DBL - DoubleLine Opportunistic Credit Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. July 1, 2026

   The fund said it may sell new shares.

   Original document →

2. Feb 6, 2024

   Sit Investment now owns 17%, as a passive investor.

   Original document →

About this fund

• Run by DoubleLine Capital LP. Part of the DoubleLine fund family. As of Sept 30, 2025, from the fund's yearly report. Original document →
• Size: about $290 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 9% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.1% a year in management fees; 2% a year in total, including interest on borrowed money. Fiscal year ended Sept 30, 2025. As of Sept 30, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Sept 30, 2025) the fund paid $1.32 a share. $0.99 of that was income; $0.33 was your own money back, not income. As of Sept 30, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Sept 30, 2025): $15.39. The shares traded at $15.58, about 1.2% above that. As of Sept 30, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 2.2% below to 3.6% above. As of Sept 30, 2025, from the fund's annual report. Original document →
• How the holdings did: up 0.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +2.1%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Sept 30, 2025): the value of the holdings returned +7.3%. How the share price did: the shares returned +7.3% over the same year, counting payouts and the change in the market price. As of Sept 30, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2011.

What the fund holds

Mostly asset-backed bonds (50%), the rest loans, bonds and cash and short-term holdings. About 77% issued in the U.S.

1. Cash and short-term - 3.2%
2. Government National Mortgage Association, Gnr 2022-83 Io - 1.4%
3. Bain Capital Credit CLO 2022-5, Bcc 2022-5A Drr - 1.4%
4. Freddie Mac Stacr Remic Trust 2020-HQA2, Stacr 2020-HQA2 B2 - 1.2%
5. Federal National Mortgage Association, Fhs 400 C4 - 1.2%
6. Government National Mortgage Association, Gnr 2021-9 MI - 1.1%
7. Federal National Mortgage Association, Cas 2022-R01 1B2 - 1.1%
8. Freddie Mac Stacr Remic Trust 2021-DNA6, Stacr 2021-DNA6 B2 - 1.1%
9. Connecticut Avenue Securities Trust 2021-R01, Cas 2021-R01 1B2 - 1%
10. Freddie Mac Stacr Remic Trust 2021-HQA3, Stacr 2021-HQA3 B2 - 1%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →