Morningstar Report 4-21-14
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Rating and Risk
DoubleLine Core Fixed Income I  DBLFX
 Morningstar Rating (Relative to Category)03-31-14 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearHighAbove Average5 stars
5-Year
10-Year
OverallHighAbove Average5 stars
Morningstar Category: Intermediate-Term BondClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 03-31-14 | *Trailing 5-Yr through 03-31-14 
Standard Deviation3.20 Sharpe Ratio1.87
Mean6.05 Bear Market Decile Rank*---
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 03-31-14 
 Standard Index
Barclays US Agg Bond TR USD
Best Fit Index
Barclays US Universal TR USD
R-Squared9094
Beta1.071.12
Alpha2.081.38
Total Returns
DoubleLine Core Fixed Income I  DBLFX
 Growth of $10,00003-31-14 
Fund: DoubleLine Core Fixed Income ICategory: Intermediate-Term BondIndex: Barclays US Agg Bond TR USD
 
 Performance History03-31-14 
 200720082009201020112012201303-14
Total Return %------------11.58.2-1.22.7
+/- Index------------3.63.90.80.9
+/- Category------------8.1-3.6-3.10.4
% Rank in Category------------131359
Fund Category------------MUMUMUCI
See fund category codes
         
 Trailing Total Returnsthrough 04-18-14 
 Total Return %+/- Barclays US Agg Bond TR USD+/- Barclays US Govt/Credit 5-10 Yr TR USD% Rank in Cat
1-Day0.000.000.00---
1-Week-0.370.050.30---
1-Month0.530.210.44---
3-Month1.680.340.12---
Year-to-date3.010.800.27---
1-Year0.330.952.39---
3-Year Annualized5.962.330.81---
5-Year Annualized------------
10-Yr Annualized------------
     
 Historical Quarterly Returns 
Q1Q2Q3Q4
20142.73---------
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 *------------7.0-3.5-2.9
% Rank in Category *------------13153
        
 Investor Returns vs Total Returnsthrough 03-31-14 
 Investor Return %Total Return %Investor Return
% Rank in Category
1-Year-1.011.0355
3-Year Annualized3.176.1744
5-Year Annualized---------
10-Yr Annualized---------
 
*Data refers to Investor Returns
Tax Analysis
DoubleLine Core Fixed Income I  DBLFX
 Tax Analysis03-31-14 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return6.17------
Tax-adjusted Return4.31------
% Rank in Category4------
Tax Cost Ratio1.75------
    
Potential Cap Gains Exposure %-0.3
Sec Filing
DoubleLine Core Fixed Income I  DBLFX
Portfolio
DoubleLine Core Fixed Income I  DBLFX
 Style Box Details03-31-14  
Average Eff Duration4.61 Yrs
Average Eff Maturity6.59 Yrs
Average Credit QualityBB
 
Investment Style History (as of 12-31)
2014
2013
2012
  
 
 
 Asset Allocation03-31-14 
 % Long% Short% Net Assets
Cash8.30.0 8.3
Stocks0.00.0 0.0
Bonds91.70.0 91.7
Other0.00.00.0
Foreign Stocks0.00.00.0
(as a % of assets)
 Bond Quality03-31-14  
% of Bond % of Bond
AAA35.6 BB15.2
AA3.6 B4.6
A10.0 Below B10.6
BBB18.4 Not Rated2.0
 Sector Weightings 03-31-14 
 % 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 Quotes03-31-14 
Number of Bond Holdings (Long)605 Annual Turnover %30
Number of Stock Holdings (Long)0 Yield %4.31
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings25.04
Number of Bond Holdings (Short)---
     
Top 25 HoldingsMaturity DateAmount 000Value $000% Net Assets
DoubleLine Floating Rate I---10,282104,4626.08
US Treasury Note 1.625%08/15/202254,00050,6002.95
Fidelity Instl MM Fds Government I---40,29440,2942.35
Morgan Stanley Inst Liquidity Gov Inst---40,29440,2942.35
BlackRock Liquidity FedFund Instl---40,29440,2942.35
US Treasury Note 1%08/31/201939,50038,0232.21
US Treasury Note 1.875%06/30/202038,10037,9272.21
US Treasury Note 2.75%11/15/202328,80029,1001.69
US Treasury Bond 3.75%08/15/204127,70028,7211.67
FHLMC CMO 4%06/15/204221,37620,1841.18
FHLMC CMO 4%09/15/204118,67318,4021.07
FNMA CMO 4%03/25/204114,20414,1900.83
GNMA CMO 4.5%02/20/204111,31512,1510.71
Citigroup Mtg Ln Tr 2010-8 FRN12/26/203614,46811,9310.69
Gsr Mtg Ln Tr 2006-3f CMO 6%03/25/203611,31410,5820.62
FNMA CMO 4%08/25/203810,01110,5720.62
FNMA CMO 4.5%04/25/20409,0019,4340.55
Csmc Series 2010-4r CMO06/26/20379,3718,5840.50
J P Morgan Alt Ln Tr 2006-S3 CMO08/25/203610,0007,5310.44
Chase Mortgage Fin Tr 2007-A2 CMO07/25/20377,9167,3520.43
FHLMC 3.5%09/01/20427,2787,3030.43
GNMA CMO 4.5%03/20/20416,8407,2880.42
FHLMC CMO 3.5%08/15/20427,8737,0940.41
Gaz Cap Sa 4.95%02/06/20288,0007,0600.41
Csmc Mtg Tr 2006-4 CMO 6%05/25/20367,7037,0300.41
Portfolio Holdings as of 03-31-14
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 Expenses08-01-13 
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 $164
5-Year $285
10-Year $640
  
 
Actual Fees %
12b-1 0.00
Management0.40
Net Expense Ratio: Annual Report 0.50
(As of 03-31-13)
Net Expense Ratio: Prospectus 0.51
   
Expense Waivers:
DoubleLine Capital LP (the “Adviser”) has contractually agreed to waive its investment advisory fee and to reimburse the Fund for other ordinary operating expenses to the extent necessary to limit ordinary operating expenses to an amount not to exceed 0.49% for Class I shares.
   
Purchase Info
DoubleLine Core Fixed Income I  DBLFX
 Purchase Information  
Minimum InvestmentsBrokerage Availability
Initial $100000
Additional $100
Initial IRA $5000
Additional IRA $150
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.