Jeffrey Gundlach to Hold Webcast Today on the DoubleLine Total Return Bond Fund
Fund Has Outperformed Benchmark & Peer Group Average with Less Volatility since Inception
LOS ANGELES, March 13, 2018 /PRNewswire/ -- Jeffrey Gundlach, CEO of DoubleLine Capital LP, adviser to the DoubleLine Funds, today will hold a webcast, titled "Inflation is Inflationary," on the DoubleLine Total Return Bond Fund and related market views.
The DoubleLine Total Return Bond Fund (I shares: DBLTX; N shares DLTNX) is an open-end mutual fund which invests primarily in mortgage-backed securities (MBS). The fund is categorized by Morningstar, the independent fund rater and researcher, as an open-end intermediate-term bond fund. The fund is benchmarked to the Bloomberg Barclays US Aggregate Bond Index.
The webcast will start at 4:15 pm Eastern/1:15 pm Pacific today (Tuesday March 13). To register for the webcast, please click here:
https://event.webcasts.com/starthere.jsp?ei=1170334&tp_key=a6ebda91cb
For a 2-page fact sheet on the DoubleLine Total Return Bond Fund, please click here:
https://doublelinefunds.com/wp-content/uploads/total-return-bond-fund-fact-sheet.pdf?c=1520873017
Standardized Performance
Periods Ended December 31, 2017 |
4Q2017 |
1-Year |
3-Year Annualized |
5-Year Annualized |
Since Inception Annualized (4-6-2010 to 12-31-2017) |
I-share |
0.23% |
3.79% |
2.76% |
2.98% |
6.38% |
N-share |
0.16% |
3.44% |
2.47% |
2.71% |
6.12% |
Bloomberg Barclays US Aggregate Bond Index (Benchmark) |
0.39% |
3.54% |
2.24% |
2.10% |
3.58% |
Morningstar Intermediate- Term Bond Average |
0.31 % |
3.80% |
2.24% |
2.10% |
3.76% |
I-Share |
N-Share |
|
Gross Expense Ratio |
0.48% |
0.73% |
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 213-633-8200 or by visiting www.doublelinefunds.com.
Excess Return with Less Volatility
The DoubleLine Total Return Bond Fund has delivered excess returns over the Bloomberg Barclays US Aggregate Bond Index and the average return for Morningstar's intermediate-term bond fund category since the fund's inception eight years ago and over trailing five- and three-year periods, commonly used timeframes for evaluating fund performance.
The fund delivered those excess returns while experiencing less overall volatility, as measured by standard deviation of return, resulting in a higher Sharpe ratio than the benchmark and peer group average. The Sharpe ratio is a reward-to-risk measure which compares a fund's return to the volatility of that return. Thus higher Sharpe ratios indicate strong risk-adjusted performance versus lower Sharpe ratio.
The fund also experienced smaller maximum drawdowns than the benchmark and peer group average for the since-inception, five-year and three-year periods. Maximum drawdown is an index or asset's worst peak-to-trough return over a given time period, calculated as a percentage.
Since-Inception Risk-Adjusted Performance
April 7, 2010 through February 28, 2018 |
Total Return (Annualized) |
Standard Deviation (Annualized) |
Sharpe Ratio Annualized |
Maximum Drawdown |
I-share |
6.10% |
3.10% |
2.67 |
-3.97% |
Bloomberg Barclays US Aggregate Bond Index |
3.23% |
3.94% |
1.10 |
-4.87% |
Morningstar Intermediate- Term Bond Fund Average |
3.63% |
3.69% |
1.37 |
-5.13% |
Past performance does not guarantee future results. |
5-Year Risk-Adjusted Performance
March 1, 2013 through February 28, 2018 |
Total Return (Annualized) |
Standard Deviation (Annualized) |
Sharpe Ratio Annualized |
Maximum Drawdown |
I-share |
2.56% |
2.36% |
0.93 |
-3.08% |
Bloomberg Barclays US Aggregate Bond Index |
1.71% |
2.92% |
0.48 |
-3.67% |
Morningstar Intermediate- Term Bond Fund Average |
1.91% |
2.95% |
0.54 |
-4.08% |
Past performance does not guarantee future results. |
3-Year Risk-Adjusted Performance
March 1, 2015 through February 28, 2018 |
Total Return (Annualized) |
Standard Deviation (Annualized) |
Sharpe Ratio Annualized |
Maximum Drawdown |
I-share |
2.01% |
1.94% |
0.75 |
-1.87% |
Bloomberg Barclays US Aggregate Bond Index |
1.14% |
2.68% |
0.23 |
-3.28% |
Morningstar Intermediate- Term Bond Fund Average |
1.43% |
2.66% |
0.34 |
-3.05% |
Past performance does not guarantee future results. |
About DoubleLine Capital LP
DoubleLine Capital LP is a registered investment adviser under the Investment Advisers Act of 1940. DoubleLine's offices in Los Angeles 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.
Definitions:
Bloomberg Barclays U.S. Aggregate Index – The index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the US investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. It is not possible to invest in an index.
Maximum Drawdown - The peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the trough.
Standard Deviation - A measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Calculated by the square-root of the variance.
Sharpe Ratio - A reward-to-variability ratio and a measure of the excess return (or Risk Premium) per unit of risk in an investment asset or a trading strategy.
Morningstar Intermediate Term Bond Fund Category Average - represents an average of all of the funds in the Morningstar Intermediate Term Bond Fund Category
It is not possible to invest directly in an index.
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.
The DoubleLine Funds are distributed by Quasar Distributors, LLC.
SOURCE DoubleLine
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