DoubleLine Portfolio Manager Jeff Mayberry explores the current state of equity markets amid ongoing global uncertainty, particularly surrounding U.S. trade policy and tariffs. With global trade tensions, Federal Reserve policy questions and elevated valuations, Mr. Mayberry explains why traditional market-cap strategies might be riskier than they appear. He highlights how sector concentration – especially in tech – has distorted the S&P 500 Index, and why equal-weight and sector-rotation strategies might offer better balance and long-term potential.
Mr. Mayberry dives into DoubleLine’s Shiller CAPE® U.S. Equities ETF (CAPE) and Shiller Enhanced CAPE® Mutual Fund (DSEEX), which use valuation and momentum filters to rotate into undervalued sectors while managing risk with a conservative fixed-income sleeve. He also introduces the Fortune 500 Equal Weight ETF (DFVE), offering exposure to high-revenue companies with broader diversification than the S&P 500. These strategies aim to reduce reliance on megacap tech stocks and provide more stable returns in uncertain times.
00:00 - Welcome & Market Overview 03:30 - GDP, Tariffs & Economic Impact 06:45 - Valuations & CAPE® Ratio 12:00 - Sector Concentration & Equal Weighting 15:00 - Inside the CAPE® ETF Strategy 24:30 - Shiller Enhanced CAPE® Mutual Fund 30:30 - Fortune 500 Equal Weight ETF 43:45 - Final Thoughts & Market Outlook Investing involves risk including the risk of principal loss.
For Important Information about these fund, please visit: DoubleLine Shiller CAPE U.S. Equities ETF (CAPE): https://doubleline.com/funds/shiller-...
Link to Prospectus: https://pex.broadridge.com/summary.as...
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 ETF prospectus for more information.
DoubleLine Fortune 500 Equal Weight ETF (DFVE): https://doubleline.com/funds/fortune-... Link to prospectus: https://pex.broadridge.com/summary.as... DoubleLine Shiller Enhanced CAPE Fund (DSEEX): https://doubleline.com/funds/shiller-... Link to Prospectus: https://pex.broadridge.com/summary.as...
DoubleLine ETFs are distributed by Foreside Fund Services, LLC.
DoubleLine Funds are distributed by Quasar Distributors, LLC.
Mr. Mayberry joined DoubleLine in 2009. He is a Portfolio Manager on DoubleLine’s strategic commodity strategy while working in portfolio management and trading for derivatives‐based and multi‐asset strategies. Mr. Mayberry is a Strategist on the Fixed Income Asset Allocation Committee and a contributing member on our Global Asset Allocation and Macro committees. He also co-hosts DoubleLine’s weekly Monday Morning Minutes (Twitter @DLineMinutes, Minutes@Doubleline.com) podcast. Prior to DoubleLine, Mr. Mayberry was a Senior Vice President at TCW for nine years within the Mortgage Group, where he specialized in portfolio and fund monitoring and analytics. He holds a B.S. in Engineering from Harvey Mudd College and an M.S. in Financial Engineering from the Peter F. Drucker Graduate School of Management at Claremont Graduate University.
