Dunham Alternative Income Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.16 0.16
Stocks 78.27 78.27
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 21.57 21.57
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Intel Corp INTC -4.74 4.85
Deutsche Telekom AG ADR DTEGY -5.04 4.84
Microchip Technology, Inc. MCHP 1.24 4.18
ONEOK Inc OKE 8.88 3.48
Cliffs Natural Resources Inc. CLF -24.84 3.43
Telefonica SA ADR TEF -8.02 3.05
China Mobile Ltd. ADR CHL -8.64 2.93
Phillips 66 PSX -2.44 2.88
Cisco Systems Inc CSCO -3.08 2.52
National Grid PLC ADR NGG 5.5 2.44