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FYI: (Click On Article Title At Top Of Google Search) Follow-Up Article: Morningstar has dubbed DoubleLine Total Return fund "not ratable" despite its outperformance, amid bad blood with manager Jeffrey Gundlachs, Regards, Ted
Morningstar provides black box ("star") ratings and white box ("analyst") ratings. M*, like Lipper and anyone else, has no problem with black box ratings. DLTNX has its totally mechanical 4* rating from M*.
Any fund that refuses to allow a rating firm to look under the covers is not, by definition, white box-ratable. That's what DoubleLine did, and why their Total Return fund is not (white box) ratable.
(For completeness, the Lipper ratings are owned by Thompson Reuters and (I assume) licensed to WSJ/Dow Jones, owned by News Corp, a Murdoch company. WSJ appears to choose not to rate Doubline, or any other fund, itself.)
Comments
"Imagine what would have happened if Gross had joined DoubleLine."
Clash of The Titans.
http://m.imdb.com/title/tt0082186/
Release the Kracken!
http://online.wsj.com/public/quotes/fund_snapshot.html?symbol=Dbltx&type=usstock+usfund&lateralbox.x=0&lateralbox.y=0
Any fund that refuses to allow a rating firm to look under the covers is not, by definition, white box-ratable. That's what DoubleLine did, and why their Total Return fund is not (white box) ratable.
(For completeness, the Lipper ratings are owned by Thompson Reuters and (I assume) licensed to WSJ/Dow Jones, owned by News Corp, a Murdoch company. WSJ appears to choose not to rate Doubline, or any other fund, itself.)