April 1st may be the opening date of a new DoubleLine Capital fund, but DoubleLine isn't kidding about betting on equities. 

The Los Angeles fund firm recently announced its first domestic stock mutual fund, which will begin open to investors as of April Fool's Day..

DoubleLine Equities Small Cap Growth Fund will invest in small-cap U.S. and foreign companies listed on the Russell 2000 Growth Index.

DoubleLine has also filed for two other mutual funds that it plans to open to investors in the coming months: DoubleLine Equities Growth Fund (I shares ticker: DBEGX; N shares ticker: DLEGX) and DoubleLine Equities Technology Fund (I shares ticker: DBETX, N shares ticker: DLETX).

Chief executive and investment officer Jeffrey Gundlach, DoubleLine Equities Small Cap Growth Fund portfolio manager Husam Nazer, and Brendt Stallings, portfolio manager to other equity strategies at the firm, will host a webcast regarding equity investing on April 1.  

DoubleLine Equities Small Cap Growth Fund seeks long-term capital appreciation, investing at least 80% of assets primarily in equity securities of small-cap companies whose shares trade on a U.S. exchange or are otherwise actively traded in the U.S. 

The fund offers I (DBESX) and N (DLESX) share classes. 

DBESX requires a minimum investment of $100,000 and a minimum IRA investment of $5,000. Its net expense ratio is 116 basis points.

DLESX requires a minimum investment of $2,000 and a minimum IRA investment of $500. Its net expense ratio is 141 bps.

DoubleLine, headed by Gundlach, the former chief investment officer of TCW, currently manages more than $53 billion in asset allocation, bond and stock strategies.

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