Opportunistic Credit Fund – Statistics
| Fund details as of August 31, 2020 | |
|---|---|
| Ticker Symbol | DBL |
| NAV Symbol | XDBLX |
| Monthly Distribution1 | $0.110 |
| Distribution Frequency | Monthly |
| NAV | $19.33 |
| Net Assets | $289,116,203 |
| Sector Breakdown | |
|---|---|
| Cash | 2.13% |
| Line of Credit | -22.14% |
| Agency Inverse Floaters | 5.66% |
| Agency Inverse Interest Only/Interest Only | 15.54% |
| Agency CMBS | 0.26% |
| Agency CMO | 3.54% |
| Non-Agency Residential MBS | 29.22% |
| Government | 4.15% |
| Collateralized Loan Obligations | 32.33% |
| Commercial MBS | 18.97% |
| Asset-Backed Securities | 2.66% |
| Emerging Markets Fixed Income | 0.64% |
| Bank Loan | 7.04% |
| Total | 100.0% |
Figures shown represent the net assets invested in a particular asset class as a percentage of total net assets.
| Portfolio Characteristics | |
|---|---|
| Average Market Price2 | $104.84 |
| Weighted Average Life | 5.39 |
| Duration | 0.37 |
| Leverage from Borrowing3 | 17.24% |
| Weighted Average Life Breakdown | |
|---|---|
| Cash | 2.13% |
| Reverse Repo | -22.14% |
| 0 to 3 years | 16.55% |
| 3 to 5 years | 38.82% |
| 5 to 10 years | 62.42% |
| 10 to 15 years | 2.21% |
| 15+ years | 0.00% |
| Total | 100.00% |
| Duration Breakdown | |
|---|---|
| Cash | 2.13% |
| Reverse Repo | -22.14% |
| Less than 0 | 38.79% |
| 0 to 3 years | 35.96% |
| 3 to 5 years | 25.18% |
| 5 to 10 years | 16.04% |
| 10 to 15 years | 3.88% |
| 15+ years | 0.16% |
| Total | 100.00% |
| Current Quality Credit Distribution4 | |
|---|---|
| Cash | 2.13% |
| Reverse Repo | -22.14% |
| Government | 4.15% |
| Agency | 24.74% |
| Investment Grade | 30.85% |
| Below Investment Grade | 40.65% |
| Unrated Securities | 19.62% |
| Total | 100.0% |
| Past performance does not guarantee future results.
1. Distributions include all distribution payments regardless of source and may include net income, capital gains, and/or return of capital (ROC). ROC should not be confused with yield or income. A Fund’s Section 19a-1 Notice, if applicable, contains additional distribution composition information and may be obtained by visiting www.doublelinefunds.com. Final determination of a distribution’s tax character will be made on Form 1099 DIV and sent to shareholders. On a tax basis, the estimated component of the cumulative distribution for the fiscal year to date would include an estimated return of capital of $0.000 (0%) per share. This amount is an estimate and the actual amounts and sources for tax reporting purposes may change upon final determination of tax characteristics and may be subject to changes based on tax regulations. We anticipate the month-end distribution’s ROC will be similar to this amount. 2. Market price – The weighted average of the prices of the Fund’s portfolio holdings. While a component of the fund’s Net Asset Value, it should not be confused with the Fund’s NAV. 3. Leverage is based on a percentage of short-term borrowing in relation to the long-term investments of the Fund. 4. Credit Distribution is determined from the highest available credit rating from any Nationally Recognized Statistical Rating Agency (NRSRO”, generally S&P, Moody’s, or Fitch) and is subject to change. DoubleLine chooses to display credit ratings using S&P’s rating convention, although the rating itself might be sourced from another NRSRO. The firm evaluates a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. The ratings apply to the credit worthiness of the issuers of the underlying securities and not to the fund itself. Ratings are expressed as letters ranging from ‘AAA’, which is the highest grade, to ‘D’, which is the lowest grade. In limited situations when the rating agency has not issued a formal rating, the rating agency will classify the security as unrated. Sector Allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Portfolio holdings generally are made available fifteen days after month-end by calling (877) DLine11. The source for the information in this report is DoubleLine Capital, which maintains its data on a trade date basis. |
