Dunham Monthly Distribution Fund Class C
DCMDX
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- Dunham Monthly Distribution Fund Class C (DCMDX) is an open-end mutual fund that seeks to provide positive returns in rising and falling market environments through an event-driven investment strategy utilizing a diversified portfolio of equities, equity-related securities, short positions, derivatives including currency contracts, and cash equivalents; it employs active management techniques such as hedging, short selling, options, and forward contracts to achieve attractive absolute returns across market conditions, with allocations including approximately 57% cash, 24% U.S. stocks, 20% non-U.S. stocks, and sector exposures in financial services, basic materials, communication services, industrials, and technology. The fund, part of the Dunham Funds family managed and distributed by Dunham & Associates Investment Counsel, Inc., headquartered in San Diego, California, was incepted on December 26, 2000, and primarily serves U.S. investors through various share classes with a net expense ratio of 3.38% for Class C shares, which carry a $5,000 minimum initial investment for regular accounts and monthly dividend distributions. Sub-advised by Grantham, Mayo, Van Otterloo & Co. LLC (GMO), a Massachusetts-based firm founded in 1977, since April 1, 2021, with portfolio managers Doug Francis (since 2021) and Cole Weppner (since September 30, 2025), the fund operates within the event-driven category, targeting merger, takeover, spin-off, and reorganization opportunities while managing risks through leveraging and diversification across U.S., Canada, U.K., Japan, and Australasia regions. Recent developments include the appointment of co-manager Cole Weppner in late 2025 and sustained monthly distributions averaging $0.18-$0.21 per share in 2024-2025, with ongoing portfolio adjustments reflecting GMO's absolute return style amid market volatility; no major acquisitions, funding rounds, or strategic shifts for the fund itself have been announced in the last 1-2 years.