- What does DFLEX invest in?
- The fund strives to achieve its financial objectives by actively reallocating investments across a diverse range of fixed income market segments. Its portfolio may incorporate a wide array of debt instruments, including, for instance, U.S. government obligations, corporate bonds, mortgage-backed and other asset-backed securities, international debt (including those from emerging markets), loans, and high-yield debt. The fund maintains the flexibility to invest in securities of any credit quality. Furthermore, it has no restrictions on the proportion of its assets invested in debt rated below investment grade or in unrated securities that the Adviser deems to be of comparable risk.
- What is the expense ratio of DFLEX?
- DoubleLine Flexible Income Fund Class I (DFLEX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.
- What is DFLEX's dividend yield?
- DFLEX's trailing-twelve-month yield is 5.51%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of DFLEX?
- Effective duration measures DFLEX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DFLEX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of DFLEX?
- DFLEX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of DFLEX?
- Yield to maturity (YTM) is the total return you'd earn from DFLEX if every bond in the portfolio is held to maturity at the current price. DFLEX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
