Dunham Dynamic Macro Fund (DNAVX)
The fund may invest in or seek exposure to a wide range of asset classes including, without limitation, (i) equity (of any market capitalization), (ii) fixed-income (including asset-backed securities, mortgage-backed securities and other collateralized obligations and all grades and maturities of domestic and foreign (including emerging markets) credit, including high yield (junk bonds)), (iii) commodities, (iv) real estate investment trusts ("REITs") and (v) currencies.
Fund Info
| ISIN | US2654585882 |
|---|---|
| CUSIP | 265458588 |
| Issuer | Dunham |
| Inception Date | Apr 28, 2010 |
| Category | Macro Trading |
| Min. Investment | $100,000 |
| Asset Class | Multi-Asset |
Expense Ratio
DNAVX has a high expense ratio of 1.88%, 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 Dynamic Macro 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 Dynamic Macro Fund had a return of 7.99% year-to-date (YTD) and 21.15% in the last 12 months. Over the past 10 years, Dunham Dynamic Macro Fund had an annualized return of 3.26%, while the S&P 500 had an annualized return of 10.84%, indicating that Dunham Dynamic Macro Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.99% | 10.00% |
| 1 month | 1.08% | 2.41% |
| 6 months | 12.69% | 16.70% |
| 1 year | 21.15% | 26.85% |
| 5 years (annualized) | 5.31% | 12.81% |
| 10 years (annualized) | 3.26% | 10.84% |
Monthly Returns
The table below presents the monthly returns of DNAVX, 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 | 2.31% | 2.86% | 2.62% | -1.48% | 7.99% | ||||||||
| 2023 | 3.57% | -1.87% | 1.50% | 1.68% | 1.07% | 5.67% | 2.00% | -1.61% | -0.63% | -1.46% | 4.35% | 3.33% | 18.70% |
| 2022 | -3.33% | -0.91% | 0.28% | -6.02% | 1.16% | -5.95% | 5.10% | -3.01% | -5.00% | 2.53% | 3.70% | -2.77% | -14.02% |
| 2021 | -0.67% | -0.58% | 1.16% | 2.88% | 1.02% | 1.38% | 1.73% | 1.25% | -2.21% | 1.26% | -1.34% | 3.17% | 9.29% |
| 2020 | -1.35% | -4.51% | -6.97% | 3.75% | 2.34% | 1.25% | 3.18% | 2.78% | -1.74% | -1.57% | 4.30% | 0.85% | 1.63% |
| 2019 | 4.19% | 1.16% | 1.78% | 1.64% | -2.83% | 2.70% | -0.00% | -1.11% | 1.64% | 1.51% | 0.60% | 2.07% | 13.99% |
| 2018 | 0.59% | -3.33% | -0.81% | 0.71% | 0.71% | -0.00% | 1.21% | 0.00% | 0.10% | -5.36% | 1.36% | -3.70% | -8.44% |
| 2017 | 1.28% | 0.32% | 1.05% | 0.93% | 1.13% | 0.30% | 0.10% | -0.20% | 1.12% | 2.00% | 0.10% | -0.29% | 8.09% |
| 2016 | -2.81% | -2.67% | 3.08% | 0.75% | 1.27% | -1.04% | 1.37% | -0.00% | 0.10% | 0.21% | -3.32% | 0.97% | -2.29% |
| 2015 | 1.75% | 2.32% | -0.30% | 1.29% | 0.39% | -1.56% | 0.30% | -4.83% | -2.49% | 4.25% | 0.00% | -1.94% | -1.13% |
| 2014 | -0.21% | 0.74% | 0.31% | 0.42% | -0.42% | 1.36% | -0.31% | 0.52% | -1.56% | 2.01% | 2.07% | -1.22% | 3.71% |
| 2013 | 3.53% | -0.68% | 0.49% | 0.89% | -2.35% | -1.10% | 0.82% | -2.24% | 0.93% | 0.94% | -0.41% | -0.62% | 0.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DNAVX is 94, placing it in the top 6% 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.
DNAVX (Dunham Dynamic Macro Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dunham Dynamic Macro Fund (DNAVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dunham Dynamic Macro Fund granted a 3.16% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.00 | $0.00 | $0.08 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.10 | $0.45 |
Dividend yield | 3.16% | 3.41% | 0.00% | 0.00% | 0.75% | 0.00% | 2.42% | 0.00% | 0.00% | 0.00% | 1.03% | 4.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Dunham Dynamic Macro 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 | $0.00 | $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 | $0.00 | $0.00 |
| 2021 | $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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2019 | $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 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2017 | $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 |
| 2016 | $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 |
| 2015 | $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 |
| 2014 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2013 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.45 |
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 Dynamic Macro 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 Dynamic Macro Fund was 17.73%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.
The current Dunham Dynamic Macro Fund drawdown is 0.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.73% | Feb 13, 2020 | 27 | Mar 23, 2020 | 187 | Dec 16, 2020 | 214 |
| -17.12% | Dec 30, 2021 | 190 | Sep 30, 2022 | 302 | Dec 13, 2023 | 492 |
| -14.56% | May 22, 2015 | 183 | Feb 11, 2016 | 938 | Nov 1, 2019 | 1121 |
| -12.75% | Jul 11, 2011 | 60 | Oct 3, 2011 | 75 | Jan 20, 2012 | 135 |
| -5.57% | Mar 14, 2012 | 92 | Jul 25, 2012 | 111 | Jan 4, 2013 | 203 |
Volatility
Volatility Chart
The current Dunham Dynamic Macro Fund volatility is 2.06%, 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.