Dunham Long/Short Credit Fund Class N (DNAIX)
| Fund Assets | 315.18M |
| Expense Ratio | 0.89% |
| Min. Investment | $100,000 |
| Turnover | 234.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 4.30% |
| Dividend Growth | -7.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.74 |
| YTD Return | 0.49% |
| 1-Year Return | 3.66% |
| 5-Year Return | 11.39% |
| 52-Week Low | 8.43 |
| 52-Week High | 8.76 |
| Beta (5Y) | n/a |
| Holdings | 82 |
| Inception Date | Dec 10, 2004 |
About DNAIX
Dunham Long/Short Credit Fund Class N is a mutual fund with a primary objective of maximizing total return under varying market conditions through a combination of current income and capital appreciation. Structured within the nontraditional bond category, the fund employs a flexible strategy by investing in a diversified portfolio that spans convertible, equity, and fixed-income securities, including significant allocations to U.S. Treasury bills and bonds, as well as select corporate bonds and cash equivalents. Notably, it utilizes both long and short positions, enabling it to manage exposure dynamically depending on market outlooks and opportunities. The fund is managed by MetLife Investment Management, leveraging deep expertise in credit markets and risk management. With monthly dividend distributions and a relatively low expense ratio of 0.89%, the fund emphasizes risk-adjusted performance alongside capital preservation. Its approach, which includes derivatives and short selling, equips it to potentially reduce correlation with general bond markets and navigate shifts in interest rates or credit environments. Dunham Long/Short Credit Fund Class N plays a distinct role for investors seeking credit strategies that hedge against volatility and pursue returns uncorrelated with traditional fixed income benchmarks.
Performance
DNAIX had a total return of 3.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.04%.
Top 10 Holdings
69.90% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0% | B.0 01.08.26 | 13.43% |
| United States Treasury Bills 0% | B.0 06.11.26 | 13.43% |
| United States Treasury Bills 0% | B.0 04.09.26 | 13.43% |
| United States Treasury Bills 0% | B.0 02.12.26 | 13.43% |
| Cash | n/a | 5.09% |
| United States Treasury Notes 4% | T.4 11.15.35 | 2.86% |
| United States Treasury Bonds 4.625% | T.4.625 11.15.45 | 2.39% |
| United States Treasury Bonds 4.75% | T.4.75 08.15.55 | 2.37% |
| United States Treasury Notes 3.5% | T.3.5 11.30.30 | 1.82% |
| Wells Fargo & Co. 4.66615% | WFC.F 01.15.27 * | 1.64% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0326 | Feb 2, 2026 |
| Dec 29, 2025 | $0.031 | Dec 30, 2025 |
| Nov 28, 2025 | $0.0248 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0345 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0297 | Oct 1, 2025 |
| Aug 29, 2025 | $0.0297 | Sep 2, 2025 |