DoubleLine Asset-Backed Securities ETF Lists on NYSE Arca Exchange
DoubleLine has launched its new Asset-Backed Securities ETF (DABS) on the NYSE Arca Exchange, focusing on high-grade asset-backed securities (ABS). The actively managed ETF aims for long-term total return and current income generation through investments in various ABS, including those backed by consumer loans and hard assets like aircraft, shipping, data centers, and infrastructure.
The fund is managed by Portfolio Managers Andrew Hsu and Fifi Wong, who have been with DoubleLine since its 2009 founding. The company's ABS team currently manages $4.7 billion in ABS across multi-sector portfolios. This new ETF offers investors access to a diversified, high-grade ABS portfolio through an actively managed exchange-traded vehicle.
DoubleLine ha lanciato il suo nuovo ETF di Titoli Garantiti da Attività (DABS) sulla Borsa NYSE Arca, concentrandosi su titoli garantiti da attività di alta qualità (ABS). L'ETF gestito attivamente mira a ottenere un rendimento totale a lungo termine e a generare reddito attuale attraverso investimenti in vari ABS, inclusi quelli garantiti da prestiti al consumo e beni materiali come aerei, navi, centri dati e infrastrutture.
Il fondo è gestito dai Portfolio Manager Andrew Hsu e Fifi Wong, che sono con DoubleLine sin dalla sua fondazione nel 2009. Il team ABS dell'azienda gestisce attualmente 4,7 miliardi di dollari in ABS attraverso portafogli multi-settore. Questo nuovo ETF offre agli investitori l'accesso a un portafoglio diversificato di ABS di alta qualità tramite un veicolo negoziato attivamente.
DoubleLine ha lanzado su nuevo ETF de Valores Respaldados por Activos (DABS) en la Bolsa NYSE Arca, enfocándose en valores respaldados por activos de alta calidad (ABS). El ETF, gestionado activamente, tiene como objetivo obtener un rendimiento total a largo plazo y generar ingresos actuales a través de inversiones en varios ABS, incluidos aquellos respaldados por préstamos al consumidor y activos tangibles como aviones, barcos, centros de datos e infraestructura.
El fondo es gestionado por los Administradores de Portafolio Andrew Hsu y Fifi Wong, quienes han estado con DoubleLine desde su fundación en 2009. El equipo de ABS de la compañía actualmente gestiona 4.7 mil millones de dólares en ABS a través de carteras multisectoriales. Este nuevo ETF ofrece a los inversores acceso a un portafolio diversificado de ABS de alta calidad a través de un vehículo cotizado activamente.
더블라인(DoubleLine)이 NYSE 아르카 거래소에 새로운 자산담보증권 ETF(DABS)를 출시했습니다. 이 ETF는 고급 자산담보증권(ABS)에 초점을 맞추고 있습니다. 적극적으로 관리되는 이 ETF는 소비자 대출 및 항공기, 선박, 데이터 센터, 인프라와 같은 실물 자산에 대한 투자를 통해 장기적인 총 수익과 현재 수익 창출을 목표로 합니다.
이 펀드는 2009년 더블라인 설립 이후 함께한 포트폴리오 매니저 앤드류 수(Andrew Hsu)와 피피 웡(Fifi Wong)이 관리합니다. 회사의 ABS 팀은 현재 다중 섹터 포트폴리오에서 47억 달러의 ABS를 관리하고 있습니다. 이 새로운 ETF는 투자자에게 적극적으로 관리되는 거래소 거래 수단을 통해 다양한 고급 ABS 포트폴리오에 접근할 수 있는 기회를 제공합니다.
DoubleLine a lancé son nouveau Fonds Négocié en Bourse de Titres Adossés à des Actifs (DABS) sur la Bourse NYSE Arca, en se concentrant sur des titres adossés à des actifs de haute qualité (ABS). Le fonds négocié en bourse, géré activement, vise un rendement total à long terme et la génération de revenus actuels grâce à des investissements dans divers ABS, y compris ceux adossés à des prêts aux consommateurs et à des actifs tangibles tels que des avions, des navires, des centres de données et des infrastructures.
Le fonds est géré par les gestionnaires de portefeuille Andrew Hsu et Fifi Wong, qui sont avec DoubleLine depuis sa création en 2009. L'équipe ABS de l'entreprise gère actuellement 4,7 milliards de dollars en ABS à travers des portefeuilles multi-sectoriels. Ce nouveau fonds négocié en bourse offre aux investisseurs un accès à un portefeuille diversifié d'ABS de haute qualité grâce à un véhicule négocié activement.
DoubleLine hat seinen neuen ETF für Asset-Backed Securities (DABS) an der NYSE Arca Börse gestartet, der sich auf hochwertige asset-backed securities (ABS) konzentriert. Der aktiv verwaltete ETF zielt darauf ab, langfristige Gesamtrendite und aktuelle Einkommensgenerierung durch Investitionen in verschiedene ABS zu erreichen, einschließlich solcher, die durch Verbraucherkredite und materielle Vermögenswerte wie Flugzeuge, Schiffe, Rechenzentren und Infrastruktur gesichert sind.
Der Fonds wird von den Portfoliomanagern Andrew Hsu und Fifi Wong geleitet, die seit der Gründung von DoubleLine im Jahr 2009 dabei sind. Das ABS-Team des Unternehmens verwaltet derzeit 4,7 Milliarden Dollar in ABS über Multi-Sektor-Portfolios. Dieser neue ETF bietet Investoren den Zugang zu einem diversifizierten, hochwertigen ABS-Portfolio durch ein aktiv verwaltetes börsennotiertes Vehikel.
- Launch of new actively managed ETF expands product offering
- Significant ABS management experience with $4.7B AUM in the strategy
- Portfolio managers have extensive experience since company founding in 2009
- None.
Insights
DoubleLine's launch of the Asset-Backed Securities ETF (DABS) represents a strategic product expansion targeting the growing asset-backed securities market. This actively managed ETF provides investors with dedicated exposure to high-grade ABS backed by diverse collateral including consumer loans and hard assets like aircraft, data centers, and infrastructure.
The ETF structure offers several advantages over traditional fund formats, including intraday liquidity, potentially lower investment minimums, and greater tax efficiency. DoubleLine is leveraging its $4.7 billion in existing ABS assets under management and the expertise of long-tenured portfolio managers to differentiate this offering in the increasingly competitive ETF marketplace.
From a business perspective, this launch diversifies DoubleLine's product lineup and distribution channels, potentially attracting new investor segments. However, success will ultimately depend on the fund's ability to gather assets in a competitive landscape where investor appetite for specialized fixed income products can be sensitive to interest rate cycles and credit conditions.
The announcement lacks critical details such as the expense ratio, initial fund size, and specific portfolio construction parameters that would help assess the ETF's competitive positioning. While product expansion is generally positive, the immediate revenue impact remains uncertain without visibility into asset gathering projections.
DoubleLine's timing with this ABS-focused ETF launch aligns with investor demand for specialized fixed income exposures that can provide both yield and potential protection against certain market risks. Asset-backed securities offer unique characteristics compared to traditional corporate or government bonds, including structural protections through securitization and cash flows backed by specific asset pools.
The active management approach is particularly relevant in the ABS market, where security selection and structural analysis can significantly impact risk-adjusted returns. ABS markets contain diverse sub-sectors with varying risk profiles – from consumer credit to hard assets – requiring specialized expertise to navigate effectively.
Portfolio managers Hsu and Wong bring significant experience dating back to DoubleLine's founding, suggesting continuity in investment approach. Their comments about the ABS market's growth in "size and breadth" reflect the evolution of this market segment, which has expanded beyond traditional consumer loan securitizations to include specialized areas like data centers and renewable energy infrastructure.
For investors, this ETF offers a way to potentially enhance portfolio diversification beyond traditional fixed income exposures. However, the specific positioning within the ABS market and risk parameters will be critical factors determining performance outcomes. Without details on portfolio construction rules or risk limits, investors should evaluate the fund's approach after observing its initial portfolio composition and performance characteristics.
Leading the team managing the DoubleLine Asset-Backed Securities ETF ("DABS" or "the Fund") are its Portfolio Managers Andrew Hsu and Fifi Wong.
The Fund's objective is long-term total return and generation of current income. DABS seeks to achieve its investment objective by investing primarily in asset-backed securities. The Fund may invest in asset-backed securities of any kind, including those collateralized by consumer loans or hard assets (including those relating to aircraft, shipping assets, data centers, energy, renewable power and/or other infrastructure assets and infrastructure-related assets).
For the Fund's prospectus, please click on this link.
"The growth in the ABS market, both in size and breadth, has resulted in new opportunities for investors in terms of current income, risk-adjusted return and diversification, particularly with respect to traditional credit," Mr. Hsu said. "DoubleLine's tenured Asset-Backed Securities team manages
The DABS portfolio managers have served on DoubleLine's investment team since the firm's founding in 2009.
Mr. Hsu, CFA, head of DoubleLine's ABS team, also is a structured Products Portfolio manager and permanent member of DoubleLine's Fixed Income Asset Allocation and Structured Products committees. Prior to that, he was responsible for analysis and trading of structured products, where his focus included residential mortgage-backed securities (RMBS) and ABS transactions. Mr. Hsu's responsibilities have also included structuring and negotiating terms on new-issue transactions and forming strategic partnerships with issuing entities in order to participate in key transactions. Prior to DoubleLine, he worked at TCW from 2002, where he focused on credit analysis for structured product securities and co-managed two structured product funds centered on debt and equity investments. He holds a B.S. in Finance from the University of
Ms. Wong is s a Portfolio Manager on the ABS team and a contributing member of the Structured Products Committee. In her previous role at the firm, Ms. Wong was a Manager on the Risk Management team, focusing on credit research, risk analytics and portfolio surveillance, especially in relation to securitization-oriented strategies. Prior to DoubleLine, she was an Assistant Vice President at TCW, where she was a Structured Products Risk Analyst. Ms. Wong holds a B.S. in Mathematics/Economics from the University of
About the DoubleLine Asset-Backed Investment Team
The Asset-Backed Securities Investment team manages
About DoubleLine
DoubleLine ETF Adviser LP is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine's offices can be reached by telephone at (813) 791-7333 or by email at ETFinfo@doubleline.com. Media can reach DoubleLine by email at media@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.
A fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory prospectus and summary prospectus contain this and other important information about the fund and may be obtained by clicking here. In addition, a free hard copy is available by calling (855) 937-0772. Please read the prospectus carefully before investing.
Investing involves risk. Principal loss is possible.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.
Investments in ABS and MBS include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.
Investments in floating rate securities include additional risks that investors should be aware of such as credit risk, interest rate risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.
The fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.
The fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the Fund to be more volatile than if leverage was not used.
Derivatives involve special risks including correlation, counterparty, liquidity, operational, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments.
Investing in ETFs involves additional risks such as the market price of the shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares.
Yield to maturity (YTM) does not represent return. YTM provides a summary measurement of an investment's cash flows, including principal received at maturity based on a given price. Actual yields may fluctuate due to a number of factors such as the holding period, changes in reinvestment rates as cash flows are received and redeployed, receipt of timely income and principal payments. DoubleLine views YTM as a characteristic of a portfolio of holdings often used, along with other risk measures such as duration and spread, to determine the relative attractiveness of an investment.
DoubleLine ETFs are distributed by Foreside Fund Services, LLC.
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SOURCE DoubleLine
FAQ
What is the investment objective of DoubleLine's DABS ETF?
What types of assets does the DABS ETF invest in?
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