DoubleLine
Selective
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
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
-
0.0%
(a)
JP
Morgan
Chase
Commercial
Mortgage
Securities
350,000
Series
2018-WPT-EFL
(1
mo.
Term
SOFR
+
2.84%,
2.60%
Floor)
(b)
.................
6.45%
7/5/2033
135,100
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$349,125)
135,100
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
-
98.6%
ACRA
Trust
2,940,000
Series
2026-NQM1-A2
(b)(c)
..............................................
5.77%
6/25/2066
2,946,918
1,950,000
Series
2026-NQM1-A3
(b)(c)
..............................................
5.93%
6/25/2066
1,954,520
Adjustable
Rate
Mortgage
Trust
1,953,277
Series
2005-10-5A1
(1
mo.
Term
SOFR
+
0.63%,
0.52%
Floor,
11.00%
Cap)
...........
4.28%
1/25/2036
1,892,834
Ameriquest
Mortgage
Securities,
Inc.
9,500,000
Series
2005-R4-M6
(1
mo.
Term
SOFR
+
1.12%,
1.01%
Floor)
.....................
4.77%
7/25/2035
8,613,957
AMSR
Trust
3,222,000
Series
2024-SFR1-B
(b)(c)
................................................
4.29%
7/17/2041
3,131,285
2,500,000
Series
2025-SFR1-B
(b)
.................................................
3.66%
6/17/2042
2,358,183
10,000,000
Series
2025-SFR2-C
(b)
.................................................
4.28%
11/17/2042
9,537,216
10,000,000
Series
2025-SFR2-D
(b)
.................................................
4.28%
11/17/2042
9,468,735
Angel
Oak
Mortgage
Trust
LLC
4,500,000
Series
2021-5-M1
(b)(d)
..................................................
2.39%
7/25/2066
3,479,359
2,667,818
Series
2025-12-A3
(b)(c)
.................................................
5.34%
12/25/2070
2,644,164
1,900,000
Series
2025-12-M1
(b)(c)
.................................................
5.77%
12/25/2070
1,891,189
764,906
Series
2025-7-A3
(b)(c)
..................................................
5.92%
6/25/2070
766,010
1,500,000
Series
2025-7-M1
(b)(d)
..................................................
6.35%
6/25/2070
1,505,191
Arroyo
Mortgage
Trust
7,539,000
Series
2019-3-M1
(b)(d)
..................................................
4.20%
10/25/2048
7,166,089
Asset
Backed
Securities
Corp.
Home
Equity
3,381,683
Series
2003-HE1-M3
(1
mo.
Term
SOFR
+
5.36%,
5.25%
Floor)
....................
8.99%
1/15/2033
3,157,299
Banc
of
America
Alternative
Loan
Trust
3,180,727
Series
2007-1-3A24
..................................................
6.00%
4/25/2037
2,755,586
Banc
of
America
Funding
Corp.
695,319
Series
2006-2-2A11
..................................................
5.50%
3/25/2036
607,428
689,827
Series
2007-1-TA8
(c)
..................................................
6.35%
1/25/2037
642,776
2,455,809
Series
2014-R8-A2
(1
mo.
Term
SOFR
+
0.35%,
0.24%
Floor)
(b)
....................
4.00%
6/26/2036
2,016,216
Banc
of
America
Mortgage
Securities,
Inc.
740,618
Series
2006-3-1A10
..................................................
6.00%
10/25/2036
640,718
Barclays
Mortgage
Loan
Trust
943,695
Series
2026-NQM1-A1
(b)(c)
..............................................
4.84%
12/25/2065
934,499
943,695
Series
2026-NQM1-A3
(b)(c)
..............................................
5.24%
12/25/2065
937,528
BCAP
LLC
Trust
7,358,877
Series
2012-RR4-6A2
(b)(d)
...............................................
5.19%
11/26/2035
3,090,478
2,810,518
Series
2013-RR2-6A2
(b)(d)
...............................................
4.59%
6/26/2037
2,169,650
Bear
Stearns
Adjustable
Rate
Mortgage
Trust
1,643,169
Series
2006-2-2A1
(d)
..................................................
4.11%
7/25/2036
1,428,485
Bear
Stearns
Alt-A
Trust
1,279,015
Series
2005-10-23A1
(d)
................................................
4.54%
1/25/2036
1,194,899
5,223,529
Series
2006-3-21A1
(d)
.................................................
4.16%
5/25/2036
3,656,269
1,120,768
Series
2006-4-31A1
(d)
.................................................
4.34%
7/25/2036
623,474
Bear
Stearns
Asset
Backed
Securities
Trust
269,956
Series
2006-AC5-A1
(c)
.................................................
6.75%
12/25/2036
313,045
2,639,776
Series
2006-AQ1-12A
(1
mo.
Term
SOFR
+
0.39%,
0.28%
Floor)
...................
4.04%
10/25/2036
2,625,015
492,262
Series
2006-IM1-A1
(1
mo.
Term
SOFR
+
0.57%,
0.46%
Floor)
....................
4.22%
4/25/2036
541,336
BRAVO
Residential
Funding
Trust
2,336,781
Series
2024-NQM1-A1
(b)(c)
..............................................
5.94%
12/1/2063
2,340,913
900,000
Series
2024-NQM7-M1
(b)(d)
..............................................
6.38%
10/27/2064
905,825
1,000,000
Series
2025-NQM10-M1
(b)(d)
.............................................
5.76%
9/25/2065
994,198
1,902,984
Series
2026-NQM3-A3
(b)(c)
..............................................
5.34%
11/25/2065
1,886,479
2,000,000
Series
2026-NQM3-M1
(b)(d)
..............................................
5.63%
11/25/2065
1,967,768
1,000,000
Series
2026-NQM4-M1
(b)(d)
..............................................
6.03%
3/25/2066
996,837
DoubleLine
Selective
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
2
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Carrington
Mortgage
Loan
Trust
2,296,255
Series
2007-RFC1-A3
(1
mo.
Term
SOFR
+
0.39%,
0.28%
Floor,
14.50%
Cap)
.........
4.04%
12/25/2036
2,260,794
Chase
Mortgage
Finance
Corp.
1,557,678
Series
2006-S2-1A9
..................................................
6.25%
10/25/2036
555,973
3,678,063
Series
2006-S3-1A2
..................................................
6.00%
11/25/2036
1,438,998
311,858
Series
2007-S3-1A12
.................................................
6.00%
5/25/2037
131,398
CIM
Trust
6,991,850
Series
2023-R2-A1
(b)(d)
.................................................
5.50%
8/25/2064
7,002,750
7,819,557
Series
2023-R4-A1
(b)(d)
.................................................
5.00%
5/25/2062
7,753,850
Citigroup
Mortgage
Loan
Trust,
Inc.
285,454
Series
2005-9-21A2
..................................................
5.50%
11/25/2035
288,995
2,390,478
Series
2007-AHL3-A3A
(1
mo.
Term
SOFR
+
0.17%,
0.06%
Floor)
..................
3.82%
7/25/2045
1,734,330
426,771
Series
2007-AR8-1A1A
(d)
...............................................
3.60%
8/25/2047
391,628
3,440,473
Series
2009-10-2A2
(b)(d)
................................................
7.00%
12/25/2035
2,369,973
6,870,173
Series
2019-A-PT1
(b)
..................................................
3.92%
10/25/2058
5,673,636
6,051,460
Series
2020-RP1-A1
(b)(d)
................................................
1.50%
8/25/2064
5,388,045
1,040,000
Series
2020-RP1-M1
(b)(d)
...............................................
2.00%
8/25/2064
803,070
874,000
Series
2020-RP1-M2
(b)(d)
...............................................
2.50%
8/25/2064
669,601
738,000
Series
2020-RP1-M3
(b)(d)
...............................................
2.75%
8/25/2064
548,010
1,923,485
Series
2020-RP1-PT5
(b)(d)
...............................................
6.32%
8/25/2064
1,578,756
Citimortgage
Alternative
Loan
Trust
643,556
Series
2006-A1-1A6
..................................................
6.00%
4/25/2036
610,673
2,700,896
Series
2006-A2-A5
(1
mo.
Term
SOFR
+
0.71%,
0.60%
Floor,
6.00%
Cap)
............
4.36%
5/25/2036
2,364,606
2,974,335
Series
2006-A2-A6
(-1
x
1
mo.
Term
SOFR
+
5.29%,
0.00%
Floor,
5.40%
Cap)
(e)(f)
.......
1.64%
5/25/2036
189,105
4,574,075
Series
2007-A5-1A3
(1
mo.
Term
SOFR
+
0.61%,
0.50%
Floor,
6.10%
Cap)
...........
4.26%
5/25/2037
3,928,070
4,574,075
Series
2007-A5-1A4
(-1
x
1
mo.
Term
SOFR
+
5.49%,
0.00%
Floor,
5.60%
Cap)
(e)(f)
......
1.84%
5/25/2037
336,512
1,399,724
Series
2007-A6-1A4
..................................................
6.00%
6/25/2037
1,258,760
953,891
Series
2007-A6-1A5
..................................................
6.00%
6/25/2037
857,847
1,315,688
Series
2007-A8-A1
...................................................
6.00%
10/25/2037
1,232,730
Countrywide
Alternative
Loan
Trust
1,203,422
Series
2004-27CB-A6
.................................................
5.50%
12/25/2034
1,059,787
720,242
Series
2005-28CB-2A7
................................................
5.75%
8/25/2035
439,923
1,607,680
Series
2005-4-1A3
...................................................
5.75%
4/25/2035
1,066,973
858,357
Series
2005-46CB-A20
................................................
5.50%
10/25/2035
583,539
2,964,374
Series
2005-55CB-2A1
................................................
5.50%
11/25/2035
1,557,884
1,761,337
Series
2005-65CB-1A11
...............................................
6.00%
1/25/2036
1,157,238
123,016
Series
2005-73CB-1A3
................................................
6.25%
1/25/2036
121,312
2,411,379
Series
2005-79CB-A1
(1
mo.
Term
SOFR
+
0.66%,
0.55%
Floor,
5.50%
Cap)
..........
4.31%
1/25/2036
1,139,535
2,411,379
Series
2005-79CB-A2
(-1
x
1
mo.
Term
SOFR
+
4.84%,
0.00%
Floor,
4.95%
Cap)
(e)(f)
.....
1.19%
1/25/2036
147,064
6,259,911
Series
2005-80CB-4A1
................................................
6.00%
2/25/2036
2,631,271
1,045,849
Series
2006-14CB-A8
.................................................
6.00%
6/25/2036
533,945
9,590,968
Series
2006-31CB-A4
.................................................
6.00%
11/25/2036
5,032,570
2,326,505
Series
2006-41CB-2A12
...............................................
6.00%
1/25/2037
1,121,183
888,104
Series
2006-41CB-2A15
...............................................
5.75%
1/25/2037
411,193
2,929,731
Series
2006-46-A6
...................................................
6.00%
2/25/2047
1,382,359
1,497,345
Series
2006-7CB-2A1
.................................................
6.50%
5/25/2036
556,886
953,481
Series
2006-8T1-1A4
.................................................
6.00%
4/25/2036
429,327
909,786
Series
2006-J4-2A13
..................................................
6.00%
7/25/2036
494,885
2,505,369
Series
2006-J4-2A8
..................................................
6.00%
7/25/2036
1,362,814
883,055
Series
2006-J6-A5
...................................................
6.00%
9/25/2036
380,457
751,402
Series
2007-13-A4
...................................................
6.00%
6/25/2047
368,958
11,341,599
Series
2007-16CB-3A1
................................................
6.75%
8/25/2037
2,367,460
3,945,477
Series
2007-2CB-2A9
.................................................
5.75%
3/25/2037
1,800,708
2,639,222
Series
2007-4CB-1A9
.................................................
5.75%
4/25/2037
2,187,506
3,147,452
Series
2007-OA8-1A1
(1
mo.
Term
SOFR
+
0.47%,
0.36%
Floor)
...................
4.12%
6/25/2047
2,885,835
Countrywide
Asset-Backed
Certificates
8,253,894
Series
2005-17-1AF4
(c)
................................................
6.55%
5/25/2036
6,834,467
9,348,445
Series
2006-25-M1
(1
mo.
Term
SOFR
+
0.49%,
0.38%
Floor)
.....................
4.14%
6/25/2047
8,453,412
Countrywide
Home
Loan
Mortgage
Pass
Through
Trust
79,689
Series
2006-10-1A11
..................................................
5.85%
5/25/2036
29,305
1,964,678
Series
2006-13-1A17
(-1
x
1
mo.
Term
SOFR
+
5.54%,
0.00%
Floor,
5.65%
Cap)
(e)(f)
......
1.89%
9/25/2036
220,329
1,964,678
Series
2006-13-1A3
(1
mo.
Term
SOFR
+
0.71%,
0.60%
Floor,
6.25%
Cap)
............
4.36%
9/25/2036
630,955
500,800
Series
2006-17-A6
...................................................
6.00%
12/25/2036
216,993
1,178,750
Series
2006-19-1A7
..................................................
6.00%
1/25/2037
521,407
1,529,867
Series
2006-9-A2
....................................................
6.00%
5/25/2036
654,018
4,892,846
Series
2007-15-1A29
.................................................
6.25%
9/25/2037
2,814,031
4,766,103
Series
2007-21-1A1
..................................................
6.25%
2/25/2038
1,989,767
DoubleLine
Selective
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
3
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
432,639
Series
2007-4-1A10
..................................................
6.00%
5/25/2037
176,311
312,091
Series
2007-8-1A5
...................................................
5.44%
1/25/2038
118,436
2,590,790
Series
2007-HYB1-2A1
(d)
...............................................
3.90%
3/25/2037
2,212,332
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.
815,899
Series
2005-12-5A1
..................................................
5.25%
1/25/2036
710,636
804,603
Series
2005-9-3A2
...................................................
6.00%
10/25/2035
205,820
Credit
Suisse
Mortgage
Capital
Certificates
1,275,519
Series
2006-6-1A10
..................................................
6.00%
7/25/2036
540,919
3,244,594
Series
2006-7-10A1
..................................................
6.75%
8/25/2036
1,570,497
243,197
Series
2008-2R-1A1
(b)
.................................................
6.00%
7/25/2037
211,159
1,962,356
Series
2009-9R-10A2
(b)
................................................
5.50%
12/26/2035
1,056,050
3,800,000
Series
2020-AFC1-M1
(b)(d)
..............................................
2.84%
2/25/2050
3,339,757
10,092,238
Series
2020-RPL1-PT1
(b)(d)
..............................................
3.28%
10/25/2069
8,162,603
Cross
Mortgage
Trust
1,400,000
Series
2025-H3-M1
(b)(d)
................................................
6.85%
4/25/2070
1,418,391
Deephaven
Residential
Mortgage
Trust
239,215
Series
2026-INV1-A2
(b)(c)
...............................................
5.10%
12/25/2070
235,871
478,430
Series
2026-INV1-A3
(b)(c)
...............................................
5.20%
12/25/2070
471,751
Deutsche
ALT-A
Securities,
Inc.
724,852
Series
2005-6-2A1
...................................................
5.50%
12/25/2035
624,734
151,913
Series
2006-AB4-A1A
(d)
................................................
6.01%
10/25/2036
132,671
Deutsche
Mortgage
Securities,
Inc.
384,239
Series
2009-RS2-1A2
(b)(d)
...............................................
6.19%
9/26/2036
382,698
Ellington
Financial
Mortgage
Trust
4,735,000
Series
2019-2-B1
(b)(d)
..................................................
4.07%
11/25/2059
4,314,149
1,000,000
Series
2025-NQM5-M1
(b)(d)
..............................................
5.77%
11/25/2070
990,298
957,467
Series
2026-NQM3-A3
(b)(c)
..............................................
5.38%
3/25/2071
948,784
1,000,000
Series
2026-NQM3-M1
(b)(d)
..............................................
5.70%
3/25/2071
989,373
Fannie
Mae
Connecticut
Avenue
Securities
13,186,406
Series
2024-R04-1A1
(30
day
avg
SOFR
US
+
1.00%,
0.00%
Floor)
(b)
...............
4.63%
5/25/2044
13,199,342
First
Franklin
Mortgage
Loan
Asset
Backed
Certificates
6,503,275
Series
2006-FF8-M1
(1
mo.
Term
SOFR
+
0.49%,
0.38%
Floor)
....................
4.14%
7/25/2036
5,610,226
First
Horizon
Alternative
Mortgage
Securities
475,123
Series
2005-FA8-1A3
.................................................
5.50%
11/25/2035
198,251
1,671,538
Series
2007-FA3-A8
..................................................
6.00%
6/25/2037
490,427
1,780,021
Series
2007-FA4-1A4
.................................................
6.25%
8/25/2037
544,021
First
Horizon
Asset
Securities,
Inc.
120,934
Series
2006-1-1A2
...................................................
6.00%
5/25/2036
42,451
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
6,250,000
Series
2025-HQA1-M2
(30
day
avg
SOFR
US
+
1.65%,
0.00%
Floor)
(b)
...............
5.28%
2/25/2045
6,280,159
Freedom
Mortgage
Parent
LLC
10,000,000
Series
2021-GT1-A
(b)(d)
.................................................
3.62%
7/25/2026
9,628,566
Fremont
Home
Loan
Trust
9,087,187
Series
2006-D-2A4
(1
mo.
Term
SOFR
+
0.55%,
0.44%
Floor)
.....................
4.20%
11/25/2036
3,152,684
GCAT
5,693,223
Series
2026-NQM2-A3
(b)(c)
..............................................
5.85%
2/25/2071
5,677,708
Greenpoint
Mortgage
Funding
Trust
2,996,578
Series
2005-AR4-3A1
(12
Month
US
Treasury
Average
+
1.40%,
1.40%
Floor)
..........
5.14%
10/25/2045
2,312,712
7,142,354
Series
2007-AR1-1A3
(1
mo.
Term
SOFR
+
0.45%,
0.34%
Floor)
...................
4.10%
2/25/2047
6,114,135
GS
Mortgage-Backed
Securities
Trust
1,000,000
Series
2025-NQM5-M1
(b)(d)
..............................................
5.75%
7/25/2065
985,301
2,479,336
Series
2026-NQM1-A1
(b)(d)
..............................................
4.87%
3/25/2066
2,447,822
442,739
Series
2026-NQM1-A2
(b)(c)
..............................................
5.12%
3/25/2066
438,204
885,477
Series
2026-NQM1-A3
(b)(c)
..............................................
5.23%
3/25/2066
876,427
GSAA
Trust
3,910,073
Series
2007-3-1A1A
(1
mo.
Term
SOFR
+
0.25%,
0.14%
Floor)
....................
3.90%
3/25/2047
2,074,358
GSAMP
Trust
6,921,936
Series
2007-NC1-A1
(1
mo.
Term
SOFR
+
0.37%,
0.26%
Floor)
....................
4.02%
12/25/2046
3,639,095
GSR
Mortgage
Loan
Trust
267,348
Series
2006-2F-3A4
..................................................
6.00%
2/25/2036
103,770
1,486,070
Series
2006-9F-5A2
(-1
x
1
mo.
Term
SOFR
+
6.44%,
0.00%
Floor,
6.55%
Cap)
(e)(f)
......
2.79%
10/25/2036
190,269
1,486,070
Series
2006-9F-5A3
(1
mo.
Term
SOFR
+
0.56%,
0.45%
Floor,
7.00%
Cap)
...........
4.21%
10/25/2036
436,913
695,723
Series
2007-1F-3A14
.................................................
5.75%
1/25/2037
396,535
DoubleLine
Selective
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
4
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
1,463,541
Series
2007-2F-3A3
..................................................
6.00%
3/25/2037
668,876
Harborview
Mortgage
Loan
Trust
2,873,710
Series
2006-BU1-1A1A
(1
mo.
Term
SOFR
+
0.53%,
0.42%
Floor,
10.50%
Cap)
........
4.17%
2/19/2046
2,680,785
4,012,560
Series
2007-7-1A1
(1
mo.
Term
SOFR
+
2.11%,
0.00%
Floor,
10.50%
Cap)
............
5.76%
10/25/2037
3,360,597
Home
Partners
of
America
Trust
3,657,908
Series
2019-2-C
(b)
....................................................
3.02%
10/19/2039
3,562,264
3,892,366
Series
2019-2-D
(b)
....................................................
3.12%
10/19/2039
3,783,826
7,326,807
Series
2019-2-E
(b)
....................................................
3.32%
10/19/2039
7,122,857
HSBC
Asset
Loan
Obligation
1,547,543
Series
2007-1-3A6
...................................................
6.00%
6/25/2037
627,098
Indymac
IMSC
Mortgage
Loan
Trust
3,379,866
Series
2007-AR1-3A1
(d)
................................................
5.01%
6/25/2037
3,161,900
JP
Morgan
Alternative
Loan
Trust
2,127,193
Series
2008-R2-A1
(b)(d)
.................................................
4.90%
11/25/2036
1,053,297
JP
Morgan
Mortgage
Acquisition
Corp.
15,518,063
Series
2006-WMC3-A1MZ
(1
mo.
Term
SOFR
+
0.47%,
0.36%
Floor)
................
4.12%
8/25/2036
10,208,680
JP
Morgan
Mortgage
Trust
349,608
Series
2005-S3-1A1
..................................................
6.50%
1/25/2036
182,696
869,153
Series
2006-A5-3A2
(d)
.................................................
4.65%
8/25/2036
666,058
1,863,783
Series
2007-S1-2A8
..................................................
5.75%
3/25/2037
640,193
7,966,814
Series
2025-NQM1-A1
(b)(c)
..............................................
5.59%
6/25/2065
7,964,421
1,500,000
Series
2025-NQM4-M1A
(b)(d)
.............................................
5.64%
3/25/2066
1,476,847
3,200,000
Series
2025-NQM5-M1A
(b)(d)
.............................................
5.67%
5/25/2066
3,155,987
3,000,000
Series
2026-NQX2-A2
(b)(c)
..............................................
5.83%
10/25/2066
3,013,554
2,000,000
Series
2026-NQX2-M1
(b)(d)
..............................................
6.35%
10/25/2066
2,018,134
Lavender
Trust/US
873,937
Series
2010-R11A-A4
(b)(d)
...............................................
3.13%
10/26/2036
307,584
Legacy
Mortgage
Asset
Trust
9,242,929
Series
2019-RPL3-PT1
(b)
...............................................
0.00%
6/25/2058
8,134,708
Lehman
Brothers
Holdings,
Inc.
1,172,351
Series
2007-1-2A2
(1
mo.
Term
SOFR
+
0.31%,
0.20%
Floor)
(b)
....................
3.96%
6/25/2037
772,306
4,572,442
Series
2007-1-2A3
(1
mo.
Term
SOFR
+
0.34%,
0.23%
Floor)
(b)
....................
3.99%
6/25/2037
3,011,215
Lehman
Mortgage
Trust
579,944
Series
2007-1-1A2
...................................................
5.75%
2/25/2037
573,027
Lehman
XS
Trust
1,221,701
Series
2006-17-1A4A
(1
mo.
Term
SOFR
+
0.45%,
0.34%
Floor)
...................
4.10%
8/25/2046
1,180,687
1,149,575
Series
2006-9-A1C
(1
mo.
Term
SOFR
+
0.63%,
0.52%
Floor)
.....................
4.28%
5/25/2046
1,085,819
Long
Beach
Mortgage
Loan
Trust
6,249,358
Series
2006-2-2A4
(1
mo.
Term
SOFR
+
0.69%,
0.58%
Floor)
.....................
4.34%
3/25/2046
2,007,100
MASTR
Adjustable
Rate
Mortgages
Trust
4,514,415
Series
2005-6-3A2
(d)
..................................................
3.59%
7/25/2035
1,460,484
MASTR
Alternative
Loans
Trust
736,856
Series
2004-10-5A5
..................................................
5.75%
9/25/2034
729,942
MASTR
Asset
Backed
Securities
Trust
14,745,722
Series
2006-WMC3-A1
(1
mo.
Term
SOFR
+
0.38%,
0.27%
Floor)
..................
4.03%
8/25/2036
5,330,071
Merrill
Lynch
Alternative
Note
Asset
1,318,074
Series
2007-F1-2A6
..................................................
6.00%
3/25/2037
392,433
Merrill
Lynch
Mortgage
Investors,
Inc.
975,908
Series
2006-AF1-AF3B
................................................
6.25%
8/25/2036
335,123
MFRA
Trust
4,600,000
Series
2021-NQM2-M1
(b)(d)
..............................................
2.37%
11/25/2064
3,686,789
1,000,000
Series
2023-NQM3-M1
(b)(d)
..............................................
7.45%
7/25/2068
999,272
3,089,415
Series
2025-NQM3-A3
(b)(c)
..............................................
5.72%
8/25/2070
3,079,760
2,918,884
Series
2026-NQM1-A3
(b)(c)
..............................................
5.41%
2/25/2071
2,911,400
2,000,000
Series
2026-NQM1-M1
(b)(d)
..............................................
5.59%
2/25/2071
1,994,358
Morgan
Stanley
Mortgage
Loan
Trust
3,245,945
Series
2005-10-4A1
..................................................
5.50%
12/25/2035
1,744,869
Morgan
Stanley
Residential
Mortgage
Loan
Trust
1,500,000
Series
2025-NQM2-M1
(b)(d)
..............................................
6.52%
1/25/2070
1,506,634
2,000,000
Series
2026-NQM2-M1
(b)(d)
..............................................
5.48%
1/26/2071
1,960,156
New
Residential
Mortgage
Loan
Trust
2,300,000
Series
2019-NQM4-B1
(b)(d)
..............................................
3.74%
9/25/2059
2,049,001
DoubleLine
Selective
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
5
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
1,697,132
Series
2025-NQM6-A3
(b)(c)
..............................................
5.34%
10/25/2065
1,681,340
2,083,000
Series
2025-NQM6-M1
(b)(d)
..............................................
5.81%
10/25/2065
2,066,117
4,181,921
Series
2026-NQM1-A1
(b)(d)
..............................................
4.82%
11/25/2065
4,133,063
929,316
Series
2026-NQM1-A2
(b)(c)
..............................................
5.08%
11/25/2065
918,262
929,316
Series
2026-NQM1-A3
(b)(c)
..............................................
5.18%
11/25/2065
917,261
NMLT
Trust
4,500,000
Series
2021-INV2-B1
(b)(d)
...............................................
3.32%
8/25/2056
3,505,515
Nomura
Asset
Acceptance
Corp.
2,966,435
Series
2006-AP1-A2
(d)
.................................................
5.52%
1/25/2036
883,657
562,360
Series
2007-1-1A1A
(c)
.................................................
6.50%
3/25/2047
515,723
NYMT
Loan
Trust
1,375,920
Series
2026-INV1-A1
(b)(d)
...............................................
4.77%
2/25/2061
1,357,733
491,400
Series
2026-INV1-A2
(b)(c)
...............................................
5.05%
2/25/2061
485,312
491,400
Series
2026-INV1-A3
(b)(c)
...............................................
5.20%
2/25/2061
485,155
2,000,000
Series
2026-INV1-M1
(b)(d)
...............................................
5.77%
2/25/2061
1,969,735
Oceanview
Mortgage
Loan
Trust
3,767,823
Series
2026-1-A
(b)(d)
...................................................
5.10%
8/25/2055
3,706,900
Onslow
Bay
Mortgage
Loan
Trust
4,005,856
Series
2025-NQM2-A1
(b)(c)
..............................................
5.60%
11/25/2064
4,016,534
3,390,497
Series
2025-NQM6-A1
(b)(c)
..............................................
5.60%
3/25/2065
3,400,374
7,104,550
Series
2025-NQM7-A1
(b)(c)
..............................................
5.56%
5/25/2055
7,119,359
7,318,170
Series
2025-NQM8-A1
(b)(c)
..............................................
5.47%
3/25/2065
7,325,606
927,752
Series
2025-R1-A3
(b)(c)
.................................................
5.19%
9/25/2062
915,558
1,350,000
Series
2025-R1-M1
(b)(d)
................................................
5.75%
9/25/2062
1,338,272
954,690
Series
2026-NQM2-A1
(b)(d)
..............................................
4.82%
12/1/2065
947,871
9,591,016
Series
2026-NQM5-A1
(b)(d)
..............................................
5.32%
1/25/2066
9,577,656
Opteum
Mortgage
Acceptance
Corp.
5,869,501
Series
2006-2-A1C
(1
mo.
Term
SOFR
+
0.65%,
0.54%
Floor)
.....................
4.30%
7/25/2036
1,855,862
PR
Mortgage
Loan
Trust
247,983
Series
2014-1-APT
(b)(d)
.................................................
5.85%
10/25/2049
231,781
Pretium
Mortgage
Credit
Partners
LLC
5,219,471
Series
2025-NPL7-A1
(b)(c)
...............................................
5.66%
7/25/2055
5,226,307
PRKCM
Trust
4,923,837
Series
2026-AFC2-A1
(b)(d)
...............................................
5.37%
4/25/2061
4,911,790
Progress
Residential
Trust
10,000,000
Series
2025-SFR4-A
(b)
.................................................
4.30%
8/17/2042
9,751,561
10,000,000
Series
2025-SFR4-B
(b)
.................................................
4.70%
8/17/2042
9,741,266
12,650,000
Series
2025-SFR4-C
(b)
.................................................
5.05%
8/17/2042
12,374,208
6,989,107
Series
2025-SFR5-C
(b)
.................................................
4.00%
10/17/2042
6,547,605
PRPM
LLC
1,161,216
Series
2024-7-A1
(b)(c)
..................................................
5.87%
11/25/2029
1,162,799
1,000,000
Series
2024-NQM4-M1A
(b)(d)
.............................................
6.52%
12/26/2069
1,006,195
6,440,514
Series
2025-3-A1
(b)(c)
..................................................
6.26%
5/25/2030
6,443,047
8,684,837
Series
2025-4-A1
(b)(c)
..................................................
6.18%
6/25/2030
8,667,922
1,191,391
Series
2025-5-A1
(b)(c)
..................................................
5.73%
7/25/2030
1,187,783
9,513,459
Series
2025-6-A1
(b)(c)
..................................................
5.77%
8/25/2028
9,489,482
8,881,130
Series
2025-NQM2-A1
(b)(c)
..............................................
5.69%
4/25/2070
8,899,558
1,163,337
Series
2025-NQM5-A1
(b)(d)
..............................................
5.18%
10/25/2070
1,156,160
1,092,711
Series
2025-NQM5-A2
(b)(c)
..............................................
5.33%
10/25/2070
1,084,774
894,931
Series
2025-NQM5-A3
(b)(c)
..............................................
5.43%
10/25/2070
887,774
1,000,000
Series
2025-NQM5-B1
(b)(d)
..............................................
6.90%
10/25/2070
994,292
1,000,000
Series
2025-NQM5-M1
(b)(d)
..............................................
5.90%
10/25/2070
991,197
1,902,847
Series
2026-NQM1-A3
(b)(c)
..............................................
5.44%
2/25/2071
1,882,636
2,000,000
Series
2026-NQM1-M1
(b)(d)
..............................................
5.72%
2/25/2071
1,969,564
RALI
Trust
856,417
Series
2005-QS12-A3
.................................................
5.50%
8/25/2035
752,450
615,358
Series
2005-QS13-1A6
................................................
5.50%
9/25/2035
486,933
308,752
Series
2006-QS12-1A1
................................................
6.50%
9/25/2036
114,682
1,240,806
Series
2006-QS12-2A12
(1
mo.
Term
SOFR
+
0.31%,
0.20%
Floor,
7.50%
Cap)
........
3.96%
9/25/2036
909,622
1,240,806
Series
2006-QS12-2A13
(f)(g)
.............................................
3.66%
9/25/2036
164,689
1,709,836
Series
2006-QS18-1A1
(1
mo.
Term
SOFR
+
0.71%,
0.60%
Floor,
6.25%
Cap)
.........
4.36%
12/25/2036
1,519,620
1,299,714
Series
2006-QS18-1A4
................................................
6.25%
12/25/2036
1,232,754
1,472,162
Series
2006-QS3-1A14
................................................
6.00%
3/25/2036
1,334,027
469,377
Series
2006-QS7-A2
..................................................
6.00%
6/25/2036
374,369
481,151
Series
2007-QS11-A1
.................................................
7.00%
10/25/2037
384,722
DoubleLine
Selective
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
6
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
3,576,025
Series
2007-QS1-1A2
(-1
x
1
mo.
Term
SOFR
+
5.34%,
0.00%
Floor,
5.45%
Cap)
(e)(f)
.....
1.69%
1/25/2037
256,666
3,763,855
Series
2007-QS1-1A5
(1
mo.
Term
SOFR
+
0.66%,
0.55%
Floor,
6.00%
Cap)
..........
4.31%
1/25/2037
2,866,310
256,944
Series
2007-QS5-A1
..................................................
5.50%
3/25/2037
213,115
RBSGC
Mortgage
Pass
Through
Certificates
354,988
Series
2007-A-2A4
...................................................
6.25%
1/25/2037
325,990
Renaissance
NIM
Trust
15,336,140
Series
2006-2-AF2
(c)
..................................................
5.76%
8/25/2036
4,974,243
9,024,934
Series
2006-3-AF4
(c)
..................................................
5.81%
11/25/2036
2,788,855
Residential
Asset
Securitization
Trust
4,189,720
Series
2006-A12-A1
..................................................
6.25%
11/25/2036
1,382,563
933,628
Series
2006-A8-1A1
..................................................
6.00%
8/25/2036
639,166
Santander
Mortgage
Asset
Receivable
Trust
4,097,650
Series
2025-NQM5-M1
(b)(d)
..............................................
6.04%
8/25/2065
4,075,485
Securitized
Asset
Backed
Receivables
LLC
7,081,479
Series
2006-NC1-A3
(1
mo.
Term
SOFR
+
0.65%,
0.54%
Floor)
....................
4.30%
3/25/2036
6,660,662
Sequoia
Mortgage
Trust
133,244
Series
2013-9-AP
(b)(h)
..................................................
0.00%
7/25/2043
94,637
SGR
Residential
Mortgage
Trust
1,000,000
Series
2026-1-M1
(b)(d)
..................................................
5.54%
1/25/2066
985,096
Starwood
Mortgage
Residential
Trust
290,694
Series
2020-3-A1
(b)(d)
..................................................
1.49%
4/25/2065
287,043
Structured
Adjustable
Rate
Mortgage
Loan
Trust
1,891,373
Series
2005-17-5A1
(d)
.................................................
4.60%
8/25/2035
926,462
835,233
Series
2005-22-4A1
(d)
.................................................
5.20%
12/25/2035
776,319
602,584
Series
2008-1-A2
(d)
...................................................
4.34%
10/25/2037
488,410
Structured
Asset
Mortgage
Investments,
Inc.
1,783,506
Series
2006-AR6-1A1
(1
mo.
Term
SOFR
+
0.47%,
0.36%
Floor,
10.50%
Cap)
.........
4.12%
7/25/2046
1,603,199
1,820,217
Series
2006-AR6-1A3
(1
mo.
Term
SOFR
+
0.49%,
0.38%
Floor,
10.50%
Cap)
.........
4.14%
7/25/2046
1,499,613
3,422,156
Series
2006-AR7-A1A
(1
mo.
Term
SOFR
+
0.53%,
0.42%
Floor,
10.50%
Cap)
.........
4.18%
8/25/2036
2,884,226
3,062,250
Series
2007-AR3-2A1
(1
mo.
Term
SOFR
+
0.49%,
0.38%
Floor,
10.50%
Cap)
.........
4.14%
9/25/2047
2,867,661
Structured
Asset
Securities
Corp.
4,500,000
Series
2007-BC4-M1
(1
mo.
Term
SOFR
+
0.61%,
0.50%
Floor)
....................
4.26%
11/25/2037
3,731,214
10,279,258
Series
2007-RF1-1A
(1
mo.
Term
SOFR
+
0.30%,
0.19%
Floor)
(b)
...................
3.95%
3/25/2037
8,593,390
TBW
Mortgage
Backed
Pass
Through
Certificates
3,746,021
Series
2007-1-A7A
(c)
..................................................
6.61%
3/25/2037
2,921,633
Tricon
Residential
Trust
15,513,604
Series
2025-SFR2-A
(b)
.................................................
5.20%
8/17/2044
15,412,174
Velocity
Commercial
Capital
Loan
Trust
496,804
Series
2019-1-M6
(b)(d)
..................................................
6.79%
3/25/2049
429,639
259,868
Series
2019-2-M5
(b)(d)
..................................................
4.93%
7/25/2049
225,554
941,950
Series
2019-2-M6
(b)(d)
..................................................
6.30%
7/25/2049
811,941
653,941
Series
2020-1-M6
(b)(d)
..................................................
5.69%
2/25/2050
532,615
1,250,542
Series
2021-1-M3
(b)(d)
..................................................
2.57%
5/25/2051
978,563
2,857,085
Series
2021-1-M4
(b)(d)
..................................................
2.85%
5/25/2051
2,190,955
2,793,355
Series
2021-2-M4
(b)(d)
..................................................
3.08%
8/25/2051
2,135,768
7,463,303
Series
2025-1-A
(b)(d)
...................................................
6.03%
2/25/2055
7,513,144
7,440,603
Series
2025-3-A
(b)(d)
...................................................
5.87%
6/25/2055
7,462,315
7,554,080
Series
2025-5-A
(b)(d)
...................................................
5.32%
12/25/2055
7,488,098
Vericrest
Opportunity
Loan
Transferee
2,882,145
Series
2021-NP12-A1
(b)(c)
...............................................
6.73%
12/26/2051
2,886,448
Verus
Securitization
Trust
6,685,000
Series
2021-6-B1
(b)(d)
..................................................
4.05%
10/25/2066
5,428,404
2,073,000
Series
2021-R2-B1
(b)(d)
.................................................
3.25%
2/25/2064
1,777,265
4,924,555
Series
2024-9-A1
(b)(d)
..................................................
5.44%
11/25/2069
4,933,609
775,438
Series
2025-10-A3
(b)(c)
.................................................
5.37%
6/25/2070
771,412
8,020,014
Series
2025-4-A1
(b)(c)
..................................................
5.45%
5/25/2070
8,038,197
2,036,000
Series
2025-5-M1
(b)(d)
..................................................
6.01%
6/25/2070
2,031,981
714,302
Series
2025-R1-A3
(b)(c)
.................................................
5.77%
5/25/2065
715,008
2,000,000
Series
2026-3-M1
(b)(d)
..................................................
5.55%
3/25/2071
1,966,305
465,370
Series
2026-R1-A1
(b)(d)
.................................................
4.83%
10/25/2067
459,758
232,686
Series
2026-R1-A2
(b)(c)
.................................................
5.03%
10/25/2067
229,248
232,686
Series
2026-R1-A3
(b)(c)
.................................................
5.19%
10/25/2067
229,255
1,246,000
Series
2026-R2-M1
(b)(d)
................................................
5.50%
10/25/2067
1,223,742
2,847,689
Series
2026-R3-A1
(b)(d)
.................................................
5.19%
2/27/2068
2,837,485
DoubleLine
Selective
Credit
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
7
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
3,000,000
Series
2026-R3-M1
(b)(d)
................................................
6.03%
2/27/2068
2,990,313
WaMu
Mortgage
Pass
Through
Certificates
4,452,857
Series
2006-AR11-1A
(12
Month
US
Treasury
Average
+
0.96%,
0.96%
Floor)
..........
4.70%
9/25/2046
3,777,244
6,914,392
Series
2006-AR18-1A1
(d)
...............................................
3.48%
1/25/2037
6,082,248
5,468,393
Series
2007-HY7-3A1
(d)
................................................
4.04%
7/25/2037
5,120,654
Washington
Mutual
Alternative
Mortgage
Pass-Through
Certificates
1,562,021
Series
2005-10-2A8
..................................................
6.00%
11/25/2035
1,534,581
2,134,324
Series
2006-5-2CB6
..................................................
6.00%
7/25/2036
1,531,929
1,486,691
Series
2007-2-1A6
...................................................
6.00%
4/25/2037
1,249,845
88,148
Series
2007-4-1A1
...................................................
5.50%
6/25/2037
85,555
Wells
Fargo
Mortgage
Backed
Securities
Trust
237,020
Series
2006-AR4-2A1
(d)
................................................
5.70%
4/25/2036
236,821
1,424,342
Series
2007-7-A1
....................................................
6.00%
6/25/2037
1,317,799
Woodward
Capital
Management
1,000,000
Series
2026-CES6-A1A
(b)(c)
..............................................
5.32%
6/25/2056
1,002,036
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$837,718,548)
707,473,501
SHARES
SHORT
TERM
INVESTMENTS
-
2.0%
4,901,343
BNY
Dreyfus
Government
Cash
Management
-
Institutional
(i)
......................
3.54%
4,901,343
4,757,185
MSILF
Government
Portfolio
-
Institutional
(i)
..................................
3.56%
4,757,185
4,757,185
Northern
Institutional
Funds
-Treasury
Portfolio
-
SHR
(i)
..........................
3.56%
4,757,185
Total
Short
Term
Investments
(Cost
$14,415,713)
14,415,713
Total
Investments
-
100.6%
(j)
(Cost
$852,483,386)
722,024,314
Other
Liabilities
in
Excess
of
Assets
-
(0.6)%
(4,013,027)
NET
ASSETS
-
100.0%
$718,011,287
(a)
Represents
less
than
0.05%
of
net
assets.
(b)
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
469,843,031
or
65.44%
of
the
Fund’s
net
assets.
(c)
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.
(d)
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.
(e)
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.
(f)
Interest
only
security
(g)
Coupon
rate
is
variable
or
floats
based
on
components
including
but
not
limited
to
reference
rate
and
spread.
These
securities
may
not
indicate
a
reference
rate
and/or
spread
in
their
description.
The
rate
disclosed
is
as
of
period
end.
(h)
Principal
only
security
(i)
Seven-day
yield
as
of
period
end.
(j)
100.0%
of
the
total
investments
are
based
in
the
United
States.
MSILF
Morgan
Stanley
Institutional
Liquidity
Funds
SOFR
Secured
Overnight
Financing
Rate