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Huh? Lower Class Doubleline Gains More Yesterday than Higher Class?
Now I'm really confused. I exchanged my lower class DLTNX to DBLTX a couple weeks ago. Just noticed today that yesterday DLTNX went up 0.27%, but DBLTX only went up 0.18%. Am I having a senior moment and missing something obvious?
The next day, July 1, one dropped a penny, one dropped two cents. Let's suppose that in actuality, one dropped 1.4c, the other 1.6c.
The next day, July 5, they both went up to $11.01. Let's say that the former went up 2.7c (from $10.986 to $11.013), while the latter went up 2.5c (from $10.984 to $11.009).
Each of the two days, the cheaper class did 1/5 of a cent better than the other share class. But after rounding, it looks like the latter rose more the second day (because, due to rounding, it looked like it had dropped more the first day).
Comments
Start with the June 30th prices - both @ $11.00.
The next day, July 1, one dropped a penny, one dropped two cents. Let's suppose that in actuality, one dropped 1.4c, the other 1.6c.
The next day, July 5, they both went up to $11.01. Let's say that the former went up 2.7c (from $10.986 to $11.013), while the latter went up 2.5c (from $10.984 to $11.009).
Each of the two days, the cheaper class did 1/5 of a cent better than the other share class. But after rounding, it looks like the latter rose more the second day (because, due to rounding, it looked like it had dropped more the first day).