DSCO ETF: What Is It? — Total Guide to Returns, Expense Ratio, Holdings & Alternative ETFs
The DoubleLine Securitized Credit ETF DSCO is an active income ETF that invests flexibly in structured bonds, including mortgage-backed securities, asset-backed securities, and collateralized loan obligations. Key points to review include its monthly income distributions, credit risk exposure, and the fee difference versus passive products.
SubscribeWhat Is the DoubleLine Securitized Credit ETF?
An actively managed ETF that invests the bulk of its assets in securitized credit bonds. It seeks to generate income by holding a broad mix of structured bonds whose cash flows are linked to underlying assets, including mortgage-backed securities (MBS), asset-backed securities (ABS), and collateralized loan obligations (CLOs).
It is well suited for diversified investors who want bond income and are willing to accept the volatility that comes with structured credit.
The fund is an actively managed ETF run by DoubleLine.
How Does the DoubleLine Securitized Credit ETF Invest?
| Item | Details |
|---|---|
| Benchmark Index | None (Actively Managed) |
| Management Style | Active (Manager Selection) |
| Rebalancing Frequency | At Manager Discretion |
| Distribution Frequency | Monthly |
| Manager | DoubleLine |
| Total Expense Ratio | 0.50% |
The portfolio managers actively select securitized credit holdings across agency and non-agency MBS, ABS, and CLOs. Income generation is the primary objective, total return is the secondary objective, and credit and interest-rate risk are adjusted to maintain broad diversification.
- Active asset allocation across the securitized credit universe
- Income-focused active bond management
DoubleLine Securitized Credit ETF: Size and Cost (AUM & Expense Ratio)
Assets under management (AUM) stand at $238.7M, and the total expense ratio is 0.50% per year.
Unlike passive bond ETFs that track an index, manager discretion drives performance, so fees and investment capability should be evaluated together.
DoubleLine Securitized Credit ETF: Performance and Flows
1-Year Price Performance
Dividend & Yield
52-Week Price RangeSecuritized credit is highly sensitive to the direction of interest rates and changes in credit spreads, and flows have recently diverged depending on short-term bond demand and the rate environment. Volatility can widen at times.
With income demand still in place, investor interest in short-duration and structured bond ETFs has been sustained. However, flows can swing with shifts in the credit cycle and monetary policy.
DoubleLine Securitized Credit ETF: Strengths and Weaknesses
Active securitized credit management and monthly income distributions are the key strengths, while the active fee load and credit and interest-rate risk are the main drawbacks.
💪 Key Strengths
⚠️ Points to Watch
DoubleLine Securitized Credit ETF: Alternatives and Related Products
JAAA, PAAA, and CLOA, shown in the table, are ETFs that focus on top-tier-rated CLOs and offer lower credit risk than DSCO, while CLOI is also a structured bond-centered product. Meanwhile, FSEC, which invests broadly across investment-grade securitized bonds, is a direct comparison given its overlap in asset class. The right choice depends on your tolerance for credit risk and your sensitivity to fees.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 JAAA | Janus Henderson AAA CLO ETF | $50.63 | +0.0% | $32.5B | 0.20% | 4.84% | -0.2% |
 PAAA | PGIM AAA CLO ETF | $51.48 | +0.0% | $15.0B | 0.19% | 4.64% | +0.1% |
 FSEC | Fidelity Investment Grade Securitized ETF | $42.59 | +0.1% | $4.5B | 0.36% | 4.58% | -4.3% |
 CLOA | iShares AAA CLO Active ETF | $51.94 | -0.0% | $2.8B | 0.20% | 4.77% | +0.1% |
 CLOI | VanEck CLO ETF | $52.97 | +0.0% | $1.8B | 0.36% | 5.08% | -0.2% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 SSP | E.W. Scripps Co | 0.03% | $2.52 | +4.6% | $233.5M | - | - |
 FLRG | Fidelity U.S. Multifactor ETF | 0.02% | $42.11 | +0.1% | $0.0M | - | 1.4% |
Investor Checklist for the DoubleLine Securitized Credit ETF
Here are the points to review before investing in DSCO. As an active bond ETF, it is wise to check the fee level, credit risk, interest-rate sensitivity, and distribution flows in advance.
| Checkpoint | What to Verify | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the active management fee level | Somewhat high |
| 📊 Credit Composition | Review weighting in non-agency and CLOs | Centered on structured bonds |
| 📈 Interest-Rate Sensitivity | Check duration and rate exposure | Dependent on rate environment |
| 💰 Distribution Flow | Check sustainability of monthly distributions | Aimed at monthly dividends |
Credit risk and rate volatility are the main drivers of short-term performance. If the credit cycle worsens or rates shift abruptly, valuation losses on structured bonds can widen, so it is advisable to monitor risk levels alongside distribution flows on an ongoing basis.
For investors seeking bond income combined with securitized credit diversification, this active ETF is worth considering. If you want lower credit risk, compare it with alternatives focused on top-tier-rated CLOs; if cost is the priority, include passive bond ETFs in your comparison.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 18, 2026.
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