# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0000910472-26-009773
**Filing Date:** 2026-6
**Character Count:** 18215
**Document Hash:** c1d22fa62bf7c06f0982cd3f47ae5b1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009773.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000910472-26-009773

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**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:** 261123221

**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 Real Estate Stock Fund (Series ID: S000020971)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000059508 | Dunham Real Estate Stock Fund Class A | DAREX           |
| C000059509 | Dunham Real Estate Stock Fund Class C | DCREX           |
| C000059510 | Dunham Real Estate Stock Fund Class N | DNREX           |

## 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 Real Estate Stock Fund

- **b. EDGAR series identifier (if any):** S000020971

- **c. LEI of Series:** 549300NHRSYVLPC3PQ36

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $71938094.20

**Total Liabilities:** $293836.46

**Net Assets:** $71644257.74

**Cash Not Reported:** $43700.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059510 | 7.07%                | -5.98%               | 7.91%                |
| Class ID C000059508 | 7.18%                | -6.08%               | 7.94%                |
| Class ID C000059509 | 7.06%                | -6.13%               | 7.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $50533.03                | $4653038.72                                |
| Month 2  | $429139.13               | $-5032713.33                               |
| Month 3  | $-141340.25              | $5419922.34                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| GOODMAN GROUP                          | GOODMAN GROUP                        | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     15140 | NS      | $322443.08    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| UNIBAIL-RODAMCO-WESTFIELD SE           | UNIBAIL-RODAMCO-                     | CUSIP: F95094581<br>LEI: 969500SHQITWXSIS7N89 | Long             | EC               | CORP              | FR        |     13592 | NS      | $1644952.69   | 2.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CITY DEVELOPMENTS LTD                  | City Developments Ltd                | CUSIP: V23130111<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |     89798 | NS      | $575641.77    | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| PROLOGIS INC                           | PROLOGIS INC                         | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     43376 | NS      | $6160259.52   | 8.60%             |  |  |  | No            | 1                  | On Loan: No      |
| VICINITY CENTRES RE LTD                | Vicinity Centres                     | CUSIP: Q9395F102<br>LEI: 549300S7GOEVR0EGFN47 | Long             | EC               | CORP              | AU        |    446742 | NS      | $807345.68    | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| FIDELITY COLCHESTER STREET TRUST       | FID-MM GOVT-I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    480888 | PA      | $480888.42    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| NIPPON ACCOMMODATIONS FUND INC         | MITSUI FUDOSAN A                     | CUSIP: J52066107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2285 | NS      | $1907499.07   | 2.66%             |  |  |  | No            | 1                  | On Loan: No      |
| SIMON PROPERTY GROUP INC               | SIMON PROPERTY                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     18059 | NS      | $3678798.89   | 5.13%             |  |  |  | No            | 1                  | On Loan: No      |
| DIGITAL REALTY TRUST INC               | DIGITAL REALTY                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     10582 | NS      | $2126347.08   | 2.97%             |  |  |  | No            | 1                  | On Loan: No      |
| CURBLINE PROPERTIES CORP               | CURBLINE PROPERT                     | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |     73228 | NS      | $2021092.80   | 2.82%             |  |  |  | No            | 1                  | On Loan: —       |
| FRONTVIEW REIT INC                     | FRONTVIEW REIT I                     | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27369 | NS      | $484431.30    | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| LONDONMETRIC PROPERTY PLC              | LONDONMETRIC PRO                     | CUSIP: G5689W109<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               | CORP              | GB        |    391481 | NS      | $1008686.14   | 1.41%             |  |  |  | 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      |
| ESSENTIAL PROPERTIES REALTY TRUST INC  | ESSENTIAL PROPER                     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     73394 | NS      | $2306773.42   | 3.22%             |  |  |  | No            | 1                  | On Loan: —       |
| EQUITY RESIDENTIAL                     | EQUITY RESIDENTI                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     24283 | NS      | $1587622.54   | 2.22%             |  |  |  | No            | 1                  | On Loan: —       |
| TRITAX BIG BOX REIT PLC                | TRITAX BIG BOX R                     | CUSIP: G9101W101<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |    498249 | NS      | $1023502.19   | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| NATIONAL HEALTH INVESTORS INC          | NATL HEALTH INV                      | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     20814 | NS      | $1600804.74   | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| CHARTWELL RETIREMENT RESIDENCES        | CHARTWELL RETIRE                     | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |     65841 | NS      | $1044048.90   | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC     | NATIONAL HEALTHC                     | CUSIP: 42226B501<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EC               | CORP              | US        |     68735 | NS      | $881182.70    | 1.23%             |  |  |  | No            | 1                  | On Loan: —       |
| NIPPON BUILDING FUND INC               | Nippon Building Fund Inc             | CUSIP: J52088101<br>LEI: 52990053R8NL2MB32172 | Long             | EC               | CORP              | JP        |      1214 | NS      | $1016538.71   | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| INDEPENDENCE REALTY TRUST INC          | INDEPENDENCE REA                     | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    141702 | NS      | $2311159.62   | 3.23%             |  |  |  | No            | 1                  | On Loan: —       |
| LINK REAL ESTATE INVESTMENT TRUST      | LINK REIT                            | CUSIP: Y5281M111<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |    112522 | NS      | $563141.54    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| STOCKLAND TRUST MANAGEMENT LTD         | STOCKLAND                            | CUSIP: Q8773B105<br>LEI: 549300Y8E5TMSOLM7P64 | Long             | EC               | CORP              | AU        |    114250 | NS      | $333150.33    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| SMARTSTOP SELF STORAGE REIT INC        | SMARTSTOP SELF S                     | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     27459 | NS      | $864409.32    | 1.21%             |  |  |  | No            | 1                  | On Loan: —       |
| IRON MOUNTAIN INC (REIT)               | IRON MOUNTAIN                        | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     11362 | NS      | $1431498.38   | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| LENDLEASE GLOBAL COMMERCIAL REIT       | LENDLEASE GLOBAL                     | CUSIP: Y5229U100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   1478490 | NS      | $662046.85    | 0.92%             |  |  |  | Yes           | 1                  | On Loan: No      |
| JAPAN EXCELLENT INC                    | JAPAN EXCELLENT                      | CUSIP: J2739K109<br>LEI: 35380015J62221TE0D86 | Long             | EC               | CORP              | JP        |       571 | NS      | $521889.17    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPITALAND INTEGRATED COMMERCIAL TRUST | CAPITALAND MALL                      | CUSIP: Y0259J109<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |    148052 | NS      | $274486.99    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| BXP INC                                | BXP INC                              | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     32498 | NS      | $1899833.08   | 2.65%             |  |  |  | No            | 1                  | On Loan: No      |
| EXTRA SPACE STORAGE INC                | EXTRA SPACE STOR                     | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |     19360 | NS      | $2774868.80   | 3.87%             |  |  |  | No            | 1                  | On Loan: No      |
| AEDIFICA SA                            | AEDIFICA                             | CUSIP: B0130A108<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               | CORP              | BE        |     11574 | NS      | $976161.40    | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNSTONE HOTEL INVESTORS INC           | SUNSTONE HOTEL                       | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     83558 | NS      | $820539.56    | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| UI BOUSTEAD REIT                       | UI BOUSTEAD REIT                     | CUSIP: Y903PF107<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    721800 | NS      | $476312.13    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| WAREHOUSE DE PAUW NV                   | WAREHOUSES DE PA                     | CUSIP: B9T59Z100<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |     19172 | NS      | $504111.75    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| WELLTOWER INC                          | WELLTOWER INC                        | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     35661 | NS      | $7750561.74   | 10.82%            |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN HEALTHCARE REIT INC           | AMERICAN HEALTHC                     | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     65576 | NS      | $3329949.28   | 4.65%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPITALAND ASCENDAS REIT               | CAPLAND ASCENDAS                     | CUSIP: Y0205X103<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               | CORP              | SG        |    361000 | NS      | $706158.23    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| EQUINIX INC                            | EQUINIX INC                          | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5597 | NS      | $6060599.51   | 8.46%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST INC      | FIRST IND REALTY                     | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46133 | NS      | $2860707.33   | 3.99%             |  |  |  | No            | 1                  | On Loan: No      |
| UDR INC                                | UDR INC                              | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     28559 | NS      | $1037834.06   | 1.45%             |  |  |  | No            | 1                  | On Loan: —       |
| NEXTDC LTD                             | NEXTDC Ltd                           | CUSIP: Q6750Y106<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |     40293 | NS      | $413112.77    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| REGENCY CENTERS CORP                   | REGENCY CENTERS                      | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     11720 | NS      | $912402.00    | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| JANUS LIVING INC                       | JANUS LIVING A-1                     | CUSIP: 471024109<br>LEI: 2549003JCIOFKGHO7313 | Long             | EC               | CORP              | US        |     43107 | NS      | $1131127.68   | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| AGREE REALTY CORP                      | AGREE REALTY                         | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     30557 | NS      | $2356250.27   | 3.29%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Dunham Funds

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer