DoubleLine Fortune 500 Equal Weight ETF
DFVE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2002 North Tampa Street, Suite 200 Tampa FL United States of America 33602
- IPO Date
- Feb 1, 2024
- Website
- doubleline.com
- Similar Companies
- Business
- DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that seeks to track the investment results of the Barclays Fortune 500 Equal Weighted Total Return Index by investing equally across public companies included in the annual Fortune 500 list of the largest U.S. companies based on total revenues; the fund is reconstituted annually upon release of the new Fortune 500 list and rebalanced quarterly to maintain equal weighting among eligible constituents, which excludes private companies, those not listed on the NYSE or Nasdaq, master limited partnerships, firms with insufficient liquidity or listing history, and certain other criteria. DFVE, issued by DoubleLine ETF Trust and managed by portfolio managers Jeffrey Gundlach and Jeffrey Sherman of DoubleLine Capital LP—a money management firm founded in 2009 and headquartered in Tampa, Florida—offers investors diversified exposure to approximately 449 holdings in U.S. large-cap equities across sectors including industrials (17.29%), consumer discretionary (15.66%), financials (14.98%), and health care (10.09%), with a gross expense ratio of 0.20% and net assets of around $17 million as of September 2025. The fund provides a rules-based, transparent alternative to market-cap weighted indices, targeting revenue-leading public U.S. companies while emphasizing equal-weight principles for broader diversification. Launched on January 31, 2024, DFVE represents an expansion of DoubleLine's ETF platform, which traces back to the 2022 establishment of DoubleLine ETF Trust and strategic partnerships such as with Barclays for index licensing; in recent years, DoubleLine has grown its ETF suite with launches including the DoubleLine Multi-Sector Income ETF in December 2024 and ongoing mergers involving affiliated funds like CI DoubleLine Core Plus Fixed Income US$ Fund in August 2025, alongside institutional investor interest evidenced by Foundations Investment Advisors, LLC's acquisition of 176,044 shares in February 2025.