DFFLX: DoubleLine Flexible Income Fund

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DFFLX DoubleLine Flexible Income Fund


Profile

DFFLX - Profile

Vitals

  • YTD Return -3.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.09 B
  • Holdings in Top 10 19.6%

52 WEEK LOW AND HIGH

$9.39
$8.10
$9.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

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

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return -3.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.91%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DoubleLine Flexible Income Fund
  • Fund Family Name
    DoubleLine
  • Inception Date
    Jul 31, 2019
  • Shares Outstanding
    10719
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Gundlach

Fund Description

The fund seeks to achieve its investment objective by active asset allocation among market sectors in the fixed income universe. These sectors may include, for example, U.S. government securities, corporate debt securities, mortgage and other asset backed securities, foreign debt securities, including emerging market debt securities, loans, and high yield debt securities. It may invest in securities of any credit quality. The fund may invest without limit in securities rated below investment grade or unrated securities judged by the Adviser to be of comparable quality.


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Categories

Fund Company Quick Screens

DFFLX - Fund Company Quick Screens


Performance

DFFLX - Performance

Return Ranking - Trailing

Period DFFLX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -21.8% 300.2% 64.38%
1 Yr N/A -24.4% 302.5% 9.60%
3 Yr N/A* -12.1% 58.3% 6.61%
5 Yr N/A* -6.7% 33.1% 6.10%
10 Yr N/A* -4.9% 14.7% N/A

* Annualized

Return Ranking - Calendar

Period DFFLX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.4% 12.4% N/A
2018 N/A -9.2% 0.8% N/A
2017 N/A -12.3% 9.4% N/A
2016 N/A -2.8% 10.7% N/A
2015 N/A -11.1% 4.8% N/A

Total Return Ranking - Trailing

Period DFFLX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -21.8% 300.2% 64.38%
1 Yr N/A -24.4% 302.5% 8.28%
3 Yr N/A* -9.1% 62.3% 8.95%
5 Yr N/A* -4.2% 37.0% 12.21%
10 Yr N/A* -4.9% 19.9% N/A

* Annualized

Total Return Ranking - Calendar

Period DFFLX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.0% 12.6% N/A
2018 N/A -9.2% 4.8% N/A
2017 N/A -3.1% 15.2% N/A
2016 N/A -2.8% 17.7% N/A
2015 N/A -10.1% 5.4% N/A

NAV & Total Return History


Holdings

DFFLX - Holdings

Concentration Analysis

DFFLX Category Low Category High DFFLX % Rank
Net Assets 1.09 B 2.88 M 32.4 B 37.83%
Number of Holdings 1110 1 5115 23.08%
Net Assets in Top 10 213 M -3.43 B 10 B 35.26%
Weighting of Top 10 19.63% 11.1% 866.9% 86.03%

Top 10 Holdings

  1. DoubleLine Global Bond I 8.94%
  2. Pnmac Gsmr Issuer Trust 2.53% 1.56%
  3. PMT CREDIT RISK TRANSFER TRUST 2.92% 1.45%
  4. FMC GMSR ISSUER TRUST 5.07% 1.39%
  5. Home Partners Of America Trust 2019-2 3.87% 1.21%
  6. Cim Rr Trust 2017-3 10.51% 1.20%
  7. CONNECTICUT AVENUE SECURITIES TRUST 2.23% 1.10%
  8. Morgan Stanley Instl Lqudty Govt Instl 0.93%
  9. First American Government Obligs U 0.93%
  10. JPMorgan US Government MMkt IM 0.93%

Asset Allocation

Weighting Return Low Return High DFFLX % Rank
Bonds
95.19% -2367.93% 258.37% 18.59%
Cash
4.40% -164.01% 2217.71% 70.83%
Convertible Bonds
0.38% -1.28% 141.94% 59.62%
Stocks
0.03% -71.93% 249.29% 43.59%
Preferred Stocks
0.00% 0.00% 23.00% 48.40%
Other
0.00% -15.28% 43.46% 51.60%

Bond Sector Breakdown

Weighting Return Low Return High DFFLX % Rank
Securitized
63.00% 0.00% 95.98% 13.78%
Corporate
23.35% 0.00% 95.75% 46.47%
Government
8.89% -7.42% 398.07% 53.85%
Cash & Equivalents
4.39% -103.66% 100.00% 83.33%
Derivative
0.37% -238.73% 68.05% 50.96%
Municipal
0.00% 0.00% 80.02% 43.59%

Bond Geographic Breakdown

Weighting Return Low Return High DFFLX % Rank
US
65.59% -458.01% 190.23% 38.14%
Non US
29.60% -2231.74% 219.61% 31.73%

Expenses

DFFLX - Expenses

Operational Fees

DFFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 14.61% 88.35%
Management Fee 0.62% 0.00% 2.15% 54.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

DFFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DFFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

DFFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 2.00% 532.00% 21.43%

Distributions

DFFLX - Distributions

Dividend Yield Analysis

DFFLX Category Low Category High DFFLX % Rank
Dividend Yield 0.00% 0.00% 4.58% 23.69%

Dividend Distribution Analysis

DFFLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

DFFLX Category Low Category High DFFLX % Rank
Net Income Ratio 3.91% -0.23% 6.94% 26.28%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

DFFLX - Fund Manager Analysis

Managers

Jeffrey Gundlach


Start Date

Tenure

Tenure Rank

Apr 07, 2014

6.41

6.4%

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

3.98

4.0%

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 25.68 5.65 1.67