DoubleLine Yield Opportunities Fund (DLY)

Our favorite dividends are now on sale—but we still need to make sure we're buying this dip the right way.

TAMPA, Fla. , Nov. 3, 2025 /PRNewswire/ -- The DoubleLine Yield Opportunities Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of November 2025.

DoubleLine Yield Opportunities Fund offers a diversified income-focused portfolio, currently yielding 9.8% and trading at a 6% discount to NAV. DLY's earnings have been inconsistent, raising concerns about the sustainability of its high payouts, especially in a prolonged high interest rate environment. While DLY provides consistent monthly distributions, this has limited NAV growth and exposed the fund to downside risk during market declines.

The Triple-Factor CEF Report screens over 400 funds for high yield (>6.5%), strong coverage (>90%), and discount to NAV, balancing yield, sustainability, and value. Top lists include funds with widest discounts, best z-scores, highest yields, and best combined metrics, offering potential for price appreciation and enhanced yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.

TAMPA, Fla. , Oct. 1, 2025 /PRNewswire/ -- The DoubleLine Yield Opportunities Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of October 2025.

TAMPA, Fla. , Sept. 2, 2025 /PRNewswire/ -- The DoubleLine Yield Opportunities Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of September 2025.

DLY offers diversified, global fixed-income exposure with a 9.5% yield, heavily weighted toward high-yield, below-investment-grade securities. The fund uses an appealing top-down/bottom-up approach to security selection, but its high expense ratio and active management have led to underperformance versus peers. DLY has rotated out of riskier mortgage-backed securities, yet still faces credit and macroeconomic risks.

TAMPA, Fla. , July 1, 2025 /PRNewswire/ -- The DoubleLine Yield Opportunities Fund (the "Fund"), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of July 2025.

BlackRock, the world's largest asset manager, is turning its back on long-term Treasuries—and that's rattling the bond market.

DoubleLine Yield Opportunities Fund offers an attractive 8.94% yield, but lags peers in terms of yield. The fund has historically outperformed its peers on a total return basis, so the low relative yield makes sense. The fund's lack of transparency on foreign currency exposure raises concerns, especially given risks to U.S. dollar-denominated bonds.

DoubleLine Yield Opportunities Fund offers a resilient investment opportunity with a 9% dividend yield, despite its sensitivity to high interest rates. DLY's diverse portfolio, including Non-Agency CMBS, High Yield Corporate Bonds, and Non-Agency RMBS, has shown consistent income and slight NAV growth. The fund's leverage is conservative at 15.72%, and its consistent monthly payouts reinforce its reputation as a reliable income source.

We are giving the DoubleLine Yield Opportunities Fund a look today, with its rather appealing monthly distribution, and they also recently announced another small year-end special. DLY has transitioned from trading at a discount to a premium since our last update, which suggests it is on the pricier side. That said, the fixed-income taxable CEF space, in general, has moved to trade at more elevated levels over the year, which makes DLY still worth holding.

Are higher interest rates and lower bond prices a sure thing for 2025? Mainstream financial pundits say yes.

Most people think inflation will rise in a second Trump term—we can see it in the jump in 10-year Treasury rates over the last few weeks.

DoubleLine Yield Opportunities Fund offers an 8.67% yield, which is low compared to other multi-sector bond funds. DLY has a strong three-year total return of 15.26%, outperforming many peers, though recent performance has been modest due to rising interest rates. The fund's significant allocation to junk bonds and its strategic flexibility in bond investments contribute to its competitive performance.

The Federal Reserve cut interest rates by an “historic” 50 basis points. Then, interest rates soared.