MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 24, 2024 Redell Celebrates an EM Fund's 1st Decade The team at a 15-year-old, Southern California asset manager are celebrating the china anniversary of one of their international funds.
"On one hand, the Fund is worthy of consideration by those who regard EM fixed income as an asset class offering diversification benefits and undergoing a secular evolutio of improing credit quality, but they seek their exposure actively manageed to lower duration and with bottom-up credit underwriting," Redell states. "On the other hand, the Fund might appeal to other investors who are seeking the potential for a yield pickup in their short-duration allocations." The DoubleLine Low Duration Emerging Markets Fund's inception date was April 7, 2014. It is a series of DoubleLine Funds Trust. As of June 30, 2024, the DoubleLine Low Duration Emerging Markets Fund had about $152 million in AUM. The mutual fund comes in two flavors: I shares (DBLLX) with an expense ratio of 59 basis points; and N shares (DELNX) with an expense ratio of 84bps. Both expense ratios bake in a 15bps fee waiver promised through August 1, 2025. DoubleLine Capital serves as the fund's investment advisor. The fund's PM team (since inception) includes: Mark Christensen, portfolio manager and senior credit analyst; Su Fei Koo, PM and senior credit analyst; and Luz Padilla, director of international fixed income. The ten-year-old fund's other service providers include: PricewaterhouseCoopers LLP as independent accounting firm; ACA Foreside's Quasar Distributors, LLC as distributor; Ropes & Gray LLP as counsel; and U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, custodian, fund accountant, and transfer agent. Printed from: MFWire.com/story.asp?s=67690 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
