DBL: Focus On Mortgages Is A Real Problem Today
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The Doubleline Opportunistic Credit Fund (DBL) offers an 8.51% yield but has underperformed its peers due to its focus on mortgage-backed securities, which have been disadvantaged by rising bond yields and inflation.
November 13, 2024 | 10:15 pm
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NEGATIVE IMPACT
The Doubleline Opportunistic Credit Fund (DBL) has underperformed its peers due to its focus on mortgage-backed securities, which have been negatively impacted by rising bond yields and inflation.
DBL's heavy investment in mortgage-backed securities has led to underperformance compared to other fixed-income assets. Rising bond yields and inflation have negatively impacted these securities, making DBL less attractive compared to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100