DoubleLine Yield Opportunities Fund (DLY)

• Market cap: $766M
• 1 day: 0.38%
• 5 days: -3.34%
• 1 month: -3.10%
• 3 months: -4.04%
• 6 months: 1.92%
• Year to date: 6.70%
• 1 year: 8.37%
• 5 years: -21.34%
• 10 years: -21.34%

About: DoubleLine Yield Opportunities Fund is a diversified, limited-term, closed-end management investment company. Its investment objective is to seek a high level of total return, with an emphasis on current income. The company invests in debt securities and other income-producing investments of issuers anywhere in the world, including in emerging markets, and may invest in investments of any credit quality. Its investment portfolio comprises foreign corporate bonds, foreign government bonds, non-agency commercial mortgage-backed obligations, U.S. corporate bonds, collateralized loan obligations, and bank loans among other securities.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

59% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 17

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

4% more funds holding

Funds holding: 73 [Q2] → 76 (+3) [Q3]

4.35% less ownership

Funds ownership: 23.89% [Q2] → 19.54% (-4.35%) [Q3]

20% less capital invested

Capital invested by funds: $181M [Q2] → $145M (-$35.4M) [Q3]