DAFGX Fees and Costs — Dunham Focused Large Cap Growth Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.28%: a 0.86% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses. 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 $20K in broker commissions, 0.0103% of average net assets, and portfolio turnover was 44%.
DAFGX Fees and Expenses
Annual operating expenses and sales charges of DAFGX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.28% |
| Fee waiver | — |
| Net expense ratio | 1.28% |
| 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 |
DAFGX Costs Over Time
On $10,000 invested in DAFGX, assuming 5% a year before costs, total costs come to $1,490 over 5 years, cutting the return by 2.58% 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 1.28%) | $127 | $394 | $681 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $29 | $110 | $228 |
| Total costs | $805 | $1,083 | $1,490 |
| Value after costs | $9,695 | $10,494 | $11,273 |
| Impact on return, per year | 8.05% | 3.38% | 2.58% |
DAFGX 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): 0.0103%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $5.7M
- Net income from securities lending: $8K (0.004% of average net assets)
DAFGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ABEL NOSER | $20K | 100.00% |
Dunham Focused Large Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNFGX | Class N | 1.03% | none |
| DAFGX | Class A | 1.28% | 5.75% |
| DCFGX | Class C | 2.03% | 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.