ETF Evaluator:
State Street® DoubleLine® TR Tact ETF (TOTL)
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(as of Jul 31)
Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 10.5% | Infrastructure Capital Bond Income ETF (BNDS) |
| 7.0% | Monarch Ambassador Income ETF (MAMB) |
| 5.2% | PIMCO Active Bond ETF (BOND) |
| 4.8% | Nuveen Core Plus Bond ETF (NCPB) |
| 4.8% | Invesco Total Return Bond ETF (GTO) |
Risk
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Risk
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ETF Details
State Street® DoubleLine® TR Tact ETF Overview
State Street® DoubleLine® TR Tact ETF (TOTL) is an actively managed Taxable Bond Intermediate Core-Plus Bond exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2015.
The investment seeks to maximize total return.
Under normal circumstances, the Sub-Adviser will invest at least 80% of the fund's net assets in a portfolio of fixed income securities of any credit quality. The fund may invest up to 25% of its net assets in corporate high yield securities (commonly known as "junk bonds"). It may invest up to 15% of its net assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers.
About State Street® DoubleLine® TR Tact ETF (TOTL)
There are 2 members of the management team with an average tenure of 11.36 years: Jeffrey Sherman (2015) and Jeffrey Gundlach (2015). 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%. State Street® DoubleLine® TR Tact ETF has 1715 securities in its portfolio. The top 10 holdings constitute 57.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street® DoubleLine® TR Tact ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. State Street® DoubleLine® TR Tact ETF has 4.8% 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 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.9% (90.2% domestic bond, 4.8% foreign bond and 0.0% convertible bond). State Street® DoubleLine® TR Tact ETF has 5.0% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above 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.
TOTL 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 State Street® DoubleLine® TR Tact ETF expense ratio is average compared to funds in the Intermediate Core-Plus Bond category. State Street® DoubleLine® TR Tact ETF has an expense ratio of 0.55%, which is 20% 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. State Street® DoubleLine® TR Tact ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 159% for the Intermediate Core-Plus Bond category.
Recently, in the month of June 2026, State Street® DoubleLine® TR Tact ETF returned 0.2%, which earned it a grade of D, as the Intermediate Core-Plus Bond category had an average return of 0.2%. 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.
State Street® DoubleLine® TR Tact ETF has a trailing yield of 5.27%, which is above the 4.56% 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.
State Street® DoubleLine® TR Tact ETF Grades
Year to date, the ETF has returned 0.1%, 0.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.4% over the past year (grade of F), 4.4% over the past three years (grade of F) and 0.6% per year over the past five years (grade of C) and 1.6% per year over the past 10 years (grade of F).
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TOTL Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TOTL Return (NAV) | 0.2% | 0.4% | 3.4% | 4.4% | 0.6% | 1.6% |
| TOTL Return (Price) | 0.1% | 0.6% | 3.6% | 4.4% | 0.7% | 1.6% |
| NAV +/- Price Return | 0.086% | -0.178% | -0.220% | 0.064% | -0.033% | 0.011% |
| Intermediate Core-Plus Bond Avg | 0.2% | 1.1% | 4.3% | 5.1% | 0.8% | 2.3% |
| TOTL Grade (NAV) | D | F | F | F | C | F |
| +/- Category (NAV) | 0.0% | -0.7% | -0.9% | -0.7% | -0.1% | -0.7% |
| TOTL Tax-Cost Ratio | na | na | 2.1% | 2.1% | 1.9% | 1.6% |
TOTL Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TOTL Return (NAV) | 0.1% | 7.6% | 3.1% | 5.8% | -12.1% | -0.7% | 3.9% | 7.0% | 0.3% | 3.4% | 3.0% |
| TOTL Return (Price) | 0.1% | 7.7% | 3.1% | 5.6% | -11.6% | -1.0% | 3.6% | 6.9% | 0.8% | 3.5% | 2.8% |
| NAV +/- Price Ret | -0.166% | 0.011% | 0.031% | -0.049% | -0.038% | 0.542% | -0.091% | -0.6% | 148.9% | 3.7% | -7.8% |
| Intermediate Core-Plus Bond Avg | 0.9% | 7.4% | 2.9% | 6.6% | -13.1% | -0.8% | 8.0% | 9.8% | -0.2% | 4.3% | 4.9% |
| TOTL Grade (NAV) | F | C | B | F | A | C | F | F | A | F | D |
| +/- Category | -0.8% | 0.2% | 0.1% | -0.8% | 1.1% | 0.1% | -4.1% | -2.8% | 0.5% | -0.9% | -1.9% |
| Risk Measures | |
| Beta: | 0.98 |
| R-Squared: | 98% |
| Standard Deviation: | 5.5% |
| Category Risk Index: | 1.01 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.45 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.3% |
| Total Assets: | $ 4,177 Mil |
| Share Class Assets: | $ 4,177 Mil |
| Turnover: | 20.0% |
| Expense Ratio: | 0.55% |
| 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: 11.4 years | |||
| Average Tenure: 11.4 years | |||
| Managers (Year): Sherman Jeffrey (2015), Gundlach Jeffrey (2015) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1715 |
| % in Top 10 Holdings: | 57.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 90.2% |
| Foreign Bond: | 4.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | February 23, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
