State Street DoubleLine Total Return Tactical ETF

TOTL

시가총액 US$36.7억

State Street DoubleLine Total Return Tactical ETF receives a renewed "Sell" rating due to lackluster performance versus peers and high expenses. TOTL's total return since inception is nearly identical to AGG, failing to justify its 0.55% expense ratio. The fund's portfolio is heavily weighted toward mortgage-backed securities and Treasuries, with moderate interest rate risk and high credit quality.

A compelling observation was made by Jeffrey Sherman, deputy chief investment officer at DoubleLine, on stage at the Astoria Advisors Macro Summit. He had just stated, “As a bond investor, I'm here to tell you that we're not special, but that we tend to be more risk-averse.

State Street Global Advisors, which launched the first U.S.-listed ETF more than 30 years ago, continues to innovate. Today it expanded its lineup to include a global multi-asset allocation ETF.

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The future for ETFs is bright. That's my takeaway after reading State Street Global Advisors' just-released 2024 ETF Impact Survey.

The SPDR® DoubleLine Total Return Tactical ETF aims to outperform its benchmark by exploiting mispricings in the bond market. The fund is actively managed and has the flexibility to invest in asset classes beyond the benchmark. Despite its active management approach, the fund has not consistently outperformed a passive bond market ETF proxy of its benchmark.

SPDR® DoubleLine Total Return Tactical ETF is an actively managed debt fund with a 12-month trailing yield of 4.88%. The TOTL ETF portfolio has a low risk profile, but it has missed its objective to outperform its benchmark since inception. It has underperformed 4 of its close competitors over the last 15 months.

Hello! In this week's ETF Wrap, you'll get a look at flow data showing recent “bullish buying behavior” from investors, as well as funds to consider before 2024 hits.