Fund Evaluator:
DoubleLine Low Dur Emerg Mkts Fxd Inc I (DBLLX)
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Best Performing in Emerging Markets Bond Over the Last Year
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Fund Details
DoubleLine Low Dur Emerg Mkts Fxd Inc I Overview
DoubleLine Low Dur Emerg Mkts Fxd Inc I (DBLLX) is an actively managed Taxable Bond Emerging Markets Bond fund. DoubleLine launched the fund in 2014.
The investment seeks long term total return. The fund normally invests primarily in debt obligations issued by sovereign, quasi-sovereign and private (non-government) emerging market issuers. Sovereign and quasi-sovereign emerging market issuers include governments of emerging market countries, and governmental entities or agencies, and issuers that are owned, in whole or in part, or whose obligations are guaranteed, in whole or in part, by a government or governmental entity or agency of an emerging market country.
About DoubleLine Low Dur Emerg Mkts Fxd Inc I (DBLLX)
There are 3 members of the management team with an average tenure of 8.32 years: Mark Christensen (2014), Su Koo (2014), William Campbell (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and Bloomberg US Aggregate 1-3 Yr TR USD index with a weighting of 100%. DoubleLine Low Dur Emerg Mkts Fxd Inc I has 89 securities in its portfolio. The top 10 holdings constitute 22.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
DoubleLine Low Dur Emerg Mkts Fxd Inc I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. DoubleLine Low Dur Emerg Mkts Fxd Inc I has 94.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.5% (3.7% domestic bond, 94.8% foreign bond and 0.0% convertible bond). DoubleLine Low Dur Emerg Mkts Fxd Inc I has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $115 million in total assets, which is below the $325 million average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DBLLX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DoubleLine Low Dur Emerg Mkts Fxd Inc I expense ratio is average compared to funds in the Emerging Markets Bond category. DoubleLine Low Dur Emerg Mkts Fxd Inc I has an expense ratio of 0.59%, which is 42% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DoubleLine Low Dur Emerg Mkts Fxd Inc I has a portfolio turnover rate of 58%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 83% for the Emerging Markets Bond category.
Recently, in the month of July 2026, DoubleLine Low Dur Emerg Mkts Fxd Inc I returned 0.1%, which earned it a grade of A, as the Emerging Markets Bond category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
DoubleLine Low Dur Emerg Mkts Fxd Inc I has a trailing yield of 5.02%, which is below the 5.99% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DoubleLine Low Dur Emerg Mkts Fxd Inc I Grades
Year to date, the fund has returned 1.3%, 1.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.0% over the past year (grade of F), 6.6% over the past three years (grade of F) and 3.4% per year over the past five years (grade of B) and 3.3% per year over the past 10 years (grade of D).
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DBLLX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DBLLX Return (NAV) | 0.1% | 0.3% | 4.0% | 6.6% | 3.4% | 3.3% |
| DBLLX Grade | A | D | F | F | B | D |
| +/- Category | 0.9% | -0.3% | -5.0% | -2.5% | 0.6% | -0.3% |
| Emerging Markets Bond Avg | -0.9% | 0.6% | 9.0% | 9.1% | 2.8% | 3.6% |
| DBLLX Tax Cost Ratio | na | na | 2.0% | 1.9% | 1.6% | 1.4% |
DBLLX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DBLLX Return (NAV) | 1.3% | 7.9% | 7.2% | 7.0% | -5.0% | -0.2% | 3.5% | 7.7% | -0.0% | 4.2% | 7.0% |
| DBLLX Grade | F | F | B | F | A | A | F | F | A | F | F |
| +/- Category | -1.2% | -6.0% | 0.8% | -4.6% | 9.8% | 2.7% | -2.0% | -5.4% | 5.4% | -7.0% | -4.8% |
| Emerging Markets Bond Avg | 2.5% | 13.8% | 6.4% | 11.6% | -14.9% | -2.9% | 5.5% | 13.1% | -5.4% | 11.2% | 11.9% |
| Risk Measures | |
| Standard Deviation: | 2.1% |
| Total Risk Index: | 0.17 - Low |
| Category Risk Index: | 0.33 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.31 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 5.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $119 Mil |
| Fund Total Assets: | $ 115 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 58% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 12.3 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Christensen Mark (2014), Koo Su (2014), Campbell William (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 89 |
| % in Top 10 Holdings: | 22.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 3.7% |
| Foreign Bond: | 94.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | DoubleLine |
| Phone Number: | 877-354-6311 |
| Website: | www.doublelinefunds.com |
| Status: | Open |
| Inception Date: | April 7, 2014 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $5,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.59% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | DoubleLine Low Dur Emerg Mkts Fxd Inc I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
