DASPX Fees and Costs — Dunham US Enhanced Market Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.56%. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 0.75%. Portfolio turnover was 39%.
DASPX Fees and Expenses
Annual operating expenses and sales charges of DASPX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.08% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.56% |
| Fee waiver | — |
| Net expense ratio | 1.56% |
| 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 |
DASPX Costs Over Time
On $10,000 invested in DASPX, assuming 5% a year before costs, total costs come to $1,643 over 5 years, cutting the return by 2.85% 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 1.56%) | $154 | $479 | $826 |
| Lost growth on money paid in costs | $29 | $114 | $243 |
| Total costs | $831 | $1,168 | $1,643 |
| Value after costs | $9,669 | $10,408 | $11,120 |
| Impact on return, per year | 8.31% | 3.66% | 2.85% |
DASPX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $162.5M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
DASPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES | $78.0M | 48.00% |
| MORGAN STANLEY SMITH BARNEY | $57.2M | 35.23% |
| GOLDMAN SACHS | $22.3M | 13.71% |
| JPMORGAN CHASE | $5.0M | 3.06% |
Dunham US Enhanced Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNSPX | Class N | 1.30% | none |
| DASPX | Class A | 1.56% | 5.75% |
| DCSPX | Class C | 2.30% | 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.