Fund Combines Active Fixed Income Portfolio with Rules-Based Investment Strategy in REITs
The DoubleLine Real Estate and Income Fund (“the Fund”), an open-end mutual fund within the DoubleLine Funds Trust, on Dec. 17, 2021 reached the three-year anniversary of its inception date. The Fund is distributed to shareholders via two share classes: I shares (DBRIX) and N shares (DLREX).
Latest Fintech Insights: IsDBI and IFE Lab Announce Award Winners For Best Application Of Agent-based Simulation In Islamic Finance
The Fund seeks total return (capital appreciation and current income) in excess of its benchmark, the Dow Jones U.S. Select REIT Index, over a full market cycle.
The Fund invests principally in an actively managed portfolio of short-to-intermediate term fixed income securities while also investing in derivative instruments to provide exposure to the DigitalBridge Fundamental US Real Estate Index (“the Index”), a rules-based (smart-beta) index which invests in the common stocks of real estate investment trusts (REITs). Thus, investing in the Fund provides exposure to a DoubleLine managed fixed-income portfolio and the Index.
Jeffrey Gundlach, Chief Executive Officer and Chief Investment Officer of DoubleLine Capital LP, and Jeffrey Sherman, Deputy Chief Investment Officer of the firm and President of DoubleLine Alternatives LP, serve as portfolio managers of the Fund. With the contributions of DoubleLine’s fixed income investment teams (including mortgage-backed securities, Treasuries and corporate securities as well as the firm’s Fixed Income Asset Allocation Committee), Mr. Gundlach and Mr. Sherman actively manage the fixed income portfolio.
Browse The Complete News About Fintech : Easebuzz Unveils New Brand Identity Reflecting Company’s Vision of Helping a Million Businesses
The Index is rebalanced and reconstituted quarterly by applying a systematic methodology to the universe of REITs traded on the New York Stock Exchange, Nasdaq Stock Market and NYSE American which meet the Index’s minimum market capitalization ($1 billion) and average daily trading value criteria.
The Index is designed to mitigate risk, as assessed by the Index’s methodology, by focusing on characteristics that DigitalBridge views to be reliable markers of risk and screening out REITs that exhibit these characteristics. Under its methodology, the Index selects at least 25 constituents with each rebalancing or reconstitution; there is no maximum number of Index constituents. The Index excludes mortgage REITs. As of Nov. 30, 2021, the Index comprised 59 constituents selected from a selection universe of 219 REITs.
DoubleLine Alternatives, a related entity of DoubleLine Capital, is adviser to the Fund. DoubleLine Capital is sub-adviser.
Barclays Bank PLC owns the intellectual property and licensing rights related to the Index. Barclays Index Administration, a distinct function within the investment bank of Barclays Bank PLC, performs the role of index sponsor and administers the Index.
Read More About Fintech News : Northstake to Provide Staking Solutions on Concordium Blockchain
[To share your insights with us, please write to sghosh@martechseries.com]
