DFLEX Fees and Costs — DoubleLine Flexible Income Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 0.59% (0.76% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $0 in broker commissions, and portfolio turnover was 50%.
DFLEX Fees and Expenses
Annual operating expenses and sales charges of DFLEX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.59% |
| 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 | No |
DFLEX Costs Over Time
On $10,000 invested in DFLEX, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
DFLEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $0
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
DFLEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DEUTSCHE BANK SECURITIES INC. | $0 | 100.00% |
DFLEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $186.2M | 18.16% |
| J.P. MORGAN SECURITIES LLC | $177.9M | 17.34% |
| BMO CAPITAL MARKETS CORP. | $128.1M | 12.48% |
| BARCLAYS CAPITAL INC. | $113.1M | 11.03% |
| GOLDMAN SACHS & CO. LLC | $102.7M | 10.02% |
| CITIGROUP GLOBAL MARKETS INC. | $91.8M | 8.95% |
| WELLS FARGO SECURITIES LLC | $65.2M | 6.36% |
| CITADEL SECURITIES LLC | $58.0M | 5.66% |
| MERRILL LYNCH INC. | $55.5M | 5.41% |
| DEUTSCHE BANK SECURITIES INC. | $47.2M | 4.60% |
DoubleLine Flexible Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DFFLX | Class R6 | 0.59% | none |
| DFLEX | Class I | 0.59% | none |
| DLPIX | Class I2 | 0.65% | none |
| DLINX | Class N | 0.84% | none |
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.