DoubleLine
Yield
Opportunities
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
-
1.1%
AB
Issuer
LLC
250,000
Series
2026-1A-A2
(a)
..................................................
6.41%
4/30/2056
251,786
Apollo
Aviation
Securitization
Equity
Trust
344,218
Series
2024-1A-B
(a)
...................................................
6.90%
5/16/2049
346,957
262,970
Series
2024-2A-B
(a)
...................................................
6.61%
9/16/2049
262,886
AVANT
Loans
Funding
Trust
725,000
Series
2025-REV1-D
(a)
.................................................
8.39%
5/15/2034
729,461
Blue
Stream
Communications
LLC
2,500,000
Series
2023-1A-C
(a)
...................................................
8.90%
5/20/2053
2,531,365
Compass
Datacenters
LLC
750,000
Series
2024-1A-B
(a)
...................................................
7.00%
2/25/2049
758,115
GreenSky
LLC
800,000
Series
2025-3A-E
(a)
...................................................
7.83%
12/27/2060
812,168
JetBlue
Airways
Corp.
664,127
Series  2019-1
B
.....................................................
8.00%
5/15/2029
648,256
JOL
Air
Ltd.
332,764
Series
2019-1-B
(a)
....................................................
4.95%
4/15/2044
329,467
MACH
1
Cayman
Ltd.
50,918
Series
2019-1-B
(a)
....................................................
4.34%
10/15/2039
50,892
Marlette
Funding
Trust
8,192
Series
2021-1A-R
(a)(b)(c)
.................................................
0.00%
6/16/2031
27,498
ORYX
Funding
LLC
250,000
Series
2026-1A-A2
(a)
..................................................
6.30%
6/5/2056
251,137
Pagaya
AI
Debt
Selection
Trust
2,425,852
Series
2021-3-CERT
(a)(b)(c)
..............................................
0.00%
5/15/2029
3,425
SOFI
Alternative
Trust
55,000
Series
2021-2-R1
(a)(b)(c)
.................................................
0.00%
8/15/2030
158,391
SOFI
Professional
Loan
Program
LLC
20,000
Series
2018-C-R1
(a)(b)(c)
................................................
0.00%
1/25/2048
160,541
Switch
Ltd.
1,000,000
Series
2024-2A-C
(a)
...................................................
10.03%
6/25/2054
1,015,644
Upstart
Securitization
Trust
3,300
Series
2021-5-CERT
(a)(b)(c)
..............................................
0.00%
11/20/2031
130,786
Total
Asset
Backed
Obligations
(Cost
$8,106,621)
8,468,775
BANK
LOANS
-
20.5%
1261229
BC
Ltd.
2,425,500
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
6.25%,
0.00%
Floor)
.........
9.92%
10/8/2030
2,357,659
Acrisure
LLC
1,546,096
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
6/21/2032
1,401,922
ADMI
Corp.
1,099,038
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.53%
12/23/2027
988,563
892,125
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.75%,
0.00%
Floor)
.........
9.42%
12/23/2027
841,385
Alera
Group,
Inc.
1,455,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.50%,
0.00%
Floor)
......
9.18%
5/31/2033
1,388,921
Applied
Systems,
Inc.
1,440,000
Senior
Secured
Second
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
......
8.20%
2/23/2032
1,426,500
Apro
LLC
1,491,179
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.43%
7/9/2031
1,495,526
Asurion
LLC
329,720
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
......
9.18%
1/22/2029
326,752
Atlas
OpCo
LLC
141,917
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
6.50%,
0.00%
Floor)
.........
10.30%
10/24/2030
127,725
Aveanna
Healthcare
LLC
2,905,400
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.87%
9/17/2032
2,921,075
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
2
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Bausch
+
Lomb
Corp.
2,907,027
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.42%
1/15/2031
2,917,565
Boxer
Parent
Co.,
Inc.
4,235,000
Senior
Secured
Second
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.75%,
0.00%
Floor)
......
9.42%
7/30/2032
3,643,858
Calcasieu
Pass
Funding
LLC
1,095,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.95%
4/11/2033
1,099,490
Central
Parent
LLC
691,936
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.95%
7/6/2029
359,288
Clydesdale
Acquisition
Holdings,
Inc.
1,576,020
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
4/1/2032
1,517,573
Columbus
McKinnon
Corp./NY
1,950,361
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
2/3/2033
1,949,142
Constant
Contact,
Inc.
4,500,000
Senior
Secured
Second
Lien
Term
Loan
(3
mo.
Term
SOFR
+
7.50%,
0.00%
Floor)
......
11.43%
2/12/2029
4,185,000
Cornerstone
Building
Brands,
Inc.
515,813
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.17%
5/15/2031
267,707
Cotiviti,
Inc.
827,893
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
2.75%,
0.00%
Floor)
.........
6.41%
5/1/2031
759,336
Crown
Finance
US,
Inc.
4,356,043
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.17%
12/2/2031
4,373,010
Dayforce
Bidco
LLC
3,055,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.66%
2/4/2033
2,794,470
DexKo
Global,
Inc.
708,258
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.16%
10/9/2031
688,024
799,253
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.00%,
0.00%
Floor)
.........
8.66%
10/9/2031
778,021
DG
Investment
Intermediate
Holdings
2,
Inc.
4,470,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.50%,
0.00%
Floor)
......
9.17%
7/29/2033
4,509,113
Directv
Financing
LLC
2,672,271
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
.........
9.18%
8/2/2029
2,690,656
Eagle
Parent
Corp.
3,660,284
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
4/2/2029
3,686,821
Edelman
Financial
Engines
Center
LLC
4,590,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.65%
11/28/2031
4,608,291
Eisner
Advisory
Group
LLC
1,504,110
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
2/28/2031
1,480,405
Element
Materials
Technology
Group
US
Holdings,
Inc.
221,985
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
6/25/2029
223,464
Ellucian
Holdings,
Inc.
620,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.75%,
0.00%
Floor)
......
8.42%
11/22/2032
600,293
Fertitta
Entertainment
LLC/NV
1,895,546
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
1/29/2029
1,895,754
Flynn
America
LP
1,038,375
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.28%
7/31/2028
1,035,779
Gainwell
Acquisition
Corp.
4,377,866
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.80%
10/1/2027
4,319,509
Golden
State
Foods
LLC
1,335,827
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
12/4/2031
1,339,654
Groupe
Solmax,
Inc.
969,636
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.75%,
0.00%
Floor)
.........
8.53%
7/24/2028
899,885
Hexion
Holdings
Corp.
1,536,127
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
3/15/2029
1,488,123
INEOS
US
Finance
LLC
3,308,034
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.92%
2/19/2030
3,054,969
INEOS
US
Petrochem
LLC
992,163
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
8.02%
3/29/2029
877,756
1,713,313
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.92%
10/7/2031
1,446,687
ION
Platform
Finance
US,
Inc.
3,147,113
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
9/30/2032
2,277,723
LBM
Acquisition
LLC
2,406,993
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.52%
6/6/2031
2,025,316
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
3
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Lereta
LLC
365,324
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
.........
9.03%
8/7/2028
345,232
LifePoint
Health,
Inc.
265,285
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.15%
5/19/2031
261,042
1,466,525
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.42%
5/19/2031
1,446,602
Mativ
Holdings,
Inc.
2,080,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.16%
4/4/2033
2,085,200
MH
Sub
I
LLC
1,794,290
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.92%
12/31/2031
1,559,687
Michaels
Cos.,
Inc.
2,275,000
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.00%,
0.00%
Floor)
.........
8.67%
3/7/2033
2,268,459
Mitchell
International,
Inc.
3,310,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
......
8.92%
6/17/2032
3,056,785
Motion
Finco
Sarl
3,438,158
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.20%
11/30/2029
2,941,052
Natgasoline
LLC
2,106,357
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.50%,
0.00%
Floor)
.........
9.17%
3/29/2030
2,111,622
Needle
Holdings
LLC
1,045
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
580,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
0.00%
7/31/2031
580,847
Numericable
US
LLC
2,254,608
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
6.88%,
0.00%
Floor)
.........
10.55%
5/15/2031
2,306,464
OAK-Eagle
Acquireco,
Inc.
2,180,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
0.00%
3/24/2033
2,187,826
OEP
Glass
Purchaser
LLC
1,629,375
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.70%
3/2/2033
1,628,365
OneDigital
Borrower
LLC
2,570,000
Senior
Secured
Second
Lien
Term
Loan
(1
mo.
Term
SOFR
+
5.25%,
0.00%
Floor)
......
8.92%
7/2/2032
2,492,900
Ontario
Gaming
GTA
LP
2,236,111
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
8/1/2030
2,135,050
PetSmart
LLC
2,296,150
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
8/18/2032
2,296,632
Pioneer
Opco,
LLC
535,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.25%,
0.00%
Floor)
.........
6.88%
5/16/2033
537,723
Pregis
TopCo
LLC
2,824,250
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.67%
2/1/2029
2,835,589
Pretzel
Parent
T/L
B
3,888,219
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.17%
10/1/2031
3,719,082
Radiology
Partners,
Inc.
3,965,038
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.20%
6/30/2032
3,969,161
RealPage,
Inc.
1,487,469
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
4/24/2028
1,402,467
Sabre
GLBL,
Inc.
766,490
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
6.00%,
0.00%
Floor)
.........
9.77%
11/15/2029
687,541
Sgh2
LLC
2,421,700
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.50%,
0.00%
Floor)
.........
8.20%
8/18/2032
2,424,727
Staples,
Inc.
618,975
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.75%,
0.00%
Floor)
.........
9.41%
9/10/2029
576,612
StubHub
Holdco
Sub
LLC
1,096,451
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.75%,
0.00%
Floor)
.........
8.42%
3/15/2030
1,105,015
Sword
Purchaser
LLC
1,415,000
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.66%
4/11/2033
1,382,611
Team
Health
Holdings,
Inc.
2,148,354
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.66%
6/30/2028
2,154,026
Townsquare
Media,
Inc.
2,876,260
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
5.00%,
0.00%
Floor)
.........
8.59%
2/19/2030
2,128,893
Trident
TPI
Holdings,
Inc.
2,680,381
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
9/18/2028
2,577,629
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
4
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
UKG,
Inc.
2,716,316
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
2.50%,
0.00%
Floor)
.........
6.17%
2/10/2031
2,564,447
United
Natural
Foods,
Inc.
810,134
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.64%
5/1/2031
818,235
Univision
Communications,
Inc.
476,354
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
7.28%
1/31/2029
473,825
1,828,768
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
6/25/2029
1,829,682
Veritiv
Operating
Co.
2,314,563
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
4.00%,
0.00%
Floor)
.........
7.70%
11/29/2030
2,193,430
Vibrantz
Technologies,
Inc.
264,450
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
0.00%
4/30/2030
147,903
440,750
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
0.00%
4/30/2030
67,214
Victra
Holdings
LLC
4,790,810
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.75%,
0.00%
Floor)
.........
7.45%
3/29/2029
4,748,890
Voyager
Parent
LLC
3,940,449
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
4.25%,
0.00%
Floor)
.........
7.95%
7/1/2032
3,947,778
VT
Topco,
Inc.
877,629
Senior
Secured
First
Lien
Term
Loan
(3
mo.
Term
SOFR
+
3.00%,
0.00%
Floor)
.........
6.67%
8/9/2030
862,341
Zayo
Group
Holdings,
Inc.
641,446
Senior
Secured
First
Lien
Term
Loan
(1
mo.
Term
SOFR
+
3.50%,
0.00%
Floor)
.........
0.50%
3/11/2030
642,087
Total
Bank
Loans
(Cost
$155,455,967)
150,569,383
COLLATERALIZED
LOAN
OBLIGATIONS
-
6.5%
Babson
CLO
Ltd./Cayman
Islands
1,500,000
Series
2019-2A-D1RR
(3
mo.
Term
SOFR
+
2.90%,
2.90%
Floor)
(a)
.................
6.57%
1/15/2038
1,506,901
Bain
Capital
Credit
CLO
Ltd.
1,250,000
Series
2022-3A-E
(3
mo.
Term
SOFR
+
7.35%,
7.35%
Floor)
(a)
.....................
11.03%
7/17/2035
1,090,945
Basswood
Park
CLO
Ltd.
500,000
Series
2021-1A-DR
(3
mo.
Term
SOFR
+
2.65%,
2.65%
Floor)
(a)
...................
6.33%
4/20/2034
469,535
Canyon
Capital
CLO
Ltd.
1,850,000
Series
2020-2A-ER2
(3
mo.
Term
SOFR
+
5.75%,
5.75%
Floor)
(a)
...................
9.42%
10/15/2034
1,607,027
1,000,000
Series
2021-1A-E
(3
mo.
Term
SOFR
+
6.67%,
6.41%
Floor)
(a)
.....................
10.34%
4/15/2034
874,327
2,000,000
Series
2021-3A-ER
(3
mo.
Term
SOFR
+
6.00%,
6.00%
Floor)
(a)
....................
9.67%
7/15/2034
1,726,549
Carlyle
Global
Market
Strategies
1,500,000
Series
2019-1A-DR2
(3
mo.
Term
SOFR
+
6.25%,
6.25%
Floor)
(a)
...................
9.93%
4/20/2031
1,472,060
1,000,000
Series
2020-2A-CR2
(3
mo.
Term
SOFR
+
2.90%,
2.90%
Floor)
(a)
...................
6.57%
1/25/2035
984,511
Dryden
Senior
Loan
Fund
2,000,000
Series
2017-54A-E
(3
mo.
Term
SOFR
+
6.46%,
0.00%
Floor)
(a)
....................
10.14%
10/19/2029
1,989,998
Katayma
CLO
Ltd.
1,000,000
Series
2024-2A-E
(3
mo.
Term
SOFR
+
7.33%,
7.33%
Floor)
(a)
.....................
11.01%
4/20/2037
1,001,262
LCM
LP
1,750,000
Series
33A-D
(3
mo.
Term
SOFR
+
3.46%,
3.20%
Floor)
(a)
........................
7.14%
7/20/2034
1,678,123
Octagon
Investment
Partners
Ltd.
1,500,000
Series
2019-1A-ER
(3
mo.
Term
SOFR
+
7.26%,
7.00%
Floor)
(a)
....................
10.94%
1/20/2035
1,248,969
6,107,500
Series
2019-1A-INC
(a)(b)(c)(e)
..............................................
0.00%
10/15/2038
2,012,116
4,000,000
Series
2021-1A-E
(3
mo.
Term
SOFR
+
6.76%,
6.50%
Floor)
(a)
.....................
10.43%
4/15/2034
3,215,412
RR
Ltd./Cayman
Islands
5,000,000
Series
2017-2A-DR
(3
mo.
Term
SOFR
+
6.06%,
5.80%
Floor)
(a)
...................
9.73%
4/15/2036
4,677,647
Sound
Point
CLO
Ltd.
3,000,000
Series
2020-1A-ER
(3
mo.
Term
SOFR
+
7.12%,
7.12%
Floor)
(a)
....................
10.80%
7/20/2034
2,517,620
4,000,000
Series
2020-2A-ER
(3
mo.
Term
SOFR
+
6.82%,
6.56%
Floor)
(a)
....................
10.49%
10/25/2034
3,296,100
7,000,000
Series
2021-2A-E
(3
mo.
Term
SOFR
+
6.62%,
6.36%
Floor)
(a)
.....................
10.29%
7/25/2034
5,680,736
2,000,000
Series
2021-3A-E
(3
mo.
Term
SOFR
+
6.87%,
6.61%
Floor)
(a)
.....................
10.54%
10/25/2034
1,460,014
7,000,000
Series
2021-4A-E
(3
mo.
Term
SOFR
+
6.96%,
6.96%
Floor)
(a)
.....................
10.63%
10/25/2034
4,623,889
Voya
CLO
Ltd.
2,000,000
Series
2013-3A-DR
(3
mo.
Term
SOFR
+
6.16%,
5.90%
Floor)
(a)
...................
9.84%
10/18/2031
1,991,684
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
5
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
Wind
River
CLO
Ltd.
2,500,000
Series
2017-3A-ER
(3
mo.
Term
SOFR
+
7.31%,
7.05%
Floor)
(a)
....................
10.98%
4/15/2035
2,401,540
Total
Collateralized
Loan
Obligations
(Cost
$55,387,024)
47,526,965
FOREIGN
CORPORATE
BONDS
-
11.6%
1,500,000
AL
Candelaria
Spain
SA
...............................................
5.75%
6/15/2033
1,390,043
470,827
Alpha
Holding
SA
de
CV
(d)(f)
.............................................
10.00%
12/19/2022
4,237
942,731
Alpha
Holding
SA
de
CV
(a)(d)(f)
............................................
9.00%
2/10/2025
8,485
2,356,827
Alpha
Holding
SA
de
CV
(d)(f)
.............................................
9.00%
2/10/2025
21,211
1,650,000
Avianca
Midco
2
PLC
.................................................
9.63%
2/14/2030
1,636,542
800,000
Avianca
Midco
2
PLC
(a)
................................................
9.50%
1/28/2031
788,600
1,950,000
Azul
Secured
Finance
LLP
(a)
.............................................
9.88%
2/15/2031
1,870,027
800,000
Azule
Energy
Finance
PLC
.............................................
8.63%
1/22/2033
801,431
1,900,000
Azule
Energy
Finance
PLC
(a)
............................................
8.63%
1/22/2033
1,903,398
2,400,000
BRF
SA
...........................................................
5.75%
9/21/2050
1,867,358
3,218,000
Cosan
Overseas
Ltd.
(g)
................................................
8.25%
8/5/2026
3,189,038
600,000
CSN
Resources
SA
...................................................
8.88%
12/5/2030
448,611
2,200,000
CSN
Resources
SA
...................................................
4.63%
6/10/2031
1,359,388
1,700,000
CSN
Resources
SA
...................................................
5.88%
4/8/2032
1,049,759
325,000
EG
Global
Finance
PLC
(a)
..............................................
12.00%
11/30/2028
345,328
600,000
EnfraGen
Energia
Sur
SAU/
EnfraGen
Chile
SpA/
EnfraGen
Spain
SAU
(a)
.............
8.50%
6/30/2032
627,000
808,000
Fideicomiso
Irrevocable
de
Administracion
y
Fuente
de
Pago
Numero
CIB/4323
(2.00%
PIK)
(a)(d)
.......................................................
11.00%
9/12/2030
350,470
1,043,140
Fideicomiso
PA
Pacifico
Tres
............................................
8.25%
1/15/2035
1,067,758
1,750,000
Frontera
Energy
Corp.
(a)
................................................
7.88%
6/21/2028
1,744,829
1,250,000
FS
Luxembourg
Sarl
..................................................
8.63%
6/25/2033
1,197,350
1,500,000
FS
Luxembourg
Sarl
(a)
.................................................
8.63%
6/25/2033
1,436,820
200,000
FS
Luxembourg
Sarl
(a)
.................................................
8.13%
2/11/2036
181,655
1,925,000
Garda
World
Security
Corp.
(a)
............................................
8.25%
8/1/2032
1,971,652
1,725,000
Garda
World
Security
Corp.
(a)
............................................
8.38%
11/15/2032
1,766,441
2,250,000
Geopark
Ltd.
.......................................................
8.75%
1/31/2030
2,233,143
3,340,000
Global
Aircraft
Leasing
Co.
Ltd.
(a)
.........................................
8.75%
9/1/2027
3,398,774
2,271,000
Gran
Tierra
Energy,
Inc.
(a)
...............................................
9.75%
4/15/2031
1,994,419
1,500,000
Grupo
Televisa
SAB
..................................................
5.00%
5/13/2045
1,027,020
1,500,000
Grupo
Televisa
SAB
..................................................
5.25%
5/24/2049
1,026,172
2,900,000
Indika
Energy
Tbk
PT
.................................................
8.75%
5/7/2029
2,933,190
1,000,000
Infraestructura
Energetica
Nova
SAPI
de
CV
.................................
4.75%
1/15/2051
750,365
1,500,000
J&F
Luxembourg
Finance
Sarl
(a)
..........................................
8.50%
12/1/2032
1,496,250
2,675,000
Mexarrend
SAPI
de
CV
(d)(f)
..............................................
10.25%
7/24/2024
16,050
1,600,000
Mongolian
Mining
Corp.
................................................
8.44%
4/3/2030
1,632,550
4,300,000
Motion
Finco
Sarl
(a)
...................................................
8.38%
2/15/2032
3,635,073
2,600,000
Ontario
Gaming
GTA
LP/OTG
Co.-Issuer,
Inc.
(a)
...............................
8.00%
8/1/2030
2,578,049
438,000
Operadora
de
Servicios
Mega
SA
de
CV
Sofom
ER
(a)(d)(f)
.........................
8.25%
2/11/2025
3,723
3,302,000
Operadora
de
Servicios
Mega
SA
de
CV
Sofom
ER
(d)(f)
..........................
8.25%
2/11/2025
28,067
5,100,000
Orbia
Advance
Corp.
SAB
de
CV
.........................................
5.50%
1/15/2048
3,834,481
800,000
Pampa
Energia
SA
(a)
..................................................
7.75%
11/14/2037
819,680
1,100,000
Pampa
Energia
SA
...................................................
7.75%
11/14/2037
1,127,060
630,000
Pan
American
Energy
LLC/Argentina
(a)
.....................................
7.75%
1/15/2037
651,263
600,000
Parex
Resources,
Inc.
(a)
................................................
8.50%
5/11/2031
609,900
3,000,000
Prosus
NV
.........................................................
3.83%
2/8/2051
2,005,177
2,800,000
Saavi
Energia
Sarl
(a)
..................................................
8.88%
2/10/2035
3,066,700
200,000
Saavi
Energia
Sarl
...................................................
8.88%
2/10/2035
219,050
530,000
Seaspan
Corp.
(a)
.....................................................
5.50%
8/1/2029
520,393
1,600,000
SierraCol
Energy
Andina
LLC/SierraCol
Energy
Arauca/Colombia
Energy
Development
(a)
..
9.00%
11/14/2030
1,573,496
600,000
SierraCol
Energy
Andina
LLC/SierraCol
Energy
Arauca/Colombia
Energy
Development
...
9.00%
11/14/2030
590,061
4,150,000
Simpar
Europe
SA
...................................................
5.20%
1/26/2031
3,477,576
3,000,000
Telecom
Argentina
SA
(a)
................................................
8.50%
1/20/2036
3,142,300
427,053
Unigel
Luxembourg
SA
(13.50%
Cash
or
15.00%
PIK)
(d)
.........................
13.50%
12/31/2027
25,623
304,068
Unigel
Luxembourg
SA
(13.50%
Cash
or
15.00%
PIK)
(a)(d)
........................
13.50%
12/31/2027
18,244
366,007
Unigel
Luxembourg
SA
(11.00%
Cash
or
12.00%
PIK)
(a)(d)
........................
11.00%
12/31/2028
10,980
1,573,848
Unigel
Luxembourg
SA
(11.00%
Cash
or
12.00%
PIK)
(d)
.........................
11.00%
12/31/2028
47,215
2,055,975
Unigel
Netherlands
Holding
Corp.
BV
(15.00%
Cash
or
15.00%
PIK)
(d)
...............
15.00%
12/31/2044
41,120
3,400,000
Vamos
Europe
SA
(a)
..................................................
9.20%
1/26/2031
3,242,580
3,200,000
Vedanta
Resources
Finance
II
PLC
(a)
.......................................
9.13%
10/15/2032
3,287,704
600,000
Vedanta
Resources
Finance
II
PLC
........................................
9.85%
4/24/2033
651,003
2,400,000
Vista
Energy
Argentina
SAU
(a)
...........................................
8.50%
6/10/2033
2,561,880
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
6
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
2,330,000
Volcan
Cia
Minera
SAA
(a)
...............................................
8.50%
10/28/2032
2,414,929
900,000
VZ
Secured
Financing
BV
(a)
.............................................
7.50%
1/15/2033
862,214
789,360
Yinson
Bergenia
Production
BV
(a)
.........................................
8.50%
1/31/2045
843,826
Total
Foreign
Corporate
Bonds
(Cost
$97,313,822)
85,424,731
FOREIGN
GOVERNMENT
BONDS,
FOREIGN
AGENCIES
AND
FOREIGN
GOVERNMENT
SPONSORED
CORPORATIONS
-
5.4%
5,400,000
Brazilian
Government
International
Bond
....................................
4.75%
1/14/2050
4,006,800
3,250,000
Chile
Government
International
Bond
......................................
3.10%
1/22/2061
2,041,975
3,500,000
Colombia
Government
International
Bond
...................................
5.00%
6/15/2045
2,803,325
4,200,000
Comision
Federal
de
Electricidad
.........................................
4.68%
2/9/2051
3,043,196
200,000
Corp.
Nacional
del
Cobre
de
Chile
........................................
3.70%
1/30/2050
140,135
1,550,000
Corp.
Nacional
del
Cobre
de
Chile
........................................
3.15%
1/15/2051
995,246
2,365,000
Ecopetrol
SA
.......................................................
5.88%
5/28/2045
1,955,248
3,150,000
Ecopetrol
SA
.......................................................
5.88%
11/2/2051
2,527,156
6,500,000
Mexico
Government
International
Bond
.....................................
3.75%
4/19/2071
3,750,500
3,400,000
Morocco
Government
International
Bond
....................................
4.00%
12/15/2050
2,456,581
1,450,000
OCP
SA
...........................................................
5.13%
6/23/2051
1,175,593
550,000
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara
....................
4.00%
6/30/2050
383,234
4,650,000
Peruvian
Government
International
Bond
....................................
2.78%
12/1/2060
2,550,060
1,800,000
Petroleos
del
Peru
SA
.................................................
5.63%
6/19/2047
1,288,179
3,350,000
Petroleos
Mexicanos
..................................................
6.38%
1/23/2045
2,858,089
1,800,000
Petroleos
Mexicanos
..................................................
6.75%
9/21/2047
1,542,114
606,667
Port
Of
Spain
Waterfront
Development
.....................................
7.88%
2/19/2040
635,180
933,333
Port
Of
Spain
Waterfront
Development
(a)
....................................
7.88%
2/19/2040
977,200
400,000
Republic
of
South
Africa
Government
International
Bond
.........................
5.00%
10/12/2046
314,349
1,250,000
Republic
of
South
Africa
Government
International
Bond
.........................
5.65%
9/27/2047
1,061,223
950,000
YPF
SA
(a)
..........................................................
8.25%
1/17/2034
995,162
2,450,000
YPF
SA
...........................................................
7.00%
12/15/2047
2,297,717
Total
Foreign
Government
Bonds,
Foreign
Agencies
and
Foreign
Government
Sponsored
Corporations
(Cost
$41,839,007)
39,798,262
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
-
20.9%
1345
Trust
1,000,000
Series
2025-AOA-D
(1
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
...................
6.63%
6/15/2042
1,003,127
Acore
Issuer
LLC
2,330,000
Series
2026-FL1-D
(1
mo.
Term
SOFR
+
2.75%,
2.75%
Floor)
(a)
....................
6.39%
8/20/2043
2,335,811
ACREC
Trust
1,990,000
Series
2021-FL1-D
(1
mo.
Term
SOFR
+
2.76%,
2.65%
Floor)
(a)
....................
6.40%
10/16/2036
1,993,502
ARDN
Mortgage
Trust
1,550,000
Series
2025-ARCP-E
(1
mo.
Term
SOFR
+
4.50%,
4.50%
Floor)
(a)
..................
8.13%
6/15/2035
1,554,447
AREIT
Trust
1,930,000
Series
2022-CRE6-D
(30
day
avg
SOFR
US
+
2.85%,
2.85%
Floor)
(a)
................
6.46%
1/20/2037
1,935,329
1,000,000
Series
2022-CRE7-D
(1
mo.
Term
SOFR
+
4.44%,
4.44%
Floor)
(a)
..................
8.08%
6/17/2039
1,002,992
2,390,000
Series
2025-CRE10-D
(1
mo.
Term
SOFR
+
2.79%,
2.79%
Floor)
(a)
.................
6.43%
1/17/2030
2,379,247
BANK
18,317,000
Series
2018-BN12-XE
(a)(e)(h)
.............................................
1.50%
5/15/2061
408,323
6,978,000
Series
2018-BN12-XF
(a)(e)(h)
..............................................
1.50%
5/15/2061
154,277
20,061,456
Series
2018-BN12-XG
(a)(e)(h)
.............................................
1.50%
5/15/2061
430,499
18,522,000
Series
2019-BN16-XF
(a)(e)(h)
..............................................
1.14%
2/15/2052
452,770
9,261,000
Series
2019-BN16-XG
(a)(e)(h)
.............................................
1.14%
2/15/2052
225,042
4,631,000
Series
2019-BN16-XH
(a)(e)(h)
.............................................
1.14%
2/15/2052
111,125
6,366,937
Series
2019-BN16-XJ
(a)(e)(h)
..............................................
1.14%
2/15/2052
147,452
21,359,000
Series
2022-BNK43-XD
(a)(e)(h)
............................................
2.40%
8/15/2055
2,418,065
77,819,079
Series
2023-BNK46-XA
(e)(h)
..............................................
0.75%
8/15/2056
2,385,186
BANK5
Trust
182,123,659
Series
2023-5YR1-XA
(e)(h)
...............................................
0.46%
4/15/2056
680,414
65,071,170
Series
2023-5YR4-XA
(e)(h)
...............................................
1.26%
12/15/2056
1,259,810
8,849,000
Series
2025-5YR17-XD
(a)(e)(h)
............................................
2.02%
11/15/2058
624,731
858,000
Series
2026-5YR20-D
(a)
................................................
4.50%
2/15/2059
726,104
Barclays
Commercial
Mortgage
Trust
3,000,000
Series
2020-C7-D
(a)(e)
..................................................
3.69%
4/15/2053
1,850,013
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
7
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
1,150,000
Series
2025-5C34-D
(a)
.................................................
4.25%
5/15/2058
1,004,963
1,303,000
Series
2026-5C41-C
(e)
.................................................
5.99%
5/15/2069
1,308,256
15,503,000
Series
2026-5C42-XD
(a)(e)(h)
..............................................
2.16%
6/15/2059
1,545,877
BDS
Ltd.
2,550,000
Series
2025-FL15-D
(1
mo.
Term
SOFR
+
2.40%,
2.40%
Floor)
(a)
...................
6.04%
3/19/2043
2,554,220
2,600,000
Series
2026-FL17-C
(1
mo.
Term
SOFR
+
1.95%,
1.95%
Floor)
(a)
...................
5.59%
5/19/2043
2,606,487
Beast
Mortgage
Trust
6,000,000
Series
2021-1818-G
(1
mo.
Term
SOFR
+
6.11%,
6.25%
Floor)
(a)
...................
9.74%
3/15/2036
202,296
Benchmark
Mortgage
Trust
2,900,000
Series
2018-B4-D
(a)(e)
..................................................
2.91%
7/15/2051
2,118,867
12,324,000
Series
2021-B26-XF
(a)(e)(h)
...............................................
1.50%
6/15/2054
718,890
2,890,000
Series
2024-V10-D
(a)
..................................................
4.50%
9/15/2057
2,626,644
1,738,000
Series
2026-B43-C
(e)
..................................................
6.09%
4/15/2063
1,736,757
1,766,000
Series
2026-V20-D
(a)
..................................................
4.50%
2/15/2059
1,515,834
BMO
Mortgage
Trust
133,992,177
Series
2023-5C1-XA
(e)(h)
................................................
0.82%
8/15/2056
1,305,539
4,232,000
Series
2025-5C12-XD
(a)(e)(h)
..............................................
2.28%
10/15/2058
340,324
770,000
Series
2026-C14-D
(a)
..................................................
4.50%
2/15/2059
582,014
BrightSpire
Capital,
Inc.
3,106,000
Series
2024-FL2-C
(1
mo.
Term
SOFR
+
3.54%,
3.54%
Floor)
(a)
....................
7.18%
8/19/2037
3,105,556
2,340,000
Series
2026-FL3-D
(1
mo.
Term
SOFR
+
2.85%,
2.85%
Floor)
(a)
....................
6.49%
8/19/2043
2,348,614
BSPDF
Issuer
Ltd.
350,000
Series
2026-FL3-C
(1
mo.
Term
SOFR
+
2.10%,
2.10%
Floor)
(a)
....................
5.74%
9/18/2043
351,155
BSPRT
Co-Issuer
LLC
1,250,000
Series
2025-FL12-D
(1
mo.
Term
SOFR
+
2.70%,
2.70%
Floor)
(a)
...................
6.33%
1/17/2043
1,254,414
BX
Trust
1,509,824
Series
2025-LUNR-E
(1
mo.
Term
SOFR
+
3.95%,
3.95%
Floor)
(a)
..................
7.58%
6/15/2040
1,517,271
870,000
Series
2026-ALOHA-E
(1
mo.
Term
SOFR
+
2.95%,
2.95%
Floor)
(a)
.................
6.58%
4/15/2043
873,604
685,151
Series
2026-CIP-E
(1
mo.
Term
SOFR
+
3.10%,
3.10%
Floor)
(a)
....................
6.73%
5/15/2038
692,300
1,320,000
Series
2026-CSMO-D
(1
mo.
Term
SOFR
+
2.45%,
2.45%
Floor)
(a)
..................
6.08%
2/15/2043
1,336,911
1,175,449
Series
2026-XL6-E
(1
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
....................
6.63%
3/15/2043
1,188,272
Credit
Suisse
Mortgage
Capital
Certificates
18,014,000
Series
2016-NXSR-XE
(a)(e)(h)
.............................................
1.00%
12/15/2049
44,374
CSAIL
Commercial
Mortgage
Trust
53,008,504
Series
2017-CX9-XA
(e)(h)
...............................................
0.71%
9/15/2050
128,625
2,500,000
Series
2020-C19-E
(a)
..................................................
2.50%
3/15/2053
803,187
13,238,000
Series
2020-C19-XD
(a)(e)(h)
..............................................
1.23%
3/15/2053
457,327
CSWF
3,754,616
Series
2018-TOP-H
(1
mo.
Term
SOFR
+
3.66%,
3.61%
Floor)
(a)
...................
7.28%
8/15/2035
3,660,472
Del
Amo
Fashion
Center
Trust
2,100,000
Series
2017-AMO-C
(a)(e)
................................................
3.76%
6/5/2035
2,026,336
DOLP
Trust
4,000,000
Series
2021-NYC-F
(a)(e)
................................................
3.70%
5/10/2041
3,340,688
ESTN
Trust
700,000
Series
2026-TOWN-D
(a)(e)
...............................................
6.69%
5/12/2046
717,057
Extended
Stay
America
Trust
1,246,104
Series
2026-ESH2-F
(1
mo.
Term
SOFR
+
3.75%,
3.75%
Floor)
(a)
...................
7.38%
2/15/2043
1,263,460
FS
Rialto
500,000
Series
2021-FL3-D
(1
mo.
Term
SOFR
+
2.61%,
2.61%
Floor)
(a)
....................
6.25%
11/16/2036
503,188
1,480,000
Series
2025-FL10-D
(1
mo.
Term
SOFR
+
2.70%,
2.70%
Floor)
(a)
...................
6.33%
8/19/2042
1,484,459
2,910,000
Series
2026-FL11-D
(1
mo.
Term
SOFR
+
2.65%,
2.65%
Floor)
(a)
...................
6.29%
1/19/2044
2,918,974
Granite
Point
Mortgage
Trust,
Inc.
1,780,000
Series
2021-FL4-B
(1
mo.
Term
SOFR
+
2.06%,
1.95%
Floor)
(a)
....................
5.71%
12/15/2036
1,776,983
Great
Wolf
Trust
2,500,000
Series
2024-WLF2-E
(1
mo.
Term
SOFR
+
3.64%)
(a)
............................
7.26%
5/15/2041
2,496,241
1,000,000
Series
2024-WOLF-E
(1
mo.
Term
SOFR
+
3.64%,
3.64%
Floor)
(a)
..................
7.26%
3/15/2039
1,009,547
Greystone
Commercial
Real
Estate
Notes
2,120,000
Series
2025-FL4-C
(1
mo.
Term
SOFR
+
2.89%,
2.89%
Floor)
(a)
....................
6.51%
1/15/2043
2,160,358
GS
Mortgage
Securities
Corp.
II
905,674
Series
2015-GC28-D
(a)(e)
...............................................
4.57%
2/10/2048
870,365
2,360,363
Series
2016-GS3-XA
(e)(h)
...............................................
1.19%
10/10/2049
80
1,253,697
Series
2019-GC38-D
(a)
.................................................
3.00%
2/10/2052
1,080,271
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
8
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
INCREF
LLC
1,700,000
Series
2025-FL1-D
(1
mo.
Term
SOFR
+
4.19%,
4.19%
Floor)
(a)
....................
7.83%
10/19/2042
1,739,289
2,140,000
Series
2026-FL2-D
(1
mo.
Term
SOFR
+
2.60%,
2.60%
Floor)
(a)
....................
6.27%
12/19/2043
2,147,473
JP
Morgan
Chase
Commercial
Mortgage
Securities
4,000,000
Series
2019-MFP-G
(1
mo.
Term
SOFR
+
4.10%,
4.05%
Floor)
(a)
...................
7.72%
7/15/2036
840,042
4,000,000
Series
2019-MFP-XG
(a)(e)(h)
..............................................
0.50%
7/15/2036
38,067
JPMBB
Commercial
Mortgage
Securities
Trust
2,265,000
Series
2015-C27-D
(a)(e)
.................................................
3.95%
2/15/2048
356,738
14,394,184
Series
2015-C32-XA
(e)(h)
................................................
1.13%
11/15/2048
368
JPMDB
Commercial
Mortgage
Securities
Trust
25,460,000
Series
2020-COR7-XB
(e)(h)
..............................................
0.55%
5/13/2053
382,099
10,244,000
Series
2020-COR7-XD
(a)(e)(h)
.............................................
2.10%
5/13/2053
628,345
KREF
3,250,000
Series
2021-FL2-C
(1
mo.
Term
SOFR
+
2.11%,
2.00%
Floor)
(a)
....................
5.75%
2/15/2039
3,252,113
LoanCore
2,200,000
Series
2021-CRE6-D
(1
mo.
Term
SOFR
+
2.96%,
2.85%
Floor)
(a)
..................
6.59%
11/15/2038
2,208,562
1,660,000
Series
2025-CRE8-D
(1
mo.
Term
SOFR
+
2.74%,
2.74%
Floor)
(a)
..................
6.38%
8/17/2042
1,652,092
Lument
Finance
Trust,
Inc.
2,610,000
Series
2025-FL3-D
(1
mo.
Term
SOFR
+
3.60%,
3.60%
Floor)
(a)
....................
7.24%
7/21/2043
2,639,994
Madison
Avenue
Trust
920,000
Series
2025-11MD-E
(a)(e)
...............................................
7.57%
10/15/2042
919,921
MF1
Multifamily
Housing
Mortgage
Loan
Trust
1,770,000
Series
2021-FL7-C
(1
mo.
Term
SOFR
+
2.16%,
2.05%
Floor)
(a)
....................
5.80%
10/16/2036
1,771,554
2,550,000
Series
2021-FL7-E
(1
mo.
Term
SOFR
+
2.91%,
2.80%
Floor)
(a)
....................
6.55%
10/16/2036
2,532,963
2,450,000
Series
2024-FL15-C
(1
mo.
Term
SOFR
+
2.94%,
2.94%
Floor)
(a)
...................
6.58%
8/18/2041
2,458,004
1,740,000
Series
2024-FL15-D
(1
mo.
Term
SOFR
+
4.04%,
4.04%
Floor)
(a)
...................
7.68%
8/18/2041
1,745,674
1,770,000
Series
2025-FL17-D
(1
mo.
Term
SOFR
+
2.74%,
2.74%
Floor)
(a)
...................
6.38%
2/18/2040
1,777,066
2,750,000
Series
2025-FL19-C
(1
mo.
Term
SOFR
+
2.84%,
2.84%
Floor)
(a)
...................
6.48%
5/18/2042
2,759,743
2,650,000
Series
2025-FL20-E
(1
mo.
Term
SOFR
+
3.35%,
3.35%
Floor)
(a)
...................
6.99%
2/18/2043
2,660,022
2,710,000
Series
2026-FL21-D
(1
mo.
Term
SOFR
+
2.50%,
2.50%
Floor)
(a)
...................
6.14%
2/18/2041
2,716,759
Morgan
Stanley
Capital
I,
Inc.
5,000,000
Series
2019-PLND-G
(1
mo.
Term
SOFR
+
3.76%,
3.65%
Floor)
(a)
..................
7.39%
5/15/2036
24,925
452,358,391
Series
2022-L8-XA
(e)(h)
.................................................
0.08%
4/15/2055
1,379,150
MTN
Commercial
Mortgage
Trust
1,560,000
Series
2026-LPFX-E
(a)(e)
................................................
6.56%
5/15/2043
1,573,910
NYC
Commercial
Mortgage
Trust
500,000
Series
2025-300P-E
(a)(e)
................................................
7.39%
7/13/2042
505,475
1,070,000
Series
2025-3BP-E
(1
mo.
Term
SOFR
+
3.54%,
3.54%
Floor)
(a)
....................
7.17%
2/15/2042
1,075,499
PFP
III
Ltd.
2,634,186
Series
2024-11-C
(1
mo.
Term
SOFR
+
2.99%,
2.99%
Floor)
(a)
.....................
6.60%
9/17/2039
2,639,979
3,000,000
Series
2025-12-C
(1
mo.
Term
SOFR
+
2.54%,
2.54%
Floor)
(a)
.....................
6.18%
12/18/2042
3,016,644
1,970,000
Series
2026-14-E
(1
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
.....................
6.65%
12/18/2043
1,974,901
RFR
Trust
1,330,000
Series
2025-SGRM-E
(a)(e)
...............................................
7.51%
3/11/2041
1,343,878
SLG
Office
Trust
600,000
Series
2026-PAT-E
(a)(e)
.................................................
6.92%
2/15/2039
596,389
SMR
Mortgage
Trust
4,860,000
Series
2022-IND-G
(1
mo.
Term
SOFR
+
7.50%,
7.50%
Floor)
(a)
....................
11.13%
2/15/2039
4,760,788
Starwood
Property
Trust,
Inc.
200,000
Series
2021-FL2-C
(1
mo.
Term
SOFR
+
2.21%,
2.10%
Floor)
(a)
....................
5.85%
4/18/2038
200,200
2,325,000
Series
2022-FL3-B
(30
day
avg
SOFR
US
+
1.95%,
1.95%
Floor)
(a)
.................
5.54%
11/15/2038
2,330,322
408,500
Series
2022-FL3-C
(30
day
avg
SOFR
US
+
2.20%,
2.20%
Floor)
(a)
.................
5.79%
11/15/2038
409,064
TPG
Real
Estate
Finance
Issuer
Ltd.
1,860,000
Series
2025-FL6-D
(1
mo.
Term
SOFR
+
3.00%,
3.00%
Floor)
(a)
....................
6.63%
9/18/2042
1,868,712
UBS-Barclays
Commercial
Mortgage
Trust
3,000,000
Series
2013-C5-C
(a)(e)
..................................................
3.84%
3/10/2046
2,799,240
VMC
Finance
LLC
2,830,000
Series
2026-FL6-C
(1
mo.
Term
SOFR
+
2.40%,
2.40%
Floor)
(a)
....................
6.04%
11/19/2043
2,837,058
Wells
Fargo
Commercial
Mortgage
Trust
501,972
Series
2016-C33-D
(a)
..................................................
3.12%
3/15/2059
492,215
1,814,000
Series
2019-C50-D
(a)
..................................................
3.00%
5/15/2052
1,455,298
13,212,000
Series
2025-C65-XD
(a)(e)(h)
..............................................
2.52%
10/15/2058
2,157,837
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
9
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
WHARF
Trust
1,500,000
Series
2025-DC-E
(a)(e)
.................................................
7.98%
7/15/2040
1,519,116
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$187,889,927)
153,842,811
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
-
21.7%
ACE
Securities
Corp.
8,202,677
Series
2006-HE4-A2B
(1
mo.
Term
SOFR
+
0.33%,
0.22%
Floor)
...................
3.98%
10/25/2036
3,101,573
Countrywide
Alternative
Loan
Trust
5,107,439
Series
2005-J12-2A1
(1
mo.
Term
SOFR
+
0.65%,
0.54%
Floor,
11.00%
Cap)
..........
4.30%
8/25/2035
2,603,397
Deephaven
Residential
Mortgage
Trust
10,000,000
Series
2020-2-B3
(a)(e)
..................................................
6.36%
5/25/2065
10,003,246
Ellington
Financial
Mortgage
Trust
220,000
Series
2025-INV2-B1
(a)(e)
...............................................
7.49%
5/26/2070
221,237
1,300,000
Series
2025-INV3-B2
(a)(e)
...............................................
7.61%
7/25/2070
1,281,010
3,555,000
Series
2025-INV4-B1
(a)(e)
...............................................
6.84%
10/25/2070
3,546,282
2,182,000
Series
2025-INV4-B2
(a)(e)
...............................................
7.57%
10/25/2070
2,155,532
1,111,000
Series
2025-NQM2-B2
(a)(e)
..............................................
7.23%
6/25/2070
1,095,364
Fannie
Mae
Connecticut
Avenue
Securities
5,283,140
Series
2019-R05-1B1
(30
day
avg
SOFR
US
+
4.21%,
0.00%
Floor)
(a)
...............
7.84%
7/25/2039
5,294,321
2,881,050
Series
2019-R07-1B1
(30
day
avg
SOFR
US
+
3.51%,
0.00%
Floor)
(a)
...............
7.14%
10/25/2039
2,899,813
8,400,000
Series
2021-R02-2B2
(30
day
avg
SOFR
US
+
6.20%,
0.00%
Floor)
(a)
...............
9.83%
11/25/2041
8,557,051
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
9,250,000
Series
2020-DNA1-B2
(30
day
avg
SOFR
US
+
5.36%,
0.00%
Floor)
(a)
...............
8.99%
1/25/2050
10,251,521
3,000,000
Series
2020-DNA2-B2
(30
day
avg
SOFR
US
+
4.91%,
0.00%
Floor)
(a)
...............
8.54%
2/25/2050
3,289,350
6,000,000
Series
2020-DNA6-B2
(30
day
avg
SOFR
US
+
5.65%,
0.00%
Floor)
(a)
...............
9.28%
12/25/2050
6,908,758
22,000,000
Series
2020-HQA2-B2
(30
day
avg
SOFR
US
+
7.71%,
0.00%
Floor)
(a)
...............
11.34%
3/25/2050
26,258,276
9,750,000
Series
2020-HQA5-B2
(30
day
avg
SOFR
US
+
7.40%,
0.00%
Floor)
(a)
...............
11.03%
11/25/2050
11,851,450
GS
Mortgage-Backed
Securities
Trust
1,500,000
Series
2020-NQM1-B2
(a)(e)
..............................................
6.44%
9/27/2060
1,456,119
1,702,000
Series
2025-NQM4-B1
(a)(e)
..............................................
6.77%
10/25/2065
1,694,970
754,000
Series
2025-NQM4-B2
(a)(e)
..............................................
7.14%
10/25/2065
746,480
1,100,000
Series
2025-NQM6-B1
(a)(e)
..............................................
6.60%
2/25/2066
1,088,236
800,000
Series
2025-NQM6-B2
(a)(e)
..............................................
7.40%
2/25/2066
787,546
JP
Morgan
Alternative
Loan
Trust
5,821,149
Series
2007-A2-12A1
(1
mo.
Term
SOFR
+
0.51%,
0.40%
Floor,
11.50%
Cap)
..........
4.16%
6/25/2037
1,979,659
JP
Morgan
Mortgage
Trust
2,500,000
Series
2024-VIS2-B2
(a)(e)
...............................................
7.69%
11/25/2064
2,511,525
1,156,000
Series
2025-VIS3-B1
(a)(e)
...............................................
6.76%
2/25/2066
1,146,088
792,000
Series
2025-VIS3-B2
(a)(e)
...............................................
7.21%
2/25/2066
774,148
New
Residential
Mortgage
Loan
Trust
4,102,000
Series
2020-NQM2-B1
(a)(e)
..............................................
4.12%
5/24/2060
3,568,050
2,886,000
Series
2020-NQM2-B2
(a)(e)
..............................................
4.12%
5/24/2060
2,407,677
2,500,000
Series
2025-NQM6-B1
(a)(e)
..............................................
6.85%
10/25/2065
2,492,869
2,250,000
Series
2025-NQM6-B2
(a)(e)
..............................................
6.94%
10/25/2065
2,181,939
Pretium
Mortgage
Credit
Partners
LLC
2,100,000
Series
2025-NPL8-A2
(a)(i)
...............................................
7.99%
8/25/2055
2,104,245
PRPM
LLC
5,000,000
Series
2025-5-A2
(a)(i)
..................................................
8.57%
7/25/2030
4,982,032
1,400,000
Series
2025-6-A2
(a)(i)
..................................................
8.33%
8/25/2028
1,397,770
1,150,000
Series
2025-7-A2
(a)(i)
..................................................
7.45%
8/25/2030
1,148,625
Santander
Mortgage
Asset
Receivable
Trust
1,392,000
Series
2025-NQM5-B2
(a)(e)
..............................................
7.23%
8/25/2065
1,354,602
TBW
Mortgage
Backed
Pass
Through
Certificates
3,980,742
Series
2007-2-A1A
(e)
..................................................
5.96%
7/25/2037
1,106,793
Verus
Securitization
Trust
535,000
Series
2024-6-B2
(a)(e)
..................................................
7.89%
7/25/2069
539,078
1,735,000
Series
2024-INV1-B2
(a)(e)
...............................................
8.42%
3/25/2069
1,748,111
588,000
Series
2024-INV2-B2
(a)(e)
...............................................
7.90%
8/26/2069
593,398
6,000,000
Series
2025-12-B2
(a)(e)
.................................................
7.08%
12/25/2070
5,979,438
294,000
Series
2025-4-B1
(a)(e)
..................................................
7.45%
5/25/2070
296,369
679,000
Series
2025-6-B2
(a)(e)
..................................................
7.33%
7/25/2070
680,525
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
10
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
950,000
Series
2025-7-B2
(a)(e)
..................................................
7.49%
8/25/2070
955,186
1,500,000
Series
2026-1-B2
(a)(e)
..................................................
6.97%
1/25/2071
1,477,063
1,000,000
Series
2026-3-B2
(a)(e)
..................................................
6.81%
3/25/2071
976,305
Vista
Point
Securitization
Trust
9,222,000
Series
2020-1-B2
(a)(e)
..................................................
5.38%
3/25/2065
8,967,290
3,396,000
Series
2020-2-B2
(a)(e)
..................................................
5.16%
4/25/2065
3,294,005
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$160,906,448)
159,754,322
US
CORPORATE
BONDS
-
21.6%
4,290,000
1261229
BC
Ltd.
(a)
...................................................
10.00%
4/15/2032
4,347,941
1,090,000
ADI
Escrow
Issuer
LLC
(a)
...............................................
7.13%
7/15/2034
1,112,665
1,670,000
American
Axle
&
Manufacturing,
Inc.
(a)
......................................
7.75%
10/15/2033
1,650,865
3,005,000
Anywhere
Real
Estate
Group
LLC
/
Realogy
Co.-Issuer
Corp.
(a)
....................
9.75%
4/15/2030
3,242,804
830,000
Artera
Services
LLC
(a)
.................................................
8.50%
2/15/2031
747,143
815,000
Asurion
LLC/
Asurion
Co.-Issuer,
Inc.
(a)
.....................................
8.00%
12/31/2032
821,823
630,000
AT&T,
Inc.
.........................................................
3.80%
12/1/2057
420,797
3,580,000
AthenaHealth
Group,
Inc.
(a)
.............................................
6.50%
2/15/2030
3,434,827
1,710,000
Bausch
+
Lomb
Corp.
(a)
................................................
8.38%
10/1/2028
1,759,163
990,805
Beach
Acquisition
Bidco
LLC
10.75%
PIK
(a)
..................................
10.00%
7/15/2033
1,125,540
645,000
Bond
US
Bidco
1,
Inc./Bidco
2/Bidco
3/German
Bidco
1
GmbH/German
Bidco
2
(a)
.......
7.13%
6/15/2033
651,661
1,640,000
Brand
Industrial
Services,
Inc.
(a)
..........................................
10.38%
8/1/2030
1,338,484
1,976,000
Castle
US
Holding
Corp.
(a)
..............................................
10.00%
6/30/2031
414,960
3,190,000
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.
(a)
.............................
7.38%
2/1/2036
3,132,228
1,195,000
Celanese
US
Holdings
LLC
.............................................
7.38%
2/15/2034
1,235,475
890,000
Chemours
Co.
(a)
.....................................................
7.88%
3/15/2034
895,131
399,000
CHS/Community
Health
Systems,
Inc.
(a)
....................................
10.88%
1/15/2032
430,198
1,580,000
Cipher
Compute
LLC
(a)
................................................
7.13%
11/15/2030
1,644,421
1,925,000
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
.....................................
7.50%
6/1/2029
1,927,271
1,110,000
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
.....................................
7.13%
2/15/2031
1,149,999
2,335,000
Cobra
AcquisitionCo
LLC
(a)
..............................................
6.38%
11/1/2029
1,986,666
1,575,000
Columbus
McKinnon
Corp./NY
(a)
..........................................
7.13%
2/1/2033
1,579,613
830,000
Cornerstone
Building
Brands,
Inc.
(a)
........................................
9.50%
8/15/2029
511,931
2,545,000
Crescent
Energy
Finance
LLC
(a)
..........................................
7.88%
4/15/2032
2,578,518
2,505,000
Dcli
Bidco
LLC
(a)
.....................................................
7.75%
11/15/2029
2,592,342
1,985,000
Dealer
Tire
Financial
LLC
(a)
.............................................
10.38%
10/1/2031
1,979,036
3,895,000
Dealer
Tire
LLC
/
DT
Issuer
LLC
(a)
.........................................
8.00%
2/1/2028
3,905,664
3,035,150
Dexko
Global,
Inc.
(a)
..................................................
7.50%
4/15/2032
2,507,026
1,760,000
Directv
Financing
LLC
(a)
................................................
8.88%
2/1/2030
1,793,428
1,850,000
Directv
Financing
LLC
/
Directv
Financing
Co.-Obligor,
Inc.
(a)
......................
10.00%
2/15/2031
1,920,957
2,010,000
Directv
Financing
LLC
/
Directv
Financing
Co.-Obligor,
Inc.
(a)
......................
9.25%
6/1/2032
2,043,720
725,000
Discovery
Global
Holdings,
Inc.
..........................................
5.05%
3/15/2042
532,019
1,175,000
DISH
DBS
Corp.
(a)
....................................................
5.75%
12/1/2028
1,139,215
1,580,000
EchoStar
Corp.
......................................................
10.75%
11/30/2029
1,708,295
1,630,000
Embarq
LLC
........................................................
8.00%
6/1/2036
472,700
4,550,000
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co.,
Inc.
(a)
................
6.75%
1/15/2030
4,465,353
930,000
Flash
Compute
LLC
(a)
.................................................
7.25%
12/31/2030
957,409
1,560,000
Freedom
Mortgage
Holdings
LLC
(a)
........................................
8.38%
4/1/2032
1,587,966
1,640,000
Full
House
Resorts,
Inc.
(a)
..............................................
8.25%
2/15/2028
1,607,200
3,535,000
Getty
Images,
Inc.
(a)
..................................................
10.50%
11/15/2030
2,950,323
335,000
GrafTech
Global
Enterprises,
Inc.
(a)
........................................
9.88%
12/23/2029
247,900
836,000
Gray
Media,
Inc.
(a)
....................................................
10.50%
7/15/2029
882,951
2,325,000
Gray
Media,
Inc.
(a)
....................................................
9.63%
7/15/2032
2,246,020
1,550,000
Gray
Media,
Inc.
(a)
....................................................
7.25%
8/15/2033
1,527,599
965,000
Hightower
Holding
LLC
(a)
...............................................
6.75%
4/15/2029
965,933
1,285,000
Hightower
Holding
LLC
(a)
...............................................
9.13%
1/31/2030
1,339,447
760,000
Illuminate
Buyer
LLC
/
Illuminate
Holdings
IV,
Inc.
(a)
.............................
9.00%
7/1/2028
762,046
1,950,000
ION
Platform
Finance
US,
Inc.
(a)
..........................................
7.88%
9/30/2032
1,415,300
3,400,000
ION
Platform
Finance
US,
Inc.
/
ION
Platform
Finance
Sarl
(a)
......................
8.75%
5/1/2029
3,037,076
1,110,000
JetBlue
Airways
Corp.
/
JetBlue
Loyalty
LP
(a)
.................................
9.88%
9/20/2031
1,006,845
590,000
K
Hovnanian
Enterprises,
Inc.
(a)
..........................................
8.38%
10/1/2033
606,749
1,070,000
Kohl's
Corp.
(a)
.......................................................
10.00%
6/1/2030
1,158,018
1,700,000
Kyndryl
Holdings,
Inc.
.................................................
4.10%
10/15/2041
1,204,691
1,353,000
LBM
Acquisition
LLC
(a)
.................................................
6.25%
1/15/2029
984,566
1,095,000
LBM
Acquisition
LLC
(a)
.................................................
9.50%
6/15/2031
976,422
1,215,000
LFS
Topco
LLC
(a)
....................................................
8.75%
7/15/2030
1,221,391
3,100,000
LifePoint
Health,
Inc.
(a)
.................................................
10.00%
6/1/2032
3,098,640
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
11
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
780,000
LifePoint
Health,
Inc.
(a)
.................................................
7.00%
5/1/2034
748,166
1,845,000
Mativ
Holdings,
Inc.
(a)
.................................................
8.00%
10/1/2029
1,833,845
1,800,000
Michaels
Cos.,
Inc.
(a)
..................................................
8.50%
3/15/2033
1,783,952
915,000
Nabors
Industries,
Inc.
(a)
...............................................
8.88%
8/15/2031
940,061
1,775,000
Nabors
Industries,
Inc.
(a)
...............................................
7.63%
11/15/2032
1,817,259
1,530,000
Nexstar
Media,
Inc.
(a)
..................................................
7.25%
4/15/2034
1,527,620
1,985,000
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp.
(a)
.......................
8.38%
2/15/2032
2,067,364
730,000
OAK-Eagle
Acquireco,
Inc.
(a)
.............................................
8.75%
7/1/2034
775,203
250,000
Olympus
Water
US
Holding
Corp.
(a)
........................................
6.25%
10/1/2029
246,650
2,625,000
Olympus
Water
US
Holding
Corp.
(a)
........................................
7.25%
2/15/2033
2,598,022
1,650,000
Par
Petroleum
LLC
(a)
..................................................
7.38%
6/1/2034
1,670,689
2,420,000
PetSmart
LLC
/
PetSmart
Finance
Corp.
(a)
...................................
7.50%
9/15/2032
2,422,270
1,250,000
PetSmart
LLC
/
PetSmart
Finance
Corp.
(a)
...................................
10.00%
9/15/2033
1,252,877
1,765,000
Premier
Entertainment
Sub
LLC
/
Premier
Entertainment
Finance
Corp.
(a)
.............
5.88%
9/1/2031
1,151,662
2,825,460
Radiology
Partners,
Inc.
(9.78%
PIK)
(a)
.....................................
9.78%
2/15/2030
2,807,800
1,500,000
Radiology
Partners,
Inc.
(a)
..............................................
8.50%
7/15/2032
1,567,274
820,000
Sabre
Financial
Borrower
LLC
(a)
..........................................
11.13%
6/15/2029
866,158
457,000
Sabre
GLBL,
Inc.
(a)
...................................................
10.75%
11/15/2029
439,426
893,000
Sabre
GLBL,
Inc.
(a)
...................................................
10.75%
3/15/2030
852,574
1,495,000
Six
Flags
Entertainment
Corp.
(a)
..........................................
7.25%
5/15/2031
1,487,114
295,000
Six
Flags
Entertainment
Corp./Canada's
Wonderland
Co./Millennium
Operations
LLC
(a)
...
8.63%
1/15/2032
303,951
1,800,000
SM
Energy
Co.
(a)
.....................................................
7.00%
8/1/2032
1,817,788
860,000
Sotheby's
(a)
........................................................
8.25%
4/15/2031
856,201
955,000
Staples,
Inc.
(a)
.......................................................
10.75%
9/1/2029
911,794
2,720,000
Staples,
Inc.
(a)
.......................................................
12.75%
1/15/2030
2,085,618
1,370,000
Starz
Capital
Holdings
LLC
(a)
............................................
5.50%
4/15/2029
1,245,498
4,170,000
SWF
Holdings
I
Corp.
(a)
................................................
6.50%
10/1/2029
437,850
1,500,000
Synergy
Infrastructure
Holdings
LLC
(a)
......................................
7.88%
12/1/2030
1,571,446
990,000
Synergy
Infrastructure
Holdings
LLC
(a)
......................................
7.00%
7/15/2034
1,004,765
605,000
Transocean
International
Ltd.
(a)
...........................................
7.88%
10/15/2032
631,901
3,098,000
Trident
TPI
Holdings,
Inc.
(a)
..............................................
12.75%
12/31/2028
3,105,857
2,100,000
UKG,
Inc.
(a)
........................................................
6.88%
2/1/2031
2,041,471
840,000
Uniti
Group
LP
/
Uniti
Group
Finance
2019,
Inc.
/
CSL
Capital
LLC
(a)
.................
8.63%
6/15/2032
877,011
1,190,000
Uniti
Services
LLC
(a)
..................................................
7.50%
10/15/2033
1,253,132
3,190,000
Univision
Communications,
Inc.
(a)
.........................................
8.50%
7/31/2031
3,206,228
600,000
Univision
Communications,
Inc.
(a)
.........................................
8.88%
4/15/2033
591,062
2,615,000
Venture
Global
LNG,
Inc.
(a)
..............................................
8.38%
6/1/2031
2,723,008
1,590,000
Veritiv
Operating
Co.
(a)
.................................................
10.50%
11/30/2030
1,628,135
195,000
Vibrantz
Technologies,
Inc.
(a)
............................................
9.00%
2/28/2031
105,300
1,755,000
Vibrantz
Technologies,
Inc.
(a)
............................................
9.00%
2/28/2031
351,000
2,640,000
Victra
Holdings
LLC
/
Victra
Finance
Corp.
(a)
..................................
8.75%
9/15/2029
2,724,884
4,885,000
Viking
Cruises
Ltd.
(a)
..................................................
9.13%
7/15/2031
5,121,165
1,253,000
Voyager
Parent
LLC
(a)
.................................................
9.25%
7/1/2032
1,325,841
900,000
Whirlpool
Corp.
(a)
....................................................
7.88%
7/1/2034
905,942
Total
US
Corporate
Bonds
(Cost
$166,606,846)
158,667,205
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
-
2.6%
Federal
Home
Loan
Mortgage
Corp.
5,060,198
Series
313-S1
(-1
x
30
day
avg
SOFR
US
+
5.79%,
0.00%
Floor,
5.90%
Cap)
(h)(j)
........
2.19%
9/15/2043
414,726
1,583,156
Series
3997-SA
(-1
x
30
day
avg
SOFR
US
+
6.39%,
0.00%
Floor,
6.50%
Cap)
(h)(j)
.......
2.79%
2/15/2042
170,456
2,552,469
Series
4091-VI
(-1
x
30
day
avg
SOFR
US
+
4.89%,
0.00%
Floor,
5.00%
Cap)
(h)(j)
........
1.29%
11/15/2040
115,612
4,034,219
Series
4119-SC
(-1
x
30
day
avg
SOFR
US
+
6.04%,
0.00%
Floor,
6.15%
Cap)
(h)(j)
.......
2.44%
10/15/2042
393,689
2,087,378
Series
4643-SA
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(h)(j)
.......
2.29%
1/15/2047
214,776
5,193,878
Series
4863-IA
(h)
.....................................................
4.50%
3/15/2045
843,469
13,430,066
Series
5004-SD
(-1
x
30
day
avg
SOFR
US
+
6.10%,
0.00%
Floor,
6.10%
Cap)
(h)(j)
.......
2.47%
8/25/2050
1,740,972
Federal
National
Mortgage
Association
5,417,573
Series
2012-124-SE
(-1
x
30
day
avg
SOFR
US
+
6.04%,
0.00%
Floor,
6.15%
Cap)
(h)(j)
....
2.41%
11/25/2042
583,546
6,261,513
Series
2012-84-HS
(-1
x
30
day
avg
SOFR
US
+
5.89%,
0.00%
Floor,
6.00%
Cap)
(h)(j)
.....
2.26%
8/25/2042
561,563
3,647,326
Series
2017-69-ES
(-1
x
30
day
avg
SOFR
US
+
6.04%,
0.00%
Floor,
6.15%
Cap)
(h)(j)
.....
2.41%
9/25/2047
342,227
4,905,875
Series
2019-25-SB
(-1
x
30
day
avg
SOFR
US
+
5.94%,
0.00%
Floor,
6.05%
Cap)
(h)(j)
.....
2.31%
6/25/2049
426,531
FREMF
Mortgage
Trust
2,765,578
Series
2018-KF56-C
(30
day
avg
SOFR
US
+
5.91%,
5.80%
Floor)
(a)
................
9.51%
11/25/2028
2,588,003
5,280,125
Series
2019-KF71-C
(30
day
avg
SOFR
US
+
6.11%,
6.00%
Floor)
(a)
................
9.71%
10/25/2029
5,124,862
Government
National
Mortgage
Association
7,817,979
Series
2019-22-SA
(-1
x
1
mo.
Term
SOFR
+
5.49%,
0.00%
Floor,
5.60%
Cap)
(h)(j)
.......
1.85%
2/20/2045
568,989
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
12
PRINCIPAL
AMOUNT
$
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
a
a
a
a
a
4,284,257
Series
2020-21-NS
(-1
x
1
mo.
Term
SOFR
+
5.94%,
0.00%
Floor,
6.05%
Cap)
(h)(j)
.......
2.30%
4/20/2048
429,157
5,074,809
Series
2020-47-SL
(-1
x
1
mo.
Term
SOFR
+
5.26%,
0.00%
Floor,
5.37%
Cap)
(h)(j)
.......
1.62%
7/20/2044
323,706
8,636,352
Series
2020-61-SU
(-1
x
1
mo.
Term
SOFR
+
5.49%,
0.00%
Floor,
5.60%
Cap)
(h)(j)
.......
1.85%
7/16/2045
559,902
3,386,070
Series
2020-77-SU
(-1
x
1
mo.
Term
SOFR
+
5.99%,
0.00%
Floor,
6.10%
Cap)
(h)(j)
.......
2.35%
9/20/2047
367,943
19,732,372
Series
2021-97-SG
(-1
x
30
day
avg
SOFR
US
+
2.60%,
0.00%
Floor,
2.60%
Cap)
(h)(j)
.....
0.00%
6/20/2051
49,769
29,864,752
Series
2021-H04-BI
(e)(h)
................................................
1.37%
2/1/2071
1,764,224
30,486,650
Series
2021-H07-AI
(e)(h)
................................................
0.96%
5/20/2071
1,686,553
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$24,159,493)
19,270,675
SHARES
COMMON
STOCKS
-
0.0%
(k)
2,458
Altice
France/Luxco
3
(c)(l)
...............................................
49,149
3,422
Asphalt
ATD
Holdco,
LLC
(c)(l)
.............................................
1,506
105,809
OI
SA
ADR
(c)(l)
.......................................................
42
4,893
Stichting
Administratiekantoor
ADR
(c)(l)
......................................
–
1,800
Stichting
Administratiekantoor
Unigel
Creditors
(c)(l)
..............................
–
Total
Common
Stocks
(Cost
$511,107)
50,697
ESCROW
NOTES
-
0.0%
(k)
4,600,000
Credito
Real
SAB
de
CV
SOFOM
ER
(l)
.....................................
51,750
Total
Escrow
Notes
(Cost
$3,572,290)
51,750
PREFERRED
STOCKS
-
1.5%
430,000
AGNC
Investment
Corp.
(g)
..............................................
10,728,500
Total
Preferred
Stocks
(Cost
$9,302,263)
10,728,500
REAL
ESTATE
INVESTMENT
TRUSTS
-
1.0%
650,000
AGNC
Investment
Corp.
(l)
...............................................
7,085,000
Total
Real
Estate
Investment
Trusts
(Cost
$8,298,947)
7,085,000
AFFILIATED
MUTUAL
FUNDS
-
3.4%
2,610,709
DoubleLine
Emerging
Markets
Local
Currency
Bond
Fund
-
Class
I
.................
25,010,590
Total
Affiliated
Mutual
Funds
(Cost
$24,300,000)
25,010,590
R
ATE
SHORT
TERM
INVESTMENTS
-
0.5%
1,166,174
BNY
Dreyfus
Government
Cash
Management
-
Institutional
(m)
.....................
3.54%
1,166,174
1,131,875
MSILF
Government
Portfolio
-
Institutional
(m)
.................................
3.56%
1,131,875
1,131,875
Northern
Institutional
Funds
-Treasury
Portfolio
-
SHR
(m)
.........................
3.56%
1,131,875
Total
Short
Term
Investments
(Cost
$3,429,924)
3,429,924
Total
Investments
-
118.3%
(n)
(Cost
$947,079,686)
869,679,590
Other
Liabilities
in
Excess
of
Assets
-
(18.3)%
(134,374,962)
NET
ASSETS
-
100.0%
$735,304,628
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
13
(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
562,092,448
or
76.44%
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)
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.
(g)
Perpetual
maturity.
The
date
disclosed
is
the
next
call
date
of
the
security.
(h)
Interest
only
security
(i)
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.
(j)
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.
(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.
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
Residential
Collateralized
Mortgage
Obligations
..............................................................
21.7‌%
Non-Agency
Commercial
Mortgage
Backed
Obligations
.................................................................
20.9‌%
Collateralized
Loan
Obligations
..................................................................................
6.5‌%
Foreign
Government
Bonds,
Foreign
Agencies
and
Foreign
Government
Sponsored
Corporations
....................................
5.4‌%
Media
....................................................................................................
4.7‌%
Retail
....................................................................................................
4.2‌%
Software
..................................................................................................
4.0‌%
Oil
&
Gas
..................................................................................................
3.9‌%
Entertainment
...............................................................................................
3.5‌%
Affiliated
Mutual
Funds
........................................................................................
3.4‌%
Chemicals
.................................................................................................
3.3‌%
Healthcare-Services
..........................................................................................
2.9‌%
Diversified
Financial
Services
....................................................................................
2.8‌%
Commercial
Services
.........................................................................................
2.6‌%
US
Government
and
Agency
Mortgage
Backed
Obligations
...............................................................
2.6‌%
Distribution/Wholesale
.........................................................................................
1.9‌%
Packaging
&
Containers
.......................................................................................
1.6‌%
Pharmaceuticals
.............................................................................................
1.5‌%
Preferred
Stocks
.............................................................................................
1.5‌%
Internet
...................................................................................................
1.4‌%
Leisure
Time
...............................................................................................
1.4‌%
Telecommunications
..........................................................................................
1.3‌%
Asset
Backed
Obligations
......................................................................................
1.1‌%
Engineering
&
Construction
.....................................................................................
1.0‌%
Pipelines
..................................................................................................
1.0‌%
Real
Estate
Investment
Trusts
...................................................................................
1.0‌%
Electric
...................................................................................................
0.9‌%
Insurance
..................................................................................................
0.9‌%
Mining
....................................................................................................
0.9‌%
Auto
Parts
&
Equipment
........................................................................................
0.8‌%
Airlines
...................................................................................................
0.7‌%
Transportation
..............................................................................................
0.7‌%
Healthcare-Products
..........................................................................................
0.6‌%
Coal
.....................................................................................................
0.6‌%
Food
.....................................................................................................
0.6‌%
Real
Estate
................................................................................................
0.5‌%
Machinery-Diversified
.........................................................................................
0.5‌%
Lodging
...................................................................................................
0.5‌%
Short
Term
Investments
........................................................................................
0.5‌%
Advertising
.................................................................................................
0.4‌%
Iron/Steel
..................................................................................................
0.4‌%
Energy-Alternate
Sources
......................................................................................
0.4‌%
Building
Materials
............................................................................................
0.3‌%
DoubleLine
Yield
Opportunities
Fund
Schedule
of
Investments
(Continued)
June
30,
2026
(Unaudited)
14
Agriculture
.................................................................................................
0.2‌%
Computers
.................................................................................................
0.2‌%
Miscellaneous
Manufacturing
....................................................................................
0.2‌%
Apparel
...................................................................................................
0.1‌%
Home
Furnishings
............................................................................................
0.1‌%
Home
Builders
..............................................................................................
0.1‌%
Housewares
................................................................................................
0.1‌%
Escrow
Notes
...............................................................................................
0.0‌%
(a)
Other
Assets
and
Liabilities
.....................................................................................
(18.3‌)%
Net
Assets
.................................................................................................
100.0‌%
(a)
Represents
less
than
0.05%
of
net
assets.
Futures
Contracts
Description
Long/Short
Contract
Quantity
Expiration
Date
Notional
Amount
(a)
Unrealized
Appreciation
(Depreciation)/
Value
U.S.
Treasury
2
Year
Notes
....................
Long
200‌
9/30/2026
$
41,226,562‌
$
(49,677‌)
(a)
Notional
Amount
is
determined
based
on
the
number
of
contracts
multiplied
by
the
contract
size
and
the
quoted
daily
settlement
price
in
US
dollars.
A
summary
of
the
DoubleLine
Yield
Opportunities
Fund's
investments
in
affiliated
mutual
funds
for
the
period
ended
June
30,
2026
is
as
follows:
Fund
Value
at
September
30,
2025
Gross
Purchases
Gross
Sales
Net
Realized
Gain
(Loss)
for
the
Period
Ended
June
30,
2026
Change
in
Unrealized
for
the
Period
Ended
June
30,
2026
Value
at
June
30,
2026
Shares
Held
at
June
30,
2026
Dividend
Income
Earned
for
the
Period
Ended
June
30,
2026
DoubleLine
Emerging
Markets
Local
Currency
Bond
Fund
-
Class
I
$
19,346,131‌
$
5,400,000‌
$
–‌
$
–‌
$
264,459‌
$
25,010,590‌
2,610,709
$
579,665‌
a
a