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Ultra Short Bond Fund

Video & Related Media

Ultra Short Bond Fund Webcast – Jeffrey Lee (September 2016)

Investment Objective

The Fund’s investment objective is to seek to provide a level of current income consistent with limited price volatility.

Philosophy

Preservation of capital is the cornerstone of the Ultra Short investment philosophy. Satisfaction of credit fundamentals, through extensive bottom-up credit analysis, occurs prior to considering incremental yield. DoubleLine’s distinct macroeconomic view in combination with bottom-up fundamental credit analysis is instrumental in the portfolio construction process.

Fund Facts

Retail and Institutional Class
No Load Mutual Fund

Retail N-share Inst. I-share
Ticker DLUSX DBULX
Min Investment $2,000 $100,000
Min IRA Investment $500 $5,000
Gross Expense Ratio 1.07% 0.82%
Net Expense Ratio* 0.61% 0.36%
Benchmark Bank of America Merrill Lynch 3-Month Treasury Bill Index
Fund Inception Date 6/30/2016

*The Advisor has contractually agreed to waive a portion of fees and reimburse expenses through June 29, 2018.

Investment Description

The Ultra Short Bond Fund invests primarily in Treasury bills, bank obligations, commercial paper, and repurchase agreements. The Fund may also invest in certificates of deposit, time deposits, debentures and discount notes issued by agencies of the U.S. Government, pre-refunded bonds, including pre-refunded municipal bonds, and corporate debt obligations.

  • Seeks an average effective duration of less than one year
  • 100% U.S. Dollar-denominated
  • Investment grade credits

Diversification does not assure a profit or protect against loss in a declining market.

©2017 DoubleLine

Mutual fund investing involves risk; Principal loss is possible. Investments in debt securities typically decrease in value 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 investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increase susceptibility to adverse economic developments. Investments in foreign securities may involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for investments in emerging markets. In order to achieve its investment objectives, 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 more 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 the fund’s ability to sell its shares. Investments in real estate securities may involve greater risk and volatility including greater exposure to economic downturns and changes in real estate values, rents, property taxes, interest rates, tax and other laws. A REIT’s share price may decline because of adverse developments affecting the real estate industry.

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory prospectus and summary prospectus (if available) contain this and other important information about the investment company and may be obtained by clicking here. In addition, a free hard-copy is available by calling 1 (877) 354-6311/1 (877) DLINE11. Please read the prospectuses carefully before investing.

For our Funds that are no-load mutual funds, management fees and other expenses will apply. Please refer to the prospectus for further details.

The DoubleLine Funds are offered only to United States residents, and information on this website is intended only for such persons.  Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any DoubleLine Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

DoubleLine Alternatives LP is the investment advisor to the DoubleLine Strategic Commodity Fund.  DoubleLine Capital LP is the investment advisor to each of the other DoubleLine mutual funds.  The DoubleLine mutual funds are distributed by Quasar Distributors, LLC.  DoubleLine Capital LP is the investment advisor to the DoubleLine Closed-End Funds.  Quasar Distributors, LLC. provides filing administration for the DoubleLine Closed End Funds.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

DoubleLine

333 S. Grand Ave.
18th Floor
Los Angeles
CA 90071

213.633.8200

 

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