LSEG Lipper Fund Awards United States 2025 Winner, Dunham International Opportunity Bond Fund (DNIOX), best International Income Fund over 3 years.
LSEG Lipper Fund Awards United States 2025 Winner, Dunham International Stock Fund (DNINX), best International Multi-Cap Core fund over 5 years.
SAN DIEGO, April 2, 2025 /PRNewswire/ -- Dunham & Associates Investment Counsel, Inc. ("Dunham" or "Dunham & Associates) announces that two of its mutual funds—the Dunham International Opportunity Bond Fund (DNIOX) and the Dunham International Stock Fund (DNINX)—have been honored with 2025 LSEG Lipper Fund Awards. This year's LSEG Lipper Fund Award winners were announced online at LipperFundAwards.com and in person at the awards ceremony on March 14, 2025 at the Manhatta restaurant in New York City. For more than 30 years, the awards have recognized funds and fund managers which have generated consistently strong, risk-adjusted returns over three-, five-, and 10-year periods. The LSEG Lipper Fund Awards are determined based on the Lipper Leader for Consistent Return rating, an objective, quantitative, and risk-adjusted benchmark.
"We are honored that Lipper has recognized the outperformance of our International Funds," said Ryan Dykmans, CFA, Chief Investment Officer at Dunham. "The benefits of investing in international stocks and bonds are becoming increasingly evident in today's market. As conditions evolve, access to institutional-level sub-advisers and global diversification can serve as a timely and strategic opportunity for investors."
The Dunham International Opportunity Bond Fund (DNIOX) received the U.S. Fund Award in the International Income Fund category, for its three-year performance. The fund differentiates itself by being one of only seven funds in the U.S. that offer pure international exposure.
"When diversifying a fixed-income portfolio, having style and asset class purity is paramount, and this Fund's disciplined dedication to foreign bonds allows wealth managers to control exposures and risks effectively," said Jason G. Greer, CFA, Senior Analyst at Dunham.
The Fund seeks to deliver a high level of current income, along with capital appreciation, through investments in international fixed income. Virtus Fixed Income Advisers, LLC, part of Virtus Investment Partners Inc., acts as sub-adviser to the Fund.
The Dunham International Stock Fund (DNINX) received the U.S. Fund Award in the International Multi-Cap Core category, for its five-year performance. Managed by sub-advisor Arrowstreet Capital, LP, the Fund is designed to maximize total returns through capital appreciation and dividend income from international stocks. With an unconstrained investment approach, the Fund has the flexibility to invest in what it views as the most compelling equities across global markets, providing investors with broad international exposure.
The Dunham Funds offer a diverse range of innovative mutual funds across multiple asset classes, designed to accommodate various client risk profiles while helping financial advisors potentially deliver steady returns and mitigate volatility. Backed by 40 years of expertise in selecting institutional managers, the Funds leverage institutional-level sub-advisers—strategies typically unavailable to retail investors. A key differentiator is the fulcrum-fee model, that compensates sub-advisers based on performance. This structure reflects Dunham's commitment to accountability, aligning the firm's success with that of its investors.
About Dunham & Associates Investment Counsel, Inc.
Dunham & Associates Investment Counsel, Inc. with its affiliate Dunham Trust Company is an accessible wealth and trust management firm that has been challenging the industry's thinking for nearly four decades. The company's differentiated investment strategies and approaches are designed to strengthen the investment process with the goals of relieving investment stress and striving to secure the best possible outcomes for clients.
Financial advisors can utilize Dunham's client service and asset allocation programs to optimize portfolio management. In addition to concierge back-office support, advisors can work with Dunham to create carefully engineered and well-balanced portfolios using innovative mutual fund strategies. The compensation of Dunham's sub-advisors is tied directly to the success of investments, in accordance with the firm's commitment to accessibility, accountability, and fairness.
Virtus Fixed Income Advisers, LLC ("VFIA"), "Stone Harbor Investment Partners division", 31 West 52nd Street, 16th Fl., New York, New York 10019, serves as the Sub-Adviser to the Dunham International Opportunity Bond Fund. Virtus Investment Partners, Inc. owns 100% of VFIA. As of December 31, 2024, the Stone Harbor Investment Partners division of VFIA had approximately $6.8 billion in assets under management.
About Arrowstreet Capital, Limited Partnership
Arrowstreet Capital, Limited Partnership (Arrowstreet) was founded in June 1999 as an independent private partnership that serves as a discretionary institutional global asset manager. Headquartered in Boston, MA, the firm is structured as a limited partnership that is wholly-owned and controlled by members of the firm's senior management team and non-executive directors. Arrowstreet has been a registered investment adviser with the SEC under the U.S. Investment Advisers Act of 1940, as amended, since July 1999. It had approximately $205.15 billion in assets under management as of December 31, 2024.
About LSEG Lipper Fund Award:
For more than 30 years and in over 17 countries worldwide, these highly-respected awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers.
Fund Classification Awards
The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or 10 years. For a detailed explanation, please review the Lipper Leader Methodology Document at https://www.lipperfundawards.com/Methodology
Disclosure:
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see www.lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper.
US Mutual Fund Classification
Best Fund
Share Class
Ticker
Funds in Category
International Income Funds
3 years
Class N
DNIOX
20
International Multi-Cap Core
5 years
Class N
DNINX
59
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 Dunham Funds' 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.
Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more less than their original cost. All investing involves risk.
The Sub-Adviser receives a fulcrum fee, which will vary based on the Sub-Adviser's performance against the benchmark. The Sub-Adviser is rewarded when performance exceeds the benchmark and is penalized when performance is short of the benchmark. Some Sub-Advisers receive minimum compensation regardless of whether or not an established performance benchmark is met or exceeded.
Dunham Funds are distributed by Dunham & Associates Investment Counsel, Inc., a Registered Investment Adviser and Broker/ Dealer. Member FINRA/ SIPC.
