DoubleLine Opportunistic Credit Fund·Financial Services

The DoubleLine Opportunistic Credit Fund has recently dropped to trading at a bit of a discount, making it more attractive versus its historical premium levels. DBL's 9.12% distribution yield remains enticing, with improving coverage now at 71.2% NII, though not fully covering payouts from income alone. The fund takes a flexible, hybrid fixed-income strategy with a significantly diversified portfolio spread up and down the quality spectrum.

DoubleLine Opportunistic Credit Fund (NYSE: DBL - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 99,749 shares, a decrease of 26.9% from the February 26th total of 136,385 shares. Based on an average daily volume of 104,746 shares, the short-interest
DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. DoubleLine Opportunistic Credit Fund was formed on July 22, 2011 and is domiciled in the United States.
Financial Services
Asset Management
2012-01-27
0.28
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