Seeks long term total return.
The Fund seeks to construct an investment portfolio in emerging markets sovereign, quasi-sovereign and private (non-government) issuers with a dollar-weighted average effective duration of three years or less.
The Fund employs a value-seeking investment approach using bottom-up research process linking credit fundamentals, market valuations and portfolio strategy. The team uses research combined with proprietary scenario analysis using a wide range of possible outcomes, active portfolio management, sector rotation, and a strong sell discipline. The team applies a bottom-up approach to credit analysis, encompassing each individual issuer’s credit metrics in conjunction with economic and industry trends. The process focuses on value oriented, research driven five step process:
The Adviser has contractually agreed to waive fees and reimburse expenses through August 1, 2025. Net expense ratios are applicable to investors.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance current to the most recent month-end may be obtained by calling (213) 633-8200 or by visiting www.doubleline.com.
The performance information shown assumes the reinvestment of all dividends and distributions. Returns of less than one year are not annualized. While the fund is no-load, management fees and other expenses still apply. Index returns reflect no deduction for fees, expenses or taxes. Please refer to the prospectus for further details.
Ms. Padilla joined DoubleLine in 2009 as the Director of the Emerging Markets Fixed Income team and is the lead Portfolio Manager. In addition, she is a permanent member of the Fixed Income Asset Allocation Committee. Prior to DoubleLine, Ms. Padilla was a Managing Director at TCW. She began working at TCW in 1994, where she served in a number of roles including Credit Analyst, Director of Research, Co-Portfolio Manager, and lead Portfolio Manager. Ms. Padilla was involved in all aspects of building and managing TCW’s Emerging Markets Fixed Income business including credit, securitization, trading and marketing. She holds a B.A. in Economics from Stanford University and MBA from the University of California, Berkeley, as a fellow of the Robert A. Toigo Foundation.
Mr. Christensen joined DoubleLine in 2009 as a Portfolio Manager and Co-Director of Corporate Research on the Emerging Markets Fixed Income team. He is a contributing member on the Fixed Income Asset Allocation committee. Prior to DoubleLine, Mr. Christensen was a Managing Director at TCW since 1991, where he had been involved in building and managing TCW’s Emerging Markets Fixed Income business, including Trading, Marketing, Credit Research, and Portfolio Management. He holds a B.S. in Business Management with an emphasis in International Finance from Brigham Young University.
Ms. Koo joined DoubleLine in 2009 as an Emerging Markets Fixed Income Portfolio Manager and Co-Director of Corporate Research. She is also a member of the Fixed Income Asset Allocation committee. Prior to DoubleLine, Ms. Koo was a Senior Vice President associated with TCW since 1998. In addition to credit analysis, she was involved in marketing and, beginning in 2006, performed increasing portfolio management duties. Previous to TCW, Ms. Koo was an Assistant Treasurer at Société Générale involved in Corporate Finance and prior to that, was an Assistant Vice President with Bank of America in the Financial Institutions Group. Ms. Koo holds a B.S. in Business Administration from the University of Houston and an MBA in Finance from the University of Southern California.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contain this and other important information about the investment company and may be obtained by calling (877) 354-6311 / (877) DLINE11, or downloading from the fund document library on this website. Read them carefully before investing.
Mutual fund investing involves risk. Principal loss is possible.
Sector allocations and fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security. Portfolio holdings generally are made available 30 days after month-end by visiting www.doubleline.com. The source for the information in this report is DoubleLine Capital, which maintains its data on a trade date basis.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
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.
Derivatives involve special risks including correlation, counterparty, liquidity, operational, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments.
Investing in ETFs involves additional risks such as the market price of the shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares.
30-Day SEC Yield – Standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most-recent 30-day period covered by the fund’s filings with the SEC. The yield figure reflects the fund’s dividends and interest earned during the period after the deduction of the fund’s expenses. It is also referred to as the “standardized yield.”
DoubleLine Funds are distributed by Quasar Distributors, LLC.
