DoubleLine Low Duration Bond Fund (DBLSX)
Under normal circumstances, the advisor intends to invest primarily in fixed income and other income-producing instruments rated investment grade and unrated securities considered by the Adviser to be of comparable credit quality. The advisor intends to invest at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in bonds. The fund may, however, invest up to 50% of its total assets in fixed income and other income-producing instruments rated below investment grade and those that are unrated but determined by the Adviser to be of comparable credit quality.
Fund Info
| ISIN | US2586208637 |
|---|---|
| CUSIP | 258620863 |
| Issuer | DoubleLine |
| Inception Date | Sep 30, 2011 |
| Category | Short-Term Bond |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
DBLSX features an expense ratio of 0.41%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DBLSX vs. OSTIX, DBLSX vs. BND
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DoubleLine Low Duration Bond 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 Low Duration Bond Fund had a return of 4.66% year-to-date (YTD) and 6.86% in the last 12 months. Over the past 10 years, DoubleLine Low Duration Bond Fund had an annualized return of 2.37%, while the S&P 500 had an annualized return of 11.41%, indicating that DoubleLine Low Duration Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.66% | 25.70% |
| 1 month | 0.11% | 3.51% |
| 6 months | 2.89% | 14.80% |
| 1 year | 6.86% | 37.91% |
| 5 years (annualized) | 2.33% | 14.18% |
| 10 years (annualized) | 2.37% | 11.41% |
Monthly Returns
The table below presents the monthly returns of DBLSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.63% | 0.09% | 0.60% | -0.03% | 0.76% | 0.55% | 0.87% | 0.68% | 0.73% | -0.41% | 4.66% | ||
| 2023 | 1.39% | -0.30% | 0.80% | 0.43% | 0.06% | 0.18% | 0.70% | 0.51% | 0.08% | 0.30% | 1.16% | 1.26% | 6.75% |
| 2022 | -0.28% | -0.50% | -1.00% | -0.48% | -0.25% | -0.66% | 0.51% | 0.02% | -1.11% | -0.48% | 0.97% | 0.56% | -2.69% |
| 2021 | 0.35% | 0.13% | -0.13% | 0.14% | 0.26% | -0.05% | 0.24% | 0.04% | 0.04% | -0.17% | -0.06% | -0.07% | 0.72% |
| 2020 | 0.44% | 0.32% | -5.11% | 1.18% | 1.67% | 1.44% | 0.59% | 0.58% | 0.17% | 0.07% | 0.47% | 0.39% | 2.04% |
| 2019 | 0.77% | 0.47% | 0.48% | 0.48% | 0.49% | 0.57% | 0.17% | 0.36% | 0.15% | 0.35% | 0.05% | 0.27% | 4.71% |
| 2018 | -0.00% | -0.10% | 0.13% | 0.01% | 0.26% | 0.15% | 0.25% | 0.25% | 0.24% | 0.06% | 0.07% | 0.06% | 1.40% |
| 2017 | 0.39% | 0.27% | 0.19% | 0.29% | 0.33% | 0.19% | 0.31% | 0.31% | 0.12% | 0.12% | 0.02% | 0.10% | 2.66% |
| 2016 | -0.01% | -0.01% | 0.64% | 0.52% | 0.10% | 0.62% | 0.43% | 0.21% | 0.21% | 0.12% | -0.29% | 0.20% | 2.77% |
| 2015 | 0.09% | 0.40% | 0.19% | 0.29% | 0.24% | -0.10% | 0.21% | -0.19% | -0.10% | 0.31% | -0.09% | -0.18% | 1.06% |
| 2014 | 0.24% | 0.24% | 0.04% | 0.16% | 0.52% | 0.18% | 0.09% | 0.18% | -0.12% | 0.18% | 0.19% | -0.29% | 1.60% |
| 2013 | 0.24% | 0.25% | 0.05% | 0.36% | -0.13% | -0.53% | 0.26% | 0.04% | 0.38% | 0.41% | 0.04% | 0.16% | 1.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DBLSX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DoubleLine Low Duration Bond Fund (DBLSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DoubleLine Low Duration Bond Fund provided a 5.06% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.43 | $0.23 | $0.17 | $0.24 | $0.32 | $0.29 | $0.24 | $0.25 | $0.25 | $0.21 | $0.18 |
Dividend yield | 5.06% | 4.48% | 2.49% | 1.74% | 2.39% | 3.19% | 2.91% | 2.43% | 2.54% | 2.47% | 2.09% | 1.74% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Low Duration Bond 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.00 | $0.41 | |
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.23 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the DoubleLine Low Duration Bond 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 Low Duration Bond Fund was 7.45%, occurring on Mar 25, 2020. Recovery took 113 trading sessions.
The current DoubleLine Low Duration Bond Fund drawdown is 0.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.45% | Mar 5, 2020 | 15 | Mar 25, 2020 | 113 | Sep 3, 2020 | 128 |
| -4.71% | Sep 23, 2021 | 282 | Nov 3, 2022 | 175 | Jul 19, 2023 | 457 |
| -0.91% | May 22, 2013 | 23 | Jun 24, 2013 | 76 | Oct 10, 2013 | 99 |
| -0.59% | Dec 1, 2014 | 12 | Dec 16, 2014 | 42 | Feb 18, 2015 | 54 |
| -0.57% | Oct 28, 2015 | 74 | Feb 12, 2016 | 24 | Mar 18, 2016 | 98 |
Volatility
Volatility Chart
The current DoubleLine Low Duration Bond Fund volatility is 0.34%, 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.