DBL - DBL: An Interesting Fixed-Income Fund But Some Concerns Remain
2024-04-24 05:32:13 ET
Summary
- DoubleLine Opportunistic Credit Fund has performed well since our last update and carries only a small premium.
- The fund provides exposure to a diversified pool of fixed-income instruments, though, with a heavy emphasis on CMBS and RMBS.
- The fund's distribution coverage is still concerning, as it has barely improved since our prior update.
Written by Nick Ackerman, co-produced by Stanford Chemist.
We gave DoubleLine Opportunistic Credit Fund ( DBL ) a look last summer, and we had looked at the other DoubleLine closed-end fund offerings at that time . Since then, the performance of the fund has been quite strong. The fund has moved to start trading at only a slight discount, but historically speaking, that actually means it isn't looking expensive. The fund has consistently traded at a premium - even higher premiums than we are seeing now on occasion....
DBL: An Interesting Fixed-Income Fund, But Some Concerns Remain