Morningstar Report 11-18-17
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Rating and Risk
DoubleLine Core Fixed Income I  DBLFX
 Morningstar Rating (Relative to Category)10-31-17 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearHighBelow Average5 stars
5-YearAbove AverageAverage5 stars
OverallAbove AverageAverage5 stars
Morningstar Category: Intermediate-Term BondClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 10-31-17 | *Trailing 5-Yr through 10-31-17 
Standard Deviation2.57 Sharpe Ratio1.07
Mean3.12 Bear Market Decile Rank*5
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 10-31-17 
 Standard Index
BBgBarc US Agg Bond TR USD
Best Fit Index
BBgBarc US Credit TR USD
Total Returns
DoubleLine Core Fixed Income I  DBLFX
 Growth of $10,00010-31-17 
Fund: DoubleLine Core Fixed Income ICategory: Intermediate-Term BondIndex: BBgBarc US Agg Bond TR USD
 Performance History10-31-17 
Total Return %---11.58.2-
+/- Index---
+/- Category---8.1-3.6-
% Rank in Category---131358182417
See fund category codes
 Trailing Total Returnsthrough 11-17-17 
 Total Return %+/- BBgBarc US Agg Bond TR USD+/- BBgBarc US Govt/Credit 5-10 Yr TR USD% Rank in Cat
3-Year Annualized3.130.730.19---
5-Year Annualized2.930.940.71---
10-Yr Annualized------------
 Historical Quarterly Returns 
Investor Returns
DoubleLine Core Fixed Income I  DBLFX
What are Investor Returns?
Morningstar investor returns (also known as dollar-weighted returns) measure how the typical investor in a fund fared over various time periods, incorporating the impact of cash inflows and outflows from all investors' purchases and sales. If investors bought a fund after it had posted big gains and sold at a low ebb, investor returns will be lower than the fund's total returns. If investors bought and sold at more opportune times, however, investor returns will be higher than the fund's total returns. (For more details, please click here.)
 Performance History
Investor Return %---8.86.6-2.55.2-0.82.6
Total Return %---11.58.2-
+/- Category *---7.1-3.7-
% Rank in Category *---13156264741
 Investor Returns vs Total Returnsthrough 10-31-17 
 Investor Return %Total Return %Investor Return
% Rank in Category
3-Year Annualized2.403.138
5-Year Annualized2.172.999
10-Yr Annualized---------
*Data refers to Investor Returns
Tax Analysis
DoubleLine Core Fixed Income I  DBLFX
 Tax Analysis10-31-17 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return3.132.99---
Tax-adjusted Return1.731.37---
% Rank in Category913---
Tax Cost Ratio1.351.57---
Potential Cap Gains Exposure %0.3
Sec Filing
DoubleLine Core Fixed Income I  DBLFX
DoubleLine Core Fixed Income I  DBLFX
 Style Box Details06-30-17  
Average Eff Duration4.96 Yrs
Average Eff Maturity7.07 Yrs
Average Credit QualityBB
Investment Style History (as of 12-31)
 Asset Allocation08-31-17 
 % Long% Short% Net Assets
Foreign Stocks0.00.00.0
(as a % of assets)
 Bond Quality06-30-17  
% of Bond % of Bond
AAA50.7 BB4.8
AA3.6 B3.9
A14.0 Below B3.2
BBB15.2 Not Rated4.6
 Sector Weightings 08-31-17 
 % of BondsRel to Cat Avg
US Government
US Treasuries------
US Agency------
Mortgage Pass-Thru------
Mortgage CMO------
Mortgage ARM------
US Corporate------
Corporate Inflation-Protected--- 0.00
Foreign Corp------
Foreign Govt------
DoubleLine Core Fixed Income I  DBLFX
 Top 25 Holdings    Get Price Quotes08-31-17 
Number of Bond Holdings (Long)1030 Annual Turnover %31
Number of Stock Holdings (Long)5 Yield %2.87
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings24.33
Number of Bond Holdings (Short)---
Top 25 HoldingsMaturity DateAmount 000Value $000% Net Assets
DoubleLine Global Bond I---42,801457,9764.85
DoubleLine Infrastructure Income I---42,266434,9224.60
US Treasury Note 1.625%05/15/2026315,550304,1483.22
US Treasury Note 1.75%03/31/2022281,900282,7702.99
US Treasury Note 2.125%02/29/2024241,000244,3232.59
US Treasury Bond 2.75%11/15/2042212,850215,4732.28
US Treasury Note 2.25%03/31/2021209,600214,7752.27
US Treasury Note 2%11/30/2020189,900192,9712.04
BlackRock Liquidity FedFund Instl---145,555145,5551.54
Fidelity® Inv MM Fds Government I---145,555145,5551.54
Morgan Stanley Instl Lqudty Govt Instl---145,555145,5551.54
US Treasury Bond 2.875%08/15/2045121,100124,7661.32
US Treasury Note 2%08/31/2021107,000108,6301.15
FNMA 3%09/01/204667,16867,9830.72
FHLMC CMO 2.7%01/15/204564,18164,8110.69
FHLMC 3%09/01/204661,58362,3300.66
FHLMC 3%04/01/204652,40153,0370.56
DoubleLine Long Duration Total Ret Bd I---5,00051,0500.54
FNMA 3%08/01/204649,94150,3230.53
FHLMC 3%01/01/204744,81545,3660.48
FHLMC 3%01/01/204541,26241,7500.44
Csmc Tr 2015-Rpl3 FRN12/26/205641,05941,2170.44
FNMA 3%12/01/204640,08140,6350.43
Cim Tr 2017-6 CMO06/25/205740,00039,9980.42
Bayview Opp Mstr Fd 2017-Rn6 FRN08/30/203239,50039,7960.42
Portfolio Holdings as of 08-31-17
Top 25 holdings account for the fund's short positions (if any), which appear shaded.
DoubleLine Core Fixed Income I  DBLFX
Manager NameJeffrey E. Gundlach
Manager Start Date06-01-10
Jeffrey Gundlach is the Chief Executive Officer of DoubleLine. He is recognized as an expert in bonds and other debt-related investments. Mr. Gundlach appeared on the cover of Barron's as "The New Bond King" in 2011 and was named "Money Manager of the Year" by Institutional Investor in 2013. Bloomberg Markets magazine named him one of the "50 Most Influential" twice in 2012 & 2015. Mr. Gundlach is a graduate of Dartmouth College, summa cum laude, with degrees in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.
Manager NameJeffrey J. Sherman
Manager Start Date09-08-16
Mr. Sherman has been a Portfolio Manager of DoubleLine Capital since September 2010. For the five-year period prior to joining DoubleLine Capital, Mr. Sherman was a Senior Vice President at TCW. Mr. Sherman joined TCW in 2001 as a Quantitative Analyst focusing on fixed income analytics. He later joined the Multi-Strategy Fixed Income group in 2005. 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.
Fund Inception06-01-10
Fund Advisor(s)
DoubleLine Capital LP
Fund Subadvisor(s)
Fees & Expenses
DoubleLine Core Fixed Income I  DBLFX
 Fees and Expenses07-31-17 
Maximum Sales Fees %
Initial None
Deferred None
Redemption Fees % None
Maximum Fees %
Administrative 0.00
Total Cost ProjectionsCost per $10,000
3-Year $157
5-Year $274
10-Year $616
Actual Fees %
12b-1 0.00
Net Expense Ratio: Annual Report 0.46
(As of 03-31-16)
Net Expense Ratio: Prospectus 0.49
Expense Waivers:
Purchase Info
DoubleLine Core Fixed Income I  DBLFX
 Purchase Information  
Minimum InvestmentsBrokerage Availability
Initial $100000
Additional $100
Initial IRA $5000
Additional IRA $100
Initial AIP $100000
Additional AIP $100

Doubleline Funds Trust
333 South Grand Avenue, Suite 1800
Los Angeles,  CA  90071


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Analyst Report Archive
DoubleLine Core Fixed Income I  DBLFX
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Italics indicate Extended Performance. Extended performance is an estimate based on the performance of the fund's oldest share class, adjusted for fees.