DNSVX Performance — Dunham Small Cap Value Fund, Class N
Data updated: 2026-09-28
DNSVX returned +22.75% year to date and +37.32% over one year to Jul 2026. Annualised returns are +14.90% over 3 years and +9.84% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $152, against $147 for the category, and to $137 over one year, against $131. Volatility over the past three years was 18.57% a year. In the 12 months to Jul 2026 the fund lost a net $29.0M, and assets reached $92.86M.
DNSVX Growth of $100
What $100 invested in Dunham Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | DNSVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $137 | $131 |
| 3 years (Aug 2023 – Jul 2026) | $152 | $147 |
| 5 years (Aug 2021 – Jul 2026) | $160 | $154 |
| Since data start (Aug 2019 – Jul 2026) | $198 | $214 |
DNSVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.75% |
| 1 year | +37.32% |
| 3 years (annualised) | +14.90% |
| 5 years (annualised) | +9.84% |
DNSVX Annual Returns
Calendar-year total returns of Dunham Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +22.75% |
| 2025 | +9.77% |
| 2024 | +7.95% |
| 2023 | +15.34% |
| 2022 | −12.02% |
| 2021 | +32.32% |
| 2020 | −2.59% |
| 2019 (Aug–Dec) | +4.05% |
DNSVX 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 | +6.9% | +3.5% | −5.0% | +10.2% | +2.2% | +5.7% | −1.9% | — | — | — | — | — |
| 2025 | +2.0% | −5.0% | −5.9% | −4.5% | +5.5% | +5.5% | +1.3% | +7.5% | +0.9% | −0.8% | +2.8% | +1.0% |
| 2024 | −3.2% | +3.4% | +4.3% | −6.9% | +5.3% | −1.6% | +8.7% | −1.0% | +0.3% | −3.0% | +10.0% | −7.0% |
| 2023 | +8.5% | −1.7% | −6.9% | −2.0% | −3.0% | +9.2% | +7.4% | −3.9% | −5.4% | −4.8% | +7.9% | +11.7% |
| 2022 | −3.9% | +2.3% | −0.8% | −6.8% | +2.3% | −9.5% | +9.7% | −5.6% | −9.7% | +13.2% | +5.7% | −6.7% |
| 2021 | +1.8% | +11.9% | +5.3% | +2.9% | +2.9% | −1.7% | −2.1% | +1.4% | −0.8% | +4.0% | −2.0% | +5.7% |
| 2020 | −5.3% | −10.0% | −24.3% | +13.8% | +1.5% | +2.7% | +1.6% | +3.3% | −4.4% | +2.4% | +16.8% | +6.0% |
| 2019 | — | — | — | — | — | — | — | −5.4% | +5.6% | +0.9% | +0.5% | +2.7% |
DNSVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 18.57%
- 3-year Sharpe ratio: 0.56 (vs 4.5% risk-free rate)
- Best month: +11.73% (Dec 2023)
- Worst month: −6.99% (Dec 2024)
DNSVX Fund Flows
Monthly money in and out of Dunham Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$29.0M
- 12-month gross sales (incl. reinvestments): $18.3M
- Sales ÷ redemptions: 0.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $718K | $1.0M | −$303K |
| Jun 2026 | $1.0M | $6.1M | −$5.1M |
| May 2026 | $413K | $2.2M | −$1.7M |
| Apr 2026 | $560K | $2.2M | −$1.6M |
| Mar 2026 | $421K | $3.6M | −$3.2M |
| Feb 2026 | $660K | $1.9M | −$1.2M |
| Jan 2026 | $797K | $1.4M | −$576K |
| Dec 2025 | $7.0M | $12.8M | −$5.8M |
| Nov 2025 | $662K | $782K | −$120K |
| Oct 2025 | $1.4M | $1.0M | $372K |
| Sep 2025 | $608K | $13.4M | −$12.8M |
| Aug 2025 | $4.1M | $1.1M | $3.0M |
DNSVX Assets Under Management
Net assets of Dunham Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $92.86M |
| 2026-04-30 | $94.44M |
| 2026-01-31 | $93.23M |
| 2025-10-31 | $94.97M |
| 2025-07-31 | $96.69M |
| 2025-04-30 | $98.69M |
| 2025-01-31 | $104.20M |
| 2024-10-31 | $99.28M |
| 2024-07-31 | $105.26M |
| 2024-04-30 | $80.90M |
| 2024-01-31 | $72.68M |
| 2023-10-31 | $59.98M |
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.