DoubleLine Emerging Markets Local Currency Bond Fund
- DBELX
- Price as of: Feb 26, 2021
-
$9.73
N/A N/A
- Primary Theme
- Emerging Markets Bond
- Fund Company
- DoubleLine
- Share Class
DBELX - Snapshot
Vitals
- YTD Return -4.5%
- 3 Yr Annualized Return N/A
- 5 Yr Annualized Return N/A
- Net Assets $10.2 M
- Holdings in Top 10 42.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 6.23%
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 Theme
Emerging Markets Bond
- Fund Type Open End Mutual Fund
- Investment Style Emerging-Markets Local-Currency Bond
DBELX - Profile
Distributions
- YTD Total Return -4.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.45%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameDoubleLine Emerging Markets Local Currency Bond Fund
-
Fund Family NameDoubleLine
-
Inception DateJun 28, 2019
-
Shares Outstanding1013633
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMark 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 intends 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.
DBELX - Performance
Return Ranking - Trailing
Period | DBELX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.5% | -12.7% | 0.8% | 80.06% |
1 Yr | 2.0% | -12.5% | 14.5% | 72.24% |
3 Yr | N/A* | -6.2% | 10.1% | N/A |
5 Yr | N/A* | -2.9% | 10.3% | N/A |
10 Yr | N/A* | -1.1% | 7.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | DBELX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 1.3% | -20.2% | 99.4% | 42.41% |
2019 | N/A | -9.9% | 13.5% | N/A |
2018 | N/A | -31.2% | 73.9% | N/A |
2017 | N/A | -9.1% | 14.2% | N/A |
2016 | N/A | -9.2% | 219.0% | N/A |
Total Return Ranking - Trailing
Period | DBELX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.5% | -12.7% | 0.8% | 80.06% |
1 Yr | 2.0% | -13.3% | 14.5% | 60.06% |
3 Yr | N/A* | -6.2% | 10.1% | N/A |
5 Yr | N/A* | -2.9% | 10.3% | N/A |
10 Yr | N/A* | -1.1% | 7.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DBELX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 1.3% | -20.2% | 99.4% | 42.41% |
2019 | N/A | -9.9% | 13.6% | N/A |
2018 | N/A | -31.2% | 0.0% | N/A |
2017 | N/A | 0.0% | 17.0% | N/A |
2016 | N/A | -9.2% | 242.1% | N/A |
NAV & Total Return History
DBELX - Holdings
Concentration Analysis
DBELX | Category Low | Category High | DBELX % Rank | |
---|---|---|---|---|
Net Assets | 10.2 M | 599 K | 18.7 B | 95.58% |
Number of Holdings | 44 | 3 | 1377 | 93.63% |
Net Assets in Top 10 | 4.28 M | -102 M | 1.42 B | 90.03% |
Weighting of Top 10 | 41.97% | 0.6% | 100.0% | 8.86% |
Top 10 Holdings
- Indonesia (Republic Of) 8.38% 5.02%
- Poland (Republic Of) 3.25% 5.00%
- Indonesia (Republic Of) 6.13% 4.58%
- Secretaria Tesouro Nacl 4.56%
- Czech (Republic Of) 0.45% 4.51%
- Malaysia (Government Of) 3.5% 4.42%
- Russian Federation 6.9% 4.29%
- Israel (State Of) 1.75% 4.01%
- Philippines (Republic Of) 4.95% 3.68%
- Russian Federation 7.65% 3.45%
Asset Allocation
Weighting | Return Low | Return High | DBELX % Rank | |
---|---|---|---|---|
Bonds | 91.90% | 0.05% | 133.86% | 72.02% |
Cash | 8.10% | -35.63% | 105.74% | 21.61% |
Stocks | 0.00% | -0.05% | 7.24% | 31.86% |
Preferred Stocks | 0.00% | 0.00% | 0.01% | 1.66% |
Other | 0.00% | -5.83% | 2.37% | 11.36% |
Convertible Bonds | 0.00% | 0.00% | 11.82% | 57.89% |
DBELX - Expenses
Operational Fees
DBELX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 6.23% | 0.03% | 40.50% | 1.69% |
Management Fee | 0.75% | 0.00% | 1.50% | 61.98% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.65% | N/A |
Sales Fees
DBELX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DBELX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.50% | 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% | 302.00% | N/A |
DBELX - Distributions
Dividend Yield Analysis
DBELX | Category Low | Category High | DBELX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.35% | 10.47% |
Dividend Distribution Analysis
DBELX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
DBELX | Category Low | Category High | DBELX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.45% | -0.61% | 10.00% | 91.64% |
Capital Gain Distribution Analysis
DBELX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
DBELX - Fund Manager Analysis
Managers
Mark Christensen
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.6
1.6%
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
1.6
1.6%
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
1.6
1.6%
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
1.6
1.6%
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 |
---|---|---|---|
0.08 | 26.11 | 5.6 | 4.78 |