DBND Fees and Costs — DoubleLine Opportunistic Core Bond ETF
Data updated: 2026-08-20
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 39%.
DBND Fees and Expenses
Annual operating expenses and sales charges of DBND. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DBND Costs Over Time
On $10,000 invested in DBND, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.48% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $156 | $286 |
| Value after costs | $10,452 | $11,420 | $12,477 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
DBND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $870.4M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
DBND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $6K | 50.71% |
| J.P. Morgan Securities LLC | $3K | 22.71% |
| Citigroup Global Markets Inc. | $2K | 21.32% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $480 | 4.24% |
| BofA Securities, Inc. | $65 | 0.58% |
| Morgan Stanley & Co. LLC | $50 | 0.44% |
DBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $503.4M | 64.96% |
| BofA Securities, Inc. | $55.8M | 7.20% |
| Goldman Sachs & Co. LLC | $42.5M | 5.49% |
| Morgan Stanley & Co. LLC | $33.2M | 4.28% |
| Barclays Capital, Inc. | $33.0M | 4.26% |
| Citigroup Global Markets Inc. | $31.2M | 4.03% |
| Wells Fargo Securities, LLC | $30.8M | 3.97% |
| Deutsche Bank Securities Inc. | $19.5M | 2.51% |
| Bank of Montreal | $12.9M | 1.67% |
| Nomura Securities International, Inc. | $12.6M | 1.63% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.