Yield Opportunities Fund
DoubleLine Yield Opportunities Fund (the “Fund”) is a limited term closed-end management investment company.
The Fund’s investment objective is to seek a high level of total return, with an emphasis on current income.
The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for its potential to provide a high level of total return, with an emphasis on current income. The Fund may invest 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.
The DoubleLine Yield Opportunities Fund will actively allocate exposure across the global fixed income universe.
• Initially the Fund is expected to be tilted towards credit securities within the securitized space with a lower weight to global corporate credit securities
• However, throughout the market cycle, the Fund has flexibility to allocate more capital to the traditional corporate credit market
• Portfolio shifts are typically done gradually over time using a long term approach
− Additionally, tactical allocations are made as opportunities arise
• The Fund has the ability to take on local currency risk in foreign issues as well as hedge out the currency risk
The portfolio construction begins with a top down macro economic assessment of global markets. Fundamental valuations and technical research are presented and discussed monthly at the Fixed Income Asset Allocation (FIAA) Committee meeting, where experienced portfolio managers discuss their respective sectors of expertise. The decision to overweight or underweight a sector is determined based on fundamentals and relative valuation. The sector managers are responsible for individual security selection to best reflect the Committee’s views.
The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. You can obtain the Fund’s most recent periodic reports (when available), which contain summary information regarding the Fund’s expenses and principal risks, by calling 877-DLINE11 (877-354-6311). You should read these reports carefully before investing.