Doubleline Etf Trust - Mortgage ETF
$46.79−0.62 (−1.31%)
- Expense ratio
- 0.39%
- Fund size
- $691M
- 1Y return
- +0.5%
- Yield · Last 12 months
- 5.41%
- Volume · 30D
- 0.1M sh
- NAV per share
- $47.37
- 52W range
The ETF.net DMBS Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 42Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 57Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 36Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 71Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 31Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on DMBS
CDoubleLine's mortgage desk in an ETF wrapper: an actively managed bond fund built to exceed the Bloomberg U.S. Mortgage-Backed Securities Index over a full market cycle, in a corner of the market almost everyone else simply indexes.
The Fund seeks total return through capital appreciation and current income, exceeding the Bloomberg U.S. Mortgage-Backed Securities Index over a full market cycle.
Why people hold it
- Active by design. Managers pick the mortgage bonds instead of copying the index, with a stated aim of exceeding the Bloomberg U.S. Mortgage-Backed Securities Index over a full market cycle.
- Pays monthly, matching the rhythm of the mortgage cash flows underneath it.
- Trades with decent everyday liquidity for an active bond ETF, and sits in the upper half of its mortgage-bond peer group on our review.
- A US agency mortgage mandate run inside a standard 1940 Act fund. No exotic wrapper, no K-1 surprises.
Worth knowing
- At 0.39% a year it runs above the typical mortgage-bond ETF, and roughly ten times index trackers like VMBS (0.03%) and MBB (0.04%). Active management has to earn that gap.
- Launched in 2023, so its track record is short relative to the full market cycle the fund itself uses as the yardstick.
- Results ride on the manager's security selection rather than the benchmark, which means the gap versus the index can cut either way.
DMBS Holdings
- Bonds
- —
- 35%
- FNCL 5 10/26
DMBS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | DMBS |
|---|---|
| Year to date | −1.1% |
| 1 month | −1.1% |
| 3 months | −1.7% |
| 1 year | +0.5% |
| 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 | DMBS |
|---|---|---|
| 2026 YTD | −1.1% | |
| 2025 | +8.5% | |
| 2024 | +2.1% | |
| 2023 | +1.0% |
DMBS in the news
ETF.net Research hasn’t filed on DMBS yet — coverage lands here as it’s written.
DMBS Dividends
- 5.41%
- $2.56
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.25 |
| Aug 3, 2026 | Aug 7, 2026 | $0.23 |
| Jul 1, 2026 | Jul 8, 2026 | $0.21 |
| Jun 1, 2026 | Jun 5, 2026 | $0.22 |
| May 1, 2026 | May 7, 2026 | $0.21 |
| Apr 1, 2026 | Apr 8, 2026 | $0.21 |
| Mar 2, 2026 | Mar 6, 2026 | $0.21 |
| Feb 2, 2026 | Feb 6, 2026 | $0.21 |
| Dec 23, 2025 | Dec 30, 2025 | $0.21 |
| Dec 1, 2025 | Dec 5, 2025 | $0.20 |
| Nov 3, 2025 | Nov 7, 2025 | $0.20 |
| Oct 1, 2025 | Oct 7, 2025 | $0.21 |
DMBS Risk
- 6.1%
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.
- 0.03
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.
- −8.0%
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.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DMBS Cost
- The middle half of Mortgage-Backed Securities funds
- Median 0.32%
13 of the 24 Mortgage-Backed Securities funds charge less.