DCEMX Performance — Dunham Emerging Markets Stock Fund, Class C
Data updated: 2026-09-28
DCEMX returned +17.08% year to date and +33.89% over one year to Jul 2026. Annualised returns are +15.79% over 3 years and +3.73% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $155, against $164 for the category, and to $134 over one year, against $134. Volatility over the past three years was 17.88% a year. In the 12 months to Jul 2026 the fund lost a net $60.2M, and assets reached $103.17M.
DCEMX Growth of $100
What $100 invested in Dunham Emerging Markets Stock Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | DCEMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $134 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $155 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $120 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $159 | $188 |
DCEMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.08% |
| 1 year | +33.89% |
| 3 years (annualised) | +15.79% |
| 5 years (annualised) | +3.73% |
DCEMX Annual Returns
Calendar-year total returns of Dunham Emerging Markets Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +17.08% |
| 2025 | +28.91% |
| 2024 | +4.85% |
| 2023 | +6.16% |
| 2022 | −25.20% |
| 2021 | −7.28% |
| 2020 | +23.86% |
| 2019 (Aug–Dec) | +10.05% |
DCEMX 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 | +9.4% | +6.9% | −9.9% | +15.2% | +7.1% | +0.9% | −10.7% | — | — | — | — | — |
| 2025 | −0.1% | −0.2% | +1.9% | +0.6% | +3.6% | +6.1% | +0.4% | +2.0% | +6.9% | +4.5% | −3.2% | +3.6% |
| 2024 | −3.1% | +4.7% | +1.5% | −0.5% | +1.9% | +5.0% | −1.9% | +0.8% | +2.7% | −3.9% | −2.1% | 0.0% |
| 2023 | +10.0% | −7.9% | +2.8% | −2.7% | −1.1% | +4.3% | +3.5% | −5.5% | −3.8% | −2.8% | +8.0% | +2.8% |
| 2022 | −1.8% | −5.3% | −4.9% | −6.4% | +1.3% | −4.8% | −1.5% | −1.0% | −11.3% | −3.7% | +15.8% | −2.8% |
| 2021 | +2.9% | +1.4% | −2.8% | +1.1% | −0.4% | +0.2% | −5.2% | +1.7% | −3.6% | +2.4% | −5.0% | +0.3% |
| 2020 | −5.0% | −3.6% | −17.1% | +10.2% | +1.4% | +7.5% | +8.3% | +2.4% | −0.8% | +1.6% | +13.2% | +7.4% |
| 2019 | — | — | — | — | — | — | — | −3.0% | +0.8% | +4.4% | +0.5% | +7.2% |
DCEMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.88%
- 3-year Sharpe ratio: 0.63 (vs 4.5% risk-free rate)
- Best month: +15.18% (Apr 2026)
- Worst month: −10.68% (Jul 2026)
DCEMX Fund Flows
Monthly money in and out of Dunham Emerging Markets Stock Fund, from SEC Form N-PORT.
- 12-month net flow: −$60.2M
- 12-month gross sales (incl. reinvestments): $31.3M
- Sales ÷ redemptions: 0.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.4M | $2.0M | $366K |
| Jun 2026 | $3.8M | $34.5M | −$30.8M |
| May 2026 | $425K | $3.2M | −$2.8M |
| Apr 2026 | $1.8M | $2.9M | −$1.1M |
| Mar 2026 | $605K | $22.6M | −$22.0M |
| Feb 2026 | $2.4M | $2.7M | −$363K |
| Jan 2026 | $1.3M | $2.4M | −$1.2M |
| Dec 2025 | $6.7M | $2.4M | $4.3M |
| Nov 2025 | $1.9M | $1.2M | $688K |
| Oct 2025 | $2.6M | $3.5M | −$882K |
| Sep 2025 | $1.0M | $12.4M | −$11.4M |
| Aug 2025 | $6.5M | $1.7M | $4.8M |
DCEMX Assets Under Management
Net assets of Dunham Emerging Markets Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $103.17M |
| 2026-04-30 | $136.69M |
| 2026-01-31 | $147.31M |
| 2025-10-31 | $133.42M |
| 2025-07-31 | $123.21M |
| 2025-04-30 | $133.03M |
| 2025-01-31 | $118.04M |
| 2024-10-31 | $115.24M |
| 2024-07-31 | $112.79M |
| 2024-04-30 | $109.72M |
| 2024-01-31 | $105.09M |
| 2023-10-31 | $99.60M |
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.