DoubleLine Floating Rate Fund - Class N

Frequently Asked Questions About DLFRX

What does DLFRX invest in?

This fund typically allocates at least 80% of its net assets, along with any borrowed funds for investment purposes, to floating rate loans and other variable-rate securities. The advisor anticipates that most, if not all, of these holdings will be rated below investment grade, or will be unrated yet possess comparable credit quality. Additionally, the fund maintains the option to invest in securities from financially challenged entities, including those undergoing bankruptcy, corporate restructuring, or other forms of significant financial difficulty.

What is the expense ratio of DLFRX?

DoubleLine Floating Rate Fund - Class N (DLFRX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DLFRX?

DoubleLine Floating Rate Fund - Class N (DLFRX) manages $103.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DLFRX actively managed or an index fund?

DLFRX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DLFRX launched?

DoubleLine Floating Rate Fund - Class N (DLFRX) launched in February 2013 and is managed by the fund issuer.

How has DLFRX performed?

DLFRX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.