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DoubleLine Income Solutions Fund (DSL) is a closed-end fund managed by DoubleLine Capital LP. The fund primarily aims to deliver high income to its investors while its secondary objective is capital appreciation. DSL invests across a diverse range of securities including money market funds, foreign corporate bonds, U.S. corporate bonds, bank loans, collateralized loan obligations, and municipal bonds.
The fund's portfolio spans various sectors such as Healthcare, Technology, Construction, Automotive, Insurance, Beverage, Pharmaceuticals, Leisure, and more. This diversification allows DSL to mitigate risk and seize opportunities across different economic cycles.
DoubleLine Capital, the investment adviser behind DSL, is known for its robust financial management and strategic investment approaches. The firm has recently reinforced its team with the addition of Rudy Garza, CFA, as a Relationship Manager to expand its institutional client base in the Western United States. Garza brings a wealth of experience in business development and institutional investor relations from reputable firms like Polar Capital and PIMCO.
Additionally, DoubleLine's latest research led by Robert Cohen, Director of Global Developed Credit, and Product Specialist Colin Callahan, suggests a promising outlook for investment-grade corporate credit. Their findings indicate that the yield, duration, and credit quality metrics currently present a unique opportunity to build high-quality portfolios with potentially high single-digit returns and limited downside risk.
DoubleLine also emphasizes diversification in equity investments. Portfolio Managers Samuel Lau and Jeff Mayberry advocate for moving away from market-cap-weighted strategies, particularly given the current dominance of a few large stocks in the S&P 500. They recommend the DoubleLine Shiller Enhanced CAPE mutual fund, the DoubleLine Shiller CAPE U.S. Equities ETF, and the DoubleLine Fortune 500 Equal Weight ETF as alternatives to traditional equity investment strategies.
DoubleLine Capital offers a wealth of financial products and has built a solid reputation for its innovative and effective investment strategies. For media inquiries or more information, DoubleLine's offices can be contacted by telephone at (813) 791-7333 or via email at info@doubleline.com.
TAMPA, Fla., April 4, 2023 /PRNewswire/ -- DoubleLine launched two new ETFs: the DoubleLine Mortgage ETF (DMBS) and the DoubleLine Commercial Real Estate ETF (DCMB), now trading on the NYSE Arca. The Mortgage ETF aims to outperform the Bloomberg US Mortgage-Backed Securities Index by investing primarily in high-quality residential mortgage-backed securities. Managed by a team led by Jeffrey Gundlach, it seeks enhanced risk-adjusted returns. The Commercial Real Estate ETF focuses on senior commercial real estate debt and aims for capital preservation while employing active management for security selection.
On April 3, 2023, the DoubleLine Income Solutions Fund (NYSE: DSL) declared a distribution of $0.11 per share for April 2023. The ex-dividend date is set for April 12, 2023, the record date for April 13, 2023, and the payment date is scheduled for April 28, 2023. The Fund primarily aims to generate high current income and capital appreciation through investments in debt securities and income-producing assets worldwide, including high yield securities. Investors should be aware that distributions may involve risks, including potential principal loss, and may be classified as ordinary income, long-term capital gains, or return of capital.
The DoubleLine Yield Opportunities Fund (symbol: DLY) has announced an April 2023 distribution of $0.1167 per share. Key dates include:
- Ex-Dividend Date: April 12, 2023
- Record Date: April 13, 2023
- Payment Date: April 28, 2023
Distributions may consist of ordinary income, capital gains, or return of capital, with tax details to be reported in early 2024. The Fund emphasizes active asset allocation and disciplined risk management but warns of risks including potential principal loss and market volatility.
The DoubleLine Opportunistic Credit Fund (DBL) has announced a monthly distribution of $0.11 per share for April 2023. Key dates include the ex-dividend date of April 12, record date of April 13, and payment date of April 28. The distribution may comprise ordinary income, long-term capital gains, or return of capital, with specifics provided in a Form 1099-DIV in early 2024. The Fund, a diversified investment company, aims for high total returns through current income and capital appreciation, but risks involving principal loss are highlighted.
The DoubleLine Income Solutions Fund (DSL), traded on the NYSE, has declared a distribution of $0.11 per share for March 2023. The ex-dividend date is set for March 15, 2023, with the record date on March 16, 2023, and payment scheduled for March 31, 2023. The Fund aims for high current income and capital appreciation through investments primarily in debt securities, including high-yield bonds. Investors should note that distributions might include ordinary income, long-term capital gains, or return of capital, with tax implications determined annually.
The DoubleLine Yield Opportunities Fund (NYSE: DLY) has declared a distribution of
The DoubleLine Opportunistic Credit Fund (DBL) has declared a distribution of $0.11 per share for March 2023. The declaration was made on March 1, 2023, with an ex-dividend date of March 15, 2023, record date on March 16, 2023, and payment date on March 31, 2023. The Fund aims to provide high total investment returns through current income and capital appreciation. The nature of distributions may include ordinary income, long-term capital gains, or return of capital, with tax characteristics finalized in early 2024. Investing in the Fund involves risks, including the loss of principal.
Bill Campbell, Portfolio Manager at DoubleLine Global Bond Strategy, reveals in a new paper that the Bank of Japan's monetary policy has resulted in a "stealth tightening" despite its accommodative reputation. This tightening is leading to a sell-off of Japan's vast investments in foreign financial assets. Campbell warns that this trend could exacerbate global liquidity issues already strained by quantitative tightening measures taken by central banks worldwide. The paper is titled "Liquidity Riptide: Japanese Capital Repatriation and QT" and can be accessed via the provided link.
On February 22, 2023, Robert Cohen, Director at DoubleLine Capital, highlighted in Pensions & Investments the resilience of the high yield corporate credit market amidst recession signals. He cautioned against misinterpreting low spreads as an economic recovery signal, attributing market buoyancy to a decade-long improvement in issuer fundamentals and sector composition. Cohen analyzed credit quality evolution among high yield corporates, providing insights into this asset class's outlook. His article, titled 'Reading the macro and credit messages from high-yield corporates,' offers a comprehensive view on the fixed income sector.
The DoubleLine Income Solutions Fund (NYSE: DSL) announced a distribution of $0.11 per share for February 2023, as declared on February 1, 2023. Key dates include the ex-dividend date on February 15, 2023, record date on February 16, 2023, and payment date on February 28, 2023. The Fund, managed by DoubleLine Capital, aims for high current income and capital appreciation, primarily investing in debt securities and high-yield instruments. However, investments carry risks, including potential principal loss and interest rate sensitivity. The tax characteristics of distributions will be provided on Form 1099-DIV in 2024.
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