DoubleLine Emerging Markets Local Currency Bond Fund (DBELX)
The investment seeks high total return from current income and capital appreciation. 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.
Fund Info
| ISIN | US2586205823 |
|---|---|
| Issuer | DoubleLine |
| Inception Date | Jun 27, 2019 |
| Category | Emerging Markets Bonds |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
DBELX has a high expense ratio of 0.90%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DoubleLine Emerging Markets Local Currency Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DoubleLine Emerging Markets Local Currency Bond Fund had a return of -3.82% year-to-date (YTD) and 2.21% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.82% | 6.17% |
| 1 month | -1.50% | -2.72% |
| 6 months | 3.00% | 17.29% |
| 1 year | 2.21% | 23.80% |
| 5 years (annualized) | N/A | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.77% | -0.34% | -0.14% | -2.65% | ||||||||
| 2023 | -0.24% | 4.90% | 3.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DBELX is 17, indicating that it is in the bottom 17% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DoubleLine Emerging Markets Local Currency Bond Fund(DBELX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DoubleLine Emerging Markets Local Currency Bond Fund granted a 3.52% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.18 | $0.16 | $0.18 | $0.12 | $0.11 |
Dividend yield | 3.52% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Emerging Markets Local Currency Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.06 | $0.00 | $0.00 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the DoubleLine Emerging Markets Local Currency Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DoubleLine Emerging Markets Local Currency Bond Fund was 21.95%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current DoubleLine Emerging Markets Local Currency Bond Fund drawdown is 9.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.95% | Dec 18, 2020 | 465 | Oct 24, 2022 | — | — | — |
| -17% | Jan 3, 2020 | 55 | Mar 23, 2020 | 176 | Dec 1, 2020 | 231 |
| -4.55% | Jul 19, 2019 | 30 | Aug 29, 2019 | 86 | Jan 2, 2020 | 116 |
| -0.3% | Jul 5, 2019 | 3 | Jul 9, 2019 | 1 | Jul 10, 2019 | 4 |
| -0.2% | Jul 16, 2019 | 1 | Jul 16, 2019 | 2 | Jul 18, 2019 | 3 |
Volatility
Volatility Chart
The current DoubleLine Emerging Markets Local Currency Bond Fund volatility is 2.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.