ETF Evaluator:
DoubleLine Asset-Backed Securities ETF ()
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(as of Aug 26)
Best Performing in Securitized Bond - Focused Over the Last Year
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ETF Details
DoubleLine Asset-Backed Securities ETF Overview
DoubleLine Asset-Backed Securities ETF (DABS) is an actively managed Taxable Bond Securitized Bond - Focused exchange-traded fund (ETF). DoubleLine ETF Trust launched the ETF in 2025.
The investment seeks long-term total return while striving to generate current income.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in asset-backed securities. Under normal circumstances, the Advisor intends to invest predominately in investment grade rated asset-backed securities and unrated instruments considered by the Adviser to be of comparable credit quality. The fund is non-diversified.
About DoubleLine Asset-Backed Securities ETF (DABS)
There are 2 members of the management team with an average tenure of 1.42 years: Andrew Hsu (2025) and Fifi Wong (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
DoubleLine Asset-Backed Securities ETF has 148 securities in its portfolio. The top 10 holdings constitute 22.2% 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 Asset-Backed Securities ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. DoubleLine Asset-Backed Securities ETF has 11.2% 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 95.1% (84.0% domestic bond, 11.2% foreign bond and 0.0% convertible bond). DoubleLine Asset-Backed Securities ETF has 4.9% of the portfolio in cash.
Assets Under Management
The fund has $150 million in total assets, which is below the $1 billion average for the Securitized Bond - Focused 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.
DABS 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 Asset-Backed Securities ETF expense ratio is average compared to funds in the Securitized Bond - Focused category. DoubleLine Asset-Backed Securities ETF has an expense ratio of 0.40%, which is 28% higher than its category average, making the fund expense ratio grade a D. 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 Asset-Backed Securities ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Securitized Bond - Focused category.
Recently, in the month of July 2026, DoubleLine Asset-Backed Securities ETF returned -0.0%, which earned it a grade of F, as the Securitized Bond - Focused 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 Asset-Backed Securities ETF has a trailing yield of 4.87%, which is below the 5.32% 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.
DoubleLine Asset-Backed Securities ETF Grades
Year to date, the ETF has returned 1.6%, 0.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.6% over the past year (grade of D).
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DABS 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 |
|
| DABS Return (NAV) | -0.0% | 0.7% | 4.6% | na | na | na |
| DABS Return (Price) | -0.1% | 0.6% | 4.5% | na | na | na |
| NAV +/- Price Return | 0.086% | 0.140% | 0.078% | na | na | na |
| Securitized Bond - Focused Avg | 0.3% | 1.2% | 4.9% | 6.6% | 3.4% | 1.9% |
| DABS Grade (NAV) | F | F | D | na | na | na |
| +/- Category (NAV) | -0.3% | -0.4% | -0.3% | na | na | na |
| DABS Tax-Cost Ratio | na | na | 2.0% | na | na | na |
DABS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DABS Return (NAV) | 1.6% | na | na | na | na | na | na | na | na | na | na |
| DABS Return (Price) | 1.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.107% | na | na | na | na | na | na | na | na | na | na |
| Securitized Bond - Focused Avg | 2.5% | 5.9% | 7.6% | 9.0% | -3.7% | 0.3% | 5.8% | 7.5% | 0.6% | 3.1% | 3.0% |
| DABS Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.9% | 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: | 4.9% |
| Total Assets: | $ 150 Mil |
| Share Class Assets: | $ 150 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.40% |
| 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: 2 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Hsu Andrew (2025), Wong Fifi (2025) | |||
Portfolio Composition (as of 7/24/26)
| # of Holdings: | 148 |
| % in Top 10 Holdings: | 22.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 11.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 84.0% |
| Foreign Bond: | 11.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | DoubleLine ETF Trust |
| Phone Number: | 855-937-0772 |
| Website: | |
| Inception Date: | February 28, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.31% |
