DDCFX: DoubleLine Core Fixed Income Fund

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DDCFX DoubleLine Core Fixed Income Fund


Profile

DDCFX - Profile

Vitals

  • YTD Return -1.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $11.6 B
  • Holdings in Top 10 22.9%

52 WEEK LOW AND HIGH

$10.93
$10.31
$11.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DoubleLine Core Fixed Income Fund
  • Fund Family Name
    DoubleLine
  • Inception Date
    Jul 31, 2019
  • Shares Outstanding
    10601107
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Gundlach

Fund Description

The Advisor intends to invest at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in fixed income instruments. The fund may invest up to 33% 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. It may invest up to 5% of its net assets in defaulted corporate securities.


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Categories

Fund Company Quick Screens

DDCFX - Fund Company Quick Screens


Performance

DDCFX - Performance

Return Ranking - Trailing

Period DDCFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -31.4% 945.6% 75.79%
1 Yr N/A -25.1% 973.3% 17.02%
3 Yr N/A* -10.3% 120.4% 8.04%
5 Yr N/A* -5.3% 60.3% 7.27%
10 Yr N/A* -5.2% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period DDCFX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -12.4% 0.8% N/A
2017 N/A -6.0% 20.3% N/A
2016 N/A -7.8% 8.6% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period DDCFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -31.4% 945.6% 75.79%
1 Yr N/A -25.1% 973.3% 15.32%
3 Yr N/A* -7.5% 120.4% 8.04%
5 Yr N/A* -5.3% 60.3% 8.48%
10 Yr N/A* -5.1% 6.7% N/A

* Annualized

Total Return Ranking - Calendar

Period DDCFX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -11.7% 3.1% N/A
2017 N/A -6.0% 27.0% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -14.2% 4.2% N/A

NAV & Total Return History


Holdings

DDCFX - Holdings

Concentration Analysis

DDCFX Category Low Category High DDCFX % Rank
Net Assets 11.6 B 634 K 264 B 5.89%
Number of Holdings 1707 1 17920 7.97%
Net Assets in Top 10 2.65 B -587 M 20.8 B 4.69%
Weighting of Top 10 22.85% 2.3% 100.0% 44.93%

Top 10 Holdings

  1. DoubleLine Global Bond I 7.78%
  2. DoubleLine Infrastructure Income I 3.92%
  3. United States Treasury Notes 0.38% 2.77%
  4. United States Treasury Notes 0.63% 1.47%
  5. United States Treasury Notes 1.75% 1.41%
  6. United States Treasury Notes 2.25% 1.13%
  7. United States Treasury Notes 2.25% 1.12%
  8. Federal National Mortgage Association 0% 1.11%
  9. United States Treasury Notes 3% 1.09%
  10. United States Treasury Notes 2.5% 1.06%

Asset Allocation

Weighting Return Low Return High DDCFX % Rank
Bonds
95.09% 71.08% 159.74% 66.18%
Cash
3.94% -59.74% 27.48% 31.14%
Convertible Bonds
0.97% 0.00% 7.31% 28.60%
Stocks
0.00% -0.38% 18.10% 26.83%
Preferred Stocks
0.00% 0.00% 9.11% 33.32%
Other
0.00% -27.60% 31.83% 30.39%

Bond Sector Breakdown

Weighting Return Low Return High DDCFX % Rank
Securitized
37.47% 0.00% 98.72% 18.30%
Government
29.56% -2.21% 100.00% 20.45%
Corporate
28.63% 0.00% 99.41% 31.63%
Cash & Equivalents
3.97% -26.49% 24.02% 33.82%
Derivative
0.29% -0.83% 31.72% 9.56%
Municipal
0.10% 0.00% 100.11% 74.12%

Bond Geographic Breakdown

Weighting Return Low Return High DDCFX % Rank
US
76.73% 58.40% 156.78% 92.35%
Non US
18.36% -38.91% 29.50% 2.50%

Expenses

DDCFX - Expenses

Operational Fees

DDCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 34.57% N/A
Management Fee 0.40% 0.00% 1.25% 52.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

DDCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

DDCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

DDCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 489.00% 65.14%

Distributions

DDCFX - Distributions

Dividend Yield Analysis

DDCFX Category Low Category High DDCFX % Rank
Dividend Yield 0.28% 0.00% 6.20% 20.06%

Dividend Distribution Analysis

DDCFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DDCFX Category Low Category High DDCFX % Rank
Net Income Ratio N/A -0.71% 6.02% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

DDCFX - Fund Manager Analysis

Managers

Jeffrey Gundlach


Start Date

Tenure

Tenure Rank

Jun 01, 2010

9.92

9.9%

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

3.64

3.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.42 0.33