Dunham Monthly Distribution Fund Class N
DAMDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Diego, CA 92122 Philadelphia PA United States of America 19106-2354
- IPO Date
- Dec 26, 2000
- CIK
- 0001420040
- Website
- macquarieim.com
- Similar Companies
- Business
- Dunham Monthly Distribution Fund (DAMDX) is an open-end mutual fund that seeks to provide positive total returns in both rising and falling market environments through an event-driven investment strategy. The fund, part of the Dunham Funds family distributed by Dunham & Associates Investment Counsel, Inc., invests across a diversified portfolio including U.S. and non-U.S. equities, cash equivalents, short positions, currency contracts, and derivatives such as options and forwards; it emphasizes merger arbitrage, corporate events including takeovers, spin-offs, liquidations, and reorganizations, while employing short selling and leveraging techniques to manage risk and enhance returns. Class A shares (ticker: DAMDX) feature a maximum front-end load of 5.75%, net expense ratio of 2.63%, monthly dividend distributions, and a minimum initial investment of $5,000 for regular accounts; other share classes include C (DCMDX) and N (DNMDX). Inception on December 26, 2000, the fund is domiciled in the United States with total net assets of approximately $252 million and operates globally with exposure to regions including the United States (45%), Canada (14%), the United Kingdom, Japan, and Australasia; top sectors encompass financial services, basic materials, communication services, industrials, and technology. Portfolio holdings as of recent data feature significant allocations to cash (around 50%), Hess Corp (7%), Air Transport Services Group (4%), Liberty Broadband Corp (4%), and others like Kellogg Company and Frontier Communications Parent Inc., with notable short positions such as Charter Communications Inc. The fund underwent a key sub-advisory change effective April 1, 2021, appointing Grantham, Mayo, Van Otterloo & Co. LLC (GMO), a Massachusetts-based firm founded in 1977 specializing in systematic global investment strategies, with lead manager Doug Francis since inception and co-manager Cole Weppner added September 30, 2025; this transition shifted management from prior advisors to GMO's event-driven expertise. Recent performance reflects Morningstar Event Driven category alignment, with 1-year, 3-year, and 5-year annualized returns of 6.72%, 3.83%, and 2.36% at NAV as of February 28, 2025, alongside consistent monthly distributions such as $0.18 per share in January and February 2025. No major acquisitions, funding rounds, or product launches reported in the last 1-2 years, though portfolio turnover and active hedging underscore ongoing strategic adaptations to market volatility.