(DMBS) Doubleline Trust - Mortgage - Ratings and Ratios

The Doubleline ETF Trust - Mortgage ETF (DMBS) is an actively managed exchange-traded fund that focuses on investing in residential mortgage-backed securities (RMBS) and other related securities. The fund is non-diversified, meaning it can concentrate its investments in a specific segment of the market, potentially increasing its exposure to certain risks.

To evaluate the funds performance, we can look at key performance indicators (KPIs) such as yield, duration, and credit quality. Given its investment objective, DMBS likely has a relatively high yield compared to other intermediate core bond ETFs, as it invests in mortgage-backed securities that typically offer higher returns to compensate for the inherent credit and prepayment risks. The funds duration is also an important metric, as it measures the sensitivity of the funds price to changes in interest rates. A higher duration indicates greater sensitivity.

From a credit risk perspective, DMBS invests in securities rated investment grade at the time of purchase, which suggests a relatively low credit risk profile. However, the funds non-diversified nature and focus on RMBS may still expose it to specific sector-related risks. To mitigate these risks, the funds management team actively monitors the portfolio and adjusts its composition as needed.

In terms of its market performance, DMBS has a relatively stable price movement, as indicated by its technical data. To further analyze its performance, we can examine its tracking error, Sharpe ratio, and information ratio. These metrics can provide insights into the funds ability to generate returns relative to its benchmark and its risk-adjusted performance.

With an AUM of $418.54 million, DMBS has a moderate asset base, which may impact its liquidity and trading costs. As an actively managed ETF, DMBSs expense ratio is likely higher than that of a passively managed fund, which could eat into its returns. Investors should carefully evaluate these factors when considering DMBS as an investment option.