DoubleLine Capital LLC
, the firm started by ex-TCW chief investment officer Jeff Gundlach
after his December ouster, will launch its first two mutual funds tomorrow. The Total Return Bond
and Emerging Markets Fixed Income
are two of three mutual funds DoubleLine
filed for in January
| Jeff Gundlach |
There's no word on when DoubleLine will roll out the third fund, Core Fixed Income
The Total Return Bond comes with an expense ratio of 49 bps for Class I shares,
and 74 bps for N shares.
The Emerging Markets Fixed Income has an expense ratio of 95 bps for I shares and 120 bps for N shares.
U.S. Bancorp Fund Services
serves as administrator and transfer agent and U.S. Bank
is custodian. PricewaterhouseCoopers
serves as the independent registered public accounting firm and Cadwalader Wickersham & Taft LLP
is legal counsel.
lists the following financial intermediaries which DoubleLine anticipates will be receiving payments for distribution and related services:
Charles Schwab & Co., Inc.
Fidelity Brokerage Services LLC
Fidelity Investments Institutional Operations Company, Inc.
National Financial Services LLC
TD AMERITRADE Clearing, Inc.
TD AMERITRADE, Inc.
Wells Fargo Advisors, LLC
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