Dunham Corporate/Government Bond Fund (DCCGX)

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Dunham Corporate/Government Bond Fund (DCCGX) is down 0.8% since the beginning of the year. DCCGX is currently trading at $12 per share. Investors who bought $1,000 worth of DCCGX shares 5 years ago would now be looking at an investment worth $963.

Dunham Corporate/Government Bond Fund (DCCGX) has returned -0.81% so far this year and 1.42% over the past 12 months. Over the last ten years, DCCGX has returned 0.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Dec 10, 2004, DCCGX's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Mar 2020 at -5.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.

On a daily basis, DCCGX closed higher 45% of trading days. The best single day was Nov 10, 2022 with a return of +1.7%, while the worst single day was Mar 18, 2020 at -2.3%.

Dunham Corporate/Government Bond Fund has an annualized alpha of 1.97%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 10, 2004.

• This fund participated in 12.38% of S&P 500 Index downside but only 11.37% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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.

DCCGX has a high expense ratio of 2.00%, indicating above-average management fees.

DCCGX ranks 14 for risk / return — above 14% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Dunham Corporate/Government Bond Fund provided a 3.26% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Dunham Corporate/Government 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 Corporate/Government 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 Corporate/Government Bond Fund was 17.54%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Dunham Corporate/Government Bond Fund drawdown is 4.09%.

The chart below shows the rolling one-month volatility.