DoubleLine Floating Rate Fund (DBFRX)
The fund normally will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in floating rate loans and other floating rate investments. The adviser expects that many or all of the fund's investments will be rated below investment grade or unrated but of comparable credit quality. It may invest in securities of stressed, distressed, and defaulted issuers (including issuers involved in bankruptcy proceedings, reorganizations, financial restructurings, or otherwise experiencing financial hardship).
Fund Info
ISIN | US2586208488 |
---|---|
CUSIP | 258620848 |
Issuer | DoubleLine |
Inception Date | Jan 31, 2013 |
Category | Bank Loan |
Min. Investment | $100,000 |
Asset Class | Bond |
Expense Ratio
DBFRX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DBFRX vs. SRLN
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DoubleLine Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DoubleLine Floating Rate Fund had a return of 2.91% year-to-date (YTD) and 10.05% in the last 12 months. Over the past 10 years, DoubleLine Floating Rate Fund had an annualized return of 3.62%, while the S&P 500 had an annualized return of 10.41%, indicating that DoubleLine Floating Rate Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.91% | 6.17% |
1 month | 0.66% | -2.72% |
6 months | 5.58% | 17.29% |
1 year | 10.05% | 23.80% |
5 years (annualized) | 3.96% | 11.47% |
10 years (annualized) | 3.62% | 10.41% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.49% | 0.80% | 0.81% | 0.66% | ||||||||
2023 | -0.27% | 1.41% | 1.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DBFRX is 100, placing it in the top 0% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DoubleLine Floating Rate Fund(DBFRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DoubleLine Floating Rate Fund (DBFRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DoubleLine Floating Rate Fund granted a 8.43% dividend yield in the last twelve months. The annual payout for that period amounted to $0.76 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.76 | $0.76 | $0.46 | $0.31 | $0.38 | $0.51 | $0.46 | $0.37 | $0.35 | $0.37 | $0.34 | $0.16 |
Dividend yield | 8.43% | 8.42% | 5.14% | 3.24% | 4.04% | 5.29% | 4.89% | 3.75% | 3.50% | 3.82% | 3.38% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.06 | $0.06 | $0.05 | $0.06 | ||||||||
2023 | $0.06 | $0.05 | $0.07 | $0.05 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 |
2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 |
2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2019 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 |
2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 |
2014 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
2013 | $0.00 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the DoubleLine Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DoubleLine Floating Rate Fund was 18.59%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-18.59% | Jan 22, 2020 | 43 | Mar 23, 2020 | 122 | Sep 15, 2020 | 165 |
-6% | Jan 21, 2022 | 114 | Jul 6, 2022 | 146 | Feb 2, 2023 | 260 |
-3.46% | Oct 25, 2018 | 46 | Jan 2, 2019 | 37 | Feb 26, 2019 | 83 |
-3.34% | Jul 22, 2015 | 143 | Feb 12, 2016 | 69 | May 23, 2016 | 212 |
-1.42% | Dec 1, 2014 | 12 | Dec 16, 2014 | 24 | Jan 22, 2015 | 36 |
Volatility
Volatility Chart
The current DoubleLine Floating Rate Fund volatility is 0.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.