The DoubleLine Asset-Backed Securities ETF (DABS) is a fixed income ETF that focuses exclusively on the asset-backed securities (ABS) market, including financial assets like auto loans and student loans as well as tangible assets such as power plants and data centers. Portfolio Managers Andrew Hsu and Fifi Wong highlight that DABS provides pure-play exposure to ABS, which have traditionally been confined to institutional buyers, and aims to invest in investment grade ABS across various economic sectors. The fund seeks cash-flow-rich and asset-rich transactions, focusing on defensive positions to withstand severe recessions. Filmed February, 2025.
Link to the Asset-Backed Securities ETF Prospectus
DoubleLine ETFs are distributed by Foreside Fund Services, LLC.
Mr. Hsu joined DoubleLine at its inception in 2009. He is a Portfolio Manager for the DoubleLine Total Return and ABS/Infrastructure Income strategies. Mr. Hsu is a permanent member of the Fixed Income Asset Allocation and Structured Products Committees. Prior to that, he was responsible for analysis and trading of structured products, where his focus included residential MBS and ABS transactions. Mr. Hsu’s responsibilities have also included structuring and negotiating terms on new-issue transactions and forming strategic partnerships with issuing entities in order to participate in key transactions. Prior to DoubleLine, he worked at TCW from 2002, where he focused on credit analysis for structured product securities and co-managed two structured product funds centered on debt and equity investments. During that time, Mr. Hsu was actively involved with portfolio management decisions and investment analysis, including reverse engineering complex CDO/CLO structures. He holds a BS in Finance from the University of Southern California and is a CFA® charterholder.
Ms. Wong joined DoubleLine in 2009. She is Portfolio Manager on the Global Infrastructure Investment and Asset-Backed Securities team. Prior to DoubleLine, Ms. Wong was an Assistant Vice President at TCW where she was a Structured Products Risk Analyst. She holds a B.S. in Mathematics/Economics from the University of California, Los Angeles.
