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Morningstar

Dunham Long/Short Credit Fund Class N DNAIX

Morningstar Medalist Rating
Medalist Rating as of | See Dunham Investment Hub
  • NAV / 1-Day Return 8.82  /  0.01 %
  • Total Assets 192.6 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 4.01%
  • Effective Duration —

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis DNAIX

Will DNAIX 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 DNAIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DNAIX 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 DNAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Dunham Long/ Short Credit Fund Class N's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings DNAIX

More DNAIX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 56
  • Other Holdings 18
  • % Assets in Top 10 Holdings 11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

14.21
28,635,645
Government

United States Treasury Bills 0%

10.07
20,281,696
Government

United States Treasury Bills 0%

8.93
17,988,693
Government

Cash

7.16
14,415,500
Cash and Equivalents

BPCE SA 5.975%

3.59
7,239,636
Corporate

United States Treasury Notes 3.375%

3.13
6,300,673
Government

First American Government Obligs X

2.98
6,010,983
Cash and Equivalents

Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc 6.5%

2.66
5,361,230
Corporate

Aercap Ireland Capital DAC 1.15%

2.53
5,086,999
Cash and Equivalents

Celanese US Holdings Llc 5.9%

2.46
4,962,310
Corporate