DoubleLine Core Fixed Income Fund
DLFNX
NASDAQ- -
USD
- -
- -
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jeffrey E. GundlachBiography
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Philadelphia PA United States of America 19106-2354
- IPO Date
- Jun 1, 2010
- CIK
- 0001480207
- Website
- macquarieim.com
- Similar Companies
- Business
- DoubleLine Core Fixed Income Fund Class N (DLFNX) is an open-end mutual fund managed by DoubleLine Capital LP that seeks to maximize current income and total return through active investment in a diversified portfolio of fixed income securities. The fund allocates roughly half of its assets to government-backed securities, including U.S. Treasuries, Agency mortgage-backed securities (MBS), Agency commercial MBS (CMBS), and global developed sovereigns; the other half targets credit sectors such as investment grade (IG) corporates, non-Agency residential MBS (RMBS), non-agency CMBS, collateralized loan obligations (CLOs), infrastructure debt, high yield (HY) corporates, emerging markets (EM) debt, asset-backed securities (ABS), and bank loans. As of October 2025, key sector exposures include government (20.39%), Agency RMBS (20.32%), IG corporates (14.68%), non-Agency RMBS (10.31%), and smaller positions in non-Agency CMBS (4.92%), infrastructure (3.68%), EM (3.46%), HY corporates (3.27%), ABS (3.05%), CLOs (2.78%), Agency CMBS (2.38%), and bank loans (2.28%). Launched on June 1, 2010, and domiciled in the United States, the fund is available to retail investors with a minimum initial investment of $2,000 (or $500 for IRAs), featuring a net expense ratio of 0.75% and share classes including Class N (DLFNX), Class I (DBLFX), and Class R6 (DDCFX). DoubleLine Capital LP, the fund's investment adviser, was founded in 2009 by CEO-CIO Jeffrey Gundlach and is headquartered in Tampa, Florida, with an additional office in Los Angeles, California; the firm manages approximately $95 billion in assets across various fixed income strategies. Portfolio management is led by Jeffrey Gundlach (since inception) and Jeffrey Sherman, CFA (since 2016), employing a top-down asset allocation process via the DoubleLine Fixed Income Asset Allocation Committee, benchmarked against the Bloomberg U.S. Aggregate Bond Index in the Morningstar Intermediate Core-Plus Bond category. In recent developments, the fund maintained a duration of 5.54 years and a weighted average life of 6.27 years as of October 2025, with an average dollar price of 90.88 cents indicating potential for price appreciation alongside a 30-day SEC yield of 4.42% (net). DoubleLine Capital relocated its primary headquarters to Tampa, Florida, in early 2022 while retaining a Los Angeles office, and in June 2025 commenced sub-advisory management for the American Beacon funds following a board-approved appointment. The firm launched the DoubleLine Asset-Backed Securities ETF (DABS) on NYSE Arca in 2025, expanding its securitized product offerings, amid ongoing portfolio adjustments such as increased EM local currency exposure to 1.90% and reduced government holdings in Q3 2025. Total net assets stood at approximately $6.7 billion, with the fund distributed by Quasar Distributors, LLC, primarily targeting U.S. investors seeking intermediate-term core-plus bond exposure.