# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0001752724-25-162764
**Filing Date:** 2025-6
**Character Count:** 14645
**Document Hash:** 218b1eb1027f2d80f7223f0409106a5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162764.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162764

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dunham Funds
- **CENTRAL INDEX KEY:** 0001420040

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22153
- **FILM NUMBER:** 251089876

**BUSINESS ADDRESS:**
- **STREET 1:** 6256 GREENWICH DRIVE
- **STREET 2:** SUITE 550
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92122
- **BUSINESS PHONE:** 858-964-0500

**MAIL ADDRESS:**
- **STREET 1:** 6256 GREENWICH DRIVE
- **STREET 2:** SUITE 550
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92122

## Series and Classes Contracts Data

### Dunham Focused Large Cap Growth Fund (Series ID: S000034854)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000107185 | Dunham Focused Large Cap Growth Fund Class A | DAFGX           |
| C000107186 | Dunham Focused Large Cap Growth Fund Class C | DCFGX           |
| C000107187 | Dunham Focused Large Cap Growth Fund Class N | DNFGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Dunham Funds

- **b. Investment Company Act file number:** 811-22153

- **c. CIK number of Registrant:** 0001420040

- **d. LEI of Registrant:** 549300FI2C3SP4YCHL80

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 6256 Greenwich Dr

  - **City:** SAN DIEGO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92122

  - **Telephone number:** 858-964-0500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Dunham Focused Large Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000034854

- **c. LEI of Series:** 549300RBSK31DR791214

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $200372312.76

**Total Liabilities:** $216032.80

**Net Assets:** $200156279.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000107185 | -4.42%               | -10.08%              | 3.98%                |
| Class ID C000107186 | -4.48%               | -10.13%              | 3.93%                |
| Class ID C000107187 | -4.42%               | -10.04%              | 4.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $41.59                   | $-7912383.13                               |
| Month 2  | $2782502.79              | $-20891837.88                              |
| Month 3  | $-877581.50              | $9846534.07                                |

### Schedule of Portfolio Investments

| Name                         | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Advanced Micro Devices Inc.  | ADV MICRO DEVICE                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     30028 | NS      | $2923225.80   | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com, Inc.             | AMAZON.COM INC                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     78898 | NS      | $14550369.16  | 7.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Inc.                   | APPLE INC                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     36587 | NS      | $7774737.50   | 3.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc          | ARISTA NETWORKS                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     29138 | NS      | $2397183.26   | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc          | AXON ENTERPRISE                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      4832 | NS      | $2963465.60   | 1.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackstone Inc               | BLACKSTONE INC                       | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     34474 | NS      | $4540570.54   | 2.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Design Systems, Inc. | CADENCE DESIGN                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     11557 | NS      | $3440981.18   | 1.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Chipotle Mexican Grill Inc   | CHIPOTLE MEXICAN                     | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117389 | NS      | $5930492.28   | 2.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Crowdstrike Holdings Inc     | CROWDSTRIKE HO-A                     | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     11950 | NS      | $5124996.50   | 2.56%             |  |  |  | No            | 1                  | On Loan: No      |
| DexCom Inc                   | DEXCOM                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     43722 | NS      | $3120876.36   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| E L F Beauty Inc             | ELF BEAUTY INC                       | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     18859 | NS      | $1166806.33   | 0.58%             |  |  |  | No            | 1                  | On Loan: —       |
| Meta Platforms Inc           | META PLATFORMS-A                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     19183 | NS      | $10531467.00  | 5.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Insulet Corporation          | INSULET CORP                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     11934 | NS      | $3010828.86   | 1.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Intuit Inc                   | INTUIT INC                           | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5216 | NS      | $3272883.52   | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuitive Surgical Inc.      | INTUITIVE SURGIC                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     16964 | NS      | $8750031.20   | 4.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Eli Lilly & Co.              | ELI LILLY & CO                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3366 | NS      | $3025865.70   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology Inc       | MARVELL TECHNOLO                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42072 | NS      | $2455742.64   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| MasterCard Incorporated      | MASTERCARD INC-A                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     24255 | NS      | $13293195.30  | 6.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercadolibre Inc             | MERCADOLIBRE INC                     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2954 | NS      | $6885330.90   | 3.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp.              | MICROSOFT CORP                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     28615 | NS      | $11310364.90  | 5.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Netflix, Inc.                | NETFLIX INC                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      9284 | NS      | $10506888.48  | 5.25%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp.                 | NVIDIA CORP                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    129593 | NS      | $14115269.56  | 7.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc    | PALANTIR TECHN-A                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     21700 | NS      | $2570148.00   | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Palo Alto Networks Inc       | PALO ALTO NETWOR                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     22878 | NS      | $4276584.54   | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Salesforce Inc.              | SALESFORCE INC                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     22375 | NS      | $6012386.25   | 3.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Servicenow Inc               | SERVICENOW INC                       | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     16470 | NS      | $15729014.70  | 7.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Shopify Inc                  | SHOPIFY INC - A                      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     39596 | NS      | $3761620.00   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Short-Term Invts T           | STIT-TR OBL-INS                      | CUSIP: 825252505<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   3106836 | PA      | $3106836.10   | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| The Trade Desk Inc           | TRADE DESK INC-A                     | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     40401 | NS      | $2166705.63   | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Uber Technologies Inc        | UBER TECHNOLOGIE                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     68250 | NS      | $5528932.50   | 2.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Veeva Systems Inc            | VEEVA SYSTEMS-A                      | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     18038 | NS      | $4215300.22   | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                     | VISA INC-CLASS A                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     24465 | NS      | $8452657.50   | 4.22%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                          | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| ASML Holding N.V.            | ASML HOLDING-NY                      | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      5009 | NS      | $3346412.72   | 1.67%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

**Name of Applicant:** Dunham Funds

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer