DoubleLine Floating Rate Fund Class N Shares (DLFRX)
| Fund Assets | 103.92M |
| Expense Ratio | 1.00% |
| Min. Investment | $2,000 |
| Turnover | 65.00% |
| Dividend (ttm) | 0.59 |
| Dividend Yield | 6.64% |
| Dividend Growth | -13.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.95 |
| YTD Return | -0.11% |
| 1-Year Return | 5.88% |
| 5-Year Return | 26.95% |
| 52-Week Low | 8.27 |
| 52-Week High | 9.00 |
| Beta (5Y) | 0.12 |
| Holdings | 345 |
| Inception Date | Feb 1, 2013 |
About DLFRX
DoubleLine Floating Rate Fund Class N Shares is an actively managed mutual fund focused on **floating rate bank loans and other floating rate debt instruments**. Its stated objective is to seek a **high level of current income**, emphasizing credit preservation as a prerequisite to total return. The fund normally invests at least **80% of net assets in floating rate loans and related securities**, resulting in a low duration profile that is less sensitive to traditional interest rate movements. The portfolio is broadly diversified across hundreds of issuers, with significant exposure to **sub‑investment‑grade corporate credit**, particularly in sectors such as health care, services, manufacturing, and consumer-related industries. Management relies on fundamental, bottom‑up credit research, aiming to identify stable-to-improving borrowers while avoiding deteriorating credits. Within the broader fixed income universe, DoubleLine Floating Rate Fund Class N Shares plays the role of a **specialized loan fund**, offering access to the leveraged loan market and floating rate income as part of a diversified bond allocation.
Performance
DLFRX had a total return of 5.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.51%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFRCX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class C | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| DBFRX | Class I | 0.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04064 | Jan 30, 2026 |
| Dec 31, 2025 | $0.05107 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04122 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0497 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04791 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0543 | Aug 29, 2025 |