Gundlach King or Crank? Neither.
For whatever reason, his bond funds are not at the top.
Suppose a typical investor contact me and wants to invest in a core-plus fund. I would offer DODIX. It had a much better risk/reward than DBLTX(ranks 94.87) ,DBLFX(ranks 86,75) for 3-5 years (
link). Gundlach is the main manager for both. I didn't come up with DODIX based on recent performance, I like this fund for years(it's not a secret I don't like any other D&C fund)
What DBL funds I like?
DBLEX(EM) managed by Padilla with good risk/reward.
DBLSX(great Short term duration)=Gaundlach is one of the managers but the fund has over 30% international bonds per M*. I guess Padilla adds a lot.
DBLIX= Gundlach isn't the manager. A new fund aimed at specialized MBS/securitized, similar to old PIMIX.
A typical younger investor doesn't need the above funds. Retirees can use DBLSX, most don't need the other 2.
A typical investor doesn't need to own 5+ bond funds. 5 funds is already on the upside, and diversification doesn't increase performance or lower volatility. If someone is mostly buy and hold then go with good, reliable funds. There is no need to pair funds, each fund should stands on its own.
DBL would not be my preferred shop (typical or not typical). ====================
Gunlach investment in DBLTX doesn't impress me. It is his goals not mine, after all, his net worth is estimated at 2+ billion.Gundlach made "great' predictions in the last several months1) In 10/27/2020 (
link): 3 Reasons Gundlach Is Bearish on U.S. Stocks. SP500 made 32% (
link) since that date.
2) In 1/12/2021 (
link): Gundlach bullish on Asian emerging market stocks. SP500 vs EEMA (
link) shows that SP500 made 23% more.
These were pretty bad predictions.====================
But wait, if you mention Hussman, Arnott, GMO predictions I will trash them too.
This has nothing to do with what you own, it's just my opinion. You should do your own due diligence and invest accordingly.
All these investment sites are a good entertainment, with no obligation and FREE opinions.