Dunham Long/Short Credit Fund (DCAIX)
The fund's sub-adviser seeks to achieve the investment objective by investing normally at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in various credit-related instruments. It may invest in credit-related instruments rated below investment grade, which are commonly referred to as "junk bonds." The fund may invest up to 20% of its total assets in equity instruments, including common stock and other instruments whose price is linked to the value of common stock.
Fund Info
| ISIN | US2654588027 |
|---|---|
| CUSIP | 265458802 |
| Issuer | Dunham Funds |
| Inception Date | Dec 9, 2004 |
| Category | Nontraditional Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
DCAIX has a high expense ratio of 1.98%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DCAIX vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dunham Long/Short Credit 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 Long/Short Credit Fund had a return of 1.72% year-to-date (YTD) and 4.50% in the last 12 months. Over the past 10 years, Dunham Long/Short Credit Fund had an annualized return of 2.29%, while the S&P 500 had an annualized return of 10.67%, indicating that Dunham Long/Short Credit Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.72% | 9.49% |
| 1 month | 0.36% | 1.20% |
| 6 months | 2.06% | 18.29% |
| 1 year | 4.50% | 26.44% |
| 5 years (annualized) | 1.52% | 12.64% |
| 10 years (annualized) | 2.29% | 10.67% |
Monthly Returns
The table below presents the monthly returns of DCAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.57% | 0.21% | 0.34% | 0.48% | 1.72% | ||||||||
| 2023 | 0.85% | -0.07% | -3.24% | 0.43% | 0.09% | 0.37% | 0.69% | 0.48% | 0.52% | 0.22% | 0.24% | 0.09% | 0.60% |
| 2022 | -0.50% | -0.80% | -0.22% | -0.15% | -0.36% | -0.88% | -0.31% | 0.84% | -0.73% | -0.39% | 0.20% | 0.64% | -2.64% |
| 2021 | 0.33% | 0.22% | 0.22% | 0.43% | 0.02% | 0.43% | -0.20% | 0.11% | 0.01% | 0.01% | -0.48% | 0.38% | 1.48% |
| 2020 | 0.30% | -0.25% | -1.91% | 1.26% | 0.81% | 0.85% | 0.58% | 0.46% | 0.13% | 0.44% | 0.76% | 0.63% | 4.11% |
| 2019 | 1.88% | 0.35% | 0.41% | 0.50% | -0.03% | 0.41% | 0.71% | 0.59% | 0.11% | 0.20% | 0.29% | 0.26% | 5.81% |
| 2018 | 2.11% | -0.92% | 0.00% | -1.74% | 4.25% | 0.91% | 0.48% | -0.17% | 0.70% | -0.43% | -0.48% | -0.47% | 4.17% |
| 2017 | 2.05% | -0.13% | 0.50% | -0.37% | 0.50% | -1.25% | 2.27% | -0.74% | 2.61% | 2.42% | 2.13% | 0.04% | 10.40% |
| 2016 | -6.63% | -1.07% | 1.63% | 0.40% | 0.66% | 0.40% | 4.07% | 1.01% | 1.37% | -3.08% | 0.25% | 1.48% | 0.08% |
| 2015 | -1.59% | 4.74% | 0.88% | 0.33% | 1.31% | -0.43% | -0.11% | -4.44% | -4.98% | 2.03% | -0.47% | -0.87% | -3.91% |
| 2014 | -2.06% | 4.31% | -1.06% | -0.19% | 2.43% | 2.19% | -2.33% | 3.43% | -2.30% | 0.47% | 0.09% | -1.06% | 3.71% |
| 2013 | 4.75% | -0.55% | 1.22% | -0.00% | 2.09% | -2.26% | 4.85% | -1.79% | 3.21% | 2.59% | 1.62% | 1.69% | 18.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DCAIX is 88, placing it in the top 12% 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.
DCAIX (Dunham Long/Short Credit Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dunham Long/Short Credit Fund (DCAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dunham Long/Short Credit Fund granted a 4.16% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.23 | $0.21 | $0.22 | $0.21 | $0.12 | $0.11 | $0.18 | $0.46 | $1.78 | $0.05 |
Dividend yield | 4.16% | 4.03% | 2.64% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% | 20.21% | 0.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Dunham Long/Short Credit 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.05 | $0.34 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.11 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.21 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.22 |
| 2019 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.21 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.10 | $0.12 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 | $1.78 |
| 2013 | $0.05 | $0.05 |
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 Long/Short Credit 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 Long/Short Credit Fund was 49.90%, occurring on Nov 20, 2008. Recovery took 1119 trading sessions.
The current Dunham Long/Short Credit Fund drawdown is 0.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.9% | Dec 28, 2007 | 227 | Nov 20, 2008 | 1119 | May 7, 2013 | 1346 |
| -19.91% | Apr 24, 2015 | 203 | Feb 11, 2016 | 477 | Jan 3, 2018 | 680 |
| -13.4% | Dec 27, 2005 | 142 | Jul 21, 2006 | 145 | Feb 20, 2007 | 287 |
| -9.98% | Dec 29, 2004 | 75 | Apr 15, 2005 | 75 | Aug 2, 2005 | 150 |
| -8.46% | Jul 7, 2014 | 71 | Oct 14, 2014 | 92 | Feb 26, 2015 | 163 |
Volatility
Volatility Chart
The current Dunham Long/Short Credit Fund volatility is 0.58%, 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.