Fund info

The Dunham Dynamic Macro Fund Class A is a tactical allocation mutual fund designed to maximize total return through capital appreciation and dividends, while also prioritizing capital preservation during market downturns. The fund seeks to achieve this through a dynamic macro asset allocation strategy, actively adjusting exposures across a wide spectrum of asset classes including equity (any market capitalization), fixed income (all credit grades and maturities, both domestic and international), commodities, real estate investment trusts, and currencies. Exposure to these asset classes is achieved primarily through a mix of direct investments, exchange-traded funds, exchange-traded notes, and derivatives such as futures, swaps, and options. A notable feature is the fund’s flexibility: it can adopt long or short positions in its target asset classes, with equity exposure ranging from -100% to 100%, bond exposure from -100% to 200%, and commodity exposure from -50% to 75%. This allows it to respond dynamically to changing market conditions and exploit macroeconomic trends. Managed by Dunham Funds since its 2010 inception, the fund targets investors seeking a diversified approach that actively manages both risk and return across global markets. Its role in the financial market is to provide adaptability in asset allocation, potentially offering diversification and risk mitigation for portfolios within the tactical allocation category.