Notice of Effectiveness (effect)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EFFECTIVENESS

Effective Date:	January 28, 2013 3:30 P.M.
Form:	N-14

CIK:	0001420040
Company Name:	Dunham Funds
File Number:	333-185123

SERIES/CLASSES (CONTRACTS) MERGERS

Acquiring:
CIK	Company Name
0001420040	Dunham Funds
Series ID	Series Name
S000039786	Dunham Alternative Strategy Fund
Class (Contract) ID	Class (Contract) Name
C000123343	Dunham Alternative Strategy Fund Class A
Target:
CIK	Company Name
0001396092	World Funds Trust
Series ID	Series Name
S000024943	Sherwood Forest Alternative Fund
Class (Contract) ID	Class (Contract) Name
C000074169	Class A Shares
Target:
CIK	Company Name
0001396092	World Funds Trust
Series ID	Series Name
S000024943	Sherwood Forest Alternative Fund
Class (Contract) ID	Class (Contract) Name
C000074172	Class P (Platform) Shares

Acquiring:
CIK	Company Name
0001420040	Dunham Funds
Series ID	Series Name
S000039786	Dunham Alternative Strategy Fund
Class (Contract) ID	Class (Contract) Name
C000123344	Dunham Alternative Strategy Fund Class C
Target:
CIK	Company Name
0001396092	World Funds Trust
Series ID	Series Name
S000024943	Sherwood Forest Alternative Fund
Class (Contract) ID	Class (Contract) Name
C000074170	Class C Shares

Acquiring:
CIK	Company Name
0001420040	Dunham Funds
Series ID	Series Name
S000039786	Dunham Alternative Strategy Fund
Class (Contract) ID	Class (Contract) Name
C000123345	Dunham Alternative Strategy Fund Class N
Target:
CIK	Company Name
0001396092	World Funds Trust
Series ID	Series Name
S000024943	Sherwood Forest Alternative Fund
Class (Contract) ID	Class (Contract) Name
C000074171	Institutional Shares