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.

Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. The N share class is only offered by registered investment advisers as part of an advisory program which includes advisory fees in addition to those presented in the prospectus. Funds distributed by Dunham & Associates Investment Counsel, Inc., member FINRA, SIPC. An investment in The Dunham Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. With respect to the risk scale assigned to the above list of securities, the standard deviation of historical asset class index returns used to measure risk (or volatility) indicates the variability of returns from the average return for that asset class. Performance tends to be more stable for products with a lower standard deviation. Historical standard deviation (risk) is not an indication of future expected risk.