The team at a $92-billion-AUM (as of December 31), 283-employee fund firm is rolling out a pair of active ETFs.

Today, Jeffrey Gundlach (founder, CEO, and chief investment officer of DoubleLine [profile]), Ron Redell (president of DoubleLine), and Morris Chen (head of DoubleLine's commercial mortgage-backed securities and commercial real estate debt team) unveiled the launch of the DoubleLine Commercial Real Estate ETF (DCMB) and the DoubleLine Mortgage ETF (DMBS). Both new funds are advised by DoubleLine ETF Adviser LP and are series of the DoubleLine ETF Trust.

The new funds' inception date was March 31, and they begin trading today on the NYSE Arca. DMBS comes with an expense ratio of 49 basis points, while DCMB's expense ratio is 39 bps.

The PM team for DCMB includes Chen, Mark Cho, and Robert Stanbrook. And the PM team for DMBS includes: Ken Shinoda, Vitaliy Liberman, and Gundlach himself.

The funds' other service providers include: Deloitte & Touche LLP as independent accounting firm; Foreside Fund Services, LLC as distributor; J.P. Morgan Chase, N.A. as custodian and transfer agent; and Morgan Lewis & Bockius, LLP as counsel. 

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