Morningstar Report 11-22-14
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Rating and Risk
DoubleLine Core Fixed Income I  DBLFX
 Morningstar Rating (Relative to Category)10-31-14 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearAbove AverageAverage4 stars
5-Year
10-Year
OverallAbove AverageAverage4 stars
Morningstar Category: Intermediate-Term BondClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 10-31-14 | *Trailing 5-Yr through 10-31-14 
Standard Deviation3.01 Sharpe Ratio1.57
Mean4.79 Bear Market Decile Rank*---
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 10-31-14 
 Standard Index
Barclays US Agg Bond TR USD
Best Fit Index
Barclays US Universal TR USD
R-Squared8994
Beta1.051.06
Alpha1.911.21
Total Returns
DoubleLine Core Fixed Income I  DBLFX
 Growth of $10,00010-31-14 
Fund: DoubleLine Core Fixed Income ICategory: Intermediate-Term BondIndex: Barclays US Agg Bond TR USD
 
 Performance History10-31-14 
 200720082009201020112012201310-14
Total Return %------------11.58.2-1.26.5
+/- Index------------3.63.90.81.4
+/- Category------------8.1-3.6-3.12.1
% Rank in Category------------131356
Fund Category------------MUMUMUCI
See fund category codes
         
 Trailing Total Returnsthrough 11-21-14 
 Total Return %+/- Barclays US Agg Bond TR USD+/- Barclays US Govt/Credit 5-10 Yr TR USD% Rank in Cat
1-Day0.180.030.03---
1-Week-0.09-0.18-0.11---
1-Month-0.160.190.58---
3-Month0.55-0.30-0.06---
Year-to-date6.501.220.19---
1-Year6.511.641.05---
3-Year Annualized4.712.011.06---
5-Year Annualized------------
10-Yr Annualized------------
     
 Historical Quarterly Returns 
Q1Q2Q3Q4
20142.732.360.35---
20130.46-2.350.030.68
20121.992.122.940.87
20112.232.634.351.80
2010------5.130.34
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
 2007200820092010201120122013
Investor Return %------------8.86.6-2.5
Total Return %------------11.58.2-1.2
+/- Category *------------7.1-3.6-2.9
% Rank in Category *------------13154
        
 Investor Returns vs Total Returnsthrough 10-31-14 
 Investor Return %Total Return %Investor Return
% Rank in Category
1-Year4.445.8314
3-Year Annualized3.274.8422
5-Year Annualized---------
10-Yr Annualized---------
 
*Data refers to Investor Returns
Tax Analysis
DoubleLine Core Fixed Income I  DBLFX
 Tax Analysis10-31-14 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return4.84------
Tax-adjusted Return2.99------
% Rank in Category17------
Tax Cost Ratio1.77------
    
Potential Cap Gains Exposure %0.2
Sec Filing
DoubleLine Core Fixed Income I  DBLFX
Portfolio
DoubleLine Core Fixed Income I  DBLFX
 Style Box Details09-30-14  
Average Eff Duration4.32 Yrs
Average Eff Maturity6.49 Yrs
Average Credit QualityBB
 
Investment Style History (as of 12-31)
2014
2013
2012
  
 
 
 Asset Allocation10-31-14 
 % Long% Short% Net Assets
Cash16.50.0 16.5
Stocks0.00.0 0.0
Bonds83.10.0 83.1
Other0.30.00.3
Foreign Stocks0.00.00.0
(as a % of assets)
 Bond Quality09-30-14  
% of Bond % of Bond
AAA42.6 BB15.7
AA2.3 B6.3
A8.3 Below B8.5
BBB14.2 Not Rated2.2
 Sector Weightings 10-31-14 
 % of BondsRel to Cat Avg
US Government
US Treasuries------
TIPS------
US Agency------
Mortgage
Mortgage Pass-Thru------
Mortgage CMO------
Mortgage ARM------
Credit
US Corporate------
Asset-Backed------
Convertible------
Municipal------
Corporate Inflation-Protected--- 0.00
Foreign
Foreign Corp------
Foreign Govt------
Cash------
Holdings
DoubleLine Core Fixed Income I  DBLFX
 Top 25 Holdings    Get Price Quotes10-31-14 
Number of Bond Holdings (Long)699 Annual Turnover %53
Number of Stock Holdings (Long)0 Yield %4.2
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings26.62
Number of Bond Holdings (Short)---
     
Top 25 HoldingsMaturity DateAmount 000Value $000% Net Assets
DoubleLine Floating Rate I---14,279143,5065.52
BlackRock Liquidity FedFund Instl---83,70483,7043.22
Fidelity® Instl MM Fds Government I---83,70483,7043.22
Morgan Stanley Inst Liquidity Gov Inst---83,70483,7043.22
US Treasury Bond 3.625%02/15/204469,20076,8072.95
US Treasury Note 1.75%10/31/202066,70066,1372.54
US Treasury Note 1%08/31/201951,40049,9421.92
US Treasury Note 2.75%11/15/202341,90043,5761.68
Impac Secd Assets Tr 2006-5 CMO02/25/203740,27031,5111.21
FHLMC CMO 3%06/15/203928,50129,6161.14
FNMA CMO 3%02/25/204328,80925,1170.97
US Treasury Note 1.875%06/30/202024,90024,9950.96
FHLMC 3%07/01/204323,54523,6130.91
FHLMC CMO 4%06/15/204221,95322,5510.87
US Treasury Note 1.625%08/15/202223,20022,3590.86
FHLMC CMO 3%07/15/204019,85720,4890.79
FNMA CMO 3%10/25/203919,65420,2810.78
FHLMC CMO 4%09/15/204119,17720,2100.78
FNMA CMO 3%11/25/204423,08320,0550.77
FNMA CMO 4%03/25/204114,58715,0930.58
Pr Mtg Ln Tr 2014-1 CMO10/25/204914,78814,9360.57
Cwalt Inc 2006-42 CMO 6%01/25/204715,47413,7060.53
GNMA CMO 4.5%02/20/204111,65912,6500.49
Citigroup Mtg Ln Tr 2010-8 FRN12/26/203614,16812,0270.46
FNMA CMO 4%08/25/203810,28110,7420.41
Portfolio Holdings as of 10-31-14
Top 25 holdings account for the fund's short positions (if any), which appear shaded.
Management
DoubleLine Core Fixed Income I  DBLFX
 Management
Manager NameJeffrey E. Gundlach
Manager Start Date06-01-10
Biography
Mr. Gundlach is the co-founder, Chief Executive Officer and Chief Investment Officer of DoubleLine. He was formerly associated with TCW where he was Chief Investment Officer and head of fixed income activities. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.
 
Fund Inception06-01-10
Fund Advisor(s)
DoubleLine Capital LP
Fund Subadvisor(s)
Fees & Expenses
DoubleLine Core Fixed Income I  DBLFX
 Fees and Expenses10-01-14 
Maximum Sales Fees %
Initial None
Deferred None
  
Redemption Fees % None
  
Maximum Fees %
Administrative 0.00
Management0.40
  
Total Cost ProjectionsCost per $10,000
3-Year $167
5-Year $291
10-Year $653
  
 
Actual Fees %
12b-1 0.00
Management0.40
Net Expense Ratio: Annual Report 0.48
(As of 03-31-14)
Net Expense Ratio: Prospectus 0.52
   
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
Address

333 South Grand Avenue, Suite 1800
Los Angeles, CA 90071
Los Angeles,  CA  90071


877-354-6311
http://www.doublelinefunds.com

 
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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.