ASBAX vs DBLSX

Both ASBAX and DBLSX are mutual funds. ASBAX has a lower 5-year return than DBLSX (0.78% vs 1.49%). ASBAX has a higher expense ratio than DBLSX (0.67% vs 0.42%). Below is the comparison between ASBAX and DBLSX.

ASBAX DBLSX
Security Type Mutual fund Mutual fund
Segment Taxable Fixed Income: Short-term Bond Taxable Fixed Income: Short-term Bond
Family American Funds DoubleLine
Net Assets $4.96B $5.88B
Expense Ratio 0.67% 0.42%
Management Style active active
Dividend Yield 0.49% 1.67%
Minimum Investment $1,000.00 $100,000.00
YTD Return -2.72% -2.55%
1-Year Return -1.89% -1.77%
3-Year Return 0.43% 0.78%
5-Year Return 0.78% 1.49%
10-Year Return 0.66% 1.79%

ASBAX

ASBAX description

The Fund seeks to provide current income by maintaining a portfolio having a dollar-weighted average effective maturity no greater than three years and consisting primarily of debt securities with a quality rating of AA, Aa3 or better, or if unrated securities determined by the adviser to be of equivalent quality.

ASBAX performance & returns
YTD Return -2.72%
1-Month Return -0.08%
3-Month Return -1.89%
1-Year Return -1.89%
3-Year Return 0.43%
5-Year Return 0.78%
10-Year Return 0.66%
ASBAX expense ratio is 0.67%.

ASBAX holdings

Top 10 Holdings (17.08% of Total Assets)

Name Symbol % Assets
United States Treasury Notes 0.13% N/A 4.78%
US Treasury Note 0.12% N/A 3.02%
United States Treasury Notes 1.62% N/A 2.61%
United States Treasury Notes 1.75% N/A 2.51%
United States Treasury Notes 1.5% N/A 2.21%
United States Treasury Notes 0.12% N/A 1.95%

ASBAX pros

None that we could think of.

ASBAX cons

The following are ASBAX weaknesses from our perspective:

  • ASBAX 3-year return is 0.43%, which is lower than the 3-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 0.78%.
  • ASBAX 5-year return is 0.78%, which is lower than the 5-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 1.1%.
  • ASBAX 10-year return is 0.66%, which is lower than the 10-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 0.97%.
  • ASBAX 15-year return is 1.21%, which is lower than the 15-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 1.84%.
  • ASBAX expense ratio is 0.67%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.3%, while the maximum front-end sales load is 2.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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DBLSX

DBLSX description

The Fund seeks current income. The Fund seeks current income by investing principally in debt securities of any kind. The Fund will normally seek to construct an investment portfolio for the Fund with a dollar-weighted average effective duration of three years or less.

DBLSX performance & returns
YTD Return -2.55%
1-Month Return -0.58%
3-Month Return -1.77%
1-Year Return -1.77%
3-Year Return 0.78%
5-Year Return 1.49%
10-Year Return 1.79%
DBLSX expense ratio is 0.42%.

DBLSX holdings

Top 10 Holdings (12.74% of Total Assets)

Name Symbol % Assets
United States Treasury Notes 1.5% N/A 1.96%
United States Treasury Notes 2.25% N/A 1.96%
United States Treasury Notes 2.63% N/A 1.56%
First American Government Obligs U FGUXX 1.29%
JPMorgan US Government MMkt IM MGMXX 1.29%
Morgan Stanley Instl Lqudty Govt Instl MVRXX 1.29%
United States Treasury Notes 0.13% N/A 1.10%
United States Treasury Notes 1.38% N/A 0.79%
Federal Home Loan Mortgage Corporation 2% N/A 0.76%
Fnma Pass-Thru I 2% N/A 0.74%

DBLSX pros

The following are DBLSX strengths from our perspective:

  • DBLSX 3-year return is 0.78%, which is higher than the 3-year return of the benchmark index (ICE BofA 1-3 Year US Treasury TR USD), 0.72%.
  • DBLSX 5-year return is 1.49%, which is higher than the 5-year return of the benchmark index (ICE BofA 1-3 Year US Treasury TR USD), 1.02%.
  • DBLSX 10-year return is 1.79%, which is higher than the 10-year return of the benchmark index (ICE BofA 1-3 Year US Treasury TR USD), 0.83%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

DBLSX cons

None that we could think of.

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