Dunham Long/Short Credit Fund Class N (DNAIX)

Fund Assets	317.65M
Expense Ratio	0.91%
Min. Investment	$100,000
Turnover	234.00%
Dividend (ttm)	0.36
Dividend Yield	4.21%
Dividend Growth	-6.14%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.62
YTD Return	1.76%
1-Year Return	2.34%
5-Year Return	10.39%
52-Week Low	8.61
52-Week High	8.83
Beta (5Y)	0.09
Holdings	101
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.

• Fund Family: Dunham Funds
• Category: Specialty Fixed In
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DNAIX
• Share Class: Class N
• Index: Index is not available on Lipper Database

Performance

DNAIX had a total return of 2.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.63%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DAAIX	Class A	1.16%
DCAIX	Class C	1.91%

Top 10 Holdings

53.73% of assets

Name	Symbol	Weight
United States Treasury Bills 0%	B.0 11.27.26	11.85%
United States Treasury Bills 0%	B.0 10.22.26	11.85%
United States Treasury Bills 0%	B.0 09.10.26	10.07%
United States Treasury Bills 0%	WIB.0 12.10.26	6.96%
United States Treasury Notes 4.375%	T.4.375 05.15.36	2.65%
First American Government Obligs X	FGXXX	2.47%
United States Treasury Notes 4.25%	T.4.25 06.30.33	2.33%
United States Treasury Notes 4.125%	T.4.125 06.30.31	2.03%
United States Treasury Bonds 4.75%	T.4.75 02.15.56	2.02%
Ally Financial Inc. 7.1%	ALLY.V7.1 PERP D	1.51%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0342	Oct 1, 2026
Aug 31, 2026	$0.0264	Sep 1, 2026
Jul 31, 2026	$0.0351	Aug 3, 2026
Jun 30, 2026	$0.0288	Jul 1, 2026
May 29, 2026	$0.026	Jun 1, 2026
Apr 30, 2026	$0.0314	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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