DoubleLine News Releases -

TAMPA, Fla., Sept. 22, 2025 /PRNewswire/ – Ali Zaidi, previously Head of Client Business for the Middle East and North Africa, Goldman Sachs Asset Management, has joined DoubleLine Capital as Head of International Client Business.

Mr. Zaidi leads the firm’s international client team in developing business and serving clients outside the United States. He and his team assist clients in matching their return and risk-management goals to active investment strategies adapted to a world undergoing secular as well as cyclical change. Based at DoubleLine’s Dubai office, Mr. Zaidi reports to DoubleLine President Ron Redell.

“Under the leadership of CEO Jeffrey Gundlach and on the strength of our long-tenured investment team and our client-centered service, DoubleLine has established itself as a leading active asset manager,” Mr. Redell said. “I’m delighted to welcome Ali on board. His broad experience will elevate our firm in bringing to global clients our asset-management expertise.”

“As an independent employee-owned firm, DoubleLine has an alignment of interest and values that resonates with clients. I am excited to join and deliver our firm’s thought leadership and fixed income expertise to our global clients," adds Mr. Zaidi.

Before joining DoubleLine, Mr. Zaidi served from December 2010 to mid-September 2025 at Goldman Sachs Asset Management as Managing Director, Head of Client Business MENA & New Markets, Dubai. In that role, he managed a team of client-coverage professionals based in London, Riyadh, Dubai, Abu Dhabi and Doha.

In previous roles, Mr. Zaidi worked in structuring and sales of credit and structured products (including Sharia-compliant products); financial control of equities and equity derivatives; and auditing in financial services. During his career he has been based in London, Kuala Lumpur and Dubai.

Mr. Zaidi is a Fellow of The Institute of Chartered Accountants of England and Wales (ICAEW).

To download this News Release in PDF format, click here

About DoubleLine

DoubleLine Capital 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 info@doubleline.com. In addition to its headquarters in Tampa, FL, and an office in Los Angeles, DoubleLine has offices in Dubai, London and Tokyo. Media can reach DoubleLine by email at media@doubleline.com.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

DBND Generated Higher Return with Less Risk than Benchmark and Fund Category Average

TAMPA, Fla., April 17, 2025 /PRNewswire/ – The DoubleLine Opportunistic Core Bond ETF (ticker symbol DBND), an actively managed exchange-traded fund launched March 31, 2022, on the NYSE Arca electronic exchange, now has a three-year track record.

For the three years ended March 31, 2025, the DoubleLine Opportunistic Core Bond ETF (DBND or the Fund) delivered an annualized return of 1.66% (based on net asset value). DBND’s benchmark, the Bloomberg US Aggregate Bond Index (the Aggregate), produced an annualized return of 0.52% for the same period. The average annualized return for DBND’s Morningstar fund category, Intermediate Core-Plus Bond, 0.92%. DBND delivered that excess return with less risk than the benchmark and the fund category average as measured by return volatility and maximum drawdown.

DBND Performance as of March 31, 2025

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance current to the most recent month-end may be obtained by calling (855) 937-0772 or by visiting doublelineucits.com.
Performance greater than one year is annualized.
Source: DoubleLine, Morningstar; Category: Intermediate Core-Plus Bond.

Active Management
DoubleLine Deputy Chief Investment Officer Jeffrey Sherman, portfolio manager of DBND with DoubleLine CEO and Chief Investment Officer Jeffrey Gundlach, said active management through DoubleLine’s Fixed Income Asset Allocation (FIAA) process has been key in negotiating the unfolding fixed income markets. This includes top-down sector allocation and management of duration (aka interest-rate sensitivity) as well as bottom-up security selection and credit analysis.

For example, the portfolio, Mr. Sherman noted, was allocated 48.5% to government and government guaranteed securities – specifically, U.S. Treasuries and Agency mortgage-backed securities (Agency MBS) – 51.5% to credit, including corporate bonds, bank debt, non-Agency MBS, commercial mortgage-backed securities (CMBS), as of March 31, 2025. By comparison, at its launch on March 31, 2022, DBND was allocated 36.5% to government and government-guaranteed securities and 63.5% to credit. “Over the past two years, we upgraded the credit quality of the credit allocation of the portfolio. In February this year, we sold credit to add government-backed paper.”

Risk-Adjusted Performance
DBND Risk-Adjusted Performance as of March 31, 2025

The results of the investment team’s active management over the three years ended March 31, 2025, can be measured in commonly used risk metrics. While delivering an annualized return superior to the Aggregate and the average of the Morningstar Intermediate Core-Plus Bond fund catetory, DBND did so with less return volatility as measured by standard deviation (DBND 7.08%; fund category 7.51%; benchmark 7.67%) and a lower maximum drawdown (DBND -8.92%; -10.77% fund category; benchmark -10.40%). Maximum drawdown is an asset or fund’s largest peak-to-trough decline over a given period.

“Along with relative values among different debt sectors, the drivers of risk and return change over time in these markets,” Mr. Sherman said. “So an active approach is important for success not only over the long term but also the medium term. That should be clear today in 2025 with the horizon obscured by market noise, policy uncertainty and by changes, possibly even reversals, in decades-long investment trends and economic regimes.”

Objective
The objective of DBND is to maximize current income and total return by, under normal circumstances, investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. DBND can invest across the credit spectrum, including up to 50% in below-investment-grade bonds, and across the capital structure throughout the sectors of the global fixed-income universe. Under normal market conditions, the portfolio managers intend to construct an investment portfolio with an average effective duration of no less than two years and no more than eight years.

DoubleLine Exchange-Traded Funds
Including DBND, DoubleLine ETF Adviser LP is adviser to eight ETFs. The other seven are fixed income funds DoubleLine Asset-Backed Securities ETF (DABS), DoubleLine Commercial Real Estate ETF (DCRE), DoubleLine Mortgage ETF (DMBS) and DoubleLine Multi-Sector Income ETF (DMX); equity funds DoubleLine Fortune 500 Equal Weight ETF (DFVE) and DoubleLine Shiller CAPE® U.S. Equities ETF (CAPE); and DoubleLine Commodity Strategy ETF (DCMT).

For information on all DoubleLine ETFs, please visit the following web page: https://doubleline.com/doubleline-exchange-traded-funds/

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.

For the PDF version of this news release, click here.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contain this and other important information about the investment company, and may be obtained by calling (855) 937-0772, or visiting doubleline.com. Read them carefully before investing.

Definitions
Bloomberg US Aggregate Bond Index - This index (the “Agg”) represents securities that are SEC registered, taxable and U.S. dollar denominated. It covers the U.S. investment grade, fixed-rate bond market, with components for government and corporate securities, mortgage pass-through securities and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

Risk Disclosure
Investing involves risk and 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. 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.

DoubleLine ETFs are distributed by Foreside Fund Distributors, LLC.
DoubleLine® is a registered trademark of DoubleLine Capital LP.
©2025 DoubleLine Capital LP

TAMPA, Fla., March 4, 2025 /PRNewswire/ – The DoubleLine Asset-Backed Securities ETF (Ticker Symbol: DABS), an actively managed exchange-traded fund invested in high-grade grade asset-backed securities (ABS) backed by consumer and hard-asset securitizations, begins trading today on the NYSE Arca Exchange, DoubleLine announced.

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 $4.7 billion in ABS in multi-sector portfolios. Investors now have access to a pure play in diversified, high-grade ABS through an actively managed exchange-traded fund.”

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 Southern California.

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 California, Los Angeles.

About the DoubleLine Asset-Backed Investment Team

The Asset-Backed Securities Investment team manages $5.4 billion in ABS and Infrastructure investments as of the close of the fourth quarter 2024. Its seven members have worked together since 2013 and call upon, among other professionals, the additional support of 58 corporate and structured-products analysts and 21 risk analysts at DoubleLine. DoubleLine enjoys captive sourcing channels including securitizations of financings of data centers and other telecommunications infrastructure. The team has extensive experience in public and private ABS markets across the risk spectrum.

For the PDF version of this news release, click here.

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.

TAMPA, Fla., Jan. 23, 2025 /PRNewswire/ – The name of the DoubleLine Opportunistic Bond ETF (Ticker Symbol: DBND), an actively managed exchange-traded fund, will change to DoubleLine Opportunistic Core Bond ETF, effective Feb. 3, DoubleLine announced.

DoubleLine ETF Adviser LP, adviser to DBND, also will reduce the fund’s management fee, effective Feb. 3, to 45 basis points (bps) of the fund’s average daily net asset value from 50 bps. (A basis point equals one-hundredth of 1 percent or 0.01%.)

DoubleLine Deputy Chief Investment Officer Jeffrey Sherman, portfolio manager of DBND with DoubleLine CEO and Chief Investment Officer Jeffrey Gundlach, said the name change better reflects the exchange-traded fund’s place within the ensemble of multi-sector strategies managed through DoubleLine’s Fixed Income Asset Allocation (FIAA) process.

“As part of our FIAA strategy suite, adding ‘Core’ to DBND’s name is consistent with how we have always managed this fund,” Mr. Sherman said. “In addition, we believe the name change helps investors and clients distinguish the role or solution that DBND seeks to provide.”

The objective of DBND is to maximize current income and total return by, under normal circumstances, investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. DBND can invest across the credit spectrum, including up to 50% in below-investment-grade bonds, and across the capital structure throughout the sectors of the global fixed-income universe. Under normal market conditions, the portfolio managers intend to construct an investment portfolio with an average effective duration of no less than two years and no more than eight years.

Top-down and bottom-up investment approaches are integrated into portfolio construction and ongoing portfolio management.

At the top-down level, the FIAA Committee meets monthly to form a macroeconomic outlook while assessing potential opportunities and risks across the fixed income landscape. This informs committee decisions on portfolio characteristics, including weightings in the different sectors of the fixed income universe, credit exposure and duration. The permanent FIAA Committee members are Mr. Gundlach; Mr. Sherman, who heads the Macro Asset Allocation team; and the heads of the investment teams focused on the different sectors of the fixed income universe.

At the bottom-up level, investment teams dedicated to their respective markets conduct fundamental analysis and research, determine relative values and decide security selection. Each step in the process is aimed at finding the most-attractive reward-to-risk and relative-value opportunities.

DBND Quarterly Returns as of 12-31-24

Performance reported for time periods greater than one year is annualized.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance current to the most recent month-end may be obtained by calling (855) 937-0772 or by visiting doublelineucits.com.

The heads of the sector-focused investment teams serving as permanent members of the FIAA Committee are: Vitaliy Liberman, Agency Mortgage-Backed Securities (MBS); Ken Shinoda, Non-Agency MBS; Morris Chen, Commercial MBS/Commercial Real Estate; Robert Cohen, Global Developed Credit, including teams dedicated to investment grade and high yield bonds and bank loans; Andrew Hsu, Asset-Backed Securities and Infrastructure Debt; Sam Garza, Collateralized Loan Obligations; Bill Campbell, Global Sovereign Debt, including U.S. Treasuries and Luz Padilla, Emerging Markets Fixed Income. Jeff Mayberry and Ryan Kimmel serve as allocation strategists to the committee.

Including DBND, DoubleLine ETF Adviser LP is adviser to seven ETFs. The other six are fixed income funds DoubleLine Commercial Real Estate ETF (DCRE), DoubleLine Mortgage ETF (DMBS) and DoubleLine Multi-Sector Income ETF (DMX); equity funds DoubleLine Fortune 500 Equal Weight ETF (DFVE) and DoubleLine Shiller CAPE® U.S. Equities ETF (CAPE); and DoubleLine Commodity Strategy ETF (DCMT).

For information on all DoubleLine ETFs, please visit the following web page: https://doubleline.com/doubleline-exchange-traded-funds/

For the PDF version of this news release, click here.

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.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contain this and other important information about the investment company, and may be obtained by calling (855) 937-0772, or visiting www.doubleline.com. Read them carefully before investing.

Bloomberg US Aggregate Bond Index - This index (the “Agg”) represents securities that are SEC registered, taxable and U.S. dollar denominated. It covers the U.S. investment grade, fixed-rate bond market, with components for government and corporate securities, mortgage pass-through securities and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

Investing involves risk and 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. 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.

DoubleLine ETFs are distributed by Foreside Fund Distributors, LLC.
DoubleLine® is a registered trademark of DoubleLine Capital LP.
©2025 DoubleLine Capital LP

TAMPA, Fla., Dec. 3, 2024 /PRNewswire/ – The DoubleLine Multi-Sector Income ETF (Ticker Symbol: DMX), an actively managed exchange-traded fund (ETF) invested primarily in corporate and securitized credit, began trading today on the NYSE Arca exchange.

Leading the team managing the DoubleLine Multi-Sector Income ETF (or “the Fund”) are its Portfolio Managers: Robert Cohen, Director of DoubleLine’s Corporate Credit team, which invests in investment grade and high yield corporate fixed-income securities, and bank debt; and Ken Shinoda, Chairman of the firm’s Structured Products Committee and lead Portfolio Manager on the non‑Agency Residential Mortgage-Backed Securities (RMBS) team. Integrated into the investment and risk management program of the Fund are credit teams comprising 71 investment professionals.

Messrs. Cohen and Shinoda noted the Fund will seek to deliver its investment objectives of income and capital appreciation principally through bottom-up security selection and credit underwriting as well as top-down sector allocation.

“Through individual security selection across credit markets,” Mr. Cohen said, “we aim to build a portfolio that provides attractive yields and income with potentially lower volatility than one composed solely of high yield corporates.”

Portfolio Managers Cohen and Shinoda see several investment roles for the Fund, including as an alternative to equities given stretched stock valuations or as a complement to core fixed-income holdings.

“The investment process begins with bottom-up credit underwriting and ends with portfolio construction,” Mr. Shinoda said. “The latter takes into consideration relative value among the different sectors and builds an asset allocation based on our outlook on the economic cycle. Specialized investment teams conduct fundamental research on their respective sectors of the fixed income universe and security-level analysis. Portfolio managers construct the portfolio in an effort to contain complementary and diversified risk factors and sources of return. Security and sector exposures are repositioned through time to manage evolving risks over a market cycle.”

For the DoubleLine Multi-Sector Income ETF prospectus, please click on the following link: https://pex.broadridge.com/summary.asp?doctype=pros&cid=dbline&fid=25861R709

The DoubleLine Multi-Sector Income ETF focuses on targeting securities that generate high current income. The Fund seeks to achieve its investment objectives by active asset allocation among various sectors within the fixed income markets and security selection within the selected sectors. These sectors may include, for example, corporate debt securities, bank loans, RMBS, commercial mortgage-backed securities (CMBS), asset-backed securities (ABS) and collateralized loan obligations (CLOs).

DoubleLine ETF Adviser LP, adviser to the Fund, has broad flexibility to use various investment strategies and invest in a wide variety of fixed income instruments. The Fund expects to invest significantly in one or more sectors and may at times invest primarily in a single sector. The Fund may invest in securities of any credit quality, including without limit in securities rated below investment grade.

Robert Cohen became DoubleLine’s Director of Corporate Credit in September 2016 and has been a Portfolio Manager since July 2012. He oversees investment teams managing investment grade and high yield corporate credit, as well as bank loans. Mr. Cohen is a permanent member of the Fixed Income Asset Allocation Committee and is a CFA® charterholder.

Ken Shinoda joined DoubleLine at the firm’s founding in 2009. He is the Chairman of the Structured Products Committee and the lead Portfolio Manager overseeing the non‑Agency RMBS team. He is a permanent member of the Fixed Income Asset Allocation Committee. He is a CFA® charterholder.

The DoubleLine Multi-Sector Income ETF brings the number of DoubleLine ETFs to seven. The other six are fixed income funds DoubleLine Opportunistic Bond ETF (ticker DBND), DoubleLine Mortgage ETF (DMBS) and DoubleLine Commercial Real Estate ETF (DCRE); equity funds DoubleLine Shiller CAPE® U.S. Equities ETF (CAPE) and DoubleLine Fortune 500 Equal Weight ETF (DFVE); and DoubleLine Commodity Strategy ETF (DCMT).

“We continue to expand our ETF product suite with thoughtful investment solutions that offer our clients unique access to valuable segments of the market,” DoubleLine President Ron Redell said.

For information on all DoubleLine ETFs, please visit the following web page: https://doubleline.com/doubleline-exchange-traded-funds/

For the PDF version of this News Release, click here.

About DoubleLine

DoubleLine ETF Adviser LP, adviser to the DoubleLine Multi-Sector Income ETF, 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 (if available) 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.