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
ETFinfo@doubleline.com. Media can reach DoubleLine by email at
media@doubleline.com. 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
