PR Newswire
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.
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 [email protected]. Media can reach DoubleLine by email at [email protected]. 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
