Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
-4.8%
3 Yr Avg Return
2.5%
5 Yr Avg Return
6.0%
Net Assets
$127 M
Holdings in Top 10
101.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DLCMX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.22%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDoubleLine Strategic Commodity Fund
-
Fund Family NameDoubleLine Funds
-
Inception DateMay 18, 2015
-
Shares Outstanding1958612
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Sherman
Fund Description
- | Long Basket or Index-Related Exposure. The Adviser may create one or more long commodity-related positions in the Fund’s portfolio, representing what the Adviser considers from time to time to be efficient, broad-based exposure to a number of commodities. For example, the Adviser may identify one or more baskets or indexes of commodities, which will typically be administered and maintained by a third party, although the Adviser may provide recommendations to the basket or index sponsor during the construction of the basket or index or from time to time thereafter as to the exposures to be reflected in the basket or index. In pursuit of this strategy, the Adviser will normally attempt to replicate within the Fund’s portfolio the commodity exposures of the basket or index. These basket- or index-based exposures will typically comprise at least 50% of the Fund’s commodity exposures, and may constitute as much as 100% of the Fund’s commodity |
exposures. The Adviser, in its discretion, may add to or replace the baskets or indexes, or may determine to implement the Fund’s investment program without relying on any baskets or indexes. In the latter case, the Adviser would rely principally on the investment techniques described under “Tactical Commodity Exposure,” below. |
- | As of the date of this Prospectus, the Adviser has licensed the right to use the Morgan Stanley Backwardation-Focused Multi-Commodity Index (described below) (the “Morgan Stanley Index”), and the Fund invests in derivative instruments intended to provide exposure to the Morgan Stanley Index in implementing this aspect of the Fund’s principal investment strategies. However, the Adviser at any time may discontinue the use of the Morgan Stanley Index or may use other commodities-related indices at any time and without notice or may work with another index sponsor to create a custom commodities-related index. There can be no assurance that the Fund will continue to use the Morgan Stanley Index in implementing its principal investment strategies. For more information regarding the Morgan Stanley Index, see “The Morgan Stanley Index” below. |
- | Tactical Commodity Exposure. The Adviser may seek to generate additional returns or modify the Fund’s broad-based commodities exposures by taking long and/or short positions in individual commodities or in other baskets of commodities or commodity indexes. These investments may be made in commodities, such as precious metals, that are not represented in the basket or index of commodities through which the Fund may be obtaining broad-based commodities exposures. The Adviser will determine whether to take such positions based on the Adviser’s quantitative models as well as the Adviser’s views of changing market, economic and political factors, market fundamentals, macroeconomic trends, and global or local events. The Adviser may also seek to pursue “market neutral” returns by creating roughly equal “long” and “short” exposures on different commodities of any kind. The Fund’s tactical commodity exposures will be actively managed, and the allocation of the Fund’s assets to various commodities will change over time, sometimes rapidly. |
DLCMX - Performance
Return Ranking - Trailing
Period | DLCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -31.6% | 31.1% | 87.50% |
1 Yr | -4.8% | -42.1% | 33.0% | 92.19% |
3 Yr | 2.5%* | -40.8% | 276.4% | 53.17% |
5 Yr | 6.0%* | -29.6% | 133.8% | 82.93% |
10 Yr | N/A* | -28.1% | 47.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | DLCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.0% | -64.0% | 30.1% | 35.94% |
2022 | -23.2% | -40.8% | 2475.6% | 88.19% |
2021 | 15.6% | -23.3% | 106.7% | 34.13% |
2020 | -6.3% | -71.9% | 295.5% | 72.36% |
2019 | 3.7% | -31.8% | 53.9% | 74.59% |
Total Return Ranking - Trailing
Period | DLCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -31.6% | 31.1% | 87.50% |
1 Yr | -4.8% | -42.1% | 33.0% | 92.19% |
3 Yr | 2.5%* | -40.8% | 276.4% | 53.17% |
5 Yr | 6.0%* | -29.6% | 133.8% | 82.93% |
10 Yr | N/A* | -28.1% | 47.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DLCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 41.0% | -64.0% | 41.1% | 1.56% |
2022 | 13.0% | -15.1% | 5648.8% | 55.12% |
2021 | 31.0% | -23.3% | 188.1% | 44.44% |
2020 | -5.6% | -67.8% | 296.1% | 73.98% |
2019 | 5.5% | -31.8% | 53.9% | 77.05% |
NAV & Total Return History
DLCMX - Holdings
Concentration Analysis
DLCMX | Category Low | Category High | DLCMX % Rank | |
---|---|---|---|---|
Net Assets | 127 M | 2.34 M | 27.6 B | 68.79% |
Number of Holdings | 15 | 1 | 1009 | 81.25% |
Net Assets in Top 10 | 147 M | 2.66 M | 30.7 B | 72.66% |
Weighting of Top 10 | 101.11% | 17.2% | 169.5% | 9.68% |
Top 10 Holdings
- United States Treasury Bill 27.42%
- United States Treasury Bill 15.51%
- First American Government Obligations Fund 12.06%
- MSILF Government Portfolio 12.06%
- JPMorgan US Government Money Market Fund 12.06%
- United States Treasury Bill 10.27%
- United States Treasury Bill 6.79%
- United States Treasury Bill 4.45%
- MLBXDL3S INDEX SWAP 070124 0.25%
- CIBZC30S INDEX SWAP 070124 0.25%
Asset Allocation
Weighting | Return Low | Return High | DLCMX % Rank | |
---|---|---|---|---|
Bonds | 64.44% | 0.00% | 127.91% | 31.25% |
Cash | 36.17% | 0.00% | 101.92% | 42.86% |
Stocks | 0.00% | 0.00% | 49.72% | 89.84% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 88.89% |
Convertible Bonds | 0.00% | 0.00% | 3.89% | 92.00% |
Other | -0.57% | -7.17% | 100.19% | 66.67% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DLCMX % Rank | |
---|---|---|---|---|
Government | 74.12% | 0.00% | 100.00% | 9.73% |
Cash & Equivalents | 36.17% | 0.00% | 100.00% | 45.61% |
Securitized | 0.00% | 0.00% | 19.62% | 93.81% |
Corporate | 0.00% | 0.00% | 42.72% | 93.81% |
Municipal | 0.00% | 0.00% | 1.45% | 90.27% |
Derivative | -0.57% | -7.17% | 100.19% | 48.25% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DLCMX % Rank | |
---|---|---|---|---|
US | 64.44% | 0.00% | 116.12% | 31.75% |
Non US | 0.00% | 0.00% | 12.98% | 88.89% |
DLCMX - Expenses
Operational Fees
DLCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.34% | 0.21% | 5.23% | 32.00% |
Management Fee | 0.90% | 0.00% | 1.75% | 85.99% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 66.67% |
Administrative Fee | N/A | 0.05% | 0.45% | N/A |
Sales Fees
DLCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
DLCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
DLCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 162.00% | 37.50% |
DLCMX - Distributions
Dividend Yield Analysis
DLCMX | Category Low | Category High | DLCMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.06% | 0.00% | 19.94% | 41.40% |
Dividend Distribution Analysis
DLCMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
DLCMX | Category Low | Category High | DLCMX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.22% | -55.71% | 52.26% | 85.60% |
Capital Gain Distribution Analysis
DLCMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.215 | OrdinaryDividend |
Dec 30, 2022 | $3.586 | OrdinaryDividend |
Dec 30, 2021 | $1.325 | OrdinaryDividend |
Dec 07, 2021 | $0.003 | CapitalGainShortTerm |
Dec 31, 2019 | $0.068 | OrdinaryDividend |
Dec 31, 2018 | $0.083 | OrdinaryDividend |
Dec 06, 2018 | $0.001 | CapitalGainShortTerm |
Dec 29, 2017 | $0.518 | OrdinaryDividend |
Dec 06, 2017 | $0.000 | CapitalGainShortTerm |
Jun 30, 2016 | $0.045 | OrdinaryDividend |
Dec 04, 2015 | $0.003 | CapitalGainShortTerm |
DLCMX - Fund Manager Analysis
Managers
Jeffrey Sherman
Start Date
Tenure
Tenure Rank
May 18, 2015
7.04
7.0%
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.
Samuel Lau
Start Date
Tenure
Tenure Rank
Jul 31, 2018
3.84
3.8%
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
3.84
3.8%
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 |
---|---|---|---|
0.33 | 17.03 | 6.11 | 11.51 |