Dunham International Opportunity Bond Fund announces plans to launch

By Toni Weeks

San Luis Obispo, Calif., July 17 - Dunham Funds announced in an N-1A filing with the Securities and Exchange Commission its plans to offer a new fixed-income fund.

The Dunham International Opportunity Bond Fund will seek to provide a high level of current income with capital appreciation as a secondary goal. Under normal market conditions, it will invest at least 80% of net assets, plus borrowings for investment purposes, in bonds, primarily of issuers outside the United States, including both developed and emerging markets. The fund may invest in investment-grade or high-yield debt securities with short, intermediate or long maturities.

The portfolio manager has not yet been named.

The fund expects to launch with class A, class C and class N shares. Ticker symbols have not been disclosed.

Shareholder fees will include a 5.75% maximum sales charge and a 1% maximum deferred sales charge for class A shares.

Management fees and total annual fund operating expenses have not yet been determined.

San Diego-based Dunham & Associates Investment Counsel, Inc. will act as the fund's investment adviser.

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