0000910472-12-001826 Sample Contracts

THE DUNHAM FUNDS SUB-ADVISORY AGREEMENT
Dunham Funds Sub-Advisory Agreement • June 15th, 2012 • Dunham Funds • California

This AGREEMENT is dated March 13, 2012 and effective on or about May 1, 2012, among DUNHAM & ASSOCIATES INVESTMENT COUNSEL, INC., a California corporation (the “Adviser”), DUNHAM FUNDS, a Delaware statutory trust (the “Trust) and CORNERSTONE REAL ESTATE ADVISERS LLC, a Delaware limited liability corporation (the “Sub-Adviser”) (each a “Party,” and together, the “Parties”).

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