Morningstar

DoubleLine Emerging Markets Local Currency Bond Fund Class N DLELX

Morningstar Medalist Rating
Medalist Rating as of | See DoubleLine Investment Hub
  • NAV / 1-Day Return 9.59  /  +0.21 %
  • Total Assets 528.9M
  • Adj. Expense Ratio
    1.160%
  • Expense Ratio 1.150%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Emerging-Markets Local-Currency Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 5.07%
  • Effective Duration 4.94 years

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DLELX

Will DLELX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DLELX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DLELX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DLELX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

DoubleLine Em Mkts Lcl Ccy Bd N holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings DLELX

More DLELX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 39.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Secretaria Do Tesouro Nacional 10%

4.76 24M
Government

South Africa (Republic of) 8.5%

4.73 24M
Government

Secretaria Do Tesouro Nacional 10%

4.38 23M
Government

South Africa (Republic of) 8.875%

4.34 22M
Government

South Africa (Republic of) 10.875%

4.34 22M
Government

Mexico (United Mexican States) 7.75%

4.27 22M
Government

Hungary (Republic Of) 7%

3.62 19M
Government

Mexico (United Mexican States) 8%

3.60 18M
Government

International Finance Corp. 7.5%

3.59 18M
Government

Mexico (United Mexican States) 7.5%

3.43 18M
Government

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