DoubleLine Yield Price, Forecast, Insider, Ratings, Fundamentals & Signals

Tampa, fla. , april 1, 2024 /prnewswire/ -- the doubleline yield opportunities fund (the "fund"), which is traded on the new york stock exchange under the symbol dly, has declared a distribution of $0.1167 per share for the month of april 2024.

Tampa, fla. , march 1, 2024 /prnewswire/ -- the doubleline yield opportunities fund (the "fund"), which is traded on the new york stock exchange under the symbol dly, has declared a distribution of $0.1167 per share for the month of march 2024.

Tampa, fla. , feb. 1, 2024 /prnewswire/ -- the doubleline yield opportunities fund (the "fund"), which is traded on the new york stock exchange under the symbol dly, has declared a distribution of $0.1167 per share for the month of february 2024.

Tampa, fla. , nov. 1, 2023 /prnewswire/ -- the doubleline yield opportunities fund (the "fund"), which is traded on the new york stock exchange under the symbol dly, has declared a distribution of $0.1167 per share for the month of november 2023.

Tampa, fla. , sept. 1, 2023 /prnewswire/ -- the doubleline yield opportunities fund (the "fund"), which is traded on the new york stock exchange under the symbol dly, has declared a distribution of $0.1167 per share for the month of september 2023.

PDI: 13.7% Yield Attractive Despite Section 19 Notices

DoubleLine Yield Opportunities Fund offers a competitive yield for income-focused investors, although it is lower than some other bond funds. The DLY closed-end fund has lower leverage than its peers, making it appealing to risk-averse investors. The fund has shown positive performance, beating the Bloomberg U.S. Aggregate Bond Index over the past six months and providing consistent distributions.

DoubleLine Yield Opportunities Fund is trading at a reasonable discount, while its underlying portfolio is also trading at a deep discount. The fund's discount has been more volatile lately, but its underlying portfolio and the latest report show a mostly stabilized fund. At the same time, other alternatives outside of the DoubleLine trio of closed-end funds could still be more interesting choices.

We review CEF market valuation and performance through the third week of October and highlight recent market action. All CEF sector NAVs were down on the week, while only three sectors managed to tighten. Investor should not take CEF performance against benchmarks at face value.

DoubleLine Yield Opportunities Fund has had a solid year in terms of total return performance as it rebounded from last year. That said, the Western Asset Diversified Income Fund is a potential alternative with a deeper discount and strong distribution coverage. At the same time, DLY isn't extremely overvalued, and in recent weeks, the fund's discount has actually widened back out from the ~3% discount the fund was sporting.

The DoubleLine Yield Opportunities Fund offers a high level of income with a current yield of 9.53%, significantly higher than most equity income funds. The fund has outperformed other debt funds, with a 5.03% increase in share price and a 15.94% total return over the past year. The fund's focus on total return is surprising given its investment in debt securities, but its performance may be attributed to investments in floating-rate securities and emerging markets.

Investors today are in desperate need of income in order to maintain their standard of living in the face of the worst inflation that we have seen in decades. DoubleLine Yield Opportunities Fund invests in a portfolio of bonds and then applies a layer of leverage to give it a very high effective yield and provide income to its shareholders. The DLY closed-end fund is globally diversified, allowing it to take advantage of different monetary regimes around the world to make high profits.

Closed-End Funds: A Look At The DoubleLine Trio

We're going to give ourselves an edge by “cherry-picking” 10%+ yielding picks from the top bond minds on the planet.

DLY is a multi-sector bond fund that heavily emphasizes below-investment-grade debt instruments. Breaking it down further, there is a significant weight to non-agency MBS exposure.