DLELX: DoubleLine Emerging Markets Local Currency Bond Fund - MutualFunds.com

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DoubleLine Emerging Markets Local Currency Bond Fund

DLELX - Snapshot

Vitals

  • YTD Return -1.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $9.58 M
  • Holdings in Top 10 43.0%

52 WEEK LOW AND HIGH

$9.82
$8.29
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 6.48%

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) $2,000
  • IRA $500

Fund Classification

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

Compare DLELX to Popular Emerging Markets Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$114.47

+0.32%

$17.15 B

3.99%

$4.55

-0.08%

-

$15.11

+0.07%

$7.35 B

4.14%

$0.62

1.68%

-

$8.37

+0.12%

$6.63 B

4.00%

$0.33

-0.95%

-

$14.81

+0.14%

$6.30 B

4.20%

$0.62

-1.73%

-

$11.37

+0.18%

$4.91 B

4.67%

$0.53

-2.24%

-

DLELX - Profile

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    10202
  • Share Class
    N
  • 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 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.


DLELX - Performance

Return Ranking - Trailing

Period DLELX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -22.8% 93.8% 58.76%
1 Yr -3.7% -14.2% 10.4% 79.49%
3 Yr N/A* -8.3% 8.6% N/A
5 Yr N/A* -2.9% 7.8% N/A
10 Yr N/A* -2.4% 6.7% N/A

* Annualized

Return Ranking - Calendar

Period DLELX Return Category Return Low Category Return High Rank in Category (%)
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
2015 N/A -29.9% 0.9% N/A

Total Return Ranking - Trailing

Period DLELX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -22.8% 93.8% 59.04%
1 Yr -3.7% -14.2% 10.4% 72.75%
3 Yr N/A* -8.3% 8.6% N/A
5 Yr N/A* -2.9% 7.8% N/A
10 Yr N/A* -2.4% 6.4% N/A

* Annualized

Total Return Ranking - Calendar

Period DLELX Return Category Return Low Category Return High Rank in Category (%)
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
2015 N/A -29.9% 7.1% N/A

NAV & Total Return History


DLELX - Holdings

Concentration Analysis

DLELX Category Low Category High DLELX % Rank
Net Assets 9.58 M 626 K 17.2 B 96.98%
Number of Holdings 45 3 1334 93.11%
Net Assets in Top 10 4.1 M -104 M 1.99 B 90.08%
Weighting of Top 10 42.96% 1.0% 100.0% 8.29%

Top 10 Holdings

  1. Poland (Republic of) 3.25% 5.08%
  2. Indonesia (Republic of) 8.38% 4.67%
  3. Malaysia (Government Of) 3.5% 4.57%
  4. Czech (Republic of) 0.45% 4.50%
  5. Indonesia (Republic of) 6.13% 4.42%
  6. Secretaria Tesouro Nacional 4.31%
  7. Russian Federation 6.9% 4.27%
  8. Israel (State Of) 1.75% 4.03%
  9. Philippines (Republic Of) 4.95% 3.91%
  10. Hungary (Republic Of) 3% 3.22%

Asset Allocation

Weighting Return Low Return High DLELX % Rank
Bonds
92.04% 0.00% 217.91% 68.87%
Cash
7.96% -116.30% 103.65% 25.90%
Stocks
0.00% -0.01% 6.23% 41.32%
Preferred Stocks
0.00% 0.00% 0.00% 17.91%
Other
0.00% -7.79% 6.84% 24.24%
Convertible Bonds
0.00% 0.00% 14.93% 66.67%

DLELX - Expenses

Operational Fees

DLELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 6.48% 0.01% 33.09% 1.15%
Management Fee 0.75% 0.00% 1.50% 62.36%
12b-1 Fee 0.25% 0.00% 1.00% 21.97%
Administrative Fee N/A 0.01% 0.65% N/A

Sales Fees

DLELX 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

DLELX 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.

DLELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 312.50% N/A

DLELX - Distributions

Dividend Yield Analysis

DLELX Category Low Category High DLELX % Rank
Dividend Yield 0.00% 0.00% 26.95% 23.35%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DLELX Category Low Category High DLELX % Rank
Net Income Ratio 3.19% -0.61% 9.08% 95.76%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DLELX - Fund Manager Analysis

Managers

Mark Christensen


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.35

1.4%

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

1.35

1.4%

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

1.35

1.4%

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

1.35

1.4%

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
0.07 25.85 5.43 4.53
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