The DoubleLine Multi-Sector Income ETF (DMX) employs a multi-sector strategy that allocates across both securitized income and corporate credit markets, including investment grade credit, high yield credit, bank loans and various securitized asset sectors such as non-Agency residential mortgage-backed securities and collateralized loan obligations. The strategy aims to generate high income with low volatility, making it a complement to traditional core portfolios. Portfolio Manager Robert Cohen emphasizes the importance of active management, stating, “In an environment when spreads are tight, and there’s nothing obviously cheap, that’s when active management becomes a lot more important.” The fund benefits from DoubleLine’s collaborative approach that draws upon more than 90 investment professionals, which allows for real-time security selection and targets areas with the highest return potential. With attractive yields across credit sectors, DMX looks to capitalize on the possibility for credit to outperform equities in 2025, providing high-single-digit returns with much less volatility than equities. Filmed November, 2024.
Link to the Multi-Sector Income ETF Prospectus
DoubleLine ETFs are distributed by Foreside Fund Services, LLC.
Mr. Cohen joined DoubleLine in 2012 and serves as Director of Global Developed Credit. In this role, he oversees the firm’s corporate credit team and is the lead portfolio manager for investment grade, high yield and leveraged loan credit strategies. Mr. Cohen also developed DoubleLine’s leveraged finance investment platform, which is utilized across closed-end fund, floating-rate, CLO and multi-sector fixed-income strategies. In addition, he is a permanent member of the Fixed Income Asset Allocation Committee. Mr. Cohen has over 30 years of experience in corporate credit investing. Prior to joining DoubleLine, he held investment roles at West Gate Horizons Advisors, ING Capital Advisors, Union Bank and Bank of Montreal. Mr. Cohen holds a B.A. in Economics from the University of Arizona and an MBA from the University of Southern California. He is a CFA® charterholder.
