© 2013 Doubleline Capital LP. All rights reserved. Privacy Policy | Terms and Conditions

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company and may be obtained by clicking here. In addition, a free hard-copy is available by calling 1 (877) 354-6311 / 1 (877) DLINE11. Please read the prospectus carefully before investing.

For our Funds that are no-load mutual funds, management fees and other expenses will apply. Please refer to the prospectus for further details.

Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities.

The Emerging Markets, the Core Fixed Income Fund, the Multi-Asset Growth Fund, Total Return Bond Fund and the Low Duration Bond Fund may invest in Asset-Backed and Mortgage-Backed securities. Investments in Asset-Backed and Mortgage-Backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.

The Emerging Markets 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 Emerging Markets, the Core Fixed Income Fund, the Multi-Asset Growth Fund, Low Duration Bond Fund and the DoubleLine Equities Small Cap Growth Fund will also invest in foreign securities, which involve political, economic, and currency risks, greater volatility, and differences in accounting methods. These risks are greater for investments in emerging markets.

The Multi-Asset Growth Fund may invest in securities related to real estate, which may decline in value as a result of factors affecting the real estate industry. 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.

The Total Return Bond Fund, Low Duration Bond Fund and Core Fixed Income Fund may also invest in securities related to real estate, which may decline in value as a result of factors affecting the real estate industry.

The Multi-Asset Growth Fund and the DoubleLine Equities Small Cap Growth Fund may experience equity risk. Equities may decline in value due to both real and perceived general market, economic, and industry conditions.

In order to achieve its investment objectives, the Low Duration Bond Fund, Total Return Bond Fund, Core Fixed Income Fund, Emerging Markets Fixed Income Fund, Multi-Asset Growth Fund and the DoubleLine Equities Small Cap Growth Fund may use certain types of exchange traded funds or investment derivatives. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. 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. ETF 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 DoubleLine Equities Small Cap Growth Fund may invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility.

Doubleline Capital LP is the advisor to the DoubleLine Funds. DoubleLine Equity LP is the advisor for the DoubleLine Equity Funds. The DoubleLine Funds and DoubleLine Equity Funds are distributed by Quasar Distributors, LLC.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

333 S. Grand Ave., 18th Floor || Los Angeles, CA 90071 || (213) 633-8200
DoubleLine Funds 1(877) DLINE 11 or 1 (877) 354-6311