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Trending ETFs

Dunham International Opportunity Bond Fund

mutual fund
DAIOX
Payout Change
Pending
Price as of:
$7.86 -0.02 -0.25%
primary theme
N/A
share class
A (DAIOX) C (DCIOX) N (DNIOX)
DAIOX (Mutual Fund)

Dunham International Opportunity Bond Fund

Payout Change
Pending
Price as of:
$7.86 -0.02 -0.25%
primary theme
N/A
share class
A (DAIOX) C (DCIOX) N (DNIOX)
DAIOX (Mutual Fund)

Dunham International Opportunity Bond Fund

Payout Change
Pending
Price as of:
$7.86 -0.02 -0.25%
primary theme
N/A
share class
A (DAIOX) C (DCIOX) N (DNIOX)

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Dunham International Opportunity Bond Fund

DAIOX | Fund

$7.86

$61.6 M

4.50%

$0.36

1.94%

Vitals

YTD Return

7.0%

1 yr return

8.2%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.0%

Net Assets

$61.6 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.94%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

$2,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Dunham International Opportunity Bond Fund

DAIOX | Fund

$7.86

$61.6 M

4.50%

$0.36

1.94%

DAIOX - Profile

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.96%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Dunham International Opportunity Bond Fund
  • Fund Family Name
    Dunham Funds
  • Inception Date
    Nov 01, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Perry

Fund Description

The Fund’s Sub-Adviser seeks to achieve the Fund’s 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. The Fund defines “bonds” as bonds, adjustable rate securities, derivatives and other instruments with similar economic exposures (including interest rate futures, interest rate swaps, inflation swaps, credit default swaps, forward contracts on foreign exchanges, forward mortgage-backed securities trades and repurchase agreements) of foreign government and corporate issuers. These securities may be issued in reliance on Rule 144A under the Securities Act of 1933, and subject to restriction on resale. The Fund primarily invests in issuers outside the United States.

The Fund invests in debt securities of issuers in both developed and emerging markets. The Fund may buy securities issued by companies of any size or market capitalization and it can invest in debt securities having short, intermediate or long maturities. The Fund does not limit its investments to a particular credit quality or rating category and can invest without limit in securities rated below investment grade (known as “high-yield” or “junk” bonds) by a nationally recognized statistical rating organization (NRSRO) or in unrated securities.

The Fund may also use derivatives to seek increased returns or to try to manage investment risks, including but not limited to options, forward contracts, futures contracts, swaps (including interest rate swaps, inflation swaps and credit default swaps), and structured notes. The Sub-Adviser may manage foreign currency exposure, both to reduce risk and to seek to enhance returns. To do so, the Fund may invest in foreign exchange derivatives, including forwards and options related to foreign currencies, including currencies of both developed and emerging market countries.

The Fund’s Sub-Adviser constructs portfolios through a combination of bottom-up security selection and top-down asset allocation, thereby accounting for security specific risk and broad market and asset class volatility. The Sub-Adviser’s opportunity set encompasses a Non-U.S issuer universe of global credit markets including Pan European High Yield, Emerging Markets Sovereign Debt, Developed Markets Investment Grade Corporate Debt, Developed Markets Government Debt, and Emerging Markets Corporate Debt. Generally, individual opportunities are identified through a rigorous fundamental credit analysis process applied across global markets and across the capital structure of issuers. The Sub-Adviser also evaluates each security on a relative value basis to other potential investments. The Sub-Adviser manages broad volatility risks through setting total risk levels and asset class exposures. The Sub-Adviser evaluates each potential investment to determine its contribution to overall portfolio risk. It generally sells securities when full valuation is reached, when a security comes up materially short versus expected results, or if alternative investments have been identified as offering better value. Investment exposures typically focus on the higher yielding spread markets, however the strategy retains the flexibility to take a more defensive position as deemed appropriate.

The Fund may also engage in securities lending.

Read More

DAIOX - Performance

Return Ranking - Trailing

Period DAIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -59.5% 0.9% 37.86%
1 Yr 8.2% -15.5% 19.7% 40.38%
3 Yr 0.8%* -4.3% 4.2% 82.09%
5 Yr 1.0%* -2.5% 4.1% 85.11%
10 Yr 0.4%* -3.0% 2.7% N/A

* Annualized

Return Ranking - Calendar

Period DAIOX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -15.2% 0.9% 22.00%
2022 -19.8% -10.9% 12.2% 85.05%
2021 -4.9% -10.8% 14.8% 69.27%
2020 1.4% -15.3% 0.6% 67.63%
2019 3.6% -44.4% 14.4% 15.95%

Total Return Ranking - Trailing

Period DAIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -59.5% 0.9% 35.92%
1 Yr 8.2% -16.6% 30.5% 87.20%
3 Yr 0.8%* -5.2% 10.9% 94.20%
5 Yr 1.0%* -2.8% 7.4% 92.78%
10 Yr 0.4%* -3.0% 3.6% N/A

* Annualized

Total Return Ranking - Calendar

Period DAIOX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -15.2% 0.9% 22.00%
2022 -14.1% -10.9% 12.2% 85.05%
2021 -2.2% -10.8% 14.8% 69.27%
2020 3.8% -15.3% 3.8% 71.10%
2019 4.1% -44.4% 14.4% 23.31%

NAV & Total Return History

DAIOX - Holdings

Concentration Analysis

DAIOX Category Low Category High DAIOX % Rank
Net Assets 61.6 M 74.5 K 14.7 B 78.92%
Number of Holdings 472 4 4562 45.02%
Net Assets in Top 10 8.86 M -112 M 3.66 B 68.72%
Weighting of Top 10 11.96% 4.7% 100.0% 90.87%

Top 10 Holdings

  1. FID-MM GOVT-I 3.34%
  2. ACGB 1 1/4 05/21/32 1.30%
  3. BTPS 2.8 12/01/28 1.09%
  4. SIERRA 6 06/15/28 1.03%
  5. AICNRA 5 3/4 06/15/33 0.95%
  6. TLWLN 7 03/01/25 0.89%
  7. BTPS 2.45 09/01/33 0.86%
  8. PNSTTA 6 5/8 06/17/31 0.86%
  9. BANORT 6 3/4 PERP 0.84%
  10. SASOL 4 3/8 09/18/26 0.81%

Asset Allocation

Weighting Return Low Return High DAIOX % Rank
Bonds 		90.87% 0.00% 220.33% 59.24%
Cash 		8.89% -130.07% 95.62% 40.76%
Convertible Bonds 		2.96% 0.00% 11.19% 19.91%
Other 		0.24% -9.71% 100.00% 29.86%
Stocks 		0.00% 0.00% 7.47% 47.39%
Preferred Stocks 		0.00% 0.00% 2.87% 27.96%

Bond Sector Breakdown

Weighting Return Low Return High DAIOX % Rank
Corporate 		41.62% 0.00% 98.62% 15.87%
Government 		21.30% 0.30% 99.47% 92.31%
Cash & Equivalents 		3.34% 0.00% 95.62% 61.54%
Securitized 		0.26% 0.00% 52.02% 78.85%
Derivative 		0.07% 0.00% 74.77% 12.98%
Municipal 		0.00% 0.00% 7.95% 50.48%

Bond Geographic Breakdown

Weighting Return Low Return High DAIOX % Rank
US 		56.86% -5.52% 107.53% 70.62%
Non US 		34.01% 0.00% 112.80% 17.54%

DAIOX - Expenses

Operational Fees

DAIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.94% 0.02% 3.65% 4.78%
Management Fee 1.07% 0.00% 2.08% 98.54%
12b-1 Fee 0.25% 0.00% 1.00% 19.19%
Administrative Fee N/A 0.01% 0.45% 46.69%

Sales Fees

DAIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.00% 17.14%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DAIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DAIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 6.00% 354.00% 17.16%

DAIOX - Distributions

Dividend Yield Analysis

DAIOX Category Low Category High DAIOX % Rank
Dividend Yield 4.50% 0.00% 17.40% 6.64%

Dividend Distribution Analysis

DAIOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

DAIOX Category Low Category High DAIOX % Rank
Net Income Ratio 1.96% -1.08% 5.77% 37.25%

Capital Gain Distribution Analysis

DAIOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DAIOX - Fund Manager Analysis

Managers

William Perry

Start Date

Tenure

Tenure Rank

Jan 02, 2020

2.41

2.4%

William joined the team in 2012. Prior to joining Stone Harbor, William served as an Emerging Markets Corporate Portfolio Manager at Morgan Stanley Investment Management. Prior to Morgan Stanley, William served as a Managing Director/Portfolio Manager in the Global Special Opportunities Group for Latin American Special Situations at JPMorgan/Chase. While at JPMorgan, he also served in a series of roles including Credit Risk Manager for the Global Head of Emerging Markets, Co-Head of Emerging Markets Corporate Research, and as a Vice President for Global Emerging Markets Debt Restructuring, and Latin American Capital Market. Prior to JPMorgan, William served as a Senior Associate in the Investment Banking Group at Bank of America Securities Inc. William began his career as an Associate in the Petroleum Division at Irving Trust Company. He attained a BA in International Relations and Economics from Colgate University and an MBA in Finance from the Columbia Business School.

Peter Wilby

Start Date

Tenure

Tenure Rank

Jan 02, 2020

2.41

2.4%

Peter founded the team in 1989. Prior to founding Stone Harbor in 2006, Peter was Chief Investment Officer of North American Fixed Income at Citigroup Asset Management, as well as a member of Citigroup Asset Management’s Executive Committee. Additionally, he served as Senior Portfolio Manager responsible for directing investment policy and strategy for all Emerging Markets Debt and High Yield portfolios. Peter was the Head of Fixed Income, a Senior Portfolio Manager for Emerging Markets Debt and High Yield, and a member of the Investment Policy Committee at Salomon Brothers Asset Management. Earlier in his career Peter was at Prudential Investment Co. where he was a Fixed Income Portfolio Manager specializing in High Yield Debt securities and also Director of the Credit Research Unit, responsible for all Corporate and Sovereign Credit Research. He began his career at Deloitte, Haskin & Sells where he served in the Audit and Tax Department. He is a Certified Public Accountant and member of the CFA Institute, the CFA Society New York, and the Council on Foreign Relations. He attained a BBA and MBA in Accounting from Pace University.

David Scott

Start Date

Tenure

Tenure Rank

Jan 02, 2020

2.41

2.4%

David joined the team in 1994. Prior to joining Stone Harbor, David served as a Managing Director, Investment Policy Committee member and Head of the Traditional Investment Group responsible for the traditional bond product at Salomon Brothers Asset Management. Prior to his time with Salomon Brothers, David served as a Global Fixed Income Portfolio Manager at J.P. Morgan Investment Management. Earlier in his career, he served as a US Dollar Portfolio Manager at Mercury Asset Management and served as a Consultant Actuary for the Wyatt Company. David attained a BSc in Mathematics and Economics from Nottingham University, England.

David Torchia

Start Date

Tenure

Tenure Rank

Jan 02, 2020

2.41

2.4%

David joined the team in 1990. Prior to joining Stone Harbor, David served as Managing Director and Senior Portfolio Manager responsible for directing investment policy and strategy for all Investment Grade U.S. Fixed Income Portfolios at Citigroup Asset Management. David served as an Investment Policy Committee Member at Salomon Brothers Asset Management and as a Manager of Structured Portfolios for the Bond Portfolio Analysis Group at Salomon Brothers Inc. He attained a BS in Industrial Engineering from the University of Pittsburgh and an MBA in Finance from Lehigh University.

James Craige

Start Date

Tenure

Tenure Rank

Jan 02, 2020

2.41

2.4%

James E. Craige, Since December 2018, Co-Chief Investment Officer of Stone Harbor; From April 2006 to December 2018, Portfolio Manager of Stone Harbor; Prior to April 2006, Managing Director and Senior Portfolio Manager for emerging markets debt portfolios at Salomon Brothers Asset Management Inc.; Joined Salomon Brothers Asset Management Inc. in 1992. Craige holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67

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