DoubleLine Shiller CAPE U.S. Equities ETF applies a disciplined, research-based approach to U.S. large-cap equity investing, grounded in the cyclically adjusted price-to-earnings (CAPE) ratio developed by Nobel Laureate Dr. Robert Shiller. By evaluating each sector’s valuation relative to its long-term historical average, the strategy identifies the most attractively priced sectors and systematically rotates into them. Monthly rebalancing ensures exposure to sectors with favorable relative value and momentum characteristics, while avoiding those with deteriorating trends. This methodology offers a compelling complement to traditional market-cap-weighted portfolios, particularly in environments marked by elevated concentration risk and valuation dispersion.
This ETF is different from traditional ETFs – traditional ETFs tell the public what assets they hold each day; this ETF will not. This may create additional risks. For example, since this ETF provides less information to traders, they may charge you more money to trade this ETF’s shares. Also, the price you pay to buy or sell ETF shares on an exchange may not match the value of the ETF’s portfolio. These risks may be even greater in bad or uncertain markets.
See the CAPE ETF prospectus for more information.
Investing involves risk including the risk of principal loss. For Important Information about this fund, please click here.
DoubleLine ETFs are distributed by Foreside Fund Services, LLC.
Mr. Dhall joined DoubleLine in 2013. He is a Portfolio Manager on the Macro Asset Allocation team, where he works with portfolio management performing analysis and trading for derivatives-based and multi-asset strategies. His research and analysis has contributed to the team’s development of DoubleLine’s smart-beta suite of strategies. Mr. Dhall also co-hosts DoubleLine’s weekly “Minutes” podcast (X @DLineMinutes, Minutes@Doubleline.com). Prior to DoubleLine, he worked at Capital Group, performing quantitative analysis in fixed income. Prior to Capital Group, Mr. Dhall was an instructor in finance at the UCLA Anderson School of Management and a research instructor at the UCLA Samueli School of Engineering. Prior to that, he worked in International Finance at Gulf Machinery Co. Mr. Dhall holds a B.S. in Physics with a secondary emphasis in Business from the University of California, Berkeley, and an M.S. in Financial Engineering from the UCLA Anderson School of Management.
