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Feb 2024

Closer Look at the DoubleLine Commercial Real Estate ETF

This actively managed ETF primarily invests in senior commercial mortgage-related securities while maintaining a low level of interest rate risk. Through rigorous scenario and credit analyses, DCMB’s investment team seeks to add value through security selection by focusing on mortgage structures and collateral types that they believe are key to generating attractive income with principal preservation. 

ABOUT THE PORTFOLIO MANAGERS

ABOUT THE PORTFOLIO MANAGERS

  • Morris Chen

    Structured Products - CMBS

    Morris Chen

    Structured Products - CMBS

    Mr. Chen joined DoubleLine at its inception in 2009. He is a Portfolio Manager leading the CMBS/CRE Debt Investment team and CRE New Investment Review Group, and is responsible for the oversight and management of all CRE Debt related investments at DoubleLine. Mr. Chen is a permanent member of the Fixed Income Asset Allocation and Structured Products Committees providing valued insight into the CMBS sector. He is also an active participant and speaker at CREFC events. Prior to DoubleLine, Mr. Chen was a Vice President at TCW where he was responsible for CMBS credit analysis and trading from 2004-2009. He holds a BS in Business Administration with concentrations in Business Development and Finance from the University of California, Riverside.

  • Mark Cho

    Portfolio Manager

    Mark Cho

    Portfolio Manager

    Mr. Cho joined DoubleLine in 2013. He is a Portfolio Manager responsible for the CMBS credit platform at DoubleLine and participates in the CRE New Investment Review Group. Prior to DoubleLine, he was an Investment Associate at H/2 Capital Partners covering a broad range of real estate credit opportunities. Previous to that, Mr. Cho worked in real estate acquisitions as a Director at Jamison Properties and began his career as an Investment Banking Analyst at Lehman Brothers. He holds a B.A. in Economics from Stanford and an MBA from the Wharton School at the University of Pennsylvania. Mr. Cho is a member of the Founder’s Circle of SPIRE (Stanford Professionals in Real Estate).

  • Robert Stanbrook

    Structured Products - CMBS

    Robert Stanbrook

    Structured Products - CMBS

    Mr. Stanbrook joined DoubleLine in 2019. He is a Portfolio Manager responsible for the CRE loan platform as well as DoubleLine’s CRE CLO portfolios. Mr. Stanbrook is also part of DoubleLine’s ESG Investment Task Force, responsible for the ESG integration framework for the CMBS/CRE group. Prior to DoubleLine, he was a Principal and Chief Credit Officer with Narrative Capital Management. Previous to that, Mr. Stanbrook was a Vice President at Colony Capital with day-to-day oversight of origination and underwriting for a $3b bridge lending platform. He began his career in Origination & Acquisitions roles at Karlin Asset Management/Calmwater Capital. Mr. Stanbrook holds a B.A. in Business Administration from Loyola Marymount University.