DNFRX Fees and Costs — Dunham Floating Rate Bond Fund, Class N
Data updated: 2026-09-28
The net expense ratio is 1.09%: a 0.86% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 45%.
DNFRX Fees and Expenses
Annual operating expenses and sales charges of DNFRX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 |
DNFRX Costs Over Time
On $10,000 invested in DNFRX, assuming 5% a year before costs, total costs come to $681 over 5 years, cutting the return by 1.14% 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 1.09%) | $114 | $357 | $618 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $374 | $681 |
| Value after costs | $10,386 | $11,202 | $12,082 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
DNFRX 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): $273.2M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $5.0M
- Net income from securities lending: $27K (0.015% of average net assets)
DNFRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase | $45.1M | 28.68% |
| Goldman Sachs | $24.4M | 15.53% |
| Bank of America Merrill Lynch | $19.6M | 12.48% |
| Morgan Stanley Smith Barney | $15.1M | 9.59% |
| CITIBANK | $11.5M | 7.33% |
| WELLS FARGO BANK | $10.2M | 6.49% |
| Barclays | $9.9M | 6.27% |
| DEUTSCHE BANK | $8.3M | 5.27% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $7.0M | 4.43% |
| JEFFERIES GROUP | $6.2M | 3.93% |
Dunham Floating Rate 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 |
|---|---|---|---|
| DNFRX | Class N | 1.09% | none |
| DAFRX | Class A | 1.34% | 4.50% |
| DCFRX | Class C | 1.84% | 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.