XML 10 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Dunham Funds
Prospectus Date rr_ProspectusDate Feb. 27, 2018
Dunham Monthly Distribution Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] cik0001420040_SupplementTextBlock

DUNHAM FUNDS

Dunham Monthly Distribution Fund

Class A (DAMDX)

Class C (DCMDX)

Class N (DNMDX)

Supplement dated March 29, 2018 to the Statutory Prospectus dated February 27, 2018 (the “Prospectus”), and the Summary Prospectus dated February 27, 2018 (the “Summary Prospectus”). This Supplement updates and supersedes any contrary information contained in the Prospectus and Summary Prospectus.

The purpose of this supplement is to describe important changes to the Dunham Monthly Distribution Fund (the “Fund”) that are effective as of April 1, 2018:

 

The annual Base Sub-Advisory fee payable to Perella Weinberg Partners Capital Management LP, Sub-adviser to the Dunham Monthly Distribution Fund ( the “Fund’), is lowered from 0.65% to 0.60% of the average daily assets of the Fund, and the Performance Fee rate is lowered from +/-0.40% to +/- 0.38% of the average daily net assets of the Fund. The index used to calculate the Sub-Adviser’s performance fee is changed to the IndexIQ IQ Hedge Market Neutral Total Return Index.

 

Reference is made to the section entitled “Fees and Expenses of the Fund” located on page 9 of the Prospectus and page 1 of the Summary Prospectus. The table describing the Class A, Class C and Class N shareholder expenses of the Fund is deleted in its entirety and replaced with the following:
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)
Expense Example Supplement [Text Block] cik0001420040_ExpenseExampleSupplementTextBlock

The table under the sub-heading “Example” that describes the costs of investing in shares of the Fund is deleted in its entirety and replaced with the following:
Supplement Closing [Text Block] cik0001420040_SupplementClosingTextBlock

The portion of the table following the section entitled “MANAGEMENT” on page 82 of the Prospectus describing the sub-advisory fulcrum fee arrangements for the Fund is amended to read as follows:

 

    Fund

Current Management Fee Rates

  Adviser’s Portion

  Sub-Adviser’s Portion

Dunham Monthly Distribution Fund

0.87% - 1.65%

0.65%

0.22%-0.98%

 

You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information dated February 27, 2018, which provide information that you should know about the 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).
Dunham Monthly Distribution 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 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 1.25% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Dividend Expense on Securities Sold Short rr_Component1OtherExpensesOverAssets 1.15%
Remaining Other Expenses rr_Component2OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.94%
1 Year rr_ExpenseExampleYear01 $ 855
3 Years rr_ExpenseExampleYear03 1,432
5 Years rr_ExpenseExampleYear05 2,034
10 Years rr_ExpenseExampleYear10 $ 3,649
Dunham Monthly Distribution 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 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 1.25% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Dividend Expense on Securities Sold Short rr_Component1OtherExpensesOverAssets 1.15%
Remaining Other Expenses rr_Component2OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.69%
1 Year rr_ExpenseExampleYear01 $ 371
3 Years rr_ExpenseExampleYear03 1,129
5 Years rr_ExpenseExampleYear05 1,906
10 Years rr_ExpenseExampleYear10 $ 3,941
Dunham Monthly Distribution 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 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 1.25% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Dividend Expense on Securities Sold Short rr_Component1OtherExpensesOverAssets 1.15%
Remaining Other Expenses rr_Component2OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.69%
1 Year rr_ExpenseExampleYear01 $ 272
3 Years rr_ExpenseExampleYear03 835
5 Years rr_ExpenseExampleYear05 1,425
10 Years rr_ExpenseExampleYear10 $ 3,022
[1] Management Fees have been restated to reflect an amendment to the Sub-Advisory fee schedule that is effective April 1, 2018. The Management fees assume the Sub-Adviser’s base fee. Actual Sub-Advisory fees may be higher or lower depending on Fund performance. The new Sub-Advisory fee is a fulcrum fee with a base or fulcrum of 60 bps (0.60%) and can range from 0.22% to 0.98%, depending on the effect of performance fees.
[2] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. 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.