Dunham International Opportunity Bond Fund (DAIOX)

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Dunham International Opportunity Bond Fund (DAIOX) is up 3.3% since the beginning of the year. DAIOX is currently trading at $8 per share. Investors who bought $1,000 worth of DAIOX shares 5 years ago would now be looking at an investment worth $1,085.

Dunham International Opportunity Bond Fund (DAIOX) has returned 3.27% so far this year and 6.33% over the past 12 months. Over the last ten years, DAIOX has returned 0.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 5, 2013, DAIOX's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.

Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +8.0%, while the worst month was Mar 2020 at -14.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, DAIOX closed higher 43% of trading days. The best single day was Mar 17, 2016 with a return of +2.5%, while the worst single day was Mar 18, 2020 at -3.9%.

Dunham International Opportunity Bond Fund has an annualized alpha of -0.08%, beta of 0.06, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since November 05, 2013.

• This fund participated in 38.65% of S&P 500 Index downside but only 17.74% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.06 may look defensive, but with R2 of 0.03 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 0.03 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.

DAIOX has a high expense ratio of 1.58%, indicating above-average management fees.

DAIOX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Dunham International Opportunity Bond Fund provided a 3.93% dividend yield over the last twelve months, with an annual payout of $0.31 per share.

The table displays the monthly dividend distributions for Dunham International Opportunity 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 International Opportunity 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 International Opportunity Bond Fund was 27.58%, occurring on Oct 21, 2022. Recovery took 755 trading sessions.

The current Dunham International Opportunity Bond Fund drawdown is 0.13%.

The chart below shows the rolling one-month volatility.