Fund Evaluator:
DoubleLine Emerging Markets Fixed Inc I2 (DLEIX)
Follow This Fund
Best Performing in Emerging Markets Bond Over the Last Year
| 17.2% | American Beacon DevelopingWldIncFd-InvCl (AGEPX) |
| 14.6% | Artisan Emerging Markets Debt Opp Inv (APFOX) |
| 10.8% | TCW Emerging Markets Income N (TGINX) |
| 10.7% | Fidelity New Markets Income (FNMIX) |
| 10.7% | Fidelity Advisor New Markets Income Z (FGBMX) |
Fund Details
DoubleLine Emerging Markets Fixed Inc I2 Overview
DoubleLine Emerging Markets Fixed Inc I2 (DLEIX) is an actively managed Taxable Bond Emerging Markets Bond fund. DoubleLine launched the fund in 2025.
The investment seeks high total return from current income and capital appreciation. The advisor intends to invest at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in fixed income instruments. The fund will generally invest in at least four emerging market countries. It may invest in hybrid securities relating to emerging market countries. The fund may invest up to 20% of its net assets in defaulted corporate securities. It may invest in derivatives and other instruments, such as options, swaps (including credit default swaps), futures, structured investments, foreign currency futures and forward contracts.
About DoubleLine Emerging Markets Fixed Inc I2 (DLEIX)
There are 3 members of the management team with an average tenure of 7.22 years: Mark Christensen (2015), Su Koo (2015), 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 JPM EMBI Global Diversified TR USD index with a weighting of 100%. DoubleLine Emerging Markets Fixed Inc I2 has 160 securities in its portfolio. The top 10 holdings constitute 17.4% 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 Emerging Markets Fixed Inc I2 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. DoubleLine Emerging Markets Fixed Inc I2 has 96.3% 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 97.7% (1.4% domestic bond, 96.3% foreign bond and 0.0% convertible bond). DoubleLine Emerging Markets Fixed Inc I2 has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $149 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.
DLEIX 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 Emerging Markets Fixed Inc I2 expense ratio is high compared to funds in the Emerging Markets Bond category. DoubleLine Emerging Markets Fixed Inc I2 has an expense ratio of 0.95%, which is 6% lower than its category average, making the fund expense ratio grade a C. 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 Emerging Markets Fixed Inc I2 has a portfolio turnover rate of 46%, 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 Emerging Markets Fixed Inc I2 returned -0.6%, which earned it a grade of B, 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 Emerging Markets Fixed Inc I2 has a trailing yield of 0.00%, which is below the 5.99% category average. The fund normally distributes its income monthly.
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 Emerging Markets Fixed Inc I2 Grades
Year to date, the fund has returned 1.1%, 1.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.9% over the past year (grade of F), 7.4% over the past three years (grade of D) and 1.8% per year over the past five years (grade of D) and 3.4% per year over the past 10 years (grade of C).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about DoubleLine Emerging Markets Fixed Inc I2, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
DLEIX 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 |
|
| DLEIX Return (NAV) | -0.6% | 0.1% | 3.9% | 7.4% | 1.8% | 3.4% |
| DLEIX Grade | B | F | F | D | D | C |
| +/- Category | 0.3% | -0.6% | -5.2% | -1.6% | -0.9% | -0.2% |
| Emerging Markets Bond Avg | -0.9% | 0.6% | 9.0% | 9.1% | 2.8% | 3.6% |
| DLEIX Tax Cost Ratio | na | na | na | na | na | na |
DLEIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DLEIX Return (NAV) | 1.1% | 8.4% | 8.2% | 9.6% | -15.3% | 2.0% | 4.8% | 11.8% | -3.2% | 8.5% | 15.0% |
| DLEIX Grade | F | F | A | D | C | A | D | D | A | F | A |
| +/- Category | -1.4% | -5.4% | 1.8% | -2.0% | -0.4% | 4.9% | -0.6% | -1.4% | 2.2% | -2.7% | 3.2% |
| 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: | 4.7% |
| Total Risk Index: | 0.38 - Low |
| Category Risk Index: | 0.74 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.70 |
| R-Squared: | 71% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | -- |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $314 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 46% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.7 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Christensen Mark (2015), Koo Su (2015), Campbell William (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 160 |
| % in Top 10 Holdings: | 17.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.4% |
| Foreign Bond: | 96.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.3% |
Purchase Information
| Fund Family: | DoubleLine |
| Phone Number: | 877-354-6311 |
| Website: | www.doublelinefunds.com |
| Status: | Open |
| Inception Date: | October 31, 2025 |
| 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 (%): | 0.95% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | DoubleLine Emerging Markets Fixed Inc I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
