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DLTNX DoubleLine Total Return Bond N

  • Fund
  • DLTNX
  • Price as of: Aug 08, 2016
  • $10.92
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

DLTNX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $61.2 B
  • Holdings in Top 10 10.0%

52 WEEK LOW AND HIGH

$10.92
$10.78
$10.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name DoubleLine Total Return Bond Fund
  • Fund Family Name DoubleLine
  • Inception Date Apr 06, 2010
  • Shares Outstanding N/A
  • Share Class N
  • Currency USD
  • Domiciled Country United States
  • Manager Philip A. Barach

Fund Description

The DoubleLine Total Return Bond Fund Class N (DLTNX) seeks to provide investors with the highest total return possible from a portfolio of fixed-income securities. Using various credit and macroeconomic models, management at the fund can shift the portfolio into a variety of intermediate-term bonds, spanning government Treasuries to floating-rate loans. There are no bond sector or credit requirements. Income is a secondary objective.

Given its low expenses and focus on total returns, not just coupons, DLTNX makes an ideal secondary position in a bond portfolio. The fund is internally managed by DoubleLine Capital.

DLTNX - Performance

Return Ranking - Trailing

Period DLTNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.3% -29.9% 209.8% 48.20% 4
1 Yr 3.9% -15.9% 20.3% 43.66% 3
3 Yr 4.2% * -6.4% 10.4% 17.65% 1
5 Yr 4.7% * -3.4% 9.0% 6.44% 1
10 Yr N/A * -1.1% 10.2% N/A N/A

* Annualized


Return Ranking - Calendar

Period DLTNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.7% -51.0% 6.6% 23.64% 2
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period DLTNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.3% -8.1% 209.8% 48.89% 4
1 Yr 3.9% -19.0% 20.3% 33.37% 2
3 Yr 4.2% * -7.1% 10.4% 16.11% 1
5 Yr 4.7% * -4.3% 9.0% 5.98% 1
10 Yr N/A * -1.1% 10.2% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period DLTNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.7% -51.0% 6.6% 23.72% 2
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

DLTNX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

DLTNX Category Low Category High DLTNX % Rank Quintile
Net Assets 61.2 B 319 K 169 B 0.41% 1
Number of Holdings 2191 1 17404 1.22% 1
Net Assets in Top 10 6.08 B -36 B 21.5 B 0.61% 1
Weighting of Top 10 10.0% 0.0% 1826.2% 27.82% 5

Top 10 Holdings

  1. US Treasury Note 1.625% 2.22%
  2. FHLMC 3% 1.26%
  3. FHLMC 3% 1.22%
  4. US Treasury Note 2% 1.20%
  5. FHLMC 3% 0.97%
  6. FHLMC 3% 0.80%
  7. FNMA 3% 0.65%
  8. FNMA 3% 0.57%
  9. FHLMC 0.36% 0.53%
  10. FHLMC 3% 0.53%

Asset Allocation

Weighting Category Low Category High DLTNX % Rank Quintile
Bonds
87.78% -175.98% 181.87% 16.02% 3
Cash
12.22% -82.73% 275.92% 10.17% 2
Other
0.00% -15.97% 117.15% 13.22% 5
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 5
Preferred Stocks
0.00% -0.07% 17.65% 7.78% 5
Stocks
0.00% -5.60% 98.06% 5.39% 5

Bond Sector Breakdown

Weighting Category Low Category High DLTNX % Rank Quintile
Securitized
82.41% 0.00% 275.57% 0.71% 1
Cash & Equivalents
12.22% -63.55% 811.66% 10.38% 2
Government
4.03% -990.83% 129.84% 24.01% 4
Corporate
1.34% 0.00% 502.59% 30.01% 5
Municipal
0.00% 0.00% 106.20% 13.07% 5
Derivative
0.00% -895.14% 18.41% 2.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High DLTNX % Rank Quintile
US
83.21% -513.97% 163.91% 10.33% 2
Non US
4.57% -5.42% 399.20% 22.58% 5

DLTNX - Expenses

Operational Fees

DLTNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.72% 0.00% 42.51% 11.09% 2
Management Fee 0.40% 0.00% 2.15% 3.00% 3
12b-1 Fee 0.25% 0.00% 1.00% 1.91% 3
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

DLTNX Fees (% of AUM) Category Low Category High DLTNX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

DLTNX Fees (% of AUM) Category Low Category High DLTNX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

DLTNX Fees (% of AUM) Category Low Category High DLTNX Rank Quintile
Turnover 15.00% 0.00% 1944.00% 16.28% 1

DLTNX - Distributions

Dividend Yield Analysis

DLTNX Category Low Category High DLTNX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.30% 6.17% 1

Dividend Distribution Analysis

DLTNX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DLTNX Category Low Category High DLTNX % Rank Quintile
Net Income Ratio 3.04% -1.76% 17.13% 8.09% 1

Capital Gain Distribution Analysis

DLTNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Daily Annually

DLTNX - Managers

Philip A. Barach

Manager

Start Date

Apr 06, 2010

Tenure

6.32

Tenure Rank

4.5%

Mr. Barach is co-founder and President of DoubleLine Capital. Mr. Barach is a member of the DoubleLine Executive Committee. Prior to DoubleLine, Mr. Barach was Co-Founder and Group Managing Director of the TCW Mortgage Group where he spent over 23 years. He has over 32 years of fixed income investment experience. Before joining TCW, Mr. Barach was Senior Vice President of Chief Investments for Sun Life Insurance Company in Los Angeles, where he was responsible for the asset/liability management of the firm and oversight and management of the company’s $5 billion investment portfolio. Previously, he served as Principal Fixed Income Officer for the California Public Employees’ Retirement System (CalPERS), the largest pension plan in the country. In that capacity, he was responsible for managing the fixed income portion of the fund which was 100% internally managed. He attended the Hebrew University of Jerusalem, where he received a BA in International Relations and an MBA in Finance.


Jeffrey E. Gundlach

Lead Manager

Start Date

Apr 06, 2010

Tenure

6.32

Tenure Rank

4.5%

Jeffrey Gundlach is the Chief Executive Officer of DoubleLine. He is recognized as an expert in bonds and other debt-related investments. Mr. Gundlach appeared on the cover of Barron's as "The New Bond King" in 2011 and was named "Money Manager of the Year" by Institutional Investor in 2013. Bloomberg Markets magazine named him one of the "50 Most Influential" twice in 2012 & 2015. Mr. Gundlach is a graduate of Dartmouth College, summa cum laude, with degrees in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6