DoubleLine Total Return Bond Fund Raises $1 Billion Within First Quarter of its Debut

Jun 25, 2010, 10:02 ET from DoubleLine Capital LP

LOS ANGELES, June 25 /PRNewswire/ -- Net assets in the DoubleLine Total Return Bond Fund have surpassed $1 billion, less than three months since its inception on April 6, the DoubleLine Funds Trust announced today.

"The raising of more than $1 billion in the DoubleLine Total Return Bond Fund within its first quarter of operations marks a significant milestone," said Ron Redell, President of the DoubleLine Funds Trust. "On behalf of DoubleLine, I would like to thank the investors who have entrusted our team with their capital. I also wish to thank our business partners, including the many financial advisors and distributors who have recommended and carried the funds. We are excited by the opportunity you have given us to compete based on skill, passion and hard work."

Jeffrey Gundlach, CEO of DoubleLine Capital LP, and Philip Barach, President of the firm, manage the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX). The open-end fund invests primarily in mortgage-backed securities (MBS). Mr. Gundlach serves as lead portfolio manager of the fund; Mr. Barach serves as co-portfolio manager. Mr. Gundlach and Mr. Barach have managed MBS portfolios together for more than 20 years. The fund was launched on April 6.

In addition to the DoubleLine Total Return Fund, the Trust Funds offers two other open-end mutual funds: DoubleLine Emerging Markets Fixed Income Fund (I shares DBLEX; N shares DLENX) and the DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX).

DoubleLine Emerging Markets Fixed Income Fund (I shares DBLEX; N shares DLENX) invests primarily in fixed income instruments issued or backed by companies, financial institutions and government entities in Emerging Market countries. Luz Padilla is the Lead Portfolio Manager of the fund. Ms. Padilla has over 18 years of investment experience.  The investment approach integrates bottom-up fundamental credit and valuation analysis with global and industry diversification.  The fund was launched on April 6.

DoubleLine Core Fixed Income Fund invests across diverse sectors of the bond market.  These include U.S. Treasuries, MBS, commercial MBS, global developed credit (including investment-grade and below-investment grade corporate securities), and emerging markets debt. Mr. Gundlach serves as lead portfolio manager. Active sector allocation is a key risk-management and investment strategy. Mr. Gundlach determines the sector weightings in consultation with an allocation committed staffed by sector specialists. Sector-focused teams manage security selection within their respective asset classes. The fund was launched on June 1.

The lead portfolio managers and co-portfolio managers of DoubleLine funds are supported by a large, experienced staff of portfolio managers, traders, analysts and information systems specialists.  

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") acts 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 info@doubleline.com.

The investment objectives, risks, charges and expenses of the DoubleLine Total Return Bond Fund, the DoubleLine Core Fixed Income Fund and the DoubleLine Emerging Markets Fixed Income Fund must be considered carefully before investing. The prospectus contains this and other important information about the investment company, 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 Emerging Markets Fixed Income Fund is non-diversified meaning it may concentrate its assets in fewer individual holdings than a diversified fund.  Therefore, the Fund is more exposed to individual holdings volatility than a diversified fund.  The Emerging Markets Fixed Income Fund will and the Core Fixed Income Fund may invest in foreign securities, which involve political, economic, and currency risks, greater volatility, and differences in accounting methods.  These risks are greater for investments in emerging markets. The Funds may not be suitable for all investors, who should carefully review the prospectus before investing.

DoubleLine Funds are distributed by Quasar Distributors, LLC.

©2010 DoubleLine Capital, LP and DoubleLine Funds Trust

SOURCE DoubleLine Capital LP



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