Access 15 asset classes managed by up to 13 institutional asset managers.
The Dunham Asset Allocation Program (AAP)
Professional portfolio management built on fairness and accountability. The Dunham AAP is a comprehensive investment solution that combines institutional-quality sub-advisers with our proprietary strategic asset allocation methodology. Using advanced models alongside the expertise of our Investment Committee, we build balanced portfolios across multiple asset classes.
More than diversification – true strategic allocation
Managers are generally chosen through our 10-step due diligence process.
Our sub-advisers are compensated based on performance — they earn more when they outperform, and less when they don’t.
Three programs designed for different needs
Designed for advisors seeking flexibility, customization, and enhanced allocation capabilities.
Share Class: N (Institutional)
Account Minimums
Qualified: $25,000
Non-qualified: $50,000
Advisory Fee Options for Financial Advisors
Quarterly AUM-Based Advisory Fee
Performance-Based Fees
*Performance-based fees are available only to qualified clients and subject to eligibility requirements with certain RIAs and broker-dealers.
Cash Management
Insured Deposit Marketplace (IDM): cash management account offering a competitive yield and $60 million of FDIC insurance
Program Features
Choice of Dunham’s U.S.-focused core models or globally diversified models, each aligned to appropriate market benchmarks
Access to DunhamDC, Dunham’s tactical investment overlay
Combines long-term strategic allocation with ongoing tactical adjustments in a single portfolio
Access to securities-based lending through the Dunham Easy Access Loan (DEAL) program
Quarterly rebalancing and reallocation
Available directly through Dunham without the need for full back-office services
An allocation solution for advisors serving smaller or emerging accounts.
Share Class: A (Load-Waived)
Small Account Minimums
Qualified: $5,000
Non-qualified: $10,000
Advisory Fee Options for Financial Advisors
Quarterly AUM-Based Advisory Fee
Cash Management
Money market option available through BlackRock FedFund
Program Features
Access to Dunham’s tactical investment overlay - DunhamDC
Quarterly rebalancing and reallocation
Commission-based access to asset allocation for eligible advisors and clients.
Share Class: C (contingent deferred sales charge)
Account Minimums
Qualified: $5,000
Non-qualified: $10,00
Compensation & Eligibility
Monthly commissions
Available to advisors with Series 6 or Series 7
With Dunham AAP, you and your clients gain access to institutional-level resources, high-level investment strategies, and comprehensive back-office support — all designed to help solve complex client challenges and strengthen advisor-client relationships.
The compensation of Sub-Advisers is tied directly to the performance of funds relative to applicable benchmarks. Dunham serves as adviser and distributor of the Dunham Funds and as such, receives an additional fee. Some sub-advisers may receive a fee regardless of whether they meet or exceed their benchmark.