DoubleLine Mortgage ETF (DMBS)

Overview

The fund is an actively managed exchange-traded fund (ETF) that mainly focuses on investing in residential mortgage-backed securities (RMBS) and other residential mortgage-related securities. It prioritizes investments that are considered investment grade at the time of purchase, adhering to a strategy that dedicates at least 80% of its net assets (along with any borrowings for investment purposes) to Residential Mortgage Securities. This fund is characterized by its non-diversified status, implying a more concentrated investment approach in the residential mortgage sector.

Products and Services

• Residential Mortgage-Backed Securities (RMBS)

  These are securities that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. RMBS are a type of mortgage-backed security that allows investors to gain exposure to the residential mortgage market without having to buy or sell the actual mortgages, offering a way to invest in the housing market.

• Other Residential Mortgage-Related Securities

  This category encompasses other types of securities that are related to residential mortgages, which might include mortgage servicing rights, mortgage derivative securities, and other financial instruments linked to residential mortgage loans. Like RMBS, these securities provide investors with a method to participate in the residential housing sector through a diversified, liquid, and investment-grade rated platform.