DoubleLine Equities Growth Fund Opens to Investors Portfolio Managers Husam Nazer, Brendt Stallings to Host Webcast on September 17

LOS ANGELES, Sept. 11, 2013 /PRNewswire/ -- The DoubleLine Equities Growth Fund has opened to investors the open-end stock mutual fund's I shares (DBEGX) and N shares (DLEGX).


Institutional

Retail


I-Share

N-Share

Ticker

DBEGX

DLEGX

Min Investment

$100,000

$2,000

Min IRA Investment

$5,000

$500

Gross Expense Ratio

1.40%

1.65%

Net Expense Ratio*

1.06%

1.31%

DoubleLine Equity LP will hold a webcast/conference call, led by portfolio managers Brendt Stallings and Husam Nazer, at 4:15 pm Eastern/1:15 pm Pacific Tuesday September 17, 2013 to explain the strategy of the DoubleLine Equities Growth Fund and review the performance of the DoubleLine Equities Small Cap Growth Fund.

To register for the webcast, please click here, or go to: https://event.webcasts.com/starthere.jsp?ei=1020264

"The DoubleLine Equities Growth Fund represents a portfolio of what Husam and I believe to be our best ideas," Mr. Stallings said. "So this fund has no style-box constraint regarding market capitalization; every year, great companies emerge throughout the size spectrum. In this fund, we aim to achieve performance through concentration in a relatively small number of stocks, regardless of market cap, while diversifying among different sectors."   

Mr. Nazer noted, "This Fund's holdings will depart significantly from the make-up of its benchmark, the S&P 500. If you look at the Russell Top 200 Index, more than half of the member stocks were mid-cap 10 years ago.  With our team's many years experience investing in small- and mid-cap companies, we aim to find in those waters the next large-cap successes as well as current large caps with underappreciated potential for long-term growth."

The DoubleLine Equities Growth Fund seeks long-term capital appreciation. DoubleLine Equity LP, adviser to the fund, intends to invest the fund's assets principally in equity securities of U.S. companies or foreign companies whose shares trade on a U.S. exchange or are otherwise actively traded in the U.S., including in the form of American Depository Receipts (ADRs) and American Depository Shares (ADSs). The fund may invest in some securities that may trade principally or only outside the U.S.

Under normal circumstances, the fund will hold equity securities issued by 25 to 40 companies of any capitalization. No more than 35% of the value of its net assets (plus the amount of any borrowings for investment purposes) will be invested in any single economic sector as defined by GICS.

Before its opening to the public, the DoubleLine Equities Growth Fund was launched internally on April 1, 2013.

DoubleLine Equities Growth Fund Month-End Performance

Month-End
As of August 31, 2013 

Aug
2013

Last
3-months

Since Inception
(4-1-13 to 8-31-13)

I-share (DBEGX)

-0.90%

4.86%

10.10%

N-share (DLEGX)

-0.90%

4.86%

10.00%

S&P 500

-2.90%

0.67%

5.48%

 

DoubleLine Equities Growth Fund Quarter-End Performance

Quarter-End
As of June 30, 2013 

June

Since Inception
(4-1-13 to 6-30-13)

I-share (DBEGX)

-3.52%

1.30%

N-share (DLEGX)

-3.43%

1.30%

S&P 500

-1.34%

3.37%

DoubleLine Equities Growth Fund Gross Expense Ratio: Class I 1.40%; Class N 1.65%
DoubleLine Equities Growth Fund Net Expense Ratio: Class I 1.06%; Class N 1.31%

In addition to the DoubleLine Equities Growth Fund, DoubleLine Equity LP has registered two other open-end mutual funds: the DoubleLine Equities Technology Fund (I shares DBETX/N shares DLETX), which is expected to open for public investment later this year, and the DoubleLine Equities Small Cap Growth Fund (I shares DBESX/N shares DLESX), which opened to the public on April 1, 2013.

From inception on April 1, 2013 through the end of August 2013, the DoubleLine Equities Small Cap Growth Fund (I shares) had returned 17.4%, an excess return of 640 basis points versus the Russell 2000 Growth Total Return Index.

DoubleLine Equities Small Cap Growth Fund Month-End Performance

Month-End
As of August 31, 2013 

Aug
2013

Last
3-months

Since Inception
(4-1-13 to 8-31-13)

I-share (DBESX)

-0.76%

9.51%

17.40%

N-share (DLESX)

-0.85%

9.43%

17.20%

Russell 2000 Growth Total Return Index

-1.95%

4.81%

11.00%

 

DoubleLine Equities Small Cap Growth Fund Quarter-End Performance

Quarter-End
As of June 30, 2013 

2Q2013

Since Inception
(4-1-13 to 6-30-13)

I-share (DBESX)

9.50%

9.50%

N-share (DLESX)

9.40%

9.40%

Russell 2000 Growth Total Return Index

5.25%

5.25%

DoubleLine Equities Small Cap Growth Fund Gross Expense Ratio: Class I 1.26%; Class N 1.51%
DoubleLine Equities Small Cap Growth Fund Net Expense Ratio: Class I 1.16%; Class N 1.41%
The Advisor has contractually agreed to waive fees through July 31, 2014.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance current to the most recent month end may be obtained by calling 213-633-8200 or visiting www.doublelinefunds.com.

About DoubleLine Capital LP and DoubleLine Equity LP

DoubleLine Capital LP and DoubleLine Equity LP (together with affiliates, "DoubleLine") are registered investment advisers under the Investment Advisers Act of 1940. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. Media can reach DoubleLine by e-mail at media@doubleline.com.

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contains this and other important information about the investment company, and may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11. Read carefully before investing.
*The Advisor has contractually agreed to waive fees for the DoubleLine Equities Growth Fund through July 31, 2014.

The DoubleLine  Funds may invest 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.  In order to achieve its investment objectives, the Funds 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 Funds may invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility.  Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities.  Equities may decline in value due to both real and perceived general market, economic and industry conditions.

The DoubleLine Equities Technology Fund invests in technology companies.  Investments in technology companies may be highly volatile.  Their values may be adversely affected by such factors as, for example, rapid technological change, changes in management personnel, changes in competitive environment, and changes in investor sentiment.  Many technology companies are small or mid-sized companies any may be newly organized.  The fund may also experience concentration risk.  Concentrating investments in information technology-related companies increases the risk of loss because the stocks of many or all of those companies may decline in value due to developments adversely affecting the industries in which they operate.

Diversification does not assure a profit or protect against loss in a declining market.

Definitions:
Basis point = A basis point is a unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument.
GICS = The Global Industry Classification Standard (GICS) was developed by MSCI, a premier independent provider of global indices and benchmark-related products and services, and Standard & Poor's (S&P), an independent international financial data and investment services company and a leading provider of global equity indices.
Market capitalization = Market capitalization is the market price of an entire company, calculated by multiplying the number of shares outstanding by the price per share.
The Russell 2000 Growth Total Return Index (RUO) measures the performance of the small-cap segment of the U.S. equity universe. It's a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index.
The S&P 500 = The S&P 500 is widely regarded as the best single gauge of large cap U.S. equities. There is over USD 5.58 trillion benchmarked to the index, with index assets comprising approximately USD 1.3 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.
The Russell Top 200 Index = The Russell Top 200 Index measures the performance of the 200 largest companies (63% of total market capitalization) in the Russell 1000 Index, with weighted average market capitalization of $110.5 billion.
You cannot invest directly in an index.
DoubleLine Group includes DoubleLine Capital, LP and DoubleLine Equity, LP.
DoubleLine Equity, LP is the advisor for the DoubleLine Equity Funds. The DoubleLine Equity Funds are distributed by Quasar Distributors, LLC.

SOURCE DoubleLine



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