About SPDR DoubleLine Total Return Tactical ETF (TOTL)

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that seeks to provide investors with current income as well as capital appreciation. The fund invests primarily in a diversified portfolio of fixed income securities, including corporate debt, government bonds, and mortgage-backed securities. It may also invest in foreign securities, which can provide exposure to different markets and currencies. TOTL is managed by DoubleLine Capital LP, a well-known investment firm founded by bond guru Jeffrey Gundlach.

One of the key features of TOTL is its tactical approach to fixed income investing. The fund's portfolio managers actively adjust the fund's allocation to different sectors and securities based on their assessment of market conditions. This active management strategy aims to take advantage of opportunities and manage risks in the fixed income market. The managers also consider factors such as interest rate trends, credit conditions, and economic indicators when making investment decisions.