DoubleLine Ultrashort Income ETF (DLUX)

The DoubleLine Ultrashort Income ETF (DLUX) is an exchange-traded fund managed by DoubleLine, the Los Angeles-based fixed income firm. As its name indicates, the fund invests in short-maturity debt instruments with the goal of generating current income while keeping sensitivity to interest-rate changes low.

The fund is actively managed, with DoubleLine's portfolio managers selecting securities rather than tracking an index. An ultrashort mandate typically centers on investment-grade bonds, floating-rate notes, securitized debt and money-market instruments with very short durations, positioning the fund between cash equivalents and short-term bond funds in terms of interest-rate exposure.