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The Bond King comes to CI

CI Investments is excited to bring Jeffrey Gundlach’s DoubleLine funds to Canada for the exclusive benefit of our clients.

Through CI’s partnership with money management firm DoubleLine, clients can now access three new funds powered by industry legends. DoubleLine’s portfolio managers have actively managed fixed income portfolios through numerous credit and market cycles. Their strategies have proven performance, and their reputation in fixed income is unparalleled.

CI DoubleLine Total Return Bond US$ Fund

Offers investors the potential for higher yields and lower volatility than traditional bond funds.

CI DoubleLine Core Plus Fixed Income US$ Fund

Offers investors the potential to achieve positive real yields and returns in any market.

CI DoubleLine Income US$ Fund

Offers investors the potential to generate higher yields and lower correlation than traditional bond funds.

Legendary Managers

DoubleLine Capital LP (“DoubleLine”) is an independent, employee-owned money management firm with over US$150 billion in combined assets under management invested across a wide array of investment strategies. The firm’s fixed-income portfolio management team averages 23 years of industry experience and 17 years of working together and have managed fixed income portfolios through numerous credit and market cycles.

Jeffrey Gundlach

Jeffrey Gundlach, Chief Executive Officer & Chief Investment Officer of DoubleLine

Jeffrey Gundlach is the Chief Executive Officer of DoubleLine. He is recognized as an expert1 in bonds and other debt-related investments. In 2011, he appeared on the cover of Barron's as "The New Bond King."  In 2012, Bloomberg Markets magazine named him one of the "50 Most Influential.” In 2013, Mr. Gundlach was named "Money Manager of the Year" by Institutional Investor. In 2015, Bloomberg Markets magazine again named him one of the "50 Most Influential.” Mr. Gundlach is a graduate of Dartmouth College, summa cum laude, with degrees in Mathematics and Philosophy.

Jeffrey Sherman

Jeffrey Sherman, CFA, Deputy Chief Investment Officer

As DoubleLine’s Deputy Chief Investment Officer, Jeffery Sherman oversees and administers DoubleLine’s Investment Management sub-committee, coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. He is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. He can be heard regularly on his podcast, “The Sherman Show” (@ShermanShowPod), where he interviews distinguished guests and gives listeners insight into DoubleLine’s current views.

In 2018, Money Management Executive named Jeffery Sherman as one of “10 Fund Managers to Watch” in their yearly special report2. Prior to joining DoubleLine in 2009, He was a Senior Vice President at TCW Investment Management where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios.

Mr. Sherman was a statistics and mathematics instructor at both the University of the Pacific and Florida State University. He taught Quantitative Methods for Level I candidates in the CFA LA/USC Review Program for many years. He holds a BS in Applied Mathematics from University of the Pacific and an MS in Financial Engineering from the Claremont Graduate University. He is also a CFA® charterholder.

Andrew Hsu

Andrew Hsu, CFA, Portfolio Manager, Structured Products

Andrew Hsu, CFA, Portfolio Manager, Structured Products Mr. Hsu joined DoubleLine at its inception in 2009. He is a portfolio manager for the DoubleLine Total Return and ABS/Infrastructure Income strategies. Mr. Hsu is a permanent member of the Fixed Income Asset Allocation and Structured Product Committees. Prior to that, he was responsible for analysis and trading of structured products where his focus included Residential MBS and ABS transactions.

Mr. Hsu’s responsibilities have also included structuring and negotiating terms on new issue transactions and forming strategic partnerships with issuing entities in order to participate in key transactions. Prior to DoubleLine, he worked at TCW, where he focused on credit analysis for structured product securities and co-managed two structured product funds focusing on debt and equity investments. During this time, Mr. Hsu was actively involved with portfolio management decisions and investment analysis, including reverse engineering complex CDO/CLO structures. He holds a BS in Finance from the University of Southern California and is a CFA® charterholder.

1 Money News on May 26, 2011: Headline of the story: Bond Expert Gundlach: Housing Collapse to Spark Second Financial Meltdown. Morningstar on January 5, 2012: "...Jeffrey Gundlach, a high-profile fixed-income expert...”

2 Money Management Executive, 10 Fund Managers to Watch. Managers were chosen based on factors including long-and short-term performance in their specific categories, individual strategies and their length of time in the business. All funds considered were led by single managers

Why We Partnered with DoubleLine?

DoubleLine is an independent, employee-owned money management firm headquartered in Los Angeles, California. Their strategies have proven performance, their culture is one of honesty, communication and accountability, and their managers are industry legends. In fact, their highly experienced portfolio managers have worked together for an average of 15 years, actively managing fixed income portfolios through numerous credit and market cycles. We chose to partner with them for all of these reasons, plus:

  1. Unparalleled reputation and expertise in fixed income
  2. Experienced management teams led by fixed income legend Jeffrey Gundlach
  3. Proven performance through credit cycles

Awards and Accolades

DoubleLine

  • DoubleLine was named Risk Magazine’s “Institutional Investor of the Year” for Shiller Enhanced CAPE® in 20161
  • The DoubleLine team was recognized with Institutional Investor’s “U.S. Fixed Income—Mortgage Backed Securities” award in 2013, 2014 and 20162
  • Named Risk Magazine’s “Asset Manager of the Year”3 in 2015
  • Awarded “Bond Manager of the Year” by Foundations & Endowments Money Management in 20114

DoubleLine’s Deputy CIO, Jeffrey Sherman

  • 2020 Jeffrey Sherman’s, “The Sherman Show” podcast (@shermanshowpod) named one of the “10 Must-Listen Podcasts” by Business Insider
  • Named one of “Ten Managers to Watch” by Money Management Executive in 20185

DoubleLine’s Founder, Jeffrey Gundlach

  • 2017 Inducted into the FIASI Fixed Income Hall of Fame6
  • 2016, 2015 and 2012 Named to Bloomberg Markets’ magazine7 “50 Most Influential”
  • 2014 Named one of Forbes8 “Most Powerful People”
  • 2013 Named Institutional Investor’s9 “Money Manager of the Year”
  • 2011 Named “Fund Leader of the Year” by Fund Action10
  • 2011 Named to Fortune Magazine’s Investor’s Guide11 “Mutual Fund All-Stars”
  • 2009 Lead portfolio manager, was a nominee for Morningstar’s “Fixed Income Manager of the Decade”12

1Risk Magazine Institutional Investor of the Year - Banks and other service providers are encouraged to nominate investors that have made significant gains through their use of structured derivatives, who can demonstrate best practices in risk management using innovative structures, or who have executed an innovative trade.

2Institutional investor U.S. Fixed Income - Mortgage Backed Securities award winners are chosen by the editorial staff of Institutional Investor magazine based on their market intelligence, performance data and additional information received from the industry following a public call for nominations.

3Winners of the Risk Awards in the end-user categories were nominated because they demonstrate best practice in risk management/derivatives trades, have made significant improvements to risk management, have executed an innovative trade or, in the case of hedge funds, posted good returns in a difficult environment.

4Foundations & Endowments - The manager awards recognize several achievements, such as innovative investment strategies, attentive client service and an effort to find solutions tailored to nonprofits.

5Money Management Executive, 10 Fund Managers to Watch. Managers were chosen based on factors including long-and short-term performance in their specific categories, individual strategies and their length of time in the business. All funds considered were led by single managers.

62017, Fixed Income Analysts Society, Inc. (FIASI), Fixed Income Hall of Fame. In 1995, the Fixed Income Analysts Society established a Hall of Fame to recognize the lifetime achievements of outstanding practitioners in the advancement of the analysis of fixed-income securities and portfolios. Inductees will have made major contributions to the advancement of fixed-income analysis and portfolio management. These contributions may be academic, business-related or FIASI-related. The Board of Directors determines the annual inductees.

7Bloomberg Markets 50 Most Influential magazine editors ask reporters and editors to submit candidates. A panel of senior editors vets and votes, narrowing the field to 50. The editors are people who drive some of the major trends sweeping the world of finance. They rely on the rankings, profiles, and cover stories they publish throughout the year in Bloomberg Markets. #19, #21, and #22.

8Forbes Most Powerful list measuring power in four dimensions: 1) Power over many other people, 2) Financial resources controlled by each person measuring company’s assets and revenues. 3) Powerful in multiple spheres or areas 4) Candidates actively using that power. A panel of Forbes editors ranked all candidates in each of these four dimensions of power, and those individuals rankings were averaged into a composite score. 69 of 74.

9Institutional Investor’s Money Manager of the Year award- Manager winners are selected by the editors of the magazine based on the results of a survey conducted of U.S. institutional investors.

102011, Mutual Fund Industry Awards (Fund Action), Fund Leader of the Year. The Fund Leader of the Year is awarded to an individual who has made a key impact on his firm or the industry as a whole. This person will be the driving force behind a product or initiative that helps to turnaround his firm’s fortunes, increase assets or have industry-wide implications.

11Fortune Mutual Fund All Stars recognize performers who were screened to make sure they ranked in the top 20% of peers, over five year period according to Morningstar.

122009, Morningstar, Finalist for Fixed Income Manager of the Decade. Manager of the Decade award considers the risks assumed to achieve those results and takes into account the strength of the manager, strategy and firm’s stewardship.

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Important Disclaimers

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.

CI Investments Inc. is a subsidiary of CI Financial Corp., which is listed on the Toronto Stock Exchange under the symbol “CIX”. ®CI Financial is a registered trademark of CI Investment Inc., used under license.

DoubleLine Capital LP (“DoubleLine”) is the portfolio sub-adviser to the certain funds offered and managed by CI Investments Inc. DoubleLine’s head office is located in Los Angeles, California, United States.

DoubleLine®, the DoubleLine logo, the DoubleLine Funds logo and The Sherman Show logo are all registered trademarks of DoubleLine Capital LP

CI Investments® and the CI Investments design are registered trademarks of CI Investments Inc. “Trusted Partner in Wealth™” is a trademark of CI Investments Inc.

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