Dunham Floating Rate Bond Fund Class N (DNFRX)
| Fund Assets | 216.84M |
| Expense Ratio | 1.03% |
| Min. Investment | $100,000 |
| Turnover | 45.00% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 7.46% |
| Dividend Growth | -16.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.42 |
| YTD Return | -0.12% |
| 1-Year Return | 4.13% |
| 5-Year Return | 29.36% |
| 52-Week Low | 7.83 |
| 52-Week High | 8.47 |
| Beta (5Y) | n/a |
| Holdings | 268 |
| Inception Date | Nov 1, 2013 |
About DNFRX
Dunham Floating Rate Bond Fund Class N is a mutual fund focused on generating a high level of current income, with capital appreciation considered a secondary objective. It primarily invests in a diversified portfolio of floating-rate bank loans and floating-rate, below investment-grade securities. These instruments typically pay interest rates that adjust periodically, often linked to key benchmarks such as LIBOR or SOFR, which can make them less sensitive to interest rate changes than traditional fixed-rate bonds. The fund’s investment strategy places it within the bank loan category, emphasizing exposure to senior bank loans, which may present higher credit risks but often offer elevated yields in compensation. The fund's portfolio includes both corporate loans and securitized assets, and it is structured for institutional investors due to its higher minimum investment requirement. In the broader financial market, this fund plays a role in providing income-oriented investors access to the leveraged loan market, which can be attractive in fluctuating interest rate environments, while also incorporating the associated risks of credit and liquidity inherent to such securities.
Performance
DNFRX had a total return of 4.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.99%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0404 | Feb 2, 2026 |
| Dec 29, 2025 | $0.0722 | Dec 30, 2025 |
| Nov 28, 2025 | $0.0461 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0602 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0529 | Oct 1, 2025 |
| Aug 29, 2025 | $0.0471 | Sep 2, 2025 |