more compelling investments are available.
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Principal Investment Risks: |
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As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. 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.
Large Cap Stock Risk – Because the investment focus of the Fund is on large cap stocks, the value of the Fund may be more volatile than the market as a whole and can perform differently from the value of the market as a whole. Management Risk – The Fund is subject to management risk because it is an actively managed investment portfolio. The Sub-Adviser's judgments about the attractiveness, "value" and 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. The successful use of hedging and risk management techniques may be adversely affected by imperfect correlation between movements in the price of the hedging vehicles and the securities being hedged. Stock Market Risk – 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.
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Performance: |
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The following bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class N Shares of the Fund from year to year and by showing how the Fund's Class A, Class C and Class N average annual returns compare with those of a broad measure of market performance. The Class A sales charge is reflected in the average annual total return table. Past performance (before and after taxes) does not necessarily indicate how a Fund will perform in the future. Performance prior to March 3, 2008 is the performance of a Predecessor Fund. Updated performance information is available at no cost by visiting www.dunham.com or by calling toll free (888) 3DUNHAM (338-6426). |
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Class N Shares Annual Total Return for Years Ended December 31
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During the periods shown in the bar chart, the highest return for a quarter was 15.87% (quarter ended June 30, 2009) and the lowest return for a quarter was -21.09% (quarter ended December 31, 2008). |
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Dunham Large Cap Value Fund AVERAGE ANNUAL TOTAL RETURN |
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After-tax returns are estimated, and are based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes; actual after-tax returns depend on an individual investor's tax situation and are likely to differ from those shown. If you own shares of the Fund in a tax-deferred account, such as an individual retirement account or a 401(k) plan, this information is not applicable to your investment, because such accounts are only subject to taxes upon distribution.After tax returns for Class C and Class A shares, which are not shown, will vary from those of Class N shares. |
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