{"url":"https://etfiq.com/funds/dabs/trading/","section":"funds","title":"DABS Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"DABS trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Dec 3, 2025","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/dabs/trading/#data","name":"DABS trading costs and liquidity","description":"DABS trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/dabs/trading/","dateModified":"2025-12-03","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","variableMeasured":["30-day median bid-ask spread","Premium or discount to NAV","Capacity","Active authorized participants","IQ Liquidity Score","Cost to trade by order size"],"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Who is the AP for DABS?","acceptedAnswer":{"@type":"Answer","text":"DABS\u2019s latest Form N-CEN, for the period ending Sep 30, 2025, lists 15 authorized participants (APs), and 6 created or redeemed shares. The largest were BofA Securities, Inc. (50.2%), Goldman Sachs & Co. LLC (25.0%), BNP Paribas Securities Corp. (6.2%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for DABS?","acceptedAnswer":{"@type":"Answer","text":"DABS\u2019s lead market maker (LMM) on NYSE Arca is Flow Traders U.S. LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/dabs#fund","name":"DoubleLine Asset-Backed Securities ETF","alternateName":"DABS","url":"https://etfiq.com/funds/dabs","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"DABS"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/dabs#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"DABS","item":"https://etfiq.com/funds/dabs"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/dabs/trading/"}]},{"@type":"WebPage","name":"DABS Bid-Ask Spread, Liquidity and NAV Premium","description":"DABS trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/dabs/trading/","dateModified":"2025-12-03","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3472,"truncated":false,"content":"ETFIQ / DABS / Trading \n \n As of Dec 3, 2025. Rebuilt every trading night.\n DABS bid-ask spread and liquidity\n IQ Liquidity Score\n Not scored, 1 of 6 measured.\n A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built \n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: its holdings are bonds, which have no volume source here Price fidelity Not measured: no closing premium is held for this fund Primary market, 85.0 6 active dealers of 15; largest 50% of creations and redemptions, N-CEN to Sep 30, 2025 Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) \n Capacity\n Not measured: its holdings are bonds, which have no volume source here.\n Dealers\n 6 active of 15 authorized participants; the largest did 50% of creations and redemptions, in the year to Sep 30, 2025 (Form N-CEN filed Dec 3, 2025).\n The active authorized participants, largest first, by share of the dollars created and redeemed: BofA Securities, Inc. (50.2%), Goldman Sachs & Co. LLC (25.0%), BNP Paribas Securities Corp. (6.2%), BNY Mellon Capital Markets, LLC (6.2%), Barclays Capital Inc. (6.2%), Citigroup Global Markets Inc. (6.2%). 9 more were listed and created or redeemed nothing.\n How to trade DABS\n When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund\u2019s own day once it has trade data. Coming with trade data\n Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n Who is the AP for DABS? DABS\u2019s latest Form N-CEN, for the period ending Sep 30, 2025, lists 15 authorized participants (APs), and 6 created or redeemed shares. The largest were BofA Securities, Inc. (50.2%), Goldman Sachs & Co. LLC (25.0%), BNP Paribas Securities Corp. (6.2%) of the dollars its APs created and redeemed. Who is the LMM for DABS? DABS\u2019s lead market maker (LMM) on NYSE Arca is Flow Traders U.S. LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026. Sources and dates\n Dealers: Form N-CEN, the year to Sep 30, 2025, accession 0002071691-25-007880.\n Where to next\n DABS fund page ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid How the IQ Liquidity Score is built Compare DABS with another fund The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, DABS trading: cost, capacity, premium and dealers, data as of Dec 3, 2025. https://etfiq.com/funds/dabs/trading/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, DABS trading: cost, capacity, premium and dealers, data as of Dec 3, 2025. https://etfiq.com/funds/dabs/trading/ APA ETFIQ. (Dec 3, 2025). DABS trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/dabs/trading/ Markdown [DABS trading: cost, capacity, premium and dealers (ETFIQ, Dec 3, 2025)](https://etfiq.com/funds/dabs/trading/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, DABS trading: cost, capacity, premium and dealers, data as of Dec 3, 2025. https://etfiq.com/funds/dabs/trading/"}