The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an actively managed bond fund managed by veteran bond investor Jeffrey Gundlach’s of DoubleLine Group. TOTL seeks to outperform the Bloomberg Barclays US Aggregate Bond Index by investing in different kinds of debt from developed and emerging markets around the world. As of June 2020, the fund owned mortgage-backed securities, Treasury bonds, emerging market debt, bank loans, asset-backed securities, and investment-grade and high-yield corporate debt. There are some constraints: the fund will not invest more than 25% of its assets in junk-rated corporate debt and aims to keep all other sub-investment-grade debt to less than 40% of the portfolio. Bonds have been one of the bright spots for active managers, and many bond ETFs manage to outperform their benchmarks — something stock pickers often fail to achieve. An investment in TOTL is ultimately a bet on the manager’s ability to outperform the market. TOTL is priced competitively with rivals like the JPMorgan Global Bond Opportunities ETF (JPGB) and the PIMCO Active Bond ETF (BOND).
This section compares how balanced and deep this ETF is relative to its peers.
| TOTL | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1263 | 1467 | 432 |
| % of Assets in Top 10 | 24.63% | 36.17% | 47.84% |
| % of Assets in Top 15 | 31.86% | 41.25% | 51.58% |
| % of Assets in Top 50 | 52.10% | 59.58% | 66.00% |
| TOTL | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 0.00% | N/A |
| Mid (>2.7B) | N/A | 0.04% | N/A |
| Small (>600M) | N/A | 0.61% | N/A |
| Micro (<600M) | N/A | 0.44% | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| TOTL | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.12 | $ 0.07 | $ 0.06 |
| Dividend Date | 2021-10-01 | N/A | N/A |
| Annual Dividend Rate | $ 1.37 | $ 0.98 | $ 0.88 |
| Annual Dividend Yield | 2.86% | 2.07% | 2.30% |
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 4.76 M 3 Month Net Flows: -24.31 M 6 Month Net Flows: -104.37 M 1 Year Net Flows: -74.62 M 3 Year Net Flows: 54.15 M 5 Year Net Flows: 155.82 M 10 Year Net Flows: 3.06 BView charts that break down the influence that fund flows and price had on overall assets.
The adjacent table gives investors an individual Realtime Rating for TOTL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
TOTL does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| TOTL |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.96% | -0.99% | -1.01% |
| 3 Month Return | -0.97% | -1.01% | -0.88% |
| YTD Return | -1.20% | -0.70% | -0.52% |
| 1 Year Return | -0.50% | 0.83% | 0.50% |
| 3 Year Return | 11.75% | 10.52% | 9.13% |
| 5 Year Return | 11.31% | 7.29% | 5.29% |
The following charts reflect the geographic spread of TOTL's underlying holdings.
The following charts reflect the allocation of TOTL's underlying holdings.
| Asset | Percentage |
|---|---|
| Asset Backed Security | 30.79% |
| Sovereign | 26.06% |
| Mortgage Backed Security | 20.38% |
| Corporate | 14.54% |
| Open-ended Fund | 3.59% |
| Bank Loan | 2.38% |
| Other | 2.0% |
| Preferred | 0.13% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Asset Backed Security | 30.79% |
| Sovereign | 26.06% |
| Mortgage Backed Security | 20.38% |
| Corporate | 14.54% |
| Open-ended Fund | 3.59% |
| Bank Loan | 2.38% |
| Other | 2.0% |
| Preferred | 0.13% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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