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Low Duration Bond Fund

Investment Objective

The Fund’s objective is to seek current income.

Philosophy

DoubleLine’s Low Duration portfolio management team believes that active asset allocation of the Fund’s investments is of paramount importance in their efforts to mitigate risk and achieve better risk-adjusted returns.

Fund Facts

Retail and Institutional Class
No Load Mutual Fund

Retail N-share Inst. I-share
Ticker DLSNX DBLSX
Min Investment $2,000 $100,000
Min IRA Investment $500 $5,000
Gross Expense Ratio* 0.68% 0.43%
Benchmark ICE BofAML 1-3 Year U.S. Treasury Index
Fund Inception Date 09/30/2011

 

Investment Description

The Fund seeks current income by investing principally in debt securities of any kind. The Fund may invest without limit in mortgage-backed securities of any maturity or type. It may also invest in corporate debt obligations, asset-backed securities, foreign securities, emerging market securities, inflation-indexed bonds, bank loans and assignments, income-producing securitized products, including collateralized loan obligations: preferred securities, and other instruments bearing fixed or variable interest rates of any maturity.

It intends to invest primarily in fixed income and other income-producing instruments rated investment grade and unrated securities considered by the Advisor to be of comparable credit quality. The Fund may however, invest up to 50% of its total assets in fixed income and other income-producing instruments rated below investment grade and those that are unrated but determined by the Advisor to be of comparable credit quality. Those instruments include high yield, high risk bonds, commonly known as junk bonds.

©2022 DoubleLine

Mutual fund investing involves risk; Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed and Mortgage-Backed Securities 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 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. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. In order to achieve its investment objectives, the Fund may use certain types of exchange traded funds or investment derivatives. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. ETF investments involve additional risks such as the market price trading at a discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund’s ability to sell its shares. The fund may also invest in securities related to real estate, which may decline in value as a result of factors affecting the real estate industry. 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.

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.

DoubleLine

2002 N. Tampa St.
Suite 200
Tampa
FL 33602

813.791.7333

 

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.

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