DoubleLine Opens the DoubleLine Multi-Asset Growth Fund via Load and No-Load Share Classes

LOS ANGELES, Feb. 15, 2011 /PRNewswire/ -- The DoubleLine Funds Trust ("the DoubleLine Funds") today opened the DoubleLine Multi-Asset Growth Fund to mutual fund investors via an A "load" share class (DMLAX) and an I "no-load" share class (DMLIX). The open-ended fund may invest in fixed income securities, stocks, real estate-related securities and commodities.

Jeffrey Gundlach, CEO of DoubleLine Capital LP, adviser to the DoubleLine Funds, will hold a webcast at 1:15 pm PT/ 4:15 pm ET Tuesday, March 15 to discuss the fund. Mr. Gundlach is the lead portfolio manager of the fund. After his prepared presentation, he will take questions from the attendees. Registration details will be posted Monday, February 28 on the home page of the website www.doublelinefunds.com.

DoubleLine Capital has assets under management including commitments of about $8 billion, including nearly $5 billion invested in the DoubleLine mutual funds. The first DoubleLine mutual funds were launched on April 6, 2010 with the inception of the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Emerging Markets Fixed Income Fund (I shares DBLEX; N shares DLENX). The DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX) was launched on June 1, 2010. The DoubleLine Multi-Asset Growth Fund was seeded with internal funding and launched on December 20, 2010. Multi-Asset Growth is the first DoubleLine fund to offer a share class with a sales charge, i.e. "load."

The DoubleLine Multi-Asset Growth Fund ("the Fund") is an open-ended mutual fund that seeks long-term capital appreciation by active allocation of its assets among asset classes, market sectors and specific investments. DoubleLine Capital allocates the Fund's assets in response to changing market, economic and political factors and events that the Fund's portfolio managers believe may affect the value of the Fund's investments.

The Fund's principal investments may include:

• Debt obligations of any kind;
• Equity securities of any kind;
• Real estate-related securities including real estate investment trusts (REITs), real estate operating companies, brokers, developers, and builders; property management firms; and mortgage servicing firms;
• Physical commodities and commodities indices, via exchange-traded funds (ETFs), futures contracts, options, forward contracts and securities designed to provide commodity-based exposures such as stocks of subsidiaries of the Fund that make commodity-related investments.

In addition to Mr. Gundlach, the other portfolio managers of the Fund are Bonnie Baha, Global Developed Credit team at DoubleLine; Samuel Garza, Asset Allocation; Luz Padilla, Emerging Markets Debt; and Jeffrey Sherman, Commodities.

The Fund currently offers two share classes:

*Net Expense Ratio does not include Acquired Fund Fees and Expenses and reflects the inclusion of the Advisor's commitment to waive a portion of its investment advisory fee to limit operating expenses. Please see the prospectus for additional details.

About DoubleLine Funds Trust

DoubleLine Funds Trust (the "Trust") 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 [email protected]. 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.

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 risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund invests in foreign securities which typically involve greater volatility and political, economic and currency risks then do investments in domestic securities and the issuers of which are typically subject to different accounting standards. These risks are greater for investments in emerging markets. 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 invest in securities related to real estate, which may decline in value as a result of factors affecting the real estate industry. 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 most advantageous. Investing in derivatives could lose more than the amount invested. Commodity-linked derivative instruments may involve additional costs and risks such as changes in commodity index volatility or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Investing in derivatives could lose more than the amount invested. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. The Fund is non-diversified, which means that it may concentrate its assets in a smaller number of issuers than a diversified fund.

DoubleLine Funds are distributed by Quasar Distributors, LLC.

While the I-Shares are no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.

SOURCE DoubleLine Capital LP

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