Investors looking to avoid underperformance should steer clear of SPDR DoubleLine Total Return Tactical ETFTOTL . The fund recently hit a new 52-week low. Shares of TOTL are down roughly 4.1% from its 52-week high of $49.66/share.
But is more pain in store for this ETF? Let's take a quick look at the fund and the near-term outlook to get a better idea of where it might be headed.
TOTL in Focus
The fund looks to maximize total returns. The fund has an effective duration of 4.78 years and an average maturity of 6.45 years. TOTL charges 55 basis points in fee per year (see all Total Bond Market ETFs here).
Why the Move?
Bond yields have been on uptrend lately on concerns over increasing inflationary pressure. U.S. 10-Year Treasury yields are hovering around a four-year high. Bond yields and prices move inverse to each other. Moreover, the Fed is widely expected to hike interest rates faster this year. All these weighed on this bond fund.
More Losses Ahead?
TOTL has a negative weighted alpha of 2.80 . So, the outlook for this fund remains bleak.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.