DLENX Fees and Costs — DoubleLine Emerging Markets Fixed Income Fund, Class N
Data updated: 2026-08-21
The net expense ratio is 1.17%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 46%.
DLENX Fees and Expenses
Annual operating expenses and sales charges of DLENX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.17% |
| Fee waiver | — |
| Net expense ratio | 1.17% |
| 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 | No |
| Waived fees subject to recoupment | No |
DLENX Costs Over Time
On $10,000 invested in DLENX, assuming 5% a year before costs, total costs come to $729 over 5 years, cutting the return by 1.23% 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 1.17%) | $123 | $383 | $662 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $402 | $729 |
| Value after costs | $10,377 | $11,175 | $12,033 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
DLENX 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): $367.3M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
DLENX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH INC. | $39.3M | 15.38% |
| JEFFERIES LLC | $37.1M | 14.50% |
| MORGAN STANLEY & CO. LLC | $36.3M | 14.20% |
| J.P. MORGAN SECURITIES LLC | $29.9M | 11.68% |
| GOLDMAN SACHS & CO. LLC | $29.5M | 11.53% |
| BARCLAYS CAPITAL INC. | $20.1M | 7.85% |
| CITIGROUP GLOBAL MARKETS INC. | $20.0M | 7.82% |
| HSBC SECURITIES (USA) INC. | $19.8M | 7.74% |
| TD SECURITIES (USA) LLC | $12.6M | 4.91% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $11.2M | 4.38% |
DoubleLine Emerging Markets Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DBLEX | Class I | 0.91% | none |
| DLEIX | Class I2 | 0.95% | none |
| DLENX | Class N | 1.17% | 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.