Dunham

Dunham Parent Rating

Low

Dunham has a ways to go to become an industry-standard steward, resulting in a Low Parent Pillar rating.

Despite the negative rating, an area of strength of the firm is manager investment. Over 7% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the highest quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. On average, Dunham's longest-tenured portfolio managers have accrued 12 years of tenure. This level of manager experience should give investors confidence in the group's ability to handle differing market conditions.

Dunham Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

2.07 Bil

Investment Flows (TTM)

135.59 Mil

Asset Growth Rate (TTM)

7.99%

# of Share Classes

45
Morningstar Rating # of Share Classes
0
7
18
15
2
Not Rated 3

Morningstar Mentions

Funds from Baron, Fidelity, and Invesco are among those with the largest positions as Nvidia stock has surged 190% this year.

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