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If you have been looking for Mutual Fund Bond funds, it would not be wise to start your search with DoubleLine Total Return Bond I (DBLTX - Free Report) . DBLTX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
DBLTX finds itself in the Double Line family, based out of Los Angeles, CA. The DoubleLine Total Return Bond I made its debut in April of 2010 and DBLTX has managed to accumulate roughly $43.06 billion in assets, as of the most recently available information. A team of investment professionals is the fund's current manager.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 2.82%, and is in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.07%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of DBLTX over the past three years is 3.46% compared to the category average of 11.61%. The fund's standard deviation over the past 5 years is 2.99% compared to the category average of 9.67%. This makes the fund less volatile than its peers over the past half-decade.
With a beta of 0.78, this fund is less volatile than a broad market index of fixed income securities. Taking this into account, DBLTX has a positive alpha of 0.26, which measures performance on a risk-adjusted basis.
Ratings
Investors should also consider a bond's rating, which is a grade ( 'AAA' to 'D' ) given to a bond that indicates its credit quality. With this letter scale in mind, DBLTX has 66.81% in high quality bonds rated at least 'AA' or higher. The fund has an average quality of AA, and focuses on high quality securities.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, DBLTX is a no load fund. It has an expense ratio of 0.49% compared to the category average of 0.79%. DBLTX is actually cheaper than its peers when you consider factors like cost.
Investors need to be aware that with this product, the minimum initial investment is $100,000; each subsequent investment needs to be at least $100.
Bottom Line
Overall, DoubleLine Total Return Bond I ( DBLTX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, better downside risk, and lower fees, DoubleLine Total Return Bond I ( DBLTX ) looks like a somewhat weak choice for investors right now.
Don't stop here for your research on Mutual Fund Bond funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare DBLTX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.
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Is DBLTX a Strong Bond Fund Right Now?
If you have been looking for Mutual Fund Bond funds, it would not be wise to start your search with DoubleLine Total Return Bond I (DBLTX - Free Report) . DBLTX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
DBLTX finds itself in the Double Line family, based out of Los Angeles, CA. The DoubleLine Total Return Bond I made its debut in April of 2010 and DBLTX has managed to accumulate roughly $43.06 billion in assets, as of the most recently available information. A team of investment professionals is the fund's current manager.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 2.82%, and is in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.07%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of DBLTX over the past three years is 3.46% compared to the category average of 11.61%. The fund's standard deviation over the past 5 years is 2.99% compared to the category average of 9.67%. This makes the fund less volatile than its peers over the past half-decade.
With a beta of 0.78, this fund is less volatile than a broad market index of fixed income securities. Taking this into account, DBLTX has a positive alpha of 0.26, which measures performance on a risk-adjusted basis.
Ratings
Investors should also consider a bond's rating, which is a grade ( 'AAA' to 'D' ) given to a bond that indicates its credit quality. With this letter scale in mind, DBLTX has 66.81% in high quality bonds rated at least 'AA' or higher. The fund has an average quality of AA, and focuses on high quality securities.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, DBLTX is a no load fund. It has an expense ratio of 0.49% compared to the category average of 0.79%. DBLTX is actually cheaper than its peers when you consider factors like cost.
Investors need to be aware that with this product, the minimum initial investment is $100,000; each subsequent investment needs to be at least $100.
Bottom Line
Overall, DoubleLine Total Return Bond I ( DBLTX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, better downside risk, and lower fees, DoubleLine Total Return Bond I ( DBLTX ) looks like a somewhat weak choice for investors right now.
Don't stop here for your research on Mutual Fund Bond funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare DBLTX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.