DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
June
30,
2026
(Unaudited)
1
PRINCIPAL
AMOUNT
$
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
a
a
a
a
a
ASSET
BACKED
OBLIGATIONS
-
1.0%
AB
Issuer
LLC
200,000
Series
2026-1A-A2
(a)
..................................................
6.41%
4/30/2056
201,429
Blue
Stream
Communications
LLC
500,000
Series
2023-1A-C
(a)
...................................................
8.90%
5/20/2053
506,273
Compass
Datacenters
LLC
500,000
Series
2024-1A-B
(a)
...................................................
7.00%
2/25/2049
505,410
Jimmy
Johns
LLC
1,087,750
Series
2017-1A-A2II
(a)
.................................................
4.85%
7/30/2047
1,084,582
Sierra
Timeshare
Conduit
Receivables
Funding
LLC
117,069
Series
2023-2A-D
(a)
...................................................
9.72%
4/20/2040
122,190
Upstart
Pass-Through
Trust
1,000,000
Series
2021-ST5-CERT
(a)(b)(c)
............................................
0.00%
7/20/2027
10,435
Willis
Lease
Finance
Corp.
344,329
Series
2021-A-C
(a)
....................................................
7.39%
5/15/2046
339,067
Total
Asset
Backed
Obligations
(Cost
$2,709,575)
2,769,386
BANK
LOANS
-
16.4%
1261229
BC
Ltd.
663,300
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
6.25%,
0.00%
Floor)
.........
9.92%
10/8/2030
644,748
Acrisure
LLC
399,302
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.67%
11/6/2030
362,201
94,761
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
6/21/2032
85,924
ADMI
Corp.
633,750
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.75%,
0.00%
Floor)
.........
9.42%
12/23/2027
597,705
Alera
Group,
Inc.
460,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.50%,
0.00%
Floor)
......
9.18%
5/31/2033
439,109
Applied
Systems,
Inc.
455,000
Senior
Secured
Second
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
......
8.20%
2/23/2032
450,734
Apro
LLC
474,470
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.43%
7/9/2031
475,853
Asurion
LLC
105,981
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
......
9.18%
1/22/2029
105,028
Atlas
OpCo
LLC
30,107
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
6.50%,
0.00%
Floor)
.........
10.30%
10/24/2030
27,097
Aveanna
Healthcare
LLC
935,300
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.87%
9/17/2032
940,346
Bausch
+
Lomb
Corp.
1,131,564
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.42%
1/15/2031
1,135,666
Boxer
Parent
Co.,
Inc.
1,360,000
Senior
Secured
Second
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.75%,
0.00%
Floor)
......
9.42%
7/30/2032
1,170,164
Calcasieu
Pass
Funding
LLC
350,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.95%
4/11/2033
351,435
Cengage
Learning,
Inc.
191,605
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.67%
3/24/2031
189,874
Central
Parent
LLC
197,238
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.95%
7/6/2029
102,416
Clydesdale
Acquisition
Holdings,
Inc.
498,741
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
4/1/2032
480,245
Columbus
McKinnon
Corp./NY
625,172
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
2/3/2033
624,782
Cornerstone
Building
Brands,
Inc.
132,638
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.17%
5/15/2031
68,839
Cotiviti,
Inc.
264,327
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
2.75%,
0.00%
Floor)
.........
6.41%
5/1/2031
242,438
Crown
Finance
US,
Inc.
1,388,820
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.17%
12/2/2031
1,394,229
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
2
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Dayforce
Bidco
LLC
970,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.66%
2/4/2033
887,278
DexKo
Global,
Inc.
417,821
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.16%
10/9/2031
405,884
DG
Investment
Intermediate
Holdings
2,
Inc.
1,430,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.50%,
0.00%
Floor)
......
9.17%
7/29/2033
1,442,513
Directv
Financing
LLC
797,222
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
.........
9.18%
8/2/2029
802,707
Eagle
Parent
Corp.
1,052,118
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
4/2/2029
1,059,746
Edelman
Financial
Engines
Center
LLC
1,465,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.65%
11/28/2031
1,470,838
Eisner
Advisory
Group
LLC
476,640
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
2/28/2031
469,128
Ellucian
Holdings,
Inc.
180,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.75%,
0.00%
Floor)
......
8.42%
11/22/2032
174,279
Fertitta
Entertainment
LLC/NV
482,405
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
1/29/2029
482,458
Flynn
America
LP
328,375
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.28%
7/31/2028
327,554
Gainwell
Acquisition
Corp.
1,393,180
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.80%
10/1/2027
1,374,609
Golden
State
Foods
LLC
384,506
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
12/4/2031
385,607
Groupe
Solmax,
Inc.
309,143
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.75%,
0.00%
Floor)
.........
8.53%
7/24/2028
286,904
Hexion
Holdings
Corp.
493,071
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
3/15/2029
477,663
INEOS
US
Finance
LLC
940,845
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
2/19/2030
868,870
INEOS
US
Petrochem
LLC
254,150
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
8.02%
3/29/2029
224,844
780,125
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.92%
10/7/2031
658,722
ION
Platform
Finance
US,
Inc.
1,022,438
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
9/30/2032
739,989
LBM
Acquisition
LLC
693,200
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.52%
6/6/2031
583,279
Lereta
LLC
113,845
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
.........
9.03%
8/7/2028
107,584
LifePoint
Health,
Inc.
68,778
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.15%
5/19/2031
67,678
460,891
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.42%
5/19/2031
454,630
Mativ
Holdings,
Inc.
665,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.16%
4/4/2033
666,663
MH
Sub
I
LLC
578,327
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.92%
12/31/2031
502,710
Michaels
Cos.,
Inc.
720,000
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.00%,
0.00%
Floor)
.........
8.67%
3/7/2033
717,930
Mitchell
International,
Inc.
985,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
......
8.92%
6/17/2032
909,648
MLN
US
Holdco
LLC
2,685
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
2.00%,
0.00%
Floor)
.........
6.00%
6/20/2030
1,208
Motion
Finco
Sarl
1,094,619
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
11/30/2029
936,354
Natgasoline
LLC
673,145
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.50%,
0.00%
Floor)
.........
9.17%
3/29/2030
674,828
Needle
Holdings
LLC
334
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
9.50%,
0.00%
Floor)
(c)(d)
......
0.00%
4/28/2028
–
Nouryon
Finance
BV
185,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
0.00%
7/31/2031
185,270
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
3
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Numericable
US
LLC
729,978
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
6.88%,
0.00%
Floor)
.........
10.55%
5/15/2031
746,768
OAK-Eagle
Acquireco,
Inc.
700,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
0.00%
3/24/2033
702,513
OEP
Glass
Purchaser
LLC
518,438
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.70%
3/2/2033
518,116
OneDigital
Borrower
LLC
675,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
......
8.92%
7/2/2032
654,750
Ontario
Gaming
GTA
LP
928,331
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
8/1/2030
886,375
PetSmart
LLC
723,750
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
8/18/2032
723,902
Pioneer
Opco,
LLC
170,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.88%
5/16/2033
170,865
Pregis
TopCo
LLC
1,249,188
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
2/1/2029
1,254,203
Pretzel
Parent
T/L
B
1,236,633
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.17%
10/1/2031
1,182,839
Radiology
Partners,
Inc.
1,270,400
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.20%
6/30/2032
1,271,721
RealPage,
Inc.
472,607
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
4/24/2028
445,600
Sabre
GLBL,
Inc.
1,120,352
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
6.00%,
0.00%
Floor)
.........
9.77%
11/15/2029
1,004,956
Sgh2
LLC
779,113
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.20%
8/18/2032
780,086
Staples,
Inc.
171,938
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.75%,
0.00%
Floor)
.........
9.41%
9/10/2029
160,170
StubHub
Holdco
Sub
LLC
347,882
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.75%,
0.00%
Floor)
.........
8.42%
3/15/2030
350,599
Sword
Purchaser
LLC
450,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.66%
4/11/2033
439,700
Team
Health
Holdings,
Inc.
688,067
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.66%
6/30/2028
689,884
Townsquare
Media,
Inc.
784,435
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.00%,
0.00%
Floor)
.........
8.59%
2/19/2030
580,607
Trident
TPI
Holdings,
Inc.
1,272,352
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
9/18/2028
1,223,577
UKG,
Inc.
860,664
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
2.50%,
0.00%
Floor)
.........
6.17%
2/10/2031
812,544
United
Natural
Foods,
Inc.
208,108
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.64%
5/1/2031
210,189
Univision
Communications,
Inc.
223,291
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.28%
1/31/2029
222,105
524,658
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
6/25/2029
524,920
Veritiv
Operating
Co.
760,030
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.70%
11/29/2030
720,254
Vibrantz
Technologies,
Inc.
74,572
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
0.00%
4/30/2030
41,707
124,286
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
0.00%
4/30/2030
18,954
Victra
Holdings
LLC
1,520,436
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
3/29/2029
1,507,132
Voyager
Parent
LLC
1,245,653
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
7/1/2032
1,247,970
Zayo
Group
Holdings,
Inc.
203,807
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
0.50%
3/11/2030
204,011
Total
Bank
Loans
(Cost
$49,041,541)
47,533,225
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
4
PRINCIPAL
AMOUNT
$
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
a
a
a
a
a
COLLATERALIZED
LOAN
OBLIGATIONS
-
14.2%
Allegany
Park
CLO
Ltd.
1,000,000
Series
2019-1A-ERR
(3
mo.
Term
SOFR
+
6.40%,
6.40%
Floor)
(a)
..................
10.08%
1/20/2035
807,632
Atlas
Senior
Loan
Fund
Ltd.
1,700,000
Series
2019-14A-D
(3
mo.
Term
SOFR
+
4.16%,
3.90%
Floor)
(a)
....................
7.84%
7/20/2032
1,705,086
Babson
CLO
Ltd./Cayman
Islands
1,000,000
Series
2019-2A-D1RR
(3
mo.
Term
SOFR
+
2.90%,
2.90%
Floor)
(a)
.................
6.57%
1/15/2038
1,004,601
Bain
Capital
Credit
CLO
Ltd.
4,000,000
Series
2022-5A-DRR
(3
mo.
Term
SOFR
+
2.90%,
2.90%
Floor)
(a)
..................
6.57%
1/24/2037
3,917,852
BlueMountain
CLO
Ltd.
1,000,000
Series
2013-2A-DR
(3
mo.
Term
SOFR
+
3.16%,
0.00%
Floor)
(a)
...................
6.83%
10/22/2030
1,002,591
Canyon
Capital
CLO
Ltd.
1,700,000
Series
2014-1A-CR
(3
mo.
Term
SOFR
+
3.01%,
2.75%
Floor)
(a)
...................
6.68%
1/30/2031
1,704,997
1,000,000
Series
2017-1A-DR
(3
mo.
Term
SOFR
+
3.26%,
3.00%
Floor)
(a)
...................
6.93%
7/15/2030
1,000,050
1,000,000
Series
2017-1A-E
(3
mo.
Term
SOFR
+
6.51%,
0.00%
Floor)
(a)
.....................
10.18%
7/15/2030
1,000,050
1,500,000
Series
2018-1A-E
(3
mo.
Term
SOFR
+
6.01%,
5.75%
Floor)
(a)
.....................
9.68%
7/15/2031
1,500,075
2,250,000
Series
2021-1A-E
(3
mo.
Term
SOFR
+
6.67%,
6.41%
Floor)
(a)
.....................
10.34%
4/15/2034
1,967,236
Dryden
Senior
Loan
Fund
1,500,000
Series
2015-37A-ER
(3
mo.
Term
SOFR
+
5.41%,
5.15%
Floor)
(a)
...................
9.08%
1/15/2031
1,390,536
2,000,000
Series
2015-40A-ER
(3
mo.
Term
SOFR
+
6.01%,
5.75%
Floor)
(a)
...................
9.66%
8/15/2031
1,687,279
500,000
Series
2020-83A-D1R2
(3
mo.
Term
SOFR
+
3.10%,
3.10%
Floor)
(a)
.................
6.74%
4/18/2037
500,000
Goldentree
Loan
Opportunities
Ltd.
1,000,000
Series
2025-27A-D
(3
mo.
Term
SOFR
+
2.60%,
2.60%
Floor)
(a)
....................
6.28%
1/20/2039
997,639
Highbridge
Loan
Management
Ltd.
1,000,000
Series
11A-17-E
(3
mo.
Term
SOFR
+
6.36%,
0.00%
Floor)
(a)
......................
10.01%
5/6/2030
776,817
Katayma
CLO
Ltd.
1,000,000
Series
2024-2A-D
(3
mo.
Term
SOFR
+
4.50%,
4.50%
Floor)
(a)
.....................
8.18%
4/20/2037
1,003,203
LCM
LP
2,500,000
Series
26A-E
(3
mo.
Term
SOFR
+
5.56%,
5.30%
Floor)
(a)
........................
9.24%
1/20/2031
1,333,047
1,000,000
Series
33A-D
(3
mo.
Term
SOFR
+
3.46%,
3.20%
Floor)
(a)
........................
7.14%
7/20/2034
958,927
Madison
Park
Funding
Ltd.
850,000
Series
2014-14A-ER
(3
mo.
Term
SOFR
+
6.06%,
5.80%
Floor)
(a)
...................
9.73%
10/22/2030
791,872
Magnetite
CLO
Ltd.
1,000,000
Series
2019-24A-ER
(3
mo.
Term
SOFR
+
6.40%,
6.40%
Floor)
(a)
...................
10.07%
4/15/2035
997,034
500,000
Series
2022-33A-DR
(3
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
...................
6.68%
10/20/2037
502,434
Octagon
Investment
Partners
Ltd.
1,000,000
Series
2016-1A-FR
(3
mo.
Term
SOFR
+
8.35%,
8.35%
Floor)
(a)
....................
12.02%
7/15/2030
26,958
2,000,000
Series
2017-1A-SUB
(a)(b)(c)(e)
.............................................
0.00%
3/17/2030
3,462
500,000
Series
2025-4A-D
(3
mo.
Term
SOFR
+
2.80%,
2.80%
Floor)
(a)
.....................
6.48%
10/20/2038
502,324
RR
Ltd./Cayman
Islands
500,000
Series
2017-2A-DR
(3
mo.
Term
SOFR
+
6.06%,
5.80%
Floor)
(a)
...................
9.73%
4/15/2036
467,765
Sound
Point
CLO
Ltd.
2,500,000
Series
2019-2A-DR
(3
mo.
Term
SOFR
+
3.56%,
3.30%
Floor)
(a)
...................
7.23%
7/15/2034
2,413,310
2,000,000
Series
2020-1A-DR
(3
mo.
Term
SOFR
+
3.61%,
3.61%
Floor)
(a)
...................
7.29%
7/20/2034
1,932,638
2,000,000
Series
2021-1A-D
(3
mo.
Term
SOFR
+
3.76%,
3.76%
Floor)
(a)
.....................
7.43%
4/25/2034
1,912,004
Trestles
CLO
Ltd.
1,000,000
Series
2018-2A-D1RR
(3
mo.
Term
SOFR
+
2.70%,
2.70%
Floor)
(a)
.................
6.30%
7/15/2039
1,005,498
Venture
CDO
Ltd.
500,000
Series
2017-30A-C
(3
mo.
Term
SOFR
+
2.21%,
0.00%
Floor)
(a)
....................
5.88%
1/15/2031
501,692
Vibrant
CLO
Ltd.
1,000,000
Series
2018-10RA-C1
(3
mo.
Term
SOFR
+
5.00%,
5.00%
Floor)
(a)
..................
8.68%
4/20/2036
1,000,050
500,000
Series
2024-4RA-D1
(3
mo.
Term
SOFR
+
3.75%,
3.75%
Floor)
(a)
...................
7.43%
10/20/2037
489,544
Wind
River
CLO
Ltd.
2,500,000
Series
2014-2A-ER
(3
mo.
Term
SOFR
+
6.01%,
5.75%
Floor)
(a)
....................
9.68%
1/15/2031
2,200,847
1,000,000
Series
2014-3A-DR2
(3
mo.
Term
SOFR
+
3.66%,
3.40%
Floor)
(a)
...................
7.33%
10/22/2031
1,002,812
1,000,000
Series
2021-3A-D1AR
(3
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
..................
6.68%
4/20/2038
1,002,618
Total
Collateralized
Loan
Obligations
(Cost
$44,824,226)
41,010,480
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
5
P
RINCIPAL
A
MOUNT
$
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
a
a
a
a
a
FOREIGN
CORPORATE
BONDS
-
3.0%
200,000
Avianca
Midco
2
PLC
.................................................
9.63%
2/14/2030
198,369
200,000
Azul
Secured
Finance
LLP
(a)
.............................................
9.88%
2/15/2031
191,798
200,000
Azule
Energy
Finance
PLC
(a)
............................................
8.63%
1/22/2033
200,358
200,000
Azule
Energy
Finance
PLC
.............................................
8.63%
1/22/2033
200,358
200,000
Banco
Davivienda
SA
(10
yr.
CMT
Rate
+
5.10%)
(f)
.............................
6.65%
4/22/2031
184,906
200,000
Banco
Davivienda
SA
(5
yr.
CMT
Rate
+
4.59%)
(a)
..............................
8.13%
7/2/2035
207,500
200,000
Banco
Mercantil
del
Norte
SA/Grand
Cayman
(5
yr.
CMT
Rate
+
4.01%)
(a)(f)
............
8.45%
6/24/2036
200,485
200,000
BRF
SA
...........................................................
5.75%
9/21/2050
155,613
300,000
Cosan
Overseas
Ltd.
(f)
.................................................
8.25%
8/5/2026
297,300
400,000
CSN
Resources
SA
...................................................
5.88%
4/8/2032
247,002
202,000
Fideicomiso
Irrevocable
de
Administracion
y
Fuente
de
Pago
Numero
CIB/4323
(2.00%
PIK)
(a)(d)
.......................................................
11.00%
9/12/2030
87,617
149,020
Fideicomiso
PA
Pacifico
Tres
............................................
8.25%
1/15/2035
152,537
200,000
Frontera
Energy
Corp.
(a)
................................................
7.88%
6/21/2028
199,409
200,000
FS
Luxembourg
Sarl
(a)
.................................................
8.63%
6/25/2033
191,576
200,000
FS
Luxembourg
Sarl
(a)
.................................................
8.13%
2/11/2036
181,655
235,000
Garda
World
Security
Corp.
(a)
............................................
8.25%
8/1/2032
240,695
200,000
Geopark
Ltd.
.......................................................
8.75%
1/31/2030
198,502
235,000
Global
Aircraft
Leasing
Co.
Ltd.
(a)
.........................................
8.75%
9/1/2027
239,135
250,000
Grupo
Televisa
SAB
..................................................
5.25%
5/24/2049
171,029
250,000
Indika
Energy
Tbk
PT
.................................................
8.75%
5/7/2029
252,861
200,000
J&F
Luxembourg
Finance
Sarl
(a)
..........................................
8.50%
12/1/2032
199,500
200,000
Mongolian
Mining
Corp.
................................................
8.44%
4/3/2030
204,069
200,000
Motion
Finco
Sarl
(a)
...................................................
8.38%
2/15/2032
169,073
100,000
Ontario
Gaming
GTA
LP/OTG
Co.-Issuer,
Inc.
(a)
...............................
8.00%
8/1/2030
99,156
600,000
Orbia
Advance
Corp.
SAB
de
CV
.........................................
5.50%
1/15/2048
451,115
40,000
Pampa
Energia
SA
(a)
..................................................
7.75%
11/14/2037
40,984
160,000
Pampa
Energia
SA
...................................................
7.75%
11/14/2037
163,936
200,000
Parex
Resources,
Inc.
(a)
................................................
8.50%
5/11/2031
203,300
400,000
Prosus
NV
.........................................................
3.83%
2/8/2051
267,357
200,000
Saavi
Energia
Sarl
(a)
..................................................
8.88%
2/10/2035
219,050
200,000
Saavi
Energia
Sarl
...................................................
8.88%
2/10/2035
219,050
200,000
SierraCol
Energy
Andina
LLC/SierraCol
Energy
Arauca/Colombia
Energy
Development
(a)
..
9.00%
11/14/2030
196,687
250,000
Simpar
Europe
SA
...................................................
5.20%
1/26/2031
209,492
300,000
Telecom
Argentina
SA
(a)
................................................
8.50%
1/20/2036
314,230
44,227
Unigel
Luxembourg
SA
(13.50%
Cash
or
15.00%
PIK)
(a)(d)
........................
13.50%
12/31/2027
2,654
62,116
Unigel
Luxembourg
SA
(13.50%
Cash
or
15.00%
PIK)
(d)
.........................
13.50%
12/31/2027
3,727
53,234
Unigel
Luxembourg
SA
(11.00%
Cash
or
12.00%
PIK)
(a)(d)
........................
11.00%
12/31/2028
1,597
228,919
Unigel
Luxembourg
SA
(11.00%
Cash
or
12.00%
PIK)
(d)
.........................
11.00%
12/31/2028
6,867
299,050
Unigel
Netherlands
Holding
Corp.
BV
(15.00%
Cash
or
15.00%
PIK)
(d)
...............
15.00%
12/31/2044
5,981
400,000
Vamos
Europe
SA
(a)
..................................................
9.20%
1/26/2031
381,480
400,000
Vedanta
Resources
Finance
II
PLC
(a)
.......................................
9.13%
10/15/2032
410,963
240,000
Vista
Energy
Argentina
SAU
(a)
...........................................
8.50%
6/10/2033
256,188
300,000
Volcan
Cia
Minera
SAA
(a)
...............................................
8.50%
10/28/2032
310,935
197,340
Yinson
Bergenia
Production
BV
(a)
.........................................
8.50%
1/31/2045
210,956
Total
Foreign
Corporate
Bonds
(Cost
$8,882,828)
8,547,052
FOREIGN
GOVERNMENT
BONDS,
FOREIGN
AGENCIES
AND
FOREIGN
GOVERNMENT
SPONSORED
CORPORATIONS
-
1.4%
450,000
Brazilian
Government
International
Bond
....................................
4.75%
1/14/2050
333,900
400,000
Chile
Government
International
Bond
......................................
3.10%
1/22/2061
251,320
300,000
Colombia
Government
International
Bond
...................................
5.00%
6/15/2045
240,285
200,000
Comision
Federal
de
Electricidad
.........................................
4.68%
2/9/2051
144,914
350,000
Corp.
Nacional
del
Cobre
de
Chile
........................................
3.15%
1/15/2051
224,733
250,000
Ecopetrol
SA
.......................................................
5.88%
5/28/2045
206,686
250,000
Ecopetrol
SA
.......................................................
5.88%
11/2/2051
200,568
500,000
Mexico
Government
International
Bond
.....................................
3.77%
5/24/2061
301,000
200,000
Mexico
Government
International
Bond
.....................................
3.75%
4/19/2071
115,400
400,000
Morocco
Government
International
Bond
....................................
4.00%
12/15/2050
289,009
200,000
OCP
SA
...........................................................
5.13%
6/23/2051
162,151
300,000
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara
....................
4.00%
6/30/2050
209,037
550,000
Peruvian
Government
International
Bond
....................................
2.78%
12/1/2060
301,620
200,000
Petroleos
del
Peru
SA
.................................................
5.63%
6/19/2047
143,131
550,000
Petroleos
Mexicanos
..................................................
6.38%
1/23/2045
469,238
186,667
Port
Of
Spain
Waterfront
Development
.....................................
7.88%
2/19/2040
195,440
100,000
YPF
SA
(a)
..........................................................
8.25%
1/17/2034
104,754
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
6
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
250,000
YPF
SA
...........................................................
7.00%
12/15/2047
234,461
Total
Foreign
Government
Bonds,
Foreign
Agencies
and
Foreign
Government
Sponsored
Corporations
(Cost
$4,317,342)
4,127,647
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
-
25.9%
1345
Trust
620,000
Series
2025-AOA-D
(1
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
...................
6.63%
6/15/2042
621,938
Acore
Issuer
LLC
1,230,000
Series
2026-FL1-C
(1
mo.
Term
SOFR
+
2.10%,
2.10%
Floor)
(a)
....................
5.74%
8/20/2043
1,233,069
ACREC
Trust
940,000
Series
2021-FL1-D
(1
mo.
Term
SOFR
+
2.76%,
2.65%
Floor)
(a)
....................
6.40%
10/16/2036
941,654
1,110,000
Series
2026-FL4-C
(1
mo.
Term
SOFR
+
2.00%,
2.00%
Floor)
(a)
....................
5.64%
1/18/2043
1,109,407
Arbor
Realty
Trust,
Inc.
1,000,000
Series
2022-FL1-C
(30
day
avg
SOFR
US
+
2.30%,
2.30%
Floor)
(a)
.................
5.89%
1/15/2037
1,002,494
ARDN
Mortgage
Trust
650,000
Series
2025-ARCP-E
(1
mo.
Term
SOFR
+
4.50%,
4.50%
Floor)
(a)
..................
8.13%
6/15/2035
651,865
AREIT
Trust
930,000
Series
2025-CRE10-D
(1
mo.
Term
SOFR
+
2.79%,
2.79%
Floor)
(a)
.................
6.43%
1/17/2030
925,816
BANK
5,843,520
Series
2020-BN26-XF
(a)(g)
...............................................
1.50%
3/15/2063
263,443
2,540,000
Series
2025-BNK51-XD
(a)(e)(g)
............................................
2.34%
12/25/2067
397,048
BANK5
Trust
60,098,766
Series
2023-5YR1-XA
(e)(g)
...............................................
0.46%
4/15/2056
224,529
18,014,884
Series
2023-5YR4-XA
(e)(g)
...............................................
1.26%
12/15/2056
348,777
15,514,000
Series
2025-5YR17-XD
(a)(e)(g)
............................................
2.02%
11/15/2058
1,095,273
707,000
Series
2026-5YR20-D
(a)
................................................
4.50%
2/15/2059
598,317
Barclays
Commercial
Mortgage
Trust
500,000
Series
2025-5C34-D
(a)
.................................................
4.25%
5/15/2058
436,941
617,000
Series
2026-5C41-C
(e)
.................................................
5.99%
5/15/2069
619,489
BDS
Ltd.
1,000,000
Series
2024-FL13-C
(1
mo.
Term
SOFR
+
2.59%,
2.59%
Floor)
(a)
...................
6.23%
9/19/2039
1,002,202
1,000,000
Series
2025-FL14-C
(1
mo.
Term
SOFR
+
1.89%,
1.89%
Floor)
(a)
...................
5.53%
10/17/2042
999,357
1,260,000
Series
2025-FL15-D
(1
mo.
Term
SOFR
+
2.40%,
2.40%
Floor)
(a)
...................
6.04%
3/19/2043
1,262,085
Beast
Mortgage
Trust
1,000,000
Series
2021-1818-G
(1
mo.
Term
SOFR
+
6.11%,
6.25%
Floor)
(a)
...................
9.74%
3/15/2036
33,716
Benchmark
Mortgage
Trust
10,603,549
Series
2018-B1-XA
(e)(g)
.................................................
0.64%
1/15/2051
73,262
1,398,000
Series
2018-B4-D
(a)(e)
..................................................
2.91%
7/15/2051
1,021,440
1,000,000
Series
2024-V10-D
(a)
..................................................
4.50%
9/15/2057
908,873
720,000
Series
2025-V16-D
(a)
..................................................
4.50%
8/15/2058
617,795
823,000
Series
2026-B43-C
(e)
..................................................
6.09%
4/15/2063
822,411
830,000
Series
2026-V20-D
(a)
..................................................
4.50%
2/15/2059
712,425
Blackstone
Mortgage
Trust,
Inc.
111,773
Series
2021-FL4-A
(1
mo.
Term
SOFR
+
1.41%,
1.30%
Floor)
(a)
....................
5.05%
5/15/2038
111,856
BMO
Mortgage
Trust
13,368,000
Series
2025-5C12-XD
(a)(e)(g)
..............................................
2.28%
10/15/2058
1,075,013
1,089,000
Series
2025-C11-D
(a)
..................................................
4.50%
2/15/2058
852,089
355,000
Series
2026-C14-D
(a)
..................................................
4.50%
2/15/2059
268,331
BrightSpire
Capital,
Inc.
1,064,000
Series
2024-FL2-C
(1
mo.
Term
SOFR
+
3.54%,
3.54%
Floor)
(a)
....................
7.18%
8/19/2037
1,063,848
1,250,000
Series
2026-FL3-C
(1
mo.
Term
SOFR
+
2.10%,
2.10%
Floor)
(a)
....................
5.74%
8/19/2043
1,254,593
BSPRT
Co-Issuer
LLC
1,400,000
Series
2023-FL10-AS
(1
mo.
Term
SOFR
+
2.86%,
2.86%
Floor)
(a)
..................
6.48%
9/15/2035
1,402,600
600,000
Series
2025-FL12-D
(1
mo.
Term
SOFR
+
2.70%,
2.70%
Floor)
(a)
...................
6.33%
1/17/2043
602,119
BX
Trust
840,000
Series
2019-OC11-E
(a)(e)
................................................
4.08%
12/9/2041
763,845
459,643
Series
2024-AIRC-C
(1
mo.
Term
SOFR
+
2.59%,
2.59%
Floor)
(a)
...................
6.22%
8/15/2041
462,149
441,000
Series
2025-BCAT-D
(1
mo.
Term
SOFR
+
2.65%,
2.65%
Floor)
(a)
...................
6.28%
8/15/2042
443,785
630,391
Series
2025-LUNR-E
(1
mo.
Term
SOFR
+
3.95%,
3.95%
Floor)
(a)
..................
7.58%
6/15/2040
633,500
906,117
Series
2025-ROIC-E
(1
mo.
Term
SOFR
+
2.94%,
2.94%
Floor)
(a)
...................
6.57%
3/15/2030
907,930
410,000
Series
2026-ALOHA-E
(1
mo.
Term
SOFR
+
2.95%,
2.95%
Floor)
(a)
.................
6.58%
4/15/2043
411,698
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
7
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
615,643
Series
2026-CIP-D
(1
mo.
Term
SOFR
+
2.10%,
2.10%
Floor)
(a)
....................
5.73%
5/15/2038
621,136
620,000
Series
2026-CSMO-D
(1
mo.
Term
SOFR
+
2.45%,
2.45%
Floor)
(a)
..................
6.08%
2/15/2043
627,943
551,557
Series
2026-XL6-E
(1
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
....................
6.63%
3/15/2043
557,574
Citigroup/Deutsche
Bank
Commercial
Mortgage
Trust
12,353,567
Series
2017-CD6-XA
(e)(g)
...............................................
1.01%
11/13/2050
97,357
Commercial
Mortgage
Pass
Through
Certificates
21,958,000
Series
2014-UBS3-XC
(a)(e)(g)
.............................................
1.24%
6/10/2047
602
5,000
Series
2014-UBS4-V
(a)(c)(e)
..............................................
0.00%
8/10/2047
0
12,540,738
Series
2015-CR23-XD
(a)(e)(g)
.............................................
1.12%
5/10/2048
361
5,297,000
Series
2015-CR26-XD
(a)(e)(g)
.............................................
1.59%
10/10/2048
194
CSAIL
Commercial
Mortgage
Trust
88,227
Series
2016-C5-C
(e)
...................................................
4.55%
11/15/2048
86,725
83,269
Series
2016-C6-XA
(e)(g)
.................................................
1.54%
1/15/2049
3
2,000,000
Series
2018-CX12-C
(e)
.................................................
4.88%
8/15/2051
1,884,720
DOLP
Trust
1,000,000
Series
2021-NYC-F
(a)(e)
................................................
3.70%
5/10/2041
835,172
Extended
Stay
America
Trust
580,891
Series
2026-ESH2-E
(1
mo.
Term
SOFR
+
2.90%,
2.90%
Floor)
(a)
..................
6.53%
2/15/2043
588,287
FIVE
Mortgage
Trust
583,000
Series
2023-V1-E
(a)(e)
..................................................
6.56%
2/10/2056
549,053
FS
Rialto
1,199,000
Series
2021-FL3-D
(1
mo.
Term
SOFR
+
2.61%,
2.61%
Floor)
(a)
....................
6.25%
11/16/2036
1,206,645
1,200,000
Series
2024-FL9-D
(1
mo.
Term
SOFR
+
3.94%,
3.94%
Floor)
(a)
....................
7.58%
10/19/2039
1,197,604
1,140,000
Series
2025-FL10-D
(1
mo.
Term
SOFR
+
2.70%,
2.70%
Floor)
(a)
...................
6.33%
8/19/2042
1,143,435
1,370,000
Series
2026-FL11-D
(1
mo.
Term
SOFR
+
2.65%,
2.65%
Floor)
(a)
...................
6.29%
1/19/2044
1,374,225
Granite
Point
Mortgage
Trust,
Inc.
1,000,000
Series
2021-FL4-B
(1
mo.
Term
SOFR
+
2.06%,
1.95%
Floor)
(a)
....................
5.71%
12/15/2036
998,305
Great
Wolf
Trust
1,500,000
Series
2024-WLF2-E
(1
mo.
Term
SOFR
+
3.64%)
(a)
............................
7.26%
5/15/2041
1,497,744
Greystone
Commercial
Real
Estate
Notes
880,000
Series
2025-FL4-C
(1
mo.
Term
SOFR
+
2.89%,
2.89%
Floor)
(a)
....................
6.51%
1/15/2043
896,753
GS
Mortgage
Securities
Corp.
II
734,722
Series
2015-GC28-D
(a)(e)
...............................................
4.57%
2/10/2048
706,078
73,259,389
Series
2018-GS9-XA
(e)(g)
...............................................
0.55%
3/10/2051
369,586
958,000
Series
2019-GC38-D
(a)
.................................................
3.00%
2/10/2052
825,478
INCREF
LLC
1,010,000
Series
2026-FL2-D
(1
mo.
Term
SOFR
+
2.60%,
2.60%
Floor)
(a)
....................
6.27%
12/19/2043
1,013,527
JP
Morgan
Chase
Commercial
Mortgage
Securities
1,153,000
Series
2019-MFP-G
(1
mo.
Term
SOFR
+
4.10%,
4.05%
Floor)
(a)
...................
7.72%
7/15/2036
242,142
1,153,000
Series
2019-MFP-XG
(a)(e)(g)
..............................................
0.50%
7/15/2036
10,973
JPMBB
Commercial
Mortgage
Securities
Trust
8,212,579
Series
2013-C14-XC
(a)(e)(g)
..............................................
0.57%
8/15/2046
20,988
1,647,787
Series
2014-C19-NR
(a)(c)(e)
..............................................
3.75%
4/15/2047
778,746
500,000
Series
2015-C27-D
(a)(e)
.................................................
3.95%
2/15/2048
78,750
11,177,628
Series
2015-C29-XE
(a)(e)(g)
...............................................
0.55%
5/15/2048
148
16,358,000
Series
2015-C32-XD
(a)(e)(g)
..............................................
0.50%
11/15/2048
200
KKR
Industrial
Portfolio
Trust
600,000
Series
2024-1-C
(1
mo.
Term
SOFR
+
2.84%,
2.84%
Floor)
(a)
......................
6.46%
8/15/2041
601,895
KREF
1,000,000
Series
2021-FL2-C
(1
mo.
Term
SOFR
+
2.11%,
2.00%
Floor)
(a)
....................
5.75%
2/15/2039
1,000,650
LoanCore
650,000
Series
2025-CRE8-D
(1
mo.
Term
SOFR
+
2.74%,
2.74%
Floor)
(a)
..................
6.38%
8/17/2042
646,903
LSTAR
Commercial
Mortgage
Trust
1,000,000
Series
2017-5-C
(a)(e)
...................................................
4.83%
3/10/2050
944,484
Lument
Finance
Trust,
Inc.
1,210,000
Series
2025-FL3-D
(1
mo.
Term
SOFR
+
3.60%,
3.60%
Floor)
(a)
....................
7.24%
7/21/2043
1,223,905
MF1
Multifamily
Housing
Mortgage
Loan
Trust
990,000
Series
2021-FL7-C
(1
mo.
Term
SOFR
+
2.16%,
2.05%
Floor)
(a)
....................
5.80%
10/16/2036
990,869
1,000,000
Series
2021-FL7-E
(1
mo.
Term
SOFR
+
2.91%,
2.80%
Floor)
(a)
....................
6.55%
10/16/2036
993,319
1,000,000
Series
2024-FL15-C
(1
mo.
Term
SOFR
+
2.94%,
2.94%
Floor)
(a)
...................
6.58%
8/18/2041
1,003,267
1,240,000
Series
2024-FL16-D
(1
mo.
Term
SOFR
+
3.59%,
3.59%
Floor)
(a)
...................
7.23%
11/18/2039
1,234,534
690,000
Series
2025-FL17-D
(1
mo.
Term
SOFR
+
2.74%,
2.74%
Floor)
(a)
...................
6.38%
2/18/2040
692,754
1,250,000
Series
2025-FL19-C
(1
mo.
Term
SOFR
+
2.84%,
2.84%
Floor)
(a)
...................
6.48%
5/18/2042
1,254,429
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
8
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
1,360,000
Series
2026-FL21-C
(1
mo.
Term
SOFR
+
1.95%,
1.95%
Floor)
(a)
...................
5.59%
2/18/2041
1,363,393
MTN
Commercial
Mortgage
Trust
620,000
Series
2026-LPFX-E
(a)(e)
................................................
6.56%
5/15/2043
625,528
Natixis
Commercial
Mortgage
Securities
Trust
370,000
Series
2019-10K-E
(a)(e)
.................................................
4.27%
5/15/2039
343,937
PFP
III
Ltd.
995,530
Series
2024-11-B
(1
mo.
Term
SOFR
+
2.49%,
2.49%
Floor)
(a)
.....................
6.10%
9/17/2039
998,022
1,250,000
Series
2025-12-C
(1
mo.
Term
SOFR
+
2.54%,
2.54%
Floor)
(a)
.....................
6.18%
12/18/2042
1,256,935
800,000
Series
2026-13-C
(1
mo.
Term
SOFR
+
2.00%,
2.00%
Floor)
(a)
.....................
5.64%
8/18/2043
801,995
1,220,000
Series
2026-14-C
(1
mo.
Term
SOFR
+
1.95%,
1.95%
Floor)
(a)
.....................
5.60%
12/18/2043
1,223,040
Starwood
Property
Trust,
Inc.
1,200,000
Series
2021-FL2-C
(1
mo.
Term
SOFR
+
2.21%,
2.10%
Floor)
(a)
....................
5.85%
4/18/2038
1,201,202
2,500,000
Series
2022-FL3-B
(30
day
avg
SOFR
US
+
1.95%,
1.95%
Floor)
(a)
.................
5.54%
11/15/2038
2,505,722
UBS-Barclays
Commercial
Mortgage
Trust
1,350,000
Series
2013-C5-C
(a)(e)
..................................................
3.84%
3/10/2046
1,259,658
VMC
Finance
LLC
1,230,000
Series
2026-FL6-C
(1
mo.
Term
SOFR
+
2.40%,
2.40%
Floor)
(a)
....................
6.04%
11/19/2043
1,233,068
Wells
Fargo
Commercial
Mortgage
Trust
20,099,681
Series
2015-C28-XF
(a)(e)(g)
...............................................
1.27%
5/15/2048
47,053
1,000,000
Series
2016-LC24-C
(e)
.................................................
4.54%
10/15/2049
943,427
42,810,956
Series
2018-C43-XA
(e)(g)
................................................
0.72%
3/15/2051
376,736
1,569,000
Series
2019-C50-D
(a)
..................................................
3.00%
5/15/2052
1,258,745
1,268,000
Series
2025-5C6-D
(a)
..................................................
4.25%
10/15/2058
1,094,606
1,253,000
Series
2026-5C8-D
(a)
..................................................
4.50%
3/15/2059
1,064,505
WHARF
Trust
630,000
Series
2025-DC-E
(a)(e)
.................................................
7.98%
7/15/2040
638,029
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$86,137,248)
75,210,046
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
-
23.9%
Barclays
PLC
7,924,342
Series
2007-AB1-A5
(h)
.................................................
4.44%
3/25/2037
2,852,280
BCAP
LLC
Trust
458,858
Series
2010-RR6-6A2
(a)(e)
...............................................
4.28%
7/26/2037
197,487
Chase
Mortgage
Finance
Corp.
1,277,116
Series
2007-S1-A7
...................................................
6.00%
2/25/2037
458,551
1,342,649
Series
2007-S3-1A5
..................................................
6.00%
5/25/2037
566,079
Citigroup
Mortgage
Loan
Trust,
Inc.
243,495
Series
2006-8-A4
(-3
x
1
mo.
Term
SOFR
+
19.35%,
0.00%
Floor,
19.66%
Cap)
(a)(i)
.......
9.31%
10/25/2035
155,716
Countrywide
Alternative
Loan
Trust
489,519
Series
2005-85CB-2A5
(1
mo.
Term
SOFR
+
1.21%,
1.10%
Floor,
7.00%
Cap)
.........
4.86%
2/25/2036
375,656
103,379
Series
2005-85CB-2A6
(-4
x
1
mo.
Term
SOFR
+
21.21%,
0.00%
Floor,
21.63%
Cap)
(i)
....
7.84%
2/25/2036
79,988
Countrywide
Home
Loan
Mortgage
Pass
Through
Trust
1,258,923
Series
2007-4-1A35
(-1
x
1
mo.
Term
SOFR
+
6.59%,
0.00%
Floor,
6.70%
Cap)
(g)(i)
.......
2.94%
5/25/2037
176,058
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.
1,569,497
Series
2005-11-7A1
..................................................
6.00%
12/25/2035
742,192
Credit
Suisse
Mortgage
Capital
Certificates
3,068,932
Series
2006-5-3A3
...................................................
6.50%
6/25/2036
442,010
202,813
Series
2006-9-2A1
...................................................
5.50%
11/25/2036
191,051
151,410
Series
2006-9-6A14
..................................................
6.00%
11/25/2036
98,115
Deephaven
Residential
Mortgage
Trust
500,000
Series
2025-INV1-B1
(a)(e)
...............................................
6.68%
11/25/2060
498,252
1,548,000
Series
2025-INV1-B2
(a)(e)
...............................................
7.22%
11/25/2060
1,530,155
Ellington
Financial
Mortgage
Trust
100,000
Series
2025-INV2-B1
(a)(e)
...............................................
7.49%
5/26/2070
100,563
550,000
Series
2025-INV3-B2
(a)(e)
...............................................
7.61%
7/25/2070
541,966
2,704,000
Series
2025-INV4-B1
(a)(e)
...............................................
6.84%
10/25/2070
2,697,369
1,659,000
Series
2025-INV4-B2
(a)(e)
...............................................
7.57%
10/25/2070
1,638,876
500,000
Series
2025-NQM2-B2
(a)(e)
..............................................
7.23%
6/25/2070
492,963
2,500,000
Series
2025-NQM5-B1
(a)(e)
..............................................
6.72%
11/25/2070
2,485,825
2,733,000
Series
2025-NQM5-B2
(a)(e)
..............................................
7.25%
11/25/2070
2,688,777
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
9
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Fannie
Mae
Connecticut
Avenue
Securities
2,996,000
Series
2021-R01-1B2
(30
day
avg
SOFR
US
+
6.00%,
0.00%
Floor)
(a)
...............
9.63%
10/25/2041
3,039,089
3,000,000
Series
2022-R01-1B2
(30
day
avg
SOFR
US
+
6.00%,
0.00%
Floor)
(a)
...............
9.63%
12/25/2041
3,065,176
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
3,000,000
Series
2020-HQA2-B2
(30
day
avg
SOFR
US
+
7.71%,
0.00%
Floor)
(a)
...............
11.34%
3/25/2050
3,580,674
2,000,000
Series
2021-DNA2-B2
(30
day
avg
SOFR
US
+
6.00%,
0.00%
Floor)
(a)
...............
9.63%
8/25/2033
2,467,091
3,000,000
Series
2021-DNA6-B2
(30
day
avg
SOFR
US
+
7.50%,
0.00%
Floor)
(a)
...............
11.13%
10/25/2041
3,056,307
1,200,000
Series
2021-DNA7-M2
(30
day
avg
SOFR
US
+
1.80%,
0.00%
Floor)
(a)
...............
5.43%
11/25/2041
1,202,772
2,000,000
Series
2021-HQA2-B2
(30
day
avg
SOFR
US
+
5.45%,
0.00%
Floor)
(a)
...............
9.08%
12/25/2033
2,437,782
3,000,000
Series
2021-HQA3-B2
(30
day
avg
SOFR
US
+
6.25%,
0.00%
Floor)
(a)
...............
9.88%
9/25/2041
3,031,447
GS
Mortgage-Backed
Securities
Trust
1,321,000
Series
2025-NQM4-B1
(a)(e)
..............................................
6.77%
10/25/2065
1,315,543
584,000
Series
2025-NQM4-B2
(a)(e)
..............................................
7.14%
10/25/2065
578,175
500,000
Series
2025-NQM5-B1
(a)(e)
..............................................
6.74%
7/25/2065
499,152
1,830,000
Series
2025-NQM5-B2
(a)(e)
..............................................
7.20%
7/25/2065
1,805,658
450,000
Series
2025-NQM6-B1
(a)(e)
..............................................
6.60%
2/25/2066
445,188
325,000
Series
2025-NQM6-B2
(a)(e)
..............................................
7.40%
2/25/2066
319,941
Indymac
Index
Mortgage
Loan
Trust
745,299
Series
2005-AR23-6A1
(e)
...............................................
3.63%
11/25/2035
726,532
JP
Morgan
Alternative
Loan
Trust
56,943
Series
2006-S1-2A5
(j)
.................................................
5.50%
2/25/2021
46,787
JP
Morgan
Mortgage
Trust
879,000
Series
2025-VIS3-B1
(a)(e)
...............................................
6.76%
2/25/2066
871,463
602,000
Series
2025-VIS3-B2
(a)(e)
...............................................
7.21%
2/25/2066
588,431
JP
Morgan
Reremic
771,906
Series
2011-1-2A10
(a)(e)
................................................
6.00%
6/26/2037
639,526
Lehman
Mortgage
Trust
130,879
Series
2007-10-1A1
..................................................
6.00%
1/25/2038
127,663
1,144,734
Series
2007-4-1A3
...................................................
5.75%
5/25/2037
521,421
New
Residential
Mortgage
Loan
Trust
1,000,000
Series
2025-NQM6-B1
(a)(e)
..............................................
6.85%
10/25/2065
997,148
920,000
Series
2025-NQM6-B2
(a)(e)
..............................................
6.94%
10/25/2065
892,171
Pretium
Mortgage
Credit
Partners
LLC
700,000
Series
2025-NPL7-A2
(a)(h)
...............................................
8.35%
7/25/2055
701,590
650,000
Series
2025-NPL8-A2
(a)(h)
...............................................
7.99%
8/25/2055
651,314
RALI
Trust
366,887
Series
2005-QS14-3A1
................................................
6.00%
9/25/2035
324,814
938,755
Series
2006-QS7-A3
..................................................
6.00%
6/25/2036
748,738
311,938
Series
2007-QS1-1A1
.................................................
6.00%
1/25/2037
258,665
505,937
Series
2007-QS6-A1
(1
mo.
Term
SOFR
+
0.44%,
0.33%
Floor,
7.00%
Cap)
...........
4.09%
4/25/2037
388,945
535,631
Series
2007-QS6-A102
................................................
5.75%
4/25/2037
443,986
115,255
Series
2007-QS6-A2
(-8
x
1
mo.
Term
SOFR
+
54.63%,
0.00%
Floor,
55.58%
Cap)
(i)
.....
24.23%
4/25/2037
167,489
Residential
Asset
Securitization
Trust
1,643,089
Series
2006-A6-1A12
(-1
x
1
mo.
Term
SOFR
+
6.99%,
0.00%
Floor,
7.10%
Cap)
(g)(i)
.....
3.34%
7/25/2036
164,206
1,624,593
Series
2006-A6-1A9
..................................................
6.00%
7/25/2036
363,044
RFMSI
Trust
335,667
Series
2007-S2-A4
...................................................
6.00%
2/25/2037
267,913
Santander
Mortgage
Asset
Receivable
Trust
1,064,000
Series
2025-NQM5-B2
(a)(e)
..............................................
7.23%
8/25/2065
1,035,414
1,000,000
Series
2025-NQM6-B1
(a)(e)
..............................................
6.82%
11/25/2065
991,653
Structured
Adjustable
Rate
Mortgage
Loan
Trust
193,594
Series
2006-1-2A2
(e)
..................................................
4.55%
2/25/2036
181,680
Velocity
Commercial
Capital
Loan
Trust
344,674
Series
2018-1-M4
(a)
...................................................
5.01%
4/25/2048
322,501
256,243
Series
2018-1-M5
(a)
...................................................
6.26%
4/25/2048
236,988
364,718
Series
2018-1-M6
(a)
...................................................
7.26%
4/25/2048
330,665
Verus
Securitization
Trust
1,411,000
Series
2025-10-B1
(a)(e)
.................................................
6.48%
6/25/2070
1,402,489
625,000
Series
2025-1-B2
(a)(e)
..................................................
7.34%
1/25/2070
628,037
1,241,000
Series
2025-3-B2
(a)(e)
..................................................
7.49%
5/25/2070
1,245,593
212,000
Series
2025-4-B1
(a)(e)
..................................................
7.45%
5/25/2070
213,708
675,000
Series
2025-5-B2
(a)(e)
..................................................
7.31%
6/25/2070
676,026
625,000
Series
2025-7-B2
(a)(e)
..................................................
7.49%
8/25/2070
628,412
1,500,000
Series
2025-8-B2
(a)(e)
..................................................
7.49%
9/25/2070
1,508,594
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
10
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
996,500
Series
2025-9-B2
(a)(e)
..................................................
7.37%
10/27/2070
1,000,192
1,300,000
Series
2026-2-B2
(a)(e)
..................................................
6.87%
2/25/2071
1,274,390
813,000
Series
2026-3-B2
(a)(e)
..................................................
6.81%
3/25/2071
793,736
Washington
Mutual
Alternative
Mortgage
Pass-Through
Certificates
2,849,612
Series
2006-8-A4
(h)
...................................................
4.06%
10/25/2036
998,083
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$79,286,420)
69,213,931
US
CORPORATE
BONDS
-
1.5%
30,000
ADI
Escrow
Issuer
LLC
(a)
...............................................
7.13%
7/15/2034
30,624
250,000
Allied
Universal
Holdco
LLC
(a)
............................................
7.88%
2/15/2031
261,480
45,000
American
Axle
&
Manufacturing,
Inc.
(a)
......................................
7.75%
10/15/2033
44,484
85,000
Anywhere
Real
Estate
Group
LLC
/
Realogy
Co.-Issuer
Corp.
(a)
....................
9.75%
4/15/2030
91,727
20,000
Asurion
LLC/
Asurion
Co.-Issuer,
Inc.
(a)
.....................................
8.00%
12/31/2032
20,167
140,000
Bausch
+
Lomb
Corp.
(a)
................................................
8.38%
10/1/2028
144,025
95,000
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.
(a)
.............................
7.38%
2/1/2036
93,280
35,000
Celanese
US
Holdings
LLC
.............................................
7.38%
2/15/2034
36,185
25,000
Chemours
Co.
(a)
.....................................................
7.88%
3/15/2034
25,144
45,000
Cipher
Compute
LLC
(a)
................................................
7.13%
11/15/2030
46,835
55,000
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
.....................................
7.50%
6/1/2029
55,065
30,000
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
.....................................
7.13%
2/15/2031
31,081
45,000
Columbus
McKinnon
Corp./NY
(a)
..........................................
7.13%
2/1/2033
45,132
25,000
Cornerstone
Building
Brands,
Inc.
(a)
........................................
9.50%
8/15/2029
15,420
100,000
Crescent
Energy
Finance
LLC
(a)
..........................................
7.88%
4/15/2032
101,317
75,000
Dcli
Bidco
LLC
(a)
.....................................................
7.75%
11/15/2029
77,615
60,000
Dealer
Tire
Financial
LLC
(a)
.............................................
10.38%
10/1/2031
59,820
95,000
Dealer
Tire
LLC
/
DT
Issuer
LLC
(a)
.........................................
8.00%
2/1/2028
95,260
86,800
Dexko
Global,
Inc.
(a)
..................................................
7.50%
4/15/2032
71,697
55,000
Directv
Financing
LLC
(a)
................................................
8.88%
2/1/2030
56,045
55,000
Directv
Financing
LLC
/
Directv
Financing
Co.-Obligor,
Inc.
(a)
......................
10.00%
2/15/2031
57,109
60,000
Directv
Financing
LLC
/
Directv
Financing
Co.-Obligor,
Inc.
(a)
......................
9.25%
6/1/2032
61,007
20,000
Discovery
Global
Holdings,
Inc.
..........................................
5.05%
3/15/2042
14,676
45,000
EchoStar
Corp.
......................................................
10.75%
11/30/2029
48,654
115,000
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co.,
Inc.
(a)
................
6.75%
1/15/2030
112,861
30,000
Flash
Compute
LLC
(a)
.................................................
7.25%
12/31/2030
30,884
45,000
Freedom
Mortgage
Holdings
LLC
(a)
........................................
8.38%
4/1/2032
45,807
145,000
Full
House
Resorts,
Inc.
(a)
..............................................
8.25%
2/15/2028
142,100
100,000
Getty
Images,
Inc.
(a)
..................................................
10.50%
11/15/2030
83,460
67,000
Gray
Media,
Inc.
(a)
....................................................
10.50%
7/15/2029
70,763
65,000
Gray
Media,
Inc.
(a)
....................................................
9.63%
7/15/2032
62,792
45,000
Gray
Media,
Inc.
(a)
....................................................
7.25%
8/15/2033
44,350
109,000
Illuminate
Buyer
LLC
/
Illuminate
Holdings
IV,
Inc.
(a)
.............................
9.00%
7/1/2028
109,293
35,000
JetBlue
Airways
Corp.
/
JetBlue
Loyalty
LP
(a)
.................................
9.88%
9/20/2031
31,747
20,000
K
Hovnanian
Enterprises,
Inc.
(a)
..........................................
8.38%
10/1/2033
20,568
30,000
Kohl's
Corp.
(a)
.......................................................
10.00%
6/1/2030
32,468
30,000
LBM
Acquisition
LLC
(a)
.................................................
9.50%
6/15/2031
26,751
35,000
LFS
Topco
LLC
(a)
....................................................
8.75%
7/15/2030
35,184
105,000
LifePoint
Health,
Inc.
(a)
.................................................
10.00%
6/1/2032
104,954
25,000
LifePoint
Health,
Inc.
(a)
.................................................
7.00%
5/1/2034
23,980
55,000
Mativ
Holdings,
Inc.
(a)
.................................................
8.00%
10/1/2029
54,667
50,000
Michaels
Cos.,
Inc.
(a)
..................................................
8.50%
3/15/2033
49,554
90,000
Nabors
Industries,
Inc.
(a)
...............................................
8.88%
8/15/2031
92,465
45,000
Nabors
Industries,
Inc.
(a)
...............................................
7.63%
11/15/2032
46,071
50,000
Nexstar
Media,
Inc.
(a)
..................................................
7.25%
4/15/2034
49,922
50,000
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp.
(a)
.......................
8.38%
2/15/2032
52,075
20,000
OAK-Eagle
Acquireco,
Inc.
(a)
.............................................
8.75%
7/1/2034
21,238
50,000
Par
Petroleum
LLC
(a)
..................................................
7.38%
6/1/2034
50,627
250,000
PetSmart
LLC
/
PetSmart
Finance
Corp.
(a)
...................................
7.50%
9/15/2032
250,234
50,000
Radiology
Partners,
Inc.
(a)
..............................................
8.50%
7/15/2032
52,242
20,000
Sabre
Financial
Borrower
LLC
(a)
..........................................
11.13%
6/15/2029
21,126
14,000
Sabre
GLBL,
Inc.
(a)
...................................................
10.75%
11/15/2029
13,462
25,000
Sabre
GLBL,
Inc.
(a)
...................................................
10.75%
3/15/2030
23,868
45,000
Six
Flags
Entertainment
Corp.
(a)
..........................................
7.25%
5/15/2031
44,763
10,000
Six
Flags
Entertainment
Corp./Canada's
Wonderland
Co./Millennium
Operations
LLC
(a)
...
8.63%
1/15/2032
10,303
50,000
SM
Energy
Co.
(a)
.....................................................
7.00%
8/1/2032
50,494
25,000
Staples,
Inc.
(a)
.......................................................
10.75%
9/1/2029
23,869
50,000
Synergy
Infrastructure
Holdings
LLC
(a)
......................................
7.88%
12/1/2030
52,382
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
11
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
30,000
Synergy
Infrastructure
Holdings
LLC
(a)
......................................
7.00%
7/15/2034
30,447
20,000
Transocean
International
Ltd.
(a)
...........................................
7.88%
10/15/2032
20,889
95,000
Trident
TPI
Holdings,
Inc.
(a)
..............................................
12.75%
12/31/2028
95,241
60,000
UKG,
Inc.
(a)
........................................................
6.88%
2/1/2031
58,328
81,000
United
Natural
Foods,
Inc.
(a)
.............................................
6.75%
10/15/2028
81,061
30,000
Uniti
Group
LP
/
Uniti
Group
Finance
2019,
Inc.
/
CSL
Capital
LLC
(a)
.................
8.63%
6/15/2032
31,322
35,000
Uniti
Services
LLC
(a)
..................................................
7.50%
10/15/2033
36,857
90,000
Univision
Communications,
Inc.
(a)
.........................................
8.50%
7/31/2031
90,458
15,000
Univision
Communications,
Inc.
(a)
.........................................
8.88%
4/15/2033
14,777
75,000
Venture
Global
LNG,
Inc.
(a)
..............................................
8.38%
6/1/2031
78,098
45,000
Veritiv
Operating
Co.
(a)
.................................................
10.50%
11/30/2030
46,079
160,000
Victra
Holdings
LLC
/
Victra
Finance
Corp.
(a)
..................................
8.75%
9/15/2029
165,144
38,000
Voyager
Parent
LLC
(a)
.................................................
9.25%
7/1/2032
40,209
25,000
Whirlpool
Corp.
(a)
....................................................
7.88%
7/1/2034
25,165
Total
US
Corporate
Bonds
(Cost
$4,302,555)
4,335,248
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
-
18.1%
Federal
Home
Loan
Mortgage
Corp.
26,928,260
Series
2021-P009-X
(e)(g)
................................................
1.36%
1/25/2031
570,386
187,143
Series
3211-SI
(-4
x
30
day
avg
SOFR
US
+
27.18%,
0.00%
Floor,
27.67%
Cap)
(g)(i)
......
12.08%
9/15/2036
69,337
401,091
Series
3236-ES
(-1
x
30
day
avg
SOFR
US
+
6.59%,
0.00%
Floor,
6.70%
Cap)
(g)(i)
.......
2.99%
11/15/2036
34,794
266,747
Series
3256-S
(-1
x
30
day
avg
SOFR
US
+
6.58%,
0.00%
Floor,
6.69%
Cap)
(g)(i)
........
2.98%
12/15/2036
22,700
140,909
Series
3292-SD
(-1
x
30
day
avg
SOFR
US
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.......
2.39%
3/15/2037
9,456
1,657,247
Series
3297-BI
(-1
x
30
day
avg
SOFR
US
+
6.65%,
0.00%
Floor,
6.76%
Cap)
(g)(i)
........
3.05%
4/15/2037
143,111
1,544,747
Series
3311-BI
(-1
x
30
day
avg
SOFR
US
+
6.65%,
0.00%
Floor,
6.76%
Cap)
(g)(i)
........
3.05%
5/15/2037
111,914
1,223,501
Series
3311-IA
(-1
x
30
day
avg
SOFR
US
+
6.30%,
0.00%
Floor,
6.41%
Cap)
(g)(i)
........
2.70%
5/15/2037
122,150
275,922
Series
3314-SH
(-1
x
30
day
avg
SOFR
US
+
6.29%,
0.00%
Floor,
6.40%
Cap)
(g)(i)
.......
2.69%
11/15/2036
19,626
147,256
Series
3330-KS
(-1
x
30
day
avg
SOFR
US
+
6.44%,
0.00%
Floor,
6.55%
Cap)
(g)(i)
.......
2.84%
6/15/2037
7,426
21,955
Series
3339-AI
(-1
x
30
day
avg
SOFR
US
+
6.44%,
0.00%
Floor,
6.55%
Cap)
(g)(i)
........
2.84%
7/15/2037
1,417
891,030
Series
3339-TI
(-1
x
30
day
avg
SOFR
US
+
6.03%,
0.00%
Floor,
6.14%
Cap)
(g)(i)
........
2.43%
7/15/2037
77,036
283,526
Series
3374-SD
(-1
x
30
day
avg
SOFR
US
+
6.34%,
0.00%
Floor,
6.45%
Cap)
(g)(i)
.......
2.74%
10/15/2037
17,436
66,669
Series
3382-SU
(-1
x
30
day
avg
SOFR
US
+
6.19%,
0.00%
Floor,
6.30%
Cap)
(g)(i)
.......
2.59%
11/15/2037
4,190
1,449,020
Series
3404-SA
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.......
2.29%
1/15/2038
95,140
69,913
Series
3423-GS
(-1
x
30
day
avg
SOFR
US
+
5.54%,
0.00%
Floor,
5.65%
Cap)
(g)(i)
.......
1.94%
3/15/2038
4,047
1,131,744
Series
3435-S
(-1
x
30
day
avg
SOFR
US
+
5.87%,
0.00%
Floor,
5.98%
Cap)
(g)(i)
........
2.27%
4/15/2038
71,366
64,167
Series
3508-PS
(-1
x
30
day
avg
SOFR
US
+
6.54%,
0.00%
Floor,
6.65%
Cap)
(g)(i)
.......
2.94%
2/15/2039
3,769
387,686
Series
3728-SV
(-1
x
30
day
avg
SOFR
US
+
4.34%,
0.00%
Floor,
4.45%
Cap)
(g)(i)
.......
0.74%
9/15/2040
8,544
3,401,204
Series
3736-SN
(-1
x
30
day
avg
SOFR
US
+
5.94%,
0.00%
Floor,
6.05%
Cap)
(g)(i)
.......
2.34%
10/15/2040
249,622
1,159,862
Series
3753-SB
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.......
2.29%
11/15/2040
95,517
1,354,662
Series
3780-SM
(-1
x
30
day
avg
SOFR
US
+
6.39%,
0.00%
Floor,
6.50%
Cap)
(g)(i)
.......
2.79%
12/15/2040
128,787
507,286
Series
3815-ST
(-1
x
30
day
avg
SOFR
US
+
5.74%,
0.00%
Floor,
5.85%
Cap)
(g)(i)
.......
2.14%
2/15/2041
31,172
963,488
Series
3905-SC
(-5
x
30
day
avg
SOFR
US
+
22.18%,
0.00%
Floor,
22.75%
Cap)
(i)
......
4.22%
8/15/2041
958,462
495,971
Series
3924-SJ
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.......
2.29%
9/15/2041
37,116
1,066,848
Series
3960-ES
(-1
x
30
day
avg
SOFR
US
+
5.84%,
0.00%
Floor,
5.95%
Cap)
(g)(i)
.......
2.24%
11/15/2041
82,367
19,505,935
Series
400-C4
(g)
.....................................................
3.00%
12/25/2052
3,441,403
1,295,895
Series
4291-MS
(-1
x
30
day
avg
SOFR
US
+
5.79%,
0.00%
Floor,
5.90%
Cap)
(g)(i)
.......
2.19%
1/15/2054
117,302
5,475,700
Series
5083-IH
(g)
.....................................................
2.50%
3/25/2051
829,696
10,169,942
Series
5100-DS
(-1
x
30
day
avg
SOFR
US
+
2.50%,
0.00%
Floor,
2.50%
Cap)
(g)(i)
.......
0.00%
5/25/2051
2,402
7,934,404
Series
5112-SC
(-1
x
30
day
avg
SOFR
US
+
2.50%,
0.00%
Floor,
2.50%
Cap)
(g)(i)
.......
0.00%
6/25/2051
2,052
Federal
National
Mortgage
Association
14,451
Series
2005-72-WS
(-1
x
30
day
avg
SOFR
US
+
6.64%,
0.00%
Floor,
6.75%
Cap)
(g)(i)
....
3.01%
8/25/2035
808
147,402
Series
2006-117-SQ
(-1
x
30
day
avg
SOFR
US
+
6.44%,
0.00%
Floor,
6.55%
Cap)
(g)(i)
....
2.81%
12/25/2036
9,959
44,329
Series
2006-119-HS
(-1
x
30
day
avg
SOFR
US
+
6.54%,
0.00%
Floor,
6.65%
Cap)
(g)(i)
....
2.91%
12/25/2036
3,316
1,514,319
Series
2006-123-CI
(-1
x
30
day
avg
SOFR
US
+
6.63%,
0.00%
Floor,
6.74%
Cap)
(g)(i)
....
3.00%
1/25/2037
170,526
800,188
Series
2007-15-BI
(-1
x
30
day
avg
SOFR
US
+
6.59%,
0.00%
Floor,
6.70%
Cap)
(g)(i)
.....
2.96%
3/25/2037
70,817
141,361
Series
2007-20-S
(-1
x
30
day
avg
SOFR
US
+
6.63%,
0.00%
Floor,
6.74%
Cap)
(g)(i)
......
3.00%
3/25/2037
8,174
89,712
Series
2007-21-SD
(-1
x
30
day
avg
SOFR
US
+
6.37%,
0.00%
Floor,
6.48%
Cap)
(g)(i)
.....
2.74%
3/25/2037
6,901
429,712
Series
2007-30-IE
(-1
x
30
day
avg
SOFR
US
+
6.63%,
0.00%
Floor,
6.74%
Cap)
(g)(i)
.....
3.00%
4/25/2037
47,964
1,028,053
Series
2007-32-SA
(-1
x
30
day
avg
SOFR
US
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.....
2.36%
4/25/2037
74,181
328,900
Series
2007-40-SA
(-1
x
30
day
avg
SOFR
US
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.....
2.36%
5/25/2037
25,048
79,456
Series
2007-48-SE
(-1
x
30
day
avg
SOFR
US
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.....
2.36%
5/25/2037
3,898
100,235
Series
2007-64-LI
(-1
x
30
day
avg
SOFR
US
+
6.45%,
0.00%
Floor,
6.56%
Cap)
(g)(i)
......
2.82%
7/25/2037
5,708
40,751
Series
2007-68-SA
(-1
x
30
day
avg
SOFR
US
+
6.54%,
0.00%
Floor,
6.65%
Cap)
(g)(i)
.....
2.91%
7/25/2037
3,310
2,069,097
Series
2007-75-PI
(-1
x
30
day
avg
SOFR
US
+
6.43%,
0.00%
Floor,
6.54%
Cap)
(g)(i)
.....
2.80%
8/25/2037
188,975
1,097,273
Series
2008-33-SA
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
2.26%
4/25/2038
76,301
848,428
Series
2008-42-SC
(-1
x
30
day
avg
SOFR
US
+
5.79%,
0.00%
Floor,
5.90%
Cap)
(g)(i)
.....
2.16%
5/25/2038
65,051
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
12
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
232,047
Series
2008-5-GS
(-1
x
30
day
avg
SOFR
US
+
6.14%,
0.00%
Floor,
6.25%
Cap)
(g)(i)
.....
2.51%
2/25/2038
20,864
573,314
Series
2008-62-SD
(-1
x
30
day
avg
SOFR
US
+
5.94%,
0.00%
Floor,
6.05%
Cap)
(g)(i)
.....
2.31%
7/25/2038
40,897
421,907
Series
2008-68-SB
(-1
x
30
day
avg
SOFR
US
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.....
2.36%
8/25/2038
27,753
59,136
Series
2009-111-SE
(-1
x
30
day
avg
SOFR
US
+
6.14%,
0.00%
Floor,
6.25%
Cap)
(g)(i)
....
2.51%
1/25/2040
4,239
275,165
Series
2009-12-CI
(-1
x
30
day
avg
SOFR
US
+
6.49%,
0.00%
Floor,
6.60%
Cap)
(g)(i)
.....
2.86%
3/25/2036
12,918
62,509
Series
2009-47-SA
(-1
x
30
day
avg
SOFR
US
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.....
2.36%
7/25/2039
2,786
85,122
Series
2009-48-WS
(-1
x
30
day
avg
SOFR
US
+
5.84%,
0.00%
Floor,
5.95%
Cap)
(g)(i)
....
2.21%
7/25/2039
5,955
41,293
Series
2009-67-SA
(-1
x
30
day
avg
SOFR
US
+
5.04%,
0.25%
Floor,
5.15%
Cap)
(g)(i)
.....
1.41%
7/25/2037
1,959
269,380
Series
2009-87-SA
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
2.26%
11/25/2049
19,257
2,429,206
Series
2009-90-QI
(-1
x
30
day
avg
SOFR
US
+
6.49%,
0.00%
Floor,
6.60%
Cap)
(g)(i)
.....
2.86%
8/25/2036
217,348
322,061
Series
2009-91-SD
(-1
x
30
day
avg
SOFR
US
+
6.04%,
0.00%
Floor,
6.15%
Cap)
(g)(i)
.....
2.41%
11/25/2039
25,992
68,863
Series
2010-115-SD
(-1
x
30
day
avg
SOFR
US
+
6.49%,
0.00%
Floor,
6.60%
Cap)
(g)(i)
....
2.86%
11/25/2039
5,365
49,574
Series
2010-11-SC
(-1
x
30
day
avg
SOFR
US
+
4.69%,
0.00%
Floor,
4.80%
Cap)
(g)(i)
.....
1.06%
2/25/2040
919
1,977,467
Series
2010-142-SC
(-1
x
30
day
avg
SOFR
US
+
6.49%,
0.00%
Floor,
6.60%
Cap)
(g)(i)
....
2.86%
12/25/2040
210,660
341,444
Series
2010-15-SL
(-1
x
30
day
avg
SOFR
US
+
4.84%,
0.00%
Floor,
4.95%
Cap)
(g)(i)
.....
1.21%
3/25/2040
11,964
146,687
Series
2010-19-SA
(-1
x
30
day
avg
SOFR
US
+
5.29%,
0.00%
Floor,
5.40%
Cap)
(g)(i)
.....
1.66%
3/25/2050
8,486
280,630
Series
2010-31-SB
(-1
x
30
day
avg
SOFR
US
+
4.89%,
0.00%
Floor,
5.00%
Cap)
(g)(i)
.....
1.26%
4/25/2040
11,273
442,051
Series
2010-39-SL
(-1
x
30
day
avg
SOFR
US
+
5.56%,
0.00%
Floor,
5.67%
Cap)
(g)(i)
.....
1.93%
5/25/2040
24,135
77,791
Series
2010-8-US
(-1
x
30
day
avg
SOFR
US
+
4.69%,
0.00%
Floor,
4.80%
Cap)
(g)(i)
......
1.06%
2/25/2040
1,972
75,083
Series
2010-9-GS
(-1
x
30
day
avg
SOFR
US
+
4.64%,
0.00%
Floor,
4.75%
Cap)
(g)(i)
.....
1.01%
2/25/2040
1,827
405,707
Series
2011-114-S
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
2.26%
9/25/2039
37,318
803,216
Series
2011-146-US
(-1
x
30
day
avg
SOFR
US
+
6.84%,
0.00%
Floor,
7.00%
Cap)
(i)
.....
1.76%
1/25/2042
547,752
115,967
Series
2012-29-SG
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
2.26%
4/25/2042
7,160
718,119
Series
2012-56-SN
(-1
x
30
day
avg
SOFR
US
+
5.94%,
0.00%
Floor,
6.05%
Cap)
(g)(i)
.....
2.31%
6/25/2042
49,349
1,010,724
Series
2012-76-SC
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
2.26%
7/25/2042
86,901
1,386,415
Series
2013-83-US
(-1
x
30
day
avg
SOFR
US
+
4.89%,
0.00%
Floor,
5.00%
Cap)
(i)
......
1.26%
8/25/2043
959,058
2,870,837
Series
2016-64-SA
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
2.26%
9/25/2046
277,374
2,570,606
Series
2020-61-DI
(g)
..................................................
3.00%
9/25/2060
459,501
10,645,175
Series
2020-M27-X1
(e)(g)
................................................
0.93%
3/25/2031
215,579
13,020,561
Series
2021-17-SA
(-1
x
30
day
avg
SOFR
US
+
2.00%,
0.00%
Floor,
2.00%
Cap)
(g)(i)
.....
0.00%
4/25/2051
3,420
4,116,390
Series
2021-3-KI
(g)
...................................................
2.50%
2/25/2051
614,623
3,628,133
Series
2021-56-WI
(g)
..................................................
2.50%
9/25/2051
417,524
98,869
Series
374-19
(g)
.....................................................
6.50%
9/25/2036
16,305
FREMF
Mortgage
Trust
695,146
Series
2018-KF56-C
(30
day
avg
SOFR
US
+
5.91%,
5.80%
Floor)
(a)
................
9.51%
11/25/2028
650,511
792,150
Series
2019-KF71-C
(30
day
avg
SOFR
US
+
6.11%,
6.00%
Floor)
(a)
................
9.71%
10/25/2029
768,857
Government
National
Mortgage
Association
267,904
Series
2009-104-SD
(-1
x
1
mo.
Term
SOFR
+
6.24%,
0.00%
Floor,
6.35%
Cap)
(g)(i)
......
2.60%
11/16/2039
21,145
17,345
Series
2010-98-IA
(e)(g)
.................................................
5.00%
3/20/2039
130
287,773
Series
2011-69-SB
(-1
x
1
mo.
Term
SOFR
+
5.24%,
0.00%
Floor,
5.35%
Cap)
(g)(i)
.......
1.60%
5/20/2041
18,542
471,813
Series
2011-71-SG
(-1
x
1
mo.
Term
SOFR
+
5.29%,
0.00%
Floor,
5.40%
Cap)
(g)(i)
.......
1.65%
5/20/2041
37,298
509,218
Series
2011-72-AS
(-1
x
1
mo.
Term
SOFR
+
5.27%,
0.00%
Floor,
5.38%
Cap)
(g)(i)
.......
1.63%
5/20/2041
36,208
618,594
Series
2011-89-SA
(-1
x
1
mo.
Term
SOFR
+
5.34%,
0.00%
Floor,
5.45%
Cap)
(g)(i)
.......
1.70%
6/20/2041
48,338
4,323,965
Series
2012-26-SP
(-1
x
1
mo.
Term
SOFR
+
6.54%,
0.00%
Floor,
6.65%
Cap)
(g)(i)
.......
2.90%
2/20/2042
495,495
311,675
Series
2012-34-LI
(-20
x
1
mo.
Term
SOFR
+
119.71%,
0.00%
Floor,
6.00%
Cap)
(g)(i)
.....
6.00%
12/16/2039
61,214
3,361,524
Series
2013-119-TZ
..................................................
3.00%
8/20/2043
3,009,869
1,860,458
Series
2014-39-SK
(-1
x
1
mo.
Term
SOFR
+
6.09%,
0.00%
Floor,
6.20%
Cap)
(g)(i)
.......
2.45%
3/20/2044
179,778
2,922,105
Series
2014-59-DS
(-1
x
1
mo.
Term
SOFR
+
6.14%,
0.00%
Floor,
6.25%
Cap)
(g)(i)
.......
2.50%
4/16/2044
217,807
3,295,090
Series
2014-63-SD
(-1
x
1
mo.
Term
SOFR
+
5.44%,
0.00%
Floor,
5.55%
Cap)
(g)(i)
.......
1.80%
4/20/2044
267,432
1,285,918
Series
2014-69-ST
(-1
x
1
mo.
Term
SOFR
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(g)(i)
.......
2.35%
12/16/2039
115,594
2,019,971
Series
2015-148-BS
(-1
x
1
mo.
Term
SOFR
+
5.58%,
0.00%
Floor,
5.69%
Cap)
(g)(i)
......
1.94%
10/20/2045
189,642
5,516,962
Series
2015-158-SK
(-1
x
1
mo.
Term
SOFR
+
6.09%,
0.00%
Floor,
6.20%
Cap)
(g)(i)
......
2.45%
11/20/2045
582,001
6,188,130
Series
2018-111-SA
(-1
x
1
mo.
Term
SOFR
+
4.44%,
0.00%
Floor,
4.55%
Cap)
(g)(i)
.......
0.80%
8/20/2048
191,645
18,268,627
Series
2018-48-SD
(-1
x
1
mo.
Term
SOFR
+
3.79%,
0.00%
Floor,
3.90%
Cap)
(g)(i)
.......
0.15%
4/20/2048
290,172
5,365,220
Series
2020-115-SC
(-1
x
1
mo.
Term
SOFR
+
4.09%,
0.00%
Floor,
4.20%
Cap)
(g)(i)
......
0.45%
8/20/2050
145,133
8,128,533
Series
2020-129-IW
(g)
.................................................
2.50%
9/20/2050
1,194,406
4,175,579
Series
2020-129-SE
(-1
x
1
mo.
Term
SOFR
+
3.64%,
0.00%
Floor,
3.75%
Cap)
(g)(i)
......
0.00%
9/20/2050
44,205
13,061,357
Series
2020-138-IC
(g)
..................................................
3.50%
8/20/2050
2,458,150
4,557,000
Series
2020-138-IL
(g)
..................................................
3.50%
9/20/2050
865,701
8,277,305
Series
2020-173-MI
(g)
.................................................
2.50%
11/20/2050
1,239,973
6,309,958
Series
2020-175-KI
(g)
..................................................
2.50%
11/20/2050
937,436
2,398,543
Series
2020-187-SB
(-1
x
1
mo.
Term
SOFR
+
6.19%,
0.00%
Floor,
6.30%
Cap)
(g)(i)
......
2.55%
12/20/2050
288,482
7,150,885
Series
2020-188-DI
(g)
..................................................
2.50%
12/20/2050
1,090,477
3,728,153
Series
2020-196-DI
(g)
..................................................
2.50%
12/20/2050
509,665
6,843,980
Series
2021-107-IL
(g)
..................................................
3.00%
6/20/2051
1,185,858
5,503,514
Series
2021-107-SA
(-1
x
1
mo.
Term
SOFR
+
3.64%,
0.00%
Floor,
3.75%
Cap)
(g)(i)
......
0.00%
6/20/2051
121,974
3,361,725
Series
2021-116-XI
(g)
..................................................
3.50%
3/20/2051
610,903
2,866,442
Series
2021-125-AS
(-1
x
30
day
avg
SOFR
US
+
3.25%,
0.00%
Floor,
3.25%
Cap)
(g)(i)
....
0.00%
7/20/2051
16,167
6,205,168
Series
2021-130-DI
(g)
..................................................
3.00%
7/20/2051
1,101,932
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
13
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
7,675,287
Series
2021-138-NI
(g)
..................................................
3.00%
8/20/2051
921,902
5,821,525
Series
2021-158-SA
(-1
x
30
day
avg
SOFR
US
+
3.70%,
0.00%
Floor,
3.70%
Cap)
(g)(i)
....
0.09%
9/20/2051
110,281
8,047,188
Series
2021-15-PI
(g)
...................................................
3.00%
1/20/2051
1,253,304
14,704,486
Series
2021-194-IN
(g)
..................................................
3.00%
11/20/2051
2,509,356
9,478,085
Series
2021-209-MI
(g)
.................................................
3.00%
11/20/2051
1,501,629
10,915,495
Series
2021-221-SC
(-1
x
30
day
avg
SOFR
US
+
3.80%,
0.00%
Floor,
3.80%
Cap)
(g)(i)
....
0.19%
12/20/2051
174,298
8,334,976
Series
2021-221-SD
(-1
x
30
day
avg
SOFR
US
+
3.80%,
0.00%
Floor,
3.80%
Cap)
(g)(i)
....
0.19%
12/20/2051
158,095
8,560,392
Series
2021-24-XI
(g)
...................................................
2.00%
2/20/2051
950,088
7,390,123
Series
2021-46-DS
(-1
x
1
mo.
Term
SOFR
+
2.69%,
0.00%
Floor,
2.80%
Cap)
(g)(i)
.......
0.00%
3/20/2051
12,578
3,643,329
Series
2021-58-SJ
(-1
x
1
mo.
Term
SOFR
+
6.19%,
0.00%
Floor,
6.30%
Cap)
(g)(i)
.......
2.55%
4/20/2051
409,694
30,136,523
Series
2021-59-S
(-1
x
30
day
avg
SOFR
US
+
2.60%,
0.00%
Floor,
2.60%
Cap)
(g)(i)
......
0.00%
4/20/2051
79,560
12,210,199
Series
2021-73-LS
(-1
x
30
day
avg
SOFR
US
+
2.50%,
0.50%
Floor,
2.50%
Cap)
(g)(i)
.....
0.50%
4/20/2051
265,472
6,281,677
Series
2021-77-IH
(g)
..................................................
2.50%
5/20/2051
779,322
11,104,490
Series
2021-78-SC
(-1
x
30
day
avg
SOFR
US
+
2.60%,
0.00%
Floor,
2.60%
Cap)
(g)(i)
.....
0.00%
5/20/2051
26,165
5,910,749
Series
2021-7-IQ
(g)
...................................................
2.50%
1/20/2051
826,010
11,922,734
Series
2021-97-SA
(-1
x
30
day
avg
SOFR
US
+
2.60%,
0.00%
Floor,
2.60%
Cap)
(g)(i)
.....
0.00%
6/20/2051
74,342
21,608,966
Series
2021-9-MI
(g)
...................................................
2.50%
1/20/2051
3,098,953
9,139,034
Series
2021-H04-BI
(e)(g)
................................................
1.37%
2/1/2071
539,877
10,440,290
Series
2021-H07-AI
(e)(g)
................................................
0.96%
5/20/2071
577,567
3,376,469
Series
2022-105-IO
(g)
.................................................
2.50%
6/20/2051
481,653
12,555,543
Series
2022-22-SA
(-1
x
30
day
avg
SOFR
US
+
3.60%,
0.00%
Floor,
3.60%
Cap)
(g)(i)
.....
0.00%
8/20/2050
163,938
5,227,360
Series
2022-25-EI
(g)
...................................................
3.00%
2/20/2052
921,317
29,303,769
Series
2022-83-IO
(g)
..................................................
2.50%
11/20/2051
4,150,389
6,467,246
Series
2024-13-IA
(g)
...................................................
3.00%
5/20/2051
1,034,012
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$55,066,302)
52,491,055
SHARES
COMMON
STOCKS
-
0.0%
(k)
3,953
Altice
France/Luxco
3
(c)(l)
...............................................
79,042
1,014
Asphalt
ATD
Holdco,
LLC
(c)(l)
.............................................
446
119
Jacobs
Solutions,
Inc.
NPV
(c)(l)
...........................................
15
711
Stichting
Administratiekantoor
ADR
(c)(l)
......................................
–
261
Stichting
Administratiekantoor
Unigel
Creditors
(c)(l)
..............................
–
Total
Common
Stocks
(Cost
$258,222)
79,503
R
ATE
SHORT
TERM
INVESTMENTS
-
2.5%
2,498,972
BNY
Dreyfus
Government
Cash
Management
-
Institutional
(m)
.....................
3.54%
2,498,972
2,425,473
MSILF
Government
Portfolio
-
Institutional
(m)
.................................
3.56%
2,425,473
2,425,472
Northern
Institutional
Funds
-Treasury
Portfolio
-
SHR
(m)
.........................
3.56%
2,425,472
Total
Short
Term
Investments
(Cost
$7,349,917)
7,349,917
Total
Investments
-
107.9%
(n)
(Cost
$342,176,176)
312,667,490
Other
Liabilities
in
Excess
of
Assets
-
(7.9)%
(22,766,754)
NET
ASSETS
-
100.0%
$289,900,736
(a)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration
to
qualified
institutional
buyers.
As
of
June
30,
2026,
the
value
of
these
securities
total
181,361,711
or
62.56%
of
the
Fund’s
net
assets.
(b)
Security
pays
interest
at
rates
that
represent
residual
cashflows
available
after
more
senior
tranches
have
been
paid.
(c)
Value
determined
using
significant
unobservable
inputs.
(d)
Security
is
in
default
or
has
failed
to
make
a
scheduled
payment.
(e)
Coupon
rate
is
variable
based
on
the
weighted
average
coupon
of
the
underlying
collateral.
To
the
extent
the
weighted
average
coupon
of
the
underlying
assets
which
comprise
the
collateral
increases
or
decreases,
the
coupon
rate
of
this
security
will
increase
or
decrease
correspondingly.
The
rate
disclosed
is
as
of
period
end.
(f)
Perpetual
maturity.
The
date
disclosed
is
the
next
call
date
of
the
security.
(g)
Interest
only
security
(h)
Step
Bond;
Coupon
rate
changes
based
on
a
predetermined
schedule
or
event.
The
interest
rate
shown
is
the
rate
in
effect
as
of
period
end.
(i)
Inverse
floating
rate
security
whose
interest
rate
moves
in
the
opposite
direction
of
reference
interest
rates.
Reference
interest
rates
are
typically
based
on
a
negative
multiplier
or
slope.
Interest
rate
may
also
be
subject
to
a
cap
or
floor.
DoubleLine
Opportunistic
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
14
(j)
Security
has
reached
its
original
contractual
maturity
date
but
remains
outstanding
as
of
June
30,
2026.
The
maturity
date
reflected
is
the
original
contractual
maturity
date.
(k)
Represents
less
than
0.05%
of
net
assets.
(l)
Non-income
producing
security.
(m)
Seven-day
yield
as
of
period
end.
(n)
Under
the
Fund’s
Credit
Agreement,
the
lender,
through
their
agent,
have
been
granted
a
security
interest
in
all
of
the
Fund’s
investments
in
consideration
of
the
Fund’s
borrowings
under
the
line
of
credit
with
the
lender.
CMT
Constant
Maturity
Treasury
Rate
MSILF
Morgan
Stanley
Institutional
Liquidity
Funds
PIK
A
payment-in-kind
security
in
which
the
issuer
may
make
interest
or
dividend
payments
in
cash
or
additional
securities.
These
additional
securities
generally
have
the
same
terms
as
the
original
holdings.
SOFR
Secured
Overnight
Financing
Rate
INVESTMENT
BREAKDOWN
as
a
%
of
Net
Assets:
Non-Agency
Commercial
Mortgage
Backed
Obligations
.................................................................
25.9‌%
Non-Agency
Residential
Collateralized
Mortgage
Obligations
..............................................................
23.9‌%
US
Government
and
Agency
Mortgage
Backed
Obligations
...............................................................
18.1‌%
Collateralized
Loan
Obligations
..................................................................................
14.2‌%
Short
Term
Investments
........................................................................................
2.5‌%
Software
..................................................................................................
2.1‌%
Entertainment
...............................................................................................
1.7‌%
Chemicals
.................................................................................................
1.6‌%
Retail
....................................................................................................
1.5‌%
Healthcare-Services
..........................................................................................
1.5‌%
Foreign
Government
Bonds,
Foreign
Agencies
and
Foreign
Government
Sponsored
Corporations
....................................
1.4‌%
Media
....................................................................................................
1.3‌%
Diversified
Financial
Services
....................................................................................
1.2‌%
Packaging
&
Containers
.......................................................................................
1.2‌%
Asset
Backed
Obligations
......................................................................................
1.0‌%
Commercial
Services
.........................................................................................
0.9‌%
Oil
&
Gas
..................................................................................................
0.9‌%
Pharmaceuticals
.............................................................................................
0.7‌%
Leisure
Time
...............................................................................................
0.6‌%
Engineering
&
Construction
.....................................................................................
0.6‌%
Insurance
..................................................................................................
0.6‌%
Distribution/Wholesale
.........................................................................................
0.5‌%
Healthcare-Products
..........................................................................................
0.4‌%
Internet
...................................................................................................
0.4‌%
Telecommunications
..........................................................................................
0.3‌%
Mining
....................................................................................................
0.3‌%
Machinery-Diversified
.........................................................................................
0.2‌%
Food
.....................................................................................................
0.2‌%
Electric
...................................................................................................
0.2‌%
Lodging
...................................................................................................
0.2‌%
Building
Materials
............................................................................................
0.2‌%
Banks
....................................................................................................
0.2‌%
Auto
Parts
&
Equipment
........................................................................................
0.2‌%
Pipelines
..................................................................................................
0.2‌%
Coal
.....................................................................................................
0.2‌%
Airlines
...................................................................................................
0.2‌%
Transportation
..............................................................................................
0.1‌%
Agriculture
.................................................................................................
0.1‌%
Energy-Alternate
Sources
......................................................................................
0.1‌%
Miscellaneous
Manufacturing
....................................................................................
0.1‌%
Iron/Steel
..................................................................................................
0.1‌%
Real
Estate
................................................................................................
0.1‌%
Advertising
.................................................................................................
0.0‌%
(a)
Home
Furnishings
............................................................................................
0.0‌%
(a)
Home
Builders
..............................................................................................
0.0‌%
(a)
Other
Assets
and
Liabilities
.....................................................................................
(7.9‌)%
Net
Assets
.................................................................................................
100.0‌%
(a)
Represents
less
than
0.05%
of
net
assets.