DoubleLine Strategic Commodity I
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
4.8%
1 yr return
31.2%
3 Yr Avg Return
8.9%
5 Yr Avg Return
4.7%
Net Assets
$208 M
Holdings in Top 10
97.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Commodities Broad Basket
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
DBCMX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 8.9%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.66%
- Dividend Yield 12.9%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameDoubleLine Strategic Commodity Fund
-
Fund Family NameDoubleLine
-
Inception DateMay 18, 2015
-
Shares Outstanding18671573
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey Sherman
Fund Description
The fund normally seeks to generate long term total return through long and short exposures to commodity-related investments. The Advisor expects to gain commodity-related investment exposure primarily through derivatives contracts, securities, or other instruments. The Advisor uses investment leverage to achieve commodity exposures and expects to have, under normal circumstances, investment exposure to commodities in an amount up to the value of the fund's total assets.
DBCMX - Performance
Return Ranking - Trailing
| Period | DBCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -17.0% | 55.2% | 29.00% |
| 1 Yr | 31.2% | -88.7% | 150.6% | 40.00% |
| 3 Yr | 8.9%* | -47.9% | 49.1% | 75.70% |
| 5 Yr | 4.7%* | -39.9% | 69.1% | 44.91% |
| 10 Yr | N/A* | -29.8% | 25.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | DBCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 15.7% | -84.3% | 1912.1% | 44.64% |
| 2020 | -6.1% | -87.8% | 612.3% | 71.95% |
| 2019 | 3.7% | -88.2% | 438.4% | 65.58% |
| 2018 | -11.7% | -81.2% | 323.8% | 33.94% |
| 2017 | 3.7% | -37.6% | 55.7% | 38.56% |
Total Return Ranking - Trailing
| Period | DBCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -1.1% | 55.2% | 11.69% |
| 1 Yr | 31.2% | -88.7% | 150.6% | 37.33% |
| 3 Yr | 8.9%* | -47.9% | 49.1% | 73.36% |
| 5 Yr | 4.7%* | -39.9% | 69.1% | 43.71% |
| 10 Yr | N/A* | -29.8% | 25.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | DBCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 15.7% | -84.3% | 1912.1% | 44.20% |
| 2020 | -6.1% | -87.8% | 295.5% | 70.59% |
| 2019 | 3.7% | -88.2% | 438.4% | 66.98% |
| 2018 | -10.6% | -81.2% | 208.1% | 33.33% |
| 2017 | 9.2% | -37.6% | 55.7% | 18.30% |
NAV & Total Return History
DBCMX - Holdings
Concentration Analysis
| DBCMX | Category Low | Category High | DBCMX % Rank | |
|---|---|---|---|---|
| Net Assets | 208 M | 249 K | 57.1 B | 46.35% |
| Number of Holdings | 13 | 1 | 779 | 71.61% |
| Net Assets in Top 10 | 189 M | 0 | 57.1 B | 61.94% |
| Weighting of Top 10 | 97.17% | 20.1% | 100.0% | 31.20% |
Top 10 Holdings
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
- Msbfmci Index Swap 100120 79.75%
Asset Allocation
| Weighting | Return Low | Return High | DBCMX % Rank | |
|---|---|---|---|---|
| Cash | 43.49% | -276.85% | 104.40% | 32.89% |
| Bonds | 39.09% | 0.00% | 103.05% | 40.00% |
| Other | 17.42% | -4.40% | 269.12% | 69.74% |
| Stocks | 0.00% | -1.74% | 90.19% | 65.16% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 54.61% |
| Convertible Bonds | 0.00% | 0.00% | 5.30% | 69.74% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | DBCMX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 52.66% | 1.75% | 100.00% | 52.59% |
| Government | 47.34% | 0.00% | 98.25% | 23.70% |
| Derivative | 0.00% | 0.00% | 24.88% | 62.96% |
| Securitized | 0.00% | 0.00% | 29.15% | 71.85% |
| Corporate | 0.00% | 0.00% | 60.65% | 74.07% |
| Municipal | 0.00% | 0.00% | 2.04% | 61.48% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | DBCMX % Rank | |
|---|---|---|---|---|
| US | 39.09% | 0.00% | 106.36% | 36.18% |
| Non US | 0.00% | -4.49% | 28.68% | 67.11% |
DBCMX - Expenses
Operational Fees
| DBCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.11% | 0.15% | 3.08% | 24.12% |
| Management Fee | 0.90% | 0.00% | 1.75% | 86.75% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
| DBCMX 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% | 4.00% | N/A |
Trading Fees
| DBCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| DBCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.00% | 0.00% | 460.74% | 28.08% |
DBCMX - Distributions
Dividend Yield Analysis
| DBCMX | Category Low | Category High | DBCMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 12.89% | 0.00% | 25.19% | 56.84% |
Dividend Distribution Analysis
| DBCMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| DBCMX | Category Low | Category High | DBCMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.66% | -55.71% | 60.36% | 70.34% |
Capital Gain Distribution Analysis
| DBCMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 31, 2018 | $0.107 |
| Dec 29, 2017 | $0.526 |
| Jun 30, 2016 | $0.050 |
DBCMX - Fund Manager Analysis
Managers
Jeffrey Sherman
Start Date
Tenure
Tenure Rank
May 18, 2015
6.63
6.6%
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 Lau
Start Date
Tenure
Tenure Rank
Jul 31, 2018
3.42
3.4%
Mr. Lau joined DoubleLine in 2009. He works in portfolio management and trading for derivatives-based and multi-asset strategies.
Jeffrey Mayberry
Start Date
Tenure
Tenure Rank
Jul 31, 2018
3.42
3.4%
Mr. Mayberry works in portfolio management and trading for derivatives-based and multi-asset strategies. He joined DoubleLine in 2009 where he oversaw portfolio analytics, risk management and the development of portfolio management systems. He moved to his current role on the Macro-Asset Allocation team in 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 17.13 | 6.56 | 3.96 |