DoubleLine ETF Trust - DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that seeks to provide investment results corresponding to the total return performance of the DoubleLine Commercial Real Estate Index, focusing on U.S. dollar-denominated commercial real estate debt securities; agency residential mortgage-backed securities; non-agency residential and commercial mortgage-backed securities; and collateralized loan obligations. The fund invests at least 80% of its net assets in instruments that comprise the index or have economic characteristics similar to those included in the index, including commercial real estate loans, credit risk transfer securities, and asset-backed securities; it employs a representative sampling strategy to track the index while seeking to minimize tracking error. Sponsored by DoubleLine Capital LP, the ETF operates within the real estate investment trust and fixed income segments, targeting institutional and retail investors seeking income and capital appreciation from commercial real estate exposure with lower volatility than equity REITs.
Established under the DoubleLine ETF Trust framework managed by DoubleLine Capital LP, founded in 2009 and headquartered in Los Angeles, California, DCRE launched in late 2023 to expand DoubleLine's suite of actively managed ETFs. The fund's geographic operations are primarily U.S.-focused, with investments in domestic commercial real estate debt markets. It maintains no subsidiaries but is part of DoubleLine's broader asset management platform, which oversees approximately $75 billion in assets as of mid-2025.
In the past year, DoubleLine ETF Trust has seen strategic expansions including the launch of additional sector-specific ETFs complementing DCRE; a key partnership with leading index providers to refine real estate debt benchmarks; and increased assets under management for DCRE amid rising demand for income-oriented real estate strategies post-2024 interest rate adjustments. No major acquisitions or name changes have occurred, though DoubleLine announced enhanced liquidity provisions for its ETF lineup in Q3 2025 to support growing investor inflows.