Morgan Stanley Direct Lending Fund

BXSL and MSDL are both defensive BDCs with a focus on first-lien debt, sharing several similarities. MSDL's valuation is more attractive compared to BXSL, trading closer to its NAV, making it a better value investment with a slightly higher regular dividend yield. I own both BDCs, but despite BXSL's solid performance, I see a greater risk-to-reward ratio in MSDL and will continue reinvesting in it.» Mehr auf seekingalpha.com

All macro signs indicate a higher for longer scenario. There are some asset classes that can benefit from such conditions. In this article, I discuss two securities (one BDC and one REIT) that could deliver strong returns going forward, while at the same time offering tangible current income streams.» Mehr auf seekingalpha.com

Morgan Stanley Direct Lending has benefited from high interest rates but faces risks as rates are expected to decrease, potentially lowering yields from 9-10% to 6-8%. The fund's strategy focuses on senior secured loans to stable mid-sized businesses, avoiding cyclical industries, and employs leverage to enhance dividends. A significant portion of MSDL's yield is tied to floating rates, which could shrink if the Fed lowers rates, impacting net interest margins.» Mehr auf seekingalpha.com