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

Rhea-AI Filing Summary

CCC Intelligent Solutions (CCCS) Form 4: SVP & Chief Strategy Officer Marc Fredman exercised 15,000 previously granted restricted stock units (RSUs) on 07/30/2025, converting them into common shares at a $0 exercise price (code M). Concurrently, 6,645 shares were sold or withheld (code F) at $9.78 per share, likely to cover taxes. Net result is an increase of 8,355 shares, lifting Fredman’s direct ownership to 280,635 shares.

The RSUs stem from a July 30 2021 grant that vests 25% annually over four years. No derivative positions remain after this transaction. At the 07/30 closing price of $9.78, the gross market value of shares acquired equals about $146.7 k; shares disposed are valued at roughly $65.0 k, implying a net market value addition of ≈$81.7 k.

Positive

• Net insider share increase: Fredman added 8,355 shares, boosting direct ownership to 280,635 and signaling continued commitment.
• No remaining derivatives from this grant: eliminates potential dilution from these RSUs.

Negative

• Portion of shares sold/withheld: 6,645 shares disposed at $9.78, offsetting part of the acquisition; typical tax event but limits net purchase size.

Insights

Equity Analyst

TL;DR Modest insider net buy (8.3k shares) indicates confidence; routine RSU vesting with tax sell-to-cover.

The transaction is primarily administrative—RSUs vest and settle, increasing Fredman’s stake. The net purchase, though small relative to CCCS’s 618 m shares outstanding, signals incremental insider alignment. The $9.78 reference price is near recent trading levels, so no valuation signal arises. Lack of additional derivative holdings removes overhang risk from this specific grant. Impact on float and insider ownership percentage is immaterial (<0.01% change). Overall market impact: neutral to slightly positive due to insider accumulation.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DoubleLine ETF Trust

(Name of Issuer)

Exchange Traded Product

(Title of Class of Securities)

25861R303

(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. 25861R303

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 331,884.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

331,884.00

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)

5.5 %

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.: 25861R303
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: 331,884
(b)	Percent of class: 5.5 %
(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 - 331,884
	(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:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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:	08/01/2025

FAQ

How many CCCS shares did Marc Fredman acquire on 07/30/2025?

He acquired 15,000 shares through RSU conversion and kept a net 8,355 shares after tax withholding.

What is the new total shareholding of Marc Fredman in CCCS?

Post-transaction, Fredman directly owns 280,635 common shares.

At what price were the disposed shares sold or withheld?

Disposed shares were priced at $9.78 per share.

Why were some CCCS shares sold on the same day?

6,645 shares were sold/withheld (code F) likely for tax-withholding purposes related to the RSU vesting.

Does this Form 4 indicate additional dilution risk?

No. The RSUs involved have been fully exercised, leaving no derivative units from this grant outstanding.