DoubleLine Low Duration Bond Fund Class N (DLSNX)

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DoubleLine Low Duration Bond Fund Class N (DLSNX) is up 1.1% since the beginning of the year. DLSNX is currently trading at $10 per share. Investors who bought $1,000 worth of DLSNX shares 5 years ago would now be looking at an investment worth $1,155.

DoubleLine Low Duration Bond Fund Class N (DLSNX) has returned 1.07% so far this year and 3.93% over the past 12 months. Over the last ten years, DLSNX has returned 2.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 6, 2011, DLSNX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 80% of months were positive and 20% were negative. The best month was May 2020 with a return of +1.8%, while the worst month was Mar 2020 at -5.1%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 6 months.

On a daily basis, DLSNX closed higher 23% of trading days. The best single day was Mar 27, 2020 with a return of +0.9%, while the worst single day was Mar 20, 2020 at -2.3%.

DoubleLine Low Duration Bond Fund Class N has an annualized alpha of 2.32%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 06, 2011.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (8.40%) than losses (2.32%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DLSNX has an expense ratio of 0.70%, placing it in the medium range.

DLSNX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

DoubleLine Low Duration Bond Fund Class N provided a 4.30% dividend yield over the last twelve months, with an annual payout of $0.41 per share.

The table displays the monthly dividend distributions for DoubleLine Low Duration Bond Fund Class N. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the DoubleLine Low Duration Bond Fund Class N. 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 Class N was 7.46%, occurring on Mar 25, 2020. Recovery took 118 trading sessions.

The current DoubleLine Low Duration Bond Fund Class N drawdown is 0.10%.

The chart below shows the rolling one-month volatility.