A DC converter comprises a half bridge supply circuit and one or more flyback or forward converter output circuits, and optionally also an LLC converter whose control can determine a common variable switching frequency. The half bridge supply circuit produces a 50% duty output alternating between two input voltages, such as zero and a voltage Vin. In each flyback or forward converter output circuit, a switch connects a transformer primary to the half bridge supply circuit output in a PWM controlled manner to regulate a respective flyback or forward converter DC output which is produced by the converter output circuit, with a duty ratio less than 50% whereby switching losses are reduced. Soft switching is further facilitated by the half bridge supply circuit having two transistors controlled in a complementary manner.