DoubleLine ETF Adviser LP has reduced the management fee for the DoubleLine Mortgage ETF (NYSE Arca: DMBS) from 49 to 39 basis points of the fund's average daily net asset value. The ETF, launched in 2023, primarily invests in residential mortgage-backed securities (RMBS), aiming to outperform the Bloomberg US Mortgage-Backed Securities Index. The fee reduction comes as a result of the fund's growth in net assets, allowing DoubleLine to pass on operating efficiencies to investors.
The Mortgage ETF is actively managed by a team led by Jeffrey Gundlach, Vitaliy Liberman, and Ken Shinoda. It focuses on high-quality RMBS, including both Agency and non-Agency MBS, with the flexibility to invest in other fixed income securities. The fund's portfolio duration is typically managed within two years of its benchmark.
TAMPA, Fla., April 4, 2023 /PRNewswire/ -- DoubleLine launched two new ETFs: the DoubleLine Mortgage ETF (DMBS) and the DoubleLine Commercial Real Estate ETF (DCMB), now trading on the NYSE Arca. The Mortgage ETF aims to outperform the Bloomberg US Mortgage-Backed Securities Index by investing primarily in high-quality residential mortgage-backed securities. Managed by a team led by Jeffrey Gundlach, it seeks enhanced risk-adjusted returns. The Commercial Real Estate ETF focuses on senior commercial real estate debt and aims for capital preservation while employing active management for security selection.