Foundations Investment Advisors Discloses Significant 14.6% Holding in DoubleLine ETF

Rhea-AI Filing Summary

On 28 Jul 2025, Foundations Investment Advisors, LLC filed Amendment No. 2 to Schedule 13G disclosing that it beneficially owns 134,630 shares of DoubleLine Multi-Sector Income ETF (CUSIP 25861R709), representing 14.6 % of the outstanding class as of 30 Jun 2025.

The Arizona-based registered investment adviser reports:

• Sole voting power: 0
• Shared voting power: 0
• Sole dispositive power: 134,630
• Shared dispositive power: 0

Because its ownership exceeds the 5 % threshold, the firm is required to disclose its position under Section 13(d). The filing is informational only; it contains no purchase prices, transaction dates, or stated activist intentions. Lack of voting authority suggests Foundations manages the position on behalf of clients rather than seeking to influence ETF governance.

Insights

Financial Analyst

TL;DR: Foundations discloses 14.6 % DMX stake; adds institutional support but no voting power—neutral, informative, modestly positive for liquidity perception.

The filing identifies Foundations Investment Advisors as a significant holder, elevating institutional ownership in DMX. Sole dispositive—but zero voting—power implies the shares are client assets managed passively, so governance impact is minimal. While the 14.6 % stake may improve ETF liquidity and signal adviser confidence, no transaction details or intent language reduces predictive value. Overall market impact is modest; investors gain transparency rather than a catalyst.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

DoubleLine ETF Trust

(Name of Issuer)

Exchange Traded Product

(Title of Class of Securities)

25861R709

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 25861R709

1

Names of Reporting Persons

FOUNDATIONS INVESTMENT ADVISORS, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ARIZONA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 134,630.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

134,630.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DoubleLine ETF Trust
(b)	Address of issuer's principal executive offices: 2002 NORTH TAMPA STREET, TAMPA, FLORIDA 33602
Item 2.
(a)	Name of person filing: FOUNDATIONS INVESTMENT ADVISORS, LLC
(b)	Address or principal business office or, if none, residence: 4050 E. COTTON CENTER BLVD. SUITE 40 PHOENIX, Arizona 85040
(c)	Citizenship: FOUNDATIONS INVESTMENT ADVISORS, LLC - ARIZONA
(d)	Title of class of securities: Exchange Traded Product
(e)	CUSIP No.: 25861R709
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 134,630
(b)	Percent of class: 14.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: FOUNDATIONS INVESTMENT ADVISORS, LLC - 0
	(ii) Shared power to vote or to direct the vote: FOUNDATIONS INVESTMENT ADVISORS, LLC - 0
	(iii) Sole power to dispose or to direct the disposition of: FOUNDATIONS INVESTMENT ADVISORS, LLC - 134,630
	(iv) Shared power to dispose or to direct the disposition of: FOUNDATIONS INVESTMENT ADVISORS, LLC - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FOUNDATIONS INVESTMENT ADVISORS, LLC

Signature:	/s/Marc Pugsley
Name/Title:	CCO
Date:	07/28/2025

FAQ

What percentage of DoubleLine Multi-Sector Income ETF (DMX) does Foundations Investment Advisors own?

The filing shows Foundations beneficially owns 14.6 %, equal to 134,630 shares.

Why was a Schedule 13G/A filed for DMX?

Crossing the 5 % ownership threshold requires public disclosure under SEC Rule 13d; Foundations reported its 14.6 % stake via this amendment.

Does Foundations Investment Advisors have voting power over its DMX shares?

No. The adviser reports 0 shares with sole or shared voting power, meaning it cannot vote the shares.

What is the CUSIP number referenced in the filing?

The ETF’s CUSIP is 25861R709.

What event date triggered this ownership disclosure?

The relevant event date is 30 June 2025, with the filing signed on 28 July 2025.