ASTON/DoubleLine Core Plus Fixed Income Fund
| N | I | |
|---|---|---|
| CUSIP | 00080Y561 | 00080Y553 |
| Ticker | ADBLX | ADLIX |
| Share Class Inception | 7/18/2011 | 7/18/2011 |
| Gross Exp Ratio (%) | 3.18 | 2.93 |
| Net Exp Ratio (%) | 0.94 | 0.69 |
| 30 Day Yield (03/31/12) | 4.67 | 4.92 |
| NAV | 10.80 | 10.80 |
| NAV Change |  0.18 | 0.18 |
| Dividend Frequency | Monthly |
| Benchmark | Barclays U.S. Aggregate Bond |
| Morningstar Category | Multisector Bond |
Fund Resources
- Fund Report 4/30/12 (PDF | 200KB)
- Profile Sheet
- Full Prospectus
- Annual Report
- SAI
Portfolio Managers
Jeffrey Gundlach
Jeffrey Gundlach
Co-founder, CEO and Principal
Mr. Gundlach has 28 years of investment experience. He holds a BA from Dartmouth College in Mathematics and Philosophy.
Philip Barach
Philip Barach
Mr. Barach is co‐founder and President of DoubleLine. Prior to DoubleLine, Mr. Barach was Co‐Founder and Group Managing Director of the TCW Mortgage Group where he spent over 23 years. He has over 32 years of fixed income investment experience. Before joining TCW, Mr. Barach was Senior Vice President of Chief Investments for Sun Life Insurance Company in Los Angeles, where he was responsible for the asset/liability management of the firm and oversight and management of the company’s $5 billion investment portfolio. Previously, he served as Principal Fixed Income Officer for the California Public Employees’ Retirement System (CalPERS), the largest pension plan in the country. In that capacity, he was responsible for managing the fixed income portion of the fund which was 100% internally managed. Mr. Barach was heavily involved in the creation of the collateralized mortgage obligations (CMO) while at CalPERS, he oversaw the issuance of one of the first private label CMO using the retirement system’s MBS portfolio. He attended the Hebrew University of Jerusalem, where he received a BA in International Relations and an MBA in Finance.
Bonnie Baha, CFA, CIC
Bonnie Baha, CFA, CIC
Portfolio Manager, Global Developed Credit
Ms. Baha has 27 years of investment experience. She holds a BA in Political Science from University of California at Irvine and received her MBA from University of Southern California.
Luz Padilla
Luz Padilla
Portfolio Manager, Emerging Markets Fixed Income
Ms. Padilla has 19 years of investment experience. She holds a BA in Economics from Stanford University and a MBA from University of California at Berkeley.
Investment Strategy - As of 3/31/2012 Non Agency RMBS represented 15% of the Fund's portfolio
The ASTON/DoubleLine Core Plus Fixed Income Fund to maximize total return and control risk through security selection and by actively managing sector allocations.
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Objective
The Fund seeks to maximize current income and total return..
Risk Considerations
Bond funds are subject to interest-rate and credit risk similar to individual bonds. As interest-rates rise or credit quality suffers, an investor is susceptible to loss of principal. Additional financial instruments that the Fund may use, including high-yield bonds, foreign bonds, and derivatives, are subject to additional risks. Additionally, asset-backed/mortgage-backed securities risk, call risk and emerging market risk are principal risks associated with investment in the fund.
| Fund Stats (as of 3/31/12) | N Shares | I Shares |
|---|---|---|
| Total Net Assets (5/18/12) | $26,599,872.73 | $60,543,292.97 |
| Sector Breakdown (as of 4/30/12) | |
|---|---|
| Mortgage-backed Securities | 35.67% |
| Corporate Bonds | 21.06% |
| U.s. Government Obligations | 19.29% |
| Emerging Markets | 11.90% |
| Commercial Mortgage Backed Securities | 7.33% |
| Cash Equivalents & Other | 2.58% |
| Foreign Government Bond | 1.87% |
| U.s. Government Agency Obligations | 0.30% |
| Top Ten Holdings (as of 4/30/12) | |||||
|---|---|---|---|---|---|
| Company | Ticker | CUSIP | Number of Shares | Market Value | % of Net Assets |
| US TREASURY N/B | 912828KN9 | 3,780,000 | $3,900,192.66 | 5.12% | |
| FREDDIE MAC | 3137GAWY9 | 1,500,000 | $1,623,309.00 | 2.13% | |
| US TREASURY N/B | 912828QN3 | 1,420,000 | $1,582,190.98 | 2.08% | |
| FNR 2012-31 Z | 3136A5JE7 | 1,500,000 | $1,559,944.95 | 2.05% | |
| US TREASURY N/B | 912828QZ6 | 1,540,000 | $1,545,052.74 | 2.03% | |
| US TREASURY N/B | 912810QL5 | 1,170,000 | $1,435,809.96 | 1.88% | |
| US TREASURY N/B | 912828QQ6 | 1,325,000 | $1,425,824.55 | 1.87% | |
| US TREASURY N/B | 912828PE4 | 1,380,000 | $1,415,686.80 | 1.86% | |
| US TREASURY N/B | 912828LJ7 | 1,145,000 | $1,325,426.81 | 1.74% | |
| GOVERNMENT NATIONAL MORTGAGE A | 38374UCH2 | 1,139,972 | $1,278,676.97 | 1.68% | |
As the fund is actively managed, the securities as presented may not represent the current or future composition of the portfolio.
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