# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0000910472-26-009776
**Filing Date:** 2026-6
**Character Count:** 40731
**Document Hash:** 8a244a2842273d37cafd920a3d99a62e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009776.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000910472-26-009776

**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:** 261123224

**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 Long/Short Credit Fund (Series ID: S000020975)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000059520 | Dunham Long/Short Credit Fund Class A | DAAIX           |
| C000059521 | Dunham Long/Short Credit Fund Class C | DCAIX           |
| C000059522 | Dunham Long/Short Credit Fund Class N | DNAIX           |

## 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 Long/Short Credit Fund

- **b. EDGAR series identifier (if any):** S000020975

- **c. LEI of Series:** 549300HNTJP4LP1J7Y67

**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:** $345513566.05

**Total Liabilities:** $22298560.95

**Net Assets:** $323215005.10

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2971.88364800 | **1-Year:** 5190.68208200 | **5-Year:** 13773.44856900 | **10-Year:** 17076.36675100 | **30-Year:** 7709.28108100

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 117.05469400 | **1-Year:** -610.50785800 | **5-Year:** -25368.22118200 | **10-Year:** -162.50734800 | **30-Year:** 6970.54975100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059522 | 0.08%                | 0.01%                | 0.59%                |
| Class ID C000059521 | -0.10%               | -0.06%               | 0.56%                |
| Class ID C000059520 | 0.06%                | -0.01%               | 0.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $79799.60                | $22098.34                                  |
| Month 2  | $-267391.88              | $-2834232.79                               |
| Month 3  | $-156444.31              | $1536673.86                                |

**Designated Index Information**

- **Index Name:** Dunham Long/Short Credit Fund DRP

- **Index Identifier:** DUNHAM LONG/SHORT CREDIT FUND DRP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | B 06/11/26                           | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  42038000 | PA      | $41865883.40  | 12.95%            | 2026-06-11      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| Hut 8 DC LLC                                                                             | HUTRBA 6.192 11/15/42                | CUSIP: 44813DAA4<br>LEI: 2549001DBTVKADI7M690 | Long             | DBT              | CORP              | CA        |   2370000 | PA      | $2393588.70   | 0.74%             | 2042-11-15      | Fixed         | 6.19%                 | Yes           | 2                  | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                              | MAREDU 7.375 10/1/2029               | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2528734.85   | 0.78%             | 2029-10-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                                     | FTR 6 3/4 05/01/29                   | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    828000 | PA      | $828000.00    | 0.26%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| RAKUTEN GROUP INC                                                                        | RAKUTN 9 3/4 04/15/29                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   2010000 | PA      | $2202575.83   | 0.68%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           | 2                  | On Loan: No      |
| IHS HOLDING LTD (NEW)                                                                    | IHS 5 5/8 11/29/26                   | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |   2345000 | PA      | $2338337.25   | 0.72%             | 2026-11-29      | Fixed         | 5.62%                 | Yes           | 2                  | On Loan: No      |
| CDX.NA.HY SERIES 46                                                                      | MARKIT CDX.NA.HY.46 06/31            | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  17000000 | PA      | $-1208990.96  | -0.37%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                                      | IBOXXHY SWAP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     35897 | NS      | $-280360.59   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                                      | THE CAMPBELLS COMPANY                | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  10000000 | PA      | $-49495.84    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                                      | ALLSTATE CORP. (THE)                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  10000000 | PA      | $-290143.16   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                            | F 6.95 06/10/26                      | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2429000 | PA      | $2430011.05   | 0.75%             | 2026-06-10      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 4 3/4 02/15/56                     | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1067000 | PA      | $1028154.53   | 0.32%             | 2056-02-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| DISCOVERY COMMUNICATIONS LLC                                                             | WBD 3.95 03/20/28                    | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2657785.50   | 0.82%             | 2028-03-20      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| N/A                                                                                      | VERIZON COMMUNICATIONS IN            | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -7000000 | PA      | $57229.38     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| RD MICHIGAN PROPERTY OWNER I LLC                                                         | RDMICH 7 1/2 03/30/45                | CUSIP: 74941YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1480059.64   | 0.46%             | 2045-03-30      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| N/A                                                                                      | LENNAR CORPORATION                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -5000000 | PA      | $729531.17    | 0.23%             |  |  |  | No            | 2                  | 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      |
| RWLV CAPITAL INC                                                                         | RWLVCA 4 5/8 04/06/31                | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3100000 | PA      | $2624717.92   | 0.81%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           | 2                  | On Loan: No      |
| FMC CORP                                                                                 | FMC 8.45 11/01/55                    | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $1659876.98   | 0.51%             | 2055-11-01      | Fixed         | 8.45%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                                                    | WFC 5.95 12/15/36                    | CUSIP: 949746NL1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    795000 | PA      | $819658.10    | 0.25%             | 2086-12-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 4 5/8 11/15/55                     | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10215000 | PA      | $9642002.34   | 2.98%             | 2055-11-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 3 7/8 04/15/29                     | CUSIP: 91282CQJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2890000 | PA      | $2887403.51   | 0.89%             | 2029-04-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                                              | AVOL 4.95 01/15/28                   | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2320000 | PA      | $2328902.70   | 0.72%             | 2028-01-15      | Fixed         | 4.95%                 | Yes           | 2                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                                | JPM Float 02/02/37                   | CUSIP: 48123KAE6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1842000 | PA      | $1703974.02   | 0.53%             | 2037-02-02      | Floating      | 4.88%                 | No            | 2                  | On Loan: No      |
| N/A                                                                                      | TOLL BROTHERS INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |   5000000 | PA      | $-74609.15    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                                  | RAIZBZ 6 1/4 07/08/32                | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $550000.00    | 0.17%             | 2032-07-08      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: —       |
| SOCIETE GENERALE SA                                                                      | SOCGEN 5 1/4 02/19/27                | CUSIP: 83368RBZ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4615000 | PA      | $4649059.25   | 1.44%             | 2027-02-19      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| ORACLE CORP                                                                              | ORCL 5.95 09/26/55                   | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    845000 | PA      | $708504.54    | 0.22%             | 2055-09-26      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | B 07/09/26                           | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44094000 | PA      | $43789540.19  | 13.55%            | 2026-07-09      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                   | US ULTRA BOND CBT Jun26              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |       -72 | NC      | $264906.25    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | B 05/05/26                           | CUSIP: 912797TL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38383000 | PA      | $38367817.22  | 11.87%            | 2026-05-05      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| RE1 LTD                                                                                  | SCGAU 5 1/8 09/24/2080               | CUSIP: 76025LAB0<br>LEI: 254900GUKV7V51LCNT86 | Long             | DBT              | CORP              | AU        |   2700000 | PA      | $2727769.50   | 0.84%             | 2080-09-24      | Fixed         | 5.12%                 | Yes           | 2                  | On Loan: No      |
| R.R. DONNELLEY & SONS COMPANY                                                            | RRD 9 1/2 08/01/29                   | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    725000 | PA      | $748725.63    | 0.23%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| VIKING OCEAN CRUISES SHIP VII LTD                                                        | VIKCRU 5 5/8 02/15/29                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3300000 | PA      | $3304210.80   | 1.02%             | 2029-02-15      | Fixed         | 5.62%                 | Yes           | 2                  | On Loan: No      |
| ALLY FINANCIAL INC                                                                       | ALLY 7.1 PERP                        | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4999721.50   | 1.55%             | 2176-05-15      | Fixed         | 7.10%                 | No            | 2                  | On Loan: No      |
| SWAP CLIENT CASH COLL - HSBC                                                             | SWAP CLIENT CSH COLL-HSBC            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1530654 | PA      | $1530653.64   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP                                                        | GSCRED 5.05 02/23/28                 | CUSIP: 38152BAJ0<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |   3205000 | PA      | $3168914.46   | 0.98%             | 2028-02-23      | Fixed         | 5.05%                 | Yes           | 2                  | On Loan: No      |
| ORACLE CORP                                                                              | ORCL 5.35 05/04/33                   | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1847961.87   | 0.57%             | 2033-05-04      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| JACOBS SOLUTIONS INC                                                                     | J 4 3/4 03/03/31                     | CUSIP: 46982LAA6<br>LEI: 254900E3KHXCC2C8K272 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2712182.81   | 0.84%             | 2031-03-03      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                                               | AER 6 1/2 01/31/56                   | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   2930000 | PA      | $2984662.08   | 0.92%             | 2056-01-31      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CI FINANCIAL CORP                                                                        | CIXCN 7 1/2 05/30/29                 | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |   2450000 | PA      | $2573287.26   | 0.80%             | 2029-05-30      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 4 1/8 02/15/36                     | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4869000 | PA      | $4767435.68   | 1.48%             | 2036-02-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                                 | JBSSBZ 6 1/2 12/01/52                | CUSIP: 46590XAX4<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |   1205000 | PA      | $1211387.71   | 0.37%             | 2052-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                                              | ORCL 4.45 09/26/30                   | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1529175.70   | 0.47%             | 2030-09-26      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| FIRST AMERICAN FUNDS INC                                                                 | FRST AM-GV OB-X                      | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   5692503 | PA      | $5692503.03   | 1.76%             |  |  |  | No            | 1                  | On Loan: No      |
| STATE STREET CORP                                                                        | STT 0 06/15/47                       | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1536928.77   | 0.48%             | 2047-06-15      | Floating      | 4.94%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 3 7/8 04/30/31                     | CUSIP: 91282CQK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2255000 | PA      | $2239937.30   | 0.69%             | 2031-04-30      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| N/A                                                                                      | NEXTERA ENERGY CAPITAL               | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -7000000 | PA      | $137613.46    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                   | US 10yr Ultra Fut Jun26              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |      -132 | NC      | $430149.18    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                                     | FYBR 6 01/15/30                      | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4857000 | PA      | $4886758.84   | 1.51%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 4 1/4 03/31/33                     | CUSIP: 91282CQF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6932000 | PA      | $6952579.38   | 2.15%             | 2033-03-31      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                                                                         | PARA 6 7/8 04/30/36                  | CUSIP: 925524AX8<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1452243.55   | 0.45%             | 2036-04-30      | Fixed         | 6.88%                 | No            | 2                  | On Loan: —       |
| GENERAL MOTORS COMPANY                                                                   | GM 5.35 04/15/28                     | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $2226239.57   | 0.69%             | 2028-04-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                   | US 10YR NOTE (CBT)Jun26              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |      -109 | NC      | $298583.38    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC                                                            | JEF 5 1/2 02/15/36                   | CUSIP: 47233WLL1<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   3315000 | PA      | $3191737.00   | 0.99%             | 2036-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| HESS CORP                                                                                | HES 6 01/15/40                       | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3180012.57   | 0.98%             | 2040-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                                    | FABSJV 6.1 01/24/36                  | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2497356.75   | 0.77%             | 2036-01-24      | Fixed         | 6.10%                 | Yes           | 2                  | On Loan: No      |
| N/A                                                                                      | SEMPRA ENERGY                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |   7000000 | PA      | $-187929.09   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | T 3 7/8 03/31/31                     | CUSIP: 91282CQG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6954000 | PA      | $6908907.62   | 2.14%             | 2031-03-31      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                               | FMCN 8 03/01/33                      | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1445000 | PA      | $1520207.18   | 0.47%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| UBS AG                                                                                   | CS 7 1/2 PERP                        | CUSIP: 22546DAB2<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   4185000 | PA      | $1046250.00   | 0.32%             | 2170-06-11      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                                | JPM Float 02/01/27                   | CUSIP: 31945HAB1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $1996581.79   | 0.62%             | 2027-02-01      | Floating      | 4.48%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                             | UBS 7 PERP                           | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1510000 | PA      | $1533332.52   | 0.47%             | 2174-07-08      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| FLUTTER TREASURY DAC                                                                     | FLTR 6 3/8 04/29/29                  | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   2199000 | PA      | $2237680.41   | 0.69%             | 2029-04-29      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                                  | GCUNIV 5 1/8 10/01/28                | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2284537.68   | 0.71%             | 2028-10-01      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                             | BACR 7 5/8 PERP                      | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3590000 | PA      | $3782610.68   | 1.17%             | 2173-09-15      | Fixed         | 7.62%                 | No            | 2                  | On Loan: —       |
| Chicago Board of Trade                                                                   | US LONG BOND(CBT) Jun26              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |       -54 | NC      | $241734.40    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| PACIFIC LIFE INSURANCE COMPANY                                                           | PACLIF 9 1/4 06/15/39                | CUSIP: 694475AA2<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1328189.89   | 0.41%             | 2039-06-15      | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                                     | B 09/10/26                           | CUSIP: 912797UF2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41005000 | PA      | $40466778.62  | 12.52%            | 2026-09-10      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| FARMERS INSURANCE EXCHANGE                                                               | FARMER 7 10/15/64                    | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1126969.34   | 0.35%             | 2064-10-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| CENTENE CORP                                                                             | CNC 3 10/15/30                       | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2656256.02   | 0.82%             | 2030-10-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                           | BRASKM 8 10/15/34                    | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     85000 | PA      | $49779.40     | 0.02%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| RAKUTEN GROUP INC                                                                        | RAKUTN 11 1/4 02/15/27               | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   1900000 | PA      | $1977175.99   | 0.61%             | 2027-02-15      | Fixed         | 11.25%                | Yes           | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                               | FMCN 7 1/4 02/15/34                  | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1340000 | PA      | $1378140.42   | 0.43%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| GOLDMAN SACHS CAPITAL I                                                                  | GS 6.345 02/15/34                    | CUSIP: 38143VAA7<br>LEI: 5299005MCIJK7R2NP351 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2607664.10   | 0.81%             | 2034-02-15      | Fixed         | 6.34%                 | No            | 2                  | On Loan: No      |
| CDX.NA.IG SERIES 45                                                                      | MARKIT CDX.NA.IG.45 12/30            | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  41000000 | PA      | $-858877.62   | -0.27%            |  |  |  | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                                               | AER 6.95 03/10/55                    | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   2010000 | PA      | $2081771.45   | 0.64%             | 2055-03-10      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| N/A                                                                                      | ORACLE CORPORATION                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       | -10000000 | PA      | $-266963.85   | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| VOYAGER PARENT LLC                                                                       | EVRI 9 1/4 07/01/32                  | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    946000 | PA      | $1006580.89   | 0.31%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| N/A                                                                                      | DARDEN RESTAURANTS INC               | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |   7000000 | PA      | $-67232.84    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                                                                      | D 6 5/8 05/15/55                     | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2895000 | PA      | $2962195.85   | 0.92%             | 2055-05-15      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| FARMERS EXCHANGE CAPITAL                                                                 | FARMER 7.05 07/15/28                 | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $398924.25    | 0.12%             | 2028-07-15      | Fixed         | 7.05%                 | Yes           | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                   | US 5YR NOTE (CBT) Jun26              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |      -155 | NC      | $295703.06    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP / DRAWBRIDGE SPECIAL OPPORTUNITIES FINANCE CORP | DRAWBR 5.95 09/17/30                 | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3695000 | PA      | $3510851.25   | 1.09%             | 2030-09-17      | Fixed         | 5.95%                 | Yes           | 2                  | On Loan: No      |
| CONSTELLATION INSURANCE INC                                                              | OHNAT 5.55 01/24/30                  | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |   3545000 | PA      | $3545157.50   | 1.10%             | 2030-01-24      | Fixed         | 6.80%                 | Yes           | 2                  | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                           | BRASKM 4 1/2 01/31/30                | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   3615000 | PA      | $2139754.65   | 0.66%             | 2030-01-31      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                                            | VST 4.3 10/15/28                     | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5075000 | PA      | $5018422.38   | 1.55%             | 2028-10-15      | Fixed         | 4.30%                 | Yes           | 2                  | On Loan: No      |
| SPRINT SPECTRUM CO LLC                                                                   | SPRNTS 5.152 03/20/28                | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    372000 | PA      | $372699.16    | 0.12%             | 2028-03-20      | Fixed         | 5.15%                 | Yes           | 2                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Dunham Funds

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer