DoubleLine Funds on Feb. 15 opened its recently launched 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, which invests in a diversified mix of fixed-income securities, stocks, real estate securities and commodities, was launched on Dec. 20. Initially seeded with internal funding, the Multi-Asset Growth Fund is DoubleLine first fund to offer a share class with a sales charge, or load.
DoubleLine Capital has assets under management including commitments of about $8 billion, including nearly $5 billion invested in the DoubleLine mutual funds.
The Los Angeles-based firm's first mutual funds were launched on April 6, 2010 with 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.
