DAMDX Fees and Costs — Dunham Monthly Distribution Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 2.28%. 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 $727K in broker commissions, 0.2996% of average net assets, and portfolio turnover was 377%.
DAMDX Fees and Expenses
Annual operating expenses and sales charges of DAMDX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.08% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 2.28% |
| Fee waiver | — |
| Net expense ratio | 2.28% |
| 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 |
DAMDX Costs Over Time
On $10,000 invested in DAMDX, assuming 5% a year before costs, total costs come to $2,207 over 5 years, cutting the return by 3.91% 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 | $647 | $575 | $575 |
| Fund expenses (net expense ratio 2.28%) | $226 | $693 | $1,181 |
| Trading costs (broker commissions) | $30 | $91 | $155 |
| Lost growth on money paid in costs | $29 | $130 | $296 |
| Total costs | $931 | $1,488 | $2,207 |
| Value after costs | $9,569 | $10,088 | $10,555 |
| Impact on return, per year | 9.31% | 4.71% | 3.91% |
DAMDX 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): 0.2996%
- Total broker commissions: $727K
- Bought from dealers (principal trades, not a cost): $284.3M
- Portfolio turnover (prospectus): 377%
- Securities on loan, average value: $12.0M
- Net income from securities lending: $14K (0.006% of average net assets)
DAMDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET INC | $151K | 23.43% |
| STATE STREET BANK & TRUST COMPANY | $94K | 14.60% |
| FIDELITY BROKERAGE SERVICES LLC | $88K | 13.64% |
| CITADEL SECURITIES LLC | $62K | 9.56% |
| COWEN GROUP | $59K | 9.09% |
| MIZUHO SECURITIES USA LLC | $49K | 7.51% |
| JEFFERIES GROUP | $46K | 7.04% |
| MORGAN STANLEY SMITH BARNEY | $42K | 6.47% |
| CITIBANK | $29K | 4.51% |
| GOLDMAN SACHS | $27K | 4.15% |
DAMDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY SMITH BARNEY | $2.4M | 100.00% |
| U.S. BANCORP INVESTMENTS, INC | $48 | 0.00% |
Dunham Monthly Distribution Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNMDX | Class N | 2.03% | none |
| DAMDX | Class A | 2.28% | 5.75% |
| DCMDX | Class C | 3.03% | 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.