Jeffrey Gundlach Is Long Gold With A $1400 Target

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Jeffrey Gundlach Is Long Gold With A $1400 Target

On May 12, 2015, Jeffrey Gundlach Chief Executive Officer and Chief Investment Officer DoubleLine Capital held an Audio webcast discussing the Closed-End Funds Opportunistic Credit Fund (DBL) and Income Solutions Fund (DSL). Below is a summary via DoubleLine.

 

Jeffrey Gundlach: DoubleLine Closed End Fund Webcast – Recap

DoubleLine Opportunistic Credit Fund (DBL)

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

  • Portfolio restrictions
    • Must own at least 25% non-Agency mortgage-backed securities (MBS)
    • Must own at least 50% mortgage-backed securities (MBS)
    • Can only hold a have up to 50% of its total assets in below investment grade securities
  • Characteristics
    • Leverage: 18-19%
    • Duration: 8.1 years
  • 51% Agency MBS, 49% non-guaranteed mortgage assets

DoubleLine Income Solutions Fund (DSL)

  • Characteristics
    • Leverage: 45%
    • Duration: 6.2 years
    • 43% of assets invested in U.S. Dollar (USD) denominated Emerging Market debt
  • Puerto Rico
    • The f