The exchange-traded fund (ETF) focuses on short term, investment grade debt and aims to offer income with low-interest rate risk.

DoubleLine has listed its DoubleLine Ultrashort Income ETF (DLUX) on the NYSE Arca exchange. The ETF is benchmarked against the ICE BofA US 3 Month T-Bill Index  The actively managed fund invests in a mix of short-term, investment-grade fixed-income securities across government, securitised and corporate bond markets. It aims to maintain a portfolio with an average duration of one year or less. The ETF is benchmarked against the ICE BofA US 3 Month T-Bill Index and has a management fee