DAAIX Performance — Dunham Long/Short Credit Fund, Class A
Data updated: 2026-09-28
DAAIX returned +1.61% year to date and +2.78% over one year to Jul 2026. Annualised returns are +3.90% over 3 years and +1.89% over 5 years. Against its Short-Term Government Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $112, against $114 for the category, and to $103 over one year, against $103. Volatility over the past three years was 0.71% a year. In the 12 months to Jul 2026 the fund took in a net $82.9M, and assets reached $343.34M.
DAAIX Growth of $100
What $100 invested in Dunham Long/Short Credit Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Government Bond category average over the same months.
| Period | DAAIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $112 | $114 |
| 5 years (Aug 2021 – Jul 2026) | $110 | $110 |
| Since data start (Aug 2019 – Jul 2026) | $119 | $118 |
DAAIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.61% |
| 1 year | +2.78% |
| 3 years (annualised) | +3.90% |
| 5 years (annualised) | +1.89% |
DAAIX Annual Returns
Calendar-year total returns of Dunham Long/Short Credit Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.61% |
| 2025 | +3.17% |
| 2024 | +5.08% |
| 2023 | +1.29% |
| 2022 | −1.84% |
| 2021 | +2.19% |
| 2020 | +4.90% |
| 2019 (Aug–Dec) | +1.74% |
DAAIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +0.1% | 0.0% | +0.7% | +0.4% | +0.2% | −0.1% | — | — | — | — | — |
| 2025 | +0.1% | +0.4% | +0.2% | 0.0% | +0.3% | +0.3% | +0.5% | +0.5% | +0.1% | +0.4% | −0.1% | +0.2% |
| 2024 | +0.7% | +0.2% | +0.4% | +0.6% | +0.5% | +0.2% | +0.3% | +0.5% | +0.2% | +0.4% | +0.4% | +0.4% |
| 2023 | +0.9% | 0.0% | −3.2% | +0.6% | +0.1% | +0.4% | +0.8% | +0.5% | +0.7% | +0.2% | +0.3% | +0.1% |
| 2022 | −0.3% | −0.7% | −0.3% | 0.0% | −0.3% | −0.8% | −0.3% | +0.9% | −0.7% | −0.3% | +0.2% | +0.8% |
| 2021 | +0.4% | +0.2% | +0.3% | +0.4% | +0.2% | +0.4% | −0.1% | +0.1% | +0.1% | +0.1% | −0.4% | +0.4% |
| 2020 | +0.4% | −0.3% | −1.7% | +1.3% | +0.8% | +1.0% | +0.7% | +0.4% | +0.3% | +0.5% | +0.9% | +0.7% |
| 2019 | — | — | — | — | — | — | — | +0.6% | +0.3% | +0.2% | +0.4% | +0.2% |
DAAIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 0.71%
- 3-year Sharpe ratio: -0.85 (vs 4.5% risk-free rate)
- Best month: +0.70% (Jan 2024)
- Worst month: −0.08% (Nov 2025)
DAAIX Fund Flows
Monthly money in and out of Dunham Long/Short Credit Fund, from SEC Form N-PORT.
- 12-month net flow: $82.9M
- 12-month gross sales (incl. reinvestments): $119.6M
- Sales ÷ redemptions: 3.26×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $6.2M | $2.8M | $3.4M |
| Jun 2026 | $16.7M | $2.8M | $13.9M |
| May 2026 | $6.7M | $2.5M | $4.2M |
| Apr 2026 | $5.2M | $2.0M | $3.2M |
| Mar 2026 | $3.9M | $4.6M | −$604K |
| Feb 2026 | $8.2M | $1.8M | $6.4M |
| Jan 2026 | $8.7M | $7.1M | $1.6M |
| Dec 2025 | $11.5M | $4.5M | $7.0M |
| Nov 2025 | $11.5M | $2.6M | $8.9M |
| Oct 2025 | $9.8M | $995K | $8.8M |
| Sep 2025 | $19.8M | $1.5M | $18.2M |
| Aug 2025 | $11.2M | $3.4M | $7.9M |
DAAIX Assets Under Management
Net assets of Dunham Long/Short Credit Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $343.34M |
| 2026-04-30 | $323.22M |
| 2026-01-31 | $315.18M |
| 2025-10-31 | $299.14M |
| 2025-07-31 | $264.20M |
| 2025-04-30 | $218.16M |
| 2025-01-31 | $236.05M |
| 2024-10-31 | $229.80M |
| 2024-07-31 | $207.42M |
| 2024-04-30 | $196.53M |
| 2024-01-31 | $188.81M |
| 2023-10-31 | $188.19M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.