DBL: Solid Results Despite Some Issues

(10min)

Summary

  • Doubleline Opportunistic Credit Fund has delivered solid total returns, despite some concerns I had about its portfolio and distribution coverage.
  • The fund has seen its distribution coverage improve materially, though there is still a lack of NII coverage.
  • DBL also continues to trade around a premium, not really allowing for investors to get a bargain entry price.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

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Guido Mieth

Written by Nick Ackerman, co-produced by Stanford Chemist

Doubleline Opportunistic Credit Fund (NYSE:DBL) has put up some solid total returns since our prior update. That was even despite my otherwise being cautious about the

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This article was written by

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Nick Ackerman is a former financial advisor using his experience to provide coverage on closed-end funds and exchange-traded funds. Nick has previously held Series 7 and Series 66 licenses and has been investing personally for over 14 years.

He contributes to the investing group CEF/ETF Income Laboratory along with leader Stanford Chemist, and Juan de la Hoz and Dividend Seeker. They help members benefit from income and arbitrage strategies in CEFs and ETFs by providing expert-level research. The service includes: managed portfolios targeting safe 8%+ yields, actionable income and arbitrage recommendations, in-depth analysis of CEFs and ETFs, and a friendly community of over a thousand members looking for the best income ideas. These are geared towards both active and passive investors. The vast majority of their holdings are also monthly-payers, which is great for faster compounding as well as smoothing income streams. Learn More.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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