FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. /Brendan McDermid() – DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and Exchange Commission filings on Wednesday. The Doubleline Income Fund will be overseen by Morris Chen, Andrew Hsu and Ken Shinoda, the filings said. DoubleLine, which oversees more than $130 billion in assets, declined to comment, citing a quiet period. Investors have become increasingly hungry for yield and income against the backdrop of ultra-low yields capped by central banks around the world. DoubleLine said the fund may invest in securities of any credit quality and may invest without limit in securities rated below investment-grade – securities rated Ba1 or below by Moody’s and BB+ or below by S&P and Fitch Ratings, Inc. High yield corporate bonds and certain other fixed-income instruments in which the Fund may invest are commonly known as junk bonds. The filing said: “Although the fund will normally invest principally in mortgage-backed and other asset-backed securities and CLOs, the fund may invest in other debt instruments of any kind.” Reporting by Jennifer Ablan; editing by Leslie Adler and Sonya HepinstallOur Standards:The Thomson Trust Principles.