DoubleLine Core Plus Bond Fund  (ADLIX)

I
Advisors: 800.368.4410
Investors: 800.548.4539

Fund Overview

Fund Overview

Share Class

I

Morningstar | Style Box

L M E H M L

NAV | as of 09/18/2018

$10.32
-$0.02 (-0.19%)

Overall Morningstar Rating



Rated against 901 Intermediate-Term Bond funds as of 08/31/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2018

Fund Inception 07/18/2011

YTD 1YR 3YR 5YR 10YR INCEP.
ADLIX -1.08 0.48 2.34 3.25 - 4.30
Bloomberg Barclays U.S. Aggregate Bond Index -1.62 -0.40 1.72 2.27 3.72 2.44
View Monthly & Quarterly Performance Details

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses.

Expense Ratios

  • Gross Expense Ratio: 0.78%
  • Net Expense Ratio: 0.70%
  • Expense Cap Expiration Date: 03/01/2019

Read Important Investment Disclosures

Objective

The Fund seeks to maximize total return.

Why Consider

  • May serve as a one stop shop for investors seeking a fully diversified fixed income portfolio that extends beyond core bond sectors including emerging markets and high yield
  • Employs a team based approach for top-down sector allocation which incorporates sector fundamentals, relative valuations and interest rate scenario analysis
  • Selects securities based on a bottom-up fundamental analysis conducted by specialized teams with deep experience in their respective sectors

Documents

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Fund Managers

Jeffrey E. Gundlach

Chief Executive Officer

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Philip A. Barach

President and Portfolio Manager

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Robert Cohen, CFA

Portfolio Manager

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Luz M. Padilla

Portfolio Manager

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Performance

Performance

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Returns & Distributions

As of 06/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Aug 29, 2018 $0.035000 $0.035000 — —
      Jul 27, 2018 $0.034300 $0.034300 — —
      Jun 27, 2018 $0.026900 $0.026900 — —
      May 29, 2018 $0.026800 $0.026800 — —
      Apr 26, 2018 $0.025500 $0.025500 — —
      Mar 27, 2018 $0.026300 $0.026300 — —
      Feb 26, 2018 $0.024900 $0.024900 — —
      Jan 29, 2018 $0.024300 $0.024300 — —
      Dec 27, 2017 $0.023700 $0.023700 — —
      Nov 27, 2017 $0.026300 $0.026300 — —
      Oct 26, 2017 $0.026900 $0.026900 — —
      Sep 26, 2017 $0.026900 $0.026900 — —
      Aug 28, 2017 $0.029400 $0.029400 — —
      Jul 26, 2017 $0.024400 $0.024400 — —
      Jun 27, 2017 $0.034600 $0.034600 — —
      May 25, 2017 $0.034300 $0.034300 — —
      Apr 25, 2017 $0.034300 $0.034300 — —
      Mar 28, 2017 $0.029300 $0.029300 — —
      Feb 23, 2017 $0.026700 $0.026700 — —
      Jan 26, 2017 $0.027300 $0.027300 — —
      Dec 27, 2016 $0.075800 $0.055000 $0.020800 —
      Nov 25, 2016 $0.027300 $0.027300 — —
      Oct 26, 2016 $0.027600 $0.027600 — —
      Sep 30, 2016 $0.028200 $0.028200 — —
      Aug 31, 2016 $0.031200 $0.031200 — —
      Jul 29, 2016 $0.027100 $0.027100 — —
      Jun 30, 2016 $0.028600 $0.028600 — —
      May 31, 2016 $0.028900 $0.028900 — —
      Apr 29, 2016 $0.025600 $0.025600 — —
      Mar 31, 2016 $0.028400 $0.028400 — —
      Feb 29, 2016 $0.025400 $0.025400 — —
      Jan 29, 2016 $0.020500 $0.020500 — —
      Dec 30, 2015 $0.034200 $0.034200 — —
      Nov 30, 2015 $0.033100 $0.033100 — —
      Oct 30, 2015 $0.028900 $0.028900 — —
      Sep 30, 2015 $0.030200 $0.030200 — —
      Aug 31, 2015 $0.034000 $0.034000 — —
      Jul 31, 2015 $0.035400 $0.035400 — —
      Jun 30, 2015 $0.038000 $0.038000 — —
      May 29, 2015 $0.033200 $0.033200 — —
      Apr 30, 2015 $0.034300 $0.034300 — —
      Mar 31, 2015 $0.033100 $0.033100 — —
      Feb 27, 2015 $0.035200 $0.035200 — —
      Jan 30, 2015 $0.034500 $0.034500 — —
      Dec 30, 2014 $0.036000 $0.036000 — —
      Nov 28, 2014 $0.025700 $0.025700 — —
      Oct 31, 2014 $0.027000 $0.027000 — —
      Sep 30, 2014 $0.038000 $0.038000 — —
      Aug 29, 2014 $0.032600 $0.032600 — —
      Jul 31, 2014 $0.039800 $0.039800 — —
      Jun 30, 2014 $0.042100 $0.042100 — —
      May 30, 2014 $0.037700 $0.037700 — —
      Apr 30, 2014 $0.039700 $0.039700 — —
      Mar 31, 2014 $0.039400 $0.039400 — —
      Feb 28, 2014 $0.033200 $0.033200 — —
      Jan 31, 2014 $0.037600 $0.037600 — —
      Dec 30, 2013 $0.039400 $0.039400 — —
      Nov 29, 2013 $0.032900 $0.032900 — —
      Oct 31, 2013 $0.035300 $0.035300 — —
      Sep 30, 2013 $0.037500 $0.037500 — —
      Aug 30, 2013 $0.033200 $0.033200 — —
      Jul 31, 2013 $0.035900 $0.035900 — —
      Jun 28, 2013 $0.028300 $0.028300 — —
      May 31, 2013 $0.031000 $0.031000 — —
      Apr 30, 2013 $0.033300 $0.033300 — —
      Mar 28, 2013 $0.027300 $0.027300 — —
      Feb 28, 2013 $0.028200 $0.028200 — —
      Jan 31, 2013 $0.027300 $0.027300 — —
      Dec 28, 2012 $0.090200 $0.030100 $0.058800 $0.001300
      Nov 30, 2012 $0.039200 $0.039200 — —
      Oct 31, 2012 $0.034300 $0.034300 — —
      Sep 28, 2012 $0.028000 $0.028000 — —
      Aug 31, 2012 $0.030500 $0.030500 — —
      Jul 31, 2012 $0.028200 $0.028200 — —
      Jun 29, 2012 $0.026900 $0.026900 — —
      May 31, 2012 $0.033700 $0.033700 — —
      Apr 30, 2012 $0.034300 $0.034300 — —
      Mar 30, 2012 $0.029800 $0.029800 — —
      Feb 29, 2012 $0.030600 $0.030600 — —
      Jan 31, 2012 $0.031800 $0.031800 — —
      Dec 29, 2011 $0.068000 $0.052700 $0.015300 —
      Nov 30, 2011 $0.040900 $0.040900 — —
      Oct 31, 2011 $0.038300 $0.038300 — —
      Sep 30, 2011 $0.029800 $0.029800 — —
      Aug 31, 2011 $0.024600 $0.024600 — —
      Jul 29, 2011 $0.005000 $0.005000 — —

Growth of $10,000 (Hypothetical)

Since Inception 07/18/2011 to 08/31/2018 = $13,469.56

From:
To:
  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Fixed)

As of: 06/30/2018

DoubleLine Global Bond Fund 2.82%
Fannie Mae Pool BC0281 Fixed 1.33%
United States Treasury Note/Bond Fixed 1.21%
United States Treasury Note/Bond Fixed 1.19%
United States Treasury Inflation Indexed Bonds Fixed 1.19%
United States Treasury Note/Bond Fixed 1.17%
United States Treasury Note/Bond Fixed 1.06%
United States Treasury Note/Bond Fixed 1.01%
United States Treasury Note/Bond Fixed 0.97%
United States Treasury Note/Bond Fixed 0.97%
% in Top 10 Holdings 12.92%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 08/31/2018

View All Characteristics & Stats

Sector Allocation (Fixed)

As of: 06/30/2018

View Allocation Details

Investment Approach

Investment Approach

DoubleLine Core Plus Bond Fund

DoubleLine believes investors should be compensated for any incremental increase in risk. The Fund's investment approach combines a top-down sector allocation with bottom-up security selection. Sector allocation is based on input from all senior portfolio managers from each asset class. Security selection is driven by bottom-up credit analysis with support from scenario analysis for various market environments.

Additional Fund Highlight

Fully diversified, offering exposure to non-core bond areas such as emerging markets, municipals and high yield.


DoubleLine Core Plus Bond Fund: Actively Pursuing Outperformance

Jeffrey E. Gundlach | DoubleLine Capital

Jeffrey Gundlach, CEO of DoubleLine discusses the AMG DoubleLine Core Plus Bond Fund's investment strategy, risk management process and how this Fund is designed to seek outperformance.
Watch Video More About DoubleLine Capital

Is Your Fixed Income Fund Leaving Money on the Table?

DoubleLine Capital

Many investors are unaware that in fixed income markets, active managers have a track record of outperformance.
Read Full Perspective More About DoubleLine Capital

DoubleLine Monthly Market Commentary

DoubleLine Capital

DoubleLine’s monthly market commentary provides for insights on the fixed income market, including an overview of the U.S. economy, outlook for major fixed income sectors and attractive opportunities within market.
Read Full Perspective More About DoubleLine Capital

About

About DoubleLine Capital

Background

DoubleLine Capital blends active management of asset class exposure with bottom-up security selection to construct portfolios with efficient risk-adjusted returns.

Learn More

Founded

2009

Headquarters

Los Angeles, CA

AUM

$120.2B

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Risk-adjusted returns as of 08/31/2018

Overall Rating    (of 901)
3 Years    (of  901)
5 Years    (of  793)
10 Years —
Category Intermediate-Term Bond

Read Important Investment Disclosures

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