Morningstar Report 6-29-15
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Rating and Risk
DoubleLine Core Fixed Income I  DBLFX
 Morningstar Rating (Relative to Category)05-31-15 
 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 05-31-15 | *Trailing 5-Yr through 05-31-15 
Standard Deviation3.02 Sharpe Ratio1.27
Mean3.90 Bear Market Decile Rank*---
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 05-31-15 
 Standard Index
Barclays US Agg Bond TR USD
Best Fit Index
Barclays US Credit TR USD
R-Squared8892
Beta0.990.69
Alpha1.691.24
Total Returns
DoubleLine Core Fixed Income I  DBLFX
 Growth of $10,00005-31-15 
Fund: DoubleLine Core Fixed Income ICategory: Intermediate-Term BondIndex: Barclays US Agg Bond TR USD
 
 Performance History05-31-15 
 200820092010201120122013201405-15
Total Return %---------11.58.2-1.26.92.1
+/- Index---------3.63.90.80.91.1
+/- Category---------8.1-3.6-3.13.20.2
% Rank in Category---------1313583
Fund Category---------MUMUMUMUCI
See fund category codes
         
 Trailing Total Returnsthrough 06-26-15 
 Total Return %+/- Barclays US Agg Bond TR USD+/- Barclays US Govt/Credit 5-10 Yr TR USD% Rank in Cat
1-Day-0.270.120.17---
1-Week-0.640.260.51---
1-Month-1.240.260.67---
3-Month-0.900.971.06---
Year-to-date0.721.440.89---
1-Year2.461.170.66---
3-Year Annualized3.361.761.28---
5-Year Annualized6.333.011.64---
10-Yr Annualized------------
     
 Historical Quarterly Returns 
Q1Q2Q3Q4
20151.96---------
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
 2008200920102011201220132014
Investor Return %---------8.86.6-2.55.2
Total Return %---------11.58.2-1.26.9
+/- Category *---------7.0-3.6-3.03.2
% Rank in Category *---------1315526
        
 Investor Returns vs Total Returnsthrough 05-31-15 
 Investor Return %Total Return %Investor Return
% Rank in Category
1-Year3.094.063
3-Year Annualized2.643.9215
5-Year Annualized---------
10-Yr Annualized---------
 
*Data refers to Investor Returns
Tax Analysis
DoubleLine Core Fixed Income I  DBLFX
 Tax Analysis05-31-15 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return3.92------
Tax-adjusted Return2.12------
% Rank in Category19------
Tax Cost Ratio1.74------
    
Potential Cap Gains Exposure %0.3
Sec Filing
DoubleLine Core Fixed Income I  DBLFX
Portfolio
DoubleLine Core Fixed Income I  DBLFX
 Style Box Details03-31-15  
Average Eff Duration4.60 Yrs
Average Eff Maturity7.22 Yrs
Average Credit QualityBB
 
Investment Style History (as of 12-31)
2015
2014
2013
  
 
 
 Asset Allocation05-31-15 
 % Long% Short% Net Assets
Cash9.10.0 9.1
Stocks0.00.0 0.0
Bonds87.70.0 87.7
Other3.20.03.2
Foreign Stocks0.00.00.0
(as a % of assets)
 Bond Quality03-31-15  
% of Bond % of Bond
AAA48.7 BB10.1
AA4.4 B6.7
A8.5 Below B6.6
BBB12.7 Not Rated2.3
 Sector Weightings 05-31-15 
 % 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 Quotes05-31-15 
Number of Bond Holdings (Long)845 Annual Turnover %65
Number of Stock Holdings (Long)0 Yield %3.8
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings16.72
Number of Bond Holdings (Short)---
     
Top 25 HoldingsMaturity DateAmount 000Value $000% Net Assets
US Treasury Note 2.25%03/31/202189,60092,3512.11
US Treasury Note 2.375%12/31/202081,10084,2681.93
US Treasury Note 2%08/31/202183,10084,1971.93
US Treasury Note 1.75%02/28/202278,30077,7371.78
Morgan Stanley Inst Liquidity Gov Inst---69,07069,0701.58
BlackRock Liquidity FedFund Instl---69,07069,0701.58
Fidelity® Instl MM Fds Government I---69,07069,0701.58
US Treasury Note 2.75%11/15/202364,90068,6421.57
FHLMC 3%01/01/204557,82158,5121.34
DoubleLine Floating Rate I---5,68657,7721.32
US Treasury Note 1.75%10/31/202052,80053,1881.22
FHLMC CMO 3%02/15/204450,00051,4531.18
DoubleLine Long Duration Total Ret Bd I---5,00050,3001.15
FNMA 3%03/01/204539,74940,3020.92
US Treasury Bond 2.75%11/15/204240,70039,4950.90
FNMA 3.5%01/01/204536,38137,4480.86
Securitized Mtg Asset Ln Tr 2015-1 144A02/25/205452,60837,4410.86
FHLMC CMO 3%12/15/204135,00035,9630.82
Csmc Tr 2015-Rpl3 FRN12/26/205635,00034,9230.80
Impac Secd Assets Tr 2006-5 CMO02/25/203737,81529,4360.67
FHLMC CMO 3%06/15/203926,66527,8190.64
FHLMC CMO 3%02/15/203426,54427,6820.63
FNMA CMO 3%02/25/204329,31727,4610.63
Csmc Tr 2013-Ivr4 CMO07/25/204326,65127,4020.63
US Treasury Bond 3.625%02/15/204423,00026,3350.60
Portfolio Holdings as of 05-31-15
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 0.46
(As of 03-31-15)
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

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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Fidelity Advisor 401(k) I Shares
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Investacorp NTF
JP MORGAN NO-LOAD TRANSACTION FEE
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LPL SAM Eligible
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Morgan Stanley Consulting Group Advisor
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Pershing FundCenter
Pershing FundVest NTF
Pershing Retirement Plan Network
Raymond James
Raymond James WRAP Eligible
RBC Wealth Management-Network Eligible
RBC Wealth Management-Wrap Eligible
Schwab All (Retail, Instl, Retirement)
Scottrade TF
Securities America Advisors
Securities America Inc.
Shareholders Services Group
Smith Barney Portfolio Manager
TD Ameritrade Institutional
TD Ameritrade Retail
TD Ameritrade Trust Company
Thrivent – Advisory Eligible
TIAA-CREF Brokerage Services
TIAA-CREF NTF
Vanguard
Vanguard TF
WFA Fdntl Choice/PIM Updated 4/01/2015
WFA MF Advisory Updated 4/01/2015
Analyst Report Archive
DoubleLine Core Fixed Income I  DBLFX
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1. Performance
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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.