- The DoubleLine Opportunistic Core Bond ETF (DBND) achieved an annualized return of 1.66% over three years, surpassing both its benchmark and category average.
- DBND displayed a lower risk profile with a standard deviation of 7.08% and a maximum drawdown of -8.92%.
- As of March 31, 2025, DBND's portfolio allocation was 48.5% in government securities and 51.5% in credit investments.
The DoubleLine Opportunistic Core Bond ETF (DBND) has completed its first three years of trading, and the results are noteworthy. The ETF achieved an annualized return of 1.66% over the period ending March 31, 2025, outmatching its benchmark, the Bloomberg US Aggregate Bond Index, which posted a return of 0.52%. Furthermore, DBND also outperformed its Morningstar category average, which saw an annualized return of 0.92%.
DBND demonstrated a strong risk-adjusted performance. The fund's standard deviation was recorded at 7.08%, which is lower than the 7.67% of the benchmark. Additionally, DBND's maximum drawdown of -8.92% was less severe compared to the benchmark's -10.40%.
The fund's portfolio reflects a strategic asset allocation as of March 31, 2025, with 48.5% of assets in government securities and 51.5% in credit investments. This marks a shift from the ETF's initial allocation at its launch on March 31, 2022, which comprised 36.5% in government securities and 63.5% in credit investments.
Managed by DoubleLine's Deputy Chief Investment Officer Jeffrey Sherman and CEO Jeffrey Gundlach, the fund employs an active management strategy, utilizing the Fixed Income Asset Allocation (FIAA) process. The approach involves both top-down sector allocation and bottom-up security selection, aiming to navigate the evolving fixed income market landscape. This strategy has been pivotal in achieving the fund's objectives, providing a balanced approach to risk and return.
DBND's expense ratio stands at 0.45%, reflecting its cost efficiency in delivering superior risk-adjusted performance over the three-year period.
