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The
DoubleLine Strategic Commodity fund seeks long-term total return
through long and short exposures to commodity-related
investments, including through the use of derivatives and
leverage.
"A broad mix of commodities historically has shown low
correlations to stocks, bonds and cash. So commodities can
diversify a portfolio invested in traditional asset classes,"
portfolio manager Jeffrey Sherman said.
"In addition, commodities can serve as a hedge against
unexpected inflation. Finally, incremental returns potentially
can be obtained by exploiting the term structure of prices of
individual commodities."
Sherman is a portfolio manager for derivative-based and
multi-asset strategies at Los Angeles-based DoubleLine, which
had $76 billion in assets under management as of June 30.
The fund has two share classes. Class I shares will have a
minimum $100,000 initial investment for regular accounts and a
1.11 percent expense ratio, while Class N shares will have a
minimum $2,000 initial investment and a 1.36 percent ratio,
after fee waivers or expense reimbursements.
(Reporting by Jonathan Stempel in New York; Editing by Jennifer
Ablan and W Simon)
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