Shiller CAPE® U.S. Equities ETF
- $23.08Market PriceAs of 05/27/2022
- $23.11Closing NAVAs of 05/27/2022
- $23.11Closing VIIVAs of 05/27/2022
- 75,471Trading VolumeAs of 05/27/2022
- 4,442,000Shares OutstandingAs of 05/27/2022
- $102.676MAUMAs of 05/27/2022
- 288Number of HoldingsAs of 05/27/2022
- 1.21Gross 30-Day SEC YieldAs of 04/30/2022
- 0.65%Gross Expense RatioAs of 03/31/2022
Pricing & Premium/Discount, VIIV, Trading Halts
This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. The performance information shown assumes the reinvestment of all dividends and distributions.
|Fund Inception Date||3/31/2022|
The DoubleLine Shiller CAPE® U.S. Equities ETF’s (the “Fund” or “Equities ETF”) investment objective is to seek total return which exceeds the total return of the S&P 500 Index.
The Equities ETF seeks total return which exceeds the total return of the S&P 500 Index by employing a U.S. equity sector rotation strategy, under which the ETF will obtain exposure to the Shiller Barclays CAPE US Sector TR Index (the Index). The Index aims to identify undervalued sectors based on a modified CAPE ratio, and then uses a momentum factor to seek to mitigate the effects of potential value traps.
- You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
- The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
- These additional risks may be even greater in bad or uncertain market conditions.
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance.
For additional information regarding the unique attributes and risks of the ETF, see the Prospectus and SAI, which are available on this site.
The Verified Intraday Indicative Value (VIIV)
Unlike traditional ETFs, the fund does not tell the public what assets it holds each day. Instead, the fund provides a verified intraday indicative value (VIIV), calculated and disseminated every second throughout the trading day by the Fund’s listing exchange or by market data vendors or other information providers. The VIIV is based on the current market value of the securities in the fund’s portfolio on that day. The VIIV is intended to provide investors and other market participants with a highly correlated per share value of the underlying portfolio that can be compared to the current market price.
Locating and Methodology for Calculating the VIIV
For example, the VIIV can be found on Yahoo Finance (https://finance.yahoo.com) by typing “^CAPE-IV” (Shiller CAPE U.S. Equities ETF) in the search box labeled “Quote Lookup.” To calculate the VIIV, the fund employs two separate calculation engines to provide two independently calculated sources of intraday indicative values (calculation engines). The fund then uses a pricing verification agent to continuously compare the data from both the calculations engines on a real time basis. If during the process of real time price verification, the indicative values from the calculation engines differ by more than 25 basis points for 60 consecutive seconds, the pricing verification agent will alert the advisor, and the advisor will request that the Listing Exchange halt trading of the fund’s shares until the two indicative values come back into line. This “circuit breaker” is designed to prevent the VIIV from reflecting outlier prices. The specific methodology for calculating the fund’s VIIV is available here.
S&P 500 Index is an unmanaged capitalization-weighted index of the stocks of the 500 largest publicly traded U.S. companies is designed to measure performance of the broad domestic economy through changes in the aggregate market value of the 500 stocks, which represent all major industries.
Barclays Capital Inc. and its affiliates (“Barclays”) is not the issuer or producer of DoubleLine Shiller CAPE® U.S. Equities ETF (the “ETF”) and Barclays has no responsibilities, obligations or duties to investors in the Fund. The Shiller Barclays CAPE® US Sector USD Index (the “Index”) is a trademark owned by Barclays Bank PLC and licensed for use by the ETF. While the ETF may execute transaction(s) with Barclays in or relating to the Index, ETF investors acquire interests solely in the ETF and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in the ETF. The ETF is not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the ETF or use of the Index or any data included therein. Barclays shall not be liable in any way to the ETF, investors or to other third parties in respect of the use or accuracy of the Index or any data included therein. Please see the prospectus for further details. Periodic investment plans do not assure a profit and do not protect against loss in declining markets.
The Shiller Barclays CAPE® US Index Family (the “Index Family”) has been developed in part by RSBB-I, LLC, the research principal of which is Robert J. Shiller. RSBB-I, LLC is not an investment advisor and does not guarantee the accuracy and completeness of the Index Family or any data or methodology either included therein or upon which it is based. RSBB-I, LLC shall have no liability for any errors, omissions or interruptions therein and makes no warranties expressed or implied, as to the performance or results experienced by any party from the use of any information included therein or upon which it is based, and expressly disclaims all warranties of the merchantability or fitness for a particular purpose with respect thereto, and shall not be liable for any claims or losses of any nature in connection with the use of such information, including but not limited to, lost profits or punitive or consequential damages even, if RSBB-I, LLC is advised of the possibility of same.
Past performance is not a guarantee of future results.