X0101 EFFECT 33 LIVE 2013-01-28 15:30:00

N-14

0001420040 Dunham Funds 333-185123 0001420040 Dunham Funds S000039786 Dunham Alternative Strategy Fund C000123343 Dunham Alternative Strategy Fund Class A 0001396092 World Funds Trust S000024943 Sherwood Forest Alternative Fund C000074169 Class A Shares 0001420040 Dunham Funds S000039786 Dunham Alternative Strategy Fund C000123343 Dunham Alternative Strategy Fund Class A 0001396092 World Funds Trust S000024943 Sherwood Forest Alternative Fund C000074172 Class P (Platform) Shares 0001420040 Dunham Funds S000039786 Dunham Alternative Strategy Fund C000123344 Dunham Alternative Strategy Fund Class C 0001396092 World Funds Trust S000024943 Sherwood Forest Alternative Fund C000074170 Class C Shares 0001420040 Dunham Funds S000039786 Dunham Alternative Strategy Fund C000123345 Dunham Alternative Strategy Fund Class N 0001396092 World Funds Trust S000024943 Sherwood Forest Alternative Fund C000074171 Institutional Shares