DoubleLine Core Fixed Income Fund
DoubleLine Funds Trust · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
DoubleLine Core Fixed Income Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The Funds investment objective is to seek to maximize current income and total return.
The fund invests at least 80% of assets in fixed income instruments across all credit qualities, including government and corporate bonds, mortgage- and asset-backed securities, bank loans, and emerging market debt, with up to one-third of assets in below-investment-grade securities and related derivatives. Portfolio managers employ active asset allocation and duration management, targeting an effective duration between two and eight years to manage interest rate sensitivity. The fund may use derivatives, leverage, and short positions to adjust exposures or hedge, and may invest in other investment companies including other DoubleLine funds.
| Share class | Gross | Net |
|---|---|---|
| DBLFX | 0.53% | 0.50% |
| DLFNX | 0.78% | 0.75% |
| DDCFX | 0.48% | 0.45% |
| DLFIX | 0.60% | 0.57% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 64.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 49.05% |
| Securitized | 46.97% |
| Loans | 2.53% |
| Cash & short-term | 1.62% |
| 2 smaller | 0.03% |
Look-through blends 4 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×4, FEDERAL HOME LOAN MORTGAGE CORP, DREYFUS GOVT CASH MGMT-I, NORTHERN INSTITUTIONAL FUNDS, Federal Home Loan Mortgage Corp.
Largest exited: First American Government Obli, JPMorgan US Government Money M, US TREASURY N/B ×2, Freddie Mac, Octagon Investment Partners 27, Trestles CLO LTD, WELLS FARGO & COMPANY
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.33% | +13.07% | +3.77% | 3.52% | -5.89% | |
| +4.08% | +12.26% | +2.49% | 3.53% | -6.03% | |
| +4.27% | +13.22% | +3.94% | 3.63% | -5.89% | |
| — | — | — | — | — |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 71.7% |
| Floating rate | 21.3% |
| Zero-coupon or unclassified | 7.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 7.5% |
| 1-3y | 7.2% |
| 3-5y | 13.9% |
| 5-10y | 17.3% |
| 10y+ | 53.7% |
| Unknown | 0.4% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 61% |
| Credit spreads | 39% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.19 yr |
| High yield | +0.63 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 1.11 yr | 19% |
| 5 yr | 2.79 yr | 48% |
| 10 yr | 1.78 yr | 30% |
| 30 yr | 0.17 yr | 3% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.25 yr | 6% |
| 5 yr | 1.92 yr | 50% |
| 10 yr | 1.32 yr | 35% |
| 30 yr | 0.32 yr | 8% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.01 | $1.3k | $5.0k |
| 1 yr | +1.11 | +0.19 | +0.06 | $129.5k | $40.4k |
| 5 yr | +2.79 | +1.57 | +0.35 | $1.09m | $239.5k |
| 10 yr | +1.78 | +1.12 | +0.20 | $773.9k | $136.5k |
| 30 yr | +0.17 | +0.31 | +0.02 | $212.0k | $11.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.00% · due 2026-09-10 | 5.74% | — | $397.13M | — |
| BILDX | AMERICAN BEACON FUNDSBILDX | 3.76% | $9.45 | $260.20M | 27.5M |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.88% · due 2030-11-15 | 3.32% | — | $229.85M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.13% · due 2040-08-15 | 3.22% | — | $222.63M | — |
| DBELX | DoubleLine Funds TrustDBELX | 2.88% | $9.58 | $199.27M | 20.8M |
| DBLGX | DoubleLine Funds TrustDBLGX | 2.31% | $8.66 | $159.88M | 18.5M |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.63% · due 2030-05-15 | 1.66% | — | $115.14M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.75% · due 2028-01-31 | 1.39% | — | $96.42M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.63% · due 2030-08-15 | 1.35% | — | $93.41M | — |
| — | FEDERAL HOME LOAN MORTGAGE CORP3.00% · due 2052-05-01 | 0.79% | — | $54.29M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 26.43% of net assets, top 25 33.69%, across 1.2K issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free