DoubleLine Income Solutions Fund (DSL)

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DoubleLine Income Solutions Fund (DSL) is an actively managed closed end fund. The fund’s objective is to provide high current income and capital appreciation. This fixed income fund invests most of its assets in debt securities and other income-producing investments anywhere in the world, including in emerging markets.

DSL Fund Profile

    DoubleLine Income Solutions Fund (DSL)
  • Fund Inception Date: 04/26/2013
  • Ticker Symbol: DSL
  • CUSIP: 258622109
  • Rank in category (YTD): 26%
  • Category: Multi Sector Bond
  • Yield: 8.35%
  • Effective Leverage: 30.87%
  • Capital Gains: -
  • Premium/ Discount: -8.32%
  • Base Expense Ratio: 0.66%
  • Net Assets: $ 3.40 billion
  • Annual Turnover Rate: 5.3%
DoubleLine Income Solutions Fund is managed by Bonnie Baha, Jeffrey Gundlach, and Luz Padilla. This popular closed end fund has a high yield of 8.35%. This fund has total annual expense ratio fee of 0.77% (including interest expense of 0.11%).
The fund sponsor is Doubleline Capital LP. The current share price is $21.26.

DoubleLine Income Solutions Fund Return

There is no rating from Morningstar for this bond fund. In 2014, the year to date return is 7.28%. The current annualized return of 12.40%. Fund performance is as follows:
  • Year 2014: 7.28% (YTD)
  • Year 2013: -

DSL Fund Holdings

This DSL fund has 343 holdings in its portfolio. The annual portfolio turnover rate is 5.30%. The top 3 asset allocation are general corporate bonds (61%), asset backed bonds (26%), and general debt (10%).

More: DoubleLine Total Return Bond Fund

Top 5 bond sectors are emerging markets bonds, high yield corporates, mortgage backed securities, bank loans, and CLOs. Top 3 holdings are Pfca Hm Equity Invt Tr 4.10 22 Jan 2035, FNMA CMO 5.63 25 Jun 2043, and Banco Do Brasil S A Grand Caym FRN 9.25.

Pros:
  • This DoubleLine Income Solutions Fund is managed by popular bond managers including Jeff Gundlach.
  • It has a high yield for income

Cons:
  • There is lack of history how this fund will perform.

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