At Dunham & Associates Investment Counsel, Inc. (DAIC) we believe the fees investors pay to investment managers
should be tied to the underlying performance of their funds. We were a pioneer of this method with our private
funds more than two decades ago. And now, all of our public mutual funds also operate on performance fees, also
commonly known as fulcrum fees.*
Simply said, alignment of interests. Investment managers’ earnings follow how well they perform for their clients.
Performance based funds are a distinctive solution for the savvy investor seeking an alternative to the common
industry practice of charging management fees regardless of whether your portfolio value is up, down or flat.
When the investment manager outperforms the applicable benchmark, compensation increases. Likewise, if they
underperform, they get less. Imagine that!
In Pursuit of Performance Exceeding Expectations
The Dunham Funds comprise a proprietary family of 10 sub-advised public mutual funds representing 10 unique asset
classes. We work with financial advisors to deliver highly disciplined wealth management strategies combined with access to some of the industry’s top tier institutional money managers, whose expertise is typically
not available to the public through other retail mutual fund platforms.
Make Dunham & Associates Investment Counsel, Inc. your performance-based choice. Ask your financial advisor how
to add Dunham Funds to your portfolio now.
*DAIC receives a separate fixed advisory fee. Investment managers have a baseline compensation with the ability to earn more
or less based upon performance.
DAIC is an FINRA registered broker-dealer and a Registered Investment Adviser. DAIC serves as Adviser to and Distributor of
The Dunham Funds.
Carefully consider the funds’ investment objectives, risk factors, charges and expenses before investing. This and other
information can be found in the Fund prospectus, which may be obtained by calling us at (800) 442-4358. Read the prospectus
carefully before investing. Investing involves risk, including possible loss of principal.
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