DoubleLine
DoubleLine Capital LP is an independent, employee-owned fixed income asset management firm founded in 2009, managing approximately $48.5 billion across mutual funds, ETFs, and closed-end funds for institutional investors, financial advisors, insurance companies, and individual investors.
- Company typePrivate
- Founded2009
- HeadquartersLos Angeles, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What DoubleLine does
DoubleLine Capital LP is an independent, employee-owned fixed income asset management firm founded in 2009 by Jeffrey Gundlach, the former TCW portfolio manager widely known as "The Bond King." The firm specializes in fixed income strategies with deep domain expertise in mortgage-backed securities, securitized credit, and structured products, managing approximately $48.5 billion in combined assets across 9 mutual funds, 9 exchange-traded funds, and 3 closed-end funds. Investment decisions are governed by a Fixed Income Asset Allocation Committee that integrates top-down macro views with bottom-up sector specialist security selection, supported by a stable portfolio management team that has remained in place largely since inception.
The firm offers a diversified product suite spanning core fixed income, total return, low duration, long duration, flexible income, emerging markets, global bond, and strategic commodity strategies, distributed through mutual funds (share classes I, I2, N, R6), ETFs, and closed-end funds. Expense ratios range from approximately 0.18% on the ultrashort ETF (DLUX) to 0.65% on the Shiller CAPE ETF, with mutual fund Class I shares typically in the 0.40%-0.65% range. Distribution channels include Quasar Distributors LLC for mutual funds, Foreside Fund Services LLC for ETFs, the American Beacon Advisors sub-advisory partnership for wealth-management channels, direct institutional sales, and shelf placement across Charles Schwab, Fidelity, Interactive Brokers, Vanguard, E*Trade, Robinhood, and SoFi for individual investors.
Revenue is generated primarily through asset-based management fees, supplemented by sub-advisory fees and separate account relationships. The firm serves institutional investors (pension funds, endowments, foundations, insurance companies) with specialized solutions including liability-driven investing, financial advisors and intermediaries, retirement plan sponsors (401(k) menu inclusion), and individual investors. The firm is headquartered in Tampa, Florida with significant operations in Los Angeles, and is led by CEO/CIO Jeffrey Gundlach and Deputy CIO Jeffrey Sherman. Recent strategic priorities include ETF product expansion (DLUX launch April 2026, DSCO conversion January 2026), distribution buildout via newly created sales leadership roles, and deepening of the American Beacon Advisors partnership.
DoubleLine firmographics
Firmographics- Name
- DoubleLine
- Legal name
- DoubleLine Capital LP
- Website
- https://doubleline.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- DoubleLine Capital LP is an independent, employee-owned fixed income asset management firm founded in 2009, managing approximately $48.5 billion across mutual funds, ETFs, and closed-end funds for institutional investors, financial advisors, insurance companies, and individual investors.
- Ownership category
- akta.pro rank
Where DoubleLine is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
DoubleLine business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Investment Management Fees: DoubleLine generates revenue primarily through management fees charged on its mutual funds, exchange-traded funds (ETFs), closed-end funds, and separate accounts. Fee structures vary by fund type and share class, with expense ratios ranging from approximately 0.39% to 1.43% depending on the product.
- Sub-advisory Services: DoubleLine serves as sub-advisor to funds managed by partners such as American Beacon Advisors, generating revenue through sub-advisory fees on assets under management.
- Fund Distribution Partnerships: Revenue generated through partnership arrangements with distributors including Quasar Distributors LLC (mutual funds) and Foreside Fund Services LLC (ETFs).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Core Fixed Income Fund (DBLFX) - Class I shares with $100,000 minimum investment |
| Subscription | Annual | Low Duration Bond Fund - Class I shares with low expense ratio |
| Subscription | Annual | Total Return Bond Fund - Core flagship strategy |
| Subscription | Annual | Global Bond Fund |
| Subscription | Annual | Exchange-Traded Funds (ETFs) - Ultra-low expense ratios |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
DoubleLine product offering
Product offeringCore offering
DoubleLine Capital LP is an independent, employee-owned investment management firm that manages fixed income and related strategies through mutual funds, exchange-traded funds (ETFs), closed-end funds, and separate accounts. The firm invests across mortgage-backed securities, corporate credit, emerging markets, global fixed income, and other structured products, generating revenue primarily through asset-based management fees.
Product overview
DoubleLine is an independent, employee-owned money management firm offering a comprehensive suite of investment products across multiple structures including mutual funds, exchange-traded funds (ETFs), and closed-end funds. The product lineup spans fixed income strategies including core bond, flexible income, low duration, long duration, emerging markets, global bond, and strategic commodity approaches. The ETF suite includes specialized offerings in mortgage-backed securities, commercial real estate debt, securitized credit, multi-sector income, opportunistic core bond, ultrashort income, and equity-focused products like the Fortune 500 Equal Weight and Shiller CAPE ETFs. Closed-end funds provide income-oriented solutions. All products are overseen by a time-tested portfolio management team led by CEO Jeffrey Gundlach and Deputy CIO Jeffrey Sherman, with strategies managed through the Fixed Income Asset Allocation Committee.
Differentiator
Problem solved
Functional benefit
Brands
- DoubleLine UCITS: Commingsled fund solutions for non-US investors overseen by the DoubleLine portfolio management team
- DoubleLine Alternatives
Products and services
- Core Fixed Income Fund Mutual fund seeking to maximize current income and total return through active asset allocation across government, Agency MBS, non-Agency MBS, commercial MBS, global developed credit, international and emerging markets fixed income sectors. For investors seeking core fixed income exposure.
- Flexible Income Fund Mutual fund seeking long-term total return and current income, not constrained by any benchmark, with broad flexibility to invest across Agency MBS, non-Agency MBS, commercial MBS, global developed credit, high yield, international, emerging markets fixed income and U.S. government sectors.
- Long Duration Total Return Bond Fund Mutual fund seeking long-term total return through investments in long duration Mortgage-Backed Securities and Collateralized Mortgage Obligations, designed for Liability Driven Investing (LDI) and macro hedging strategies.
- Low Duration Bond Fund Mutual fund seeking current income through active asset allocation in U.S. Government, Agency MBS, Non-Agency MBS, Commercial MBS, Corporate Credits, Bank Loans, International Fixed Income and Emerging Markets Fixed Income.
- Total Return Bond Fund Flagship mutual fund seeking to maximize total return through active management of both interest rate and credit exposure combined with bottom-up security selection, investing primarily in structured products including Agency MBS and U.S. Treasuries.
- Shiller Enhanced CAPE Fund Mutual fund seeking total return that exceeds the Shiller Barclays CAPE U.S. Sector Total Return Index, using derivatives and debt instruments to obtain exposure to U.S. equity sector rotation while maintaining a core fixed income portfolio.
- Shiller Enhanced International CAPE Fund Mutual fund seeking total return that exceeds the Shiller Barclays CAPE Europe Sector Net TR Index, combining a fixed income collateral portfolio with European equity sector rotation via derivatives.
- Emerging Markets Fixed Income Fund Mutual fund seeking high total return from current income and capital appreciation through investments in sovereign bonds, corporate bonds, local currency bonds, distressed debt, convertible bonds, and structured finance in emerging markets.
- Emerging Markets Local Currency Bond Fund Mutual fund seeking high total return from current income and capital appreciation through investments in bonds of emerging market country issuers denominated in local (non-U.S.) currencies, including sovereign, quasi-sovereign, and private issuer obligations.
- Global Bond Fund Mutual fund seeking long-term total return through investments in global bond markets, selecting securities with attractive valuations in countries with stable to improving structural outlooks and growth trajectories.
- Low Duration Emerging Markets Fixed Income Fund Mutual fund seeking long-term total return through investments in emerging markets sovereign, quasi-sovereign and private issuers with a dollar-weighted average effective duration of three years or less.
- Strategic Commodity Fund Mutual fund seeking long-term total return through long and short exposures to commodity-related investments including industrial metals, energy commodities, agricultural products, and livestock.
- Commercial Real Estate Debt ETF ETF seeking current income and capital preservation with secondary long-term capital appreciation objective, investing in investment grade commercial mortgage-backed securities including Agency and non-Agency CMBS and CRE CLOs.
- Mortgage ETF ETF seeking total return that exceeds the Bloomberg U.S. Mortgage-Backed Securities Index by investing primarily in high quality residential mortgage-backed securities, actively allocating between Agency MBS and non-Agency MBS.
- Multi-Sector Income ETF ETF seeking to provide income with a secondary objective of capital appreciation through active asset allocation among various fixed income sectors including investment grade corporate debt, high yield, bank loans, RMBS, CMBS, ABS and CLOs.
- Opportunistic Core Bond ETF ETF investing in a universe of fixed income instruments including U.S. government securities, Agency MBS, non-Agency MBS, commercial MBS, global developed credit, international fixed income, and emerging markets fixed income.
- Securitized Credit ETF ETF seeking to provide income and total return through investments in securitized credit products including mortgage-backed securities, asset-backed securities and collateralized loan obligations.
- Ultrashort Income ETF
Quantifiable outcome
- DoubleLine Total Return Bond Fund (DBLTX) delivered 8.04% return in 2025 vs Bloomberg US Aggregate Bond Index at 7.30%, outperforming by 74 basis points
- +2 more outcomes
Companies that use DoubleLine
Customer profileSegments5 records
Ideal customer profiles5 records
DoubleLine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
DoubleLine partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and notable.
- American Beacon AdvisorscoreAmerican Beacon Advisors acquired management of the DoubleLine Select Income Fund (renamed American Beacon DoubleLine Select Income Fund) and completed a merger of the DoubleLine Floating Rate Fund with its American Beacon counterpart. DoubleLine Capital continues as sub-advisor on both funds. The partnership brings DoubleLine's fixed income expertise to American Beacon's wealth management platform.
- Oaktree Capital ManagementnotableDoubleLine Capital and Oaktree Capital Management have been positioning defensively in credit markets together, buying instruments they believe will hold value if AI infrastructure debt faces repricing. At the Bloomberg Global Credit Forum in June 2026, both firms flagged concerns about frothy valuations driven by tech AI investments.
Scale indicators5 records
Recent moves9 records
Expansion highlights1 record
DoubleLine competitors and assessment
Company assessmentDirect peers
- PIMCO: One of the world's largest active fixed income asset managers with a comparable multi-strategy platform (mutual funds, ETFs, closed-end funds) and similar emphasis on MBS, securitized credit and global bond capabilities.
- Western Asset Management: Independent, employee-influenced active fixed income manager with deep expertise in securitized products and global credit — the most direct comparable in structure, strategy mix and client base to DoubleLine.
- TCW Group: Jeffrey Gundlach's former employer; a closely comparable fixed income and credit-focused active manager with overlapping MBS/structured products expertise and a similar institutional/wealth distribution model.
- Lord Abbett: Independent, employee-owned active asset manager with a comparable fixed income mutual fund and ETF suite distributed through financial advisors; cited as DoubleLine's recent talent poaching source for its new national sales lead.
- Nuveen (TIAA): Large fixed income and securitized credit manager (with roots in Nuveen Investment Management, where a senior DoubleLine EM PM previously worked) operating across institutional, intermediary and ETF channels.
- Federated Hermes: Active fixed income and money market manager with a comparable mutual fund and ETF lineup focused on institutional and intermediary clients, including securitized and investment-grade credit strategies.
Broad incumbents
- BlackRock: Largest global asset manager with a massive iShares fixed income ETF platform that directly competes with DoubleLine ETFs on price and scale, while also operating active fixed income strategies.
- Vanguard Fixed Income Group: Incumbent passive fixed income ETF and mutual fund provider whose low-cost products set the price floor that DoubleLine ETFs (DLUX, Mortgage ETF, Multi-Sector Income ETF) must compete against on retail platforms.
- Franklin Templeton: Diversified global asset manager with significant fixed income, multi-asset and ETF capabilities; offers comparable mutual fund and ETF products distributed through the same advisor and institutional channels as DoubleLine.
Emerging players
- Brookfield Asset Management: Growing credit and fixed income alternative platform with overlapping securitized, CRE debt and credit capabilities — increasingly competitive with DoubleLine Alternatives in opportunistic and structured credit.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
DoubleLine social profiles
Digital presenceDoubleLine financial estimates
Financial estimateRevenue estimate
Valuation estimate
DoubleLine leadership team
Management profileNumber of profiles
Profiles22 records
DoubleLine subsidiaries and ownership
Company hierarchySubsidiaries8 records
DoubleLine funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DoubleLine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DoubleLine
What does DoubleLine do?
DoubleLine Capital LP is an independent, employee-owned investment management firm that manages fixed income and related strategies through mutual funds, exchange-traded funds (ETFs), closed-end funds, and separate accounts. The firm invests across mortgage-backed securities, corporate credit, emerging markets, global fixed income, and other structured products, generating revenue primarily through asset-based management fees.
Is DoubleLine a public or private company?
DoubleLine is a private company. It is classified as management employee owned and is currently operating.
When was DoubleLine founded?
DoubleLine was founded in 2009. It employs 251 to 500 people.
Where is DoubleLine based?
DoubleLine is headquartered in Los Angeles, United States, in the North America region.
How does DoubleLine make money?
Three revenue lines are on record. Investment Management Fees are the primary driver. The others are sub-advisory Services and fund Distribution Partnerships.
Who are DoubleLine's main competitors?
Direct peers on record are PIMCO, Western Asset Management, TCW Group, Lord Abbett, Nuveen (TIAA) and Federated Hermes. Broad incumbents are BlackRock, Vanguard Fixed Income Group and Franklin Templeton. Brookfield Asset Management is listed as an emerging player.
Does DoubleLine have an API?
No public API is recorded for DoubleLine.