# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0001752724-25-160485
**Filing Date:** 2025-6
**Character Count:** 7916
**Document Hash:** 57258cf56796856f88a8f629386351c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160485.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-160485

**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:** 251081775

**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 U.S. Enhanced Market Fund (Series ID: S000080196)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000241912 | Dunham U.S. Enhanced Market Fund Class C |  |
| C000241913 | Dunham U.S. Enhanced Market Fund Class N |  |
| C000241914 | Dunham U.S. Enhanced Market Fund Class A |  |

## 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 U.S. Enhanced Market Fund

- **b. EDGAR series identifier (if any):** S000080196

- **c. LEI of Series:** 5493000BIM0RGYJXR847

**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:** $122767008.57

**Total Liabilities:** $1414381.14

**Net Assets:** $121352627.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241912 | -1.76%               | -7.32%               | -0.60%               |
| Class ID C000241913 | -1.69%               | -7.27%               | -0.44%               |
| Class ID C000241914 | -1.75%               | -7.28%               | -0.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-124.43                 | $160612.51                                 |
| Month 2  | $0.00                    | $14926.89                                  |
| Month 3  | $0.00                    | $136126.90                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Colchester Street Trust | FID-MM GOVT-I            | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  28091383 | PA      | $28091382.63  | 23.15%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills     | B 07/10/25               | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28000000 | PA      | $27772422.16  | 22.89%            | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills     | B 05/08/25               | CUSIP: 912797NE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21982044.48  | 18.11%            | 2025-05-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes     | T 1 1/4 09/30/28         | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $14777187.52  | 12.18%            | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE      | S&P500 EMINI FUT  Jun25  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |        59 | NC      | $148709.46    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION ISSUER                    | FSPX US 06/11/2029 C5450 | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |       100 | NC      | $12645507.42  | 10.42%            |  |  |  | No            |                  2 | On Loan: No      |
| OPTION ISSUER                    | 4SPX US 01/31/30 C6100   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |       150 | NC      | $15804163.34  | 13.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade           | US 5YR NOTE (CBT) Jun25  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |       408 | NC      | $876335.85    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade           | US 2YR NOTE (CBT) Jun25  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |       220 | NC      | $422812.72    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade           | US 10YR NOTE (CBT)Jun25  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        42 | NC      | $100078.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade           | US LONG BOND(CBT) Jun25  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        15 | NC      | $5943.99      | 0.00%             |  |  |  | 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