DoubleLine Emerging Markets Local Currency Bond Fund Class N (DLELX)

Fund Assets	537.79M
Expense Ratio	1.15%
Min. Investment	$2,000
Turnover	46.00%
Dividend (ttm)	0.48
Dividend Yield	4.97%
Dividend Growth	100.96%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 30, 2026

Previous Close	9.72
YTD Return	4.08%
1-Year Return	9.36%
5-Year Return	18.64%
52-Week Low	9.29
52-Week High	9.98
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.

• Fund Family: DoubleLine
• Category: Emerging-Markets Local-Currency Bond
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DLELX
• Share Class: Class N
• Index: Index is not available on Lipper Database

Performance

DLELX had a total return of 9.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.09%.

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	0.90%
DLWIX	I2	0.97%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 30, 2026	$0.13441	Jun 30, 2026
Mar 31, 2026	$0.09705	Mar 31, 2026
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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 8, 2026

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