Dunham Alternative Income Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 7.54 7.54
Stocks 77.77 77.77
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 14.69 14.69
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 05.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 05.31.2014

Ticker YTD Return % % Net Assets
Intel Corp INTC 21.09 4.08
Boardwalk Pipeline Partners LP BWP -28.64 3.92
Deutsche Telekom AG ADR DTEGY 5.88 3.76
Yahoo! Inc YHOO -12.59 3.62
Microchip Technology Inc MCHP 12.81 3.56
EnLink Midstream LLC ENLC 16.23 3.08
Macquarie Infrastructure Co LLC MIC 17.77 2.76
Cliffs Natural Resources Inc CLF -41.63 2.58
Telefonica SA ADR TEF 8.81 2.5
National Grid PLC ADR NGG 15.14 2.23