DoubleLine Core Plus Bond Fund  (ADBLX)

Fund Overview

Fund Overview

Share Class

N

NAV | as of 12/13/2019

$10.73
+$0.04 (+0.37%)

Morningstar | Style Box

L M E H M L

Overall Morningstar Rating



Rated against 544 Intermediate Core-Plus Bond funds as of 11/30/2019

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Growth of $10,000 (Hypothetical)

Since Inception 07/18/2011 to 11/30/2019 = $14,269.78

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The Fund seeks to maximize total return.

Why Consider

  • May serve as a one stop shop for investors seeking a fully diversified fixed income portfolio that extends beyond core bond sectors including emerging markets and high yield
  • Employs a team based approach for top-down sector allocation which incorporates sector fundamentals, relative valuations and interest rate scenario analysis
  • Selects securities based on a bottom-up fundamental analysis conducted by specialized teams with deep experience in their respective sectors

Documents

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Fund Managers

Jeffrey E. Gundlach

Founder and Chief Executive Officer

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Philip A. Barach

President

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Luz M. Padilla

Portfolio Manager

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Robert Cohen, CFA

Portfolio Manager

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Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 1.04%
  • Net Expense Ratio: 0.97%
  • Expense Cap Expiration Date: 03/01/2020

Distributions & Pricing


    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Nov 26, 2019 $0.033600 $0.033600
      Oct 29, 2019 $0.032700 $0.032700
      Sep 26, 2019 $0.027600 $0.027600
      Aug 28, 2019 $0.027500 $0.027500
      Jul 29, 2019 $0.030500 $0.030500
      Jun 26, 2019 $0.029900 $0.029900
      May 29, 2019 $0.028300 $0.028300
      Apr 26, 2019 $0.029600 $0.029600
      Mar 27, 2019 $0.032300 $0.032300
      Feb 26, 2019 $0.024300 $0.024300
      Jan 29, 2019 $0.026600 $0.026600
      Dec 27, 2018 $0.040900 $0.040900
      Nov 28, 2018 $0.032200 $0.032200
      Oct 29, 2018 $0.025700 $0.025700
      Sep 26, 2018 $0.032200 $0.032200
      Aug 29, 2018 $0.032600 $0.032600
      Jul 27, 2018 $0.032000 $0.032000
      Jun 27, 2018 $0.024500 $0.024500
      May 29, 2018 $0.024600 $0.024600
      Apr 26, 2018 $0.023500 $0.023500
      Mar 27, 2018 $0.024000 $0.024000
      Feb 26, 2018 $0.022800 $0.022800
      Jan 29, 2018 $0.022000 $0.022000
      Dec 27, 2017 $0.021400 $0.021400
      Nov 27, 2017 $0.024100 $0.024100
      Oct 26, 2017 $0.024500 $0.024500
      Sep 26, 2017 $0.024700 $0.024700
      Aug 28, 2017 $0.027100 $0.027100
      Jul 26, 2017 $0.022100 $0.022100
      Jun 27, 2017 $0.032100 $0.032100
      May 25, 2017 $0.032000 $0.032000
      Apr 25, 2017 $0.031900 $0.031900
      Mar 28, 2017 $0.027000 $0.027000
      Feb 23, 2017 $0.024600 $0.024600
      Jan 26, 2017 $0.025000 $0.025000
      Dec 27, 2016 $0.073500 $0.052700 $0.020800
      Nov 25, 2016 $0.025100 $0.025100
      Oct 26, 2016 $0.025200 $0.025200
      Sep 30, 2016 $0.025900 $0.025900
      Aug 31, 2016 $0.028800 $0.028800
      Jul 29, 2016 $0.024900 $0.024900
      Jun 30, 2016 $0.026400 $0.026400
      May 31, 2016 $0.026500 $0.026500
      Apr 29, 2016 $0.023500 $0.023500
      Mar 31, 2016 $0.026200 $0.026200
      Feb 29, 2016 $0.023200 $0.023200
      Jan 29, 2016 $0.018900 $0.018900
      Dec 30, 2015 $0.031900 $0.031900
      Nov 30, 2015 $0.030900 $0.030900
      Oct 30, 2015 $0.026900 $0.026900
      Sep 30, 2015 $0.028100 $0.028100
      Aug 31, 2015 $0.031800 $0.031800
      Jul 31, 2015 $0.033200 $0.033200
      Jun 30, 2015 $0.035700 $0.035700
      May 29, 2015 $0.031100 $0.031100
      Apr 30, 2015 $0.032100 $0.032100
      Mar 31, 2015 $0.031500 $0.031500
      Feb 27, 2015 $0.033200 $0.033200
      Jan 30, 2015 $0.032300 $0.032300
      Dec 30, 2014 $0.033800 $0.033800
      Nov 28, 2014 $0.023700 $0.023700
      Oct 31, 2014 $0.024800 $0.024800
      Sep 30, 2014 $0.035700 $0.035700
      Aug 29, 2014 $0.030400 $0.030400
      Jul 31, 2014 $0.037400 $0.037400
      Jun 30, 2014 $0.039800 $0.039800
      May 30, 2014 $0.035500 $0.035500
      Apr 30, 2014 $0.037500 $0.037500
      Mar 31, 2014 $0.037200 $0.037200
      Feb 28, 2014 $0.031200 $0.031200
      Jan 31, 2014 $0.035400 $0.035400
      Dec 30, 2013 $0.036900 $0.036900
      Nov 29, 2013 $0.030300 $0.030300
      Oct 31, 2013 $0.033000 $0.033000
      Sep 30, 2013 $0.035100 $0.035100
      Aug 30, 2013 $0.030900 $0.030900
      Jul 31, 2013 $0.033100 $0.033100
      Jun 28, 2013 $0.026200 $0.026200
      May 31, 2013 $0.028700 $0.028700
      Apr 30, 2013 $0.030800 $0.030800
      Mar 28, 2013 $0.025100 $0.025100
      Feb 28, 2013 $0.026100 $0.026100
      Jan 31, 2013 $0.025100 $0.025100
      Dec 28, 2012 $0.087900 $0.027800 $0.058800 $0.001300
      Nov 30, 2012 $0.037100 $0.037100
      Oct 31, 2012 $0.031700 $0.031700
      Sep 28, 2012 $0.025900 $0.025900
      Aug 31, 2012 $0.028200 $0.028200
      Jul 31, 2012 $0.026500 $0.026500
      Jun 29, 2012 $0.025000 $0.025000
      May 31, 2012 $0.031300 $0.031300
      Apr 30, 2012 $0.032000 $0.032000
      Mar 30, 2012 $0.027500 $0.027500
      Feb 29, 2012 $0.028100 $0.028100
      Jan 31, 2012 $0.029500 $0.029500
      Dec 29, 2011 $0.065700 $0.050400 $0.015300
      Nov 30, 2011 $0.038800 $0.038800
      Oct 31, 2011 $0.036200 $0.036200
      Sep 30, 2011 $0.028100 $0.028100
      Aug 31, 2011 $0.023100 $0.023100
      Jul 29, 2011 $0.004500 $0.004500

Risk & Return Stats

As of: 11/30/2019

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Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 09/30/2019

DoubleLine Global Bond Fund 4.38%
United States Treasury Note/Bond Fixed 1.42%
Fannie Mae Pool BC0281 Fixed 1.23%
United States Treasury Note/Bond Fixed 1.21%
United States Treasury Bill Zero Coupon 1.19%
United States Treasury Note/Bond Fixed 1.07%
United States Treasury Note/Bond Fixed 1.04%
United States Treasury Note/Bond Fixed 1.03%
Fannie Mae REMICS Fixed 1.02%
Fannie Mae REMICS Fixed 0.92%
% in Top 10 Holdings 14.51%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 09/30/2019

Investment Approach

Investment Approach

DoubleLine Core Plus Bond Fund

DoubleLine believes investors should be compensated for any incremental increase in risk. The Fund's investment approach combines a top-down sector allocation with bottom-up security selection. Sector allocation is based on input from all senior portfolio managers from each asset class. Security selection is driven by bottom-up credit analysis with support from scenario analysis for various market environments.

Additional Fund Highlight

Fully diversified, offering exposure to non-core bond areas such as emerging markets, municipals and high yield.


An Active Fixed Income Fund for an Uncertain Rate Environment

 
Help navigate an uncertain rate environment with active bond management. A manager who understands the variability in asset classes can be highly selective about which companies and countries to invest in to help drive performance for investors.
Read Full Perspective More About DoubleLine Capital

About

About DoubleLine Capital

Background

DoubleLine Capital blends active management of asset class exposure with bottom-up security selection to construct portfolios with efficient risk-adjusted returns.

Learn More

Founded

2009


Headquarters

Los Angeles, CA


AUM

$140B

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