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The DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) has marked its 10-year anniversary. The fund seeks to invest in emerging markets fixed income securities with a U.S. dollar-weighted average effective duration of three years or less. As of June 30, 2024, the Fund had a duration of 2.03 years.
Key performance highlights:
- 10-year annualized total return: 2.46% (I shares)
- Benchmark (J.P. Morgan CEMBI Broad Diversified Maturity 1-3 Year Index) return: 3.13%
- Sharpe ratio: 0.26 vs. 0.39 for the benchmark
- Average investment-grade composition: 77.1% vs. 61.3% for the benchmark
The Fund is managed by a 15-member team led by Portfolio Managers Luz Padilla, Mark Christensen, and Su Fei Koo, who have 29 years of experience investing in emerging markets credit.
