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Announcements
We castNews
JeffSherman July9,2013
1:15pmPDT/4:15pmEDT
LuzPadilla July23,2013
merg ng ar e s xe ncome
1:15pmPDT/4:15pmEDT
JeffreyGundlach
September
10,
2013
o a e urn ore xe ncome
1:15pmPDT/4:15pmEDT
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WhatintheWorldis
o ng
n
e ux
LiveWebcasthostedby:
JeffreyGundlach
ChiefExecutiveOfficer
June27,2013
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HeadlineCPIYoY
Current: 1.40%
Average: 3.91%
3Data
Source:
Bureau
of
Labor
Statistics
(CPI
YOY)
CPI= ConsumerPriceIndexproducesmonthlydataonchangesinthepricespaidbyurbanconsumersforarepresentativebasketofgoodsandservices.
Aninvestmentcannotbemadedirectlyinanindex.
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USPersonalConsumptionExpenditureCorePriceIndex
Current: 1.05%
Average: 3.47%
4Data
Source:
Bureau
of
Labor
Statistics
(CPI
YOY)
CPI= ConsumerPriceIndexproducesmonthlydataonchangesinthepricespaidbyurbanconsumersforarepresentativebasketofgoodsandservices.
Aninvestmentcannotbemadedirectlyinanindex.
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WherestheInflation? GoldSpotIndex
Year
End
2007
through
June
26,
2013
Source:Bloomberg
Financial
Services,
DoubleLine
Capital
LP
GOLDS=ThegoldspotpriceisquotedinUSDollarsperTroyounce.
Aninvestmentcannotbemadedirectlyinanindex.
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WherestheInflation? CRBCommodityIndex
Year
End
2007
through
June
24,
2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
Note:TheTR/JCRBCommodityExcessReturnIndexisanarithmeticaverageofcommodityfuturespriceswithmonthlyrebalancing.
Aninvestmentcannotbemadedirectlyinanindex.
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S&PGSCICommodityIndices RecentMonths
April
30,
2013
through
June
26,
2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
Pleaseseeappendixforindexdefinitions.
Aninvestmentcannotbemadedirectlyinanindex.
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S&PGSCICommodityIndices YearToDate2013
December
30,
2012
through
June
26,
2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
Pleaseseeappendixforindexdefinitions.
Aninvestmentcannotbemadedirectlyinanindex.
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GlobalCommodityMarkets(normalized):
Gold,
Silver,
Grains,
Energy,
Softs All
in
local
CCYJune25,2012throughJune25,2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
GOLDSandSILV=thespotpriceofgoldandsilvermeasuredintroyounces.DJUBS(DJUBSGR)=DowJonesGrainsIndexcomprisedoffuturescontractsoncorn,soybeans
andwheat. DJEnergy(DJUBSEN)=DowJonesEnergyIndexcomprisedoffuturescontractsoncrudeoil,heatingoil,unleadedgasolineandnaturalgas.DJExSofts(DJUBSXSO)=DowJonesExSoftsIndexiscomprisedoffuturescontractsandphysicalcommoditiesexcludingthesoftssector.
Pleaserefertotheappendixforindexdefinitions.Aninvestmentcannotbemadedirectlyinanindex.
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GlobalFXMarkets(normalized):
EUR,JPY,AUD,GBP,CAD AllinLocalCCYJune25,2012throughJune26,2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
EUR,JPY,AUD,GBP,CAD=CurrenciesoftheEuropeanUnion(EUR),JapaneseYen(JPY),AussieDollar(AUD),BritishPoundSterling(GBP)andtheCanadianDollar(CAD)
Pleaserefertotheappendixforindexdefinitions.Aninvestmentcannotbemadedirectlyinanindex.
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GlobalEquityMarkets(normalized):
SPX,Eurostoxx,SHCOMP,NKYAllinlocalCCYJune25,2012throughJune25,2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
Pleaserefertotheappendixforindexdefinitions.Aninvestmentcannotbemadedirectlyinanindex.
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S&P500/MSCIEMIndex
June
25,
2012
through
June
25,
2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
Pleaserefertotheappendixforindexdefinitions.Aninvestmentcannotbemadedirectlyinanindex.
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BrazilIndexJanuary4,2010throughJune26,2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
IBOVIndex
=The
Ibovespa
is
aacross
total
return
index
weighted
by
traded
volume
and
is
comprised
of
the
most
liquid
stocks traded
on
the
Sao
Paulo
Stock
Exchange.
Aninvestmentcannotbemadedirectlyinanindex.
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ShanghaiIndexDecember31,2009throughJune26,2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
Note:The
Shanghai
Stock
Exchange
Composite
is
acapitalization
weighted
index
tracking
daily
price
performance
of
all
A
and
B
shares
listed
on
the
Shanghai
Stock
Exchange.ThisindexwasdevelopedDecember19,1990withabasevalueof100.
Aninvestmentcannotbemadedirectlyinanindex.
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ChinaInterbankOfferedRate:PBoCTightening
June26,2012throughJune26,2013
Source:
Bloomberg
Financial
Services,
DoubleLine
Capital
LPPBoc=PeoplesBankofChina
SHIFON=ShanghaiInterbankOfferedRateFixingpublisheddaily.Aninvestmentcannotbemadedirectlyinanindex.
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USUnemploymentRateandEmploymentto
PopulationRatio
,
,
16Source:USCensusBureau,Bloomberg,DoubleLineCapital
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30YearU.S.MortgageRatesDecember31,2007throughJune26,2013
Source:BloombergFinancialServices,Bankrate.com
ILM3NAVG=The
Overnight
National
Average
of
the
U.S.
30
year
Treasury
interest
rate.
They
help
consumers
see
the
movement
of rates
day
to
day.
Subject
to
one
daylag.
Aninvestmentcannotbemadedirectlyinanindex.
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10Yearto2YearTreasuryYieldSpreads
4%
SlopeofYieldCurve
2%
ield
to
Matu
rity
013
0%
1%
us2
YearTreasury
31,1
977
June25,2
-1%
10
YearTreasurymi
January
-3%
-2% Current: 2.20%Average: 0.90%
DataSource:Bloomberg(USYC2Y10)
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HighYield ETFDecember31,2012throughJune26,2013
21
Source:BloombergFinancialServices
JNK=SPDRBarclaysHighYieldBondETFisanexchangetradedfundincorporatedintheUSA.TheFundsseeksinvestmentresultsthatcorrespondtothepriceandyieldofthe
BarclaysHigh
Yield
Very
Liquid
Bond
Index.
Youcannotdirectlyinvestinanindex.
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ABXAAA071IndexDecember31,2007throughJune26,2013
Source:BloombergFinancialServices,DoubleLineCapitalLP
TheABX
07
1AAA
Index
is
abasket
of
home
equity.
Constituted
from
reference
obligations
issued
by
20
issuers
of
residential
mortgage
backed
securities.
Aninvestmentcannotbemadedirectlyinanindex.22
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InvestmentGradeCorporates ETFDecember31,2012throughJune26,2013
Source:BloombergFinancialServices
LQD=iSharesiBoxxInvestmentGradeCorporateBondFundisanexchangetradedfundincorporatedintheUSA.TheFundseeksresultsthatcorrespondtothepriceandyield
performanceof
asegment
of
the
US
Investment
Grade
Corporate
bond
market
as
defined
by
the
iBoxx
$liquid
Investment
Grade
Index.
Youcannotdirectlyinvestinanindex.23
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TIPS ETFDecember31,2012throughJune27,2013
Source:BloombergFinancialServices
TIP=iSharesBarclaysUSTreasuryInflationProtectedSecuritiesFundisanexchangetradedfundincorporatedintheUSA.Theindexmeasurestheperformanceof inflation
protectedpublic
obligation
of
the
US
Treasury,
also
known
as
TIPS.
Youcannotdirectlyinvestinanindex.24
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MunicipalBond ETFDecember31,2012throughJune26,2013
Source:BloombergFinancialServices
MUB=iSharesS&PNationalAMTFreeMunicipalBondFundisanexchangetradedfundincorporatedintheUSA.TheFundsseeksinvestmentresultsthatcorrespondtothe
performanceof
the
S&P
Municipal
Bond
Index,
which
tracks
municipal
bond
securities
issued
by
the
state
and
local
municipalities
whose
interest
is
exempt
form
federal
income.
Youcannotdirectlyinvestinanindex.25
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EmergingMarkets ETFDecember31,2012throughJune26,2013
Source:BloombergFinancialServices
EMB=iSharesJPMorganUSDEmergingMarketsBondFundisanexchangetradedfundincorporatedintheUSA.TheFundsseeksinvestmentresultsthatcorrespondtotheprice
andyield
of
the
JP
Morgan
Emerging
Markets
Bond
Index..
Youcannotdirectlyinvestinanindex.26
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AnnalyCapitalManagement MortgageREITDecember31,2012throughJune26,2013
27
Source:BloombergFinancialServices
NLY=Annaly
Capital
Management,
Inc.
is
areal
estate
investment
trust
which
owns
and
manages
assets
and
funds
on
behalf
of
institutional
and
individual
investors
worldwide.
Youcannotdirectlyinvestinanindex.
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IndexDescriptions
EuroStoxx (SX5E)TheEuro Stoxx 50Index,Europe'sleadingbluechipindexfortheEurozone providesabluechiprepresentationofsupersector leadersinthe
Eurozone.
Nikkei225(NKY) TheNikkei225stockaverageisapriceweightedaverageof225topratedJapanesecompanieslistedintheFirstSectionoftheTokyoStock
Exchange.
iShares(MSCIEM)iSharesMSCIEmergingMarketsIndexisanexchangetradedfundincorporatedintheUSA.TheFundseeksresultsthatcorrespondgenerallyto
thepriceandyieldperformanceoftheMSCITREmergingMarketsIndex.
Japan(G0Y0) BofAMerrillLynchJapanGovernement IndextrackstheperformanceofJPYdenominatedsovereigndebtpubliclyissuedbytheJapanese
governmentinitsdomesticmarket.
Brazil(GDBR)
Bof A
Merrill
Lynch
US
Dollar
Brazil
Sovereign
Index
racks
the
performance
of
Rial
denominated
sovereign
debt
publicly
issued
by
the
Brazilian
governmentinitsdomesticmarket.
Mexico(GDMX) Bof AMerrillLynchUSDollarMexicoSovereignIndexrackstheperformanceofPesodenominatedsovereigndebtpubliclyissuedbytheMexican
governmentinitsdomesticmarket.
n e ng on o err ync o ar n ex rac s eper ormanceo e r s oun enom na e sovere gn e pu c y ssue y
theBraziliangovernmentinitsdomesticmarket.
Russia(GDRU) Bof AMerrillLynchUSDollarRussianSovereignIndexrackstheperformanceofRubledenominatedsovereigndebtpubliclyissuedbytheRussian
governmentinitsdomesticmarket.
Germany(G0DO) Bof AMerrillLynchGermanGovernmentIndextrackstheperformanceofEurodenominatedsovereigndebtpubliclyissuedbytheGerman
governmentin
its
domestic
market.
France G0FO Bof A Merrill L nch French Government Index tracks the erformance of Euro denominated soverei n debt ublicl issued b the French
governmentinitsdomesticmarket.
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Announcements
We castNews
JeffSherman July9,2013
1:15pmPDT/4:15pmEDT
LuzPadilla July23,2013merg ng ar e s xe ncome
1:15pmPDT/4:15pmEDT
JeffreyGundlach
September
10,
2013
o a e urn ore xe ncome
1:15pmPDT/4:15pmEDT
ToReceivePresentationSlides:
You
can
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