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The Fund seeks to provide current income and capital appreciation.
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SCM Advisors LLC
operates as an independent investment management firm providing services
to foundations, endowments, corporations, public funds, multi-employer plans, private clients and high
net worth individuals. SCM is the Sub-Adviser for the Dunham Corporate/Government Bond Fund.
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| DCCGX |
| 265458208 |
| C-Shares |
| 201 |
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| Monthly |
| December* |
| 12/10/2004 |
| October |
* If applicable
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For Class C shares, the initial minimum investment amount for regular accounts is $5,000, and for taxdeferred
and certain tax efficient accounts (such as Roth IRAs) is $2,000. The minimum subsequent
investment is $100. An account fee of $15 annually will be charged for all non-retirement accounts with a
balance below $2,500. The account fee will not be charged if the balance falls below $2,500 due solely to
depreciation of the investment. The fee is waived if your total investment amount in all Funds combined is
$50,000 or more. There is no minimum initial investment for employee benefit plans, mutual fund
platform platforms, supermarket programs, associations, and individual retirement accounts. The
minimum subsequent investment in the Trust is $100 and there is no minimum subsequent investment for
any Fund. The Trust reserves the right at any time to vary the initial and subsequent investment
minimums.
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Investors should consider the investment objectives, risk factors, charges, and expenses of
the Dunham Funds carefully before investing. This and other important information is contained
in the Fund's summary prospectus and/or prospectus, which may be obtained by contacting your
financial advisor, or by calling toll free (800) 442-4358. Please read prospectus materials
carefully before investing or sending money. Investing involves risk, including possible
loss of principal.
The N share class is offered either through brokerage platforms under contractual
agreement with the registered investment adviser or through registered investment advisers as part
of an advisory program, which includes advisory fees in addition to those presented in the
prospectus. Dunham Class C shares have no initial sales charge or contingent deferred sales
charge (CDSC). Class C shares are subject to a distribution and service fee of up to 1.00%
annually. Dunham Class A shares are offered at their public offering price, which is net asset
value per share plus the applicable sales charge. The sales charge varies, depending on how much you invest.
There are no sales charges on reinvested dividends. See the A shares prospectus for descriptions of
each Fund's front-end sales charge ("FESC") and purchase amount breakpoints, as well as ways to
reduce your sales charge. Class A shares are subject to a service fee of 0.25% annually.
While the Fund invests in bonds that the U.S. government or its agencies guarantee, the Fund is neither
insured nor guaranteed by the FDIC or any other government agency. In general, the prices of bonds fall when
interest rates rise and rise when interest rates fall. Bonds with longer maturities can be more sensitive to
interest rate changes. Long-term bonds tend to react to changes in long-term interest rates, which may cause
the principal to fluctuate in speculative interest rate environments. The Fund invests in synthetic instruments,
the value of which may not correlate perfectly with the overall securities markets. Some synthetic instruments
are more sensitive to interest rate changes and market price fluctuations than others. The Fund may invest in
mortgage-backed securities, which may lose value. Interest rate increases can cause the price of a mortgage
security to decrease. Mortgage securities are subject to prepayment risk, which can limit gains due to declining
interest rates, and increase losses due to rising rates.
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Funds Distributed by Dunham & Associates Investment Counsel, Inc., Member FINRA/SIPC.
Dunham Funds direct shareholders (including accounts transfered from the Kelmoore Strategy Funds), please click here:
http://www.dunham.com/direct
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