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SSGA and DoubleLine Capital partner to launch actively managed fixed income ETF


State Street Global Advisors (SSGA) has teamed up with DoubleLine Capital to launch the SPDR DoubleLine Total Return Tactical ETF (TOTL) on the NYSE Arca. 

TOTL is the first actively managed ETF to offer investors access to DoubleLine’s investment research process. This core fixed income strategy seeks to maximise total return over a full market cycle by actively investing across global fixed income sectors.

“We are very excited about the partnership with DoubleLine and the launch of TOTL. We view this as a unique offering that pairs SPDR’s experience as an ETF pioneer with DoubleLine’s well-established investment talent,” says James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “TOTL is an option for investors who are focused on strengthening their core bond exposure through an actively managed, multi-sector strategy.”

The ETF will be managed by Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine Capital, Philip Barach, DoubleLine president, and Jeffrey Sherman, portfolio manager and participant on the firm’s Fixed Income Asset Allocation Committee.

“DoubleLine is pleased to partner with SSGA, the pioneer of exchange traded funds,” says Gundlach. “DoubleLine was founded on the idea of striving to deliver better risk-adjusted returns across our different investment strategies. In TOTL, we will strive to maintain the fund's portfolio investments with a shorter duration than the Barclays US Aggregate Bond Index while seeking to generate a healthy yield. That combination is key to meeting the fund’s total return objective within a discipline of strong risk management.”

DoubleLine will actively manage TOTL through a top-down macroeconomic process, allocating capital among different fixed income sectors, with bottom-up security selection.

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