About DDLDX
DoubleLine Low Duration Bond Fund Class R6 is a mutual fund that seeks current income through active management of a diversified fixed income portfolio. It primarily invests in a range of debt securities, including U.S. Government obligations, Agency Mortgage-Backed Securities, Non-Agency MBS, Commercial MBS, corporate credits, bank loans, international fixed income, and emerging markets fixed income. The fund emphasizes low duration strategies to mitigate interest rate risk, focusing on shorter-term instruments with characteristics such as an effective duration around 1.6 years and weighted average life of approximately 2.7 years. Managed by DoubleLine Capital LP, headquartered in Los Angeles, California, since 2009, it employs a philosophy of active asset allocation to pursue better risk-adjusted returns in the short-duration bond market. Class R6 shares, available since July 31, 2019, are designed for retirement plans and feature a lower gross expense ratio. The fund maintains a broad credit quality breakdown, including investment-grade and below investment-grade securities, with hundreds of holdings across various sectors to provide income while navigating fixed income market dynamics.
Fund Family DoubleLine
Category Short-Term Bond
Performance Rating High
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol DDLDX
Share Class Class R6
Index ICE BofA Treasury 1-3 Year TR
DDLDX had a total return of 2.21% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.81%.
