Fund Evaluator:
DoubleLine Global Bond I2 (DLGIX)
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Best Performing in Global Bond Over the Last Year
| 6.8% | Invesco International Bond Y (OIBYX) |
| 5.5% | Destinations Global Fixed Income Opps Z (DGFZX) |
| 3.7% | Invesco Global Strategic Income Y (OSIYX) |
| 2.7% | Amana Participation Investor (AMAPX) |
| 2.6% | DoubleLine Global Bond N (DLGBX) |
Fund Details
DoubleLine Global Bond I2 Overview
DoubleLine Global Bond I2 (DLGIX) is an actively managed Taxable Bond Global Bond fund. DoubleLine launched the fund in 2025.
The investment seeks long-term total return. The fund normally invests primarily in debt obligations issued by governments and governmental agencies, authorities or instrumentalities, located anywhere in the world. The advisor expects to invest significantly in obligations of members of the G-20, an organization of governments composed of 20 of the major economies in the world, including developed markets and emerging market economies. Under normal market conditions, the fund will generally invest in securities that provide exposure to at least three different countries, not including the United States. The fund is non-diversified.
About DoubleLine Global Bond I2 (DLGIX)
There are 3 members of the management team with an average tenure of 10.22 years: William Campbell (2016), Valerie Ho (2016), Jeffrey Gundlach (2015). 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 FTSE WGBI USD index with a weighting of 100%. DoubleLine Global Bond I2 has 69 securities in its portfolio. The top 10 holdings constitute 36.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
DoubleLine Global Bond I2 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. DoubleLine Global Bond I2 has 58.4% 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 96.1% (37.7% domestic bond, 58.4% foreign bond and 0.0% convertible bond). DoubleLine Global Bond I2 has 3.9% of the portfolio in cash.
Assets Under Management
The fund has $97 million in total assets, which is below the $422 million average for the Global 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.
DLGIX 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 Global Bond I2 expense ratio is above average compared to funds in the Global Bond category. DoubleLine Global Bond I2 has an expense ratio of 0.77%, which is 20% lower than its category average, making the fund expense ratio grade a B. 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 Global Bond I2 has a portfolio turnover rate of 45%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 152% for the Global Bond category.
Recently, in the month of July 2026, DoubleLine Global Bond I2 returned -0.6%, which earned it a grade of C, as the Global Bond category had an average return of -0.3%. 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 Global Bond I2 has a trailing yield of 0.00%, which is below the 4.17% category average. The fund normally distributes its income quarterly.
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 Global Bond I2 Grades
Year to date, the fund has returned -0.8%, 0.5 percentage points worse than the category, which translates into a grade of C. The fund has returned 2.8% over the past year (grade of C), 2.7% over the past three years (grade of D) and -2.5% per year over the past five years (grade of F) and -1.0% per year over the past 10 years (grade of F).
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DLGIX 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 |
|
| DLGIX Return (NAV) | -0.6% | -0.9% | 2.8% | 2.7% | -2.5% | -1.0% |
| DLGIX Grade | C | D | C | D | F | F |
| +/- Category | -0.2% | -0.6% | -0.1% | -1.1% | -1.8% | -1.9% |
| Global Bond Avg | -0.3% | -0.2% | 2.9% | 3.8% | -0.7% | 0.9% |
| DLGIX Tax Cost Ratio | na | na | na | na | na | na |
DLGIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DLGIX Return (NAV) | -0.8% | 10.1% | -3.6% | 4.4% | -16.2% | -7.8% | 4.8% | 4.0% | -2.1% | 8.2% | -0.6% |
| DLGIX Grade | C | B | F | F | C | F | D | F | C | C | F |
| +/- Category | -0.5% | 0.7% | -2.6% | -2.2% | -2.3% | -3.3% | -3.0% | -3.2% | 0.0% | 0.3% | -4.3% |
| Global Bond Avg | -0.2% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.7% |
| Risk Measures | |
| Standard Deviation: | 7.0% |
| Total Risk Index: | 0.57 - Below Average |
| Category Risk Index: | 1.02 - Average |
| Category Risk Grade: | C (43% Rank) |
| Beta: | 1.10 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | -- |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $248 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 45% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.6 years | |||
| Average Tenure: 10.2 years | |||
| Managers (Year): Gundlach Jeffrey (2015), Campbell William (2016), Ho Valerie (2016) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 69 |
| % in Top 10 Holdings: | 36.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 58.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 37.7% |
| Foreign Bond: | 58.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.9% |
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 (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | DoubleLine Global Bond I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
