DoubleLine Flexible Income Fund (DFLEX)
The fund seeks to achieve its investment objective by active asset allocation among market sectors in the fixed income universe. These sectors may include, for example, U.S. government securities, corporate debt securities, mortgage- and other asset-backed securities, foreign debt securities, including emerging market debt securities, loans, and high yield debt securities. It may invest in securities of any credit quality. The fund may invest without limit in securities rated below investment grade or unrated securities judged by the Adviser to be of comparable quality.
Fund Info
US2586207985
258620798
Apr 6, 2014
$100,000
Expense Ratio
DFLEX features an expense ratio of 0.74%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DoubleLine Flexible Income 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 Flexible Income Fund had a return of 1.02% year-to-date (YTD) and 8.55% in the last 12 months. Over the past 10 years, DoubleLine Flexible Income Fund had an annualized return of 3.25%, while the S&P 500 had an annualized return of 11.26%, indicating that DoubleLine Flexible Income Fund did not perform as well as the benchmark.
DFLEX
1.02%
0.68%
3.50%
8.55%
2.70%
3.25%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of DFLEX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.68% | 1.02% | |||||||||||
| 2024 | 1.11% | 0.40% | 1.05% | -0.09% | 1.10% | 0.76% | 1.00% | 0.84% | 0.96% | -0.07% | 0.72% | 0.56% | 8.64% |
| 2023 | 1.97% | -0.39% | 0.20% | 0.65% | -0.17% | 0.49% | 0.48% | 0.88% | 0.05% | -0.42% | 1.85% | 2.02% | 7.85% |
| 2022 | -0.87% | -0.99% | -1.17% | -1.22% | -1.41% | -1.90% | 1.18% | -0.30% | -3.11% | -1.11% | 1.55% | 0.60% | -8.48% |
| 2021 | 1.02% | 0.73% | -0.15% | 0.73% | 0.44% | 0.43% | 0.44% | 0.32% | -0.09% | -0.10% | -0.22% | 0.18% | 3.79% |
| 2020 | 1.04% | -0.14% | -13.34% | 2.41% | 4.30% | 2.85% | 1.65% | 1.29% | 0.54% | 0.03% | 1.93% | 1.52% | 2.92% |
| 2019 | 1.66% | 0.59% | 0.80% | 0.69% | 0.60% | 1.03% | 0.16% | 0.05% | 0.16% | 0.01% | 0.23% | 1.02% | 7.23% |
| 2018 | 0.21% | -0.11% | 0.12% | -0.10% | 0.26% | -0.02% | 0.47% | 0.15% | 0.38% | -0.23% | -0.30% | -0.72% | 0.11% |
| 2017 | 0.64% | 0.54% | 0.32% | 0.65% | 0.78% | 0.22% | 0.63% | 0.62% | 0.04% | 0.34% | 0.07% | 0.30% | 5.28% |
| 2016 | -0.68% | -0.41% | 1.66% | 1.16% | 0.20% | 0.84% | 1.35% | 0.51% | 0.50% | 0.18% | -0.50% | 0.58% | 5.50% |
| 2015 | 0.21% | 1.07% | 0.20% | 0.97% | 0.48% | -0.40% | 0.13% | -0.67% | -0.64% | 0.33% | -0.46% | -0.69% | 0.51% |
| 2014 | 0.16% | 1.00% | 0.54% | 0.06% | 0.70% | -0.44% | 0.55% | 0.29% | -0.53% | 2.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, DFLEX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DoubleLine Flexible Income Fund (DFLEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DoubleLine Flexible Income Fund provided a 5.95% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.53 | $0.51 | $0.40 | $0.37 | $0.38 | $0.43 | $0.42 | $0.38 | $0.37 | $0.42 | $0.27 |
Dividend yield | 5.95% | 6.05% | 5.96% | 4.73% | 3.86% | 3.95% | 4.47% | 4.47% | 3.83% | 3.77% | 4.32% | 2.74% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Flexible Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.53 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.06 | $0.51 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.40 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.43 |
| 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 | $0.42 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.38 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.42 |
| 2014 | $0.01 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.27 |
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 Flexible Income 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 Flexible Income Fund was 17.30%, occurring on Mar 25, 2020. Recovery took 174 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.3% | Feb 25, 2020 | 22 | Mar 25, 2020 | 174 | Dec 1, 2020 | 196 |
| -10.98% | Sep 16, 2021 | 277 | Oct 20, 2022 | 344 | Mar 6, 2024 | 621 |
| -3.78% | May 29, 2015 | 180 | Feb 12, 2016 | 80 | Jun 8, 2016 | 260 |
| -1.49% | Dec 1, 2014 | 12 | Dec 16, 2014 | 39 | Feb 12, 2015 | 51 |
| -1.46% | Oct 17, 2018 | 48 | Dec 26, 2018 | 19 | Jan 24, 2019 | 67 |
Volatility
Volatility Chart
The current DoubleLine Flexible Income Fund volatility is 0.35%, 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.