C000206625 Fees and Costs — DoubleLine Real Estate and Income Fund, Class I
Data updated: 2023-11-24
The net expense ratio is 0.66%: a 0.45% management fee plus 1.63% other expenses, less a 1.43% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 106%.
C000206625 Fees and Expenses
Annual operating expenses and sales charges of C000206625. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.63% |
| Gross expense ratio | 2.09% |
| Fee waiver | −1.43% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000206625 Costs Over Time
On $10,000 invested in C000206625, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
C000206625 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $31.6M
- Portfolio turnover (prospectus): 106%
- Securities lending: none during the year
C000206625 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $6.6M | 25.06% |
| BOFA SECURITIES INC. | $3.5M | 13.34% |
| MORGAN STANLEY & CO. LLC | $2.8M | 10.65% |
| HSBC SECURITIES (USA) INC. | $2.7M | 10.23% |
| GOLDMAN SACHS & CO. LLC | $2.6M | 9.64% |
| J.P. MORGAN SECURITIES LLC | $2.4M | 9.04% |
| BMO NESBITT BURNS SECURITIES LTD. | $1.8M | 6.70% |
| DEUTSCHE BANK SECURITIES INC. | $1.6M | 6.07% |
| COWEN AND COMPANY LLC | $1.5M | 5.72% |
| CITADEL SECURITIES LLC | $939K | 3.55% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.