Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
DoubleLine Multi-Sector Income ETF
$48.93−0.04 (−0.08%)
- 0.50%
- $108M
- +3.4%
- 5.95%
- 0M sh
- $48.88
- low $48.54high $50.83
The ETF.net DMX Grade
C
Score 42 out of 100
- 97 of 117
Score 42 of 100 falls in the C 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.F20 out of 100Rank 92 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.C40 out of 100Rank 97 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A89 out of 100Rank 3 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 100 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A87 out of 100Rank 6 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F24 out of 100Rank 106 of 117
Our read on DMX
CDoubleLine's credit desks in ETF form: active managers roaming corporate bonds, bank loans, CLOs and non-Agency mortgages instead of tracking the Agg. Income is the whole point, paid monthly, and the fee reflects the hands-on work.
Seeks income with capital appreciation as a secondary objective, using active allocation across fixed-income sectors and security selection within the chosen sectors.
Why people hold it
- Not an index tracker. DoubleLine pairs its corporate-credit director with its non-Agency mortgage lead on one portfolio, picking bonds sector by sector.doubleline.com
- One wrapper, many credit sleeves: investment grade, high yield, bank loans, CLOs and non-Agency residential mortgage bonds. Distributions land monthly.doubleline.com
- The mandate is deliberately loose. Managers can lean into whichever fixed-income sector they think is cheap rather than matching a benchmark's weights.prnewswire.com
- Risk is spread across many individual bonds rather than a handful of big bets, which cushions the hit when one issuer stumbles.
Worth knowing
- At 0.50% a year it costs more than the typical core bond fund, and well above index staples like BND and SPAB at 0.03%.
- Credit quality has no floor: the fund may hold below-investment-grade bonds without limit and at times sit primarily in a single sector.prnewswire.com
- Modest in size and thinly traded, so spreads can run wider than on giant index bond funds. It also launched in late 2024, so the record is short.
DMX Holdings
- Bonds
- 632
- 14%
- Dreyfus Govern Cash Gnt-Ins
DMX 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.Not enough history yet.
DMX$10,338
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 | DMX |
|---|---|
| Year to date | +1.2% |
| 1 month | −0.9% |
| 3 months | −0.7% |
| 1 year | +3.4% |
| 3 years | — |
| 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 | DMX |
|---|---|---|
| 2026 YTD | +1.2% | |
| 2025 | +7.2% | |
| 2024 | −0.1% |
DMX in the news
DMX Dividends
- 5.95%
- $2.91
- $0.26 per share
- Monthly
Distribution history
DMX Risk
- 2.3%
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.
- 0.23
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.
- −2.7%
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.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DMX Cost
0.50%
DMX0.50%
- The middle half of US Aggregate Bond funds
- Median 0.34%
91 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CPIFIClearShares Piton Intermediate Fixed Income ETFExpense ratio 0.45%1 year return −0.8%
- CCGIBCapital Group International Bond ETF (USD-Hedged)Expense ratio 0.45%1 year return −0.1%
- CDYNBHartford Dynamic Bond ETFExpense ratio 0.70%1 year return −1.8%
- CFCBDThe Advisors' Inner Circle Fund II - Frontier Asset Core Bond ETFExpense ratio 0.84%1 year return −0.1%
- CUSFIBrandywineGLOBAL - U.S. Fixed Income ETFExpense ratio 0.39%1 year return −0.9%