DoubleLine Expands Active ETF Suite With Ultrashort Income Strategy

by Elle Caruso Fitzgerald of VettaFi, 4/1/26

Key Takeaways

  • DoubleLine has launched the DoubleLine Ultrashort Income ETF (DLUX), an active ETF designed to optimize returns while maintaining high liquidity and low interest-rate risk.
  • Priced at 18 basis points, DLUX provides a high-quality "fairway" trade for advisors seeking to capture yield without exposure to the extreme volatility of the current rate environment.
  • The new launch follows recent mutual-fund-to-ETF conversions and the introduction of specialized funds like DABS and DMX.

DoubleLine continues to fortify its presence in the ETF market, adding a new active fixed income solution designed for today’s complex interest rate environment. The DoubleLine Ultrashort Income ETF (DLUX) launched on NYSE Arca on April 1, marking the latest expansion of the firm’s rapidly growing ETF lineup.

The launch comes at a time when financial advisors are increasingly seeking specialized bond expertise to navigate shifting market playbooks. “Despite a crowded market for active ETFs, many advisors turn to DoubleLine for bond expertise. It is great to see the team further build out its lineup,” Todd Rosenbluth, head of research at VettaFi, said.

DLUX enters the market with the objective of achieving attractive returns through the active management of liquidity, interest-rate, and spread risks. By managing these components daily, DoubleLine aims to provide optimal return opportunities relative to a short-duration index while prioritizing capital preservation.

The fund’s strategy hinges on high-quality credit exposure obtained through diversified holdings across government, securitized, and corporate bond markets. To mitigate volatility, the portfolio maintains very low levels of interest-rate risk, while liquidity is managed through both structural portfolio holdings and market depth across various sectors. The fund carries an expense ratio of 18 basis points.