DoubleLine Total Return Bond Fund Class N (DLTNX)

Overview

The company specializes in investment strategies focused on bonds, specifically targeting investments in both residential and commercial mortgage-backed securities as well as U.S. Treasury obligations. With a commitment to investing at least 80% of the fund's net assets (plus any borrowings for investment purposes) in bonds, the company positions itself as a conservative investment option for investors looking for steady returns. Their investment philosophy is centered on selecting high-quality securities, with a preference for those rated Aa3 or higher by Moody’s, AA- or higher by S&P, or their equivalents by any nationally recognized statistical rating organizations. They also consider unrated securities that they determine to be of similar quality based on their comprehensive analysis, thereby providing a diversified and risk-managed investment portfolio.

Products and Services

• Residential Mortgage-Backed Securities (RMBS) Investments

  These investments consist of pools of residential mortgages securitized into interests that are sold to investors. By focusing on high-quality RMBS rated Aa3 or higher by Moody’s or AA- or higher by S&P (or equivalently rated by other nationally recognized statistical rating organizations), the company aims to provide investors with a stable income while managing risk through diversification and quality assessment.

• Commercial Mortgage-Backed Securities (CMBS) Investments

  Similar to RMBS, these securities are backed by commercial mortgages rather than residential loans. The company invests in CMBS that meet the same high-quality standards, rated Aa3 or higher by Moody’s, AA- or higher by S&P, or their equivalents. This strategy is designed to offer investors a mix of relatively safe, income-generating assets that diversify their portfolios away from purely residential property exposure.

• U.S. Treasury Obligations

  As a cornerstone of conservative investment strategies, U.S. Treasury obligations provide a virtually risk-free option for investors, backed by the full faith and credit of the U.S. government. The company invests in U.S. Treasury bonds, notes, and bills that are rated at the highest levels, signifying their safety and reliability as an investment. This focus ensures that the company's portfolio is bolstered by assets with guaranteed returns, adding a layer of security for investors.