city

Income Fund

Investment Objective

The Fund’s investment objective seeks current income and total return principally in income producing securities.

Investment Approach

The Fund invests mainly in structured product securities which include mortgage backed securities, asset backed securities and CLOs that provide a high level of current income, capital appreciation or both, while providing diversification from corporate credit and diversifying risks within the portfolio.

Investment Philosophy

DoubleLine believes the most reliable way to enhance returns is to exploit inefficiencies within the subsectors of the bond market while maintaining active risk management constraints.

Investment Process

Robust investment approach employing a qualitative and quantitative approach:

o  Qualitative: Thorough analysis of market trends and in-depth research contribute to affirming sector and subsector opportunities and assessing risk exposure.

o  Quantitative: Bottom-up security selection based on experience with proprietary methodology and “stress testing” scenarios across a range of interest rate and credit spread movements.

Fund Facts

Retail and Institutional Class
No Load Mutual Fund

Retail N-share Inst. I-share
Ticker DBLNX DBLIX
Min Investment $2,000 $100,000
Min IRA Investment $500 $5,000
Gross Expense Ratio 1.05% 0.80%
Net Expense Ratio1 0.91% 0.66%
Benchmark Bloomberg Barclays U.S. Aggregate Index
Fund Inception Date 9/3/2019
  1. The Adviser has contractually agreed to waive fees and reimburse expenses through September 2, 2020.

 


Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in ABS and MBS include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the Fund to be more volatile than if leverage was not used. Derivatives involve special risks including correlation, counterparty, liquidity, operational, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

Diversification does not assure a profit, nor does it protect against a loss in a declining market.

©2019 DoubleLine

Income Fund

Investment Objective

The Fund’s investment objective seeks current income and total return principally in income producing securities.

Investment Approach

The Fund invests mainly in structured product securities which include mortgage backed securities, asset backed securities and CLOs that provide a high level of current income, capital appreciation or both, while providing diversification from corporate credit and diversifying risks within the portfolio.

Investment Philosophy

DoubleLine believes the most reliable way to enhance returns is to exploit inefficiencies within the subsectors of the bond market while maintaining active risk management constraints.

Investment Process

Robust investment approach employing a qualitative and quantitative approach:

o  Qualitative: Thorough analysis of market trends and in-depth research contribute to affirming sector and subsector opportunities and assessing risk exposure.

o  Quantitative: Bottom-up security selection based on experience with proprietary methodology and “stress testing” scenarios across a range of interest rate and credit spread movements.

Fund Facts

Retail and Institutional Class
No Load Mutual Fund

Retail N-share Inst. I-share
Ticker DBLNX DBLIX
Min Investment $2,000 $100,000
Min IRA Investment $500 $5,000
Gross Expense Ratio 1.05% 0.80%
Net Expense Ratio1 0.91% 0.66%
Benchmark Bloomberg Barclays U.S. Aggregate Index
Fund Inception Date 9/3/2019
  1. The Adviser has contractually agreed to waive fees and reimburse expenses through September 2, 2020.

 


Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in ABS and MBS include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the Fund to be more volatile than if leverage was not used. Derivatives involve special risks including correlation, counterparty, liquidity, operational, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.

Diversification does not assure a profit, nor does it protect against a loss in a declining market.

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory prospectus and summary prospectus (if available) contain this and other important information about the investment company and may be obtained by clicking here. In addition, a free hard-copy is available by calling 1 (877) 354-6311/1 (877) DLINE11. Please read the prospectuses carefully before investing.

For our Funds that are no-load mutual funds, management fees and other expenses will apply. Please refer to the prospectus for further details.

The DoubleLine Funds are offered only to United States residents, and information on this website is intended only for such persons.  Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any DoubleLine Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Please note that by using this website and/or sending DoubleLine any information via this website, you acknowledge that any personal information you provide to us will be subject to our Privacy Policy, which has been designed to comply with applicable laws in the various jurisdictions in which DoubleLine does business.  If you have reached out to us on an unsolicited basis from outside the United States, local data privacy regulations may not apply to the information that you provide.

DoubleLine Alternatives LP is the investment adviser to the DoubleLine Strategic Commodity Fund and the DoubleLine Colony Real Estate and Income Fund.  DoubleLine Capital LP is the investment adviser to each of the other DoubleLine mutual funds and sub-adviser to the DoubleLine Colony Real Estate and Income Fund. DoubleLine Capital LP and DoubleLine Alternatives LP are investment advisers registered with the SEC under the Investment Advisers Act of 1940. The DoubleLine mutual funds are distributed by Quasar Distributors, LLC.  DoubleLine Capital LP is the investment adviser to the DoubleLine Closed-End Funds.  Quasar Distributors, LLC. provides filing administration for the DoubleLine Closed End Funds.

DoubleLine®, the DoubleLine logo, the DoubleLine Funds logo and The Sherman Show logo are all registered trademarks of DoubleLine Capital LP.

DoubleLine

333 S. Grand Ave.
18th Floor
Los Angeles
CA 90071

213.633.8200

 

This is a Test!

DoubleLine is testing our emergency back-up plan. If this were a real emergency, DoubleLine would be posting news, updates, contact information, webcast or conference call information here to keep our clients updated on the situation. To contact DoubleLine, please click here.

×