DoubleLine Floating Rate Fund - Class N (DLFRX)
DoubleLine Floating Rate Fund - Class N operates in the Asset Management industry of the Financial Services sector, headquartered in Tampa, FL, US. The stock last traded at $8.96, down 0.02% on the session, giving a market capitalisation of $103.9M. On trailing twelve-month figures it carries a trailing P/E of -34.45, a net margin of -33.9%. Its beta of 0.12 implies it has historically moved less than the broad market.
This fund typically allocates at least 80% of its net assets, along with any borrowed funds for investment purposes, to floating rate loans and other variable-rate securities. The advisor anticipates that most, if not all, of these holdings will be rated below investment grade, or will be unrated yet possess comparable credit quality. Additionally, the fund maintains the option to invest in securities from financially challenged entities, including those undergoing bankruptcy, corporate restructuring, or other forms of significant financial difficulty.
DoubleLine Floating Rate Fund - Class N is most often compared with the following Financial Services names: