About DNIOX
Dunham International Opportunity Bond Fund is a mutual fund specializing in global fixed income investments, with a mandate to pursue a high level of current income and secondary capital appreciation. The fund primarily allocates its assets to debt securities issued by foreign governments and corporations, spanning both developed and emerging markets. Its portfolio includes a mix of traditional bonds, high-yield issues, and an array of derivatives such as interest rate and credit default swaps, currency contracts, and structured notes, allowing for broad geographic and sector diversification as well as exposure to various maturities and credit qualities, including securities rated below investment grade.
A defining characteristic of the fund is its active management of both credit risk and currency exposure, often using derivative instruments and foreign exchange contracts to seek enhanced returns or risk mitigation. The fund may hold significant positions in non-U.S. dollar currencies, reflecting its international focus. Income generation is supported by monthly distributions, and the fund is structured to appeal to institutional investors, given its relatively high minimum investment and expense ratio. In the global bond category, this fund provides market participants access to a diverse range of fixed income opportunities outside the United States, including hard-to-access emerging markets and non-investment grade issuers, playing a distinct role for investors seeking international diversification within their fixed income allocation.
Fund Family Dunham Funds
Category World Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol DNIOX
Share Class Class N
Index Bloomberg Global Aggr ex-USD Hedged TR
DNIOX had a total return of 4.36% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.77%.
