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Trending ETFs

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.19

$6.71 B

4.96%

$0.46

0.76%

Vitals

YTD Return

2.7%

1 yr return

8.6%

3 Yr Avg Return

-2.0%

5 Yr Avg Return

-0.2%

Net Assets

$6.71 B

Holdings in Top 10

23.9%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 177.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.19

$6.71 B

4.96%

$0.46

0.76%

DLFNX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.30%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DoubleLine Core Fixed Income Fund
  • Fund Family Name
    DoubleLine Funds
  • Inception Date
    Jun 01, 2010
  • Shares Outstanding
    42016541
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Gundlach

Fund Description

Under normal circumstances, the Fund intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in fixed income instruments. These fixed income instruments include but are not limited to securities issued or guaranteed by the United States Government, its agencies, instrumentalities or sponsored corporations; corporate obligations; mortgage-backed securities of any kind, including commercial and residential mortgage-backed securities; asset-backed securities; foreign securities (corporate and government, including foreign hybrid securities); emerging market securities (corporate and government); fixed and floating rate loans of any kind (including, among others, bank loans, assignments, participations, subordinated loans, debtor‑in‑possession loans, exit facilities, delayed funding loans and revolving credit facilities); and other securities bearing fixed or variable interest rates of any maturity.
The Fund may invest in fixed income instruments of any credit quality, including those that are at the time of investment unrated or rated BB+ or lower by S&P Global Ratings or Ba1 or lower by Moody’s Investors Service, Inc. or the equivalent by any other nationally recognized statistical rating organization. Corporate bonds and certain other fixed income instruments rated below investment grade, or such instruments that are unrated and determined by the Adviser to be of comparable quality, are high yield, high risk bonds, commonly known as “junk bonds.” The Fund may invest up to 33 1/3% of its net assets in junk bonds, bank loans and assignments rated below investment grade or unrated but determined by the Adviser to be of comparable quality, and credit default swaps of companies in the high yield universe. The Adviser does not consider the term “junk bonds” to include any mortgage-backed securities or any other asset-backed securities, regardless of their credit rating or credit quality, and accordingly may invest without limit in such investments.
The Fund may invest up to 5% of its net assets in defaulted corporate securities. The Fund might do so, for example, where the portfolio managers believe the restructured enterprise valuations or liquidation valuations may exceed current market values. The Fund may invest a portion of its assets in inverse floaters and interest-only and principal-only securities.
The Fund may also invest a portion of its assets in fixed income instruments (including hybrid securities) issued or guaranteed by companies, financial institutions and government entities in emerging market countries. An “emerging market country” is a country that, at the time the Fund invests in the related fixed income instruments, is classified as an emerging or developing economy by any supranational organization such as an institution in the World Bank Group or the United Nations, or an agency thereof, or is considered an emerging market country for purposes of constructing a major emerging market securities index.
The Fund may pursue its investment objective and obtain exposures to some or all of the asset classes described above by investing in other investment companies, including, for example, other open‑end or closed‑end investment companies and ETFs, including investment companies sponsored or managed by the Adviser or its related parties. The amount of the Fund’s investment in certain investment companies may be limited by law or by tax considerations.
In managing the Fund’s portfolio, the portfolio managers typically use a controlled risk approach. The techniques of this approach attempt to control the principal risk components of the fixed income markets and may include, among other factors, consideration of the Adviser’s view of the following: the potential relative performance of various market sectors, security selection available within a given sector, the risk/reward equation for different asset classes, liquidity conditions in various market sectors, the shape of the yield curve and projections for changes in the yield curve, potential fluctuations in the overall level of interest rates, and current fiscal policy.
The portfolio managers utilize active asset allocation in managing the Fund’s investments.
The Adviser monitors the duration of the Fund’s portfolio securities to seek to assess and, in its discretion, adjust the Fund’s exposure to interest rate risk. In managing the Fund’s investments, under normal market conditions, the portfolio managers intend to seek to construct an investment portfolio with a dollar-weighted average effective duration of no less than two years and no more than eight years. Duration is a measure of the expected life of a fixed income instrument that is used to determine the sensitivity of a security’s price to changes in interest rates. Effective duration is a measure of the Fund’s portfolio duration adjusted for the anticipated effect of interest rate changes on bond and mortgage prepayment rates as determined by the Adviser. The effective duration of the Fund’s investment portfolio may vary materially from its target range, from time to time, and there is no assurance that the effective duration of the Fund’s investment portfolio will always be within its target range.
The Fund may enter into derivatives transactions and other instruments of any kind for hedging purposes or otherwise to gain, or reduce, long or short exposure to one or more asset classes or issuers. The Fund may use derivatives transactions with the purpose or effect of creating investment leverage. For example, the Fund may use futures contracts and options on futures contracts, in order to gain efficient long or short investment exposures as an alternative to cash investments or to hedge against portfolio exposures; interest rate swaps, to gain indirect long or short exposures to interest rates, issuers, or currencies, or to hedge against portfolio exposures; and total return swaps and credit derivatives (such as credit default swaps), put and call options, and exchange-traded and structured notes, to take indirect long or short positions on indexes, securities, currencies, or other indicators of value, or to hedge against portfolio exposures. The Fund may also engage in short sales or take short positions, either to adjust its duration or for other investment purposes.
Portfolio securities may be sold at any time. By way of example, sales may occur when the Fund’s portfolio managers determine to take advantage of what the portfolio managers consider to be a better investment opportunity, when the portfolio managers believe the portfolio securities no longer represent relatively attractive investment opportunities, when the portfolio managers perceive deterioration in the credit fundamentals of the issuer, or when the individual security has reached the portfolio managers’ sell target.
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DLFNX - Performance

Return Ranking - Trailing

Period DLFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -5.7% 10.9% 19.75%
1 Yr 8.6% -1.1% 18.8% 31.32%
3 Yr -2.0%* -10.0% 27.4% 24.87%
5 Yr -0.2%* -7.5% 58.4% 54.05%
10 Yr 1.5%* -2.8% 73.8% 43.12%

* Annualized

Return Ranking - Calendar

Period DLFNX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -16.2% 8.1% 73.74%
2022 -16.1% -34.7% 131.9% 51.21%
2021 -3.3% -11.6% 4.4% 44.63%
2020 2.2% -10.1% 946.1% 84.35%
2019 4.4% -1.7% 16.9% 80.50%

Total Return Ranking - Trailing

Period DLFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -5.7% 10.9% 19.75%
1 Yr 8.6% -1.1% 18.8% 31.32%
3 Yr -2.0%* -10.0% 27.4% 24.87%
5 Yr -0.2%* -7.5% 58.4% 54.05%
10 Yr 1.5%* -2.8% 73.8% 43.12%

* Annualized

Total Return Ranking - Calendar

Period DLFNX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -11.3% 11.9% 30.77%
2022 -13.1% -32.2% 131.9% 33.58%
2021 -0.2% -9.4% 9.2% 27.74%
2020 5.6% -1.9% 1009.0% 90.93%
2019 8.1% 1.1% 21668.0% 71.16%

NAV & Total Return History


DLFNX - Holdings

Concentration Analysis

DLFNX Category Low Category High DLFNX % Rank
Net Assets 6.71 B 2.9 M 314 B 22.09%
Number of Holdings 1635 1 17787 26.13%
Net Assets in Top 10 1.55 B 1.62 M 35.1 B 19.88%
Weighting of Top 10 23.89% 4.4% 432.9% 45.88%

Top 10 Holdings

  1. DoubleLine Infrastructure Income Fund 4.69%
  2. United States Treasury Note/Bond 3.77%
  3. United States Treasury Note/Bond 3.25%
  4. United States Treasury Note/Bond 2.74%
  5. United States Treasury Note/Bond 2.28%
  6. DoubleLine Global Bond Fund 1.65%
  7. United States Treasury Note/Bond 1.65%
  8. United States Treasury Note/Bond 1.38%
  9. United States Treasury Note/Bond 1.26%
  10. First American Government Obligations Fund 1.24%

Asset Allocation

Weighting Return Low Return High DLFNX % Rank
Bonds
84.19% 0.00% 993.61% 85.69%
Stocks
6.84% 0.00% 99.99% 4.29%
Other
5.05% -16.55% 52.94% 44.36%
Cash
3.92% -54.51% 237.69% 38.93%
Convertible Bonds
1.67% 0.00% 7.93% 42.93%
Preferred Stocks
0.00% 0.00% 71.02% 67.62%

Stock Sector Breakdown

Weighting Return Low Return High DLFNX % Rank
Energy
99.01% 0.00% 100.00% 18.67%
Industrials
0.99% 0.00% 48.31% 36.14%
Utilities
0.00% 0.00% 100.00% 65.66%
Technology
0.00% 0.00% 43.45% 65.06%
Real Estate
0.00% 0.00% 99.26% 62.65%
Healthcare
0.00% 0.00% 17.70% 60.84%
Financial Services
0.00% 0.00% 100.00% 70.48%
Communication Services
0.00% 0.00% 100.00% 65.66%
Consumer Defense
0.00% 0.00% 99.67% 62.65%
Consumer Cyclical
0.00% 0.00% 100.00% 69.88%
Basic Materials
0.00% 0.00% 100.00% 65.06%

Stock Geographic Breakdown

Weighting Return Low Return High DLFNX % Rank
US
6.84% 0.00% 99.99% 4.30%
Non US
0.00% 0.00% 86.16% 56.35%

Bond Sector Breakdown

Weighting Return Low Return High DLFNX % Rank
Securitized
44.36% 0.00% 98.40% 16.20%
Corporate
30.27% 0.00% 100.00% 49.95%
Government
24.27% 0.00% 86.23% 51.08%
Cash & Equivalents
3.71% -0.46% 237.69% 39.96%
Derivative
0.17% -1.58% 44.82% 33.09%
Municipal
0.06% 0.00% 100.00% 67.70%

Bond Geographic Breakdown

Weighting Return Low Return High DLFNX % Rank
US
84.19% 0.00% 993.61% 83.61%
Non US
0.00% 0.00% 30.95% 71.41%

DLFNX - Expenses

Operational Fees

DLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 39.64% 42.68%
Management Fee 0.40% 0.00% 1.76% 66.87%
12b-1 Fee 0.25% 0.00% 1.00% 42.61%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

DLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 177.00% 2.00% 493.39% 61.12%

DLFNX - Distributions

Dividend Yield Analysis

DLFNX Category Low Category High DLFNX % Rank
Dividend Yield 4.96% 0.00% 10.11% 13.91%

Dividend Distribution Analysis

DLFNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

DLFNX Category Low Category High DLFNX % Rank
Net Income Ratio 2.30% -1.28% 4.79% 16.31%

Capital Gain Distribution Analysis

DLFNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DLFNX - Fund Manager Analysis

Managers

Jeffrey Gundlach


Start Date

Tenure

Tenure Rank

Jun 01, 2010

12.01

12.0%

Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.

Jeffrey Sherman


Start Date

Tenure

Tenure Rank

Sep 08, 2016

5.73

5.7%

As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. He is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. Prior to joining DoubleLine in 2009, he was a Senior Vice President at TCW where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.79 1.16