DAREX Performance — Dunham Real Estate Stock Fund, Class A
Data updated: 2026-09-28
DAREX returned +16.44% year to date and +13.21% over one year to Jul 2026. Annualised returns are +7.19% over 3 years and −3.79% over 5 years. The fund trailed its Real Estate category average: $100 invested three years ago grew to $123, against $132 for the category, and to $113 over one year, against $118. Volatility over the past three years was 17.04% a year. In the 12 months to Jul 2026 the fund took in a net $20.2M, and assets reached $75.27M.
DAREX Growth of $100
What $100 invested in Dunham Real Estate Stock Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | DAREX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $113 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $123 | $132 |
| 5 years (Aug 2021 – Jul 2026) | $82 | $117 |
| Since data start (Aug 2019 – Jul 2026) | $112 | $152 |
DAREX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.44% |
| 1 year | +13.21% |
| 3 years (annualised) | +7.19% |
| 5 years (annualised) | −3.79% |
DAREX Annual Returns
Calendar-year total returns of Dunham Real Estate Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +16.44% |
| 2025 | −6.14% |
| 2024 | +6.89% |
| 2023 | +13.27% |
| 2022 | −39.61% |
| 2021 | +9.72% |
| 2020 | +20.44% |
| 2019 (Aug–Dec) | +6.14% |
DAREX 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 | +2.8% | +7.2% | −6.1% | +7.9% | −0.8% | +2.3% | +2.7% | — | — | — | — | — |
| 2025 | −0.1% | −0.4% | −5.5% | −2.3% | +3.7% | +1.1% | +0.2% | +0.6% | −1.5% | −1.4% | +1.9% | −2.4% |
| 2024 | −4.1% | +1.8% | +4.2% | −7.9% | +7.2% | +1.9% | +6.7% | +1.3% | +3.0% | −3.3% | +4.5% | −7.3% |
| 2023 | +12.5% | −5.6% | −1.6% | −0.6% | −4.2% | +5.2% | +2.5% | −1.4% | −7.8% | −5.5% | +12.4% | +9.2% |
| 2022 | −11.3% | −4.8% | +5.1% | −5.7% | −6.2% | −8.7% | +7.1% | −6.1% | −14.5% | +2.0% | +5.2% | −8.7% |
| 2021 | −2.5% | +6.0% | −0.8% | +4.6% | +0.6% | +3.6% | −5.0% | +5.0% | −6.0% | +5.7% | −6.5% | +5.7% |
| 2020 | +1.3% | −4.2% | −12.3% | +9.1% | +4.9% | +1.9% | +6.6% | +0.7% | −1.2% | −4.1% | +12.0% | +6.5% |
| 2019 | — | — | — | — | — | — | — | +3.7% | +1.7% | +1.9% | −1.2% | 0.0% |
DAREX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.04%
- 3-year Sharpe ratio: 0.16 (vs 4.5% risk-free rate)
- Best month: +12.39% (Nov 2023)
- Worst month: −7.90% (Apr 2024)
DAREX Fund Flows
Monthly money in and out of Dunham Real Estate Stock Fund, from SEC Form N-PORT.
- 12-month net flow: $20.2M
- 12-month gross sales (incl. reinvestments): $29.4M
- Sales ÷ redemptions: 3.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $581K | $1.7M | −$1.1M |
| Jun 2026 | $2.3M | $544K | $1.8M |
| May 2026 | $471K | $631K | −$160K |
| Apr 2026 | $491K | $778K | −$287K |
| Mar 2026 | $338K | $1.0M | −$711K |
| Feb 2026 | $1.2M | $315K | $876K |
| Jan 2026 | $1.2M | $595K | $605K |
| Dec 2025 | $9.8M | $1.7M | $8.1M |
| Nov 2025 | $1.1M | $345K | $708K |
| Oct 2025 | $991K | $840K | $152K |
| Sep 2025 | $8.7M | $157K | $8.5M |
| Aug 2025 | $2.3M | $553K | $1.7M |
DAREX Assets Under Management
Net assets of Dunham Real Estate Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $75.27M |
| 2026-04-30 | $71.64M |
| 2026-01-31 | $66.04M |
| 2025-10-31 | $55.79M |
| 2025-07-31 | $46.55M |
| 2025-04-30 | $50.79M |
| 2025-01-31 | $46.47M |
| 2024-10-31 | $46.81M |
| 2024-07-31 | $50.66M |
| 2024-04-30 | $46.28M |
| 2024-01-31 | $57.76M |
| 2023-10-31 | $63.82M |
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.