DoubleLine Income Fund Class N
DBLNX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 2002 N. Tampa St., Tampa FL United States of America 33602
- IPO Date
- Sep 3, 2019
- CIK
- 0001480207
- Website
- doubleline.com
- Similar Companies
- Business
- DoubleLine Income Fund Class N (DBLNX) is a mutual fund managed by DoubleLine Capital LP that seeks to maximize total return through current income and capital appreciation by investing principally in structured product securities, including mortgage-backed securities, asset-backed securities, and collateralized loan obligations. The Fund offers Class N shares with a minimum initial investment of $2,000 and targets inefficiencies in bond market subsectors while maintaining active risk-management constraints; its portfolio includes agency residential mortgage-backed securities (RMBS), non-agency RMBS, commercial mortgage-backed securities (CMBS) backed by office, industrial, hospitality, retail, and multi-family real estate, CLOs comprising diversified U.S. floating-rate bank loans, asset-backed securities from secured and unsecured consumer loans and cash-flowing assets, and non-agency residential mortgage-related assets, with allocations diversified across the capital stack emphasizing intermediate tranches for yield. Launched on September 3, 2019, and headquartered in Tampa, Florida, the Fund operates primarily in U.S. fixed-income markets, serving retail and institutional investors seeking high current income with lower volatility relative to corporate bonds, complemented by DoubleLine's structured products teams' extensive underwriting and surveillance processes. Recent updates include updated fact sheets as of June 30, 2025, reflecting year-to-date returns of 3.22% for DBLNX shares and portfolio assets of $115.1 million, alongside a contractual fee waiver through August 1, 2025, reducing the net expense ratio to 0.92%; the Fund continues active management under portfolio managers Ken Shinoda, CFA, Andrew Hsu, CFA, and Morris Chen, with no major acquisitions, partnerships, or strategic shifts announced in 2024-2025. Sector allocations as of June 2025 emphasize non-agency RMBS (26.71%), non-agency CMBS (21.41%), agency RMBS (17.97%), and CLOs (16.03%), supported by ongoing asset surveillance, performance monitoring, and risk management through daily snapshots and quarterly reviews. DoubleLine Capital LP, the Fund's adviser founded in 2009, maintains offices in Tampa (headquarters), Los Angeles, Dubai, Tokyo, and London, leveraging over $48 billion in structured products assets under management as of June 2024.