DoubleLine : Global Bond Fund Opens Today

LOS ANGELES, Jan. 11, 2016 /PRNewswire/ -- The DoubleLine Global Bond Fund (the "Fund") opens today to investors in the open-end mutual fund's I shares (DBLGX) and N shares (DLGBX). DoubleLine Capital LP ("DoubleLine) is Adviser to the Fund.

Jeffrey Gundlach, CEO and chief investment officer of DoubleLine, is portfolio manager of the DoubleLine Global Bond Fund. In managing the Fund, Mr. Gundlach is supported by DoubleLine's investment teams dedicated to developed and emerging markets, including in particular Luz Padilla, William Campbell, Valerie Ho and Gregory Whiteley.

The Fund's objective is to seek long-term total return. The Fund normally invests primarily in debt obligations issued by governments and governmental agencies, authorities or instrumentalities located anywhere in the world. The Fund expects to invest significantly in obligations of members of the G-20, an organization of governments comprising 20 of the major economies in the world, including in developed and emerging markets.

Under normal conditions, the Fund will have significant exposure to foreign currencies. This may be achieved by investing in bonds denominated in local currencies and by investing directly in currencies or currency-related instruments such as forward contracts.

"The investment teams at DoubleLine have deep experience managing non-dollar investments as well as foreign bonds. The question was not if but when we would offer our global bond strategy," Mr. Gundlach said. "From December 2009 through November 2015, by tactical policy, DoubleLine invested its long-only bond portfolios exclusively in securities denominated in the U.S. dollar, including bonds of non-U.S. issuers. With the dollar having rallied so sharply in recent years, non-dollar-denominated assets now have much greater value than at any time since the founding of DoubleLine. So we internally launched the DoubleLine Global Bond Fund last month and today opened the Fund to investors."

Webcast

A webcast on the Fund will be held at 4:15 pm Eastern January 19, 2016. To register for the webcast, please click on the following link: https://event.webcasts.com/starthere.jsp?ei=1088415

Share Class Information

I shares (DBLGX): Minimum initial investment is $100,000 for regular accounts and $5,000 for Individual Retirement Accounts (IRAs). There is no annual 12b-1 fee.

N shares (DLGBX): Minimum initial investment is $2,000 for regular accounts and $500 for IRAs. There is an annual 12b-1 fee of 0.25%.

About DoubleLine Capital LP

DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940, acts as the investment adviser for the Fund. As of the December 31, 2015 end of the fourth quarter, DoubleLine Capital and its related companies ("DoubleLine") managed $85 billion in assets across all vehicles, including open-end mutual fund, closed-end fund, exchange-traded fund, hedge fund, variable annuity, UCITS and separate account. DoubleLine's offices can be reached by telephone at [phone] or by e-mail at [e-mail]. Media can reach DoubleLine by e-mail at [e-mail]. DoubleLine(®) is a registered trademark of DoubleLine Capital LP.

The Fund's investment objectives, risk, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contains this and other important information about the Fund and may be obtained by calling 1(877)354-6311 / 1(877)DLINE11 or visiting www.doublelinefunds.com. Please read the prospectus carefully before investing.

Mutual fund investing involves risk; Principal loss is possible. Investments in debt securities typically decrease 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. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible liquidity and default as well as increased susceptibility to adverse economic developments. Investments in foreign securities, which involve political, economic, and currency risks, greater volatility, and differences in accounting methods. These risks are greater for investments in emerging markets. The Fund may use certain types of exchange traded funds or investment derivatives. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. ETF investments involve additional risks such as the market price trading at a discount to its net asset value, 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. The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the fund to be more volatile than if leverage was not used.

The DoubleLine Funds are distributed by Quasar Distributors, LLC.

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SOURCE DoubleLine