P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
SHORT
TERM
INVESTMENTS
109.8%
243,789
Goldman
Sachs
plc
-
USD
Treasury
Liquid
Reserves
Fund
3.50%
(a)(b)
243,789
243,789
JPMorgan
Liquidity
Funds
-
JPM
USD
Treasury
CNAV
Fund
3.47%
(a)(b)
243,789
1,335,382
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
3.59%
(a)
1,335,382
4,400,000
U.S.
Treasury
Bills
0.00%
(b)
07/21/2026
4,391,208
2,400,000
U.S.
Treasury
Bills
0.00%
08/04/2026
2,391,830
1,000,000
U.S.
Treasury
Bills
0.00%
08/06/2026
996,390
3,500,000
U.S.
Treasury
Bills
0.00%
09/01/2026
3,478,106
4,500,000
U.S.
Treasury
Bills
0.00%
(b)
09/08/2026
4,468,375
18,000,000
U.S.
Treasury
Bills
0.00%
10/13/2026
17,806,690
3,900,000
U.S.
Treasury
Bills
0.00%
(b)
10/20/2026
3,854,651
Total
Short
Term
Investments
(Cost
$39,214,365)
39,210,210
Total
Investments
109.8%
(Cost
$39,214,365)
39,210,210
Liabilities
in
Excess
of
Other
Assets
(9.8)%
(3,490,355)
NET
ASSETS
100.0%
$35,719,855
(a)
Seven-day
yield
as
of
period
end.
(b)
All
or
a
portion
of
this
security
is
owned
by
DoubleLine
Commodity
ETF
Ltd.,
which
is
a
wholly-owned
subsidiary
of
the
DoubleLine
Commodity
Strategy
ETF.
Excess
Return
Swaps
Reference
Entity
Counterparty
Long/Short
Financing
Rate
Payment
Frequency
Termination
Date
Notional
Amount
Value
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation
(Depreciation)
Barclays
Backwardation
Tilt
Multi-Strategy
Index
(1)(2)
Barclays
Bank
Plc
Long
0.25%
At
Maturity
07/08/2026
$
1,500,000
$
(103,399)
$
—
$
(103,399)
Barclays
Backwardation
Tilt
Multi-Strategy
Index
(1)(2)
Barclays
Bank
Plc
Long
0.25%
At
Maturity
07/08/2026
37,600,000
(3,382,832)
—
(3,382,832)
$(3,486,231)
$—
$(3,486,231)
(1)
All
or
a
portion
of
this
security
is
owned
by
DoubleLine
Commodity
ETF
Ltd.,
which
is
a
wholly-owned
subsidiary
of
the
DoubleLine
Commodity
Strategy
ETF.
(2)
Barclays
Backwardation
Tilt
Multi-Strategy
Index
(the
"Barclays
Index")
seeks
to
capture
two
sources
of
potential
outperformance
in
commodity
futures
markets.
The
first
source
of
potential
outperformance
comes
through
selecting,
for
each
relevant
commodity,
the
eligible
futures
contract
that
is
expected
to
offer
the
best
outperformance
relative
to
the
front-month
contract
rolling
exposure
used
by
the
Bloomberg
Commodity
Index.
This
is
achieved
through
the
use
of
certain
futures
contract
selection
methodologies
referred
to
together
as
“Multi-Strategy.”
These
Multi-Strategy
methodologies
select
a
futures
contract
for
each
commodity
that
may
differ
from
the
futures
contract
selected
by
the
Bloomberg
Commodity
Index,
based
on
the
factors
described
above
including
carry,
seasonality
and
momentum.
The
second
source
of
potential
outperformance
comes
through
overweighting
(relative
to
the
weightings
in
the
Bloomberg
Commodity
Index)
the
exposure
of
the
Barclays
Index
to
the
futures
contracts
of
commodities
that
exhibit
the
highest
degree
of
backwardation
in
the
term
structures
of
their
futures
contracts,
while
simultaneously
underweighting
the
exposure
to
the
futures
contracts
of
commodities
that
exhibit
a
lower
degree
of
backwardation.
Historically,
the
commodities
with
a
higher
degree
of
backwardation
have
generally
had
better
historical
average
performance
than
the
commodities
with
a
lower
degree
of
backwardation.
Information
on
the
index
constituents
as
of
period
end,
is
available
on
the
Barclays
Capital,
Inc.
website
at
https://indices.cib.barclays/IM/12/en/indices/details.app;ticker=BXCS1496.