# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0000910472-25-005971
**Filing Date:** 2025-12
**Character Count:** 14958
**Document Hash:** 8b671dc836911c506d38a5884abc383e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005971.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-005971

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**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:** 251604011

**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:** 2025-10-31

**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:** $212580064.57

**Total Liabilities:** $253909.34

**Net Assets:** $212326155.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000107186 | -1.58%               | 2.10%                | 3.33%                |
| Class ID C000107187 | -1.49%               | 2.18%                | 3.44%                |
| Class ID C000107185 | -1.52%               | 2.14%                | 3.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2610992.64              | $-5485657.58                               |
| Month 2  | $4541929.64              | $-30992.42                                 |
| Month 3  | $1655743.32              | $5493654.65                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Alphabet Inc.                | ALPHABET INC-C                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     16404 | NS      | $4622975.28   | 2.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology Inc       | MARVELL TECHNOLO                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34077 | NS      | $3194377.98   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc           | META PLATFORMS-A                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     19303 | NS      | $12515100.05  | 5.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuitive Surgical Inc.      | INTUITIVE SURGIC                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     13832 | NS      | $7390160.96   | 3.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc.  | ADV MICRO DEVICE                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     25961 | NS      | $6649131.32   | 3.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Design Systems, Inc. | CADENCE DESIGN                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     13977 | NS      | $4733870.13   | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Netflix, Inc.                | NETFLIX INC                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      7065 | NS      | $7904745.90   | 3.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Howmet Aerospace Inc         | HOWMET AEROSPACE                     | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     12701 | NS      | $2615770.95   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                     | VISA INC-CLASS A                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     17066 | NS      | $5815068.84   | 2.74%             |  |  |  | No            | 1                  | On Loan: No      |
| E L F Beauty Inc             | ELF BEAUTY INC                       | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     16305 | NS      | $1991492.70   | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| MasterCard Incorporated      | MASTERCARD INC-A                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     20970 | NS      | $11575230.30  | 5.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc          | ARISTA NETWORKS                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     35354 | NS      | $5574972.26   | 2.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc          | AXON ENTERPRISE                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2600 | NS      | $1903798.00   | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp.                 | ORACLE CORP                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     16770 | NS      | $4403969.70   | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Servicenow Inc               | SERVICENOW INC                       | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     14294 | NS      | $13140188.32  | 6.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Uber Technologies Inc        | UBER TECHNOLOGIE                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     52501 | NS      | $5066346.50   | 2.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercadolibre Inc             | MERCADOLIBRE INC                     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2681 | NS      | $6239384.06   | 2.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp.              | MICROSOFT CORP                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     27981 | NS      | $14488841.61  | 6.82%             |  |  |  | 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      |
| Eli Lilly & Co.              | ELI LILLY & CO                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2835 | NS      | $2446208.10   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp.                 | NVIDIA CORP                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     92202 | NS      | $18669982.98  | 8.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Insulet Corporation          | INSULET CORP                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      9747 | NS      | $3050908.47   | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Veeva Systems Inc            | VEEVA SYSTEMS-A                      | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     18995 | NS      | $5531344.00   | 2.61%             |  |  |  | No            | 1                  | On Loan: No      |
| The Trade Desk Inc           | TRADE DESK INC-A                     | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     34928 | NS      | $1756179.84   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuit Inc                   | INTUIT INC                           | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5190 | NS      | $3464584.50   | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com, Inc.             | AMAZON.COM INC                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     67565 | NS      | $16500724.30  | 7.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Palo Alto Networks Inc       | PALO ALTO NETWOR                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     24385 | NS      | $5370552.40   | 2.53%             |  |  |  | No            | 1                  | On Loan: —       |
| DexCom Inc                   | DEXCOM                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     35843 | NS      | $2086779.46   | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Robinhood Markets Inc        | ROBINHOOD MARK-A                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     39547 | NS      | $5804708.66   | 2.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Shopify Inc                  | SHOPIFY INC - A                      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     45445 | NS      | $7901067.70   | 3.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Crowdstrike Holdings Inc     | CROWDSTRIKE HO-A                     | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     12645 | NS      | $6866361.45   | 3.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Amphenol Corporation         | AMPHENOL CORP-A                      | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     19884 | NS      | $2770636.56   | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Coinbase Global Inc          | COINBASE GLOBA-A                     | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     10048 | NS      | $3454301.44   | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc    | PALANTIR TECHN-A                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     21731 | NS      | $4356413.57   | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Short-Term Invts T           | STIT-TR OBL-INS                      | CUSIP: 825252505<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   2682701 | PA      | $2682701.08   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Dunham Funds

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer