Morningstar

Dunham Dynamic Macro Fund Class N DNAVX

Morningstar Medalist Rating
Medalist Rating as of | See Dunham Investment Hub
  • NAV / 1-Day Return 11.25  /  −0.53 %
  • Total Assets 111.7M
  • Adj. Expense Ratio
    1.320%
  • Expense Ratio 1.420%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Tactical Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.31%
  • Turnover 145%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:47 AM GMT+0

Morningstar’s Analysis DNAVX

Will DNAVX outperform in the 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 DNAVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Dunham Dynamic Macro N holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings DNAVX

More DNAVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 50.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares GSCI Cmd Dyn Roll Stgy ETF

15.33 15M
—

iShares Blmbrg Roll Sel Cmdty Strart ETF

13.37 13M
—

Morgan Stanley Instl Lqudty Govt Instl

6.27 6M
Cash and Equivalents

Invesco NASDAQ 100 ETF

4.17 4M
—

United States Treasury Notes 0.75%

3.57 3M
Government

United States Treasury Notes 1.125%

3.56 3M
Government

State Street® SPDR® S&P 500® ETF

3.48 3M
—

British Columbia (Province Of) 2.25%

3.08 3M
Government

United States Treasury Notes 0.625%

3.07 3M
Cash and Equivalents

United States Treasury Notes 0.875%

3.05 3M
Government

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