EM debt's had a good run, and the yields and spread don't really inspire a lot of optimism for the near future. I'd be at least a little cautious jumping in with new $ right now.
Just fyi, those who own PIMIX/PONDX already have ~ 15% in EM, overweighted in Latin America.
When I've had $ in pure EM vehicles, it's been in DLENX and/or PCY. PDIIX at Pimco is more diversified, but usually has a decent slug of EM in among global and high-yield FI; its benchmarks are US$-hedged.
One other caution it's probably worth being aware of: it's pretty typical for pure EM debt funds to be overweight oil and gas, which in the EM world are typically referred to as "quasi-sovereign" because many are national corporations. If you don't want a lot of commodity/cyclical exposure, I'd take a good look at holdings.

@willmatt72 We don't know your desire for inclusion of EM bonds in your portfolio and apparently Ted knows about your current holdings........I do not.
Not unlike other investment areas, EM bonds have their days in the SUN and days in the SHADE, eh?
Relative to the below charting link, which is total returns, therefore includes reinvestment in a given fund of all distributions for the time period.
The OMG with a frown side: If one purchased any of these funds in Jan., 2014 and checked the return through, Jan., 2015 would = a frown of flat return. The same frown with a Jan., 2015 through Jan., 2016 holding period.
The OMG with a yipee side: A purchase in Jan., 2016 or Nov., 2016 through June 13, 2017. Although the November election would have given pause to those who had purchased in Jan., 2016.
The below chart is referenced to some of the mentioned funds in this thread: PREMX , FNMIX , GSDIX , DLENX with a time frame of Janury, 2014 through June 13, 2017.
http://stockcharts.com/freecharts/perf.php?FNMIX,PREMX,GSDIX,DLENX&n=863&O=011000
For those who use some technical views, the current 14 day RSI (relative strength index) is at 70 for all funds, EXCEPT DLENX , which is at 87. Any reading above 70 is considered moving into or at an "over or fully priced" area. NOTE: an above 70 indicator can persist for any given term, dependent upon the nature of the investment sector.
We held FNMIX for about a 2 year period, 2010-2012. We're fully invested in other sectors, and would not have EM bonds on our purchase list at this time. I recall that FNMIX was down only 18% during the market melt period for the 2008 year. But, that was then; and is history, relative to what would happen today.
Back to work I must be.....
Catch

Hmmm... I own in my 401k. Should I sell? Normally I do, but hoping Blackrock grooming someone...

FYI: One of BlackRock Inc's longest-serving mutual fund managers, who is responsible for tens of billions of dollars in investors' money, is stepping down.
Dennis Stattman, who has run what is now BlackRock's largest mutual fund for more than 28 years, will retire from his role at the BlackRock Global Allocation Fund in August, according to an internal memo on Tuesday.
Regards,
Ted
http://www.fa-mag.com/news/one-of-blackrock-s-longest-serving-mutual-fund-managers-to-retire-33226.html?print
M* Snapshot MDLOX:
http://www.morningstar.com/funds/XNAS/MDLOX/quote.html
Lipper Snapshot MDLOX:
http://www.marketwatch.com/investing/fund/mdlox
MDLOX Is Ranked #13 In The (WA) Fund Category By U.S. News & World Report:
http://money.usnews.com/funds/mutual-funds/world-allocation/blackrock-global-allocation-fund/mdlox

FYI: Large investors, whose high exposure to large-cap technology stocks boosted their returns during the first quarter of the year, are doubling down on their investments even as stocks like Apple Inc (AAPL.O) and Facebook Inc (FB.O) stumble.
Fund managers such as T Rowe Price and Federated Investors, who were already overweight the sector, said they were buying beaten-down so-called 'FANG' stocks – Facebook, Amazon.com Inc (AMZN.O), Netflix Inc (NFLX.O) and Google-parent Alphabet Inc (GOOGL.O) - during a two-day selloff that marked the largest tech sector decline in nearly a year.
Regards,
Ted
http://www.reuters.com/article/us-usa-tech-investors-idUSKBN1942E3

Permit me just an initial reaction, without really looking further. DoubleLine has been around only since, when? ... 2009? They already have a fair-to-middling EM Bond fund, run by Luz Padilla. (DLENX, 5 years +5.09%, 39th percentile.) Compare PREMX +6.01/12th percentile. FNMIX +6.3 and 7th percentile. I think a short-term EM bond fund is not a thing that would interest me. In DLENX, you already have 108% turnover. PREMX = 60%. FNMIX =82%. And with a low-duration EM bond fund (DELNX), what ARE you investing in, then, when the "standard" DoubleLine EM bond fund already carries 108% turnover. How long is anything being held in DELNX? A week? Morningstar shows 60% turnover, but this is within a professed short-duration universe. So, my reaction is negative just based on common sense. Others will surely disagree. ... Yes, PRSNX is NOT a purely dedicated EM bond fund. Latest numbers at Morningstar show 41.64% of holdings are USA. The rest is REALLY spread-out, starting with Serbia, and ending with Japan, among the top 10 countries. India, Mexico, Malaysia and Brazil are surely EM, besides Serbia.
EM bonds are especially appealing with higher-grade domestic stuff just not paying much. PRSNX pays me only about .03 cents/month, but it's something of a counterweight to my all-in bet with PREMX. They're not designed to be quite the same thing, so they don't DO quite the same thing. ... Compare the disgustingly low rates of return on Savings Bonds. I looked at Canada sav. bonds, too. It's pathetic. Canada now offers TAX-FREE savings accounts. The returns are less than 1%. So a global or foreign or EM bond fund makes sense. Otherwise, you're treading water. No way to invest... Just don't go whole-hog. By the way, David Snowball featured PRSNX as a "Morningstar orphan" recently:
http://www.mutualfundobserver.com/2017/02/t-rowe-price-global-multi-sector-bond-prsnx/

Surely. Particularly with domestic bonds still not far above ZIRP territory. I sold my DLFNX. It had stalled, by my observation, for too long. I split the proceeds between PREMX (EM bonds) and PRSNX (Global bonds, multi-asset.) FNMIX might be a hair better than PREMX over the long haul. But I'm just about married to TRP. I bought PREMX at $13.26 and I wonder if we will ever see that again. Anyhow, that was in July of 2010. Since then, the monthly dividends have been delicious and reliable, like clockwork. At the beginning, it was .07 cents/month. It's still over .06 cents/month. It's a risky category, but the fund manager has proven to be savvy. PREMX is 14% of portfolio. PRSNX is 10.76%. I still hold a bunch of domestic bonds in MAPOX and PRWCX, both "balanced" funds.

http://funds-newsletter.com/june17-newsletter/june17.htm
New Model Portfolios Beginning July, 2017
By Tom Madell
The recommendations contained in these latest Portfolios are based on my up-to-date analysis of stock and bond fund prospects. Note, however, when subsequently calculating returns on how these Portfolios have performed, I will use a July 1, 2017 starting date.

From the Reuters article cited in the column:
"FINRA responded with a letter on June 15 of last year saying that it closely oversees firms 'to determine whether they present a heightened risk to investors.'”
Oh we're not a regulator enforcer, we're a regulation monitor. Those 48 brokerage firms? There's a problem.

@MJG: Interesting comments - especially in light of the current Administration. Your remarks reminded me of the cover story in National Geographic's June edition which I'd just finished reading: "Why We Lie - The Science Behind Our Deceptive Ways" http://www.nationalgeographic.com/magazine/2017/06/lying-hoax-false-fibs-science/
(BTW: guilty as charged on my part.)
Best Wishes

FYI: This is your must read column of the day: Via Reuters, Wall Street’s self-regulator blocks public scrutiny of firms with tainted brokers.
FINRA oversees about 3,800 brokerages and 630,000 brokers. If you want to understand why “self-regulation” does not work, this is it:
Regards,
Ted
http://ritholtz.com/2017/06/reuters-finra-hopelessly-conflicted/

FYI: The market has delivered a shot across the bow for growth stocks in recent days. Whether it's the beginning of a true correction for the stocks that have driven this current rally is anyone's guess. At the very least, it provides an opportunity to think about risk.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=811884

My local library in NC provides a free variation of Morningstar premium with a" Performance" tab. Yearly AUM going back 10 years is listed in the chart that comes up. Works for me. You may have it free via your library also. You might want to check this out.

I have M* Premium (free via T. Rowe Price) and the AUM data is definitely not available in the Performance tab, or anywhere else for that matter that I can find. I see there is a "customize" option in the chart you mention, but don't see AUM as an option.

@fundly, I'm not sure how you see it because I don't see it on the internet pages BUT I did find net assets for the last 10 years on the .pdf report for a fund. The pdf report is also a Premium feature but thanks for your persistence that drove me to keep looking.

My local library in NC provides a free variation of Morningstar premium with a" Performance" tab. Yearly AUM going back 10 years is listed in the chart that comes up. Works for me. You may have it free via your library also. You might want to check this out.

Not so fast. While it could be a one time "blip" in 2015, that the US life expectancy for men and women did in fact decline for the first time. If it holds up and the decline continues, the probable reasons are...
. obesity epidemic
. opioid epidemic
. economic decline of the middle class, especially since 2008
. suicide
. increases in Alzheimer's disease, respiratory disease, kidney disease and diabetes. Some of which may be attributed to the obesity epidemic.
Did you know that obesity with respect to women in the US, has shot up over 40%? And in case you think I'm "fat shaming", I too am struggling with my BMI now over 25. Of course, losing an inch and half in height over the last twenty years, doesn't help the number. (Taking calcium supplement with vitamin D3.)
Anyway, I was only grasping at a financial laugh. Enjoy your RMD!
Life expectancy in the US declines in 2015
Obesity rate for women

Could not agree more. I am biased but I can't think of anything more important than being thin as we get older. Excess weight causes a host of problems too numerous to detail here. And by being thin I also mean no pot belly. I have read that regardless of weight, a pot belly can be a real killer.
Edit. As pertains to the topic of RMD my biggest financial mistake was no Roth. My annual living expenses increases some 60% this year because of the taxes on my RMD.

Thanks Ted,
Here a few more options:
7-ways-to-reduce-your-required-minimum-distributions-in-retirement

FYI: “The reason that ‘guru’ is such a popular word is because ‘charlatan’ is so hard to spell.” – William Bernstein
Regards,
Ted
http://awealthofcommonsense.com/2017/06/bulls-bears-charlatans/

I don't have any index funds. I still don't understand the hype. I understand the lower expenses are nice, but that is about it. Portfolios of index funds seem rather lackluster to me. I should add that I am talking more about the lazy type portfolios, as well as the simple Boglehead type portfolios. Picking a correct ratio of indices is the tough part, and I don't think the answer is always in multiples of 10. If it makes it easier to sleep, then that is well worth it then.

I assume some​ MFO posters are old enough to remember this cover of Time Magazine:

When did we stop admiring real heroes and start admiring guys like Paul Singer who "doesn't give a ______ what you think?"