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DLTNX DoubleLine Total Return Bond N

  • Fund
  • DLTNX
  • Price as of: Jul 19, 2019
  • $10.67 - $0.01 - 0.09%
  • Category
  • Total Bond Market

DLTNX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $52.9 B
  • Holdings in Top 10 10.5%

52 WEEK LOW AND HIGH

$10.67
$10.24
$10.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name DoubleLine Total Return Bond Fund
  • Fund Family Name DoubleLine
  • Inception Date Apr 06, 2010
  • Shares Outstanding 661836266
  • Share Class N
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey E. Gundlach

Fund Description

The DoubleLine Total Return Bond Fund Class N (DLTNX) seeks to provide investors with the highest total return possible from a portfolio of fixed-income securities. Using various credit and macroeconomic models, management at the fund can shift the portfolio into a variety of intermediate-term bonds, spanning government Treasuries to floating-rate loans. There are no bond sector or credit requirements. Income is a secondary objective.

Given its low expenses and focus on total returns, not just coupons, DLTNX makes an ideal secondary position in a bond portfolio. The fund is internally managed by DoubleLine Capital.

DLTNX - Performance

Return Ranking - Trailing

Period DLTNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -3.8% 13.0% 66.87%
1 Yr 2.4% -10.0% 8.4% 51.31%
3 Yr -0.8%* -4.2% 4.6% 90.36%
5 Yr -0.6%* -8.5% 23.6% 74.79%
10 Yr N/A* -7.3% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period DLTNX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -22.2% 3.1% 31.27%
2017 0.0% -5.1% 25.1% 78.44%
2016 -1.5% -8.5% 192.8% 96.28%
2015 -1.7% -33.0% 3.0% 33.36%
2014 1.8% -29.8% 32.1% 36.55%

Total Return Ranking - Trailing

Period DLTNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -3.8% 13.0% 62.48%
1 Yr 4.9% -10.0% 9.9% 13.80%
3 Yr 2.3%* -4.2% 6.8% 10.39%
5 Yr 2.8%* -8.2% 28.6% 5.39%
10 Yr N/A* -7.3% 26.4% N/A

* Annualized


Total Return Ranking - Calendar

Period DLTNX Return Category Return Low Category Return High Rank in Category (%)
2018 1.5% -22.2% 7.9% 2.43%
2017 3.4% -4.6% 25.1% 19.18%
2016 1.9% -4.1% 204.3% 34.73%
2015 2.1% -32.4% 4.2% 1.52%
2014 6.5% -29.8% 32.1% 3.86%

NAV & Total Return History

DLTNX - Holdings

Concentration Analysis

DLTNX Category Low Category High DLTNX % Rank
Net Assets 52.9 B 330 K 229 B 1.86%
Number of Holdings 2387 3 17343 6.32%
Net Assets in Top 10 5.64 B -28.8 B 32.2 B 3.86%
Weighting of Top 10 10.51% 4.0% 1674.7% 87.90%

Top 10 Holdings

  1. United States Treasury Notes 2.38% 2.52%

  2. United States Treasury Notes 2.88% 1.20%

  3. United States Treasury Notes 3.12% 1.02%

  4. Federal Home Loan Mortgage Corporation 3% 0.97%

  5. United States Treasury Notes 2.25% 0.95%

  6. Federal Home Loan Mortgage Corporation 3% 0.94%

  7. United States Treasury Notes 2% 0.94%

  8. United States Treasury Notes 2.62% 0.73%

  9. Federal Home Loan Mortgage Corporation 3% 0.64%

  10. United States Treasury Notes 2.88% 0.60%


Asset Allocation

Weighting Return Low Return High DLTNX % Rank
Bonds
94.45% 0.00% 394.27% 56.45%
Cash
5.56% -539.21% 70.47% 32.85%
Stocks
0.00% -3.42% 96.77% 93.95%
Preferred Stocks
0.00% 0.00% 20.33% 96.94%
Other
0.00% -98.58% 236.55% 88.03%
Convertible Bonds
0.00% 0.00% 18.42% 99.14%

Bond Sector Breakdown

Weighting Return Low Return High DLTNX % Rank
Securitized
84.83% 0.00% 103.00% 1.93%
Government
8.10% -74.72% 316.66% 75.00%
Cash & Equivalents
5.56% -532.79% 70.33% 30.92%
Corporate
1.52% 0.00% 127.23% 96.88%
Derivative
0.00% -234.33% 48.69% 79.06%
Municipal
0.00% 0.00% 102.07% 98.34%

Bond Geographic Breakdown

Weighting Return Low Return High DLTNX % Rank
US
91.10% 0.00% 219.16% 27.46%
Non US
3.35% -41.14% 244.34% 82.31%

DLTNX - Expenses

Operational Fees

DLTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.00% 38.42% 62.41%
Management Fee 0.40% 0.00% 2.15% 56.05%
12b-1 Fee 0.25% 0.00% 1.00% 57.40%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

DLTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

DLTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

DLTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 2337.00% 10.45%

DLTNX - Distributions

Dividend Yield Analysis

DLTNX Category Low Category High DLTNX % Rank
Dividend Yield 0.03% 0.00% 8.86% 28.46%

Dividend Distribution Analysis

DLTNX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

DLTNX Category Low Category High DLTNX % Rank
Net Income Ratio 3.14% -2.82% 7.22% 22.36%

Capital Gain Distribution Analysis

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

DLTNX - Managers

Jeffrey E. Gundlach

Manager

Start Date

Tenure

Tenure Rank

Apr 06, 2010

9.24

9.2%

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.


Philip A. Barach

Manager

Start Date

Tenure

Tenure Rank

Apr 06, 2010

9.24

9.2%

Mr. Barach is co-founder and President of DoubleLine Capital. Mr. Barach is a member of the DoubleLine Executive Committee. Prior to DoubleLine, Mr. Barach was Co-Founder and Group Managing Director of the TCW Mortgage Group where he spent over 23 years. He has over 32 years of fixed income investment experience. Before joining TCW, Mr. Barach was Senior Vice President of Chief Investments for Sun Life Insurance Company in Los Angeles, where he was responsible for the asset/liability management of the firm and oversight and management of the company's $5 billion investment portfolio. Previously, he served as Principal Fixed Income Officer for the California Public Employees' Retirement System (CalPERS), the largest pension plan in the country. In that capacity, he was responsible for managing the fixed income portion of the fund which was 100% internally managed. He attended the Hebrew University of Jerusalem, where he received a BA in International Relations and an MBA in Finance.


Tenure Analysis

Category Low

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12