About DLFNX
DoubleLine Core Fixed Income Fund Class N is a mutual fund specializing in intermediate-term core-plus bond investing. Its primary objective is to maximize current income and total return through a diversified portfolio of primarily investment-grade U.S. fixed-income securities, including government, corporate, and securitized debt instruments. The fund distinguishes itself by utilizing an active asset allocation approach led by DoubleLine’s Fixed Income Asset Allocation Committee. This strategy offers flexibility to allocate assets across various fixed income sectors based on market conditions, risk assessments, and relative value opportunities.
Notably, the fund has the capacity to invest up to one-third of its assets in lower-rated securities, such as high-yield (junk) bonds, bank loans, and related credit instruments, allowing for enhanced yield potential while carefully managing risk. It maintains a moderate interest rate sensitivity with an effective duration typically around five to six years. The fund’s top holdings often include U.S. Treasury securities and futures, emphasizing liquidity and credit quality. DoubleLine Core Fixed Income Fund Class N serves as a core fixed income holding, offering diversified exposure for investors seeking both risk mitigation and attractive income within the broader U.S. bond market.
Fund Family DoubleLine
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol DLFNX
Share Class Class N
Index Bloomberg U.S. Aggregate Bond TR
DLFNX had a total return of -2.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.87%.
