DLEUX : DoubleLine Shiller Enhanced International CAPE® Class N

Fund Summary

The investment seeks total return which exceeds the total return of its benchmark index over a full market cycle. The fund seeks total return (capital appreciation and current income) in excess of the benchmark index, the MSCI Europe Net Return USD Index, over a full market cycle. It will seek to use derivatives, or a combination of derivatives and direct investments, to provide a return that approximates the performance of the Shiller Barclays CAPE® Europe Sector Net TR NoC USD Index (the "index"). The index is currently composed of issuers in fifteen different countries, generally in Europe.