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Rating:DoubleLine Pulls in Record Flows Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 31, 2011

DoubleLine Pulls in Record Flows

Reported by Neil Anderson, Managing Editor

Ron Redell
DoubleLine Funds
This month DoubleLine Capital [see profile] is tallying record mutual fund inflows even as it fights in court with TCW. DoubleLine Funds president Ron Redell confirmed that the Los Angeles-based mutual fund firm has brought in approximately $1.5 billion in net inflows in August, crushing its prior $1 billion record from May.

"It's been an incredibly strong month for us," Redell told MFWire.com. "The financial advisor community and individual investors have seen DoubleLine as this lighthouse in the storm."

Of its $15 billion in total assets, Jeff Gundlach and his team at DoubleLine now boast about $11 billion in their mutual fund family, including $10 billion in Gundlach's flagship Total Return Bond Fund (DLTNX).

Company Press Release

LOS ANGELES, Aug. 31, 2011 -- The DoubleLine Total Return Bond Fund has reached $10 billion in assets under management, just 16 months after its launch in April 2010, DoubleLine Funds Trust and adviser DoubleLine Capital LP announced today.

Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital LP ("DoubleLine"), and Philip Barach, President of the firm, manage the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX). The open-end fund I-share class (DBLTX) is ranked number one, its N-share class (DLTNX) ranked number two, for the one-year period ending July 29, 2011 in the Morningstar's Intermediate Term Bond Fund category out of 1,161 funds, based on total returns. Both share classes in the fund ranked in the top 1% of all funds ranked for the same period(1).

DoubleLine manages mutual funds, separately managed accounts and hedge funds. Assets under management at DoubleLine now total $15 billion across a range of mortgage-backed securities, broad fixed income and multi-asset strategies.  

"Markets have been difficult and volatile since the founding of DoubleLine," Mr. Gundlach said. "We have worked very hard to meet our clients' needs, striving for capital preservation and return.  And we will continue to do so."

About DoubleLine Funds Trust

DoubleLine Funds Trust (the "DoubleLine Funds") was formed as a Delaware statutory trust on January 11, 2010 and is a registered investment company. DoubleLine Capital LP (the "Adviser") acts as the investment adviser for the Trust. A prospectus for the Funds can be obtained by calling 1-877-DLINE11 or be downloaded from the Internet at www.doublelinefunds.com.

About DoubleLine Capital LP

DoubleLine Capital LP is a fixed income investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.

The investment objectives, risks, charges and expenses of the DoubleLine Funds must be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling  1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it 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 Asset-Backed and Mortgage-Backed securities include additional risks that investor should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities.

Past Performance is no guarantee of future results.

DoubleLine Funds are distributed by Quasar Distributors Inc., LLC.

(1). Morningstar Rankings represent a fund's total-return rank relative to all funds that have the same Morningstar Category.  The highest percentile rank is 1 and the lowest is 100.  The highest absolute rank is 1 and the lowest is based on the total number of funds ranked in the category. Rankings are based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.

© 2011 Morningstar inc. All rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. 

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