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ASTON/DoubleLine Core Plus Fixed Income Fund

 NI
CUSIP 00080Y56100080Y553
Ticker ADBLXADLIX
Share Class Inception 7/18/20117/18/2011
Gross Exp Ratio (%) 1.100.85
Net Exp Ratio (%) 0.940.69
30 Day Yield (03/31/15) 3.40 3.66
NAV10.9510.94
NAV Change (%) 0.00 0.09
Dividend Frequency Monthly
Benchmark Barclays U.S. Aggregate Bond
Morningstar Category Intermediate-Term Bond

Overall Morningstar Rating

ASTON/DoubleLine Core Plus Fixed Income  Shares received a Morningstar rating.

Among 905 Intermediate-Term Bond funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 3/31/15.

Portfolio Managers

Jeffrey  Gundlach
Jeffrey Gundlach

Jeffrey Gundlach

Jeffrey  Gundlach

Mr. Gundlach is the founder, Chief Executive Officer, and Chief Investment Officer of DoubleLine Capital LP, and has been the Lead Portfolio Manager of the Fund since its July 2011 inception. He is recognized as a leading expert in mortgage-backed securities and investment asset allocation, with his investment strategies having been featured in leading publications including The New York Times, The Financial Times, The Wall Street Journal, USA Today, Barron’s, Forbes, Fortune, Pensions & Investments, and Institutional Investor. In 2011, Mr. Gundlach was featured as “The King of Bonds” in Barron’s, named one of “5 Mutual Fund All-Stars” by Fortune Magazine, and awarded “Bond Manager of the Year” by Foundations and Endowments Money Management. For the five-year period prior to the founding of DoubleLine, he was Chief Investment Officer and Group Managing Director for Trust Company of the West (TCW). He was also President and Chief Investment Officer for TCW Asset Management Company. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.

Philip  Barach
Philip Barach

Philip Barach

Philip  Barach

Mr. Barach is Co-Founder and President of DoubleLine Capital LP, and has served as a Portfolio Manager of the Fund overseeing the implementation of the overall strategy since its July 2011 inception. Prior to DoubleLine, Mr. Barach was Group Managing Director at Trust Company of the West (TCW), where he partnered with Mr. Gundlach to manage more than $70 billion in fixed income assets. He attended the Hebrew University of Jerusalem, where he received a BA in International Relations and an MBA in Finance.

Bonnie Baha, CFA, CIC
Bonnie Baha, CFA, CIC

Bonnie Baha, CFA, CIC

Bonnie Baha, CFA, CIC

Ms. Baha is a portfolio manager of DoubleLine Capital LP, and has been a Portfolio Manager of the Fund since its July 2011 inception. She manages the global developed credit portion of the portfolio. Prior to joining the firm, she was a Managing Director at Trust Company of the West (TCW). She holds a BA in Political Science from the University of California at Irvine, received her MBA from the University of Southern California, and holds the Chartered Financial Analyst designation.

Luz Padilla
Luz Padilla

Luz Padilla

Luz Padilla

Ms. Padilla is a portfolio manager of DoubleLine Capital LP, and has been a Portfolio Manager of the Fund since its July 2011 inception. She manages the emerging markets fixed income portion of the portfolio. Prior to joining the firm, she was a Managing Director at Trust Company of the West (TCW). She holds a BA in Economics from Stanford University and an MBA from the University of California at Berkeley.

Investment Strategy As of 3/31/2015 the average price of the Fund's portfolio was $102.60

The ASTON/DoubleLine Core Plus Fixed Income Fund to maximize total return and control risk through security selection and by actively managing sector allocations.

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Objective

The Fund seeks to maximize total return.

Risk Considerations

Bond funds are subject to interest-rate and credit risk similar to individual bonds. As interest-rates rise or credit quality suffers, an investor is susceptible to loss of principal. 

Fund Stats (as of 3/31/15) N SharesI Shares
Origin Of Information N/AN/A
Sales Load NoneNone
Total Net Assets (4/27/15)$116,593,629.74$248,861,381.94
Turnover 117%117%
Minimum Investment N/AN/A
Alpha (3 yr.) N/AN/A
Beta (3 yr.) N/AN/A
R-Squared (3 yr.) N/AN/A
Standard Dev (3 yr.) N/AN/A
Sharpe Ratio (3 yr.) N/AN/A
Current Wtd Average P/E (trailing) N/AN/A
Current Wtd Average P/B (trailing) N/AN/A
Median Mkt Cap ($Mil) N/AN/A
Average Wtd Coupon 4.604.60
Effective Maturity 6.736.73
Sector Breakdown (as of 3/31/15)
Mortgage-backed Securities
22.09%
Corporate Bonds
16.07%
Emerging Markets
15.11%
U.s. Government Obligations
13.24%
Commercial Mortgage Backed Securities
11.85%
Cash Equivalents & Other
11.35%
Collateralized Loan Obligations
4.21%
Municipal Obligations
3.20%
Bank Loans
2.88%
Top 10 Holdings (as of 3/31/15)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
DOUBLELINE FLOATING RATE FUND DBFRX 258620848 963,812 $9,773,054.96 2.87%
FREDDIE MAC GOLD POOL 3132QMX22 6,985,954 $7,333,325.23 2.15%
UNITED STATES TREASURY NOTE/BOND 912828VN7 7,240,000 $7,243,395.56 2.13%
UNITED STATES TREASURY NOTE/BOND 912828C57 5,630,000 $5,845,522.03 1.72%
UNITED STATES TREASURY NOTE/BOND 912828A83 5,100,000 $5,336,670.60 1.57%
UNITED STATES TREASURY NOTE/BOND 912828VD9 5,150,000 $5,150,401.70 1.51%
UNITED STATES TREASURY NOTE/BOND 912828D72 4,920,000 $5,023,782.48 1.47%
FANNIE MAE REMICS 3136AB6E8 5,085,356 $5,014,810.19 1.47%
FANNIE MAE REMICS 3136ALML2 5,062,813 $4,749,855.50 1.39%
RALI SERIES 2006-QS7 TRUST 748940AB9 5,339,669 $4,640,130.17 1.36%
Past performance does not guarantee future results. Investment return and principal value of mutual funds will vary with market conditions, so that shares, when redeemed, may be worth more or less than their original cost.

As the fund is actively managed, the securities as presented may not represent the current or future composition of the portfolio.

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