Dunham U.S. Enhanced Market N (DNSPX)
| Fund Assets | 129.16M |
| Expense Ratio | n/a |
| Min. Investment | $100,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 3.20 |
| Dividend Yield | 23.60% |
| Dividend Growth | -42.26% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 13.53 |
| YTD Return | 0.15% |
| 1-Year Return | 12.88% |
| 5-Year Return | n/a |
| 52-Week Low | 9.90 |
| 52-Week High | 13.89 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About DNSPX
The Dunham U.S. Enhanced Market Fund Class N is a mutual fund designed to maximize long-term capital appreciation while managing downside risk. Its primary function is to provide investors with participation in the gains of the U.S. equity market, particularly by tracking and competing with the performance of the S&P 500 index. The fund achieves this through a tactical investment strategy that utilizes derivatives, including S&P 500 Index options, FLEX options, and futures contracts. This approach is intended to enhance returns during market advances and help limit losses during downturns, though it does not guarantee principal protection. Managed by PGIM Quantitative Solutions, the fund actively adjusts its exposure to the S&P 500 based on current market trends and economic indicators. In addition to its equity derivative positions, the portfolio incorporates U.S. Treasury bonds and Treasury bond futures to further manage risk and provide stability during volatile periods. The fund is particularly suited for investors seeking a diversified solution that blends potential equity market upside with strategies intended to moderate losses, playing a unique role as a defensive equity allocation within broader portfolios.
Performance
DNSPX had a total return of 12.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 45.20%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $3.2026 | Dec 30, 2025 |
| Dec 27, 2024 | $5.5465 | Dec 30, 2024 |
| Dec 27, 2023 | $0.1815 | Dec 28, 2023 |