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Morningstar

Dunham Dynamic Macro A DAAVX

Morningstar Medalist Rating
Medalist Rating as of | See Dunham Investment Hub
  • NAV / 1-Day Return 12.02  /  +0.59 %
  • Total Assets 71.8 Mil
  • Adj. Expense Ratio
    2.060%
  • Expense Ratio 2.060%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Tactical Allocation
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.31%
  • Turnover 118%

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis DAAVX

Will DAAVX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DAAVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DAAVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DAAVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Dunham Dynamic Macro A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DAAVX

More DAAVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 47.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Contract - Usd

12.31 8.0 Mil
Derivative

SPDR® S&P 500® ETF Trust

10.41 6.8 Mil
—

Invesco NASDAQ 100 ETF

8.52 5.5 Mil
—

United States Treasury Notes 1%

7.51 4.9 Mil
Government

iShares GSCI Cmd Dyn Roll Stgy ETF

7.05 4.6 Mil
—

Japanese Yen Future

5.57 3.6 Mil
Cash and Equivalents

SPDR® EURO STOXX 50 ETF

4.79 3.1 Mil
—

Franklin FTSE United Kingdom ETF

4.25 2.8 Mil
—

Franklin FTSE Japan ETF

3.84 2.5 Mil
—

United States Treasury Notes 0.375%

3.06 2.0 Mil
Cash and Equivalents