Doubleline Opportunistic Cred:DBL

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$19.96$19.711.27%
    52 Wk Avg$19.46$19.48-0.10%
    52 Wk High$20.35$19.873.63%
    52 Wk Low$18.51$18.97-4.77%
    Regular Distribution TypeIncome Only
    Distribution Rate6.61%
    Distribution Amount$0.1100
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments. Under normal circumstances, the Fund will invest at least 80% of its total assets in debt securities, convertible securities, loans and other securities or instruments that provide investment exposure to the credit of an issuer, obligor or counterparty, including through credit default swaps and other derivatives. The Fund normally expects to invest at least 50% of its total assets in mortgage-backed securities of any kind and will normally invest at least 25% of its total assets in privately-issued (commonly known as non-agency) mortgage- and asset-backed securities. The Fund may invest the remainder of its portfolio in, among other things, other debt securities or income-producing investments of any kind, based on the assessment by DoubleLine of the potential returns and risks of different sectors of the debt security markets and of particular securities. DoubleLine currently expects the portfolio will initially be 100% invested in mortgage-backed securities, some or all of which may be rated below investment grade or unrated but judged by DoubleLine to be of comparable quality (although there can be no assurance whether or for how long the portfolio will be invested in that manner). Exposures to mortgage-backed securities through derivatives or other financial instruments may be considered investments in mortgage-backed securities for these purposes.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$356.098M
    Total Common Assets:$295.098M
    Common Shares Outstanding:14,972,014
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $61.000M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $61.000M
    Effective Leverage (%): 17.13%
    Annual Expense Ratios

    As of 9/30/2020

      Per Common Share
    Management Fees1.24%
    Other Expenses:0.21%
    Baseline Expense: N/A
    Interest Expense:0.45%
    Total: 1.90%
    Fund Management

    Fund Sponsor
    DoubleLine

    Portfolio Managers
    Philip A. Barach, Jeffrey E. Gundlach

    Basics
    Category: Fixed Income - Taxable-Multi-Sector
    Ticker: DBL
    NAV Ticker: XDBLX
    Average Daily Volume (shares): 40,480
    Average Daily Volume (USD): $0.787M
    Inception Date: 1/27/2012
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: September 30
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 3/31/2021
    $0.7219
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.70%
    Total Return on NAV (12 months):
    As of 6/11/2021
    14.73%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    4.62%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    17.13%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month0.51%
    1 Year-0.10%
    3 Year0.19%
    5 Year3.20%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.23
    6 Month0.62
    1 Year0.93
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Multi-Sector

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.64%3.64%10.30%3.92%
    20201.98%1.95%4.14%7.03%
    201916.75%10.56%20.20%12.36%
    2018-5.96%1.15%-2.48%-0.11%
    20174.94%6.87%15.45%15.37%
    2016-0.93%6.31%18.87%13.10%
    201514.47%7.62%-0.90%1.45%
    201422.42%15.59%9.02%9.41%
    2013-10.15%0.38%3.03%7.45%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Multi-Sector

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    4.62%
    Number of Holdings:
    As of 4/30/2021
    386
    Annual Portfolio Turnover:
    As of 9/30/2020
    29.00%
    Average Bond Price:
    As of 4/30/2021
    $91.57
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Securitized (Super Sector)80.89%
    Asset Backed31.48%
    Agency Mortgage Backed20.65%
    Government Commercial Mortgage Backed19.97%
    Non Agency Residential Mortgage Backed8.80%
    Corporate (Super Sector)7.57%
    Bank Loan7.03%
    Cash Equivalents (Super Sector)6.65%
    Cash Equivalents6.65%
    Government4.63%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    United States Treasury Notes 0.38%$16.29M4.63%
    Government National Mortgage Association 3%$8.17M2.32%
    Bcap Llc Trust 4.85%$6.69M1.90%
    Pnmac Gsmr Issuer Trust 2.46%$5.77M1.64%
    BEECHWOOD PARK CLO LTD 4.29%$5.05M1.44%
    VOLT XCIV LLC 4.95%$4.99M1.42%
    Government National Mortgage Association 3.78%$4.79M1.36%
    BX TRUST 3.72%$4.03M1.15%
    Octagon Investment Partners XXI Ltd. 7.19%$4.01M1.14%
    Federal Home Loan Mortgage Corporation 7.71%$3.04M0.87%
    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income66.25%
    Others - Fixed Income17.14%
    Ireland - Fixed Income1.99%
    Colombia - Fixed Income0.41%
    Singapore - Fixed Income0.14%
    United States - Equity0.03%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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