ETF Evaluator:
DoubleLine Ultrashort Income ETF (DLUX)
Follow This ETF
(as of Sep 02)
Best Performing in Ultrashort Bond Over the Last Year
| 6.2% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 5.8% | Simplify Treasury Option Income ETF (BUCK) |
| 5.7% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 5.3% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.3% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
Risk
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Risk
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ETF Details
DoubleLine Ultrashort Income ETF Overview
DoubleLine Ultrashort Income ETF (DLUX) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). DoubleLine ETF Trust launched the ETF in 2026.
The investment seeks to generate current income and total return, consistent with preservation of capital.
The fund seeks to achieve its investment objective by investing in a diversified portfolio of investment grade, U.S. dollar-denominated fixed income securities with a low average effective duration. Under normal circumstances, the Advisor expects to invest in investment grade-rated securitized debt investments with a low average effective duration. The fund is non-diversified.
About DoubleLine Ultrashort Income ETF (DLUX)
There are 3 members of the management team with an average tenure of 0.33 years: Robert Cohen (2026), Vitaliy Liberman (2026) and Andrew Hsu (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
DoubleLine Ultrashort Income ETF has 192 securities in its portfolio. The top 10 holdings constitute 29.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
DoubleLine Ultrashort Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. DoubleLine Ultrashort Income ETF has 10.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.3% (87.1% domestic bond, 10.2% foreign bond and 0.0% convertible bond). DoubleLine Ultrashort Income ETF has 2.7% of the portfolio in cash.
Assets Under Management
The fund has $207 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DLUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DoubleLine Ultrashort Income ETF expense ratio is low compared to funds in the Ultrashort Bond category. DoubleLine Ultrashort Income ETF has an expense ratio of 0.18%, which is 18% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DoubleLine Ultrashort Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, DoubleLine Ultrashort Income ETF returned 0.2%, which earned it a grade of F, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
DoubleLine Ultrashort Income ETF has a trailing yield of 0.00%, which is below the 4.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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DLUX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DLUX Return (NAV) | 0.2% | 0.4% | na | na | na | na |
| DLUX Return (Price) | 0.2% | 0.5% | na | na | na | na |
| NAV +/- Price Return | 0.076% | -0.092% | na | na | na | na |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| DLUX Grade (NAV) | F | F | na | na | na | na |
| +/- Category (NAV) | -0.1% | -0.5% | na | na | na | na |
| DLUX Tax-Cost Ratio | na | na | na | na | na | na |
DLUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DLUX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| DLUX Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| DLUX Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 207 Mil |
| Share Class Assets: | $ 207 Mil |
| Turnover: | na |
| Expense Ratio: | 0.18% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Cohen Robert (2026), Liberman Vitaliy (2026), Hsu Andrew (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 192 |
| % in Top 10 Holdings: | 29.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 10.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 87.1% |
| Foreign Bond: | 10.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | DoubleLine ETF Trust |
| Phone Number: | 855-937-0772 |
| Website: | |
| Inception Date: | March 31, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.18% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.22% |
