DAEMX Fees and Costs — Dunham Emerging Markets Stock Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.46%. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 0.75%. In fiscal 2025 the fund paid $211K in broker commissions, 0.1695% of average net assets, and portfolio turnover was 107%.
DAEMX Fees and Expenses
Annual operating expenses and sales charges of DAEMX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.46% |
| Fee waiver | — |
| Net expense ratio | 1.46% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.75% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DAEMX Costs Over Time
On $10,000 invested in DAEMX, assuming 5% a year before costs, total costs come to $1,682 over 5 years, cutting the return by 2.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $648 | $575 | $575 |
| Fund expenses (net expense ratio 1.46%) | $144 | $448 | $772 |
| Trading costs (broker commissions) | $17 | $52 | $90 |
| Lost growth on money paid in costs | $29 | $115 | $246 |
| Total costs | $838 | $1,190 | $1,682 |
| Value after costs | $9,662 | $10,386 | $11,080 |
| Impact on return, per year | 8.38% | 3.73% | 2.93% |
DAEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1695%
- Total broker commissions: $211K
- Bought from dealers (principal trades, not a cost): $602K
- Portfolio turnover (prospectus): 107%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $4K (0.003% of average net assets)
DAEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA | $92K | 45.87% |
| JEFFERIES GROUP | $32K | 15.80% |
| BANK OF AMERICA MERRILL LYNCH | $16K | 8.00% |
| BTG PACTUAL | $15K | 7.48% |
| MACQUARIE GROUP | $13K | 6.74% |
| SANFORD FINANCIAL SERVICES | $9K | 4.65% |
| DAIWA SECURITIES | $8K | 4.02% |
| CICC UK LIMITED | $5K | 2.75% |
| EFG INTERNATIONAL | $5K | 2.70% |
| ITAU UNIBANCO GROUP | $4K | 1.99% |
DAEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| EFG INTERNATIONAL | $338K | 56.04% |
| HSBC SECURITIES | $145K | 24.15% |
| JEFFERIES GROUP | $119K | 19.81% |
Dunham Emerging Markets Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNEMX | Class N | 1.21% | none |
| DAEMX | Class A | 1.46% | 5.75% |
| DCEMX | Class C | 2.21% | none |
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.