Dunham Dynamic Macro Fund Manager Performance Evaluation

DNAVX Fund  USD 11.65  0.02  0.17%   
The fund retains a Market Volatility (i.e., Beta) of -0.0658, which conveys relatively modest fluctuations relative to the market. the mildly negative beta suggests DUNHAM DYNAMIC provides a partial hedge against market-wide declines.
Risk-Adjusted Performance
Balanced
 
Weak
 
Strong
Across the last 90 days, the risk-adjusted return profile of Dunham Dynamic Macro is weaker than 13% of the funds and fund portfolios reviewed by Macroaxis. Used properly, the ranking helps separate absolute gains from efficient gains. Despite somewhat weak basic indicators, DUNHAM DYNAMIC sustained solid returns over the last few months and may actually be approaching a breakup point. Learn More
Expense Ratio Date1st of March 2025
Expense Ratio2.0100
  

Relative Risk vs. Return Landscape

If you had invested $ 1,009 in Dunham Dynamic Macro on December 17, 2025 and sold it today you would have earned a total of $ 156.00 from holding Dunham Dynamic Macro or generated 15.46% return on investment over 90 days. Dunham Dynamic Macro is currently producing a 0.2503% return and carries 1.5056% volatility of returns over 90 trading days. Put another way, 13% of traded mutual funds are less volatile than DUNHAM, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
This relative risk-return summary reviews how the instrument behaves against its benchmark. It is most useful when expected return is read together with volatility rather than in isolation. Assuming a 90-day horizon DUNHAM DYNAMIC is expected to generate 1.88 times more return on investment than the market. However, the fund is 1.88 times more volatile than its market benchmark. It trades about 0.17 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.04 per unit of risk.

Historical Prices of Dunham Dynamic Macro

Below is the normalized historical share price chart for Dunham Dynamic Macro extending back to May 03, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DUNHAM DYNAMIC stands at 11.65, as last reported on the 17th of March 2026, with the highest price reaching 11.65 and the lowest price hitting 11.65 during the day.
Macro event markers
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

Target Price Odds to finish over Current Price

Investors have observed that DUNHAM Mutual Fund price consistently gravitates toward a long-term mean, a foundational concept in fund forecasting. However, the speed of convergence varies - some funds remain mispriced longer than expected, reflecting underlying risk premiums.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
11.65 90 days 11.65
about 22.01
Using a probability distribution approach, the odds of DUNHAM DYNAMIC moving above the current price in 90 days from now are about 22.01 (This Dunham Dynamic Macro density function shows the distribution of likely prices for DUNHAM Mutual Fund over a 90-day period).
Assuming a 90-day horizon Dunham Dynamic Macro has a beta of -0.0658 suggesting that as returns on the benchmark increase, returns on DUNHAM DYNAMIC tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, Dunham Dynamic Macro is likely to outperform the market. Additionally, Dunham Dynamic Macro has an alpha of 0.2158, implying that it can generate a 0.2158 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).
   DUNHAM DYNAMIC Price Density   
       Price  

Predictive Modules for DUNHAM DYNAMIC

Predicting future values of Dunham Dynamic Macro and the fund market as a whole involves navigating significant uncertainty. By applying different forecasting techniques and comparing their outputs, investors can develop a more informed view of potential outcomes, even though unexpected events may always affect results.
Valuation-driven investors use mean reversion to time DUNHAM DYNAMIC's investments: buying when it trades materially below its historical average valuation multiples and selling when it reaches premium territory.
Hype
Prediction
LowEstimatedHigh
10.1611.6513.14
Details
Intrinsic
Valuation
LowRealHigh
9.0710.5612.05
Details
Naive
Forecast
LowNextHigh
9.9911.4812.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.4511.6111.76
Details
Standalone analysis of DUNHAM DYNAMIC captures the company's individual story, but peer benchmarking reveals whether that story is exceptional or simply average within its competitive landscape.

Primary Risk Indicators

Volatility in the mutual fund market over the past 10-20 years has created both winners and losers. DUNHAM DYNAMIC has seen its share of dramatic price moves during this period. A risk management approach that monitors DUNHAM DYNAMIC's volatility, elasticity, and fundamental indicators can help investors in Dunham Dynamic Macro protect against downside risk.
α
Alpha over Dow Jones
0.22
β
Beta against Dow Jones-0.0658
σ
Overall volatility
0.57
Ir
Information ratio 0.17

Investor Alerts and Insights

Systematic monitoring of DUNHAM DYNAMIC through automated alerts helps investors stay informed about meaningful fund changes. Dunham Dynamic Macro notifications focus on material developments in technical patterns and fundamental conditions.
The fund retains about 60.96% of its assets under management (AUM) in cash

DUNHAM DYNAMIC Fundamentals Growth

DUNHAM Mutual Fund valuation hinges on DUNHAM DYNAMIC's fundamental financial indicators. Revenue growth, profitability trends, cash flow generation, and balance sheet stability are the primary inputs that drive investor confidence in DUNHAM Mutual Fund.

Performance Metrics & Calculation Methodology

DUNHAM DYNAMIC performance is typically evaluated through NAV-based returns relative to category peers and stated objectives. Relative positioning strengthens peer context in multi-asset comparisons.

For Dunham Dynamic Macro, this section uses fund disclosures and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist. Return and risk statistics are calculated from historical price series.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board
Last reviewed on February 26th, 2026