SPDR DoubleLine Total Return Tactical ETF

Price: $39.54
Change: $0.09 (-0.0%)
Category: Total Bond Market
Last Updated:


Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.55%
ETF Home Page Home page
Inception Feb 23, 2015
Index Tracked ACTIVE - No Index

Analyst Report

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).

ETF Database Themes

Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Total Bond Market
Bond Duration All-Term

FactSet Classifications

Segment Fixed Income: Global - Broad Market, Broad-based
Category Broad Market, Broad-based
Focus Broad Credit
Niche Broad Maturities
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $36.30
  • 52 Week Hi $39.93
  • AUM $2,901.8 M
  • Shares 73.4 M

Historical Trading Data

  • 1 Month Avg. Volume 365,648
  • 3 Month Avg. Volume 540,445

Alternative ETFs in the ETF Database Total Bond Market Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKAG 0.00% $1.8 B 128,403 -1.39%
Largest (AUM) AGG 0.03% $107.9 B 9 M -1.33%
Most Liquid (Volume) AGG 0.03% $107.9 B 9 M -1.33%
Top YTD Performer PCEF 3.08% $751.0 M 137,264 7.24%

Alternative ETFs in the FactSet Fixed Income: Global - Broad Market, Broad-based Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GRNB 0.20% $93.0 M 13,711 0.05%
Largest (AUM) FBND 0.36% $9.3 B 1 M -0.82%
Most Liquid (Volume) FBND 0.36% $9.3 B 1 M -0.82%
Top YTD Performer AFIF 1.09% $104.1 M 54,927 2.76%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

TOTL ETF Database Category Average FactSet Segment Average
Number of Holdings 1273 1417 530
% of Assets in Top 10 25.62% 35.71% 45.82%
% of Assets in Top 15 31.65% 40.12% 49.84%
% of Assets in Top 50 54.06% 57.70% 64.12%

Size Comparison

TOTL ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

TOTL Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

TOTL Dividend

This section compares the dividend yield of this ETF to its peers.

TOTL ETF Database Category Average FactSet Segment Average
Dividend $ 0.17 $ 0.18 $ 0.15
Dividend Date 2024-05-01 N/A N/A
Annual Dividend Rate $ 2.00 $ 1.91 $ 1.30
Annual Dividend Yield 5.07% 4.56% 3.97%

TOTL Price and Volume Charts

View charts featuring TOTL price and volume data.

TOTL Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 3.93 M 1 Month Net Flows: 68.48 M 3 Month Net Flows: -243.24 M 6 Month Net Flows: -359.35 M 1 Year Net Flows: 77.1 M 3 Year Net Flows: 214.36 M 5 Year Net Flows: 149.04 M 10 Year Net Flows: 3.38 B

TOTL Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 23.26 M
1 Month Net AUM Change: 90.05 M
3 Month Net AUM Change: -234.24 M
6 Month Net AUM Change: -281.44 M
1 Year Net AUM Change: -7.09 M
3 Year Net AUM Change: -285.34 M
5 Year Net AUM Change: -344.96 M
10 Year Net AUM Change: 2.9 B

Realtime Rating

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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- AGG
Expenses C+ BKAG

A+ Overall Rated ETF:

TOTL Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

TOTL does not have an ESG score. There are no ESG themes that map to this ETF.

TOTL Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

TOTL ETF Database
Category Average
Factset Segment
1 Month Return 1.92% 1.80% 1.75%
3 Month Return 1.00% 1.08% 0.88%
YTD Return -0.08% 0.27% -0.05%
1 Year Return 2.54% 4.52% 2.68%
3 Year Return -2.30% -0.85% -0.63%
5 Year Return -0.21% 0.62% 0.29%

Geographic Exposure

The following charts reflect the geographic spread of TOTL's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of TOTL's underlying holdings.

Asset Percentage
Asset Backed Security 47.78%
Sovereign 22.92%
Mortgage Backed Security 21.57%
Corporate 14.38%
Open-ended Fund 4.75%
Bank Loan 1.76%
CASH 0.17%
Preferred 0.07%
Warrant 0.0%
Other -13.54%
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 47.78%
Sovereign 22.92%
Mortgage Backed Security 21.57%
Corporate 14.38%
Open-ended Fund 4.75%
Bank Loan 1.76%
CASH 0.17%
Preferred 0.07%
Warrant 0.0%
Other -13.54%

TOTL Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 55.54%
20 Day Volatility 4.50%
50 Day Volatility 9.07%
200 Day Volatility 7.47%
Beta 0.13
Standard Deviation 0.86%
5 Day Volatility
37 of 124

20 Day Volatility
51 of 124

50 Day Volatility
3 of 124

200 Day Volatility
9 of 124

78 of 122

Standard Deviation
68 of 123


  • 20 Day MA $39.20
  • 60 Day MA $39.27
  • MACD 15 Period 0.23
  • MACD 100 Period 0.25
  • Williams % Range 10 Day 43.18
  • Williams % Range 20 Day 18.17
  • RSI 10 Day 61
  • RSI 20 Day 56
  • RSI 30 Day 54
  • Ultimate Oscillator 53

Bollinger Bands

  • Lower Bollinger (10 Day) $39.21
  • Upper Bollinger (10 Day) $39.70
  • Lower Bollinger (20 Day) $38.63
  • Upper Bollinger (20 Day) $39.77
  • Lower Bollinger (30 Day) $38.54
  • Upper Bollinger (30 Day) $39.73

Support & Resistance

  • Support Level 1 $39.51
  • Support Level 2 $39.48
  • Resistance Level 1 $39.59
  • Resistance Level 2 $39.65


  • Stochastic Oscillator %D (1 Day) 22.91
  • Stochastic Oscillator %D (5 Day) 62.64
  • Stochastic Oscillator %K (1 Day) 32.26
  • Stochastic Oscillator %K (5 Day) 64.24


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.11
  • Maximum Premium Discount (%) 1.10
  • Average Spread (%) 1.01
  • Average Spread ($) 1.01

Financial Advisor Report

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 Sheet

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.

Data Lineage

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