DNHYX Fees and Costs — Dunham High Yield Bond, Fund Class N
Data updated: 2026-09-28
The net expense ratio is 1.11%: a 0.91% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 69%.
DNHYX Fees and Expenses
Annual operating expenses and sales charges of DNHYX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.91% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| 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 |
DNHYX Costs Over Time
On $10,000 invested in DNHYX, assuming 5% a year before costs, total costs come to $693 over 5 years, cutting the return by 1.17% 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 1.11%) | $117 | $363 | $629 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $381 | $693 |
| Value after costs | $10,383 | $11,195 | $12,070 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
DNHYX 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): $235.9M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $38.8M
- Net income from securities lending: $125K (0.062% of average net assets)
DNHYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE | $39.5M | 22.16% |
| JEFFERIES GROUP | $24.0M | 13.49% |
| GOLDMAN SACHS | $22.5M | 12.62% |
| BANK OF AMERICA MERRILL LYNCH | $22.1M | 12.38% |
| CITIGROUP | $20.0M | 11.21% |
| MORGAN STANLEY SMITH BARNEY | $12.3M | 6.91% |
| BARCLAYS | $12.1M | 6.82% |
| WELLS FARGO BANK | $12.1M | 6.81% |
| JANNEY MONTGOMERY SCOTT LLC | $7.4M | 4.13% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $6.2M | 3.46% |
Dunham High Yield Bond Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNHYX | Fund Class N | 1.11% | none |
| DAHYX | Fund Class A | 1.36% | 4.50% |
| DCHYX | Fund Class C | 1.86% | 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.