ETF Evaluator:
DoubleLine Opportunistic Core Bond ETF ()
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(as of Aug 26)
Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 8.9% | Infrastructure Capital Bond Income ETF (BNDS) |
| 5.2% | Monarch Ambassador Income ETF (MAMB) |
| 4.1% | SanJac Alpha Core Plus Bond ETF (SJCP) |
| 4.1% | F/m Opportunistic Income ETF (ZHOG) |
| 3.9% | PIMCO Active Bond ETF (BOND) |
Risk
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Risk
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ETF Details
DoubleLine Opportunistic Core Bond ETF Overview
DoubleLine Opportunistic Core Bond ETF (DBND) is an actively managed Taxable Bond Intermediate Core-Plus Bond exchange-traded fund (ETF). DoubleLine ETF Trust launched the ETF in 2022.
The investment seeks to maximize current income and total return.
Under normal circumstances, the Advisor intends to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. It may invest in fixed income instruments of any credit quality, including those that are at the time of investment unrated or rated BB+ or lower by S&P or Ba1 or lower by Moody’s or the equivalent by any other nationally recognized statistical rating organization. The fund is non-diversified.
About DoubleLine Opportunistic Core Bond ETF (DBND)
There are 2 members of the management team with an average tenure of 4.34 years: Jeffrey Sherman (2022) and Jeffrey Gundlach (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. DoubleLine Opportunistic Core Bond ETF has 1260 securities in its portfolio. The top 10 holdings constitute 22.3% 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 Opportunistic Core Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. DoubleLine Opportunistic Core Bond ETF has 15.0% 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 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.1% (83.1% domestic bond, 15.0% foreign bond and 0.0% convertible bond). DoubleLine Opportunistic Core Bond ETF has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $744 million in total assets, which is below the $2 billion average for the Intermediate Core-Plus 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.
DBND 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 Opportunistic Core Bond ETF expense ratio is average compared to funds in the Intermediate Core-Plus Bond category. DoubleLine Opportunistic Core Bond ETF has an expense ratio of 0.45%, which is 3% 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 Opportunistic Core Bond ETF has a portfolio turnover rate of 39%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 157% for the Intermediate Core-Plus Bond category.
Recently, in the month of July 2026, DoubleLine Opportunistic Core Bond ETF returned -1.1%, which earned it a grade of A, as the Intermediate Core-Plus Bond category had an average return of -1.2%. 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 Opportunistic Core Bond ETF has a trailing yield of 4.83%, which is above the 4.67% 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 Opportunistic Core Bond ETF Grades
Year to date, the ETF has returned -0.9%, 0.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.5% over the past year (grade of F) and 4.2% over the past three years (grade of D).
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DBND 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 |
|
| DBND Return (NAV) | -1.1% | -0.8% | 2.5% | 4.2% | na | na |
| DBND Return (Price) | -1.1% | -0.8% | 2.5% | 4.3% | na | na |
| NAV +/- Price Return | 0.011% | -0.081% | -0.011% | -0.028% | na | na |
| Intermediate Core-Plus Bond Avg | -1.2% | -0.6% | 3.2% | 4.6% | 0.4% | 2.1% |
| DBND Grade (NAV) | A | F | F | D | na | na |
| +/- Category (NAV) | 0.1% | -0.2% | -0.6% | -0.4% | na | na |
| DBND Tax-Cost Ratio | na | na | 1.9% | 2.0% | na | na |
DBND Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DBND Return (NAV) | -0.9% | 7.4% | 3.1% | 6.3% | na | na | na | na | na | na | na |
| DBND Return (Price) | -0.9% | 7.4% | 3.1% | 6.3% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.005% | 0.003% | -0.020% | 0.000% | na | na | na | na | na | na | na |
| Intermediate Core-Plus Bond Avg | -0.2% | 7.5% | 3.0% | 6.6% | -13.2% | -0.7% | 8.0% | 9.8% | -0.2% | 4.3% | 4.9% |
| DBND Grade (NAV) | F | D | A | C | na | na | na | na | na | na | na |
| +/- Category | -0.6% | -0.1% | 0.2% | -0.3% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.98 |
| R-Squared: | 98% |
| Standard Deviation: | 5.6% |
| Category Risk Index: | 1.00 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.45 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.8% |
| Total Assets: | $ 744 Mil |
| Share Class Assets: | $ 744 Mil |
| Turnover: | 39.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| 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: 4.3 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Sherman Jeffrey (2022), Gundlach Jeffrey (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1260 |
| % in Top 10 Holdings: | 22.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 15.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 83.1% |
| Foreign Bond: | 15.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | DoubleLine ETF Trust |
| Phone Number: | 855-937-0772 |
| Website: | |
| Inception Date: | March 31, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.44% |
