Key Details
Price
$15.53Last Dividend
$0.11Annual ROE
16.00%Beta
0.13Events Calendar
Next earnings date:
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Nov 13, 2024Next split:
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Dec 31, 2014Analyst ratings
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The Doubleline Opportunistic Credit Fund offers an 8.51% yield, outperforming major fixed-income indices but underperforming its peers in yield and total return. The DBL closed-end fund's performance has been volatile, with a modest 0.58% share price gain over eleven months, but an 8.07% total return including distributions. The fund's heavy investment in mortgage-backed securities has been a disadvantage, underperforming compared to other fixed-income assets amid rising bond yields and inflation.
TAMPA, Fla. , Aug. 1, 2024 /PRNewswire/ -- The DoubleLine Opportunistic Credit Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DBL, this week declared a distribution of $0.11 per share for the month of August 2024.
The Doubleline Opportunistic Credit Fund is a CEF focused on generating current income with a 9.1% forward yield. The fund has had poor historical returns, notably underperforming most underlying fixed income asset classes in 2022. With a 10-year average annual return of only 4.3%, the DBL fund appears to be yet another amortizing 'return of principal' fund from Doubleline that should be avoided.
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