DNFRX – Dunham Floating Rate Bond N Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a high level of current income, with capital appreciation as a secondary goal. The fund's sub-adviser seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of the fund's assets (defined as net assets plus borrowings for investment purposes) in bonds. It will invest up to 20% of total assets in fixed-rate corporate bonds of any maturity generally rated below investment-grade (BB and lower, or an equivalent rating) or are not rated by a nationally recognized statistical rating organization (NRSRO), also known as “high-yield” or “junk” loans.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DNFRX	Dunham Floating Rate Bond Fund Class N	Institutional	Open			Nov 1, 2013	$240.23M	1.090%	High	$100,000	$46.16M
DAFRX	Dunham Floating Rate Bond Fund Class A	Front Load	Open			Nov 1, 2013	$8.42M	1.340%	High	$5,000	−$921,922.70
DCFRX	Dunham Floating Rate Bond Fund Class C	Level Load	Open			Nov 1, 2013	$3.87M	1.840%	High	$5,000	−$1.26M

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