TOTL - TOTL: An Active Bond Fund That's Not Living Up To The Hype

2024-05-03 16:15:47 ET

Summary

• 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.

There's an argument to be made that there are more opportunities to tactically outperform in the bond market than in the stock market passive benchmarks. This hinges on the idea that bonds are relatively more inefficient, so there should be more mispricings to take advantage of. That's the raison d'être for the SPDR® DoubleLine Total Return Tactical ETF ( TOTL ). This actively managed ETF aims to outperform its benchmark, the Bloomberg U.S. Aggregate Bond Index, by exploiting mispriced areas of the bond market and incorporating asset classes beyond the index's scope....

For further details see: