Dunham High Yield Bond Fund (DCHYX)
The investment seeks to provide a high level of current income, with capital appreciation as a secondary goal. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in debt securities and convertible securities rated below investment grade (rated BB+ or lower) by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO), also known as "high-yield" or "junk" bonds, and in unrated debt securities determined by the Sub-Adviser to be of comparable quality.
Fund Info
US2654585056
265458505
Jul 1, 2005
$5,000
Expense Ratio
DCHYX has a high expense ratio of 1.92%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dunham High Yield 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 High Yield Bond Fund had a return of 1.60% year-to-date (YTD) and 7.85% in the last 12 months. Over the past 10 years, Dunham High Yield Bond Fund had an annualized return of 3.89%, while the S&P 500 had an annualized return of 11.26%, indicating that Dunham High Yield Bond Fund did not perform as well as the benchmark.
DCHYX
1.60%
0.43%
3.40%
7.85%
3.88%
3.89%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of DCHYX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.48% | 1.60% | |||||||||||
| 2024 | 0.22% | 0.16% | 1.14% | -1.04% | 0.84% | 0.41% | 1.68% | 1.38% | 1.13% | -0.67% | 1.34% | -0.47% | 6.26% |
| 2023 | 3.73% | -1.48% | 1.01% | 1.10% | -0.96% | 1.90% | 1.50% | 0.95% | -0.77% | -1.52% | 4.43% | 3.37% | 13.85% |
| 2022 | -2.51% | -1.55% | -0.79% | -3.53% | -0.01% | -7.42% | 5.91% | -1.32% | -4.10% | 2.56% | 2.64% | -0.70% | -10.91% |
| 2021 | -0.06% | 0.46% | 0.29% | 0.93% | 0.04% | 1.15% | -0.07% | 0.47% | -0.15% | -0.16% | -0.76% | 2.04% | 4.24% |
| 2020 | 0.10% | -1.38% | -10.10% | 3.87% | 4.02% | 0.92% | 4.12% | 1.10% | -1.14% | 0.45% | 3.85% | 1.79% | 6.95% |
| 2019 | 4.24% | 2.20% | 1.15% | 1.76% | -1.63% | 2.51% | 0.60% | 0.36% | -0.12% | 0.14% | 0.34% | 1.44% | 13.64% |
| 2018 | 0.00% | -1.09% | -0.99% | 0.59% | -0.07% | 0.32% | 0.79% | 0.46% | 0.33% | -1.89% | -1.16% | -2.54% | -5.19% |
| 2017 | 2.26% | 1.25% | -0.44% | 0.99% | 0.56% | 0.03% | 0.84% | -0.11% | 1.18% | 0.28% | -1.23% | 0.53% | 6.27% |
| 2016 | -1.66% | 0.36% | 2.54% | 1.97% | 0.54% | 0.50% | 1.95% | 1.75% | 0.48% | 0.00% | -0.44% | 1.70% | 10.04% |
| 2015 | 0.55% | 1.86% | -0.36% | 1.00% | 0.19% | -1.37% | -0.17% | -1.24% | -2.12% | 2.41% | -2.05% | -1.68% | -3.05% |
| 2014 | 0.44% | 1.61% | 0.12% | 0.32% | 0.63% | 0.65% | -1.53% | 1.36% | -2.23% | 0.87% | -0.88% | -1.54% | -0.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, DCHYX is among the top 7% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dunham High Yield Bond Fund (DCHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dunham High Yield Bond Fund provided a 5.40% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.46 | $0.46 | $0.43 | $0.31 | $0.35 | $0.38 | $0.39 | $0.33 | $0.39 | $0.37 | $0.46 |
Dividend yield | 5.40% | 5.38% | 5.45% | 5.39% | 3.28% | 3.76% | 4.17% | 4.71% | 3.66% | 4.40% | 4.32% | 5.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Dunham High Yield 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.01 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.46 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.08 | $0.46 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2017 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2015 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.10 | $0.04 | $0.46 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Dunham High Yield 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 High Yield Bond Fund was 27.67%, occurring on Dec 15, 2008. Recovery took 244 trading sessions.
The current Dunham High Yield Bond Fund drawdown is 0.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.67% | Jun 5, 2007 | 386 | Dec 15, 2008 | 244 | Dec 3, 2009 | 630 |
| -18.26% | Feb 24, 2020 | 21 | Mar 23, 2020 | 94 | Aug 5, 2020 | 115 |
| -14.99% | Dec 29, 2021 | 190 | Sep 29, 2022 | 304 | Dec 14, 2023 | 494 |
| -10.91% | Jul 9, 2014 | 403 | Feb 11, 2016 | 128 | Aug 15, 2016 | 531 |
| -7.01% | May 23, 2011 | 95 | Oct 5, 2011 | 77 | Jan 26, 2012 | 172 |
Volatility
Volatility Chart
The current Dunham High Yield Bond Fund volatility is 0.63%, 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.