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I am interested in purchasing one or both of these Doubleline funds for a portion of my bond portfolio. My research indicates that each of these funds have a substantial mortgage backed securities component but that Mr Gundlach intends TOTL to be a bit more risky than DBLTX.
Would it make sense to own both of this funds or just one? Thanks!
@Bitzer Do your other bond fund holdings have any overlap/duplication of holdings of these Doubleline funds? As noted, both are mortgage leaning; with DBLTX having about 87% of holdings stated as AAA credit quality (as of 3-31-16). The stated credit quality of TOTL is lower. If I was interested in this bond area at this time, I would have a coin toss. Of little help, I suspect; but just a look.
Comments
Do your other bond fund holdings have any overlap/duplication of holdings of these Doubleline funds?
As noted, both are mortgage leaning; with DBLTX having about 87% of holdings stated as AAA credit quality (as of 3-31-16). The stated credit quality of TOTL is lower. If I was interested in this bond area at this time, I would have a coin toss.
Of little help, I suspect; but just a look.
Here's a discussion on TOTL at M*.
socialize.morningstar.com/NewSocialize/forums/p/361154/3752952.aspx#3752952
"IBD: What are the similarities and differences between the Total Return Fund and TOTL, the ETF?
Gundlach: They're not the same."
What an illuminating reply! Sounds like an argument with my wife.