State Street DoubleLine Total Return Tactical ETF (TOTL)
JPMorgan Chase & Co. Raises Stock Holdings in SPDR Doubleline Total Return Tactical ETF $TOTL
JPMorgan Chase and Co. boosted its holdings in SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) by 317.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,447 shares of the company's stock after purchasing an additional 40,644 shares during the period. JPMorgan Chase
TOTL: Active Bond ETF With Low Risk And Below-Par Results
State Street DoubleLine Total Return Tactical ETF receives a renewed "Sell" rating due to lackluster performance versus peers and high expenses. TOTL's total return since inception is nearly identical to AGG, failing to justify its 0.55% expense ratio. The fund's portfolio is heavily weighted toward mortgage-backed securities and Treasuries, with moderate interest rate risk and high credit quality.
TOTL: An Active Bond Fund That's Not Living Up To The Hype
The SPDR® DoubleLine Total Return Tactical ETF aims to outperform its benchmark by exploiting mispricings in the bond market. The fund is actively managed and has the flexibility to invest in asset classes beyond the benchmark. Despite its active management approach, the fund has not consistently outperformed a passive bond market ETF proxy of its benchmark.
TOTL: Lagging Its Benchmark And Peers
SPDR® DoubleLine Total Return Tactical ETF is an actively managed debt fund with a 12-month trailing yield of 4.88%. The TOTL ETF portfolio has a low risk profile, but it has missed its objective to outperform its benchmark since inception. It has underperformed 4 of its close competitors over the last 15 months.
TOTL: Underperforms Passive Benchmark
The SPDR DoubleLine Total Return Tactical ETF has underperformed its benchmark, the Bloomberg US Aggregate Bond Index, over its 8-year history. TOTL has a high expense ratio of 0.55% and a high portfolio turnover rate of 119% compared to the passive Vanguard Total Bond Market ETF. Investors should avoid TOTL due to its high costs and underperformance.
TOTL: Fixed Income Fund Neither Here Nor There
The SPDR DoubleLine Total Return Tactical ETF is a fixed income exchange traded fund. The vehicle tries to replicate or outperform the Bloomberg US Aggregate Bond Index.
Using Tax Loss Harvesting to Move Into an Active Bond ETF
It's not quite tax season, but with year-end right around the corner, it could be an ideal time for advisors to discuss the benefits of tax loss harvesting with clients.