Income Fund – Statistics
Portfolio Composition – As of August 31, 2021
Statistics
| # of Issues | 148 |
| Ending Market Value | $136,718,379 |
| Average Market Price | $118.05 |
| Duration | 0.06 |
| Weighted Average Life | 4.73 |
Sector Breakdown
| Cash | 7.45% |
| U.S. Government | 3.07% |
| MBS | 41.48% |
| Non-Agency Residential MBS | 28.83% |
| Agency Residential MBS | 12.65% |
| CMBS | 21.91% |
| Collateralized Loan Obligations | 16.54% |
| Asset-Backed Securities | 8.79% |
| Investment Grade Corporates | 0.76% |
| Total | 100.00% |
Figures shown represent the net assets invested in a particular asset class as a percentage of total net assets.
SEC Yields
| I-share | N-share | |
| Gross SEC 30-Day Yield | 5.40% | 5.15% |
| Net SEC 30-Day Yield | 5.43% | 5.18% |
Click here for a PDF version of the latest All Funds Performance Summary.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. The performance information shown assumes the reinvestment of all dividends and distributions.
Portfolio Characteristics – As of August 31, 2021
Weighted Average Life Breakdown
| (Percent of Portfolio) | ||
| Cash | 7.45% | |
| 0 to 3 years | 20.48% | |
| 3 to 5 years | 36.32% | |
| 5 to 10 years | 30.65% | |
| 10+ years | 5.10% | |
| Total | 100.00% | |
Current Quality Credit Distribution*
| Cash | 7.45% |
| Government | 3.07% |
| Agency | 13.30% |
| Investment Grade | 21.08% |
| Below Investment Grade | 36.55% |
| Unrated Securities | 18.55% |
| Total | 100.00% |
*Credit Distribution is determined from the highest available credit rating from any Nationally Recognized Statistical Rating Agency (NRSRO”, generally S&P, Moody’s, or Fitch) and is subject to change. DoubleLine chooses to display credit ratings using S&P’s rating convention, although the rating itself might be sourced from another NRSRO. The firm evaluates a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. The ratings apply to the credit worthiness of the issuers of the underlying securities and not to the fund itself. Ratings are expressed as letters ranging from ‘AAA’, which is the highest grade, to ‘D’, which is the lowest grade. In limited situations when the rating agency has not issued a formal rating, the rating agency will classify the security as unrated.
Duration Breakdown
| (Percent of Portfolio) | ||
| Cash | 7.45% | |
| Less than 0 | 28.51% | |
| 0 to 3 years | 39.82% | |
| 3 to 5 years | 15.72% | |
| 5 to 10 years | 5.90% | |
| 10+ years | 2.60% | |
| Total | 100.00% | |
Sector Allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Portfolio holdings generally are made available fifteen days after month end by calling 877 DLine 11 The source for the information in this report is DoubleLine Capital, which maintains its data on a trade date basis.
Past performance does not guarantee future results Mutual fund investing involves risk Principal loss is possible.
Investments in debt securities typically decrease in value when interest rates rise This risk is usually greater for longer term debt securities Investments in lower rated and non rated securities present a greater risk of loss to principal and interest than higher rated securities Investments in ABS and MBS include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the Fund to be more volatile than if leverage was not used Derivatives involve special risks including correlation, counterparty, liquidity, operational, accounting and tax risks These risks, in certain cases, may be greater than the risks presented by more traditional investments Diversification does not assure a profit, nor does it protect against a loss in a declining market.
