DoubleLine Funds Trust launched two open-end mutual funds: the DoubleLine Total Return Bond Fund and the DoubleLine Emerging Markets Fixed Income Fund.
The funds will be managed by fixed income asset manager DoubleLine Capital LP, investment adviser to DoubleLine Funds.
Jeffrey Gundlach and Philip Barach are the portfolio managers of the DoubleLine Total Return Bond Fund, which will primarily invest in mortgage-backed securities (MBS). Their approach is to seek to maximize total return in the MBS market.
Gundlach is Chief Executive Officer of DoubleLine Capital and has over 26 years of investment experience. Barach is President of DoubleLine Capital and has over 32 years of industry experience. Both have managed MBS portfolios together for more than 20 years, including 17 years managing mutual funds. They are supported by a large, experienced staff of portfolio managers, traders, analysts and information systems specialists devoted to the MBS sector.
Luz Padilla is the lead portfolio manager of the DoubleLine Emerging Markets Fixed Income Fund and head of the Emerging mMarkets fixed income team at DoubleLine Capital. Padilla intends to invest primarily in fixed income instruments issued or backed by companies, financial institutions and government entities in Emerging Market countries.
Padilla has over 18 years of investment experience, including over nine years as co-portfolio manager and lead portfolio manager of another mutual fund invested in Emerging Markets fixed income securities. 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.