DoubleLine Core Plus Bond Fund  (ADZIX)

Z
Advisors: 800.368.4410
Investors: 800.548.4539

Fund Overview

Fund Overview

Share Class

Z

Morningstar | Style Box

L M E H M L

NAV | as of 03/21/2019

$10.47
+$0.01 (+0.10%)

Quarterly Performance (%) |
vs. Benchmark as of 12/31/2018

Fund Inception 09/29/2017

YTD 1YR 3YR 5YR 10YR INCEP.
ADZIX -0.24 -0.24 - - - 0.17
Bloomberg Barclays U.S. Aggregate Bond Index 0.01 0.01 2.06 2.52 3.48 0.32
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: 0.71%
  • Net Expense Ratio: 0.64%
  • Expense Cap Expiration Date: 03/01/2020

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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Luz M. Padilla

Portfolio Manager

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Robert Cohen, CFA

Portfolio Manager

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Performance

Performance

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Returns & Distributions

As of 12/31/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Feb 26, 2019 $0.027000 $0.027000 — —
      Jan 29, 2019 $0.029500 $0.029500 — —
      Dec 27, 2018 $0.043700 $0.043700 — —
      Nov 28, 2018 $0.035000 $0.035000 — —
      Oct 29, 2018 $0.028500 $0.028500 — —
      Sep 26, 2018 $0.035000 $0.035000 — —
      Aug 29, 2018 $0.035700 $0.035700 — —
      Jul 27, 2018 $0.035000 $0.035000 — —
      Jun 27, 2018 $0.027500 $0.027500 — —
      May 29, 2018 $0.027500 $0.027500 — —
      Apr 26, 2018 $0.026200 $0.026200 — —
      Mar 27, 2018 $0.027000 $0.027000 — —
      Feb 26, 2018 $0.025500 $0.025500 — —
      Jan 29, 2018 $0.025000 $0.025000 — —
      Dec 27, 2017 $0.024400 $0.024400 — —
      Nov 27, 2017 $0.027000 $0.027000 — —
      Oct 26, 2017 $0.027500 $0.027500 — —

Sector Allocation (Fixed)

As of: 12/31/2018

View Allocation Details

Top Holdings (Fixed)

As of: 12/31/2018

DoubleLine Global Bond Fund 3.46%
Fannie Mae Pool BC0281 Fixed 1.39%
United States Treasury Note/Bond Fixed 1.13%
Fannie Mae REMICS Fixed 1.07%
United States Treasury Note/Bond Fixed 1.03%
Lehman XS Trust Series 2007-12N Floating 0.95%
United States Treasury Note/Bond Fixed 0.94%
United States Treasury Note/Bond Fixed 0.94%
Fannie Mae REMICS Fixed 0.94%
United States Treasury Note/Bond Fixed 0.93%
% in Top 10 Holdings 12.78%
View Holding Details Read Important Investment Disclosures

Characteristics & Stats

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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

$120.6B

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Fund Detail Read Important Investment Disclosures

Discover how AMG Funds brings more than 100 products from over 30 independent boutiques together under one flag.

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Morningstar Ratings


Risk-adjusted returns as of 02/28/2019

Overall Rating    (of 879)
3 Years —
5 Years —
10 Years —
Category Intermediate-Term Bond

Read Important Investment Disclosures

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