ETF Evaluator:
DoubleLine Multi-Sector Income ETF ()
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(as of Aug 26)
Best Performing in Multisector Bond Over the Last Year
| 7.3% | Eaton Vance Income Opportunities ETF (XAGG) |
| 7.1% | Bluemonte Diversified Income ETF (BLUI) |
| 7.0% | Rareview Dynamic Fixed Income ETF (RDFI) |
| 6.3% | FolioBeyond Enhanced Fixed Inc Prm ETF (FIXP) |
| 5.6% | Neuberger Flexible Credit Income ETF (NBFC) |
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Risk
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ETF Details
DoubleLine Multi-Sector Income ETF Overview
DoubleLine Multi-Sector Income ETF (DMX) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). DoubleLine ETF Trust launched the ETF in 2024.
The investment seeks to provide income, with a secondary objective of capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in income-producing instruments. Income-producing instruments include but are not limited to bonds, debt securities and other fixed income and income-producing instruments of any kind issued or guaranteed by governmental or non‑governmental entities. It is non-diversified.
About DoubleLine Multi-Sector Income ETF (DMX)
There are 2 members of the management team with an average tenure of 1.67 years: Robert Cohen (2024) and Ken Shinoda (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Universal TR USD index with a weighting of 100%. DoubleLine Multi-Sector Income ETF has 625 securities in its portfolio. The top 10 holdings constitute 13.6% 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 Multi-Sector Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. DoubleLine Multi-Sector Income ETF has 6.1% 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 0.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.7% (89.6% domestic bond, 6.0% foreign bond and 0.0% convertible bond). DoubleLine Multi-Sector Income ETF has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $100 million in total assets, which is below the $1 billion average for the Multisector 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.
DMX 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 Multi-Sector Income ETF expense ratio is average compared to funds in the Multisector Bond category. DoubleLine Multi-Sector Income ETF has an expense ratio of 0.50%, which is 23% lower than its category average, making the fund expense ratio grade a B. 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 Multi-Sector Income ETF has a portfolio turnover rate of 54%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.
Recently, in the month of July 2026, DoubleLine Multi-Sector Income ETF returned 0.0%, which earned it a grade of A, as the Multisector Bond category had an average return of -0.5%. 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 Multi-Sector Income ETF has a trailing yield of 5.89%, which is above the 5.63% 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 Multi-Sector Income ETF Grades
Year to date, the ETF has returned 1.9%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 5.3% over the past year (grade of B).
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DMX 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 |
|
| DMX Return (NAV) | 0.0% | 0.8% | 5.3% | na | na | na |
| DMX Return (Price) | 0.1% | 0.9% | 5.3% | na | na | na |
| NAV +/- Price Return | -0.057% | -0.072% | -0.023% | na | na | na |
| Multisector Bond Avg | -0.5% | 0.3% | 4.5% | 6.2% | 1.8% | 3.1% |
| DMX Grade (NAV) | A | A | B | na | na | na |
| +/- Category (NAV) | 0.6% | 0.5% | 0.7% | na | na | na |
| DMX Tax-Cost Ratio | na | na | 2.4% | na | na | na |
DMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DMX Return (NAV) | 1.9% | 7.4% | na | na | na | na | na | na | na | na | na |
| DMX Return (Price) | 1.9% | 7.2% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.012% | -0.026% | na | na | na | na | na | na | na | na | na |
| Multisector Bond Avg | 1.3% | 7.6% | 5.5% | 8.2% | -10.8% | 3.0% | 4.7% | 10.6% | -1.8% | 5.9% | 7.4% |
| DMX Grade (NAV) | B | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.7% | -0.2% | 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: | 5.9% |
| Total Assets: | $ 101 Mil |
| Share Class Assets: | $ 101 Mil |
| Turnover: | 54.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Universal 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: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Cohen Robert (2024), Shinoda Ken (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 625 |
| % in Top 10 Holdings: | 13.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 6.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.7% |
| Domestic Bond: | 89.6% |
| Foreign Bond: | 6.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | DoubleLine ETF Trust |
| Phone Number: | 855-937-0772 |
| Website: | |
| Inception Date: | November 29, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.65% |
