Shiller Enhanced CAPE®
2021, 2020, 2019, 2018, 2017 DoubleLine Shiller Enhanced CAPE® Fund named “ Refinitiv Lipper Best Large Cap Value Fund over 3 Year Period” by Thomson Reuters.1
2021, 2020, 2019 DoubleLine Shiller Enhanced CAPE® Fund named “Lipper Best Large Cap Value Fund over 5 Year Period” by Thomson Reuters.2
Based on historical risk-adjusted returns.
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The Fund’s objective is to seek total return which exceeds the total return of its benchmark index, the Shiller CAPE® US Sector TR USD Index (the “Index”), which had a start date of September 9, 2012.
Maintain a core portfolio of debt instruments that focuses on global fixed income sector rotation while simultaneously obtaining exposure to US Equity sector rotation strategy via the Index. The index aims to identify undervalued sectors based on a modified CAPE® Ratio, and then uses a momentum factor to seek to mitigate the effects of potential value traps. By using both a value indicator and a momentum indicator, the Index aims to provide more stable and improved risk adjusted returns. The CAPE® Ratio is used to assess equity markets valuations and averages ten years of reported earnings to account for earnings and market cycles. US sectors are represented by a sector exchange-traded fund (“ETF”). Each month the index ranks 11 sectors based on a modified CAPE® ratio and 12-month price momentum factor. The index selects five US sectors with the lowest modified CAPE® ratio or undervalued based on the ratio. The sector with the least favorable 12-month price momentum is rejected and the Index is comprised of the remaining four sectors for the given month.
Retail and Institutional Class
No Load Mutual Fund
|Retail N-share||Inst. I-share|
|Min IRA Investment||$500||$5,000|
|Gross Expense Ratio||0.81%||0.56%|
|Benchmark||S&P 500 Index|
|Fund Inception Date||10/31/2013|
3. Subsequent investment minimums are $500 , $250 for the IRA. A $100 minimum subsequent purchase amount applies for automatic investment plans. Please see the prospectus for further details. Periodic investment plans do not assure a profit and do not protect against loss in declining markets.
The Fund will invest in a portfolio of debt securities to seek to provide long term total return. The fund will seek to use derivatives, or a combination of derivatives and direct investments, to earn a return that tracks closely the performance of the index and provide total return supplemental to the return of the debt securities.
Barclays Capital Inc. and its affiliates (“Barclays”) is not the issuer or producer of DoubleLine Shiller Enhanced CAPE® (the “Fund”) and Barclays has no responsibilities, obligations or duties to investors in the Fund. The Shiller Barclays CAPE® US Sector USD Index (the “Index”) is a trademark owned by Barclays Bank PLC and licensed for use by the Fund. While the Fund may execute transaction(s) with Barclays in or relating to the Index, Fund investors acquire interests solely in the Fund and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in the Fund. The Fund is not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the Fund or use of the Index or any data included therein. Barclays shall not be liable in any way to the Fund, investors or to other third parties in respect of the use or accuracy of the Index or any data included therein.
The Shiller Barclays CAPE® US Index Family (the “Index Family”) has been developed in part by RSBB-I, LLC, the research principal of which is Robert J. Shiller. RSBB-I, LLC is not an investment advisor and does not guarantee the accuracy and completeness of the Index Family or any data or methodology either included therein or upon which it is based. RSBB-I, LLC shall have no liability for any errors, omissions or interruptions therein and makes no warranties expressed or implied, as to the performance or results experienced by any party from the use of any information included therein or upon which it is based, and expressly disclaims all warranties of the merchantability or fitness for a particular purpose with respect thereto, and shall not be liable for any claims or losses of any nature in connection with the use of such information, including but not limited to, lost profits or punitive or consequential damages even, if RSBB-I, LLC is advised of the possibility of same.
* Income from tax-exempt bonds may be subject to state and local taxes and a portion of income may be subject to the federal alternative minimum tax for certain investors.
1. The Thomson Reuters “Refinitiv Lipper Best Large Cap Value Fund over 3 Year Period” Award, (Ranked 1 out of 106 Funds in the Large Cap Value Category (the “Category”) for 2017 on 3/27/2017. Ranked 1 out of 107 in the Category for 2018 on 4/5/2018. Ranked 1 out of 108 Funds in the Category for 2019 on 3/1/2019. Ranked 1 out of 105 Funds in the Category for 2020 on 3/1/2020. Ranked 1 out of 89 in the Category for 2021 on 3/5/2021. Based on historical risk adjusted returns.)
2. The Thomson Reuters “Lipper Best Large Cap Value Fund over 5 Year Period” Award, (Ranked 1 out of 100 Funds in the Large Cap Value Category (the “Category”) for 2019 on 3/1/2019. Ranked 1 out of 100 Funds in t he Category for 2020 on 3/1/2020. Ranked 1 out of 86 Funds in the Category for 2021 on 3/5/2021. Based on historical risk adjusted returns.)
The Thomson Reuters Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk‐adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk‐adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see www.lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
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Past performance is not a guarantee of future results.