# EDGAR Filing Document

**Accession Number:** 0001420040
**File Stem:** 0001752724-25-162762
**Filing Date:** 2025-6
**Character Count:** 37660
**Document Hash:** 122947415cf8013e2e659c136388dea1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162762.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162762

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**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:** 251089875

**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 Small Cap Growth Fund (Series ID: S000020973)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000059514 | Dunham Small Cap Growth Fund Class A | DADGX           |
| C000059515 | Dunham Small Cap Growth Fund Class C | DCDGX           |
| C000059516 | Dunham Small Cap Growth Fund Class N | DNDGX           |

## 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 Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000020973

- **c. LEI of Series:** 54930051EXOQ52YVED02

**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:** $79546738.04

**Total Liabilities:** $475489.40

**Net Assets:** $79071248.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059514 | -8.81%               | -9.66%               | -0.31%               |
| Class ID C000059515 | -8.83%               | -9.69%               | -0.48%               |
| Class ID C000059516 | -8.81%               | -9.61%               | -0.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $999762.34               | $-7350506.01                               |
| Month 2  | $-379658.85              | $-6589466.13                               |
| Month 3  | $-1714947.31             | $2119720.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ACV Auctions Inc                        | ACV AUCTIONS-A                       | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54076 | NS      | $794376.44    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| AMN Healthcare Services Inc             | AMN HEALTHCARE                       | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     17678 | NS      | $361161.54    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Adaptive Biotechnologies Corp           | ADAPTIVE BIOTECH                     | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    124202 | NS      | $914126.72    | 1.16%             |  |  |  | No            | 1                  | On Loan: —       |
| Addus Homecare Corp                     | ADDUS HOMECARE                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      7006 | NS      | $732477.30    | 0.93%             |  |  |  | No            | 1                  | On Loan: —       |
| Adtalem Global Education Inc            | ADTALEM GLOBAL E                     | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     10953 | NS      | $1163208.60   | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Aehr Test Systems Inc.                  | AEHR TEST SYSTEM                     | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Long             | EC               | CORP              | US        |     47078 | NS      | $401575.34    | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Allegro MicroSystems Inc                | ALLEGRO MICROSYS                     | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30798 | NS      | $587317.86    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Anavex Life Sciences Corp.              | ANAVEX LIFE SCIENCES CORP            | CUSIP: 032797300<br>LEI: 549300K1I5L8COCQ8W36 | Long             | EC               | CORP              | US        |     48931 | NS      | $464844.50    | 0.59%             |  |  |  | No            | 1                  | On Loan: —       |
| Angiodynamics Inc                       | ANGIODYNAMICS IN                     | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |     68699 | NS      | $638213.71    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Industrial Technologies Inc.    | APPLIED INDU TEC                     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      3800 | NS      | $924464.00    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Arcellx Inc                             | ARCELLX INC                          | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7161 | NS      | $465106.95    | 0.59%             |  |  |  | No            | 1                  | On Loan: —       |
| Ardent Health Partners Inc              | ARDENT HEALTH PA                     | CUSIP: 03980N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51242 | NS      | $652310.66    | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc                     | AXON ENTERPRISE                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       734 | NS      | $450162.20    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| BWX Technologies Inc                    | BWX TECHNOLOGIES                     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      9625 | NS      | $1050280.00   | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| BILL Holdings Inc                       | BILL HOLDINGS IN                     | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     17736 | NS      | $808229.52    | 1.02%             |  |  |  | No            | 1                  | On Loan: —       |
| Blackline Inc                           | BLACKLINE INC                        | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     18796 | NS      | $887735.08    | 1.12%             |  |  |  | No            | 1                  | On Loan: —       |
| Bloom Energy Corporation                | BLOOM ENERGY C-A                     | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     42591 | NS      | $780267.12    | 0.99%             |  |  |  | No            | 1                  | On Loan: —       |
| Boot Barn Holdings Inc                  | BOOT BARN HOLDIN                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      7871 | NS      | $821260.14    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Canada Goose Holdings Inc.              | CANADA GOOSE HOL                     | CUSIP: 135086106<br>LEI: 529900891XBE6RV8JR07 | Long             | EC               | CORP              | CA        |     87973 | NS      | $735454.28    | 0.93%             |  |  |  | No            | 1                  | On Loan: —       |
| Capricor Therapeutics Inc               | CAPRICOR THERAPE                     | CUSIP: 14070B309<br>LEI: 5493002ZI5PDLXV4DX14 | Long             | EC               | CORP              | US        |     39465 | NS      | $501205.50    | 0.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Chart Industries Inc                    | CHART INDUSTRIES                     | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      5288 | NS      | $713774.24    | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheniere Energy Inc                     | CHENIERE ENERGY                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      4261 | NS      | $984759.71    | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Clearwater Analytics Holdings Inc       | CLEARWATER AN-A                      | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34687 | NS      | $788782.38    | 1.00%             |  |  |  | No            | 1                  | On Loan: —       |
| Codexis Inc                             | CODEXIS INC                          | CUSIP: 192005106<br>LEI: 549300KGLM6CDPTVSE20 | Long             | EC               | CORP              | US        |    199939 | NS      | $459859.70    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Comfort Systems USA Inc.                | COMFORT SYSTEMS                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2283 | NS      | $907606.65    | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Confluent Inc                           | CONFLUENT INC-A                      | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     33530 | NS      | $798349.30    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CoreWeave Inc.                          | COREWEAVE I-CL A                     | CUSIP: 21873S108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14256 | NS      | $588772.80    | 0.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Crinetics Pharmaceuticals Inc.          | CRINETICS PHARMA                     | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     10656 | NS      | $355803.84    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Denali Therapeutics Inc                 | DENALI THERAPEUT                     | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |     36103 | NS      | $601114.95    | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Dutch Bros Inc                          | DUTCH BROS INC-A                     | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11322 | NS      | $676376.28    | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Dynatrace Inc                           | DYNATRACE INC                        | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17358 | NS      | $815305.26    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| E L F Beauty Inc                        | ELF BEAUTY INC                       | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     13939 | NS      | $862405.93    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Evercore Inc                            | EVERCORE INC                         | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      3952 | NS      | $811306.08    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| ExlService Holdings Inc.                | EXLSERVICE HOLDI                     | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     10710 | NS      | $519220.80    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Exponent Inc                            | EXPONENT INC                         | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |      8405 | NS      | $661305.40    | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| FTI Consulting, Inc.                    | FTI CONSULTING                       | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      2647 | NS      | $440143.16    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Colchester Street Trust        | FID-MM GOVT-I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   2993621 | PA      | $2993620.81   | 3.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Five9 Inc.                              | FIVE9 INC                            | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |     10070 | NS      | $253159.80    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Flowserve Corporation                   | FLOWSERVE CORP                       | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     17856 | NS      | $807626.88    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Freshworks Inc                          | FRESHWORKS-CL A                      | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |     57469 | NS      | $848817.13    | 1.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Gitlab Inc                              | GITLAB INC-CL A                      | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     14201 | NS      | $662760.67    | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Glacier Bancorp Inc.                    | GLACIER BANCORP                      | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     24301 | NS      | $990508.76    | 1.25%             |  |  |  | No            | 1                  | On Loan: —       |
| GRAIL Inc                               | GRAIL INC                            | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |      9497 | NS      | $327599.02    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Guardant Health Inc                     | GUARDANT HEALTH                      | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     17877 | NS      | $844330.71    | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Herc Holdings Inc                       | HERC HOLDINGS IN                     | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      5488 | NS      | $600606.72    | 0.76%             |  |  |  | No            | 1                  | On Loan: —       |
| Hexcel Corporation                      | HEXCEL CORP                          | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     14189 | NS      | $687740.83    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Hims & Hers Health Inc                  | HIMS & HERS HEAL                     | CUSIP: 433000106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10374 | NS      | $343379.40    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Houlihan Lokey Inc.                     | HOULIHAN LOKEY I                     | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      6900 | NS      | $1118352.00   | 1.41%             |  |  |  | No            | 1                  | On Loan: No      |
| IMAX Corporation                        | IMAX CORP                            | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |     25163 | NS      | $612215.79    | 0.77%             |  |  |  | No            | 1                  | On Loan: —       |
| Installed Building Products Inc         | INSTALLED BUILDI                     | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      5170 | NS      | $857341.10    | 1.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Interparfums Inc                        | INTERPARFUMS INC                     | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8286 | NS      | $904831.20    | 1.14%             |  |  |  | No            | 1                  | On Loan: —       |
| Kodiak Gas Services Inc.                | KODIAK GAS SERVI                     | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10301 | NS      | $350337.01    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Lantheus Holdings Inc                   | LANTHEUS HOLDING                     | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      7841 | NS      | $818129.94    | 1.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Lattice Semiconductor Corporation       | LATTICE SEMICOND                     | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     17611 | NS      | $861706.23    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Levi Strauss & Co.                      | LEVI STRAUSS-A                       | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     24470 | NS      | $391764.70    | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Lindsay Corp                            | LINDSAY CORP                         | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      6201 | NS      | $800301.06    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| MSA Safety Inc.                         | MSA SAFETY INC                       | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      4907 | NS      | $772459.94    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| MSCI Inc.                               | MSCI INC                             | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       915 | NS      | $498775.65    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Maplebear Inc.                          | MAPLEBEAR INC                        | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17175 | NS      | $685110.75    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Mirion Technologies Inc                 | MIRION TECHNOLOG                     | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    101073 | NS      | $1594931.94   | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Moelis & Co.                            | MOELIS & CO-CL A                     | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     17936 | NS      | $961010.88    | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| MongoDB Inc.                            | MONGODB INC                          | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      4796 | NS      | $825727.32    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Monolithic Power Systems Inc.           | MONOLITHIC POWER                     | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       612 | NS      | $362977.20    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Nextracker Inc.                         | NEXTRACKER-CL A                      | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20552 | NS      | $834616.72    | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Olema Pharmaceuticals Inc.              | OLEMA PHARMACEUT                     | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86147 | NS      | $444518.52    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.     | OLLIE'S BARGAIN                      | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      8955 | NS      | $950215.05    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Omnicell Inc                            | OMNICELL INC                         | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     10405 | NS      | $325260.30    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Onto Innovation Inc.                    | ONTO INNOVATION                      | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      7729 | NS      | $942706.13    | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Penumbra Inc.                           | PENUMBRA INC                         | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      1668 | NS      | $488457.12    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Pinnacle Financial Partners Inc.        | PINNACLE FINL                        | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     10046 | NS      | $1007011.04   | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Pinterest Inc                           | PINTEREST INC -A                     | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33938 | NS      | $859310.16    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Portillos Inc.                          | PORTILLO'S-CL A                      | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59573 | NS      | $615984.82    | 0.78%             |  |  |  | No            | 1                  | On Loan: —       |
| Powell Industries Inc.                  | POWELL INDS INC                      | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      5065 | NS      | $927452.15    | 1.17%             |  |  |  | No            | 1                  | On Loan: —       |
| Procore Technologies Inc                | PROCORE TECHNOLO                     | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     11978 | NS      | $767670.02    | 0.97%             |  |  |  | No            | 1                  | On Loan: —       |
| Privia Health Group Inc.                | PRIVIA HEALTH GR                     | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39511 | NS      | $927718.28    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Q2 Holdings Inc                         | Q2 HOLDINGS INC                      | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     11532 | NS      | $913911.00    | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Radnet Inc                              | RADNET INC                           | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     18390 | NS      | $963268.20    | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Repligen Corporation                    | REPLIGEN CORP                        | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      6549 | NS      | $903696.51    | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Rubrik Inc.                             | RUBRIK INC-A                         | CUSIP: 781154109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6274 | NS      | $442505.22    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Seacoast Banking Corporation Of Florida | SEACOAST BANK/FL                     | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     36086 | NS      | $855599.06    | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Shift4 Payments Inc                     | SHIFT4 PAYMENT-A                     | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8598 | NS      | $703316.40    | 0.89%             |  |  |  | No            | 1                  | On Loan: —       |
| SI-BONE Inc.                            | SI-BONE INC                          | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |     60973 | NS      | $832281.45    | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Sitime Corporation                      | SITIME CORP                          | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5051 | NS      | $741789.86    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Champion Homes Inc.                     | CHAMPION HOMES I                     | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10130 | NS      | $876245.00    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Sterling Infrastructure Inc             | STERLING INFRAST                     | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      6163 | NS      | $920937.09    | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Structure Therapeutics Inc              | STRUCTURE THERAP                     | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     22961 | NS      | $619947.00    | 0.78%             |  |  |  | No            | 1                  | On Loan: —       |
| Sweetgreen Inc                          | SWEETGREEN INC-A                     | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17908 | NS      | $348847.84    | 0.44%             |  |  |  | No            | 1                  | On Loan: —       |
| Texas Roadhouse Inc                     | TEXAS ROADHOUS                       | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      5564 | NS      | $923401.44    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Tradeweb Markets Inc                    | TRADEWEB MARKE-A                     | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9183 | NS      | $1270008.90   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Trex Company, Inc.                      | TREX CO INC                          | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6547 | NS      | $378547.54    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Technical Institute, Inc.     | UNIVERSAL TECHNI                     | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     43222 | NS      | $1212809.32   | 1.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Varonis Systems Inc                     | VARONIS SYSTEMS                      | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     22100 | NS      | $946764.00    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertex Inc                              | VERTEX INC - A                       | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     27189 | NS      | $1088375.67   | 1.38%             |  |  |  | No            | 1                  | On Loan: —       |
| WillScot Holdings Corporation           | WILLSCOT HOLDING                     | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     37973 | NS      | $953881.76    | 1.21%             |  |  |  | No            | 1                  | On Loan: —       |
| 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      |
| Fabrinet                                | FABRINET                             | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      4542 | NS      | $931382.52    | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Roivant Sciences Ltd                    | ROIVANT SCIENCES                     | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |     45952 | NS      | $533962.24    | 0.68%             |  |  |  | No            | 1                  | On Loan: —       |
| WNS Holdings Ltd.                       | WNS HOLDINGS LTD                     | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |     14510 | NS      | $878145.20    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Globant S.A                             | GLOBANT SA                           | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      4534 | NS      | $533062.38    | 0.67%             |  |  |  | No            | 1                  | On Loan: —       |
| Cyberark Software Ltd.                  | CYBERARK SOFTWAR                     | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      1645 | NS      | $579303.20    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Fiverr International Ltd                | FIVERR INTERNATI                     | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |     42712 | NS      | $1087020.40   | 1.37%             |  |  |  | No            | 1                  | On Loan: —       |
| JFrog Ltd                               | JFROG LTD                            | CUSIP: M6191J100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     37706 | NS      | $1273331.62   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| OneSpaWorld Holdings Ltd.               | ONESPAWORLD HOLD                     | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     52483 | NS      | $876466.10    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Stevanato Group S.p.A.                  | STEVANATO GROUP                      | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |     43446 | NS      | $906283.56    | 1.15%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

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

**Name of Applicant:** Dunham Funds

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer