DoubleLine Fund webcast slides on offerings for a rising interest rate environment.

U.S. Treasury Trends

December 31, 2009 through March 22, 2016

Interest Rate Environment

2s10s Spread and Fed Hiking Cycles

As of February 29, 2016

Interest Rate Environment

Probability of Another Interest Rate Hike by Jun, Sept & Dec 2016

As of March 22, 2016

Interest Rate Environment

Central Bank Policy Rates

January 1, 2006 through March 22, 2016

Interest Rate Environment

Market Implied Central Bank Expectations

As of March 22, 2016 through Expected Year-End 2016

Interest Rate Environment

PriceStats U.S. Consumer Price Index Percent YoY

April 9, 2012 through March 19, 2016

Interest Rate Environment

U.S. Breakevens and WTI

March 23, 2013 to March 22, 2016

Interest Rate Environment

See full slides below.