SPDR DoubleLine Total Return Tactical ETF
Active ETF
TOTL
Price as of:
$40.27
- $0.13
- 0.32%
Primary Theme
fund company
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.8%
1 yr return
8.6%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
0.1%
Net Assets
$2.86 B
Holdings in Top 10
25.0%
52 WEEK LOW AND HIGH
$40.4
$38.37
$41.68
Expenses
OPERATING FEES
Expense Ratio 0.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TOTL - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.22%
- Dividend Yield 5.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSPDR DoubleLine Total Return Tactical ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateFeb 23, 2015
-
Shares Outstanding54650000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Sherman
Fund Description
Under normal circumstances, DoubleLine Capital LP (the “Sub-Adviser” or “DoubleLine”) will invest at least 80% of the Fund's net assets in a portfolio of fixed income securities of any credit quality. Fixed income securities in which the Fund principally invests include securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or sponsored corporations; inflation protected public obligations of the U.S. Treasury; agency and non-agency residential mortgage-backed securities (“RMBS”); agency and non-agency commercial mortgage-backed securities (“CMBS”); agency and non-agency asset-backed securities (“ABS”); domestic corporate bonds; fixed income securities issued by foreign corporations and foreign governments including emerging markets; bank loans (primarily senior loans, including loan participations or assignments whose loan syndication exceeds $300 million); municipal bonds; and other securities (such as perpetual bonds) bearing fixed interest rates of any maturity.The Fund may also invest in collateralized loan obligations, floating rate securities (including floating rate loans), variable rate securities, Rule 144A securities, and repurchase agreements and may enter into reverse repurchase agreements. The Fund may conduct foreign currency transactions on a spot (i.e., cash) or forward basis (i.e., by entering into forward contracts to purchase or sell foreign currencies).The Fund intends to invest at least 20% of its net assets in mortgage-backed securities of any maturity or type guaranteed by, or secured by collateral that is guaranteed by, the U.S. Government, its agencies, instrumentalities or sponsored corporations, or in privately issued mortgage-backed securities. The Fund may invest a substantial portion of its assets in U.S. agency mortgage pass-through securities. The term “U.S. agency mortgage pass-through security”refers to a category of pass-through securities backed by pools of mortgages and issued by one of several U.S. Government-sponsored enterprises: Ginnie Mae, Fannie Mae or Freddie Mac. The Fund may seek to obtain exposure to U.S. agency mortgage pass-through securities through the use of “to-be-announced” or “TBA Transactions”. “TBA”refers to a commonly used mechanism for the forward settlement of U.S. agency mortgage pass-through securities, and not to a separate type of mortgage-backed securities. TBA Transactions generally are conducted in accordance with widely-accepted guidelines which establish commonly observed terms and conditions for execution, settlement and delivery. In a TBA Transaction, the buyer and seller decide on general trade parameters, such as agency, settlement date, par amount, and price. The actual pools delivered generally are determined prior to settlement date. The Fund may settle a TBA Transaction on the settlement date by paying for and accepting actual receipt or delivery of the pools. The Fund may also sell its obligation to purchase the pools prior to the settlement date and enter into a new TBA Transaction for future delivery of pools of mortgage pass-through securities, sometimes referred to as a “TBA roll.”The Fund may invest up to 25% of its net assets in corporate high yield securities (commonly known as “junk” bonds). Under normal circumstances, the combined total of corporate, sovereign, non-agency and all other debt rated below investment-grade will not exceed 40% of the Fund's net assets. The Sub-Adviser strives to allocate below investment-grade securities broadly by industry and issuer in an attempt to reduce the impact of negative events on an industry or issuer. Below investment-grade securities are instruments that are rated BB+ or lower by S&P or Fitch Inc. or Ba1 or lower by Moody's or equivalent ratings by another registered NRSRO, or, if unrated by an NRSRO, of comparable quality in the opinion of the Sub-Adviser.The Fund 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. The Fund may invest up to 25% of its net assets in securities and instruments that are economically tied to emerging market countries. The Fund generally considers an issuer to be economically tied to an emerging market country if: (i) the issuer is organized under the laws of an emerging country; (ii) the issuer's securities are traded principally in an emerging country; or (iii) during the issuer's most recent fiscal year it derived at least 50% of its revenues, earnings before interest, taxes, depreciation, and amortization, or profits from goods produced or sold by, investments made in, or services performed in emerging countries, or it had at least 50% of its assets in emerging countries.The Sub-Adviser monitors the duration of the securities held by the Fund to seek to mitigate exposure to interest rate risk. Under normal circumstances, the Sub-Adviser seeks to maintain an investment portfolio with a weighted average effective duration of no less than 1 year and no more than 8 years. The duration of the portfolio may vary materially from its target, from time to time. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates. The Fund may use futures, including U.S. Treasury futures, to manage the Fund's duration and yield curve exposure.The Sub-Adviser actively manages the Fund's asset class exposure using a top-down approach based on analysis of sector fundamentals and rotates Fund assets among sectors in various markets to attempt to maximize return. Individual securities within asset classes are selected using a bottom-up approach. Under normal circumstances, the Sub-Adviser uses a controlled risk approach in managing the Fund's investments. The techniques of this approach attempt to control the principal risk components of the fixed income markets and include consideration of:• Security selection within a given sector;• Relative performance of the various market sectors;• The shape of the yield curve; and• Fluctuations in the overall level of interest rates.
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TOTL - Performance
Return Ranking - Trailing
| Period | TOTL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -4.8% | 12.0% | 9.12% |
| 1 Yr | 8.6% | -2.8% | 14.8% | 4.04% |
| 3 Yr | -0.9%* | -10.1% | 28.3% | 12.03% |
| 5 Yr | 0.1%* | -7.3% | 58.7% | 56.52% |
| 10 Yr | N/A* | -2.9% | 73.9% | 8.26% |
* Annualized
Return Ranking - Calendar
| Period | TOTL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.5% | -16.2% | 8.1% | 93.35% |
| 2022 | -15.4% | -34.7% | 131.9% | 33.30% |
| 2021 | -3.9% | -11.6% | 4.4% | 76.31% |
| 2020 | 0.6% | -9.9% | 946.1% | 95.63% |
| 2019 | 3.4% | -1.7% | 16.9% | 89.68% |
Total Return Ranking - Trailing
| Period | TOTL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -4.8% | 12.0% | 9.12% |
| 1 Yr | 8.6% | -2.8% | 14.8% | 4.04% |
| 3 Yr | -0.9%* | -10.1% | 28.3% | 12.03% |
| 5 Yr | 0.1%* | -7.3% | 58.7% | 56.52% |
| 10 Yr | N/A* | -2.9% | 73.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TOTL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.6% | -11.3% | 11.9% | 68.50% |
| 2022 | -11.6% | -32.2% | 131.9% | 9.04% |
| 2021 | -1.0% | -9.4% | 9.2% | 50.28% |
| 2020 | 3.6% | -1.9% | 1009.0% | 97.12% |
| 2019 | 6.9% | 1.1% | 21668.0% | 87.03% |
TOTL - Holdings
Concentration Analysis
| TOTL | Category Low | Category High | TOTL % Rank | |
|---|---|---|---|---|
| Net Assets | 2.86 B | 2.9 M | 314 B | 37.20% |
| Number of Holdings | 1443 | 1 | 17880 | 31.46% |
| Net Assets in Top 10 | 814 M | 1.62 M | 35.1 B | 34.68% |
| Weighting of Top 10 | 25.04% | 4.7% | 3984.6% | 41.50% |
Top 10 Holdings
- U.S. Treasury Notes 5.68%
- State Street Institutional US Government Money Market Fund 3.14%
- U.S. Treasury Notes 2.81%
- U.S. Treasury Notes 2.80%
- U.S. Treasury Notes 2.35%
- U.S. Treasury Notes 1.94%
- U.S. Treasury Notes 1.92%
- U.S. Treasury Notes 1.72%
- U.S. Treasury Notes 1.56%
- Freddie Mac Pool 1.11%
Asset Allocation
| Weighting | Return Low | Return High | TOTL % Rank | |
|---|---|---|---|---|
| Bonds | 87.46% | 0.00% | 9231.88% | 80.10% |
| Other | 8.92% | -27.25% | 1695.17% | 29.70% |
| Cash | 3.61% | -54.51% | 237.69% | 44.44% |
| Convertible Bonds | 0.64% | 0.00% | 7.93% | 77.51% |
| Stocks | 0.00% | 0.00% | 99.98% | 33.47% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 56.18% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TOTL % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 40.28% |
| Technology | 0.00% | 0.00% | 43.45% | 25.59% |
| Real Estate | 0.00% | 0.00% | 99.26% | 25.59% |
| Industrials | 0.00% | 0.00% | 48.31% | 46.45% |
| Healthcare | 0.00% | 0.00% | 17.70% | 32.70% |
| Financial Services | 0.00% | 0.00% | 100.00% | 35.55% |
| Energy | 0.00% | 0.00% | 100.00% | 2.37% |
| Communication Services | 0.00% | 0.00% | 100.00% | 35.55% |
| Consumer Defense | 0.00% | 0.00% | 99.67% | 28.44% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 36.97% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 33.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TOTL % Rank | |
|---|---|---|---|---|
| US | 0.00% | 0.00% | 99.98% | 31.98% |
| Non US | 0.00% | 0.00% | 88.46% | 43.20% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TOTL % Rank | |
|---|---|---|---|---|
| Securitized | 60.04% | 0.00% | 98.40% | 7.74% |
| Government | 19.26% | 0.00% | 86.23% | 64.64% |
| Corporate | 18.49% | 0.00% | 100.00% | 87.34% |
| Cash & Equivalents | 3.40% | 0.00% | 237.69% | 44.65% |
| Municipal | 0.00% | 0.00% | 100.00% | 84.62% |
| Derivative | -0.04% | -6.56% | 44.82% | 83.90% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TOTL % Rank | |
|---|---|---|---|---|
| US | 87.46% | 0.00% | 9042.62% | 74.04% |
| Non US | 0.00% | 0.00% | 189.26% | 63.55% |
TOTL - Expenses
Operational Fees
| TOTL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.55% | 0.01% | 39.64% | 65.41% |
| Management Fee | 0.55% | 0.00% | 1.76% | 93.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| TOTL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TOTL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TOTL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 82.00% | 2.00% | 493.39% | 36.89% |
TOTL - Distributions
Dividend Yield Analysis
| TOTL | Category Low | Category High | TOTL % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.05% | 0.00% | 10.11% | 6.22% |
Dividend Distribution Analysis
| TOTL | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| TOTL | Category Low | Category High | TOTL % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.22% | -1.28% | 4.79% | 20.04% |
Capital Gain Distribution Analysis
| TOTL | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 01, 2024 | $0.170 | OrdinaryDividend |
| Oct 01, 2024 | $0.169 | OrdinaryDividend |
| Sep 03, 2024 | $0.169 | OrdinaryDividend |
| Aug 01, 2024 | $0.167 | OrdinaryDividend |
| Jul 01, 2024 | $0.173 | OrdinaryDividend |
| Jun 03, 2024 | $0.160 | OrdinaryDividend |
| May 01, 2024 | $0.169 | OrdinaryDividend |
| Apr 01, 2024 | $0.167 | OrdinaryDividend |
| Mar 01, 2024 | $0.171 | OrdinaryDividend |
| Feb 01, 2024 | $0.168 | OrdinaryDividend |
| Dec 18, 2023 | $0.232 | OrdinaryDividend |
| Dec 01, 2023 | $0.163 | OrdinaryDividend |
| Nov 01, 2023 | $0.158 | OrdinaryDividend |
| Oct 02, 2023 | $0.155 | OrdinaryDividend |
| Sep 01, 2023 | $0.157 | OrdinaryDividend |
| Aug 01, 2023 | $0.156 | OrdinaryDividend |
| Jul 03, 2023 | $0.154 | OrdinaryDividend |
| Jun 01, 2023 | $0.154 | OrdinaryDividend |
| May 01, 2023 | $0.159 | OrdinaryDividend |
| Apr 03, 2023 | $0.150 | OrdinaryDividend |
| Mar 01, 2023 | $0.152 | OrdinaryDividend |
| Feb 01, 2023 | $0.160 | OrdinaryDividend |
| Dec 19, 2022 | $0.280 | OrdinaryDividend |
| Dec 01, 2022 | $0.163 | OrdinaryDividend |
| Nov 01, 2022 | $0.151 | OrdinaryDividend |
| Oct 03, 2022 | $0.154 | OrdinaryDividend |
| Sep 01, 2022 | $0.156 | OrdinaryDividend |
| Aug 01, 2022 | $0.150 | OrdinaryDividend |
| Jul 01, 2022 | $0.164 | OrdinaryDividend |
| Jun 01, 2022 | $0.136 | OrdinaryDividend |
| May 02, 2022 | $0.136 | OrdinaryDividend |
| Apr 01, 2022 | $0.129 | OrdinaryDividend |
| Mar 01, 2022 | $0.128 | OrdinaryDividend |
| Feb 01, 2022 | $0.126 | OrdinaryDividend |
| Dec 17, 2021 | $0.203 | OrdinaryDividend |
| Dec 01, 2021 | $0.157 | OrdinaryDividend |
| Nov 01, 2021 | $0.115 | OrdinaryDividend |
| Oct 01, 2021 | $0.119 | OrdinaryDividend |
| Sep 01, 2021 | $0.119 | OrdinaryDividend |
| Aug 02, 2021 | $0.109 | OrdinaryDividend |
| Jul 01, 2021 | $0.112 | OrdinaryDividend |
| Jun 01, 2021 | $0.104 | OrdinaryDividend |
| May 03, 2021 | $0.108 | OrdinaryDividend |
| Apr 01, 2021 | $0.113 | OrdinaryDividend |
| Mar 01, 2021 | $0.094 | OrdinaryDividend |
| Feb 01, 2021 | $0.099 | OrdinaryDividend |
| Dec 18, 2020 | $0.190 | OrdinaryDividend |
| Dec 01, 2020 | $0.103 | OrdinaryDividend |
| Nov 02, 2020 | $0.097 | OrdinaryDividend |
| Oct 01, 2020 | $0.103 | OrdinaryDividend |
| Sep 01, 2020 | $0.106 | OrdinaryDividend |
| Aug 03, 2020 | $0.103 | OrdinaryDividend |
| Jul 01, 2020 | $0.116 | OrdinaryDividend |
| Jun 01, 2020 | $0.111 | OrdinaryDividend |
| May 01, 2020 | $0.127 | OrdinaryDividend |
| Apr 01, 2020 | $0.131 | OrdinaryDividend |
| Mar 02, 2020 | $0.119 | OrdinaryDividend |
| Feb 03, 2020 | $0.129 | OrdinaryDividend |
| Dec 20, 2019 | $0.143 | OrdinaryDividend |
| Dec 02, 2019 | $0.131 | OrdinaryDividend |
| Nov 01, 2019 | $0.123 | OrdinaryDividend |
| Oct 01, 2019 | $0.132 | OrdinaryDividend |
| Sep 03, 2019 | $0.135 | OrdinaryDividend |
| Aug 01, 2019 | $0.131 | OrdinaryDividend |
| Jul 01, 2019 | $0.142 | OrdinaryDividend |
| Jun 03, 2019 | $0.135 | OrdinaryDividend |
| May 01, 2019 | $0.143 | OrdinaryDividend |
| Apr 01, 2019 | $0.138 | OrdinaryDividend |
| Mar 01, 2019 | $0.135 | OrdinaryDividend |
| Feb 01, 2019 | $0.136 | OrdinaryDividend |
| Dec 19, 2018 | $0.169 | OrdinaryDividend |
| Dec 03, 2018 | $0.141 | OrdinaryDividend |
| Nov 01, 2018 | $0.136 | OrdinaryDividend |
| Oct 01, 2018 | $0.138 | OrdinaryDividend |
| Sep 04, 2018 | $0.142 | OrdinaryDividend |
| Aug 01, 2018 | $0.130 | OrdinaryDividend |
| Jul 02, 2018 | $0.134 | OrdinaryDividend |
| Jun 01, 2018 | $0.126 | OrdinaryDividend |
| May 01, 2018 | $0.132 | OrdinaryDividend |
| Apr 02, 2018 | $0.125 | OrdinaryDividend |
| Mar 01, 2018 | $0.125 | OrdinaryDividend |
| Feb 01, 2018 | $0.118 | OrdinaryDividend |
| Dec 19, 2017 | $0.117 | OrdinaryDividend |
| Dec 01, 2017 | $0.119 | OrdinaryDividend |
| Nov 01, 2017 | $0.111 | OrdinaryDividend |
| Oct 02, 2017 | $0.117 | OrdinaryDividend |
| Sep 01, 2017 | $0.122 | OrdinaryDividend |
| Aug 01, 2017 | $0.117 | OrdinaryDividend |
| Jul 03, 2017 | $0.123 | OrdinaryDividend |
| Jun 01, 2017 | $0.118 | OrdinaryDividend |
| May 01, 2017 | $0.125 | OrdinaryDividend |
| Apr 03, 2017 | $0.132 | OrdinaryDividend |
| Mar 01, 2017 | $0.111 | OrdinaryDividend |
| Feb 01, 2017 | $0.144 | OrdinaryDividend |
| Dec 28, 2016 | $0.055 | CapitalGainShortTerm |
| Dec 28, 2016 | $0.028 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.102 | OrdinaryDividend |
| Dec 01, 2016 | $0.126 | OrdinaryDividend |
| Nov 01, 2016 | $0.116 | OrdinaryDividend |
| Oct 03, 2016 | $0.122 | OrdinaryDividend |
| Sep 01, 2016 | $0.127 | OrdinaryDividend |
| Aug 01, 2016 | $0.126 | OrdinaryDividend |
| Jul 01, 2016 | $0.133 | OrdinaryDividend |
| Jun 01, 2016 | $0.131 | OrdinaryDividend |
| May 02, 2016 | $0.136 | OrdinaryDividend |
| Apr 01, 2016 | $0.131 | OrdinaryDividend |
| Mar 01, 2016 | $0.121 | OrdinaryDividend |
| Feb 01, 2016 | $0.119 | OrdinaryDividend |
| Dec 29, 2015 | $0.117 | OrdinaryDividend |
| Dec 01, 2015 | $0.129 | OrdinaryDividend |
| Nov 02, 2015 | $0.123 | OrdinaryDividend |
| Oct 01, 2015 | $0.134 | OrdinaryDividend |
| Sep 01, 2015 | $0.134 | OrdinaryDividend |
| Aug 03, 2015 | $0.132 | OrdinaryDividend |
| Jul 01, 2015 | $0.139 | OrdinaryDividend |
| Jun 01, 2015 | $0.131 | OrdinaryDividend |
| May 01, 2015 | $0.144 | OrdinaryDividend |
| Apr 01, 2015 | $0.117 | OrdinaryDividend |
TOTL - Fund Manager Analysis
Managers
Jeffrey Sherman
Start Date
Tenure
Tenure Rank
Feb 23, 2015
7.27
7.3%
As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. He is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. Prior to joining DoubleLine in 2009, he was a Senior Vice President at TCW where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios.
Jeffrey Gundlach
Start Date
Tenure
Tenure Rank
Feb 23, 2015
7.27
7.3%
Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |