DBELX: DoubleLine Emerging Markets Local Currency Bond Fund

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DBELX DoubleLine Emerging Markets Local Currency Bond Fund


Profile

DBELX - Profile

Vitals

  • YTD Return -8.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $9.03 M
  • Holdings in Top 10 40.7%

52 WEEK LOW AND HIGH

$9.16
$8.30
$10.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $5,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Distributions

  • YTD Total Return -8.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    DoubleLine Emerging Markets Local Currency Bond Fund
  • Fund Family Name
    DoubleLine
  • Inception Date
    Jun 28, 2019
  • Shares Outstanding
    1002331
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Christensen

Fund Description

The Advisor intends to invest principally in bonds of issuers in emerging market countries denominated in local (non-U.S.) currencies. Under normal circumstances, the Advisor expects to invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds of issuers in emerging market countries denominated in the currencies of emerging market countries. It is non-diversified.


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Categories

Fund Company Quick Screens

DBELX - Fund Company Quick Screens


Performance

DBELX - Performance

Return Ranking - Trailing

Period DBELX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -13.6% 15.8% 32.31%
1 Yr N/A -10.5% 13.0% N/A
3 Yr N/A* -7.3% 1.8% N/A
5 Yr N/A* -5.8% 3.8% N/A
10 Yr N/A* -5.6% 0.1% N/A

* Annualized

Return Ranking - Calendar

Period DBELX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.2% 11.3% N/A
2018 N/A -15.2% 5.3% N/A
2017 N/A -10.9% 18.9% N/A
2016 N/A -10.1% 12.2% N/A
2015 N/A -21.0% 6.8% N/A

Total Return Ranking - Trailing

Period DBELX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -13.6% 15.8% 32.31%
1 Yr N/A -10.5% 13.0% N/A
3 Yr N/A* -7.3% 1.8% N/A
5 Yr N/A* -5.8% 3.8% N/A
10 Yr N/A* -5.6% 0.1% N/A

* Annualized

Total Return Ranking - Calendar

Period DBELX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.2% 11.3% N/A
2018 N/A -15.2% 5.3% N/A
2017 N/A -10.9% 18.9% N/A
2016 N/A -10.1% 12.2% N/A
2015 N/A -21.0% 6.8% N/A

NAV & Total Return History


Holdings

DBELX - Holdings

Concentration Analysis

DBELX Category Low Category High DBELX % Rank
Net Assets 9.03 M 835 K 1.62 B 92.31%
Number of Holdings 44 5 1205 72.31%
Net Assets in Top 10 3.68 M 0 513 M 81.54%
Weighting of Top 10 40.67% 13.0% 83.6% 26.79%

Top 10 Holdings

  1. Secretaria Tesouro Nacional 4.66%
  2. Indonesia (Republic of) 8.38% 4.65%
  3. Czech (Republic of) 0.45% 4.38%
  4. Indonesia (Republic of) 6.13% 4.33%
  5. Israel (State Of) 1.75% 4.17%
  6. Malaysia (Government Of) 3.5% 4.06%
  7. Poland (Republic of) 3.25% 4.06%
  8. Philippines (Republic Of) 4.95% 3.94%
  9. Hungary (Republic Of) 3% 3.28%
  10. The Republic of Peru 5.4% 3.14%

Asset Allocation

Weighting Return Low Return High DBELX % Rank
Bonds
85.37% 0.00% 107.93% 56.92%
Cash
14.63% -8.50% 100.00% 46.15%
Stocks
0.00% 0.00% 0.37% 40.00%
Preferred Stocks
0.00% 0.00% 0.00% 24.62%
Other
0.00% 0.00% 9.87% 40.00%
Convertible Bonds
0.00% 0.00% 0.61% 40.00%

Expenses

DBELX - Expenses

Operational Fees

DBELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.81% 4.82% N/A
Management Fee 0.75% 0.65% 1.10% 33.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

DBELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DBELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DBELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 136.00% N/A

Distributions

DBELX - Distributions

Dividend Yield Analysis

DBELX Category Low Category High DBELX % Rank
Dividend Yield 0.63% 0.00% 1.80% 29.23%

Dividend Distribution Analysis

DBELX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Monthly Monthly Monthly

Net Income Ratio Analysis

DBELX Category Low Category High DBELX % Rank
Net Income Ratio N/A -0.88% 6.66% N/A

Capital Gain Distribution Analysis

DBELX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DBELX - Fund Manager Analysis

Managers

Mark Christensen


Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.84

0.8%

Mr. Christensen joined DoubleLine Capital LP in 2009 as a Portfolio Manager, Co-Portfolio Manager, Senior Credit Analyst and Head of Emerging Markets Corporate Research. As part of his research responsibilities, he covers corporate credits in the following sectors: telecommunications, media, aerospace, banking, pulp & paper, chemical, petroleum refining, infrastructure, gaming and retail. Prior to DoubleLine, he was a Managing Director associated with TCW since 1991, where he had been involved in building and managing TCW emerging markets fixed income business, including trading, marketing, and credit research, and portfolio management. Mr. Christensen graduated from Brigham Young University with a BS in Business Management with an emphasis in International Finance.

Su Koo


Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.84

0.8%

Ms. Koo joined DoubleLine in 2009 as Portfolio Manager and Senior Credit Analyst. As part of her research responsibilities, she specializes in the analysis of corporate credits in the sectors of oil & gas, utilities, metals & mining, conglomerates, technology, transportation, and real estate. Prior to DoubleLine, she was a Senior Vice President associated with TCW since 1998. In addition to credit analysis, she was involved in marketing and since 2006 performed increasing portfolio management duties. Previously, Ms. Koo was an Assistant Treasurer at Société Générale involved in Corporate Finance. Prior to that, she was an Assistant Vice President with Bank of America in the Financial Institution Group. Ms. Koo holds a BS in Business Administration from the University of Houston and an MBA in Finance from the University of Southern California.

Valerie Ho


Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.84

0.8%

Ms. Ho joined DoubleLine in 2009 as an Emerging Markets sovereign analyst. She covers Latin America and Emerging Asia excluding China. She holds a BS in Mathematics/Economics, and a Specialization in Computer Programming from University of California at Los Angeles. She is a CFA charterholder.

William Campbell


Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.84

0.8%

Mr. Campbell joined DoubleLine in 2013 as an Emerging Markets sovereign analyst. He covers Developed Markets, Central & Eastern Europe, Middle East and Africa (CEEMEA), and China. Prior to joining DoubleLine, Mr. Campbell worked for Peridiem Global Investors as a Global Fixed Income Research Analyst and Portfolio Manager beginning in March 2011. Mr. Campbell received his BS in Business Economics and International Business, as well as his BA in English, from Pennsylvania State University. He received his MA in Mathematics, with a focus on Mathematical Finance, from Boston University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 14.98 5.52 6.01