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Dunham Focused Large Cap Growth Fund
DNFGX (Mutual Fund)
Dunham Focused Large Cap Growth Fund
Name
As of 12/11/2024Price
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
Vitals
YTD Return
34.6%
1 yr return
36.1%
3 Yr Avg Return
8.7%
5 Yr Avg Return
17.2%
Net Assets
$202 M
Holdings in Top 10
55.7%
52 WEEK LOW AND HIGH
$48.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$50,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
DNFGX - Profile
Distributions
- YTD Total Return 34.6%
- 3 Yr Annualized Total Return 8.7%
- 5 Yr Annualized Total Return 17.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.92%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDunham Focused Large Cap Growth Fund
-
Fund Family NameDunham Funds
-
Inception DateDec 08, 2011
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott O'Gorman
Fund Description
The Fund’s Sub-Adviser seeks to achieve the Fund’s investment objective by investing primarily in domestic and foreign growth-oriented, large capitalization or “large cap” equity securities (common stock and securities convertible into common stocks) of companies traded on U.S. stock exchanges or in the over-the-counter market. The Fund normally invests at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in the common stock of large cap companies. The Fund defines large capitalization companies as those companies whose market capitalizations are equal to or greater than the smallest company in the Russell 1000® Index during the most recent 12-month period. For the most recent annual reconstitution published as of June 2023, the market capitalization range of companies in the Russell 1000® Index was approximately was approximately $2 billion to $3 trillion, which range will vary daily. Shareholders will be provided 60 days advance notice of any change to this policy.
The Fund is considered a focused fund as it generally limits the number of holdings in the portfolio to 35 stocks. The Sub-Adviser’s investment philosophy focuses on the analysis of the company’s financial statements, the company’s business model, the company’s perceived advantages over its competitors, and the attractiveness, size and growth rate of each company’s market where it competes. The Sub-Adviser considers a company that is increasing revenues and cash flow to be a “growth” company. The Sub-Adviser further analyzes each company’s management track record and continuity in conjunction with an in-depth analysis and evaluation of its financial statements.
In general, the Sub-Adviser buys securities when the company is demonstrating above average growth in revenues and cash flow and it believes the security is reasonably priced relative to its expected rate of growth. The Sub-Adviser may choose to sell a security when it believes the company may have deteriorating growth prospects as measured by slowing revenue growth or slowing cash flow growth or when the Sub-Adviser wishes to take advantage of what it believes to be a better investment opportunity.
The Fund is non-diversified, which mean that it can invest a greater percentage of its assets in any one issuer than a diversified fund
The Fund may also engage in securities lending.
DNFGX - Performance
Return Ranking - Trailing
| Period | DNFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 34.6% | -37.8% | 56.1% | 50.36% |
| 1 Yr | 36.1% | -36.3% | 134.4% | 52.55% |
| 3 Yr | 8.7%* | -21.2% | 35.4% | 55.25% |
| 5 Yr | 17.2%* | -12.8% | 32.8% | 43.12% |
| 10 Yr | 15.6%* | -3.9% | 21.1% | 28.63% |
* Annualized
Return Ranking - Calendar
| Period | DNFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 51.7% | -74.1% | 72.4% | 4.11% |
| 2022 | -38.8% | -85.9% | 4.7% | 72.85% |
| 2021 | 4.6% | -52.4% | 60.5% | 63.24% |
| 2020 | 46.5% | -34.3% | 145.0% | 11.25% |
| 2019 | 31.3% | -6.9% | 49.4% | 16.00% |
Total Return Ranking - Trailing
| Period | DNFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 34.6% | -37.8% | 56.1% | 50.36% |
| 1 Yr | 36.1% | -36.3% | 134.4% | 52.55% |
| 3 Yr | 8.7%* | -21.2% | 35.4% | 55.25% |
| 5 Yr | 17.2%* | -12.8% | 32.8% | 43.12% |
| 10 Yr | 15.6%* | -3.9% | 21.1% | 28.63% |
* Annualized
Total Return Ranking - Calendar
| Period | DNFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 55.2% | -4.6% | 72.4% | 1.73% |
| 2022 | -38.8% | -61.7% | 5.6% | 89.34% |
| 2021 | 13.3% | -39.8% | 118.1% | 82.32% |
| 2020 | 49.8% | 2.8% | 149.2% | 15.42% |
| 2019 | 35.5% | -5.2% | 49.4% | 29.15% |
NAV & Total Return History
DNFGX - Holdings
Concentration Analysis
| DNFGX | Category Low | Category High | DNFGX % Rank | |
|---|---|---|---|---|
| Net Assets | 202 M | 296 K | 287 B | 79.87% |
| Number of Holdings | 32 | 2 | 3061 | 89.11% |
| Net Assets in Top 10 | 102 M | 126 K | 150 B | 81.85% |
| Weighting of Top 10 | 55.68% | 0.7% | 205.0% | 42.31% |
Top 10 Holdings
- AMAZON.COM INC 8.28%
- NVIDIA CORP 7.84%
- SERVICENOW INC 7.49%
- MICROSOFT CORP 7.40%
- MASTERCARD INC-A 5.92%
- APPLE INC 4.49%
- INTUITIVE SURGIC 3.87%
- SALESFORCE INC 3.62%
- VISA INC-CLASS A 3.41%
- ADOBE INC 3.37%
Asset Allocation
| Weighting | Return Low | Return High | DNFGX % Rank | |
|---|---|---|---|---|
| Stocks | 97.36% | 0.00% | 123.52% | 80.22% |
| Cash | 2.71% | 0.00% | 173.52% | 15.06% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 97.01% |
| Other | 0.00% | -36.56% | 50.35% | 93.47% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 96.00% |
| Bonds | 0.00% | 0.00% | 102.71% | 96.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DNFGX % Rank | |
|---|---|---|---|---|
| Technology | 44.38% | 0.00% | 65.70% | 10.64% |
| Consumer Cyclical | 18.53% | 0.00% | 62.57% | 26.45% |
| Healthcare | 16.43% | 0.00% | 39.76% | 17.91% |
| Financial Services | 14.07% | 0.00% | 43.06% | 16.27% |
| Communication Services | 6.59% | 0.00% | 66.40% | 82.64% |
| Utilities | 0.00% | 0.00% | 16.07% | 99.09% |
| Real Estate | 0.00% | 0.00% | 16.05% | 98.91% |
| Industrials | 0.00% | 0.00% | 30.65% | 100.00% |
| Energy | 0.00% | 0.00% | 41.09% | 98.36% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 99.91% |
| Basic Materials | 0.00% | 0.00% | 18.91% | 99.55% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DNFGX % Rank | |
|---|---|---|---|---|
| US | 97.36% | 0.00% | 123.52% | 67.60% |
| Non US | 0.00% | 0.00% | 75.46% | 97.46% |
DNFGX - Expenses
Operational Fees
| DNFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.23% | 0.01% | 28.71% | 29.05% |
| Management Fee | 1.03% | 0.00% | 1.50% | 98.90% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.17% |
| Administrative Fee | N/A | 0.01% | 1.02% | 37.76% |
Sales Fees
| DNFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| DNFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| DNFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.00% | 0.00% | 316.74% | 39.16% |
DNFGX - Distributions
Dividend Yield Analysis
| DNFGX | Category Low | Category High | DNFGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.01% | 0.00% | 27.58% | 99.91% |
Dividend Distribution Analysis
| DNFGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| DNFGX | Category Low | Category High | DNFGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.92% | -6.13% | 3.48% | 85.25% |
Capital Gain Distribution Analysis
| DNFGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.003 | OrdinaryDividend |
| Dec 27, 2023 | $0.843 | CapitalGainLongTerm |
| Dec 29, 2021 | $3.278 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.845 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.834 | CapitalGainLongTerm |
| Dec 27, 2018 | $1.703 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.181 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.095 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.168 | CapitalGainShortTerm |
| Dec 27, 2013 | $0.025 | CapitalGainLongTerm |
DNFGX - Fund Manager Analysis
Managers
Scott O'Gorman
Start Date
Tenure
Tenure Rank
Dec 08, 2011
10.48
10.5%
Scott, CFA, is President and Portfolio Manager. Prior to co-founding Ithaka, Mr. O'Gorman was a Managing Director and Senior Portfolio Manager at Sands Capital Management, which he joined in 1999. His duties included portfolio management, equity research, client service and marketing. Prior to Sands Capital, Scott held various finance and business development roles in the telecommunications and independent power industries. He began his career as a stockbroker at Folger Nolan Fleming Douglas, Inc. Mr. O'Gorman holds a B.A. in economics from Yale University and an M.B.A. from Columbia University.
William Johnson
Start Date
Tenure
Tenure Rank
Dec 08, 2011
10.48
10.5%
William L. Johnson, CEO, CIO and Portfolio Manager,co-founding Ithaka. Will was most recently a Managing Director and Senior Portfolio Manager at Sands Capital Management, which he co-founded in 1992. He spent the majority of his time managing portfolios, researching companies and searching for new investment ideas, having a strong influence on many of the purchase and sale decisions. Will played an integral role in marketing to, and maintaining relations with, financial intermediaries. Prior to Sands Capital, Will was Vice President and Senior Portfolio Manager in the Capital Management Group of Folger Nolan Fleming Douglas Inc., a brokerage firm in Washington, D.C. He began his career in 1974 as a staff accountant for Price Waterhouse. Will earned a BA in political science from DePauw University in 1974.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
