DLCMX: DoubleLine Strategic Commodity N - MutualFunds.com

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DLCMX DoubleLine Strategic Commodity N

  • Fund
  • DLCMX
  • Price as of: Oct 11, 2019
  • $9.23 + $0.06 + 0.65%

DLCMX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $426 M
  • Holdings in Top 10 8.5%

52 WEEK LOW AND HIGH

$9.23
$8.67
$10.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.27%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name DoubleLine Strategic Commodity Fund
  • Fund Family Name DoubleLine
  • Inception Date May 18, 2015
  • Shares Outstanding 5572584
  • Share Class N
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey J. Sherman

Fund Description

The fund normally seeks to generate long term total return through long and short exposures to commodity-related investments. The Advisor expects to gain commodity-related investment exposure primarily through derivatives contracts, securities, or other instruments. The Advisor uses investment leverage to achieve commodity exposures and expects to have, under normal circumstances, investment exposure to commodities in an amount up to the value of the fund's total assets.

DLCMX - Performance

Return Ranking - Trailing

Period DLCMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -9.8% 10.6% 44.55%
1 Yr -9.9% -43.4% 8.4% 51.38%
3 Yr 1.8%* -13.5% 1.8% 1.04%
5 Yr N/A* -23.0% -3.2% N/A
10 Yr N/A* -15.8% 17.8% N/A

* Annualized


Return Ranking - Calendar

Period DLCMX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.7% -42.9% -0.2% 8.16%
2017 3.5% -13.1% 10.5% 18.09%
2016 12.6% 3.1% 22.1% 24.73%
2015 N/A -64.9% -7.2% N/A
2014 N/A -34.3% 669.0% N/A

Total Return Ranking - Trailing

Period DLCMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -9.8% 10.6% 44.55%
1 Yr -9.9% -43.4% 8.4% 53.21%
3 Yr 1.8%* -13.5% 2.2% 6.25%
5 Yr N/A* -20.3% -3.2% N/A
10 Yr N/A* -12.4% 21.1% N/A

* Annualized


Total Return Ranking - Calendar

Period DLCMX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.9% -42.9% -0.2% 11.22%
2017 8.9% -8.3% 10.9% 10.64%
2016 13.1% 3.1% 23.2% 30.11%
2015 N/A -62.9% -7.2% N/A
2014 N/A -34.3% 698.3% N/A

NAV & Total Return History

DLCMX - Holdings

Concentration Analysis

DLCMX Category Low Category High DLCMX % Rank
Net Assets 426 M 1.2 M 7.26 B 50.45%
Number of Holdings 9 2 958 90.09%
Net Assets in Top 10 27.8 M -1.28 B 2.94 B 72.97%
Weighting of Top 10 8.54% 8.5% 165.3% 100.00%

Top 10 Holdings

  1. United States Treasury Bills 0% 8.54%


Asset Allocation

Weighting Return Low Return High DLCMX % Rank
Cash
91.46% -68.44% 143.93% 2.70%
Bonds
8.54% 0.00% 93.87% 86.49%
Stocks
0.00% 0.00% 49.05% 88.29%
Preferred Stocks
0.00% 0.00% 0.00% 80.18%
Other
0.00% -43.93% 106.81% 80.18%
Convertible Bonds
0.00% 0.00% 1.65% 89.19%

Bond Sector Breakdown

Weighting Return Low Return High DLCMX % Rank
Cash & Equivalents
91.46% -68.44% 143.93% 2.70%
Government
8.54% -13.32% 82.74% 66.67%
Derivative
0.00% -22.54% 0.42% 76.58%
Securitized
0.00% 0.00% 41.62% 90.09%
Corporate
0.00% 0.00% 57.39% 90.99%
Municipal
0.00% 0.00% 0.47% 81.98%

Bond Geographic Breakdown

Weighting Return Low Return High DLCMX % Rank
US
8.54% 0.00% 82.74% 83.78%
Non US
0.00% -11.51% 31.17% 83.78%

DLCMX - Expenses

Operational Fees

DLCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.01% 12.59% 59.09%
Management Fee 0.90% 0.00% 1.75% 72.97%
12b-1 Fee 0.25% 0.00% 1.00% 54.29%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

DLCMX 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% 4.00% N/A

Trading Fees

DLCMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover 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% 5463.00% 25.45%

DLCMX - Distributions

Dividend Yield Analysis

DLCMX Category Low Category High DLCMX % Rank
Dividend Yield 0.90% 0.00% 47.81% 55.86%

Dividend Distribution Analysis

DLCMX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DLCMX Category Low Category High DLCMX % Rank
Net Income Ratio 0.87% -1.16% 3.38% 53.64%

Capital Gain Distribution Analysis

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

DLCMX - Managers

Jeffrey J. Sherman

Manager

Start Date

Tenure

Tenure Rank

May 18, 2015

4.37

4.4%

Mr. Sherman joined DoubleLine in 2009, currently serves as the Deputy Chief Investment Officer and is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. Prior to DoubleLine, he was a Senior Vice President at TCW. Prior to TCW, he was a statistics and mathematics instructor at both the University of the Pacific and Florida State University. Mr. Sherman holds a BS in Applied Mathematics from the University of the Pacific and a MS in Financial Engineering from the Claremont Graduate University. He is a CFA charterholder.


Jeffrey Mayberry

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2018

1.17

1.2%

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.


Samuel Lau

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2018

1.17

1.2%

Mr. Lau joined DoubleLine in 2009. He works in portfolio management and trading for derivatives-based and multi-asset strategies.


Tenure Analysis

Category Low

0.27

Category High

14.36

Category Average

6.04

Category Mode

8.84