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 Bank of America Merrill Lynch 1-3 Year Treasury Index* | |
| Fund Inception Date | 09/30/2011 | |
* Formerly known as the BofA/Merrill Lynch 1-3 Year Treasury.
The ICE BofA/Merrill Lynch 1-3 Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one years and less than three years. It is not possible to invest directly in an unmanaged index.
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.
