Key stats
About DoubleLine ETF Trust DoubleLine Fortune 500 Equal Weight ETF
Expense ratio
0.20%
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Inception date
Jan 31, 2024
DFVE draws constituents from the Fortune 500 list, which comprises the top-ranked 500 US companies based on revenue. It follows an index that excludes private companies, those with non-NYSE or NASDAQ-listed equity securities, and entities failing to meet liquidity thresholds or listing period requirements. Unlike conventional indices, an equal-weighting methodology is adopted instead of a market capitalization scheme. To manage exposure, the fund may utilize derivatives, such as futures and swap contracts, as well as investments in registered open-end investment companies, including ETFs. Additionally, the fund may lend up to a third of its assets to generate additional income, with cash collateral redirected into money market instruments or funds. The fund engages in active and frequent trading, potentially resulting in a high portfolio turnover rate. The index is reconstituted annually and rebalanced quarterly.