Dunham Monthly Distribution Fund
DNMDX
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
- 10251 Vista Sorrento Parkway San Diego CA United States of America 92121
- IPO Date
- Sep 29, 2008
- CIK
- 0001420040
- Website
- dunham.com
- Similar Companies
- Business
- Dunham Monthly Distribution Fund (DNMDX) is an open-end mutual fund that seeks to provide positive total returns in both rising and falling equity markets through an event-driven investment strategy focused on merger arbitrage, corporate reorganizations, and related opportunities; it employs a diversified portfolio including long and short positions in equities, currency contracts, derivatives such as options and forwards, cash equivalents, and short-term securities, with significant allocations to U.S. stocks, non-U.S. stocks, and cash. The fund offers Class N shares (ticker: DNMDX, CUSIP: 265458620), alongside Class A (DAMDX) and Class C (DCMDX) share classes, distributing monthly dividends and annual capital gains, if applicable; it features a net expense ratio of 2.38% and targets institutional and high-net-worth investors with minimum initial investments of $100,000 for taxable Class N accounts ($50,000 for tax-deferred). Managed as part of the Dunham Funds family by adviser Dunham & Associates Investment Counsel, Inc., headquartered in San Diego, California and founded in 1985, the fund is sub-advised by Grantham, Mayo, Van Otterloo & Co. LLC (GMO), a Massachusetts-based firm established in 1977 specializing in absolute return strategies. The fund, which commenced operations on September 29, 2008 with a fiscal year-end of October, operates primarily in U.S. markets but invests globally across sectors such as industrials, telecommunications, information technology, and energy, serving sophisticated investors seeking low-volatility absolute returns uncorrelated to broader equity benchmarks. In April 2021, the fund transitioned to GMO as its sub-adviser, marking a key strategic shift to enhance its event-driven capabilities; no material changes, acquisitions, or reorganizations have occurred since, with recent portfolio adjustments reflecting ongoing merger activity as of December 31, 2024.