DoubleLine Total Return Bond Fund Reaches 5-Year Anniversary
The
Five-Year Total Return
For the five-year period from its
Quarter End |
1Q |
1-Year |
3-Year |
Since Inception |
I-share |
1.62% |
5.93% |
4.78% |
8.65% |
N-share |
1.56% |
5.76% |
4.55% |
8.39% |
Barclays U.S. Aggregate Index |
1.61% |
5.72% |
3.10% |
4.54% |
As of |
I-Share |
N-Share |
||
Gross Expense Ratio |
0.47% |
0.72% |
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 213-633-8200 or by visiting www.doublelinefunds.com.
"The team managing the Fund strives to deliver excess total return within a context of rigorous risk management," said
Volatility and Risk-Adjusted Return
From
The Sharpe ratio is a measure of the excess return per unit of risk for an investment asset or a portfolio. By comparison, the Barclays Aggregate had a standard deviation of 3.97%, resulting in a Sharpe ratio of 1.62. The average standard deviation for the peer funds was 3.68%, resulting in a Sharpe ratio of 1.96.
Maximum Drawdown
Over the same five-year period, the Fund had a maximum drawdown of -3.97%. Maximum drawdown is an asset or fund's largest peak-to-trough decline over a given time period, calculated as the percentage from peak to trough. By comparison, the Barclays Aggregate had a maximum drawdown of -4.87% while the Morningstar peer fund category averaged a maximum drawdown of -4.99%.
|
Total Return |
Standard Deviation |
Sharpe Ratio |
Maximum Drawdown |
I-share |
8.86% |
3.21% |
3.73 |
-3.97% |
Barclays U.S. Aggregate Index |
4.57% |
3.97% |
1.62 |
-4.87% |
Peer Group Average |
5.06% |
3.68% |
1.96 |
-4.99% |
Investment Teams
As portfolio managers of the
Historically, the Fund has invested primarily in Agency and non-Agency residential mortgage-backed securities with smaller allocations to commercial mortgage-backed securities, collateralized loan obligations and U.S. Treasuries. By prospectus, the Fund can invest in other sectors of the fixed income universe. By prospectus, the Fund must have at least 50% of net assets in mortgage-backed securities rated AA-/Aa3 at the time of investment.
For more information on the Fund's portfolio composition and characteristics, please access the Fund's Statistics page at following web address:
http://doublelinefunds.com/funds/total_return/statistics.html
Share Class Information
DBLTX (I shares): Minimum initial investment is
DLTNX (N shares): Minimum initial investment is
About
Disclosures:
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contains this and other important information about the fund and may be obtained by calling 1 (877) 354-6311 / 1 (877) DLINE11 or visiting www.doublelinefunds.com. Please read the prospectus carefully before investing.
Mutual fund investing involves risk; Principal loss is possible.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in
The Fund may use certain types of investment derivatives. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Derivatives may involve certain costs and risk such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The Fund may also invest in securities related to real estate, which may decline in value as a result of factors affecting the real estate industry.
Standard Deviation is a statistical measure that is used by investors as a gauge for the amount of expected volatility.
Morningstar Intermediate-Term Bond Fund Category Average represents a universe of funds with similar investment objectives.
The Barclays Aggregate Bond Index is an index that covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities and asset-backed securities.
One may not directly invest in an index.
Credit distribution is determined from the highest available credit rating from any
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/doubleline-total-return-bond-fund-reaches-5-year-anniversary-300063715.html
SOURCE DoubleLine
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News