DoubleLine Asset-Backed Securities ETF (DABS)

The DoubleLine Asset-Backed Securities ETF is an actively managed fixed income fund from DoubleLine, the Los Angeles-area investment firm founded by Jeffrey Gundlach.

The fund invests mainly in asset-backed securities, which are bonds backed by pools of loans and receivables such as auto loans, consumer and student loans, equipment leases, aircraft leases and other financial assets. It may hold both investment-grade and lower-rated tranches.

DoubleLine's structured products team selects securities based on collateral analysis and relative value rather than tracking an index, seeking current income and total return.