# EDGAR Filing Document

**Accession Number:** 0001480207
**File Stem:** 0001145549-23-011695
**Filing Date:** 2023-2
**Character Count:** 135464
**Document Hash:** 7be5cfaacdec532c4adcc0409b28681b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-011695.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-011695

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine Funds Trust
- **CENTRAL INDEX KEY:** 0001480207
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22378
- **FILM NUMBER:** 23675446

**BUSINESS ADDRESS:**
- **STREET 1:** 2002 N. TAMPA ST.,
- **STREET 2:** SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (813) 791-7333

**MAIL ADDRESS:**
- **STREET 1:** 2002 N. TAMPA ST.,
- **STREET 2:** SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

## Series and Classes Contracts Data

### DoubleLine Shiller Enhanced International CAPE (Series ID: S000055534)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000174823 | Class I      | DSEUX           |
| C000174824 | Class N      | DLEUX           |

## Nport-Ex

------

**DoubleLine Shiller Enhanced International CAPE<sup>®</sup>** 

Schedule of Investments

December 31, 2022 (Unaudited)

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount<br>$/Shares** | **Security Description** | **Rate** | **Maturity** | **Value $** |
|  **Asset Backed Obligations - 5.0%** | **Asset Backed Obligations - 5.0%** |  |  |  |
| 526010 | Commonbond Student Loan Trust, Series 2017-BGS-B | 3.26 % (a) | 09/25/2042 | 478944 |
| 453247 | CPS Auto Receivables Trust, Series 2018-C-E | 6.07 % (a) | 09/15/2025 | 453276 |
| 520992 | Diamond Resorts Owner Trust, Series 2021-1A-A | 1.51 % (a) | 11/21/2033 | 480637 |
| 621890 | National Collegiate Student Loan Trust, Series 2006-1-A5 (1 Month LIBOR USD + 0.35%, 0.00% Floor) | 4.74% | 03/25/2033 | 591569 |
| 500000 | Navient Private Education Loan Trust, Series 2018-A-B | 3.68 % (a) | 02/18/2042 | 472808 |
|  **Total Asset Backed Obligations** (Cost $2,542,854) | **Total Asset Backed Obligations** (Cost $2,542,854) |  |  | 2477234 |
|  **Collateralized Loan Obligations - 17.6%** | **Collateralized Loan Obligations - 17.6%** |  |  |  |
| 500000 | Allegro Ltd., Series 2019-1A-AR (3 Month LIBOR USD + 1.15%, 1.15% Floor) | 5.39 % (a) | 07/20/2032 | 489306 |
| 1000000 | Cathedral Lake Ltd., Series 2021-8A-A1 (3 Month LIBOR USD + 1.22%, 1.22% Floor) | 5.46 % (a) | 01/20/2035 | 966066 |
| 500000 | CBAM Ltd., Series 2017-2A-AR (3 Month LIBOR USD + 1.19%, 1.19% Floor) | 5.27 % (a) | 07/17/2034 | 481690 |
| 500000 | CFIP Ltd., Series 2021-1A-A (3 Month LIBOR USD + 1.22%, 1.22% Floor) | 5.46 % (a) | 01/20/2035 | 483805 |
| 1000000 | Generate Ltd., Series 6A-A1R (3 Month LIBOR USD + 1.20%, 1.20% Floor) | 5.52 % (a) | 01/22/2035 | 971379 |
| 500000 | Highbridge Loan Management Ltd., Series 3A-2014-CR (3 Month LIBOR USD + 3.60%, 0.00% Floor) | 7.79 % (a) | 07/18/2029 | 448668 |
| 500000 | Logan Ltd., Series 2022-1A-B (Secured Overnight Financing Rate 3 Month + 2.05%, 2.05% Floor) | 6.04 % (a) | 04/21/2035 | 485205 |
| 498433 | MKS Ltd., Series 2017-1A-AR (3 Month LIBOR USD + 1.00%, 1.00% Floor) | 5.24 % (a) | 07/20/2030 | 493620 |
| 500000 | Palmer Square Ltd., Series 2021-2A-A (3 Month LIBOR USD + 1.15%, 1.15% Floor) | 5.23 % (a) | 07/15/2034 | 488414 |
| 500000 | RR Ltd., Series 2021-14A-A1 (3 Month LIBOR USD + 1.12%, 1.12% Floor) | 5.20 % (a) | 04/15/2036 | 488888 |
| 500000 | Shackleton Ltd., Series 2015-7RA-AR (3 Month LIBOR USD + 1.15%, 1.15% Floor) | 5.23 % (a) | 07/15/2031 | 489772 |
| 500000 | Sound Point Ltd., Series 2019-2A-AR (3 Month LIBOR USD + 1.17%, 1.17% Floor) | 5.25 % (a) | 07/15/2034 | 482530 |
| 1000000 | Sound Point Ltd., Series 2020-1A-AR (3 Month LIBOR USD + 1.17%, 1.17% Floor) | 5.41 % (a) | 07/20/2034 | 957412 |
| 500000 | THL Credit Wind River Ltd., Series 2014-2A-AR (3 Month LIBOR USD + 1.14%, 1.14% Floor) | 5.22 % (a) | 01/15/2031 | 489176 |
| 500000 | Venture Ltd., Series 2017-29A-AR (3 Month LIBOR USD + 0.99%, 0.99% Floor) | 5.60 % (a) | 09/07/2030 | 490481 |
|  **Total Collateralized Loan Obligations** (Cost $9,001,673) | **Total Collateralized Loan Obligations** (Cost $9,001,673) |  |  | 8706412 |
|  **Foreign Corporate Bonds - 6.4%** | **Foreign Corporate Bonds - 6.4%** |  |  |  |
| 187500 | Adani International Container Terminal Private Ltd. | 3.00% | 02/16/2031 | 147067 |
| 90000 | Avolon Holdings Funding Ltd. | 5.13 % (a) | 10/01/2023 | 89017 |
| 150000 | Banco Continental SAECA | 2.75 % (a) | 12/10/2025 | 134380 |
| 200000 | Bank Hapoalim B.M. | 3.26 % (a)(b) | 01/21/2032 | 172948 |
| 200000 | Bank Leumi (5 Year CMT Rate + 1.63%) | 3.28 % (a) | 01/29/2031 | 177921 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount<br>$/Shares** | **Security Description** | **Rate** | **Maturity** | **Value $** |
| 100000 | Bank of Montreal | 4.98 % (c) | 03/08/2024 | 99547 |
| 45000 | Bank of Nova Scotia | 0.65% | 07/31/2024 | 41979 |
| 95000 | BAT Capital Corporation | 2.79% | 09/06/2024 | 90965 |
| 200000 | Braskem Netherlands Finance B.V. (5 Year CMT Rate + 8.22%) | 8.50% | 01/23/2081 | 194110 |
| 95000 | Canadian Pacific Railway Company | 1.35% | 12/02/2024 | 88618 |
| 200000 | Corporacion Financiera de Desarrollo S.A. (3 Month LIBOR USD + 5.61%) | 5.25% | 07/15/2029 | 191859 |
| 30000 | Ecopetrol S.A. | 4.13% | 01/16/2025 | 28637 |
| 113000 | Empresa Electrica Angamos S.A. | 4.88% | 05/25/2029 | 101177 |
| 200000 | Freeport Indonesia PT | 4.76% | 04/14/2027 | 193000 |
| 90000 | Glencore Funding LLC | 4.13 % (a) | 05/30/2023 | 89541 |
| 15000 | Glencore Funding LLC | 4.00 % (a) | 04/16/2025 | 14524 |
| 90000 | Macquarie Group Ltd. (3 Month LIBOR USD + 1.33%) | 4.15 % (a) | 03/27/2024 | 89680 |
| 200000 | Mercury Chile Holdco LLC | 6.50 % (a) | 01/24/2027 | 192000 |
| 200000 | Minejesa Capital B.V. | 4.63% | 08/10/2030 | 176040 |
| 200000 | Periama Holdings LLC | 5.95% | 04/19/2026 | 187382 |
| 90000 | Royal Bank of Canada | 3.38% | 04/14/2025 | 87048 |
| 200000 | Sable International Finance Ltd. | 5.75% | 09/07/2027 | 184850 |
| 200000 | Sasol Financing USA LLC | 4.38% | 09/18/2026 | 177299 |
| 95000 | Toronto-Dominion Bank | 0.70% | 09/10/2024 | 88471 |
| 176000 | VTR Comunicaciones S.p.A. | 5.13% | 01/15/2028 | 109583 |
|  **Total Foreign Corporate Bonds** (Cost $3,371,711) | **Total Foreign Corporate Bonds** (Cost $3,371,711) |  |  | 3147643 |
|  **Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations - 0.3%** | **Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations - 0.3%** | **Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations - 0.3%** | **Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations - 0.3%** |  |
| 200000 | Banco Nacional de Comercio Exterior (5 Year CMT Rate + 2.00%) | 2.72% | 08/11/2031 | 167586 |
|  **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations**<br> (Cost $177,077) | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations**<br> (Cost $177,077) | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations**<br> (Cost $177,077) | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations**<br> (Cost $177,077) | 167586 |
|  **Non-Agency Commercial Mortgage Backed Obligations - 11.1%** | **Non-Agency Commercial Mortgage Backed Obligations - 11.1%** |  |  |  |
| 1635580 | Arbor Multifamily Mortgage Securities Trust, Series 2021-MF2-XA | 1.12 % (a)(b)(d) | 06/15/2054 | 107664 |
| 130000 | Arbor Realty Ltd., Series 2021-FL1-D (1 Month LIBOR USD + 2.95%, 2.95% Floor) | 7.22 % (a) | 12/15/2035 | 122074 |
| 231000 | AREIT Trust, Series 2019-CRE3-D (Secured Overnight Financing Rate 1 Month + 2.76%, 2.65% Floor) | 7.09 % (a) | 09/14/2036 | 215114 |
| 2759679 | BANK, Series 2021-BN36-XA | 0.91 % (b)(d) | 09/15/2064 | 129406 |
| 3844000 | BB-UBS Trust, Series 2012-SHOW-XB | 0.14 % (a)(b)(d) | 11/05/2036 | 12056 |
| 5162628 | Benchmark Mortgage Trust, Series 2018-B2-XA | 0.41 % (b)(d) | 02/15/2051 | 80164 |
| 2271000 | Benchmark Mortgage Trust, Series 2021-B26-XB | 0.64 % (a)(b)(d) | 06/15/2054 | 90440 |
| 1806234 | Benchmark Mortgage Trust, Series 2021-B28-XA | 1.28 % (b)(d) | 08/15/2054 | 127665 |
| 181000 | BSREP Commercial Mortgage Trust, Series 2021-DC-D (1 Month LIBOR USD + 1.90%, 1.90% Floor) | 6.22 % (a) | 08/15/2038 | 156784 |
| 14551 | BX Trust, Series 2018-EXCL-C (1 Month LIBOR USD + 1.98%, 1.98% Floor) | 6.29 % (a) | 09/15/2037 | 14168 |
| 100000 | BX Trust, Series 2021-VIEW-D (1 Month LIBOR USD + 2.90%, 2.90% Floor) | 7.22 % (a) | 06/15/2036 | 92394 |
| 250000 | CD Commercial Mortgage Trust, Series 2017-CD6-C | 4.23 % (b) | 11/13/2050 | 210361 |
| 3545000 | CFCRE Commercial Mortgage Trust, Series 2018-TAN-X | 1.63 % (a)(b)(d) | 02/15/2033 | 166 |
| 100000 | CHCP Ltd., Series 2021-FL1-C (Secured Overnight Financing Rate 1 Month + 2.21%, 2.10% Floor) | 6.54 % (a) | 02/15/2038 | 93071 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount<br>$/Shares** | **Security Description** | **Rate** | **Maturity** | **Value $** |
| 2570849 | Citigroup Commercial Mortgage Trust, Series 2014-GC19-XA | 1.10 % (b)(d) | 03/11/2047 | 20895 |
| 2729104 | Citigroup Commercial Mortgage Trust, Series 2016-C1-XA | 1.82 % (b)(d) | 05/10/2049 | 130086 |
| 6043299 | Commercial Mortgage Pass-Through Trust, Series 2015-CR27-XA | 0.91 % (b)(d) | 10/10/2048 | 121138 |
| 186000 | Commercial Mortgage Pass-Through Trust, Series 2015-DC1-C | 4.30 % (b) | 02/10/2048 | 160366 |
| 5899257 | Commercial Mortgage Pass-Through Trust, Series 2015-LC21-XD | 1.08 % (a)(b)(d) | 07/10/2048 | 137013 |
| 179000 | CSAIL Commercial Mortgage Trust, Series 2016-C7-B | 4.33 % (b) | 11/15/2049 | 155111 |
| 164000 | CSMC Trust, Series 2017-TIME-A | 3.65 % (a) | 11/13/2039 | 140052 |
| 165000 | DBJPM Mortgage Trust, Series 2016-C1-B | 4.20 % (b) | 05/10/2049 | 146857 |
| 170000 | DBJPM Mortgage Trust, Series 2016-C3-B | 3.26% | 08/10/2049 | 144407 |
| 186000 | GS Mortgage Securities Corporation Trust, Series 2020-UPTN-F | 3.25 % (a)(b) | 02/10/2037 | 152909 |
| 4297547 | GS Mortgage Securities Trust, Series 2016-GS4-XA | 0.57 % (b)(d) | 11/10/2049 | 75301 |
| 2400000 | Helios Issuer LLC, Series 2021-PF1-XD | 1.11 % (a)(b)(d) | 11/15/2054 | 167878 |
| 300000 | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-BCON-E | 3.76 % (a)(b) | 01/05/2031 | 299255 |
| 200000 | JPMBB Commercial Mortgage Securities Trust, Series 2015-C27-C | 4.31 % (b) | 02/15/2048 | 181693 |
| 125000 | LCCM Trust, Series 2021-FL3-AS (1 Month LIBOR USD + 1.80%, 1.80% Floor) | 6.12 % (a) | 11/15/2038 | 118676 |
| 125000 | LCCM Trust, Series 2021-FL3-B (1 Month LIBOR USD + 2.20%, 2.20% Floor) | 6.52 % (a) | 11/15/2038 | 117290 |
| 150000 | MF1 Ltd., Series 2021-FL6-C (1 Month LIBOR USD + 1.85%, 1.85% Floor) | 6.18 % (a) | 07/16/2036 | 140923 |
| 186000 | MFT Trust, Series 2020-ABC-D | 3.48 % (a)(b) | 02/10/2042 | 121745 |
| 4953748 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C34-XE | 0.88 % (a)(b)(d) | 11/15/2052 | 171236 |
| 15277000 | Morgan Stanley Capital Trust, Series 2017-ASHF-XCP | 0.00 % (a)(b)(d) | 11/15/2024 | 15 |
| 214291 | Morgan Stanley Capital Trust, Series 2021-ILP-D (1 Month LIBOR USD + 1.58%, 1.58% Floor) | 5.89 % (a) | 11/15/2023 | 201424 |
| 150000 | RLGH Trust, Series 2021-TROT-D (1 Month LIBOR USD + 1.71%, 1.71% Floor) | 6.03 % (a) | 04/15/2036 | 140861 |
| 200000 | SG Commercial Mortgage Securities Trust, Series 2016-C5-B | 3.93% | 10/10/2048 | 172001 |
| 2275255 | SG Commercial Mortgage Securities Trust, Series 2016-C5-XA | 1.88 % (b)(d) | 10/10/2048 | 101673 |
| 18169000 | SLG Office Trust, Series 2021-OVA-X | 0.26 % (a)(b)(d) | 07/15/2041 | 291950 |
| 7930747 | SLIDE, Series 2018-FUN-XCP | 0.00 % (a)(b)(d) | 06/09/2023 | 79 |
| 5378000 | UBS Commercial Mortgage Trust, Series 2017-C3-XB | 0.43 % (b)(d) | 08/15/2050 | 100259 |
| 5893508 | Wells Fargo Commercial Mortgage Trust, Series 2015-NXS2-XA | 0.61 % (b)(d) | 07/15/2058 | 73370 |
| 3589746 | Wells Fargo Commercial Mortgage Trust, Series 2015-P2-XA | 0.93 % (b)(d) | 12/15/2048 | 79843 |
| 2586833 | Wells Fargo Commercial Mortgage Trust, Series 2018-C48-XA | 0.88 % (b)(d) | 01/15/2052 | 109151 |
| 858576 | Wells Fargo Commercial Mortgage Trust, Series 2021-C59-XA | 1.54 % (b)(d) | 04/15/2054 | 71329 |
|  **Total Non-Agency Commercial Mortgage Backed Obligations** (Cost $7,385,613) | **Total Non-Agency Commercial Mortgage Backed Obligations** (Cost $7,385,613) |  |  | 5496313 |
|  **Non-Agency Residential Collateralized Mortgage Obligations - 13.7%** | **Non-Agency Residential Collateralized Mortgage Obligations - 13.7%** | **Non-Agency Residential Collateralized Mortgage Obligations - 13.7%** |  |  |
| 312019 | AJAX Mortgage Loan Trust, Series 2021-C-A | 2.12 % (a)(g) | 01/25/2061 | 290485 |
| 790171 | Chase Mortgage Finance Trust, Series 2006-A1-2A2 | 3.99 % (b) | 09/25/2036 | 680416 |
| 77646 | Citigroup Mortgage Loan Trust, Inc., Series 2006-AR2-1A2 | 2.97 % (b) | 03/25/2036 | 72178 |
| 531365 | COLT Mortgage Loan Trust, Series 2021-HX1-A1 | 1.11 % (a)(b) | 10/25/2066 | 426505 |
| 329010 | Countrywide Alternative Loan Trust, Series 2007-9T1-1A6 | 6.00% | 05/25/2037 | 170959 |
| 737021 | CSMC Trust, Series 2022-NQM1-A1 | 2.27 % (a)(b) | 11/25/2066 | 635722 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount<br>$/Shares** | **Security Description** | **Rate** | **Maturity** | **Value $** |
| 370633 | Deutsche ALT-A Securities, Inc. Mortgage Loan Trust, Series 2006-AR6-A6 (1 Month LIBOR USD + 0.38%, 0.38% Floor, 10.50% Cap) | 4.77% | 02/25/2037 | 317768 |
| 158270 | Lehman Mortgage Trust, Series 2007-6-2A1 (1 Month LIBOR USD + 0.42%, 0.42% Floor) | 4.81% | 05/25/2037 | 127989 |
| 807840 | Merrill Lynch Alternative Note Asset Trust, Series 2007-OAR5-1A1 | 3.04 % (b) | 10/25/2047 | 272779 |
| 1159559 | Merrill Lynch Mortgage Backed Securities Trust, Series 2007-2-1A1 (1 Year CMT Rate + 2.40%, 2.40% Floor) | 7.18% | 08/25/2036 | 1016473 |
| 206972 | OBX Trust, Series 2020-EXP2-A3 | 2.50 % (a)(b) | 05/25/2060 | 164776 |
| 358864 | PRPM LLC, Series 2021-4-A1 | 1.87 % (a)(g) | 04/25/2026 | 323139 |
| 750919 | Residential Accredit Loans, Inc., Series 2007-QS8-A3 (1 Month LIBOR USD + 0.60%, 0.60% Floor, 6.00% Cap) | 4.99% | 06/25/2037 | 523005 |
| 500000 | Starwood Mortgage Residential Trust, Series 2020-2-M1E | 3.00 % (a) | 04/25/2060 | 469341 |
| 392318 | Starwood Mortgage Residential Trust, Series 2021-5-A1 | 1.92 % (a)(b) | 09/25/2066 | 317846 |
| 268457 | Velocity Commercial Capital Loan Trust, Series 2018-2-A | 4.05 % (a)(b) | 10/26/2048 | 257504 |
| 496504 | Velocity Commercial Capital Loan Trust, Series 2021-2-M2 | 2.20 % (a)(b) | 08/25/2051 | 391421 |
| 379322 | VOLT LLC, Series 2021-NPL1-A1 | 1.89 % (a)(g) | 02/27/2051 | 329328 |
|  **Total Non-Agency Residential Collateralized Mortgage Obligations** (Cost $7,855,998) | **Total Non-Agency Residential Collateralized Mortgage Obligations** (Cost $7,855,998) |  |  | 6787634 |
|  **US Corporate Bonds - 7.1%** | **US Corporate Bonds - 7.1%** |  |  |  |
| 45000 | American Express Company | 3.38% | 05/03/2024 | 44107 |
| 50000 | American Express Company (Secured Overnight Financing Rate + 0.93%) | 5.18% | 03/04/2025 | 49984 |
| 90000 | Athene Global Funding | 4.90 % (a)(c) | 05/24/2024 | 88449 |
| 60000 | Bank of America Corporation (3 Month LIBOR USD + 0.79%) | 5.56% | 03/05/2024 | 59972 |
| 30000 | Bank of America Corporation (Secured Overnight Financing Rate + 0.69%) | 4.64% | 04/22/2025 | 29630 |
| 45000 | Brighthouse Financial Global Funding | 0.60 % (a) | 06/28/2023 | 43897 |
| 95000 | Broadcom, Inc. | 3.15% | 11/15/2025 | 90088 |
| 90000 | Capital One Financial Corporation (Secured Overnight Financing Rate + 2.16%) | 4.99% | 07/24/2026 | 88234 |
| 105000 | Charles Schwab Corporation | 5.30 % (c) | 03/03/2027 | 102270 |
| 65000 | Citigroup, Inc. (3 Month LIBOR USD + 1.02%) | 5.78% | 06/01/2024 | 65098 |
| 25000 | Citigroup, Inc. (Secured Overnight Financing Rate + 0.53%) | 1.28% | 11/03/2025 | 23053 |
| 45000 | Comcast Corporation | 5.25% | 11/07/2025 | 45640 |
| 25000 | Conagra Brands, Inc. | 4.30% | 05/01/2024 | 24669 |
| 85000 | Dollar Tree, Inc. | 4.00% | 05/15/2025 | 83060 |
| 65000 | Elevance Health, Inc. | 3.50% | 08/15/2024 | 63443 |
| 90000 | Energy Transfer LP | 5.88% | 01/15/2024 | 90255 |
| 95000 | Entergy Louisiana LLC | 0.95% | 10/01/2024 | 88492 |
| 90000 | Expedia Group, Inc. | 6.25 % (a) | 05/01/2025 | 90836 |
| 90000 | General Motors Financial Company, Inc. | 5.25% | 03/01/2026 | 88707 |
| 90000 | Goldman Sachs Group, Inc. | 3.50% | 04/01/2025 | 86624 |
| 90000 | HCA, Inc. | 5.00% | 03/15/2024 | 89526 |
| 125000 | Hyundai Capital America | 1.00 % (a) | 09/17/2024 | 115568 |
| 90000 | JPMorgan Chase & Company | 3.90% | 07/15/2025 | 88074 |
| 45000 | JPMorgan Chase & Company (Secured Overnight Financing Rate + 1.32%) | 5.27% | 04/26/2026 | 44608 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount<br>$/Shares** | **Security Description** | **Rate** | **Maturity** | **Value $** |
| 95000 | Keurig Dr Pepper, Inc. | 0.75% | 03/15/2024 | 90223 |
| 50000 | Lowe's Companies, Inc. | 4.40% | 09/08/2025 | 49305 |
| 90000 | Magallanes, Inc. | 3.79 % (a) | 03/15/2025 | 86038 |
| 90000 | Marriott International, Inc. | 3.60% | 04/15/2024 | 88243 |
| 90000 | Marsh & McLennan Companies, Inc. | 3.88% | 03/15/2024 | 88794 |
| 95000 | Microchip Technology, Inc. | 0.97% | 02/15/2024 | 90255 |
| 90000 | Morgan Stanley (Secured Overnight Financing Rate + 0.46%) | 0.53% | 01/25/2024 | 89399 |
| 25000 | Nissan Motor Acceptance Company LLC | 1.13 % (a) | 09/16/2024 | 22796 |
| 90000 | Oracle Corporation | 5.80% | 11/10/2025 | 92115 |
| 20000 | Pacific Gas and Electric Company | 3.25% | 02/16/2024 | 19530 |
| 70000 | Pacific Gas and Electric Company | 4.95% | 06/08/2025 | 68985 |
| 80000 | Parker-Hannifin Corporation | 3.65% | 06/15/2024 | 78321 |
| 95000 | Penske Truck Leasing Company LP | 2.70 % (a) | 11/01/2024 | 89615 |
| 95000 | Republic Services, Inc. | 2.50% | 08/15/2024 | 91096 |
| 90000 | Royalty Pharma PLC | 0.75% | 09/02/2023 | 87214 |
| 100000 | Southern California Edison Company | 5.15 % (c) | 04/01/2024 | 99314 |
| 100000 | Triton Container International Ltd. | 0.80 % (a) | 08/01/2023 | 96529 |
| 90000 | Truist Financial Corporation (Secured Overnight Financing Rate + 1.46%) | 4.26% | 07/28/2026 | 88519 |
| 25000 | UnitedHealth Group, Inc. | 5.15% | 10/15/2025 | 25312 |
| 20000 | UnitedHealth Group, Inc. | 3.70% | 05/15/2027 | 19378 |
| 90000 | Verizon Communications, Inc. (3 Month LIBOR USD + 1.10%) | 5.71% | 05/15/2025 | 90761 |
| 90000 | Wells Fargo & Company (Secured Overnight Financing Rate + 1.60%) | 1.65% | 06/02/2024 | 88561 |
| 90000 | Welltower, Inc. | 3.63% | 03/15/2024 | 88115 |
| 95000 | Zimmer Biomet Holdings, Inc. | 1.45% | 11/22/2024 | 88386 |
|  **Total US Corporate Bonds** (Cost $3,621,313) | **Total US Corporate Bonds** (Cost $3,621,313) |  |  | 3501088 |
|  **US Government and Agency Mortgage Backed Obligations - 2.3%** | **US Government and Agency Mortgage Backed Obligations - 2.3%** |  |  |  |
| 49251 | Federal Home Loan Mortgage Corporation, Series 2021-MN1-M1 (Secured Overnight Financing Rate 30 Day Average + 2.00%, 0.00% Floor) | 5.55 % (a) | 01/25/2051 | 46184 |
| 1252913 | Federal National Mortgage Association Pass-Thru, Pool FM7846 | 2.00% | 07/01/2036 | 1118984 |
|  **Total US Government and Agency Mortgage Backed Obligations** (Cost $1,336,654) | **Total US Government and Agency Mortgage Backed Obligations** (Cost $1,336,654) |  |  | 1165168 |
|  **US Government and Agency Obligations - 13.6%** | **US Government and Agency Obligations - 13.6%** |  |  |  |
| 1010000 | United States Treasury Notes | 2.50% | 05/31/2024 | 980055 |
| 660000 | United States Treasury Notes | 3.00% | 06/30/2024 | 644273 |
| 660000 | United States Treasury Notes | 3.00% | 07/31/2024 | 643861 |
| 410000 | United States Treasury Notes | 3.25% | 08/31/2024 | 401496 |
| 650000 | United States Treasury Notes | 4.25% | 09/30/2024 | 646775 |
| 570000 | United States Treasury Notes | 4.38% | 10/31/2024 | 568419 |
| 970000 | United States Treasury Notes | 4.50% | 11/30/2024 | 970114 |
| 500000 | United States Treasury Notes | 3.13% | 08/15/2025 | 485508 |
| 410000 | United States Treasury Notes | 3.50% | 09/15/2025 | 401864 |
| 410000 | United States Treasury Notes | 4.25 % (e) | 10/15/2025 | 409744 |
| 560000 | United States Treasury Notes | 4.50% | 11/15/2025 | 563456 |
|  **Total US Government and Agency Obligations** (Cost $6,762,332) | **Total US Government and Agency Obligations** (Cost $6,762,332) |  |  | 6715565 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal Amount<br>$/Shares** | **Security Description** | **Rate** | **Maturity** | **Value $** |
|  **Affiliated Mutual Funds - 7.9%** | **Affiliated Mutual Funds - 7.9%** |  |  |  |
| 438280 | DoubleLine Floating Rate Fund (Class I) |  |  | 3887539 |
|  **Total Affiliated Mutual Funds** (Cost $4,187,980) | **Total Affiliated Mutual Funds** (Cost $4,187,980) |  |  | 3887539 |
|  **Short Term Investments - 22.1%** | **Short Term Investments - 22.1%** |  |  |  |
| 1349646 | First American Government Obligations Fund - Class U | 4.10 % (f) |  | 1349646 |
| 1349646 | JP Morgan U.S. Government Money Market Fund - Institutional Share Class | 4.11 % (f) |  | 1349646 |
| 1349646 | Morgan Stanley Institutional Liquidity Funds Government Portfolio - Institutional Share Class | 4.11 % (f) |  | 1349646 |
| 410000 | United States Treasury Bills | 0.00 % (e) | 03/23/2023 | 406189 |
| 680000 | United States Treasury Bills | 0.00 % (e) | 08/10/2023 | 661680 |
| 6000000 | United States Treasury Bills | 0.00 % (e) | 10/05/2023 | 5797508 |
|  **Total Short Term Investments** (Cost $10,933,838) | **Total Short Term Investments** (Cost $10,933,838) |  |  | 10914315 |
|  **Total Investments - 107.1%** (Cost $57,177,043) | **Total Investments - 107.1%** (Cost $57,177,043) |  |  | 52966497 |
| Liabilities in Excess of Other Assets - (7.1)% | Liabilities in Excess of Other Assets - (7.1)% |  |  | (3527412) |
|  **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** |  |  | $**49439085** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the
weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Interest only security

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All or a portion of this security has been pledged as collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Seven-day yield as of period end

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) 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.

------

**<u>SECURITY TYPE BREAKDOWN as a % of Net Assets:</u>**

---

| | |
|:---|:---|
|  Short Term Investments | 22.1% |
|  Collateralized Loan Obligations | 17.6% |
|  Non-Agency Residential Collateralized Mortgage Obligations | 13.7% |
|  US Government and Agency Obligations | 13.6% |
|  Non-Agency Commercial Mortgage Backed Obligations | 11.1% |
|  Affiliated Mutual Funds | 7.9% |
|  US Corporate Bonds | 7.1% |
|  Foreign Corporate Bonds | 6.4% |
|  Asset Backed Obligations | 5.0% |
|  US Government and Agency Mortgage Backed Obligations | 2.3% |
|  Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.3% |
|  Other Assets and Liabilities | (7.1)% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% |

---

------

**<u>INVESTMENT BREAKDOWN as a % of Net Assets:</u>**

---

| | |
|:---|:---|
|  Short Term Investments | 22.1% |
|  Collateralized Loan Obligations | 17.6% |
|  Non-Agency Residential Collateralized Mortgage Obligations | 13.7% |
|  US Government and Agency Obligations | 13.6% |
|  Non-Agency Commercial Mortgage Backed Obligations | 11.1% |
|  Affiliated Mutual Funds | 7.9% |
|  Asset Backed Obligations | 5.0% |
|  Banking | 3.9% |
|  US Government and Agency Mortgage Backed Obligations | 2.3% |
|  Utilities | 1.5% |
|  Transportation | 0.9% |
|  Telecommunications | 0.8% |
|  Mining | 0.6% |
|  Technology | 0.6% |
|  Healthcare | 0.5% |
|  Insurance | 0.4% |
|  Automotive | 0.4% |
|  Chemical Products | 0.4% |
|  Finance | 0.4% |
|  Building and Development (including Steel/Metals) | 0.4% |
|  Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.3% |
|  Chemicals/Plastics | 0.3% |
|  Retailers (other than Food/Drug) | 0.3% |
|  Media | 0.3% |
|  Energy | 0.2% |
|  Food Products | 0.2% |
|  Environmental Control | 0.2% |
|  Beverage and Tobacco | 0.2% |
|  Commercial Services | 0.2% |
|  Hotels/Motels/Inns and Casinos | 0.2% |
|  Real Estate | 0.2% |
|  Pharmaceuticals | 0.2% |
|  Diversified Manufacturing | 0.2% |
|  Other Assets and Liabilities | (7.1)% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% |

---

------

**Swap Agreements** 

**EXCESS RETURN SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/Short** | **Financing<br>Rate** | **Payment<br>Frequency** | **Termination<br>Date** | **Notional<br>Amount** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation) /<br>Value** |
|  Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index<sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.20% | Termination | 01/05/2023 | 3100000 | EUR | $(135320) |
|  Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index<sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.20% | Termination | 09/07/2023 | 15400000 | EUR | (547383) |
|  Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index<sup>(1)</sup> | BNP Paribas | Long | 0.20% | Termination | 12/13/2023 | 15000000 | EUR | (632443) |
|  Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index<sup>(1)</sup> | BNP Paribas | Long | 0.20% | Termination | 03/15/2023 | 15000000 | EUR | (675919) |
|  |  |  |  |  |  |  |  | $(1991065) |

---

*<sup>(1)</sup>* *Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index aims to provide notional long exposure to the top four European equity sectors that are relatively undervalued, as defined by a modified version of the classic CAPE<sup>®</sup> Ratio (the "Relative CAPE<sup>®</sup> Indicator") and that possess relatively strong price momentum over the prior twelve months. Each European sector is represented by an index of equity securities of companies in the relevant sector. Information on the sector constituents as of December 31, 2022, is available on the Barclays Capital, Inc. website at https://indices.barclays/IM/12/en/indices/details.app;ticker=BXIIESAE.* 

---

| | |
|:---|:---|
| EUR | Euro  |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Settlement Date** | **Counterparty** | **Currency to be<br>Delivered** | | **Value** | **Currency to be<br>Received** | **Currency to be<br>Received** | **Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  06/07/2023 | Barclays Capital, Inc. | 16062053 | USD | $16062053 | 15100000 | EUR | $16330928 | $268875 |
|  06/07/2023 | JP Morgan Securities LLC | 3600000 | EUR | 3893466 | 3766962 | USD | 3766962 | (126504) |
|  06/07/2023 | JP Morgan Securities LLC | 13213169 | USD | 13213169 | 12100000 | EUR | 13086373 | (126796) |
|  06/07/2023 | Barclays Capital, Inc. | 4700000 | EUR | 5083136 | 4906824 | USD | 4906824 | (176312) |
|  06/07/2023 | Goldman Sachs | 51439479 | USD | 51439479 | 47000000 | EUR | 50831363 | (608116) |
|  06/07/2023 | Goldman Sachs | 17400000 | EUR | 18818420 | 17658411 | USD | 17658411 | (1160009) |
|  |  |  |  |  |  |  |  | $(1928862) |

---

---

| | |
|:---|:---|
| EUR | Euro  |

---

USD US Dollar

A summary of the 's investments in affiliated mutual funds for the period ended December 31, 2022 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Value at<br>March 31,<br>2022** | **Gross<br>Purchases** | **Gross<br>Sales** | **Shares<br>Held at<br>December 31,<br>2022** | **Value at<br>December 31,<br>2022** | **Change in<br>Unrealized<br>for the<br>Period Ended<br>December 31,<br>2022** | **Dividend<br>Income<br>Earned<br>for the<br>Period Ended<br>December 31,<br>2022** | **Net Realized<br>Gain (Loss)<br>for the<br>Period Ended<br>December 31,<br>2022** |
|  DoubleLine Floating Rate Fund (Class I) | $8152161 | $– $| (3900000) | 438280 | $3887539 | $(123830) | $212027 | $(240792) |

---

------

Notes to Schedule of Investments

December 31, 2022 (Unaudited)

------

**1. Organization** 

DoubleLine Funds Trust, a Delaware statutory trust (the "Trust"), is an open-end investment management company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). The Trust consists of 19 funds, DoubleLine Total Return Bond Fund, DoubleLine Core Fixed Income Fund, DoubleLine Emerging Markets Fixed Income Fund, DoubleLine Multi-Asset Growth Fund, DoubleLine Low Duration Bond Fund, DoubleLine Floating Rate Fund, DoubleLine Shiller Enhanced CAPE<sup>®</sup>, DoubleLine Flexible Income Fund, DoubleLine Low Duration Emerging Markets Fixed Income Fund, DoubleLine Selective Credit Fund, DoubleLine Long Duration Total Return Bond Fund, DoubleLine Strategic Commodity Fund, DoubleLine Global Bond Fund, DoubleLine Infrastructure Income Fund, DoubleLine Shiller Enhanced International CAPE<sup>®</sup>, DoubleLine Real Estate and Income Fund (formerly known as DoubleLine Colony Real Estate and Income Fund), DoubleLine Emerging Markets Local Currency Bond Fund, DoubleLine Income Fund and DoubleLine Multi-Asset Trend Fund (each, a "Fund" and, collectively, the "Funds").

Each Fund is classified as a diversified fund under the 1940 Act, except the DoubleLine Global Bond Fund, the DoubleLine Emerging Markets Local Currency Bond Fund, which are classified as non-diversified funds. 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 share class commenced operations are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Commencement of Operations** | **Commencement of Operations** | **Commencement of Operations** | **Commencement of Operations** |
| <br>**Fund Name** | <br>**Investment Objective** | **I Shares** | **N Shares** | **A Shares** | **R6 Shares** |
|  DoubleLine Total Return Bond Fund | Maximize total return | 4/6/2010 | 4/6/2010 |  | 7/31/2019 |
|  DoubleLine Core Fixed Income Fund | Maximize current income and total return | 6/1/2010 | 6/1/2010 |  | 7/31/2019 |
|  DoubleLine Emerging Markets Fixed Income Fund | Seek high total return from current income and capital appreciation | 4/6/2010 | 4/6/2010 |  |  |
|  DoubleLine Multi-Asset Growth Fund (Consolidated) | Seek long-term capital appreciation | 12/20/2010 |  | 12/20/2010 |  |
|  DoubleLine Low Duration Bond Fund | Seek current income | 9/30/2011 | 9/30/2011 |  | 7/31/2019 |
|  DoubleLine Floating Rate Fund | Seek a high level of current income | 2/1/2013 | 2/1/2013 |  |  |
|  DoubleLine Shiller Enhanced CAPE<sup>®</sup> | Seek total return which exceeds the total<br>return of its benchmark index | 10/31/2013 | 10/31/2013 |  | 7/31/2019 |
|  DoubleLine Flexible Income Fund | Seek long-term total return while striving to generate current income | 4/7/2014 | 4/7/2014 |  | 7/31/2019 |
|  DoubleLine Low Duration Emerging Markets Fixed Income Fund | Seek long-term total return | 4/7/2014 | 4/7/2014 |  |  |
|  DoubleLine Long Duration Total Return Bond Fund | Seek long-term total return | 12/15/2014 | 12/15/2014 |  |  |
|  DoubleLine Strategic Commodity Fund (Consolidated) | Seek long-term total return | 5/18/2015 | 5/18/2015 |  |  |
|  DoubleLine Global Bond Fund | Seek long-term total return | 12/17/2015 | 12/17/2015 |  |  |
|  DoubleLine Infrastructure Income Fund | Seek long-term total return while striving to generate current income | 4/1/2016 | 4/1/2016 |  |  |
|  DoubleLine Shiller Enhanced International CAPE<sup>®</sup> | Seek total return which exceeds the total<br>return of its benchmark index over a full<br>market cycle | 12/23/2016 | 12/23/2016 |  |  |
|  DoubleLine Real Estate and Income Fund | Seek total return which exceeds the total<br>return of its benchmark index over a full<br>market cycle | 12/17/2018 | 12/17/2018 |  |  |
|  DoubleLine Emerging Markets Local Currency Bond Fund | Seek high total return from current income and capital appreciation | 6/28/2019 | 6/28/2019 |  |  |
|  DoubleLine Income Fund | Maximize total return through investment<br>principally in income-producing securities | 9/3/2019 | 9/3/2019 |  |  |
|  DoubleLine Multi-Asset Trend Fund (Consolidated) | Seek total return (capital appreciation and<br>current income) which exceeds the total<br>return of its benchmark index over a full<br>market cycle | 2/26/2021 | 2/26/2021 |  |  |

---

------

**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 techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. 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)

Market values for domestic and foreign fixed income securities are normally determined on the basis of valuations 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 2 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.

---

| | |
|:---|:---|
| 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; convertible securities | Standard inputs and underlying equity of the issuer |
| US bonds and notes of government and 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 |

---

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 1 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 1 of the fair value hierarchy.

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 evaluations provided by independent pricing services or broker dealer quotations. 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 2 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 primary investment adviser, either DoubleLine Capital LP ("DoubleLine Capital") or DoubleLine Alternatives LP ("DoubleLine Alternatives") (each, an "Adviser" and, collectively, the "Advisers"), as applicable, 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 a Valuation Designee in accordance with Rule 2a-5. Each Adviser, as 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 Fund's investments as of December 31, 2022:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **DoubleLine<br>Total Return<br>Bond Fund** | **DoubleLine<br>Core Fixed<br>Income Fund** | **DoubleLine<br>Emerging<br>Markets Fixed<br>Income Fund** | **DoubleLine<br>Multi-Asset<br>Growth Fund<br>(Consolidated)** | **DoubleLine<br>Low Duration<br>Bond Fund** | **DoubleLine<br>Floating<br>Rate Fund** |
|  **Investments in Securities** |  |  |  |  |  |  |
|  Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments | $116605968 | $48512955 | $18125987 | $3318807 | $24544755 | $19740772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds |  | 448502550 |  | 3881405 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  | 1424793 | 1617312 |  | 632264 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  | 11266 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchange Traded Funds |  |  |  | 2319023 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts |  |  |  | 649550 |  |  |
|  Total Level 1 | 116605969 | 498451564 | 19743299 | 10168785 | 25177019 | 19740772 |
|  Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government and Agency Mortgage Backed Obligations | 14458512397 | 1218752542 |  | 1674455 | 137509506 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations | 9039586085 | 886366196 |  | 4372872 | 830325251 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations | 2979940584 | 464106102 |  |  | 845079852 | 1362534 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government and Agency Obligations | 2654009112 | 1371292346 |  |  | 1166025790 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | 1529938005 | 286330803 |  |  | 337032966 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations | 1222234925 | 324625697 |  |  | 1012764366 | 3057119 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Corporate Bonds |  | 1084153669 |  |  | 342675076 | 9775560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds |  | 456561144 | 377302033 |  | 598993442 | 612227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 276765038 |  |  | 313871021 | 218910535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations |  | 120102505 | 165738428 |  | 53876644 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments |  | 28150363 |  | 4602283 | 185365983 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds |  | 5555939 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Escrow Notes |  | 3187 |  |  |  |  |
|  Total Level 2 | 31884221108 | 6522765531 | 543040461 | 10649610 | 5823519897 | 233717975 |
|  Level 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations | 142980737 | 783811 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | 57361634 | 6796039 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  | 1379265 |  |  |  | 739519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 491124 |  |  |  | 393283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rights |  | 22116 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Escrow Notes |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations |  |  |  | 92090 |  |  |
|  Total Level 3 | 200342371 | 9472355 |  | 92090 |  | 1132802 |
|  Total | $32201169447 | $7030689450 | $562783760 | $20910485 | $5848696916 | $254591549 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **DoubleLine<br>Total Return<br>Bond Fund** | **DoubleLine<br>Core Fixed<br>Income<br>Fund** | **DoubleLine<br>Emerging<br>Markets Fixed<br>Income Fund** | **DoubleLine<br>Multi-Asset<br>Growth Fund<br>(Consolidated)** | **DoubleLine<br>Low Duration<br>Bond Fund** | **DoubleLine<br>Floating<br>Rate Fund** |
|  **Other Financial Instruments** |  |  |  |  |  |  |
|  Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $(28266221) | $(3012145) | $— | $(142497) | $— | $— |
|  Total Level 1 | (28266221) | (3012145) |  | (142497) |  |  |
|  Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Excess Return Swaps |  |  |  | 187043 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments |  | (225330) |  |  |  | (216153) |
|  Total Level 2 |  | (225330) |  | 187043 |  | (216153) |
|  Level 3 |  |  |  |  |  |  |
|  Total | $(28266221) | $(3237475) | $— | $44546 | $— | $(216153) |
| **Category** | **DoubleLine<br>Shiller<br>Enhanced<br>CAPE<sup>®</sup>** | **DoubleLine<br>Flexible<br>Income<br>Fund** | **DoubleLine<br>Low Duration<br>Emerging<br>Markets Fixed<br>Income Fund** | **DoubleLine<br>Long<br>Duration<br>Total Return<br>Bond Fund** | **DoubleLine<br>Strategic<br>Commodity<br>Fund<br>(Consolidated)** | **DoubleLine<br>Global Bond<br>Fund** |
|  **Investments in Securities** |  |  |  |  |  |  |
|  Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments | $51035424 | $43231152 | $11533492 | $249067 | $6388725 | $4934506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  | 39410 | 150391 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  | 1270 |  |  |  |  |
|  Total Level 1 | 51035424 | 43271832 | 11683883 | 249067 | 6388725 | 4934506 |
|  Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations | 973389205 | 188005486 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government and Agency Obligations | 798388051 | 44475586 |  | 10964836 |  | 43716741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations | 620981275 | 175041055 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations | 569535021 | 124818905 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | 327872413 | 40325949 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans | 345656151 | 80782072 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds | 324985725 | 67150251 | 200850119 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Corporate Bonds | 280017465 | 43896416 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government and Agency Mortgage Backed Obligations | 108830065 | 76241250 |  | 32551388 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 18673996 | 24785640 | 31982822 |  |  | 70269527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments | 126875634 | 47063033 |  |  | 200044406 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Excrow Notes |  | 752 |  |  |  |  |
|  Total Level 2 | 4495205001 | 912586395 | 232832941 | 43516224 | 200044406 | 113986268 |
|  Level 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations | 5206574 | 987716 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations | 1920254 | 7167239 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | 703130 | 304112 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations |  | 12496159 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 107387 |  |  |  |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **DoubleLine<br>Shiller<br>Enhanced<br>CAPE<sup>®</sup>** | **DoubleLine<br>Flexible<br>Income<br>Fund** | **DoubleLine<br>Low<br>Duration<br>Emerging<br>Markets<br>Fixed<br>Income<br>Fund** | **DoubleLine<br>Long<br>Duration<br>Total<br>Return<br>Bond Fund** | **DoubleLine<br>Strategic<br>Commodity<br>Fund<br>(Consolidated)** | **DoubleLine<br>Global Bond<br>Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; Rights | $— | $5301 | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Escrow Notes |  |  |  |  |  |  |
|  Total Level 3 | 7829958 | 21067914 |  |  |  |  |
|  Total | $4554070383 | $976926141 | $244516824 | $43765291 | $206433131 | $118920774 |
|  **Other Financial Instruments** |  |  |  |  |  |  |
|  Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $— | $— | $— | $(126668) | $— | $— |
|  Total Level 1 |  |  |  | (126668) |  |  |
|  Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Excess Return Swaps | (398242756) |  |  |  | (1021857) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Exchange Contracts |  |  |  |  |  | (139760) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments |  | (80056) |  |  |  |  |
|  Total Level 2 | (398242756) | (80056) |  |  | (1021857) | (139760) |
|  Level 3 |  |  |  |  |  |  |
|  Total | $(398242756) | $(80056) | $— | $(126668) | $(1021857) | $(139760) |
| **Category** | **DoubleLine<br>Infrastructure<br>Income Fund** | **DoubleLine<br>Shiller<br>Enhanced<br>International<br>CAPE<sup>®</sup>** | **Doubleline<br>Real Estate<br>and Income<br>Fund** | **Doubleline<br>Emerging<br>Markets<br>Local<br>Currency<br>Bond Fund** | **Doubleline<br>Income Fund** | **DoubleLine<br>Multi-Asset<br>Trend Fund<br>(Consolidated)** |
|  **Investments in Securities** |  |  |  |  |  |  |
|  Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments | $12198729 | $4048938 | $1705032 | $668110 | $6676975 | $265518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds |  | 3887539 |  |  |  | 9699012 |
|  Total Level 1 | 12198729 | 7936477 | 1705032 | 668110 | 6676975 | 9964530 |
|  Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | 158701696 | 2477234 |  |  | 1090630 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Corporate Bonds | 144623257 | 3501088 | 2573029 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds | 53279187 | 3147643 | 524972 | 1215732 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations |  | 8706412 | 1448904 |  | 10529910 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short Term Investments |  | 6865377 | 2029128 |  |  | 2515679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations |  | 6787634 |  |  | 10814693 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government and Agency Obligations |  | 6715565 | 1595988 |  | 2637344 | 2270678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations |  | 5496313 | 1615962 |  | 10163543 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government and Agency Mortgage Backed Obligations |  | 1165168 |  |  | 2596797 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations |  | 167586 |  | 7047156 |  |  |
|  Total Level 2 | 356604140 | 45030020 | 9787983 | 8262888 | 37832917 | 4786357 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **DoubleLine<br>Infrastructure<br>Income Fund** | **DoubleLine<br>Shiller<br>Enhanced<br>International<br>CAPE<sup>®</sup>** | **Doubleline<br>Real Estate<br>and<br>Income<br>Fund** | **Doubleline<br>Emerging<br>Markets<br>Local<br>Currency<br>Bond<br>Fund** | **Doubleline<br>Income<br>Fund** | **DoubleLine<br>Multi-Asset<br>Trend Fund<br>(Consolidated)** |
|  Level 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds | $2064521 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations |  |  |  |  | 5247789 |  |
|  Total Level 3 | 2064521 |  |  |  | 5247789 |  |
|  Total | $370867390 | $52966497 | $11493015 | $8930998 | $49757681 | $14750887 |
|  **Other Financial Instruments** |  |  |  |  |  |  |
|  Level 1 | $— | $— | $— | $— | $— | $— |
|  Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Excess Return Swaps |  | (1991065) | (1805133) |  |  | (1065319) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Exchange Contracts |  | (1928862) |  |  |  |  |
|  Total Level 2 |  | (3919927) | (1805133) |  |  |  |
|  Level 3 |  |  |  |  |  |  |
|  Total | $— | $(3919927) | $(1805133) | $— | $— | $(1065319) |

---

*See the Schedules of Investments for further disaggregation of investment categories.* 

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **DoubleLine**<br> **Flexible**<br> **Income**<br> **Fund** | **Fair Value<br>as of<br>3/31/2022** | **Net<br>Realized<br>Gain<br>(Loss)** | **Net Change in<br>Unrealized<br>Appreciation<br>(Depreciation)<sup>(c)</sup>** | **Net Accretion<br>(Amortization)** | **Purchases<sup>(a)</sup>** | **Sales<sup>(b)</sup>** | **Transfers<br>Into<br>Level 3<sup>(d)</sup>** | **Transfers <br>Out of<br>Level 3<sup>(d)</sup>** | **Fair Value<br>as of<br>12/31/2022** | **Net Change in<br>Unrealized<br>Appreciation<br>(Depreciation)<br>on securities<br>held at<br>12/31/2022<sup>(c)</sup>** |
|  **Investments in Securities** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | $18148394 | $(404145) | $(4322802) | $— | $806374 | $(1731662) | $— | $— | $12496159 | $(4202443) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations | 8647146 | 104644 | (550093) | 92976 |  | (1127434) |  |  | 7167239 | (477814) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations | 1134911 | 2554 | (67801) | 6622 |  | (88570) |  |  | 987716 | (81594) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | 502597 | (2247) | (244498) |  | 54043 | (5783) |  |  | 304112 | (207675) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Loans | 108383 | 334 | (3603) | 3269 |  | (996) |  |  | 107387 | (3250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights |  |  | 5301 |  |  |  |  |  | 5301 | 5301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations | 73653 |  | (18385) | 841 | 11955 |  |  | (68064) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | 1287 |  | (17) |  |  |  |  | (1270) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Escrow Notes |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds |  |  |  |  |  |  |  |  |  |  |
|  **Total** | $28616371 | $(298860) | $(5201898) | $103708 | $872372 | $(2954445) | $— | $(69334) | $21067914 | $(4972793) |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **DoubleLine<br>Income Fund** | **Fair Value<br>as of<br>3/31/2022** | **Net<br>Realized<br>Gain<br>(Loss)** | **Net Change in<br>Unrealized<br>Appreciation<br>(Depreciation)<sup>(c)</sup>** | **Net Accretion<br>(Amortization)** | **Purchases<sup>(a)</sup>** | **Sales<sup>(b)</sup>** | **Transfers<br>Into<br>Level 3<sup>(d)</sup>** | **Transfers<br>Out of<br>Level 3<sup>(d)</sup>** | **Fair<br>Value as<br>of<br>12/31/2022** | **Net Change in<br>Unrealized<br>Appreciation<br>(Depreciation)<br>on securities<br>held at<br>12/31/2022<sup>(c)</sup>** |
|  **Investments in Securities** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | $7811068 | $(131791) | $(2084252) | $(819) | $307518 | $(653935) | $— | $— | $5247789 | $(2003287) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations | 1157833 | (97758) | 149266 | 5659 |  | (1215000) |  |  |  |  |
|  **Total** | $8968901 | $(229549) | $(1934986) | $4840 | $307518 | $(1868935) | $— | $— | $5247789 | $(2003287) |

---

*<sup>(a)</sup>* *Purchases include all purchases of securities, payups and corporate actions.* 

*<sup>(b)</sup>* *Sales include all sales of securities, maturities, and paydowns.* 

*<sup>(c)</sup>* *Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2022 may be due to a security that was not held or categorized as Level 3 at either period end.* 

*<sup>(a)</sup>* *Transfers into or out of Level 3 can be attributed to changes in the availability of pricing sources and/or in the observability of significant inputs used to measure the fair value of those instruments.* 

The following is a summary of quantitative information about Level 3 Fair Value Measurements:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DoubleLine Flexible Income<br>Fund** | **Fair<br>Value as<br>of<br>12/31/2022** | **Valuation<br>Techniques** | **Unobservable<br>Input** | **Unobservable Input Values<br>(Weighted Average)<sup>(e)</sup>** | **Impact to valuation from an<br>increase to input** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | $12496159 | Market Comparables | Market Quotes | $45.42 - $84.55 ($61.34) | Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Residential Collateralized Mortgage Obligations | $7167239 | Market Comparables | Market Quotes | $91.47 ($91.47) | Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Obligations | $987716 | Market Comparables | Market Quotes | $75.63 ($75.63) | Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | $304112 | Market Comparables | Market Quotes | $0.02 - $24.00 ($15.54) | Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Loans | $107387 | Market Comparables | Market Quotes | $100.00 ($100.00) | Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights | $5301 | Intrinsic Value | Asset Sale Proceeds | $6.75 - $7.50 ($7.14) | Significant changes in asset sale proceeds would have resulted in direct changes in fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | $— | Intrinsic Value | Underlying Equity Price | $0.00 ($0.00) | Significant changes in the Underlying Equity Price would have resulted in direct changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Escrow Notes | $— | Income Approach | Expected Value | $0.00 ($0.00) | Significant changes in the expected value would have resulted in direct changes in the fair value of the security |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Corporate Bonds | $— | Market Comparables | EBITDA Multiples | $0.00 ($0.00) | Significant changes in the EBITDA multiple would have resulted in direct changes in the fair value of the security |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DoubleLine Income Fund** | **Fair<br>Value as<br>of<br>12/30/2022** | **Valuation<br>Techniques** | **Unobservable<br>Input** | **Unobservable Input Values<br>(Weighted Average)<sup>(e)</sup>** | **Impact to valuation from an<br>increase to input** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Backed Obligations | $5247789 | Market Comparables | Market Quotes | $32.33 - $5.533.79 ($1,241.25) | Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |

---

*<sup>(e)</sup>* *Unobservable inputs were weighted by the relative fair value of the instruments.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DoubleLine Funds Trust

- **b. Investment Company Act file number:** 811-22378

- **c. CIK number of Registrant:** 0001480207

- **d. LEI of Registrant:** 549300MUFFXFRMY0RH66

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2002 North Tampa Street

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

  - **Telephone number:** 813-791-7333

**Item A.2. Information about the Series.**

- **a. Name of Series:** Doubleline Shiller Enhanced International CAPE

- **b. EDGAR series identifier (if any):** S000055534

- **c. LEI of Series:** 549300IPJNL5SLE09L50

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $53397225.47

**Total Liabilities:** $4216107.94

**Net Assets:** $49181117.53

**Cash Not Reported:** $964.84

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 41.000000000000 | **1-Year:** 1684.000000000000 | **5-Year:** 4799.000000000000 | **10-Year:** 506.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 4.000000000000 | **1-Year:** 749.000000000000 | **5-Year:** 968.000000000000 | **10-Year:** 36.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174823 | 4.47%                | 12.42%               | -1.05%               |
| Class ID C000174824 | 4.45%                | 12.49%               | -1.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-251325.41              | $-248346.17                                |
| Month 2  | $-56501.82               | $216560.13                                 |
| Month 3  | $-55589.27               | $62115.15                                  |

**Designated Index Information**

- **Index Name:** Shiller Barclays CAPE Europe Sector Net TR NoC USD Index

- **Index Identifier:** BXIIESUT

### Schedule of Portfolio Investments

| Name                           | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                      | CUSIP: 05401AAB7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | IE        |     90000 | PA      | $89016.73     | 0.18%             | 2023-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP               | BAT Capital Corp                                                 | CUSIP: 05526DBG9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | GB        |     95000 | PA      | $90964.99     | 0.18%             | 2024-09-06      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BB-UBS Trust                   | BB-UBS Trust 2012-SHOW                                           | CUSIP: 05538UAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3844000 | PA      | $12055.94     | 0.02%             | 2036-11-05      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| BSREP Commercial Mortgage Trus | BSREP Commercial Mortgage Trust 2021-DC                          | CUSIP: 05591UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181000 | PA      | $156783.97    | 0.32%             | 2038-08-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2021-VIEW                                               | CUSIP: 05606GAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $92394.42     | 0.19%             | 2036-06-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| BANCO CONTINENTAL S.A.E.       | Banco Continental SAECA                                          | CUSIP: 059490AB8<br>LEI: 8945005Q0D60A6FCEM55 | Long             | DBT              | CORP              | PY        |    150000 | PA      | $134379.75    | 0.27%             | 2025-12-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2021-BNK36                                                  | CUSIP: 06540DBN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2759679 | PA      | $129405.49    | 0.26%             | 2064-09-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2018-B2 Mortgage Trust                                 | CUSIP: 08161CAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5162628 | PA      | $80163.74     | 0.16%             | 2051-02-15      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B26 Mortgage Trust                                | CUSIP: 08163EBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2271000 | PA      | $90439.62     | 0.18%             | 2054-06-15      | Variable      | 0.64%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B28 Mortgage Trust                                | CUSIP: 08163GAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1806234 | PA      | $127665.33    | 0.26%             | 2054-08-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND        | Brighthouse Financial Global Funding                             | CUSIP: 10921U2D9<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43897.37     | 0.09%             | 2023-06-28      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                     | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90088.20     | 0.18%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2018-EXCL                                               | CUSIP: 12433WAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14551 | PA      | $14167.57     | 0.03%             | 2037-09-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management            | CBAM 2017-2 Ltd                                                  | CUSIP: 12481KAS7<br>LEI: 254900JYLIAZT0YFW632 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $481690.05    | 0.98%             | 2034-07-17      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2015-CCRE27 Mortgage Trust                                  | CUSIP: 12635QBH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6043299 | PA      | $121137.92    | 0.25%             | 2048-10-10      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-NQM1                                                   | CUSIP: 126416AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    737021 | PA      | $635721.89    | 1.29%             | 2066-11-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2017-TIME                                                   | CUSIP: 12652XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164000 | PA      | $140051.82    | 0.28%             | 2039-11-13      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2018-C                                | CUSIP: 12655CAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453247 | PA      | $453275.95    | 0.92%             | 2025-09-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY       | Canadian Pacific Railway Co                                      | CUSIP: 13645RBD5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $88617.86     | 0.18%             | 2024-12-02      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                       | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88233.78     | 0.18%             | 2026-07-24      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Cathedral Lake LTD             | Cathedral Lake VIII Ltd                                          | CUSIP: 14919GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $966065.90    | 1.96%             | 2035-01-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Mortgage Finance Trust Series 2006-A1                      | CUSIP: 16163CAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790171 | PA      | $680415.71    | 1.38%             | 2036-09-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C1                      | CUSIP: 17290YAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2729104 | PA      | $130085.74    | 0.26%             | 2049-05-10      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                    | CUSIP: 172967ND9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23052.89     | 0.05%             | 2025-11-03      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2014-GC19                    | CUSIP: 17322AAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2570849 | PA      | $20894.83     | 0.04%             | 2047-03-11      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                      | CUSIP: 38141GXJ8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86624.41     | 0.18%             | 2025-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                          | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89525.79     | 0.18%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd | Highbridge Loan Management 3-2014                                | CUSIP: 40436XAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $448668.55    | 0.91%             | 2029-07-18      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                          | CUSIP: 44891ABY2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115567.88    | 0.23%             | 2024-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-BCON | CUSIP: 46590WAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $299255.19    | 0.61%             | 2031-01-05      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                              | CUSIP: 46625HMN7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88073.61     | 0.18%             | 2025-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C27              | CUSIP: 46644ABM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $181693.24    | 0.37%             | 2048-02-15      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                              | CUSIP: 46647PDB9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44608.47     | 0.09%             | 2026-04-26      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money M | JPMorgan US Government Money Market Fund                         | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   1349646 | NS      | $1349646.36   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                             | CUSIP: 49271VAL4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90223.33     | 0.18%             | 2024-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort | LCCM 2021-FL3 Trust                                              | CUSIP: 50190FAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    125000 | PA      | $117290.13    | 0.24%             | 2038-11-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL6 Ltd                                                 | CUSIP: 55283TAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $140922.75    | 0.29%             | 2036-07-16      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC       | Marsh & McLennan Cos Inc                                         | CUSIP: 571748BF8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88794.10     | 0.18%             | 2024-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL         | Marriott International Inc/MD                                    | CUSIP: 571900BB4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88242.95     | 0.18%             | 2024-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MERCURY CHILE HOLDCO LLC       | Mercury Chile Holdco LLC                                         | CUSIP: 58937CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    200000 | PA      | $192000.00    | 0.39%             | 2027-01-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CER8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1010000 | PA      | $980055.08    | 1.99%             | 2024-05-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    560000 | PA      | $563456.25    | 1.15%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    970000 | PA      | $970113.67    | 1.97%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                                           | CUSIP: 91324PEG3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19378.35     | 0.04%             | 2027-05-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                                           | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25312.26     | 0.05%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Tra | VOLT XCII LLC                                                    | CUSIP: 91835MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    379322 | PA      | $329328.12    | 0.67%             | 2051-02-27      | Variable      | 1.89%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2018-2                    | CUSIP: 92259BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268457 | PA      | $257504.50    | 0.52%             | 2048-10-26      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2021-2                    | CUSIP: 92259MAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496504 | PA      | $391421.02    | 0.80%             | 2051-08-25      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture XXIX CLO Ltd                                             | CUSIP: 92331EAF3<br>LEI: 549300ITFR7G25007V93 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $490480.80    | 1.00%             | 2030-09-07      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                       | CUSIP: 92343VEP5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90761.17     | 0.18%             | 2025-05-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health Inc                                              | CUSIP: 94973VBJ5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63443.04     | 0.13%             | 2024-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2015-NXS2                  | CUSIP: 94989MAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5893508 | PA      | $73370.05     | 0.15%             | 2058-07-15      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2015-P2                    | CUSIP: 95000AAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3589746 | PA      | $79843.14     | 0.16%             | 2048-12-15      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                 | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88560.92     | 0.18%             | 2024-06-02      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                | AREIT 2019-CRE3 Trust                                            | CUSIP: 00217LAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    231000 | PA      | $215114.36    | 0.44%             | 2036-09-14      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust       | Ajax Mortgage Loan Trust 2021-C                                  | CUSIP: 009733AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312019 | PA      | $290485.19    | 0.59%             | 2061-01-25      | Variable      | 2.12%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                | Allegro CLO X Ltd                                                | CUSIP: 01750FAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $489305.70    | 0.99%             | 2032-07-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T | Alternative Loan Trust 2007-9T1                                  | CUSIP: 02150JAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329010 | PA      | $170958.65    | 0.35%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                              | CUSIP: 025816CR8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49984.47     | 0.10%             | 2025-03-04      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                              | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44107.34     | 0.09%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Commercial Real Estate Notes 2021-FL1 Ltd           | CUSIP: 03881CAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    130000 | PA      | $122074.29    | 0.25%             | 2035-12-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec | Arbor Multifamily Mortgage Securities Trust 2021-MF2             | CUSIP: 03881VBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1635580 | PA      | $107664.04    | 0.22%             | 2054-06-15      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING          | Athene Global Funding                                            | CUSIP: 04685A2X8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88448.76     | 0.18%             | 2024-05-24      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                             | CUSIP: 06051GHE2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59971.92     | 0.12%             | 2024-03-05      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                             | CUSIP: 06051GJU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29629.59     | 0.06%             | 2025-04-22      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL               | Bank of Montreal                                                 | CUSIP: 06368FAH2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $99546.91     | 0.20%             | 2024-03-08      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia/The                                          | CUSIP: 0641596E1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     45000 | PA      | $41978.73     | 0.09%             | 2024-07-31      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust   | CD 2017-CD6 Mortgage Trust                                       | CUSIP: 125039AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $210360.48    | 0.43%             | 2050-11-13      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus | CFCRE Commercial Mortgage Trust 2018-TAN                         | CUSIP: 12528DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3545000 | PA      | $165.91       | 0.00%             | 2033-02-15      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| CFIP CLO LTD                   | CFIP CLO 2021-1 Ltd                                              | CUSIP: 12529QAC3<br>LEI: 549300NTT3VNL25G1526 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $483804.80    | 0.98%             | 2035-01-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| CHCP 2021-FL1 Ltd.             | CHCP 2021-FL1 Ltd                                                | CUSIP: 12546JAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $93070.60     | 0.19%             | 2038-02-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2015-LC21 Mortgage Trust                                    | CUSIP: 12593FAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5899257 | PA      | $137013.19    | 0.28%             | 2048-07-10      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2015-DC1 Mortgage Trust                                     | CUSIP: 12629NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186000 | PA      | $160366.34    | 0.33%             | 2048-02-10      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2016-C7 Commercial Mortgage Trust                          | CUSIP: 12637UBB4<br>LEI: 5493006MX7HG5PC85C29 | Long             | ABS-MBS          | CORP              | US        |    179000 | PA      | $155111.43    | 0.32%             | 2049-11-15      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                    | CUSIP: 172967MA6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65097.70     | 0.13%             | 2024-06-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust 2006-AR2                           | CUSIP: 17307G6L7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77646 | PA      | $72178.22     | 0.15%             | 2036-03-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-HX1 Mortgage Loan Trust                                | CUSIP: 19688KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    531365 | PA      | $426504.95    | 0.87%             | 2066-10-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                     | CUSIP: 20030NDZ1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45639.50     | 0.09%             | 2025-11-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST  | Commonbond Student Loan Trust 2017-B-GS                          | CUSIP: 20268KAC4<br>LEI: 549300KDXV3I7WKXA522 | Long             | ABS-O            | CORP              | US        |    526010 | PA      | $478943.60    | 0.97%             | 2042-09-25      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                               | CUSIP: 205887CA8<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24668.81     | 0.05%             | 2024-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg | DBJPM 16-C1 Mortgage Trust                                       | CUSIP: 23312LAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165000 | PA      | $146856.55    | 0.30%             | 2049-05-10      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg | DBJPM 2016-C3 Mortgage Trust                                     | CUSIP: 23312VAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $144407.13    | 0.29%             | 2049-08-10      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities INC  | Deutsche Alt-A Securities Mortgage Loan Trust Series 2006-AR6    | CUSIP: 25150RAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370633 | PA      | $317767.99    | 0.65%             | 2037-02-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Diamond Resorts Owner Trust    | Diamond Resorts Owner Trust 2021-1                               | CUSIP: 25273CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520992 | PA      | $480636.94    | 0.98%             | 2033-11-21      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| DOLLAR TREE INC                | Dollar Tree Inc                                                  | CUSIP: 256746AG3<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83059.86     | 0.17%             | 2025-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DoubleLine Floating Rate Fund  | DoubleLine Floating Rate Fund                                    | CUSIP: 258620848<br>LEI: 5493004OMYPI8RQBET29 | Long             | EC               | RF                | US        |    438280 | NS      | $3887539.37   | 7.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOPETROL SA                   | Ecopetrol SA                                                     | CUSIP: 279158AK5<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     30000 | PA      | $28636.80     | 0.06%             | 2025-01-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                               | CUSIP: 29278NAM5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90254.69     | 0.18%             | 2024-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC          | Entergy Louisiana LLC                                            | CUSIP: 29364WBK3<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88492.23     | 0.18%             | 2024-10-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC              | Expedia Group Inc                                                | CUSIP: 30212PAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90835.91     | 0.18%             | 2025-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                  | CUSIP: 3140XBWG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1252913 | PA      | $1118983.53   | 2.28%             | 2036-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                       | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1349646 | NS      | $1349646.35   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Multifamily Structured Credit  | Freddie Mac Multifamily Structured Credit Risk                   | CUSIP: 35563FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50159 | PA      | $47035.89     | 0.10%             | 2051-01-25      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2016-GS4                            | CUSIP: 36251XAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4297547 | PA      | $75301.19     | 0.15%             | 2049-11-10      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp Trust 2020-UPTN                      | CUSIP: 36258PAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186000 | PA      | $152908.87    | 0.31%             | 2037-02-10      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                  | CUSIP: 37045XBG0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88706.78     | 0.18%             | 2026-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.              | Generate CLO 6 Ltd                                               | CUSIP: 37148JAA1<br>LEI: 254900V675MOVWK0HA08 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $971378.80    | 1.98%             | 2035-01-22      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC           | Glencore Funding LLC                                             | CUSIP: 378272AF5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | AU        |     90000 | PA      | $89541.32     | 0.18%             | 2023-05-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC           | Glencore Funding LLC                                             | CUSIP: 378272AL2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | AU        |     15000 | PA      | $14524.18     | 0.03%             | 2025-04-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort | LCCM 2021-FL3 Trust                                              | CUSIP: 50190FAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    125000 | PA      | $118676.38    | 0.24%             | 2038-11-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                | Lehman XS Trust 2007-6                                           | CUSIP: 52524PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158270 | PA      | $127988.87    | 0.26%             | 2037-05-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Logan CLO III Ltd              | Logan CLO III Ltd                                                | CUSIP: 54054PAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $485204.75    | 0.99%             | 2035-04-21      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                   | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49304.74     | 0.10%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MKS CLO Ltd                    | MKS CLO 2017-1 Ltd                                               | CUSIP: 55317AAA7<br>LEI: 5493003VGNSG059H2J98 | Long             | ABS-CBDO         | CORP              | US        |    498433 | PA      | $493619.96    | 1.00%             | 2030-07-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| MFT Trust                      | MFT Trust 2020-ABC                                               | CUSIP: 55317BAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186000 | PA      | $121744.63    | 0.25%             | 2042-02-10      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD            | Macquarie Group Ltd                                              | CUSIP: 55608JAL2<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |     90000 | PA      | $89679.55     | 0.18%             | 2024-03-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC       | Warnermedia Holdings Inc                                         | CUSIP: 55903VAU7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86037.57     | 0.17%             | 2025-03-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR5      | CUSIP: 590227AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    807840 | PA      | $272778.85    | 0.55%             | 2047-10-25      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Backed  | Merrill Lynch Mortgage Backed Securities Trust Series 2007-2     | CUSIP: 59025GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1159559 | PA      | $1016473.15   | 2.07%             | 2036-08-25      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC       | Microchip Technology Inc                                         | CUSIP: 595017BB9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90255.33     | 0.18%             | 2024-02-15      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2017-ASHF                         | CUSIP: 61691KAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15277000 | PA      | $15.28        | 0.00%             | 2019-05-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                   | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89398.59     | 0.18%             | 2024-01-25      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                                       | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1349646 | NS      | $1349646.36   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34      | CUSIP: 61767EAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4953748 | PA      | $171235.71    | 0.35%             | 2052-11-15      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | MSC Trust 2021-ILP                                               | CUSIP: 62479WAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214291 | PA      | $201424.14    | 0.41%             | 2023-11-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| National Collegiate Student Lo | National Collegiate Student Loan Trust 2006-1                    | CUSIP: 63543PCD6<br>LEI: 635400ZLDAQQL4PJBJ98 | Long             | ABS-O            | CORP              | US        |    621890 | PA      | $591569.58    | 1.20%             | 2033-03-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2018-A                 | CUSIP: 63940PAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $472807.90    | 0.96%             | 2042-02-18      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE        | Nissan Motor Acceptance Co LLC                                   | CUSIP: 65480CAB1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22795.65     | 0.05%             | 2024-09-16      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2020-EXP2 Trust                                              | CUSIP: 67448VAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206972 | PA      | $164776.15    | 0.34%             | 2060-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                      | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92114.90     | 0.19%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag | PRPM 2021-4 LLC                                                  | CUSIP: 693583AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    358864 | PA      | $323138.97    | 0.66%             | 2026-04-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC         | Pacific Gas and Electric Co                                      | CUSIP: 694308KA4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19529.82     | 0.04%             | 2024-02-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC         | Pacific Gas and Electric Co                                      | CUSIP: 694308KE6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68984.94     | 0.14%             | 2025-06-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2021-2 Ltd                                     | CUSIP: 69701XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $488414.10    | 0.99%             | 2034-07-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP           | Parker-Hannifin Corp                                             | CUSIP: 701094AQ7<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78321.34     | 0.16%             | 2024-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                    | CUSIP: 709599BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $89614.48     | 0.18%             | 2024-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | RALI Series 2007-QS8 Trust                                       | CUSIP: 74922UAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750919 | PA      | $523005.33    | 1.06%             | 2037-06-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| RLGH Trust                     | RLGH Trust 2021-TROT                                             | CUSIP: 74969CAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $140860.77    | 0.29%             | 2036-04-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| RR Ltd                         | RR 14 Ltd                                                        | CUSIP: 74980PAA1<br>LEI: 54930006FTQV76P0VH16 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $488888.60    | 0.99%             | 2036-04-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC          | Republic Services Inc                                            | CUSIP: 760759AU4<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91096.29     | 0.19%             | 2024-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                             | CUSIP: 78016EZ59<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $87047.55     | 0.18%             | 2025-04-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC             | Royalty Pharma PLC                                               | CUSIP: 78081BAG8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87214.16     | 0.18%             | 2023-09-02      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit | SG Commercial Mortgage Securities Trust 2016-C5                  | CUSIP: 78419CAG9<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |   2275255 | PA      | $101673.41    | 0.21%             | 2048-10-10      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit | SG Commercial Mortgage Securities Trust 2016-C5                  | CUSIP: 78419CAK0<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $172001.24    | 0.35%             | 2048-10-10      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust               | SLG Office Trust 2021-OVA                                        | CUSIP: 78449RAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18169000 | PA      | $291950.39    | 0.59%             | 2041-07-15      | Variable      | 0.26%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC        | Sasol Financing USA LLC                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $177299.43    | 0.36%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp/The                                          | CUSIP: 808513BZ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102270.36    | 0.21%             | 2027-03-03      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD             | Shackleton 2015-VII-R CLO Ltd                                    | CUSIP: 81883AAL3<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $489771.65    | 1.00%             | 2031-07-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Slide 2018-Fun                 | SLIDE 2018-FUN                                                   | CUSIP: 831350AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7930747 | PA      | $79.31        | 0.00%             | 2020-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO XXIII                                            | CUSIP: 83614BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $482530.35    | 0.98%             | 2034-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO XXVI Ltd                                         | CUSIP: 83614XAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $957411.80    | 1.95%             | 2034-07-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                                    | CUSIP: 842400HC0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99314.13     | 0.20%             | 2024-04-01      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2020-2                       | CUSIP: 85573DCA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $469341.25    | 0.95%             | 2060-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-5                       | CUSIP: 85573QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    392318 | PA      | $317845.54    | 0.65%             | 2066-09-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd             | THL Credit Wind River 2014-2 CLO Ltd                             | CUSIP: 88390AAT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $489175.75    | 0.99%             | 2031-01-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trus | 3650R 2021-PF1 Commercial Mortgage Trust                         | CUSIP: 88581EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $167877.84    | 0.34%             | 2054-11-15      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | Toronto-Dominion Bank/The                                        | CUSIP: 89114TZE5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $88471.48     | 0.18%             | 2024-09-10      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER               | Triton Container International Ltd                               | CUSIP: 89680YAD7<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96529.21     | 0.20%             | 2023-08-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP          | Truist Financial Corp                                            | CUSIP: 89788MAH5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88518.65     | 0.18%             | 2026-07-28      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2017-C3                            | CUSIP: 90276GAV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5378000 | PA      | $100258.83    | 0.20%             | 2050-08-15      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                      | CUSIP: 912796U31<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    410000 | PA      | $406188.44    | 0.83%             | 2023-03-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                      | CUSIP: 912796XY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    680000 | PA      | $661679.39    | 1.35%             | 2023-08-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                      | CUSIP: 912796YJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5797508.34   | 11.79%            | 2023-10-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $644273.44    | 1.31%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $643860.94    | 1.31%             | 2024-07-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $485507.81    | 0.99%             | 2025-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    410000 | PA      | $401495.70    | 0.82%             | 2024-08-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    410000 | PA      | $401864.06    | 0.82%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    650000 | PA      | $646775.39    | 1.32%             | 2024-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    410000 | PA      | $409743.75    | 0.83%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                 | CUSIP: 91282CFQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    570000 | PA      | $568419.14    | 1.16%             | 2024-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2018-C48                   | CUSIP: 95001RAY5<br>LEI: 549300REQJRID6TODX95 | Long             | ABS-MBS          | CORP              | US        |   2586833 | PA      | $109150.90    | 0.22%             | 2052-01-15      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2021-C59                   | CUSIP: 95003CBU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    858576 | PA      | $71328.80     | 0.15%             | 2054-04-15      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| WELLTOWER INC                  | Welltower Inc                                                    | CUSIP: 95040QAG9<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88114.80     | 0.18%             | 2024-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS         | Zimmer Biomet Holdings Inc                                       | CUSIP: 98956PAU6<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88386.46     | 0.18%             | 2024-11-22      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL           | Bank Leumi Le-Israel BM                                          | CUSIP: 06326BAA7<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $177921.00    | 0.36%             | 2031-01-29      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| ADANI INTERNATIONAL CONT       | Adani International Container Terminal Pvt Ltd                   | CUSIP: BN0450864<br>LEI: 335800J4SLERP6S94P28 | Long             | DBT              | CORP              | IN        |    187500 | PA      | $147066.96    | 0.30%             | 2031-02-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PERIAMA HOLDINGS LLC/DE        | Periama Holdings LLC/DE                                          | CUSIP: ZO8974420<br>LEI: 254900NINXO00BLT2Z47 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $187382.00    | 0.38%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK HAPOALIM                  | Bank Hapoalim BM                                                 | CUSIP: BR9645804<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $172948.00    | 0.35%             | 2032-01-21      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20230607                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-466037.36   | -0.95%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20230607                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1462824.77  | -2.97%            |  |  |  | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD         | Sable International Finance Ltd                                  | CUSIP: ZS0018763<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $184850.00    | 0.38%             | 2027-09-07      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS            | Braskem Netherlands Finance BV                                   | CUSIP: BK5896133<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $194109.87    | 0.39%             | 2081-01-23      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV            | Minejesa Capital BV                                              | CUSIP: AO6253790<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $176040.00    | 0.36%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL COM EXT         | Banco Nacional de Comercio Exterior SNC/Cayman Islands           | CUSIP: BQ7269484<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $167586.14    | 0.34%             | 2031-08-11      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| EMPRESA ELECTRICA ANGAMO       | Empresa Electrica Angamos SA                                     | CUSIP: EK6194873<br>LEI: 529900PQ7VWZL30RZ733 | Long             | DBT              | CORP              | CL        |    113000 | PA      | $101177.38    | 0.21%             | 2029-05-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR       | Corp Financiera de Desarrollo SA                                 | CUSIP: EK3774362<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $191859.00    | 0.39%             | 2029-07-15      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA         | VTR Comunicaciones SpA                                           | CUSIP: BK1883408<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |    176000 | PA      | $109583.26    | 0.22%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                            | BXIIESAE INDEX SWAP 121323                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-632442.73   | -1.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BXIIESAE INDEX SWAP 010523                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-29912.87    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BXIIESAE INDEX SWAP 090723                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-547383.24   | -1.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BXIIESAE INDEX SWAP 010523                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-105407.13   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BXIIESAE INDEX SWAP 031523                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-675918.62   | -1.37%            |  |  |  | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT          | Freeport Indonesia PT                                            | CUSIP: BV7716632<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $193000.00    | 0.39%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** DoubleLine Funds Trust

**Signature:** /s/ Henry Chase

**Name of Signer:** DoubleLine Funds Trust

**Title:** Treasurer