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Mutual Funds

DoubleLine Total Return Bond Fund

Symbol: DLTNX
Expense Ratio: 0.72%

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


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

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.