DLY: A Discounted Fund For Monthly Income
Apr. 18, 2021 6:41 AM ETDoubleLine Yield Opportunities Fund (DLY)https://www.google.com/amp/s/seekingalpha.com/amp/article/4419616-dly-discounted-fund-monthly-income
DLY launched at the beginning of 2020, just in time for the COVID-induced panic selling.
Since that time, the fund has clawed back and headed higher.
The fund pays an attractive monthly distribution and is traded at a discount, though is not substantially undervalued either.
This article is also comparing extensively with DSL, another DoubleLine offering that frequently gets brought up together.
Concept of business growth, profit, development and success. Hand planting seedling growing step in garden with sunshine
Photo by Galeanu Mihai/iStock via Getty Images
Written by Nick Ackerman, co-produced by Stanford Chemist
Jeffrey Gundlach is one popular fixed-income guru - sometimes referred to as the "Bond King." He has several closed-end funds that are offered from his DoubleLine investment management firm. While he is much too busy doing CNBC interviews to do the day-to-day operations of the fund, his name is attached to them. Though I'd venture to say that he doesn't really have an active role in the fund. One of these funds is the DoubleLine Yield Opportunities Fund (DLY). It was launched earlier in 2020 and has put up respectable performance compared to a basket of other multisector bond FUND
DLY investment objective is quite simple: "seek a high level of total return, with an emphasis on current income." To achieve this, the fund will "invest in a portfolio of investments selected for its potential to provide a high level of total return, with an emphasis on current income. The Fund may invest in debt securities or other income producing investments of issuers anywhere in the world, including in emerging markets, and may invest in investments of any credit quality."