Morningstar Report 12-2-16
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Rating and Risk
DoubleLine Core Fixed Income I  DBLFX
 Morningstar Rating (Relative to Category)11-30-16 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearHighAverage5 stars
5-YearAbove AverageAverage4 stars
10-Year
OverallAbove AverageAverage4 stars
Morningstar Category: Intermediate-Term BondClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 11-30-16 | *Trailing 5-Yr through 11-30-16 
Standard Deviation2.83 Sharpe Ratio1.24
Mean3.65 Bear Market Decile Rank*5
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 11-30-16 
 Standard Index
BBgBarc US Agg Bond TR USD
Best Fit Index
BBgBarc US Credit TR USD
R-Squared8992
Beta0.870.67
Alpha1.191.07
Total Returns
DoubleLine Core Fixed Income I  DBLFX
 Growth of $10,00011-30-16 
Fund: DoubleLine Core Fixed Income ICategory: Intermediate-Term BondIndex: BBgBarc US Agg Bond TR USD
 
 Performance History11-30-16 
 200920102011201220132014201511-16
Total Return %------11.58.2-1.26.90.63.9
+/- Index------3.63.90.80.90.11.4
+/- Category------8.1-3.6-3.13.22.8-2.6
% Rank in Category------1313581821
Fund Category------MUMUMUMUMUCI
See fund category codes
         
 Trailing Total Returnsthrough 12-02-16 
 Total Return %+/- BBgBarc US Agg Bond TR USD+/- BBgBarc US Govt/Credit 5-10 Yr TR USD% Rank in Cat
1-Day0.19-0.11-0.18---
1-Week0.07-0.010.02---
1-Month-2.100.451.30---
3-Month-2.360.751.49---
Year-to-date3.871.460.92---
1-Year3.011.200.88---
3-Year Annualized3.730.890.33---
5-Year Annualized3.811.440.64---
10-Yr Annualized------------
     
 Historical Quarterly Returns 
Q1Q2Q3Q4
20162.652.681.18---
20151.96-0.830.37-0.84
20142.732.360.351.28
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
 2009201020112012201320142015
Investor Return %------8.86.6-2.55.2-0.8
Total Return %------11.58.2-1.26.90.6
+/- Category *------7.0-3.6-3.03.02.6
% Rank in Category *------131562647
        
 Investor Returns vs Total Returnsthrough 11-30-16 
 Investor Return %Total Return %Investor Return
% Rank in Category
1-Year1.713.0242
3-Year Annualized1.713.6744
5-Year Annualized1.923.8541
10-Yr Annualized---------
 
*Data refers to Investor Returns
Tax Analysis
DoubleLine Core Fixed Income I  DBLFX
 Tax Analysis11-30-16 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return3.673.85---
Tax-adjusted Return2.042.17---
% Rank in Category815---
Tax Cost Ratio1.571.61---
    
Potential Cap Gains Exposure %-1.3
Sec Filing
DoubleLine Core Fixed Income I  DBLFX
Portfolio
DoubleLine Core Fixed Income I  DBLFX
 Style Box Details09-30-16  
Average Eff Duration4.44 Yrs
Average Eff Maturity6.63 Yrs
Average Credit QualityBBB
 
Investment Style History (as of 12-31)
2016
2015
2014
  
 
 
 Asset Allocation10-31-16 
 % Long% Short% Net Assets
Cash6.20.06.2
Stocks0.00.00.0
Bonds91.10.091.1
Other2.70.02.7
Foreign Stocks0.00.00.0
(as a % of assets)
 Bond Quality09-30-16  
% of Bond % of Bond
AAA55.6 BB4.7
AA4.7 B3.0
A12.3 Below B2.9
BBB13.3 Not Rated3.5
 Sector Weightings 10-31-16 
 % 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 Quotes10-31-16 
Number of Bond Holdings (Long)997 Annual Turnover %70
Number of Stock Holdings (Long)1 Yield %3.02
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings25.13
Number of Bond Holdings (Short)---
     
Top 25 HoldingsMaturity DateAmount 000Value $000% Net Assets
US Treasury Note07/15/2026340,929342,0644.46
US Treasury Note 2.25%03/31/2021247,800258,1143.36
US Treasury Note 2%11/30/2020237,900245,2603.20
DoubleLine Global Bond I---21,101219,0322.85
US Treasury Note 1%02/15/2018185,800186,4102.43
US Treasury Bond02/15/2046156,541169,1542.20
FNMA 3%09/01/2046136,289140,4881.83
DoubleLine Infrastructure Income I---12,174124,5371.62
Morgan Stanley Instl Lqudty Govt Instl---122,307122,3071.59
BlackRock Liquidity FedFund Instl---122,307122,3071.59
Fidelity® Inv MM Fds Government I---122,307122,3071.59
US Treasury Note 2.125%01/31/2021116,000120,1761.57
FHLMC 3%09/01/2046111,675115,1041.50
US Treasury Note 1.75%03/31/2022110,000111,8781.46
US Treasury Note 1.5%03/31/2023107,500107,1181.40
FHLMC CMO 2.7%01/15/204575,57676,8531.00
FHLMC 3%04/01/204657,09158,8430.77
US Treasury Note04/15/202156,40157,5620.75
FNMA 3%08/01/204653,67354,6870.71
DoubleLine Long Duration Total Ret Bd I---5,00052,8500.69
Csmc Tr 2014-Win2 CMO10/25/204447,88149,0520.64
FHLMC 3%01/01/204546,64748,0790.63
Csmc Tr 2015-Rpl3 FRN12/26/205644,91444,3410.58
FHLMC CMO 3%02/15/204442,20243,6160.57
FNMA CMO 3%01/25/204536,54738,1630.50
Portfolio Holdings as of 10-31-16
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
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
Biography
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 Expenses10-12-16 
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 $154
5-Year $269
10-Year $604
  
 
Actual Fees %
12b-1 0.00
Management0.40
Net Expense Ratio: Annual Report 0.46
(As of 03-31-16)
Net Expense Ratio: Prospectus 0.48
   
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

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

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.