State Street(R) DoubleLine(R) Total Return Tactical ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, State Street(R) DoubleLine(R) Total Return Tactical ETF held 1,727 positions with $4.18B in net assets. Its ten largest holdings made up 21.8% of the fund. The TOTL share class costs 0.55% a year. Over the 12 months to May 2026, TOTL returned 4.9%, with dividends reinvested. In 2026 Q2 it added 288 new positions and exited 214.
The State Street DoubleLine Total Return Tactical ETF (the Fund) seeks to maximize total return.
The fund is managed by DoubleLine Capital LP, which invests at least 80% of assets in fixed income securities across government, agency and non-agency mortgage-backed securities, corporate bonds, bank loans, municipal bonds, and emerging market debt. The Sub-Adviser actively rotates among sectors using top-down analysis of fundamentals and selects individual securities bottom-up, while maintaining a weighted average effective duration between 1 and 8 years and limiting below-investment-grade debt to 40% of net assets. Because individual security selection depends on the Sub-Adviser's analysis and sector rotation decisions, portfolio performance may diverge from broad fixed income benchmarks. The fund may use Treasury futures to manage duration and yield curve exposure.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States Treasury | 6.06% | $253.17M | — |
United States Treasury 0.75% · due 2028-01-31 | 5.57% | $232.67M | — |
United States Treasury 0.88% · due 2026-09-30 | 2.29% | $95.80M | — |
GVMXXState Street Global Advisors | 2.14% | $89.32M | — |
United States Treasury 0.88% · due 2030-11-15 | 1.56% | $65.29M | — |
United States Treasury 0.63% · due 2030-08-15 | 1.45% | $60.75M | — |
Freddie Mac 5.50% · due 2054-07-01 | 0.71% | $29.78M | — |
Fannie Mae 5.50% · due 2054-09-01 | 0.70% | $29.31M | — |
Fannie Mae 5.00% · due 2055-01-01 | 0.66% | $27.67M | — |
Fannie Mae 3.00% · due 2052-06-01 | 0.60% | $24.95M | — |
The 200 largest of 1,727 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 64.33% |
| Bonds | 25.43% |
| Cash & short-term | 8.20% |
| Loans | 1.02% |
| 2 smaller | 0.35% |
Derivatives are shown at market value, not notional exposure.
How it has done
TOTL share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.38%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
State Street(R) DoubleLine(R) Total Return Tactical ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.55%· TOTL 0.55%
- Portfolio turnover
- 20.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
288 new· the largest 4
214 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 69.7% |
| Floating rate | 29.9% |
| Zero-coupon or unclassified | 0.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.8% |
| 1-3y | 9.5% |
| 3-5y | 9.4% |
| 5-10y | 11.2% |
| 10y+ | 67.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 79% |
| Credit spreads | 21% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.93 yr |
| High yield | +0.54 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 1.04 yr | 18% |
| 5 yr | 2.09 yr | 37% |
| 10 yr | 2.04 yr | 36% |
| 30 yr | 0.55 yr | 10% |
3 mo is NEGATIVE (-0.14 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.21 yr | 14% |
| 5 yr | 0.59 yr | 41% |
| 10 yr | 0.47 yr | 32% |
| 30 yr | 0.19 yr | 13% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.14 | +0.01 | +0.01 | $2.2k | $2.1k |
| 1 yr | +1.04 | +0.10 | +0.11 | $41.9k | $44.2k |
| 5 yr | +2.09 | +0.33 | +0.26 | $138.6k | $109.8k |
| 10 yr | +2.04 | +0.34 | +0.13 | $142.3k | $54.5k |
| 30 yr | +0.55 | +0.15 | +0.04 | $62.3k | $15.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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