DCRE – DoubleLine Commercial Real Estt Dbt ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income and capital preservation; long-term capital appreciation as a secondary objective. The fund is an actively managed exchange-traded fund (“ETF”). Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in commercial real estate instruments or other investments with economic characteristics similar to commercial real estate instruments, such as derivative instruments (including credit default swaps). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DCRE	DoubleLine Commercial Real Estate Debt ETF	ETF	Open			Mar 31, 2023	$441.50M	0.390%	—	—	$152.57M

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