The DoubleLine Yield Opportunities Fund $DLY confirmed a downtrend channel breakout on November 29, 2022. The money flow has just gone positive, giving a beautiful technical buy signal. The stock formed a bullish Engulfing candlestick pattern (shown in red square on the chart below) on November 28, 2022.
The DoubleLine Yield Opportunities Fund $DLY pays a stunning monthly dividend, which has an annual yield of 10%. Over 63% of the fund is in below investment grade junk bonds, which is how it has such a high yield. Just 15% of the fund is in investment grade credit and only 0.7% is in government bonds. 19% of the fund is invested in unrated securities.
Jeffrey Gundlach, a well-known CNBC regular, and Jeffrey Sherman, DoubleLine’s deputy CIO, manage the $670 million closed-end fund DoubleLine Yield Opportunities Fund.
A top-down macroeconomic analysis of international markets precedes the portfolio construction. Each month, the Fixed Income Asset Allocation (FIAA) Committee meets to present and discuss fundamental valuations and technical research, as well as to discuss the respective areas of expertise of experienced portfolio managers. Fundamentals and relative valuation are used to decide whether to overweight or underweight a sector. To best represent the Committee’s opinions, the sector managers are in charge of choosing each individual’s security.