Doubleline Etf Trust - Commercial Real Estate ETF
DCMB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 4, 2023
- Similar Companies
- Business
- DoubleLine ETF Trust (DCMB), through its DoubleLine Commercial Real Estate ETF (ticker: DCRE, formerly DCMB), operates as an actively managed exchange-traded fund that seeks current income and capital preservation, with long-term capital appreciation as a secondary objective. The ETF invests primarily in a diversified portfolio of high-quality, investment-grade commercial mortgage-backed securities (CMBS), including non-agency CMBS (such as conduit, CRE CLOs, SASB, and large loan structures), agency CMBS, and short-duration fixed- and floating-rate instruments; it maintains at least 80% of net assets in fixed-income securities or similar investments, with a portfolio featuring approximately 240 holdings, a weighted-average duration of 1.74 years, weighted-average life of 2.37 years, and a 30-day SEC yield of 5.09% as of October 2025. Key holdings include BANK5 2023-5YR2 A3, FN BZ3936, and FHMS K518 A2, with credit quality skewed toward AAA (72.73%) and agency securities (13.51%). Established under DoubleLine ETF Trust in 2022 by DoubleLine Capital LP (founded 2009), the Trust is headquartered in Tampa, Florida, following the parent firm's relocation from Los Angeles in early 2022; DoubleLine Capital LP serves as investment adviser, with portfolio management led by Morris Chen, Mark Cho, and Robert Stanbrook focusing on rigorous scenario and credit analyses for security selection in commercial real estate debt. The firm targets institutional and retail investors seeking exposure to senior commercial mortgage loans backed by high-quality real estate, offering excess yield with lower interest-rate sensitivity compared to U.S. Treasuries or investment-grade corporate bonds, and potential diversification benefits across fixed-income sectors. In April 2023, DoubleLine ETF Trust launched the Commercial Real Estate ETF (initially under ticker DCMB) alongside the Mortgage ETF (DMBS) as part of its expanding suite of actively managed ETFs; on February 1, 2024, the fund underwent a ticker symbol change from DCMB to DCRE to better reflect its commercial real estate focus. The ETF trades on NYSE Arca with a gross expense ratio of 0.40% and has grown net assets to $326.1 million by October 2025, delivering a one-year market return of 6.54% and since-inception annualized return of 6.73% through that period. No major acquisitions, partnerships, funding rounds, or strategic reorganizations specific to the ETF or Trust have been reported in the last 1-2 years.