DoubleLine Fortune 500 Equal Weight ETF (DFVE)
DoubleLine Fortune 500 Equal Weight ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Tampa, FL, US. The stock last traded at $37.37, up 0.15% on the session, giving a market capitalisation of $20.2M. Its beta of 0.79 implies it has historically moved less than the broad market.
Here's a rephrased version of the description: Under typical operating conditions, the fund allocates a minimum of 80% of its entire investment capital—which includes its net assets plus any funds acquired through borrowing for investment purposes—to either the individual securities that constitute its benchmark index or to derivative instruments that provide comparable investment exposure to that index or its components. The fund is permitted to heavily concentrate its investments within a particular industry or cluster of industries, but only to the extent that the underlying index itself exhibits a similar weighting or focus in those specific sectors.
DoubleLine Fortune 500 Equal Weight ETF is most often compared with the following Financial Services names: