DoubleLine Flexible Income I
- DFLEX
- Price as of: Jan 22, 2021
-
$9.67
N/A N/A
- Primary Theme
- Bond Sector Diversified
- Fund Company
- DoubleLine
- Share Class
DFLEX - Snapshot
Vitals
- YTD Return 0.8%
- 3 Yr Annualized Return 3.4%
- 5 Yr Annualized Return 4.2%
- Net Assets $1.12 B
- Holdings in Top 10 15.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.73%
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) $100,000
- IRA $5,000
Fund Classification
-
Primary Theme
Bond Sector Diversified
- Fund Type Open End Mutual Fund
- Investment Style Nontraditional Bond
DFLEX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.12%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDoubleLine Flexible Income Fund
-
Fund Family NameDoubleLine
-
Inception DateApr 07, 2014
-
Shares Outstanding100736680
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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.
DFLEX - Performance
Return Ranking - Trailing
Period | DFLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -4.7% | 7.0% | 14.85% |
1 Yr | 2.9% | -28.6% | 24.1% | 72.15% |
3 Yr | 3.4%* | -17.9% | 10.4% | 66.61% |
5 Yr | 4.2%* | -11.9% | 14.1% | 67.74% |
10 Yr | N/A* | -1.2% | 13.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | DFLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -1.2% | -49.2% | 314.3% | 71.18% |
2019 | 2.5% | -35.1% | 15.3% | 72.36% |
2018 | -4.1% | -48.0% | 3.1% | 31.86% |
2017 | 1.3% | -14.8% | 11.2% | 59.31% |
2016 | 1.6% | -11.2% | 10.7% | 70.16% |
Total Return Ranking - Trailing
Period | DFLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -4.7% | 7.0% | 14.85% |
1 Yr | 2.9% | -31.1% | 24.1% | 62.99% |
3 Yr | 3.4%* | -19.5% | 10.4% | 60.66% |
5 Yr | 4.2%* | -12.9% | 14.1% | 63.84% |
10 Yr | N/A* | -1.2% | 13.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DFLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -1.2% | -49.2% | 314.3% | 71.18% |
2019 | 3.3% | -35.1% | 15.3% | 69.72% |
2018 | 0.1% | -48.0% | 8.0% | 12.10% |
2017 | 5.3% | -14.8% | 15.2% | 20.44% |
2016 | 5.5% | -11.2% | 17.7% | 33.72% |
NAV & Total Return History
DFLEX - Holdings
Concentration Analysis
DFLEX | Category Low | Category High | DFLEX % Rank | |
---|---|---|---|---|
Net Assets | 1.12 B | 10 | 132 B | 35.32% |
Number of Holdings | 1192 | 3 | 7676 | 18.56% |
Net Assets in Top 10 | 169 M | -2.73 B | 12 B | 38.89% |
Weighting of Top 10 | 14.99% | 4.8% | 100.0% | 78.01% |
Top 10 Holdings
- Doubleline Global Bond I 4.42%
- Pnmac Gsmr Issuer Trust 2.50013% 1.51%
- Fmc Gmsr Issuer Trust 5.07% 1.35%
- Merrill Lynch Mtg Inv Trust 0.55782% 1.29%
- Home Partners Of America Trust 2019-2 3.866% 1.26%
- Pmt Credit Risk Transfer Trust 2.8021% 1.19%
- Cim Rr Trust 2017-3 10.69015% 1.13%
- Connecticut Avenue Securities Trust 2.20013% 1.09%
- Canyon 2017-1 Clo Ltd 1.975% 0.89%
- Verus Securitization Trust 3.598% 0.86%
Asset Allocation
Weighting | Return Low | Return High | DFLEX % Rank | |
---|---|---|---|---|
Bonds | 96.89% | -262.75% | 9989800.00% | 17.36% |
Cash | 2.39% | -229.11% | 362.75% | 71.27% |
Convertible Bonds | 0.65% | 0.00% | 179.84% | 68.83% |
Stocks | 0.07% | -91.60% | 170.77% | 49.26% |
Preferred Stocks | 0.00% | 0.00% | 35.26% | 51.22% |
Other | 0.00% | -42.24% | 120.57% | 39.70% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFLEX % Rank | |
---|---|---|---|---|
Energy | 98.08% | 0.00% | 100.00% | 11.80% |
Industrials | 1.92% | 0.00% | 100.00% | 38.72% |
Utilities | 0.00% | 0.00% | 100.00% | 45.76% |
Technology | 0.00% | 0.00% | 100.00% | 33.95% |
Real Estate | 0.00% | 0.00% | 100.00% | 45.55% |
Healthcare | 0.00% | 0.00% | 80.00% | 44.10% |
Financial Services | 0.00% | 0.00% | 100.00% | 52.38% |
Communication Services | 0.00% | 0.00% | 100.00% | 57.35% |
Consumer Defense | 0.00% | 0.00% | 93.82% | 26.29% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 47.62% |
Basic Materials | 0.00% | 0.00% | 100.00% | 43.48% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFLEX % Rank | |
---|---|---|---|---|
US | 0.07% | -87.24% | 170.77% | 44.58% |
Non US | 0.00% | -4.36% | 8.33% | 26.96% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DFLEX % Rank | |
---|---|---|---|---|
Securitized | 66.27% | 0.00% | 99.25% | 10.03% |
Corporate | 24.89% | 0.00% | 99.91% | 67.62% |
Government | 5.97% | 0.00% | 98.23% | 63.14% |
Cash & Equivalents | 2.44% | 0.00% | 100.00% | 85.50% |
Derivative | 0.43% | 0.00% | 66.79% | 38.75% |
Municipal | 0.00% | 0.00% | 42.12% | 36.86% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DFLEX % Rank | |
---|---|---|---|---|
US | 69.37% | -262.75% | 217.49% | 40.38% |
Non US | 27.52% | -13.39% | 231.13% | 36.31% |
DFLEX - Expenses
Operational Fees
DFLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.01% | 14.61% | 80.43% |
Management Fee | 0.62% | 0.00% | 2.25% | 57.95% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
DFLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
DFLEX 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.
DFLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 41.00% | 0.00% | 493.00% | 16.18% |
DFLEX - Distributions
Dividend Yield Analysis
DFLEX | Category Low | Category High | DFLEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.34% | 11.68% |
Dividend Distribution Analysis
DFLEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
DFLEX | Category Low | Category High | DFLEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.12% | -1.55% | 18.14% | 24.93% |
Capital Gain Distribution Analysis
DFLEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.037 |
Feb 28, 2019 | $0.037 |
Jan 31, 2019 | $0.037 |
Dec 31, 2018 | $0.041 |
Nov 30, 2018 | $0.041 |
Oct 31, 2018 | $0.038 |
Sep 28, 2018 | $0.037 |
Aug 31, 2018 | $0.035 |
Jul 31, 2018 | $0.035 |
Jun 29, 2018 | $0.038 |
May 31, 2018 | $0.035 |
Apr 30, 2018 | $0.030 |
Mar 29, 2018 | $0.032 |
Feb 28, 2018 | $0.029 |
Jan 31, 2018 | $0.031 |
Dec 29, 2017 | $0.030 |
Nov 30, 2017 | $0.037 |
Oct 31, 2017 | $0.034 |
Sep 29, 2017 | $0.034 |
Aug 31, 2017 | $0.031 |
Jul 31, 2017 | $0.032 |
Jun 30, 2017 | $0.032 |
May 31, 2017 | $0.037 |
Apr 28, 2017 | $0.034 |
Mar 31, 2017 | $0.032 |
Feb 28, 2017 | $0.023 |
Jan 31, 2017 | $0.022 |
Dec 30, 2016 | $0.026 |
Nov 30, 2016 | $0.031 |
Oct 31, 2016 | $0.028 |
Sep 30, 2016 | $0.029 |
Aug 31, 2016 | $0.030 |
Jul 29, 2016 | $0.030 |
Jun 30, 2016 | $0.031 |
May 31, 2016 | $0.029 |
Apr 29, 2016 | $0.031 |
Mar 31, 2016 | $0.037 |
Feb 29, 2016 | $0.031 |
Jan 29, 2016 | $0.034 |
Dec 31, 2015 | $0.033 |
Nov 30, 2015 | $0.035 |
Oct 30, 2015 | $0.032 |
Sep 30, 2015 | $0.037 |
Aug 31, 2015 | $0.033 |
Jul 31, 2015 | $0.033 |
Jun 30, 2015 | $0.030 |
May 29, 2015 | $0.028 |
Apr 30, 2015 | $0.037 |
Mar 31, 2015 | $0.040 |
Feb 27, 2015 | $0.036 |
Jan 30, 2015 | $0.041 |
Dec 31, 2014 | $0.047 |
Nov 28, 2014 | $0.039 |
Oct 31, 2014 | $0.035 |
Sep 30, 2014 | $0.035 |
Aug 29, 2014 | $0.031 |
Jul 31, 2014 | $0.026 |
Jun 30, 2014 | $0.024 |
May 30, 2014 | $0.030 |
Apr 30, 2014 | $0.006 |
DFLEX - Fund Manager Analysis
Managers
Jeffrey Gundlach
Start Date
Tenure
Tenure Rank
Apr 07, 2014
6.74
6.7%
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
4.32
4.3%
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 |
---|---|---|---|
0.04 | 29.65 | 5.5 | 2.0 |