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DSL is a CEF which yields 11.68%. It pays a monthly $.11 distribution.
DSL has consistently generated an exceptionally high yield and has the potential to deliver strong and steady income on the back of its strong coupon income. DSL has been disappointing in terms of price growth and is far from its pre-pandemic price level of $20, and is currently trading at a discount to its NAV.
It has been a challenging year for fixed-income investments and, to be fair, the equity space as well. DSL's discount has continued to widen further, presenting a more attractive opportunity.
With the latest shareholder report out, we take a look at DSL - a multi-sector credit fund from DoubleLine. DSL trades at a 9.1% discount and a 10% current yield. The fund has generated fairly average performance in its sector since we added it to our High Income Portfolio in 2021.
DSL is a multi-sector fixed income CEF from a premier asset manager. The fund is down more than -15% year to date on the back of higher rates and wider credit spreads.