Fund Evaluator:
DoubleLine Long Duration Total Ret Bd N (DLLDX)
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Best Performing in Long Government Over the Last Year
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| 3.3% | DoubleLine Long Duration Total Ret Bd N (DLLDX) |
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Fund Details
DoubleLine Long Duration Total Ret Bd N Overview
DoubleLine Long Duration Total Ret Bd N (DLLDX) is an actively managed Taxable Bond Long Government fund. DoubleLine launched the fund in 2014.
The investment seeks long-term total return. The fund seeks long-term total return comprised of capital growth and current income by investing principally in debt securities of any kind. The adviser expects to construct an investment portfolio for the fund with a dollar-weighted average effective duration of at least ten years. The advisor intends to invest primarily in fixed income and other income-producing instruments rated investment grade and unrated securities considered by the adviser to be of comparable credit quality. It may invest up to 25% of its total assets in obligations of governmental or private obligors in emerging market countries.
About DoubleLine Long Duration Total Ret Bd N (DLLDX)
There are 2 members of the management team with an average tenure of 11.55 years: Vitaliy Liberman (2014), Jeffrey Gundlach (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Govt/Credit Long TR USD index with a weighting of 100%. DoubleLine Long Duration Total Ret Bd N has 62 securities in its portfolio. The top 10 holdings constitute 122.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
DoubleLine Long Duration Total Ret Bd N is part of the Fixed Income global asset class and is within the Taxable Bond fund group. DoubleLine Long Duration Total Ret Bd N has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 102.6% (102.6% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DoubleLine Long Duration Total Ret Bd N has -2.6% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $1 billion average for the Long Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DLLDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DoubleLine Long Duration Total Ret Bd N expense ratio is above average compared to funds in the Long Government category. DoubleLine Long Duration Total Ret Bd N has an expense ratio of 0.76%, which is 39% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DoubleLine Long Duration Total Ret Bd N has a portfolio turnover rate of 74%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 121% for the Long Government category.
Recently, in the month of June 2026, DoubleLine Long Duration Total Ret Bd N returned 1.1%, which earned it a grade of B, as the Long Government category had an average return of 1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
DoubleLine Long Duration Total Ret Bd N has a trailing yield of 5.12%, which is above the 4.22% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DoubleLine Long Duration Total Ret Bd N Grades
Year to date, the fund has returned 0.8%, 0.4 percentage points better than the category, which translates into a grade of B. The fund has returned 3.3% over the past year (grade of B), 0.7% over the past three years (grade of B) and -5.5% per year over the past five years (grade of C) and -1.5% per year over the past 10 years (grade of D).
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DLLDX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DLLDX Return (NAV) | 1.1% | 0.8% | 3.3% | 0.7% | -5.5% | -1.5% |
| DLLDX Grade | B | C | B | B | C | D |
| +/- Category | 0.1% | 0.1% | 0.4% | 0.6% | -0.7% | -0.2% |
| Long Government Avg | 1.0% | 0.8% | 2.9% | 0.1% | -4.8% | -1.3% |
| DLLDX Tax Cost Ratio | na | na | 2.0% | 1.8% | 1.5% | 1.6% |
DLLDX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DLLDX Return (NAV) | 0.8% | 6.2% | -4.8% | 3.5% | -29.3% | -4.4% | 13.7% | 11.4% | -1.0% | 6.4% | 1.5% |
| DLLDX Grade | B | B | B | B | C | B | D | D | B | D | B |
| +/- Category | 0.4% | -0.1% | 1.2% | 0.4% | -4.0% | -0.3% | -1.0% | -1.1% | 0.6% | -1.1% | 0.2% |
| Long Government Avg | 0.4% | 6.3% | -6.0% | 3.2% | -25.3% | -4.1% | 14.7% | 12.5% | -1.7% | 7.5% | 1.3% |
| Risk Measures | |
| Standard Deviation: | 12.6% |
| Total Risk Index: | 1.04 - Average |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (24% Rank) |
| Beta: | 2.24 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 5.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $59 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 74% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.6 years | |||
| Average Tenure: 11.6 years | |||
| Managers (Year): Liberman Vitaliy (2014), Gundlach Jeffrey (2014) | |||
Portfolio Composition (as of 2/27/26)
| # of Holdings: | 62 |
| % in Top 10 Holdings: | 122.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 102.6% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -2.6% |
Purchase Information
| Fund Family: | DoubleLine |
| Phone Number: | 877-354-6311 |
| Website: | www.doublelinefunds.com |
| Status: | Open |
| Inception Date: | December 15, 2014 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.76% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.25% |
| Share Class: | DoubleLine Long Duration Total Ret Bd I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
