## [# Daily ETF Watch: Gundlach Takes On BOND](/sections/daily-etf-watch/daily-etf-watch-gundlach-takes-bond)
# Daily ETF Watch: Gundlach Takes On BOND
Look out, Gross; here comes Gundlach!
[](/contributors/hung-tran)
[By Hung Tran](/contributors/hung-tran)
Jun 02, 2014
Edited by: Hung Tran
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Jeffrey Gundlach’s DoubleLine Capital, along with State Street Global Advisors, has [filed regulatory paperwork](https://www.sec.gov/Archives/edgar/data/1516212/000119312514219543/d734601d485apos.htm) to market the SPDR DoubleLine Total Return Tactical ETF, an active fixed-income fund that will look to go head-to-head with Bill Gross’ successful ETF version of the Pimco Total Return Fund.
It took less than three months for the $3.4 billion Pimco Total Return ETF ([BOND](/BOND)) to reach $1 billion in assets after its March 1, 2012 launch—its instant success a reflection of Gross’ star quality and of a hunger for yield that prevails among investors in this post-crash era of financial repression.
The search for yield continues to be a theme for investors in 2014. However, BOND has had outflows of $245 million year-to-date, according to data compiled by ETF.com Analytics, as investors continue pouring money into U.S. equity ETFs, thanks in part to the S&P 500 Index’s climb to record highs.
Gundlach’s latest filing also tells the broader tale of traditional mutual fund stalwarts looking to move into the fast-growing ETF industry via partnerships with ETF issuers a la TCW, Gundlach’s former employer, a [joint venture](/sections/news/20890-bond-etfs-a-first-for-ega-tcw.html) with Emerging Global Advisors earlier this year.
Total assets in U.S.-listed ETFs ended May just about at a record high of $1.804 trillion, according to data compiled by ETF.com Analytics.
The Gundlach/SSgA fund’s investment universe will consist of a diversified portfolio of fixed-income securities, including notes issued or guaranteed by the U.S. government or its agencies; inflation-protected public obligations of the U.S. Treasury (TIPS); foreign and domestic corporate bonds; and other securities bearing fixed-interest rates of any maturity, according to the regulatory paperwork.
The newly proposed offering is part of a “master feeder” structure and will invest all of its assets in the SSgA DoubleLine Total Return Tactical Portfolio. Associated fees and tickers were not made available in the filing.
**Filing**
iShares is giving two of its “Core” bond ETFs a facelift.
Effective June 3, the iShares Core Short-Term U.S. Bond ETF ([ISTB | A-69](/ISTB)) will change its name to the iShares Core Short-Term USD Bond ETF, according to an [NYSE communique](https://www.nyse.com/pdfs/TraderUpdate_iSharesIC_06032014.pdf). The fund will also switch its current index from the Barclays U.S. Government/Credit 1-5 Year Bond Index to the Barclays US 1-5 Year Universal Index.
Also, the iShares Core Long-Term U.S. Bond ETF ([ILTB | C-92](/ILTB)) will be renamed the iShares Core Long-Term USD Bond ETF and will swap its current Barclays U.S. Long Government/Credit Bond Index for the Barclays US 10+ Year Universal Index.
[ Hung Tran ](/contributors/hung-tran)
Hung Tran is a former staff writer for etf.com. [View Bio](/contributors/hung-tran)
Related Topics [Active Management](http://www.etf.com/topics/active-management)
[Bond](http://www.etf.com/topics/bond)
[Broad Market](http://www.etf.com/topics/broad-market)
[Broad Maturities](http://www.etf.com/topics/broad-maturities)
[Fixed Income](http://www.etf.com/topics/fixed-income)