[SCHEDULE 13G/A] DoubleLine Multi-Sector Income ETF SEC Filing

Rhea-AI Filing Summary

The filing reports that FOUNDATIONS INVESTMENT ADVISORS, LLC beneficially owns 291,575 shares of the DoubleLine ETF Trust exchange traded product (CUSIP 25861R600), representing 54% of the class. The filer discloses sole dispositive power over those shares but reports no sole or shared voting power. The statement is filed as an amendment to Schedule 13G and is certified by the CCO, indicating the filer is an investment adviser organized in Arizona with its principal office in Phoenix.

Positive

• Beneficial ownership of 54% (291,575 shares) is disclosed, indicating a material economic position
• Sole dispositive power over 291,575 shares, meaning the filer can sell or transfer the holdings

Negative

• No sole or shared voting power is reported despite majority beneficial ownership, limiting clarity on governance influence
• Filing is an amendment (Amendment No. 7), but the document does not explain prior changes or provide context for amendments

Insights

Financial Analyst

TL;DR: A single investment adviser reports a majority economic stake (54%), which is materially significant for holders and pricing.

The reported 291,575-share stake equals a majority economic interest in this ETF share class at 54%, which is material for liquidity and potential control of economic outcomes such as large redemptions or placements. The filer states sole dispositive authority, meaning they can sell or otherwise dispose of shares, which could affect supply and market dynamics. The filing does not disclose voting authority, board influence, or arrangements with the issuer, limiting inference about governance impact.

Corporate Governance Expert

TL;DR: Majority beneficial ownership with no voting power raises governance questions but the filing lacks detail on voting arrangements.

The schedule shows 0 voting power despite a 54% beneficial holding, which is unusual and suggests shares may be held in a non-voting or pass-through form, or voting rights are exercised by others. Without supplemental disclosure on voting agreements or nominee arrangements, the filing provides limited insight into control or governance influence. This absence of voting disclosure constrains assessment of any change in control or director influence.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

DoubleLine ETF Trust

(Name of Issuer)

EXCHANGE TRADED PRODUCT

(Title of Class of Securities)

25861R600

(CUSIP Number)

08/31/2025

(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. 25861R600

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 291,575.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

291,575.00

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)

54 %

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.: 25861R600
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: 291,575
(b)	Percent of class: 54 %
(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 - 291,575
	(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:	09/05/2025

FAQ

How many shares of DMX does FOUNDATIONS INVESTMENT ADVISORS, LLC report owning?

The filing reports 291,575 shares of DMX, representing 54% of the class.

Does FOUNDATIONS INVESTMENT ADVISORS, LLC report voting control of DMX?

No; the filing reports 0 sole voting power and 0 shared voting power.

What authority does the filer have over the DMX shares?

The filer reports sole dispositive power over the 291,575 shares, meaning they can direct disposition of the shares.

What entity filed this Schedule 13G/A for DMX?

The filing was submitted by FOUNDATIONS INVESTMENT ADVISORS, LLC, an Arizona-registered investment adviser.

When was the certification signed for this filing?

The signature block shows the document was signed and dated 09/05/2025 by the CCO, Marc Pugsley.