DAAVX Performance — Dunham Dynamic Macro Fund, Class A
Data updated: 2026-09-28
DAAVX returned +0.26% year to date and +0.74% over one year to Jul 2026. Annualised returns are +6.43% over 3 years and +3.77% over 5 years. The fund trailed its Moderate Allocation category average: $100 invested three years ago grew to $121, against $134 for the category, and to $101 over one year, against $112. Volatility over the past three years was 5.16% a year. In the 12 months to Jul 2026 the fund took in a net $37.9M, and assets reached $112.46M.
DAAVX Growth of $100
What $100 invested in Dunham Dynamic Macro Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | DAAVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $101 | $112 |
| 3 years (Aug 2023 – Jul 2026) | $121 | $134 |
| 5 years (Aug 2021 – Jul 2026) | $120 | $129 |
| Since data start (Aug 2019 – Jul 2026) | $137 | $154 |
DAAVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.26% |
| 1 year | +0.74% |
| 3 years (annualised) | +6.43% |
| 5 years (annualised) | +3.77% |
DAAVX Annual Returns
Calendar-year total returns of Dunham Dynamic Macro Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.26% |
| 2025 | +4.82% |
| 2024 | +10.61% |
| 2023 | +18.37% |
| 2022 | −14.15% |
| 2021 | +8.95% |
| 2020 | +1.42% |
| 2019 (Aug–Dec) | +4.59% |
DAAVX 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 | +1.9% | +2.1% | −1.1% | +1.2% | −1.4% | −1.7% | −0.7% | — | — | — | — | — |
| 2025 | +0.6% | +0.2% | −0.2% | +1.8% | +1.3% | +0.6% | +0.1% | +0.4% | +0.2% | −0.2% | +0.2% | −0.2% |
| 2024 | +2.2% | +2.8% | +2.6% | −1.6% | +1.8% | +0.8% | +0.6% | +0.7% | +0.6% | −1.1% | +1.2% | −0.4% |
| 2023 | +3.5% | −1.9% | +1.4% | +1.7% | +1.0% | +5.7% | +2.1% | −1.6% | −0.7% | −1.5% | +4.3% | +3.4% |
| 2022 | −3.3% | −1.0% | +0.3% | −6.1% | +1.2% | −5.9% | +5.1% | −3.0% | −5.1% | +2.5% | +3.8% | −2.7% |
| 2021 | −0.7% | −0.6% | +1.1% | +2.9% | +1.0% | +1.4% | +1.7% | +1.2% | −2.2% | +1.3% | −1.4% | +3.1% |
| 2020 | −1.3% | −4.5% | −7.0% | +3.8% | +2.2% | +1.1% | +3.2% | +2.8% | −1.8% | −1.6% | +4.2% | +0.8% |
| 2019 | — | — | — | — | — | — | — | −1.1% | +1.7% | +1.4% | +0.6% | +2.0% |
DAAVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.16%
- 3-year Sharpe ratio: 0.37 (vs 4.5% risk-free rate)
- Best month: +4.32% (Nov 2023)
- Worst month: −1.67% (Jun 2026)
DAAVX Fund Flows
Monthly money in and out of Dunham Dynamic Macro Fund, from SEC Form N-PORT.
- 12-month net flow: $37.9M
- 12-month gross sales (incl. reinvestments): $50.3M
- Sales ÷ redemptions: 4.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.5M | $949K | $545K |
| Jun 2026 | $17.7M | $524K | $17.1M |
| May 2026 | $927K | $726K | $201K |
| Apr 2026 | $1.1M | $852K | $292K |
| Mar 2026 | $578K | $3.3M | −$2.7M |
| Feb 2026 | $2.4M | $474K | $1.9M |
| Jan 2026 | $1.6M | $753K | $809K |
| Dec 2025 | $12.2M | $2.1M | $10.2M |
| Nov 2025 | $1.5M | $672K | $821K |
| Oct 2025 | $1.8M | $548K | $1.3M |
| Sep 2025 | $4.0M | $673K | $3.4M |
| Aug 2025 | $5.0M | $896K | $4.1M |
DAAVX Assets Under Management
Net assets of Dunham Dynamic Macro Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $112.46M |
| 2026-04-30 | $98.43M |
| 2026-01-31 | $96.78M |
| 2025-10-31 | $92.90M |
| 2025-07-31 | $83.71M |
| 2025-04-30 | $84.78M |
| 2025-01-31 | $82.29M |
| 2024-10-31 | $78.79M |
| 2024-07-31 | $75.75M |
| 2024-04-30 | $64.84M |
| 2024-01-31 | $56.67M |
| 2023-10-31 | $43.69M |
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.