Gundlach bond fund drew the most investor money in first half

The DoubleLine Capital Total Return Bond Fund attracted the most money among U.S. mutual funds this year through June, according to estimates from Morningstar Inc. The fund received $11.5 billion, followed by the Vanguard Total International Stock Index Fund (VGTSX), which attracted $8.9 billion, Morningstar said. The Pimco Total Return Bond Fund (PTTAX), the world's largest mutual fund, had the sixth-highest amount of deposits with $5.9 billion. The DoubleLine Total Return Bond Fund (DBLTX), run by Doubleline Capital LP chief executive Jeffrey Gundlach and Philip Barach, had returned 5% this year through last Tuesday's close, beating 95% of similarly managed funds, according to data compiled by Bloomberg. The $28 billion fund had returned 9.3% over the 12-month period ended last Tuesday, ahead of 98% of rivals. As of June 30, 31% of its assets were invested in nonagency residential-mortgage-backed securities, according to DoubleLine's website. The numbers are for open-end mutual funds and exclude money markets and funds of funds. This year through May, investors put $106 billion more into U.S. taxable-bond funds than they took out, Morningstar said. Domestic stock funds had $34 billion in net outflows over the same time period, while international stock funds had net inflows of $20 billion.