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Trending ETFs

Dunham Real Estate Stock Fund

mutual fund
DNREX
Payout Change
Pending
Price as of:
$14.9 -0.04 -0.27%
primary theme
Real Estate Sector Equity
DNREX (Mutual Fund)

Dunham Real Estate Stock Fund

Payout Change
Pending
Price as of:
$14.9 -0.04 -0.27%
primary theme
Real Estate Sector Equity
DNREX (Mutual Fund)

Dunham Real Estate Stock Fund

Payout Change
Pending
Price as of:
$14.9 -0.04 -0.27%
primary theme
Real Estate Sector Equity

Name

As of 10/08/2024

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

$14.90

$58.4 M

2.02%

$0.30

1.08%

Vitals

YTD Return

12.7%

1 yr return

32.6%

3 Yr Avg Return

-7.4%

5 Yr Avg Return

0.6%

Net Assets

$58.4 M

Holdings in Top 10

54.2%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$50,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

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

$14.90

$58.4 M

2.02%

$0.30

1.08%

DNREX - Profile

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return -7.4%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Dunham Real Estate Stock Fund
  • Fund Family Name
    Dunham Funds
  • Inception Date
    Nov 21, 2008
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Creede Murphy

Fund Description

The Fund’s Sub-Adviser seeks to achieve the Fund’s investment objectives by investing primarily in income-producing equity securities (including real estate investment trusts (“REITs”)) of real estate companies. The Fund normally invests at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in equity securities of companies principally engaged in the real estate industry that are economically tied to different countries throughout the world, including the United States. The Fund defines a company as principally engaged in the real estate industry if at least 50% of the company’s revenues or 50% of the market value of the company’s assets are related to the ownership, operation, construction, development, financing, leasing, management or sale of real estate. The Fund may also invest in real estate companies or issuers that are economically tied to emerging markets. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund. The Fund’s Sub-Adviser may engage in active and frequent trading of the Fund’s portfolio securities to achieve the Fund’s investment objectives.

The Sub-Adviser believes that equity securities of real estate companies with monopolistic characteristics generally perform better over time and can command higher occupancy rates and better rents, which in turn can create more valuable portfolios for shareholders through enhanced dividends and higher real estate values. In general, the Sub-Adviser buys securities of issuers with real estate that is more difficult to supply, demand is less cyclical, and tenants are reluctant to leave. The Sub-Adviser sells securities when a company no longer meets its selection criteria or the valuation no longer meets the risk return parameters of the portfolio.

The Sub-Adviser seeks to outperform other real estate funds using in-house knowledge, research and its understanding of the real estate market. The Sub-Adviser seeks to find favorable real estate investments in the public markets through disciplined analysis by combining bottom-up fundamental research of companies with a research driven top-down asset allocation. Through such analysis, the Sub-Adviser seeks to deliver total return by identifying individual company value and by repositioning the Fund’s portfolio to be invested in companies with the best property types and geographic regions based on current real estate market conditions. Additionally, the Sub-Adviser focuses the Fund’s securities portfolio on investments that generally provide income and also have the potential for long-term capital appreciation.

The Fund may also engage in securities lending.

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DNREX - Performance

Return Ranking - Trailing

Period DNREX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -11.7% 21.6% 15.77%
1 Yr 32.6% -9.3% 42.7% 13.46%
3 Yr -7.4%* -11.7% 6.1% 96.51%
5 Yr 0.6%* -11.9% 15.6% 93.72%
10 Yr 4.6%* -2.5% 15.1% 82.74%

* Annualized

Return Ranking - Calendar

Period DNREX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -17.6% 24.6% 15.71%
2022 -39.9% -51.3% 2.7% 89.23%
2021 3.2% -7.7% 52.3% 96.08%
2020 12.0% -42.2% 35.0% 3.72%
2019 18.2% -0.8% 43.1% 51.07%

Total Return Ranking - Trailing

Period DNREX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -11.7% 21.6% 15.77%
1 Yr 32.6% -9.3% 42.7% 13.46%
3 Yr -7.4%* -11.7% 6.1% 96.51%
5 Yr 0.6%* -11.9% 15.6% 93.72%
10 Yr 4.6%* -2.5% 15.1% 82.74%

* Annualized

Total Return Ranking - Calendar

Period DNREX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -14.0% 25.0% 19.54%
2022 -39.5% -40.7% 7.8% 98.08%
2021 10.0% 7.8% 54.6% 98.04%
2020 20.8% -36.6% 44.3% 3.72%
2019 27.3% 3.4% 46.4% 49.79%

NAV & Total Return History


DNREX - Holdings

Concentration Analysis

DNREX Category Low Category High DNREX % Rank
Net Assets 58.4 M 1.39 M 61.4 B 84.25%
Number of Holdings 41 22 519 40.08%
Net Assets in Top 10 27.5 M 1.29 M 32.8 B 84.73%
Weighting of Top 10 54.19% 13.2% 90.0% 62.21%

Top 10 Holdings

  1. FTAI INFRASTRUCT 8.84%
  2. AMERICAN TOWER C 7.83%
  3. EQUINIX INC 6.44%
  4. INNOVATIVE INDUS 6.28%
  5. PROLOGIS INC 5.64%
  6. SIMON PROPERTY 5.60%
  7. DIGITAL REALTY 4.51%
  8. NEW FORTRESS ENE 3.24%
  9. REXFORD INDUSTRI 3.06%
  10. CBRE GROUP INC-A 2.76%

Asset Allocation

Weighting Return Low Return High DNREX % Rank
Stocks
99.67% 0.00% 105.52% 13.74%
Cash
0.46% -42.50% 19.87% 82.06%
Preferred Stocks
0.00% 0.00% 31.13% 23.28%
Other
0.00% -89.90% 107.80% 32.82%
Convertible Bonds
0.00% 0.00% 10.95% 13.03%
Bonds
0.00% -3.17% 155.83% 19.47%

Stock Sector Breakdown

Weighting Return Low Return High DNREX % Rank
Real Estate
76.48% 34.46% 100.00% 93.15%
Consumer Cyclical
10.75% 0.00% 45.29% 4.84%
Technology
8.81% 0.00% 12.02% 2.42%
Industrials
3.96% 0.00% 7.39% 2.42%
Utilities
0.00% 0.00% 3.55% 6.85%
Healthcare
0.00% 0.00% 0.53% 9.27%
Financial Services
0.00% 0.00% 37.05% 17.74%
Energy
0.00% 0.00% 33.11% 8.87%
Communication Services
0.00% 0.00% 11.61% 16.94%
Consumer Defense
0.00% 0.00% 0.93% 6.45%
Basic Materials
0.00% 0.00% 13.69% 11.69%

Stock Geographic Breakdown

Weighting Return Low Return High DNREX % Rank
US
99.67% 0.00% 105.52% 10.31%
Non US
0.00% 0.00% 37.90% 19.08%

DNREX - Expenses

Operational Fees

DNREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.07% 28.75% 58.69%
Management Fee 0.77% 0.00% 1.50% 62.21%
12b-1 Fee 0.00% 0.00% 1.00% 4.69%
Administrative Fee N/A 0.01% 0.45% 33.78%

Sales Fees

DNREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

DNREX 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.

DNREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 0.11% 380.00% 62.55%

DNREX - Distributions

Dividend Yield Analysis

DNREX Category Low Category High DNREX % Rank
Dividend Yield 2.02% 0.00% 13.03% 58.78%

Dividend Distribution Analysis

DNREX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

DNREX Category Low Category High DNREX % Rank
Net Income Ratio -0.08% -1.14% 6.05% 92.28%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DNREX - Fund Manager Analysis

Managers

Creede Murphy


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Creede Murphy Co-Portfolio Manager Since January 2011, Mr. Murphy has served in various roles, with increasing responsibility and authority, as an analyst supporting the sub-adviser’s investment management, research and portfolio management functions, and currently serves as the firm’s Chief Operating Officer. In 2021, in addition to his role as COO, Mr. Murphy joined Mr. East as a portfolio manager to client accounts of the sub-adviser. Mr. Murphy has over 10 years of experience in investment management, providing investment research, financial modeling, security valuation, and general portfolio management services. He is also a licensed architect with 10 years of prior experience in architecture and real estate development, providing unique insights into real estate deals and investment opportunities. Mr. Murphy holds a Master’s Degree in Business Administration from the University of California San Diego, where he studied Modern Portfolio Theory under Nobel Laureate Harry Markowitz, and holds a Master’s Degree in Architecture and a Bachelor of Arts in Architecture. He is also a Licensed Architect.

Burland East


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Mr. East has served as the Chief Executive Officer and a portfolio manager of American Assets Capital Advisers since October 2010. From October 2001 to July 2010, he was a Managing Principal of Silver Portal Capital, LLC, a FINRA regulated investment bank specializing in institutional real estate. From August 1992 to February 2001, he served as a Managing Director, Senior Equity Analyst and Group Co-Head at Wachovia Securities (and its predecessor companies, First Union Securities, EVEREN Securities, Inc., Research Division and Kemper Securities Inc.), with primary responsibility for equity research coverage of all forms of publicly traded real estate companies and related investment banking. Mr. East serves on the Board of Advisors of Comunidad Realty Partners. Mr. East served as Independent Director at Excel Trust, Inc. (NYSE: EXL) from April 2010 to 2015. Mr. East is a former NAREIT member and was a Board Associate in 1998/1999. Mr. East served on the Leadership Council of the Lusk Center for Real Estate at the University of Southern California from 2003 to 2014. In 1996, 1997 and 1998, he was recognized among outstanding sell-side analysts by Dow Jones Publishing/Realty Stock Review. He holds a Chartered Financial Analyst designation. Mr. East received a Bachelor’s of Arts in Business and Master’s Degree in Business Administration from Loyola College in Maryland.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.12 2.68