ASTON/DoubleLine Core Plus Fixed Income Fund
|Share Class Inception||7/18/2011||7/18/2011|
|Gross Exp Ratio (%)||1.10||0.85|
|Net Exp Ratio (%)||0.94||0.69|
|30 Day Yield (06/30/15)||3.41||3.66|
|NAV Change (%)||0.00||0.09|
|Benchmark||Barclays U.S. Aggregate Bond|
|Morningstar Category||Intermediate-Term Bond|
Overall Morningstar Rating™
Among 935 Intermediate-Term Bond funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 6/30/15.
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.
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
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.
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 6/30/2015 the average price of the Fund's portfolio was $101.20.
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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The Fund seeks to maximize total return.
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 6/30/15)||N Shares||I Shares|
|Origin Of Information||N/A||N/A|
|Total Net Assets (7/24/15)||$127,988,449.74||$257,101,338.62|
|Alpha (3 yr.)||1.53||1.77|
|Beta (3 yr.)||0.99||0.99|
|R-Squared (3 yr.)||77.21||76.82|
|Standard Dev (3 yr.)||3.32||3.34|
|Sharpe Ratio (3 yr.)||1.00||1.07|
|Current Wtd Average P/E (trailing)||N/A||N/A|
|Current Wtd Average P/B (trailing)||N/A||N/A|
|Median Mkt Cap ($Mil)||N/A||N/A|
|Average Wtd Coupon||4.70||4.70|
|Sector Breakdown (as of 6/30/15)|
|U.s. Government Obligations||13.19%|
|Commercial Mortgage Backed Securities||13.01%|
|Collateralized Loan Obligations||5.50%|
|Cash Equivalents & Other||2.19%|
|Top 10 Holdings (as of 6/30/15)|
|Company||Ticker||CUSIP||Number of Shares||Market Value||% of Net Assets|
|DOUBLELINE FLOATING RATE FUND||DBFRX||258620848||963,812||$9,744,140.60||2.58%|
|FREDDIE MAC GOLD POOL||3132QMX22||6,894,582||$7,093,045.81||1.88%|
|UNITED STATES TREASURY NOTE/BOND||912828D72||6,360,000||$6,375,403.92||1.69%|
|UNITED STATES TREASURY NOTE/BOND||912828J43||6,160,000||$6,046,908.56||1.60%|
|UNITED STATES TREASURY NOTE/BOND||912828C57||5,890,000||$6,013,324.82||1.59%|
|FANNIE MAE POOL||31418BQA7||5,460,622||$5,377,707.56||1.42%|
|FANNIE MAE POOL||3138WDXK2||4,866,622||$4,950,303.05||1.31%|
|FANNIE MAE REMICS||3136AB6E8||5,123,592||$4,716,177.14||1.25%|
|UNITED STATES TREASURY NOTE/BOND||912828A83||4,560,000||$4,698,938.64||1.24%|
|FANNIE MAE POOL||3138WCZW6||4,618,660||$4,697,943.40||1.24%|
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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