DoubleLine Strategic Commodity Fund Webcast to Be Held Today
Portfolio Manager Jeffrey Sherman to Discuss the Fund's Allocations and Commodities Outlook
LOS ANGELES, April 26, 2016 /PRNewswire/ -- Jeffrey Sherman, portfolio manager of the DoubleLine Strategic Commodity Fund (the "Fund"), will discuss the Fund's allocation and his analysis of the commodities complex. The Fund is open to investors in I shares (DBCMX) and N shares (DLCMX).
The webcast will start at 4:15 pm Eastern/1:15 pm Pacific today Tuesday April 26. To register, please click on the following link: https://event.webcasts.com/starthere.jsp?ei=1085515
The objective of the DoubleLine Strategic Commodity Fund is to seek long-term total return. The Fund seeks to generate returns through a long-biased approach combining a strategic long-only strategy and a tactical long-short strategy, each strategy invested in commodity derivatives contracts. The Fund creates a diversified, balanced portfolio covering the agriculture, energy, industrial metals and precious metals sectors of the real assets universe.
The Fund will always allocate between 50% and 100% of Fund assets to the long-only strategy with the balance of Fund assets (i.e., 0% to 50% of Fund assets) to the long-short strategy. The rationale for the long-short strategy is to mitigate some of the volatility and downside risk of the commodities market while maintaining net long exposure of 50% to 100% to the market. Allocations in the Fund's long-short strategy are dollar-neutral: in other words, the long and short positions of the long-short strategy are in equal amounts.
Real assets can fulfill several roles in a diversified portfolio. First, commodities can diversify an investor's portfolio. Historically returns on commodities have exhibited low correlation or non-correlation to the returns of stocks and bonds, the "traditional" asset classes. Second, commodities potentially hedge against unexpected inflation. Third, an investment in commodities can generate positive returns from rising commodity prices and the shape of commodity futures term structure.
For the DoubleLine Strategic Commodity Fund prospectus, please click on this link:
http://doublelinefunds.com/documents.html
For a Fund fact sheet, please click on this link:
http://doublelinefunds.com/pdf/Commodity_Fact_Sheet.pdf
Share Class Information
I shares (DBCMX): Minimum initial investment is $100,000 for regular accounts and $5,000 for Individual Retirement Accounts (IRAs). There is no annual 12b-1 fee.
N shares (DLCMX): Minimum initial investment is $2,000 for regular accounts and $500 for IRAs. There is an annual 12b-1 fee of 0.25%.
DoubleLine Commodity LP
DoubleLine Commodity LP, a related entity of DoubleLine Capital LP, is a registered investment adviser under the Investment Advisers Act of 1940 and a registered commodity pool operator and commodity trading advisor with the U.S. Commodity Futures Trading Commission (CFTC). Its offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. Media can reach DoubleLine by e-mail at [email protected].
DoubleLine® is a registered trademark of DoubleLine Capital LP.
Disclosures:
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contains this and other important information about the fund and may be obtained by calling 1 (877) 354-6311 / 1 (877) DLINE11 or visiting www.doublelinefunds.com. Please read the prospectus 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 commodities or 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 foreign securities involves political, economic, currency risks, greater volatility and differences in accounting methods. These risks are greater for investments in emerging markets. Any index used by the Fund may not be widely used and information regarding its components and other derivative instruments based on the return of the index. ETF and ETN 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 a fund's ability to sell its shares. The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the fund to be more volatile than if leverage was not used. The Fund is non-diversified meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested.
DoubleLine Commodity LP is the investment adviser to the DoubleLine Strategic Commodity Fund. DoubleLine Capital LP is the investment adviser to each of the other DoubleLine mutual funds. The DoubleLine mutual funds are distributed by Quasar Distributors, LLC.
Diversification does not assure a profit or protect against loss in a declining market.
Correlation is a statistical measure of how two securities move in relation to each other.
SOURCE DoubleLine
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