Symbols

TOTL

State Street DoubleLine Total Return Tactical ETF·ARCA

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Key Stats

Assets Under Management

4.03BUSD

Fund Flows (1Y)

571.20MUSD

Dividend Yield

5.22%

Discount/Premium to NAV

0.15%

Shares Outstanding

100.20M

Expense Ratio

0.55%

About State Street DoubleLine Total Return Tactical ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-doubleline-total-return-tactical-etf-totl

Inception Date

Feb 23, 2015

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

TOTL, managed by Jeffrey Gundlach's DoubleLine Capital, is an actively-managed fixed income fund with an extremely broad investment mandate. The ETF's 2015 launch was one of the most successful on record judging by assets. TOTL has the latitude to invest in a wide array of fixed income sectors globally using the manager's top down macroeconomic views as well as fundamental bond-picking. Notable boundaries include avoiding short positions, and a 25% maximum allowable allocation to corporate high yield securities. TOTL uses a master feeder fund structure, similar to State Street Global Advisors' other active ETFs. Ultimately, like all actively managed funds, the decision to invest in the fund depends on one's confidence in the portfolio manager's ability to consistently beat the market through sector allocation and security selection.