The top five countries in which this fund invests are: United States, 45.11% of assets; Mexico, 10.73%; Argentina, 8.27%; Brazil, 5.26%; and Cayman Islands, 5.05%. The fund has a current dividend yield of 8.07%, paid monthly.
DoubleLine Income Solutions Fund (DSL)
From Brinker Fixed Income Advisor
The DoubleLine Income Solutions Fund closed-end fund is our 2021 Top Pick for income investors seeking a high payout income fund.
At the recent price of $16.36, the closed-end fund trades at a -7.0% discount to net asset value of $17.59. This discount to net asset value provides investors some margin of safety against unexpected changes in interest rates and credit quality.
The closed-end fund pays a monthly distribution of $0.11, or approximately $1.32 per year. This represents a distribution yield of more than 8.0% annually at the current market price. The fund seeks high current income with capital appreciation.
Robert M. Brinker, CFS, Brinker Fixed Income Advisor, www.brinkeradvisor.com, 303-688-2555, December 29, 2020