DoubleLine Emerging Markets Local Currency Bond Fund Class N (DLELX)
| Fund Assets | 395.28M |
| Expense Ratio | 1.16% |
| Min. Investment | $2,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.00% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 9.93 |
| YTD Return | 3.86% |
| 1-Year Return | 22.43% |
| 5-Year Return | 13.42% |
| 52-Week Low | 8.13 |
| 52-Week High | 9.95 |
| Beta (5Y) | n/a |
| Holdings | 59 |
| Inception Date | Jun 28, 2019 |
About DLELX
DoubleLine Emerging Markets Local Currency Bond Fund Class N is a mutual fund focused on providing investors access to the dynamic fixed-income markets of developing countries. The fund primarily invests in bonds issued by governmental and corporate entities within emerging market economies, with securities denominated in their respective local (non-U.S.) currencies. This approach aims to capture both traditional bond yields and potential currency appreciation. The portfolio is actively managed, seeking opportunities across diverse regions such as Latin America, Eastern Europe, Africa, the Middle East, and Asia. Notable fund characteristics include exposure to multiple local currencies and credit qualities, which add an additional layer of diversification and risk relative to traditional U.S. dollar-denominated bonds. Managed by an experienced team, the fund plays a strategic role in offering diversification benefits and access to the economic growth potential inherent in emerging markets within a broader fixed-income allocation. It is benchmarked against the JPMorgan GBI-EM Global Diversified Index and is structured to maintain a significant allocation—more than 65%—to local-currency bonds from emerging markets.
Performance
DLELX had a total return of 22.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.62%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| DBELX | Class I | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.13522 | Dec 31, 2025 |
| Sep 30, 2025 | $0.11708 | Sep 30, 2025 |
| Jun 30, 2025 | $0.11094 | Jun 30, 2025 |
| Mar 31, 2025 | $0.03484 | Mar 31, 2025 |
| Sep 30, 2024 | $0.09494 | Sep 30, 2024 |
| Jun 28, 2024 | $0.08164 | Jun 28, 2024 |