DoubleLine Core Fixed Income Fund Class I (DBLFX)

Overview

The company operates as an investment fund, focusing primarily on allocating its resources into a broad spectrum of fixed income instruments. With a strategic emphasis on diversifying its investment portfolio, the fund is committed to deploying at least 80% of its net assets, in addition to borrowings intended for investment purposes, into a variety of fixed income securities. Driven by a calculated approach to risk and return, the fund also explores investment opportunities in more speculative ventures, including junk bonds, bank loans, and credit default swaps, targeting instruments that, despite being rated below investment grade or unrated, are considered by the advisor to hold comparable quality to more traditional fixed income assets.

Products and Services

The fund offers several types of investment products, each designed to meet different investor needs and risk profiles:

• Fixed Income Instruments:

  A primary focus of the fund, these instruments include bonds and other securities that promise to return a fixed amount over time. The fund invests the majority of its assets in these stable and reliable sources of income, aiming to ensure a solid financial base and consistent returns for its investors.

• Junk Bonds, Bank Loans, and Assignments:

  Targeting a segment of the market that carries a higher risk but potentially higher rewards, the fund allocates up to 33⅓% of its net assets in these types of investments. Junk bonds, bank loans, and assignments rated below investment grade or unrated by traditional measures are nonetheless considered by the adviser to possess a level of quality and potential for return that makes them a valuable component of the fund's diversified portfolio.

• Credit Default Swaps (CDS) of Companies in the High Yield Universe:

  As part of its strategy to maximize returns and manage risk, the fund may invest in credit default swaps, specifically targeting companies within the high yield universe. By including these instruments, which provide protection against credit events or serve as a tool for speculation on a company's creditworthiness, the fund aims to leverage market conditions and volatility to the advantage of its investors.

• Defaulted Corporate Securities:

  In its quest to explore all avenues for potential return, the fund reserves the right to invest up to 5% of its net assets in corporate securities that have defaulted. This segment represents a speculative approach, where securities that have fallen significantly in value due to financial distress or bankruptcy are considered for inclusion based on a comprehensive evaluation of potential recovery and return.