What is a Fulcrum Fee?
Simply put, a fulcrum fee is a performance-based measurement that ties the sub-adviser’s earnings to how well the fund they manage performs. In practice, this aligns their interests with the interests of your clients invested in our Dunham Funds so we are always working toward the same goal—the success of the end-client.
When our sub-advisers outperform their applicable benchmark, they are rewarded. When they underperform, their compensation is less. All of our public mutual funds operate using a fulcrum fee.