DoubleLine Low Duration Emerging Markets Fixed Income Fund Class N
DELNX
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ROIC.AI
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- DoubleLine Low Duration Emerging Markets Fixed Income Fund Class N (DELNX) is an open-end mutual fund that seeks long-term total return, with a focus on capital preservation and current income, by investing primarily in low-duration debt obligations issued by sovereign, quasi-sovereign, and private (non-government) emerging market issuers; corporate bonds; government bonds; and government-related securities, typically with maturities of less than three years. The fund emphasizes fixed income instruments from emerging markets worldwide, including top holdings such as Chile Electricity PEC S.p.A., BBVA Mexico SA, DBS Group Holdings Ltd., Banco de Bogota SA, and AI Candelaria Spain S.A., with a portfolio allocation of approximately 89% to corporate bonds, 6% to government bonds, 5% to government-related bonds, and minimal cash exposure. Managed by DoubleLine Capital LP since its launch on April 7, 2014, the fund is domiciled in the United States, available for sale to U.S. investors with a minimum initial investment of $2,000, a net expense ratio of 0.84%, and total net assets of around $129 million as of recent data; it benchmarks performance against the JP Morgan Corporate EMBI Broad Diversified 1-3 Years Index. Portfolio managers include Luz Padilla, Mark Christensen, and Su Koo, all since inception, employing a value-oriented approach with rigorous credit analysis, bottom-up research, and active risk management to target mid-credit quality and limited interest-rate sensitivity within the emerging markets bond category. Recent operational highlights include a portfolio turnover ratio of 53% and assets under management growing modestly to $135 million as of mid-2025, reflecting ongoing adjustments amid volatile emerging market conditions, though no major acquisitions, funding rounds, partnerships, or product launches specific to DELNX were reported in the last 1-2 years.