3 Comments

New DoubleLine Income Solutions DSL New Closed End Fund

DSL is a new closed end fund from Jeffrey Gundlach, the CEO of DoubleLine.  I have talked about Gundlach the new ‘bond king’ in previous posts.  (Click Here)

More on DoubleLine.  Click.

(July 2013.  Bernanke opened his trap during the June period and DSL tanked while rates shot up.  If you hold DSL just keep it-you earn a nice dividend and it MAY go up.  If you own it there is no reason to sell and take the loss.  Some people are even recommending buying it at the current price but I am staying away.  DoubleLine has a floating rate fund that makes more sense now.)

(Update June 18:  My screen is showing 7.7% yield with an ex. div date of June 19.  Price is $23.39)

(Update June 3:  If you want to own DSL, BUY NOW)

(Update May 23:  Well I was wrong.  It did drop further.  Buy Here. $25.09)

(Update May 22:  It appears DSL will not drop any further, if you want to own, buy now at $25.29.) ( Update May 21:  Trend is still down.  Wait to buy around $25.)  I am interested in this fund for two reasons:  the excellent record and reputation of Gundlach, and I have been looking for a way to invest in emerging markets debt.  This fund is more on the risky side.  The yield should be around 7%.  I suggest a TINY position to start in the IRA, and add as appropriate.  The price today is $25.34.  Try to buy this as close to $25 as you can.

“The managers plan to invest at least 80 percent of the fund’s assets in debt securities and other fixed-income assets around the world, including in emerging markets, and may seek mortgage-backed securities or debt rated below investment-grade, such as high-yield “junk” bonds or bank loans.”

“As of April 25, 2013, the $2.3 billion capital raise represents one of the largest IPOs for any closed-end bond fund in the U.S.”

DBL is another fund from this family that would be a good choice.

Follow this link for a suggestion on a single issue corporate bond.

Additional commentary is posted in the right margin under ‘Recent Posts’ and in ‘Background’ and ‘Investments’ at the top of the page.  Bookmark this blog and visit often!

I am not an investment professional.  You must do your own research before buying any position.  All gains or losses that you realize are based on your choices.

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3 comments on “New DoubleLine Income Solutions DSL New Closed End Fund

  1. […] Check out DSL, a conservative choice you may find attractive. […]

  2. […] (Update May:  The fund manager says he planning to close this fund to new investors in late 2013.  BUY NOW) (Also check out Click Here) […]

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