DoubleLine Infrastructure Income Fund

C000166677 Fund Overview

DoubleLine Infrastructure Income Fund is a US mutual fund managed by DoubleLine Funds Trust, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: DoubleLine Funds Trust
• Category: Long Total / Aggregate Bond
• Assets under management: $357.58M
• 1-year return: 7.3%
• SEC CIK: 0001480207
• SEC series ID: S000053014
• Share class ID: C000166677

C000166677 Investment Objective and Strategy

DoubleLine Infrastructure Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by DoubleLine Funds Trust.

Investment objective

The Fund’s investment objective is to seek long-term total return while striving to generate current income.

Principal investment strategy

Under normal market conditions, the Fund intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in Infrastructure Investments. Infrastructure Investments include any assets or projects that support the operation, function, growth or development of a community or economy. The Infrastructure Investments in which the Fund may invest include, without limitation, fixed or floating-rate debt instruments, loans or other income-producing instruments issued: by companies or other issuers to finance (or re-finance) the ownership, development, construction, maintenance, renovation, enhancement, or operation of infrastructure assets; by companies or other issuers that invest in, own, lease or hold infrastructure assets; and by companies or other issuers that operate infrastructure assets or provide services, products or raw materials related to the development, construction, maintenance, renovation, enhancement or operation of infrastructure assets.

The Fund may hold instruments issued by a wide range of entities including, among others, operating companies, holding companies, special purpose vehicles, including vehicles created to hold or finance infrastructure assets, municipal issuers, and governments and governmental agencies, authorities or instrumentalities. The infrastructure assets to which the Fund may have exposure through its investments include, without limitation, assets related to: transportation (e.g., airports, metro systems, subways, railroads, ports, toll roads); transportation equipment (e.g., shipping, aircraft, railcars, containers); electric utilities and power (e.g., power generation, transmission and distribution); energy (e.g., exploration and production, pipeline, storage, refining and distribution of energy), including renewable energies (e.g., wind, solar, hydro, geothermal); communication networks and equipment; water and sewage treatment; social infrastructure (e.g., health care facilities, government buildings and other public service facilities); and metals, mining, and other resources and services related to infrastructure assets (e.g., cement, chemical companies).

The Fund may invest without limit in Infrastructure Investments in the United States or in foreign countries, including emerging market countries. However, the Fund generally seeks to invest principally in instruments denominated in U.S. dollars. Although, under normal circumstances, the Fund intends to invest more than 50% of its net assets in investment grade investments (i.e., those rated above Ba1 by Moodys or above BB+ by S&P, Fitch, Kroll Bond Rating Agency or the equivalent by any other nationally recognized rating organization) and unrated instruments considered by the Adviser to be of comparable credit quality, the Fund may purchase investments of any credit quality, including investments that are unrated or rated below investment grade. Instruments rated below investment grade and unrated instruments of comparable quality, are high yield, high risk bonds, commonly known as junk bonds.

The Adviser does not consider the term junk bonds to include any mortgage-backed securities or any other asset-backed securities, regardless of their credit rating or credit quality. Generally, lower-rated debt securities offer the potential for a higher yield than higher rated debt securities of similar maturity but are subject to greater risk of loss of principal and interest than higher rated securities of similar maturity. The Fund may invest without limit in debt obligations, loans and other income-producing instruments where the obligation to repay principal and pay interest or otherwise make payments to the Fund is secured by underlying infrastructure asset(s) (e.g., a power generating facility, aircraft, railcars, and/ or containers) or secured solely by an equity ownership stake in a particular asset or project.

Alternatively, the Fund may invest in income-producing instruments where the obligation to repay principal and pay interest is unsecured and backed only by the creditworthiness of the issuer. The Fund may invest in debt obligations, income-producing instruments and infrastructure-related investments of any kind, including, without limitation, (i) project bonds; (ii) corporate obligations; (iii) loans; (iv) mortgage-backed securities; (v) asset-backed securities (including securities collateralized by installment loan contracts and/or leases of various types of real and personal property such as aircraft and cellular towers); (vi) foreign corporate securities, including emerging market securities; (vii) enhanced equipment trust certificates ( EETCs ) and equipment trust certificates ( ETCs ); (viii) debt obligations issued or guaranteed by governments or governmental agencies; (ix) credit-linked notes; (x) municipal bonds; (xi) pass-through notes; (xii) perpetual maturity bonds; and (xiii) other instruments bearing fixed, floating, or variable interest rates of any maturity.

The Fund may invest in any level of the capital structure of an issuer of asset-backed securities, including the equity or first loss tranche. Loans include, without limitation, secured and unsecured senior loans, term loan Bs, mezzanine, second lien, and other subordinated loans, loan participations and assignments, and other fixed and floating rate loans. The Fund may use derivative transactions for any purpose, including to create efficient investment exposure, create investment leverage, hedge against portfolio exposures, create indirect long or short positions as a substitute for a cash investment, or to manage the Funds duration or adjust the Funds exposure to changes in market interest rates. The Fund will incur costs in implementing derivatives strategies, and there can be no assurance that the Fund will engage in derivatives strategies or that any such strategy will be successful.

The Fund may pursue its investment objective and obtain exposures to some or all of the asset classes described above by investing in other investment companies, including, for example, other open-end or closed-end investment companies, and ETFs, including investment companies sponsored or managed by the Adviser or its related parties. The amount of the Funds investment in certain investment companies may be limited by law or by tax considerations. The Adviser monitors the duration of the Funds portfolio securities to seek to assess and, in its discretion, adjust the Funds exposure to interest rate risk. The Adviser intends, under normal market conditions, to construct an investment portfolio with a dollar-weighted average effective duration of no less than two years and no more than ten years.

Duration is a measure of the expected life of a fixed income instrument that is used to determine the sensitivity of a securitys price to changes in interest rates. All other things remaining equal, for each one percentage point increase in interest rates, the value of a portfolio of fixed income securities would generally be expected to decline by one percent for every year of the portfolios average duration above zero. For example, the value of a portfolio of fixed income securities with an average duration of three years would generally be expected to decline by approximately 3% if interest rates rose by one percentage point. Effective duration is a measure of the Funds portfolio duration adjusted for the anticipated effect of interest rate changes on bond and loan pre-payment rates as determined by the Adviser.

The effective duration of the Funds investment portfolio may vary materially from its target range, from time to time, and there is no assurance that the effective duration of the Funds investment portfolio will always be within its target range.

C000166677 Holdings

Top 10 holdings of DoubleLine Infrastructure Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000166677 holdings

C000166677 Portfolio Allocation

Asset-class allocation of DoubleLine Infrastructure Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000166677 Performance

Total returns for C000166677 (as of 2026-10-01), from SEC filings.

C000166677 Risk Information

Risk metrics for C000166677, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.6%

C000166677 Costs and Fees

C000166677 costs about $85 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.85%
• Gross expense ratio: 0.85%
• Portfolio turnover: 45%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000166677 Cashflows

Over the 12 months to 2025-12, DoubleLine Infrastructure Income Fund had net outflows of $27.59M, from monthly SEC N-PORT filings.

C000166677 Debt Constituents

Largest debt holdings of DoubleLine Infrastructure Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000166677 Prospectus and SEC Filings

Official DoubleLine Infrastructure Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-10-27
• Prospectus (485BPOS) — filed 2025-07-23
• Prospectus (485BPOS) — filed 2024-07-19
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Portfolio holdings (N-PORT) — filed 2025-11-25
• Portfolio holdings (N-PORT) — filed 2025-08-22
• Annual census (N-CEN) — filed 2025-06-10
• Annual census (N-CEN) — filed 2024-06-12

Related Funds

Other Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• PGIM Total Return Bond Fund (PDBAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.