- ISIN
- US2586206086
- CUSIP
- 258620608
- Issuer
- DoubleLine
- Inception Date
- Apr 6, 2010
- Category
- Emerging Markets Bonds
- Min. Investment
- $2,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DLENX Performance Chart
DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) is up 1.7% since the beginning of the year. DLENX is currently trading at $9 per share. Investors who bought $1,000 worth of DLENX shares 5 years ago would now be looking at an investment worth $1,093.
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Returns By Period
DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) has returned 1.72% so far this year and 5.99% over the past 12 months. Over the last ten years, DLENX has returned 3.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
DoubleLine Emerging Markets Fixed Income Fund Class N
- 1D
- 0.11%
- 1M
- 1.23%
- YTD
- 1.72%
- 6M
- 1.73%
- 1Y
- 5.99%
- 3Y*
- 7.83%
- 5Y*
- 1.79%
- 10Y*
- 3.60%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DLENX Monthly Returns History
Based on dividend-adjusted daily data since Apr 6, 2010, DLENX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2022 with a return of +7.7%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DLENX closed higher 45% of trading days. The best single day was Mar 26, 2020 with a return of +2.7%, while the worst single day was Mar 18, 2020 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 0.03% | -1.63% | 1.85% | 0.12% | 0.67% | 1.72% | ||||||
| 2025 | 1.10% | 1.32% | 0.11% | -0.45% | 0.85% | 1.23% | 0.98% | 1.32% | 1.28% | -0.05% | -0.18% | 0.33% | 8.11% |
| 2024 | 1.31% | 0.95% | 1.11% | -1.13% | 1.35% | 1.07% | 1.48% | 1.68% | 1.09% | -1.22% | 0.44% | -0.43% | 7.92% |
| 2023 | 3.48% | -2.80% | 0.94% | 1.07% | -0.42% | 1.16% | 1.27% | -0.73% | -1.62% | -1.70% | 4.83% | 3.81% | 9.36% |
| 2022 | -3.18% | -2.19% | -0.95% | -5.35% | 0.71% | -5.49% | 3.20% | -1.98% | -7.52% | -1.54% | 7.73% | 0.78% | -15.50% |
| 2021 | 0.19% | 0.63% | -0.80% | 0.60% | 0.34% | 1.45% | -0.16% | 1.23% | -1.67% | 0.21% | -1.13% | 0.88% | 1.71% |
Benchmark Metrics
DoubleLine Emerging Markets Fixed Income Fund Class N has an annualized alpha of 3.17%, beta of 0.07, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since April 06, 2010.
- This fund participated in 38.97% of S&P 500 Index downside but only 30.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.09 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.09 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.17%
- Beta
- 0.07
- R²
- 0.09
- Upside Capture
- 30.14%
- Downside Capture
- 38.97%
Expense Ratio
DLENX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DLENX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DLENX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.37 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.78 | +0.57 |
| Martin ratioReturn relative to average drawdown | 13.35 | 12.44 | +0.91 |
Dividends
Dividend History
DoubleLine Emerging Markets Fixed Income Fund Class N provided a 5.29% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.49 | $0.51 | $0.46 | $0.38 | $0.39 | $0.44 | $0.48 | $0.36 | $0.44 | $0.44 | $0.46 |
Dividend yield | 5.29% | 5.33% | 5.71% | 5.29% | 4.49% | 3.74% | 4.11% | 4.49% | 3.57% | 4.07% | 4.29% | 4.94% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Emerging Markets Fixed Income Fund Class N. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.04 | $0.04 | $0.07 | $0.00 | $0.21 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.49 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2023 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.38 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DoubleLine Emerging Markets Fixed Income Fund Class N. 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 Fixed Income Fund Class N was 25.64%, occurring on Oct 21, 2022. Recovery took 587 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -25.64%Oct 2022 | 1y 1mo | 2y 4mo | 3y 5moSep 2021 - Feb 2025 |
COVID crash2020 | -21.28%Mar 2020 | 28d | 8mo 16d | 9mo 14dFeb 2020 - Dec 2020 |
2016 correction2016 | -11.07%Feb 2016 | 1y 5mo | 4mo 12d | 1y 9moSep 2014 - Jun 2016 |
2013 pullback2013 | -9.16%Sep 2013 | 3mo 28d | 7mo 1d | 10mo 29dMay 2013 - Apr 2014 |
2011 pullback2011 | -7.64%Oct 2011 | 2mo 1d | 4mo 5d | 6mo 6dAug 2011 - Feb 2012 |
Drawdown Indicators
| DLENX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.64% | -56.78% | +31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.83% | -9.10% | +7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -18.90% | +14.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -25.43% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -25.64% | -33.92% | +8.28% |
Current DrawdownCurrent decline from peak | -0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -10.71% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 2.03% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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