DABS vs PINC

DABSBDoubleLine Asset-Backed Securities ETF

PINCCPGIM Securitized Income ETF

In short

DABS Asset-backed bonds, the debt built on pools of consumer and business loans, are a hand-picked corner of fixed income. DABS is DoubleLine's active run at it: roughly 100 positions, monthly payouts, chasing total return with income alongside.

PINC Most securitized-credit ETFs sit at the short end and float with cash rates. PINC is PGIM's active take with a twist: a duration overlay of Treasury futures and swaps that stretches its rate exposure beyond what its CLOs, CMBS and ABS carry on their own.

Stated mandate

DABS The Fund seeks long-term total return while also striving to generate current income.

PINC The Fund seeks to maximize total return through a combination of current income and capital appreciation.

Why people hold it

• DABS The mandate is plainly stated: long-term total return while also striving to generate current income, expressed through roughly 100 securitized positions rather than a broad index sweep.doubleline.com
• At 0.40%, it prices right at the median for its bond peer group and level with SECU, one of the stronger-standing securitized funds in that group.
• Distributions land monthly, matching the rhythm of the loan pools underneath.
• The bond-by-bond lineup is the strongest part of the package, and the fund sits in the upper half of its bond cohort overall.

• PINC Active across the securitized stack: CMBS, RMBS and CMOs, ABS, and CDOs including CLOs, picked by PGIM's securitized products team instead of an index.sec.gov
• The overlay is the twist: Treasury futures, rate swaps and options extend duration past what its securitized holdings carry, so it isn't purely a floating-rate sleeve.sec.govpgim.com
• At 0.39%, the fee lands just under the 0.40% median for its securitized peer group and under iShares' SECU at 0.41%.
• Mandate is total return from current income plus capital appreciation, with cash paid out quarterly.

Worth knowing

• DABS Launched in 2025, so the history is thin. There is little track record showing how the portfolio behaves through a full credit cycle.
• Thinly traded on a modest asset base, so the gap between the price you get and the portfolio's value can be wider than at a giant bond fund.
• No index sits behind it. Results ride on the manager's security selection, and the 0.40% fee is the price of that judgment.doubleline.com

• PINC Cheaper shelf-mates exist: Principal's WDE runs 0.19%, roughly half the fee for securitized debt exposure.
• Extended duration cuts both ways, with more price movement when rates swing than a short-duration securitized fund, plus the usual derivatives plumbing.sec.gov
• The track record starts in 2026, and it's a small, thinly traded fund, so the spread deserves a look before you place an order.

Full DABS profile⁠

Full PINC profile⁠