DoubleLine Emerging Markets Fixed Income Fund (DLENX)

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DoubleLine Emerging Markets Fixed Income Fund (DLENX) is a highly ranked bond mutual fund. It provide high yield for income.

DoubleLine Emerging Markets Fixed Income Fund utilizes its assets to purchase bonds of at least four emerging market countries. It may invest in defaulted corporate securities, and hybrid securities relating to emerging market countries. This fund is managed by Luz M. Padilla. The current dividend yield is 4.94%. Its expense fee is 1.15% per year.

DLENX Fund Profile

    DoubleLine Emerging Markets Fixed Income Fund (DLENX)
  • Fund Inception Date: 04/06/2010
  • Ticker Symbol: DLENX
  • CUSIP: 258620608
  • Beta (3yr): 0.72
  • Rank in category (YTD): 14%
  • Category: Emerging Markets Bond
  • Distribution Yield: 4.94%
  • Capital Gains: -
  • Expense Ratio: 1.15%
  • Net Assets: $ 963 million
  • Number of Years Up: 3 years
  • Number of Years Down: 1 year
  • Annual Turnover Rate: 63%

Fund Performance

Morningstar has ranked this debt mutual fund with 5 stars rating. In 2015, the year-to-date return is 2.24% (up to August 17, 2015). It has returned 2.74% over the past 3 years, and 5.33% over the past 5 years. The past 4 years performance is as follows:
  • Year 2014: 6.33%
  • Year 2013: -2.77%
  • Year 2012: 13.50%
  • Year 2011: 4.26%
You can buy this DoubleLine Emerging Markets Fixed Income Fund from 64 brokerages. Some of the brokerages are Northwestern Mutual Investment Service, LLC, Ameriprise Brokerage, JP Morgan NTF, etc. The minimum initial investment is $2,000 for regular broker and $500 for individual retirement account (IRA).

Top 5 holdings are Colombia Rep 4.375%, Guanay Fin 6%, Utd O/S Bk 3.75%, Oversea-Chinese Bkg Corp FRN, and Cnooc Fin 2015 Australia Pty 0.22%. Top 3 bond sectors are corporate bond (86%), government (11%), and asset backed (1.71%).

Investment Risks

Investing in this bond fund involve risks. Some of the investment risks are interest-rate risk, currency-exchange-rate, economic, political risks, default risk, etc.

Pros:
  • DoubleLine Emerging Markets Fixed Income Fund has achieved great returns for the past 5 years.
  • It has a high yield for income.
Cons:
  • None

Fund Information

The fund objective is to provide total returns that will be derived from current income and capital gains. This fund will invest in sovereign bonds, corporate bonds, local currency bonds, distressed debt, convertible bonds and structured finance.

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