DNCGX Fees and Costs — Dunham Corporate/Government Bond Fund, Class N
Data updated: 2026-09-28
The net expense ratio is 1.02%: a 0.80% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 35%.
DNCGX Fees and Expenses
Annual operating expenses and sales charges of DNCGX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
DNCGX Costs Over Time
On $10,000 invested in DNCGX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 |
| Fund expenses (net expense ratio 1.02%) | $107 | $334 | $579 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,226 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
DNCGX 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): $270.7M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $5.9M
- Net income from securities lending: $12K (0.005% of average net assets)
DNCGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $35.3M | 18.02% |
| GOLDMAN SACHS | $34.5M | 17.60% |
| JPMORGAN CHASE | $31.5M | 16.08% |
| MORGAN STANLEY SMITH BARNEY | $26.5M | 13.51% |
| CAPSTONE GLOBAL MKTS | $17.0M | 8.68% |
| WELLS FARGO BANK | $15.4M | 7.85% |
| DEUTSCHE BANK | $10.4M | 5.29% |
| BARCLAYS CAPITAL, INC. | $8.9M | 4.54% |
| TRUIST SECURITIES | $8.6M | 4.37% |
| JANE STREET | $8.0M | 4.06% |
Dunham Corporate/Government Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNCGX | Class N | 1.02% | none |
| DACGX | Class A | 1.27% | 4.50% |
| DCCGX | Class C | 1.77% | 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.