Morningstar Report 3-5-15
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Rating and Risk
DoubleLine Core Fixed Income I  DBLFX
 Morningstar Rating (Relative to Category)02-28-15 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearAbove AverageAverage4 stars
OverallAbove AverageAverage4 stars
Morningstar Category: Intermediate-Term BondClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 02-28-15 | *Trailing 5-Yr through 02-28-15 
Standard Deviation3.06 Sharpe Ratio1.40
Mean4.33 Bear Market Decile Rank*---
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 02-28-15 
 Standard Index
Barclays US Agg Bond TR USD
Best Fit Index
Barclays US Universal TR USD
Total Returns
DoubleLine Core Fixed Income I  DBLFX
 Growth of $10,00002-28-15 
Fund: DoubleLine Core Fixed Income ICategory: Intermediate-Term BondIndex: Barclays US Agg Bond TR USD
 Performance History02-28-15 
Total Return %---------11.58.2-
+/- Index---------
+/- Category---------8.1-3.6-3.13.2-0.1
% Rank in Category---------13135817
Fund Category---------MUMUMUMUCI
See fund category codes
 Trailing Total Returnsthrough 03-04-15 
 Total Return %+/- Barclays US Agg Bond TR USD+/- Barclays US Govt/Credit 5-10 Yr TR USD% Rank in Cat
3-Year Annualized4.221.630.96---
5-Year Annualized------------
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 %------------8.86.6-2.5
Total Return %------------11.58.2-1.2
+/- Category *------------7.1-3.6-3.0
% Rank in Category *------------13155
 Investor Returns vs Total Returnsthrough 02-28-15 
 Investor Return %Total Return %Investor Return
% Rank in Category
3-Year Annualized3.164.3718
5-Year Annualized---------
10-Yr Annualized---------
*Data refers to Investor Returns
Tax Analysis
DoubleLine Core Fixed Income I  DBLFX
 Tax Analysis02-28-15 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return4.37------
Tax-adjusted Return2.57------
% Rank in Category19------
Tax Cost Ratio1.73------
Potential Cap Gains Exposure %0.9
Sec Filing
DoubleLine Core Fixed Income I  DBLFX
DoubleLine Core Fixed Income I  DBLFX
 Style Box Details12-31-14  
Average Eff Duration4.54 Yrs
Average Eff Maturity6.82 Yrs
Average Credit QualityBB
Investment Style History (as of 12-31)
 Asset Allocation01-31-15 
 % Long% Short% Net Assets
Cash14.20.0 14.2
Stocks0.00.0 0.0
Bonds84.30.0 84.3
Foreign Stocks0.00.00.0
(as a % of assets)
 Bond Quality12-31-14  
% of Bond % of Bond
AAA50.8 BB12.0
AA2.8 B6.3
A8.1 Below B7.7
BBB11.2 Not Rated1.2
 Sector Weightings 01-31-15 
 % 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 Quotes01-31-15 
Number of Bond Holdings (Long)777 Annual Turnover %25
Number of Stock Holdings (Long)0 Yield %3.89
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings22.27
Number of Bond Holdings (Short)---
Top 25 HoldingsMaturity DateAmount 000Value $000% Net Assets
DoubleLine Floating Rate I---10,596106,0652.85
BlackRock Liquidity FedFund Instl---95,43595,4352.56
Fidelity® Instl MM Fds Government I---95,43595,4352.56
Morgan Stanley Inst Liquidity Gov Inst---95,43595,4352.56
US Treasury Note 2.75%11/15/202384,90092,8992.49
US Treasury Note 2.375%12/31/202068,40072,3761.94
US Treasury Note 2%08/31/202168,80071,1971.91
US Treasury Note 1.75%10/31/202069,50071,1231.91
US Treasury Bond 3.625%02/15/204450,80066,0201.77
US Treasury Note 2%02/15/202361,90064,0041.72
US Treasury Note 2.25%03/31/202155,00057,7891.55
US Treasury Bond 2.75%11/15/204251,00056,4471.52
DoubleLine Long Duration Total Ret Bd I---5,00053,8001.44
FNMA 3.5%01/01/204539,89541,4831.11
Impac Secd Assets Tr 2006-5 CMO02/25/203739,13030,6430.82
FHLMC CMO 3%02/15/203428,00029,3660.79
FHLMC CMO 3%06/15/203927,77829,2320.78
FNMA CMO 3%02/25/204329,02527,4700.74
FHLMC CMO 3%02/15/204325,91225,3140.68
FHLMC CMO 4%06/15/204222,17324,6690.66
FHLMC 3%07/01/204323,18123,9730.64
FNMA CMO 3%05/25/204322,60422,8990.61
FNMA CMO 3%11/25/204423,25722,6060.61
FHLMC CMO 4%09/15/204119,37021,8800.59
FNMA 3%11/01/204220,54621,2900.57
Portfolio Holdings as of 01-31-15
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
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
Total Cost ProjectionsCost per $10,000
3-Year $167
5-Year $291
10-Year $653
Actual Fees %
12b-1 0.00
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

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.