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Mutual Funds

DoubleLine Total Return Bond Fund

Symbol: DLTNX
Expense Ratio: 0.72%
877-354-6311

DoubleLine Total Return Bond is a bond fund and a member of the Kiplinger 25, the annual list of our favorite no-load funds.

Managers Jeffrey Gundlach and Philip Barach balance government-guaranteed mortgage-backed securities with non-agency mortgage-backed securities. The former carry virtually no credit risk but will fall in value as interest rates rise. The latter come with more credit risk but relatively little interest-rate risk. The fund’s average duration, a measure of interest-rate sensitivity, is 4.1 years, implying that if rates were to rise by one percentage point, the fund would lose roughly 4% of its value. The fund yields 3.4%.

Data through February 28, 2017

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See Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

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