Doubleline Selective Credit Fund (DBSCX)
The fund will seek to achieve its investment objective by investing principally in a portfolio of residential and commercial mortgage-backed securities and other asset-backed securities. It will normally invest at least 25% of its total assets in mortgage-backed securities, including privately-issued (commonly known as "non-agency") securities. The fund may invest in collateralized bond obligations ("CBOs"), CLOs, other CDOs, and other similarly structured securities.
Fund Info
| ISIN | US2586207563 |
|---|---|
| Issuer | DoubleLine |
| Inception Date | Aug 3, 2014 |
| Category | Multisector Bonds |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
DBSCX has an expense ratio of 0.05% which is considered to be low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Doubleline Selective Credit 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 Selective Credit Fund had a return of 0.22% year-to-date (YTD) and 4.84% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.22% | 5.21% |
| 1 month | -0.96% | -4.30% |
| 6 months | 5.18% | 18.42% |
| 1 year | 4.84% | 21.82% |
| 5 years (annualized) | 1.78% | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.56% | -0.06% | 1.09% | -1.50% | ||||||||
| 2023 | -0.81% | 2.26% | 3.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DBSCX is 76, placing it in the top 24% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Doubleline Selective Credit Fund(DBSCX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Doubleline Selective Credit Fund (DBSCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Doubleline Selective Credit Fund granted a 6.40% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.50 | $0.48 | $0.39 | $0.39 | $0.53 | $0.65 | $0.82 | $0.89 | $0.91 | $0.24 |
Dividend yield | 6.40% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% | 2.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Doubleline Selective Credit 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 | $0.04 | $0.05 | $0.04 | $0.00 | ||||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.06 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2017 | $0.08 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 |
| 2016 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |
| 2014 | $0.02 | $0.06 | $0.04 | $0.05 | $0.07 |
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 Selective Credit 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 Selective Credit Fund was 14.12%, occurring on Mar 25, 2020. Recovery took 184 trading sessions.
The current Doubleline Selective Credit Fund drawdown is 1.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.12% | Mar 6, 2020 | 14 | Mar 25, 2020 | 184 | Dec 15, 2020 | 198 |
| -9.52% | Dec 21, 2021 | 222 | Nov 7, 2022 | 308 | Jan 31, 2024 | 530 |
| -2.03% | Mar 28, 2024 | 23 | Apr 30, 2024 | — | — | — |
| -1.09% | Nov 27, 2015 | 63 | Feb 29, 2016 | 51 | May 11, 2016 | 114 |
| -1.08% | Feb 2, 2024 | 8 | Feb 13, 2024 | 15 | Mar 6, 2024 | 23 |
Volatility
Volatility Chart
The current Doubleline Selective Credit Fund volatility is 1.13%, 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.