DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX)

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The chart shows the growth of an initial investment of $10,000 in DoubleLine Emerging Markets Fixed Income Fund Class N, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) has returned -1.03% so far this year and 4.35% over the past 12 months. Over the last ten years, DLENX has returned 3.78% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 6, 2010, DLENX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, your investment would double in approximately 16.5 years.

Historically, 66% of months were positive and 34% 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%.

DoubleLine Emerging Markets Fixed Income Fund Class N has an annualized alpha of 3.12%, beta of 0.07, and R² of 0.09 versus S&P 500 Index. Calculated based on daily prices since April 07, 2010.

• This fund participated in 39.13% of S&P 500 Index downside but only 30.97% 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.

DLENX has a high expense ratio of 1.18%, indicating above-average management fees.

DLENX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) and compare them to a chosen benchmark (S&P 500 Index).

DoubleLine Emerging Markets Fixed Income Fund Class N provided a 4.88% dividend yield over the last twelve months, with an annual payout of $0.44 per share.

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.

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.

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.

The current DoubleLine Emerging Markets Fixed Income Fund Class N drawdown is 1.83%.

The chart below shows the rolling one-month volatility.