American Beacon DoubleLine Sel Inc Inv
BILTX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Newport Beach CA United States of America 92660
- IPO Date
- Apr 1, 2016
- CIK
- 0001480207
- Website
- pimco.com
- Similar Companies
- Business
- DoubleLine Infrastructure Income Fund - Class N (BILTX) is a mutual fund managed by DoubleLine Capital LP that seeks long-term total return while striving to generate current income through investments in infrastructure-related debt. The Fund employs a value-oriented, research-driven process combining bottom-up security selection with macroeconomic views, focusing on infrastructure bonds and asset-backed securities that finance essential projects and assets such as airports, toll roads, renewable energy facilities, aircraft, rolling stock, and telecom towers; its portfolio includes investment-grade corporate bonds (43%), asset-backed securities (48%), emerging markets debt (4%), and government securities (1%), with key sectors encompassing data infrastructure, midstream energy, electric utilities, aircraft, residential solar, wireless communications, and commercial solar. Class N shares carry a gross expense ratio of 0.85% and a minimum initial investment of $2,000 ($500 for IRAs/HSAs), while the institutional Class I (BILDX) counterpart has a 0.60% expense ratio and $100,000 minimum. Launched on April 1, 2016, and headquartered at DoubleLine Capital LP's principal offices in Los Angeles, California (with the firm relocating its main headquarters to Tampa, Florida, in 2022), the Fund targets institutional and retail investors seeking yield from the nascent infrastructure debt asset class, which features lower historical default rates and higher recovery rates than traditional corporates due to reduced bank lending. The portfolio maintains 92 holdings, an average price of $99.40, effective duration of 4.89 years, and weighted average life of 7.43 years as of September 30, 2025, with a SEC 30-day yield of 4.50% (net) and year-to-date returns of 6.51%. Geographic exposure is primarily U.S.-focused (90%), with allocations to the United Arab Emirates, Chile, Peru, Mexico, Ireland, and China. As of September 2025, Fund assets stand at $352.5 million, reflecting steady growth amid favorable infrastructure debt dynamics, with no major acquisitions, funding rounds, partnerships, or product launches reported for the Fund itself in 2024-2025; DoubleLine Capital continues to expand its broader fixed income strategies, including opportunistic credit and securitized income offerings, while CEO Jeffrey Gundlach has publicly forecasted limited Federal Reserve rate cuts (one base case, two maximum) in 2025 based on labor and inflation data. Top holdings include T 4.3% 12/15/42 (2.71%), SO 5.5% 03/15/29 (2.70%), GSKY 2025-1A D (2.61%), and ES 5.125% 05/15/33 (2.45%), comprising 24% of assets, with credit quality skewed toward BBB-rated (60%) and A-rated (26%) securities.