v3.26.3
N-2 - USD ($)
2 Months Ended 3 Months Ended
Oct. 02, 2026
Aug. 31, 2026
Aug. 31, 2026
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Cover [Abstract]                            
Entity Central Index Key 0001525201                          
Amendment Flag false                          
Document Type 424B5                          
Entity Registrant Name DoubleLine Opportunistic Credit Fund                          
Fee Table [Abstract]                            
Shareholder Transaction Expenses [Table Text Block]
 
Shareholder Transaction Expenses
 
  
 
Percentage of Offering Price
 
 
Sales Load Paid by Investors(1)
 
  
 
1.00%
 
 
Offering Expenses Borne by the Fund(2)
 
  
 
0.08%
 
 
Dividend Reinvestment Plan Fees(3)
 
  
 
None
 
(1) Represents the maximum commission with respect to the Common Shares being sold in this offering that the Fund may pay to the Distributor in connection with sales of Common Shares effected by the Sales Agents in this offering. There is no guarantee that there will be any sales of Common Shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of Common Shares under this Prospectus Supplement and the accompanying Prospectus, if any, may be less than as set forth in this table. In addition, the price per share of any such sale may be greater or less than the price set forth in this table, depending on the market price of the Common Shares at the time of any such sale.
(2) Represents the estimated offering expenses as a percentage of the Common Share offering price at the NYSE close on August 31, 2026.
(3) You will pay brokerage charges if you direct your broker or the plan agent to sell your Common Shares that you acquired pursuant to a dividend reinvestment plan. You will also bear a pro rata share of brokerage commissions incurred in connection with open-market purchases pursuant to the Fund’s Dividend Reinvestment Plan. See “Dividend Reinvestment Plan” in the accompanying Prospectus.
                         
Sales Load [Percent] [1] 1.00%                          
Dividend Reinvestment and Cash Purchase Fees [2] $ 0                          
Other Transaction Expenses [Abstract]                            
Other Transaction Expenses [Percent] [3] 0.08%                          
Annual Expenses [Table Text Block]
 
Annual Expenses
 
  
 
Percentage of Net Assets Attributable
to Common Shares
 
 
Management Fees(4)
 
  
 
1.08%
 
 
Interest Expense on Borrowed Funds(5)
 
  
 
0.42%
 
 
Other Expenses(6)
 
  
 
0.23%
 
 
Total Annual Expenses
 
  
 
1.73%
 
(4) The Fund pays the Adviser a monthly management fee for its investment management services in an amount equal to 1.00% of the Fund’s average daily total managed assets. In accordance with the requirements of the Commission, the table above shows the Fund’s management fee as a percentage of average net assets, which reflects the Fund’s use of leverage.
(5) Assumes the use of leverage in the form of borrowings representing 6.53% of the Fund’s total managed assets (including the amounts of leverage obtained through the use of such borrowings). See “Leverage — Effects of Leverage” and “Leverage — Credit Facility” in the accompanying Prospectus.
(6) Other expenses are estimated for the Fund’s fiscal year ended September 30, 2026.
                         
Management Fees [Percent] [4] 1.08%                          
Interest Expenses on Borrowings [Percent] [5] 0.42%                          
Other Annual Expenses [Abstract]                            
Other Annual Expenses [Percent] [6] 0.23%                          
Total Annual Expenses [Percent] 1.73%                          
Expense Example [Table Text Block]
EXAMPLE
As required by relevant SEC regulations, the following example illustrates the expenses that you would pay on a $1,000 investment in Common Shares (including an assumed total sales load or commission of 1.00% and the other estimated costs of this offering to be borne by holders of Common Shares of 0.08%), assuming (a) the Fund’s net assets do not increase or decrease, (b) the Fund’s total annual expenses are 1.73% of net assets attributable to Common Shares in years 1 through 10 (assuming the Fund obtains leverage through borrowings in an amount equal to 6.53 % of the Fund’s total managed assets) and (c) a 5% annual return(1):
 
    
1 Year
  
3 Years
  
5 Years
  
10 Years
 
Total Expenses Incurred
 
  
 
$27
 
  
 
$64
 
  
 
$103
 
  
 
$212
 
(1) The example above should not be considered a representation of future expenses. Actual expenses may be higher or lower than those shown. The example assumes that the estimated interest expense on borrowed funds and “Other expenses” set forth in the Annual Expenses table are accurate, that the rates listed under “Total Annual Expenses” remain the same each year and that all dividends and distributions are reinvested at NAV. Actual expenses may be greater or less than those assumed. Moreover, the Fund’s actual rate of return may be greater or less than the hypothetical 5% annual return shown in the example.
                         
Expense Example, Year 01 [7] $ 27                          
Expense Example, Years 1 to 3 [7] 64                          
Expense Example, Years 1 to 5 [7] 103                          
Expense Example, Years 1 to 10 [7] $ 212                          
Purpose of Fee Table , Note [Text Block] The following table is intended to assist investors in understanding the fees and expenses (annualized) that an investor in Common Shares of the Fund would bear, directly or indirectly, as a result of an offering. The table reflects the use of leverage in the form of borrowings (e.g., loans, lines of credit) in an amount equal to 6.53% of the Fund’s total managed assets and 6.99% of the Fund’s total net assets (with respect to each percentage, including the amounts of leverage obtained through the use of such instruments and/or borrowings), and shows Fund expenses as a percentage of net assets attributable to Common Shares. The percentage above does not reflect the Fund’s use of other forms of economic leverage, such as credit default swaps or other derivative instruments. The table and the example are based on the Fund’s capital structure as of August 31, 2026. The extent of the Fund’s assets attributable to leverage following an offering, and the Fund’s associated expenses, are likely to vary (perhaps significantly) from these assumptions.                          
Other Expenses, Note [Text Block] Other expenses are estimated for the Fund’s fiscal year ended September 30, 2026.                          
Management Fee not based on Net Assets, Note [Text Block] The Fund pays the Adviser a monthly management fee for its investment management services in an amount equal to 1.00% of the Fund’s average daily total managed assets. In accordance with the requirements of the Commission, the table above shows the Fund’s management fee as a percentage of average net assets, which reflects the Fund’s use of leverage.                          
General Description of Registrant [Abstract]                            
Investment Objectives and Practices [Text Block] The Fund, as its investment objective, seeks a high total investment return by providing a high level of current income and the potential for capital appreciation.                          
Share Price [Table Text Block]
Market and Net Asset Value
The Common Shares have traded both at a premium and a discount to NAV. The following table sets forth, for each of the periods indicated, the high and low closing market prices of the Common Shares on the NYSE and the corresponding NAV and premium/discount to NAV on the days when the
 
Common Shares experienced such high and low closing market prices. See “Market and Net Asset Value” in the accompanying Prospectus for information as to how the Fund’s net asset value is determined.
 
Quarter
  
Common Share
Market Price
  
Common Share
Net Asset Value
  
Premium (Discount)
   as a % of Net Asset Value   
 
Date
  
High  
  
Low
  
High  
  
Low
  
High 
 
  
Low 
 
July 1, 2026 through August 31, 2026
   $14.33    $13.98    $14.69    $14.58     
(2.45
)%
      
(4.12
)%
 
June 30, 2026
   $14.64    $14.17    $14.76    $14.61      (0.81)%        (3.01)%  
March 31, 2026
   $15.34    $14.20    $15.12    $14.74      1.46%        (3.66)%  
December 31, 2025
   $15.71   
$15.16
   $15.46    $15.18      1.62%        (0.13
)
%
 
September 30, 2025
   $15.70    $15.10    $15.52    $15.27      1.16%        (1.11)%  
June 30, 2025
   $15.75    $15.10    $15.28    $15.31      3.08%        (1.37
)
%
 
March 31, 2025
   $15.86    $15.51    $15.49    $15.39      2.39%        0.78%  
December 31, 2024
   $15.89    $15.17    $15.54    $15.41      2.25%        (1.56)%  
September 30, 2024
   $16.13    $15.32    $15.77    $15.25      2.28%        0.46%  
June 30, 2024
   $15.36    $14.64    $15.28    $15.11      0.52%        (3.11)%  
March 31, 2024
   $15.51    $15.05    $14.96    $14.93      3.68%        0.80%  
December 31, 2023
   $15.53    $13.87    $14.91    $14.08      4.16%        (1.49)%  
                         
Common Shares [Member]                            
General Description of Registrant [Abstract]                            
Lowest Price or Bid     $ 13.98 $ 14.17 $ 14.2 $ 15.16 $ 15.1 $ 15.1 $ 15.51 $ 15.17 $ 15.32 $ 14.64 $ 15.05 $ 13.87
Highest Price or Bid     14.33 14.64 15.34 15.71 15.7 15.75 15.86 15.89 16.13 15.36 15.51 15.53
Lowest Price or Bid, NAV     14.58 14.61 14.74 15.18 15.27 15.31 15.39 15.41 15.25 15.11 14.93 14.08
Highest Price or Bid, NAV     $ 14.69 $ 14.76 $ 15.12 $ 15.46 $ 15.52 $ 15.28 $ 15.49 $ 15.54 $ 15.77 $ 15.28 $ 14.96 $ 14.91
Highest Price or Bid, Premium (Discount) to NAV [Percent]     (2.45%) (0.81%) 1.46% 1.62% 1.16% 3.08% 2.39% 2.25% 2.28% 0.52% 3.68% 4.16%
Lowest Price or Bid, Premium (Discount) to NAV [Percent]     (4.12%) (3.01%) (3.66%) (0.13%) (1.11%) 1.37% 0.78% (1.56%) 0.46% (3.11%) 0.80% (1.49%)
Share Price   $ 14.13 $ 14.13                      
NAV Per Share   $ 14.53 $ 14.53                      
Latest Premium (Discount) to NAV [Percent]   2.75%                        
[1] Represents the maximum commission with respect to the Common Shares being sold in this offering that the Fund may pay to the Distributor in connection with sales of Common Shares effected by the Sales Agents in this offering. There is no guarantee that there will be any sales of Common Shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of Common Shares under this Prospectus Supplement and the accompanying Prospectus, if any, may be less than as set forth in this table. In addition, the price per share of any such sale may be greater or less than the price set forth in this table, depending on the market price of the Common Shares at the time of any such sale.
[2] You will pay brokerage charges if you direct your broker or the plan agent to sell your Common Shares that you acquired pursuant to a dividend reinvestment plan. You will also bear a pro rata share of brokerage commissions incurred in connection with open-market purchases pursuant to the Fund’s Dividend Reinvestment Plan. See “Dividend Reinvestment Plan” in the accompanying Prospectus.
[3] Represents the estimated offering expenses as a percentage of the Common Share offering price at the NYSE close on August 31, 2026.
[4] The Fund pays the Adviser a monthly management fee for its investment management services in an amount equal to 1.00% of the Fund’s average daily total managed assets. In accordance with the requirements of the Commission, the table above shows the Fund’s management fee as a percentage of average net assets, which reflects the Fund’s use of leverage.
[5] Assumes the use of leverage in the form of borrowings representing 6.53% of the Fund’s total managed assets (including the amounts of leverage obtained through the use of such borrowings). See “Leverage — Effects of Leverage” and “Leverage — Credit Facility” in the accompanying Prospectus.
[6] Other expenses are estimated for the Fund’s fiscal year ended September 30, 2026.
[7] The example above should not be considered a representation of future expenses. Actual expenses may be higher or lower than those shown. The example assumes that the estimated interest expense on borrowed funds and “Other expenses” set forth in the Annual Expenses table are accurate, that the rates listed under “Total Annual Expenses” remain the same each year and that all dividends and distributions are reinvested at NAV. Actual expenses may be greater or less than those assumed. Moreover, the Fund’s actual rate of return may be greater or less than the hypothetical 5% annual return shown in the example.