DoubleLine Core Fixed Income Fund
- DDCFX
- Price as of: Feb 26, 2021
-
$11.13
N/A N/A
- Primary Theme
- U.S. Intermediate-Term Bond Duration
- Fund Company
- DoubleLine
- Share Class
DDCFX - Snapshot
Vitals
- YTD Return -1.4%
- 3 Yr Annualized Return 4.6%
- 5 Yr Annualized Return 4.3%
- Net Assets $11.6 B
- Holdings in Top 10 22.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.45%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 43.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Intermediate-Term Bond Duration
- Fund Type Open End Mutual Fund
- Investment Style Intermediate Core-Plus Bond
DDCFX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.26%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDoubleLine Core Fixed Income Fund
-
Fund Family NameDoubleLine
-
Inception DateJul 31, 2019
-
Shares Outstanding6041187
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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.
DDCFX - Performance
Return Ranking - Trailing
Period | DDCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -3.9% | 7.8% | 16.79% |
1 Yr | 3.7% | -6.4% | 15.5% | 89.77% |
3 Yr | 4.6%* | 0.9% | 9.4% | 85.63% |
5 Yr | 4.3%* | 1.1% | 8.8% | 55.41% |
10 Yr | 4.6%* | 1.5% | 8.3% | 15.16% |
* Annualized
Return Ranking - Calendar
Period | DDCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.3% | -10.1% | 946.1% | 82.58% |
2019 | N/A | -2.6% | 13.9% | N/A |
2018 | N/A | -10.3% | 2.7% | N/A |
2017 | N/A | -49.5% | 8.1% | N/A |
2016 | N/A | -49.3% | 192.8% | N/A |
Total Return Ranking - Trailing
Period | DDCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -3.9% | 7.8% | 16.79% |
1 Yr | 3.7% | -6.4% | 15.5% | 76.34% |
3 Yr | 4.6%* | 0.9% | 9.4% | 75.15% |
5 Yr | 4.3%* | 1.1% | 8.8% | 50.43% |
10 Yr | 4.6%* | 1.5% | 8.3% | 13.64% |
* Annualized
Total Return Ranking - Calendar
Period | DDCFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.3% | -10.1% | 946.1% | 82.58% |
2019 | N/A | -2.6% | 13.9% | N/A |
2018 | N/A | -10.3% | 3.9% | N/A |
2017 | N/A | -6.0% | 8.4% | N/A |
2016 | N/A | -5.7% | 204.3% | N/A |
NAV & Total Return History
DDCFX - Holdings
Concentration Analysis
DDCFX | Category Low | Category High | DDCFX % Rank | |
---|---|---|---|---|
Net Assets | 11.6 B | 852 K | 305 B | 12.77% |
Number of Holdings | 1858 | 1 | 18501 | 19.44% |
Net Assets in Top 10 | 2.78 B | -1.14 B | 45.6 B | 13.24% |
Weighting of Top 10 | 22.86% | 3.3% | 100.0% | 58.33% |
Top 10 Holdings
- Doubleline Global Bond I 5.38%
- Doubleline Infrastructure Income I 3.99%
- United States Treasury Notes 0.63% 2.63%
- United States Treasury Notes 2.59%
- United States Treasury Notes 0.5% 2.59%
- FNCL 2 10/20 2.56%
- FNCL 2 10/20 2.56%
- FNCL 2 10/20 2.56%
- FNCL 2 10/20 2.56%
- FNCL 2 10/20 2.56%
Asset Allocation
Weighting | Return Low | Return High | DDCFX % Rank | |
---|---|---|---|---|
Bonds | 94.21% | -54.98% | 286.91% | 48.61% |
Cash | 4.71% | -195.83% | 163.97% | 47.78% |
Convertible Bonds | 1.04% | 0.00% | 8.68% | 56.39% |
Stocks | 0.03% | -0.29% | 10.37% | 18.24% |
Preferred Stocks | 0.00% | 0.00% | 84.28% | 53.15% |
Other | 0.00% | -15.11% | 6.74% | 28.24% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DDCFX % Rank | |
---|---|---|---|---|
Energy | 63.09% | 0.00% | 100.00% | 35.60% |
Financial Services | 35.98% | 0.00% | 100.00% | 20.74% |
Industrials | 0.93% | 0.00% | 31.58% | 18.58% |
Utilities | 0.00% | 0.00% | 100.00% | 45.82% |
Technology | 0.00% | 0.00% | 74.34% | 26.93% |
Real Estate | 0.00% | 0.00% | 100.00% | 32.51% |
Healthcare | 0.00% | 0.00% | 22.66% | 33.44% |
Communication Services | 0.00% | 0.00% | 100.00% | 48.61% |
Consumer Defense | 0.00% | 0.00% | 18.43% | 28.48% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 35.60% |
Basic Materials | 0.00% | 0.00% | 22.80% | 34.37% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DDCFX % Rank | |
---|---|---|---|---|
US | 0.02% | -0.29% | 8.20% | 17.50% |
Non US | 0.01% | 0.00% | 3.59% | 5.93% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DDCFX % Rank | |
---|---|---|---|---|
Securitized | 43.32% | 0.00% | 97.86% | 15.56% |
Corporate | 27.59% | 0.00% | 100.00% | 63.80% |
Government | 24.06% | 0.00% | 83.98% | 38.80% |
Cash & Equivalents | 4.94% | 0.00% | 56.38% | 59.72% |
Municipal | 0.09% | 0.00% | 100.00% | 66.02% |
Derivative | 0.00% | 0.00% | 23.90% | 47.50% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DDCFX % Rank | |
---|---|---|---|---|
US | 78.25% | -55.23% | 255.76% | 73.15% |
Non US | 15.96% | -92.93% | 48.76% | 20.19% |
DDCFX - Expenses
Operational Fees
DDCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.01% | 19.93% | 80.08% |
Management Fee | 0.40% | 0.00% | 0.85% | 57.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
DDCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
DDCFX 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.
DDCFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.00% | 3.00% | 484.45% | 18.04% |
DDCFX - Distributions
Dividend Yield Analysis
DDCFX | Category Low | Category High | DDCFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.27% | 25.32% |
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 | 3.26% | -0.39% | 11.28% | 6.41% |
Capital Gain Distribution Analysis
DDCFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
DDCFX - Fund Manager Analysis
Managers
Jeffrey Gundlach
Start Date
Tenure
Tenure Rank
Jun 01, 2010
10.68
10.7%
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
4.4
4.4%
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 |
---|---|---|---|
0.07 | 32.1 | 6.93 | 1.59 |