Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
DoubleLine Opportunistic Core Bond ETF
$43.50+0.03 (+0.07%)
- 0.45%
- $755M
- −2.1%
- 4.97%
- 0.1M sh
- $43.44
- low $43.18high $47.05
The ETF.net DBND Grade
B
Score 58 out of 100
- 64 of 117
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 83 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 72 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 24 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 53 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 69 of 117
Our read on DBND
BDoubleLine's core-bond sleeve, run active: it roams global fixed-income sectors and treats the Bloomberg US Aggregate as a scorecard, not a blueprint. Income lands monthly.
The fund seeks to maximize current income and total return over a full market cycle by actively allocating across global fixed-income sectors.
Why people hold it
- Actively allocates across global fixed-income sectors, seeking current income and total return over a full market cycle. Not an index clone of the Agg.doubleline.com
- Pays monthly, so the income shows up on a paycheck-like rhythm rather than quarterly.
- The portfolio matches what the documents promise about as closely as this cohort gets, and the fund sits in the upper half of a crowded aggregate-bond field.
Worth knowing
- At 0.45%, it costs more than the typical fund in its cohort, and far more than plain Agg trackers like AGG, BND and SPAB at 0.03%. Active management is the thing you're paying for.
- Active sector calls mean the ride can look different from the Agg in either direction. The benchmark is a reference point, not a leash.
- Launched in 2022, so its live track record is short next to index rivals that have been grinding away for decades.
DBND Holdings
- Bonds
- 1,302
- 23%
- T 0 5/8 08/15/30
Sectors
- Communication31.2%
- Technology30.5%
- Health Care20.5%
- Industrials17.9%
DBND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
DBND$9,791
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DBND |
|---|---|
| Year to date | −2.9% |
| 1 month | −1.3% |
| 3 months | −2.7% |
| 1 year | −2.1% |
| 3 years | +4.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DBND |
|---|---|---|
| 2026 YTD | −2.9% | |
| 2025 | +7.4% | |
| 2024 | +3.0% | |
| 2023 | +6.3% | |
| 2022 | −5.7% |
DBND in the news
DBND Dividends
- 4.97%
- $2.16
- $0.18 per share
- Monthly
Distribution history
DBND Risk
- 5.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −9.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DBND Cost
0.45%
DBND0.45%
- The middle half of US Aggregate Bond funds
- Median 0.34%
79 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BCPAGF/m Compoundr U.S. Aggregate Bond ETFExpense ratio 0.31%1 year return −2.7%
- BJPIEJPMorgan Income ETFExpense ratio 0.40%1 year return +2.6%
- BPTRBPGIM Total Return Bond ETFExpense ratio 0.49%1 year return −1.9%
- BSCECSterling Capital Enhanced Core Bond ETFExpense ratio 0.39%1 year return −2.1%
- BTCPBThrivent Core Plus Bond ETFExpense ratio 0.39%1 year return −2.1%