Ultra Short Bond Fund
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Investment Objective
The Fund’s investment objective is to seek to provide a level of current income consistent with limited price volatility.
Philosophy
Preservation of capital is the cornerstone of the Ultra Short investment philosophy. Satisfaction of credit fundamentals, through extensive bottom-up credit analysis, occurs prior to considering incremental yield. DoubleLine’s distinct macroeconomic view in combination with bottom-up fundamental credit analysis is instrumental in the portfolio construction process.
Fund Facts
Retail and Institutional Class
No Load Mutual Fund
| Retail N-share | Inst. I-share | |
| Ticker | DLUSX | DBULX |
| Min Investment | $2,000 | $100,000 |
| Min IRA Investment | $500 | $5,000 |
| Gross Expense Ratio | 0.57% | 0.32% |
| Net Expense Ratio* | 0.47% | 0.22% |
| Benchmark | ICE BAML 3-Month Treasury Bill Index | |
| Fund Inception Date | 6/30/2016 | |
*The Advisor has contractually agreed to waive a portion of fees and reimburse expenses through July 31, 2019.
Investment Description
The Ultra Short Bond Fund invests primarily in Treasury bills, bank obligations, commercial paper, and repurchase agreements. The Fund may also invest in certificates of deposit, time deposits, debentures and discount notes issued by agencies of the U.S. Government, pre-refunded bonds, including pre-refunded municipal bonds, and corporate debt obligations.
- Seeks an average effective duration of less than one year
- 100% U.S. Dollar-denominated
- Investment grade credits
Diversification does not assure a profit or protect against loss in a declining market.
