DAHYX – Dunham High-Yield Bond A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a high level of current income, with capital appreciation as a secondary goal. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in debt securities and convertible securities rated below investment grade (rated BB+ or lower) by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO), also known as "high-yield" or "junk" bonds, and in unrated debt securities determined by the Sub-Adviser to be of comparable quality.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DNHYX	Dunham High-Yield Bond Fund Class N	Institutional	Open			Jul 1, 2005	$262.47M	1.110%	High	$100,000	$52.35M
DAHYX	Dunham High-Yield Bond Fund Class A	Front Load	Open			Jan 3, 2007	$9.59M	1.360%	High	$5,000	−$1.77M
DCHYX	Dunham High-Yield Bond Fund Class C	Level Load	Open			Jul 1, 2005	$2.87M	1.860%	High	$5,000	−$332,965.50

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