LOS ANGELES, June 1 /PRNewswire/ -- DoubleLine Funds Trust today launched the DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX). The open-end mutual fund is managed by Lead Portfolio Manager Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital LP, adviser to the DoubleLine Funds.
The investable universe of the DoubleLine Core Fixed Income Fund ("the Fund") encompasses diverse sectors of the bond market. Investable asset classes include U.S. Government (Treasuries), Agency mortgage-backed Securities (Agency MBS), non-Agency MBS, commercial MBS, global developed credit (including investment-grade and below-investment grade corporate securities), and emerging markets debt.
"The investment professionals at DoubleLine have a long history of managing both diversified and sector-centric bond portfolios," Mr. Gundlach said. "Having launched DoubleLine's sector-centric mutual funds in April, we are pleased now to offer our sector-allocation strategy to mutual fund investors."
The public is invited to join Mr. Gundlach for a webcast presentation regarding the Fund and question-and-answer session at the following time and online location:
When: 1:15 pm PT/ 4:15 pm ET, Thursday June 3, 2010
Webcast link: http://video.webcasts.com/events/doub001/35020/
The Fund's objective is to maximize current income and total return. In pursuit of this objective, the investment team employs active sector allocation as a key strategy to manage risk and achieve excess risk-adjusted returns. The DoubleLine Capital Fixed Income Asset Allocation Committee, chaired by Mr. Gundlach and staffed by sector specialists, determines sector weightings. Sector-focused portfolio managers, supported by their analyst and trading teams, manage security selection within their respective asset classes.
In addition to Mr. Gundlach, the DoubleLine Capital Fixed Income Asset Allocation Committee ("the Committee") includes Philip Barach, President of DoubleLine; Bonnie Baha, head of Global Developed Credit; Luz Padilla, head of Emerging Markets Fixed Income; Gregory Whiteley, U.S. Government securities portfolio manager; Sam Garza, commercial MBS portfolio manager and allocation specialist; Jeffrey Sherman, allocation specialist; and Gregory Uythoven, allocation specialist.
About DoubleLine Funds Trust
DoubleLine Funds Trust (the "Trust") was formed as a Delaware statutory trust on January 11, 2010 and is a registered investment company. DoubleLine Capital LP (the "Adviser") will act as the investment adviser for the Trust. A prospectus for the Funds can be obtained by calling 1-877-DLINE11 or be downloaded from the Internet at www.doublelinefunds.com.
About DoubleLine Capital LP
DoubleLine Capital LP is a fixed income investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. Oaktree Capital Management, L.P., a premier global alternative and non-traditional investment manager, assisted DoubleLine in its startup and holds a minority ownership stake. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at email@example.com.
The investment objectives, risks, charges and expenses of the DoubleLine Core Fixed Income Fund must be considered carefully before investing. The prospectus contains this and other important information about the Fund, and it may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it carefully before investing.
Investments in debt securities typically decrease 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 investor should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. 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.
The DoubleLine Funds are distributed by Quasar Distributors, LLC.
SOURCE DoubleLine Capital LP