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Dunham Funds launches Focused Large Cap Growth Fund
By Toni Weeks
San Diego, Dec. 16 - Dunham Funds has launched the Dunham Focused Large Cap Growth Fund, according to an N1-A filing with the Securities and Exchange Commission.
The fund seeks to maximize capital appreciation by investing primarily in domestic and foreign growth-oriented, large-capitalization equity securities of companies traded on U.S. stock exchanges or in the over-the-counter market. Its portfolio will be limited to 35 stocks.
The portfolio manager will be William A. Johnson, co-founder of Ithaka Group, LLC, the fund's subadviser.
The maximum sales charge will be 5.75% for class A shares and 0% for class C and class N shares. Class A shares will also incur a maximum deferred sales charge of 1% of the original purchase price for investments of $1 million or more.
Management fees are 0.99% for all three share classes. Both the adviser and the subadviser have agreed to limit fees for the first year, resulting in estimated total annual fund operating expenses of 1.26% for class A shares, 2.01% for class Nc shares and 1.01% for class N shares.
The fund's investment adviser will be San Diego-based Dunham & Associates Investment Counsel, Inc.
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