- ISIN
- US2654584307
- CUSIP
- 265458430
- Issuer
- Dunham Funds
- Inception Date
- Oct 31, 2013
- Category
- Bank Loan
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DAFRX Performance Chart
Dunham Floating Rate Bond Fund (DAFRX) is up 2.1% since the beginning of the year. DAFRX is currently trading at $8 per share. Investors who bought $1,000 worth of DAFRX shares 5 years ago would now be looking at an investment worth $1,283.
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Returns By Period
Dunham Floating Rate Bond Fund (DAFRX) has returned 2.14% so far this year and 4.92% over the past 12 months. Over the last ten years, DAFRX has returned 3.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Dunham Floating Rate Bond Fund
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 2.14%
- 6M
- 2.38%
- 1Y
- 4.92%
- 3Y*
- 7.38%
- 5Y*
- 5.11%
- 10Y*
- 3.98%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DAFRX Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 2013, DAFRX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +3.4%, while the worst month was Mar 2020 at -11.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DAFRX closed higher 31% of trading days. The best single day was Mar 26, 2020 with a return of +3.3%, while the worst single day was Mar 18, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.10% | -0.73% | 0.01% | 1.85% | 0.79% | 0.12% | 2.14% | ||||||
| 2025 | 0.87% | 0.28% | -0.95% | -0.13% | 1.85% | 1.02% | 0.98% | 0.64% | 0.01% | 0.10% | 0.05% | 0.24% | 5.04% |
| 2024 | 1.04% | 0.47% | 0.54% | 0.26% | 0.78% | 0.23% | 0.84% | 0.75% | 0.89% | 0.63% | 1.07% | -0.46% | 7.26% |
| 2023 | 2.92% | 0.24% | -0.40% | 1.18% | -0.57% | 2.45% | 1.51% | 1.55% | 0.43% | -0.41% | 1.42% | 2.07% | 13.05% |
| 2022 | 0.18% | -0.78% | -0.02% | -0.34% | -2.58% | -2.70% | 2.18% | 1.45% | -2.83% | 1.38% | 1.46% | 0.21% | -2.54% |
| 2021 | 0.90% | 0.33% | -0.09% | 0.50% | 0.45% | 0.37% | -0.08% | 0.35% | 0.45% | -0.06% | -0.30% | 0.65% | 3.51% |
Benchmark Metrics
Dunham Floating Rate Bond Fund has an annualized alpha of 2.49%, beta of 0.07, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since November 05, 2013.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.76%) than losses (14.55%) - typical of diversified or defensive assets.
- Beta of 0.07 may look defensive, but with R2 of 0.16 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.16 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.49%
- Beta
- 0.07
- R²
- 0.16
- Upside Capture
- 16.76%
- Downside Capture
- 14.55%
Expense Ratio
DAFRX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DAFRX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Dunham Floating Rate Bond Fund (DAFRX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DAFRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.37 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.78 | +0.70 |
| Martin ratioReturn relative to average drawdown | 11.21 | 12.44 | -1.23 |
Dividends
Dividend History
Dunham Floating Rate Bond Fund provided a 7.37% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.61 | $0.68 | $0.78 | $0.49 | $0.29 | $0.30 | $0.41 | $0.40 | $0.32 | $0.29 | $0.29 |
Dividend yield | 7.37% | 7.26% | 7.87% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.01% | 3.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Dunham Floating Rate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.00 | $0.25 | ||||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.04 | $0.07 | $0.61 |
| 2024 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.05 | $0.05 | $0.00 | $0.68 |
| 2023 | $0.04 | $0.05 | $0.08 | $0.06 | $0.06 | $0.08 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.08 | $0.78 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.09 | $0.49 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Dunham Floating Rate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dunham Floating Rate Bond Fund was 19.42%, occurring on Mar 23, 2020. Recovery took 203 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -19.42%Mar 2020 | 2mo 1d | 9mo 24d | 11mo 25dJan 2020 - Jan 2021 |
Bear market2022 | -7.08%Jul 2022 | 5mo 13d | 7mo 2d | 1y 10dJan 2022 - Feb 2023 |
2016 pullback2016 | -3.99%Feb 2016 | 8mo 19d | 3mo 5d | 11mo 24dMay 2015 - May 2016 |
Rate-hike selloffLate 2018 | -3.84%Dec 2018 | 2mo 4d | 3mo 8d | 5mo 12dOct 2018 - Apr 2019 |
2025 selloff2025 | -3.34%Apr 2025 | 1mo 8d | 1mo 5d | 2mo 13dFeb 2025 - May 2025 |
Drawdown Indicators
| DAFRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -56.78% | +37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -9.10% | +7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -18.90% | +15.56% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -25.43% | +18.35% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -33.92% | +14.50% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -10.71% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 2.03% | -1.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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