DoubleLine Funds Trust will launch two open-end mutual funds today called the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Emerging Markets Fixed Income Fund (I shares DBLEX; N shares DLENX).
These funds will be managed by fixed-income asset manager DoubleLine Capital, investment adviser to DoubleLine Funds.
Jeffrey Gundlach and Philip Barach are the portfolio managers of the DoubleLine Total Return Bond Fund. In accordance with the fund's strategy, they intend to invest primarily in MBS. Their approach is to seek to maximize total return in the MBS market.
Gundlach is chief executive officer of DoubleLine Capital and lead portfolio manager of the DoubleLine Total Return Bond Fund. Barach is president of DoubleLine Capital and co-portfolio manager of the Total Return Bond Fund. Gundlach andBarach have managed MBS portfolios together for more than 20 years, including 17 years managing mutual funds.
Luz Padilla is the lead portfolio manager of the DoubleLine Emerging Markets Fixed Income Fund and head of the emerging markets fixed income team at DoubleLine Capital. In accordance with the fund strategy, Padilla intends to invest primarily in fixed-income instruments issued or backed by companies, financial institutions and government entities in emerging market countries. The fund’s approach is to seek high total return from current income and capital appreciation.
The emerging markets fixed income team led by Padilla also includes Mark Christensen, head of emerging markets corporate research, and Su Fei Koo, senior analyst. As a team, Padilla, Christensen and Koo have worked together for more than 11 years investing in emerging markets fixed-income securities.
“The fund launch will bring to investors what I believe is a unique opportunity,” said Ron Redell, president of DoubleLine Funds. “DoubleLine Funds represents a new mutual fund platform, devoted to creative, thoughtful investment insight and superior investor service, and led by a team of highly experienced investment professionals who have a long history of working together. With a wide range of eligible distributors, we look forward to helping our investors achieve their financial goals in the years to come.”