DoubleLine Long Duration Total Return Bond Fund Class I (DBLDX)

Overview

The fund is designed to achieve long-term total returns by focusing on capital growth and current income. This objective is pursued through investments primarily in debt securities across a broad spectrum. With a strategic approach to maintain a dollar-weighted average effective duration of at least ten years, the fund positions itself to benefit from both short and long-term bond market movements. By opting to invest in a mix of fixed income and other income-producing instruments that are either rated investment grade or considered of comparable credit quality by the adviser, the fund aims to ensure a stable and reliable income stream for its investors. Additionally, the fund allocates up to a quarter of its assets to obligations in emerging markets, which introduces a calculated level of risk with the potential for higher returns, diversifying its portfolio and seeking opportunities for growth beyond traditional markets.

Products and Services

• Investment in Debt Securities:

  The core of the fund's strategy is its investment in debt securities of various forms. This includes bonds, debentures, and other debt instruments issued by governmental or corporate entities. The focus on debt securities allows for a predictable income stream through interest earnings, contributing to the fund’s goal of providing current income to its investors.

• Dollar-Weighted Average Effective Duration:

  With a strategy to maintain a dollar-weighted average effective duration of at least ten years, the fund takes a long-term view on its investments. This approach helps in mitigating interest rate risk and aligning with the fund’s objective of achieving long-term total return. It strategically positions the portfolio to benefit from the fixed income market's dynamics over a broader time horizon.

• Fixed Income and Income-Producing Instruments:

  The fund primarily invests in fixed income and other income-producing instruments that are rated as investment grade or unrated but considered of comparable credit quality. This includes corporate bonds, government securities, municipal bonds, and other income-generating financial instruments. This strategy ensures the fund’s investments are diversified and focuses on securities that offer a stable and reliable return, enhancing the portfolio’s quality and the potential for income.

• Emerging Market Investments:

  Up to 25% of the fund’s total assets may be allocated to obligations of governments or private obligors in emerging market countries. This segment of the portfolio aims to tap into the growth potential of emerging markets, offering higher yield opportunities albeit with a higher risk profile. This investment in emerging markets serves to diversify the portfolio further and seeks to exploit the growth dynamics of these economies for the benefit of the fund's investors.