333 S. Grand Ave., 18th Floor || Los Angeles, CA 90071 || (213) 633-8200
Live Webcast hosted by:
Jeffrey Gundlach
Chief Executive Officer
Andrew Hsu, CFA
Portfolio Manager
December 8, 2020
“No End In Sight”
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12-8-2020 Total Return Webcast
Fund Offerings
The
Funds’
investmentobjectives,risks,chargesandexpensesmustbeconsideredcarefullybeforeinvesting.Thestatutoryprospectusandsummaryprospectus(ifavailable)containsthisandotherimportantinformationabouttheFunds,anditmaybeobtainedbycalling(877)354-6311/(877)DLINE11,orvisitingwww.doublelinefunds.com.Readitcarefullybeforeinvesting.
Mutualfundinvestinginvolvesrisk;Principallossispossible.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments inAsset-Backed and Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverseeconomic developments. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. The Fund may use certain types of investment derivatives.Derivatives involve risks different from, and in certain cases, greater than the risks presented by higher-rate securities. The DoubleLine Total Return Bond Fund intends to invest more than 50% of its net assets in mortgage-backed securities of any maturity or type. The Fund therefore, potentially is more likely to react to any volatility or changes in the mortgage-backed securities marketplace.
Diversificationdoesnotassureaprofit,nordoesitprotectagainstalossinadecliningmarket.
Opinions expressed are subject to change at any time, are not forecasts and should not be considered investment advice.DoubleLine Funds are distributed by Quasar Distributors, LLC.While the Funds are no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.Fund holdings and sector allocations are subject to change and are not recommendations to buy or sell any security.
Total Return Bond Fund
Retail and Institutional Class
No Load Mutual Fund
RetailInstitutionalRetirement
N-share I-share R6-Share
TickerDLTNXDBLTXDDTRXMin Investment
$2,000 $100,000 N/A
Min IRA Investment
$500 $5,000 N/A
Gross Expense Ratio
0.73% 0.49% 0.45%
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12-8-2020 Total Return Webcast
DoubleLine Total Return Bond Fund Performance
Performancedataquotedrepresentspastperformance;pastperformancedoesnotguaranteefutureresults.Theinvestmentreturnandprincipalvalueofaninvestmentwillfluctuatesothataninvestor'sshares,whenredeemed,maybeworthmoreorlessthantheoriginalcost.Currentperformanceofthefundmaybelowerorhigherthantheperformancequoted.Performancedatacurrenttothemostrecentmonth-endmaybeobtainedbycalling213-633-8200orbyvisitingwww.doublelinefunds.com.
Benchmark: Bloomberg Barclays U.S. Aggregate Index. This index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, withindex components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported ona regular basis. It is not possible to invest directly in an index.
*
* If a Fund invested in an affiliate Fund sponsored by theAdviser during the period covered by this report theAdviser agreed to not charge a management fee to theFund in an amount equal to the investment advisory feespaid by the affiliated Fund in respect of the
Fund’s
investment in the affiliated fund to avoid duplicatecharge of the investment advisory fees to the investors.
SEC 30-Day YieldI-ShareN-Share
Gross 2.97% 2.72%Net* 2.97% 2.72%
Total Return Bond FundMonth-End Returns November 30, 20201 Month3 MonthsYear-to-DateAnnualizedGrossExpense Ratio1 Year3 Years 5 Years 10 Years
Since Inception(4-6-10 to 11-30-20)
I-share (DBLTX) 0.54% 0.51% 3.84% 3.58% 3.88% 3.42% 4.39% 5.70% 0.49%N-share (DLTNX) 0.52% 0.54% 3.60% 3.32% 3.66% 3.18% 4.14% 5.44% 0.73%Bloomberg Barclays U.S. Agg Index 0.98% 0.48% 7.36% 7.28% 5.45% 4.34% 3.71% 4.09%
Quarter-End Returns September 30, 20201 Month3Q2020Year-to-DateAnnualized1 Year3 Years 5 Years 10 yearsSince Inception(4-6-10 to 9-30-20)
I-share (DBLTX) 0.36% 1.02% 3.68% 3.47% 3.81% 3.33% 4.61% 5.78%N-share (DLTNX) 0.43% 1.05% 3.48% 3.21% 3.58% 3.08% 4.36% 5.52%Bloomberg Barclays U.S. Agg Index -0.05% 0.62% 6.79% 6.98% 5.24% 4.18% 3.64% 4.10%