About DBFRX
DoubleLine Floating Rate Fund Class I Shares is an institutional mutual fund that primarily invests in floating rate loans and other floating rate debt instruments. The fund’s central objective is to seek a high level of current income by allocating at least 80% of its net assets to floating rate securities, which are debt obligations with interest rates that adjust periodically, typically in response to changes in prevailing market rates. This investment approach makes the fund less sensitive to interest rate fluctuations compared to traditional fixed-rate bond funds, offering a distinct appeal in periods of rising rates.
The portfolio is diversified across industries, including software, health care, leisure, insurance, chemicals, and specialty retail, aiming to mitigate risks through broad sector exposure. The fund places strong emphasis on credit selection driven by fundamental research, focusing on stable or improving credits and actively avoiding deteriorating ones. With over 300 holdings, the fund represents a broad mix of corporate loans, some high-yield, and collateralized loan obligations, and is managed under a philosophy that prioritizes preservation of capital before chasing incremental yield. Its monthly income payouts and institutional share class structure make it a notable vehicle for investors seeking current income with defensive characteristics within the broader leveraged loan market.
Fund Family DoubleLine
Category Bank Loan
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol DBFRX
Share Class Class I
Index Morningstar LSTA US Leveraged Loan TR USD
DBFRX had a total return of 6.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.06%.
