DoubleLine Yield Opportunities Fund (DLY) is a closed-end fund that seeks to generate current income and capital appreciation. The fund invests in a wide range of debt securities, including high yield corporate bonds, bank loans, and mortgage-backed securities. It may also invest in foreign securities, emerging market debt, and other fixed income securities.
The fund is managed by DoubleLine Capital LP, a leading investment management firm that was founded in 2009 by renowned bond investor Jeffrey Gundlach. DoubleLine's investment philosophy is based on a rigorous fundamental analysis and a top-down macroeconomic approach.
As of September 30, 2021, the fund had total assets of $2.2 billion and a net asset value per share of $19.42. The fund has an expense ratio of 1.25% and pays a monthly dividend yield of 6.16%.
Investing in DLY may be appropriate for investors seeking higher income potential and are willing to take on higher risks associated with investments in high yield bonds and other fixed income securities. It is important to note that the value of the fund's shares will fluctuate with changes in interest rates and other market conditions, and there is no guarantee that the fund will achieve its investment objective. Investors should carefully consider the fund's investment objectives, risks, charges, and expenses before investing.
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