 The
DoubleLine Opportunistic Bond ETF (DBND) is an actively managed ETF
that seeks to provide long-term total return. The fund's objective is
to achieve its investment objective by investing primarily in debt
securities, including corporate bonds, mortgage-backed securities, and
asset-backed securities. The fund also invests in U.S. government
securities, foreign government securities, and other fixed-income
securities.
The fund is managed by DoubleLine Capital LP, a
leading investment management firm that specializes in fixed-income
investments. The portfolio manager of the fund is Jeffrey E. Gundlach,
who is also the CEO and Chief Investment Officer of DoubleLine Capital
LP.
DBND aims to provide investors with a flexible approach to
fixed-income investing. The fund invests across the entire
fixed-income market and has the ability to invest in securities with
various credit qualities and maturities. The fund also has the
flexibility to invest in fixed-income securities from both domestic
and international issuers.
One unique feature of DBND is its
ability to invest in distressed debt securities. The fund's managers
may identify opportunities to purchase securities that have
experienced significant price declines due to financial distress, and
they believe that such securities may offer attractive risk-adjusted
returns over the long term.
Overall, DBND may be a suitable
option for investors who are looking for a flexible, actively managed
approach to fixed-income investing. However, it is important to note
that the fund's performance may be impacted by interest rate changes,
credit risk, and market volatility. As with any investment, investors
should carefully consider their own investment objectives, risk
tolerance, and financial situation before investing in DBND.
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