# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0001752724-25-160484
**Filing Date:** 2025-6
**Character Count:** 29390
**Document Hash:** 29bf80436daed075166090d1d863eed0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160484.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-160484

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250626

**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:** 251081774

**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 Large Cap Value Fund (Series ID: S000020972)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000059511 | Dunham Large Cap Value Fund Class A | DALVX           |
| C000059512 | Dunham Large Cap Value Fund Class C | DCLVX           |
| C000059513 | Dunham Large Cap Value Fund Class N | DNLVX           |

## 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 Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000020972

- **c. LEI of Series:** 5493001VLJXYGHEP4K98

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $177616509.58

**Total Liabilities:** $169382.95

**Net Assets:** $177447126.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059511 | -0.65%               | -3.12%               | -3.48%               |
| Class ID C000059512 | -0.70%               | -3.20%               | -3.53%               |
| Class ID C000059513 | -0.65%               | -3.10%               | -3.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $214114.75               | $-1531407.60                               |
| Month 2  | $118151.71               | $-5432376.88                               |
| Month 3  | $-103974.59              | $-5079993.41                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Abbott Laboratories                       | ABBOTT LABS                          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     34063 | NS      | $4453737.25   | 2.51%             |  |  |  | No            | 1                  | On Loan: No      |
| AbbVie Inc.                               | ABBVIE INC                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     16571 | NS      | $3233002.10   | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Air Products & Chemicals, Inc.            | AIR PRODS & CHEM                     | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      6888 | NS      | $1867267.92   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc.                             | ALPHABET INC-A                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12577 | NS      | $1997227.60   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| American Express Company                  | AMERICAN EXPRESS                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      7207 | NS      | $1920016.87   | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| American Tower Corporation                | AMERICAN TOWER C                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     10858 | NS      | $2447501.78   | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Cencora Inc                               | CENCORA INC                          | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      8477 | NS      | $2480963.59   | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Amgen Inc.                                | AMGEN INC                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      5826 | NS      | $1694899.92   | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Avantor Inc                               | AVANTOR INC                          | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58237 | NS      | $756498.63    | 0.43%             |  |  |  | No            | 1                  | On Loan: —       |
| Bank of America Corp.                     | BANK OF AMERICA                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     87524 | NS      | $3490457.12   | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| The Bank of New York Mellon Corp.         | BANK NY MELLON                       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     17926 | NS      | $1441429.66   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Becton, Dickinson and Company             | BECTON DICKINSON                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     10293 | NS      | $2131577.37   | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Berkshire Hathaway Inc.                   | BERKSHIRE HATH-B                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      8223 | NS      | $4384914.75   | 2.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Inc.                            | BLACKROCK INC                        | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      3663 | NS      | $3348934.38   | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                              | BROADCOM INC                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10380 | NS      | $1997838.60   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| CSX Corporation                           | CSX CORP                             | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     70273 | NS      | $1972563.11   | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Expand Energy Corp.                       | EXPAND ENERGY CO                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      9238 | NS      | $959828.20    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Cisco Systems, Inc.                       | CISCO SYSTEMS                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     51497 | NS      | $2972921.81   | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| ConocoPhillips                            | CONOCOPHILLIPS                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     26387 | NS      | $2351609.44   | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Corteva Inc                               | CORTEVA INC                          | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     20423 | NS      | $1266021.77   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Darden Restaurants, Inc.                  | DARDEN RESTAURAN                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     10758 | NS      | $2158485.12   | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Air Lines Inc.                      | DELTA AIR LI                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     44865 | NS      | $1867729.95   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Walt Disney Company                       | WALT DISNEY CO/T                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     32438 | NS      | $2950236.10   | 1.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Duke Energy Corp                          | DUKE ENERGY CORP                     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     21713 | NS      | $2649420.26   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Dupont De Nemours Inc                     | DUPONT DE NEMOUR                     | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     23593 | NS      | $1556902.07   | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| EOG Resources Inc.                        | EOG RESOURCES                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     16842 | NS      | $1858177.86   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Equity Lifestyle Properties Inc           | EQUITY LIFESTYLE                     | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     23939 | NS      | $1550768.42   | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp.                         | EXXON MOBIL CORP                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     34702 | NS      | $3665572.26   | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                        | META PLATFORMS-A                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3948 | NS      | $2167452.00   | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Fox Corporation                           | FOX CORP - A                         | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     41868 | NS      | $2084607.72   | 1.17%             |  |  |  | No            | 1                  | On Loan: —       |
| Freeport-McMoRan Inc.                     | FREEPORT-MCMORAN                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     42034 | NS      | $1514485.02   | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| GE Vernova Inc.                           | GE VERNOVA LLC                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      7040 | NS      | $2610572.80   | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| General Motors Company                    | GENERAL MOTORS C                     | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     34217 | NS      | $1547977.08   | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Gilead Sciences Inc.                      | GILEAD SCIENCES                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     26159 | NS      | $2786979.86   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs Group, Inc.                 | GOLDMAN SACHS GP                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3951 | NS      | $2163370.05   | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| The Hartford Insurance Group Inc.         | HARTFORD INSURAN                     | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     25181 | NS      | $3088953.27   | 1.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Honeywell International Inc.              | HONEYWELL INTL                       | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     13405 | NS      | $2821752.50   | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Intercontinental Exchange Inc             | INTERCONTINENTAL                     | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     16891 | NS      | $2837181.27   | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase & Co.                      | JPMORGAN CHASE                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     28271 | NS      | $6915652.02   | 3.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson & Johnson                         | JOHNSON&JOHNSON                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     11149 | NS      | $1742700.19   | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Knight-Swift Transportation Holdings Inc. | KNIGHT-SWIFT TRA                     | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16352 | NS      | $640507.84    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| L3 Harris Technologies Inc                | L3HARRIS TECHNOL                     | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      9898 | NS      | $2177757.96   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Lowes Companies, Inc.                     | LOWE'S COS INC                       | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     11838 | NS      | $2646503.28   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Martin Marietta Materials Inc             | MARTIN MAR MTLS                      | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      4572 | NS      | $2395636.56   | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Merck & Co., Inc                          | MERCK & CO                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     18692 | NS      | $1592558.40   | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp.                           | MICROSOFT CORP                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5065 | NS      | $2001991.90   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Micron Technology Inc.                    | MICRON TECH                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     20452 | NS      | $1573781.40   | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Mondelez International, Inc.              | MONDELEZ INTER-A                     | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     40758 | NS      | $2776842.54   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Motorola Solutions Inc                    | MOTOROLA SOLUTIO                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      6021 | NS      | $2651588.19   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| NextEra Energy Inc                        | NEXTERA ENERGY                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     41362 | NS      | $2766290.56   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| ON Semiconductor Corp.                    | ON SEMICONDUCTOR                     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     13830 | NS      | $549051.00    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp.                              | ORACLE CORP                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     14048 | NS      | $1976834.56   | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Owens Corning                             | OWENS CORNING                        | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      9257 | NS      | $1346060.37   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Parker-Hannifin Corp.                     | PARKER HANNIFIN                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      5513 | NS      | $3335695.78   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Paypal Holdings Inc.                      | PAYPAL HOLDINGS                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     25703 | NS      | $1692285.52   | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Phillips 66                               | PHILLIPS 66                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     10916 | NS      | $1135918.96   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| The Procter & Gamble Co.                  | PROCTER & GAMBLE                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     18958 | NS      | $3082002.06   | 1.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc.                             | PROLOGIS INC                         | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     12137 | NS      | $1240401.40   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential Financial, Inc.                | PRUDENTL FINL                        | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     12145 | NS      | $1247412.95   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Storage                            | PUBLIC STORAGE                       | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6661 | NS      | $2001164.23   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Quanta Services, Inc.                     | QUANTA SERVICES                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      9757 | NS      | $2855776.33   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| RTX Corp.                                 | RTX CORP                             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     28800 | NS      | $3632544.00   | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Rockwell Automation, Inc.                 | ROCKWELL AUTOMAT                     | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      7864 | NS      | $1947755.52   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| S&P Global Inc                            | S&P GLOBAL INC                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      4364 | NS      | $2182218.20   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Schlumberger Limited                      | SCHLUMBERGER LTD                     | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     54305 | NS      | $1805641.25   | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Service Corporation International         | SERVICE CORP INT                     | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     15650 | NS      | $1250435.00   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Short-Term Invts T                        | INV-TRSRY-INS                        | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   4402202 | PA      | $4402201.70   | 2.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Stryker Corporation                       | STRYKER CORP                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      4708 | NS      | $1760415.36   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| The TJX Companies Inc.                    | TJX COS INC                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     18385 | NS      | $2365781.80   | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermo Fisher Scientific Inc              | THERMO FISHER                        | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      5436 | NS      | $2332044.00   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Travelers Companies, Inc.                 | TRAVELERS COS IN                     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     11214 | NS      | $2961953.82   | 1.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Truist Financial Corp.                    | TRUIST FINANCIAL                     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     18082 | NS      | $693263.88    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Tyson Foods, Inc.                         | TYSON FOODS-A                        | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     20219 | NS      | $1238211.56   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| UnitedHealth Group Inc.                   | UNITEDHEALTH GRP                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      8453 | NS      | $3477902.32   | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Verizon Communications Inc.               | VERIZON COMMUNIC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     47650 | NS      | $2099459.00   | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Wells Fargo & Co.                         | WELLS FARGO & CO                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     49111 | NS      | $3487372.11   | 1.97%             |  |  |  | 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      |
| Johnson Controls International PLC        | JOHNSON CONTROLS                     | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     28184 | NS      | $2364637.60   | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Dunham Funds

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer