Dunham & Associates Announces Its Newest Fund Option for Investors - The Dunham Alternative Strategy Fund
Dunham Acquires the Performance Track Record and Assets of One of the Top Performing Alternative Funds in its Morningstar Peer Group
SAN DIEGO, Feb. 28, 2013 /PRNewswire-iReach/ -- Dunham & Associates Investment Counsel, Inc. (DAIC) announced that it has launched a newly-formed Dunham Fund – the Dunham Alternative Strategy Fund. Dunham has hired Market Concepts, LLC (formerly Sherwood Forest Capital Management LLC) to be the Sub-Adviser for the fund.
In launching the Dunham Alternative Strategy Fund, DAIC acquired the assets of and the performance track record for the Sherwood Forest Alternative Fund, which has historically been one of the top performing mutual funds in its Morningstar peer group since its inception in 2009, according to Morningstar.
Partnering with Market Concepts, LLC will expand the Dunham Funds offerings to include a mutual fund whose Sub-Adviser implements a historically highly successful trend following investment approach. Trend following investment strategies generally seek to take advantage of market movements and are intended to make profits during both up and down long-term market trends, which the portfolio managers at Market Concepts, LLC have traditionally done very well with this fund.
"We are pleased to add one of the top performing funds in its asset class to the Dunham Funds investment offerings. Launching the Dunham Alternative Strategy Fund presents investors with an even broader range of investment opportunities within the Dunham Funds offerings and will further increase the attractiveness and the strength of the Dunham Funds line-up" said DAIC's Founder and CEO, Jeffrey A. Dunham.
Joe McDonald, Partner and Co-Portfolio Manager at Market Concepts, LLC stated, "Given their customer-focused culture, unique and diverse product offerings, and strong growth, we are privileged to be partnering with Dunham & Associates and we look forward to managing the Dunham Alternative Strategy Fund."
Dunham & Associates Chief Sales & Marketing Officer, Salvatore M. Capizzi, is also extremely excited about adding the Dunham Alternative Strategy Fund to Dunham's offerings saying, "We are thrilled to be working with the team at Market Concepts, LLC. They have a proven track record and investment methodology that has worked over time and been recognized by the industry. I believe that advisors and investors will recognize that this Fund is managed by who we believe to be a superb team and can be a great investment option to diversify and broaden a portfolio."
The Ticker Symbol for the Dunham Alternative Strategy Fund is DNASX.
About Dunham & Associates
Founded in 1985, Dunham & Associates Investment Counsel, Inc. (DAIC) is an independently owned Registered Investment Adviser and Broker/Dealer. DAIC has specialized in providing wealth management solutions and related services for institutions, foundations, and high-net-worth individuals for over two decades. Dunham & Associates Holdings, Inc., parent company for Dunham & Associates Investment Counsel, Inc. and Dunham Trust Company, has close to $3 billion in fee-generating assets.
DAIC solutions include institutionally-managed mutual funds in which the Sub-Advisers' compensation is tied to performance as measured against an established benchmark. Solutions also include Dunham's Asset Allocation Strategies, which are offered as part of a turnkey asset management program.
Voted as the 2013 Best Advisor-Friendly Trust Company of the Year by Trust Advisor subscribers, Dunham Trust Company is a privately held trust company which was founded in August, 1999. It is licensed and regulated by the State of Nevada, Department of Business and Industry, Financial Institutions Division. Dunham Trust Company and Dunham & Associates Investment Counsel, Inc. are affiliated entities.
For more information about Dunham & Associates Investment Counsel, Inc. and its investments and services, visit www.dunham.com or call (800) 442-4358.
Investors should consider the investment objectives, risk factors, charges, and expenses of the Dunham Funds carefully before investing. This and other important information is contained in the Fund's summary prospectus and/or prospectus, which may be obtained by contacting your financial advisor, or by calling toll free (800) 442-4358. Please read prospectus materials carefully before investing or sending money.
Dunham Alternative Strategy Fund N-shares (DNASX) Historical Performance Source: Morningstar®
The Dunham Funds have a Sub-Adviser performance-based management fee that adjusts upward or downward based on the Fund's performance relative to an established benchmark index over a performance measurement period.
Some Sub-Advisers may receive a minimum fee regardless of whether or not a performance benchmark is met or exceeded.
Dunham & Associates Investment Counsel, Inc. serves as adviser and distributor of the Dunham Funds, and as such, receives a separate fee.
Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer. Member FINRA/SIPC.
About Market Concepts, LLC
Market Concepts, LLC (mConcepts), previously named Sherwood Forest Capital Management LLC, is an SEC registered investment advisory firm located in central Virginia. The company serves as the sub-advisor to a mutual fund and offers managed accounts. The company changed its name to mConcepts on February 1, 2013.
Bernie Hughes, Dunham & Associates Investment Counsel, Inc., 858-964-0500, firstname.lastname@example.org
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SOURCE Dunham & Associates Investment Counsel, Inc.
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