DLELX Fees and Costs — DoubleLine Emerging Markets Local Currency Bond Fund, Class N
Data updated: 2026-08-21
The net expense ratio is 1.15%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.25% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 46%.
DLELX Fees and Expenses
Annual operating expenses and sales charges of DLELX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DLELX Costs Over Time
On $10,000 invested in DLELX, assuming 5% a year before costs, total costs come to $717 over 5 years, cutting the return by 1.21% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.15%) | $121 | $376 | $651 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $717 |
| Value after costs | $10,379 | $11,181 | $12,046 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
DLELX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $661.3M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
DLELX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $112.8M | 19.02% |
| J.P. MORGAN SECURITIES LLC | $107.2M | 18.07% |
| MERRILL LYNCH INC. | $78.5M | 13.22% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $59.4M | 10.01% |
| HSBC SECURITIES (USA) INC. | $58.5M | 9.85% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $53.8M | 9.07% |
| CITIGROUP GLOBAL MARKETS INC. | $36.4M | 6.13% |
| ING FINANCIAL MARKETS LLC | $31.9M | 5.38% |
| LARRAINVIAL SECURITIES US LLC | $30.1M | 5.08% |
| SCOTIA CAPITAL (USA) INC. | $24.7M | 4.16% |
DoubleLine Emerging Markets Local Currency Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DBELX | Class I | 0.90% | none |
| DLWIX | Class I2 | 0.97% | none |
| DLELX | Class N | 1.15% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.