DoubleLine Multi-Sector Income ETF Debuts at NYSE Arca for Investors Seeking Income
The DoubleLine Multi-Sector Income ETF, with the ticker symbol DMX, officially commenced trading on the NYSE Arca exchange as of December 3, 2024. This newly launched active exchange-traded fund (ETF) is primarily invested in various corporate and securitized credit securities, making it an appealing option for investors seeking both income and capital appreciation.
Management responsibilities for the fund rest with seasoned Portfolio Managers Robert Cohen and Ken Shinoda, who are well-versed in the intricacies of credit markets. Cohen, as the Director of DoubleLine's Global Developed Credit team, focuses on overseeing investments in high yield and investment-grade corporate fixed-income securities alongside bank debt. Meanwhile, Shinoda heads the Structured Products Committee and leads the non-Agency Residential Mortgage-Backed Securities (RMBS) sector. Together, they guide a team of 71 investment professionals dedicated to the fund's management.
Cohen emphasized the importance of bottom-up security selection combined with rigorous credit underwriting, indicating that the fund's goal is to construct a portfolio that not only delivers attractive yields but also maintains lower volatility compared to a portfolio concentrated exclusively on high-yield corporates. Shinoda mentioned the fund's versatility, noting that it can serve as a viable alternative to equity investments, particularly in times of stretched market valuations.
The investment methodology is comprehensive, commencing with meticulous credit underwriting and culminating in strategic portfolio construction. This construction process considers varying sectors of the fixed-income landscape and adapts based on economic cycle forecasts. Each specialized investment team is responsible for conducting fundamental research within their sectors, thereby enhancing security-level analysis before the final selection.
The DoubleLine Multi-Sector Income ETF seeks to provide a steady income stream by strategically allocating assets across diverse sectors within the fixed-income realm. The selected sectors span a wide spectrum that may encompass corporate debt securities, bank loans, residential and commercial mortgage-backed securities, asset-backed securities, and collateralized loan obligations. Such diversification aids in mitigating risk while tapping into various income-generating opportunities.
With the addition of this ETF, DoubleLine now offers a total of seven ETFs, expanding its product suite to cater to varying investor needs. The other existing funds include doubleLine Opportunistic Bond ETF (DBND), DoubleLine Mortgage ETF (DMBS), and DoubleLine Commodity Strategy ETF (DCMT), among others. This initiative reflects DoubleLine's commitment to provide thoughtful investment solutions that allow clients access to significant segments of the financial markets.
Ron Redell, President of DoubleLine, reinforced this sentiment, highlighting the strategic introduction of investment options designed to meet contemporary market challenges.
Investors considering the DoubleLine Multi-Sector Income ETF must carefully assess the fund's investment objectives, risks, charges, and expenses, as articulated in the prospectus. The fund's investment can entail potential losses, particularly during changes in interest rates and varying credit quality securities.
For those interested in exploring the prospectus and further details about the fund, they can visit DoubleLine’s website or contact DoubleLine directly. It is crucial to review the prospectus thoroughly before making any investment decisions, as investing inherently involves risk, including potential principal loss and volatility.
Management responsibilities for the fund rest with seasoned Portfolio Managers Robert Cohen and Ken Shinoda, who are well-versed in the intricacies of credit markets. Cohen, as the Director of DoubleLine's Global Developed Credit team, focuses on overseeing investments in high yield and investment-grade corporate fixed-income securities alongside bank debt. Meanwhile, Shinoda heads the Structured Products Committee and leads the non-Agency Residential Mortgage-Backed Securities (RMBS) sector. Together, they guide a team of 71 investment professionals dedicated to the fund's management.
Cohen emphasized the importance of bottom-up security selection combined with rigorous credit underwriting, indicating that the fund's goal is to construct a portfolio that not only delivers attractive yields but also maintains lower volatility compared to a portfolio concentrated exclusively on high-yield corporates. Shinoda mentioned the fund's versatility, noting that it can serve as a viable alternative to equity investments, particularly in times of stretched market valuations.
The investment methodology is comprehensive, commencing with meticulous credit underwriting and culminating in strategic portfolio construction. This construction process considers varying sectors of the fixed-income landscape and adapts based on economic cycle forecasts. Each specialized investment team is responsible for conducting fundamental research within their sectors, thereby enhancing security-level analysis before the final selection.
The DoubleLine Multi-Sector Income ETF seeks to provide a steady income stream by strategically allocating assets across diverse sectors within the fixed-income realm. The selected sectors span a wide spectrum that may encompass corporate debt securities, bank loans, residential and commercial mortgage-backed securities, asset-backed securities, and collateralized loan obligations. Such diversification aids in mitigating risk while tapping into various income-generating opportunities.
With the addition of this ETF, DoubleLine now offers a total of seven ETFs, expanding its product suite to cater to varying investor needs. The other existing funds include doubleLine Opportunistic Bond ETF (DBND), DoubleLine Mortgage ETF (DMBS), and DoubleLine Commodity Strategy ETF (DCMT), among others. This initiative reflects DoubleLine's commitment to provide thoughtful investment solutions that allow clients access to significant segments of the financial markets.
Ron Redell, President of DoubleLine, reinforced this sentiment, highlighting the strategic introduction of investment options designed to meet contemporary market challenges.
Investors considering the DoubleLine Multi-Sector Income ETF must carefully assess the fund's investment objectives, risks, charges, and expenses, as articulated in the prospectus. The fund's investment can entail potential losses, particularly during changes in interest rates and varying credit quality securities.
For those interested in exploring the prospectus and further details about the fund, they can visit DoubleLine’s website or contact DoubleLine directly. It is crucial to review the prospectus thoroughly before making any investment decisions, as investing inherently involves risk, including potential principal loss and volatility.
Topics Financial Services & Investing）
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