Dunham Floating Rate Bond Fund (DAFRX)

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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.

Dunham Floating Rate Bond Fund (DAFRX) has returned -0.63% so far this year and 4.18% over the past 12 months. Over the last ten years, DAFRX has returned 3.87% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 5, 2013, DAFRX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, your investment would double in approximately 20.7 years.

Historically, 69% of months were positive and 31% 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%.

Dunham Floating Rate Bond Fund has an annualized alpha of 2.41%, beta of 0.07, and R² of 0.16 versus S&P 500 Index. Calculated based on daily prices since November 06, 2013.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.90%) than losses (14.57%) — 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.

DAFRX has a high expense ratio of 1.29%, indicating above-average management fees.

DAFRX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Dunham Floating Rate Bond Fund (DAFRX) and compare them to a chosen benchmark (S&P 500 Index).

Dunham Floating Rate Bond Fund provided a 6.90% dividend yield over the last twelve months, with an annual payout of $0.57 per share.

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.

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.

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.

The current Dunham Floating Rate Bond Fund drawdown is 1.22%.

The chart below shows the rolling one-month volatility.