- ISIN
- US2654587607
- CUSIP
- 265458760
- Issuer
- Dunham
- Inception Date
- Dec 10, 2004
- Category
- Small Cap Value Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DCSVX Performance Chart
Dunham Small Cap Value Fund (DCSVX) is up 21.6% since the beginning of the year. DCSVX is currently trading at $14 per share. Investors who bought $1,000 worth of DCSVX shares 5 years ago would now be looking at an investment worth $1,296.
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Returns By Period
Dunham Small Cap Value Fund (DCSVX) has returned 21.63% so far this year and 38.48% over the past 12 months. Over the last ten years, DCSVX has returned 7.23% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Dunham Small Cap Value Fund
- 1D
- 0.43%
- 1M
- -1.19%
- 6M
- 13.94%
- YTD
- 21.63%
- 1Y
- 38.48%
- 3Y*
- 7.91%
- 5Y*
- 5.33%
- 10Y*
- 7.23%
- ALL TIME*
- 5.22%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DCSVX Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2004, DCSVX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +16.7%, while the worst month was Mar 2020 at -24.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DCSVX closed higher 51% of trading days. The best single day was Apr 6, 2020 with a return of +9.0%, while the worst single day was Dec 27, 2024 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.75% | 3.32% | -5.02% | 10.16% | 2.17% | 5.58% | -2.29% | 21.63% | |||||
| 2025 | 1.84% | -5.07% | -5.98% | -4.53% | 5.35% | 5.36% | 1.18% | 7.46% | 0.92% | -0.91% | 2.76% | 0.98% | 8.67% |
| 2024 | -3.45% | 3.40% | 4.25% | -7.01% | 5.22% | -1.57% | 8.63% | -1.10% | 0.22% | -3.12% | 9.89% | -20.36% | -8.49% |
| 2023 | 8.36% | -1.80% | -6.93% | -2.15% | -3.03% | 8.99% | 7.38% | -4.12% | -5.40% | -4.90% | 7.78% | 11.75% | 14.23% |
| 2022 | -4.00% | 2.19% | -0.86% | -6.85% | 2.17% | -9.55% | 9.63% | -5.65% | -9.80% | 13.20% | 5.63% | -6.88% | -13.01% |
| 2021 | 1.69% | 11.90% | 5.18% | 2.76% | 2.82% | -1.79% | -2.14% | 1.26% | -0.92% | 3.90% | -2.04% | 5.65% | 31.15% |
Benchmark Metrics
Dunham Small Cap Value Fund has an annualized alpha of -3.06%, beta of 1.07, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since December 10, 2004.
- This fund participated in 117.38% of S&P 500 Index downside but only 101.34% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.06% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.07 and R2 of 0.74, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.06%
- Beta
- 1.07
- R²
- 0.74
- Upside Capture
- 101.34%
- Downside Capture
- 117.38%
Expense Ratio
DCSVX has a high expense ratio of 2.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DCSVX ranks 85 for risk / return — above 85% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Dunham Small Cap Value Fund (DCSVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DCSVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.00 | +1.31 |
| Martin ratioReturn relative to average drawdown | 12.59 | 8.49 | +4.10 |
Dividends
Dividend History
Dunham Small Cap Value Fund provided a 6.14% dividend yield over the last twelve months, with an annual payout of $0.86 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.86 | $0.00 | $0.38 | $1.16 | $1.98 | $0.03 | $0.00 | $1.70 | $1.81 | $0.48 | $0.48 |
Dividend yield | 6.14% | 7.47% | 0.00% | 3.00% | 10.28% | 13.90% | 0.21% | 0.00% | 15.82% | 12.82% | 3.28% | 3.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Dunham Small Cap Value 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.86 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $1.98 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Dunham Small Cap Value 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 Small Cap Value Fund was 62.83%, occurring on Mar 9, 2009. Recovery took 1046 trading sessions.
The current Dunham Small Cap Value Fund drawdown is 2.63%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-62.83%Mar 2009 | 1y 9mo | 4y 1mo | 5y 11moJun 2007 - May 2013 | Financial crisis2007–2009 |
-46.71%Mar 2020 | 1y 7mo | 9mo 20d | 2y 4moAug 2018 - Jan 2021 | COVID crash2020 |
-37.13%Apr 2025 | 4mo 13d | 1y 23d | 1y 5moNov 2024 - May 2026 | 2025 selloff2025 |
-23.90%Sep 2022 | 10mo 22d | 1y 6mo | 2y 4moNov 2021 - Mar 2024 | Bear market2022 |
-20.54%Feb 2016 | 10mo 10d | 6mo 24d | 1y 4moApr 2015 - Sep 2016 | — |
Drawdown Indicators
| DCSVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.83% | -56.78% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.10% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -37.13% | -18.90% | -18.23% |
Max Drawdown (5Y)Largest decline over 5 years | -37.13% | -25.43% | -11.70% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -33.92% | -12.79% |
Current DrawdownCurrent decline from peak | -2.63% | -1.58% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -10.70% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.14% | +0.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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