DBCMX: DoubleLine Strategic Commodity I

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DBCMX DoubleLine Strategic Commodity I


Profile

DBCMX - Profile

Vitals

  • YTD Return -7.4%
  • 3 Yr Annualized Return -4.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $343 M
  • Holdings in Top 10 138.1%

52 WEEK LOW AND HIGH

$8.54
$8.31
$9.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $5,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -7.4%
  • 3 Yr Annualized Total Return -2.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    DoubleLine Strategic Commodity Fund
  • Fund Family Name
    DoubleLine
  • Inception Date
    May 18, 2015
  • Shares Outstanding
    36245175
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey 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.


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Categories

Performance

DBCMX - Performance

Return Ranking - Trailing

Period DBCMX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.4% -10.4% 4.6% 84.68%
1 Yr -10.7% -16.3% 7.5% 90.91%
3 Yr -4.7%* -15.5% 3.0% 23.40%
5 Yr N/A* -20.8% -2.7% N/A
10 Yr N/A* -16.2% 17.6% N/A

* Annualized

Return Ranking - Calendar

Period DBCMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -8.3% 16.6% 80.00%
2018 -11.7% -42.9% -0.2% 9.18%
2017 3.7% -13.1% 10.5% 17.02%
2016 13.0% 3.1% 22.1% 19.35%
2015 N/A -64.9% -7.2% N/A

Total Return Ranking - Trailing

Period DBCMX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.4% -10.4% 4.6% 84.68%
1 Yr -10.7% -16.3% 7.5% 90.91%
3 Yr -2.7%* -15.5% 3.5% 18.09%
5 Yr N/A* -18.0% -1.8% N/A
10 Yr N/A* -12.8% 20.8% N/A

* Annualized

Total Return Ranking - Calendar

Period DBCMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -8.3% 16.6% 80.00%
2018 -10.6% -42.9% -0.2% 9.18%
2017 9.2% -8.3% 10.9% 9.57%
2016 13.6% 3.1% 23.2% 25.81%
2015 N/A -62.9% -7.2% N/A

NAV & Total Return History


Holdings

DBCMX - Holdings

Concentration Analysis

DBCMX Category Low Category High DBCMX % Rank
Net Assets 343 M 1.19 M 7.65 B 51.35%
Number of Holdings 15 4 897 74.77%
Net Assets in Top 10 448 M -65.8 M 1.94 B 27.93%
Weighting of Top 10 138.13% 0.7% 160.5% 12.61%

Top 10 Holdings

  1. Msbfmci Index Swap 010220 81.07%
  2. United States Treasury Bills 0% 15.57%
  3. Mlbxdl2l Index Swap 010220 10.38%
  4. Mlbxdl2s Index Swap 010220 10.36%
  5. United States Treasury Bills 0% 10.33%
  6. United States Treasury Bills 0% 6.52%
  7. United States Treasury Bills 0% 3.90%

Asset Allocation

Weighting Return Low Return High DBCMX % Rank
Stocks
81.09% -2.22% 81.09% 1.80%
Bonds
36.32% 0.00% 86.67% 45.95%
Preferred Stocks
0.00% 0.00% 0.00% 74.77%
Other
0.00% -2.17% 104.80% 93.69%
Convertible Bonds
0.00% 0.00% 2.62% 80.18%
Cash
-17.41% -30.84% 97.16% 93.69%

Stock Sector Breakdown

Weighting Return Low Return High DBCMX % Rank
Utilities
0.00% 0.00% 4.56% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 6.43% N/A
Industrials
0.00% 0.00% 53.55% N/A
Healthcare
0.00% 0.00% 0.08% N/A
Financial Services
0.00% 0.00% 1.42% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 32.16% N/A
Consumer Defense
0.00% 0.00% 22.61% N/A
Consumer Cyclical
0.00% 0.00% 6.44% N/A
Basic Materials
0.00% 0.00% 39.17% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DBCMX % Rank
US
81.09% -2.22% 81.09% 1.80%
Non US
0.00% 0.00% 32.63% 81.08%

Bond Sector Breakdown

Weighting Return Low Return High DBCMX % Rank
Cash & Equivalents
62.06% 3.86% 100.00% 32.43%
Government
37.94% 0.00% 96.14% 34.23%
Derivative
0.00% 0.00% 7.31% 76.58%
Securitized
0.00% 0.00% 45.86% 81.98%
Corporate
0.00% 0.00% 62.98% 81.98%
Municipal
0.00% 0.00% 0.66% 76.58%

Bond Geographic Breakdown

Weighting Return Low Return High DBCMX % Rank
US
36.32% 0.00% 100.21% 45.95%
Non US
0.00% -13.54% 23.85% 75.68%

Expenses

DBCMX - Expenses

Operational Fees

DBCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.01% 3.15% 75.23%
Management Fee 0.90% 0.00% 1.75% 72.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 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 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.

DBCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 5463.00% 18.92%

Distributions

DBCMX - Distributions

Dividend Yield Analysis

DBCMX Category Low Category High DBCMX % Rank
Dividend Yield 0.00% 0.00% 1.99% 81.98%

Dividend Distribution Analysis

DBCMX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

DBCMX Category Low Category High DBCMX % Rank
Net Income Ratio 1.14% -1.16% 3.57% 49.55%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DBCMX - Fund Manager Analysis

Managers

Jeffrey Sherman


Start Date

Tenure

Tenure Rank

May 18, 2015

4.71

4.7%

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.

Samuel Lau


Start Date

Tenure

Tenure Rank

Jul 31, 2018

1.5

1.5%

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

1.5

1.5%

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
0.08 14.7 5.62 9.18