"The mutual funds are part of a performance based heritage that dates back to 1986," said Jeffrey Dunham, CEO and Founder of Dunham & Associates. "We started with Private Placement funds where the Sub-Advisers were paid based on their ability to outperform their benchmark. In 2004 we converted our private funds to public mutual funds. The one consistent factor in each of the fund structures is the accountability of the Sub-Advisers to their benchmark through the performance fee structure."
The Dunham Funds currently consist of 11 mutual funds sub-advised by 11 different institutional asset management companies.
"One of the features of the Dunham Funds is that we help bridge the gap between traditional funds and more modern alternative investments, all within the same fund family," said Salvatore M. Capizzi, Chief Sales & Marketing Officer of Dunham & Associates. "We have funds such as a real estate stock fund and an absolute return strategy together with traditional style box funds such as large cap value and large cap growth."
The Dunham Funds are sold to investors through financial intermediaries such as registered investment advisers (RIAs), independent broker/dealers and national broker/dealers.
"We at Dunham are fully committed to this sales model," said Mr. Capizzi. "Our funds are available through over 400 broker/dealers and this year we have added wirehouse firms to the line-up of financial advisors making the Dunham Funds available to their clients."
"Looking forward," continued Mr. Dunham, "We will entertain the possibility of making additional acquisitions as we did a year ago with the Kelmoore Funds while being fully focused on internally growing our business."
About Us
Founded in 1985, Dunham & Associates Investment Counsel, Inc. (DAIC) is a Registered Investment Adviser and Broker/Dealer. DAIC offers mutual funds in which Sub-Advisers' compensation is tied to performance as measured against an established benchmark. DAIC has specialized in providing investment programs for institutions, foundations, and high-net-worth individuals for over two decades. Dunham & Associates Holdings, Inc., parent company for Dunham & Associates Investment Counsel, Inc. and Dunham Trust Company, has close to $1.1 billion in fee-generating assets as of December 9, 2009. For more information about Dunham & Associates Investment Counsel, Inc. and its investments and services, visit www.dunham.com or call (800) 442-4358.
Carefully consider the funds' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund prospectus, which may be obtained by calling us at (800) 442-4358. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
Some Sub-Advisers receive a minimum fee regardless of performance and whether that benchmark is met or not.
REITs pool investors' funds for investments primarily in commercial real estate properties. Like the Funds, REITs have expenses, including advisory and administration expenses, which are paid by their shareholders. As a result, investors in the Real Estate Stock Fund will absorb duplicate levels of fees when the Fund invests in REITs. The performance of any Fund REIT holdings ultimately depends on the types of real property in which the REITs invest and how well the property is managed. A general downturn in real estate values also can hurt REIT performance. The Fund may use investment techniques involving margins and short-sales which involve higher risks, as well as higher potential rewards.
"Value" stocks can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. "Value" stocks tend to be inexpensive relative to their earnings or assets compared to other types of stocks. However, "value" stocks can continue to be inexpensive for long periods of time and may not ever realize their full value. The Fund may use investment techniques involving margins and short-sales which involve higher risks, as well as higher potential rewards.
"Growth" stocks can react differently to issuer, political, market, and economic developments than the market as a whole and other types of stocks. "Growth" stocks tend to be more expensive relative to their earnings or assets compared to other types of stocks. As a result, "growth" stocks tend to be sensitive to changes in their earnings and more volatile than other types of stocks. The Fund may use investment techniques involving margins and short-sales which involve higher risks, as well as higher potential rewards.
Dunham & Associates Investment Counsel, Inc. serves as adviser and distributor of the Dunham Funds, and as such, receives a separate fee. Member FINRA/SIPC.
Dunham Trust Company is an independent, privately held trust company founded in August, 1999. It is licensed and regulated by the State of Nevada, Department of Business and Industry, Financial Institutions Division.
Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer.
Member FINRA/SIPC.
SOURCE Dunham & Associates Investment Counsel, Inc.