Dunham Floating Rate Bond Fund (DAFRX)
The fund's sub-adviser seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of the fund's assets (defined as net assets plus borrowings for investment purposes) in bonds. It will invest up to 20% of total assets in fixed-rate corporate bonds of any maturity generally rated below investment-grade (BB and lower, or an equivalent rating) or are not rated by a nationally recognized statistical rating organization (NRSRO), also known as “high-yield” or “junk” loans.
Fund Info
| ISIN | US2654584307 |
|---|---|
| CUSIP | 265458430 |
| Issuer | Dunham Funds |
| Inception Date | Oct 31, 2013 |
| Category | Bank Loan |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
DAFRX has a high expense ratio of 1.29%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: DAFRX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dunham Floating Rate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dunham Floating Rate Bond Fund had a return of 2.68% year-to-date (YTD) and 12.18% in the last 12 months. Over the past 10 years, Dunham Floating Rate Bond Fund had an annualized return of 3.04%, while the S&P 500 had an annualized return of 10.67%, indicating that Dunham Floating Rate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.68% | 9.49% |
| 1 month | 0.38% | 1.20% |
| 6 months | 5.44% | 18.29% |
| 1 year | 12.18% | 26.44% |
| 5 years (annualized) | 3.61% | 12.64% |
| 10 years (annualized) | 3.04% | 10.67% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.04% | 0.47% | 0.54% | 0.26% | ||||||||
| 2023 | -0.41% | 1.42% | 2.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DAFRX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DAFRX (Dunham Floating Rate Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dunham Floating Rate Bond Fund (DAFRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dunham Floating Rate Bond Fund granted a 9.26% dividend yield in the last twelve months. The annual payout for that period amounted to $0.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.78 | $0.49 | $0.29 | $0.30 | $0.41 | $0.40 | $0.32 | $0.32 | $0.29 | $0.30 | $0.01 |
Dividend yield | 9.26% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.32% | 3.13% | 3.06% | 0.09% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.07 | $0.06 | $0.06 | ||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.04 |
| 2019 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.05 |
| 2017 | $0.02 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 |
| 2015 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2014 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 |
| 2013 | $0.00 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.42% | Jan 22, 2020 | 43 | Mar 23, 2020 | 203 | Jan 11, 2021 | 246 |
| -7.08% | Jan 24, 2022 | 113 | Jul 6, 2022 | 147 | Feb 3, 2023 | 260 |
| -3.99% | May 28, 2015 | 180 | Feb 11, 2016 | 65 | May 16, 2016 | 245 |
| -3.84% | Oct 10, 2018 | 53 | Dec 26, 2018 | 67 | Apr 3, 2019 | 120 |
| -2.8% | Jul 29, 2014 | 99 | Dec 16, 2014 | 48 | Feb 26, 2015 | 147 |
Volatility
Volatility Chart
The current Dunham Floating Rate Bond Fund volatility is 0.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.