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Trending ETFs

Name

As of 10/31/2023

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

$7.78

$19.7 M

9.74%

$0.76

1.93%

Vitals

YTD Return

5.5%

1 yr return

5.3%

3 Yr Avg Return

0.2%

5 Yr Avg Return

1.2%

Net Assets

$19.7 M

Holdings in Top 10

58.2%

52 WEEK LOW AND HIGH

$7.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.93%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$5,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/31/2023

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

$7.78

$19.7 M

9.74%

$0.76

1.93%

DMLIX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 9.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DoubleLine Multi-Asset Growth Fund
  • Fund Family Name
    DoubleLine Funds
  • Inception Date
    Dec 20, 2010
  • Shares Outstanding
    2707294
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Sherman

Fund Description

The Fund seeks long-term capital appreciation by actively allocating its assets across asset classes, market sectors, and specific investments. The Adviser allocates the Fund’s assets in response to changing market, economic, and political factors and events that the Fund’s portfolio managers believe may affect the value of the Fund’s investments. The Adviser will attempt to construct a portfolio with the potential for capital appreciation, but may also seek to control risk by active allocation among asset classes, market and economic sectors, and issuers. The Fund’s portfolio will be actively managed, and the allocation of the Fund’s assets to asset classes, market sectors, and issuers will change over time, sometimes rapidly.
The Fund’s principal investments may include:
Equity Investments — Equity securities, of any kind, of U.S. or foreign issuers of any size.
Debt Obligations — Debt obligations, of any kind, of domestic or foreign private or governmental issuers, including, by way of example, loans, including, without limitation, participations and assignments, delayed funding loans and revolving credit facilities. The Fund may invest a substantial portion of its assets in agency and non‑agency mortgage-backed securities, including collateralized mortgage obligations, and other asset-backed securities. The Fund may invest in investments of any maturity and of any quality, including defaulted securities, and may invest without limit in securities rated below investment grade and in unrated securities of any credit quality.
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.” When purchasing unrated securities for the Fund, the Adviser may assess such unrated securities as being of comparable ratings quality to other bonds and assign an internal credit rating to such unrated bonds.
Real Estate — Investments in real estate-related assets, such as, for example, real estate investment trusts (“REITs”), real estate operating companies, brokers, developers, and builders; property management firms; and mortgage servicing firms.
Commodities — Investments intended to provide exposure to one or more physical commodities or commodities indices. Investments may include, by way of example, ETFs, futures contracts, options on futures contracts, forward contracts, swaps, securities designed to provide commodity-based exposures, and common or preferred stocks of subsidiaries of the Fund that invest directly or indirectly in precious metals and minerals or other commodity-related investments.
Currencies — Investment positions in various foreign currencies, including actual holdings of those currencies, and forward, futures, swap, and option contracts with respect to foreign currencies.
Short-Term Investments — Short-term, high quality investments, including, for example, commercial paper, bankers’ acceptances, certificates of deposit, bank time deposits, repurchase agreements, and investments in money market mutual funds or similar pooled investments.
There is no limit on the amount of the Fund’s assets that may be allocated to one or more specific asset classes or market sectors. The Adviser currently expects, however, that the Fund will typically invest at least 20% of its assets in equity securities and other equity-related investments and at least 20% of its assets in debt obligations and short-term investments; the Fund may invest less than these amounts at any time if the Adviser believes it may be in the Fund’s best interest to do so. The Fund may invest without limit in obligations of issuers in any country or group of countries, including emerging market countries.
The Fund has historically pursued its investment objective and principal investment strategies and obtained exposures to some or all of the asset classes described above by investing in other investment companies, including investment companies sponsored or managed by the Adviser or its related parties. The Fund may invest substantially all of its assets in other investment companies. These investments may include other open‑end or closed‑end investment companies, ETFs, and domestic or foreign private investment vehicles, including investment companies sponsored or managed by the Adviser or its related parties. The Fund may from time to time invest in one or more subsidiary private investment vehicles organized outside the United States that invest directly or indirectly in precious metals, minerals, or other commodity-related investments or in derivatives transactions relating to precious metals, minerals or commodities, or other types of transactions where the Adviser determines that it may benefit the Fund if the subsidiary invests in those transactions. The amount of the Fund’s investment in certain investment companies or investment pools may be limited by law or by tax considerations.
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.
Except as expressly prohibited by the Fund’s Prospectus or its Statement of Additional Information, the Fund may make any investment or use any investment strategy consistent with applicable law. The Fund may engage in short sales, either to earn additional return or to hedge existing investments. The Fund may enter into derivatives transactions 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. Although the Fund reserves the right to invest in derivatives of any kind, it currently expects that it may use the following types of derivatives: 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 use futures contracts and other derivatives, such as swaps, to gain long or short exposure to one or more physical commodities or indexes of commodities.
The Adviser may sell investments when it believes they no longer offer attractive potential future returns compared to other appropriate investment opportunities or they present undesirable risks, or in order to limit losses on securities that have declined in value.
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DMLIX - Performance

Return Ranking - Trailing

Period DMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -14.8% 44.2% 40.93%
1 Yr 5.3% -17.1% 36.8% 34.60%
3 Yr 0.2%* -21.8% 12.1% 64.26%
5 Yr 1.2%* -12.4% 14.9% 85.51%
10 Yr 2.8%* -5.3% 7.7% 65.71%

* Annualized

Return Ranking - Calendar

Period DMLIX Return Category Return Low Category Return High Rank in Category (%)
2023 -22.1% -48.5% 0.1% 82.35%
2022 8.1% -19.0% 48.3% 26.58%
2021 -1.6% -16.5% 52.8% 89.24%
2020 13.1% -8.5% 27.3% 31.65%
2019 -11.8% -29.6% 1.6% 66.34%

Total Return Ranking - Trailing

Period DMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -14.8% 44.2% 40.93%
1 Yr 5.3% -17.1% 36.8% 34.60%
3 Yr 0.2%* -21.8% 12.1% 64.26%
5 Yr 1.2%* -12.4% 14.9% 85.51%
10 Yr 2.8%* -5.3% 7.7% 65.71%

* Annualized

Total Return Ranking - Calendar

Period DMLIX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.0% -48.5% 4.6% 83.61%
2022 12.1% -14.2% 48.3% 46.41%
2021 3.3% -11.7% 77.4% 78.48%
2020 17.1% -3.9% 30.2% 25.69%
2019 -7.9% -28.0% 2.6% 68.32%

NAV & Total Return History


DMLIX - Holdings

Concentration Analysis

DMLIX Category Low Category High DMLIX % Rank
Net Assets 19.7 M 1.67 M 13.2 B 95.00%
Number of Holdings 103 2 1817 33.75%
Net Assets in Top 10 11.2 M -12.6 M 10 B 94.17%
Weighting of Top 10 58.23% -61.8% 131.5% 65.83%

Top 10 Holdings

  1. United States Treasury Bill 11.31%
  2. DoubleLine Flexible Income Fund 8.23%
  3. Fannie Mae REMICS 6.23%
  4. DoubleLine Core Fixed Income Fund 6.02%
  5. DoubleLine Total Return Bond Fund 6.01%
  6. United States Treasury Bill 5.58%
  7. iShares ESG MSCI USA Leaders ETF 5.31%
  8. BXIICS2E INDEX SWAP 103123 4.33%
  9. KraneShares Global Carbon Strategy ETF 2.66%
  10. United States Treasury Bill 2.54%

Asset Allocation

Weighting Return Low Return High DMLIX % Rank
Bonds
48.95% 0.00% 106.59% 9.58%
Stocks
36.00% 0.00% 144.00% 81.67%
Other
8.33% -153.73% 159.01% 2.50%
Cash
6.72% -33.22% 170.99% 49.58%
Convertible Bonds
0.08% 0.00% 8.92% 45.00%
Preferred Stocks
0.00% 0.00% 5.36% 77.08%

Stock Sector Breakdown

Weighting Return Low Return High DMLIX % Rank
Utilities
0.00% 0.00% 91.12% 56.33%
Technology
0.00% 0.00% 85.77% 63.67%
Real Estate
0.00% 0.00% 99.45% 19.59%
Industrials
0.00% 0.00% 23.85% 47.76%
Healthcare
0.00% 0.00% 38.63% 68.16%
Financial Services
0.00% 0.00% 98.22% 23.27%
Energy
0.00% 0.00% 60.89% 53.47%
Communication Services
0.00% 0.00% 21.61% 39.59%
Consumer Defense
0.00% 0.00% 37.51% 40.82%
Consumer Cyclical
0.00% 0.00% 25.83% 44.49%
Basic Materials
0.00% 0.00% 56.73% 28.98%

Stock Geographic Breakdown

Weighting Return Low Return High DMLIX % Rank
US
36.00% 0.00% 144.00% 73.33%
Non US
0.00% -1.94% 44.47% 76.67%

Bond Sector Breakdown

Weighting Return Low Return High DMLIX % Rank
Securitized
45.90% 0.00% 52.99% 1.25%
Government
6.35% 0.00% 99.78% 73.33%
Cash & Equivalents
6.18% 0.00% 99.79% 40.42%
Corporate
4.85% 0.00% 98.28% 50.00%
Derivative
4.28% -153.73% 159.02% 2.50%
Municipal
0.00% 0.00% 19.13% 85.00%

Bond Geographic Breakdown

Weighting Return Low Return High DMLIX % Rank
US
48.95% 0.00% 92.67% 6.67%
Non US
0.00% 0.00% 28.46% 76.67%

DMLIX - Expenses

Operational Fees

DMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.93% 0.49% 5.48% 39.58%
Management Fee 0.95% 0.00% 1.50% 60.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

DMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

DMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 80.56%

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.

DMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 1.75% 441.00% 16.49%

DMLIX - Distributions

Dividend Yield Analysis

DMLIX Category Low Category High DMLIX % Rank
Dividend Yield 9.74% 0.00% 12.71% 77.41%

Dividend Distribution Analysis

DMLIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

DMLIX Category Low Category High DMLIX % Rank
Net Income Ratio 2.44% -2.01% 13.72% 12.08%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DMLIX - Fund Manager Analysis

Managers

Jeffrey Sherman


Start Date

Tenure

Tenure Rank

Dec 20, 2010

11.45

11.5%

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.

Samuel Garza


Start Date

Tenure

Tenure Rank

Dec 20, 2010

11.45

11.5%

Mr. Garza has been a Portfolio Manager of DoubleLine Capital since its inception in December 2009. For the five-year period prior to joining DoubleLine Capital, Mr. Garza was a Senior Vice President at TCW.

Jeffrey Gundlach


Start Date

Tenure

Tenure Rank

Dec 20, 2010

11.45

11.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.69 13.0