DoubleLine Total Return Bond Fund Class N
DLTNX
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. Gundlach
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 2002 N. Tampa St., Tampa FL United States of America 33602
- IPO Date
- Apr 6, 2010
- CIK
- 0001480207
- Website
- doubleline.com
- Similar Companies
- Business
- DoubleLine Total Return Bond Fund Class N (DLTNX) is an open-end mutual fund managed by DoubleLine Capital LP that seeks to maximize total return through investment primarily in debt securities, with a focus on structured fixed income products including government-backed Agency mortgage-backed securities (MBS), U.S. Treasuries, and structured products credit; the fund actively manages interest rate and credit risks across various economic environments and employs derivatives such as futures, swaps, options, and structured notes for hedging, duration adjustment, or indirect exposure to indexes, securities, currencies, or other indicators. Its portfolio features significant allocations to U.S. bonds (approximately 145%), non-U.S. bonds (around 4%), sectors like government-related (61%), agency MBS (51%), asset-backed securities (25%), non-agency residential MBS (10%), and commercial MBS (7%), with top holdings including Treasury note and bond futures; the fund targets institutional and retail investors in the intermediate core-plus bond category, with total net assets of about $29.7 billion for the fund and $3.95 billion for the Class N shares, a net expense ratio of 0.75%, and a minimum initial investment of $2,000. Available primarily in the United States, the fund is domiciled there and priced daily. Launched on April 6, 2010, and managed by Jeffrey Gundlach (since inception), Andrew Hsu (since July 2019), and Ken Shinoda (since July 2020), DoubleLine Total Return Bond Fund Class N operates under DoubleLine Capital LP, founded in December 2009 and headquartered at 2002 N. Tampa Street, Tampa, Florida, following the firm's relocation of its primary operations to Tampa in early 2022 while maintaining a Los Angeles office. DoubleLine Capital LP, an employee-owned alternative investment manager with approximately $90-93 billion in assets under management as of early 2025, oversees the fund as part of its broader fixed income strategies. Recent developments include DoubleLine Capital LP's internal reorganization, completed by late 2024, under which DoubleLine became a subsidiary of DoubleLine Management LP (its former sister company, previously known as DoubleLine GP Holdings LP), alongside updates to its Form ADV reflecting $93 billion in AUM as of December 2023 and expanded risk disclosures such as artificial intelligence and asset allocation risks. The firm continues to emphasize active risk management amid market volatility, with CEO Jeffrey Gundlach highlighting concerns over U.S. debt sustainability, potential Treasury yield rises to 6%, and shifts toward non-dollar assets and gold in 2025 commentary. No major acquisitions, funding rounds, or new product launches specific to DLTNX were reported in the last 1-2 years, though the fund maintained strong positioning with a 30-day SEC yield of 6.0% at recent quarter-end and ongoing portfolio adjustments to Treasury supply pressures.