# EDGAR Filing Document

**Accession Number:** 0001886172
**File Stem:** 0001886172-26-000011
**Filing Date:** 2026-6
**Character Count:** 581254
**Document Hash:** c45e06ac646b38215215fa8c46f1e8e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001886172-26-000011.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001886172-26-000011

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**EFFECTIVENESS DATE**: 20260601

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine ETF Trust
- **CENTRAL INDEX KEY:** 0001886172

**ORGANIZATION NAME:**
- **EIN:** 876641637
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23746
- **FILM NUMBER:** 261047659

**BUSINESS ADDRESS:**
- **STREET 1:** 2002 NORTH TAMPA STREET
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (213) 633-8200

**MAIL ADDRESS:**
- **STREET 1:** 2002 NORTH TAMPA STREET
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

## Series and Classes Contracts Data

### DoubleLine Opportunistic Core Bond ETF (Series ID: S000074770)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000232947 | DoubleLine Opportunistic Core Bond ETF | DBND            |

### DoubleLine Shiller CAPE U.S. Equities ETF (Series ID: S000074771)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000232948 | DoubleLine Shiller CAPE U.S. Equities ETF | CAPE            |

### DoubleLine Commercial Real Estate Debt ETF (Series ID: S000080054)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000241667 | DoubleLine Commercial Real Estate Debt ETF | DCRE            |

### DoubleLine Mortgage ETF (Series ID: S000080055)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000241668 | DoubleLine Mortgage ETF | DMBS            |

### DoubleLine Commodity Strategy ETF (Series ID: S000083700)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000247709 | DoubleLine Commodity Strategy ETF | DCMT            |

### DoubleLine Fortune 500 Equal Weight ETF (Series ID: S000083701)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000247710 | DoubleLine Fortune 500 Equal Weight ETF | DFVE            |

### DoubleLine Multi-Sector Income ETF (Series ID: S000088886)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000255273 | DoubleLine Multi-Sector Income ETF | DMX             |

### DoubleLine Asset-Backed Securities ETF (Series ID: S000090503)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000257761 | DoubleLine Asset-Backed Securities ETF | DABS            |

?xml version='1.0' encoding='ASCII'?

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number: <u>811-23746</u>

## <u>DoubleLine ETF Trust</u> 
(Exact name of registrant as specified in charter)

2002 N. Tampa Street, Suite 200

Tampa, FL 33602

(Address of principal executive offices) (Zip code)

Ronald R. Redell, President

2002 N. Tampa Street, Suite 200

<u>Tampa, FL 33602</u>

(Name and Address of Agent for Service)

Registrant's telephone number, including area code: <u>(813) 791-7333</u>

Date of fiscal year end: September 30

Date of reporting period: March 31, 2026

**Item 1. Reports to Stockholders.** 

(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended ("1940 Act").

Semi-Annual Shareholder Report

#### DoubleLine Opportunistic Core Bond ETF
NYSE Arca: DBND (Inception Date: March 31, 2022)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Opportunistic Core Bond ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DBND | $21 | 0.42% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$712,288,162

* Number of Portfolio Holdings1,168

* Portfolio Turnover Rate25%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| U.S. Government and Agency Mortgage-Backed Obligations | 21.3 |
| U.S. Government and Agency Obligations | 17.5 |
| U.S. Corporate Bonds | 13.4 |
| Non-Agency Residential Collateralized Mortgage Obligations | 10.7 |
| Foreign Corporate Bonds | 8.2 |
| Asset-Backed Obligations | 7.6 |
| Non-Agency Commercial Mortgage-Backed Obligations | 6.9 |
| Affiliated Mutual Funds | 4.9 |
| Collateralized Loan Obligations | 3.6 |
| Short-Term Investments | 3.2 |
| Bank Loans | 2.4 |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.6 |
| Common Stocks | 0.0 |
| Other | -0.3 |

---

# Credit Quality Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Government | 20.9 |
| Agency | 18.2 |
| AAA | 12.7 |
| AA | 4.0 |
| A | 10.1 |
| BBB | 19.0 |
| BB | 6.3 |
| B | 3.2 |
| CCC and Below | 0.7 |
| Unrated Securities | 1.1 |
| Other | 3.8 |
| Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. | Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| U.S. Treasury Notes, 0.63%, 08/15/2030 | 4.8 |
| U.S. Treasury Notes, 0.63%, 05/15/2030 | 4.6 |
| U.S. Treasury Notes, 0.88%, 11/15/2030 | 4.5 |
| DoubleLine Emerging Markets Local Currency Bond Fund | 2.7 |
| DoubleLine Global Bond Fund | 2.2 |
| U.S. Treasury Bonds, 1.38%, 11/15/2040 | 1 |
| U.S. Treasury Bonds, 1.13%, 05/15/2040 | 0.8 |
| FHLMC UMBS, Pool SD3081, 5.50%, 06/01/2053 | 0.8 |
| OBX Trust, Series 2026-NQM5-A1, 5.32%, 01/25/2066 | 0.7 |
| Verus Securitization Trust, Series 2026-R2-M1, 5.53%, 10/25/2067 | 0.7 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DBND326

Semi-Annual Shareholder Report

#### DoubleLine Shiller CAPE<sup>®</sup> U.S. Equities ETF
NYSE Arca: CAPE (Inception Date: March 31, 2022)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Shiller CAPE<sup>®</sup> U.S. Equities ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| CAPE | $32 | 0.65% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$260,731,064

* Number of Portfolio Holdings194

* Portfolio Turnover Rate215%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Consumer Discretionary | 25.0 |
| Communication Services | 24.9 |
| Health Care | 24.9 |
| Real Estate | 24.1 |
| Financials | 0.7 |
| Short-Term Investments | 0.3 |
| Consumer Staples | 0.0 |
| Other | 0.1 |

---

# Portfolio Characteristics

---

| | |
|:---|:---|
| Median Mkt Cap ($B) | $23.74 |
| Average Mkt Cap ($B) | $120.94 |
| Price-to-Earnings<sup>Footnote Reference1</sup> | 20.66% |
| Price-to-Book | 3.95% |
| <sup>Footnote Reference1</sup> Forward 12-Month Price-to-Earnings Ratio. | <sup>Footnote Reference1</sup> Forward 12-Month Price-to-Earnings Ratio. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| Amazon.com, Inc. | 5.7 |
| Tesla, Inc. | 4.7 |
| Meta Platforms, Inc. - Class A | 4.5 |
| Eli Lilly & Co. | 3.4 |
| Johnson & Johnson | 2.8 |
| Alphabet, Inc. - Class A | 2.6 |
| Welltower, Inc. | 2.4 |
| Prologis, Inc. | 2.3 |
| Alphabet, Inc. - Class C | 2.1 |
| AbbVie, Inc. | 1.8 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

CAPE326

Semi-Annual Shareholder Report

#### DoubleLine Commercial Real Estate Debt ETF
NYSE Arca: DCRE (Inception Date: March 31, 2023)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Commercial Real Estate Debt ETF (formerly known as DoubleLine Commercial Real Estate ETF) for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

#### This report describes changes to the Fund that occurred during the reporting period.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DCRE | $20 | 0.39% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$405,932,280

* Number of Portfolio Holdings259

* Portfolio Turnover Rate44%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Non-Agency Commercial Mortgage-Backed Obligations | 62.4 |
| Collateralized Loan Obligations | 19.9 |
| U.S. Government and Agency Mortgage-Backed Obligations | 14.3 |
| Short-Term Investments | 5.7 |
| Non-Agency Residential Collateralized Mortgage Obligations | 0.4 |
| Other | -2.7 |

---

# Credit Quality Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Agency | 14.3 |
| AAA | 70.8 |
| AA | 4.7 |
| A | 7.2 |
| Other | 3.0 |
| Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. | Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| FNMA ACES, Series 2024-M5-1A1, 4.45%, 01/25/2034 | 1.7 |
| FNMA, Pool BZ3936, 4.78%, 05/01/2030 | 1.6 |
| FNMA, Other, Pool BZ0220, 5.00%, 01/01/2029 | 1.5 |
| MF1 LLC, Series 2026-FL21-ASFX, 5.12%, 02/18/2041 | 1.2 |
| FNMA, Pool BZ1029, 4.93%, 06/01/2029 | 1.1 |
| GPMT Ltd., Series 2021-FL4-A (CME Term SOFR 1 Month + 1.46%, 1.35% Floor), 5.14%, 12/15/2036 | 1.1 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C5-A3, 5.59%, 07/15/2058 | 1 |
| FNMA, Pool BZ0638, 4.82%, 04/01/2029 | 1 |
| Wells Fargo Commercial Mortgage Trust, Series 2026-C66-A1, 4.89%, 04/15/2059 | 1 |
| BANK5, Series 2024-5YR5-A3, 5.70%, 02/15/2029 | 1 |

---

# How has the Fund changed?
Effective February 2, 2026, the Fund's name was changed from DoubleLine Commercial Real Estate ETF to DoubleLine Commercial Real Estate Debt ETF.

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DCRE326

Semi-Annual Shareholder Report

#### DoubleLine Mortgage ETF
NYSE Arca: DMBS (Inception Date: March 31, 2023)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Mortgage ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DMBS | $20 | 0.39% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$694,683,413

* Number of Portfolio Holdings194

* Portfolio Turnover Rate184%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| U.S. Government and Agency Mortgage-Backed Obligations | 93.3 |
| Non-Agency Residential Collateralized Mortgage Obligations | 19.6 |
| Short-Term Investments | 4.1 |
| Other | -17.0 |

---

# Credit Quality Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Government | 12.8 |
| Agency | 80.3 |
| AAA | 1.5 |
| AA | 0.1 |
| A | 2.0 |
| BBB | 16.0 |
| Other | -12.7 |
| Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. | Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| FNMA/FHLMC UMBS, 30 Year, Single Family, Pool, 5.00%, 04/25/2056 | 8.7 |
| FNMA/FHLMC UMBS, 30 Year, Single Family, Pool, 2.00%, 04/25/2056 | 4.9 |
| FNMA UMBS, Pool BR0386, 2.00%, 01/01/2051 | 2.4 |
| FNMA UMBS, Pool FA3421, 2.00%, 11/01/2051 | 2.4 |
| FNMA UMBS, Pool FA2724, 5.50%, 09/01/2055 | 2.1 |
| FNMA REMICS, Series 2026-10-FA (SOFR 30 Day Average + 0.95%, 6.00% Cap), 4.61%, 10/25/2054 | 2.0 |
| FNMA UMBS, Pool FA1705, 2.50%, 03/01/2052 | 2.0 |
| FHLMC UMBS, Pool SD8492, 5.00%, 01/01/2055 | 2.0 |
| FHLMC UMBS, Pool QD3879, 2.50%, 12/01/2051 | 2.0 |
| FNMA UMBS, Pool FM7418, 2.50%, 06/01/2051 | 1.9 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DMBS326

Semi-Annual Shareholder Report

#### DoubleLine Commodity Strategy ETF
NYSE Arca: DCMT (Inception Date: January 31, 2024)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Commodity Strategy ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DCMT | $37 | 0.65% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$34,677,013

* Number of Portfolio Holdings14

* Portfolio Turnover Rate0%

# What did the Fund invest in?

# Collateral (% of Net Assets)

---

| | |
|:---|:---|
| Treasury Bills | 94.2 |
| Cash | 5.8 |

---

# Commodity Exposure (% of Net Assets)

---

| | |
|:---|:---|
| Energy | 54.7 |
| Agriculture | 18.8 |
| Industrial Metals | 10.3 |
| Livestock | 8.4 |
| Precious Metals | 7.8 |
| The Fund gained exposure to these allocations through the use of swap contracts. | The Fund gained exposure to these allocations through the use of swap contracts. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| U.S. Treasury Bills, 0.00%, 06/11/2026 | 57.6 |
| U.S. Treasury Bills, 0.00%, 07/21/2026 | 17.1 |
| U.S. Treasury Bills, 0.00%, 04/14/2026 | 5.8 |
| U.S. Treasury Bills, 0.00%, 04/30/2026 | 5.8 |
| U.S. Treasury Bills, 0.00%, 06/23/2026 | 4.6 |
| JPMorgan U.S. Government Money Market Fund - Class IM, 3.60% | 3.7 |
| U.S. Treasury Bills, 0.00%, 05/14/2026 | 3.4 |
| Goldman Sachs plc - USD Treasury Liquid Reserves Fund, 3.53% | 0.9 |
| JPMorgan Liquidity Funds - JPM USD Treasury CNAV Fund, 3.49% | 0.9 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DCMT326

Semi-Annual Shareholder Report

#### DoubleLine Fortune 500 Equal Weight ETF
NYSE Arca: DFVE (Inception Date: January 31, 2024)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Fortune 500 Equal Weight ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DFVE | $10 | 0.20% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$27,297,127

* Number of Portfolio Holdings448

* Portfolio Turnover Rate8%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Industrials | 17.0 |
| Consumer Discretionary | 15.4 |
| Financials | 15.3 |
| Health Care | 9.7 |
| Information Technology | 9.6 |
| Consumer Staples | 8.9 |
| Energy | 6.6 |
| Materials | 6.0 |
| Utilities | 5.5 |
| Communication Services | 4.4 |
| Real Estate | 1.3 |
| Short-Term Investments | 0.2 |
| Other | 0.1 |

---

# Portfolio Characteristics

---

| | |
|:---|:---|
| Median Market Cap ($B) | $33.04 |
| Average Mkt Cap ($B) | $118.95 |
| Price-to-Earnings<sup>Footnote Reference1</sup> | 14.96% |
| Price-to-Book | 2.62% |
| <sup>Footnote Reference1</sup> Forward 12-Month Price-to-Earnings Ratio. | <sup>Footnote Reference1</sup> Forward 12-Month Price-to-Earnings Ratio. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| Avis Budget Group, Inc. | 0.4 |
| Par Pacific Holdings, Inc. | 0.4 |
| APA Corp. | 0.4 |
| PBF Energy, Inc. - Class A | 0.3 |
| Dell Technologies, Inc. - Class C | 0.3 |
| Dow, Inc. | 0.3 |
| Delek US Holdings, Inc. | 0.3 |
| Caesars Entertainment, Inc. | 0.3 |
| Murphy USA, Inc. | 0.3 |
| HF Sinclair Corp. | 0.3 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DFVE326

Semi-Annual Shareholder Report

#### DoubleLine Multi-Sector Income ETF
NYSE Arca: DMX (Inception Date: November 29, 2024)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Multi-Sector Income ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DMX | $25 | 0.49% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$81,936,923

* Number of Portfolio Holdings532

* Portfolio Turnover Rate29%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| U.S. Corporate Bonds | 40.0 |
| Non-Agency Residential Collateralized Mortgage Obligations | 18.3 |
| Bank Loans | 14.5 |
| Non-Agency Commercial Mortgage-Backed Obligations | 9.8 |
| Short-Term Investments | 6.2 |
| Collateralized Loan Obligations | 5.4 |
| Foreign Corporate Bonds | 4.0 |
| Asset-Backed Obligations | 2.7 |
| Common Stocks | 0.0 |
| Other | -0.9 |

---

# Credit Quality Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Investment Grade | 33.8 |
| Below Investment Grade | 60.9 |
| Unrated | 0.1 |
| Other | 5.2 |
| Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. | Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| Bain Capital Credit CLO, Series 2018-2A-DR (CME Term SOFR 3 Month + 2.95%, 2.95% Floor), 6.62%, 07/19/2031 | 1.2 |
| Verus Securitization Trust, Series 2025-5-B1, 7.06%, 06/25/2070 | 0.9 |
| MFA Trust, Series 2025-NQM5-M1, 5.89%, 11/25/2070 | 0.9 |
| Verus Securitization Trust, Series 2025-6-B1, 6.87%, 07/25/2070 | 0.9 |
| PRPM Trust, Series 2025-NQM3-B1, 6.89%, 05/25/2070 | 0.9 |
| EFMT, Series 2025-INV2-B2, 7.50%, 05/26/2070 | 0.9 |
| Verus Securitization Trust, Series 2025-9-B2, 7.38%, 10/27/2070 | 0.9 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM5-B1, 7.07%, 07/25/2070 | 0.9 |
| New Residential Mortgage Loan Trust, Series 2026-NQM1-B1, 6.60%, 11/25/2065 | 0.9 |
| Verus Securitization Trust, Series 2025-11-B1, 6.41%, 11/25/2070 | 0.8 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DMX326

Semi-Annual Shareholder Report

#### DoubleLine Asset-Backed Securities ETF
NYSE Arca: DABS (Inception Date: February 28, 2025)

#### March 31, 2026
![Image](i1ce4c52146bbbc829376d6f4.jpg)

This semi-annual shareholder report contains important information about the DoubleLine Asset-Backed Securities ETF for the period of 10/1/2025 to 3/31/2026. You can find additional information about the Fund at doubleline.com/doubleline-exchange-traded-funds/. You can also request this information by contacting us at (855) 937-0772.

# What were the Fund's costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup>** |
| DABS | $20 | 0.39% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Annualized |

---

# Key Fund Statistics
* Net Assets$116,579,394

* Number of Portfolio Holdings126

* Portfolio Turnover Rate15%

# What did the Fund invest in?

# Sector Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| Consumer Loans | 22.35 |
| Aircraft | 21.6 |
| Data Infrastructure | 17.59 |
| Auto Loans | 12.77 |
| Whole Business | 9.7 |
| Residential Solar | 4.21 |
| Home Improvement | 4.01 |
| Timeshare | 1.78 |
| Student Loans | 1.22 |
| Railcar | 0.94 |
| Equipment | 0.61 |
| Commercial Solar | 0.41 |
| Container | 0.17 |
| Other | 2.64 |

---

# Credit Quality Breakdown (% of Net Assets)

---

| | |
|:---|:---|
| AAA | 15.2 |
| AA | 15.9 |
| A | 30.7 |
| BBB | 36.0 |
| Not Rated | 1.3 |
| Other | 0.9 |
| Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. | Credit quality ratings reflect the highest rating assigned by S&P Global Ratings, Fitch Ratings Inc. or Moody's Ratings, if ratings differ. These ratings agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are BBB/Baa or higher. Below investment grade ratings are BB/Ba or lower. |

---

# Top Holdings (% of Net Assets)

---

| | |
|:---|:---|
| Upstart Securitization Trust, Series 2025-4-A2, 4.56%, 11/20/2035 | 4.3 |
| SoFi Consumer Loan Program Trust, Series 2026-1-B, 4.44%, 12/26/2035 | 2.6 |
| RCKT Trust, Series 2025-1A-A, 4.90%, 07/25/2034 | 2.3 |
| Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-CA-C, 4.44%, 08/20/2030 | 2.1 |
| Upstart Securitization Trust, Series 2025-3-A2, 4.60%, 09/20/2035 | 1.9 |
| EWC Master Issuer LLC, Series 2022-1A-A2, 5.50%, 03/15/2052 | 1.8 |
| GreenSky Home Improvement Issuer Trust, Series 2025-3A-A3, 4.52%, 12/27/2060 | 1.8 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1-A3, 4.67%, 08/15/2028 | 1.8 |
| MAPS Trust, Series 2026-1A-B, 6.13%, 01/15/2051 | 1.7 |
| Hilton Grand Vacations Trust, Series 2025-3EXT-B, 4.90%, 10/25/2044 | 1.5 |

---

![An image of a QR code that, when scanned, navigates the user to the following URL: http://www.doubleline.com/fund-documents/](i8998409393f0d34c86d690e3.jpg)

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code or visit https://doubleline.com/fund-documents.

![Image](i3ec8970ea4ed444559946933.jpg)

# Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your DoubleLine documents not be householded, please contact DoubleLine at (855) 937-0772, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by DoubleLine or your financial intermediary.

DoubleLine<sup>®</sup> is a registered trademark of DoubleLine Capital LP©2026 DoubleLine Capital LP

DABS326

(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

**Item 2. Code of Ethics.** 

Disclosure required in Registrant's annual Form N-CSR filing.

**Item 3. Audit Committee Financial Expert.** 

Disclosure required in Registrant's annual Form N-CSR filing.

**Item 4. Principal Accountant Fees and Services.** 

Disclosure required in Registrant's annual Form N-CSR filing. 
```
<pre style="mso-style-link: "HTML Preformatted Char";font-size: 10.0pt;font-family: "Courier New";text-align: justify;text-indent: -.5in;margin-left: .5in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b> </b></pre>
```

**Item 5. Audit Committee of Listed Registrants.**

Disclosure required in Registrant's annual Form N-CSR filing.

**Item 6. Investments**

(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's Schedule of Investments is included as part of the Financial Statements filed under Item 7(a) of this Form.

(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copy of the most recent financial statements:

(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Included as part of the financial statements filed under Item 7(a) of this Form.

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information
March

31,

2026

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
NYSE

ARCA:

DBND

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF
NYSE

ARCA:

CAPE

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF\*
NYSE

ARCA:

DCRE

#### DoubleLine

#### Mortgage

#### ETF
NYSE

ARCA:

DMBS

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
NYSE

ARCA:

DCMT

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF
NYSE

ARCA:

DFVE

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
NYSE

ARCA:

DMX

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF
NYSE

ARCA:

DABS

\*

Form

erly

known

as

the

DoubleLine

Commercial

Real

Estate

ETF

DoubleLine

\|

\|

2002

North

Tampa

Street,

Suite

\|

\|

Tampa,

FL

33602

\|

\|

(813) 791-7333

ETFinfo@doubleline.com

\|

\|

www.doubleline.com

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 3

#### Table

#### of

#### Contents

#### Page
Schedules

of

Investments

Statements

of

Assets

and

Liabilities

Statements

of

Operations

Statements

of

Changes

in

Net

Assets

Financial

Highlights

Notes

to

Financial

Statements

Form

N-CSR

–

Items

8-11

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Unaudited)

March

31,

2026

#### 4

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

#### COMMON

#### STOCKS 0.0%
(a) 767

#### Altice

#### France

#### SA
(b) 12,966

#### Total

#### Common

#### Stock

#### (Cost

#### $12,263)

#### 12,966

#### ASSET-BACKED

#### OBLIGATIONS

#### 7.6%

#### Aaset

#### LLC

#### ,
404,102

Series

2022-1A-A

6.00%

(c) 05/16/2047

409,511

#### Aaset

#### Ltd.

#### ,
375,536

Series

2024-2A-B

6.61%

(c) 09/16/2049

375,700

#### Aaset

#### MT-1

#### Ltd.

#### ,
490,283

Series

2025-3A-B

5.73%

(c) 02/16/2050

483,999

#### Aaset

#### Trust

#### ,
379,567

Series

2021-2A-A

2.80%

(c) 01/15/2047

358,558

243,708

Series

2024-1A-A1

6.26%

(c) 05/16/2049

245,533

402,126

Series

2024-1A-B

6.90%

(c) 05/16/2049

404,895

569,840

Series

2025-1A-A

5.94%

(c) 02/16/2050

565,207

#### Affirm

#### Asset

#### Securitization

#### Trust

#### ,
975,000

Series

2025-X1-B

5.19%

(c) 04/15/2030

975,999

875,000

Series

2025-X2-D

5.23%

(c) 10/15/2030

872,836

#### Affirm

#### Master

#### Trust

#### ,
1,250,000

Series

2025-1A-C

5.28%

(c) 02/15/2033

1,252,366

#### AMSR

#### Trust

#### ,
2,100,000

Series

2023-SFR2-A

3.95%

(c) 06/17/2040

2,066,545

#### Avant

#### Loans

#### Funding

#### Trust

#### ,
600,000

Series

2024-REV1-B

6.17%

(c) 10/15/2033

600,952

1,300,000

Series

2025-REV1-C

6.06%

(c) 05/15/2034

1,304,999

#### Business

#### Jet

#### Securities

#### LLC

#### ,
390,055

Series

2024-2A-B

5.75%

(c) 09/15/2039

386,615

#### Castlelake

#### Aircraft

#### Structured

#### Trust

#### ,
453,544

Series

2025-1A-A

5.78%

(c) 02/15/2050

457,144

1,200,000

Series

2026-1A-B

5.76%

(c) 03/15/2051

1,183,107

#### Cherry

#### Securitization

#### Trust

#### ,
550,000

Series

2025-1A-A

6.13%

(c) 11/15/2032

555,690

#### Cloud

#### Capital

#### Holdco

#### LP

#### ,
500,000

Series

2024-2A-A2

5.92%

(c) 11/22/2049

501,279

#### Compass

#### Datacenters

#### Issuer

#### II

#### LLC

#### ,
250,000

Series

2024-2A-B2

6.00%

(c) 08/25/2049

249,499

#### DataBank

#### Issuer

#### ,
500,000

Series

2023-1A-A2

5.12%

(c) 02/25/2053

497,446

#### DataBank

#### Issuer

#### II

#### LLC

#### ,
1,000,000

Series

2025-1A-A2

5.18%

(c) 09/27/2055

971,990

#### Dividend

#### Solar

#### Loans

#### LLC

#### ,
350,697

Series

2018-1-B

4.29%

(c) 07/20/2038

331,550

#### EWC

#### Master

#### Issuer

#### LLC

#### ,
481,250

Series

2022-1A-A2

5.50%

(c) 03/15/2052

477,808

#### ExteNet

#### Issuer

#### LLC

#### ,
500,000

Series

2024-1A-B

6.15%

(c) 07/25/2054

505,292

#### GoodLeap

#### Home

#### Improvement

#### Solutions

#### Trust

#### ,
774,389

Series

2025-2A-B

5.98%

(c) 06/20/2049

782,649

#### GreenSky

#### Home

#### Improvement

#### Issuer

#### Trust

#### ,
135,000

Series

2025-2A-B

5.07%

(c) 06/25/2060

134,871

700,000

Series

2025-3A-D

5.15%

(c) 12/27/2060

691,037

#### Hilton

#### Grand

#### Vacations

#### Trust

#### ,
85,406

Series

2022-1D-C

4.69%

(c) 06/20/2034

85,271

989,708

Series

2025-3EXT-B

4.90%

(c) 10/25/2044

984,196

#### Horizon

#### Aircraft

#### Finance

#### IV

#### Ltd.

#### ,
462,500

Series

2024-1-A

5.38%

(c) 09/15/2049

459,354

#### Hyundai

#### Auto

#### Receivables

#### Trust

#### ,
950,000

Series

2024-C-B

4.67%

01/15/2031

958,658

#### Invitation

#### Homes

#### Trust

#### ,
1,167,000

Series

2024-SFR1-D

4.25%

(c) 09/17/2041

1,125,944

#### Jack

#### in

#### the

#### Box

#### Funding

#### LLC

#### ,
230,000

Series

2022-1A-A2II

4.14%

(c) 02/26/2052

197,027

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Lmrk

#### Issuer

#### Co.

#### LLC

#### ,
1,000,000

Series

2025-1A-A

5.52%

(c) 09/15/2055

999,810

#### Lunar

#### Structured

#### Aircraft

#### Portfolio

#### Notes

#### ,
638,260

Series

2021-1-A

2.64%

(c) 10/15/2046

603,967

#### MAST

#### Ltd.

#### ,
1,192,857

Series

2026-1A-A

5.13%

(c) 02/15/2051

1,167,719

#### Mosaic

#### Solar

#### Loan

#### Trust

#### ,
398,688

Series

2018-2GS-A

4.20%

(c) 02/22/2044

372,993

495,587

Series

2024-1A-A

5.50%

(c) 09/20/2049

470,744

#### Phantom

#### Aviation

#### ,
996,342

Series

2026-1A-B

6.03%

(c) 01/15/2051

1,005,535

#### PRET

#### LLC

#### ,
900,950

Series

2025-NPL7-A1

5.66%

(c)(d) 07/25/2055

903,335

#### Progress

#### Residential

#### Trust

#### ,
2,669,229

Series

2024-SFR2-A

3.30%

(c) 04/17/2041

2,561,219

2,500,000

Series

2024-SFR4-C

3.33%

(c) 07/17/2041

2,361,722

#### QTS

#### Issuer

#### ABS

#### II

#### LLC

#### ,
1,000,000

Series

2025-1A-B

5.78%

(c) 10/05/2055

969,803

#### Redaptive

#### Eaas

#### Issuer

#### LLC

#### ,
708,890

Series

2025-1A-A

5.94%

(c) 03/25/2042

708,562

#### Retained

#### Vantage

#### Data

#### Centers

#### Issuer

#### LLC

#### ,
500,000

Series

2023-1A-B

5.75%

(c) 09/15/2048

493,998

#### Sabey

#### Data

#### Center

#### Issuer

#### LLC

#### ,
650,000

Series

2024-1-A2

6.00%

(c) 04/20/2049

654,137

#### Scalelogix

#### Abs

#### Us

#### Issuer

#### LLC

#### ,
1,000,000

Series

2025-1A-B

6.16%

(c) 07/25/2055

985,060

#### SERVPRO

#### Master

#### Issuer

#### LLC

#### ,
490,000

Series

2024-1A-A2

6.17%

(c) 01/25/2054

502,414

#### SFS

#### Auto

#### Receivables

#### Securitization

#### Trust

#### ,
2,469,164

Series

2025-3A-A2

4.11%

(c) 03/20/2029

2,469,553

#### SMB

#### Private

#### Education

#### Loan

#### Trust

#### ,
238,858

Series

2021-A-B

2.31%

(c) 01/15/2053

233,499

#### SoFi

#### Consumer

#### Loan

#### Program

#### Trust

#### ,
500,000

Series

2025-1-C

5.42%

(c) 02/27/2034

506,420

1,500,000

Series

2025-2-B

4.97%

(c) 06/25/2034

1,509,544

500,000

Series

2025-3-C

5.04%

(c) 08/15/2034

496,611

#### Stellantis

#### Financial

#### Underwritten

#### Enhanced

#### Lease

#### Trust

#### ,
1,200,000

Series

2025-CA-C

4.44%

(c) 08/20/2030

1,192,007

#### Subway

#### Funding

#### LLC

#### ,
296,250

Series

2024-1A-A23

6.51%

(c) 07/30/2054

297,237

395,000

Series

2024-3A-A23

5.91%

(c) 07/30/2054

386,131

#### Switch

#### ABS

#### Issuer

#### LLC

#### ,
500,000

Series

2024-2A-B

6.20%

(c) 06/25/2054

493,156

500,000

Series

2025-2A-B

6.24%

(c) 10/25/2055

489,533

300,000

Series

2026-1A-A21

5.61%

(c) 03/27/2056

300,679

#### Textainer

#### Marine

#### Containers

#### VII

#### Ltd.

#### ,
300,679

Series

2024-1A-A

5.25%

(c) 08/20/2049

299,733

#### Tricon

#### Residential

#### Trust

#### ,
2,000,000

Series

2024-SFR3-C

5.25%

(c) 08/17/2041

1,989,305

1,103,714

Series

2025-SFR2-A

5.20%

(c) 08/17/2044

1,101,563

#### Upstart

#### Securitization

#### Trust

#### ,
591,702

Series

2025-2-A2

5.22%

(c) 06/20/2035

593,510

827,845

Series

2025-3-A2

4.60%

(c) 09/20/2035

828,091

1,750,000

Series

2025-4-A2

4.56%

(c) 11/20/2035

1,750,807

#### USQ

#### Rail

#### III

#### LLC

#### ,
474,717

Series

2024-1A-A

4.99%

(c) 09/28/2054

465,787

#### VOLT

#### C

#### LLC

#### ,
101,462

Series

2021-NPL9-A1

5.99%

(c)(d) 05/25/2051

101,528

#### Washington

#### Mutual

#### WMABS

#### Trust

#### ,
3,452,570

Series

2007-HE2-2A2

(CME

Term

SOFR

Month

+

0.55%,

0.44%

Floor)

4.23%

02/25/2037

1,084,332

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 5

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Willis

#### Engine

#### Structured

#### Trust

#### IX

#### ,
988,623

Series

2025-B-A

5.16%

(c) 12/15/2050

982,277

#### Zayo

#### Issuer

#### LLC

#### ,
385,000

Series

2025-1A-B

6.09%

(c) 03/20/2055

389,010

#### Total

#### Asset-Backed

#### Obligations

#### (Cost

#### $53,740,091)

#### 54,174,858

#### BANK

#### LOANS

#### 2.4%

#### 1261229

#### BC

#### Ltd.

#### ,
24,813

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

6.25%)

9.92%

10/08/2030

24,013

#### Acrisure

#### LLC

#### ,
292,245

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

11/06/2030

283,697

#### ADMI

#### Corp.

#### ,
93,196

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.50%

Floor)

7.53%

12/23/2027

87,651

#### Alera

#### Group,

#### Inc.

#### ,
89,551

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

05/31/2032

87,042

#### Alkermes,

#### Inc.

#### ,
105,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

08/12/2031

105,919

#### Allied

#### Universal

#### Holdco

#### LLC

#### ,
89,550

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

08/20/2032

89,662

#### Allison

#### Transmission,

#### Inc.

#### ,
90,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.42%

01/03/2033

90,427

#### Alterra

#### Mountain

#### Co.

#### ,
64,837

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

08/17/2028

64,898

#### Altice

#### France

#### SA

#### ,
138,720

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

6.88%)

10.55%

05/30/2031

139,270

#### American

#### Axle

#### &

#### Manufacturing,

#### Inc.

#### ,
79,200

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.91%

02/03/2033

79,002

#### AmWINS

#### Group,

#### Inc.

#### ,
128,623

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

01/30/2032

127,917

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Applied

#### Systems,

#### Inc.

#### ,
10,000

Senior

Secured

Second

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.20%

02/23/2032

9,906

#### Apro

#### LLC

#### ,
113,547

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.43%

07/09/2031

114,044

#### Ardonagh

#### Group

#### Finco

#### Pty.

#### Ltd.

#### ,
124,065

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.45%

02/18/2031

121,352

#### Ascend

#### Learning

#### LLC

#### ,
232,051

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%,

0.50%

Floor)

6.67%

12/11/2028

227,062

#### Aspire

#### Bakeries

#### Holdings

#### LLC

#### ,
59,400

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

12/23/2030

59,548

#### Asurion

#### LLC

#### ,
54,675

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%)

7.92%

09/19/2030

54,128

11,776

Senior

Secured

Second

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.25%)

9.03%

01/19/2029

11,718

#### AthenaHealth

#### Group,

#### Inc.

#### ,
64,836

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%,

0.50%

Floor)

6.42%

02/15/2029

63,742

#### Aveanna

#### Healthcare

#### LLC

#### ,
134,738

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

09/17/2032

134,830

#### Bausch

#### +

#### Lomb

#### Corp.

#### ,
258,300

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

01/15/2031

259,189

#### BCPE

#### Empire

#### Holdings,

#### Inc.

#### ,
127,193

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%,

0.50%

Floor)

6.92%

12/11/2030

125,497

25,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.17%

12/29/2032

24,656

#### 6

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### BioMarin

#### Pharmaceutical,

#### Inc.

#### ,
110,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.17%

01/28/2033

109,863

#### Blackfin

#### Pipeline

#### LLC

#### ,
89,775

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.69%

09/29/2032

90,378

#### Boots

#### Group

#### Finco

#### LP

#### ,
74,813

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

08/30/2032

75,171

#### Boxer

#### Parent

#### Co.,

#### Inc.

#### ,
158,400

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

07/30/2031

147,295

#### Caesars

#### Entertainment,

#### Inc.

#### ,
238,997

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

02/06/2031

232,723

#### Camelot

#### U.S.

#### Acquisition

#### LLC

#### ,
55,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

01/31/2031

47,793

#### Cengage

#### Learning,

#### Inc.

#### ,
214,552

Senior

Secured

First

Lien

Term

Loan

(TSFR1M

+

3%;

TSFR3M

+

3%

+

3.00%)

6.67%

03/24/2031

210,618

#### Chariot

#### Buyer

#### LLC

#### ,
144,636

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

09/08/2032

143,486

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.

#### ,
105,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.79%

08/23/2028

105,420

#### Cloud

#### Software

#### Group,

#### Inc.

#### ,
29,925

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

08/16/2032

27,467

#### Clydesdale

#### Acquisition

#### Holdings,

#### Inc.

#### ,
33,029

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.18%,

0.50%

Floor)

6.84%

04/13/2029

31,591

19,950

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

04/01/2032

18,686

#### Colossus

#### Acquireco

#### LLC

#### ,
243,775

Senior

Secured

First

Lien

Term

Loan

(TSFR1D

+

1.75%)

5.38%

07/30/2032

243,261

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Columbus

#### McKinnon

#### Corp.

#### ,
141,284

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.20%

02/03/2033

140,931

#### CompoSecure

#### Holdings

#### LLC

#### ,
65,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.93%

01/14/2033

64,960

#### Construction

#### Partners,

#### Inc.

#### ,
69,125

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

11/03/2031

69,201

#### Corpay

#### Technologies

#### Operating

#### Co.

#### LLC

#### ,
19,750

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.42%

04/28/2028

19,760

#### Cotiviti,

#### Inc.

#### ,
53,310

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

05/01/2031

49,245

89,325

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

03/26/2032

82,447

#### CPI

#### Holdco

#### B

#### LLC

#### ,
19,899

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

05/19/2031

19,793

#### Crown

#### Finance

#### U.S.,

#### Inc.

#### ,
139,250

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.17%

12/02/2031

138,097

#### CSC

#### Holdings

#### LLC

#### ,
19,482

Senior

Secured

First

Lien

Term

Loan

(US

Prime

Rate

+

1.50%)

8.25%

04/15/2027

17,217

#### Dayforce

#### Bidco

#### LLC

#### ,
330,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.66%

02/04/2033

313,041

#### Delta

#### 2
(Lux)

#### Sarl

#### ,
355,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.45%

09/30/2031

354,778

#### DG

#### Investment

#### Intermediate

#### Holdings

#### 2,

#### Inc.

#### ,
245,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

07/09/2032

245,153

#### Eagle

#### Parent

#### Corp.

#### ,
142,893

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%,

0.50%

Floor)

7.92%

04/02/2029

143,355

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 7

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Edelman

#### Financial

#### Engines

#### Center

#### LLC
(The)

#### ,
55,000

Senior

Secured

Second

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.25%)

8.92%

10/20/2028

54,601

#### EG

#### America

#### LLC

#### ,
210,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

02/10/2031

210,420

#### Eisner

#### Advisory

#### Group

#### LLC

#### ,
99,749

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.67%

02/28/2031

95,261

#### EMRLD

#### Borrower

#### LP

#### ,
64,029

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

6.12%

08/04/2031

63,995

#### Fertitta

#### Entertainment

#### LLC

#### ,
179,532

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%,

0.50%

Floor)

6.92%

01/29/2029

176,391

#### First

#### Advantage

#### Holdings

#### LLC

#### ,
54,350

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.45%

10/31/2031

53,036

#### Focus

#### Financial

#### Partners

#### LLC

#### ,
217,851

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

09/15/2031

211,304

#### Freeport

#### LNG

#### Investments

#### LLLP

#### ,
175,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.89%

02/11/2033

175,292

#### Froneri

#### U.S.,

#### Inc.

#### ,
314,213

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.88%

09/30/2032

308,736

#### Gainwell

#### Acquisition

#### Corp.

#### ,
203,607

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%,

0.75%

Floor)

7.80%

10/01/2027

198,094

#### Garda

#### World

#### Security

#### Corp.

#### ,
157,902

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

02/01/2029

157,112

#### GBT

#### U.S.

#### III

#### LLC

#### ,
79,399

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

07/25/2031

77,930

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Gen

#### Digital,

#### Inc.

#### ,
99,250

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.42%

04/16/2032

97,917

#### Genmab

#### A/S

#### ,
73,125

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.73%

12/13/2032

73,485

#### GIP

#### Pilot

#### Acquisition

#### Partners

#### LP

#### ,
19,483

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.65%

10/04/2030

19,532

#### Golden

#### State

#### Foods

#### LLC

#### ,
49,488

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.20%

12/04/2031

49,615

#### Graham

#### Packaging

#### Co.,

#### Inc.

#### ,
170,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

01/26/2033

168,548

#### Grant

#### Thornton

#### Advisors

#### LLC

#### ,
328,584

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

06/02/2031

307,568

#### Great

#### Outdoors

#### Group

#### LLC

#### ,
90,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%,

0.75%

Floor)

6.92%

01/23/2032

89,966

#### Green

#### Infrastructure

#### Partners,

#### Inc.

#### ,
230,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.45%

09/24/2032

230,000

#### Herc

#### Holdings,

#### Inc.

#### ,
29,925

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.43%

06/02/2032

30,019

#### Hexion

#### Holdings

#### Corp.

#### ,
58,501

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%,

0.50%

Floor)

7.67%

03/15/2029

56,100

#### Hightower

#### Holding

#### LLC

#### ,
267,454

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.41%

02/03/2032

265,115

#### Hologic,

#### Inc.

#### ,
335,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.75%

01/14/2033

331,421

#### 8

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### HUB

#### International

#### Ltd.

#### ,
63,295

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%,

0.75%

Floor)

5.92%

06/20/2030

63,225

#### INEOS

#### U.S.

#### Finance

#### LLC

#### ,
23,024

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

02/18/2030

20,189

#### INEOS

#### U.S.

#### Petrochem

#### LLC

#### ,
24,688

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%)

7.92%

10/07/2031

17,605

#### ION

#### Platform

#### Finance

#### U.S.,

#### Inc.

#### ,
170,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

09/30/2032

137,558

#### Kaman

#### Corp.

#### ,
2,362

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.15%

02/26/2032

2,366

127,265

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

02/26/2032

127,459

#### Lavender

#### Dutch

#### BorrowerCo

#### BV

#### ,
69,825

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.94%

12/30/2032

68,952

#### LBM

#### Acquisition

#### LLC

#### ,
32,950

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.75%

Floor)

7.52%

06/06/2031

26,591

#### LC

#### Ahab

#### U.S.

#### Bidco

#### LLC

#### ,
163,707

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

05/01/2031

162,377

#### Life

#### Time,

#### Inc.

#### ,
49,501

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

11/05/2031

49,563

#### LifePoint

#### Health,

#### Inc.

#### ,
137,957

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

05/19/2031

138,156

#### Live

#### Nation

#### Entertainment,

#### Inc.

#### ,
104,738

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

10/21/2032

104,912

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Madison

#### IAQ

#### LLC

#### ,
100,259

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.51%

05/06/2032

100,592

#### Madison

#### Safety

#### &

#### Flow

#### LLC

#### ,
26,854

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.18%

09/26/2031

26,899

#### McAfee

#### Corp.

#### ,
34,015

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%,

0.50%

Floor)

6.67%

03/01/2029

30,486

#### Meade

#### Pipeline

#### Co.

#### LLC

#### ,
90,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.69%

09/22/2032

90,150

#### Medline

#### Borrower

#### LP

#### ,
49,253

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.42%

10/23/2030

49,368

#### MH

#### Sub

#### I

#### LLC

#### ,
141,346

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%,

0.50%

Floor)

7.92%

12/31/2031

94,878

#### Michaels

#### Cos.,

#### Inc.
(The)

#### ,
45,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.00%)

8.67%

03/15/2033

43,765

#### Mitchell

#### International,

#### Inc.

#### ,
137,715

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

06/17/2031

131,783

25,000

Senior

Secured

Second

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.25%,

0.50%

Floor)

8.92%

06/07/2032

22,648

#### MIWD

#### Holdco

#### II

#### LLC

#### ,
148,912

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

03/28/2031

137,681

#### Motion

#### Finco

#### Sarl

#### ,
99,700

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.20%

11/13/2029

87,701

#### MX

#### Holdings

#### U.S.,

#### Inc.

#### ,
24,751

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

03/17/2032

24,843

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 9

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### NEP

#### Group,

#### Inc.

#### ,
35,126

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.17%

10/17/2031

31,912

#### Neptune

#### Bidco

#### US,

#### Inc.

#### ,
30,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.00%)

8.76%

02/03/2033

28,680

#### Nexstar

#### Media,

#### Inc.

#### ,
109,175

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

06/28/2032

108,190

225,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.22%

03/18/2033

222,750

#### NGL

#### Energy

#### Operating

#### LLC

#### ,
35,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.18%

03/11/2033

35,082

#### OAK-Eagle

#### Acquireco,

#### Inc.

#### ,
280,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

6.97%

03/23/2033

278,600

#### OneDigital

#### Borrower

#### LLC

#### ,
118,200

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%,

0.50%

Floor)

6.67%

07/02/2031

114,580

#### Ontario

#### Gaming

#### GTA

#### LP

#### ,
64,008

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%,

0.50%

Floor)

7.95%

08/01/2030

60,139

#### OPAL

#### U.S.

#### LLC

#### ,
199,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.70%

04/28/2032

199,124

#### OPENLANE,

#### Inc.

#### ,
99,750

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.14%

10/08/2032

99,875

#### Osmosis

#### Buyer

#### Ltd.

#### ,
226,367

Senior

Secured

First

Lien

Term

Loan

(TSFR1M

+

2.75%;

TSFR3M

+

2.75%

+

2.75%)

6.41%

07/31/2028

226,120

#### Ovg

#### Business

#### Services

#### LLC

#### ,
248,737

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

06/25/2031

249,048

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Pacific

#### Dental

#### Services,

#### Inc.

#### ,
64,674

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.18%

03/17/2031

64,795

#### PetSmart

#### LLC

#### ,
75,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.67%

08/18/2032

74,644

#### Pinnacle

#### Buyer

#### LLC

#### ,
33,465

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.16%

10/01/2032

33,543

#### Primo

#### Brands

#### Corp.

#### ,
115,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.22%

03/19/2031

115,323

#### Project

#### Aurora

#### U.S.

#### Finco,

#### Inc.

#### ,
50,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.49%

12/06/2032

50,156

#### Pye-Barker

#### Fire

#### &

#### Safety

#### LLC

#### ,
39,150

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.21%

12/16/2032

39,255

#### Quikrete

#### Holdings,

#### Inc.

#### ,
24,314

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

03/19/2029

24,321

79,200

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

02/10/2032

79,150

#### Radiology

#### Partners,

#### Inc.

#### ,
144,275

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.17%

06/30/2032

142,394

#### RealPage,

#### Inc.

#### ,
64,661

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.96%

04/24/2028

62,093

94,775

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.50%

Floor)

7.45%

04/24/2028

92,300

#### Sabre

#### GLBL,

#### Inc.

#### ,
12,270

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

6.00%,

0.50%

Floor)

9.77%

11/15/2029

9,755

#### Savor

#### Acquisition,

#### Inc.

#### ,
73,621

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

02/19/2032

73,805

#### 10

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Sedgwick

#### Claims

#### Management

#### Services,

#### Inc.

#### ,
109,724

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

07/31/2031

107,882

#### Select

#### Medical

#### Corp.

#### ,
95,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.72%

12/31/2031

94,881

#### Signia

#### Aerospace

#### LLC

#### ,
108,876

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

12/11/2031

109,284

#### Six

#### Flags

#### Entertainment

#### Corp.

#### ,
39,300

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

05/01/2031

38,760

#### Southern

#### Veterinary

#### Partners

#### LLC

#### ,
304,236

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.18%

12/04/2031

302,006

#### Staples,

#### Inc.

#### ,
34,736

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.75%)

9.41%

08/23/2029

31,658

#### StubHub

#### Holdco

#### Sub

#### LLC

#### ,
33,760

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.75%)

8.42%

03/15/2030

33,328

#### Sunrise

#### Financing

#### Partnership

#### ,
235,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.47%)

6.10%

02/16/2032

233,874

#### Talen

#### Energy

#### Supply

#### LLC

#### ,
99,750

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

11/25/2032

99,946

#### Team

#### Health

#### Holdings,

#### Inc.

#### ,
79,401

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.66%

06/30/2028

79,233

#### Tecta

#### America

#### Corp.

#### ,
79,600

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.25%

02/18/2032

79,407

#### TKO

#### Worldwide

#### Holdings

#### LLC

#### ,
79,599

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.66%

11/21/2031

79,649

#### TransDigm,

#### Inc.

#### ,
283,500

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

08/19/2032

283,814

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

5,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.16%

02/14/2033

5,008

#### Trident

#### TPI

#### Holdings,

#### Inc.

#### ,
49,673

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.50%

Floor)

7.45%

09/15/2028

47,166

#### Trucordia

#### Insurance

#### Holdings

#### LLC

#### ,
34,363

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

06/17/2032

31,786

#### UKG,

#### Inc.

#### ,
184,536

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

02/10/2031

176,590

#### Univision

#### Communications,

#### Inc.

#### ,
164,165

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.28%

01/23/2029

162,832

#### Verde

#### Purchaser

#### LLC

#### ,
64,435

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.67%

11/30/2030

62,778

#### Vestis

#### Corp.

#### ,
88,625

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

02/24/2031

85,745

#### Victory

#### Capital

#### Holdings,

#### Inc.

#### ,
29,850

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.70%

09/23/2032

29,816

#### Victra

#### Holdings

#### LLC

#### ,
299,487

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.45%

03/30/2029

295,743

#### Virgin

#### Media

#### Bristol

#### LLC

#### ,
120,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

7.04%

01/31/2029

116,050

105,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.18%)

7.05%

03/31/2031

96,130

#### Voyager

#### Parent

#### LLC

#### ,
169,151

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%)

7.95%

07/01/2032

168,217

#### VSE

#### Corp.

#### ,
65,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.47%

03/17/2033

65,014

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 11

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Wand

#### NewCo

#### 3,

#### Inc.

#### ,
152,553

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

01/30/2031

151,512

#### White

#### Cap

#### Supply

#### Holdings

#### LLC

#### ,
53,749

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

10/19/2029

51,821

#### WhiteWater

#### Matterhorn

#### Holdings

#### LLC

#### ,
49,938

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.44%

06/16/2032

49,771

#### Zayo

#### Group

#### Holdings,

#### Inc.

#### ,
272,530

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%

+

0.50%

PIK)

6.79%

03/11/2030

268,086

#### Zelis

#### Payments

#### Buyer,

#### Inc.

#### ,
123,611

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

11/26/2031

119,918

#### Total

#### Bank

#### Loans

#### (Cost

#### $17,082,451)

#### 16,861,444

#### COLLATERALIZED

#### LOAN

#### OBLIGATIONS

#### 3.6%

#### Anthelion

#### CLO

#### Ltd.

#### ,
1,000,000

Series

2025-1A-A1

(CME

Term

SOFR

Month

+

1.50%)

5.17%

(c) 07/20/2036

1,000,955

#### Apidos

#### CLO

#### XXXIX

#### Ltd.

#### ,
500,000

Series

2022-39A-A1R

(CME

Term

SOFR

Month

+

1.23%)

4.90%

(c) 10/21/2038

500,119

#### Apidos

#### Loan

#### Fund

#### Ltd.

#### ,
500,000

Series

2024-1A-A1R

(CME

Term

SOFR

Month

+

1.25%)

4.92%

(c) 10/25/2038

499,750

#### AREIT

#### Ltd.

#### ,
200,000

Series

2024-CRE9-B

(CME

Term

SOFR

Month

+

2.54%,

2.54%

Floor)

6.21%

(c) 05/17/2041

200,187

#### Bain

#### Capital

#### Credit

#### CLO

#### Ltd.

#### ,
500,000

Series

2019-4A-A1RR

(CME

Term

SOFR

Month

+

0.99%)

4.66%

(c) 04/23/2035

499,099

1,000,000

Series

2021-3A-AR

(CME

Term

SOFR

Month

+

1.06%)

4.73%

(c) 07/24/2034

998,661

500,000

Series

2025-4A-D1

(CME

Term

SOFR

Month

+

2.60%)

6.46%

(c) 01/17/2039

497,954

#### Benefit

#### Street

#### Partners

#### CLO

#### 46

#### Ltd.

#### ,
500,000

Series

2025-46A-A

(CME

Term

SOFR

Month

+

1.21%)

4.88%

(c) 01/25/2039

499,731

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Benefit

#### Street

#### Partners

#### CLO

#### XXXVI

#### Ltd.

#### ,
500,000

Series

2024-36A-D1

(CME

Term

SOFR

Month

+

2.95%,

2.95%

Floor)

6.62%

(c) 01/25/2038

498,266

#### BRSP

#### Ltd.

#### ,
510,000

Series

2026-FL3-D

(CME

Term

SOFR

Month

+

2.85%)

6.53%

(c) 08/19/2043

511,896

#### BSPRT

#### Issuer

#### LLC

#### ,
710,000

Series

2026-FL13-A

(CME

Term

SOFR

Month

+

1.50%)

0.00%

(c) 10/18/2043

711,775

#### BSPRT

#### Issuer

#### Ltd.

#### ,
270,000

Series

2023-FL10-B

(CME

Term

SOFR

Month

+

3.27%,

3.27%

Floor)

6.94%

(c) 09/15/2035

270,857

#### BXMT

#### Ltd.

#### ,
750,000

Series

2026-FL6-A

(CME

Term

SOFR

Month

+

1.45%)

5.13%

(c) 08/19/2043

750,709

#### Carlyle

#### US

#### CLO

#### Ltd.

#### ,
500,000

Series

2021-8A-A1R

(CME

Term

SOFR

Month

+

1.27%)

4.94%

(c) 10/15/2038

500,184

500,000

Series

2026-1A-D1

(CME

Term

SOFR

Month

+

2.60%)

0.00%

(c) 04/25/2039

496,752

#### CBAM

#### Ltd.

#### ,
500,000

Series

2017-2A-BR

(CME

Term

SOFR

Month

+

2.11%,

1.85%

Floor)

5.78%

(c) 07/17/2034

500,257

#### Columbia

#### Cent

#### CLO

#### 31

#### Ltd.

#### ,
1,000,000

Series

2021-31A-A1R

(CME

Term

SOFR

Month

+

1.10%)

4.77%

(c) 04/20/2034

998,756

#### Crown

#### City

#### CLO

#### I

#### ,
500,000

Series

2020-1A-A1RR

(CME

Term

SOFR

Month

+

1.37%)

5.04%

(c) 07/20/2038

500,535

#### FS

#### Rialto

#### Issuer

#### LLC

#### ,
300,000

Series

2025-FL10-A

(CME

Term

SOFR

Month

+

1.39%,

1.39%

Floor)

5.06%

(c) 08/19/2042

300,722

#### GoldenTree

#### Loan

#### Management

#### US

#### CLO

#### 27

#### Ltd.

#### ,
500,000

Series

2025-27A-D

(CME

Term

SOFR

Month

+

2.60%)

6.32%

(c) 01/20/2039

502,107

#### ICG

#### US

#### CLO

#### I

#### Ltd.

#### ,
500,000

Series

2023-1A-AR

(CME

Term

SOFR

Month

+

1.38%)

5.05%

(c) 07/18/2038

500,558

#### Invesco

#### CLO

#### Ltd.

#### ,
500,000

Series

2021-3A-DR

(CME

Term

SOFR

Month

+

3.10%)

6.77%

(c) 10/22/2034

485,223

#### Jamestown

#### CLO

#### XII

#### Ltd.

#### ,
500,000

Series

2019-1A-ARR

(CME

Term

SOFR

Month

+

1.37%)

5.04%

(c) 03/20/2038

500,614

#### 12

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Kennedy

#### Lewis

#### CLO

#### 12

#### Ltd.

#### ,
500,000

Series

2023-12A-AR

(CME

Term

SOFR

Month

+

1.33%)

5.00%

(c) 07/20/2038

500,555

#### KREF

#### Ltd.

#### ,
210,000

Series

2021-FL2-AS

(CME

Term

SOFR

Month

+

1.41%,

1.30%

Floor)

5.09%

(c) 02/15/2039

210,367

#### LoanCore

#### Issuer

#### Ltd.

#### ,
31,033

Series

2021-CRE6-A

(CME

Term

SOFR

Month

+

1.41%,

1.30%

Floor)

5.09%

(c) 11/15/2038

31,112

#### Madison

#### Park

#### Funding

#### LXIII

#### Ltd.

#### ,
500,000

Series

2023-63A-A1R

(CME

Term

SOFR

Month

+

1.40%)

5.07%

(c) 07/21/2038

500,503

#### Magnetite

#### XXXV

#### Ltd.

#### ,
500,000

Series

2022-35A-A1RR

(CME

Term

SOFR

Month

+

1.20%)

4.92%

(c) 01/25/2039

499,525

#### Marble

#### Point

#### CLO

#### XIX

#### Ltd.

#### ,
500,000

Series

2020-3A-AR2

(CME

Term

SOFR

Month

+

1.30%)

4.97%

(c) 10/19/2038

500,259

#### MF1

#### LLC

#### ,
730,000

Series

2026-FL21-B

(CME

Term

SOFR

Month

+

1.75%)

5.43%

(c) 02/18/2041

732,977

#### MF1

#### Multifamily

#### Housing

#### Mortgage

#### Loan

#### Trust

#### ,
27,350

Series

2021-FL7-A

(CME

Term

SOFR

Month

+

1.19%,

1.08%

Floor)

4.87%

(c) 10/16/2036

27,380

260,000

Series

2024-FL14-AS

(CME

Term

SOFR

Month

+

2.24%,

2.24%

Floor)

5.91%

(c) 03/19/2039

260,594

280,000

Series

2024-FL15-A

(CME

Term

SOFR

Month

+

1.69%,

1.69%

Floor)

5.37%

(c) 08/18/2041

280,881

#### Neuberger

#### Berman

#### Loan

#### Advisers

#### CLO

#### 44

#### Ltd.

#### ,
500,000

Series

2021-44A-DR

(CME

Term

SOFR

Month

+

2.65%,

2.65%

Floor)

6.32%

(c) 10/16/2035

492,159

#### Octagon

#### Investment

#### Partners

#### 51

#### Ltd.

#### ,
500,000

Series

2021-1A-AR

(CME

Term

SOFR

Month

+

0.99%)

4.66%

(c) 07/20/2034

499,375

#### Point

#### Au

#### Roche

#### Park

#### CLO

#### Ltd.

#### ,
500,000

Series

2021-1A-AR

(CME

Term

SOFR

Month

+

1.17%)

4.83%

(c) 01/20/2039

499,503

#### Sound

#### Point

#### CLO

#### XXXI

#### Ltd.

#### ,
500,000

Series

2021-3A-D

(CME

Term

SOFR

Month

+

3.51%,

3.25%

Floor)

7.18%

(c) 10/25/2034

471,772

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### STWD

#### Ltd.

#### ,
16,587

Series

2021-FL2-A

(CME

Term

SOFR

Month

+

1.31%,

1.20%

Floor)

4.99%

(c) 04/18/2038

16,591

#### Trestles

#### CLO

#### VI

#### Ltd.

#### ,
1,000,000

Series

2023-6A-A1R

(CME

Term

SOFR

Month

+

1.18%,

1.18%

Floor)

4.85%

(c) 04/25/2038

998,705

#### Trestles

#### CLO

#### VIII

#### Ltd.

#### ,
500,000

Series

2025-8A-A1

(CME

Term

SOFR

Month

+

1.33%)

5.00%

(c) 06/11/2035

500,131

#### TRTX

#### Issuer

#### Ltd.

#### ,
650,000

Series

2022-FL5-B

(CME

Term

SOFR

Month

+

2.45%)

6.13%

(c) 02/15/2039

651,202

#### Vibrant

#### CLO

#### IV-R

#### Ltd.

#### ,
500,000

Series

2024-4RA-D1

(CME

Term

SOFR

Month

+

3.75%,

3.75%

Floor)

7.42%

(c) 10/20/2037

496,884

#### Voya

#### CLO

#### Ltd.

#### ,
1,000,000

Series

2013-1A-BR

(CME

Term

SOFR

Month

+

2.16%)

5.83%

(c) 10/15/2030

1,004,389

500,000

Series

2014-4A-CR2

(CME

Term

SOFR

Month

+

3.61%)

7.28%

(c) 07/14/2031

502,521

500,000

Series

2021-1A-DR

(CME

Term

SOFR

Month

+

2.80%,

2.80%

Floor)

6.47%

(c) 07/15/2034

491,625

500,000

Series

2023-1A-A1R

(CME

Term

SOFR

Month

+

1.21%)

4.88%

(c) 01/20/2039

499,957

#### Warwick

#### Capital

#### CLO

#### 6

#### Ltd.

#### ,
500,000

Series

2025-6A-A1

(CME

Term

SOFR

Month

+

1.43%)

5.10%

(c) 07/20/2038

500,542

#### Wind

#### River

#### CLO

#### Ltd.

#### ,
1,000,000

Series

2021-1A-D1R

(CME

Term

SOFR

Month

+

3.95%,

3.95%

Floor)

7.62%

(c) 07/20/2037

998,639

500,000

Series

2021-3A-D1AR

(CME

Term

SOFR

Month

+

3.00%,

3.00%

Floor)

6.67%

(c) 04/20/2038

498,354

#### Total

#### Collateralized

#### Loan

#### Obligations

#### (Cost

#### $25,370,293)

#### 25,392,169

#### FOREIGN

#### CORPORATE

#### BONDS

#### 8.2%

#### AUSTRALIA

#### 0.1%
700,000

#### AngloGold

#### Ashanti

#### Holdings

#### plc
3.38%

11/01/2028

673,073

403,000

#### Glencore

#### Funding

#### LLC
5.20%

(c) 07/01/2033

403,663

1,076,736

#### BERMUDA

#### 0.0%
(a) 385,000

#### Triton

#### Container

#### International

#### Ltd.
5.15%

02/15/2033

377,221

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 13

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### BRAZIL

#### 0.8%
210,909

#### Acu

#### Petroleo

#### Luxembourg

#### Sarl
7.50%

01/13/2032

214,480

700,000

#### Cosan

#### Overseas

#### Ltd.
8.25%

(e) 05/05/2026

663,880

600,000

#### CSN

#### Resources

#### SA
5.88%

04/08/2032

368,253

200,000

#### FS

#### Luxembourg

#### Sarl
8.13%

(c) 02/11/2036

183,940

147,330

#### Guara

#### Norte

#### Sarl
5.20%

06/15/2034

142,928

300,000

#### MARB

#### BondCo

#### plc
3.95%

01/29/2031

266,069

624,627

#### MV24

#### Capital

#### BV
6.75%

06/01/2034

623,822

200,000

#### NBM

#### US

#### Holdings,

#### Inc.
6.63%

08/06/2029

200,285

211,000

#### Nexa

#### Resources

#### SA
6.50%

(c) 01/18/2028

214,824

200,000

#### Petrobras

#### Global

#### Finance

#### BV
5.13%

09/10/2030

196,220

392,231

#### Prumo

#### Participacoes

#### e

#### Investimentos

#### S/A
7.50%

12/31/2031

395,653

600,000

#### Simpar

#### Europe

#### SA
5.20%

01/26/2031

509,100

373,000

#### Suzano

#### Netherlands

#### BV
5.50%

01/15/2036

361,111

200,000

#### Ultrapar

#### International

#### SA
5.25%

10/06/2026

199,918

173,000

#### Vale

#### Overseas

#### Ltd.
6.40%

06/28/2054

175,370

200,000

#### Vamos

#### Europe

#### SA
9.20%

(c) 01/26/2031

189,824

394,680

#### Yinson

#### Bergenia

#### Production

#### BV
8.50%

01/31/2045

417,776

197,340

#### Yinson

#### Bergenia

#### Production

#### BV
8.50%

(c) 01/31/2045

208,888

5,532,341

#### CANADA

#### 0.7%
359,000

#### Bank

#### of

#### Nova

#### Scotia
(The)

#### (SOFR

#### +

#### 1.05%)
4.81%

02/02/2034

354,047

60,000

#### Bausch

#### Health

#### Cos.,

#### Inc.
5.25%

(c) 01/30/2030

38,829

394,000

#### Bell

#### Canada

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.36%)
7.00%

09/15/2055

403,422

624,000

#### Canadian

#### Imperial

#### Bank

#### of

#### Commerce

#### (SOFR

#### Compounded

#### Index

#### +

#### 0.60%)
4.24%

09/08/2028

622,595

281,000

#### CCL

#### Industries,

#### Inc.
3.05%

(c) 06/01/2030

262,339

187,000

#### Cenovus

#### Energy,

#### Inc.
5.40%

03/20/2036

186,136

243,000

#### Element

#### Fleet

#### Management

#### Corp.
5.04%

(c) 03/25/2030

245,447

165,000

#### Enbridge,

#### Inc.
5.45%

03/27/2036

166,484

125,000

#### Garda

#### World

#### Security

#### Corp.
6.50%

(c) 01/15/2031

126,823

370,000

#### Garda

#### World

#### Security

#### Corp.
8.25%

(c) 08/01/2032

366,638

375,000

#### Ontario

#### Gaming

#### GTA

#### LP
8.00%

(c) 08/01/2030

359,691

759,000

#### Royal

#### Bank

#### of

#### Canada

#### (SOFR

#### +

#### 0.98%)
4.31%

11/03/2031

746,482

279,000

#### TELUS

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.71%)
7.00%

10/15/2055

284,940

160,000

#### Toronto-Dominion

#### Bank
(The)

4.93%

10/15/2035

157,475

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

438,000

#### Videotron

#### Ltd.
5.70%

(c) 01/15/2035

442,326

490,000

#### WSP

#### Global,

#### Inc.
5.04%

(c) 09/18/2031

486,115

5,249,789

#### CAYMAN

#### ISLANDS

#### 0.1%
530,000

#### Global

#### Aircraft

#### Leasing

#### Co.

#### Ltd.
8.75%

(c) 09/01/2027

538,369

#### CHILE

#### 0.6%
150,000

#### Agrosuper

#### SA
4.60%

01/20/2032

142,330

400,000

#### Antofagasta

#### plc
5.63%

05/13/2032

405,892

450,000

#### Banco

#### Santander

#### Chile
4.55%

(c) 11/20/2030

444,658

400,000

#### CAP

#### SA
3.90%

04/27/2031

334,648

200,000

#### Cencosud

#### SA
4.38%

07/17/2027

199,208

388,348

#### Chile

#### Electricity

#### Lux

#### MPC

#### II

#### Sarl
5.67%

10/20/2035

392,452

388,348

#### Chile

#### Electricity

#### Lux

#### MPC

#### II

#### Sarl
5.67%

(c) 10/20/2035

392,452

743,900

#### Chile

#### Electricity

#### Lux

#### MPC

#### Sarl
6.01%

01/20/2033

769,460

148,053

#### Chile

#### Electricity

#### PEC

#### SpA
0.00%

01/25/2028

134,580

400,000

#### Corp.

#### Nacional

#### del

#### Cobre

#### de

#### Chile
3.00%

09/30/2029

375,647

247,200

#### GNL

#### Quintero

#### SA
4.63%

07/31/2029

246,502

200,000

#### Inversiones

#### CMPC

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.83%)
6.70%

(c) 12/09/2057

195,470

4,033,299

#### COLOMBIA

#### 0.4%
147,916

#### AL

#### Candelaria

#### Spain

#### SA
7.50%

12/15/2028

150,880

750,000

#### AL

#### Candelaria

#### Spain

#### SA
5.75%

06/15/2033

661,931

200,000

#### Aris

#### Mining

#### Corp.
8.00%

(c) 10/31/2029

207,312

300,000

#### Banco

#### Davivienda

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 4.59%)
8.13%

07/02/2035

304,350

400,000

#### Banco

#### Davivienda

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 4.59%)
8.13%

(c) 07/02/2035

405,800

150,000

#### Banco

#### GNB

#### Sudameris

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 6.66%)
7.50%

04/16/2031

150,012

450,000

#### Empresas

#### Publicas

#### de

#### Medellin

#### ESP
4.38%

02/15/2031

408,919

149,020

#### Fideicomiso

#### PA

#### Pacifico

#### Tres
8.25%

01/15/2035

154,213

400,000

#### Frontera

#### Energy

#### Corp.
7.88%

06/21/2028

391,935

200,000

#### SURA

#### Asset

#### Management

#### SA
6.35%

(c) 05/13/2032

210,542

3,045,894

#### FRANCE

#### 0.3%
189,077

#### Altice

#### France

#### SA
6.88%

(c) 07/15/2032

179,327

#### 14

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

351,000

#### BPCE

#### SA

#### (SOFR

#### +

#### 1.27%)
4.76%

(c) 01/13/2032

346,288

418,000

#### Credit

#### Agricole

#### SA

#### (SOFR

#### +

#### 1.36%)
4.82%

(c) 09/25/2033

409,658

428,000

#### Electricite

#### de

#### France

#### SA
4.88%

(c) 09/21/2038

396,953

200,000

#### Opal

#### Bidco

#### SAS
6.50%

(c) 03/31/2032

200,314

574,000

#### Societe

#### Generale

#### SA

#### (SOFR

#### +

#### 1.73%)
5.44%

(c) 10/03/2036

561,923

2,094,463

#### GERMANY

#### 0.1%
399,000

#### Daimler

#### Truck

#### Finance

#### North

#### America

#### LLC
4.50%

(c) 04/12/2031

391,804

#### GUATEMALA

#### 0.1%
200,000

#### Industrial

#### Subordinated

#### Trust

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.86%)
6.55%

(c) 04/15/2036

200,250

450,000

#### Millicom

#### International

#### Cellular

#### SA
6.25%

03/25/2029

448,621

648,871

#### HONG

#### KONG

#### 0.0%
(a) 210,000

#### Seaspan

#### Corp.
5.50%

(c) 08/01/2029

196,961

#### INDIA

#### 0.6%
200,000

#### Adani

#### Electricity

#### Mumbai

#### Ltd.
3.95%

02/12/2030

183,062

200,000

#### Adani

#### Electricity

#### Mumbai

#### Ltd.
3.87%

07/22/2031

176,301

306,000

#### Adani

#### International

#### Container

#### Terminal

#### Pvt.

#### Ltd.
3.00%

02/16/2031

279,340

200,000

#### Adani

#### Ports

#### &

#### Special

#### Economic

#### Zone

#### Ltd.
3.10%

02/02/2031

175,843

164,250

#### Adani

#### Renewable

#### Energy

#### RJ

#### Ltd.
4.63%

10/15/2039

132,972

665,000

#### Adani

#### Transmission

#### Step-One

#### Ltd.
4.25%

05/21/2036

581,405

400,000

#### BPRL

#### International

#### Singapore

#### Pte.

#### Ltd.
4.38%

01/18/2027

399,113

695,000

#### JSW

#### Hydro

#### Energy

#### Ltd.
4.13%

05/18/2031

636,645

400,000

#### JSW

#### Infrastructure

#### Ltd.
4.95%

01/21/2029

389,908

600,000

#### ONGC

#### Videsh

#### Vankorneft

#### Pte.

#### Ltd.
3.75%

07/27/2026

598,308

250,000

#### Reliance

#### Industries

#### Ltd.
3.67%

11/30/2027

246,613

200,000

#### Wipro

#### IT

#### Services

#### LLC
1.50%

06/23/2026

198,678

3,998,188

#### INDONESIA

#### 0.6%
600,000

#### Freeport

#### Indonesia

#### PT
4.76%

04/14/2027

601,697

600,000

#### Indofood

#### CBP

#### Sukses

#### Makmur

#### Tbk.

#### PT
3.40%

06/09/2031

551,875

778,800

#### Minejesa

#### Capital

#### BV
4.63%

08/10/2030

771,028

600,000

#### Pertamina

#### Persero

#### PT
3.65%

07/30/2029

575,604

200,000

#### Pertamina

#### Persero

#### PT
2.30%

02/09/2031

175,934

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

700,000

#### Perusahaan

#### Perseroan

#### Persero

#### PT

#### Perusahaan

#### Listrik

#### Negara
4.13%

05/15/2027

695,394

200,000

#### Perusahaan

#### Perseroan

#### Persero

#### PT

#### Perusahaan

#### Listrik

#### Negara
3.88%

07/17/2029

192,157

446,250

#### Star

#### Energy

#### Geothermal

#### Wayang

#### Windu

#### Ltd.
6.75%

04/24/2033

448,591

4,012,280

#### IRELAND

#### 0.2%
517,000

#### AerCap

#### Ireland

#### Capital

#### DAC

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.72%)
6.95%

03/10/2055

529,427

400,000

#### AIB

#### Group

#### plc

#### (SOFR

#### Compounded

#### Index

#### +

#### 1.91%)
5.87%

(c) 03/28/2035

413,505

580,000

#### Avolon

#### Holdings

#### Funding

#### Ltd.
5.75%

(c) 03/01/2029

593,250

104,000

#### Avolon

#### Holdings

#### Funding

#### Ltd.
4.70%

(c) 01/30/2031

101,961

140,000

#### GGAM

#### Finance

#### Ltd.
6.88%

(c) 04/15/2029

143,464

1,781,607

#### ISRAEL

#### 0.1%
394,000

#### Teva

#### Pharmaceutical

#### Finance

#### Co.

#### LLC
6.15%

02/01/2036

406,424

#### ITALY

#### 0.0%
(a) 315,000

#### ENEL

#### Finance

#### International

#### NV
4.13%

(c) 09/30/2028

312,470

#### JAPAN

#### 0.1%
600,000

#### Mitsubishi

#### UFJ

#### Financial

#### Group,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 1

#### Year

#### +

#### 0.90%)
5.06%

01/14/2037

589,733

300,000

#### Renesas

#### Electronics

#### Corp.
2.17%

(c) 11/25/2026

295,399

885,132

#### LUXEMBOURG

#### 0.0%
(a) 169,000

#### ArcelorMittal

#### SA
6.00%

06/17/2034

177,839

#### MALAYSIA

#### 0.1%
400,000

#### MISC

#### Capital

#### Two

#### Labuan

#### Ltd.
3.75%

04/06/2027

396,516

#### MEXICO

#### 0.7%
200,000

#### Banco

#### Mercantil

#### del

#### Norte

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 4.07%)
8.38%

(c)(e) 05/20/2031

205,750

200,000

#### Banco

#### Nacional

#### de

#### Comercio

#### Exterior

#### SNC
5.88%

(c) 05/07/2030

204,940

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 15

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

200,000

#### Banco

#### Santander

#### Mexico

#### SA

#### Institucion

#### de

#### Banca

#### Multiple

#### Grupo

#### Financiero

#### Santand
5.62%

12/10/2029

204,940

200,000

#### BBVA

#### Mexico

#### SA

#### Institucion

#### De

#### Banca

#### Multiple

#### Grupo

#### Financiero

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.65%)
5.13%

01/18/2033

194,513

300,000

#### BBVA

#### Mexico

#### SA

#### Institucion

#### De

#### Banca

#### Multiple

#### Grupo

#### Financiero

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 4.31%)
5.88%

09/13/2034

294,848

300,000

#### BBVA

#### Mexico

#### SA

#### Institucion

#### De

#### Banca

#### Multiple

#### Grupo

#### Financiero

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 4.21%)
8.13%

01/08/2039

316,138

198,268

#### Buffalo

#### Energy

#### Mexico

#### Holdings
7.88%

(c) 02/15/2039

207,693

500,000

#### Cemex

#### SAB

#### de

#### CV

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 4.53%)
5.13%

(e) 06/08/2026

498,233

200,000

#### Cemex

#### SAB

#### de

#### CV

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 3.52%)
7.20%

(c)(e) 06/10/2030

202,750

220,500

#### Cometa

#### Energia

#### SA

#### de

#### CV
6.38%

04/24/2035

224,328

200,000

#### Comision

#### Federal

#### de

#### Electricidad
4.69%

05/15/2029

196,616

400,000

#### Comision

#### Federal

#### de

#### Electricidad
3.35%

02/09/2031

358,616

396,203

#### FIEMEX

#### Energia

#### -

#### Banco

#### Actinver

#### SA

#### Institucion

#### de

#### Banca

#### Multiple
7.25%

(c) 01/31/2041

397,293

198,101

#### FIEMEX

#### Energia

#### -

#### Banco

#### Actinver

#### SA

#### Institucion

#### de

#### Banca

#### Multiple
7.25%

01/31/2041

198,646

400,000

#### Mexico

#### City

#### Airport

#### Trust
3.88%

04/30/2028

392,548

415,696

#### Mexico

#### Generadora

#### de

#### Energia

#### S

#### de

#### rl
5.50%

12/06/2032

416,740

200,000

#### Orbia

#### Advance

#### Corp.

#### SAB

#### de

#### CV
6.75%

09/19/2042

159,903

200,000

#### Saavi

#### Energia

#### Sarl
8.88%

(c) 02/10/2035

210,130

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

506,053

#### Tierra

#### Mojada

#### Luxembourg

#### II

#### Sarl
5.75%

12/01/2040

482,015

5,366,640

#### MOROCCO

#### 0.1%
400,000

#### OCP

#### SA
6.75%

05/02/2034

416,527

#### NETHERLANDS

#### 0.1%
455,000

#### ING

#### Groep

#### NV

#### (SOFR

#### Compounded

#### Index

#### +

#### 1.61%)
5.42%

03/23/2037

453,853

239,000

#### NXP

#### BV
4.85%

08/19/2032

235,848

689,701

#### PARAGUAY

#### 0.2%
654,642

#### Bioceanico

#### Sovereign

#### Certificate

#### Ltd.
0.00%

06/05/2034

534,633

792,000

#### Rutas

#### 2

#### &

#### 7

#### Finance

#### Ltd.
0.00%

09/30/2036

605,879

300,000

#### Telefonica

#### Celular

#### del

#### Paraguay

#### SA
5.88%

04/15/2027

299,688

1,440,200

#### PERU

#### 0.8%
200,000

#### Banco

#### BBVA

#### Peru

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.00%)
6.20%

06/07/2034

202,502

850,000

#### Banco

#### de

#### Credito

#### del

#### Peru

#### SA

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.45%)
3.25%

09/30/2031

836,704

150,000

#### Banco

#### Internacional

#### del

#### Peru

#### SAA

#### Interbank
4.80%

(c) 07/15/2031

147,840

550,000

#### Banco

#### Internacional

#### del

#### Peru

#### SAA

#### Interbank

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.07%)
6.40%

04/30/2035

557,672

150,000

#### Banco

#### Internacional

#### del

#### Peru

#### SAA

#### Interbank

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.07%)
6.40%

(c) 04/30/2035

152,093

150,000

#### Fondo

#### MIVIVIENDA

#### SA
5.40%

(c) 03/31/2031

150,188

700,000

#### InRetail

#### Consumer
3.25%

03/22/2028

673,506

400,000

#### Intercorp

#### Financial

#### Services,

#### Inc.
4.13%

10/19/2027

396,472

372,797

#### Lima

#### Metro

#### Line

#### 2

#### Finance

#### Ltd.
5.88%

07/05/2034

381,140

225,080

#### Lima

#### Metro

#### Line

#### 2

#### Finance

#### Ltd.
4.35%

04/05/2036

214,110

200,000

#### Marcobre

#### SAC
5.75%

(c) 01/22/2036

193,352

1,000,000

#### Minsur

#### SA
4.50%

10/28/2031

941,598

400,080

#### Peru

#### LNG

#### Srl
5.38%

03/22/2030

388,631

200,000

#### Volcan

#### Cia

#### Minera

#### SAA
8.50%

(c) 10/28/2032

203,130

5,438,938

#### 16

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### SAUDI

#### ARABIA

#### 0.1%
800,000

#### Avilease

#### Capital

#### Ltd.
4.75%

(c) 11/12/2030

779,312

#### SINGAPORE

#### 0.3%
900,000

#### Oversea-Chinese

#### Banking

#### Corp.

#### Ltd.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.58%)
4.60%

06/15/2032

901,124

800,000

#### United

#### Overseas

#### Bank

#### Ltd.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.23%)
2.00%

10/14/2031

789,329

200,000

#### United

#### Overseas

#### Bank

#### Ltd.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.45%)
3.86%

10/07/2032

198,166

1,888,619

#### SOUTH

#### AFRICA

#### 0.2%
316,000

#### Anglo

#### American

#### Capital

#### plc
5.25%

(c) 03/19/2036

309,117

600,000

#### Gold

#### Fields

#### Orogen

#### Holdings

#### BVI

#### Ltd.
6.13%

05/15/2029

611,885

200,000

#### Sasol

#### Financing

#### USA

#### LLC
4.38%

09/18/2026

199,158

1,120,160

#### SOUTH

#### KOREA

#### 0.1%
1,015,000

#### SK

#### hynix,

#### Inc.
4.25%

(c) 09/11/2028

1,009,602

#### SWITZERLAND

#### 0.0%
(a) 400,000

#### UBS

#### Group

#### AG

#### (SOFR

#### +

#### 1.34%)
5.01%

(c) 03/23/2037

386,977

#### UNITED

#### KINGDOM

#### 0.6%
600,000

#### 180

#### Medical,

#### Inc.
5.30%

(c) 10/08/2035

589,682

400,000

#### Ashtead

#### Capital,

#### Inc.
5.55%

(c) 05/30/2033

404,099

293,000

#### Barclays

#### plc

#### (SOFR

#### +

#### 1.83%)
5.86%

08/11/2046

287,912

242,000

#### BAT

#### Capital

#### Corp.
5.63%

08/15/2035

248,976

472,000

#### BAT

#### Capital

#### Corp.
4.54%

08/15/2047

383,561

200,000

#### Belron

#### UK

#### Finance

#### plc
5.75%

(c) 10/15/2029

201,393

200,000

#### Froneri

#### Lux

#### FinCo.

#### Sarl
6.00%

(c) 08/01/2032

195,195

400,000

#### Lloyds

#### Banking

#### Group

#### plc

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 1

#### Year

#### +

#### 1.60%)
6.07%

06/13/2036

406,737

120,000

#### Macquarie

#### Airfinance

#### Holdings

#### Ltd.
5.20%

(c) 03/27/2028

120,485

254,000

#### Macquarie

#### Airfinance

#### Holdings

#### Ltd.
5.15%

(c) 03/17/2030

252,822

200,000

#### Merlin

#### Entertainments

#### Group

#### US

#### Holdings,

#### Inc.
7.38%

(c) 02/15/2031

167,066

323,000

#### Nationwide

#### Building

#### Society

#### (SOFR

#### +

#### 1.65%)
5.54%

(c) 07/14/2036

324,058

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

340,000

#### NatWest

#### Group

#### plc

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 1

#### Year

#### +

#### 1.30%)
5.91%

03/03/2047

331,513

180,000

#### nVent

#### Finance

#### Sarl
5.65%

05/15/2033

184,801

4,098,300

#### VIETNAM

#### 0.1%
434,536

#### Mong

#### Duong

#### Finance

#### Holdings

#### BV
5.13%

05/07/2029

427,837

#### Total

#### Foreign

#### Corporate

#### Bonds

#### (Cost

#### $58,300,656)

#### 58,219,017

#### FOREIGN

#### GOVERNMENT

#### BONDS,

#### FOREIGN

#### AGENCIES

#### AND

#### FOREIGN

#### GOVERNMENT

#### SPONSORED

#### CORPORATIONS

#### 0.6%

#### BRAZIL

#### 0.1%
400,000

#### Brazil

#### Government

#### Bond
4.75%

01/14/2050

289,760

#### CHILE

#### 0.1%
800,000

#### Chile

#### Government

#### Bond
2.45%

01/31/2031

731,396

#### DOMINICAN

#### REPUBLIC

#### 0.1%
300,000

#### Dominican

#### Republic

#### Government

#### Bond
5.95%

01/25/2027

302,295

150,000

#### Dominican

#### Republic

#### Government

#### Bond
5.50%

02/22/2029

149,092

200,000

#### Dominican

#### Republic

#### Government

#### Bond
4.50%

01/30/2030

190,560

150,000

#### Dominican

#### Republic

#### Government

#### Bond
5.75%

(c) 03/17/2034

143,175

785,122

#### GUATEMALA

#### 0.1%
200,000

#### Republic

#### of

#### Guatemala
4.38%

06/05/2027

198,400

200,000

#### Republic

#### of

#### Guatemala
4.88%

02/13/2028

199,095

397,495

#### MEXICO

#### 0.1%
900,000

#### Mexico

#### Government

#### Bond
4.50%

04/22/2029

894,357

#### MOROCCO

#### 0.1%
700,000

#### Morocco

#### Government

#### Bond
2.38%

12/15/2027

672,331

#### PERU

#### 0.0%
(a) 200,000

#### Peruvian

#### Government

#### Bond
2.84%

06/20/2030

186,270

#### TRINIDAD

#### AND

#### TOBAGO

#### 0.0%
(a) 250,000

#### Trinidad

#### &

#### Tobago

#### Government

#### Bond
6.50%

(c) 01/28/2036

249,000

#### Total

#### Foreign

#### Government

#### Bonds,

#### Foreign

#### Agencies

#### and

#### Foreign

#### Government

#### Sponsored

#### Corporations

#### (Cost

#### $4,228,664)

#### 4,205,731

#### NON-AGENCY

#### COMMERCIAL

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 6.9%

#### 1211

#### Avenue

#### of

#### the

#### Americas

#### Trust

#### ,
260,000

Series

2015-1211-A1A2

3.90%

(c) 08/10/2035

249,243

#### 280

#### Park

#### Avenue

#### Mortgage

#### Trust

#### ,
250,000

Series

2017-280P-A

(CME

Term

SOFR

Month

+

1.18%,

1.13%

Floor)

4.85%

(c) 09/15/2034

248,813

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 17

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### BANK

#### ,
300,000

Series

2018-BN11-C

4.37%

(f) 03/15/2061

274,214

735,000

Series

2018-BN13-B

4.56%

(f) 08/15/2061

702,390

160,000

Series

2019-BN23-A3

2.92%

12/15/2052

150,917

299,416

Series

2020-BN26-A2

2.04%

03/15/2063

288,684

220,000

Series

2021-BN32-A4

2.35%

04/15/2054

200,483

260,445

Series

2021-BN33-A5

2.56%

05/15/2064

234,666

300,000

Series

2021-BN38-A5

2.52%

12/15/2064

265,187

307,000

Series

2022-BNK43-C

5.23%

(f) 08/15/2055

278,796

5,988,814

Series

2023-BNK46-XA

0.62%

(f)(g) 08/15/2056

192,407

11,726,822

Series

2025-BNK50-XA

0.34%

(f)(g) 05/15/2068

320,978

450,000

Series

2025-BNK51-C

5.95%

(f) 12/25/2067

445,979

#### Bank

#### of

#### America

#### Merrill

#### Lynch

#### Commercial

#### Mortgage

#### Trust

#### ,
266,000

Series

2016-UB10-C

4.91%

(f) 07/15/2049

257,927

#### BANK5

#### ,
10,133,774

Series

2023-5YR1-XA

0.15%

(f)(g) 04/15/2056

46,190

326,000

Series

2024-5YR10-AS

5.64%

10/15/2057

331,860

370,000

Series

2024-5YR10-B

6.14%

(f) 10/15/2057

379,120

248,000

Series

2024-5YR8-A3

5.88%

08/15/2057

257,293

302,000

Series

2024-5YR9-A3

5.61%

08/15/2057

310,647

250,000

Series

2025-5YR15-AS

5.76%

07/15/2058

256,491

517,000

Series

2025-5YR16-AS

5.75%

(f) 08/15/2063

530,114

500,000

Series

2025-5YR17-AS

5.63%

(f) 11/15/2058

510,747

455,000

Series

2025-5YR19-AS

5.61%

12/15/2058

465,751

240,000

Series

2026-5YR20-A3

5.10%

02/15/2059

243,692

564,000

Series

2026-5YR21-A3

5.53%

04/15/2059

581,827

#### BBCMS

#### Mortgage

#### Trust

#### ,
300,000

Series

2021-C11-ASB

2.11%

09/15/2054

283,417

300,000

Series

2021-C12-A5

2.69%

11/15/2054

266,769

180,000

Series

2021-C12-AS

2.90%

11/15/2054

157,590

250,000

Series

2021-C9-A5

2.30%

02/15/2054

223,591

100,000

Series

2022-C16-A5

4.60%

(f) 06/15/2055

98,177

200,000

Series

2022-C17-A5

4.44%

09/15/2055

195,573

869,000

Series

2024-5C27-AS

6.41%

(f) 07/15/2057

903,103

314,000

Series

2024-5C29-A3

5.21%

09/15/2057

319,781

787,000

Series

2024-5C31-A3

5.61%

12/15/2057

812,222

500,000

Series

2025-5C33-A4

5.84%

03/15/2058

520,123

330,000

Series

2025-5C34-A3

5.66%

05/15/2058

341,220

375,000

Series

2025-5C36-A3

5.52%

08/15/2058

386,632

408,000

Series

2025-5C37-AS

5.38%

(f) 09/15/2058

413,605

500,000

Series

2025-5C38-A3

5.15%

11/15/2058

508,259

248,000

Series

2026-5C40-C

5.81%

(f) 02/15/2059

247,511

#### Benchmark

#### Mortgage

#### Trust

#### ,
6,611,782

Series

2018-B2-XA

0.43%

(f)(g) 02/15/2051

37,890

350,000

Series

2019-B13-A3

2.70%

08/15/2057

329,636

500,000

Series

2019-B13-C

3.84%

(f) 08/15/2057

430,028

109,489

Series

2019-B14-ASB

2.96%

12/15/2062

106,874

310,000

Series

2019-B15-A4

2.67%

12/15/2072

288,259

250,000

Series

2021-B31-A5

2.67%

12/15/2054

223,030

250,000

Series

2022-B35-C

4.44%

(f) 05/15/2055

201,868

200,000

Series

2023-B38-A4

5.52%

04/15/2056

206,272

7,088,396

Series

2023-V3-XA

0.81%

(f)(g) 07/15/2056

112,504

343,000

Series

2024-V11-A3

5.91%

(f) 11/15/2057

356,501

434,000

Series

2024-V11-C

6.29%

(f) 11/15/2057

439,171

337,000

Series

2024-V5-C

6.97%

(f) 01/10/2057

344,728

274,000

Series

2024-V8-A2

5.71%

07/15/2057

281,368

342,000

Series

2024-V8-A3

6.19%

(f) 07/15/2057

355,879

278,000

Series

2024-V8-D

4.00%

(c) 07/15/2057

247,722

300,000

Series

2024-V9-A3

5.60%

08/15/2057

307,960

750,000

Series

2024-V9-D

4.50%

08/15/2057

677,579

231,000

Series

2025-V15-AS

6.17%

06/15/2058

240,309

250,000

Series

2025-V16-A3

5.44%

(f) 08/15/2058

256,831

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

434,000

Series

2025-V16-C

5.95%

(f) 08/15/2058

438,632

409,000

Series

2025-V17-AM

5.42%

(f) 09/15/2058

412,965

311,000

Series

2025-V18-AS

5.59%

10/15/2058

316,223

455,000

Series

2025-V19-B

5.90%

(f) 01/15/2058

465,178

635,000

Series

2026-B42-ASB

4.94%

03/15/2059

641,903

90,000

Series

2026-V20-C

5.44%

02/15/2059

89,655

531,000

Series

2026-V21-A3

5.13%

03/15/2031

537,558

8,423,000

Series

2026-V21-XA

1.65%

(f)(g) 11/15/2030

533,344

#### BMO

#### Mortgage

#### Trust

#### ,
250,000

Series

2023-C6-ASB

6.21%

09/15/2056

264,933

225,000

Series

2024-5C3-AS

6.29%

(f) 02/15/2057

232,308

309,000

Series

2024-5C6-A3

5.32%

09/15/2057

314,679

223,000

Series

2024-5C7-AS

5.89%

(f) 11/15/2057

226,914

410,000

Series

2025-5C12-AS

5.56%

10/15/2058

419,067

460,000

Series

2025-5C13-AS

5.58%

12/15/2058

464,706

472,000

Series

2026-C14-B

5.82%

(f) 02/15/2059

475,378

#### BSTN

#### Commercial

#### Mortgage

#### Trust

#### ,
210,000

Series

2025-HUB-A

4.57%

(c)(f) 04/13/2041

209,973

370,000

Series

2025-HUB-D

5.75%

(c)(f) 04/13/2041

367,556

#### BX

#### Commercial

#### Mortgage

#### Trust

#### ,
560,000

Series

2026-ALOHA-D

(CME

Term

SOFR

Month

+

2.15%)

0.00%

(c) 04/15/2043

561,400

510,000

Series

2026-CSMO-C

(CME

Term

SOFR

Month

+

2.00%)

5.67%

(c) 02/15/2043

511,546

380,000

Series

2026-XL6-B

(CME

Term

SOFR

Month

+

1.45%)

5.12%

(c) 03/15/2043

377,810

#### BX

#### Trust

#### ,
268,704

Series

2025-ARIA-C

5.52%

(c)(f) 12/13/2042

268,187

315,195

Series

2025-LUNR-A

(CME

Term

SOFR

Month

+

1.50%)

5.17%

(c) 06/15/2040

315,926

#### BXP

#### Trust

#### ,
420,000

Series

2017-GM-C

3.42%

(c)(f) 06/13/2039

410,118

#### CENT

#### ,
244,000

Series

2025-CITY-A

4.92%

(c)(f) 07/10/2040

245,967

#### CFCRE

#### Commercial

#### Mortgage

#### Trust

#### ,
300,000

Series

2016-C7-AM

4.16%

12/10/2054

295,794

#### Citigroup

#### Commercial

#### Mortgage

#### Trust

#### ,
277,405

Series

2018-B2-A3

3.74%

03/10/2051

273,645

100,000

Series

2022-GC48-A5

4.58%

(f) 05/15/2054

99,039

#### Commercial

#### Mortgage

#### Trust

#### ,
205,000

Series

2016-DC2-C

4.73%

(f) 02/10/2049

202,111

244,000

Series

2024-277P-B

7.00%

(c)(f) 08/10/2044

258,567

#### CSMC

#### Trust

#### ,
273,000

Series

2021-B33-A2

3.17%

(c) 10/10/2043

242,721

#### CSTL

#### Commercial

#### Mortgage

#### Trust

#### ,
370,000

Series

2026-GATE3-D

5.52%

(c)(f) 02/10/2043

364,641

#### DBJPM

#### Mortgage

#### Trust

#### ,
218,611

Series

2020-C9-ASB

1.88%

08/15/2053

207,465

#### Del

#### Amo

#### Fashion

#### Center

#### Trust

#### ,
250,000

Series

2017-AMO-C

3.64%

(c)(f) 06/05/2035

239,729

#### ELP

#### Commercial

#### Mortgage

#### Trust

#### ,
370,000

Series

2025-ELP-C

4.80%

(c)(f) 11/13/2042

367,677

250,000

Series

2025-ELP-E

6.02%

(c)(f) 11/13/2042

247,379

#### Extended

#### Stay

#### America

#### Trust

#### ,
366,551

Series

2026-ESH2-D

(CME

Term

SOFR

Month

+

2.25%)

5.92%

(c) 02/15/2043

368,194

#### FIVE

#### Mortgage

#### Trust

#### ,
250,000

Series

2023-V1-D

6.35%

(c)(f) 02/10/2056

239,494

#### 18

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### GGP

#### ,
380,000

Series

2026-TY-A

4.67%

(c)(f) 03/05/2043

375,834

#### GS

#### Mortgage

#### Securities

#### Corp.

#### Trust

#### ,
370,000

Series

2017-375H-A

3.48%

(c)(f) 09/10/2037

360,180

#### GS

#### Mortgage

#### Securities

#### Trust

#### ,
8,851,632

Series

2017-GS7-XA

1.02%

(f)(g) 08/10/2050

79,985

250,000

Series

2019-GC42-A3

2.75%

09/10/2052

236,436

250,000

Series

2019-GSA1-C

3.80%

(f) 11/10/2052

225,865

#### GSMS

#### Trust

#### ,
420,000

Series

2026-DAWN-A

5.82%

(c)(f) 04/10/2043

419,964

#### J.P.

#### Morgan

#### Chase

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
380,000

Series

2015-JP1-AS

4.12%

(f) 01/15/2049

376,784

281,782

Series

2022-NLP-A

(CME

Term

SOFR

Month

+

0.85%,

0.60%

Floor)

4.52%

(c) 04/15/2037

279,092

#### JPMCC

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
7,519,359

Series

2017-JP6-XA

0.98%

(f)(g) 07/15/2050

43,844

#### LBTY

#### Commercial

#### Mortgage

#### Trust

#### ,
140,000

Series

2026-225L-C

5.08%

(c)(f) 02/10/2043

137,856

#### MAD

#### Commercial

#### Mortgage

#### Trust

#### ,
490,000

Series

2025-11MD-D

5.94%

(c)(f) 10/15/2042

498,391

#### Morgan

#### Stanley

#### Bank

#### of

#### America

#### Merrill

#### Lynch

#### Trust

#### ,
250,000

Series

2016-C31-C

4.24%

(f) 11/15/2049

234,466

375,000

Series

2025-5C1-D

4.00%

(c) 03/15/2058

339,405

422,000

Series

2025-5C2-A3

5.11%

11/15/2058

427,972

500,000

Series

2025-5C2-AS

5.38%

11/15/2058

506,673

#### Morgan

#### Stanley

#### Capital

#### I

#### Trust

#### ,
283,000

Series

2018-L1-C

4.78%

(f) 10/15/2051

261,007

#### Neighborly

#### Issuer

#### ,
672,000

Series

2022-1A-A2

3.70%

(c) 01/30/2052

634,071

#### NJ

#### Trust

#### ,
250,000

Series

2023-GSP-A

6.48%

(c)(f) 01/06/2029

259,298

555,000

Series

2025-WBRK-A

5.87%

(c)(f) 03/05/2035

570,815

#### NYC

#### Commercial

#### Mortgage

#### Trust

#### ,
250,000

Series

2025-3BP-A

(CME

Term

SOFR

Month

+

1.21%,

1.21%

Floor)

4.89%

(c) 02/15/2042

248,540

#### Oceanview

#### Mortgage

#### Trust

#### ,
984,856

Series

2026-1-A

5.10%

(c)(f) 08/25/2055

976,333

#### PENN

#### Commercial

#### Mortgage

#### Trust

#### ,
490,000

Series

2025-P11-C

6.51%

(c)(f) 08/10/2042

509,121

#### PLYM

#### Commercial

#### Mortgage

#### Trust

#### ,
390,000

Series

2026-IND-C

(CME

Term

SOFR

Month

+

1.65%)

5.32%

(c) 03/15/2043

387,358

#### RFR

#### Trust

#### ,
300,000

Series

2025-SGRM-B

5.67%

(c)(f) 03/11/2041

302,632

370,000

Series

2025-SGRM-E

7.27%

(c)(f) 03/11/2041

372,058

#### ROCK

#### Trust

#### ,
202,000

Series

2024-CNTR-C

6.47%

(c) 11/13/2041

208,430

#### SFO

#### Commercial

#### Mortgage

#### Trust

#### ,
500,000

Series

2021-555-B

(CME

Term

SOFR

Month

+

1.61%)

5.29%

(c) 05/15/2038

499,264

#### SLG

#### Office

#### Trust

#### ,
420,000

Series

2026-OMA-C

1.00%

(c)(f) 04/15/2041

421,050

#### UBS

#### Commercial

#### Mortgage

#### Trust

#### ,
273,032

Series

2017-C4-A3

3.30%

10/15/2050

269,297

735,000

Series

2017-C6-B

4.15%

(f) 12/15/2050

676,691

200,000

Series

2018-C8-C

4.68%

(f) 02/15/2051

183,778

#### VEGAS

#### Trust

#### ,
120,000

Series

2024-TI-A

5.52%

(c) 11/10/2039

120,321

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Wells

#### Fargo

#### Commercial

#### Mortgage

#### Trust

#### ,
735,000

Series

2017-C42-B

4.00%

(f) 12/15/2050

682,614

250,000

Series

2019-C50-C

4.35%

05/15/2052

228,102

210,000

Series

2020-C57-A4

2.12%

08/15/2053

190,398

260,311

Series

2020-C58-A3

1.81%

07/15/2053

235,055

246,000

Series

2021-C60-A3

2.06%

08/15/2054

221,474

250,000

Series

2024-5C1-A3

5.93%

07/15/2057

258,709

250,000

Series

2024-C63-C

6.12%

(f) 08/15/2057

248,580

345,000

Series

2025-5C4-A3

5.67%

05/15/2058

356,552

792,000

Series

2025-5C5-A3

5.59%

07/15/2058

817,537

489,000

Series

2025-5C6-AS

5.58%

(f) 10/15/2058

497,896

410,000

Series

2025-5C6-C

5.83%

(f) 10/15/2058

403,696

452,000

Series

2025-5C7-B

5.86%

(f) 12/15/2058

458,202

463,000

Series

2025-5C7-D

4.25%

(c) 12/15/2058

385,839

200,000

Series

2026-1250B-A

4.83%

(c)(f) 03/10/2041

198,246

774,000

Series

2026-5C8-A3

5.03%

03/15/2059

782,331

387,000

Series

2026-5C8-C

5.55%

03/15/2059

379,314

#### Total

#### Non-Agency

#### Commercial

#### Mortgage-Backed

#### Obligations

#### (Cost

#### $49,282,702)

#### 49,442,136

#### NON-AGENCY

#### RESIDENTIAL

#### COLLATERALIZED

#### MORTGAGE

#### OBLIGATIONS

#### 10.7%

#### BRAVO

#### Residential

#### Funding

#### Trust

#### ,
905,338

Series

2023-NQM3-A1

4.85%

(c)(d) 09/25/2062

904,633

1,082,949

Series

2023-NQM5-A1

6.50%

(c)(d) 06/25/2063

1,084,666

1,000,000

Series

2026-NQM3-M1

5.63%

(c)(f) 11/25/2065

1,001,000

#### Citigroup

#### Mortgage

#### Loan

#### Trust

#### ,
416,233

Series

2007-AR8-2A1A

4.97%

(f) 07/25/2037

372,692

#### COLT

#### Mortgage

#### Loan

#### Trust

#### ,
682,764

Series

2024-5-A2

5.38%

(c)(d) 08/25/2069

682,082

#### Connecticut

#### Avenue

#### Securities

#### Trust

#### ,
500,936

Series

2024-R03-

2M1

(SOFR

Day

Average

+

1.15%)

4.81%

(c) 03/25/2044

500,580

#### Cross

#### Mortgage

#### Trust

#### ,
1,000,000

Series

2024-H1-M1

7.07%

(c)(f) 12/25/2068

1,006,529

#### Deephaven

#### Residential

#### Mortgage

#### Trust

#### ,
693,680

Series

2022-2-A1

5.30%

(c)(f) 03/25/2067

677,039

2,300,000

Series

2025-INV1-M1

5.73%

(c)(f) 11/25/2060

2,267,361

#### EFMT

#### ,
1,500,000

Series

2025-INV4-M1

6.00%

(c)(f) 10/25/2070

1,498,101

2,843,000

Series

2026-NQM1-M1

5.64%

(c)(f) 02/25/2071

2,794,420

#### FHLMC

#### STACR

#### REMICS

#### Trust

#### ,
1,902,597

Series

2025-DNA1-M1

(SOFR

Day

Average

+

1.05%)

4.71%

(c) 01/25/2045

1,899,350

#### GS

#### Mortgage-Backed

#### Securities

#### Corp.

#### Trust

#### ,
1,795,200

Series

2025-NQM6-A3

5.28%

(c)(d) 02/25/2066

1,789,453

1,070,000

Series

2025-NQM6-M1

5.70%

(c)(f) 02/25/2066

1,058,832

#### GS

#### Mortgage-Backed

#### Securities

#### Trust

#### ,
1,058,816

Series

2025-NQM2-A1

5.65%

(c)(d) 06/25/2065

1,065,475

453,778

Series

2025-NQM2-A3

5.90%

(c)(d) 06/25/2065

455,922

1,365,000

Series

2025-NQM3-M1

5.93%

(c)(f) 11/25/2065

1,358,678

#### HOMES

#### Trust

#### ,
1,497,935

Series

2023-NQM1-A1

6.18%

(c)(d) 01/25/2068

1,492,158

#### J.P.

#### Morgan

#### Mortgage

#### Trust

#### ,
2,000,000

Series

2026-VIS1-M1

5.50%

(c)(f) 06/25/2066

1,968,636

#### Legacy

#### Mortgage

#### Asset

#### Trust

#### ,
329,793

Series

2021-GS2-A1

5.75%

(c)(d) 04/25/2061

330,617

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 19

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### New

#### Residential

#### Mortgage

#### Loan

#### Trust

#### ,
584,219

Series

2019-RPL2-A1

3.25%

(c)(f) 02/25/2059

569,915

539,512

Series

2024-NQM1-A1

6.13%

(c)(d) 03/25/2064

543,457

242,550

Series

2026-NQM1-A1

4.82%

(c)(f) 11/25/2065

240,490

242,550

Series

2026-NQM1-A2

5.08%

(c)(d) 11/25/2065

240,151

242,550

Series

2026-NQM1-A3

5.18%

(c)(d) 11/25/2065

240,189

1,100,000

Series

2026-NQM3-M1

5.42%

(c)(f) 02/25/2066

1,072,737

#### OBX

#### Trust

#### ,
896,393

Series

2023-NQM10-A1

6.46%

(c)(d) 10/25/2063

902,820

566,523

Series

2023-NQM3-A3

6.76%

(c)(d) 02/25/2063

564,989

1,513,599

Series

2024-NQM16-A2

5.73%

(c)(d) 10/25/2064

1,521,773

805,708

Series

2024-NQM6-A1

6.45%

(c)(d) 02/25/2064

813,807

1,400,000

Series

2025-NQM23-M1

5.67%

(c)(f) 10/25/2065

1,388,776

984,330

Series

2026-NQM2-A1

4.82%

(c)(f) 12/01/2065

977,455

5,000,000

Series

2026-NQM5-A1

5.32%

(c)(f) 01/25/2066

4,999,981

#### PRPM

#### ,
798,284

Series

2025-3-A1

6.26%

(c)(d) 05/25/2030

796,633

#### PRPM

#### LLC

#### ,
1,802,140

Series

2025-4-A1

6.18%

(c)(d) 06/25/2030

1,800,268

900,540

Series

2025-5-A1

5.73%

(c)(d) 07/25/2030

899,339

1,256,847

Series

2025-6-A1

5.77%

(c)(d) 08/25/2028

1,255,089

#### PRPM

#### Trust

#### ,
1,101,793

Series

2024-NQM4-A1

5.67%

(c)(d) 12/26/2069

1,106,502

4,700,000

Series

2025-NQM4-M1

5.83%

(c)(f) 07/25/2070

4,676,779

1,600,000

Series

2026-NQM1-M1

5.72%

(c)(f) 02/25/2071

1,600,566

#### RFMSI

#### Trust

#### ,
1,168,141

Series

2006-S4-A7

6.00%

04/25/2036

932,707

#### Santander

#### Mortgage

#### Asset

#### Receivable

#### Trust

#### ,
1,500,000

Series

2026-NQM1-M1

5.80%

(c)(f) 11/25/2065

1,485,061

#### Structured

#### Asset

#### Mortgage

#### Investments

#### II

#### Trust

#### ,
973,148

Series

2007-AR3-1A3

(CME

Term

SOFR

Month

+

0.53%,

0.42%

Floor)

4.21%

09/25/2047

902,767

#### Towd

#### Point

#### Mortgage

#### Trust

#### ,
1,180,414

Series

2018-5-A1

3.25%

(c)(f) 07/25/2058

1,139,508

1,708,085

Series

2020-2-A1A

1.64%

(c)(f) 04/25/2060

1,562,912

138,287

Series

2020-3-A1

3.09%

(c)(f) 02/25/2063

134,738

745,615

Series

2022-1-A1

3.75%

(c)(f) 07/25/2062

707,871

#### Verus

#### Securitization

#### Trust

#### ,
376,281

Series

2021-8-A1

2.82%

(c)(f) 11/25/2066

345,197

608,814

Series

2023-4-A1

5.81%

(c)(d) 05/25/2068

607,808

1,530,579

Series

2023-INV3-A1

6.88%

(c)(f) 11/25/2068

1,543,620

600,690

Series

2024-1-A1

5.71%

(c)(d) 01/25/2069

602,408

1,200,000

Series

2025-11-M1

5.66%

(c)(f) 11/25/2070

1,186,903

1,980,600

Series

2025-3-A1

5.62%

(c)(d) 05/25/2070

1,996,449

3,232,236

Series

2025-4-A1

5.45%

(c)(d) 05/25/2070

3,246,344

1,300,000

Series

2025-R2-M1

5.82%

(c)(f) 07/25/2067

1,304,156

2,000,000

Series

2026-1-M1

5.67%

(c)(f) 01/25/2071

1,977,654

244,977

Series

2026-R1-A1

4.83%

(c)(f) 10/25/2067

243,006

244,977

Series

2026-R1-A2

5.03%

(c)(d) 10/25/2067

243,025

248,122

Series

2026-R1-A3

5.19%

(c)(d) 10/25/2067

246,144

5,000,000

Series

2026-R2-M1

5.53%

(c)(f) 10/25/2067

4,925,110

#### WaMu

#### Mortgage-Backed

#### Pass-Through

#### Certificates

#### Trust

#### ,
312,160

Series

2006-AR16-2A1

4.12%

(f) 12/25/2036

279,336

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Wells

#### Fargo

#### Mortgage-Backed

#### Securities

#### Trust

#### ,
216,847

Series

2006-AR14-2A1

6.49%

(f) 10/25/2036

200,837

#### Total

#### Non-Agency

#### Residential

#### Collateralized

#### Mortgage

#### Obligations

#### (Cost

#### $76,239,646)

#### 76,233,501

#### U.S.

#### CORPORATE

#### BONDS

#### 13.4%
400,000

#### 1261229

#### BC

#### Ltd.
10.00%

(c) 04/15/2032

409,876

70,000

#### AAR

#### Escrow

#### Issuer

#### LLC
6.75%

(c) 03/15/2029

71,295

340,000

#### AbbVie,

#### Inc.
4.70%

05/14/2045

303,479

165,000

#### Academy

#### Ltd.
6.00%

(c) 11/15/2027

165,623

395,000

#### Acrisure

#### LLC
6.75%

(c) 07/01/2032

381,014

270,000

#### Acushnet

#### Co.
5.63%

(c) 12/01/2033

268,586

60,000

#### AdaptHealth

#### LLC
5.13%

(c) 03/01/2030

57,527

80,000

#### Advanced

#### Drainage

#### Systems,

#### Inc.
5.38%

(c) 03/01/2034

78,050

90,000

#### AEP

#### Texas,

#### Inc.
5.45%

05/15/2029

92,319

137,000

#### AEP

#### Texas,

#### Inc.
5.20%

04/15/2036

134,786

160,000

#### Aethon

#### United

#### BR

#### LP
7.50%

(c) 10/01/2029

166,968

376,000

#### Agree

#### LP
5.63%

06/15/2034

384,136

388,000

#### Airbnb,

#### Inc.
5.25%

03/16/2036

388,545

350,000

#### Aircastle

#### Ltd.
5.25%

(c) 03/15/2030

353,151

372,000

#### Alliant

#### Energy

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.08%)
5.75%

04/01/2056

361,798

145,000

#### Alliant

#### Holdings

#### Intermediate

#### LLC
6.50%

(c) 10/01/2031

142,564

320,000

#### Allied

#### Universal

#### Holdco

#### LLC
7.88%

(c) 02/15/2031

330,203

85,000

#### Amentum

#### Holdings,

#### Inc.
7.25%

(c) 08/01/2032

88,040

120,000

#### American

#### Axle

#### &

#### Manufacturing,

#### Inc.
6.38%

(c) 10/15/2032

118,866

85,000

#### American

#### Axle

#### &

#### Manufacturing,

#### Inc.
7.75%

(c) 10/15/2033

82,799

445,000

#### American

#### Express

#### Co.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.15%)
5.41%

02/08/2041

442,037

450,000

#### American

#### Tower

#### Corp.
5.55%

07/15/2033

462,646

191,000

#### American

#### Tower

#### Corp.
3.70%

10/15/2049

137,418

400,000

#### Amgen,

#### Inc.
5.75%

03/02/2063

385,049

459,000

#### Amphenol

#### Corp.
5.30%

11/15/2055

431,386

249,000

#### Antero

#### Midstream

#### Partners

#### LP
5.75%

(c) 07/01/2034

245,539

125,000

#### Anywhere

#### Real

#### Estate

#### Group

#### LLC
5.25%

(c) 04/15/2030

118,203

110,000

#### Anywhere

#### Real

#### Estate

#### Group

#### LLC
7.00%

(c) 04/15/2030

110,242

80,000

#### Anywhere

#### Real

#### Estate

#### Group

#### LLC
9.75%

(c) 04/15/2030

84,993

182,000

#### APA

#### Corp.
6.10%

02/15/2035

186,981

329,000

#### AppLovin

#### Corp.
5.38%

12/01/2031

332,347

145,000

#### Archrock

#### Partners

#### LP
6.63%

(c) 09/01/2032

147,932

607,000

#### Arizona

#### Public

#### Service

#### Co.
5.90%

08/15/2055

597,670

#### 20

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

262,000

#### Arrow

#### Electronics,

#### Inc.
5.88%

04/10/2034

268,699

120,000

#### Arthur

#### J

#### Gallagher

#### &

#### Co.
4.85%

12/15/2029

121,354

659,000

#### AT&T,

#### Inc.
3.50%

09/15/2053

432,453

242,000

#### AT&T,

#### Inc.
6.05%

08/15/2056

238,510

258,000

#### AthenaHealth

#### Group,

#### Inc.
6.50%

(c) 02/15/2030

242,441

199,000

#### Athene

#### Global

#### Funding
4.72%

(c) 10/08/2029

195,894

158,000

#### Athene

#### Global

#### Funding
5.03%

(c) 07/17/2030

156,432

140,000

#### Atlassian

#### Corp.
5.25%

05/15/2029

140,874

163,000

#### Augusta

#### SpinCo

#### Corp.
5.25%

03/23/2036

163,102

374,000

#### AutoZone,

#### Inc.
5.13%

06/15/2030

380,581

331,000

#### Aviation

#### Capital

#### Group

#### LLC
5.38%

(c) 07/15/2029

336,418

90,000

#### Azorra

#### Finance

#### Ltd.
7.75%

(c) 04/15/2030

92,774

195,000

#### Azorra

#### Finance

#### Ltd.
7.25%

(c) 01/15/2031

197,062

307,000

#### Baker

#### Hughes

#### Holdings

#### LLC
5.00%

06/15/2036

301,532

179,000

#### Bank

#### of

#### America

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.68%)
6.63%

(e) 05/01/2030

183,637

235,000

#### Bank

#### of

#### America

#### Corp.

#### (SOFR

#### +

#### 1.65%)
5.47%

01/23/2035

239,963

232,000

#### Bank

#### of

#### America

#### Corp.

#### (SOFR

#### +

#### 1.70%)
5.74%

02/12/2036

236,091

360,000

#### Bank

#### of

#### New

#### York

#### Mellon

#### Corp.
(The)

#### (SOFR

#### +

#### 1.23%)
5.06%

07/22/2032

367,075

307,000

#### Bank

#### of

#### New

#### York

#### Mellon

#### Corp.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.03%)
5.63%

(e) 03/20/2031

300,866

189,000

#### Bausch

#### +

#### Lomb

#### Corp.
8.38%

(c) 10/01/2028

195,379

317,000

#### Black

#### Hills

#### Corp.
6.00%

01/15/2035

329,231

455,000

#### Black

#### Hills

#### Corp.
3.88%

10/15/2049

332,049

319,000

#### Block

#### Financial

#### LLC
5.38%

09/15/2032

309,741

176,000

#### Broadcom,

#### Inc.
4.95%

01/15/2036

173,647

114,000

#### Brown

#### &

#### Brown,

#### Inc.
6.25%

06/23/2055

113,785

120,000

#### Buckeye

#### Partners

#### LP
6.88%

(c) 07/01/2029

123,574

155,000

#### Builders

#### FirstSource,

#### Inc.
6.38%

(c) 03/01/2034

153,212

130,000

#### Builders

#### FirstSource,

#### Inc.
6.75%

(c) 05/15/2035

130,038

374,000

#### Bunge

#### Ltd.

#### Finance

#### Corp.
4.65%

09/17/2034

362,500

391,000

#### Burlington

#### Northern

#### Santa

#### Fe

#### LLC
5.50%

03/15/2055

377,219

150,000

#### Caesars

#### Entertainment,

#### Inc.
6.00%

(c) 10/15/2032

138,184

292,000

#### Cardinal

#### Health,

#### Inc.
4.60%

03/15/2043

252,768

27,000

#### Cardinal

#### Health,

#### Inc.
4.50%

11/15/2044

22,671

106,000

#### Carnival

#### Corp.
5.13%

(c) 05/01/2029

105,280

270,000

#### Carnival

#### Corp.
5.75%

(c) 08/01/2032

270,250

148,000

#### Carnival

#### Corp.
6.13%

(c) 02/15/2033

149,558

46,000

#### CCO

#### Holdings

#### LLC
5.13%

(c) 05/01/2027

45,979

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

280,000

#### CCO

#### Holdings

#### LLC
4.75%

(c) 03/01/2030

265,861

230,000

#### CCO

#### Holdings

#### LLC
4.75%

(c) 02/01/2032

208,141

90,000

#### CCO

#### Holdings

#### LLC
4.25%

(c) 01/15/2034

77,078

85,000

#### CCO

#### Holdings

#### LLC
7.38%

(c) 02/01/2036

84,723

145,000

#### Celanese

#### US

#### Holdings

#### LLC
6.50%

04/15/2030

148,069

80,000

#### Celanese

#### US

#### Holdings

#### LLC
6.75%

04/15/2033

82,128

190,000

#### Charles

#### Schwab

#### Corp.
(The)

#### (SOFR

#### +

#### 0.94%)
4.34%

11/14/2031

187,973

50,000

#### Chemours

#### Co.
(The)

7.88%

(c) 03/15/2034

50,035

552,000

#### Cheniere

#### Energy,

#### Inc.
4.63%

10/15/2028

550,717

336,000

#### Cheniere

#### Energy,

#### Inc.
5.65%

04/15/2034

346,027

31,000

#### Cheniere

#### Energy,

#### Inc.
6.00%

(c) 07/30/2056

30,911

105,000

#### Chord

#### Energy

#### Corp.
6.00%

(c) 10/01/2030

106,455

172,000

#### Chord

#### Energy

#### Corp.
6.75%

(c) 03/15/2033

177,689

150,000

#### CHS/Community

#### Health

#### Systems,

#### Inc.
6.00%

(c) 01/15/2029

148,441

120,000

#### Cipher

#### Compute

#### LLC
7.13%

(c) 11/15/2030

124,473

382,000

#### Citigroup,

#### Inc.

#### (SOFR

#### +

#### 1.46%)
4.95%

05/07/2031

384,608

184,000

#### Citigroup,

#### Inc.

#### (SOFR

#### +

#### 1.17%)
4.50%

09/11/2031

181,952

481,000

#### Citigroup,

#### Inc.

#### (SOFR

#### +

#### 1.35%)
3.06%

01/25/2033

435,100

245,000

#### Citigroup,

#### Inc.

#### (5-year

#### CMT

#### T-Note

#### +

#### 2.89%)
6.88%

(e) 08/15/2030

246,888

335,000

#### Clarios

#### Global

#### LP
6.75%

(c) 02/15/2030

342,774

315,000

#### Clarios

#### Global

#### LP
6.75%

(c) 09/15/2032

317,718

25,000

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.
7.75%

(c) 04/15/2028

25,136

100,000

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.
7.50%

(c) 06/01/2029

100,480

185,000

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.
7.13%

(c) 02/15/2031

193,937

80,000

#### Cloud

#### Software

#### Group,

#### Inc.
9.00%

(c) 09/30/2029

77,250

100,000

#### Cloud

#### Software

#### Group,

#### Inc.
6.63%

(c) 08/15/2033

88,998

210,000

#### Clydesdale

#### Acquisition

#### Holdings,

#### Inc.
6.75%

(c) 04/15/2032

198,940

189,000

#### CMS

#### Energy

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.96%)
6.50%

06/01/2055

192,498

191,000

#### CNH

#### Industrial

#### Capital

#### LLC
4.38%

03/07/2031

186,748

170,000

#### CNX

#### Resources

#### Corp.
5.88%

(c) 03/01/2034

165,680

176,000

#### Colonial

#### Enterprises,

#### Inc.
5.63%

(c) 11/15/2035

175,968

260,000

#### Columbus

#### McKinnon

#### Corp.
7.13%

(c) 02/01/2033

260,123

511,000

#### Commonwealth

#### Edison

#### Co.
5.95%

06/01/2055

518,302

338,000

#### Constellation

#### Energy

#### Generation

#### LLC
4.40%

01/15/2031

333,733

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 21

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

287,000

#### Consumers

#### Energy

#### Co.
4.50%

01/15/2031

287,617

75,000

#### CoreWeave,

#### Inc.
9.25%

(c) 06/01/2030

72,946

65,000

#### Cougar

#### JV

#### Subsidiary

#### LLC
8.00%

(c) 05/15/2032

67,257

250,000

#### CQP

#### Holdco

#### LP
5.50%

(c) 06/15/2031

243,926

51,000

#### Crescent

#### Energy

#### Finance

#### LLC
7.88%

(c) 04/15/2032

52,142

371,000

#### CRH

#### America

#### Finance,

#### Inc.
4.40%

02/09/2031

365,800

660,000

#### CSX

#### Corp.
3.80%

11/01/2046

507,478

325,000

#### Dcli

#### Bidco

#### LLC
7.75%

(c) 11/15/2029

328,915

530,000

#### Dealer

#### Tire

#### LLC
8.00%

(c) 02/01/2028

518,543

166,000

#### Dell,

#### Inc.
6.50%

04/15/2038

176,516

198,000

#### Delta

#### Air

#### Lines,

#### Inc.
5.25%

07/10/2030

199,388

60,000

#### Directv

#### Financing

#### LLC
5.88%

(c) 08/15/2027

59,974

270,000

#### Directv

#### Financing

#### LLC
8.88%

(c) 02/01/2030

269,737

145,000

#### Discovery

#### Global

#### Holdings,

#### Inc.
4.05%

03/15/2029

140,378

60,000

#### Discovery

#### Global

#### Holdings,

#### Inc.
4.28%

03/15/2032

53,175

105,000

#### Discovery

#### Global

#### Holdings,

#### Inc.
5.05%

03/15/2042

69,437

275,000

#### DISH

#### DBS

#### Corp.
5.75%

(c) 12/01/2028

266,144

200,000

#### DISH

#### DBS

#### Corp.
5.13%

06/01/2029

178,952

160,000

#### Dornoch

#### Debt

#### Merger

#### Sub,

#### Inc.
6.63%

(c) 10/15/2029

142,996

246,000

#### DTE

#### Energy

#### Co.
5.85%

06/01/2034

257,673

105,000

#### Duke

#### Energy

#### Corp.
5.00%

08/15/2052

89,929

384,000

#### Duke

#### Energy

#### Corp.
5.80%

06/15/2054

367,939

258,000

#### Eastern

#### Energy

#### Gas

#### Holdings

#### LLC
5.65%

10/15/2054

243,175

300,000

#### Eaton

#### Corp.
4.80%

03/06/2036

296,303

70,000

#### EchoStar

#### Corp.
10.75%

11/30/2029

75,661

210,000

#### Elevance

#### Health,

#### Inc.
4.55%

05/15/2052

169,309

225,000

#### Ellucian

#### Holdings,

#### Inc.
6.50%

(c) 12/01/2029

220,334

265,000

#### EMRLD

#### Borrower

#### LP
6.63%

(c) 12/15/2030

269,852

260,000

#### Energizer

#### Holdings,

#### Inc.
6.00%

(c) 09/15/2033

243,824

377,000

#### Energy

#### Transfer

#### LP

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 5.31%)
7.13%

(e) 05/15/2030

384,713

350,000

#### Entergy

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.67%)
7.13%

12/01/2054

358,835

439,000

#### Entergy

#### Louisiana

#### LLC
5.80%

03/15/2055

430,795

260,000

#### Enterprise

#### Products

#### Operating

#### LLC
5.70%

02/15/2042

260,567

170,000

#### Equinix,

#### Inc.
3.90%

04/15/2032

160,568

340,000

#### Equinix,

#### Inc.
2.95%

09/15/2051

208,275

374,000

#### Essential

#### Properties

#### LP
5.40%

12/01/2035

368,357

203,000

#### Essential

#### Utilities,

#### Inc.
5.13%

03/15/2036

200,246

315,000

#### Evergy

#### Kansas

#### Central,

#### Inc.
4.13%

03/01/2042

264,205

269,000

#### Evergy

#### Kansas

#### Central,

#### Inc.
5.70%

03/15/2053

264,872

241,000

#### Expand

#### Energy

#### Corp.
6.75%

(c) 04/15/2029

241,173

188,000

#### Expand

#### Energy

#### Corp.
4.75%

02/01/2032

183,256

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

329,000

#### Extra

#### Space

#### Storage

#### LP
5.40%

06/15/2035

330,662

59,000

#### Fedex

#### Freight

#### Holding

#### Co.,

#### Inc.
4.95%

(c) 03/15/2033

57,564

85,000

#### Fertitta

#### Entertainment

#### LLC
6.75%

(c) 01/15/2030

79,459

327,000

#### First

#### Industrial

#### LP
5.25%

01/15/2031

330,583

299,000

#### Fiserv,

#### Inc.
4.55%

02/15/2031

292,908

170,000

#### Flash

#### Compute

#### LLC
7.25%

(c) 12/31/2030

171,367

165,000

#### Flex

#### Ltd.
5.38%

11/13/2035

162,216

161,000

#### Florida

#### Gas

#### Transmission

#### Co.

#### LLC
5.75%

(c) 07/15/2035

165,265

105,000

#### Freedom

#### Mortgage

#### Holdings

#### LLC
8.38%

(c) 04/01/2032

103,397

140,000

#### Full

#### House

#### Resorts,

#### Inc.
8.25%

(c) 02/15/2028

127,750

219,000

#### Gabx

#### Leasing

#### LLC
4.63%

(c) 04/15/2031

215,958

561,000

#### GATX

#### Corp.
5.20%

03/15/2044

517,013

554,000

#### GE

#### HealthCare

#### Technologies,

#### Inc.
4.80%

01/15/2031

557,600

190,000

#### GE

#### HealthCare

#### Technologies,

#### Inc.
4.95%

12/15/2035

186,408

365,000

#### GE

#### Vernova,

#### Inc.
5.50%

02/04/2056

351,379

355,000

#### General

#### Motors

#### Financial

#### Co.,

#### Inc.
4.60%

01/08/2031

350,027

355,000

#### Genesee

#### &

#### Wyoming,

#### Inc.
6.25%

(c) 04/15/2032

359,686

195,000

#### Getty

#### Images,

#### Inc.
10.50%

(c) 11/15/2030

175,067

350,000

#### GFL

#### Environmental

#### Holdings

#### US,

#### Inc.
5.50%

(c) 02/01/2034

343,716

170,000

#### Global

#### Payments,

#### Inc.
4.95%

08/15/2027

170,370

161,000

#### Global

#### Payments,

#### Inc.
5.55%

11/15/2035

155,223

304,000

#### GLP

#### Capital

#### LP
5.63%

03/01/2036

295,951

95,000

#### Goat

#### Holdco

#### LLC
6.75%

(c) 02/01/2032

95,664

131,000

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.46%)
6.85%

(e) 02/10/2030

133,612

322,000

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

#### (SOFR

#### +

#### 1.06%)
4.37%

10/21/2031

315,794

179,000

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

#### (SOFR

#### +

#### 0.96%)
4.52%

01/21/2032

176,324

316,000

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

#### (SOFR

#### +

#### 1.33%)
4.94%

10/21/2036

306,134

300,000

#### Graham

#### Holdings

#### Co.
5.63%

(c) 12/01/2033

294,638

220,000

#### Gray

#### Media,

#### Inc.
9.63%

(c) 07/15/2032

220,191

140,000

#### Gray

#### Media,

#### Inc.
7.25%

(c) 08/15/2033

141,181

365,000

#### Griffon

#### Corp.
5.75%

03/01/2028

364,507

215,000

#### Guardian

#### Life

#### Global

#### Funding
4.80%

(c) 04/28/2030

216,370

155,000

#### Gulfport

#### Energy

#### Operating

#### Corp.
6.75%

(c) 09/01/2029

158,715

160,000

#### Harvest

#### Midstream

#### I

#### LP
7.50%

(c) 05/15/2032

163,409

130,000

#### Herc

#### Holdings,

#### Inc.
7.00%

(c) 06/15/2030

133,391

50,000

#### Herc

#### Holdings,

#### Inc.
5.75%

(c) 03/15/2031

49,288

50,000

#### Herc

#### Holdings,

#### Inc.
6.00%

(c) 03/15/2034

48,389

140,000

#### Hightower

#### Holding

#### LLC
6.75%

(c) 04/15/2029

137,577

#### 22

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

170,000

#### Hilcorp

#### Energy

#### I

#### LP
7.25%

(c) 02/15/2035

169,613

175,000

#### Hilton

#### Domestic

#### Operating

#### Co.,

#### Inc.
5.75%

(c) 09/15/2033

174,348

325,000

#### Honeywell

#### Aerospace,

#### Inc.
4.95%

(c) 03/16/2036

322,591

95,000

#### HUB

#### International

#### Ltd.
7.25%

(c) 06/15/2030

97,373

332,000

#### Hubbell,

#### Inc.
4.80%

11/15/2035

323,477

213,000

#### Huntington

#### Bancshares,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.17%)
2.49%

08/15/2036

182,962

410,000

#### Hyundai

#### Capital

#### America
5.30%

(c) 01/08/2029

415,705

327,000

#### Illumina,

#### Inc.
4.75%

12/12/2030

325,598

187,000

#### Jabil,

#### Inc.
4.75%

02/01/2033

182,165

620,000

#### Jacobs

#### Solutions,

#### Inc.
5.38%

03/03/2036

605,062

125,000

#### JBS

#### NV
5.63%

(c) 03/10/2037

125,469

403,000

#### JBS

#### NV
6.25%

03/01/2056

395,565

55,000

#### JetBlue

#### Airways

#### Corp.
9.88%

(c) 09/20/2031

52,053

284,000

#### JPMorgan

#### Chase

#### &

#### Co.

#### (SOFR

#### +

#### 1.01%)
5.14%

01/24/2031

289,261

466,000

#### JPMorgan

#### Chase

#### &

#### Co.

#### (SOFR

#### +

#### 1.44%)
5.10%

04/22/2031

474,548

182,000

#### JPMorgan

#### Chase

#### &

#### Co.

#### (SOFR

#### +

#### 1.64%)
5.58%

07/23/2036

184,379

328,000

#### JPMorgan

#### Chase

#### &

#### Co.

#### (SOFR

#### +

#### 1.19%)
4.81%

10/22/2036

318,597

192,000

#### Kentucky

#### Utilities

#### Co.
5.85%

08/15/2055

191,051

167,000

#### Kinder

#### Morgan

#### Energy

#### Partners

#### LP
6.95%

01/15/2038

186,548

120,000

#### Kodiak

#### Gas

#### Services

#### LLC
7.25%

(c) 02/15/2029

124,393

80,000

#### Kodiak

#### Gas

#### Services

#### LLC
6.50%

(c) 10/01/2033

80,919

80,000

#### Kodiak

#### Gas

#### Services

#### LLC
6.75%

(c) 10/01/2035

81,333

289,000

#### Kroger

#### Co.
(The)

5.65%

09/15/2064

268,158

690,000

#### Kyndryl

#### Holdings,

#### Inc.
4.10%

10/15/2041

481,046

386,000

#### Laboratory

#### Corp.

#### of

#### America

#### Holdings
4.55%

04/01/2032

381,411

165,000

#### Laboratory

#### Corp.

#### of

#### America

#### Holdings
4.70%

02/01/2045

144,645

270,000

#### Lamar

#### Media

#### Corp.
5.38%

(c) 11/01/2033

264,494

245,000

#### Level

#### 3

#### Financing,

#### Inc.
6.88%

(c) 06/30/2033

249,682

90,000

#### LFS

#### Topco

#### LLC
8.75%

(c) 07/15/2030

86,082

560,000

#### Life

#### Time,

#### Inc.
6.00%

(c) 11/15/2031

564,736

115,000

#### LifePoint

#### Health,

#### Inc.
10.00%

(c) 06/01/2032

117,585

170,000

#### Light

#### &

#### Wonder

#### International,

#### Inc.
6.25%

(c) 10/01/2033

166,680

140,000

#### Lindblad

#### Expeditions

#### LLC
7.00%

(c) 09/15/2030

143,023

293,000

#### Lockheed

#### Martin

#### Corp.
5.00%

08/15/2035

295,809

195,000

#### Lowe's

#### Cos.,

#### Inc.
5.63%

04/15/2053

184,509

180,000

#### Madison

#### IAQ

#### LLC
5.88%

(c) 06/30/2029

176,640

300,000

#### Marriott

#### International,

#### Inc.
4.50%

10/15/2031

296,624

320,000

#### Marriott

#### International,

#### Inc.
5.30%

05/15/2034

323,109

335,000

#### Mars,

#### Inc.
5.70%

(c) 05/01/2055

326,877

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

180,000

#### Marsh

#### &

#### McLennan

#### Cos.,

#### Inc.
4.95%

03/15/2036

178,394

358,000

#### Marvell

#### Technology,

#### Inc.
5.95%

09/15/2033

379,018

549,000

#### MasTec,

#### Inc.
5.90%

06/15/2029

567,434

100,000

#### Matador

#### Resources

#### Co.
6.50%

(c) 04/15/2032

101,162

110,000

#### Matador

#### Resources

#### Co.
6.00%

(c) 04/15/2034

109,372

75,000

#### Match

#### Group

#### Holdings

#### II

#### LLC
5.00%

(c) 12/15/2027

74,736

90,000

#### Mativ

#### Holdings,

#### Inc.
8.00%

(c) 10/01/2029

83,937

330,000

#### Mattel,

#### Inc.
5.00%

11/17/2030

328,087

40,000

#### Mavis

#### Tire

#### Express

#### Services

#### Topco

#### Corp.
6.50%

(c) 05/15/2029

39,715

310,000

#### McDonald's

#### Corp.
4.45%

03/01/2047

258,765

255,000

#### McDonald's

#### Corp.
5.45%

08/14/2053

242,000

55,000

#### McGraw-Hill

#### Education,

#### Inc.
5.75%

(c) 08/01/2028

54,423

175,000

#### McGraw-Hill

#### Education,

#### Inc.
7.38%

(c) 09/01/2031

178,764

504,000

#### Medline

#### Borrower

#### LP
5.25%

(c) 10/01/2029

499,866

384,000

#### Merck

#### &

#### Co.,

#### Inc.
5.70%

09/15/2055

381,617

570,000

#### MetLife,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.08%)
6.35%

03/15/2055

578,673

110,000

#### Michaels

#### Cos.,

#### Inc.
(The)

8.50%

(c) 03/15/2033

107,200

135,000

#### Midwest

#### Gaming

#### Borrower

#### LLC
4.88%

(c) 05/01/2029

131,000

265,000

#### Miter

#### Brands

#### Acquisition

#### Holdco,

#### Inc.
6.75%

(c) 04/01/2032

253,970

297,000

#### Molex

#### Electronic

#### Technologies

#### LLC
5.25%

(c) 04/30/2032

301,381

178,000

#### Morgan

#### Stanley

#### (SOFR

#### +

#### 0.80%)
4.24%

01/09/2030

176,241

205,000

#### Morgan

#### Stanley

#### (SOFR

#### +

#### 1.18%)
5.07%

01/30/2037

200,919

107,000

#### Morgan

#### Stanley

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.43%)
5.95%

01/19/2038

109,666

209,000

#### Morgan

#### Stanley

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.80%)
5.94%

02/07/2039

213,742

159,000

#### Morgan

#### Stanley

#### (SOFR

#### +

#### 1.07%)
4.36%

10/22/2031

155,855

218,000

#### Motorola

#### Solutions,

#### Inc.
5.20%

08/15/2032

221,196

373,000

#### Motorola

#### Solutions,

#### Inc.
5.50%

09/01/2044

357,715

200,000

#### MPLX

#### LP
5.30%

04/01/2036

197,214

110,000

#### Nabors

#### Industries,

#### Inc.
9.13%

(c) 01/31/2030

115,562

105,000

#### Nabors

#### Industries,

#### Inc.
7.63%

(c) 11/15/2032

107,550

89,000

#### National

#### Fuel

#### Gas

#### Co.
5.95%

03/15/2035

92,126

80,000

#### NCL

#### Corp.

#### Ltd.
5.88%

(c) 01/15/2031

77,773

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 23

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

80,000

#### NCL

#### Corp.

#### Ltd.
6.25%

(c) 09/15/2033

77,683

100,000

#### Neptune

#### Bidco

#### US,

#### Inc.
10.38%

(c) 05/15/2031

100,991

137,000

#### New

#### York

#### Life

#### Insurance

#### Co.
6.75%

(c) 11/15/2039

153,159

95,000

#### Newell

#### Brands,

#### Inc.
6.38%

05/15/2030

91,267

260,000

#### Nexstar

#### Media,

#### Inc.
6.50%

(c) 09/15/2033

262,138

55,000

#### Nexstar

#### Media,

#### Inc.
7.25%

(c) 04/15/2034

55,222

154,000

#### NextEra

#### Energy

#### Capital

#### Holdings,

#### Inc.
5.90%

03/15/2055

151,281

60,000

#### NGL

#### Energy

#### Operating

#### LLC
8.13%

(c) 02/15/2029

61,848

340,000

#### NiSource,

#### Inc.
5.35%

04/01/2034

346,085

214,000

#### NiSource,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.45%)
6.95%

11/30/2054

220,209

197,000

#### NiSource,

#### Inc.
5.85%

04/01/2055

191,641

140,000

#### Nissan

#### Motor

#### Acceptance

#### Co.

#### LLC
6.13%

(c) 09/30/2030

134,667

355,000

#### Northrop

#### Grumman

#### Corp.
5.20%

06/01/2054

327,397

409,000

#### Novartis

#### Capital

#### Corp.
5.70%

03/18/2056

412,211

145,000

#### Novelis

#### Corp.
6.88%

(c) 01/30/2030

146,370

140,000

#### NRG

#### Energy,

#### Inc.
6.00%

(c) 02/01/2033

140,125

200,000

#### NRG

#### Energy,

#### Inc.
5.75%

(c) 01/15/2034

197,417

120,000

#### OAK-Eagle

#### Acquireco,

#### Inc.
7.25%

(c) 07/01/2033

124,409

65,000

#### OAK-Eagle

#### Acquireco,

#### Inc.
8.75%

(c) 07/01/2034

68,091

95,000

#### Olin

#### Corp.
6.63%

(c) 04/01/2033

93,050

389,000

#### Omega

#### Healthcare

#### Investors,

#### Inc.
3.38%

02/01/2031

359,886

135,000

#### OneMain

#### Finance

#### Corp.
7.50%

05/15/2031

135,807

200,000

#### OneMain

#### Finance

#### Corp.
6.50%

03/15/2033

191,368

201,000

#### ONEOK,

#### Inc.
4.55%

07/15/2028

201,282

176,000

#### O'Reilly

#### Automotive,

#### Inc.
5.00%

08/19/2034

174,132

99,000

#### Outfront

#### Media

#### Capital

#### LLC
7.38%

(c) 02/15/2031

103,285

160,000

#### Owens

#### Corning
5.70%

06/15/2034

165,460

200,000

#### Panther

#### Escrow

#### Issuer

#### LLC
7.13%

(c) 06/01/2031

200,773

230,000

#### Park

#### Intermediate

#### Holdings

#### LLC
7.00%

(c) 02/01/2030

232,967

476,000

#### Paychex,

#### Inc.
5.35%

04/15/2032

478,615

95,000

#### Penn

#### Entertainment,

#### Inc.
6.75%

(c) 04/01/2031

92,372

155,000

#### PennyMac

#### Financial

#### Services,

#### Inc.
7.88%

(c) 12/15/2029

158,653

230,000

#### PennyMac

#### Financial

#### Services,

#### Inc.
6.88%

(c) 05/15/2032

222,184

432,000

#### Penske

#### Truck

#### Leasing

#### Co.

#### LP
5.25%

(c) 02/01/2030

438,663

125,000

#### Performance

#### Food

#### Group,

#### Inc.
5.63%

(c) 03/01/2034

120,700

216,000

#### Permian

#### Resources

#### Operating

#### LLC
6.25%

(c) 02/01/2033

220,174

250,000

#### PetSmart

#### LLC
7.50%

(c) 09/15/2032

251,404

250,000

#### PetSmart

#### LLC
10.00%

(c) 09/15/2033

249,707

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

282,000

#### Philip

#### Morris

#### International,

#### Inc.
5.38%

02/15/2033

289,980

175,000

#### Philip

#### Morris

#### International,

#### Inc.
5.25%

02/13/2034

178,279

331,000

#### Phillips

#### Edison

#### Grocery

#### Center

#### Operating

#### Partnership

#### I

#### LP
5.25%

08/15/2032

332,505

189,000

#### PNC

#### Financial

#### Services

#### Group,

#### Inc.
(The)

#### (SOFR

#### +

#### 1.42%)
5.37%

07/21/2036

189,909

179,000

#### PNC

#### Financial

#### Services

#### Group,

#### Inc.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.17%)
5.42%

01/25/2041

175,435

300,000

#### Post

#### Holdings,

#### Inc.
6.38%

(c) 03/01/2033

295,814

395,000

#### Progressive

#### Corp.
(The)

5.15%

03/26/2036

395,728

177,000

#### PSEG

#### Power

#### LLC
5.20%

(c) 05/15/2030

179,819

110,000

#### Qnity

#### Electronics,

#### Inc.
6.25%

(c) 08/15/2033

111,363

374,000

#### Qorvo,

#### Inc.
3.38%

(c) 04/01/2031

338,521

483,000

#### Quest

#### Diagnostics,

#### Inc.
5.00%

12/15/2034

479,868

390,000

#### Quikrete

#### Holdings,

#### Inc.
6.75%

(c) 03/01/2033

396,402

105,000

#### QXO

#### Building

#### Products,

#### Inc.
6.75%

(c) 04/30/2032

107,191

265,000

#### Radiology

#### Partners,

#### Inc.
8.50%

(c) 07/15/2032

269,007

400,000

#### Rentokil

#### Terminix

#### Funding

#### LLC
5.00%

(c) 04/28/2030

401,749

205,000

#### RHP

#### Hotel

#### Properties

#### LP
6.50%

(c) 06/15/2033

208,892

105,000

#### RHP

#### Hotel

#### Properties

#### LP
5.75%

(c) 03/15/2034

103,703

270,000

#### Rivers

#### Enterprise

#### Borrower

#### LLC
6.25%

(c) 10/15/2030

269,477

295,000

#### Rivers

#### Enterprise

#### Borrower

#### LLC
6.63%

(c) 02/01/2033

293,068

125,000

#### Rocket

#### Cos.,

#### Inc.
6.38%

(c) 08/01/2033

126,499

378,000

#### Rollins,

#### Inc.
5.25%

02/24/2035

377,930

304,000

#### Roper

#### Technologies,

#### Inc.
4.25%

09/15/2028

302,140

161,000

#### Royal

#### Caribbean

#### Cruises

#### Ltd.
5.38%

(c) 07/15/2027

161,626

266,000

#### Royal

#### Caribbean

#### Cruises

#### Ltd.
5.38%

01/15/2036

261,440

169,000

#### Royalty

#### Pharma

#### plc
5.15%

09/02/2029

172,074

439,000

#### Royalty

#### Pharma

#### plc
3.30%

09/02/2040

333,149

210,000

#### Sabra

#### Health

#### Care

#### LP
3.90%

10/15/2029

203,955

51,000

#### Sabre

#### GLBL,

#### Inc.
10.75%

(c) 11/15/2029

43,605

71,000

#### Sabre

#### GLBL,

#### Inc.
10.75%

(c) 03/15/2030

60,052

90,000

#### Select

#### Medical

#### Corp.
6.25%

(c) 12/01/2032

85,863

235,000

#### Sirius

#### XM

#### Radio

#### LLC
5.50%

(c) 07/01/2029

234,366

90,000

#### Sirius

#### XM

#### Radio

#### LLC
5.88%

(c) 04/15/2032

89,492

145,000

#### SM

#### Energy

#### Co.
7.00%

(c) 08/01/2032

148,168

175,000

#### Solstice

#### Advanced

#### Materials,

#### Inc.
5.63%

(c) 09/30/2033

172,731

194,000

#### Solventum

#### Corp.
5.40%

03/01/2029

198,485

115,000

#### Sonoco

#### Products

#### Co.
4.60%

09/01/2029

114,712

91,000

#### Sonoco

#### Products

#### Co.
5.00%

09/01/2034

89,062

#### 24

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

161,000

#### Southern

#### Co.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.07%)
6.38%

03/15/2055

165,659

198,000

#### Southern

#### Natural

#### Gas

#### Co.

#### LLC
5.45%

(c) 08/01/2035

201,704

145,000

#### Spirit

#### AeroSystems,

#### Inc.
4.60%

06/15/2028

145,143

265,000

#### Standard

#### Building

#### Solutions,

#### Inc.
6.50%

(c) 08/15/2032

265,372

105,000

#### Standard

#### Building

#### Solutions,

#### Inc.
5.88%

(c) 03/15/2034

101,350

160,000

#### Staples,

#### Inc.
10.75%

(c) 09/01/2029

148,094

235,000

#### Starwood

#### Property

#### Trust,

#### Inc.
5.25%

(c) 10/15/2028

232,473

62,000

#### Store

#### Capital

#### LLC
4.95%

(c) 02/11/2031

61,490

240,000

#### SV

#### RNO

#### Property

#### Owner

#### 1

#### LLC
5.88%

(c) 03/01/2031

237,381

600,000

#### Takeda

#### US

#### Financing,

#### Inc.
5.90%

07/07/2055

598,150

120,000

#### Talen

#### Energy

#### Supply

#### LLC
6.25%

(c) 02/01/2034

118,748

60,000

#### Tallgrass

#### Energy

#### Partners

#### LP
7.38%

(c) 02/15/2029

61,761

80,000

#### Tallgrass

#### Energy

#### Partners

#### LP
6.75%

(c) 03/15/2034

80,454

202,000

#### Targa

#### Resources

#### Corp.
4.35%

01/15/2029

201,199

150,000

#### Taylor

#### Morrison

#### Communities,

#### Inc.
5.75%

(c) 11/15/2032

150,310

25,000

#### Tenet

#### Healthcare

#### Corp.
5.50%

(c) 11/15/2032

24,787

25,000

#### Tenet

#### Healthcare

#### Corp.
6.00%

(c) 11/15/2033

25,316

377,000

#### Textron,

#### Inc.
5.50%

05/15/2035

383,706

280,000

#### T-Mobile

#### USA,

#### Inc.
5.50%

01/15/2055

257,122

204,000

#### T-Mobile

#### USA,

#### Inc.
5.25%

06/15/2055

181,594

96,000

#### T-Mobile

#### USA,

#### Inc.
5.88%

11/15/2055

93,679

474,000

#### Trans-Allegheny

#### Interstate

#### Line

#### Co.
5.00%

(c) 01/15/2031

481,724

100,000

#### TransDigm,

#### Inc.
6.88%

(c) 12/15/2030

102,529

235,000

#### TransDigm,

#### Inc.
6.38%

(c) 05/31/2033

233,933

70,000

#### TransDigm,

#### Inc.
6.25%

(c) 01/31/2034

70,829

70,000

#### TransDigm,

#### Inc.
6.75%

(c) 01/31/2034

70,970

309,000

#### Travelers

#### Cos.,

#### Inc.
(The)

4.60%

08/01/2043

273,168

54,000

#### Truist

#### Financial

#### Corp.

#### (SOFR

#### +

#### 2.45%)
7.16%

10/30/2029

57,414

359,000

#### Truist

#### Financial

#### Corp.

#### (SOFR

#### +

#### 1.57%)
5.15%

08/05/2032

363,853

359,000

#### Uber

#### Technologies,

#### Inc.
4.80%

09/15/2034

351,660

320,000

#### UKG,

#### Inc.
6.88%

(c) 02/01/2031

313,015

149,000

#### United

#### Airlines

#### Holdings,

#### Inc.
4.88%

03/01/2029

146,107

630,000

#### United

#### Airlines

#### Holdings,

#### Inc.
5.38%

03/01/2031

617,757

355,000

#### United

#### Airlines,

#### Inc.
4.63%

(c) 04/15/2029

348,532

281,000

#### United

#### Natural

#### Foods,

#### Inc.
6.75%

(c) 10/15/2028

281,481

275,000

#### United

#### Rentals

#### North

#### America,

#### Inc.
5.38%

(c) 11/15/2033

267,693

115,000

#### Uniti

#### Group

#### LP
8.63%

(c) 06/15/2032

117,208

105,000

#### Uniti

#### Services

#### LLC
7.50%

(c) 10/15/2033

109,239

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

255,000

#### Univision

#### Communications,

#### Inc.
7.38%

(c) 06/30/2030

250,052

225,000

#### US

#### Foods,

#### Inc.
5.75%

(c) 04/15/2033

224,219

60,000

#### Vail

#### Resorts,

#### Inc.
6.50%

(c) 05/15/2032

60,711

95,000

#### Venture

#### Global

#### LNG,

#### Inc.
8.13%

(c) 06/01/2028

97,206

155,000

#### Venture

#### Global

#### LNG,

#### Inc.
8.38%

(c) 06/01/2031

161,277

45,000

#### Venture

#### Global

#### LNG,

#### Inc.
9.88%

(c) 02/01/2032

48,351

80,000

#### Venture

#### Global

#### Plaquemines

#### LNG

#### LLC
6.13%

(c) 12/15/2030

82,318

205,000

#### Venture

#### Global

#### Plaquemines

#### LNG

#### LLC
7.50%

(c) 05/01/2033

225,457

145,000

#### Venture

#### Global

#### Plaquemines

#### LNG

#### LLC
6.50%

(c) 01/15/2034

151,246

147,000

#### Veralto

#### Corp.
5.45%

09/18/2033

150,188

353,000

#### VeriSign,

#### Inc.
5.25%

06/01/2032

355,695

405,000

#### Verisk

#### Analytics,

#### Inc.
5.25%

06/05/2034

403,602

210,000

#### Veritiv

#### Operating

#### Co.
10.50%

(c) 11/30/2030

218,505

551,000

#### Verizon

#### Communications,

#### Inc.
5.75%

11/30/2045

536,993

799,000

#### Vertiv

#### Group

#### Corp.
4.13%

(c) 11/15/2028

787,384

135,000

#### Vertiv

#### Holdings

#### Co.
5.80%

03/15/2056

129,868

479,000

#### VICI

#### Properties

#### LP
4.63%

(c) 12/01/2029

471,066

690,000

#### Victra

#### Holdings

#### LLC
8.75%

(c) 09/15/2029

716,684

805,000

#### Viking

#### Cruises

#### Ltd.
5.88%

(c) 10/15/2033

795,362

199,000

#### Viper

#### Energy

#### Partners

#### LLC
4.90%

08/01/2030

199,241

231,000

#### Virginia

#### Electric

#### and

#### Power

#### Co.
5.55%

08/15/2054

218,979

206,000

#### Virginia

#### Electric

#### and

#### Power

#### Co.
5.60%

09/15/2055

196,184

353,000

#### Vistra

#### Operations

#### Co.

#### LLC
4.38%

(c) 05/01/2029

344,820

60,000

#### Vistra

#### Operations

#### Co.

#### LLC
7.75%

(c) 10/15/2031

62,878

205,000

#### Voyager

#### Parent

#### LLC
9.25%

(c) 07/01/2032

212,962

238,000

#### VSP

#### Optical

#### Group,

#### Inc.
5.45%

(c) 12/01/2035

233,395

115,000

#### VT

#### Topco,

#### Inc.
8.50%

(c) 08/15/2030

117,021

90,000

#### Walker

#### &

#### Dunlop,

#### Inc.
6.63%

(c) 04/01/2033

88,064

350,000

#### Wand

#### NewCo

#### 3,

#### Inc.
7.63%

(c) 01/30/2032

358,061

216,000

#### Waste

#### Connections,

#### Inc.
5.25%

09/01/2035

220,662

145,000

#### Watco

#### Cos.

#### LLC
7.13%

(c) 08/01/2032

149,059

105,000

#### Wayfair

#### LLC
7.25%

(c) 10/31/2029

107,252

140,000

#### Wayfair

#### LLC
6.75%

(c) 11/15/2032

141,175

250,000

#### WBI

#### Operating

#### LLC
6.50%

(c) 10/15/2033

248,264

275,000

#### Weatherford

#### International

#### Ltd.
6.75%

(c) 10/15/2033

281,165

229,000

#### WEC

#### Energy

#### Group,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.91%)
5.63%

05/15/2056

224,651

730,000

#### Wells

#### Fargo

#### &

#### Co.

#### (SOFR

#### +

#### 1.50%)
5.15%

04/23/2031

742,608

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 25

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

656,000

#### Wells

#### Fargo

#### &

#### Co.

#### (SOFR

#### +

#### 1.34%)
4.89%

09/15/2036

638,498

263,000

#### WESCO

#### Distribution,

#### Inc.
6.38%

(c) 03/15/2033

268,161

95,000

#### WESCO

#### Distribution,

#### Inc.
5.50%

(c) 04/15/2034

93,798

201,000

#### Western

#### Midstream

#### Operating

#### LP
5.50%

12/15/2035

197,780

512,000

#### Westinghouse

#### Air

#### Brake

#### Technologies

#### Corp.
4.90%

05/29/2030

517,769

125,000

#### Whirlpool

#### Corp.
6.50%

06/15/2033

118,579

346,000

#### Williams

#### Cos.,

#### Inc.
(The)

5.95%

03/15/2056

340,780

349,000

#### Willis

#### North

#### America,

#### Inc.
4.55%

03/15/2031

344,159

100,000

#### Windstream

#### Services

#### LLC
8.25%

(c) 10/01/2031

104,584

231,000

#### Workday,

#### Inc.
3.80%

04/01/2032

214,523

185,000

#### WR

#### Grace

#### Holdings

#### LLC
5.63%

(c) 08/15/2029

170,327

250,000

#### WRKCo,

#### Inc.
4.90%

03/15/2029

252,426

210,000

#### XHR

#### LP
6.63%

(c) 05/15/2030

212,280

160,000

#### XPO,

#### Inc.
7.13%

(c) 06/01/2031

164,915

319,000

#### Zoetis,

#### Inc.
4.70%

02/01/2043

284,723

#### Total

#### U.S.

#### Corporate

#### Bonds

#### (Cost

#### $95,704,889)

#### 95,346,856

#### U.S.

#### GOVERNMENT

#### AND

#### AGENCY

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 21.3%

#### FHLMC

#### REMICS

#### ,
1,850,681

Series

5015-CG

1.00%

09/25/2050

1,475,265

#### FHLMC

#### UMBS

#### ,
3,573,414

Pool

QY4482

5.50%

06/01/2055

3,610,171

1,556,943

Pool

RA7939

5.00%

09/01/2052

1,546,723

1,078,087

Pool

SD2347

5.50%

02/01/2053

1,101,665

2,756,229

Pool

SD2969

2.50%

05/01/2052

2,372,336

1,391,696

Pool

SD3033

5.50%

05/01/2053

1,433,272

5,367,043

Pool

SD3081

5.50%

06/01/2053

5,448,995

1,355,818

Pool

SD3803

2.00%

02/01/2052

1,119,431

1,239,564

Pool

SD3892

5.50%

09/01/2053

1,263,038

1,001,331

Pool

SD4301

6.00%

11/01/2053

1,041,136

816,548

Pool

SD4888

6.00%

02/01/2054

847,032

2,437,534

Pool

SD5249

5.50%

04/01/2054

2,493,557

3,624,803

Pool

SD5573

3.00%

08/01/2052

3,221,817

1,872,007

Pool

SD5617

6.00%

06/01/2054

1,944,965

2,604,976

Pool

SD6002

5.50%

07/01/2054

2,673,422

2,303,134

Pool

SD6977

4.50%

03/01/2049

2,265,652

1,307,380

Pool

SD7553

3.00%

03/01/2052

1,168,714

1,961,786

Pool

SD7556

3.00%

08/01/2052

1,748,104

1,119,323

Pool

SD8146

2.00%

05/01/2051

910,471

2,327,091

Pool

SD8276

5.00%

12/01/2052

2,307,757

4,028,753

Pool

SL0638

2.50%

02/01/2052

3,450,670

2,160,061

Pool

SL1124

6.00%

04/01/2055

2,217,868

2,015,285

Pool

SL1712

6.00%

12/01/2054

2,075,427

2,899,625

Pool

SL2456

5.50%

08/01/2055

2,934,301

3,569,868

Pool

SL3934

5.00%

02/01/2053

3,540,209

#### FNMA

#### ,
1,940,000

Pool

BS9945

6.13%

11/01/2033

2,083,864

1,603,000

Pool

BZ0238

5.79%

01/01/2029

1,618,814

2,053,000

Pool

BZ3117

5.06%

03/01/2035

2,114,823

2,010,000

Pool

BZ3627

4.90%

04/01/2030

2,028,997

1,366,000

Pool

BZ4051

5.10%

03/01/2030

1,375,927

#### FNMA

#### ACES

#### ,
1,909,000

Series

2022-M2-A2

2.40%

11/25/2031

1,737,321

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### FNMA

#### REMICS

#### ,
1,298,047

Series

2018-62-B

3.50%

09/25/2048

1,181,330

#### FNMA

#### UMBS

#### ,
2,888,010

Pool

CA6032

2.50%

06/01/2050

2,480,037

5,276,451

Pool

CA6275

2.00%

07/01/2050

4,344,769

2,103,789

Pool

CA8494

2.00%

01/01/2051

1,729,659

1,953,729

Pool

CB3240

3.00%

04/01/2052

1,738,867

1,539,523

Pool

CB4573

5.00%

09/01/2052

1,526,312

749,936

Pool

CB7781

5.50%

01/01/2054

756,229

1,373,768

Pool

CB8692

5.50%

06/01/2054

1,409,864

3,316,385

Pool

CB8851

6.00%

07/01/2054

3,439,212

4,389,554

Pool

FA0561

5.00%

01/01/2055

4,385,187

766,806

Pool

FA1142

6.00%

10/01/2054

791,438

2,501,299

Pool

FA1622

2.50%

06/01/2052

2,120,954

627,493

Pool

FA2510

5.50%

08/01/2055

637,268

4,699,874

Pool

FA3443

2.00%

05/01/2052

3,856,377

2,903,489

Pool

FA4225

5.00%

02/01/2053

2,879,515

1,773,536

Pool

FA4457

2.00%

02/01/2052

1,451,964

4,507,039

Pool

FM6660

2.50%

03/01/2051

3,813,226

1,777,534

Pool

FM9785

2.00%

12/01/2051

1,447,716

2,243,472

Pool

FS3708

5.00%

01/01/2053

2,228,400

986,242

Pool

FS5082

5.00%

02/01/2053

989,936

1,539,606

Pool

FS5420

2.50%

03/01/2052

1,322,488

1,587,736

Pool

FS5600

2.50%

06/01/2052

1,366,601

3,912,312

Pool

FS5719

3.00%

05/01/2052

3,501,136

810,655

Pool

FS6309

6.00%

12/01/2053

848,761

2,428,356

Pool

FS6517

2.50%

04/01/2052

2,094,101

2,580,558

Pool

FS7738

6.00%

03/01/2054

2,689,887

1,331,285

Pool

FS8659

5.50%

07/01/2054

1,359,344

3,266,284

Pool

FS9708

3.00%

06/01/2052

2,919,836

890,535

Pool

FS9728

3.00%

03/01/2052

797,080

3,281,097

Pool

MA5553

5.50%

12/01/2054

3,299,444

#### FNMA,

#### Other

#### ,
1,204,628

Pool

BS9685

5.63%

10/01/2033

1,265,336

#### GNMA

#### ,
985,813

Pool

785717

3.00%

11/20/2051

875,173

2,775,219

Pool

785805

2.50%

12/20/2051

2,384,033

2,406,892

Pool

786184

3.00%

02/20/2052

2,129,266

710,995

Pool

786227

3.00%

04/20/2052

629,845

1,468,152

Pool

786726

2.00%

03/20/2051

1,194,830

2,346,116

Pool

787800

2.50%

12/20/2050

1,992,458

3,910,202

Pool

787829

2.50%

03/20/2052

3,371,184

1,561,073

Pool

787830

2.50%

12/20/2050

1,338,184

3,131,204

Pool

787831

2.50%

10/20/2050

2,671,301

2,213,585

Pool

787860

3.00%

05/20/2051

1,985,699

1,605,828

Pool

MA5191

3.50%

05/20/2048

1,506,954

588,129

Series

2013-116-WU

3.00%

12/20/2042

581,983

952,240

Series

2021-58-HP

3.00%

08/20/2050

845,930

860,479

Series

2022-23-BA

3.00%

05/20/2049

797,278

#### Total

#### U.S.

#### Government

#### and

#### Agency

#### Mortgage-

#### Backed

#### Obligations

#### (Cost

#### $151,227,355)

#### 152,148,136

#### U.S.

#### GOVERNMENT

#### AND

#### AGENCY

#### OBLIGATIONS

#### 17.5%
8,700,000

#### U.S.

#### Treasury

#### Bonds
1.13%

05/15/2040

5,483,379

11,000,000

#### U.S.

#### Treasury

#### Bonds
1.38%

11/15/2040

7,089,199

3,000,000

#### U.S.

#### Treasury

#### Bonds
1.88%

02/15/2041

2,079,434

1,315,000

#### U.S.

#### Treasury

#### Inflation

#### Linked

#### Notes
0.38%

07/15/2027

1,748,435

1,995,000

#### U.S.

#### Treasury

#### Inflation

#### Linked

#### Notes
1.63%

10/15/2027

2,225,166

#### 26

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

1,335,000

#### U.S.

#### Treasury

#### Inflation

#### Linked

#### Notes
0.50%

01/15/2028

1,747,147

4,800,000

#### U.S.

#### Treasury

#### Notes
0.75%

01/31/2028

4,540,781

37,750,000

#### U.S.

#### Treasury

#### Notes
0.63%

05/15/2030

33,072,539

39,500,000

#### U.S.

#### Treasury

#### Notes
0.63%

08/15/2030

34,308,682

37,000,000

#### U.S.

#### Treasury

#### Notes
0.88%

11/15/2030

32,256,484

#### Total

#### U.S.

#### Government

#### and

#### Agency

#### Obligations

#### (Cost

#### $124,490,092)

#### 124,551,246

#### AFFILIATED

#### MUTUAL

#### FUNDS 4.9%
2,052,015

#### DoubleLine

#### Emerging

#### Markets

#### Local

#### Currency

#### Bond

#### Fund
19,124,775

1,853,272

#### DoubleLine

#### Global

#### Bond

#### Fund
15,956,672

#### Total

#### Affiliated

#### Mutual

#### Funds

#### (Cost

#### $36,152,000)

#### 35,081,447

#### SHORT

#### TERM

#### INVESTMENTS

#### 3.2%
22,988,988

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(h) 22,988,988

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $22,988,988)

#### 22,988,988

#### Total

#### Investments

#### 100.3%

#### (Cost

#### $714,820,090)

#### 714,658,495

#### Liabilities

#### in

#### Excess

#### of

#### Other

#### Assets

#### (0.3)%

#### (2,370,333)

#### NET

#### ASSETS

#### 100.0%

#### $712,288,162
A

#### INVESTMENT

#### BREAKDOWN
as

a

%

of

Net

Assets:

US

Government

and

Agency

Mortgage

Backed

Obligations

21.3 %

US

Government

and

Agency

Obligations

17.5 Non-Agency

Residential

Collateralized

Mortgage

Obligations

10.7 Asset

Backed

Obligations

7.6 Non-Agency

Commercial

Mortgage

Backed

Obligations

6.9 Affiliated

Mutual

Funds

4.9 Collateralized

Loan

Obligations

3.6 Short

Term

Investments

3.2 Banks

2.5 Oil,

Gas

&

Consumable

Fuels

1.8 Electric

Utilities

1.7 Hotels,

Restaurants

&

Leisure

1.0 Metals

&

Mining

0.8 Consumer

Finance

0.7 Media

0.7 Insurance

0.7 Ground

Transportation

0.6 Diversified

Telecommunication

Services

0.6 Foreign

Government

Bonds,

Foreign

Agencies

and

Foreign

Government

Sponsored

Corporations

0.6 Specialty

Retail

0.5 Software

0.5 Capital

Markets

0.5 Pharmaceuticals

0.5 Health

Care

Equipment

&

Supplies

0.5 Food

Products

0.5 Commercial

Services

&

Supplies

0.5 Health

Care

Providers

&

Services

0.5 .

#### INVESTMENT

#### BREAKDOWN
as

a

%

of

Net

Assets:

(Cont.)

Building

Products

0.4 %

Multi-Utilities

0.4 Aerospace

&

Defense

0.4 Financial

Services

0.4 Construction

&

Engineering

0.4 Semiconductors

&

Semiconductor

Equipment

0.4 Electrical

Equipment

0.3 Transportation

Infrastructure

0.3 Professional

Services

0.3 Trading

Companies

&

Distributors

0.3 Machinery

0.3 Independent

Power

and

Renewable

Electricity

Producers

0.3 Marine

Transportation

0.2 Energy

Equipment

&

Services

0.2 Chemicals

0.2 Diversified

Consumer

Services

0.2 IT

Services

0.2 Entertainment

0.2 Specialized

REITs

0.2 Wireless

Telecommunication

Services

0.2 Containers

&

Packaging

0.2 Consumer

Staples

Distribution

&

Retail

0.2 Automobile

Components

0.2 Electronic

Equipment,

Instruments

&

Components

0.2 Tobacco

0.2 Passenger

Airlines

0.2 Distributors

0.1 Biotechnology

0.1 Construction

Materials

0.1 Electric

0.1 Diversified

REITs

0.1 Hotel

&

Resort

REITs

0.1 Retail

REITs

0.1 Communications

Equipment

0.1 Health

Care

REITs

0.1 Automobiles

0.1 Broadline

Retail

0.1 Leisure

Products

0.1 Household

Durables

0.1 Residential

REITs

0.1 Personal

Care

Products

0.1 Paper

&

Forest

Products

0.1 Airlines

0.1 Industrial

REITs

0.1 Life

Sciences

Tools

&

Services

0.1 Real

Estate

Management

&

Development

0. 0

(a) Household

Products

0.0 (a) Gas

Utilities

0.0 (a) Mortgage

Real

Estate

Investment

Trusts

(REITs)

0.0 (a) Water

Utilities

0.0 (a) Banking

0.0 (a) Technology

Hardware,

Storage

&

Peripherals

0.0 (a) Food

and

Beverage

0.0 (a) Beverages

0.0 (a) Health

Care

Technology

0.0 (a) Common

Stocks

0.0 (a) Other

Assets

and

Liabilities

(0.3)

100.0 %

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 27

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(a) #### Represents

#### less

#### than

#### 0.05%

#### of

#### net

#### assets.
(b) #### Value

#### determined

#### using

#### significant

#### unobservable

#### inputs.
(c) #### 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.

#### At

#### March

#### 31,

#### 2026,

#### the

#### value

#### of

#### these

#### securities

#### amounted

#### to

#### approximately

#### $225,355,020

#### or

#### 31.64%

#### of

#### net

#### assets.
(d) #### 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.
(e) #### Perpetual

#### maturity.

#### The

#### date

#### disclosed

#### is

#### the

#### next

#### call

#### date

#### of

#### the

#### security.
(f) #### 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.
(g) #### Interest

#### only

#### security.
(h) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### 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.

#### Abbreviations:

#### FHLMC

#### Federal

#### Home

#### Loan

#### Mortgage

#### Corporation

#### FNMA

#### Federal

#### National

#### Mortgage

#### Association

#### GNMA

#### Government

#### National

#### Mortgage

#### Association

#### SOFR

#### Secured

#### Overnight

#### Financing

#### Rate

#### UMBS

#### Uniform

#### Mortgage

#### Backed

#### Securities

#### STACR

#### Structured

#### Agency

#### Credit

#### Risk

#### REMIC

#### Real

#### Estate

#### Mortgage

#### Investment

#### Conduit

#### ACES

#### Alternative

#### Credit

#### Enhancement

#### Securities

#### Futures

#### Contracts

#### Description

#### Long/Short

#### Contract

#### Quantity

#### Expiration

#### Date

#### Notional

#### Amount
(1) #### Unrealized

#### Appreciation
(Depreciation)

#### /

#### Value
U.S.

Treasury

Ultra

Bonds

Short

(243) 06/18/2026

$

(28,324,688)

$

776,228

U.S.

Treasury

Year

Ultra

Bonds

Short

(45) 06/18/2026

(5,108,203)

93,243

U.S.

Treasury

Year

Notes

Long

06/30/2026

20,554,141

(201,094)

U.S.

Treasury

Long

Bonds

Long

575

06/18/2026

65,478,125

(1,718,627)

U.S.

Treasury

Year

Notes

Long

1,755

06/30/2026

364,066,523

(2,492,962)

$(3,543,212)

(1) #### 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

Opportunistic

Core

Bond

ETF's

investments

in

affiliated

mutual

funds

for

the

period

ended

March

31,

2026

is

as

follows:

#### &nbsp;&nbsp;&nbsp;&nbsp;Fund

#### Value

#### at

#### September

#### 30

#### ,

#### 2025

#### Gross

#### Purchases

#### Gross

#### Sales

#### Net

#### Realized

#### Gain
(Loss)

#### for

#### the

#### period

#### Ended

#### March

#### 31

#### ,

#### 2026

#### Change

#### in

#### Unrealized

#### for

#### the

#### period

#### Ended

#### March

#### 31

#### ,

#### 2026

#### Value

#### at

#### March

#### 31

#### ,

#### 2026

#### Shares

#### Held

#### at

#### March

#### 31

#### ,

#### 2026

#### Dividend

#### Income

#### Earned

#### for

#### the

#### period

#### Ended

#### March

#### 31

#### ,

#### 2026
DoubleLine

Global

Bond

Fund

$

13,100,000

$

3,321,000

$

—

$

—

$

(464,328)

$

15,956,672

1,853,272

$

250,544

DoubleLine

Emerging

Markets

Local

Currency

Bond

Fund

5,238,738

14,631,000

—

—

(744,963)

19,124,775

2,052,015

376,626

$

18,338,738

$

17,952,000

$

—

$

—

$(1,209,291)

$35,081,447

3,905,287

$

627,170

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Shiller

#### CAPE

####®

#### U.S.

#### Equities

#### ETF
(Unaudited)

March

31,

2026

#### 28

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
SHARES

SECURITY

DESCRIPTION

VALUE

$

#### COMMON

#### STOCKS

#### 99.6%

#### AUTOMOBILE

#### COMPONENTS

#### 0.1%
3,518

#### Aptiv

#### plc
(a) 244,290

#### AUTOMOBILES

#### 5.4%
64,532

#### Ford

#### Motor

#### Co.
744,699

15,272

#### General

#### Motors

#### Co.
1,137,764

32,984

#### Tesla,

#### Inc.
(a) 12,261,802

14,144,265

#### BIOTECHNOLOGY

#### 4.7%
21,524

#### AbbVie,

#### Inc.
4,681,254

6,562

#### Amgen,

#### Inc.
2,308,840

1,798

#### Biogen,

#### Inc.
(a) 329,627

15,167

#### Gilead

#### Sciences,

#### Inc.
2,113,825

2,024

#### Incyte

#### Corp.
(a) 190,499

4,226

#### Moderna,

#### Inc.
(a) 214,681

1,233

#### Regeneron

#### Pharmaceuticals,

#### Inc.
952,665

3,102

#### Vertex

#### Pharmaceuticals,

#### Inc.
(a) 1,385,167

12,176,558

#### BROADLINE

#### RETAIL

#### 5.9%
70,975

#### Amazon.com,

#### Inc.
(a) 14,781,963

7,387

#### eBay,

#### Inc.
672,365

15,454,328

#### CONSUMER

#### STAPLES

#### DISTRIBUTION

#### &

#### RETAIL

#### 0.0%
(b) 35,955

#### Walgreens

#### Boots

#### Alliance,

#### Inc.,

#### CVR

#### (a)(c)
19,056

#### DISTRIBUTORS

#### 0.1%
2,283

#### Genuine

#### Parts

#### Co.
241,427

539

#### Pool

#### Corp.
109,056

350,483

#### DIVERSIFIED

#### REITS

#### 0.3%
11,357

#### WP

#### Carey,

#### Inc.
771,822

#### DIVERSIFIED

#### TELECOMMUNICATION

#### SERVICES

#### 4.1%
126,344

#### AT&T,

#### Inc.
3,662,713

112,327

#### Comcast

#### Corp.

#### -

#### Class

#### A
3,224,908

77,197

#### Verizon

#### Communications,

#### Inc.
3,875,289

10,762,910

#### ENTERTAINMENT

#### 7.0%
15,174

#### Electronic

#### Arts,

#### Inc.
3,093,523

14,053

#### Live

#### Nation

#### Entertainment,

#### Inc.
(a) 2,143,223

40,236

#### Netflix,

#### Inc.
(a) 3,868,692

12,541

#### Take-Two

#### Interactive

#### Software,

#### Inc.
(a) 2,476,848

5,853

#### TKO

#### Group

#### Holdings,

#### Inc.

#### -

#### Class

#### A
1,180,257

28,223

#### Walt

#### Disney

#### Co.
(The)

2,720,133

104,442

#### Warner

#### Bros

#### Discovery,

#### Inc.
(a) 2,867,977

18,350,653

#### HEALTH

#### CARE

#### EQUIPMENT

#### &

#### SUPPLIES

#### 4.7%
21,362

#### Abbott

#### Laboratories
2,193,238

823

#### Align

#### Technology,

#### Inc.
(a) 141,087

6,318

#### Baxter

#### International,

#### Inc.
106,142

3,525

#### Becton

#### Dickinson

#### &

#### Co.
554,236

18,128

#### Boston

#### Scientific

#### Corp.
(a) 1,137,532

2,453

#### Cooper

#### Cos.,

#### Inc.
(The)

(a) 175,390

4,785

#### Dexcom,

#### Inc.
(a) 300,498

7,122

#### Edwards

#### Lifesciences

#### Corp.
(a) 570,330

5,586

#### GE

#### HealthCare

#### Technologies,

#### Inc.
397,611

2,735

#### Hologic,

#### Inc.
(a) 206,739

982

#### IDEXX

#### Laboratories,

#### Inc.
(a) 551,776

866

#### Insulet

#### Corp.
(a) 181,721

4,338

#### Intuitive

#### Surgical,

#### Inc.
(a) 1,999,775

SHARES

SECURITY

DESCRIPTION

VALUE

$

15,699

#### Medtronic

#### plc
1,360,318

1,782

#### ResMed,

#### Inc.
400,023

1,800

#### Solventum

#### Corp.
(a) 117,540

1,194

#### STERIS

#### plc
264,029

4,241

#### Stryker

#### Corp.
1,393,550

2,439

#### Zimmer

#### Biomet

#### Holdings,

#### Inc.
220,534

12,272,069

#### HEALTH

#### CARE

#### PROVIDERS

#### &

#### SERVICES

#### 4.1%
2,925

#### Cardinal

#### Health,

#### Inc.
618,082

2,365

#### Cencora,

#### Inc.
742,941

5,712

#### Centene

#### Corp.
(a) 187,011

3,273

#### Cigna

#### Group
(The)

873,073

15,597

#### CVS

#### Health

#### Corp.
1,120,177

#### DaVita,

#### Inc.
(a) 66,701

2,722

#### Elevance

#### Health,

#### Inc.
796,866

1,956

#### HCA

#### Healthcare,

#### Inc.
925,657

1,226

#### Henry

#### Schein,

#### Inc.
(a) 90,356

1,472

#### Humana,

#### Inc.
255,230

1,020

#### Labcorp

#### Holdings,

#### Inc.
272,146

1,515

#### McKesson

#### Corp.
1,311,020

627

#### Molina

#### Healthcare,

#### Inc.
(a) 83,579

1,365

#### Quest

#### Diagnostics,

#### Inc.
267,513

11,127

#### UnitedHealth

#### Group,

#### Inc.
3,010,855

676

#### Universal

#### Health

#### Services,

#### Inc.

#### -

#### Class

#### B
120,984

10,742,191

#### HEALTH

#### CARE

#### REITS

#### 4.0%
8,042

#### Alexandria

#### Real

#### Estate

#### Equities,

#### Inc.
373,310

18,085

#### Healthcare

#### Realty

#### Trust,

#### Inc.

#### -

#### Class

#### A
307,264

35,846

#### Healthpeak

#### Properties,

#### Inc.
588,950

15,313

#### Omega

#### Healthcare

#### Investors,

#### Inc.
671,016

12,938

#### Sabra

#### Health

#### Care

#### REIT,

#### Inc.
248,798

24,278

#### Ventas,

#### Inc.
1,985,455

32,062

#### Welltower,

#### Inc.
6,338,977

10,513,770

#### HOTEL

#### &

#### RESORT

#### REITS

#### 0.2%
33,235

#### Host

#### Hotels

#### &

#### Resorts,

#### Inc.
636,783

#### HOTELS,

#### RESTAURANTS

#### &

#### LEISURE

#### 6.1%
7,011

#### Airbnb,

#### Inc.

#### -

#### Class

#### A
(a) 885,349

531

#### Booking

#### Holdings,

#### Inc.
2,235,680

17,789

#### Carnival

#### Corp.
460,379

21,782

#### Chipotle

#### Mexican

#### Grill,

#### Inc.

#### -

#### Class

#### A
(a) 697,242

1,920

#### Darden

#### Restaurants,

#### Inc.
376,397

513

#### Domino's

#### Pizza,

#### Inc.
184,059

6,177

#### DoorDash,

#### Inc.

#### -

#### Class

#### A
(a) 927,477

1,915

#### Expedia

#### Group,

#### Inc.
442,154

3,811

#### Hilton

#### Worldwide

#### Holdings,

#### Inc.
1,158,849

5,009

#### Las

#### Vegas

#### Sands

#### Corp.
269,885

3,649

#### Marriott

#### International,

#### Inc.

#### -

#### Class

#### A
1,193,478

10,384

#### McDonald's

#### Corp.
3,227,243

3,376

#### MGM

#### Resorts

#### International
(a) 124,946

7,463

#### Norwegian

#### Cruise

#### Line

#### Holdings

#### Ltd.
(a) 139,558

4,178

#### Royal

#### Caribbean

#### Cruises

#### Ltd.
1,149,702

18,685

#### Starbucks

#### Corp.
1,673,989

1,384

#### Wynn

#### Resorts

#### Ltd.
140,545

4,574

#### Yum!

#### Brands,

#### Inc.
711,166

15,998,098

#### HOUSEHOLD

#### DURABLES

#### 0.9%
4,496

#### DR

#### Horton,

#### Inc.
616,941

2,686

#### Garmin

#### Ltd.
623,180

3,548

#### Lennar

#### Corp.

#### -

#### Class

#### A
308,108

#### NVR,

#### Inc.
(a) 309,722

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 29

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
SHARES

SECURITY

DESCRIPTION

VALUE

$

3,212

#### PulteGroup,

#### Inc.
377,763

2,235,714

#### INDUSTRIAL

#### REITS

#### 3.0%
14,706

#### Americold

#### Realty

#### Trust,

#### Inc.
168,531

2,758

#### EastGroup

#### Properties,

#### Inc.
510,478

6,850

#### First

#### Industrial

#### Realty

#### Trust,

#### Inc.
396,273

2,955

#### Lineage,

#### Inc.
96,806

45,076

#### Prologis,

#### Inc.
5,958,145

11,910

#### Rexford

#### Industrial

#### Realty,

#### Inc.
389,814

9,665

#### STAG

#### Industrial,

#### Inc.
348,520

7,868,567

#### INTERACTIVE

#### MEDIA

#### &

#### SERVICES

#### 9.6%
23,549

#### Alphabet,

#### Inc.

#### -

#### Class

#### A
6,771,750

18,830

#### Alphabet,

#### Inc.

#### -

#### Class

#### C
5,401,574

21,218

#### Match

#### Group,

#### Inc.
651,605

20,719

#### Meta

#### Platforms,

#### Inc.

#### -

#### Class

#### A
11,853,961

24,678,890

#### LEISURE

#### PRODUCTS

#### 0.1%
2,193

#### Hasbro,

#### Inc.
205,265

#### LIFE

#### SCIENCES

#### TOOLS

#### &

#### SERVICES

#### 2.2%
3,460

#### Agilent

#### Technologies,

#### Inc.
394,371

1,903

#### Bio-Techne

#### Corp.
99,451

603

#### Charles

#### River

#### Laboratories

#### International,

#### Inc.
(a) 104,018

7,655

#### Danaher

#### Corp.
1,451,388

2,096

#### IQVIA

#### Holdings,

#### Inc.
(a) 357,452

#### Mettler-Toledo

#### International,

#### Inc.
(a) 315,300

1,384

#### Revvity,

#### Inc.
121,252

4,580

#### Thermo

#### Fisher

#### Scientific,

#### Inc.
2,251,207

1,213

#### Waters

#### Corp.
(a) 361,231

886

#### West

#### Pharmaceutical

#### Services,

#### Inc.
222,067

5,677,737

#### MEDIA

#### 3.0%
7,897

#### Charter

#### Communications,

#### Inc.

#### -

#### Class

#### A
(a) 1,704,805

18,516

#### Fox

#### Corp.

#### -

#### Class

#### A
1,081,334

13,191

#### Fox

#### Corp.

#### -

#### Class

#### B
700,442

33,422

#### News

#### Corp.

#### -

#### Class

#### A
833,210

11,004

#### News

#### Corp.

#### -

#### Class

#### B
313,724

28,528

#### Omnicom

#### Group,

#### Inc.
2,148,445

28,210

#### Paramount

#### Skydance

#### Corp.

#### -

#### Class

#### B
254,454

39,286

#### Trade

#### Desk,

#### Inc.
(The)

#### -

#### Class

#### A
(a) 891,399

7,927,813

#### MORTGAGE

#### REAL

#### ESTATE

#### INVESTMENT

#### TRUSTS
(REITS)

#### 0.7%
55,560

#### AGNC

#### Investment

#### Corp.
557,267

35,324

#### Annaly

#### Capital

#### Management,

#### Inc.
747,103

28,704

#### Rithm

#### Capital

#### Corp.
272,114

18,060

#### Starwood

#### Property

#### Trust,

#### Inc.
310,993

1,887,477

#### OFFICE

#### REITS

#### 0.4%
7,625

#### BXP,

#### Inc.
395,737

8,750

#### Cousins

#### Properties,

#### Inc.
197,488

5,651

#### Kilroy

#### Realty

#### Corp.
159,415

8,393

#### Vornado

#### Realty

#### Trust
218,134

970,774

#### PHARMACEUTICALS

#### 9.2%
25,015

#### Bristol-Myers

#### Squibb

#### Co.
1,517,160

9,741

#### Eli

#### Lilly

#### &

#### Co.
8,959,479

29,413

#### Johnson

#### &

#### Johnson
7,189,713

30,395

#### Merck

#### &

#### Co.,

#### Inc.
3,656,215

69,670

#### Pfizer,

#### Inc.
1,956,334

SHARES

SECURITY

DESCRIPTION

VALUE

$

14,096

#### Viatris,

#### Inc.
190,437

5,429

#### Zoetis,

#### Inc.

#### -

#### Class

#### A
641,762

24,111,100

#### REAL

#### ESTATE

#### MANAGEMENT

#### &

#### DEVELOPMENT

#### 1.6%
15,177

#### CBRE

#### Group,

#### Inc.

#### -

#### Class

#### A
(a) 2,055,876

22,085

#### CoStar

#### Group,

#### Inc.
(a) 890,909

2,464

#### Jones

#### Lang

#### LaSalle,

#### Inc.
(a) 749,844

2,597

#### Zillow

#### Group,

#### Inc.

#### -

#### Class

#### A
(a) 107,490

9,110

#### Zillow

#### Group,

#### Inc.

#### -

#### Class

#### C
(a) 376,972

4,181,091

#### RESIDENTIAL

#### REITS

#### 2.9%
16,884

#### American

#### Homes

#### 4

#### Rent

#### -

#### Class

#### A
471,401

7,331

#### AvalonBay

#### Communities,

#### Inc.
1,197,520

5,534

#### Camden

#### Property

#### Trust
540,450

10,049

#### Equity

#### LifeStyle

#### Properties,

#### Inc.
627,259

17,922

#### Equity

#### Residential
1,060,086

3,337

#### Essex

#### Property

#### Trust,

#### Inc.
807,554

29,317

#### Invitation

#### Homes,

#### Inc.
728,527

6,060

#### Mid-America

#### Apartment

#### Communities,

#### Inc.
740,047

6,017

#### Sun

#### Communities,

#### Inc.
757,901

15,546

#### UDR,

#### Inc.
525,144

7,455,889

#### RETAIL

#### REITS

#### 3.4%
5,948

#### Agree

#### Realty

#### Corp.
448,360

15,869

#### Brixmor

#### Property

#### Group,

#### Inc.
457,027

4,070

#### Federal

#### Realty

#### Investment

#### Trust
432,275

35,071

#### Kimco

#### Realty

#### Corp.
788,045

9,840

#### NNN

#### REIT,

#### Inc.
413,575

46,991

#### Realty

#### Income

#### Corp.
2,874,909

8,511

#### Regency

#### Centers

#### Corp.
643,942

15,439

#### Simon

#### Property

#### Group,

#### Inc.
2,879,838

8,937,971

#### SPECIALIZED

#### REITS

#### 8.2%
16,255

#### American

#### Tower

#### Corp.
2,805,288

22,494

#### Crown

#### Castle,

#### Inc.
1,828,987

11,853

#### CubeSmart
434,412

16,759

#### Digital

#### Realty

#### Trust,

#### Inc.
3,020,139

3,291

#### Equinix,

#### Inc.
3,225,971

11,022

#### Extra

#### Space

#### Storage,

#### Inc.
1,445,315

14,675

#### Gaming

#### and

#### Leisure

#### Properties,

#### Inc.
651,130

15,281

#### Iron

#### Mountain,

#### Inc.
1,560,801

4,494

#### Lamar

#### Advertising

#### Co.

#### -

#### Class

#### A
569,210

8,006

#### Millrose

#### Properties,

#### Inc.

#### -

#### Class

#### A
224,168

8,195

#### Public

#### Storage
2,219,862

5,530

#### SBA

#### Communications

#### Corp.

#### -

#### Class

#### A
951,768

55,361

#### VICI

#### Properties,

#### Inc.

#### -

#### Class

#### A
1,512,463

37,643

#### Weyerhaeuser

#### Co.
919,618

21,369,132

#### SPECIALTY

#### RETAIL

#### 5.5%

#### AutoZone,

#### Inc.
(a) 915,378

3,236

#### Best

#### Buy

#### Co.,

#### Inc.
207,751

2,299

#### Carvana

#### Co.

#### -

#### Class

#### A
(a) 722,760

11,694

#### Home

#### Depot,

#### Inc.
(The)

3,846,040

9,217

#### Lowe's

#### Cos.,

#### Inc.
2,177,793

13,857

#### O'Reilly

#### Automotive,

#### Inc.
(a) 1,279,140

5,361

#### Ross

#### Stores,

#### Inc.
1,161,353

18,331

#### TJX

#### Cos.,

#### Inc.
(The)

2,927,461

8,707

#### Tractor

#### Supply

#### Co.
394,427

737

#### Ulta

#### Beauty,

#### Inc.
(a) 385,237

1,967

#### Williams-Sonoma,

#### Inc.
358,643

14,375,983

#### 30

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Shiller

#### CAPE

####®

#### U.S.

#### Equities

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

SHARES

SECURITY

DESCRIPTION

VALUE

$

#### TEXTILES,

#### APPAREL

#### &

#### LUXURY

#### GOODS

#### 0.9%
2,385

#### Deckers

#### Outdoor

#### Corp.
(a) 238,715

1,765

#### Lululemon

#### Athletica,

#### Inc.
(a) 270,222

19,504

#### NIKE,

#### Inc.

#### -

#### Class

#### B
1,030,200

643

#### Ralph

#### Lauren

#### Corp.

#### -

#### Class

#### A
221,186

3,366

#### Tapestry,

#### Inc.
474,976

2,235,299

#### WIRELESS

#### TELECOMMUNICATION

#### SERVICES

#### 1.3%
15,796

#### T-Mobile

#### US,

#### Inc.
3,317,634

#### Total

#### Common

#### Stocks

#### (Cost

#### $266,801,631)

#### 259,873,612

#### SHORT

#### TERM

#### INVESTMENTS

#### 0.3%
680,605

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(d) 680,605

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $680,605)

#### 680,605

#### Total

#### Investments

#### 99.9%

#### (Cost

#### $267,482,236)

#### 260,554,217

#### Other

#### Assets

#### in

#### Excess

#### of

#### Liabilities

#### 0.1%

#### 176,847

#### NET

#### ASSETS

#### 100.0%

#### $260,731,064
(a) #### Non-income

#### producing

#### security.
(b) #### Represents

#### less

#### than

#### 0.05%

#### of

#### net

#### assets.
(c) #### Value

#### determined

#### using

#### significant

#### unobservable

#### inputs.
(d) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### Abbreviations:

#### CVR

#### Contingent

#### Value

#### Rights

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF
(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 31

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

#### COLLATERALIZED

#### LOAN

#### OBLIGATIONS

#### 19.9%

#### ACRES

#### LLC

#### ,
2,000,000

Series

2025-FL3-A

(CME

Term

SOFR

Month

+

1.62%)

5.30%

(a) 08/18/2040

2,005,082

#### Arbor

#### Realty

#### Collateralized

#### Loan

#### Obligation

#### Ltd.

#### ,
3,100,000

Series

2025-BTR1-A

(CME

Term

SOFR

Month

+

1.93%)

5.60%

(a) 01/20/2041

3,105,168

2,000,000

Series

2025-BTR1-AS

(CME

Term

SOFR

Month

+

2.64%)

6.31%

(a) 01/20/2041

2,002,966

#### Arbor

#### Realty

#### Commercial

#### Real

#### Estate

#### Notes

#### LLC

#### ,
1,456,000

Series

2026-FL1-A

(CME

Term

SOFR

Month

+

1.50%)

5.17%

(a) 09/20/2043

1,457,816

#### Arbor

#### Realty

#### Commercial

#### Real

#### Estate

#### Notes

#### Ltd.

#### ,
1,800,538

Series

2021-FL4-A

(CME

Term

SOFR

Month

+

1.46%,

1.46%

Floor)

5.14%

(a) 11/15/2036

1,802,806

644,565

Series

2022-FL1-A

(SOFR

Day

Average

+

1.45%,

1.45%

Floor)

5.12%

(a) 01/15/2037

645,383

#### AREIT

#### LLC

#### ,
360,131

Series

2022-CRE7-A

(CME

Term

SOFR

Month

+

2.24%)

5.92%

(a) 06/17/2039

360,778

3,000,000

Series

2025-CRE11-A

(CME

Term

SOFR

Month

+

1.55%)

5.23%

(a) 07/25/2043

3,005,379

#### BDS

#### LLC

#### ,
2,000,000

Series

2025-FL16-C

(CME

Term

SOFR

Month

+

2.10%)

5.78%

(a) 06/19/2043

1,997,018

#### BDS

#### Ltd.

#### ,
83,447

Series

2021-FL10-A

(CME

Term

SOFR

Month

+

1.46%)

5.14%

(a) 12/16/2036

83,661

#### BSPDF

#### Issuer

#### LLC

#### ,
1,000,000

Series

2025-FL2-A

(CME

Term

SOFR

Month

+

1.52%)

5.20%

(a) 12/15/2042

1,003,046

#### BSPRT

#### Issuer

#### LLC

#### ,
2,500,000

Series

2026-FL13-A

(CME

Term

SOFR

Month

+

1.50%)

0.00%

(a) 10/18/2043

2,506,250

#### BSPRT

#### Issuer

#### Ltd.

#### ,
1,208,721

Series

2023-FL10-A

(CME

Term

SOFR

Month

+

2.26%,

2.26%

Floor)

5.93%

(a) 09/15/2035

1,211,801

#### BXMT

#### Ltd.

#### ,
28,404

Series

2020-FL2-A

(CME

Term

SOFR

Month

+

1.26%,

1.01%

Floor)

4.94%

(a) 02/15/2038

28,419

1,750,000

Series

2020-FL2-B

(CME

Term

SOFR

Month

+

1.76%)

5.44%

(a) 02/15/2038

1,747,251

3,000,000

Series

2026-FL6-A

(CME

Term

SOFR

Month

+

1.45%)

5.13%

(a) 08/19/2043

3,002,835

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### FS

#### Rialto

#### ,
463,549

Series

2021-FL2-A

(CME

Term

SOFR

Month

+

1.33%,

1.33%

Floor)

5.01%

(a) 05/16/2038

464,105

1,250,000

Series

2021-FL2-AS

(CME

Term

SOFR

Month

+

1.66%)

5.34%

(a) 05/16/2038

1,252,765

837,320

Series

2021-FL3-A

(CME

Term

SOFR

Month

+

1.36%,

1.36%

Floor)

5.04%

(a) 11/16/2036

839,102

3,500,000

Series

2021-FL3-AS

(CME

Term

SOFR

Month

+

1.66%)

5.34%

(a) 11/16/2036

3,505,155

1,300,000

Series

2021-FL3-C

(CME

Term

SOFR

Month

+

2.16%)

5.84%

(a) 11/16/2036

1,304,472

#### GPMT

#### Ltd.

#### ,
1,960,423

Series

2021-FL3-AS

(CME

Term

SOFR

Month

+

1.96%)

5.64%

(a) 07/16/2035

1,963,838

4,400,250

Series

2021-FL4-A

(CME

Term

SOFR

Month

+

1.46%,

1.35%

Floor)

5.14%

(a) 12/15/2036

4,414,027

1,320,000

Series

2021-FL4-AS

(CME

Term

SOFR

Month

+

1.81%,

1.70%

Floor)

5.49%

(a) 12/15/2036

1,322,783

1,000,000

Series

2021-FL4-B

(CME

Term

SOFR

Month

+

2.06%)

5.74%

(a) 12/15/2036

996,914

#### GS

#### REFT

#### Issuer

#### Ltd.

#### ,
3,500,000

Series

2026-FL1-A

(CME

Term

SOFR

Month

+

1.50%)

5.17%

(a) 04/19/2043

3,508,750

#### INCREF

#### LLC

#### ,
2,500,000

Series

2025-FL1-A

(CME

Term

SOFR

Month

+

1.73%)

5.41%

(a) 10/19/2042

2,506,585

#### KREF

#### Ltd.

#### ,
837,029

Series

2021-FL2-A

(CME

Term

SOFR

Month

+

1.18%,

1.07%

Floor)

4.86%

(a) 02/15/2039

839,011

3,000,000

Series

2021-FL2-AS

(CME

Term

SOFR

Month

+

1.41%,

1.30%

Floor)

5.09%

(a) 02/15/2039

3,005,241

100,000

Series

2021-FL2-C

(CME

Term

SOFR

Month

+

2.11%,

2.00%

Floor)

5.79%

(a) 02/15/2039

99,883

250,000

Series

2022-FL3-AS

(CME

Term

SOFR

Month

+

1.90%,

1.90%

Floor)

5.58%

(a) 02/17/2039

250,719

250,000

Series

2022-FL3-B

(CME

Term

SOFR

Month

+

2.10%,

2.10%

Floor)

5.78%

(a) 02/17/2039

250,823

#### LMNT

#### CRE

#### LLC

#### ,
3,000,000

Series

2025-FL3-C

(CME

Term

SOFR

Month

+

2.75%)

6.42%

(a) 07/21/2043

3,036,948

#### 32

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### LoanCore

#### Issuer

#### Ltd.

#### ,
512,126

Series

2021-CRE5-AS

(CME

Term

SOFR

Month

+

1.86%,

1.86%

Floor)

5.54%

(a) 07/15/2036

514,730

101,093

Series

2021-CRE6-A

(CME

Term

SOFR

Month

+

1.41%,

1.30%

Floor)

5.09%

(a) 11/15/2038

101,349

1,600,000

Series

2021-CRE6-C

(CME

Term

SOFR

Month

+

2.41%)

6.09%

(a) 11/15/2038

1,604,839

#### MF1

#### LLC

#### ,
5,000,000

Series

2026-FL21-ASFX

5.12%

(a) 02/18/2041

5,002,305

#### MF1

#### Ltd.

#### ,
2,530,539

Series

2022-FL8-A

(CME

Term

SOFR

Month

+

1.35%)

5.03%

(a) 02/19/2037

2,533,689

1,430,000

Series

2022-FL8-AS

(CME

Term

SOFR

Month

+

1.75%)

5.43%

(a) 02/19/2037

1,431,160

#### MF1

#### Multifamily

#### Housing

#### Mortgage

#### Loan

#### Trust

#### ,
230,767

Series

2021-FL7-A

(CME

Term

SOFR

Month

+

1.19%,

1.08%

Floor)

4.87%

(a) 10/16/2036

231,016

1,000,000

Series

2021-FL7-B

(CME

Term

SOFR

Month

+

1.86%,

1.75%

Floor)

5.54%

(a) 10/16/2036

1,001,277

#### PFP

#### Ltd.

#### ,
3,000,000

Series

2026-13-A

(CME

Term

SOFR

Month

+

1.50%)

5.18%

(a) 08/18/2043

3,006,195

#### STWD

#### Ltd.

#### ,
3,000,000

Series

2021-FL2-AS

(CME

Term

SOFR

Month

+

1.56%)

5.24%

(a) 04/18/2038

3,002,877

164,364

Series

2022-FL3-A

(SOFR

Day

Average

+

1.35%,

1.35%

Floor)

5.02%

(a) 11/15/2038

164,561

#### TRTX

#### Issuer

#### Ltd.

#### ,
1,488,015

Series

2022-FL5-A

(CME

Term

SOFR

Month

+

1.65%,

1.65%

Floor)

5.33%

(a) 02/15/2039

1,489,868

2,100,000

Series

2022-FL5-AS

(CME

Term

SOFR

Month

+

2.15%,

2.15%

Floor)

5.83%

(a) 02/15/2039

2,102,612

3,000,000

Series

2022-FL5-B

(CME

Term

SOFR

Month

+

2.45%)

6.13%

(a) 02/15/2039

3,005,547

#### Total

#### Collateralized

#### Loan

#### Obligations

#### (Cost

#### $80,302,816)

#### 80,718,805

#### NON-AGENCY

#### COMMERCIAL

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 62.4%

#### 1211

#### Avenue

#### of

#### the

#### Americas

#### Trust

#### ,
1,600,000

Series

2015-1211-A1A2

3.90%

(a) 08/10/2035

1,533,800

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### 280

#### Park

#### Avenue

#### Mortgage

#### Trust

#### ,
1,500,000

Series

2017-280P-A

(CME

Term

SOFR

Month

+

1.18%,

1.13%

Floor)

4.85%

(a) 09/15/2034

1,492,877

#### Arbor

#### Multifamily

#### Mortgage

#### Securities

#### Trust

#### ,
1,454,000

Series

2021-MF2-ASB

2.24%

(a) 06/15/2054

1,376,911

#### ARDN

#### Mortgage

#### Trust

#### ,
1,860,000

Series

2025-ARCP-A

(CME

Term

SOFR

Month

+

1.75%)

5.42%

(a) 06/15/2035

1,855,654

#### BAMLL

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
2,000,000

Series

2015-HAUL-B

4.31%

(a) 07/07/2043

1,954,057

#### BANK

#### ,
536,360

Series

2017-BNK5-A4

3.13%

06/15/2060

530,495

334,922

Series

2018-BN14-A2

4.13%

09/15/2060

332,841

969,015

Series

2019-BN19-A2

2.93%

08/15/2061

927,711

1,044,735

Series

2021-BN32-ASB

2.33%

04/15/2054

993,931

638,528

Series

2021-BN36-A2

2.13%

09/15/2064

629,418

86,987

Series

2021-BN37-A1

1.19%

11/15/2064

86,349

400,000

Series

2021-BN38-ASB

2.51%

12/15/2064

376,384

312,857

Series

2022-BNK39-A1

1.74%

02/15/2055

309,499

1,130,048

Series

2023-BNK46-A1

6.01%

08/15/2056

1,143,354

1,419,625

Series

2024-BNK47-A1

5.52%

06/15/2057

1,440,030

2,274,453

Series

2025-BNK49-A1

4.77%

03/15/2058

2,280,445

2,599,710

Series

2025-BNK50-A1

4.73%

05/15/2068

2,604,093

#### BANK5

#### ,
3,000,000

Series

2023-5YR1-A3

6.26%

(b) 04/15/2056

3,081,221

244,671

Series

2023-5YR2-A1

6.20%

07/15/2056

248,076

3,000,000

Series

2023-5YR2-A3

6.66%

(b) 07/15/2056

3,115,584

3,000,000

Series

2023-5YR2-AS

7.14%

(b) 07/15/2056

3,135,711

1,500,000

Series

2024-5YR10-A3

5.30%

10/15/2057

1,529,405

3,500,000

Series

2024-5YR12-A3

5.90%

(b) 12/15/2057

3,637,050

3,880,199

Series

2024-5YR5-A3

5.70%

02/15/2029

3,980,563

608,696

Series

2024-5YR7-A1

5.82%

06/15/2057

616,492

1,351,738

Series

2024-5YR8-A1

5.19%

08/15/2057

1,365,146

1,000,000

Series

2024-5YR9-A3

5.61%

08/15/2057

1,028,631

826,167

Series

2025-5YR14-A1

4.82%

04/15/2058

827,726

19,595,846

Series

2025-5YR17-XA

1.19%

(b)(c) 11/15/2058

914,346

43,582,056

Series

2025-5YR18-XA

1.05%

(b)(c) 12/15/2058

1,897,214

19,957,000

Series

2025-5YR19-XA

1.13%

(b)(c) 12/15/2058

941,352

52,717,058

Series

2026-5YR20-XA

1.31%

(b)(c) 02/15/2059

2,931,638

3,109,000

Series

2026-5YR21-A1

4.78%

04/15/2059

3,114,934

47,490,000

Series

2026-5YR21-XA

1.00%

(b)(c) 04/15/2059

1,668,480

#### BANK5

#### Trust

#### ,
1,412,250

Series

2024-5YR6-A1

5.86%

05/15/2057

1,436,285

1,248,000

Series

2024-5YR6-A3

6.23%

05/15/2057

1,298,953

#### BBCMS

#### Mortgage

#### Trust

#### ,
33,975

Series

2017-C1-ASB

3.49%

02/15/2050

33,826

3,250,000

Series

2023-5C23-A3

6.68%

(b) 12/15/2056

3,402,389

674,189

Series

2024-5C25-A1

5.49%

03/15/2057

681,110

2,500,000

Series

2024-5C25-AS

6.36%

(b) 03/15/2057

2,594,356

1,161,282

Series

2024-C24-A1

5.23%

02/15/2057

1,167,838

1,529,273

Series

2024-C28-A1

4.91%

09/15/2057

1,536,274

1,101,622

Series

2025-5C34-A1

4.81%

05/15/2058

1,105,210

19,622,738

Series

2025-5C34-XA

1.17%

(b)(c) 05/15/2058

839,249

21,354,804

Series

2025-5C36-XA

1.07%

(b)(c) 08/15/2058

879,410

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 33

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

14,246,235

Series

2025-5C37-XA

1.66%

(a) (b)(c) 09/15/2058

900,265

31,690,000

Series

2025-5C38-XA

1.46%

(b)(c) 11/15/2058

1,874,571

2,952,729

Series

2026-5C40-A1

4.43%

02/15/2059

2,933,743

36,226,786

Series

2026-5C40-XA

1.23%

(b)(c) 02/15/2059

1,912,195

#### Benchmark

#### Mortgage

#### Trust

#### ,
500,000

Series

2018-B7-A3

4.24%

05/15/2053

495,680

1,379,000

Series

2019-B13-A3

2.70%

08/15/2057

1,298,765

449,575

Series

2019-B13-ASB

2.89%

08/15/2057

438,435

11,218,021

Series

2019-B14-XA

0.74%

(b)(c) 12/15/2062

206,524

668,274

Series

2019-B15-A2

2.91%

12/15/2072

645,966

288,497

Series

2020-B22-ASB

1.73%

01/15/2054

272,910

2,630,863

Series

2021-B24-ASB

2.26%

03/15/2054

2,501,253

1,230,802

Series

2021-B25-A3

1.91%

04/15/2054

1,134,488

2,500,000

Series

2023-B38-A2

5.63%

04/15/2056

2,528,661

774,878

Series

2023-V2-A2

5.36%

05/15/2055

782,988

167,341

Series

2024-V10-A1

4.48%

09/15/2057

166,955

3,000,000

Series

2024-V11-A3

5.91%

(b) 11/15/2057

3,118,084

157,317

Series

2024-V12-A1

5.05%

12/15/2057

158,598

215,205

Series

2024-V5-A1

5.32%

01/10/2057

217,176

3,000,000

Series

2024-V5-A3

5.81%

01/10/2057

3,085,694

1,618,567

Series

2024-V7-A1

5.63%

05/15/2056

1,640,959

668,965

Series

2024-V8-A1

5.51%

07/15/2057

677,447

1,500,000

Series

2024-V8-A3

6.19%

(b) 07/15/2057

1,560,874

2,000,000

Series

2024-V9-A3

5.60%

08/15/2057

2,053,066

300,000

Series

2025-V13-A1

5.09%

02/15/2058

302,465

300,000

Series

2025-V13-A4

5.82%

(b) 02/15/2058

311,089

1,665,171

Series

2025-V14-A1

4.84%

04/15/2057

1,676,378

876,376

Series

2025-V15-A1

4.91%

06/15/2058

879,144

15,350,000

Series

2025-V17-XA

1.51%

(b)(c) 09/15/2058

901,714

20,633,000

Series

2025-V19-XA

1.10%

(b)(c) 01/15/2058

953,812

4,000,000

Series

2026-B42-A1

4.22%

03/15/2059

3,978,446

55,598,161

Series

2026-V20-XA

1.22%

(b)(c) 02/15/2059

2,937,974

39,727,000

Series

2026-V21-XA

1.65%

(b)(c) 11/15/2030

2,515,514

#### BMARK

#### ,
434,632

Series

2023-V4-A1

6.45%

11/15/2056

441,869

#### BMO

#### Mortgage

#### Trust

#### ,
88,768

Series

2022-C1-A1

2.20%

02/15/2055

88,290

38,384

Series

2022-C3-A1

5.25%

(b) 09/15/2054

38,422

299,026

Series

2023-5C2-A1

6.80%

11/15/2056

304,822

277,510

Series

2023-C4-A1

5.29%

02/15/2056

278,080

498,528

Series

2023-C5-A2

6.52%

06/15/2056

508,486

74,606

Series

2024-5C3-A1

5.14%

02/15/2057

74,992

1,357,246

Series

2024-5C4-A1

6.02%

05/15/2057

1,382,408

372,760

Series

2024-5C5-A1

5.20%

02/15/2057

372,802

2,000,000

Series

2024-5C6-A3

5.32%

09/15/2057

2,036,761

963,822

Series

2024-5C7-A1

4.83%

11/15/2057

969,275

1,100,133

Series

2024-C9-A1

5.48%

07/15/2057

1,111,727

353,671

Series

2025-5C10-A1

4.74%

05/15/2058

354,177

17,430,332

Series

2025-5C10-XA

1.35%

(b)(c) 05/15/2058

825,678

15,840,769

Series

2025-5C12-XA

1.44%

(b)(c) 10/15/2058

914,066

39,056,995

Series

2025-5C13-XA

1.20%

(b)(c) 12/15/2058

1,905,731

925,020

Series

2025-5C9-A1

4.97%

04/15/2058

929,771

1,707,832

Series

2025-C11-A1

4.97%

02/15/2058

1,724,468

897,214

Series

2025-C12-A1

4.90%

06/15/2058

901,289

#### BX

#### Commercial

#### Mortgage

#### Trust

#### ,
409,752

Series

2019-IMC-A

(CME

Term

SOFR

Month

+

1.05%,

1.00%

Floor)

4.72%

(a) 04/15/2034

407,773

267,766

Series

2021-21M-A

(CME

Term

SOFR

Month

+

0.84%,

0.73%

Floor)

4.52%

(a) 10/15/2036

267,633

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

448,231

Series

2021-ACNT-C

(CME

Term

SOFR

Month

+

1.61%,

1.50%

Floor)

5.29%

(a) 11/15/2038

448,068

439,200

Series

2022-LP2-C

(CME

Term

SOFR

Month

+

1.56%)

5.23%

(a) 02/15/2039

439,387

1,751,847

Series

2024-AIRC-A

(CME

Term

SOFR

Month

+

1.69%)

5.36%

(a) 08/15/2041

1,755,722

319,673

Series

2024-XL4-A

(CME

Term

SOFR

Month

+

1.44%)

5.11%

(a) 02/15/2039

320,432

89,509

Series

2024-XL4-B

(CME

Term

SOFR

Month

+

1.79%)

5.46%

(a) 02/15/2039

89,702

1,500,000

Series

2026-ALOHA-C

(CME

Term

SOFR

Month

+

1.70%)

0.00%

(a) 04/15/2043

1,503,750

2,500,000

Series

2026-CSMO-B

(CME

Term

SOFR

Month

+

1.70%)

5.37%

(a) 02/15/2043

2,504,531

2,000,000

Series

2026-XL6-C

(CME

Term

SOFR

Month

+

1.60%)

5.27%

(a) 03/15/2043

1,986,338

#### BX

#### Mortgage

#### Trust

#### ,
1,500,000

Series

2021-PAC-A

(CME

Term

SOFR

Month

+

0.80%)

4.48%

(a) 10/15/2036

1,496,790

#### BX

#### Trust

#### ,
2,500,000

Series

2019-OC11-A

3.20%

(a) 12/09/2041

2,362,379

1,790,564

Series

2021-BXMF-B

(CME

Term

SOFR

Month

+

1.16%,

1.04%

Floor)

4.83%

(a) 10/15/2026

1,788,655

320,000

Series

2021-LBA-DJV

(CME

Term

SOFR

Month

+

1.96%)

5.64%

(a) 02/15/2036

319,903

1,000,000

Series

2021-LGCY-B

(CME

Term

SOFR

Month

+

0.97%,

0.86%

Floor)

4.64%

(a) 10/15/2036

999,214

1,267,994

Series

2021-RISE-B

(CME

Term

SOFR

Month

+

1.36%,

1.25%

Floor)

5.04%

(a) 11/15/2036

1,267,890

1,960,000

Series

2026-CART-C

(CME

Term

SOFR

Month

+

1.55%)

5.22%

(a) 02/15/2036

1,946,911

#### BXP

#### Trust

#### ,
1,500,000

Series

2017-GM-C

3.42%

(a)(b) 06/13/2039

1,464,708

#### Cantor

#### Commercial

#### Real

#### Estate

#### Lending

#### ,
1,255,997

Series

2019-CF1-A2

3.62%

05/15/2052

1,239,949

200,000

Series

2019-CF3-A4

3.01%

01/15/2053

187,287

#### CFCRE

#### Commercial

#### Mortgage

#### Trust

#### ,
2,123,831

Series

2016-C4-AHR

3.12%

05/10/2058

2,118,766

#### Citigroup

#### Commercial

#### Mortgage

#### Trust

#### ,
1,751,000

Series

2016-P4-A4

2.90%

07/10/2049

1,744,270

1,069,340

Series

2019-GC43-AAB

2.96%

11/10/2052

1,040,475

#### Commercial

#### Mortgage

#### Trust

#### ,
2,500,000

Series

2016-COR1-A4

3.09%

10/10/2049

2,483,390

1,606,413

Series

2016-DC2-B

4.73%

(b) 02/10/2049

1,607,892

#### CSAIL

#### Commercial

#### Mortgage

#### Trust

#### ,
1,962,263

Series

2017-CX9-A4

3.18%

09/15/2050

1,940,636

#### 34

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

19,051

Series

2020-C19-A1

1.30%

03/15/2053

17,379

1,737,266

Series

2020-C19-ASB

2.55%

03/15/2053

1,672,963

#### CSMC

#### Trust

#### ,
1,439,472

Series

2016-NXSR-A4

3.79%

(b) 12/15/2049

1,434,166

674,000

Series

2021-B33-A2

3.17%

(a) 10/10/2043

599,246

#### CSTL

#### Commercial

#### Mortgage

#### Trust

#### ,
2,500,000

Series

2026-GATE3-C

5.13%

(a)(b) 02/10/2043

2,452,348

#### DBJPM

#### Mortgage

#### Trust

#### ,
1,385,000

Series

2016-C3-A5

2.89%

08/10/2049

1,378,885

2,886,677

Series

2020-C9-A3

1.88%

08/15/2053

2,700,733

#### Del

#### Amo

#### Fashion

#### Center

#### Trust

#### ,
1,500,000

Series

2017-AMO-A

3.64%

(a)(b) 06/05/2035

1,459,562

#### DTP

#### Commercial

#### Mortgage

#### Trust

#### ,
2,000,000

Series

2023-STE2-B

5.40%

(a)(b) 01/15/2041

2,004,208

#### ELP

#### Commercial

#### Mortgage

#### Trust

#### ,
2,000,000

Series

2025-ELP-C

4.80%

(a)(b) 11/13/2042

1,987,440

#### EQUS

#### Mortgage

#### Trust

#### ,
1,510,696

Series

2021-EQAZ-B

(CME

Term

SOFR

Month

+

1.36%)

5.04%

(a) 10/15/2038

1,510,532

#### FS

#### Trust

#### ,
2,500,000

Series

2026-HULA-A

(CME

Term

SOFR

Month

+

1.45%)

5.13%

(a) 03/15/2041

2,503,177

#### GS

#### Mortgage

#### Securities

#### Trust

#### ,
123,282

Series

2013-GC13-AS

3.86%

(a)(b) 07/10/2046

122,386

3,000,000

Series

2013-GC13-B

3.86%

(a)(b) 07/10/2046

2,943,706

3,117,886

Series

2017-GS5-A3

3.41%

03/10/2050

3,099,058

Series

2018-GS10-A2

4.00%

07/10/2051

300,000

Series

2019-GC38-A3

3.70%

02/10/2052

294,221

221,646

Series

2019-GC39-A3

3.31%

05/10/2052

215,099

142,574

Series

2019-GSA1-AAB

2.99%

11/10/2052

139,323

#### Hilton

#### USA

#### Trust

#### ,
300,000

Series

2016-HHV-A

3.72%

(a) 11/05/2038

298,474

#### J.P.

#### Morgan

#### Chase

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
463,091

Series

2016-JP3-A4

2.63%

08/15/2049

460,610

1,331,457

Series

2019-UES-A

3.81%

(a) 05/05/2032

1,328,128

#### JPMBB

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
126,642

Series

2015-C27-A4

3.18%

02/15/2048

124,773

#### JPMCC

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
137,082

Series

2017-JP5-A4

3.46%

03/15/2050

136,734

1,640,000

Series

2017-JP5-A5

3.72%

03/15/2050

1,630,637

2,000,000

Series

2019-COR5-A3

3.12%

06/13/2052

1,923,138

#### JPMDB

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
500,381

Series

2018-C8-A3

3.94%

06/15/2051

494,644

#### Key

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
1,156,820

Series

2018-S1-A3

4.50%

(a) 10/15/2053

1,143,905

#### KIND

#### Commercial

#### Mortgage

#### Trust

#### ,
1,500,000

Series

2024-1-A

(CME

Term

SOFR

Month

+

1.89%)

5.56%

(a) 08/15/2041

1,501,247

#### LCCM

#### Trust

#### ,
514,483

Series

2017-LC26-A3

3.29%

(a) 07/12/2050

508,072

#### Morgan

#### Stanley

#### Bank

#### of

#### America

#### Merrill

#### Lynch

#### Trust

#### ,
1,260,443

Series

2013-C9-B

3.71%

(b) 05/15/2046

1,204,003

331,019

Series

2025-5C1-A1

4.92%

03/15/2058

332,391

3,000,000

Series

2025-5C2-A3

5.11%

11/15/2058

3,042,450

27,505,000

Series

2025-5C2-XA

1.25%

(b)(c) 11/15/2058

1,402,343

#### Morgan

#### Stanley

#### Capital

#### I

#### ,
1,608,660

Series

2017-HR2-A3

3.33%

12/15/2050

1,581,035

#### Morgan

#### Stanley

#### Capital

#### I

#### Trust

#### ,
2,838,462

Series

2019-H7-ASB

3.17%

07/15/2052

2,789,864

7,759,879

Series

2019-L2-XA

0.97%

(b)(c) 03/15/2052

184,220

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

888,799

Series

2024-NSTB-A

3.90%

(a)(b) 09/24/2057

877,599

#### MSWF

#### Commercial

#### Mortgage

#### Trust

#### ,
1,224,166

Series

2023-1-A1

5.54%

05/15/2056

1,233,300

1,753,732

Series

2023-2-A2

6.89%

12/15/2056

1,824,886

#### NJ

#### Trust

#### ,
2,000,000

Series

2025-WBRK-A

5.87%

(a)(b) 03/05/2035

2,056,992

#### NXPT

#### Commercial

#### Mortgage

#### Trust

#### ,
1,000,000

Series

2024-STOR-C

4.98%

(a)(b) 11/05/2041

989,640

#### PLYM

#### Commercial

#### Mortgage

#### Trust

#### ,
2,260,000

Series

2026-IND-C

(CME

Term

SOFR

Month

+

1.65%)

5.32%

(a) 03/15/2043

2,244,689

#### PRM

#### Trust

#### ,
1,750,000

Series

2025-PRM6-A

4.48%

(a)(b) 07/05/2033

1,737,346

#### PRM5

#### Trust

#### ,
1,750,000

Series

2025-PRM5-A

4.17%

(a)(b) 03/10/2033

1,740,057

#### SMRT

#### ,
1,100,000

Series

2022-MINI-B

(CME

Term

SOFR

Month

+

1.35%)

5.02%

(a) 01/15/2039

1,098,944

#### UBS

#### Commercial

#### Mortgage

#### Trust

#### ,
502,127

Series

2017-C7-A3

3.42%

12/15/2050

496,300

294,424

Series

2018-C13-A3

4.07%

10/15/2051

292,032

537,614

Series

2018-C15-ASB

4.20%

12/15/2051

534,391

1,600,366

Series

2018-C8-A3

3.72%

02/15/2051

1,576,707

#### Wells

#### Fargo

#### Commercial

#### Mortgage

#### Trust

#### ,
210,695

Series

2016-BNK1-A2

2.40%

08/15/2049

209,626

91,292

Series

2017-C38-A4

3.19%

07/15/2050

90,199

2,448,048

Series

2019-C50-A4

3.47%

05/15/2052

2,386,765

487,758

Series

2019-C53-A3

2.79%

10/15/2052

462,427

2,178,879

Series

2020-C57-ASB

1.91%

08/15/2053

2,085,726

926,082

Series

2024-5C1-A1

5.23%

07/15/2057

933,449

1,500,000

Series

2024-5C1-A3

5.93%

07/15/2057

1,552,253

1,807,339

Series

2024-C63-A1

4.89%

08/15/2057

1,817,440

20,639,726

Series

2025-5C4-XA

1.12%

(b)(c) 05/15/2058

839,731

4,000,000

Series

2025-5C5-A3

5.59%

07/15/2058

4,128,976

17,124,112

Series

2025-5C6-XA

1.37%

(b)(c) 10/15/2058

907,248

750,000

Series

2025-5C7-A3

5.20%

12/15/2058

762,665

16,135,512

Series

2025-5C7-XA

1.44%

(b)(c) 12/15/2058

951,674

720,745

Series

2025-C64-A1

5.02%

02/15/2058

725,309

1,000,000

Series

2025-VTT-C

5.45%

(a)(b) 03/15/2038

1,002,324

1,000,000

Series

2026-1250B-A

4.83%

(a)(b) 03/10/2041

991,229

42,062,000

Series

2026-5C8-XA

1.58%

(b)(c) 03/15/2059

2,461,994

4,000,000

Series

2026-C66-A1

4.89%

04/15/2059

4,004,916

#### WFRBS

#### Commercial

#### Mortgage

#### Trust

#### ,
56,299

Series

2013-C14-AS

3.49%

06/15/2046

55,343

1,000,000

Series

2014-C22-B

4.37%

(b) 09/15/2057

936,057

#### Total

#### Non-Agency

#### Commercial

#### Mortgage-Backed

#### Obligations

#### (Cost

#### $252,087,793)

#### 253,463,059

#### NON-AGENCY

#### RESIDENTIAL

#### COLLATERALIZED

#### MORTGAGE

#### OBLIGATIONS

#### 0.4%

#### AREIT

#### Trust

#### ,
1,482,478

Series

2022-CRE6-A

(SOFR

Day

Average

+

1.25%,

1.25%

Floor)

4.92%

(a) 01/20/2037

1,484,723

#### PFP

#### Ltd.

#### ,
87,114

Series

2024-11-A

(CME

Term

SOFR

Month

+

1.83%)

5.50%

(a) 09/17/2039

87,465

#### Total

#### Non-Agency

#### Residential

#### Collateralized

#### Mortgage

#### Obligations

#### (Cost

#### $1,555,316)

#### 1,572,188

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 35

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### U.S.

#### GOVERNMENT

#### AND

#### AGENCY

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 14.3%

#### FHLMC

#### ,
2,500,000

Pool

WN1487

4.55%

11/01/2029

2,514,638

#### FHLMC,

#### Multifamily

#### Structured

#### Pass-Through

#### Certificates

#### ,
2,987,756

Series

K094-A1

2.70%

04/25/2029

2,923,811

#### FNMA

#### ,
4,000,000

Pool

BZ0638

4.82%

04/01/2029

4,073,236

4,500,000

Pool

BZ1029

4.93%

06/01/2029

4,593,486

2,500,000

Pool

BZ2695

5.01%

12/01/2029

2,514,548

2,473,368

Pool

BZ3803

4.46%

05/01/2030

2,493,965

6,343,262

Pool

BZ3936

4.78%

05/01/2030

6,393,426

2,500,000

Pool

BZ4251

4.65%

07/01/2030

2,535,224

2,500,000

Pool

BZ4252

4.65%

07/01/2030

2,539,132

2,000,000

Pool

BZ4253

4.65%

07/01/2030

2,034,437

2,500,000

Pool

BZ4565

4.53%

08/01/2030

2,522,620

#### FNMA

#### ACES

#### ,
6,798,599

Series

2024-M5-1A1

4.45%

01/25/2034

6,825,892

#### FNMA,

#### Other

#### ,
6,149,000

Pool

BZ0220

5.00%

01/01/2029

6,271,465

2,993,441

Pool

BZ2979

4.65%

01/01/2030

3,037,469

3,000,000

Pool

BZ3424

4.63%

03/01/2030

3,021,840

2,290,000

Pool

BZ5879

3.90%

01/01/2031

2,264,545

1,400,000

Pool

BZ6435

5.07%

02/01/2031

1,442,898

#### Total

#### U.S.

#### Government

#### and

#### Agency

#### Mortgage-

#### Backed

#### Obligations

#### (Cost

#### $58,065,846)

#### 58,002,632

#### SHORT

#### TERM

#### INVESTMENTS

#### 5.7%
23,247,365

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(d) 23,247,365

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $23,247,365)

#### 23,247,365

#### Total

#### Investments

#### 102.7%

#### (Cost

#### $415,259,136)

#### 417,004,049

#### Liabilities

#### in

#### Excess

#### of

#### Other

#### Assets

#### (2.7)%

#### (11,071,769)

#### NET

#### ASSETS

#### 100.0%

#### $405,932,280
(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.

#### At

#### March

#### 31,

#### 2026,

#### the

#### value

#### of

#### these

#### securities

#### amounted

#### to

#### approximately

#### $145,875,594

#### or

#### 35.94%

#### of

#### net

#### assets.
(b) #### 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.
(c) #### Interest

#### only

#### security.
(d) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### Abbreviations:

#### FHLMC

#### Federal

#### Home

#### Loan

#### Mortgage

#### Corporation

#### FNMA

#### Federal

#### National

#### Mortgage

#### Association

#### SOFR

#### Secured

#### Overnight

#### Financing

#### Rate

#### ACES

#### Alternative

#### Credit

#### Enhancement

#### Securities

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Mortgage

#### ETF
(Unaudited)

March

31,

2026

#### 36

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

#### NON-AGENCY

#### RESIDENTIAL

#### COLLATERALIZED

#### MORTGAGE

#### OBLIGATIONS

#### 19.6%

#### Angel

#### Oak

#### Mortgage

#### Trust

#### ,
1,300,000

Series

2025-11-M1

5.62%

(a)(b) 10/25/2070

1,288,584

1,000,000

Series

2025-8-M1

6.22%

(a)(c) 07/25/2070

1,003,262

2,176,000

Series

2026-1-M1

5.53%

(a)(c) 02/25/2071

2,140,703

#### Barclays

#### Mortgage

#### Loan

#### Trust

#### ,
3,000,000

Series

2025-NQM3-M1

6.37%

(a)(c) 05/25/2065

3,023,703

#### BRAVO

#### Residential

#### Funding

#### Trust

#### ,
1,000,000

Series

2025-NQM6-B1A

6.47%

(a)(c) 06/25/2065

1,001,519

1,450,000

Series

2025-NQM7-M1

6.23%

(a)(c) 07/25/2065

1,455,618

2,300,000

Series

2026-NQM1-M1

5.65%

(a)(c) 12/25/2065

2,286,621

#### COLT

#### Mortgage

#### Loan

#### Trust

#### ,
2,675,000

Series

2026-1-M1

5.53%

(a)(c) 02/25/2071

2,622,770

#### Connecticut

#### Avenue

#### Securities

#### Trust

#### ,
265,912

Series

2023-R07-

2M1

(SOFR

Day

Average

+

1.95%)

5.61%

(a) 09/25/2043

266,369

2,000,000

Series

2024-R01-

1M2

(SOFR

Day

Average

+

1.80%,

1.80%

Floor)

5.46%

(a) 01/25/2044

2,018,033

1,500,000

Series

2024-R02-

1M2

(SOFR

Day

Average

+

1.80%,

1.80%

Floor)

5.46%

(a) 02/25/2044

1,502,511

2,871,114

Series

2024-R05-

2M2

(SOFR

Day

Average

+

1.70%,

1.90%

Floor)

5.36%

(a) 07/25/2044

2,877,549

#### Cross

#### Mortgage

#### Trust

#### ,
1,861,000

Series

2025-H4-M1

6.45%

(a)(c) 06/25/2070

1,874,796

#### Deephaven

#### Residential

#### Mortgage

#### Trust

#### ,
635,874

Series

2022-2-A1

5.30%

(a)(c) 03/25/2067

620,619

4,600,000

Series

2026-INV1-M1

5.77%

(a)(c) 12/25/2070

4,556,040

#### EFMT

#### ,
3,600,000

Series

2025-NQM2-M1B

6.91%

(a)(c) 06/25/2070

3,633,747

1,148,000

Series

2025-NQM3-M1B

6.45%

(a)(c) 08/25/2070

1,151,777

2,000,000

Series

2026-INV2-M1

5.33%

(a)(c) 02/25/2071

1,951,080

3,000,000

Series

2026-NQM1-M1

5.64%

(a)(c) 02/25/2071

2,948,738

#### FHLMC

#### STACR

#### REMICS

#### Trust

#### ,
1,000,000

Series

2022-DNA3-

M1B

(SOFR

Day

Average

+

2.90%)

6.56%

(a) 04/25/2042

1,018,393

230,834

Series

2023-HQA2-

M1A

(SOFR

Day

Average

+

2.00%)

5.66%

(a) 06/25/2043

230,935

6,000,000

Series

2024-DNA1-M2

(SOFR

Day

Average

+

1.95%)

5.61%

(a) 02/25/2044

6,057,580

2,000,000

Series

2024-HQA1-M2

(SOFR

Day

Average

+

2.00%)

5.66%

(a) 03/25/2044

2,021,969

#### GS

#### Mortgage-Backed

#### Securities

#### Trust

#### ,
8,523,000

Series

2025-NQM2-M1

6.27%

(a)(c) 06/25/2065

8,620,459

2,100,000

Series

2025-NQM3-M1

5.93%

(a)(c) 11/25/2065

2,090,273

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

3,000,000

Series

2026-NQM1-M1

5.74%

(a)(c) 03/25/2066

2,963,846

#### HOMES

#### Trust

#### ,
1,000,000

Series

2026-NQM1-M1

5.71%

(a)(c) 09/25/2070

990,837

#### J.P.

#### Morgan

#### Mortgage

#### Trust

#### ,
3,533,000

Series

2025-NQM2-M1A

6.36%

(a)(c) 09/25/2065

3,553,700

1,300,000

Series

2025-NQM3-M1B

6.42%

(a)(c) 11/25/2065

1,303,187

1,000,000

Series

2025-VIS2-M1

6.20%

(a)(c) 12/25/2055

1,004,050

5,108,000

Series

2026-NQM1-M1

5.68%

(a)(c) 06/25/2066

5,055,397

#### MFA

#### Trust

#### ,
1,635,000

Series

2025-NQM5-M1

5.89%

(a)(c) 11/25/2070

1,642,837

#### Morgan

#### Stanley

#### Residential

#### Mortgage

#### Loan

#### Trust

#### ,
3,588,000

Series

2025-NQM3-M1

6.56%

(a)(c) 05/25/2070

3,625,705

682,000

Series

2025-NQM5-M1

6.14%

(a)(c) 07/25/2070

683,903

4,100,000

Series

2025-NQM9-M1

5.91%

(a)(c) 09/25/2070

4,078,180

#### New

#### Residential

#### Mortgage

#### Loan

#### Trust

#### ,
3,156,147

Series

2024-NQM1-A1

6.13%

(a)(b) 03/25/2064

3,179,222

3,750,000

Series

2026-NQM1-M1

5.70%

(a)(c) 11/25/2065

3,700,218

#### NYMT

#### Loan

#### Trust

#### ,
3,799,000

Series

2026-INV1-M1

5.77%

(a)(c) 02/25/2061

3,753,120

#### OBX

#### Trust

#### ,
790,935

Series

2023-NQM10-A1

6.46%

(a)(b) 10/25/2063

796,606

566,507

Series

2023-NQM3-A1

5.95%

(a)(b) 02/25/2063

565,059

990,371

Series

2023-NQM5-A1A

6.57%

(a)(b) 06/25/2063

991,444

524,412

Series

2024-NQM4-A1

6.07%

(a)(b) 01/25/2064

527,563

1,074,277

Series

2024-NQM6-A1

6.45%

(a)(b) 02/25/2064

1,085,076

2,550,000

Series

2025-NQM13-M1

6.28%

(a)(c) 05/25/2065

2,561,628

5,200,000

Series

2025-NQM8-M1

6.39%

(a)(c) 03/25/2065

5,240,510

3,000,000

Series

2026-NQM2-M1

5.61%

(a)(c) 12/01/2065

2,960,664

#### PRPM

#### Trust

#### ,
4,111,000

Series

2025-NQM2-M1A

6.63%

(a)(c) 04/25/2070

4,155,824

4,000,000

Series

2025-NQM5-M1

5.90%

(a)(c) 10/25/2070

3,978,427

#### Verus

#### Securitization

#### Trust

#### ,
810,354

Series

2023-5-A1

6.48%

(a)(b) 06/25/2068

810,662

491,324

Series

2023-7-A1

7.07%

(a)(b) 10/25/2068

495,046

890,458

Series

2023-8-A1

6.26%

(a)(b) 12/25/2068

895,452

612,232

Series

2023-INV3-A1

6.88%

(a)(c) 11/25/2068

617,448

6,800,000

Series

2025-11-M1

5.66%

(a)(c) 11/25/2070

6,725,781

3,272,000

Series

2025-12-M1

5.76%

(a)(c) 12/25/2070

3,242,555

1,450,000

Series

2025-3-M1

6.65%

(a)(c) 05/25/2070

1,467,126

1,089,000

Series

2025-4-M1

6.30%

(a)(c) 05/25/2070

1,096,467

875,000

Series

2026-1-M1

5.67%

(a)(c) 01/25/2071

865,224

3,591,000

Series

2026-R1-M1

5.69%

(a)(c) 10/25/2067

3,578,180

#### Total

#### Non-Agency

#### Residential

#### Collateralized

#### Mortgage

#### Obligations

#### (Cost

#### $136,598,389)

#### 136,454,592

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 37

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### U.S.

#### GOVERNMENT

#### AND

#### AGENCY

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 93.3%

#### FHLMC

#### REMICS

#### ,
1,091,879

Series

5008-DI

3.00%

(d) 09/25/2050

152,822

6,421,060

Series

5020-IH

3.00%

(d) 08/25/2050

1,103,280

5,401,819

Series

5057-TI

3.00%

(d) 11/25/2050

860,774

13,363,164

Series

5072-MI

3.50%

(d) 01/25/2051

2,556,020

5,706,106

Series

5083-IH

2.50%

(d) 03/25/2051

877,704

3,133,975

Series

5092-FK

(SOFR

Day

Average

+

0.70%,

0.70%

Floor,

4.00%

Cap)

4.00%

03/25/2051

2,639,871

9,221,324

Series

5162-CI

3.00%

(d) 11/25/2050

1,481,240

9,273,353

Series

5163-GI

3.00%

(d) 03/25/2050

1,619,175

5,096,933

Series

5188-IA

3.00%

(d) 02/25/2052

819,514

8,059,561

Series

5377-

2.50%

(d) 12/25/2051

981,824

13,540,537

Series

5392-CI

3.50%

(d) 05/25/2051

2,594,952

10,871,742

Series

5531-

3.00%

(d) 06/25/2041

1,191,194

#### FHLMC

#### STRIPS

#### ,
6,281,912

Series

389-C19

2.50%

(d) 04/15/2052

1,118,439

11,687,745

Series

399-C28

1.50%

(d) 04/25/2052

1,099,539

#### FHLMC

#### UMBS

#### ,
5,079,823

Pool

QA6656

3.00%

02/01/2050

4,518,918

5,433,280

Pool

QC8218

2.00%

10/01/2051

4,464,261

15,979,429

Pool

QD3879

2.50%

12/01/2051

13,537,525

8,929,481

Pool

QD8212

3.00%

03/01/2052

7,933,576

11,099,888

Pool

QE0536

3.00%

04/01/2052

9,904,421

4,692,555

Pool

RA2853

2.50%

06/01/2050

3,991,131

8,792,659

Pool

RJ3490

6.00%

02/01/2055

9,099,721

2,019,625

Pool

SD2912

5.00%

05/01/2053

2,015,359

10,267,406

Pool

SD2988

3.50%

05/01/2052

9,427,004

3,606,828

Pool

SD3354

5.00%

06/01/2053

3,576,808

2,472,960

Pool

SD3489

2.00%

03/01/2052

2,021,347

4,219,157

Pool

SD4296

2.00%

02/01/2052

3,464,050

4,107,948

Pool

SD4650

5.00%

01/01/2054

4,090,156

2,201,063

Pool

SD4888

6.00%

02/01/2054

2,283,236

6,179,333

Pool

SD5525

5.50%

06/01/2054

6,318,365

2,280,544

Pool

SD5617

6.00%

06/01/2054

2,369,424

2,023,892

Pool

SD5726

3.00%

07/01/2052

1,800,043

9,900,907

Pool

SD7535

2.50%

02/01/2051

8,508,171

5,426,110

Pool

SD7550

3.00%

02/01/2052

4,865,300

3,980,377

Pool

SD7565

5.50%

09/01/2053

4,057,675

5,948,911

Pool

SD7567

5.50%

02/01/2054

6,087,126

2,537,878

Pool

SD8288

5.00%

01/01/2053

2,516,792

3,828,788

Pool

SD8329

5.00%

06/01/2053

3,796,189

2,386,043

Pool

SD8469

5.50%

10/01/2054

2,399,749

13,736,759

Pool

SD8492

5.00%

01/01/2055

13,565,167

9,048,728

Pool

SL0810

5.50%

04/01/2055

9,146,234

3,903,154

Pool

SL1460

5.50%

06/01/2055

3,945,978

13,974,448

Pool

SL1637

2.00%

12/01/2051

11,418,434

6,366,931

Pool

SL2062

5.50%

07/01/2055

6,534,235

13,744,141

Pool

SL2311

2.50%

05/01/2052

11,742,459

#### FNMA

#### REMICS

#### ,
1,117,222

Series

2017-99-PY

4.00%

12/25/2047

1,048,385

3,180,542

Series

2021-3-NI

2.50%

(d) 02/25/2051

481,051

3,124,628

Series

2021-42-IA

3.00%

(d) 02/25/2051

448,590

7,080,097

Series

2021-43-

2.50%

(d) 06/25/2051

1,093,125

11,597,943

Series

2021-56-WI

2.50%

(d) 09/25/2051

1,336,276

4,882,804

Series

2021-88-KI

3.50%

(d) 03/25/2046

779,821

5,219,426

Series

2021-94-

3.00%

(d) 01/25/2052

868,941

4,471,408

Series

2023-51-BI

3.50%

(d) 04/25/2053

857,289

5,010,154

Series

2024-9-BI

3.00%

(d) 03/25/2051

828,835

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

14,105,590

Series

2026-10-FA

(SOFR

Day

Average

+

0.95%,

6.00%

Cap)

4.61%

10/25/2054

14,008,145

#### FNMA

#### STRIPS

#### ,
9,572,599

Series

427-C16

2.50%

(d) 06/25/2040

985,209

7,384,545

Series

427-C84

3.50%

(d) 11/25/2040

997,362

6,370,213

Series

437-C8

2.50%

(d) 06/25/2052

967,733

#### FNMA

#### UMBS

#### ,
7,366,557

Pool

BQ9004

2.50%

11/01/2050

6,259,303

20,687,463

Pool

BR0386

2.00%

01/01/2051

16,726,606

7,847,128

Pool

BU6901

2.50%

04/01/2052

6,643,027

8,617,117

Pool

BV5391

3.00%

04/01/2047

7,728,667

9,967,944

Pool

BV8526

3.00%

05/01/2052

8,769,068

6,301,113

Pool

CA6032

2.50%

06/01/2050

5,410,990

4,896,089

Pool

CA7028

2.50%

09/01/2050

4,212,457

2,249,808

Pool

CB7781

5.50%

01/01/2054

2,268,688

2,788,871

Pool

CB9654

5.00%

12/01/2054

2,771,133

9,085,499

Pool

FA0950

5.50%

03/01/2055

9,283,906

9,966,051

Pool

FA1285

3.00%

06/01/2052

8,859,373

16,071,376

Pool

FA1705

2.50%

03/01/2052

13,887,326

14,164,418

Pool

FA2724

5.50%

09/01/2055

14,335,157

20,097,428

Pool

FA3421

2.00%

11/01/2051

16,368,491

8,018,346

Pool

FA4843

2.00%

03/01/2052

6,607,297

5,986,428

Pool

FM3302

3.00%

03/01/2050

5,327,248

15,574,729

Pool

FM7418

2.50%

06/01/2051

13,387,904

5,553,796

Pool

FS0717

3.00%

02/01/2052

4,929,273

3,584,009

Pool

FS2040

2.00%

02/01/2052

2,913,002

2,482,577

Pool

FS5704

2.00%

04/01/2052

2,021,953

6,138,329

Pool

FS5793

3.50%

07/01/2050

5,650,899

3,381,675

Pool

FS7114

5.50%

02/01/2054

3,470,520

5,340,954

Pool

FS7252

5.00%

11/01/2053

5,287,459

5,362,510

Pool

FS7819

2.00%

03/01/2052

4,406,992

4,560,834

Pool

FS8652

2.50%

04/01/2052

3,887,887

7,418,087

Pool

FS8660

5.50%

08/01/2054

7,613,002

8,211,782

Pool

FS9026

5.50%

09/01/2053

8,389,369

3,241,166

Pool

MA4733

4.50%

09/01/2052

3,143,627

396,316

Pool

MA5038

5.00%

06/01/2053

392,942

2,167,766

Pool

MA5039

5.50%

06/01/2053

2,186,952

7,154,158

Pool

MA5503

5.50%

10/01/2044

7,223,745

#### FNMA/FHLMC

#### UMBS,

#### 30

#### Year,

#### Single

#### Family

#### ,
42,578,000

Pool

2.00%

(e) 04/25/2056

34,305,227

15,509,000

Pool

2.50%

(e) 04/25/2056

13,042,100

6,875,000

Pool

3.00%

(e) 04/25/2056

6,039,632

11,200,000

Pool

3.50%

(e) 04/25/2056

10,269,038

61,290,000

Pool

5.00%

(e) 04/25/2056

60,454,067

#### GNMA

#### ,
13,719,945

Pool

787697

3.00%

05/20/2052

12,289,851

14,049,445

Pool

787829

2.50%

03/20/2052

12,112,742

9,174,973

Pool

787860

3.00%

05/20/2051

8,230,423

19,170,792

Series

2020-116-HI

3.00%

(d) 08/20/2050

3,236,775

6,680,317

Series

2020-126-KI

2.50%

(d) 08/20/2050

948,639

8,783,856

Series

2020-146-DI

2.50%

(d) 10/20/2050

1,239,462

14,930,503

Series

2020-151-MI

2.50%

(d) 10/20/2050

2,180,503

3,100,832

Series

2020-153-CI

2.50%

(d) 10/20/2050

439,119

5,892,380

Series

2020-160-VI

2.50%

(d) 10/20/2050

865,269

8,497,519

Series

2020-167-WI

4.00%

(d) 08/20/2046

1,188,144

2,409,999

Series

2020-17-IG

3.00%

(d) 02/20/2050

404,839

6,762,958

Series

2020-173-MI

2.50%

(d) 11/20/2050

993,846

3,536,614

Series

2020-183-JI

2.50%

(d) 11/20/2050

497,823

9,330,544

Series

2020-185-MI

2.50%

(d) 12/20/2050

1,367,063

8,832,111

Series

2020-188-BI

2.50%

(d) 12/20/2050

1,365,274

5,075,873

Series

2020-51-ID

3.50%

(d) 04/20/2050

933,145

5,592,063

Series

2021-115-MI

2.50%

(d) 05/20/2051

609,439

#### 38

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Mortgage

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

27,811,822

Series

2021-121-TI

3.00%

(d) 07/20/2051

3,475,869

25,475,641

Series

2021-136-IE

2.50%

(d) 08/20/2051

2,433,474

7,742,117

Series

2021-140-IH

2.50%

(d) 08/20/2051

1,070,639

1,836,221

Series

2021-142-

3.00%

(d) 08/20/2051

321,335

13,000,783

Series

2021-162-IP

3.00%

(d) 09/20/2051

2,022,189

3,364,814

Series

2021-206-AI

3.50%

(d) 11/20/2051

630,157

21,484,282

Series

2021-46-EI

2.50%

(d) 03/20/2051

2,640,526

5,241,796

Series

2021-57-JI

3.00%

(d) 03/20/2051

880,741

10,335,823

Series

2021-77-IW

2.50%

(d) 12/20/2050

1,374,988

7,342,207

Series

2021-78-TI

3.00%

(d) 05/20/2051

1,141,594

5,903,892

Series

2022-207-

3.00%

(d) 08/20/2051

1,033,398

3,155,888

Series

2022-61-HI

3.00%

(d) 02/20/2052

536,424

6,929,279

Series

2022-83-

2.50%

(d) 11/20/2051

985,802

4,376,895

Series

2023-24-IH

3.50%

(d) 07/20/2051

825,045

5,327,852

Series

2023-79-JI

2.50%

(d) 02/20/2051

729,844

5,152,002

Series

2024-24-BI

3.00%

(d) 12/20/2051

868,130

7,816,635

Series

2024-61-IA

2.50%

(d) 02/20/2051

1,135,787

7,384,467

Series

2024-79-CI

3.50%

(d) 02/20/2052

1,217,678

5,946,613

Series

2025-196-

QF

(SOFR

Day

Average

+

1.15%,

6.00%

Cap)

4.82%

11/20/2055

5,955,870

11,923,516

Series

2025-205-

FD

(SOFR

Day

Average

+

1.15%,

6.00%

Cap)

4.82%

11/20/2055

11,933,279

#### Total

#### U.S.

#### Government

#### and

#### Agency

#### Mortgage-

#### Backed

#### Obligations

#### (Cost

#### $647,934,834)

#### 647,785,416

#### SHORT

#### TERM

#### INVESTMENTS

#### 4.1%
28,809,420

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(f) 28,809,420

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $28,809,420)

#### 28,809,420

#### Total

#### Investments

#### 117.0%

#### (Cost

#### $813,342,644)

#### 813,049,428

#### Liabilities

#### in

#### Excess

#### of

#### Other

#### Assets

#### (17.0)%

#### (118,366,015)

#### NET

#### ASSETS

#### 100.0%

#### $694,683,413
(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.

#### At

#### March

#### 31,

#### 2026,

#### the

#### value

#### of

#### these

#### securities

#### amounted

#### to

#### approximately

#### $136,454,592

#### or

#### 19.64%

#### of

#### net

#### assets.
(b) #### 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.
(c) #### 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.
(d) #### Interest

#### only

#### security.
(e) #### Represents

#### or

#### includes

#### a

#### TBA

#### transaction.
(f) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 39

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### Abbreviations:

#### FHLMC

#### Federal

#### Home

#### Loan

#### Mortgage

#### Corporation

#### FNMA

#### Federal

#### National

#### Mortgage

#### Association

#### GNMA

#### Government

#### National

#### Mortgage

#### Association

#### SOFR

#### Secured

#### Overnight

#### Financing

#### Rate

#### UMBS

#### Uniform

#### Mortgage

#### Backed

#### Securities

#### STACR

#### Structured

#### Agency

#### Credit

#### Risk

#### STRIPS

#### Separate

#### Trading

#### of

#### Registered

#### Interest

#### and

#### Principal

#### of

#### Securities

#### REMIC

#### Real

#### Estate

#### Mortgage

#### Investment

#### Conduit

#### Futures

#### Contracts

#### Description

#### Long/Short

#### Contract

#### Quantity

#### Expiration

#### Date

#### Notional

#### Amount
(1) #### Unrealized

#### Appreciation
(Depreciation)

#### /

#### Value
U.S.

Treasury

Year

Notes

Short

(1,242)

06/30/2026

$

(257,647,078)

$

1,552,288

U.S.

Treasury

Ultra

Bonds

Short

(119) 06/18/2026

(13,870,938)

358,345

U.S.

Treasury

Year

Ultra

Bonds

Long

06/18/2026

19,297,656

(66,853)

U.S.

Treasury

Long

Bonds

Long

06/18/2026

17,992,250

(513,421)

U.S.

Treasury

Year

Notes

Long

2,200

06/30/2026

237,995,314

(2,578,742)

$(1,248,383)

(1) #### Notional

#### Amount

#### is

#### determined

#### based

#### on

#### the

#### number

#### of

#### contracts

#### multiplied

#### by

#### the

#### contract

#### size

#### and

#### the

#### quoted

#### daily

#### settlement

#### price

#### in

#### US

#### dollars.

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

(Unaudited)

March

31,

2026

#### 40

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

#### SHORT

#### TERM

#### INVESTMENTS

#### 99.6%
303,381

#### Goldman

#### Sachs

#### plc

#### -

#### USD

#### Treasury

#### Liquid

#### Reserves

#### Fund
3.53%

(a)(b) 303,381

303,381

#### JPMorgan

#### Liquidity

#### Funds

#### -

#### JPM

#### USD

#### Treasury

#### CNAV

#### Fund
3.49%

(a)(b) 303,381

1,275,400

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(a)(b) 1,275,400

2,000,000

#### U.S.

#### Treasury

#### Bills
0.00%

(b) 04/14/2026

1,997,382

2,000,000

#### U.S.

#### Treasury

#### Bills
0.00%

(b) 04/30/2026

1,994,160

1,200,000

#### U.S.

#### Treasury

#### Bills
0.00%

(b) 05/14/2026

1,194,794

20,100,000

#### U.S.

#### Treasury

#### Bills
0.00%

(b) 06/11/2026

19,957,615

1,600,000

#### U.S.

#### Treasury

#### Bills
0.00%

(b)(c) 06/23/2026

1,586,829

6,000,000

#### U.S.

#### Treasury

#### Bills
0.00%

(b) 07/21/2026

5,933,492

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $34,545,417)

#### 34,546,434

#### Total

#### Investments

#### 99.6%

#### (Cost

#### $34,545,417)

#### 34,546,434

#### Other

#### Assets

#### in

#### Excess

#### of

#### Liabilities

#### 0.4%

#### 130,579

#### NET

#### ASSETS

#### 100.0%

#### $34,677,013
(a) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.
(b) #### All

#### or

#### a

#### portion

#### of

#### this

#### security

#### is

#### owned

#### by

#### DoubleLine

#### Commodity

#### ETF

#### Ltd.,

#### which

#### is

#### a

#### wholly-owned

#### subsidiary

#### of

#### the

#### DoubleLine

#### Commodity

#### Strategy

#### ETF.
(c) #### All

#### or

#### a

#### portion

#### of

#### this

#### security

#### was

#### pledged

#### as

#### collateral.

#### The

#### total

#### value

#### of

#### pledged

#### collateral

#### was

#### $282,649,

#### which

#### represented

#### 0.82%

#### of

#### the

#### net

#### assets

#### of

#### the

#### fund.

#### Excess

#### Return

#### Swaps

#### Reference

#### Entity

#### Counterparty

#### Long/Short

#### Financing

#### Rate

#### Payment

#### Frequency

#### Termination

#### Date

#### Notional

#### Amount

#### Value

#### Upfront

#### Premiums

#### Paid/
(Received)

#### Unrealized

#### Appreciation
(Depreciation)

Barclays

Backwardation

Tilt

Multi-Strategy

Index

(1)(2)

Barclays

Bank

Plc

Long

0.25%

At

Maturity

04/15/2026

$

500,000

$

3,421

$

—

$

3,421

Barclays

Backwardation

Tilt

Multi-Strategy

Index

(1)(2)

Barclays

Bank

Plc

Long

0.25%

At

Maturity

04/15/2026

34,000,000

134,030

—

134,030

$137,451

$—

$137,451

(1) #### All

#### or

#### a

#### portion

#### of

#### this

#### security

#### is

#### owned

#### by

#### DoubleLine

#### Commodity

#### ETF

#### Ltd.,

#### which

#### is

#### a

#### wholly-owned

#### subsidiary

#### of

#### the

#### DoubleLine

#### Commodity

#### Strategy

#### ETF.
(2) #### Barclays

#### Backwardation

#### Tilt

#### Multi-Strategy

#### Index

#### (the

#### "Barclays

#### Index")

#### seeks

#### to

#### capture

#### two

#### sources

#### of

#### potential

#### outperformance

#### in

#### commodity

#### futures

#### markets.

#### The

#### first

#### source

#### of

#### potential

#### outperformance

#### comes

#### through

#### selecting,

#### for

#### each

#### relevant

#### commodity,

#### the

#### eligible

#### futures

#### contract

#### that

#### is

#### expected

#### to

#### offer

#### the

#### best

#### outperformance

#### relative

#### to

#### the

#### front-month

#### contract

#### rolling

#### exposure

#### used

#### by

#### the

#### Bloomberg

#### Commodity

#### Index.

#### This

#### is

#### achieved

#### through

#### the

#### use

#### of

#### certain

#### futures

#### contract

#### selection

#### methodologies

#### referred

#### to

#### together

#### as

#### "Multi-Strategy."

#### These

#### Multi-Strategy

#### methodologies

#### select

#### a

#### futures

#### contract

#### for

#### each

#### commodity

#### that

#### may

#### differ

#### from

#### the

#### futures

#### contract

#### selected

#### by

#### the

#### Bloomberg

#### Commodity

#### Index,

#### based

#### on

#### the

#### factors

#### described

#### above

#### including

#### carry,

#### seasonality

#### and

#### momentum.

#### The

#### second

#### source

#### of

#### potential

#### outperformance

#### comes

#### through

#### overweighting

#### (relative

#### to

#### the

#### weightings

#### in

#### the

#### Bloomberg

#### Commodity

#### Index)

#### the

#### exposure

#### of

#### the

#### Barclays

#### Index

#### to

#### the

#### futures

#### contracts

#### of

#### commodities

#### that

#### exhibit

#### the

#### highest

#### degree

#### of

#### backwardation

#### in

#### the

#### term

#### structures

#### of

#### their

#### futures

#### contracts,

#### while

#### simultaneously

#### underweighting

#### the

#### exposure

#### to

#### the

#### futures

#### contracts

#### of

#### commodities

#### that

#### exhibit

#### a

#### lower

#### degree

#### of

#### backwardation.

#### Historically,

#### the

#### commodities

#### with

#### a

#### higher

#### degree

#### of

#### backwardation

#### have

#### generally

#### had

#### better

#### historical

#### average

#### performance

#### than

#### the

#### commodities

#### with

#### a

#### lower

#### degree

#### of

#### backwardation.

#### Information

#### on

#### the

#### index

#### constituents

#### as

#### of

#### period

#### end,

#### is

#### available

#### on

#### the

#### Barclays

#### Capital,

#### Inc.

#### website

#### at

#### https://indices.cib.barclays/IM/12/en/indices/details.app;ticker=BXCS1496.

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF
(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 41

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
SHARES

SECURITY

DESCRIPTION

VALUE

$

#### COMMON

#### STOCKS

#### 99.7%

#### AEROSPACE

#### &

#### DEFENSE

#### 2.3%

#### Boeing

#### Co.
(The)

(a) 54,733

#### GE

#### Aerospace
52,497

#### General

#### Dynamics

#### Corp.
62,466

#### Howmet

#### Aerospace,

#### Inc.
56,693

#### Huntington

#### Ingalls

#### Industries,

#### Inc.
54,326

#### L3Harris

#### Technologies,

#### Inc.
62,127

#### Lockheed

#### Martin

#### Corp.
58,021

#### Northrop

#### Grumman

#### Corp.
59,355

#### RTX

#### Corp.
62,114

646

#### Textron,

#### Inc.
56,564

#### TransDigm

#### Group,

#### Inc.
57,948

636,844

#### AIR

#### FREIGHT

#### &

#### LOGISTICS

#### 1.1%

#### CH

#### Robinson

#### Worldwide,

#### Inc.
59,785

#### Expeditors

#### International

#### of

#### Washington,

#### Inc.
66,315

#### FedEx

#### Corp.
59,126

1,014

#### GXO

#### Logistics,

#### Inc.
(a) 52,576

555

#### United

#### Parcel

#### Service,

#### Inc.

#### -

#### Class

#### B
54,601

292,403

#### AUTOMOBILE

#### COMPONENTS

#### 1.0%
518

#### Autoliv,

#### Inc.
(Sweden)

54,473

1,091

#### BorgWarner,

#### Inc.
59,198

1,805

#### Dana,

#### Inc.
60,738

7,313

#### Goodyear

#### Tire

#### &

#### Rubber

#### Co.
(The)

(a) 48,485

#### Lear

#### Corp.
57,876

280,770

#### AUTOMOBILES

#### 0.8%
4,499

#### Ford

#### Motor

#### Co.
51,918

785

#### General

#### Motors

#### Co.
58,483

#### Tesla,

#### Inc.
(a) 57,993

590

#### Thor

#### Industries,

#### Inc.
47,135

215,529

#### BANKS

#### 3.1%
1,272

#### Bank

#### of

#### America

#### Corp.
62,010

587

#### Citigroup,

#### Inc.
66,572

1,035

#### Citizens

#### Financial

#### Group,

#### Inc.
62,069

1,274

#### Fifth

#### Third

#### Bancorp
59,190

#### First

#### Citizens

#### BancShares,

#### Inc.

#### -

#### Class

#### A
60,309

3,763

#### Huntington

#### Bancshares,

#### Inc.
58,891

#### JPMorgan

#### Chase

#### &

#### Co.
63,244

3,053

#### KeyCorp
61,213

#### M&T

#### Bank

#### Corp.
60,569

#### PNC

#### Financial

#### Services

#### Group,

#### Inc.
(The)

61,178

2,250

#### Regions

#### Financial

#### Corp.
58,770

1,292

#### Truist

#### Financial

#### Corp.
59,393

1,161

#### US

#### Bancorp
60,384

759

#### Wells

#### Fargo

#### &

#### Co.
60,424

854,216

#### BEVERAGES

#### 1.3%
793

#### Coca-Cola

#### Co.
(The)

60,309

#### Constellation

#### Brands,

#### Inc.

#### -

#### Class

#### A
60,000

2,059

#### Keurig

#### Dr

#### Pepper,

#### Inc.
54,213

1,285

#### Molson

#### Coors

#### Beverage

#### Co.

#### -

#### Class

#### B
55,332

751

#### Monster

#### Beverage

#### Corp.
(a) 54,417

#### PepsiCo,

#### Inc.
58,855

343,126

#### BIOTECHNOLOGY

#### 1.3%

#### AbbVie,

#### Inc.
60,897

#### Amgen,

#### Inc.
59,111

SHARES

SECURITY

DESCRIPTION

VALUE

$

#### Biogen,

#### Inc.
(a) 59,949

#### Gilead

#### Sciences,

#### Inc.
60,347

#### Regeneron

#### Pharmaceuticals,

#### Inc.
64,129

#### Vertex

#### Pharmaceuticals,

#### Inc.
(a) 58,497

362,930

#### BROADLINE

#### RETAIL

#### 1.1%

#### Amazon.com,

#### Inc.
(a) 63,939

3,458

#### Coupang,

#### Inc.

#### (South

#### Korea)
(a) 65,287

751

#### eBay,

#### Inc.
68,356

3,624

#### Kohl's

#### Corp.
46,750

3,080

#### Macy's,

#### Inc.
55,717

300,049

#### BUILDING

#### PRODUCTS

#### 0.8%
585

#### Builders

#### FirstSource,

#### Inc.
(a) 48,163

1,005

#### Carrier

#### Global

#### Corp.
56,591

865

#### Masco

#### Corp.
52,220

#### Owens

#### Corning
53,894

210,868

#### CAPITAL

#### MARKETS

#### 3.6%

#### Ameriprise

#### Financial,

#### Inc.
61,327

549

#### Bank

#### of

#### New

#### York

#### Mellon

#### Corp.
(The)

65,129

#### Blackrock,

#### Inc.
56,741

687

#### Charles

#### Schwab

#### Corp.
(The)

64,564

2,361

#### Franklin

#### Resources,

#### Inc.
55,767

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

60,065

891

#### Interactive

#### Brokers

#### Group,

#### Inc.

#### -

#### Class

#### A
59,759

#### Intercontinental

#### Exchange,

#### Inc.
64,799

1,273

#### Jefferies

#### Financial

#### Group,

#### Inc.
52,537

#### LPL

#### Financial

#### Holdings,

#### Inc.
62,573

#### Morgan

#### Stanley
62,701

#### Northern

#### Trust

#### Corp.
63,225

#### Raymond

#### James

#### Financial,

#### Inc.
59,943

#### S&P

#### Global,

#### Inc.
65,077

504

#### State

#### Street

#### Corp.
63,786

754

#### StoneX

#### Group,

#### Inc.
(a) 60,810

978,803

#### CHEMICALS

#### 2.8%

#### Air

#### Products

#### and

#### Chemicals,

#### Inc.
66,232

1,200

#### Celanese

#### Corp.

#### -

#### Class

#### A
78,924

824

#### Corteva,

#### Inc.
68,977

2,066

#### Dow,

#### Inc.
86,049

1,256

#### DuPont

#### de

#### Nemours,

#### Inc.
57,525

832

#### Eastman

#### Chemical

#### Co.
63,498

#### Ecolab,

#### Inc.
55,332

779

#### International

#### Flavors

#### &

#### Fragrances,

#### Inc.
56,516

2,239

#### Mosaic

#### Co.
(The)

57,095

509

#### PPG

#### Industries,

#### Inc.
54,402

#### Sherwin-Williams

#### Co.
(The)

56,417

616

#### Westlake

#### Corp.
71,961

772,928

#### COMMERCIAL

#### SERVICES

#### &

#### SUPPLIES

#### 0.9%
1,445

#### ABM

#### Industries,

#### Inc.
55,661

#### Cintas

#### Corp.
54,632

#### Republic

#### Services,

#### Inc.

#### -

#### Class

#### A
63,516

#### Waste

#### Management,

#### Inc.
63,882

237,691

#### COMMUNICATIONS

#### EQUIPMENT

#### 0.4%
818

#### Cisco

#### Systems,

#### Inc.
63,469

#### Motorola

#### Solutions,

#### Inc.
59,020

122,489

#### 42

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

SHARES

SECURITY

DESCRIPTION

VALUE

$

#### CONSTRUCTION

#### &

#### ENGINEERING

#### 1.1%
673

#### AECOM
57,084

#### EMCOR

#### Group,

#### Inc.
59,065

1,212

#### Fluor

#### Corp.
(a) 56,540

#### MasTec,

#### Inc.
(a) 71,426

#### Quanta

#### Services,

#### Inc.
62,039

306,154

#### CONSTRUCTION

#### MATERIALS

#### 0.2%

#### Vulcan

#### Materials

#### Co.
55,549

#### CONSUMER

#### FINANCE

#### 0.9%
1,572

#### Ally

#### Financial,

#### Inc.
61,670

#### American

#### Express

#### Co.
60,496

#### Capital

#### One

#### Financial

#### Corp.
59,290

908

#### Synchrony

#### Financial
61,761

243,217

#### CONSUMER

#### STAPLES

#### DISTRIBUTION

#### &

#### RETAIL

#### 3.4%
3,432

#### Albertsons

#### Cos.,

#### Inc.

#### -

#### Class

#### A
58,481

995

#### Andersons,

#### Inc.
(The)

71,421

647

#### BJ's

#### Wholesale

#### Club

#### Holdings,

#### Inc.
(a) 63,678

#### Casey's

#### General

#### Stores,

#### Inc.
68,419

#### Costco

#### Wholesale

#### Corp.
64,768

#### Dollar

#### General

#### Corp.
49,748

#### Dollar

#### Tree,

#### Inc.
(a) 53,441

924

#### Kroger

#### Co.
(The)

66,861

662

#### Performance

#### Food

#### Group

#### Co.
(a) 56,707

879

#### Sprouts

#### Farmers

#### Market,

#### Inc.
(a) 67,797

713

#### Sysco

#### Corp.
50,858

557

#### Target

#### Corp.
67,508

1,664

#### United

#### Natural

#### Foods,

#### Inc.
(a) 74,979

666

#### US

#### Foods

#### Holding

#### Corp.
(a) 61,412

3,094

#### Walgreens

#### Boots

#### Alliance,

#### Inc.,

#### CVR

#### (a)(b)
1,640

506

#### Walmart,

#### Inc.
62,886

940,604

#### CONTAINERS

#### &

#### PACKAGING

#### 1.2%

#### Avery

#### Dennison

#### Corp.
55,948

963

#### Ball

#### Corp.
56,923

551

#### Crown

#### Holdings,

#### Inc.
55,238

5,235

#### Graphic

#### Packaging

#### Holding

#### Co.
52,036

1,447

#### International

#### Paper

#### Co.
51,658

#### Packaging

#### Corp.

#### of

#### America
59,421

331,224

#### DISTRIBUTORS

#### 0.6%
540

#### Genuine

#### Parts

#### Co.
57,106

1,118

#### Gold.com,

#### Inc.
44,809

1,920

#### LKQ

#### Corp.
56,390

158,305

#### DIVERSIFIED

#### TELECOMMUNICATION

#### SERVICES

#### 0.9%
2,257

#### AT&T,

#### Inc.
65,430

2,022

#### Comcast

#### Corp.

#### -

#### Class

#### A
58,052

8,516

#### Lumen

#### Technologies,

#### Inc.
(a) 59,186

1,288

#### Verizon

#### Communications,

#### Inc.
64,658

247,326

#### ELECTRIC

#### UTILITIES

#### 3.2%

#### American

#### Electric

#### Power

#### Co.,

#### Inc.
63,574

#### Constellation

#### Energy

#### Corp.
57,526

#### Duke

#### Energy

#### Corp.
65,339

853

#### Edison

#### International
62,423

606

#### Entergy

#### Corp.
68,089

854

#### Eversource

#### Energy
59,165

1,320

#### Exelon

#### Corp.
64,706

SHARES

SECURITY

DESCRIPTION

VALUE

$

1,265

#### FirstEnergy

#### Corp.
64,085

669

#### NextEra

#### Energy,

#### Inc.
62,137

#### NRG

#### Energy,

#### Inc.
51,149

3,430

#### PG&E

#### Corp.
60,265

1,686

#### PPL

#### Corp.
64,405

668

#### Southern

#### Co.
(The)

64,475

765

#### Xcel

#### Energy,

#### Inc.
60,772

868,110

#### ELECTRICAL

#### EQUIPMENT

#### 0.9%

#### Emerson

#### Electric

#### Co.
55,684

#### GE

#### Vernova,

#### Inc.
63,722

#### Rockwell

#### Automation,

#### Inc.
56,703

#### Vertiv

#### Holdings

#### Co.

#### -

#### Class

#### A
63,897

240,006

#### ELECTRONIC

#### EQUIPMENT,

#### INSTRUMENTS

#### &

#### COMPONENTS

#### 2.2%

#### Amphenol

#### Corp.

#### -

#### Class

#### A
53,572

#### Arrow

#### Electronics,

#### Inc.
(a) 58,511

957

#### Avnet,

#### Inc.
58,970

510

#### CDW

#### Corp.
61,720

#### Corning,

#### Inc.
57,515

3,140

#### Ingram

#### Micro

#### Holding

#### Corp.
73,194

772

#### Insight

#### Enterprises,

#### Inc.
(a) 51,732

#### Jabil,

#### Inc.
63,751

#### Sanmina

#### Corp.
(a) 52,115

#### TD

#### SYNNEX

#### Corp.
68,497

599,577

#### ENERGY

#### EQUIPMENT

#### &

#### SERVICES

#### 0.7%
990

#### Baker

#### Hughes

#### Co.

#### -

#### Class

#### A
60,440

1,797

#### Halliburton

#### Co.
70,064

3,095

#### NOV,

#### Inc.
58,217

188,721

#### ENTERTAINMENT

#### 1.2%

#### Electronic

#### Arts,

#### Inc.
65,035

#### Live

#### Nation

#### Entertainment,

#### Inc.
(a) 61,614

829

#### Netflix,

#### Inc.
(a) 79,708

605

#### Walt

#### Disney

#### Co.
(The)

58,310

2,198

#### Warner

#### Bros

#### Discovery,

#### Inc.
(a) 60,357

325,024

#### FINANCIAL

#### SERVICES

#### 2.5%

#### Berkshire

#### Hathaway,

#### Inc.

#### -

#### Class

#### B
(a) 61,817

1,259

#### Block,

#### Inc.

#### -

#### Class

#### A
(a) 75,767

2,334

#### Corebridge

#### Financial,

#### Inc.
55,689

1,566

#### Equitable

#### Holdings,

#### Inc.
58,114

1,335

#### Fidelity

#### National

#### Information

#### Services,

#### Inc.
62,625

1,089

#### Fiserv,

#### Inc.
(a) 60,766

814

#### Global

#### Payments,

#### Inc.
54,782

#### Mastercard,

#### Inc.

#### -

#### Class

#### A
64,456

1,447

#### PayPal

#### Holdings,

#### Inc.
65,448

#### Visa,

#### Inc.

#### -

#### Class

#### A
63,168

921

#### Voya

#### Financial,

#### Inc.
62,923

685,555

#### FOOD

#### PRODUCTS

#### 2.8%
939

#### Archer-Daniels-Midland

#### Co.
68,256

2,360

#### Campbell's

#### Co.
(The)

52,557

3,360

#### Conagra

#### Brands,

#### Inc.
52,819

1,413

#### General

#### Mills,

#### Inc.
52,592

#### Hershey

#### Co.
(The)

58,001

2,487

#### Hormel

#### Foods

#### Corp.
56,331

543

#### Ingredion,

#### Inc.
61,174

585

#### J

#### M

#### Smucker

#### Co.
(The)

56,417

2,587

#### Kraft

#### Heinz

#### Co.
(The)

58,182

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 43

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
SHARES

SECURITY

DESCRIPTION

VALUE

$

1,048

#### Mondelez

#### International,

#### Inc.

#### -

#### Class

#### A
60,407

607

#### Post

#### Holdings,

#### Inc.
(a) 60,008

#### Seaboard

#### Corp.
73,502

1,010

#### Tyson

#### Foods,

#### Inc.

#### -

#### Class

#### A
64,711

774,957

#### GROUND

#### TRANSPORTATION

#### 2.2%
695

#### Avis

#### Budget

#### Group,

#### Inc.
(a) 101,366

1,508

#### CSX

#### Corp.
61,903

14,446

#### Hertz

#### Global

#### Holdings,

#### Inc.
(a) 66,596

#### JB

#### Hunt

#### Transport

#### Services,

#### Inc.
61,239

#### Norfolk

#### Southern

#### Corp.
58,548

#### Ryder

#### System,

#### Inc.
58,547

901

#### Uber

#### Technologies,

#### Inc.
(a) 64,809

#### Union

#### Pacific

#### Corp.
58,471

#### XPO,

#### Inc.
(a) 61,089

592,568

#### HEALTH

#### CARE

#### EQUIPMENT

#### &

#### SUPPLIES

#### 1.8%
559

#### Abbott

#### Laboratories
57,393

3,082

#### Baxter

#### International,

#### Inc.
51,778

#### Becton

#### Dickinson

#### &

#### Co.
55,031

849

#### Boston

#### Scientific

#### Corp.
(a) 53,275

760

#### GE

#### HealthCare

#### Technologies,

#### Inc.
54,097

#### Intuitive

#### Surgical,

#### Inc.
(a) 59,467

870

#### Solventum

#### Corp.
(a) 56,811

#### Stryker

#### Corp.
55,203

640

#### Zimmer

#### Biomet

#### Holdings,

#### Inc.
57,868

500,923

#### HEALTH

#### CARE

#### PROVIDERS

#### &

#### SERVICES

#### 4.3%
24,287

#### Accendra

#### Health,

#### Inc.
(a) 55,374

1,590

#### BrightSpring

#### Health

#### Services,

#### Inc.
(a) 67,749

#### Cardinal

#### Health,

#### Inc.
60,223

#### Cencora,

#### Inc.
55,289

1,530

#### Centene

#### Corp.
(a) 50,092

#### Cigna

#### Group
(The)

60,552

18,550

#### Community

#### Health

#### Systems,

#### Inc.
(a) 54,537

867

#### CVS

#### Health

#### Corp.
62,268

#### DaVita,

#### Inc.
(a) 65,318

#### Elevance

#### Health,

#### Inc.
57,379

#### HCA

#### Healthcare,

#### Inc.
57,735

765

#### Henry

#### Schein,

#### Inc.
(a) 56,381

#### Humana,

#### Inc.
63,808

#### Labcorp

#### Holdings,

#### Inc.
59,499

#### McKesson

#### Corp.
57,979

#### Molina

#### Healthcare,

#### Inc.
(a) 57,986

#### Quest

#### Diagnostics,

#### Inc.
60,166

#### Tenet

#### Healthcare

#### Corp.
(a) 51,140

#### UnitedHealth

#### Group,

#### Inc.
63,589

#### Universal

#### Health

#### Services,

#### Inc.

#### -

#### Class

#### B
49,575

1,166,639

#### HEALTH

#### CARE

#### REITS

#### 0.2%

#### Welltower,

#### Inc.
60,302

#### HOTELS,

#### RESTAURANTS

#### &

#### LEISURE

#### 3.7%
508

#### Airbnb,

#### Inc.

#### -

#### Class

#### A
(a) 64,150

1,565

#### Aramark
63,445

#### Booking

#### Holdings,

#### Inc.
67,365

3,147

#### Caesars

#### Entertainment,

#### Inc.
(a) 83,176

1,768

#### Chipotle

#### Mexican

#### Grill,

#### Inc.

#### -

#### Class

#### A
(a) 56,594

#### Darden

#### Restaurants,

#### Inc.
58,616

#### DoorDash,

#### Inc.

#### -

#### Class

#### A
(a) 58,408

#### Expedia

#### Group,

#### Inc.
74,808

#### Hilton

#### Worldwide

#### Holdings,

#### Inc.
62,336

SHARES

SECURITY

DESCRIPTION

VALUE

$

1,153

#### Las

#### Vegas

#### Sands

#### Corp.
62,124

#### Marriott

#### International,

#### Inc.

#### -

#### Class

#### A
60,835

#### McDonald's

#### Corp.
59,672

1,818

#### MGM

#### Resorts

#### International
(a) 67,284

663

#### Starbucks

#### Corp.
59,398

1,145

#### Yum

#### China

#### Holdings,

#### Inc.
(China)

55,853

#### Yum!

#### Brands,

#### Inc.
60,171

1,014,235

#### HOUSEHOLD

#### DURABLES

#### 1.7%

#### DR

#### Horton,

#### Inc.
53,379

549

#### Lennar

#### Corp.

#### -

#### Class

#### A
47,675

508

#### Mohawk

#### Industries,

#### Inc.
(a) 50,018

13,958

#### Newell

#### Brands,

#### Inc.
47,876

#### NVR,

#### Inc.
(a) 59,308

#### PulteGroup,

#### Inc.
53,277

955

#### Taylor

#### Morrison

#### Home

#### Corp.

#### -

#### Class

#### A
(a) 55,619

#### Toll

#### Brothers,

#### Inc.
54,724

893

#### Whirlpool

#### Corp.
48,151

470,027

#### HOUSEHOLD

#### PRODUCTS

#### 0.6%
655

#### Colgate-Palmolive

#### Co.
55,826

576

#### Kimberly-Clark

#### Corp.
55,567

#### Procter

#### &

#### Gamble

#### Co.
(The)

55,898

167,291

#### INDEPENDENT

#### POWER

#### AND

#### RENEWABLE

#### ELECTRICITY

#### PRODUCERS

#### 0.4%
3,909

#### AES

#### Corp.
(The)

55,078

#### Vistra

#### Corp.
56,524

111,602

#### INDUSTRIAL

#### CONGLOMERATES

#### 0.4%

#### 3M

#### Co.
55,768

#### Honeywell

#### International,

#### Inc.
59,220

114,988

#### INDUSTRIAL

#### REITS

#### 0.2%

#### Prologis,

#### Inc.
60,274

#### INSURANCE

#### 5.2%
570

#### Aflac,

#### Inc.
62,535

#### Allstate

#### Corp.
(The)

63,239

#### American

#### Financial

#### Group,

#### Inc.
62,578

801

#### American

#### International

#### Group,

#### Inc.
60,275

#### Arthur

#### J

#### Gallagher

#### &

#### Co.
64,324

#### Assurant,

#### Inc.
62,294

#### Cincinnati

#### Financial

#### Corp.
62,940

1,235

#### Fidelity

#### National

#### Financial,

#### Inc.
57,279

#### Hartford

#### Insurance

#### Group,

#### Inc.
(The)

61,259

1,804

#### Lincoln

#### National

#### Corp.
64,042

587

#### Loews

#### Corp.
62,656

#### Markel

#### Group,

#### Inc.
(a) 59,336

#### Marsh

#### &

#### McLennan

#### Cos.,

#### Inc.
62,615

848

#### MetLife,

#### Inc.
59,971

1,524

#### Old

#### Republic

#### International

#### Corp.
60,808

5,265

#### Oscar

#### Health,

#### Inc.

#### -

#### Class

#### A
(a) 60,390

675

#### Principal

#### Financial

#### Group,

#### Inc.
60,824

#### Progressive

#### Corp.
(The)

61,653

638

#### Prudential

#### Financial,

#### Inc.
62,326

#### Reinsurance

#### Group

#### of

#### America,

#### Inc.
59,819

#### Travelers

#### Cos.,

#### Inc.
(The)

61,253

897

#### Unum

#### Group
65,507

895

#### W

#### R

#### Berkley

#### Corp.
59,321

1,417,244

#### 44

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

SHARES

SECURITY

DESCRIPTION

VALUE

$

#### INTERACTIVE

#### MEDIA

#### &

#### SERVICES

#### 0.4%

#### Alphabet,

#### Inc.

#### -

#### Class

#### A
59,237

#### Meta

#### Platforms,

#### Inc.

#### -

#### Class

#### A
57,213

116,450

#### IT

#### SERVICES

#### 1.0%
1,046

#### Cognizant

#### Technology

#### Solutions

#### Corp.

#### -

#### Class

#### A
64,172

5,395

#### DXC

#### Technology

#### Co.
(a) 67,815

#### International

#### Business

#### Machines

#### Corp.
67,627

5,484

#### Kyndryl

#### Holdings,

#### Inc.
(a) 71,950

271,564

#### LIFE

#### SCIENCES

#### TOOLS

#### &

#### SERVICES

#### 0.7%

#### Danaher

#### Corp.
57,828

#### IQVIA

#### Holdings,

#### Inc.
(a) 66,169

#### Thermo

#### Fisher

#### Scientific,

#### Inc.
60,950

184,947

#### MACHINERY

#### 2.7%

#### AGCO

#### Corp.
54,459

#### Caterpillar,

#### Inc.
58,802

#### Cummins,

#### Inc.
57,568

#### Deere

#### &

#### Co.
55,767

#### Dover

#### Corp.
57,532

#### Illinois

#### Tool

#### Works,

#### Inc.
56,743

#### Oshkosh

#### Corp.
52,848

711

#### Otis

#### Worldwide

#### Corp.
54,804

506

#### PACCAR,

#### Inc.
58,443

#### Parker-Hannifin

#### Corp.
55,505

715

#### Stanley

#### Black

#### &

#### Decker,

#### Inc.
50,808

#### Westinghouse

#### Air

#### Brake

#### Technologies

#### Corp.
60,479

500

#### Xylem,

#### Inc.
59,750

733,508

#### MEDIA

#### 1.9%

#### Charter

#### Communications,

#### Inc.

#### -

#### Class

#### A
(a) 59,583

601

#### EchoStar

#### Corp.

#### -

#### Class

#### A
(a) 70,359

1,147

#### Fox

#### Corp.

#### -

#### Class

#### A
66,985

2,769

#### News

#### Corp.

#### -

#### Class

#### A
69,031

775

#### Omnicom

#### Group,

#### Inc.
58,365

42,807

#### Optimum

#### Communications,

#### Inc.

#### -

#### Class

#### A
(a) 55,649

6,162

#### Paramount

#### Skydance

#### Corp.

#### -

#### Class

#### B
55,581

3,066

#### Sirius

#### XM

#### Holdings,

#### Inc.
70,764

506,317

#### METALS

#### &

#### MINING

#### 1.7%
1,038

#### Alcoa

#### Corp.
68,851

6,011

#### Cleveland-Cliffs,

#### Inc.
(a) 50,793

859

#### Commercial

#### Metals

#### Co.
52,768

942

#### Freeport-McMoRan,

#### Inc.
55,371

515

#### Newmont

#### Corp.
55,749

#### Nucor

#### Corp.
61,552

#### Reliance,

#### Inc.
61,392

#### Steel

#### Dynamics,

#### Inc.
60,120

466,596

#### MULTI-UTILITIES

#### 1.9%
1,497

#### CenterPoint

#### Energy,

#### Inc.
64,611

835

#### CMS

#### Energy

#### Corp.
64,779

576

#### Consolidated

#### Edison,

#### Inc.
65,191

1,002

#### Dominion

#### Energy,

#### Inc.
61,944

#### DTE

#### Energy

#### Co.
64,191

743

#### Public

#### Service

#### Enterprise

#### Group,

#### Inc.
60,146

681

#### Sempra
66,172

552

#### WEC

#### Energy

#### Group,

#### Inc.
63,905

510,939

SHARES

SECURITY

DESCRIPTION

VALUE

$

#### OIL,

#### GAS

#### &

#### CONSUMABLE

#### FUELS

#### 6.0%
2,236

#### APA

#### Corp.
94,896

#### Chevron

#### Corp.
71,381

578

#### ConocoPhillips
76,296

1,890

#### Delek

#### US

#### Holdings,

#### Inc.
85,182

1,475

#### Devon

#### Energy

#### Corp.
74,222

#### Diamondback

#### Energy,

#### Inc.
72,787

516

#### EOG

#### Resources,

#### Inc.
74,598

#### Exxon

#### Mobil

#### Corp.
72,614

1,297

#### HF

#### Sinclair

#### Corp.
80,920

1,966

#### Kinder

#### Morgan,

#### Inc.
65,920

#### Marathon

#### Petroleum

#### Corp.
80,579

1,228

#### Occidental

#### Petroleum

#### Corp.
79,820

775

#### ONEOK,

#### Inc.
70,052

1,274

#### Ovintiv,

#### Inc.
75,625

1,563

#### Par

#### Pacific

#### Holdings,

#### Inc.
(a) 97,907

1,847

#### PBF

#### Energy,

#### Inc.

#### -

#### Class

#### A
87,954

#### Phillips

#### 66
75,605

#### Targa

#### Resources

#### Corp.
69,703

#### Valero

#### Energy

#### Corp.
79,560

874

#### Williams

#### Cos.,

#### Inc.
(The)

63,610

2,545

#### World

#### Kinect

#### Corp.
58,713

1,607,944

#### PASSENGER

#### AIRLINES

#### 1.1%
1,214

#### Alaska

#### Air

#### Group,

#### Inc.
(a) 44,651

4,876

#### American

#### Airlines

#### Group,

#### Inc.
(a) 52,368

925

#### Delta

#### Air

#### Lines,

#### Inc.
61,495

11,257

#### JetBlue

#### Airways

#### Corp.
(a) 49,756

1,271

#### Southwest

#### Airlines

#### Co.
47,751

572

#### United

#### Airlines

#### Holdings,

#### Inc.
(a) 52,664

308,685

#### PERSONAL

#### CARE

#### PRODUCTS

#### 0.4%
558

#### Estee

#### Lauder

#### Cos.,

#### Inc.
(The)

#### -

#### Class

#### A
40,048

3,366

#### Kenvue,

#### Inc.
58,030

98,078

#### PHARMACEUTICALS

#### 1.6%
1,039

#### Bristol-Myers

#### Squibb

#### Co.
63,015

#### Eli

#### Lilly

#### &

#### Co.
56,106

#### Johnson

#### &

#### Johnson
63,799

515

#### Merck

#### &

#### Co.,

#### Inc.
61,949

2,357

#### Pfizer,

#### Inc.
66,185

3,964

#### Viatris,

#### Inc.
53,554

#### Zoetis,

#### Inc.

#### -

#### Class

#### A
58,987

423,595

#### PROFESSIONAL

#### SERVICES

#### 2.1%

#### Automatic

#### Data

#### Processing,

#### Inc.
63,799

849

#### Booz

#### Allen

#### Hamilton

#### Holding

#### Corp.

#### -

#### Class

#### A
66,247

#### CACI

#### International,

#### Inc.

#### -

#### Class

#### A
(a) 59,826

2,119

#### Concentrix

#### Corp.
57,976

#### Jacobs

#### Solutions,

#### Inc.
60,458

1,588

#### KBR,

#### Inc.
58,534

#### Leidos

#### Holdings,

#### Inc.
57,076

2,481

#### ManpowerGroup,

#### Inc.
73,089

730

#### Science

#### Applications

#### International

#### Corp.
69,292

566,297

#### REAL

#### ESTATE

#### MANAGEMENT

#### &

#### DEVELOPMENT

#### 0.4%

#### CBRE

#### Group,

#### Inc.

#### -

#### Class

#### A
(a) 59,196

#### Jones

#### Lang

#### LaSalle,

#### Inc.
(a) 62,994

122,190

#### SEMICONDUCTORS

#### &

#### SEMICONDUCTOR

#### EQUIPMENT

#### 2.5%

#### Advanced

#### Micro

#### Devices,

#### Inc.
(a) 61,029

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 45

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
SHARES

SECURITY

DESCRIPTION

VALUE

$

#### Analog

#### Devices,

#### Inc.
56,947

#### Applied

#### Materials,

#### Inc.
57,763

#### Broadcom,

#### Inc.
61,282

1,377

#### Intel

#### Corp.
(a) 60,767

#### KLA

#### Corp.
61,840

#### Lam

#### Research

#### Corp.
56,193

837

#### Microchip

#### Technology,

#### Inc.
54,079

#### Micron

#### Technology,

#### Inc.
51,690

#### NVIDIA

#### Corp.
57,901

#### QUALCOMM,

#### Inc.
56,663

#### Texas

#### Instruments,

#### Inc.
58,048

694,202

#### SOFTWARE

#### 1.9%

#### Adobe,

#### Inc.
(a) 61,013

#### Intuit,

#### Inc.
77,397

#### Microsoft

#### Corp.
61,078

#### Oracle

#### Corp.
64,581

#### Palo

#### Alto

#### Networks,

#### Inc.
(a) 72,304

#### Salesforce,

#### Inc.
64,588

627

#### ServiceNow,

#### Inc.
(a) 65,553

#### Workday,

#### Inc.

#### -

#### Class

#### A
(a) 64,310

530,824

#### SPECIALIZED

#### REITS

#### 0.5%

#### American

#### Tower

#### Corp.
58,505

#### Equinix,

#### Inc.
66,656

125,161

#### SPECIALTY

#### RETAIL

#### 5.7%
1,182

#### Advance

#### Auto

#### Parts,

#### Inc.
62,351

#### Asbury

#### Automotive

#### Group,

#### Inc.
(a) 56,864

#### AutoNation,

#### Inc.
(a) 63,069

#### AutoZone,

#### Inc.
(a) 57,422

1,023

#### Best

#### Buy

#### Co.,

#### Inc.
65,677

#### Burlington

#### Stores,

#### Inc.
(a) 67,679

1,485

#### CarMax,

#### Inc.
(a) 61,746

#### Carvana

#### Co.

#### -

#### Class

#### A
(a) 61,304

2,526

#### Chewy,

#### Inc.

#### -

#### Class

#### A
(a) 68,202

#### Dick's

#### Sporting

#### Goods,

#### Inc.
59,884

2,342

#### Gap,

#### Inc.
(The)

56,676

#### Group

#### 1

#### Automotive,

#### Inc.
63,481

#### Home

#### Depot,

#### Inc.
(The)

54,596

#### Lithia

#### Motors,

#### Inc.

#### -

#### Class

#### A
56,187

#### Lowe's

#### Cos.,

#### Inc.
54,108

#### Murphy

#### USA,

#### Inc.
81,506

681

#### O'Reilly

#### Automotive,

#### Inc.
(a) 62,863

#### Penske

#### Automotive

#### Group,

#### Inc.
59,060

#### Ross

#### Stores,

#### Inc.
69,105

1,024

#### Sonic

#### Automotive,

#### Inc.

#### -

#### Class

#### A
70,216

#### TJX

#### Cos.,

#### Inc.
(The)

64,679

1,201

#### Tractor

#### Supply

#### Co.
54,405

#### Ulta

#### Beauty,

#### Inc.
(a) 49,135

869

#### Wayfair,

#### Inc.

#### -

#### Class

#### A
(a) 65,357

#### Williams-Sonoma,

#### Inc.
55,975

1,541,547

#### TECHNOLOGY

#### HARDWARE,

#### STORAGE

#### &

#### PERIPHERALS

#### 1.5%

#### Apple,

#### Inc.
59,641

533

#### Dell

#### Technologies,

#### Inc.

#### -

#### Class

#### C
87,481

3,181

#### Hewlett

#### Packard

#### Enterprise

#### Co.
75,740

3,502

#### HP,

#### Inc.
67,273

2,059

#### Super

#### Micro

#### Computer,

#### Inc.
(a) 46,883

#### Western

#### Digital

#### Corp.
63,836

400,854

SHARES

SECURITY

DESCRIPTION

VALUE

$

#### TEXTILES,

#### APPAREL

#### &

#### LUXURY

#### GOODS

#### 0.8%

#### Lululemon

#### Athletica,

#### Inc.
(a) 54,810

999

#### NIKE,

#### Inc.

#### -

#### Class

#### B
52,767

924

#### PVH

#### Corp.
64,458

3,229

#### VF

#### Corp.
54,861

226,896

#### TOBACCO

#### 0.4%
927

#### Altria

#### Group,

#### Inc.
61,173

#### Philip

#### Morris

#### International,

#### Inc.
56,546

117,719

#### TRADING

#### COMPANIES

#### &

#### DISTRIBUTORS

#### 1.5%
1,145

#### Core

#### &

#### Main,

#### Inc.

#### -

#### Class

#### A
(a) 56,563

1,411

#### Fastenal

#### Co.
65,471

#### Ferguson

#### Enterprises,

#### Inc.
57,382

#### United

#### Rentals,

#### Inc.
52,456

#### Watsco,

#### Inc.
56,751

#### WESCO

#### International,

#### Inc.
59,102

#### WW

#### Grainger,

#### Inc.
62,176

409,901

#### Total

#### Common

#### Stocks

#### (Cost

#### $26,726,110)

#### 27,213,282

#### SHORT

#### TERM

#### INVESTMENTS

#### 0.2%
64,505

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(c) 64,505

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $64,505)

#### 64,505

#### Total

#### Investments

#### 99.9%

#### (Cost

#### $26,790,615)

#### 27,277,787

#### Other

#### Assets

#### in

#### Excess

#### of

#### Liabilities

#### 0.1%

#### 19,340

#### NET

#### ASSETS

#### 100.0%

#### $27,297,127
(a) #### Non-income

#### producing

#### security.
(b) #### Value

#### determined

#### using

#### significant

#### unobservable

#### inputs.
(c) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### Abbreviations:

#### CVR

#### Contingent

#### Value

#### Rights

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Unaudited)

March

31,

2026

#### 46

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

#### COMMON

#### STOCKS 0.0%
(a) 837

#### Altice

#### France

#### SA
(b) 14,149

#### Total

#### Common

#### Stock

#### (Cost

#### $13,382)

#### 14,149

#### ASSET-BACKED

#### OBLIGATIONS

#### 2.7%

#### AmeriCredit

#### Automobile

#### Receivables

#### Trust

#### ,
100,000

Series

2026-1-A2

4.03%

(c) 04/18/2029

99,970

#### DataBank

#### Issuer

#### II

#### LLC

#### ,
100,000

Series

2025-1A-B

5.67%

(c) 09/27/2055

96,370

#### Dividend

#### Solar

#### Loans

#### LLC

#### ,
246,543

Series

2017-1-C

7.00%

(c) 03/22/2038

222,940

#### EDI

#### ABS

#### Issuer

#### LLC

#### ,
100,000

Series

2025-1A-B

4.55%

(c) 07/25/2055

92,661

#### Hilton

#### Grand

#### Vacations

#### Trust

#### ,
89,973

Series

2025-3EXT-C

5.39%

(c) 10/25/2044

89,738

#### Horizon

#### Aircraft

#### Finance

#### IV

#### Ltd.

#### ,
286,750

Series

2024-1-A

5.38%

(c) 09/15/2049

284,800

#### Lunar

#### Structured

#### Aircraft

#### Portfolio

#### Notes

#### ,
260,361

Series

2021-1-B

3.43%

(c) 10/15/2046

247,877

#### MetroNet

#### Infrastructure

#### Issuer

#### LLC

#### ,
100,000

Series

2026-1A-A2

5.27%

(c) 04/20/2056

100,574

#### Pagaya

#### Ai

#### Debt

#### Grantor

#### Trust

#### ,
144,353

Series

2024-9-D

6.17%

(c) 03/15/2032

144,825

#### Pagaya

#### AI

#### Debt

#### Grantor

#### Trust

#### ,
111,372

Series

2024-8-D

6.53%

(c) 01/15/2032

111,811

#### QTS

#### Issuer

#### ABS

#### I

#### LLC

#### ,
150,000

Series

2025-1A-B

5.93%

(c) 05/25/2055

147,017

#### Retained

#### Vantage

#### Data

#### Centers

#### Issuer

#### LLC

#### ,
150,000

Series

2024-1A-B

5.78%

(c) 09/15/2049

145,756

#### Vital

#### Care

#### Issuer

#### LLC

#### ,
250,000

Series

2025-1A-A2

6.74%

(c) 01/30/2056

251,673

#### Willis

#### Engine

#### Structured

#### Trust

#### V

#### ,
163,177

Series

2020-A-C

6.66%

(c) 03/15/2045

161,616

#### Total

#### Asset-Backed

#### Obligations

#### (Cost

#### $2,189,957)

#### 2,197,628

#### BANK

#### LOANS

#### 14.5%

#### 1261229

#### BC

#### Ltd.

#### ,
29,775

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

6.25%)

9.92%

10/08/2030

28,815

#### Acrisure

#### LLC

#### ,
243,766

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

11/06/2030

236,636

#### ADMI

#### Corp.

#### ,
78,072

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.50%

Floor)

7.53%

12/23/2027

73,426

#### Alera

#### Group,

#### Inc.

#### ,
89,551

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

05/31/2032

87,042

#### Alkermes,

#### Inc.

#### ,
90,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

08/12/2031

90,788

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Allied

#### Universal

#### Holdco

#### LLC

#### ,
99,500

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

08/20/2032

99,624

#### Allison

#### Transmission,

#### Inc.

#### ,
115,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.42%

01/03/2033

115,546

#### Alterra

#### Mountain

#### Co.

#### ,
54,862

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

08/17/2028

54,914

#### Altice

#### France

#### SA

#### ,
120,809

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

6.88%)

10.55%

05/30/2031

121,287

#### American

#### Axle

#### &

#### Manufacturing,

#### Inc.

#### ,
84,150

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.91%

02/03/2033

83,940

#### Apro

#### LLC

#### ,
113,844

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.43%

07/09/2031

114,342

#### Ardonagh

#### Group

#### Finco

#### Pty.

#### Ltd.

#### ,
133,990

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.45%

02/18/2031

131,060

#### Ascend

#### Learning

#### LLC

#### ,
253,719

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%,

0.50%

Floor)

6.67%

12/11/2028

248,264

#### Asurion

#### LLC

#### ,
43,928

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%)

7.92%

09/19/2030

43,514

9,813

Senior

Secured

Second

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.25%)

9.03%

01/19/2029

9,765

#### AthenaHealth

#### Group,

#### Inc.

#### ,
54,861

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%,

0.50%

Floor)

6.42%

02/15/2029

53,936

#### Aveanna

#### Healthcare

#### LLC

#### ,
109,725

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

09/17/2032

109,801

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 47

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Bausch

#### +

#### Lomb

#### Corp.

#### ,
233,925

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

01/15/2031

234,730

#### BCPE

#### Empire

#### Holdings,

#### Inc.

#### ,
153,063

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%,

0.50%

Floor)

6.92%

12/11/2030

151,021

#### BioMarin

#### Pharmaceutical,

#### Inc.

#### ,
95,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.17%

01/28/2033

94,882

#### Blackfin

#### Pipeline

#### LLC

#### ,
94,763

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.69%

09/29/2032

95,399

#### Boots

#### Group

#### Finco

#### LP

#### ,
79,800

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

08/30/2032

80,182

#### Boxer

#### Parent

#### Co.,

#### Inc.

#### ,
138,600

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

07/30/2031

128,883

#### Caesars

#### Entertainment,

#### Inc.

#### ,
213,845

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

02/06/2031

208,232

#### Camelot

#### U.S.

#### Acquisition

#### LLC

#### ,
50,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

01/31/2031

43,448

#### Cengage

#### Learning,

#### Inc.

#### ,
153,450

Senior

Secured

First

Lien

Term

Loan

(TSFR1M

+

3%;

TSFR3M

+

3%

+

3.00%)

6.67%

03/24/2031

150,636

#### Chariot

#### Buyer

#### LLC

#### ,
119,698

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

09/08/2032

118,747

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.

#### ,
70,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.79%

08/23/2028

70,280

#### Cloud

#### Software

#### Group,

#### Inc.

#### ,
29,925

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

08/16/2032

27,467

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Clydesdale

#### Acquisition

#### Holdings,

#### Inc.

#### ,
25,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.18%,

0.50%

Floor)

6.84%

04/13/2029

23,912

9,975

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

04/01/2032

9,343

#### Columbus

#### McKinnon

#### Corp.

#### ,
123,623

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.20%

02/03/2033

123,314

#### Compass

#### Power

#### Generation

#### LLC

#### ,
126,965

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

04/16/2029

127,895

#### CompoSecure

#### Holdings

#### LLC

#### ,
55,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.93%

01/14/2033

54,966

#### Cotiviti,

#### Inc.

#### ,
18,993

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

05/01/2031

17,544

104,213

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

03/26/2032

96,189

#### CPI

#### Holdco

#### B

#### LLC

#### ,
14,924

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

05/19/2031

14,845

#### Crown

#### Finance

#### U.S.,

#### Inc.

#### ,
114,350

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.17%

12/02/2031

113,403

#### Curium

#### BidCo

#### Sarl

#### ,
48,865

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

08/06/2031

48,834

#### Dayforce

#### Bidco

#### LLC

#### ,
125,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.66%

02/04/2033

118,576

#### Delta

#### 2
(Lux)

#### Sarl

#### ,
115,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.45%

09/30/2031

114,928

#### Eagle

#### Parent

#### Corp.

#### ,
108,179

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%,

0.50%

Floor)

7.92%

04/02/2029

108,529

#### 48

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Edelman

#### Financial

#### Engines

#### Center

#### LLC
(The)

#### ,
40,000

Senior

Secured

Second

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.25%)

8.92%

10/20/2028

39,710

#### EG

#### America

#### LLC

#### ,
185,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

02/10/2031

185,370

#### Eisner

#### Advisory

#### Group

#### LLC

#### ,
84,787

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.67%

02/28/2031

80,972

#### Fertitta

#### Entertainment

#### LLC

#### ,
124,675

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%,

0.50%

Floor)

6.92%

01/29/2029

122,493

#### First

#### Advantage

#### Holdings

#### LLC

#### ,
34,586

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.45%

10/31/2031

33,750

#### Focus

#### Financial

#### Partners

#### LLC

#### ,
147,962

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

09/15/2031

143,515

#### Freeport

#### LNG

#### Investments

#### LLLP

#### ,
155,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.89%

02/11/2033

155,259

#### Froneri

#### U.S.,

#### Inc.

#### ,
254,363

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.88%

09/30/2032

249,929

#### Gainwell

#### Acquisition

#### Corp.

#### ,
192,927

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%,

0.75%

Floor)

7.80%

10/01/2027

187,702

#### Garda

#### World

#### Security

#### Corp.

#### ,
104,211

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

02/01/2029

103,689

#### GBT

#### U.S.

#### III

#### LLC

#### ,
69,773

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

07/25/2031

68,483

#### Genmab

#### A/S

#### ,
63,375

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.73%

12/13/2032

63,687

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Golden

#### State

#### Foods

#### LLC

#### ,
14,924

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.20%

12/04/2031

14,963

#### Grant

#### Thornton

#### Advisors

#### LLC

#### ,
278,697

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

06/02/2031

260,872

#### Great

#### Outdoors

#### Group

#### LLC

#### ,
65,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%,

0.75%

Floor)

6.92%

01/23/2032

64,976

#### Green

#### Infrastructure

#### Partners,

#### Inc.

#### ,
230,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.45%

09/24/2032

230,000

#### Hexion

#### Holdings

#### Corp.

#### ,
47,241

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%,

0.50%

Floor)

7.67%

03/15/2029

45,302

#### Hologic,

#### Inc.

#### ,
235,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.75%

01/14/2033

232,489

#### INEOS

#### U.S.

#### Finance

#### LLC

#### ,
19,585

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

02/18/2030

17,174

#### ION

#### Platform

#### Finance

#### U.S.,

#### Inc.

#### ,
150,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

09/30/2032

121,375

#### Kaman

#### Corp.

#### ,
1,940

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.15%

02/26/2032

1,943

104,539

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

02/26/2032

104,699

#### Lavender

#### Dutch

#### BorrowerCo

#### BV

#### ,
74,813

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.94%

12/30/2032

73,877

#### LBM

#### Acquisition

#### LLC

#### ,
30,540

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.75%

Floor)

7.52%

06/06/2031

24,646

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 49

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### LC

#### Ahab

#### U.S.

#### Bidco

#### LLC

#### ,
149,020

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

05/01/2031

147,809

#### LifePoint

#### Health,

#### Inc.

#### ,
137,160

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.42%

05/19/2031

137,357

#### Live

#### Nation

#### Entertainment,

#### Inc.

#### ,
84,788

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

10/21/2032

84,929

#### Madison

#### IAQ

#### LLC

#### ,
76,388

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.51%

05/06/2032

76,641

#### McAfee

#### Corp.

#### ,
29,437

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%,

0.50%

Floor)

6.67%

03/01/2029

26,383

#### Meade

#### Pipeline

#### Co.

#### LLC

#### ,
90,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.69%

09/22/2032

90,150

#### MH

#### Sub

#### I

#### LLC

#### ,
147,731

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%,

0.50%

Floor)

7.92%

12/31/2031

99,165

#### Michaels

#### Cos.,

#### Inc.
(The)

#### ,
30,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.00%)

8.67%

03/15/2033

29,177

#### Mitchell

#### International,

#### Inc.

#### ,
44,888

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

06/17/2031

42,954

#### MIWD

#### Holdco

#### II

#### LLC

#### ,
104,175

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.42%

03/28/2031

96,318

#### Motion

#### Finco

#### Sarl

#### ,
69,700

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.20%

11/13/2029

61,311

#### NEP

#### Group,

#### Inc.

#### ,
25,513

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.17%

10/17/2031

23,179

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Neptune

#### Bidco

#### US,

#### Inc.

#### ,
30,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.00%)

8.76%

02/03/2033

28,680

#### Nexstar

#### Media,

#### Inc.

#### ,
109,175

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

06/28/2032

108,190

145,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.22%

03/18/2033

143,550

#### NGL

#### Energy

#### Operating

#### LLC

#### ,
25,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.18%

03/11/2033

25,059

#### OAK-Eagle

#### Acquireco,

#### Inc.

#### ,
190,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

6.97%

03/23/2033

189,050

#### OneDigital

#### Borrower

#### LLC

#### ,
74,810

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%,

0.50%

Floor)

6.67%

07/02/2031

72,519

#### Ontario

#### Gaming

#### GTA

#### LP

#### ,
64,405

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%,

0.50%

Floor)

7.95%

08/01/2030

60,512

#### OPENLANE,

#### Inc.

#### ,
104,738

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.14%

10/08/2032

104,868

#### Ovg

#### Business

#### Services

#### LLC

#### ,
203,965

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

06/25/2031

204,220

#### Pacific

#### Dental

#### Services,

#### Inc.

#### ,
49,749

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.18%

03/17/2031

49,843

#### PetSmart

#### LLC

#### ,
80,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.67%

08/18/2032

79,620

#### Pinnacle

#### Buyer

#### LLC

#### ,
33,465

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.16%

10/01/2032

33,543

#### 50

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Primo

#### Brands

#### Corp.

#### ,
75,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.22%

03/19/2031

75,211

#### Project

#### Aurora

#### U.S.

#### Finco,

#### Inc.

#### ,
55,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.49%

12/06/2032

55,172

#### Pye-Barker

#### Fire

#### &

#### Safety

#### LLC

#### ,
34,800

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.21%

12/16/2032

34,893

#### Radiology

#### Partners,

#### Inc.

#### ,
134,325

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.50%)

8.17%

06/30/2032

132,574

#### RealPage,

#### Inc.

#### ,
179,063

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.96%

04/24/2028

171,950

19,850

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.50%

Floor)

7.45%

04/24/2028

19,332

#### Savor

#### Acquisition,

#### Inc.

#### ,
55,436

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%)

6.67%

02/19/2032

55,575

#### Sedgwick

#### Claims

#### Management

#### Services,

#### Inc.

#### ,
202,951

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

07/31/2031

199,545

#### Select

#### Medical

#### Corp.

#### ,
65,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.72%

12/31/2031

64,919

#### Staples,

#### Inc.

#### ,
34,736

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

5.75%)

9.41%

08/23/2029

31,658

#### StubHub

#### Holdco

#### Sub

#### LLC

#### ,
26,578

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.75%)

8.42%

03/15/2030

26,238

#### Sunrise

#### Financing

#### Partnership

#### ,
200,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.47%)

6.10%

02/16/2032

199,042

#### Talen

#### Energy

#### Supply

#### LLC

#### ,
104,738

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.67%

11/25/2032

104,943

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Team

#### Health

#### Holdings,

#### Inc.

#### ,
84,364

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.66%

06/30/2028

84,185

#### Tecta

#### America

#### Corp.

#### ,
59,700

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.75%)

6.25%

02/18/2032

59,555

#### Tiger

#### Acquisition

#### LLC

#### ,
138,515

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.18%

08/23/2032

138,809

#### TKO

#### Worldwide

#### Holdings

#### LLC

#### ,
64,637

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.66%

11/21/2031

64,678

#### TransDigm,

#### Inc.

#### ,
20,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.16%

02/14/2033

20,032

#### Trident

#### TPI

#### Holdings,

#### Inc.

#### ,
39,748

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%,

0.50%

Floor)

7.45%

09/15/2028

37,742

#### Trucordia

#### Insurance

#### Holdings

#### LLC

#### ,
24,363

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

06/17/2032

22,536

#### UKG,

#### Inc.

#### ,
129,674

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

02/10/2031

124,090

#### Univision

#### Communications,

#### Inc.

#### ,
169,139

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.50%)

7.28%

01/23/2029

167,766

#### Verde

#### Purchaser

#### LLC

#### ,
54,473

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.00%)

7.67%

11/30/2030

53,072

#### Vestis

#### Corp.

#### ,
79,579

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.25%)

5.92%

02/24/2031

76,993

#### Victory

#### Capital

#### Holdings,

#### Inc.

#### ,
29,850

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.70%

09/23/2032

29,816

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 51

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Victra

#### Holdings

#### LLC

#### ,
245,996

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.75%)

7.45%

03/30/2029

242,921

#### Virgin

#### Media

#### Bristol

#### LLC

#### ,
75,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

7.04%

01/31/2029

72,531

110,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.18%)

7.05%

03/31/2031

100,708

#### Voyager

#### Parent

#### LLC

#### ,
139,301

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

4.25%)

7.95%

07/01/2032

138,532

#### VSE

#### Corp.

#### ,
45,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.00%)

5.47%

03/17/2033

45,009

#### Wand

#### NewCo

#### 3,

#### Inc.

#### ,
165,004

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

2.50%)

6.17%

01/30/2031

163,879

#### White

#### Cap

#### Supply

#### Holdings

#### LLC

#### ,
34,187

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

10/19/2029

32,961

#### WhiteWater

#### Matterhorn

#### Holdings

#### LLC

#### ,
44,938

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

1.75%)

5.44%

06/16/2032

44,788

#### Zayo

#### Group

#### Holdings,

#### Inc.

#### ,
188,913

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.00%

+

0.50%

PIK)

6.79%

03/11/2030

185,833

#### Zelis

#### Payments

#### Buyer,

#### Inc.

#### ,
118,809

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

Month

+

3.25%)

6.92%

11/26/2031

115,260

#### Total

#### Bank

#### Loans

#### (Cost

#### $12,103,769)

#### 11,913,535

#### COLLATERALIZED

#### LOAN

#### OBLIGATIONS

#### 5.4%

#### ACREC

#### LLC

#### ,
130,000

Series

2026-FL4-C

(CME

Term

SOFR

Month

+

2.00%)

5.68%

(c) 01/18/2043

129,817

#### AREIT

#### LLC

#### ,
110,000

Series

2025-CRE11-C

(CME

Term

SOFR

Month

+

2.25%)

5.93%

(c) 07/25/2043

110,165

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Bain

#### Capital

#### Credit

#### CLO

#### ,
1,000,000

Series

2018-2A-DR

(CME

Term

SOFR

Month

+

2.95%,

2.95%

Floor)

6.62%

(c) 07/19/2031

1,004,353

#### BDS

#### LLC

#### ,
140,000

Series

2025-FL16-C

(CME

Term

SOFR

Month

+

2.10%)

5.78%

(c) 06/19/2043

139,791

#### BRSP

#### Ltd.

#### ,
140,000

Series

2026-FL3-D

(CME

Term

SOFR

Month

+

2.85%)

6.53%

(c) 08/19/2043

140,521

#### BSPRT

#### Issuer

#### LLC

#### ,
100,000

Series

2024-FL11-C

(CME

Term

SOFR

Month

+

2.64%)

6.32%

(c) 07/15/2039

100,070

140,000

Series

2026-FL13-A

(CME

Term

SOFR

Month

+

1.50%)

0.00%

(c) 10/18/2043

140,350

#### BSPRT

#### Issuer

#### Ltd.

#### ,
126,916

Series

2023-FL10-A

(CME

Term

SOFR

Month

+

2.26%,

2.26%

Floor)

5.93%

(c) 09/15/2035

127,239

#### Carlyle

#### US

#### CLO

#### Ltd.

#### ,
500,000

Series

2020-2A-CR2

(CME

Term

SOFR

Month

+

2.90%)

6.57%

(c) 01/25/2035

484,031

#### FS

#### Rialto

#### Issuer

#### LLC

#### ,
110,000

Series

2026-FL11-C

(CME

Term

SOFR

Month

+

2.05%)

5.73%

(c) 01/19/2044

110,342

#### GS

#### REFT

#### Issuer

#### Ltd.

#### ,
150,000

Series

2026-FL1-A

(CME

Term

SOFR

Month

+

1.50%)

5.17%

(c) 04/19/2043

150,375

#### Harvest

#### US

#### CLO

#### Ltd.

#### ,
500,000

Series

2023-1A-DR

(CME

Term

SOFR

Month

+

2.85%)

6.52%

(c) 01/15/2037

494,606

#### KREF

#### Ltd.

#### ,
150,000

Series

2021-FL2-AS

(CME

Term

SOFR

Month

+

1.41%,

1.30%

Floor)

5.09%

(c) 02/15/2039

150,262

130,000

Series

2022-FL3-C

(CME

Term

SOFR

Month

+

2.30%)

5.98%

(c) 02/17/2039

130,480

#### LoanCore

#### Issuer

#### Ltd.

#### ,
150,000

Series

2021-CRE6-C

(CME

Term

SOFR

Month

+

2.41%)

6.09%

(c) 11/15/2038

150,454

100,000

Series

2021-CRE6-D

(CME

Term

SOFR

Month

+

2.96%)

6.64%

(c) 11/15/2038

100,331

#### MF1

#### LLC

#### ,
170,000

Series

2026-FL21-C

(CME

Term

SOFR

Month

+

1.95%)

5.63%

(c) 02/18/2041

170,625

#### MF1

#### Ltd.

#### ,
100,000

Series

2021-FL7-D

(CME

Term

SOFR

Month

+

2.66%)

6.34%

(c) 10/16/2036

100,134

#### 52

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

130,000

Series

2022-FL8-B

(CME

Term

SOFR

Month

+

1.95%)

5.63%

(c) 02/19/2037

129,887

#### MF1

#### Multifamily

#### Housing

#### Mortgage

#### Loan

#### Trust

#### ,
150,000

Series

2021-FL7-E

(CME

Term

SOFR

Month

+

2.91%,

2.80%

Floor)

6.59%

(c) 10/16/2036

148,718

#### PFP

#### Ltd.

#### ,
150,000

Series

2025-12-C

(CME

Term

SOFR

Month

+

2.54%)

6.22%

(c) 12/18/2042

150,336

90,000

Series

2026-13-C

(CME

Term

SOFR

Month

+

2.00%)

5.68%

(c) 08/18/2043

90,287

#### Total

#### Collateralized

#### Loan

#### Obligations

#### (Cost

#### $4,458,338)

#### 4,453,174

#### FOREIGN

#### CORPORATE

#### BONDS

#### 4.0%

#### BERMUDA

#### 0.1%
108,000

#### Triton

#### Container

#### International

#### Ltd.
5.15%

02/15/2033

105,818

#### BRAZIL

#### 0.1%
95,000

#### Suzano

#### Netherlands

#### BV
5.50%

01/15/2036

91,972

#### CANADA

#### 1.3%
32,000

#### Bank

#### of

#### Nova

#### Scotia
(The)

#### (SOFR

#### +

#### 1.05%)
4.81%

02/02/2034

31,558

94,000

#### Bell

#### Canada

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.36%)
7.00%

09/15/2055

96,248

51,000

#### Cenovus

#### Energy,

#### Inc.
5.40%

03/20/2036

50,764

83,000

#### Element

#### Fleet

#### Management

#### Corp.
5.04%

(c) 03/25/2030

83,836

90,000

#### Garda

#### World

#### Security

#### Corp.
6.50%

(c) 01/15/2031

91,312

250,000

#### Garda

#### World

#### Security

#### Corp.
8.25%

(c) 08/01/2032

247,729

260,000

#### Ontario

#### Gaming

#### GTA

#### LP
8.00%

(c) 08/01/2030

249,386

89,000

#### TELUS

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.71%)
7.00%

10/15/2055

90,895

97,000

#### WSP

#### Global,

#### Inc.
5.04%

(c) 09/18/2031

96,231

1,037,959

#### CAYMAN

#### ISLANDS

#### 0.7%
539,000

#### Global

#### Aircraft

#### Leasing

#### Co.

#### Ltd.
8.75%

(c) 09/01/2027

547,511

#### FRANCE

#### 0.3%
94,384

#### Altice

#### France

#### SA
6.88%

(c) 07/15/2032

89,517

200,000

#### Societe

#### Generale

#### SA

#### (SOFR

#### +

#### 1.73%)
5.44%

(c) 10/03/2036

195,792

285,309

#### HONG

#### KONG

#### 0.3%
290,000

#### Seaspan

#### Corp.
5.50%

(c) 08/01/2029

271,993

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### IRELAND

#### 0.3%
150,000

#### AerCap

#### Ireland

#### Capital

#### DAC

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.72%)
6.95%

03/10/2055

153,605

64,000

#### Avolon

#### Holdings

#### Funding

#### Ltd.
4.90%

(c) 10/10/2030

63,587

217,192

#### ISRAEL

#### 0.1%
102,000

#### Teva

#### Pharmaceutical

#### Finance

#### Co.

#### LLC
6.15%

02/01/2036

105,216

#### UNITED

#### KINGDOM

#### 0.8%
200,000

#### 180

#### Medical,

#### Inc.
5.30%

(c) 10/08/2035

196,561

62,000

#### BAT

#### Capital

#### Corp.
5.63%

08/15/2035

63,787

200,000

#### Froneri

#### Lux

#### FinCo.

#### Sarl
6.00%

(c) 08/01/2032

195,195

200,000

#### Merlin

#### Entertainments

#### Group

#### US

#### Holdings,

#### Inc.
7.38%

(c) 02/15/2031

167,066

622,609

#### Total

#### Foreign

#### Corporate

#### Bonds

#### (Cost

#### $3,322,189)

#### 3,285,579

#### NON-AGENCY

#### COMMERCIAL

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 9.8%

#### 1211

#### Avenue

#### of

#### the

#### Americas

#### Trust

#### ,
100,000

Series

2015-1211-A1A2

3.90%

(c) 08/10/2035

95,862

#### 1345T

#### ,
100,000

Series

2025-AOA-D

(CME

Term

SOFR

Month

+

3.00%)

6.67%

(c) 06/15/2042

99,902

#### ALA

#### Trust

#### ,
150,000

Series

2025-OANA-A

(CME

Term

SOFR

Month

+

1.74%)

5.42%

(c) 06/15/2040

150,610

#### Arbor

#### Multifamily

#### Mortgage

#### Securities

#### Trust

#### ,
3,718,190

Series

2020-MF1-XA

0.92%

(c) (d)(e) 05/15/2053

112,285

130,000

Series

2021-MF3-A2

2.21%

(c) 10/15/2054

128,135

#### ARDN

#### Mortgage

#### Trust

#### ,
100,000

Series

2025-ARCP-A

(CME

Term

SOFR

Month

+

1.75%)

5.42%

(c) 06/15/2035

99,766

#### BANK

#### ,
4,077,128

Series

2021-BN32-XA

0.76%

(d)(e) 04/15/2054

109,541

#### BANK5

#### ,
1,078,646

Series

2025-5YR16-XA

1.07%

(d)(e) 08/15/2063

45,072

1,998,740

Series

2025-5YR17-XA

1.19%

(d)(e) 11/15/2058

93,262

1,801,968

Series

2026-5YR20-XA

1.31%

(d)(e) 02/15/2059

100,209

3,161,000

Series

2026-5YR21-XA

1.00%

(d)(e) 04/15/2059

111,056

#### BBCMS

#### Mortgage

#### Trust

#### ,
100,000

Series

2023-C19-B

6.35%

(d) 04/15/2056

100,748

171,000

Series

2024-5C29-D

4.00%

(c) 09/15/2057

150,828

170,000

Series

2024-5C31-D

4.25%

(c) 12/15/2057

150,222

122,000

Series

2025-5C38-B

5.72%

(d) 11/15/2058

124,058

103,000

Series

2026-5C40-D

4.25%

(c) 02/15/2059

86,662

#### Benchmark

#### Mortgage

#### Trust

#### ,
3,967,642

Series

2024-V12-XA

0.85%

(d)(e) 12/15/2057

115,520

100,000

Series

2024-V6-D

4.00%

03/15/2057

90,170

3,565,296

Series

2025-V15-XA

1.12%

(d)(e) 06/15/2058

147,888

100,000

Series

2025-V16-C

5.95%

(d) 08/15/2058

101,067

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 53

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

3,149,492

Series

2025-V16-XA

0.96%

(d)(e) 08/15/2058

114,855

250,000

Series

2025-V18-C

6.14%

10/15/2058

249,591

3,474,939

Series

2025-V18-XA

1.26%

(c) (d)(e) 10/15/2058

176,227

128,000

Series

2025-V19-C

5.75%

(d) 01/15/2058

127,299

1,143,000

Series

2026-V21-XD

2.25%

(c) (d)(e) 12/15/2030

108,057

#### BMO

#### Mortgage

#### Trust

#### ,
150,000

Series

2024-5C3-D

4.00%

(c) 02/15/2057

134,182

150,000

Series

2024-5C5-D

4.50%

(c) 02/15/2057

133,816

150,000

Series

2025-5C10-C

6.49%

(d) 05/15/2058

152,330

136,000

Series

2025-5C13-C

5.88%

(d) 12/15/2058

134,327

2,648,694

Series

2025-5C13-XA

1.20%

(d)(e) 12/15/2058

129,239

#### BMP

#### Trust

#### ,
100,000

Series

2024-MF23-D

(CME

Term

SOFR

Month

+

2.39%,

2.39%

Floor)

6.06%

(c) 06/15/2041

100,171

#### BX

#### Commercial

#### Mortgage

#### Trust

#### ,
97,464

Series

2024-GPA2-D

(CME

Term

SOFR

Month

+

2.59%,

2.59%

Floor)

6.26%

(c) 11/15/2041

97,540

70,000

Series

2024-MDHS-D

(CME

Term

SOFR

Month

+

2.69%,

2.69%

Floor)

6.36%

(c) 05/15/2041

69,958

88,545

Series

2024-MF-D

(CME

Term

SOFR

Month

+

2.69%,

2.69%

Floor)

6.36%

(c) 02/15/2039

88,717

110,000

Series

2026-ALOHA-D

(CME

Term

SOFR

Month

+

2.15%)

0.00%

(c) 04/15/2043

110,275

100,000

Series

2026-CSMO-D

(CME

Term

SOFR

Month

+

2.45%)

6.12%

(c) 02/15/2043

100,406

100,000

Series

2026-XL6-D

(CME

Term

SOFR

Month

+

2.10%)

5.77%

(c) 03/15/2043

99,610

#### BX

#### Trust

#### ,
100,000

Series

2021-LGCY-D

(CME

Term

SOFR

Month

+

1.42%)

5.09%

(c) 10/15/2036

99,927

84,533

Series

2021-RISE-D

(CME

Term

SOFR

Month

+

1.86%)

5.54%

(c) 11/15/2036

84,542

100,000

Series

2022-LBA6-C

(CME

Term

SOFR

Month

+

1.60%)

5.27%

(c) 01/15/2039

100,042

71,296

Series

2024-CNYN-D

(CME

Term

SOFR

Month

+

2.69%,

2.69%

Floor)

6.36%

(c) 04/15/2041

71,381

100,000

Series

2025-ARIA-C

5.52%

(c)(d) 12/13/2042

99,808

100,000

Series

2026-CART-D

(CME

Term

SOFR

Month

+

1.90%)

5.57%

(c) 02/15/2036

99,258

100,000

Series

2026-OPTM-D

(CME

Term

SOFR

Month

+

2.00%)

5.75%

(c) 03/15/2039

99,571

#### BXP

#### Trust

#### ,
100,000

Series

2017-GM-C

3.42%

(c)(d) 06/13/2039

97,647

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### DBC

#### Mortgage

#### Trust

#### ,
100,000

Series

2025-DBC-D

(CME

Term

SOFR

Month

+

2.60%)

6.27%

(c) 11/15/2042

99,886

#### ELP

#### Commercial

#### Mortgage

#### Trust

#### ,
100,000

Series

2025-ELP-E

6.02%

(c)(d) 11/13/2042

98,952

#### Great

#### Wolf

#### Trust

#### ,
100,000

Series

2024-WOLF-D

(CME

Term

SOFR

Month

+

2.89%,

2.89%

Floor)

6.56%

(c) 03/15/2039

100,407

#### Hilton

#### USA

#### Trust

#### ,
100,000

Series

2016-HHV-C

4.19%

(c)(d) 11/05/2038

99,663

100,000

Series

2016-SFP-A

2.83%

(c) 11/05/2035

85,740

#### INV

#### Mortgage

#### Trust

#### ,
100,000

Series

2024-IND-A

(CME

Term

SOFR

Month

+

1.74%)

5.41%

(c) 11/15/2041

98,859

#### JPMDB

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
140,000

Series

2017-C7-B

3.99%

10/15/2050

133,169

#### LBTY

#### Commercial

#### Mortgage

#### Trust

#### ,
100,000

Series

2026-225L-D

5.71%

(c)(d) 02/10/2043

98,160

#### MHP

#### Commercial

#### Mortgage

#### Trust

#### ,
100,000

Series

2021-STOR-D

(CME

Term

SOFR

Month

+

1.46%,

1.35%

Floor)

5.14%

(c) 07/15/2038

99,984

100,000

Series

2021-STOR-E

(CME

Term

SOFR

Month

+

1.86%)

5.54%

(c) 07/15/2038

99,997

#### Morgan

#### Stanley

#### Bank

#### of

#### America

#### Merrill

#### Lynch

#### Trust

#### ,
93,957

Series

2013-C11-AS

3.89%

(d) 08/15/2046

91,077

104,000

Series

2025-5C1-C

6.64%

(d) 03/15/2058

107,377

100,000

Series

2025-5C2-C

5.74%

(d) 11/15/2058

98,242

#### Morgan

#### Stanley

#### Capital

#### I

#### Trust

#### ,
150,000

Series

2018-H3-C

4.86%

(d) 07/15/2051

143,717

#### MTN

#### Commercial

#### Mortgage

#### Trust

#### ,
100,000

Series

2022-LPFL-D

(CME

Term

SOFR

Month

+

2.94%,

2.94%

Floor)

6.62%

(c) 03/15/2039

99,880

#### Natixis

#### Commercial

#### Mortgage

#### Securities

#### Trust

#### ,
100,000

Series

2019-10K-E

4.13%

(c)(d) 05/15/2039

92,734

#### NYC

#### Commercial

#### Mortgage

#### Trust

#### ,
100,000

Series

2025-300P-E

7.39%

(c)(d) 07/13/2042

100,716

#### PLYM

#### Commercial

#### Mortgage

#### Trust

#### ,
100,000

Series

2026-IND-D

(CME

Term

SOFR

Month

+

2.15%)

5.82%

(c) 03/15/2043

99,252

#### RFR

#### Trust

#### ,
100,000

Series

2025-SGRM-E

7.27%

(c)(d) 03/11/2041

100,556

#### UBS

#### Commercial

#### Mortgage

#### Trust

#### ,
150,000

Series

2018-C13-B

4.79%

(d) 10/15/2051

142,320

#### Wells

#### Fargo

#### Commercial

#### Mortgage

#### Trust

#### ,
200,000

Series

2025-5C4-D

4.50%

(c) 05/15/2058

177,080

2,066,968

Series

2025-5C4-XA

1.12%

(d)(e) 05/15/2058

84,095

123,000

Series

2025-5C7-C

5.80%

(d) 12/15/2058

120,990

150,000

Series

2025-5C7-D

4.25%

(c) 12/15/2058

125,002

100,000

Series

2025-AGLN-B

(CME

Term

SOFR

Month

+

1.94%)

5.61%

(c) 07/15/2037

99,755

104,000

Series

2026-5C8-D

4.50%

(c) 03/15/2059

88,356

#### 54

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

2,641,000

Series

2026-5C8-XA

1.58%

(d)(e) 03/15/2059

154,584

#### Total

#### Non-Agency

#### Commercial

#### Mortgage-Backed

#### Obligations

#### (Cost

#### $8,032,959)

#### 8,032,189

#### NON-AGENCY

#### RESIDENTIAL

#### COLLATERALIZED

#### MORTGAGE

#### OBLIGATIONS

#### 18.3%

#### Aspire

#### Mortgage

#### Trust

#### ,
500,000

Series

2026-1-M1

5.40%

(c)(d) 01/25/2066

501,481

#### BRAVO

#### Residential

#### Funding

#### Trust

#### ,
650,000

Series

2026-NQM1-B1

6.45%

(c)(d) 12/25/2065

649,565

500,000

Series

2026-NQM2-M1

5.45%

(c)(d) 11/25/2065

489,179

#### COLT

#### Mortgage

#### Loan

#### Trust

#### ,
500,000

Series

2026-2-M1

5.42%

(c)(d) 03/25/2071

503,031

#### EFMT

#### ,
750,000

Series

2025-INV2-B2

7.50%

(c)(d) 05/26/2070

745,491

#### FHLMC

#### STACR

#### REMICS

#### Trust

#### ,
300,000

Series

2024-HQA1-M2

(SOFR

Day

Average

+

2.00%)

5.66%

(c) 03/25/2044

303,295

#### J.P.

#### Morgan

#### Mortgage

#### Trust

#### ,
500,000

Series

2024-VIS2-B2

7.69%

(c)(d) 11/25/2064

499,176

600,000

Series

2025-NQM5-M1A

5.67%

(c)(d) 05/25/2066

594,327

#### MFA

#### Trust

#### ,
750,000

Series

2025-NQM5-M1

5.89%

(c)(d) 11/25/2070

753,595

#### Morgan

#### Stanley

#### Residential

#### Mortgage

#### Loan

#### Trust

#### ,
740,000

Series

2025-NQM5-B1

7.07%

(c)(d) 07/25/2070

741,142

#### New

#### Residential

#### Mortgage

#### Loan

#### Trust

#### ,
750,000

Series

2026-NQM1-B1

6.60%

(c)(d) 11/25/2065

740,866

#### OBX

#### Trust

#### ,
600,000

Series

2024-NQM17-M1

6.65%

(c)(d) 11/25/2064

605,828

625,000

Series

2024-NQM18-M1

6.17%

(c)(d) 10/25/2064

626,599

600,000

Series

2025-NQM23-M1

5.67%

(c)(d) 10/25/2065

595,190

#### PRPM

#### Trust

#### ,
750,000

Series

2025-NQM3-B1

6.89%

(c)(d) 05/25/2070

751,139

600,000

Series

2025-NQM6-B1

6.96%

(c)(d) 12/25/2070

595,704

#### Verus

#### Securitization

#### Trust

#### ,
625,000

Series

2024-9-B1

6.85%

(c)(d) 11/25/2069

626,768

500,000

Series

2025-1-B1

7.01%

(c)(d) 01/25/2070

505,613

700,000

Series

2025-11-B1

6.41%

(c)(d) 11/25/2070

690,745

625,000

Series

2025-2-B1

6.97%

(c) 03/25/2070

627,783

750,000

Series

2025-5-B1

7.06%

(c)(d) 06/25/2070

753,842

750,000

Series

2025-6-B1

6.87%

(c)(d) 07/25/2070

752,007

750,000

Series

2025-9-B2

7.38%

(c)(d) 10/27/2070

745,434

600,000

Series

2026-1-B1

6.47%

(c)(d) 01/25/2071

592,567

#### Total

#### Non-Agency

#### Residential

#### Collateralized

#### Mortgage

#### Obligations

#### (Cost

#### $15,016,951)

#### 14,990,367

#### U.S.

#### CORPORATE

#### BONDS

#### 40.0%
250,000

#### 1261229

#### BC

#### Ltd.
10.00%

(c) 04/15/2032

256,172

295,000

#### Acrisure

#### LLC
6.75%

(c) 07/01/2032

284,555

220,000

#### Acushnet

#### Co.
5.63%

(c) 12/01/2033

218,848

210,000

#### Advanced

#### Drainage

#### Systems,

#### Inc.
5.38%

(c) 03/01/2034

204,880

96,000

#### Alliant

#### Energy

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.08%)
5.75%

04/01/2056

93,367

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

120,000

#### Alliant

#### Holdings

#### Intermediate

#### LLC
6.50%

(c) 10/01/2031

117,984

174,000

#### Allied

#### Universal

#### Holdco

#### LLC
7.88%

(c) 02/15/2031

179,548

100,000

#### American

#### Axle

#### &

#### Manufacturing,

#### Inc.
6.38%

(c) 10/15/2032

99,055

90,000

#### American

#### Axle

#### &

#### Manufacturing,

#### Inc.
7.75%

(c) 10/15/2033

87,670

84,000

#### American

#### Express

#### Co.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.15%)
5.41%

02/08/2041

83,441

50,000

#### Antero

#### Midstream

#### Partners

#### LP
5.75%

(c) 07/01/2034

49,305

85,000

#### Anywhere

#### Real

#### Estate

#### Group

#### LLC
5.25%

(c) 04/15/2030

80,378

65,000

#### Anywhere

#### Real

#### Estate

#### Group

#### LLC
9.75%

(c) 04/15/2030

69,057

50,000

#### APA

#### Corp.
6.10%

02/15/2035

51,369

186,000

#### AthenaHealth

#### Group,

#### Inc.
6.50%

(c) 02/15/2030

174,783

50,000

#### Atlassian

#### Corp.
5.25%

05/15/2029

50,312

155,000

#### Azorra

#### Finance

#### Ltd.
7.25%

(c) 01/15/2031

156,639

102,000

#### Bank

#### of

#### America

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.68%)
6.63%

(f) 05/01/2030

104,642

112,000

#### Bank

#### of

#### New

#### York

#### Mellon

#### Corp.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.03%)
5.63%

(f) 03/20/2031

109,762

224,000

#### Bausch

#### +

#### Lomb

#### Corp.
8.38%

(c) 10/01/2028

231,560

76,000

#### Block

#### Financial

#### LLC
5.38%

09/15/2032

73,794

95,000

#### Brown

#### &

#### Brown,

#### Inc.
5.25%

06/23/2032

94,882

320,000

#### Builders

#### FirstSource,

#### Inc.
6.38%

(c) 03/01/2034

316,309

170,000

#### Builders

#### FirstSource,

#### Inc.
6.75%

(c) 05/15/2035

170,050

50,000

#### CACI

#### International,

#### Inc.
6.38%

(c) 06/15/2033

50,931

120,000

#### Caesars

#### Entertainment,

#### Inc.
6.00%

(c) 10/15/2032

110,547

41,000

#### Carnival

#### Corp.
5.13%

(c) 05/01/2029

40,722

250,000

#### Carnival

#### Corp.
5.88%

(c) 06/15/2031

253,230

220,000

#### Carnival

#### Corp.
5.75%

(c) 08/01/2032

220,203

33,000

#### CCO

#### Holdings

#### LLC
5.13%

(c) 05/01/2027

32,984

345,000

#### CCO

#### Holdings

#### LLC
4.75%

(c) 03/01/2030

327,579

171,000

#### CCO

#### Holdings

#### LLC
4.75%

(c) 02/01/2032

154,749

60,000

#### CCO

#### Holdings

#### LLC
4.25%

(c) 01/15/2034

51,385

90,000

#### CCO

#### Holdings

#### LLC
7.38%

(c) 02/01/2036

89,707

60,000

#### Celanese

#### US

#### Holdings

#### LLC
6.50%

04/15/2030

61,270

60,000

#### Celanese

#### US

#### Holdings

#### LLC
6.75%

04/15/2033

61,596

40,000

#### Chemours

#### Co.
(The)

7.88%

(c) 03/15/2034

40,028

43,000

#### Cheniere

#### Energy,

#### Inc.
5.65%

04/15/2034

44,283

180,000

#### Chord

#### Energy

#### Corp.
6.00%

(c) 10/01/2030

182,495

115,000

#### Chord

#### Energy

#### Corp.
6.75%

(c) 03/15/2033

118,803

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 55

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

190,000

#### CHS/Community

#### Health

#### Systems,

#### Inc.
6.00%

(c) 01/15/2029

188,025

85,000

#### Cipher

#### Compute

#### LLC
7.13%

(c) 11/15/2030

88,169

95,000

#### Citigroup,

#### Inc.

#### (5-year

#### CMT

#### T-Note

#### +

#### 2.89%)
6.88%

(f) 08/15/2030

95,732

190,000

#### Clarios

#### Global

#### LP
6.75%

(c) 02/15/2030

194,409

300,000

#### Clarios

#### Global

#### LP
6.75%

(c) 09/15/2032

302,589

65,000

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.
7.50%

(c) 06/01/2029

65,312

205,000

#### Clear

#### Channel

#### Outdoor

#### Holdings,

#### Inc.
7.13%

(c) 02/15/2031

214,903

50,000

#### Cloud

#### Software

#### Group,

#### Inc.
9.00%

(c) 09/30/2029

48,281

160,000

#### Cloud

#### Software

#### Group,

#### Inc.
6.63%

(c) 08/15/2033

142,397

80,000

#### Clydesdale

#### Acquisition

#### Holdings,

#### Inc.
6.75%

(c) 04/15/2032

75,787

94,000

#### CMS

#### Energy

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.96%)
6.50%

06/01/2055

95,740

52,000

#### CNH

#### Industrial

#### Capital

#### LLC
4.38%

03/07/2031

50,842

75,000

#### CNX

#### Midstream

#### Partners

#### LP
4.75%

(c) 04/15/2030

71,357

140,000

#### CNX

#### Resources

#### Corp.
5.88%

(c) 03/01/2034

136,442

250,000

#### Columbus

#### McKinnon

#### Corp.
7.13%

(c) 02/01/2033

250,119

85,000

#### CoreWeave,

#### Inc.
9.25%

(c) 06/01/2030

82,672

35,000

#### Crescent

#### Energy

#### Finance

#### LLC
7.88%

(c) 04/15/2032

35,784

235,000

#### Dcli

#### Bidco

#### LLC
7.75%

(c) 11/15/2029

237,831

580,000

#### Dealer

#### Tire

#### LLC
8.00%

(c) 02/01/2028

567,462

39,000

#### Dell

#### International

#### LLC
5.10%

02/15/2036

38,149

176,000

#### Directv

#### Financing

#### LLC
5.88%

(c) 08/15/2027

175,923

180,000

#### Directv

#### Financing

#### LLC
8.88%

(c) 02/01/2030

179,824

115,000

#### Discovery

#### Global

#### Holdings,

#### Inc.
4.05%

03/15/2029

111,334

45,000

#### Discovery

#### Global

#### Holdings,

#### Inc.
4.28%

03/15/2032

39,881

80,000

#### Discovery

#### Global

#### Holdings,

#### Inc.
5.05%

03/15/2042

52,905

225,000

#### DISH

#### DBS

#### Corp.
5.75%

(c) 12/01/2028

217,754

165,000

#### DISH

#### DBS

#### Corp.
5.13%

06/01/2029

147,635

276,000

#### Dornoch

#### Debt

#### Merger

#### Sub,

#### Inc.
6.63%

(c) 10/15/2029

246,669

84,000

#### EchoStar

#### Corp.
10.75%

11/30/2029

90,793

190,000

#### Ellucian

#### Holdings,

#### Inc.
6.50%

(c) 12/01/2029

186,060

205,000

#### EMRLD

#### Borrower

#### LP
6.63%

(c) 12/15/2030

208,753

185,000

#### Energizer

#### Holdings,

#### Inc.
6.00%

(c) 09/15/2033

173,490

77,000

#### Energy

#### Transfer

#### LP

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 5.31%)
7.13%

(f) 05/15/2030

78,575

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

72,000

#### Entergy

#### Corp.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.67%)
7.13%

12/01/2054

73,818

98,000

#### Essential

#### Properties

#### LP
5.40%

12/01/2035

96,521

64,000

#### Extra

#### Space

#### Storage

#### LP
5.40%

06/15/2035

64,323

8,000

#### Fedex

#### Freight

#### Holding

#### Co.,

#### Inc.
4.95%

(c) 03/15/2033

7,805

116,000

#### Fertitta

#### Entertainment

#### LLC
6.75%

(c) 01/15/2030

108,439

69,000

#### Fiserv,

#### Inc.
4.55%

02/15/2031

67,594

125,000

#### Flash

#### Compute

#### LLC
7.25%

(c) 12/31/2030

126,005

40,000

#### Flex

#### Ltd.
5.25%

01/15/2032

40,174

63,000

#### Florida

#### Gas

#### Transmission

#### Co.

#### LLC
5.75%

(c) 07/15/2035

64,669

115,000

#### Freedom

#### Mortgage

#### Holdings

#### LLC
8.38%

(c) 04/01/2032

113,244

85,000

#### Full

#### House

#### Resorts,

#### Inc.
8.25%

(c) 02/15/2028

77,563

31,000

#### Gabx

#### Leasing

#### LLC
4.63%

(c) 04/15/2031

30,569

92,000

#### General

#### Motors

#### Financial

#### Co.,

#### Inc.
4.60%

01/08/2031

90,711

290,000

#### Genesee

#### &

#### Wyoming,

#### Inc.
6.25%

(c) 04/15/2032

293,828

170,000

#### Getty

#### Images,

#### Inc.
10.50%

(c) 11/15/2030

152,622

285,000

#### GFL

#### Environmental

#### Holdings

#### US,

#### Inc.
5.50%

(c) 02/01/2034

279,883

40,000

#### Global

#### Payments,

#### Inc.
5.20%

11/15/2032

38,851

86,000

#### GLP

#### Capital

#### LP
5.63%

03/01/2036

83,723

150,000

#### Goat

#### Holdco

#### LLC
6.75%

(c) 02/01/2032

151,049

90,000

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.46%)
6.85%

(f) 02/10/2030

91,794

62,000

#### Goldman

#### Sachs

#### Group,

#### Inc.
(The)

#### (SOFR

#### +

#### 1.55%)
5.33%

07/23/2035

62,231

280,000

#### Graham

#### Holdings

#### Co.
5.63%

(c) 12/01/2033

274,995

75,000

#### Gray

#### Media,

#### Inc.
9.63%

(c) 07/15/2032

75,065

115,000

#### Gray

#### Media,

#### Inc.
7.25%

(c) 08/15/2033

115,970

295,000

#### Griffon

#### Corp.
5.75%

03/01/2028

294,602

179,000

#### Gulfport

#### Energy

#### Operating

#### Corp.
6.75%

(c) 09/01/2029

183,291

70,000

#### Herc

#### Holdings,

#### Inc.
7.00%

(c) 06/15/2030

71,826

35,000

#### Herc

#### Holdings,

#### Inc.
5.75%

(c) 03/15/2031

34,502

135,000

#### Herc

#### Holdings,

#### Inc.
6.00%

(c) 03/15/2034

130,651

110,000

#### Hightower

#### Holding

#### LLC
6.75%

(c) 04/15/2029

108,096

130,000

#### Hilcorp

#### Energy

#### I

#### LP
7.25%

(c) 02/15/2035

129,704

145,000

#### Hilton

#### Domestic

#### Operating

#### Co.,

#### Inc.
5.75%

(c) 09/15/2033

144,460

92,000

#### HUB

#### International

#### Ltd.
7.25%

(c) 06/15/2030

94,298

30,000

#### Huntington

#### Bancshares,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.17%)
2.49%

08/15/2036

25,769

#### 56

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

35,000

#### Icahn

#### Enterprises

#### LP
5.25%

05/15/2027

34,325

67,000

#### Illumina,

#### Inc.
4.75%

12/12/2030

66,713

280,000

#### Installed

#### Building

#### Products,

#### Inc.
5.63%

(c) 02/01/2034

273,923

19,000

#### Jabil,

#### Inc.
4.75%

02/01/2033

18,509

90,000

#### JBS

#### NV
5.50%

01/15/2036

90,098

40,000

#### JetBlue

#### Airways

#### Corp.
9.88%

(c) 09/20/2031

37,857

195,000

#### Kodiak

#### Gas

#### Services

#### LLC
6.50%

(c) 10/01/2033

197,241

135,000

#### Kodiak

#### Gas

#### Services

#### LLC
6.75%

(c) 10/01/2035

137,249

250,000

#### Lamar

#### Media

#### Corp.
5.38%

(c) 11/01/2033

244,902

225,000

#### Level

#### 3

#### Financing,

#### Inc.
6.88%

(c) 06/30/2033

229,300

500,000

#### Life

#### Time,

#### Inc.
6.00%

(c) 11/15/2031

504,229

110,000

#### LifePoint

#### Health,

#### Inc.
8.38%

(c) 02/15/2032

117,551

104,000

#### LifePoint

#### Health,

#### Inc.
10.00%

(c) 06/01/2032

106,338

135,000

#### Light

#### &

#### Wonder

#### International,

#### Inc.
6.25%

(c) 10/01/2033

132,363

100,000

#### Lindblad

#### Expeditions

#### LLC
7.00%

(c) 09/15/2030

102,160

245,000

#### Madison

#### IAQ

#### LLC
5.88%

(c) 06/30/2029

240,427

41,000

#### Marriott

#### International,

#### Inc.
4.50%

10/15/2031

40,539

62,000

#### MasTec,

#### Inc.
5.90%

06/15/2029

64,082

100,000

#### Matador

#### Resources

#### Co.
6.50%

(c) 04/15/2032

101,162

85,000

#### Matador

#### Resources

#### Co.
6.00%

(c) 04/15/2034

84,514

75,000

#### Mativ

#### Holdings,

#### Inc.
8.00%

(c) 10/01/2029

69,947

16,000

#### Mattel,

#### Inc.
5.00%

11/17/2030

15,907

110,000

#### McGraw-Hill

#### Education,

#### Inc.
7.38%

(c) 09/01/2031

112,366

136,000

#### Medline

#### Borrower

#### LP
5.25%

(c) 10/01/2029

134,885

92,000

#### MetLife,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.08%)
6.35%

03/15/2055

93,400

90,000

#### Michaels

#### Cos.,

#### Inc.
(The)

8.50%

(c) 03/15/2033

87,709

85,000

#### Midwest

#### Gaming

#### Borrower

#### LLC
4.88%

(c) 05/01/2029

82,481

115,000

#### Miter

#### Brands

#### Acquisition

#### Holdco,

#### Inc.
6.75%

(c) 04/01/2032

110,213

63,000

#### Motorola

#### Solutions,

#### Inc.
5.20%

08/15/2032

63,924

215,000

#### Nabors

#### Industries,

#### Inc.
9.13%

(c) 01/31/2030

225,871

130,000

#### Nabors

#### Industries,

#### Inc.
7.63%

(c) 11/15/2032

133,157

50,000

#### NCL

#### Corp.

#### Ltd.
5.88%

(c) 01/15/2031

48,608

50,000

#### NCL

#### Corp.

#### Ltd.
6.25%

(c) 09/15/2033

48,552

70,000

#### Neptune

#### Bidco

#### US,

#### Inc.
10.38%

(c) 05/15/2031

70,694

75,000

#### Newell

#### Brands,

#### Inc.
6.38%

05/15/2030

72,053

210,000

#### Nexstar

#### Media,

#### Inc.
6.50%

(c) 09/15/2033

211,727

45,000

#### Nexstar

#### Media,

#### Inc.
7.25%

(c) 04/15/2034

45,182

30,000

#### NGL

#### Energy

#### Operating

#### LLC
8.13%

(c) 02/15/2029

30,924

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

82,000

#### NiSource,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.45%)
6.95%

11/30/2054

84,379

90,000

#### Nissan

#### Motor

#### Acceptance

#### Co.

#### LLC
6.13%

(c) 09/30/2030

86,572

35,000

#### Novelis

#### Corp.
6.88%

(c) 01/30/2030

35,331

100,000

#### NRG

#### Energy,

#### Inc.
6.00%

(c) 02/01/2033

100,090

100,000

#### OAK-Eagle

#### Acquireco,

#### Inc.
7.25%

(c) 07/01/2033

103,675

55,000

#### OAK-Eagle

#### Acquireco,

#### Inc.
8.75%

(c) 07/01/2034

57,615

70,000

#### Olin

#### Corp.
6.63%

(c) 04/01/2033

68,563

84,000

#### Omega

#### Healthcare

#### Investors,

#### Inc.
3.25%

04/15/2033

73,972

100,000

#### OneMain

#### Finance

#### Corp.
6.13%

05/15/2030

97,853

89,000

#### OneMain

#### Finance

#### Corp.
7.50%

05/15/2031

89,532

135,000

#### OneMain

#### Finance

#### Corp.
6.50%

03/15/2033

129,173

179,000

#### Panther

#### Escrow

#### Issuer

#### LLC
7.13%

(c) 06/01/2031

179,692

165,000

#### Park

#### Intermediate

#### Holdings

#### LLC
7.00%

(c) 02/01/2030

167,128

62,000

#### Paychex,

#### Inc.
5.35%

04/15/2032

62,341

85,000

#### Penn

#### Entertainment,

#### Inc.
6.75%

(c) 04/01/2031

82,649

320,000

#### PennyMac

#### Financial

#### Services,

#### Inc.
6.88%

(c) 05/15/2032

309,126

105,000

#### Performance

#### Food

#### Group,

#### Inc.
5.63%

(c) 03/01/2034

101,388

250,000

#### PetSmart

#### LLC
7.50%

(c) 09/15/2032

251,404

78,000

#### PSEG

#### Power

#### LLC
5.20%

(c) 05/15/2030

79,242

70,000

#### Qnity

#### Electronics,

#### Inc.
6.25%

(c) 08/15/2033

70,867

72,000

#### Qorvo,

#### Inc.
3.38%

(c) 04/01/2031

65,170

240,000

#### Quikrete

#### Holdings,

#### Inc.
6.75%

(c) 03/01/2033

243,940

350,000

#### QXO

#### Building

#### Products,

#### Inc.
6.75%

(c) 04/30/2032

357,303

140,000

#### Radiology

#### Partners,

#### Inc.
8.50%

(c) 07/15/2032

142,117

220,000

#### RHP

#### Hotel

#### Properties

#### LP
6.50%

(c) 06/15/2033

224,177

85,000

#### RHP

#### Hotel

#### Properties

#### LP
5.75%

(c) 03/15/2034

83,950

195,000

#### Rivers

#### Enterprise

#### Borrower

#### LLC
6.25%

(c) 10/15/2030

194,622

305,000

#### Rivers

#### Enterprise

#### Borrower

#### LLC
6.63%

(c) 02/01/2033

303,003

70,000

#### Rocket

#### Cos.,

#### Inc.
6.13%

(c) 08/01/2030

70,689

70,000

#### Rocket

#### Cos.,

#### Inc.
6.38%

(c) 08/01/2033

70,840

63,000

#### Rollins,

#### Inc.
5.25%

02/24/2035

62,988

61,000

#### Royal

#### Caribbean

#### Cruises

#### Ltd.
5.38%

01/15/2036

59,954

55,000

#### Sabra

#### Health

#### Care

#### LP
3.20%

12/01/2031

49,686

63,000

#### Sabre

#### GLBL,

#### Inc.
10.75%

(c) 11/15/2029

53,865

47,000

#### Sabre

#### GLBL,

#### Inc.
10.75%

(c) 03/15/2030

39,753

75,000

#### Select

#### Medical

#### Corp.
6.25%

(c) 12/01/2032

71,552

210,000

#### Sirius

#### XM

#### Radio

#### LLC
5.50%

(c) 07/01/2029

209,433

80,000

#### Sirius

#### XM

#### Radio

#### LLC
5.88%

(c) 04/15/2032

79,549

65,000

#### SM

#### Energy

#### Co.
7.00%

(c) 08/01/2032

66,420

280,000

#### Solstice

#### Advanced

#### Materials,

#### Inc.
5.63%

(c) 09/30/2033

276,369

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 57

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

92,000

#### Southern

#### Co.
(The)

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 2.07%)
6.38%

03/15/2055

94,662

20,000

#### Spirit

#### AeroSystems,

#### Inc.
4.60%

06/15/2028

20,020

90,000

#### Standard

#### Building

#### Solutions,

#### Inc.
6.50%

(c) 08/15/2032

90,126

75,000

#### Standard

#### Building

#### Solutions,

#### Inc.
5.88%

(c) 03/15/2034

72,393

185,000

#### Staples,

#### Inc.
10.75%

(c) 09/01/2029

171,234

155,000

#### Starwood

#### Property

#### Trust,

#### Inc.
5.25%

(c) 10/15/2028

153,333

55,000

#### Store

#### Capital

#### LLC
4.95%

(c) 02/11/2031

54,548

255,000

#### SV

#### RNO

#### Property

#### Owner

#### 1

#### LLC
5.88%

(c) 03/01/2031

252,217

80,000

#### Talen

#### Energy

#### Supply

#### LLC
6.25%

(c) 02/01/2034

79,165

65,000

#### Tallgrass

#### Energy

#### Partners

#### LP
7.38%

(c) 02/15/2029

66,907

105,000

#### Tallgrass

#### Energy

#### Partners

#### LP
6.75%

(c) 03/15/2034

105,596

100,000

#### Taylor

#### Morrison

#### Communities,

#### Inc.
5.75%

(c) 11/15/2032

100,206

120,000

#### Tenet

#### Healthcare

#### Corp.
5.50%

(c) 11/15/2032

118,976

120,000

#### Tenet

#### Healthcare

#### Corp.
6.00%

(c) 11/15/2033

121,516

57,000

#### Textron,

#### Inc.
5.50%

05/15/2035

58,014

40,000

#### T-Mobile

#### USA,

#### Inc.
4.63%

01/15/2033

39,287

90,000

#### TransDigm,

#### Inc.
6.88%

(c) 12/15/2030

92,276

130,000

#### TransDigm,

#### Inc.
6.38%

(c) 05/31/2033

129,410

60,000

#### TransDigm,

#### Inc.
6.25%

(c) 01/31/2034

60,711

60,000

#### TransDigm,

#### Inc.
6.75%

(c) 01/31/2034

60,831

264,000

#### UKG,

#### Inc.
6.88%

(c) 02/01/2031

258,237

21,000

#### United

#### Airlines

#### Holdings,

#### Inc.
4.88%

03/01/2029

20,592

271,000

#### United

#### Airlines

#### Holdings,

#### Inc.
5.38%

03/01/2031

265,734

51,000

#### United

#### Airlines,

#### Inc.
4.63%

(c) 04/15/2029

50,071

223,000

#### United

#### Natural

#### Foods,

#### Inc.
6.75%

(c) 10/15/2028

223,382

245,000

#### United

#### Rentals

#### North

#### America,

#### Inc.
5.38%

(c) 11/15/2033

238,490

60,000

#### Uniti

#### Group

#### LP
8.63%

(c) 06/15/2032

61,152

85,000

#### Uniti

#### Services

#### LLC
7.50%

(c) 10/15/2033

88,431

200,000

#### Univision

#### Communications,

#### Inc.
7.38%

(c) 06/30/2030

196,119

190,000

#### US

#### Foods,

#### Inc.
5.75%

(c) 04/15/2033

189,341

85,000

#### Vail

#### Resorts,

#### Inc.
6.50%

(c) 05/15/2032

86,007

140,000

#### Venture

#### Global

#### LNG,

#### Inc.
8.38%

(c) 06/01/2031

145,669

83,000

#### Venture

#### Global

#### LNG,

#### Inc.
9.88%

(c) 02/01/2032

89,182

55,000

#### Venture

#### Global

#### Plaquemines

#### LNG

#### LLC
6.13%

(c) 12/15/2030

56,593

110,000

#### Venture

#### Global

#### Plaquemines

#### LNG

#### LLC
7.50%

(c) 05/01/2033

120,977

85,000

#### Venture

#### Global

#### Plaquemines

#### LNG

#### LLC
6.50%

(c) 01/15/2034

88,662

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

195,000

#### Veritiv

#### Operating

#### Co.
10.50%

(c) 11/30/2030

202,897

40,000

#### Verizon

#### Communications,

#### Inc.
4.75%

01/15/2033

39,520

116,000

#### Vertiv

#### Group

#### Corp.
4.13%

(c) 11/15/2028

114,314

37,000

#### VICI

#### Properties

#### LP
5.13%

05/15/2032

36,479

589,000

#### Victra

#### Holdings

#### LLC
8.75%

(c) 09/15/2029

611,778

660,000

#### Viking

#### Cruises

#### Ltd.
5.88%

(c) 10/15/2033

652,098

43,000

#### Viper

#### Energy

#### Partners

#### LLC
4.90%

08/01/2030

43,052

91,000

#### Vistra

#### Operations

#### Co.

#### LLC
4.38%

(c) 05/01/2029

88,891

140,000

#### Voyager

#### Parent

#### LLC
9.25%

(c) 07/01/2032

145,437

107,000

#### VSP

#### Optical

#### Group,

#### Inc.
5.45%

(c) 12/01/2035

104,930

79,000

#### VT

#### Topco,

#### Inc.
8.50%

(c) 08/15/2030

80,388

175,000

#### Walker

#### &

#### Dunlop,

#### Inc.
6.63%

(c) 04/01/2033

171,236

544,000

#### Wand

#### NewCo

#### 3,

#### Inc.
7.63%

(c) 01/30/2032

556,529

340,000

#### Watco

#### Cos.

#### LLC
7.13%

(c) 08/01/2032

349,518

260,000

#### Wayfair

#### LLC
7.25%

(c) 10/31/2029

265,577

70,000

#### Wayfair

#### LLC
6.75%

(c) 11/15/2032

70,587

165,000

#### WBI

#### Operating

#### LLC
6.50%

(c) 10/15/2033

163,854

180,000

#### Weatherford

#### International

#### Ltd.
6.75%

(c) 10/15/2033

184,035

87,000

#### WEC

#### Energy

#### Group,

#### Inc.

#### (US

#### Treasury

#### Yield

#### Curve

#### Rate

#### T

#### Note

#### Constant

#### Maturity

#### 5

#### Year

#### +

#### 1.91%)
5.63%

05/15/2056

85,348

87,000

#### Wells

#### Fargo

#### &

#### Co.

#### (SOFR

#### +

#### 1.50%)
5.15%

04/23/2031

88,503

405,000

#### WESCO

#### Distribution,

#### Inc.
6.38%

(c) 03/15/2033

412,947

75,000

#### WESCO

#### Distribution,

#### Inc.
5.50%

(c) 04/15/2034

74,051

26,000

#### Western

#### Midstream

#### Operating

#### LP
5.50%

12/15/2035

25,584

95,000

#### Whirlpool

#### Corp.
6.50%

06/15/2033

90,120

12,000

#### Willis

#### North

#### America,

#### Inc.
4.55%

03/15/2031

11,834

55,000

#### Windstream

#### Services

#### LLC
8.25%

(c) 10/01/2031

57,521

206,000

#### WR

#### Grace

#### Holdings

#### LLC
5.63%

(c) 08/15/2029

189,661

269,000

#### XHR

#### LP
6.63%

(c) 05/15/2030

271,920

100,000

#### XPO,

#### Inc.
7.13%

(c) 06/01/2031

103,072

#### Total

#### U.S.

#### Corporate

#### Bonds

#### (Cost

#### $32,969,046)

#### 32,737,919

#### SHORT

#### TERM

#### INVESTMENTS

#### 6.2%
5,045,607

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(g) 5,045,607

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $5,045,607)

#### 5,045,607

#### Total

#### Investments

#### 100.9%

#### (Cost

#### $83,152,198)

#### 82,670,147

#### Liabilities

#### in

#### Excess

#### of

#### Other

#### Assets

#### (0.9)%

#### (733,224)

#### NET

#### ASSETS

#### 100.0%

#### $81,936,923

#### 58

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

(a) #### Represents

#### less

#### than

#### 0.05%

#### of

#### net

#### assets.
(b) #### Value

#### determined

#### using

#### significant

#### unobservable

#### inputs.
(c) #### 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.

#### At

#### March

#### 31,

#### 2026,

#### the

#### value

#### of

#### these

#### securities

#### amounted

#### to

#### approximately

#### $56,936,598

#### or

#### 69.49%

#### of

#### net

#### assets.
(d) #### 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.
(e) #### Interest

#### only

#### security.
(f) #### Perpetual

#### maturity.

#### The

#### date

#### disclosed

#### is

#### the

#### next

#### call

#### date

#### of

#### the

#### security.
(g) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### 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.

#### Abbreviations:

#### FHLMC

#### Federal

#### Home

#### Loan

#### Mortgage

#### Corporation

#### SOFR

#### Secured

#### Overnight

#### Financing

#### Rate

#### STACR

#### Structured

#### Agency

#### Credit

#### Risk

#### REMIC

#### Real

#### Estate

#### Mortgage

#### Investment

#### Conduit

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF
(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 59

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

#### ASSET-BACKED

#### OBLIGATIONS

#### 98.3%

#### Aaset

#### MT-1

#### Ltd.

#### ,
946,357

Series

2025-2A-A

5.52%

(a) 02/16/2050

940,109

980,566

Series

2025-3A-B

5.73%

(a) 02/16/2050

967,998

#### Aaset

#### Trust

#### ,
568,080

Series

2021-2A-A

2.80%

(a) 01/15/2047

536,638

637,572

Series

2021-2A-B

3.54%

(a) 01/15/2047

606,388

598,619

Series

2024-1A-B

6.90%

(a) 05/16/2049

602,742

#### AB

#### Issuer

#### LLC

#### ,
703,803

Series

2021-1-A2

3.73%

(a) 07/30/2051

670,833

#### Affirm

#### Asset

#### Securitization

#### Trust

#### ,
1,500,000

Series

2024-B-A

4.62%

(a) 09/15/2029

1,503,108

127,697

Series

2025-X2-A

4.45%

(a) 10/15/2030

127,805

#### Ally

#### Auto

#### Receivables

#### Trust

#### ,
819,657

Series

2022-3-A4

5.07%

10/16/2028

820,423

#### ALTDE

#### Trust

#### ,
925,681

Series

2025-1A-B

6.53%

(a) 08/15/2050

924,323

#### APL

#### Finance

#### DAC

#### ,
950,000

Series

2025-1A-B

5.28%

(a) 03/20/2036

936,447

#### AutoNation

#### Finance

#### Trust

#### ,
750,000

Series

2025-1A-C

5.19%

(a) 12/10/2030

761,022

700,000

Series

2025-1A-D

5.63%

(a) 09/10/2032

709,301

#### Avant

#### Loans

#### Funding

#### Trust

#### ,
275,000

Series

2025-REV1-B

5.42%

(a) 05/15/2034

275,777

#### BHG

#### Securitization

#### Trust

#### ,
23,715

Series

2022-A-B

2.70%

(a) 02/20/2035

23,686

#### Blackbird

#### Capital

#### II

#### Aircraft

#### Lease

#### Ltd.

#### ,
1,074,818

Series

2021-1A-A

2.44%

(a) 07/15/2046

1,020,247

348,564

Series

2021-1A-B

3.45%

(a) 07/15/2046

330,077

#### Bojangles

#### Issuer

#### LLC

#### ,
920,375

Series

2024-1A-A2

6.58%

(a) 11/20/2054

926,695

#### Bridgecrest

#### Lending

#### Auto

#### Securitization

#### Trust

#### ,
2,076,565

Series

2025-1-A3

4.67%

08/15/2028

2,079,551

#### Carvana

#### Auto

#### Receivables

#### Trust

#### ,
457,245

Series

2021-N1-E

2.88%

(a) 01/10/2028

454,749

1,553,000

Series

2021-P2-C

1.60%

06/10/2027

1,541,720

144,595

Series

2021-P4-A4

1.64%

12/10/2027

143,847

1,568,234

Series

2022-P1-A4

3.52%

02/10/2028

1,566,008

#### Castlelake

#### Aircraft

#### Structured

#### Trust

#### ,
1,372,700

Series

2025-1A-B

6.50%

(a) 02/15/2050

1,387,385

1,500,000

Series

2026-1A-B

5.76%

(a) 03/15/2051

1,478,883

#### Cherry

#### Securitization

#### Trust

#### ,
1,500,000

Series

2024-1A-A

5.70%

(a) 04/15/2032

1,506,828

#### Cloud

#### Capital

#### Holdco

#### LP

#### ,
1,000,000

Series

2024-1A-A3

6.07%

(a) 11/22/2049

994,423

#### Clsec

#### Holdings

#### LLC

#### ,
1,545,383

Series

2021-1-A

2.87%

(a) 05/11/2037

1,451,793

#### Compass

#### Datacenters

#### Issuer

#### II

#### LLC

#### ,
1,000,000

Series

2024-1A-A2

5.75%

(a) 02/25/2049

1,003,581

250,000

Series

2024-2A-B2

6.00%

(a) 08/25/2049

249,499

#### CPS

#### Auto

#### Receivables

#### Trust

#### ,
56,388

Series

2022-A-D

2.84%

(a) 04/16/2029

56,242

500,000

Series

2022-A-E

4.88%

(a) 04/16/2029

500,355

1,000,000

Series

2024-D-C

4.76%

(a) 01/15/2031

1,001,406

#### CyrusOne

#### Data

#### Centers

#### Issuer

#### I

#### LLC

#### ,
1,000,000

Series

2024-3A-A2

4.65%

(a) 05/20/2049

951,755

#### DataBank

#### Issuer

#### ,
500,000

Series

2023-1A-A2

5.12%

(a) 02/25/2053

497,446

#### DataBank

#### Issuer

#### II

#### LLC

#### ,
500,000

Series

2025-1A-B

5.67%

(a) 09/27/2055

481,850

#### DB

#### Master

#### Finance

#### LLC

#### ,
287,250

Series

2021-1A-A23

2.79%

(a) 11/20/2051

254,652

#### Dividend

#### Solar

#### Loans

#### LLC

#### ,
911,812

Series

2018-1-B

4.29%

(a) 07/20/2038

862,029

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

359,450

Series

2018-2-B

4.25%

(a) 12/20/2038

338,211

252,496

Series

2019-1-A

3.67%

(a) 08/22/2039

235,328

#### Domino's

#### Pizza

#### Master

#### Issuer

#### LLC

#### ,
500,000

Series

2025-1A-A2II

5.22%

(a) 07/25/2055

498,595

#### EDI

#### ABS

#### Issuer

#### LLC

#### ,
1,000,000

Series

2025-1A-B

4.55%

(a) 07/25/2055

926,609

#### EWC

#### Master

#### Issuer

#### LLC

#### ,
2,165,625

Series

2022-1A-A2

5.50%

(a) 03/15/2052

2,150,138

#### Foundation

#### Finance

#### Trust

#### ,
632,799

Series

2023-1A-B

6.27%

(a) 12/15/2043

648,754

#### GBX

#### Leasing

#### LLC

#### ,
999,000

Series

2026-1A-A

5.13%

(a) 02/20/2056

995,220

#### Gilead

#### Aviation

#### LLC

#### ,
949,909

Series

2025-1A-A

5.79%

(a) 03/15/2050

950,511

#### Global

#### SC

#### Finance

#### VII

#### Srl

#### ,
102,710

Series

2020-2A-A

2.26%

(a) 11/19/2040

98,856

#### GM

#### Financial

#### Consumer

#### Automobile

#### Receivables

#### Trust

#### ,
837,000

Series

2022-4-A4

4.88%

08/16/2028

839,237

#### Goodgreen

#### Trust

#### ,
50,774

Series

2017-2A-A

3.26%

(a) 10/15/2053

46,244

147,472

Series

2021-1A-A

2.66%

(a) 10/15/2056

122,654

#### GoodLeap

#### Home

#### Improvement

#### Solutions

#### Trust

#### ,
923,373

Series

2025-1A-B

6.27%

(a) 02/20/2049

940,098

#### GoodLeap

#### Sustainable

#### Home

#### Solutions

#### Trust

#### ,
60,499

Series

2021-3CS-A

2.10%

(a) 05/20/2048

46,990

#### GreenSky

#### Home

#### Improvement

#### Issuer

#### Trust

#### ,
975,000

Series

2025-1A-D

6.22%

(a) 03/25/2060

981,584

2,106,450

Series

2025-3A-A3

4.52%

(a) 12/27/2060

2,105,318

#### Hardee's

#### Funding

#### LLC

#### ,
947,500

Series

2020-1A-A2

3.98%

(a) 12/20/2050

912,981

#### Hilton

#### Grand

#### Vacations

#### Trust

#### ,
1,799,469

Series

2025-3EXT-B

4.90%

(a) 10/25/2044

1,789,447

#### Horizon

#### Aircraft

#### Finance

#### IV

#### Ltd.

#### ,
693,750

Series

2024-1-A

5.38%

(a) 09/15/2049

689,031

#### Jack

#### in

#### the

#### Box

#### Funding

#### LLC

#### ,
184,000

Series

2022-1A-A2II

4.14%

(a) 02/26/2052

157,622

#### JGWPT

#### XXVII

#### LLC

#### ,
1,154,863

Series

2012-3A-A

3.22%

(a) 09/15/2065

1,052,574

#### Labrador

#### Aviation

#### Finance

#### Ltd.

#### ,
128,158

Series

2016-1A-A1

4.30%

(a) 01/15/2042

131,779

#### Loanpal

#### Solar

#### Loan

#### Ltd.

#### ,
176,870

Series

2020-2GF-A

2.75%

(a) 07/20/2047

147,529

563,995

Series

2021-2GS-A

2.22%

(a) 03/20/2048

445,498

#### Lunar

#### Structured

#### Aircraft

#### Portfolio

#### Notes

#### ,
351,050

Series

2021-1-A

2.64%

(a) 10/15/2046

332,188

1,568,675

Series

2021-1-B

3.43%

(a) 10/15/2046

1,493,457

#### MACH

#### 1

#### Cayman

#### Ltd.

#### ,
21,544

Series

2019-1-B

4.34%

(a) 10/15/2039

21,392

#### MAPS

#### Trust

#### ,
1,975,756

Series

2026-1A-B

6.13%

(a) 01/15/2051

1,968,985

#### Mariner

#### Finance

#### Issuance

#### Trust

#### ,
720,000

Series

2021-AA-D

3.83%

(a) 03/20/2036

695,615

#### MAST

#### Ltd.

#### ,
1,491,071

Series

2026-1A-A

5.13%

(a) 02/15/2051

1,459,649

#### MetroNet

#### Infrastructure

#### Issuer

#### LLC

#### ,
1,250,000

Series

2026-1A-A2

5.27%

(a) 04/20/2056

1,257,177

#### Mill

#### City

#### Solar

#### Loan

#### Ltd.

#### ,
1,395,182

Series

2019-1A-A

4.34%

(a) 03/20/2043

1,308,363

#### Mosaic

#### Solar

#### Loan

#### Trust

#### ,
305,316

Series

2020-1A-A

2.10%

(a) 04/20/2046

269,693

108,439

Series

2021-3A-B

1.92%

(a) 06/20/2052

78,524

1,088,263

Series

2023-1A-A

5.32%

(a) 06/20/2053

1,009,547

#### MP

#### LLC

#### ,
989,470

Series

2025-1A-A

5.55%

(a) 11/15/2065

983,152

#### 60

#### DoubleLine

#### ETF

#### Trust

#### Schedule

#### of

#### Investments

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF
(Cont.)

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

#### Navient

#### Private

#### Education

#### Refi

#### Loan

#### Trust

#### ,
1,500,000

Series

2020-BA-B

2.77%

(a) 01/15/2069

1,308,949

125,000

Series

2020-HA-B

2.78%

(a) 01/15/2069

108,765

#### Navigator

#### Aircraft

#### ABS

#### Ltd.

#### ,
417,629

Series

2021-1-A

2.77%

(a)(b) 11/15/2046

396,104

854,062

Series

2021-1-B

3.57%

(a)(b) 11/15/2046

814,913

#### Navigator

#### Aviation

#### Ltd.

#### ,
1,108,631

Series

2024-1-B

6.09%

(a) 08/15/2049

1,114,977

976,046

Series

2025-1-B

5.89%

(a) 10/15/2050

955,374

#### Pagaya

#### AI

#### Debt

#### Grantor

#### Trust

#### ,
549,577

Series

2024-5-C

7.27%

(a) 10/15/2031

550,883

458,780

Series

2024-6-C

7.07%

(a) 11/15/2031

459,486

#### Phantom

#### Aviation

#### ,
1,494,513

Series

2026-1A-B

6.03%

(a) 01/15/2051

1,508,302

#### PK

#### Alift

#### Loan

#### Funding

#### 8

#### LP

#### ,
1,750,000

Series

2026-1-D

5.60%

(a) 09/15/2043

1,724,117

#### Planet

#### Fitness

#### Master

#### Issuer

#### LLC

#### ,
1,000,000

Series

2025-1A-A2II

5.65%

(a) 12/06/2055

989,142

#### Primrose

#### Funding

#### LLC

#### ,
796,000

Series

2025-1A-A2

6.46%

(a) 07/30/2055

810,628

#### QTS

#### Issuer

#### ABS

#### I

#### LLC

#### ,
1,750,000

Series

2025-1A-B

5.93%

(a) 05/25/2055

1,715,203

#### QTS

#### Issuer

#### ABS

#### II

#### LLC

#### ,
1,500,000

Series

2025-1A-B

5.78%

(a) 10/05/2055

1,454,705

1,000,000

Series

2026-1A-B

6.73%

(a) 01/05/2056

992,721

#### RCKT

#### Trust

#### ,
2,661,367

Series

2025-1A-A

4.90%

(a) 07/25/2034

2,667,202

#### Redaptive

#### Eaas

#### Issuer

#### LLC

#### ,
708,890

Series

2025-1A-A

5.94%

(a) 03/25/2042

708,562

#### Retained

#### Vantage

#### Data

#### Centers

#### Issuer

#### LLC

#### ,
1,000,000

Series

2024-1A-B

5.78%

(a) 09/15/2049

971,708

#### Sabey

#### Data

#### Center

#### Issuer

#### LLC

#### ,
1,000,000

Series

2022-1-A2

5.00%

(a) 06/20/2047

984,631

1,500,000

Series

2025-2-A2

5.97%

(a) 04/20/2050

1,517,996

#### Santander

#### Drive

#### Auto

#### Receivables

#### Trust

#### ,
61,361

Series

2023-5-A3

6.02%

09/15/2028

61,401

#### Scalelogix

#### Abs

#### Us

#### Issuer

#### LLC

#### ,
1,250,000

Series

2025-1A-B

6.16%

(a) 07/25/2055

1,231,325

#### Sierra

#### Timeshare

#### Receivables

#### Funding

#### LLC

#### ,
279,681

Series

2023-2A-B

6.28%

(a) 04/20/2040

286,048

#### SoFi

#### Consumer

#### Loan

#### Program

#### Trust

#### ,
1,250,000

Series

2025-1-C

5.42%

(a) 02/27/2034

1,266,051

1,250,000

Series

2025-1-D

5.72%

(a) 02/27/2034

1,265,047

750,000

Series

2025-3-C

5.04%

(a) 08/15/2034

744,916

3,000,000

Series

2026-1-B

4.44%

(a) 12/26/2035

2,983,465

#### SSI

#### ABS

#### Issuer

#### LLC

#### ,
482,205

Series

2025-1-A

6.15%

(a) 07/25/2065

479,062

#### Stellantis

#### Financial

#### Underwritten

#### Enhanced

#### Lease

#### Trust

#### ,
2,500,000

Series

2025-CA-C

4.44%

(a) 08/20/2030

2,483,348

#### Subway

#### Funding

#### LLC

#### ,
987,500

Series

2024-1A-A23

6.51%

(a) 07/30/2054

990,790

#### Switch

#### ABS

#### Issuer

#### LLC

#### ,
1,000,000

Series

2025-1A-B

6.49%

(a) 03/25/2055

981,939

1,300,000

Series

2026-1A-A21

5.61%

(a) 03/27/2056

1,302,941

#### Textainer

#### Marine

#### Containers

#### VII

#### Ltd.

#### ,
104,305

Series

2020-1A-A

2.73%

(a) 08/21/2045

100,641

#### TRP

#### LLC

#### ,
100,000

Series

2021-1-B

3.06%

(a) 06/19/2051

96,987

#### Upgrade

#### Master

#### Pass-Thru

#### Trust

#### ,
808,121

Series

2025-ST2-A

6.11%

(a) 06/15/2032

814,577

#### Upstart

#### Securitization

#### Trust

#### ,
11,249

Series

2023-3-A

6.90%

(a) 10/20/2033

11,261

1,000,000

Series

2025-2-C

6.02%

(a) 06/20/2035

1,010,156

2,204,061

Series

2025-3-A2

4.60%

(a) 09/20/2035

2,204,714

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

1,500,000

Series

2025-3-B

5.02%

(a) 09/20/2035

1,501,841

1,500,000

Series

2025-3-C

5.43%

(a) 09/20/2035

1,494,021

4,950,000

Series

2025-4-A2

4.56%

(a) 11/20/2035

4,952,284

#### Vantage

#### Data

#### Centers

#### Issuer

#### LLC

#### ,
1,500,000

Series

2025-2A-A2

5.24%

(a) 11/15/2055

1,479,882

1,300,000

Series

2025-3A-B

6.00%

(a) 11/15/2055

1,261,736

#### VB-S1

#### Issuer

#### LLC

#### -

#### VBTEL

#### ,
245,000

Series

2024-1A-C2

5.59%

(a) 05/15/2054

246,857

#### Vital

#### Care

#### Issuer

#### LLC

#### ,
750,000

Series

2025-1A-A2

6.74%

(a) 01/30/2056

755,017

#### Wendy's

#### Funding

#### LLC

#### ,
361,947

Series

2021-1A-A2II

2.78%

(a) 06/15/2051

320,233

962,253

Series

2022-1A-A2II

4.54%

(a) 03/15/2052

919,167

#### Westlake

#### Automobile

#### Receivables

#### Trust

#### ,
1,361,027

Series

2022-2A-D

5.48%

(a) 09/15/2027

1,364,240

500,000

Series

2025-2A-D

5.08%

(a) 05/15/2031

500,147

#### Willis

#### Engine

#### Structured

#### Trust

#### VI

#### ,
465,011

Series

2021-A-A

3.10%

(a) 05/15/2046

436,896

#### Total

#### Asset-Backed

#### Obligations

#### (Cost

#### $114,726,245)

#### 114,577,529

#### NON-AGENCY

#### COMMERCIAL

#### MORTGAGE-BACKED

#### OBLIGATIONS

#### 0.8%

#### Neighborly

#### Issuer

#### ,
1,013,760

Series

2022-1A-A2

3.70%

(a) 01/30/2052

956,541

#### Total

#### Non-Agency

#### Commercial

#### Mortgage-Backed

#### Obligations

#### (Cost

#### $939,687)

#### 956,541

#### SHORT

#### TERM

#### INVESTMENTS

#### 0.7%
791,567

#### JPMorgan

#### U.S.

#### Government

#### Money

#### Market

#### Fund

#### -

#### Class

#### IM
3.60%

(c) 791,567

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $791,567)

#### 791,567

#### Total

#### Investments

#### 99.8%

#### (Cost

#### $116,457,499)

#### 116,325,637

#### Other

#### Assets

#### in

#### Excess

#### of

#### Liabilities

#### 0.2%

#### 253,757

#### NET

#### ASSETS

#### 100.0%

#### $116,579,394

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 61

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(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.

#### At

#### March

#### 31,

#### 2026,

#### the

#### value

#### of

#### these

#### securities

#### amounted

#### to

#### approximately

#### $108,481,883

#### or

#### 93.05%

#### of

#### net

#### assets.
(b) #### 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.
(c) #### Seven-day

#### yield

#### as

#### of

#### period

#### end.

#### Statements

#### of

#### Assets

#### and

#### Liabilities

#### 62

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF

#### DoubleLine

#### Mortgage

#### ETF

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### ASSETS
Investments

in

Unaffiliated

Securities,

at

Value\*

$

656,588,060

$

259,873,612

$

393,756,684

$

784,240,008

$

—

Investments

in

Affiliated

Securities,

at

Value\*

35,081,447

—

—

—

—

Short

Term

Investments\*

22,988,988

680,605

23,247,365

28,809,420

34,546,434

Cash

413,787

—

—

550,006

—

Deposit

at

Broker

for

Futures

Contracts

3,582,970

—

—

3,532,760

—

Net

Unrealized

Appreciation

on

Swaps

—

—

—

—

137,451

Receivable

for

Variation

Margin

on

Futures

Contracts

341,171

—

—

296,036

—

Receivable

for

Investments

Sold

908,802

—

—

167,707,416

—

Interest

and

Dividends

Receivable

4,171,417

324,734

1,911,474

3,598,845

11,455

Net

Unrealized

Appreciation

on

Unfunded

Loan

Commitments

—

—

—

—

Total

Assets

724,076,745

260,878,951

418,915,523

988,734,491

34,695,340

#### LIABILITIES
Payable

for

Investments

Purchased

11,541,200

—

12,809,690

293,820,117

Advisory

Fees

Payable

247,383

147,887

122,397

230,961

18,312

Due

to

Custodian

—

—

51,156

—

Total

Liabilities

11,788,583

147,887

12,983,243

294,051,078

18,327

Commitments

and

Contingencies

(See

Notes

2)

Net

Assets

$

712,288,162

$

260,731,064

$

405,932,280

$

694,683,413

$

34,677,013

#### NET

#### ASSETS

#### CONSISTS

#### OF:
Paid-In

Capital

$

718,770,886

$

253,510,850

$

402,411,977

$

692,355,975

$

27,827,429

Total

Distributable

Earnings

(Loss)

(6,482,724)

7,220,214

3,520,303

2,327,438

6,849,584

Net

Assets

$

712,288,162

$

260,731,064

$

405,932,280

$

694,683,413

$

34,677,013

\*Identified

Cost:

Investments

in

Unaffiliated

Securities

$

655,679,102

$

266,801,631

$

392,011,771

$

784,533,224

$

—

Investments

in

Affiliated

Securities

$

36,152,000

$

—

$

—

$

—

$

—

Short

Term

Investments

22,988,988

680,605

23,247,365

28,809,420

34,545,417

#### Shares

#### Outstanding

#### and

#### Net

#### Asset

#### Value

#### Per

#### Share:
Shares

Outstanding

(unlimited

number

of

shares

authorized

$

0.001 par

value)

15,561,000

8,442,000

7,820,001

14,060,001

1,040,001

Net

Asset

Value

Per

Share

$

45.77 $

30.88 $

51.91 $

49.41 $

33.34 #### Statements

#### of

#### Assets

#### and

#### Liabilities
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 63

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF

#### ASSETS
Investments

in

Unaffiliated

Securities,

at

Value\*

$

27,213,282

$

77,624,540

$

115,534,070

Short

Term

Investments\*

64,505

5,045,607

791,567

Cash

69,517

Receivable

for

Investments

Sold

—

850,902

—

Interest

and

Dividends

Receivable

23,845

829,809

291,962

Net

Unrealized

Appreciation

on

Unfunded

Loan

Commitments

—

—

Total

Assets

27,301,633

84,420,440

116,617,600

#### LIABILITIES
Advisory

Fees

Payable

4,506

32,898

38,206

Payable

for

Investments

Purchased

—

2,450,619

—

Total

Liabilities

4,506

2,483,517

38,206

Commitments

and

Contingencies

(See

Notes

2)

Net

Assets

$

27,297,127

$

81,936,923

$

116,579,394

#### NET

#### ASSETS

#### CONSISTS

#### OF:
Paid-In

Capital

$

25,857,658

$

82,201,436

$

116,257,111

Total

Distributable

Earnings

(Loss)

1,439,469

(264,513)

322,283

Net

Assets

$

27,297,127

$

81,936,923

$

116,579,394

\*Identified

Cost:

Investments

in

Unaffiliated

Securities

$

26,726,110

$

78,106,591

$

115,665,932

Short

Term

Investments

64,505

5,045,607

791,567

#### Shares

#### Outstanding

#### and

#### Net

#### Asset

#### Value

#### Per

#### Share:
Shares

Outstanding

(unlimited

number

of

shares

authorized

$

0.001 par

value)

840,001

1,640,001

2,300,001

Net

Asset

Value

Per

Share

$

32.50 $

49.96 $

50.69 #### Statements

#### of

#### Operations

#### 64

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF

#### DoubleLine

#### Mortgage

#### ETF

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### INVESTMENT

#### INCOME
Income:

Interest

$

15,105,961

$

—

$

8,276,699

$

17,387,944

$

446,783

Dividends

from

Affiliated

Securities

627,170

—

—

—

—

Dividends

from

Unaffiliated

Securities

1,013

3,283,790

374,656

309,916

39,056

Foreign

taxes

withheld

(12)

—

—

—

(828)

Total

Investment

Income

15,734,132

3,283,790

8,651,355

17,697,860

485,011

Expenses:

Advisory

Fees

1,396,320

1,022,931

660,294

1,259,731

83,256

Total

Expenses

1,396,320

1,022,931

660,294

1,259,731

83,256

Less:

Fees

Waived

(83,331)

—

—

—

—

Net

Expenses

1,312,989

1,022,931

660,294

1,259,731

83,256

#### Net

#### Investment

#### Income
(Loss)

14,421,143

2,260,859

7,991,061

16,438,129

401,755

#### REALIZED

#### &

#### UNREALIZED

#### GAIN
(LOSS)

#### ON

#### INVESTMENTS
Net

Realized

Gain

(Loss)

on:

Investments

in

Unaffiliated

Securities

722,998

636,149

155,219

842,767

Foreign

Currency

663

—

—

—

—

In-kind

redemptions

on

investments

in

securities

—

13,912,753

266,632

—

—

TBA

sales

commitments

—

—

—

329,530

—

Futures

contracts

273,811

—

—

1,738,182

—

Swap

contracts

—

—

—

—

6,686,129

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on:

Investments

in

Unaffiliated

Securities

(7,766,565)

(26,939,513)

(1,894,988)

(6,857,134)

—

Investments

in

Affiliates

Securities

(1,209,291)

—

—

—

—

Short

Term

Investments

—

—

—

—

(1,202)

Unfunded

Loan

Commitments

—

—

—

—

TBA

sales

commitments

—

—

—

(5,169)

—

Futures

contracts

(4,022,046)

—

—

(1,020,776)

—

Swap

contracts

—

—

—

—

251,171

Net

Realized

and

Unrealized

Gain

(Loss)

on

Investments

(12,000,408)

(12,390,611)

(1,473,137)

(4,972,600)

6,936,573

#### NET

#### INCREASE
(DECREASE)

#### IN

#### NET

#### ASSETS

#### RESULTING

#### FROM

#### OPERATIONS
$

2,420,735

$

(10,129,752)

$

6,517,924

$

11,465,529

$

7,338,328

#### Statements

#### of

#### Operations
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 65

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF

#### INVESTMENT

#### INCOME
Income:

Interest

$

—

$

2,037,935

$

2,364,979

Dividends

from

Unaffiliated

Securities

209,096

84,559

86,162

Foreign

taxes

withheld

—

(12)

—

Total

Investment

Income

209,096

2,122,482

2,451,141

Expenses:

Advisory

Fees

22,102

161,940

181,232

Total

Expenses

22,102

161,940

181,232

Net

Expenses

22,102

161,940

181,232

#### Net

#### Investment

#### Income
(Loss)

186,994

1,960,542

2,269,909

#### REALIZED

#### &

#### UNREALIZED

#### GAIN
(LOSS)

#### ON

#### INVESTMENTS
Net

Realized

Gain

(Loss)

on:

Investments

in

Unaffiliated

Securities

(279,211)

(15,261)

7,436

Foreign

Currency

—

—

In-kind

redemptions

on

investments

in

securities

1,540,012

—

—

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on:

Investments

in

Unaffiliated

Securities

(541,101)

(1,047,561)

(895,419)

Unfunded

Loan

Commitments

—

—

Net

Realized

and

Unrealized

Gain

(Loss)

on

Investments

719,700

(1,062,410)

(887,983)

#### NET

#### INCREASE
(DECREASE)

#### IN

#### NET

#### ASSETS

#### RESULTING

#### FROM

#### OPERATIONS
$

906,694

$

898,132

$

1,381,926

#### Statements

#### of

#### Changes

#### in

#### Net

#### Assets

#### 66

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### OPERATIONS
Net

Investment

Income

(Loss)

$

14,421,143

$

21,426,021

$

2,260,859

$

4,715,017

Net

Realized

Gain

(Loss)

on

Investments

997,472

(1,955,854)

14,548,902

54,731,214

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on

Investments

(12,997,880)

(421,926)

(26,939,513)

(20,775,899)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

2,420,735

19,048,241

(10,129,752)

38,670,332

#### DISTRIBUTIONS

#### TO

#### SHAREHOLDERS
Distributable

Earnings

(14,109,946)

(20,563,092)

(2,701,353)

(4,529,438)

Total

Distributions

to

Shareholders

(14,109,946)

(20,563,092)

(2,701,353)

(4,529,438)

#### NET

#### SHARE

#### TRANSACTIONS
(a) Proceeds

from

Shares

Issued

165,316,532

232,665,058

56,405,901

102,023,143

Cost

of Shares

Redeemed

—

(11,012,296)

(113,793,853)

(214,590,559)

Increase

(Decrease)

in

Net

Assets

Resulting

from

Net

Share

Transactions

165,316,532

221,652,762

(57,387,952)

(112,567,416)

#### Total

#### Increase
(Decrease)

#### in

#### Net

#### Assets
$

153,627,321

$

220,137,911

$

(70,219,057)

$

(78,426,522)

#### NET

#### ASSETS
Beginning

of

Period

$

558,660,841

$

338,522,930

$

330,950,121

$

409,376,643

End

of

Period

$

712,288,162

$

558,660,841

$

260,731,064

$

330,950,121

#### SHARE

#### TRANSACTIONS
Beginning

of Period

12,001,000

7,161,000

10,162,000

13,802,000

Shares

Issued

2,280,000

1,600,000

1,640,000

3,000,000

Shares

Issued

In-Kind

1,280,000

3,480,000

80,000

240,000

Shares

Redeemed

In-Kind

—

(240,000)

(3,440,000)

(6,880,000)

Shares

Outstanding,

End

of Period

15,561,000

12,001,000

8,442,000

10,162,000

(a) *Capital* 

*transactions* 

*may* 

*include* 

*transaction* 

*fees* 

*associated* 

*with* 

*Creation* 

*and* 

*Redemption* 

*transactions* 

*which* 

*occurred* 

*during* 

*the* 

*period.* 

*See* 

*Note* 

*6* 

*to* 

*the* 

*Financial* 

*Statements.*

#### Statements

#### of

#### Changes

#### in

#### Net

#### Assets
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 67

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF

#### DoubleLine

#### Mortgage

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### OPERATIONS
Net

Investment

Income

(Loss)

$

7,991,061

$

13,255,755

$

16,438,129

$

20,579,600

Net

Realized

Gain

(Loss)

on

Investments

421,851

49,315

2,910,479

(1,965,552)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on

Investments

(1,894,988)

1,305,063

(7,883,079)

638,383

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

6,517,924

14,610,133

11,465,529

19,252,431

#### DISTRIBUTIONS

#### TO

#### SHAREHOLDERS
Distributable

Earnings

(7,906,315)

(12,973,259)

(15,831,131)

(19,959,697)

Total

Distributions

to

Shareholders

(7,906,315)

(12,973,259)

(15,831,131)

(19,959,697)

#### NET

#### SHARE

#### TRANSACTIONS
(a) Proceeds

from

Shares

Issued

117,574,017

123,065,799

165,445,339

229,991,953

Cost

of Shares

Redeemed

(28,161,105)

(19,625,724)

—

(29,973,151)

Increase

(Decrease)

in

Net

Assets

Resulting

from

Net

Share

Transactions

89,412,912

103,440,075

165,445,339

200,018,802

#### Total

#### Increase
(Decrease)

#### in

#### Net

#### Assets
$

88,024,521

$

105,076,949

$

161,079,737

$

199,311,536

#### NET

#### ASSETS
Beginning

of

Period

$

317,907,759

$

212,830,810

$

533,603,676

$

334,292,140

End

of

Period

$

405,932,280

$

317,907,759

$

694,683,413

$

533,603,676

#### SHARE

#### TRANSACTIONS
Beginning

of Period

6,100,001

4,100,001

10,740,001

6,640,001

Shares

Issued

2,260,000

2,380,000

3,320,000

4,520,000

Shares

Issued

In-Kind

—

—

—

200,000

Shares

Redeemed

—

(340,000)

—

(620,000)

Shares

Redeemed

In-Kind

(540,000)

(40,000)

—

—

Shares

Outstanding,

End

of Period

7,820,001

6,100,001

14,060,001

10,740,001

(a) *Capital* 

*transactions* 

*may* 

*include* 

*transaction* 

*fees* 

*associated* 

*with* 

*Creation* 

*and* 

*Redemption* 

*transactions* 

*which* 

*occurred* 

*during* 

*the* 

*period.* 

*See* 

*Note* 

*6* 

*to* 

*the* 

*Financial* 

*Statements.*

#### Statements

#### of

#### Changes

#### in

#### Net

#### Assets
(Cont.)

#### 68

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
(Unaudited)

March

31,

2026

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### OPERATIONS
Net

Investment

Income

(Loss)

$

401,755

$

812,735

$

186,994

$

248,279

Net

Realized

Gain

(Loss)

on

Investments

6,686,604

910,881

1,260,801

1,491,743

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on

Investments

249,969

10,781

(541,101)

(123,978)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

7,338,328

1,734,397

906,694

1,616,044

#### DISTRIBUTIONS

#### TO

#### SHAREHOLDERS
Distributable

Earnings

(881,595)

(357,427)

(150,536)

(233,439)

Total

Distributions

to

Shareholders

(881,595)

(357,427)

(150,536)

(233,439)

#### NET

#### SHARE

#### TRANSACTIONS
(a) Proceeds

from

Shares

Issued

6,637,217

16,699,725

13,449,827

10,409,760

Cost

of Shares

Redeemed

—

(13,684,322)

(3,897,594)

(8,732,816)

Increase

(Decrease)

in

Net

Assets

Resulting

from

Net

Share

Transactions

6,637,217

3,015,403

9,552,233

1,676,944

#### Total

#### Increase
(Decrease)

#### in

#### Net

#### Assets
$

13,093,950

$

4,392,373

$

10,308,391

$

3,059,549

#### NET

#### ASSETS
Beginning

of

Period

$

21,583,063

$

17,190,690

$

16,988,736

$

13,929,187

End

of

Period

$

34,677,013

$

21,583,063

$

27,297,127

$

16,988,736

#### SHARE

#### TRANSACTIONS
Beginning

of Period

800,001

680,001

540,001

480,001

Shares

Issued

240,000

640,000

—

—

Shares

Issued

In-Kind

—

—

420,000

360,000

Shares

Redeemed

—

(520,000)

—

—

Shares

Redeemed

In-Kind

—

—

(120,000)

(300,000)

Shares

Outstanding,

End

of Period

1,040,001

800,001

840,001

540,001

(a) *Capital* 

*transactions* 

*may* 

*include* 

*transaction* 

*fees* 

*associated* 

*with* 

*Creation* 

*and* 

*Redemption* 

*transactions* 

*which* 

*occurred* 

*during* 

*the* 

*period.* 

*See* 

*Note* 

*6* 

*to* 

*the* 

*Financial* 

*Statements.*

#### Statements

#### of

#### Changes

#### in

#### Net

#### Assets
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 69

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Period

#### Ended

#### September

#### 30,

#### 2025
(a) #### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Period

#### Ended

#### September

#### 30,

#### 2025
(b) #### OPERATIONS
Net

Investment

Income

(Loss)

$

1,960,542

$

1,902,327

$

2,269,909

$

1,488,846

Net

Realized

Gain

(Loss)

on

Investments

(14,870)

(136,581)

7,436

(34,162)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on

Investments

(1,047,540)

565,554

(895,419)

763,557

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

898,132

2,331,300

1,381,926

2,218,241

#### DISTRIBUTIONS

#### TO

#### SHAREHOLDERS
Distributable

Earnings

(1,867,650)

(1,626,295)

(2,063,690)

(1,214,194)

Total

Distributions

to

Shareholders

(1,867,650)

(1,626,295)

(2,063,690)

(1,214,194)

#### NET

#### SHARE

#### TRANSACTIONS
(c) Proceeds

from

Shares

Issued

29,260,465

52,940,971

43,815,648

76,430,199

Cost

of Shares

Redeemed

—

—

—

(3,988,736)

Increase

(Decrease)

in

Net

Assets

Resulting

from

Net

Share

Transactions

29,260,465

52,940,971

43,815,648

72,441,463

#### Total

#### Increase
(Decrease)

#### in

#### Net

#### Assets
$

28,290,947

$

53,645,976

$

43,133,884

$

73,445,510

#### NET

#### ASSETS
Beginning

of

Period

$

53,645,976

$

—

$

73,445,510

$

—

End

of

Period

$

81,936,923

$

53,645,976

$

116,579,394

$

73,445,510

#### SHARE

#### TRANSACTIONS
Beginning

of Period

1,060,001

—

1,440,001

—

Shares

Issued

140,000

720,001

860,000

1,520,001

Shares

Issued

In-Kind

440,000

340,000

—

—

Shares

Redeemed

—

—

—

(80,000)

Shares

Outstanding,

End

of Period

1,640,001

1,060,001

2,300,001

1,440,001

(a) *Commenced* 

*operations* 

*on* 

*November* 

*29,* 

2024. (b) *Commenced* 

*operations* 

*on* 

*February* 

*28,* 

2025. (c) *Capital* 

*transactions* 

*may* 

*include* 

*transaction* 

*fees* 

*associated* 

*with* 

*Creation* 

*and* 

*Redemption* 

*transactions* 

*which* 

*occurred* 

*during* 

*the* 

*period.* 

*See* 

*Note* 

*6* 

*to* 

*the* 

*Financial* 

*Statements.*

#### Financial

#### Highlights

#### 70

#### DoubleLine

#### ETF

#### Trust
March

31,

2026

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Year

#### Ended

#### September

#### 30,

#### 2024

#### Year

#### Ended

#### September

#### 30,

#### 2023

#### Period

#### Ended

#### September

#### 30,

#### 2022
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

46.55 $

47.27 $

44.14 $

45.61 $

50.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 1.07 2.29 2.37 2.08 0.82 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

(0.77)

(0.76)

3.09 (1.65)

(4.59)

Total

from

Investment

Operations

0.30 1.53 5.46 0.43 (3.77)

#### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(1.08)

(2.25)

(2.33)

(1.90)

(0.62)

Total

Distributions

(1.08)

(2.25)

(2.33)

(1.90)

(0.62)

Net

Asset

Value,

End

of

Period

$

45.77 $

46.55 $

47.27 $

44.14 $

45.61 Total

Return

(c) 0.63%

3.41%

12.76%

(d) 0.84%

(d) (7.60)%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

712,288

$

558,661

$

338,523

$

188,077

$

46,572

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

Before

Advisory

Fees

Waived

0.45%

0.46%

0.50%

0.50%

0.50%

Expenses

After

Advisory

Fees

Waived

(e) 0.42%

0.46%

0.50%

0.50%

0.50%

Net

Investment

Income

(Loss)

(e) 4.64%

5.00%

5.20%

4.55%

3.38%

Portfolio

Turnover

Rate

(c)(f) 25%

39%

142%

169%

183%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*March* 

*31,* 

2022. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *The* 

*return* 

*includes* 

*adjustments* 

*in* 

*accordance* 

*with* 

*generally* 

*accepted* 

*accounting* 

*principles* 

*required* 

*at* 

*period* 

*end* 

*date.*

(e) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(f) *In-kind* 

*transactions* 

*are* 

*not* 

*included* 

*in* 

*portfolio* 

*turnover* 

*calculations.*

#### Financial

#### Highlights
(Cont.)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 71

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Year

#### Ended

#### September

#### 30,

#### 2024

#### Year

#### Ended

#### September

#### 30,

#### 2023

#### Period

#### Ended

#### September

#### 30,

#### 2022
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

32.57 $

29.66 $

23.70 $

20.01 $

25.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 0.23 0.43 0.36 0.25 0.14 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

(1.66)

2.88 5.92 3.65 (5.07)

Total

from

Investment

Operations

(1.43)

3.31 6.28 3.90 (4.93)

#### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(0.26)

(0.40)

(0.32)

(0.21)

(0.06)

Total

Distributions

(0.26)

(0.40)

(0.32)

(0.21)

(0.06)

Net

Asset

Value,

End

of

Period

$

30.88 $

32.57 $

29.66 $

23.70 $

20.01 Total

Return

(c) (4.39)%

11.23%

26.70%

19.54%

(19.72)%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

260,731

$

330,950

$

409,377

$

283,446

$

128,899

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.65%

0.65%

0.65%

0.65%

0.65%

Net

Investment

Income

(Loss)

(d) 1.44%

1.39%

1.32%

1.08%

1.30%

Portfolio

Turnover

Rate

(c)(e) 215%

255%

290%

217%

175%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*March* 

*31,* 

2022. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(e) *In-kind* 

*transactions* 

*are* 

*not* 

*included* 

*in* 

*portfolio* 

*turnover* 

*calculations.*

#### Financial

#### Highlights
(Cont.)

#### 72

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
March

31,

2026

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Year

#### Ended

#### September

#### 30,

#### 2024

#### Period

#### Ended

#### September

#### 30,

#### 2023
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

52.12 $

51.91 $

50.36 $

50.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 1.22 2.63 2.90 1.35 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

(0.21)

0.20 1.35 (0.01)

Total

from

Investment

Operations

1.01 2.83 4.25 1.34 #### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(1.22)

(2.60)

(2.70)

(0.98)

Distributions

from

Net

Realized

Gain

—

(0.02)

—

—

Total

Distributions

(1.22)

(2.62)

(2.70)

(0.98)

Net

Asset

Value,

End

of

Period

$

51.91 $

52.12 $

51.91 $

50.36 Total

Return

(c) 1.98%

5.60%

8.70%

2.69%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

405,932

$

317,908

$

212,831

$

60,438

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.39%

0.39%

0.39%

0.39%

Net

Investment

Income

(Loss)

(d) 4.71%

5.08%

5.68%

5.33%

Portfolio

Turnover

Rate

(c)(e) 44%

66%

74%

36%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*March* 

*31,* 

2023. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(e) *In-kind* 

*transactions* 

*are* 

*not* 

*included* 

*in* 

*portfolio* 

*turnover* 

*calculations.*

#### Financial

#### Highlights
(Cont.)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 73

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Mortgage

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Year

#### Ended

#### September

#### 30,

#### 2024

#### Period

#### Ended

#### September

#### 30,

#### 2023
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

49.68 $

50.35 $

46.96 $

50.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 1.26 2.49 2.38 1.04 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

(0.29)

(0.68)

3.23 (3.35)

Total

from

Investment

Operations

0.97 1.81 5.61 (2.31)

#### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(1.24)

(2.48)

(2.22)

(0.73)

Total

Distributions

(1.24)

(2.48)

(2.22)

(0.73)

Net

Asset

Value,

End

of

Period

$

49.41 $

49.68 $

50.35 $

46.96 Total

Return

(c) 1.95%

3.82%

12.27%

(4.67)%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

694,683

$

533,604

$

334,292

$

98,615

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.39%

0.39%

0.48%

0.49%

Net

Investment

Income

(Loss)

(d) 5.07%

5.10%

4.90%

4.23%

Portfolio

Turnover

Rate

(c) 184%

247%

197%

31%

Portfolio

Turnover

Rate

excluding

Mortgage

Dollar

Rolls

(e) 48%

6%

55%

–%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*March* 

*31,* 

2023. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(e) *See* 

*Note* 

*2(J)* 

*regarding* 

*Mortgage* 

*Dollar* 

*Rolls.*

#### Financial

#### Highlights
(Cont.)

#### 74

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
March

31,

2026

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Period

#### Ended

#### September

#### 30,

#### 2024
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

26.98 $

25.28 $

25.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 0.44 0.97 0.79 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

6.88 1.14 (0.51)

Total

from

Investment

Operations

7.32 2.11 0.28 #### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(0.96)

(0.41)

—

Total

Distributions

(0.96)

(0.41)

—

Net

Asset

Value,

End

of

Period

$

33.34 $

26.98 $

25.28 Total

Return

(c) 28.09%

8.44%

1.12%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

34,677

$

21,583

$

17,191

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.65%

0.65%

0.65%

Net

Investment

Income

(Loss)

(d) 3.12%

3.73%

4.64%

Portfolio

Turnover

Rate

(c) 0%

82%

111%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*January* 

*31,* 

2024. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

#### Financial

#### Highlights
(Cont.)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 75

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Year

#### Ended

#### September

#### 30,

#### 2025

#### Period

#### Ended

#### September

#### 30,

#### 2024
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

31.46 $

29.02 $

25.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 0.27 0.49 0.31 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

1.02 2.42 3.91 Total

from

Investment

Operations

1.29 2.91 4.22 #### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(0.25)

(0.47)

(0.20)

Total

Distributions

(0.25)

(0.47)

(0.20)

Net

Asset

Value,

End

of

Period

$

32.50 $

31.46 $

29.02 Total

Return

(c) 4.11%

10.20%

16.93%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

27,297

$

16,989

$

13,929

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.20%

0.20%

0.20%

Net

Investment

Income

(Loss)

(d) 1.68%

1.69%

1.75%

Portfolio

Turnover

Rate

(c)(e) 8%

17%

12%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*January* 

*31,* 

2024. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(e) *In-kind* 

*transactions* 

*are* 

*not* 

*included* 

*in* 

*portfolio* 

*turnover* 

*calculations.*

#### Financial

#### Highlights
(Cont.)

#### 76

#### DoubleLine

#### ETF

#### Trust

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.
March

31,

2026

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Period

#### Ended

#### September

#### 30,

#### 2025
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

50.61 $

50.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 1.49 2.63 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

(0.67)

0.20 Total

from

Investment

Operations

0.82 2.83 #### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(1.47)

(2.22)

Total

Distributions

(1.47)

(2.22)

Net

Asset

Value,

End

of

Period

$

49.96 $

50.61 Total

Return

(c) 1.64%

5.81%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

81,937

$

53,646

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.49%

0.49%

Net

Investment

Income

(Loss)

(d) 5.91%

6.36%

Portfolio

Turnover

Rate

(c)(e) 29%

54%

(a) *Commenced* 

*operations* 

*on* 

*November* 

*29,* 

2024. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(e) *In-kind* 

*transactions* 

*are* 

*not* 

*included* 

*in* 

*portfolio* 

*turnover* 

*calculations.*

#### Financial

#### Highlights
(Cont.)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 77

#### The

#### accompanying

#### notes

#### are

#### an

#### integral

#### part

#### of

#### these

#### financial

#### statements.

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF

#### Period

#### Ended

#### March

#### 31,

#### 2026
(Unaudited)

#### Period

#### Ended

#### September

#### 30,

#### 2025
(a) #### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period
$

51.00 $

50.00 #### Income
(Loss)

#### from

#### Investment

#### Operations:
Net

Investment

Income

(Loss)

(b) 1.24 1.46 Net

Gain

(Loss)

on

Investments

(Realized

and

Unrealized)

(0.38)

0.68 Total

from

Investment

Operations

0.86 2.14 #### Less

#### Distributions:
Distributions

from

Net

Investment

Income

(1.17)

(1.14)

Total

Distributions

(1.17)

(1.14)

Net

Asset

Value,

End

of

Period

$

50.69 $

51.00 Total

Return

(c) 1.70%

4.35%

#### Supplemental

#### Data:
Net

Assets,

End

of

Period

(000's)

$

116,579

$

73,446

#### Ratios

#### to

#### Average

#### Net

#### Assets:
Expenses

(d) 0.39%

0.39%

Net

Investment

Income

(Loss)

(d) 4.87%

4.99%

Portfolio

Turnover

Rate

(c) 15%

31%

(a) *Commencement* 

*of* 

*operations* 

*on* 

*February* 

*28,* 

2025. *Total* 

*return* 

*is* 

*based* 

*on* 

*operations* 

*for* 

*a* 

*period* 

*that* 

*is* 

*less* 

*than* 

*a* 

*year.*

(b) *Calculated* 

*based* 

*on* 

*average* 

*shares* 

*outstanding* 

*during* 

*the* 

*period.*

(c) *Not* 

*annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

(d) *Annualized* 

*for* 

*periods* 

*less* 

*than* 

*one* 

*year.*

#### Notes

#### to

#### Financial

#### Statements

#### 78

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

1. Organization

DoubleLine

ETF

Trust,

a

Delaware

statutory

trust

(the

"Trust"),

was

formed

on

September

27,

2021

and

is

registered

with

the

Securities

and

Exchange

Commission

as

an

open-end

management

investment

company.

As

of

March

31,

2026,

the

Trust

consists

of

ten

series.

These

Financial

Statements

are

for

eight of

those

series

as

follows:

DoubleLine

Opportunistic

Core

Bond

ETF

(the

"Opportunistic

Core

Bond

ETF"),

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

(the

"Equities

ETF"),

DoubleLine

Commercial

Real

Estate

Debt

ETF

(the

"Commercial

Real

Estate

Debt

ETF")

(formerly

known

as

DoubleLine

Commercial

Real

Estate

ETF),

DoubleLine

Mortgage

ETF

(the

"Mortgage

ETF"),

DoubleLine

Commodity

Strategy

ETF

(the

"Commodity

Strategy

ETF"),

DoubleLine

Fortune

500

Equal

Weight

ETF

(the

"Fortune

500

ETF"),

DoubleLine

Multi-Sector

Income

ETF

(the

"Multi-Sector

Income

ETF"),

and

DoubleLine

Asset-Backed

Securities

ETF

(the

"Asset-Backed

Securities

ETF")

(each

a

"Fund"

and

collectively

the

"Funds"),

along

with

the

DoubleLine

Securitized

Credit

ETF

(the

"Securitized

Credit

ETF"). The

Opportunistic

Core

Bond

ETF,

Equities

ETF,

Commercial

Real

Estate

Debt

ETF,

Mortgage

ETF,

Fortune

500

ETF,

Multi-Sector

Income

ETF,

Asset-Backed

Securities

ETF, and

Securitized

Credit

ETF are

managed

by

DoubleLine

ETF

Adviser

LP,

and

the

Commodity

Strategy

ETF

is

managed

by

DoubleLine

Alternatives

LP

(each,

an

"Adviser"

and

collectively,

the

"Advisers"),

which

are

registered

as

an

investment

advisers

with

the

U.S.

Securities

and

Exchange

Commission.

Each

Fund

offers

one

class

of

shares.

For

financial

information

related

to

the

Securitized

Credit

ETF,

please

refer

to

the

Securitized

Credit

ETF's

separate

annual

report.&nbsp;&nbsp;&nbsp;&nbsp;

Each

Fund

is

classified

as

non-diversified

under

the

Investment

Company

Act

of

1940,

as

amended

(the

"1940

Act"),

except

the

Fortune

500

ETF,

which

is

classified

as

a

diversified

fund.

Currently

under

the

1940

Act,

a

diversified

fund

generally

may

not,

with

respect

to

75%

of

its

total

assets,

invest

more

than

5%

of

its

total

assets

in

the

securities

of

any

one

issuer

or

own

more

than

10%

of

the

outstanding

voting

securities

of

such

issuer

(except,

in

each

case,

U.S.

Government

securities,

cash,

cash

items

and

the

securities

of

other

investment

companies).

The

remaining

25%

of

a

fund's

total

assets

is

not

subject

to

this

limitation.

The

Funds'

investment

objectives

and

dates

each

Fund

commenced

operations

and

public

trading are

as

follows:

The

fiscal

year

end

for

the

Funds

is

September

30,

and

the

period

covered

by

these

Financial

Statements

is

for

the

period ended

March

31,

2026. 2. Significant

#### Accounting

#### Policies
Each Fund

is

an

investment

company

that

applies

the

accounting

and

reporting

guidance

issued

in

Topic

946,

Financial

Services

–

Investment

Companies,

by

the

Financial

Accounting

Standards

Board

("FASB").

The

following

is

a

summary

of

the

significant

accounting

policies

of

the

Funds.

These

policies

are

in

conformity

with

accounting

principles

generally

accepted

in

the

United

States

of

America

("US

GAAP").

A. Security

#### Valuation.
The

Funds

have

adopted

US

GAAP

fair

value

accounting

standards

which

establish

a

definition

of

fair

value

and

set

out

a

hierarchy

for

measuring

fair

value.

These

standards

require

additional

disclosures

about

the

various

inputs

and

valuation

#### Fund

#### Name

#### Investment

#### Objective

#### Commencement

#### of

#### Operations

#### Commencement

#### of

#### Public

#### Trading
DoubleLine

Opportunistic

Core

Bond

ETF

Seek

to

maximize

current

income

and

total

return

3/31/2022

4/5/2022

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

Seek

total

return

which

exceeds

the

total

return

of

the

S&P

500®

Index

3/31/2022

4/5/2022

DoubleLine

Commercial

Real

Estate

Debt

ETF

Seek

current

income

and

capital

preservation

and

as

a

secondary

objective,

seek

long-term

capital

appreciation

3/31/2023

4/4/2023

DoubleLine

Mortgage

ETF

Seek

total

return

(capital

appreciation

and

current

income)

which

exceeds

the

total

return

of

its

benchmark

index,

the

Bloomberg

U.S.

Mortgage-Backed

Securities

Index,

over

a

full

market

cycle

3/31/2023

4/4/2023

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

Seek

total

return

(capital

appreciation

and

current

income)

1/31/2024

2/1/2024

DoubleLine

Fortune

500

Equal

Weight

ETF

Seek

to

track

the

investment

results

(before

fees

and

expenses)

of

the

Barclays

Fortune

500

Equal

Weighted

Total

Return

Index

1/31/2024

2/1/2024

DoubleLine

Multi-Sector

Income

ETF

To

provide

income,

with

a

secondary

objective

of

capital

appreciation.

11/29/2024

12/3/2024

DoubleLine

Asset-Backed

Securities

ETF

Seek

long-term

total

return

while

striving

to

generate

current

income.

2/28/2025

3/4/2025

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 79
techniques

used

to

develop

the

measurements

of

fair

value

and

a

discussion

of

changes

in

valuation

techniques

and

related

inputs

during

the

period ended

March

31,

2026. These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

1—

Unadjusted

quoted

market

prices

in

active

markets

for

identical

securities

Level

2—

Quoted

prices

for

identical

or

similar

assets

in

markets

that

are

not

active,

or

inputs

derived

from

observable

market

data

Level

3—

Significant

unobservable

inputs

(including

the

reporting

entity's

estimates

and

assumptions)

Valuations for

domestic

and

foreign

fixed

income

securities

are

normally

determined

on

the

basis

of

evaluations

provided

by

independent

pricing

services.

Vendors

typically

value

such

securities

based

on

one

or

more

inputs

described

in

the

following

table

which

is

not

intended

to

be

a

complete

list.

The

table

provides

examples

of

inputs

that

are

commonly

relevant

for

valuing

particular

classes

of

fixed

income

securities

in

which

the

Funds

are

authorized

to

invest.

However,

these

classifications

are

not

exclusive,

and

any

of

the

inputs

may

be

used

to

value

any

other

class

of

fixed-income

securities.

Securities

that

use

similar

valuation

techniques

and

inputs

as

described

in

the

following

table

are

categorized

as

Level

of

the

fair

value

hierarchy.

To

the

extent

the

significant

inputs

are

unobservable,

the

values

generally

would

be

categorized

as

Level

3. Assets

and

liabilities

may

be

transferred

between

levels.

Investments

in

registered

open-end

management

investment

companies

will

be

valued

based

upon

the

net

asset

value

("NAV")

of

such

investments

and

are

categorized

as

Level

of

the

fair

value

hierarchy.

Common

stocks,

exchange-traded

funds

and

financial

derivative

instruments,

such

as

futures

contracts

or

options

contracts,

that

are

traded

on

a

national

securities

or

commodities

exchange,

are

typically

valued

at

the

last

reported

sales

price,

in

the

case

of

common

stocks

and

exchange-traded

funds,

or,

in

the

case

of

futures

contracts

or

options

contracts,

the

settlement

price

determined

by

the

relevant

exchange.

To

the

extent

these

securities

are

actively

traded

and

valuation

adjustments

are

not

applied,

they

are

categorized

as

Level

of

the

fair

value

hierarchy.

The

Funds'

holdings

in

whole

loans,

securitizations

and

certain

other

types

of

alternative

lending-related

instruments

may

be

valued

based

on

prices

provided

by

a

third-party

pricing

service.

Senior

secured

floating

rate

loans

for

which

an

active

secondary

market

exists

to

a

reliable

degree

will

be

valued

at

the

mean

of

the

last

available

bid/ask

prices

in

the

market

for

such

loans,

as

provided

by

an

independent

pricing

service.

Where

an

active

secondary

market

does

not

exist

to

a

reliable

degree

in

the

judgment

of

the

Adviser,

such

loans

will

be

valued

at

fair

value

based

on

certain

factors.

In

respect

of

certain

commercial

real

estate-related,

residential

real

estate-related

and

certain

other

investments

for

which

a

limited

market

may

exist,

the

Funds

may

value

such

investments

based

on

appraisals

conducted

by

an

independent

valuation

advisor

or

a

similar

pricing

agent.

However,

an

independent

valuation

firm

may

not

be

retained

to

undertake

an

evaluation

of

an

asset

unless

the

NAV,

market

price

and

other

aspects

of

an

investment

exceed

certain

significance

thresholds.

Over-the-counter

financial

derivative

instruments,

such

as

forward

currency

exchange

contracts,

options

contracts,

or

swap

agreements,

derive

their

values

from

underlying

asset

prices,

indices,

reference

rates,

other

inputs

or

a

combination

of

these

factors.

These

instruments

are

normally

valued

on

the

basis

of

valuations

obtained

from

counterparties,

published

index

closing

levels

or

evaluated

prices

supplied

by

independent

pricing

services,

some

or

all

of

which

may

be

based

on

market

data

from

trading

on

exchanges

that

closed

significantly

before

the

time

as

of

which

a Fund

calculates

its

NAV.

Forward

foreign

currency

contracts

are

generally

valued

based

on

rates

provided

by

independent

data

providers.

Exchange

traded

futures

and

options

on

futures

are

#### Fixed-income

#### class

#### Examples

#### of

#### Inputs
All

Benchmark

yields,

transactions,

bids,

offers,

quotations

from

dealers

and

trading

systems,

new

issues,

spreads

and

other

relationships

observed

in

the

markets

among

comparable

securities;

and

proprietary

pricing

models

such

as

yield

measures

calculated

using

factors

such

as

cash

flows,

financial

or

collateral

performance

and

other

reference

data

(collectively

referred

to

as

"standard

inputs")

Corporate

bonds

and

notes;

&nbsp;&nbsp;&nbsp;&nbsp;convertible

securities

Standard

inputs

and

underlying

equity

of

the

issuer

US

bonds

and

notes

of

government

and

&nbsp;&nbsp;&nbsp;&nbsp;government

agencies

Standard

inputs

Residential

and

commercial

mortgage-backed

obligations;

asset-backed

obligations

(including

collateralized

loan

obligations)

Standard

inputs

and

cash

flows,

prepayment

information,

default

rates,

delinquency

and

loss

assumptions,

collateral

characteristics,

credit

enhancements

and

specific

deal

information,

trustee

reports

Bank

loans

Standard

inputs

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 80

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

generally

valued

at

the

settlement

price

determined

by

the

relevant

exchange

on

which

they

principally

trade,

and

exchange

traded

options

are

generally

valued

at

the

last

trade

price

on

the

exchange

on

which

they

principally

trade. A

Fund

does

not

normally

take

into

account

trading,

clearances

or

settlements

that

take

place

after

the

close

of

the

principal

exchange

or

market

on

which

such

securities

are

traded.

Depending

on

the

instrument

and

the

terms

of

the

transaction,

the

value

of

the

derivative

instruments

can

be

estimated

by

a

pricing

service

provider

using

a

series

of

techniques,

such

as

simulation

pricing

models.

The

pricing

models

use

issuer

details

and

other

inputs

that

are

observed

from

actively

quoted

markets

such

as

indices,

spreads,

interest

rates,

curves,

dividends

and

exchange

rates.

Derivatives

that

use

similar

valuation

techniques

and

inputs

as

described

above

are

normally

categorized

as

Level

of

the

fair

value

hierarchy.

The

Board

of

Trustees

(the

"Board")

has

adopted

a

pricing

and

valuation

policy

for

use

by each

Fund

and

its

Valuation

Designee

(as

defined

below)

in

calculating each

Fund's

NAV.

Pursuant

to

Rule

2a-5

under

the

1940

Act, each

Fund

has

designated

its

Adviser

as

the

"Valuation

Designee"

to

perform

all

of

the

fair

value

determinations

as

well

as

to

perform

all

of

the

responsibilities

that

may

be

performed

by

the

Valuation

Designee

in

accordance

with

Rule

2a-5. Each Adviser,

as

the

Valuation

Designee,

is

authorized

to

make

all

necessary

determinations

of

the

fair

values

of

portfolio

securities

and

other

assets

for

which

market

quotations

are

not

readily

available

or

if

it

is

deemed

that

the

prices

obtained

from

brokers

and

dealers

or

independent

pricing

services

are

unreliable.

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

to

value

the

Funds'

investments

as

of

March

31,

2026:

#### Category

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF

#### DoubleLine

#### Mortgage

#### ETF

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### Investments

#### in

#### Securities
Level

Common

Stocks

$

—

$

259,854,556

$

—

$

—

$

—

Money

Market

Funds

22,988,988

680,605

23,247,365

28,809,420

1,882,162

Affiliated

Mutual

Funds

35,081,447

—

—

—

—

Total

Level

58,070,435

260,535,161

23,247,365

28,809,420

1,882,162

Level

U.S.

Government

and

Agency

Mortgage-

Backed

Obligations

152,148,136

—

58,002,632

647,785,416

—

Non-Agency

Commercial

Mortgage-Backed

Obligations

49,442,136

—

253,463,059

—

—

Non-Agency

Residential

Collateralized

Mortgage

Obligations

76,233,501

—

1,572,188

136,454,592

—

U.S.

Government

and

Agency

Obligations

124,551,246

—

—

—

—

Collateralized

Loan

Obligations

25,392,169

—

80,718,805

—

—

U.S.

Corporate

Bonds

95,346,856

—

—

—

—

Foreign

Corporate

Bonds

58,219,017

—

—

—

—

Asset-Backed

Obligations

54,174,858

—

—

—

—

Other

Short

Term

Investments

—

—

—

—

32,664,272

Bank

Loans

16,861,444

—

—

—

—

Foreign

Government

Bonds,

Foreign

Agencies

and

Foreign

Government

Sponsored

Corporations

4,205,731

—

—

—

—

Total

Level

656,575,094

—

393,756,684

784,240,008

32,664,272

Level

Common

Stocks

12,966

19,056

—

—

—

Total

Level

12,966

19,056

—

—

—

Total

$

714,658,495

$

260,554,217

$

417,004,049

$

813,049,428

$

34,546,434

#### Other

#### Financial

#### Instruments
Assets

Level

Futures

$

869,471

$

—

$

—

$

1,910,633

$

—

Level

Excess

Return

Swaps

—

—

—

—

137,451

Unfunded

Loan

Commitments

—

—

—

—

Total

Level

—

—

—

—

—

Level

—

—

—

—

—

Liabilities

Level

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 81
B. Federal

#### Income

#### Taxes.
Each

Fund

has

elected

to

be

taxed

as

a

"regulated

investment

company"

and

intends

to

distribute

substantially

all

of

its

taxable

income

to

its

shareholders

and

otherwise

comply

with

the

provisions

of

Subchapter

M

of

the

Internal

Revenue

Code

of

1986,

as

amended

(the

"Internal

Revenue

Code")

applicable

to

regulated

investment

companies.

Therefore,

no

provision

for

U.S.

federal

income

taxes

has

been

made.

The

Funds

may

be

subject

to

a

nondeductible

4%

excise

tax

calculated

as

a

percentage

of

certain

undistributed

amounts

of

net

investment

income

and

net

capital

gains.

The

Funds

adopted

FASB

Accounting

Standards

Update

2023-09,

Income

Taxes

(Topic

740)—Improvements

to

Income

Tax

Disclosures

("ASU

2023-09").

The

amendments

enhance

income

tax

disclosures

by

requiring

greater

disclosure

of

income

taxes

paid

by

jurisdiction.

During

the

period

ended

March 31,

2026,

the

Funds

did

not

pay

a

significant

amount

of

foreign

or

U.S.

federal,

state

or

local

income

taxes

and

therefore

did

not

include

any

additional

disclosures

in

these

financial

statements.

Management

has

analyzed

the

Funds'

tax

positions,

and

has

concluded

that

no

liability

should

be

recorded

related

to

uncertain

tax

positions

expected

to

be

taken

on

the

tax

return

for

the period. The

Funds

identify

their

major

tax

jurisdictions

as

U.S.

Federal,

#### Category
(continued)

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF
(continued)

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF
(continued)

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF
(continued)

#### DoubleLine

#### Mortgage

#### ETF
(continued)

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

(continued)

Futures

$

(4,412,683)

$

—

$

—

$

(3,159,016)

$

—

Level

Unfunded

Loan

Commitments

$

(9) $

—

$

—

$

—

$

—

Level

—

—

—

—

—

Total

$

(3,543,109)

$

—

$

—

$

(1,248,383)

$

137,451

#### Category

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF

#### DoubleLine

#### Asset-Backed

#### Securities

#### ETF

#### Investments

#### in

#### Securities
Level

Common

Stocks

$

27,211,642

$

—

$

—

Money

Market

Funds

64,505

5,045,607

791,567

Total

Level

27,276,147

5,045,607

791,567

Level

Asset-Backed

Obligations

—

2,197,628

114,577,529

U.S.

Corporate

Bonds

—

32,737,919

—

Non-Agency

Residential

Collateralized

Mortgage

Obligations

—

14,990,367

—

Bank

Loans

—

11,913,535

—

Non-Agency

Commercial

Mortgage-Backed

Obligations

—

8,032,189

956,541

Collateralized

Loan

Obligations

—

4,453,174

—

Foreign

Corporate

Bonds

—

3,285,579

—

Total

Level

—

77,610,391

115,534,070

Level

Common

Stocks

1,640

14,149

—

Total

Level

1,640

14,149

—

Total

$

27,277,787

$

82,670,147

$

116,325,637

#### Other

#### Financial

#### Instruments
Assets

Level

$

—

$

—

$

—

Level

Unfunded

Loan

Commitments

—

—

Level

—

—

—

Liabilities

Level

$

—

$

—

$

—

Level

Unfunded

Loan

Commitments

—

(8) —

Level

—

—

—

Total

$

—

$

$

—

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 82

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

the State

of

Florida and

the

State

of

Delaware.

The

Funds

are

not

aware

of

any

tax

positions

for

which

it

is

reasonably

possible

that

the

total

amounts

of

unrecognized

tax

benefits

will

significantly

change

in

the

next

twelve

months.

C. Security

#### Transactions,

#### Investment

#### Income.
Investment

securities

transactions

are

accounted

for

on

trade

date.

Gains

and

losses

realized

on

sales

of

securities

are

determined

on

a

specific

identification

basis.

Interest

income,

including

non-cash

interest,

is

recorded

on

an

accrual

basis.

Discounts/premiums

on

debt

securities

purchased,

which

may

include

residual

and

subordinated

notes,

are

accreted/amortized

over

the

life

of

the

respective

securities

using

the

effective

interest

method

except

for

certain

deep

discount

bonds

where

management

does

not

expect

the

par

value

above

the

bond's

cost

to

be

fully

realized.

Dividend

income

and

corporate

action

transactions,

if

any,

are

recorded

on

the

ex-date.

Non-cash

dividends

included

in

dividend

income,

if

any,

are

recorded

at

the

fair

market

value

of

securities

received.

Paydown

gains

and

losses

on

mortgage-related

and

other

asset-backed

securities

are

recorded

as

components

of

interest

income

on

the

Statements

of

Operations.

D. Dividends

#### and

#### Distributions

#### to

#### Shareholders.
&nbsp;&nbsp;&nbsp;&nbsp;The

Asset-Backed

Securities

ETF,

the

Multi-Sector

Income

ETF,

the

Commercial

Real

Estate

Debt

ETF,

the

Mortgage

ETF

and

the

Opportunistic

Core

Bond

ETF

will

distribute

dividends

of

net

investment

income

at

least

monthly,

the

Equities

ETF

and

the

Fortune

500

ETF

will

distribute

dividends

of

net

investment

income

at

least

quarterly,

and

the

Commodity

Strategy

ETF

will

distribute

dividends

of

net

investment

income

at

least

annually.

Each

Fund

will

distribute

net

realized

short-term

capital

gains

and

net

realized

long-term

capital

gains,

if

any,

at

least

annually.

Distributions

are

recorded

on

the

exdividend

date.

Income

and

capital

gain

distributions

are

determined

in

accordance

with

income

tax

regulations

which

may

differ

from

US

GAAP.

Permanent

book

and

tax

basis

differences

relating

to

shareholder

distributions

will

result

in

reclassifications

between

paid-in

capital,

undistributed

(accumulated)

net

investment

income

(loss),

and/or

undistributed

(accumulated)

realized

gain

(loss).

Undistributed

(accumulated)

net

investment

income

or

loss

may

include

temporary

book

and

tax

basis

differences

which

will

reverse

in

a

subsequent

period.

Any

taxable

income

or

capital

gain

remaining

at

fiscal

year

end

is

distributed

in

the

following

year.

Distributions

from

investment

companies

will

be

classified

as

investment

income

or

realized

gains

in

the

Statements

of

Operations

based

on

the

U.S.

income

tax

characteristics

of

the

distribution

if

such

information

is

available.

In

cases

where

the

tax

characteristics

are

not

available,

such

distributions

are

generally

classified

as

investment

income.

The

Equities

ETF

may

hold

the

securities

of

real

estate

investment

trusts

("REITs").

Distributions

from

such

investments

may

be

comprised

of

return

of

capital,

capital

gains

and

income.

The

actual

character

of

amounts

received

during

the

year

is

not

known

until

after

the

REIT's

fiscal

year

end.

The

Fund

records

the

character

of

distributions

received

from

REITs

during

the

year

based

on

estimates

available.

The

characterization

of

distributions

received

by

the

Fund

may

be

subsequently

revised

based

on

information

received

from

the

REITs

after

their

tax

reporting

periods

concluded.

E. Use

#### of

#### Estimates.
The

preparation

of

financial

statements

in

conformity

with

US

GAAP

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of

contingent

assets

and

liabilities

at

the

date

of

the

financial

statements,

as

well

as

the

reported

amounts

of

revenues

and

expenses

during

the

period.

Actual

results

could

differ

from

those

estimates.

F. Share

#### Valuation.
The

NAV

per

share

of

each

Fund

is

calculated

by

dividing

the

sum

of

the

value

of

the

securities

held

by

the

Fund,

plus

cash

and

other

assets,

minus

all

liabilities

(including

estimated

accrued

expenses),

by

the

total

number

of

shares

outstanding,

rounded

to

the

nearest

cent.

The

NAV

is

typically

calculated

on

days

when

the

New

York

Stock

Exchange

("NYSE")

opens

for

regular

trading.

G. Unfunded

#### Loan

#### Commitments.
The

Funds

may

enter

into

certain

credit

agreements,

of

which

all

or

a

portion

may

be

unfunded.

As

of

March

31,

2026,

the

Funds

have

the

following

unfunded

positions.

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### Borrower

#### Par

#### Commitment

#### Amount

#### Fair

#### Value

#### Unrealized

#### Appreciation/
(Depreciation)

#### %

#### Of

#### Net

#### Assets
Pye-Barker

Fire

&

Safety

LLC

$

5,850

$

5,821

$

5,866

$

0.00 %

Pinnacle

Buyer

LLC

6,452

6,435

6,467

0.00 Signia

Aerospace

LLC

5,308

5,294

5,328

0.00 Savor

Acquisition,

Inc.

6,035

6,059

6,050

(9) 0.00 #### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 83
The

Funds

are obligated

to

fund

these

commitments

at

the

borrower's

discretion.

At

the

end

of

the

period,

the

Funds

maintained

with

their

custodian

liquid

investments

having

an

aggregate

value

at

least

equal

to

the

par

value

of

their

respective

unfunded

loan

commitments

and

bridge

loans.

H. Guarantees

#### and

#### Indemnifications.
Under

the

Trust's

organizational

documents,

each

Trustee

and

officer

of

the

Funds

is

indemnified,

to

the

extent

permitted

by

the

1940

Act,

against

certain

liabilities

that

may

arise

out

of

performance

of

their

duties

to

the

Fund.

Additionally,

in

the

normal

course

of

business,

the

Funds

enter

into

contracts

that

contain

a

variety

of

indemnification

clauses.

Each

Fund's

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against

the

Funds

that

have

not

yet

occurred.

However,

the

Funds

have

not

had

prior

claims

or

losses

pursuant

to

these

contracts.

I. Basis

#### for

#### Consolidation.
&nbsp;&nbsp;&nbsp;&nbsp;The

Commodity

Strategy

ETF

may

invest

up

to

25%

of

its

total

assets

in

the

DoubleLine

Commodity

ETF

Ltd.

(the

"Subsidiary").

The

Subsidiary,

which

is

organized

under

the

laws

of

the

Cayman

Islands,

is

wholly-owned

and

controlled

by

the

Commodity

Strategy

ETF.

The

Subsidiary

invests

in

commodity-related

investments

and

other

investments.

The

consolidated

financial

statements

include

the

accounts

and

balances

of

the

Subsidiary.

Intercompany

balances

and

transactions

have

been

eliminated

in

consolidation.

As

of

March

31,

2026,

the

relationship

of

the

Subsidiary

to

the

Commodity

Strategy

ETF

was

as

follows:

J. Mortgage

#### Dollar

#### Rolls.
The

Funds

have

entered

into

mortgage

dollar

roll

transactions

of

TBA

securities

which

the

Funds

sell

a

TBA

mortgage-backed

security

to

a

counterparty

and

simultaneously

enter

into

an

agreement

with

the

same

counterparty

to

buy

back

a

similar

TBA

security

on

a

specific

future

date

at

a

predetermined

price.

Mortgage

dollar

rolls

are

accounted

for

as

purchase

and

sale

transactions

and

may

result

in

an

increase

to

the

fund

portfolio

turnover

rate.

Portfolio

turnover

rates

excluding

and

including

mortgage

dollar

rolls

are

presented

in

the

Financial

Highlights.

K. Segment

#### Reporting.
The

Funds

have

adopted

FASB

ASU

2023-07,

Segment

Reporting

(Topic

280)

-

Improvements

to

Reportable

Segment

Disclosures

("ASU

2023-07"),

which

requires

incremental

disclosures

relating

to

a

public

entity's

reportable

segments.

Each

Fund

operates

as

a

single

operating

segment,

which

is

an

investment

portfolio.

The

Trust's

president

and

principal

executive

officer

and

the

Trust's

treasurer

and

principal

financial

and

accounting

officer

together

serve

as

each

Fund's

chief

operating

decision

maker

("CODM").

Each

Fund's

total

returns,

expense

ratios,

and

changes

in

net

assets,

which

are

used

by

the

CODM

to

assess

segment

performance

and

to

make

resource

allocation

decisions

to

the

segment,

are

consistent

with

that

presented

within

the

Fund's

financial

statements

and

financial

highlights.

Segment

assets

are

reflected

in

each

Fund's

Statement

of

Assets

and

Liabilities

Kaman

Corp.

$

9,726

$

9,738

$

9,741

$

0.00 %

#### DoubleLine

#### Multi-Sector

#### Income

#### ETF

#### Borrower

#### Par

#### Commitment

#### Amount

#### Fair

#### Value

#### Unrealized

#### Appreciation/
(Depreciation)

#### %

#### Of

#### Net

#### Assets
Pye-Barker

Fire

&

Safety

LLC

$

5,200

$

5,174

$

5,214

$

0.01 %

Pinnacle

Buyer

LLC

6,452

6,435

6,467

0.01 Savor

Acquisition,

Inc.

4,310

4,329

4,321

(8) 0.00 Kaman

Corp.

7,989

7,999

8,001

0.01 #### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

Commencement

of

Operations

01/31/2024

Fund

Net

Assets

$

34,677,013

Subsidiary

%

of

Fund

Net

Assets

23.56%

Subsidiary

Financial

Statement

Information

Net

Assets

$

8,170,034

Total

Income

101,476

Net

Realized

Gain/(Loss)

6,686,129

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 84

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

as

"net

assets,"

which

consist

primarily

of

investment

securities,

at

value,

and

significant

segment

expenses

are

listed

in

each

Fund's

accompanying

Statement

of

Operations.

3. Related

#### Party

#### Transactions
The

Trust

and

the

Advisers

entered

into

an

Investment

Management

Agreement,

under

the

terms

of

which

the

Advisers

manage

the

investment

of

the

assets

of

the applicable

Funds,

place

orders

for

the

purchase

and

sale

of

its

portfolio

securities,

and

is responsible

for

providing

resources

to

assist

with

the

day-to-day

management

of

the

Trust's

business

affairs.

As

compensation

for their

services,

the

Advisers

are entitled

to

a

monthly

fee

at

the

annual

rates

of

the

average

daily

net

assets

of

the

Funds

in

the

following

table. The

Advisers

will

pay

all

operating

expenses

of

the

Funds,

except

the

advisory fees,

interest

expenses,

dividends

and

other

expenses

on

securities

sold

short,

taxes,

expenses

incurred

with

respect

to

the

acquisition

and

disposition

of

portfolio

securities

and

the

execution

of

portfolio

transactions,

including

brokerage

commissions,

acquired

fund

fees

and

expenses,

accrued

deferred

tax

liabilities,

distribution

fees

or

expenses,

and

any

extraordinary

expenses

(such

as

litigation).

If a Fund

invested

in

other

investment

vehicles

sponsored

by

an

Adviser

("other

DoubleLine

Funds")

during

the

period,

such

Adviser

waived

its

advisory

fee

to

the

Fund

in

an

amount

equal

to

the

advisory

fees

paid

to

the

Adviser

by

the

other

DoubleLine

Funds

in

respect

of

Fund

assets

so

invested.

The

adviser

may

not

seek

reimbursement

from

the

Fund

with

respect

to

any

advisory

fees

waived. Accordingly,

the

Adviser

waived

the

following

fees

for

the

period

ended

March 31,

2026: DoubleLine

Opportunistic

Core

Bond

ETF,

$83,331.

4. Distribution

#### Fees
Foreside

Fund

Services,

LLC

serves

as

the

Funds'

Distributor.

The

Trust

has

adopted

a

Plan

of

Distribution

Pursuant

to

Rule

12b-1

under

the

Investment

Company

Act

of

1940

(the

"Plan"),

however

the

Plan

has

yet

to

be

implemented

or

commence

operations.

Under

the

Plan, each Fund

would

be

authorized

to

pay

distribution

fees

to

the

Distributor,

who

in

turn

would

be

permitted

to

pay

other

firms

that

provide

distribution

and

shareholder

services

("Service

Providers").

If

a

Service

Provider

were

to

provide

such

services,

the

Funds

would

be

permitted

to

pay

fees

at

an

annual

rate

not

to

exceed

0.25%

of

average

daily

net

assets,

pursuant

to

the

terms

of

the

Plan

and

Rule

12b-1

under

the

1940

Act.

Because

the

Plan

has

not

been

implemented

or

commenced

operations,

no

distribution

or

service

fees

are

currently

paid

by

the

Funds

and

there

are

no

current

plans

to

impose

these

fees.

In

the

event

the

Plan

is

ever

implemented

and

commences

operations

and

Rule

12b-1

fees

are

charged,

over

time

they

would

increase

the

cost

of

an

investment

in

the

Funds

and

may

cost

you

more

than

other

types

of

sales

charges.

5. Administrator,

#### Transfer

#### Agent,

#### Custodian

#### and

#### Distributor
JPMorgan

Chase

Bank,

N.A.

provides

fund

accounting,

fund

administrative

and

transfer

agency

services

to

the

Funds

pursuant

to

a

Fund

Services

Agreement.

JPMorgan

Chase

Bank,

N.A.

serves

as

the

Funds'

Custodian

pursuant

to

a

Custody

Agreement.

Foreside

Fund

Services,

LLC

serves

as

the

Funds'

distributor

pursuant

to

a

Distribution

Agreement.

6. Issuance

#### and

#### Redemption

#### of

#### Fund Shares
The

Funds

are

exchange-traded

funds

or

"ETFs."

The

Funds

will

only

issue

or

redeem

shares

aggregated

into

blocks

of

20,000

shares

(in

the

case

of

the

Opportunistic

Core

Bond

ETF,

the

Commercial

Real

Estate

Debt

ETF,

the

Mortgage

ETF,

the

Multi-Sector

Income

ETF,

and

the

Asset-Backed

Securities

ETF),

40,000

shares

(in

the

case

of

the

Equities

ETF

and

the

Commodity

Strategy

ETF)

and

60,000

shares

(in

the

case

of

the

Fortune

500

ETF)

or

multiples

thereof

("Creation

Units")

to

Authorized

Participants

who

have

entered

into

#### Advisory

#### Fees
DoubleLine

Opportunistic

Core

Bond

ETF

0.45%

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

0.65%

DoubleLine

Commercial

Real

Estate

Debt

ETF

0.39%

DoubleLine

Mortgage

ETF

0.39%

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

0.65%

DoubleLine

Fortune

500

Equal

Weight

ETF

0.20%

DoubleLine

Multi-Sector

Income

ETF

0.49%

DoubleLine

Asset-Backed

Securities

ETF

0.39%

*1*

*Prior* 

*to* 

*February* 

*3,* 

*2025,* 

*the* 

*Advisory* 

*Fee* 

*was* 

*0.50%.*

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 85
agreements

with

Foreside

Fund

Services,

LLC

as

the

Funds'

distributor

(the

"Distributor").

An

Authorized

Participant

is

either

(1) a

"Participating

Party,"

(i.e.,

a

broker-dealer

or

other

participant

in

the

clearing

process

of

the

Continuous

Net

Settlement

System

of

the

NSCC),

or

(2) a

participant

of

DTC,

and,

in

each

case,

must

have

executed

an

agreement

with

the

distributor

with

respect

to

creations

and

redemptions

of

Creation

Units.

The

Funds

will

issue

or

redeem

Creation

Units

in

return

for

a

basket

of

securities

and/or

cash

(including

any

portion

of

such

securities

for

which

cash

may

be

substituted)

that

the

Funds

specify

each

day.

Cash

may

be

substituted

equivalent

to

the

value

of

certain

securities

generally

when

they

are

not

available

in

sufficient

quantity

for

delivery.

In

the

case

of

the

Equities

ETF,

Authorized

Participants

transact

with

the

Fund

through

another

broker-dealer

that

acts

as

AP

Representative

and

maintains

the

basket

contents

in

confidence.

Individual

Fund

shares

may

only

be

purchased

and

sold

on

a

national

securities

exchange

through

a

broker-dealer

and

investors

may

pay

a

commission

to

such

broker-dealers

in

connection

with

their

purchase

or

sale.

The

price

of

Fund

shares

is

based

on

market

price,

and

because

ETF

shares

trade

at

market

prices

rather

than

NAV,

shares

may

trade

at

a

price

greater

than

NAV

(a

premium)

or

less

than

NAV

(a

discount).

NAV

per

share

is

calculated

by

dividing

a

Fund's

net

assets

by

the

number

of

Fund

shares

outstanding.

Your

transaction

will

be

priced

at

NAV

if

you

purchase

or

redeem

Fund

shares

in

Creation

Units.

The

Fund's

NAV

per

share

is

computed

at

the

close

of

the

New

York

Stock

Exchange

("NYSE").

However,

the

NAV

per

share

may

be

calculated

at

a

time

other

than

the

normal

close

of

the

NYSE

if

trading

on

the

NYSE

is

restricted,

if

the

NYSE

closes

earlier,

or

as

may

be

permitted

by

the

SEC.

Authorized

Participants

purchasing

and

redeeming

Creation

Units

may

pay

a

purchase

transaction

fee

and

a

redemption

transaction

fee

directly

to

the

Funds'

Administrator

to

offset

transfer

and

other

transaction

costs

associated

with

the

issuance

and

redemption

of

Creation

Units,

including

Creation

Units

for

cash.

Additionally,

a

portion

of

the

transaction

fee

is

used

to

offset

transactional

costs

typically

accrued

in

the

Funds'

custody

expenses

directly

related

to

the

issuance

and

redemption

of

Creation

Units.

An

additional

variable

fee

may

be

charged

for

certain

transactions.

Such

fees

would

be

included

in

the

receivable

for

capital

shares

issued

on

the

Statements

of

Assets

and

Liabilities.

7. Purchases

#### and

#### Sales

#### of

#### Securities
Investment

transactions

(excluding

short-term

investments

and

in-kind

transactions)

for

the period

ended

March

31,

2026 were

as

follows:

Investment

transactions

related

to

in-kind purchases

and

sales

for the

period

ended

March

31,

2026 were

as

follows:

#### All

#### Other

#### U.S.

#### Government

#### 1

#### Purchases

#### at

#### Cost

#### Sales

#### or

#### Maturity

#### Proceeds

#### Purchases

#### at

#### Cost

#### Sales

#### or

#### Maturity

#### Proceeds
DoubleLine

Opportunistic

Core

Bond

ETF

$

233,750,205

$

98,141,354

$

37,459,688

$

45,866,484

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

$

726,436,154

$

672,727,103

$

—

$

—

DoubleLine

Commercial

Real

Estate

Debt

ETF

$

255,438,128

$

147,861,114

$

—

$

—

DoubleLine

Mortgage

ETF

$

1,485,827,812

$

1,261,538,697

$

—

$

—

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

$

—

$

3,900,000

$

—

$

—

DoubleLine

Fortune

500

Equal

Weight

ETF

$

1,831,585

$

1,915,854

$

—

$

—

DoubleLine

Multi-Sector

Income

ETF

$

35,825,635

$

18,062,816

$

—

$

—

DoubleLine

Asset-Backed

Securities

ETF

$

57,423,916

$

13,912,833

$

—

$

—

*1*

*U.S.* 

*Government* 

*transactions* 

*are* 

*defined* 

*as* 

*those* 

*involving* 

*long-term* 

*U.S.* 

*Treasury* 

*bills,* 

*bonds* 

*and* 

*notes.*

#### Purchases

#### at

#### Cost

#### Sales

#### or

#### Maturity

#### Proceeds

#### Net

#### Realized

#### Gains
(Losses)

DoubleLine

Opportunistic

Core

Bond

ETF

$

22,771,212

$

—

$

—

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

$

2,545,933

$

113,568,933

$

13,912,753

DoubleLine

Commercial

Real

Estate

Debt

ETF

$

—

$

25,089,792

$

266,632

DoubleLine

Mortgage

ETF

$

—

$

—

$

—

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

$

—

$

—

$

—

DoubleLine

Fortune

500

Equal

Weight

ETF

$

13,426,213

$

3,814,514

$

1,540,012

DoubleLine

Multi-Sector

Income

ETF

$

9,177,938

$

—

$

—

DoubleLine

Asset-Backed

Securities

ETF

$

—

$

—

$

—

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 86

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

8. Income

#### Tax

#### Information

#### and

#### Distributions

#### to

#### Shareholders
The

cost

basis

of

investments

for

federal

income

tax

purposes

as

of period

March

31,

2026 were

as

follows:

9. Remuneration

#### Paid

#### to

#### Trustees,

#### Officers

#### and

#### Others
Because

the

Advisers

have

agreed

in

the

Advisory

Agreements

to

cover

all

operating

expenses

of

the

Funds,

subject

to

certain

exclusions

as

provided

for

therein,

the

Advisers

pay

the

compensation

to

each

Trustee

who

is

not

considered

to

be

an

"interested

person"

(as

defined

in

the

1940

Act)

of

the

Trust

for

services

to

the

Funds

from

the

Advisers'

advisory

fees.

Certain

Trustees

and

officers

of

the

Funds

are

also

officers

of

the

Advisers;

such

Trustees

and

officers

are

not

compensated

by

the

Funds.

10. Additional

#### Disclosures

#### about

#### Derivative

#### Instruments
The

following

disclosures

provide

information

on

the

Funds'

use

of

derivatives

and

certain

related

risks.

The

location

and

fair

value

amounts

of

these

instruments

on

the

Statements

of

Assets

and

Liabilities

and

the

realized

gains

and

losses

and

changes

in

unrealized

gains

and

losses

on

the

Statements

of

Operations,

each

categorized

by

type

of

derivative

contract,

are

included

in

the

following

tables.

The

average

volume

of

derivative

activity

for the

period ended

March

31,

2026 is

as

follows:

#### Futures

#### Contracts.
Futures

contracts

typically

involve

a

contractual

commitment

to

buy

or

sell

a

particular

instrument

or

index

unit

at

a

specified

price

on

a

future

date.

Risks

associated

with

the

use

of

futures

contracts

include

the

potential

for

imperfect

correlation

between

the

change

in

market

value

of

the

securities

held

by

the

Funds

and

the

prices

of

futures

contracts

and

the

possibility

of

an

illiquid

market.

Futures

contracts

are

valued

based

upon

their

quoted

daily

settlement

prices

determined

by

the

relevant

exchange.

Upon

entering

into

a

futures

contract,

a

Fund

is

required

to

deposit

with

its

futures

broker

an

amount

of

cash

in

accordance

with

the

initial

margin

requirements

of

the

broker

or

exchange.

Such

collateral

is

recorded

in

deposit

at

broker

for

futures

in

the

Statements

of

Assets

and

Liabilities.

Futures

contracts

are

marked-to-market

daily

and

an

appropriate

payment

reflecting

the

change

in

value

("variation

margin")

is

made

or

received

by

or

for

the

accounts

of

the

Funds.

The

variation

margin

is

recorded

on

the

Statements

of

Assets

and

Liabilities.

The

cumulative

change

in

value

of

futures

contracts

is

recorded

in

net

unrealized

appreciation

(depreciation)

on

futures

on

the

Statements

of

Assets

and

Liabilities.

Gains

or

losses

are

recognized

but

not

considered

realized

until

the

contracts

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### DoubleLine

#### Shiller

#### CAPE®

#### U.S.

#### Equities

#### ETF

#### DoubleLine

#### Commercial

#### Real

#### Estate

#### Debt

#### ETF

#### DoubleLine

#### Mortgage

#### ETF

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

Tax

Cost

of

Investments

$

714,820,090

$

267,482,236

$

415,259,136

$

813,342,644

$

34,545,417

Gross

Tax

Unrealized

Appreciation

6,190,450

12,489,159

2,504,550

6,994,506

138,658

Gross

Tax

Unrealized

Depreciation

(9,895,257)

(19,417,178)

(759,637)

(8,536,105)

(190) Net

Tax

Unrealized

Appreciation

(Depreciation)

(3,704,807)

(6,928,019)

1,744,913

(1,541,599)

138,468

#### DoubleLine

#### Fortune

#### 500

#### Equal

#### Weight

#### ETF

#### DoubleLine

#### Multi-

#### Sector

#### Income

#### ETF

#### DoubleLine

#### Asset-

#### Backed

#### Securities

#### ETF
Tax

Cost

of

Investments

$

26,790,615

$

83,152,198

$

116,457,498

Gross

Tax

Unrealized

Appreciation

2,302,638

337,471

446,437

Gross

Tax

Unrealized

Depreciation

(1,815,466)

(819,522)

(578,298)

Net

Tax

Unrealized

Appreciation

(Depreciation)

487,172

(482,051)

(131,861)

#### DoubleLine

#### Opportunistic

#### Core

#### Bond

#### ETF

#### DoubleLine

#### Mortgage

#### ETF

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### Average

#### Market

#### Value
Futures

Contracts

-

Long

$

444,396,456

$

320,444,533

$

–

Futures

Contracts

-

Short

(32,159,986)

(263,157,860)

–

#### Average

#### Notional

#### Balance
Excess

Return

Swaps

–

–

26,566,667

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 87
expire

or

are

closed

and

are

recorded

in

net

realized

gain

(loss)

on

futures

on

the

Statements

of

Operations.

Futures

contracts

involve,

to

varying

degrees,

risk

of

loss

in

excess

of

the

variation

margin

disclosed

on

the

Statements

of

Assets

and

Liabilities.

#### Excess

#### Return

#### Swap

#### Agreements.
The

Funds

may

enter

into

excess

return

swaps

for

investment

purposes.

Excess

return

swaps

are

agreements

to

exchange

the

return

generated

by

one

instrument

for

the

return

generated

by

another

instrument.

For

example,

the

agreement

to

pay

a

predetermined

or

fixed

interest

rate

in

exchange

for

a

market-linked

return

based

on

a

notional

amount.

To

the

extent

the

total

return

of

a

referenced

index

or

instrument

exceeds

the

offsetting

interest

obligation,

a

Fund

will

receive

a

payment

from

the

counterparty.

To

the

extent

it

is

less,

a

Fund

will

make

a

payment

to

the

counterparty.

The

marked-to-market

value

less

a

financing

rate,

if

any,

is

recorded

in

net

unrealized

appreciation

(depreciation)

on

swaps

on

the

Statements

of

Assets

and

Liabilities.

At

termination

or

maturity

date,

a

net

cash

flow

is

exchanged

where

the

total

return

is

equivalent

to

the

return

of

the

underlying

reference

asset

less

a

financing

rate,

if

any,

and

is

recorded

in

net

realized

gain

(loss)

on

swaps

on

the

Statements

of

Operations.

To

the

extent

the

marked-to-

market

value

of

an

excess

return

swap

appreciates

to

the

benefit

of

a

Fund

and

exceeds

certain

contractual

thresholds,

a

Fund's

counterparty

may

be

contractually

required

to

provide

collateral.

If

the

marked-to-market

value

of

an

excess

return

swap

depreciates

in

value

to

the

benefit

of

a

counterparty

and

exceeds

certain

contractual

thresholds,

a

Fund

would

generally

be

required

to

provide

collateral

for

the

benefit

of

its

counterparty.

Assets

provided

by

the

Funds

as

collateral

are

reflected

as

a

component

of

investments

in

unaffiliated

securities

at

value

on

the

Statements

of

Assets

and

Liabilities

and

are

noted

on

the

Schedules

of

Investments.

Assets

provided

to

a

Fund

by

a

counterparty

as

collateral

are

not

assets

of

the

Fund

and

are

not

a

component

of

a

Fund's

NAV.

The

effect

of

derivative

instruments

on

the

Statements

of

Assets

and

Liabilities for

the

period ended

March

31,

2026 was

as

follows:

The

effect

of

derivative

instruments

on

the

Statements

of

Operations

for

the

period ended

March

31,

2026 was

as

follows:

#### Derivatives

#### not

#### accounted

#### for

#### as

#### hedging

#### instruments

#### Statements

#### of

#### Assets

#### and

#### Liabilities

#### Location

#### 1

#### Commodity

#### Risk

#### Interest

#### Rate

#### Risk

#### Total
Unrealized

Appreciation

on:

–

–

–

Futures

–

–

–

DoubleLine

Opportunistic

Core

Bond

ETF

$

–

$

869,471

$

869,471

DoubleLine

Mortgage

ETF

–

1,910,633

1,910,633

Swaps

–

–

–

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

$

137,451

$

–

$

137,451

Unrealized

Depreciation

on:

Futures

DoubleLine

Opportunistic

Core

Bond

ETF

$

–

$

(4,412,683)

$

(4,412,683)

DoubleLine

Mortgage

ETF

–

(3,159,016)

(3,159,016)

*1*

*An* 

*exchange* 

*traded* 

*investment's* 

*value* 

*reflects* 

*the* 

*cumulative* 

*value.* 

*Only* 

*the* 

*current* 

*day's* 

*variation* 

*margin* 

*is* 

*reported* 

*on* 

*the* 

*Statements* 

*of* 

*Assets* 

*and* 

*Liabilities.*

#### Derivatives

#### not

#### accounted

#### for

#### as

#### hedging

#### instruments

#### Statements

#### of

#### Operations

#### Location

#### Commodity

#### Risk

#### Interest

#### Rate

#### Risk

#### Total
Net

Realized

Gain

(Loss)

on:

–

–

–

Futures

–

–

–

DoubleLine

Opportunistic

Core

Bond

ETF

$

–

$

273,811

$

273,811

DoubleLine

Mortgage

ETF

–

1,738,182

1,738,182

Swaps

–

–

–

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

$

6,686,129

$

–

$

6,686,129

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on:

–

–

–

Futures

–

–

–

DoubleLine

Opportunistic

Core

Bond

ETF

$

–

$

(4,022,046)

$

(4,022,046)

DoubleLine

Mortgage

ETF

–

(1,020,776)

(1,020,776)

Swaps

–

–

–

DoubleLine

Commodity

Strategy

ETF

(Consolidated)

$

251,171

$

–

$

251,171

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 88

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

11. Offsetting

#### Assets

#### and

#### Liabilities
Each

Fund is

subject

to

various

Master

Netting

Arrangements,

which

govern

the

terms

of

certain

transactions

with

select

counterparties.

The

Master

Netting

Arrangements are

intended

to

allow the

Fund

to

close

out

and

net

its

total

exposure

to

a

counterparty

in

the

event

of

a

default

with

respect

to

all

the

transactions

governed

under

a

single

agreement

with

a

counterparty.

The

Master

Netting

Arrangements

also

specify

collateral

posting

arrangements

at

pre-arranged

exposure

levels.

Under

the

Master

Netting

Arrangements,

collateral

is

routinely

transferred

if

the

total

net

exposure

to

certain

transactions

(net

of

existing

collateral

already

in

place)

governed

under

the

relevant

Master

Netting

Arrangement

with

a

counterparty

in

a

given

account

exceed

a

specified

threshold

depending

on

the

counterparty

and

the

type

of

Master

Netting

Arrangement.

As

of

the

period

ended

March

31,

2026,

the

Funds

held

the

following

derivative

instruments

that

were

subject

to

offsetting

on

the

Statements

of

Assets

and

Liabilities:

12. Bank

#### Loans
The

Funds

may

make

loans

directly

to

borrowers

and

may

acquire

or

invest

in

loans

made

by

others

("loans").

The

Funds

may

acquire

a

loan

interest

directly

by

acting

as

a

member

of

the

original

lending

syndicate.

Alternatively,

the

Funds

may

acquire

some

or

all

of

the

interest

of

a

bank

or

other

lending

institution

in

a

loan

to

a

particular

borrower

by

means

of

a

novation,

an

assignment

or

a

participation.

The

loans

in

which

the

Funds

may

invest

include

those

that

pay

fixed

rates

of

interest

and

those

that

pay

floating

rates—i.e.,

rates

that

adjusted

periodically

by

reference

to

a

base

lending

rate,

plus

a

spread.

These

base

lending

rates

are

primarily

the

Secured

Overnight

Financing

Rate

(SOFR)

and

secondarily,

the

prime

rate

offered

by

one

or

more

major

United

States

banks

(the

Prime

Rate).

Base

lending

rates

may

be

subject

to

a

floor,

or

minimum

rate.

Rates

for

SOFR

are

generally

or

3-month

tenors

and

may

also

be

subject

to

a

credit

spread

adjustment.

The

Funds

may

purchase

and

sell

interests

in

bank

loans

on

a

when-issued

and

delayed

delivery

basis,

with

payment

delivery

scheduled

for

a

future

date.

Securities

purchased

on

a

delayed

delivery

basis

are

marked-to-market

daily

and

no

income

accrues

to

the

Funds

prior

to

the

date

the

Funds

actually

take

delivery

of

such

securities.

These

transactions

are

subject

to

market

fluctuations

and

are

subject,

among

other

risks,

to

the

risk

that

the

value

at

delivery

may

be

more

or

less

than

the

trade

purchase

price.

13. To-Be-Announced

#### Securities
The

Funds

may

invest

in

to-be-announced

securities

("TBAs").

TBAs

is

a

term

that

is

generally

used

to

describe

forward-settling

mortgage-backed

securities.

These

TBAs

are

generally

issued

by

U.S.

Government

Agencies

or

U.S.

Government

Sponsored

Entities

such

as

Freddie

Mac,

Fannie

Mae

and

Ginnie

Mae.

The

actual

mortgage-backed

security

that

will

be

delivered

to

the

buyer

at

the

time

TBAs

trades

are

entered

is

not

known,

however,

the

terms

of

the

acceptable

pools

of

loans

that

will

comprise

the

mortgage

backed

security

are

determined

at

the

time

the

trade

is

entered

into

(coupon

rate,

maturity,

credit

quality,

etc.).

Investment

in

TBAs

will

generally

increase

the

Fund's

exposure

to

interest

rate

risk

and

could

also

expose

the

Fund

to

counterparty

default

risk.

In

order

to

mitigate

counterparty

default

risk,

the

Fund

only

enters

TBAs

with

counterparties

for

which

the

risk

of

default

is

determined

to

be

remote.

14. Principal

#### Risks

#### Active

#### Management

#### Risk:
The

risk

that

the

Fund

will

fail

to

meet

its

investment

objective

and

that

the

Fund's

investment

performance will

depend,

at

least

in

part,

on

how

its

assets

are

allocated

and

reallocated

among

asset

classes,

sectors,

underlying

funds

and/or

investments

and

that

such

allocation

will

focus

on

asset

classes,

sectors,

underlying

funds,

and/

or

investments

that

perform

poorly

or

underperform

other

asset

classes,

sectors,

underlying

funds,

and/or

available

investments.

Any

given

investment

strategy

may

fail

to

produce

the

intended

results,

and

the

Fund's

portfolio

may

underperform

other

comparable

funds

because

of

portfolio

management

decisions

related

to,

among

other

things,

the

selection

of

investments,

portfolio

construction,

risk

assessments,

and/or

the

outlook

on

market

trends

and

opportunities.

#### DoubleLine

#### Commodity

#### Strategy

#### ETF
(Consolidated)

#### Assets:

#### Gross

#### Amounts

#### of

#### Gross

#### Amounts

#### Offset

#### in

#### the

#### Statement

#### of

#### Net

#### Amounts

#### presented

#### in

#### the

#### Statement

#### of

#### Gross

#### Amounts

#### Not

#### Offset

#### in

#### the

#### Statements

#### of

#### Assets

#### and

#### Liabilities

#### Description

#### Recognized

#### Assets

#### and

#### Liabilities

#### Assets

#### and

#### Liabilities

#### Financial

#### Instruments

#### Cash

#### Collateral

#### Received

#### Net

#### Amount
Swap

contracts

$

137,451

$

—

$

137,451

$

(137,451)

$

—

$

—

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 89

#### Asset-Backed

#### Securities

#### Investment

#### Risk:
The

risk

that

borrowers

may

default

on

the

obligations

that

underlie

the

asset-

backed

security

and

that,

during

periods

of

falling

interest

rates,

asset-backed

securities

may

be

called

or

prepaid,

which

may

result

in

a

Fund

having

to

reinvest

proceeds

in

other

investments

at

a

lower

interest

rate,

and

the

risk

that

the

impairment

of

the

value

of

the

collateral

underlying

a

security

in

which

the

Fund

invests

(due,

for

example,

to

non-payment

of

loans)

will

result

in

a

reduction

in

the

value

of

the

security.

#### Cash

#### Position Risk:
The

risk

that

to

the

extent

that

the

Fund

holds

assets

in

cash,

cash

equivalents,

and

other

shortterm

investments,

the

ability

of

the

Fund

to

meet

its

objective

may

be

limited.

Cash

equivalents

and

other

short-term

investments

include

short-term

U.S.

Treasury

securities,

commercial

paper,

repurchase

agreements

and

money

market

funds.

#### Cash

#### Transactions

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;Unlike

most

other

ETFs,

the

Fund

may,

from

time

to

time,

effect

creations

and

redemptions

in

cash

or

partially

in

cash.

Therefore,

it

may

be

required

to

sell

portfolio

securities

and

subsequently

recognize

gains

on

such

sales

that

the

Fund

might

not

have

recognized

if

it

were

to

distribute

portfolio

securities

in-kind.

As

such,

investments

in

shares

of

the

Fund

may

be

less

tax-efficient

than

an

investment

in

an

ETF

that

distributes

portfolio

securities

entirely

in-kind.

#### Collateralized

#### Debt

#### Obligations

#### Risk:
The risks

of

an

investment

in

a

collateralized

debt

obligation ("

#### CDO
")

depend

largely

on

the

quality

and

type

of

the

collateral

and

the

tranche

of

the

CDO

in

which

a

Fund

invests.

Normally,

collateralized

bond

obligations, collateralized

loan

obligations and

other

CDOs

are

privately

offered

and

sold,

and

thus

are

not

registered

under

the

securities

laws.

As

a

result,

investments

in

CDOs

may

be

illiquid.

In

addition

to

the

risks

associated

with

debt

instruments

(e.g.,

interest

rate

risk

and

credit

risk),

CDOs

carry

additional

risks

including,

but

not

limited

to:

(i) the

possibility

that

distributions

from

collateral

will

not

be

adequate

to

make

interest

or

other

payments;

(ii) the

quality

of

the

collateral

may

decline

in

value

or

default;

(iii) the

possibility

that

a

Fund

may

invest

in

CDOs

that

are

subordinate

to

other

classes

of

the

issuer's

securities;

and

(iv) the

complex

structure

of

the

security

may

not

be

fully

understood

at

the

time

of

investment

and

may

produce

disputes

with

the

issuer

or

unexpected

investment

results.

#### Commodities

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

the

value

of

the

Fund's

shares

may

be

affected

by

changes

in

the

values

of

the

Fund's

investment

exposures

to

commodities

or

commodity-related

instruments,

which

may

be

extremely

volatile

and

difficult

to

value.

The

value

of

commodities

and

commodity-related

instruments

may

be

affected

by,

among

other

factors,

market

movements,

commodity

index

volatility,

changes

in

interest

rates,

or

factors

affecting

supply,

demand

and/or

other

market

fundamentals

with

respect

to

a

particular

sector,

industry

or

commodity,

such

as

drought,

floods,

weather,

livestock

disease,

embargoes,

tariffs

and

international

economic,

political

and

regulatory

developments.

The

Fund

expects

to

have

significant

exposure

to

particular

sectors

through

its

commodities-related

investments,

including,

for

example,

the

energy,

industrial

metals,

precious

metals,

and

agricultural

and

livestock

sectors

and

may

be

exposed

to

greater

risk

associated

with

events

affecting

those

sectors.

#### Commodity

#### Pool

#### Regulatory Risk:
The

Fund's

investment

exposure

to

instruments

such

as

futures

or

swaps

will

cause

it

to

be

deemed

to

be

a

commodity

pool,

thereby

subjecting

the

Fund

to

regulation

under

the

Commodity

Exchange

Act

("CEA")

and

CFTC

rules.

The

Adviser

is

registered

as

a

commodity

pool

operator

("CPO"),

and

the

Fund

will

be

operated

in

accordance

with

applicable

CFTC

rules,

as

well

as

the

regulatory

scheme

applicable

to

registered

investment

companies.

Registration

as

a

CPO

imposes

additional

compliance

obligations

on

the

Adviser

and

the

Fund

related

to

additional

laws,

regulations,

and

enforcement

policies,

which

could

increase

compliance

costs

and

may

affect

the

operations

and

financial

performance

of

the

Fund.

However,

the

Fund's

status

as

a

commodity

pool

and

the

Adviser's

registration

as

a

CPO

are

not

expected

to

materially

adversely

affect

the

Fund's

ability

to

achieve

its

investment

objective.

#### Counterparty Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

the

Funds

will

be

subject

to

credit

risk

with

respect

to

the

counterparties

to

the

derivative

contracts

and

other

instruments

entered

into

directly

by

the

Funds

or

held

by

special

purpose

or

structured

vehicles

in

which

the

Funds

invest;

that

the

Funds

counterparty

will

be

unable

or

unwilling

to

perform

its

obligations;

that

the

Funds

will

be

unable

to

enforce

contractual

remedies

if

its

counterparty

defaults;

that

if

a

counterparty

(or

an

affiliate

of

a

counterparty)

becomes

bankrupt,

the

Funds

may

experience

significant

delays

in

obtaining

any

recovery

or

may

obtain

limited

or

no

recovery

in

a

bankruptcy

or

other

insolvency

proceeding.

To

the

extent

that

the

Funds

enter

into

multiple

transactions

with

a

single

or

a

small

set

of

counterparties,

it

will

be

subject

to

increased

counterparty

risk.

#### Swap Risk:
The

Funds

expects

to

enter

into

swap

transactions

related

to

the

Barclays

Index

with

a

single

or

a

limited

number

of

counterparties

for

the

foreseeable

future

and,

at

the

time

of

the

Funds'

inception,

the

Funds

expects

to

obtain

exposure

to

the

Barclays

Index

through

swap

transactions

with

a

single

counterparty.

To

the

extent

that

the

Funds

enters

into

multiple

transactions

with

a

single

or

a

small

set

of

counterparties,

it

will

be

subject

to

increased

counterparty

risk.

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 90

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

#### Debt

#### Securities

#### Risks

#### Credit Risk:
The

risk

that

an

issuer,

counterparty

or

other

obligor

to

the

Fund

will

fail

to

pay

its

obligations

to

the

Fund

when

they

are

due,

which

may

reduce

the

Fund's

income

and/or

reduce,

in

whole

or

in

part,

the

value

of

the

Fund's

investment.

Actual

or

perceived

changes

in

the

financial

condition

of

an

obligor,

changes

in

economic,

social

or

political

conditions

that

affect

a

particular

type

of

security,

instrument,

or

obligor,

and

changes

in

economic,

social

or

political

conditions

generally

can

increase

the

risk

of

default

by

an

obligor,

which

can

affect

a

security's

or

other

instrument's

credit

quality

or

value

and

an

obligor's

ability

to

honor

its

obligations

when

due.

The

values

of

lower-quality

debt

securities

(including

debt

securities

commonly

known

as

"high

yield"

securities

or

"junk

bonds"),

including

floating

rate

loans,

tend

to

be

particularly

sensitive

to

these

changes.

Certain

debt

securities

in

the

lowest

investment

grade

category

also

may

be

considered

to

possess

some

speculative

characteristics

by

certain

rating

agencies.

The

values

of

securities

or

instruments

also

may

decline

for

a

number

of

other

reasons

that

relate

directly

to

the

obligor,

such

as

management

performance,

financial

leverage,

and

reduced

demand

for

the

obligor's

goods

and

services,

as

well

as

the

historical

and

prospective

earnings

of

the

obligor

and

the

value

of

its

assets.

#### Extension

#### Risk:
The

risk

that

if

interest

rates

rise,

repayments

of

principal

on

certain

debt

securities,

including,

but

not

limited

to,

floating

rate

loans

and

mortgage-related

securities,

may

occur

at

a

slower

rate

than

expected

and

the

expected

maturity

of

those

securities

could

lengthen

as

a

result.

Securities

that

are

subject

to

extension

risk

generally

have

a

greater

potential

for

loss

when

prevailing

interest

rates

rise,

which

could

cause

their

values

to

fall

sharply.

#### Interest

#### Rate

#### Risk:
The risk

that

debt

instruments

will

change

in

value

because

of

changes

in

interest

rates.

The

value

of

an

instrument

with

a

longer

duration

(whether

positive

or

negative)

will

be

more

sensitive

to

changes

in

interest

rates

than

a

similar

instrument

with

a

shorter

duration.

Bonds

and

other

debt

instruments

typically

have

a

positive

duration.

The

value

of

a

debt

instrument

with

positive

duration

will

generally

decline

if

interest

rates

increase.

Certain

other

investments,

such

as

inverse

floaters

and

certain

derivative

instruments,

may

have

a

negative

duration.

The

value

of

instruments

with

a

negative

duration

will

generally

decline

if

interest

rates

decrease.

Inverse

floaters,

interest-only

and

principal-only

securities

are

especially

sensitive

to

interest

rate

changes,

which

can

affect

not

only

their

prices

but

can

also

change

the

income

flows

and

repayment

assumptions

about

those

investments.

The

U.S.

government

and

the

U.S.

Federal

Reserve,

as

well

as

certain

foreign

governments

and

central

banks,

have

from

time

to

time

taken

steps

to

support

financial

markets.

The

U.S.

government

and

the

U.S.

Federal

Reserve

may,

conversely,

reduce

market

support

activities,

including

by

taking

action

intended

to

increase

certain

interest

rates.

This

and

other

government

intervention

may

not

work

as

intended,

particularly

if

the

efforts

are

perceived

by

investors

as

being

unlikely

to

achieve

the

desired

results.

Changes

in

government

activities

in

this

regard,

such

as

changes

in

interest

rate

policy,

can

negatively

affect

financial

markets

generally,

increase

market

volatility

and

reduce

the

value

and

liquidity

of

securities

in

which

the

Fund

invests.

Further,

in

market

environments

where

interest

rates

are

rising,

issuers

may

be

less

willing

or

able

to

make

principal

and

interest

payments

on

fixed-income

investments

when

due.

#### Prepayment Risk.
The

risk

that

the

issuer

of

a

debt

security,

including

floating

rate

loans

and

mortgage-related

securities,

repays

all

or

a

portion

of

the

principal

prior

to

the

security's

maturity.

In

times

of

declining

interest

rates,

there

is

a

greater

likelihood

that

the

Fund's

higher

yielding

securities

will

be

pre-paid

with

the

Fund

being

unable

to

reinvest

the

proceeds

in

an

investment

with

as

great

a

yield.

Prepayments

can

therefore

result

in

lower

yields

to

shareholders

of

a

Fund.

#### Defaulted

#### Securities

#### Risk:
the

significant

risk

of

the

uncertainty

of

repayment

of

defaulted

securities

(e.g.,

a

security

on

which

a

principal

or

interest

payment

is

not

made

when

due)

and

obligations

of

distressed

issuers

(including

insolvent

issuers

or

issuers

in

payment

or

covenant

default,

in

workout

or

restructuring

or

in

bankruptcy

or

similar

proceedings).

Such

investments

entail

high

risk

and

have

speculative

characteristics.

#### Derivatives

#### Risk:
the

risk

that

an

investment

in

derivatives

will

not

perform

as

anticipated

by

the

Advisers,

may

not

be

available

at

the

time

or

price

desired,

cannot

be

closed

out

at

a

favorable

time

or

price,

will

increase

the

Fund's

transaction

costs,

or

will

increase

the

Fund's

volatility;

that

derivatives

may

create

investment

leverage;

that,

when

a

derivative

is

used

as

a

substitute

for

or

alternative

to

a

direct

cash

investment,

the

transaction

may

not

provide

a

return

that

corresponds

precisely

or

at

all

with

that

of

the

cash

investment;

that

the

positions

may

be

improperly

executed

or

constructed;

that

the

Fund's

counterparty

will

be

unable

or

unwilling

to

perform

its

obligations;

or

that,

when

used

for

hedging

purposes,

derivatives

will

not

provide

the

anticipated

protection,

causing

the

Fund

to

lose

money

on

both

the

derivatives

transaction

and

the

exposure

the

Fund

sought

to

hedge.

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 91

#### Equity

#### Issuer

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

the

market

price

of

common

stocks

and

other

equity

securities

may

go

up

or

down,

sometimes

rapidly

or

unpredictably,

including

due

to

factors

affecting

equity

securities

markets

generally,

particular

industries

represented

in

those

markets,

or

the

issuer

itself.

#### Emerging

#### Market

#### Country

#### Risk:
the

risk

that

investing

in

emerging

markets,

as

compared

to

foreign

developed

markets,

increases

the

likelihood

that

the

Fund

will

lose

money,

due

to

more

limited

information

about

the

issuer

and/or

the

security;

higher

brokerage

costs;

different

accounting,

auditing

and

financial

reporting

standards;

less

developed

legal

systems;

fewer

investor

protections;

less

regulatory

oversight;

thinner

trading

markets;

the

possibility

of

currency

blockages

or

transfer

restrictions;

an

emerging

market

country's

dependence

on

revenue

from

particular

commodities

or

international

aid;

and

expropriation,

nationalization

or

other

adverse

political

or

economic

developments.

#### ETF

#### related

#### risks:

#### Active

#### Shares

#### Non-Transparent

#### Structure Risk:

#### For

#### CAPE

#### Only:
the

Fund

is

an

ETF

that

is

subject

to

the

risks

described

below.

Additionally,

because

the

ETF

utilizes

the

ActiveShares®

non-transparent

ETF

structure,

it

is

subject

to

additional

or

enhanced

ETF-related

risks.

Unlike

most

actively

managed

ETFs,

the

Fund

does

not

provide

daily

disclosure

of

its

portfolio

holdings.

Instead,

the

Fund

provides

a

verified

intraday

indicative

value

("VIIV"),

calculated

and

disseminated

every

second

throughout

the

trading

day.

The

VIIV

is

intended

to

provide

investors

with

an

intra-

day

highly-correlated

per

share

value

of

the

Fund

that

can

be

compared

to

the

current

market

price.

The

VIIV

is

designed

to

provide

sufficient

information

to

allow

for

an

effective

arbitrage

mechanism

that

will

keep

the

market

price

of

the

Fund's

shares

trading

at

or

close

to

the

underlying

net

asset

value

("NAV")

per

share

of

the

Fund.

Shares

traded

on

an

intraday

basis

on

an

exchange,

however,

will

not

have

a

fixed

relationship

to

the

previous

day's

or

the

current

day's

NAV.

There

is,

however,

a

risk,

which

may

increase

during

periods

of

market

disruption

or

volatility,

that

market

prices

will

vary

significantly

from

the

underlying

NAV

of

the

Fund.

Similarly,

because

the

Fund's

shares

trade

with

reference

to

a

published

VIIV,

they

may

trade

at

a

wider

bid/ask

spread

when

compared

to

shares

of

ETFs

that

publish

their

portfolios

on

a

daily

basis,

especially

during

periods

of

market

disruption

or

volatility,

and

therefore,

may

cost

investors

more

to

trade.

Although

the

Fund

seeks

to

benefit

from

keeping

its

portfolio

information

secret,

some

market

participants

may

attempt

to

use

information,

including

the

VIIV,

to

identify

the

Fund's

trading

strategy

and

the

securities

held

by

the

Fund,

which

if

successful,

could

result

in

such

market

participants

engaging

in

certain

predatory

trading

practices

that

may

have

the

potential

to

harm

the

Fund

and

its

shareholders.

In

the

event

of

a

system

failure

or

other

interruption,

including

disruptions

involving

a

limited

number

of

institutional

investors

(known

as

"Authorized

Participants"),

unaffiliated

broker-dealers

with

which

such

Authorized

Participant

has

signed

an

agreement

to

establish

a

confidential

account

for

the

benefit

of

such

Authorized

Participant

(an

"AP

Representative"),

or

market

makers,

orders

to

create

or

redeem

Creation

Units

(as

defined

below)

either

may

not

be

executed

according

to

an

Authorized

Participant's

instructions

or

may

not

be

executed

at

all,

or

an

Authorized

Participant

may

not

be

able

to

place

or

change

orders.

If

such

an

event

were

to

occur,

the

Fund's

shares

may

trade

in

the

secondary

market

at

a

greater

premium

or

discount

to

the

Fund's

NAV,

and

investors

may

pay

a

greater

bid/ask

spread

to

purchase

or

sell

the

Fund's

shares.

In

addition

to

risks

related

to

operation

of

ETFs,

the

use

of

this

structure

exposes

the

Fund

and

Fund

shareholders

to

additional

risks.

#### Authorized

#### Participant

#### and

#### AP

#### Representative

#### Concentration

#### Risk:

#### For

#### CAPE

#### Only:
As an

ETF,

the

Fund

issues

and

redeems

shares

on

a

continuous

basis

at

NAV

only

in Creation

Units. Only

Authorized

Participants

are

authorized

to

purchase

(or

create)

and

redeem

shares

directly

from

the

Fund.

Each

of

the

Fund's

Authorized

Participants

will

engage

in

all

creation

and

redemption

activity

through

an

AP

Representative.

The

AP

Representative

will

deliver

or

receive,

on

behalf

of

the

Authorized

Participant,

all

consideration

to

or

from

the

Fund

in

a

creation

or

redemption.

AP

Representatives

have

knowledge

of

the

composition

of

the

Fund's

portfolio

holdings,

and

are

restricted

from

disclosing

such

composition,

including

to

the

Authorized

Participants.

As

a

result

of

the

Fund's

use

of

the

ActiveShares®

structure

for

non-transparent

ETFs,

there

may

be

a

more

limited

number

of

institutions

that

are

willing

to

act

as

Authorized

Participants

or

as

AP

Representatives.

During

times

of

market

stress,

Authorized

Participants

may

be

more

likely

to

step

away

from

a

non-transparent

ETF

than

a

traditional

ETF.

To

the

extent

these

institutions

exit

the

business

or

are

unable

to

proceed

with

creation

and/or

redemption

orders

with

respect

to

the

Fund,

or

are

unavailable

to

purchase

and

sell

securities

in

connection

with

creation

and/or

redemption

orders,

as

applicable,

and

no

other

Authorized

Participant

or

AP

Representative

agrees

to

create

or

redeem,

or

purchase

or

sell

securities,

as

applicable,

the

arbitrage

mechanism

for

keeping

the

market

price

of

Fund

shares

trading

at

or

close

to

the

Fund's

per

share

NAV

may

be

impaired,

and

Fund

shares

may

trade

at

a

premium

or

discount

to

NAV

and

possibly

face

trading

halts

and/or

delisting.

These

risks

may

be

more

pronounced

in

volatile

markets,

particularly

where

there

are

significant

redemptions

in

ETFs

generally.

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 92

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

#### Authorized

#### Participant

#### Concentration

#### Risk: For

#### Funds

#### other

#### than

#### semitransparent

#### ETF's:
&nbsp;&nbsp;&nbsp;&nbsp;As

an

ETF,

the

Fund

issues

and

redeems

shares

on

a

continuous

basis

at

net

asset

value

("NAV")

only

in

a

large

specified

number

of

shares

called

a

"Creation

Unit."

Only

a

limited

number

of

institutional

investors

(known

as

"Authorized

Participants")

are

authorized

to

purchase

(or

create)

and

redeem

shares

directly

from

the

Fund.

To

the

extent

that

these

institutions

exit

the

business

or

are

unable

to

proceed

with

creation

and/or

redemption

orders

with

respect

to

the

Fund

and

no

other

Authorized

Participant

is

able

to

step

forward

to

create

or

redeem,

in

either

of

these

cases,

Fund

shares

may

trade

at

a

discount

to

NAV

and

possibly

face

trading

halts

and/or

delisting.

#### Secondary

#### Market

#### Trading

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;as

an

ETF,

shares

of

the

Fund

trade

on

an

exchange,

the

NYSE

Arca,

Inc.

(the

"Exchange").

The

Fund

faces

numerous

market

trading

risks,

including

the

potential

lack

of

an

active

market

for

Fund

shares,

losses

from

trading

in

secondary

markets,

periods

of

high

volatility

and

disruptions

in

the

creation/

redemption

process.

Any

of

these

factors,

among

others,

may

lead

to

the

Fund's

shares

trading

at

a

premium

or

discount

to

NAV.

#### Absence

#### of

#### Active

#### Market:
although

the

Fund's

shares

are

currently

listed

for

trading

on

the

Exchange,

there

can

be

no

assurance

that

an

active

trading

market

for

such

shares

will

develop

or

be

maintained

by

market

makers

or

Authorized

Participants.

Authorized

Participants

are

not

obligated

to

execute

purchase

or

redemption

orders

for

Creation

Units.

In

periods

of

market

volatility,

market

makers

and/or

Authorized

Participants

may

be

less

willing

to

transact

in

Fund

shares.

The

absence

of

an

active

market

for

the

Fund's

shares

may

contribute

to

the

Fund's

shares

trading

at

a

premium

or

discount

to

NAV.

#### Early

#### Close/Trading

#### Halt/Delisting

#### Risk:
Trading

in

Fund

shares

may

be

halted

due

to

market

conditions

or

for

other

reasons

that,

in

the

view

of

the

Exchange,

make

trading

in

shares

of

the

Fund

inadvisable.

Additionally,

an

exchange

or

market

may

close

or

issue

trading

halts

on

specific

securities,

or

the

ability

to

buy

or

sell

certain

securities

or

financial

instruments

may

be

restricted,

which

may

result

in

the

Fund

being

unable

to

buy

or

sell

certain

securities

or

financial

instruments.

In

such

circumstances,

the

Fund

may

be

unable

to

rebalance

its

portfolio,

may

be

unable

to

accurately

price

its

investments

and/or

may

incur

substantial

trading

losses.

The

Fund

must

satisfy

various

standards

established

by

the

Exchange

in

order

to

ensure

that

Fund

shares

can

continue

to

be

listed

for

trading.

There

can

be

no

assurance

that

the

requirements

of

the

Exchange

necessary

to

maintain

the

listing

of

the

Fund

will

continue

to

be

met.

#### For

#### CAPE

#### Only:
trading

in

Fund

shares

may

be

halted

due

to

market

conditions

or

for

other

reasons

that,

in

the

view

of

the

Exchange,

make

trading

in

shares

of

a

Fund

inadvisable.

Additionally,

an

exchange

or

market

may

close

or

issue

trading

halts

on

specific

securities,

or

the

ability

to

buy

or

sell

certain

securities

or

financial

instruments

may

be

restricted,

which

may

result

in

the

Fund

being

unable

to

buy

or

sell

certain

securities

or

financial

instruments.

In

such

circumstances,

the

Fund

may

be

unable

to

rebalance

its

portfolio,

may

be

unable

to

accurately

price

its

investments

and/or

may

incur

substantial

trading

losses.

If

at

any

time

securities

representing

10%

or

more

of

the

Fund's

portfolio

become

subject

to

a

trading

halt

or

otherwise

do

not

have

readily

available

market

quotations,

the

Fund

will

request

that

the

Exchange

halt

trading

of

the

Fund's

shares.

Further,

if

there

is

a

discrepancy

of

sufficient

magnitude

between

the

value

of

the

Fund's

portfolio

securities

as

calculated

by

the

Fund's

two

calculation

engines

for

VIIV

purposes,

the

Exchange

will

have

the

ability

to

halt

trading

of

the

Fund's

shares.

During

such

trading

halts,

although

the

primary

VIIV

would

continue

to

be

calculated

and

disseminated,

investors

in

the

Fund's

shares

will

not

be

able

to

freely

trade

their

shares.

Additionally,

the

Fund

must

satisfy

various

other

standards

established

by

the

Exchange

in

order

to

ensure

that

Fund

shares

can

continue

to

be

listed

for

trading.

There

can

be

no

assurance

that

the

requirements

of

the

Exchange

necessary

to

maintain

the

listing

of

the

Fund

will

continue

to

be

met.

#### Trading

#### in

#### fund

#### shares

#### is

#### subject

#### to

#### expenses:
Most

Fund

investors

will

buy

and

sell

Fund

shares

on

the

Exchange

or

on

another

secondary

market.

When

buying

or

selling

shares

of

the

Fund,

investors

typically

will

pay

brokerage

commissions

or

other

charges

imposed

by

brokers

as

determined

by

that

broker.

In

addition,

secondary

market

investors

will

also

incur

the

cost

of

the

difference

between

the

price

that

a

buyer

is

willing

to

pay

for

shares

(the

"bid"

price)

and

the

price

at

which

a

seller

is

willing

to

sell

shares

(the

"ask"

price).

This

difference

in

bid

and

ask

prices

is

often

referred

to

as

the

"spread"

or

"bid/ask

spread."

#### Fund

#### shares

#### may

#### be

#### sold

#### short:
Shares

of

the

Fund,

similar

to

shares

of

other

issuers

listed

on

a

stock

exchange,

may

be

sold

short

and

are

therefore

subject

to

the

risk

of

increased

volatility

and

price

decreases

associated

with

short

selling

activity.

#### Fund

#### shares

#### may

#### trade

#### at

#### prices

#### other

#### than

#### NAV
:

shares

of

the

Fund

trade

on

the

Exchange

at

prices

at,

above

or

below

the

Fund's

most

recent

NAV.

The

NAV

of

the

Fund

is

calculated

at

the

end

of

each

business

day

and

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 93
fluctuates

with

changes

in

the

market

value

of

the

Fund's

holdings.

The

trading

price

of

the

Fund's

shares

fluctuates

continuously

throughout

trading

hours

in

response

to

relative

supply

of

and

demand

for

Fund

shares

on

the

Exchange

and

the

underlying

value

of

the

Fund's

portfolio

holdings

or

NAV.

As

a

result,

the

trading

prices

of

the

Fund's

shares

may

deviate

significantly

from

NAV

during

periods

of

market

volatility,

including

during

periods

of

high

redemption

requests

or

other

unusual

market

conditions.

Any of

these

factors, among

others, may lead to the fund's shares trading at a premium or discount to

NAV.

Disruptions

to

creations

and

redemptions,

the

existence

of

extreme

market

volatility

or

potential

lack

of

an

active

trading

market

for

Fund

shares

may

result

in

shares

trading

at

a

significant

premium

or

discount

to

NAV

and/or

in

a

reduced

liquidity

of

a

shareholder's

investment.

During

such

periods,

shareholders

may

be

unable

to

sell

their

shares,

may

pay

significantly

more

than

NAV

when

buying

Fund

shares,

or

may

receive

significantly

less

than

NAV

when

selling

Fund

shares.

For

CAPE

Only:

shares

of

the

Fund

trade

on

the

Exchange

at

prices

at,

above

or

below

the

Fund's

most

recent

NAV.

The

NAV

of

the

Fund

is

calculated

at

the

end

of

each

business

day

and

fluctuates

with

changes

in

the

market

value

of

the

Fund's

holdings.

The

trading

price

of

the

Fund's

shares

will

fluctuate,

in

some

cases

materially,

throughout

trading

hours

in

response

to

changes

in

the

Fund's

VIIV,

the

relative

supply

of

and

demand

for

Fund

shares

on

the

Exchange

and

the

underlying

value

of

the

Fund's

portfolio

holdings

or

NAV.

As

a

result,

the

trading

prices

of

the

Fund's

shares

may

deviate

significantly

from

NAV

during

periods

of

market

volatility,

including

during

periods

of

high

redemption

requests

or

other

unusual

market

conditions.

Any

of

these

factors,

among

others,

may

lead

to

the

fund's

shares

trading

at

a

premium

or

discount

to

NAV.

This

risk

may

be

greater

for

the

Fund

than

for

traditional

ETFs

that

disclose

their

full

portfolio

holdings

on

a

daily

basis.

Disruptions

to

creations

and

redemptions,

the

existence

of

extreme

market

volatility

or

potential

lack

of

an

active

trading

market

for

Fund

shares

may

result

in

shares

trading

at

a

significant

premium

or

discount

to

NAV

and/or

in

a

reduced

liquidity

of

a

shareholder's

investment.

During

such

periods,

shareholders

may

be

unable

to

sell

their

shares,

may

pay

significantly

more

than

NAV

when

buying

Fund

shares,

or

may

receive

significantly

less

than

NAV

when

selling

Fund

shares.

#### Portfolio

#### Security

#### Trading

#### Risk:

#### For

#### CAPE

#### Only
:

an

exchange

or

market

may

close

or

issue

trading

halts

on

specific

securities,

or

the

ability

to

buy

or

sell

certain

securities

or

financial

instruments

may

be

restricted,

which

may

result

in

the

Fund

being

unable

to

buy

or

sell

certain

portfolio

securities

or

financial

instruments.

In

such

circumstances,

the

Fund

may

be

unable

to

engage

in

Fund

portfolio

transactions

to

rebalance

its

portfolio,

may

be

unable

to

have

its

investments

accurately

priced

for

purposes

of

determining

its

VIIV,

and

may

have

difficulty

calculating

its

NAV.

These

events

may

result

in

losses

to

shareholders.

Any

extended

trading

halt

in

a

portfolio

security

may

exacerbate

discrepancies

between

the

VIIV

and

the

underlying

NAV

of

the

Fund.

If

a

portfolio

security

does

not

have

readily

available

market

quotations,

e.g.,

if

subject

to

an

extended

trading

halt,

that

fact,

along

with

the

identity

and

weighting

of

that

security

in

the

Fund's

VIIV

calculation,

will

be

publicly

disclosed

on

the

Fund's

website.

Trading

halts

of

portfolio

securities

may

have

a

greater

impact

on

the

Fund,

as

compared

with

traditional

ETFs,

due

to

less

frequent

dissemination

of

the

Fund's

portfolio

holdings.

#### Financial

#### Services

#### Risk:
The

risk

that

an

investment

in

issuers

in

the

financial

services

sector

or

transactions

with

one

or

more

counterparties

in

the

financial

services

sector

may

be

adversely

affected

by,

among

other

things:

(i) changes

in

governmental

regulation,

which

may

limit

both

the

amounts

and

the

types

of

loans

and

other

financial

commitments

financial

services

companies

can

make,

the

interest

rates

and

fees

they

can

charge,

the

scope

of

their

activities,

the

prices

they

can

charge

and

the

amount

of

capital

they

must

maintain;

(ii) fluctuations,

including

as

a

result

of

interest

rate

changes

or

increased

competition,

in

the

availability

and

cost

of

capital

of

funds

on

which

the

profitability

of

financial

services

companies

is

largely

dependent;

(iii) deterioration

of

the

credit

markets;

(iv) credit

losses

resulting

from

financial

difficulties

of

borrowers,

especially

when

financial

services

companies

are

exposed

to

non-diversified

or

concentrated

loan

portfolios;

(v) financial

losses

associated

with

investment

activities,

especially

when

financial

services

companies

are

exposed

to

financial

leverage;

(vi) the

risk

that

any

financial

services

company

experiences

substantial

declines

in

the

valuations

of

its

assets,

takes

action

to

raise

capital,

or

ceases

operations;

(vii) the

risk

that

a

market

shock

or

other

unexpected

market,

economic,

political,

regulatory,

or

other

event

might

lead

to

a

sudden

decline

in

the

values

of

most

or

all

companies

in

the

financial

services

sector;

(viii) events

leading

to

limited

liquidity,

defaults,

non-performance

or

other

adverse

developments

that

affect

financial

institutions

or

the

financial

services

industry

generally,

or

concerns

or

rumors

about

any

events

of

these

kinds

or

other

similar

risks,

leading

to

market-wide

liquidity

problems;

and

(ix) the

interconnectedness

or

interdependence

among

financial

services

companies,

including

the

risk

that

the

financial

distress

or

failure

of

one

financial

services

company

may

materially

and

adversely

affect

a

number

of

other

financial

services

companies.

#### Focused

#### Investment Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

a

fund

that

invests

a

substantial

portion

of

its

assets

in

a

particular

market,

industry,

sector,

group

of

industries

or

sectors,

country,

region,

group

of

countries

or

asset

class

is,

relative

to

a

fund

that

invests

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 94

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

in

a

more

diverse

investment

portfolio,

more

susceptible

to

any

single

economic,

market,

political,

regulatory

or

other

occurrence.

This

is

because,

for

example,

issuers

in

a

particular

market,

industry,

region,

sector

or

asset

class

may

react

similarly

to

specific

economic,

market,

regulatory,

political

or

other

developments.

The

particular

markets,

industries,

regions,

sectors

or

asset

classes

in

which

the

Fund

may

focus

its

investments

may

change

over

time

and

the

Fund

may

alter

its

focus

at

inopportune

times.

#### Foreign

#### Currency

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

fluctuations

in

exchange

rates

may

adversely

affect

the

value

of

a

Fund's

investments

denominated

in

foreign

currencies.

#### Foreign

#### Investing Risk:
The

risk

that

investments

in

foreign

securities

or

in

issuers

with

significant

exposure

to

foreign

markets,

as

compared

to

investments

in

U.S.

securities

or

in

issuers

with

predominantly

domestic

market

exposure,

may

be

more

vulnerable

to

economic,

political,

and

social

instability

and

subject

to

less

government

supervision,

less

protective

custody

practices,

lack

of

transparency,

inadequate

regulatory

and

accounting

standards,

delayed

or

infrequent

settlement

of

transactions,

and non-U.S.

taxes.

If

a

Fund

buys

securities

denominated

in

a

foreign

currency,

receives

income

in

foreign

currencies,

or

holds

foreign

currencies

from

time

to

time,

the

value

of

the

Fund's

assets,

as

measured

in

U.S.

dollars,

can

be

affected

unfavorably

by

changes

in

exchange

rates

relative

to

the

U.S.

dollar

or

other

foreign

currencies.

Foreign

markets

are

also

subject

to

the

risk

that

a

foreign

government

could

restrict

foreign

exchange

transactions

or

otherwise

implement

unfavorable

currency

regulations.

In

addition,

foreign

securities

may

be

subject

to

currency

exchange

rates

or

regulations,

the

imposition

of

economic

sanctions,

tariffs or

other

government

restrictions,

higher

transaction

and

other

costs,

reduced

liquidity,

and

delays

in

settlement.

#### High

#### Yield

#### Risk:
The

risk

that

debt

instruments

rated

below

investment

grade

or

debt

instruments

that

are

unrated

and

of

comparable

or

lesser

quality

are

predominantly

speculative.

These

instruments,

commonly

known

as

"junk

bonds,"

have

a

higher

degree

of

default

risk

and

may

be

less

liquid

than

higher-rated

bonds.

These

instruments

may

be

subject

to

greater

price

volatility

due

to

such

factors

as

specific

corporate

developments,

interest

rate

sensitivity,

negative

perceptions

of

high

yield

investments

generally,

and

less

secondary

market

liquidity.

#### index risk:

#### For

#### CAPE

#### Only:
although

the

Adviser

has

licensed

from

the

Index's

sponsor

the

right

to

use

the

Index

as

part

of

implementing

the

Fund's

principal

investment

strategies,

there

can

be

no

guarantee

that

the

Index

will

be

maintained

indefinitely

or

that

the

Fund

will

be

able

to

continue

to

utilize

the

Index

to

implement

the

Fund's

principal

investment

strategies

indefinitely.

If

the

sponsor

of

the

Index

ceases

to

maintain

the

Index,

the

Fund

no

longer

has

the

ability

to

utilize

the

Index

to

implement

its

principal

investment

strategies,

or

other

circumstances

exist

that

the

Adviser

or

the

Fund's

Board

of

Trustees

concludes

substantially

limit

the

Fund's

ability

to

create

cost-effective

synthetic

investment

exposure

to

the

Index,

the

Adviser

or

the

Fund's

Board

of

Trustees

may

substitute

the

Index

with

another

index

that

it

chooses

in

its

sole

discretion.

There

can

be

no

assurance

that

any

substitute

index

so

selected

will

be

similar

to

the

Index

or

will

perform

in

a

manner

similar

to

the

Index.

Unavailability

of

the

Index

could

affect

adversely

the

ability

of

the

Fund

to

achieve

its

investment

objective.

#### For

#### DCMT

#### only:
the

risk

that

the

portion

of

the

Fund

invested

in

instruments

based

on

an

index

or

basket

of

commodities

or

that

use

an

index

or

basket

of

commodities

as

the

reference

asset

may

not

match

or

may

underperform

the

return

of

the

index

or

basket

for

a

number

of

reasons,

including,

for

example,

(i) the

performance

of

derivatives

related

to

an

index

or

basket

in

which

the

Fund

invests

may

not

correlate

with

the

performance

of

the

index

or

basket

and/or

may

underperform

the

index

or

basket

due

to

transaction

costs,

fees,

or

other

aspects

of

the

transaction's

pricing;

(ii) the

Fund

may

not

be

able

to

find

counterparties

willing

to

enter

into

derivative

instruments

whose

returns

are

based

on

the

return

of

the

index

or

basket,

or

the

Fund

may

be

unable

to

find

parties

who

are

willing

to

do

so

at

an

acceptable

cost

or

level

of

risk

to

the

Fund;

and

(iii) errors

may

arise

in

carrying

out

an

index's

methodology,

or

an

index

provider

may

incorrectly

report

information

concerning

the

index.

There

can

be

no

guarantee

that

any

index,

including

the

Barclays

Index,

will

be

maintained

indefinitely

or

that

the

Fund

will

be

able

to

continue

to

utilize

a

specific

index

to

implement

the

Fund's

principal

investment

strategies

indefinitely.

Although

the

Adviser

has

licensed

the

right

to

use

the

Barclays

Index

as

part

of

implementing

the

Fund's

principal

investment

strategies,

there

can

be

no

guarantee

that

the

Barclays

will

maintain

it

indefinitely,

that

the

Fund

will

use

the

Barclays

Index

to

implement

its

principal

investment

strategies,

or

that

other

circumstances

will

not

prevent

the

Fund

from

obtaining

cost-effective

synthetic

investment

exposure

to

the

Barclays

Index.

In

those

or

similar

conditions,

the

Adviser

or

the

Fund's

Board

may,

in

its

sole

discretion

and

without

advance

notice

to

shareholders,

license

or

select

another

index

or

basket

of

commodities

to

use

in

implementing

the

Fund's

principal

investment

strategies.

There

can

be

no

assurance

that

any

substitute

index

or

basket

so

selected

will

be

similar

to

the

Barclays

Index

or

will

perform

in

a

manner

similar

to

the

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 95
Barclays

Index.

Unavailability

of

the

Barclays

Index

could

affect

adversely

the

ability

of

the

Fund

to

achieve

its

investment

objective.

The

Barclays

Index

consists

of

futures

contracts

that

were

selected,

in

part,

on

the

basis

of

their

historical

backwardation

in

relation

to

the

spot

price

for

the

underlying

commodity

and

on

carry

characteristics,

seasonality,

momentum,

and

fundamentals.

Any

investment

exposure

tied

or

related

to

the

Barclays

Index

is

subject

to,

among

other

things,

the

risk

that

the

historical

behavior

of

the

futures

contracts

comprising

the

Barclays

Index

may

not

continue

as

expected

and

that

the

prices

of

the

futures

contracts

held

by

the

Fund

may

depreciate.

#### For

#### DFVE

#### Only:
the

risk

that

the

Fund

may

underperform

the

return

of

the

Underlying

Index

for

a

number

of

reasons,

including,

for

example,

(i) the

performance

of

investments

or

derivatives

related

to

the

Underlying

Index

may

not

correlate

with

the

Underlying

Index

and/or

may

underperform

the

Index

due

to

transaction

costs,

fees,

or

other

aspects

of

the

transaction's

pricing;

(ii) the

Fund

may

not

be

able

to

find

counterparties

willing

to

enter

into

derivative

instruments

whose

returns

are

based

on

the

return

of

the

Underlying

Index

or

find

parties

who

are

willing

to

do

so

at

an

acceptable

cost

or

level

of

risk

to

the

Fund;

and

(iii) errors

may

arise

in

carrying

out

the

Underlying

Index's

methodology,

or

the

Index

Provider

may

incorrectly

report

information

concerning

the

Index.

Although

the

Adviser

has

licensed

from

the

Index

Provider

the

right

to

use

the

Underlying

Index

as

part

of

implementing

the

Fund's

principal

investment

strategies,

there

can

be

no

guarantee

that

the

Underlying

Index

will

be

maintained

indefinitely

or

that

the

Fund

will

be

able

to

continue

to

utilize

the

Underlying

Index

to

implement

the

Fund's

principal

investment

strategies

indefinitely.

If

the

Index

Provider

ceases

to

maintain

the

Underlying

Index,

the

Fund

no

longer

has

the

ability

to

utilize

the

Underlying

Index

to

implement

its

principal

investment

strategies,

or

other

circumstances

exist

that

the

Adviser

or

the

Fund's

Board

of

Trustees

concludes

substantially

limit

the

Fund's

ability

to

gain

investment

exposure

to

the

Underlying

Index,

the

Adviser

or

the

Fund's

Board

of

Trustees

may

substitute

the

Underlying

Index

with

another

index

that

it

chooses

in

its

sole

discretion

and

upon

days'

prior

written

notice

to

shareholders.

There

can

be

no

assurance

that

any

substitute

index

so

selected

will

be

similar

to

the

Underlying

Index

or

will

perform

in

a

manner

similar

to

the

Index.

Unavailability

of

the

Underlying

Index

could

affect

adversely

the

ability

of

the

Fund

to

achieve

its

investment

objective.

#### Index

#### Provider

#### Risk:
The

risk

that

the

Index

Provider

may

delay

or

add

a

rebalance

date,

which

may

adversely

impact

the

performance

of

the

Fund

and

its

correlation

to

the

Underlying

Index.

In

addition,

there

is

no

guarantee

that

the

methodology

used

by

the

Index

Provider

to

identify

constituents

for

the

Underlying

Index

will

achieve

its

intended

result

or

positive

performance.

The

Underlying

Index

relies

on

various

sources

of

information

to

assess

the

potential

constituents

of

the

Underlying

index,

including

information

that

may

be

based

on

assumptions

or

estimates.

There

is

no

assurance

that

the

sources

of

the

information

are

reliable,

and

the

Adviser

does

not

assess

the

due

diligence

conducted

by

the

Index

Provider

with

respect

to

the

data

it

uses

or

the

index

construction

and

computation

processes.

Errors

in

Underlying

Index

data,

computations,

or

the

construction

of

the

Underlying

Index

in

accordance

with

its

methodology

may

occur

from

time

to

time

and

may

not

be

identified

and/or

corrected

for

a

period

of

time

or

at

all,

which

may

have

an

adverse

impact

on

the

Fund.

#### Industry

#### Concentration

#### Risk:
The

risk

that,

in

following

its

methodology,

the

Underlying

Index

from

time

to

time

may

be

concentrated

to

a

significant

degree

in

securities

of

issuers

operating

in

a

single

industry

or

industry

group.

To

the

extent

that

the

Underlying

Index

concentrates

in

the

securities

of

issuers

in

a

particular

industry

or

industry

group,

the

Fund

will

also

concentrate

its

investments

to

approximately

the

same

extent.

By

concentrating

its

investments

in

an

industry

or

industry

group,

the

Fund

may

face

more

risks

than

if

it

were

diversified

broadly

over

numerous

industries

or

industry

groups.

Such

industry-based

risks,

any

of

which

may

adversely

affect

the

companies

in

which

the

Fund

invests,

may

include,

but

are

not

limited

to,

the

following:

general

economic

conditions

or

cyclical

market

patterns

that

could

negatively

affect

supply

and

demand

in

a

particular

industry;

competition

for

resources;

adverse

labor

relations;

political

or

world

events;

obsolescence

of

technologies;

and

increased

competition

or

new

product

introductions

that

may

affect

the

profitability

or

viability

of

companies

in

an

industry.

In

addition,

at

times,

such

industry

or

industry

group

may

be

out

of

favor

and

underperform

other

industries

or

the

market

as

a

whole.

#### Inflation-Indexed

#### Bond

#### Risk:
The

risk

that

such

bonds

will

change

in

value

in

response

to

actual

or

anticipated

changes

in

inflation

rates

in

a

manner

unanticipated

by

a

Fund's

portfolio

management

team

or

investors

generally.

Inflation-indexed

bonds

are

subject

to

debt

securities

risks.

#### Investment

#### Company

#### and

#### Exchange-Traded

#### Fund

#### Risk:
The

risk

that

an

investment

company

or

other

pooled

investment

vehicle,

including

any

ETFs

or

money

market

funds,

in

which

the

Fund

invests

will

not

achieve

its

investment

objective

or

execute

its

investment

strategies

effectively

or

that

significant

purchase

or

redemption

activity

by

shareholders

of

such

an

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 96

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

investment

company

might

negatively

affect

the

value

of

its

shares.

The

Fund

must

pay

its

pro

rata

portion

of

an

investment

company's

fees

and

expenses.

To

the

extent

the

Advisers

determine

to

invest

Fund

assets

in

other

investment

companies,

the

Advisers

will

have

an

incentive

to

invest

in

other

investment

vehicles

sponsored

or

advised

by

the

Advisers

or

a

related

party

of

the

Advisers

over

investment

companies

sponsored

or

managed

by

others

and

to

maintain

such

investments

once

made

due

to

its

own

financial

interest

in

those

products

and

other

business

considerations.

#### Large

#### Capitalization

#### Risk:
The

risk

that

investing

substantially

in

issuers

in

one

market

capitalization

category

(large,

medium,

or

small)

may

adversely

affect

the

Fund

because

of

unfavorable

market

conditions

particularly

to

that

category

of

issuers,

such

as

larger,

more

established

companies

being

unable

to

respond

quickly

to

new

competitive

challenges

or

attain

the

high

growth

rates

of

successful

smaller

companies,

or,

conversely,

stocks

of

smaller

companies

being

more

volatile

than

those

of

larger

companies

due

to,

among

other

things,

narrower

product

lines,

more

limited

financial

resources,

fewer

experienced

managers

and

there

typically

being

less

publicly

available

information

about

small

capitalization

companies.

The

Fund

expects

to

have

exposure

particularly

to

larger

capitalization

issuers

through

its

exposure

to

the

Underlying

Index.

#### Large

#### Transactions Risk:
The

risk

that

certain

account

holders,

including

the

Advisers

or

funds

or

accounts

over

which

the

Advisers(or

related

parties

of

the

Advisers)

have

investment

discretion,

may

from

time

to

time

own

or

control

a

significant

percentage

of

the

Fund's

shares.

The

Fund

is

subject

to

the

risk

that

a

redemption

by

those

shareholders

of

all

or

a

portion

of

their

Fund

shares,

including

as

a

result

of

an

asset

allocation

decision

made

by

the

Advisers

(or

related

parties

of

the

Advisers),

will

adversely

affect

the

Fund's

performance

if

it

is

forced

to

sell

portfolio

securities

or

invest

cash

when

the

Advisers

would

not

otherwise

choose

to

do

so.

In

addition,

a

large

number

of

shareholders

collectively

may

purchase

or

sell

Fund

shares

in

large

amounts

rapidly

or

unexpectedly.

Redemptions

of

a

large

number

of

shares

may

affect

the

liquidity

of

the

Fund's

portfolio,

increase

the

Fund's

transaction

costs,

and

accelerate

the

realization

of

taxable

income

and/or

gains

to

shareholders.

Shareholder

redemptions

can

only

be

effected

in

Creation

Units.

#### Leverage

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

certain

investments

by

a

Fund

involving

leverage

may

have

the

effect

of

increasing

the

volatility

of

the

value

of

the

Fund's

portfolio,

and

the

risk

of

loss

in

excess

of

invested

capital.

#### Limited

#### Operating

#### History

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

a

Fund

that

has

recently

been

formed

has

a

limited

operating

history

to

evaluate.

The

Fund

may

not

attract

sufficient

assets

to

achieve

or

maximize

investment

and

operational

efficiencies

and

remain

viable.

If

the

Fund

fails

to

achieve

sufficient

scale,

it

may

be

liquidated.

#### Liquidity

#### Risk:
The

risk

that

the

Fund

may

be

unable

to

sell

a

portfolio

investment

at

a

desirable

time

or

at

the

value

the

Fund

has

placed

on

the

investment.

Illiquidity

may

be

the

result

of,

for

example,

low

trading

volume,

lack

of

a

market

maker,

or

contractual

or

legal

restrictions

that

limit

or

prevent

the

Fund

from

selling

securities

or

closing

derivative

positions.

During

periods

of

substantial

market

disruption,

a

large

portion

of

the

Fund's

assets

could

potentially

experience

significant

levels

of

illiquidity.

The

values

of

illiquid

investments

are

often

more

volatile

than

the

values

of

more

liquid

investments.

It

may

be

more

difficult

for

the

Fund

to

determine

a

fair

value

of

an

illiquid

investment

than

that

of

a

more

liquid

comparable

investment.

#### Loan

#### Risk:
The

risk

that

(i) if

the

Fund

holds

a

loan

through

another

financial

intermediary,

or

relies

on

a

financial

intermediary

to

administer

the

loan,

its

receipt

of

principal

and

interest

on

the

loan

may

be

subject

to

the

credit

risk

of

that

financial

intermediary;

(ii) any

collateral

securing

a

loan

may

be

insufficient

or

unavailable

to

the

Fund,

because,

for

example,

the

value

of

the

collateral

securing

a

loan

can

decline,

be

insufficient

to

meet

the

obligations

of

the

borrower,

or

be

difficult

to

liquidate,

and

the

Fund's

rights

to

collateral

may

be

limited

by

bankruptcy

or

insolvency

laws;

(iii) investments

in

highly

leveraged

loans

or

loans

of

stressed,

distressed,

or

defaulted

issuers

may

be

subject

to

significant

credit

and

liquidity

risk;

(iv) a

bankruptcy

or

other

court

proceeding

could

delay

or

limit

the

ability

of

the

Fund

to

collect

the

principal

and

interest

payments

on

that

borrower's

loans

or

adversely

affect

the

Fund's

rights

in

collateral

relating

to

a

loan;

(v) there

may

be

limited

public

information

available

regarding

the

loan

and

the

relevant

borrower(s);

(vi) the

use

of

a

particular

interest

rate

benchmark,

may

limit

the

Fund's

ability

to

achieve

a

net

return

to

shareholders

that

consistently

approximates

the

average

published

Prime

Rate

of

U.S.

banks;

(vii) the

prices

of

certain

floating

rate

loans

that

include

a

feature

that

prevents

their

interest

rates

from

adjusting

if

market

interest

rates

are

below

a

specified

minimum

level

may

appreciate

less

than

other

instruments

in

response

to

changes

in

interest

rates

should

interest

rates

rise

but

remain

below

the

applicable

minimum

level;

(viii) if

a

borrower

fails

to

comply

with

various

restrictive

covenants

that

may

be

found

in

loan

agreements,

the

borrower

may

default

in

payment

of

the

loan;

(ix) if

the

Fund

invests

in

loans

that

contain

fewer

or

less

restrictive

constraints

on

the

borrower

than

certain

other

types

of

loans

("covenant-lite"

loans),

it

may

have

fewer

rights

against

the

borrowers

of

such

loans,

including

fewer

protections

against

the

possibility

of

default

and

fewer

remedies

in

the

event

of

default;

(x) the

loan

is

unsecured;

(xi) there

is

a

limited

secondary

market;

(xii) transactions

in

loans

may

settle

on

a

delayed

basis,

and

the

Fund

may

not

receive

the

proceeds

from

the

sale

of

a

loan

for

a

substantial

period

of

time

after

the

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 97
sale,

which

may

result

in

sale

proceeds

related

to

the

sale

of

loans

not

being

available

to

make

additional

investments

or

to

meet

the

Fund's

redemption

obligations

until

potentially

a

substantial

period

after

the

sale

of

the

loans;

and

(xiii) loans

may

be

difficult

to

value

and

may

be

illiquid,

which

may

adversely

affect

an

investment

in

the

Fund.

The

Fund

may

invest

in

loans

directly

or

indirectly

by

investing

in

shares

of

another

investment

company

and

in

either

case

will

be

subject

to

the

risks

described

above.

#### Market

#### Capitalization

#### Risk:

#### For

#### CAPE

#### Only:
the

risk

that

investing

substantially

in

issuers

in

one

market

capitalization

category

(large,

medium

or

small)

may

adversely

affect

the

Fund

because

of

unfavorable

market

conditions

particular

to

that

category

of

issuers,

such

as

larger,

more

established

companies

being

unable

to

respond

quickly

to

new

competitive

challenges

or

attain

the

high

growth

rates

of

successful

smaller

companies,

or,

conversely,

stocks

of

smaller

companies

being

more

volatile

than

those

of

larger

companies

due

to,

among

other

things,

narrower

product

lines,

more

limited

financial

resources,

fewer

experienced

managers

and

there

typically

being

less

publicly

available

information

about

small

capitalization

companies.

#### Market Risk:
The

risk

that

markets

will

perform

poorly

or

that

the

returns

from

the

securities

in

which

the

Fund

invests

will

underperform

returns

from

the

general

securities

markets

or

other

types

of

investments.

Markets

may,

in

response

to

governmental

actions

or

intervention

or

general

market

conditions,

including

real

or

perceived

adverse

political,

economic

or

market

conditions,

tariffs

and

trade

disruptions,

inflation,

recession,

changes

in

interest

or

currency

rates,

lack

of

liquidity

in

the

bond

markets

or

adverse

investor

sentiment,

or

other

external

factors,

experience

periods

of

high

volatility

and

reduced

liquidity.

During

those

periods,

the

Fund

may

experience

high

levels

of

shareholder

redemptions,

which

may

only

occur

in

Creation

Units.

To

satisfy

such

redemptions,

the

Fund

may

have

to

sell

securities

at

times

when

the

Fund

would

otherwise

not

do

so,

and

potentially

at

unfavorable

prices.

Certain

securities

may

be

difficult

to

value

during

such

periods.

Market

risk

involves

the

risk

that

the

value

of

the

Fund's

investment

portfolio

will

change,

potentially

frequently

and

in

large

amounts,

as

the

prices

of

its

investments

go

up

or

down.

During

periods

of

severe

market

stress,

it

is

possible

that

the

market

for

some

or

all

of

the

Fund's

investments

may

become

highly

illiquid.

The

U.S.

government

and

the

U.S.

Federal

Reserve,

as

well

as

certain

foreign

governments

and

central

banks,

have

from

time

to

time

taken

steps

to

support

financial

markets.

The

U.S.

government

and

the

U.S.

Federal

Reserve

may,

conversely,

reduce

market

support

activities,

including

by

taking

action

intended

to

increase

certain

interest

rates.

This

and

other

government

intervention

may

not

work

as

intended,

particularly

if

the

efforts

are

perceived

by

investors

as

being

unlikely

to

achieve

the

desired

results.

Changes

in

government

activities

in

this

regard,

such

as

changes

in

interest

rate

policy,

can

negatively

affect

financial

markets

generally,

increase

market

volatility

and

reduce

the

value

and

liquidity

of

securities

in

which

the

Fund

invests.

#### Models

#### and

#### Data

#### Risk:
The

risk

that

the

quantitative

models

or

related

data

used

in

managing

the

Fund

fail

to

identify

profitable

opportunities.

In

addition,

failures

to

properly

gather,

organize,

and

analyze

large

amounts

of

data

or

errors

in

a

model

or

data,

or

in

the

application

of

such

models,

may

result

in,

among

other

things,

execution

and

investment

allocation

failures

and

investment

losses.

For

example,

the

models

may

incorrectly

identify

opportunities

or

data

used

in

the

construction

and

application

of

models

may

prove

to

be

inaccurate

or

stale,

which

may

result

in

misidentified

opportunities

that

may

lead

to

substantial

losses

for

the

Fund.

A

given

model

may

be

more

effective

with

certain

instruments

or

strategies

than

others,

and

there

can

be

no

assurance

that

any

model

can

identify

and

incorporate

all

factors

that

will

affect

an

investment's

price

or

performance.

#### Mortgage-Backed

#### Securities

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

borrowers

may

default

on

their

mortgage

obligations

or

the

guarantees

underlying

the

mortgage-backed

securities

will

default

or

otherwise

fail

and

that,

during

periods

of

falling

interest

rates,

mortgage-backed

securities

will

be

called

or

prepaid,

which

may

result

in

a

Fund

having

to

reinvest

proceeds

in

other

investments

at

a

lower

interest

rate.

During

periods

of

rising

interest

rates,

the

average

life

of

a

mortgage-backed

security

may

extend,

which

may

lock

in

a

below-market

interest

rate,

increase

the

security's

duration,

and

reduce

the

value

of

the

security.

Enforcing

rights

against

the

underlying

assets

or

collateral

may

be

difficult,

or

the

underlying

assets

or

collateral

may

be

insufficient

if

the

issuer

defaults.

The

values

of

certain

types

of

mortgage-backed

securities,

such

as

inverse

floaters

and

interest-only

and

principal-only

securities,

may

be

extremely

sensitive

to

changes

in

interest

rates

and

prepayment

rates.

A

Fund

may

invest

in

mortgage-backed

securities

that

are

subordinate

in

their

right

to

receive

payment

of

interest

and

repayment

of

principal

to

other

classes

of

the

issuer's

securities.

#### Non-Correlation

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

the

Fund's

return

may

not

match

the

return

of

the

Underlying

Index

for

a

number

of

reasons.

For

example,

the

Fund

incurs

operating

expenses

not

applicable

to

the

Underlying

Index,

and

incurs

costs

in

buying

and

selling

securities,

especially

when

rebalancing

the

Fund's

securities

holdings

to

reflect

changes

in

the

composition

of

the

Underlying

Index.

In

addition,

the

performance

of

the

Fund

and

the

Underlying

Index

may

vary

due

to

asset

valuation

differences

and

differences

between

the

Fund's

portfolio

and

the

Underlying

Index

resulting

from

legal

restrictions,

costs

or

liquidity

constraints.

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 98

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

#### Non-Diversification

#### Risk:
the

risk

that,

because

a

relatively

higher

percentage

of

the

Fund's

assets

may

be

invested

in

a

limited

number

of

issuers,

the

Fund

may

be

more

susceptible

to

any

single

economic,

political,

or

regulatory

occurrence

than

a

diversified

fund

investing

in

a

broader

range

of

issuers.

A

decline

in

the

market

value

of

one

of

the

Fund's

investments

may

affect

the

Fund's

value

more

than

if

the

Fund

were

a

diversified

fund.

However,

the

Fund

intends

to

satisfy

the

asset

diversification

requirements

for

qualification

as

a

regulated

investment

company

under

Subchapter

M

of

the Internal

Revenue

Code.

#### Operational

#### And

#### Information

#### Security

#### Risks:
An

investment

in

a

Fund,

like

any

fund,

can

involve

operational

risks

arising

from

factors

such

as

processing

errors,

human

errors,

inadequate

or

failed

internal

or

external

processes,

failures

in

systems

and

technology,

changes

in

personnel

and

errors

caused

by

third-party

service

providers.

The

rapid

development

and

increasingly

widespread

use

of

artificial

intelligence

in

the

financial

services

industry,

including

machine

learning

technology

and

generative

artificial

intelligence

such

as

ChatGPT,

could

exacerbate

these

risks.

The

occurrence

of

any

of

these

failures,

errors

or

breaches

could

result

in

investment

losses

to

a

Fund,

a

loss

of

information,

regulatory

scrutiny,

reputational

damage

or

other

events,

any

of

which

could

have

a

material

adverse

effect

on

a

Fund.

While

the

Funds

seek

to

minimize

such

events

through

controls

and

oversight,

there

may

still

be

failures

that

could

cause

losses

to

a

Fund.

#### Passive

#### Investing

#### Risk:
Unlike

many

investment

companies,

the

Fund

does

not

utilize

an

investing

strategy

that

seeks

returns

in

excess

of

the

Underlying

Index.

Therefore,

the

Fund

would

not

necessarily

buy

or

sell

a

security

unless

that

security

is

added

or

removed,

respectively,

from

the

Underlying

Index,

even

if

that

security

generally

is

underperforming.

Additionally,

the

Fund

rebalances

its

portfolio

in

accordance

with

the

Underlying

Index,

and,

therefore,

any

changes

to

the

Underlying

Index's

rebalance

schedule

will

result

in

corresponding

changes

to

the

Fund's

rebalance

schedule.

#### Portfolio

#### Turnover

#### Risk:
the

risk

that

frequent

purchases

and

sales

of

portfolio

securities

may

result

in

higher

Fund

expenses

and

may

result

in

larger

distributions

of

taxable

capital

gains

to

investors

as

compared

to

a

fund

that

trades

less

frequently.

#### Real

#### Estate

#### Sector Risk:
The

risk

that

real

estate-related

investments

may

decline

in

value

as

a

result

of

factors

affecting

the

real

estate

sector,

such

as

the

supply

of

real

property

in

certain

markets,

changes

in

zoning

laws,

delays

in

completion

of

construction,

changes

in

real

estate

values,

changes

in

property

taxes,

levels

of

occupancy,

and

local,

regional

and

general

market

conditions.

Along

with

the

risks

common

to

different

types

of

real

estate-related

investments,

real

estate

investment

trusts

("REITs"),

no

matter

the

type,

involve

additional

risk

factors,

including

poor

performance

by

the

REIT's

manager,

adverse

changes

to

the

tax

laws,

and

the

possible

failure

by

the

REIT

to

qualify

for

the

favorable

tax

treatment

available

to

REITs

under

the

Internal

Revenue

Code

or

the

exemption

from

registration

under

the

1940

Act.

REITs

are

not

diversified

and

are

heavily

dependent

on

cash

flow

earned

on

the

property

interests

they

hold.

#### Real

#### Estate

#### Sector

#### And

#### Commercial

#### Real

#### Estate

#### Markets

#### Risk:
the

risk

that

commercial

real

estate-related

investments

may

decline

in

value

as

a

result

of

factors

affecting

the

real

estate

sector

(and,

in

particular,

the

commercial

real

estate

markets),

such

as

the

supply

of

real

property

in

certain

markets,

changes

in

zoning

laws,

delays

in

completion

of

construction,

changes

in

real

estate

values,

changes

in

property

taxes,

levels

of

occupancy,

and

local,

regional,

and

general

market

conditions.

Commercial

real

estate

loans

are

secured

by

commercial

property

and

are

subject

to

the

risks

of

delinquency

and

foreclosure.

The

ability

of

a

borrower

to

repay

a

loan

secured

by

an

income-producing

property

typically

is

dependent

primarily

on

the

successful

operation

of

such

property.

If

a

borrower's

net

operating

income

is

reduced

due

to

changing

national,

regional

or

local

economic

conditions,

changes

in

business

demand,

social

unrest

and

civil

disturbances,

political

unrest,

global

health

crises,

or

other

reasons,

then

the

borrower's

ability

to

repay

the

loan

may

be

impaired.

Tenant

mix,

success

of

tenant

businesses,

property

management

decisions,

property

location

and

conditions,

competition

from

comparable

properties,

changes

in

laws

that

increase

operating

expenses

or

limit

rents

that

may

be

charged,

the

need

to

address

environmental

issues

associated

with

a

property,

declines

in

real

estate

values,

increases

in

interest

rates

or

taxes,

and

increase

in

regulatory

and

compliance

costs

can

all

negatively

affect

returns

on

investments

in

commercial

real

estate.

#### Restricted

#### Securities

#### Risk:
The

risk

that

a

Fund

may

be

prevented

or

limited

by

law

or

the

terms

of

an

agreement

from

selling

a

security

(a

"

#### restricted

#### security
").

To

the

extent

that

a

Fund

is

permitted

to

sell

a

restricted

security,

there

can

be

no

assurance

that

a

trading

market

will

exist

at

any

particular

time,

and

a

Fund

may

be

unable

to

dispose

of

the

security

promptly

at

reasonable

prices

or

at

all.

A

Fund

may

have

to

bear

the

expense

of

registering

the

securities

for

resale

and

the

risk

of

substantial

delays

in

effecting

the

registration.

Also,

restricted

securities

may

be

difficult

to

value

because

market

quotations

may

not

be

readily

available,

and

the

values

of

restricted

securities

may

have

significant

volatility.

#### Securities

#### Lending

#### Risk:
if

the

Fund

lends

securities,

and

the

borrower

defaults

on

its

obligation

to

return

the

securities

loaned

because

of

insolvency

or

other

reasons,

there

is

a

risk

that

the

securities

will

not

be

available

to

the

Fund

on

a

timely

basis.

If

a

borrower

defaults

and

the

Fund

is

not

able

to

recover

the

securities

loaned,

the

Fund

and,

indirectly,

its

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 99
shareholders

will

bear

loss

to

the

extent

the

value

of

the

collateral

sold

is

not

equal

to

the

market

value

of

the

loaned

securities.

Loans

are

secured

by

collateral

consisting

of

cash

or

short-term

debt

obligations

and

the

Fund

may

invest

the

cash

collateral

received

(in

money

market

investments

or

money

market

funds)

and

the

Fund

and

its

shareholders

bears

the

risk

of

loss

on

such

reinvestment,

including

the

risk

of

total

loss

of

such

collateral.

In

addition,

as

with

other

extensions

of

credit,

there

is

the

risk

of

possible

delay

in

receiving

additional

collateral

or

in

the

recovery

of

the

securities

or

possible

loss

of

rights

in

the

collateral

should

the

borrower

fail

financially.

While

securities

are

loaned

out

by

the

Fund,

the

Fund

generally

will

receive

from

the

borrower

amounts

equal

to

any

dividends

or

interest

paid

on

the

borrowed

securities.

For

federal

income

tax

purposes,

payments

made

"in

lieu

of"

dividends

are

not

considered

dividend

income.

These

distributions

will

neither

qualify

for

the

reduced

rate

of

taxation

for

individuals

on

qualified

dividends

nor

the

50%

dividends

received

deduction

for

corporations.

The

costs

associated

with

the

Fund's

securities

lending

activities

are

not

shown

in

the

Fund's

fee

table.

Engaging

in

securities

lending

could

have

a

leveraging

effect,

which

may

intensify

the

other

risks

associated

with

investments

in

the

Fund.

#### Securities

#### or

#### Sector

#### Selection

#### Risk:
&nbsp;&nbsp;&nbsp;&nbsp;The

risk

that

the

securities

held

by

the

Fund

will

underperform

securities

held

in

other

funds

investing

in

similar

asset

classes

or

comparable

benchmarks

because

of

the

portfolio

managers'

choice

of

securities

or

sectors

for

investment.

To

the

extent

the

Fund

allocates

a

higher

percentage

of

its

investment

portfolio

to

a

particular

sector

or

related

sectors,

the

Fund

will

be

more

susceptible

to

events

or

factors

affecting

companies

in

that

sector

or

related

sectors.

For

example,

the

values

of

securities

of

companies

in

the

same

or

related

sectors

may

be

negatively

affected

by

the

common

characteristics

they

share,

the

common

business

risks

to

which

they

are

subject,

common

regulatory

burdens,

or

regulatory

changes

that

affect

them

similarly.

Such

characteristics,

risks,

burdens

or

changes

include,

but

are

not

limited

to,

changes

in

governmental

regulation,

inflation

or

deflation,

rising

or

falling

interest

rates,

competition

from

new

entrants,

and

other

economic,

market,

political

or

other

developments

specific

to

that

sector

or

related

sectors.

#### Structured

#### Products

#### and

#### Structured

#### Notes

#### Risk:
The

risk

that

an

investment

in

a

structured

product,

which

includes,

among

other

things,

CDOs,

mortgage-backed

securities,

other

types

of

asset-backed

securities

and

certain

types

of

structured

notes,

may

decline

in

value

due

to

changes

in

the

underlying

instruments,

indexes,

interest

rates

or

other

factors

on

which

the

product

is

based

("

#### reference

#### measure
").

Depending

on

the

reference

measure

used

and

the

use

of

multipliers

or

deflators

(if

any),

changes

in

interest

rates

and

movement

of

the

reference

measure

may

cause

significant

price

and

cash

flow

fluctuations.

Application

of

a

multiplier

is

comparable

to

the

use

of

financial

leverage,

a

speculative

technique.

Holders

of

structured

products

indirectly

bear

risks

associated

with

the

reference

measure,

are

subject

to

counterparty

risk

and

typically

do

not

have

direct

rights

against

the

reference

measure.

Structured

products

are

generally

privately

offered

and

sold,

and

thus,

are

not

registered

under

the

securities

laws

and

may

be

thinly

traded

or

have

a

limited

trading

market

and

may

have

the

effect

of

increasing

the

Fund's

illiquidity,

reducing

the

Fund's

income

and

the

value

of

the

investment.

At

a

particular

point

in

time,

the

Fund

may

be

unable

to

find

qualified

buyers

for

these

securities.

Investments

in

structured

notes

involve

risks

including

interest

rate

risk,

credit

risk

and

market

risk.

#### Tax

#### Risk:
In

order

to

qualify

as

a

regulated

investment

company

under

the

Internal

Revenue

Code,

the

Fund

must

meet

requirements

regarding,

among

other

things,

the

source

of

its

income.

Certain

investments

in

commodity-related

derivatives

do

not

give

rise

to

qualifying

income

for

this

purpose,

and

it

is

possible

that

certain

investments

in

other

commodity-related

instruments,

ETFs

and

other

investment

pools

will

not

give

rise

to

qualifying

income.

Any

income

the

Fund

derives

from

investments

in

instruments

that

do

not

generate

qualifying

income

must

be

limited

to

a

maximum

of

10%

of

the

Fund's

annual

gross

income.

If

the

Fund

were

to

earn

non

qualifying

income

in

excess

of

10%

of

its

annual

gross

income,

it

could

fail

to

qualify

as

a

regulated

investment

company

for

that

year.

If

the

Fund

were

to

fail

to

qualify

as

a

regulated

investment

company,

the

Fund

would

be

subject

to

tax

and

shareholders

of

the

Fund

would

be

subject

to

the

risk

of

diminished

returns.

#### U.S.

#### Government

#### Securities

#### Risk:
The

risk

that

debt

securities

issued

or

guaranteed

by

certain

U.S.

government

agencies,

instrumentalities,

and

sponsored

enterprises

are

not

supported

by

the

full

faith

and

credit

of

the

U.S.

government,

and

so

investments

in

their

securities

or

obligations

issued

by

them

involve

credit

risk

greater

than

investments

in

other

types

of

U.S.

government

securities.

#### Valuation

#### Risk:
The

risk

that

a

Fund

will

not

value

its

investments

in

a

manner

that

accurately

reflects

their

market

values

or

that

the

Fund

will

not

be

able

to

sell

any

investment

at

a

price

equal

to

the

valuation

ascribed

to

that

investment

for

purposes

of

calculating

the

Fund's

NAV.

The

valuation

of

a

Fund's

investments

involves

subjective

judgment.

Certain

securities

in

which

the

Fund

may

invest

may

be

more

difficult

to

value

accurately,

especially

during

periods

of

market

disruptions

or

extreme

market

volatility.

Incorrect

valuations

of

the

Fund's

portfolio

holdings

could

result

in

the

Fund's

shareholder

transactions

being

effected

at

a

NAV

that

does

not

accurately

reflect

the

underlying

value

of

the

Fund's

portfolio,

resulting

in

the

dilution

of

shareholder

interests.

#### Notes

#### to

#### Financial

#### Statements
(Cont.)

#### 100

#### DoubleLine

#### ETF

#### Trust
(Unaudited)

March

31,

2026

15. Subsequent

#### Events
In

preparing

these

financial

statements,

the

Funds'

have

evaluated

events

and

transactions

for

potential

recognition

or

disclosure

through

the

date

the

financial

statements

were

issued.

The

Funds'

have

determined

there

are

no

subsequent

events

that

would

need

to

be

disclosed

in

the

Funds'

financial

statements.

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 101

#### Form

#### N-CSR

#### –

#### Items

#### 8-11
(Unaudited)

March

31,

2026

#### Item
8. #### Changes

#### in

#### and

#### Disagreements

#### with

#### Accountants

#### for

#### Open-End

#### Management

#### Investment

#### Companies
.

Not

applicable.

#### Item
9. #### Proxy

#### Disclosures

#### for

#### Open-End

#### Management

#### Investment

#### Companies.
There

were

no

matters

submitted

during

the

period

covered

by

the

report

to

a

vote

of

shareholders,

through

the

solicitation

of

proxies

or

otherwise.

#### Item
10. #### Remuneration

#### Paid

#### to

#### Directors,

#### Officers,

#### and

#### Others

#### of

#### Open-End

#### Management

#### Investment

#### Companies.
The

information

is

included

as

part

of

the

Financial

Statements

filed

under

Item

of

this

Form.

#### Item
11. #### Statement

#### Regarding

#### Basis

#### for

#### Approval

#### of

#### Investment

#### Advisory

#### Contract

#### .

#### Board

#### Considerations

#### Regarding

#### the

#### Approval

#### of

#### the

#### Advisory

#### Agreement
At

a

meeting

held

on

February

19,

2026

(the

"February

Meeting"),

the

Boards

of

Trustees

(collectively,

the

"Board"

or

the

"Trustees")

of

the

DoubleLine

open-end

mutual

funds

("mutual

funds"),

exchange-traded

funds

("ETFs"),

and

closed-end

funds

("CEFs")

listed

above

(each,

a

"Fund"

and

collectively,

the

"Funds")

approved

the

continuation

of

the

investment

advisory

and

sub-advisory

agreements,

as

applicable

(each,

an

"Advisory

Agreement"

and

collectively,

the

"Advisory

Agreements"),

between

DoubleLine

and

those

Funds.

That

approval

included

approval

by

the

Trustees

who

are

not

"interested

persons"

(as

defined

in

the

Investment

Company

Act

of

1940,

as

amended

(the

"1940

Act"))

of

the

Funds

(the

"Independent

Trustees")

voting

separately.

When

used

in

this

summary,

"DoubleLine"

or

"Management"

refers

to

DoubleLine

Capital

LP,

DoubleLine

ETF

Adviser

LP,

and/or

DoubleLine

Alternatives

LP,

as

appropriate

in

the

context.

The

Trustees'

determination

to

approve

the

continuation

of

each

Advisory

Agreement

was

made

on

the

basis

of

each

Trustee's

business

judgment

after

an

evaluation

of

all

of

the

relevant

information

provided

to

the

Trustees,

including

information

provided

for

their

consideration

at

their

February

Meeting

and

at

meetings

held

in

preparation

for

the

February

Meeting

with

management

and

representatives

of

ISS

Market

Intelligence,

an

independent

third-party

provider

of

investment

company

data

("ISS

MI"),

and

additional

information

requested

by

the

Independent

Trustees.

The

Independent

Trustees

also

met

with

Independent

Trustee

counsel

outside

the

presence

of

management

prior

to

the

February

Meeting

to

consider

the

materials

and

information

related

to

the

proposed

continuation

of

the

Advisory

Agreements.

Throughout

the

year,

the

Trustees

also

met

regularly

with

investment

advisory,

compliance,

risk

management,

operational,

capital

markets

(with

respect

to

the

ETFs)

and

other

personnel

from

DoubleLine

and

regularly

reviewed

detailed

information,

presented

both

orally

and

in

writing,

regarding

the

services

performed

by

DoubleLine

for

the

benefit

of

the

Funds,

DoubleLine's

investment

program

for

each

Fund,

the

performance

of

each

Fund,

the

fees

and

expenses

of

each

Fund,

and

the

operations

of

each

Fund.

In

considering

whether

to

approve

the

continuation

of

the

Advisory

Agreements,

the

Trustees

took

into

account

information

presented

to

them

over

the

course

of

the

past

year

and

not

just

that

which

was

provided

specifically

in

relation

to

the

proposed

renewal

of

the

Advisory

Agreements.

This

summary

describes

a

number,

but

not

necessarily

all,

of

the

most

important

factors

considered

by

the

Board

and

the

Independent

Trustees.

Individual

Trustees

may

have

given

different

weights

to

certain

factors

and

assigned

various

degrees

of

materiality

to

information

received

in

connection

with

the

approval

process.

No

single

factor

was

determined

to

be

decisive

or

controlling.

In

all

their

deliberations,

the

Independent

Trustees

were

advised

by

independent

counsel.

The

Trustees

also

considered

that,

although

the

reorganizations

of

DoubleLine

Floating

Rate

Fund

and

DoubleLine

Select

Income

Fund

(formerly,

DoubleLine

Infrastructure

Income

Fund)

with

and

into

corresponding

series

of

American

Beacon

Funds

were

expected

to

close

on

or

about

February

20,

2026,

the

renewal

of

applicable

advisory

and

other

arrangements

for

each

of

DoubleLine

Floating

Rate

Fund

and

DoubleLine

Select

Income

Fund

was

proposed

in

order

to

ensure

continuity

of

services

to

the

extent

that

the

reorganizations

occur

on

a

date

later

than

currently

anticipated.

Nature,

Extent,

and

Quality

of

Services.

#### Form

#### N-CSR

#### –

#### Items

#### 8-11
(Cont.)

#### 102

#### DoubleLine

#### ETF

#### Trust
The

Trustees

considered

the

nature,

extent,

and

quality

of

the

services,

including

the

expertise

and

experience

of

investment

personnel,

provided

and

expected

to

be

provided

by

DoubleLine

to

each

Fund.

In

this

regard,

the

Trustees

considered

that

DoubleLine

provides

a

full

investment

program

for

each

Fund,

with

an

emphasis

on

risk

management

for

the

Funds.

The

Board

considered,

where

applicable,

the

necessary

skills

and

resources

needed

to

manage

debt-related

portfolios,

noting

that

managing

such

portfolios

requires

a

portfolio

management

team

to

balance

a

number

of

factors,

which

may

include,

among

others,

securities

of

varying

maturities

and

durations,

actual

and

anticipated

interest

rate

changes

and

market

volatility,

prepayments,

collateral

management,

counterparty

management,

pay-downs,

credit

events,

workouts,

and

net

new

issuances.

In

their

evaluation

of

the

services

provided

by

DoubleLine

and

the

Funds'

contractual

relationships

with

DoubleLine,

the

Trustees

considered

generally

the

long-term

performance

record

of

the

firm's

portfolio

management

personnel,

including,

among

others,

Mr.

Jeffrey

Gundlach,

and

the

strong

historical

investor

interest

in

products

managed

by

DoubleLine.

The

Trustees

considered

that

DoubleLine

provides

a

variety

of

other

services

to

the

Funds

in

addition

to

investment

advisory

services,

which

may

include,

among

others,

a

number

of

back-office

services,

valuation

services,

derivatives

risk

management

services,

compliance

services,

liquidity

monitoring

services,

certain

forms

of

information

technology

services

(such

as

internal

reporting),

assistance

with

accounting

and

distribution

services,

and

supervision

and

monitoring

of

the

Funds'

other

service

providers.

The

Trustees

considered

DoubleLine's

ongoing

efforts

to

keep

the

Trustees

informed

about

matters

relevant

to

the

Funds

and

their

shareholders.

The

Trustees

also

considered

the

nature

and

structure

of

the

Funds'

compliance

program,

including

the

policies

and

procedures

of

the

Funds

and

their

various

service

providers

(including

DoubleLine),

and

information

regarding

DoubleLine's

overall

risk

management

program.

The

Trustees

considered

the

quality

of

the

related

services

provided

to

the

Funds

as

part

of

their

overall

consideration

of

the

continuation

of

the

Advisory

Agreements.

The

Trustees

considered

information

provided

by

DoubleLine

relating

to

its

historical

and

continuing

commitment

to

hire

the

necessary

personnel

and

to

invest

in

technology

enhancements

to

support

DoubleLine's

ability

to

provide

services

to

the

Funds.

The

Trustees

considered

DoubleLine's

representations

regarding

the

depth

of

DoubleLine's

personnel,

resources,

and

investment

methods

in

connection

with

the

services

DoubleLine

provides

to

the

Funds.

Performance

and

Fees

and

Expenses.

The

Trustees

reviewed

reports

prepared

by

ISS

MI

(the

"ISS

MI

Reports")

that

compared,

among

other

information,

each

Fund's

net

management

fee

rate

and

net

total

expense

ratio

(Class

I

shares

with

respect

to

the

mutual

funds)

against

the

net

management

fee

rate

(with

respect

to

the

mutual

funds

and

the

closed-end

funds)

and

net

total

expense

ratio

of

a

group

of

peers

selected

by

ISS

MI,

and

each

Fund's

performance

records

(Class

I

shares

with

respect

to

the

mutual

funds)

for

the

one-,

three-,

five-,

and

ten-year

periods

ended

October

31,

2025,

as

applicable,

against

the

performance

records

of

those

funds

in

each

Fund's

Morningstar

category

and

the

performance

of

one

or

more

of

the

Fund's

benchmark

index(es),

as

selected

by

ISS

MI. In

preparation

for

the

February

Meeting,

the

Independent

Trustees

met

with

ISS

MI

representatives

in

January

2026

to

review

the

comparative

information

set

out

in

the

ISS

MI

Reports,

the

methodologies

used

by

ISS

MI

in

compiling

those

reports

and

selecting

the

peer

groups

used

within

those

reports,

and

the

considerations

for

evaluating

the

comparative

information

presented

in

those

reports.

The

Independent

Trustees

also

considered

the

information

ISS

MI

provided

regarding

the

challenges

ISS

MI

encountered

in

selecting

or

assembling

peer

groups

for

certain

of

the

Funds

due

to,

among

other

factors,

the

limited

number

of

possible

peer

funds

with

substantially

similar

principal

investment

strategies

or

investment

approaches.

Where

applicable,

the

Trustees

also

received

information

from

DoubleLine,

including

regarding

factors

to

consider

in

evaluating

a

Fund's

performance

or

management

fees

relative

to

its

peer

groups

and

factors

that

contributed

to

the

relative

underperformance

of

certain

Funds

relative

to

the

index(es)

shown

or

the

median

of

their

Morningstar

categories.

The

Trustees

considered

DoubleLine's

pricing

policy

for

its

advisory

fees

and

that

DoubleLine

does

not

seek

to

be

a

low

cost

provider,

nor

does

it

have

a

policy

to

set

its

advisory

fees

below

the

median

of

a

Fund's

peers,

but

rather

seeks

to

set

fees

at

a

competitive

level

that

reflects

DoubleLine's

demonstrated

significant

expertise

and

experience

in

the

investment

strategies

that

it

offers.

The

Trustees

also

considered

materials

relating

to

the

fees

charged

by

DoubleLine

to

non-Fund

clients

for

which

DoubleLine

employs

investment

strategies

substantially

similar

to

one

or

more

Funds'

investment

strategies,

including

other

funds

and

institutional

separate

accounts

advised

by

DoubleLine

and

mutual

funds

for

which

DoubleLine

serves

as

sub-adviser.

The

Trustees

noted

the

information

DoubleLine

provided

regarding

certain

funds

and

institutional

separate

accounts

advised

by

it

and

funds

sub-advised

by

it

that

are

subject

to

fee

schedules

that

differ

from,

and

are

in

most

cases

lower

than,

the

rates

paid

by

a

Fund

with

substantially

similar

investment

strategies.

The

Trustees

considered

DoubleLine's

representations

that

administrative,

compliance,

operational,

legal,

and

other

burdens

of

providing

investment

advice

to

registered

investment

companies

(mutual

funds,

ETFs

and

closed-end

funds)

exceed

in

many

respects

those

required

to

provide

advisory

services

to

non-registered

investment

company

clients,

such

as

institutional

accounts

for

retirement

or

pension

plans,

which

may

have

differing

contractual

requirements.

The

Trustees

considered

DoubleLine's

representations

that

DoubleLine

also

bears

substantially

greater

legal

and

other

responsibilities

and

risks

in

managing

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 103
and

sponsoring

registered

investment

companies

than

in

managing

private

accounts

or

in

sub-advising

funds,

including

registered

investment

companies,

sponsored

by

others.

The

Trustees

considered

that

the

services

and

resources

required

of

DoubleLine

when

it

sub-advises

registered

investment

companies

by

others

generally

are

less

extensive

than

those

required

of

DoubleLine

to

serve

the

Funds,

because,

where

DoubleLine

serves

as

a

sub-adviser,

many

of

the

sponsorship,

operational,

and

compliance

responsibilities

related

to

the

advisory

function

are

retained

by

the

primary

adviser.

In

respect

of

the

ETFs,

the

Trustees

also

considered

the

financial

risks

assumed

by

DoubleLine

in

respect

of

each

ETF's

unitary

fee,

including

that

DoubleLine

would

generally

bear,

with

limited

exceptions,

any

increase

in

each

ETF's

ordinary

operating

expenses.

Mutual

Funds

With

respect

to

the

mutual

funds,

the

Trustees

considered

that

many

of

the

mutual

funds

have

achieved

strong

performance

relative

to

the

median

of

their

Morningstar

categories

across

all

or

most

of

the

periods

ended

October

31,

2025

presented

in

the

ISS

MI

Reports.

They

noted

also

that

other

mutual

funds

have

achieved

favorable

long-term

performance

relative

to

the

median

of

their

Morningstar

categories

for

the

five-

and/or

ten-year

periods,

where

applicable,

ended

October

31,

2025,

notwithstanding,

in

some

cases,

more

recent

periods

of

relative

underperformance

for

the

one-

and/or

three-year

periods.

Those

Funds

included

DoubleLine

Emerging

Markets

Fixed

Income

Fund,

DoubleLine

Emerging

Markets

Local

Currency

Bond

Fund,

and

DoubleLine

Selective

Credit

Fund.

The

Trustees

also

considered

that

a

number

of

the

mutual

funds

had

achieved

strong

relative

performance

more

recently,

such

as

over

the

one-

and/or

three-year

periods

ended

October

31,

2025,

notwithstanding,

in

some

cases,

other

periods

of

longer-

term

unfavorable

relative

performance.

Those

mutual

funds

included

DoubleLine

Core

Fixed

Income

Fund,

DoubleLine

Floating

Rate

Fund,

and

DoubleLine

Long

Duration

Total

Return

Bond

Fund.

In

each

instance

where

a

Fund

exhibited

relative

underperformance

over

the

one-,

three-,

five-,

and/or

ten-year

periods,

as

applicable,

the

Trustees

considered

DoubleLine's

explanations

for

the

periods

of

relative

underperformance,

including,

in

the

cases

of

DoubleLine

Shiller

Enhanced

CAPE®

and

DoubleLine

Shiller

Enhanced

International

CAPE®,

where

product

design,

investment

positioning

and/or

differences

in

the

Funds'

investment

approach

relative

to

their

Morningstar

categories,

among

other

things,

contributed

to

relative

underperformance

over

different

periods.

The

Trustees

noted

that

all

but

five

of

the

mutual

funds

had

net

management

fees

either

below

the

median

of

their

peer

group

or

within

five

basis

points

of

the

median

of

their

peer

group.

The

Trustees

noted

that

DoubleLine

Total

Return

Bond

Fund,

DoubleLine

Emerging

Markets

Fixed

Income

Fund,

DoubleLine

Flexible

Income

Fund,

DoubleLine

Select

Income

Fund,

and

DoubleLine

Emerging

Markets

Local

Currency

Bond

Fund

each

had

net

management

fees

more

than

five

basis

points

above

the

median

of

its

peer

group.

The

Trustees

discussed

with

management

the

reasons

for

the

relative

net

management

fees

of

these

mutual

funds.

The

Trustees

noted

that

none

of

the

mutual

funds,

other

than

DoubleLine

Emerging

Markets

Local

Currency

Bond

Fund

and

DoubleLine

Select

Income

Fund,

had

the

highest

net

management

fee

in

its

peer

group.

The

Trustees

also

considered

DoubleLine's

belief

that

differences

between

DoubleLine

Select

Income

Fund

and

DoubleLine

Emerging

Markets

Local

Currency

Bond

Fund

and

their

respective

peer

groups,

together

with

and

the

limited

number

of

close

peers,

should

be

taken

into

account

in

evaluating

those

Funds'

relative

performance

and

net

management

fees.

The

Trustees

considered

each

Fund's

net

management

fees

in

light

of

that

Fund's

performance

net

of

expenses,

including

in

instances

where

the

mutual

fund

had

strong

relative

performance

and

net

management

fees

above

the

median

of

its

peer

group.

The

Trustees

noted

that

all

of

the

mutual

funds

had

net

total

expense

ratios

either

below

the

median

of

their

peer

groups

or

within

five

basis

points

of

the

median

of

their

peer

groups,

with

the

exception

of

DoubleLine

Emerging

Markets

Fixed

Income

Fund,

DoubleLine

Select

Income

Fund,

and

DoubleLine

Strategic

Commodity

Fund.

The

Trustees

discussed

with

management

the

reasons

for

each

Fund's

relative

total

expenses

compared

to

that

Fund's

expense

peers.

ETFs

With

respect

to

the

ETFs,

the

Trustees

considered

information

in

the

ISS

MI

Reports

regarding

the

ETFs'

performance

records

and

net

total

expenses.

The

Trustees

considered

that

performance

since

inception

for

each

ETF

was

within

Management's

expectations,

and,

in

each

instance

where

an

ETF

exhibited

relative

underperformance

over

the

one-

or

three-year

periods,

as

applicable,

the

Trustees

considered

DoubleLine's

explanations

for

the

periods

of

relative

underperformance.

The

Trustees

noted

that

many

of

the

ETFs

had

only

recently,

or

have

not

yet,

achieved

three

years

of

investment

operations.

The

Trustees

considered

the

net

total

expenses

of

each

ETF.

The

Trustees

considered

that

under

the

ETFs'

unitary

fee

structure,

DoubleLine,

in

addition

to

providing

investment

management

services,

arranges

for

transfer

agency,

custody,

fund

administration

and

accounting,

and

other

non-distribution

related

services

necessary

for

the

Funds

to

operate.

The

Trustees

further

considered

that

under

the

unitary

fee

structure,

DoubleLine

pays

substantially

all

of

the

operating

expenses

of

the

Funds,

except

for,

among

other

things,

the

management

fees,

taxes

and

transaction

costs,

distribution

fees

or

expenses,

and

any

extraordinary

expenses

(such

as

litigation

expenses).

#### Form

#### N-CSR

#### –

#### Items

#### 8-11
(Cont.)

#### 104

#### DoubleLine

#### ETF

#### Trust
The

Trustees

considered

that

DoubleLine

Commercial

Real

Estate

Debt

ETF,

DoubleLine

Fortune

500

Equal

Weight

ETF,

DoubleLine

Opportunistic

Core

Bond

ETF,

DoubleLine

Mortgage

ETF,

and

DoubleLine

Multi-Sector

Income

ETF

each

had

a

net

total

expense

ratio

at

or

below

the

median

of

its

peer

group.

In

considering

the

net

total

expense

ratios

of

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

and

DoubleLine

Commodity

Strategy

ETF,

the

Trustees

considered

that

while

each

Fund

had

a

net

total

expense

ratio

that

was

above

the

median

of

its

peer

group,

in

each

case,

there

were

several

peer

funds

with

higher

net

total

expense

ratios

and

that

the

ETFs'

net

total

expense

ratios

were

within

six

basis

points

of

the

median

of

their

respective

peer

group.

The

Trustees

noted

that

DoubleLine

Asset-Backed

Securities

ETF

commenced

investment

operations

on

February

28,

2025

and

that

its

Advisory

Agreement

had

previously

been

approved

for

an

initial

two-year

period.

The

Trustees

noted

that

the

Fund's

Advisory

Agreement

would

be

approved

for

only

a

stub

period

from

February

28,

2027

through

March

25,

2027,

to

generally

align

its

term

with

the

terms

of

the

other

Advisory

Agreements

for

the

Funds

and

that

certain

information

included

above

was

not

provided

given

the

ETF's

short

operating

history.

In

approving

the

Advisory

Agreement

for

DoubleLine

Asset-Backed

Securities

ETF,

the

Trustees

considered

the

ETF's

short

operating

history

and

that

the

Advisory

Agreement

was

only

being

approved

for

an

additional

month

period.

CEFs

With

respect

to

the

CEFs,

the

Trustees

considered

the

information

in

the

ISS

MI

Reports

regarding

the

Funds'

performance

records

and

net

management

fees

and

net

total

expenses,

based

on

each

Fund's

net

assets

(excluding

the

principal

amount

of

borrowings)

and,

separately,

on

each

Fund's

total

managed

assets

(including

the

principal

amount

of

borrowings).

As

to

DoubleLine

Income

Solutions

Fund

("DSL"),

the

Trustees

considered

that

the

Fund's

net

management

fees

were

in

the

third

quartile

of

its

peer

group

on

both

a

net

assets

and

total

managed

assets

basis,

though

the

Fund's

net

total

expenses

(excluding

investment

related

expenses)

was

below

the

median

of

its

expense

peer

group

on

those

bases.

The

Trustees

considered

DoubleLine's

explanations

for

the

Fund's

longer

term

relative

underperformance

with

the

Fund

falling

in

the

third

quartile

of

its

Morningstar

category

for

the

five-

and

ten-year

periods

ended

October

31,

2025

and

considered

the

Fund's

stronger

more

recent

performance,

with

the

Fund

performing

in

the

second

quartile

and

the

first

quartile

of

its

Morningstar

category

for

the

one-

and

three-year

periods

ended

October

31,

2025,

respectively,

and

the

Fund

outperforming

its

index

for

the

one-,

three-,

five-,

and

ten-year

periods

ended

October

31,

2025. As

to

DoubleLine

Opportunistic

Credit

Fund

("DBL"),

the

Trustees

considered

that

DBL's

net

management

fees

were

in

the

second

quartile

of

the

Fund's

expense

group

on

a

net

assets

basis

and

in

the

fourth

quartile

of

the

expense

group

on

a

total

managed

assets

basis.

The

Trustees

also

considered

that

DBL's

net

total

expense

ratio

(excluding

investment-related

expenses)

was

shown

in

the

ISS

MI

Reports

to

be

in

the

third

quartile

of

the

Fund's

expense

group

on

a

net

assets

basis

and

in

the

fourth

quartile

on

a

total

managed

assets

basis.

The

Trustees

considered

that

the

Fund's

longer

term

relative

underperformance

with

the

Fund

falling

in

the

fourth

quartile

of

its

Morningstar

category

for

the

one-,

five-

and

ten-year

periods

ended

October

31,

2025

and

noted

the

Fund's

stronger

performance

in

the

second

quartile

of

its

Morningstar

category

for

the

three-year

period

ended

October

31,

2025. In

considering

the

Fund's

performance,

the

Trustees

noted

also

that

the

Fund

had

outperformed

its

index

for

the

one-,

three-,

five-

and

ten-year

periods

ended

October

31,

2025. As

to

DoubleLine

Yield

Opportunities

Fund

("DLY"),

the

Trustees

considered

that

the

Fund's

relative

performance

for

the

three-year

period

ended

October

31,

2025,

was

in

the

second

quartile

of

its

Morningstar

category.

They

noted

that

the

Fund

performed

in

the

fourth

and

third

quartiles

for

the

one-

and

five-year

periods

ended

October

31,

2025,

respectively,

though

it

had

outperformed

its

index

over

the

one-,

three-,

and

five-year

periods

ended

October

31,

2025. The

Trustees

noted

that

the

Fund's

net

management

fees

and

net

total

expenses

(excluding

investment

related

expenses),

though

above

the

medians

and

in

the

fourth

quartile

of

its

peers

on

a

total

managed

assets

basis,

were

in

the

second

quartile

and

below

the

median

of

its

peer

group

on

a

net

assets

basis.

In

considering

the

fees

and

expenses

of

the

Fund,

the

Trustees

took

into

account

DoubleLine's

statement

that

the

Fund's

terms

at

its

initial

offering

differed

from

many

closed-end

funds

that

came

to

market

before

it

in

that

DoubleLine,

as

the

Fund's

sponsor,

bore

all

of

the

Fund's

initial

organizational

and

offering

expenses

and

that

the

Fund

has

a

limited

life,

and

that

funds

offered

pursuant

to

such

arrangements

tend

to

pay

higher

advisory

fees

than

funds

whose

sponsors

do

not

bear

those

organizational

and

offering

expenses

and

the

related

risks.

The

Trustees

considered

that

ISS

MI

had

developed

an

expense

group

comprising

Funds

with

similar

fee

and

expense

arrangements,

as

ISS

MI

reported

that

it

had

done

for

a

number

of

other

fund

families.

The

Trustees

noted

that

each

of

DSL,

DBL,

and

DLY

had

employed

leverage

during

some

or

all

of

the

periods

shown

in

the

ISS

MI

Reports,

and

considered

information

from

DoubleLine

that

they

receive

quarterly

regarding

the

estimated

spread

earned

in

respect

of

that

leverage,

after

taking

into

account

expenses

related

to

the

leverage,

including

incremental

management

fees.

(Unaudited)

March

31,

2026

#### Semi-Annual

#### Financial

#### Statements

#### and

#### Other

#### Information

#### \|
March

31,

2026

#### 105
Profitability.

The

Trustees

reviewed

information

as

to

general

estimates

of

DoubleLine's

profitability

with

respect

to

each

Fund,

taking

into

account,

among

other

things,

information

about

both

the

direct

and

the

indirect

benefits

to

DoubleLine

from

managing

the

Funds.

The

Trustees

considered

information

provided

by

DoubleLine

as

to

the

methods

it

uses,

and

the

assumptions

it

makes,

in

calculating

its

profitability.

The

Trustees

considered

representations

from

DoubleLine

that

its

compensation

program,

which

is

comprised

of

several

components,

including

base

salary,

discretionary

bonus

and

potential

equity

participation

in

DoubleLine,

enables

DoubleLine

to

attract,

retain,

and

motivate

highly

qualified

and

experienced

employees.

The

Trustees

considered

that

DoubleLine

was

profitable

in

respect

of

certain

of

the

Funds,

but

noted

that

in

those

cases

it

would

be

appropriate

to

consider

that

profitability

in

light

of

various

other

considerations

such

as

the

nature,

extent,

and

quality

of

the

services

provided

by

DoubleLine,

the

relative

long-term

performance

of

the

relevant

Funds,

the

consistency

of

the

Funds'

investment

operations

over

time,

and

the

competitiveness

of

the

management

fees

(as

applicable)

and

total

operating

expenses

of

the

Funds.

The

Trustees

separately

considered

in

this

respect

information

provided

by

DoubleLine

regarding

its

reinvestment

in

its

business

to

accommodate

changing

regulatory

requirements

and

to

maintain

its

ability

to

provide

high-quality

services

to

the

Funds.

The

Trustees

considered

DoubleLine's

view

that

the

levels

of

its

profitability

in

respect

of

DSL,

DBL,

and

DLY

are

appropriate

in

light

of

the

investment

it

has

made

in

these

Funds,

the

quality

of

the

investment

management

and

other

teams

provided

by

it,

and

its

continued

investments

in

its

own

business.

Economies

of

Scale.

In

their

evaluation

of

economies

of

scale,

the

Trustees

considered,

among

other

things,

the

pricing

of

the

Funds

and

DoubleLine's

reported

profitability,

and

that

a

number

of

the

mutual

funds

had

achieved

significant

size,

though

some

of

the

largest

funds

have

experienced

significant

outflows

more

recently.

The

Trustees

considered

also

that

none

of

the

Funds

have

breakpoints

in

their

advisory

fee

schedules.

The

Trustees

considered

management's

view

that

the

fee

schedules

for

the

Funds

remained

consistent

with

DoubleLine's

original

pricing

philosophy

of

proposing

an

initial

management

fee

rate

that

generally,

when

taking

into

account

expense

limitations

(where

applicable),

reflects

reasonably

foreseeable

economies

of

scale.

In

this

regard,

the

Trustees

considered

also

that

the

information

provided

by

ISS

MI

supported

the

view

that

the

net

management

fees

of

the

largest

mutual

funds

remained

competitively

priced

against

a

peer

group

that

was

selected

based

on,

in

part,

asset

size.

The

Trustees

separately

considered

that

DoubleLine

had

agreed

to

continue

the

expense

limitation

arrangements

(where

applicable)

for

a

number

of

the

mutual

funds

at

current

levels

for

an

additional

one-year

period,

with

the

prospect

of

recouping

any

waived

fees

or

reimbursed

expenses

at

a

later

date.

In

evaluating

economies

of

scale

more

generally,

the

Trustees

also

considered

ongoing

changes

to

the

regulatory

environment,

which

required

DoubleLine

to

re-invest

in

its

business

and

infrastructure.

With

regard

to

DSL,

DBL,

and

DLY,

the

Trustees

considered

that

these

Funds

have

not

increased

in

assets

significantly

from

their

initial

offerings

due

principally

to

their

status

as

closed-end

investment

companies

and

that

there

were

therefore

no

substantial

increases

in

economies

of

scale

realized

with

respect

to

these

Funds

since

their

inception.

With

regard

to

the

ETFs,

the

Trustees

noted

that

the

ETFs

have

recently

begun

operations

and

that

none

of

the

ETFs

has

achieved

significant

scale

or

scale

that

exceeded

expectations

for

the

ETFs

at

the

time

of

their

launch.

Other

Benefits.

The

Trustees

considered

other

benefits

that

could

potentially

be

received

by

the

Adviser

and

its

affiliates

as

a

result

of

the

Adviser's

relationship

with

the

Funds,

including

possible

ancillary

benefits

to

the

Adviser's

retail

and

institutional

investment

management

businesses

due

to

the

reputation

and

potential

growth

of

the

Funds.

On

the

basis

of

these

considerations

as

well

as

others

and

in

the

exercise

of

their

business

judgment,

the

Trustees

determined

that

they

were

satisfied

with

the

nature,

extent,

and

quality

of

the

services

provided

to

each

Fund

under

its

Advisory

Agreement(s);

that

it

appeared

that

the

management

fees

paid

by

each

Fund

to

DoubleLine

were

generally

within

the

range

of

management

fees

paid

by

its

peer

funds,

and

generally

reasonable

in

light

of

the

services

provided,

the

quality

of

the

portfolio

management

teams,

and

each

Fund's

performance

to

date;

that

the

historical

performance

records

of

the

Funds,

and

the

factors

cited

by

management

in

respect

of

the

underperforming

Funds,

were

consistent

with

the

continuance

of

the

Advisory

Agreement(s)

for

each

of

the

Funds;

that

the

fees

paid

by

each

Fund

did

not

appear

inappropriate

in

light

of

the

fee

schedules

charged

to

DoubleLine's

other

clients

with

substantially

similar

investment

strategies

(where

applicable)

in

light

of

the

differences

in

the

services

provided

and

the

risks

borne

by

DoubleLine;

that

the

profitability

of

each

Fund

to

DoubleLine

did

not

appear

excessive

or

such

as

to

preclude

continuation

of

the

Fund's

Advisory

Agreement(s);

that

the

extent

to

which

the

advisory

fees

paid

by

the

Funds

share

economies

of

scale

with

investors

#### Form

#### N-CSR

#### –

#### Items

#### 8-11
(Cont.)

#### 106

#### DoubleLine

#### ETF

#### Trust
generally

supported

the

renewal

of

each

Advisory

Agreement;

and

that

it

would

be

appropriate

to

approve

each

Advisory

Agreement

for

an

additional

one-year

period

or,

with

respect

to

DoubleLine

Asset-Backed

Securities

ETF,

an

additional

period

beginning

February

28,

2027

through

March

25,

2027. March

31,

2026

#### Investment

#### Advisers:
DoubleLine

ETF

Adviser

LP

and

DoubleLine

Alternatives

LP

2002

North

Tampa

Street,

Suite

Tampa,

FL

33602

#### Distributor:
Foreside

Fund

Services,

LLC

Three

Canal

Plaza,

Suite

Portland,

ME

04101

#### Administrator

#### and

#### Transfer

#### Agent:
JP

Morgan

Chase

Bank,

N.A.

Fargo

Street

Boston,

MA

02210

#### Custodian:
JP

Morgan

Chase

Bank,

N.A.

Madison

Avenue

New

York,

NY

10017

#### Independent

#### Registered

#### Public

#### Accounting

#### Firm:
Deloitte

&

Touche

LLP

695

Town

Center

Drive,

Suite

Costa

Mesa,

CA

92626

#### Legal

#### Counsel:
Ropes

&

Gray

LLP

1121

Avenue

of

the

Americas

New

York,

NY

10036

#### Contact

#### Information:
doubleline.com

(855) 937-0772

DL-SARFINANCIALS-ETF

#### DoubleLine
\|

\|

2002

North

Tampa

Street,

Suite

\|

\|

Tampa,

FL

33602

\|

\|

(813) 791-7333

ETFinfo@doubleline.com

\|

\|

www.doubleline.com

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** 

Not applicable to the Registrant.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.**

Not applicable to the Registrant.

**Item 14. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated** **Purchasers.**

Not applicable to the Registrant.

**Item 15. Submission of Matters to a Vote of Security Holders.** 

There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant's Board of Trustees.

**Item 16. Controls and Procedures.** 

(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's principal executive officer and principal financial officer have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the Registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a - 3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable to the Registrant.

**Item 18. Recovery of Erroneously Awarded Compensation.**

Not applicable.

**Item 19. Exhibits.** 

(a)(1) &nbsp;&nbsp;&nbsp;&nbsp; Code of Ethics – Not required for this filing.

(a)(2) &nbsp;&nbsp;&nbsp;&nbsp; Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed – Not Applicable

(a)(3)&nbsp;&nbsp;&nbsp;&nbsp; Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. [ex99cert.docx](ex99cert.htm)

(a)(4) &nbsp;&nbsp;&nbsp;&nbsp; Any written solicitation to purchase securities under Rule 23c-1 – Not Applicable.

(a)(5) &nbsp;&nbsp;&nbsp;&nbsp; There has been no change to the Registrant's independent public accountant during the reporting period.

(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certification required by Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto. [ex99906cert.docx](ex99906cert.htm)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DoubleLine ETF Trust

By: &nbsp;&nbsp;&nbsp;&nbsp; /s/Ronald Redell

Ronald R. Redell

President and Principal Executive Officer

May 28, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: &nbsp;&nbsp;&nbsp;&nbsp; /s/ Ronald Redell

Ronald R. Redell

President and Principal Executive Officer

May 28, 2026

By: &nbsp;&nbsp;&nbsp;&nbsp;

/s/ Henry Chase

Henry V. Chase

Treasurer and Principal Financial and Accounting Officer

May 28, 2026

## Ex-99.Cert

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE INVESTMENT COMPANY ACT OF 1940 AND SECTION 302 OF THE SARBANES OXLEY ACT OF 2002:

I, Ronald R. Redell, certify that:

1. &nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this report on Form N-CSR of DoubleLine ETF Trust (the "Registrant");

2. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. &nbsp;&nbsp;&nbsp;&nbsp; The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

a)

&nbsp;&nbsp;&nbsp;&nbsp; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

&nbsp;&nbsp;&nbsp;&nbsp; Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d)

&nbsp;&nbsp;&nbsp;&nbsp; Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. &nbsp;&nbsp;&nbsp;&nbsp; The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a)

&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

b)

&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date:&nbsp;&nbsp;&nbsp;&nbsp; May 28, 2026&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: /s/ Ronald Redell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; Ronald R. Redell

&nbsp;&nbsp;&nbsp;&nbsp; President and Principal Executive Officer

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE INVESTMENT COMPANY ACT OF 1940 AND SECTION 302 OF THE SARBANES OXLEY ACT OF 2002:

I, Henry V. Chase, certify that:

1. &nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this report on Form N-CSR of DoubleLine ETF Trust (the "Registrant");

2. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. &nbsp;&nbsp;&nbsp;&nbsp; The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

a)

&nbsp;&nbsp;&nbsp;&nbsp; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. &nbsp;&nbsp;&nbsp;&nbsp; The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a)

&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

b)

&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date:&nbsp;&nbsp;&nbsp;&nbsp; May 28, 2026&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: /s/ Henry Chase

&nbsp;&nbsp;&nbsp;&nbsp; Henry V. Chase

&nbsp;&nbsp;&nbsp;&nbsp; Treasurer and Principal Financial and

&nbsp;&nbsp;&nbsp;&nbsp; Accounting Officer

## Exhibit 99.906

**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)**

In connection with the attached Report of DoubleLine ETF Trust (the "Trust") on Form N-CSR to be filed with the Securities and Exchange Commission (the "Report"), each of the undersigned officers of the Trust does hereby certify that, to the best of such officer's knowledge:

1. The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: May 28, 2026

By: &nbsp;&nbsp;&nbsp;&nbsp; /s/ Ronald Redell

Ronald R. Redell

President and Principal Executive Officer

By: &nbsp;&nbsp;&nbsp;&nbsp; /s/ Henry Chase

Henry V. Chase

Treasurer and Principal Financial and Accounting Officer

A signed original of this written statement required by Section 906 has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.