DLY - Fund Spotlight: DoubleLine Yield Opportunities - This New Fund Looks Attractive

• This is a new fund from Jeffrey Gundlach's shop that will sit in between the other two funds (DBL and DSL) in terms of risk.
• DLY will be a "go anywhere" credit risk fund with no sector accounting for more the 25% of total assets.
• Right now, the fund has large bets on commercial mortgages (mostly investment grade), rMBS, ABS, high yield, and CLOs.
• The fund was launched at just the right time at the end of February to take advantage of the credit selloff that occurred just a couple of weeks later.
• We think shares could be bought below a -5% discount level.

For further details see: