Cris Santa Ana
About Cris Santa Ana
Cris Santa Ana (born 1965) serves as Vice President and Secretary of DoubleLine Opportunistic Credit Fund (DBL), DoubleLine Income Solutions Fund (DSL), and DoubleLine Yield Opportunities Fund (DLY). Santa Ana has served as Secretary of DBL and DSL since July 2018, and Vice President of DBL since July 2011; Santa Ana is also Chief Risk Officer of DoubleLine Group LP since June 2010 and previously served as Chief Operating Officer of DoubleLine Capital LP from December 2009 through May 2010 . Santa Ana signs DBL’s joint annual meeting proxy materials as Secretary, evidencing responsibility for fund governance documentation and shareholder communications .
Past Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| DoubleLine Capital LP | Chief Operating Officer | Dec 2009–May 2010 | Launch-phase operations leadership for adviser; role cited in proxy . |
| DoubleLine Group LP | Chief Risk Officer | Jun 2010–present | Risk oversight for adviser; role cited in proxy . |
| DoubleLine Funds Trust | Vice President | Apr 2011–present | Fund complex operations role; role cited in proxy . |
| DoubleLine Income Solutions Fund (DSL) | Vice President | Jan 2013–present | Officer of closed-end fund; role cited in proxy . |
| DoubleLine Opportunistic Credit Fund (DBL) | Vice President | Jul 2011–present | Officer of closed-end fund; role cited in proxy . |
| DBL and DSL | Secretary | Jul 2018–present | Secretary responsibilities; role cited in proxy . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| DoubleLine Group LP | Chief Risk Officer | Jun 2010–present | Adviser-level risk leadership; role cited in proxy . |
Fixed Compensation
- Officers employed by DoubleLine or its affiliates do not receive any compensation or expense reimbursement from the Funds; the proxy discloses compensation for Independent Trustees only .
- No base salary, target bonus, or cash retainers for Santa Ana are disclosed by DBL/DSL/DLY proxies; any compensation would be at the adviser (DoubleLine) level and not reported in fund proxies .
Performance Compensation
- No equity awards (RSUs/PSUs/options), performance metric weightings, targets, payouts, or vesting schedules are disclosed for Santa Ana in fund proxies; officers are not compensated by the Funds .
- No clawback, tax gross-up, deferred compensation, pension/SERP, or perquisite disclosures exist for fund officers; deferred compensation applies only to Independent Trustees per plan terms .
Equity Ownership & Alignment
- As of December 31, 2024, Trustees, nominees, and officers as a group beneficially owned less than 1% of each Fund’s outstanding common shares; individual officer holdings (including Santa Ana) are not itemized in the proxy’s ownership table .
- The proxy does not disclose pledged shares, hedging, or compliance with stock ownership guidelines for fund officers .
- Example of significant shareholder: Sit Investment Associates, Inc. beneficially owned 2,948,686 DBL shares (16.1% of class) per Schedule 13G/A reference; this is a fund-level holder, not officer ownership .
Employment Terms
| Item | Disclosure |
|---|---|
| Current titles | Vice President and Secretary of DBL; similar officer roles across DSL and DLY . |
| Term of office | Indefinite (Secretary since July 2018; Vice President since DBL inception) . |
| Business address for officer communications | c/o DoubleLine, 2002 North Tampa Street, Suite 200, Tampa, FL 33602 . |
| Shareholder communications process | Shareholders may address Board communications to “c/o Cris Santa Ana, Secretary” at the fund’s address; DoubleLine reviews and forwards communications per procedures . |
| Section 16(a) compliance | Funds report all required filings complied with for FY ended Sept 30, 2024, with one late Form 3 for a Trustee (Ciprari) at DLY; no delinquencies noted for Santa Ana . |
| Severance/change-of-control | Not disclosed for fund officers; proxies do not include employment contracts or severance economics for officers . |
| Non-compete/solicit/garden leave | Not disclosed in fund proxies . |
Investment Implications
- Compensation alignment visibility is limited: DBL/DSL/DLY proxies do not report officer pay or performance metrics, and explicitly state officers employed by DoubleLine are not compensated by the Funds. This constrains pay-for-performance analysis at the fund level .
- Tenure and continuity: Santa Ana’s long-standing roles (DBL VP since 2011; Secretary since 2018; DoubleLine Chief Risk Officer since 2010) indicate operational continuity across the DoubleLine fund complex, but adviser-level compensation and retention terms are not disclosed in fund proxies .
- Insider selling pressure and alignment: With group beneficial ownership under 1% and no officer-level pledge/hedge disclosures, direct trading signal analysis is limited; Section 16(a) compliance shows no reported delinquencies for officers in FY24 but does not provide transaction detail for Santa Ana .
- Governance role: Santa Ana’s Secretary duties include formal shareholder communication channels to the Board, reinforcing administrative governance responsibilities without conferring voting/control influence; board committee structures are independent trustee-driven .