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Dec 2023

DoubleLine Fund Commentary

2023 will likely be remembered as a year that defied consensus expectations. At the beginning of the year, market prognosticators were largely forecasting that tightening financial conditions and slowing growth would result in recession. However, as is often the case in financial markets, when many predictions align, expectations are seldom realized. Instead, growth persisted in 2023 and even surprised to the upside, largely driven by a resilient-consumer environment, rewarding risk-taking in financial markets. Stocks rallied 11.68% in the fourth quarter, pushing the S&P 500 Index to a 26.26% gain for the year.

Download the PDF to read more about the this quarter’s market and financial sectors including attribution on each DoubleLine mutual fund.