Dunham High Yield Bond Fund (DCHYX)

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Dunham High Yield Bond Fund (DCHYX) is up 1.4% since the beginning of the year. DCHYX is currently trading at $9 per share. Investors who bought $1,000 worth of DCHYX shares 5 years ago would now be looking at an investment worth $1,179.

Dunham High Yield Bond Fund (DCHYX) has returned 1.44% so far this year and 5.75% over the past 12 months. Over the last ten years, DCHYX has returned 4.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 1, 2005, DCHYX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2009 with a return of +6.6%, while the worst month was Oct 2008 at -14.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.

On a daily basis, DCHYX closed higher 44% of trading days. The best single day was Mar 26, 2020 with a return of +2.8%, while the worst single day was Mar 16, 2020 at -3.1%.

Dunham High Yield Bond Fund has an annualized alpha of 2.79%, beta of 0.07, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since July 01, 2005.

• This fund participated in 36.29% of S&P 500 Index downside but only 29.54% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.07 may look defensive, but with R2 of 0.08 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 0.08 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.

DCHYX has a high expense ratio of 1.92%, indicating above-average management fees.

DCHYX ranks 70 for risk / return — better than 70% 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.

Dunham High Yield Bond Fund provided a 5.38% dividend yield over the last twelve months, with an annual payout of $0.46 per share.

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.

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 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 33.54%, occurring on Dec 15, 2008. Recovery took 410 trading sessions.

The current Dunham High Yield Bond Fund drawdown is 0.12%.

The chart below shows the rolling one-month volatility.