# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0000910472-25-005974
**Filing Date:** 2025-12
**Character Count:** 30167
**Document Hash:** 49929e21a62a578a1abebddc7f612d67
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005974.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-005974

**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:** 251604014

**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 Monthly Distribution Fund (Series ID: S000022888)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000066378 | Dunham Monthly Distribution Fund Class A | DAMDX           |
| C000066379 | Dunham Monthly Distribution Fund Class C | DCMDX           |
| C000066380 | Dunham Monthly Distribution Fund Class N | DNMDX           |

## 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 Monthly Distribution Fund

- **b. EDGAR series identifier (if any):** S000022888

- **c. LEI of Series:** 549300BJH1DPTJHNON75

**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:** $392654765.77

**Total Liabilities:** $135201212.53

**Net Assets:** $257453553.24

**Cash Not Reported:** $97078653.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066378 | 0.34%                | 0.28%                | 0.40%                |
| Class ID C000066379 | 0.29%                | 0.20%                | 0.34%                |
| Class ID C000066380 | 0.35%                | 0.29%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1537230.87             | $2083252.32                                |
| Month 2  | $1611826.71              | $-2028256.96                               |
| Month 3  | $845676.87               | $-359225.50                                |

**Designated Index Information**

- **Index Name:** Dunham Monthly Distribution Fund DRP

- **Index Identifier:** DUNHAM MONTHLY DISTRIBUTION 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       | 312410924 | NC      | $50228.30     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - JPY              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |     65189 | NC      | $-79.53       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Air Lease Corporation                    | AIR LEASE C                          | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |    141960 | NS      | $9065565.60   | 3.52%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    535844 | NC      | $14711.59     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Pinnacle Financial Partners Inc.         | PINNACLE FINL                        | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Short            | EC               | CORP              | US        |      -739 | NS      | $-62970.19    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | RKT US 01/16/26 P9.2                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        46 | NC      | $253.00       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   6962036 | NC      | $112839.72    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| TXNM Energy Inc.                         | TXNM ENERGY INC                      | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    267112 | NS      | $15171961.60  | 5.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Palo Alto Networks Inc                   | PALO ALTO NETWOR                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |    -43459 | NS      | $-9571410.16  | -3.72%            |  |  |  | No            | 1                  | On Loan: No      |
| Qorvo Inc                                | QORVO INC                            | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     25834 | NS      | $2452163.28   | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Comerica Incorporated                    | COMERICA INC                         | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |    148965 | NS      | $11395822.50  | 4.43%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   2213125 | NC      | $35552.51     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Frontier Communications Parent Inc       | FRONTIER COMMUNI                     | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    274588 | NS      | $10368442.88  | 4.03%             |  |  |  | No            | 1                  | On Loan: —       |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1223709 | NC      | $37911.97     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Fidelity Colchester Street Trust         | FID-MM GOVT-I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  27088008 | PA      | $27088008.01  | 10.52%            |  |  |  | No            | 1                  | On Loan: No      |
| Omnicom Group Inc                        | OMNICOM GROUP                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               | CORP              | US        |    -96108 | NS      | $-7210022.16  | -2.80%            |  |  |  | No            | 1                  | On Loan: No      |
| Hillenbrand, Inc.                        | HILLENBRAND INC                      | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     52166 | NS      | $1648445.60   | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   8092302 | NC      | $126486.69    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       | 995675209 | NC      | $300356.49    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                | UNION PAC CORP                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Short            | EC               | CORP              | US        |    -30950 | NS      | $-6820451.50  | -2.65%            |  |  |  | No            | 1                  | On Loan: No      |
| ESC NII HOLDINGS INC                     | ESC NII HOLDINGS INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    205893 | NS      | $72062.55     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1165837 | NC      | $15519.97     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Skyworks Solutions, Inc.                 | SKYWORKS SOLUTIO                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Short            | EC               | CORP              | US        |    -24801 | NS      | $-1927533.72  | -0.75%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    614473 | NC      | $2723.71      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    454404 | NC      | $15845.42     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| NorthWestern Energy Group Inc            | NORTHWESTERN ENE                     | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    172887 | NS      | $10316167.29  | 4.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Kellanova                                | KELLANOVA                            | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     46554 | NS      | $3866775.24   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Essential Utilities Inc                  | ESSENTIAL UTILIT                     | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |       465 | NS      | $18148.95     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | SUN US 12/19/25 P55                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       948 | NC      | $307152.00    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Chart Industries Inc                     | CHART INDUSTRIES                     | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     57379 | NS      | $11453995.98  | 4.45%             |  |  |  | No            | 1                  | On Loan: —       |
| N/A                                      | CURRENCY CONTRACT - EUR              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   5582386 | NC      | $-114199.30   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| American Airlines Group Inc              | AMERICAN AIRLINE                     | CUSIP: 02376R102<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | EC               | CORP              | US        |      1025 | NS      | $13458.25     | 0.01%             |  |  |  | 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      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  18491500 | NC      | $-2388.81     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Norfolk Southern Corporation             | NORFOLK SOUTHERN                     | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     30950 | NS      | $8770611.00   | 3.41%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  10033768 | NC      | $79.22        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| News Corporation                         | NEWS CORP-CL A                       | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    167755 | NS      | $4445507.50   | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - HKD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   2827575 | NC      | $-906.05      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Electronic Arts Inc.                     | ELECTRONIC ARTS                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     57857 | NS      | $11574871.42  | 4.50%             |  |  |  | No            | 1                  | On Loan: No      |
| JDE Peets N.V                            | JDE PEET'S NV                        | CUSIP: N44664105<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |    280057 | NS      | $10195043.30  | 3.96%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - EUR              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   3944409 | NC      | $-80083.52    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| Columbia Pipeline Group, Inc.            | COLUMBIA PIPELIN                     | CUSIP: 198280109<br>LEI: 549300SRP1TQM9JJBG80 | Long             | EC               | CORP              | US        |     84102 | NS      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Liberty Broadband Corporation            | LIBERTY BR-C                         | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |    136069 | NS      | $7323233.58   | 2.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Fox Corporation                          | FOX CORP - B                         | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    142543 | NS      | $8325936.63   | 3.23%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1057637 | NC      | $4703.23      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Synovus Financial Corp.                  | SYNOVUS FINL                         | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      1411 | NS      | $62987.04     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Tegna Inc                                | TEGNA INC                            | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    129945 | NS      | $2556018.15   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| MEG Energy Corporation                   | MEG ENERGY CORP                      | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    247000 | NS      | $5226879.61   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Hang Seng Bank Ltd.                      | HANG SENG BANK                       | CUSIP: Y30327103<br>LEI: 5493009Z5F07LWZYMK62 | Long             | EC               | CORP              | HK        |    263861 | NS      | $5147725.50   | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | SUN US 12/19/25 P52.5                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       310 | NC      | $38750.00     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Dayforce Inc                             | DAYFORCE INC                         | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |    131872 | NS      | $9064881.28   | 3.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Charter Communications, Inc.             | CHARTER COMMUN-A                     | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Short            | EC               | CORP              | US        |    -32119 | NS      | $-7510706.96  | -2.92%            |  |  |  | No            | 1                  | On Loan: No      |
| Fox Corporation                          | FOX CORP - A                         | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Short            | EC               | CORP              | US        |   -128465 | NS      | $-8305262.25  | -3.23%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   3435392 | NC      | $22441.17     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Altaba Inc                               | ALTABA INC                           | CUSIP: 021346101<br>LEI: 549300ZJC0V1K2ZCKG85 | Long             | EC               | RF                | US        |   2468782 | NS      | $3209416.60   | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1108730 | NC      | $17068.12     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | SUN US 03/20/26 P50                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       249 | NC      | $66607.50     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1613288 | NC      | $9214.50      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Akero Therapeutics Inc                   | AKERO THERAPEUTICS INC               | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |     47455 | NS      | $2572061.00   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PERSHING SPARC HLDGS RTS                 | PERSHING SPARC HLDGS RTS             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    117447 | NS      | $35234.10     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| American Water Works Company, Inc.       | AMERICAN WATER W                     | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Short            | EC               | CORP              | US        |      -142 | NS      | $-18237.06    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| ABIOMED, INC.                            | ABIOMED INC -CVR                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     34956 | NS      | $55929.60     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Informatica Inc                          | INFORMATICA IN-A                     | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |    206225 | NS      | $5128815.75   | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc                       | CENOVUS ENERGY                       | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Short            | EC               | CORP              | CA        |   -155000 | NS      | $-2619157.96  | -1.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Black Hills Corporation                  | BLACK HILLS CORP                     | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Short            | EC               | CORP              | US        |   -169258 | NS      | $-10736034.94 | -4.17%            |  |  |  | No            | 1                  | On Loan: No      |
| The Interpublic Group of Companies, Inc. | INTERPUBLIC GRP                      | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    279382 | NS      | $7168942.12   | 2.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Cyberark Software Ltd.                   | CYBERARK SOFTWAR                     | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     19749 | NS      | $10284884.22  | 3.99%             |  |  |  | No            | 1                  | On Loan: —       |
| N/A                                      | SUN US 12/19/25 P57.5                | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       107 | NC      | $62060.00     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Fifth Third Bancorp                      | FIFTH THIRD BANC                     | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Short            | EC               | CORP              | US        |   -278016 | NS      | $-11571025.92 | -4.49%            |  |  |  | No            | 1                  | On Loan: No      |
| News Corporation                         | NEWS CORP-CL B                       | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Short            | EC               | CORP              | US        |   -151985 | NS      | $-4630982.95  | -1.80%            |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Bank                             | CADENCE BANK                         | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     67808 | NS      | $2559073.92   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Huntington Bancshares Incorporated       | HUNTINGTON BANC                      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Short            | EC               | CORP              | US        |   -167825 | NS      | $-2591218.00  | -1.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Parkland Corporation                     | PARKLAND CORP                        | CUSIP: 70137W108<br>LEI: 549300UY5C6HUV0XLS53 | Long             | EC               | CORP              | CA        |    547842 | NS      | $15608546.09  | 6.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  22406955 | NC      | $975.43       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                      | CURRENCY CONTRACT - USD              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   4431291 | NC      | $119816.33    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Toyota Industries Corp.                  | TOYOTA INDUSTRIE                     | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     80080 | NS      | $8742925.37   | 3.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Gold, Inc.                         | ROYAL GOLD INC                       | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |         0 | NS      | $65.55        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN AIRLINES GROUP, INC. ESCROW SEC | AMR CORP-ESCROW SECURITY             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    101283 | NS      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| RESOLUTE FOREST PRODUCTS, INC. - CVR     | RESOLUTE FOREST -CVR                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    532221 | NS      | $798331.50    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Hologic Inc                              | HOLOGIC INC                          | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     69709 | NS      | $5152192.19   | 2.00%             |  |  |  | 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