DoubleLine Global Bond Fund - Class N (DLGBX) NPORT-P DoubleLine Infrastructure Income Fund (Dec 2023 report)

DoubleLine Infrastructure Income Fund

Schedule of Investments

December 31, 2023 (Unaudited)

Principal Amount $/Shares	Security Description	Rate			Maturity	Value $
Asset Backed Obligations - 36.7%
1,682,108	American Airlines, Inc., Series 2016-3-A		3.25	%	10/15/2028		1,465,218
1,937,884	American Airlines, Inc., Series 2019-1-B		3.85	%	02/15/2028		1,731,003
3,715,234	Blackbird Capital Aircraft Lease Securitization Ltd., Series 2016-1A-B		5.68	% (a)(b)	12/16/2041		3,264,825
2,000,000	Blue Stream Issuer LLC, Series 2023-1A-C		8.90	% (a)	05/20/2053		1,878,213
2,250,000	Cologix Data Centers Issuer LLC, Series 2021-1A-B		3.79	% (a)	12/26/2051		2,000,101
2,000,000	CyrusOne Data Centers Issuer I LLC, Series 2023-1A-A2		4.30	% (a)	04/20/2048		1,831,369
1,458,331	CyrusOne Data Centers Issuer I LLC, Series 2023-1A-B		5.45	% (a)	04/20/2048		1,303,237
6,900,000	DataBank Issuer, Series 2021-1A-A2		2.06	% (a)	02/27/2051		6,251,038
2,100,000	DataBank Issuer, Series 2021-1A-C		4.43	% (a)	02/27/2051		1,720,224
6,000,000	DataBank Issuer, Series 2021-2A-A2		2.40	% (a)	10/25/2051		5,344,038
2,250,000	Diamond Infrastructure Funding LLC, Series 2021-1A-B		2.36	% (a)	04/15/2049		1,972,720
2,028,242	Falcon Aerospace Ltd., Series 2017-1-A		4.58	% (a)	02/15/2042		1,994,772
2,634,125	GAIA Aviation Ltd., Series 2019-1-A		3.97	% (a)(b)	12/15/2044		2,404,882
3,328,319	Goodgreen Trust, Series 2020-1A-A		2.63	% (a)	04/15/2055		2,627,322
3,401,536	GoodLeap Sustainable Home Solutions Trust, Series 2021-3CS-B		2.41	% (a)	05/20/2048		2,401,197
12,125	HERO Funding Trust, Series 2015-2A-A		3.99	% (a)	09/20/2040		11,304
352,473	HERO Funding Trust, Series 2016-3A-A2		3.91	% (a)	09/20/2042		326,297
868,781	HERO Funding Trust, Series 2016-4A-A2		4.29	% (a)	09/20/2047		811,860
3,783,870	Horizon Aircraft Finance Ltd., Series 2019-1-A		3.72	% (a)	07/15/2039		3,353,883
3,492,225	ITE Rail Fund Levered LP, Series 2021-1A-A		2.25	% (a)	02/28/2051		3,068,182
2,238,727	ITE Rail Fund Levered LP, Series 2021-3A-A		2.21	% (a)	06/28/2051		1,988,920
3,287,359	JOL Air Ltd., Series 2019-1-A		3.97	% (a)	04/15/2044		3,035,679
1,305,520	Kestrel Aircraft Funding Ltd., Series 2018-1A-A		4.25	% (a)	12/15/2038		1,163,235
5,120,158	Loanpal Solar Loan Ltd., Series 2020-3GS-A		2.47	% (a)	12/20/2047		3,981,107
1,542,044	Mosaic Solar Loan Trust, Series 2018-1A-A		4.01	% (a)	06/22/2043		1,430,659
2,161,237	Mosaic Solar Loan Trust, Series 2019-2A-B		3.28	% (a)	09/20/2040		1,926,851
2,195,482	Mosaic Solar Loan Trust, Series 2020-1A-A		2.10	% (a)	04/20/2046		1,921,238
3,005,304	Mosaic Solar Loan Trust, Series 2020-2A-B		2.21	% (a)	08/20/2046		2,444,841
3,186,616	Mosaic Solar Loan Trust, Series 2021-3A-B		1.92	% (a)	06/20/2052		2,408,672
2,147,053	Mosaic Solar Loan Trust, Series 2022-1A-B		3.16	% (a)	01/20/2053		1,749,428
64,148	NP SPE LLC, Series 2016-1A-A1		4.16	% (a)	04/20/2046		62,439
1,370,847	NP SPE LLC, Series 2017-1A-A1		3.37	% (a)	10/21/2047		1,305,775
3,978,883	NP SPE LLC, Series 2021-1A-A1		2.23	% (a)	03/19/2051		3,567,696
2,738,910	Purewest Funding LLC, Series 2021-1-A1		4.09	% (a)	12/22/2036		2,631,925
3,704,735	Regional Ltd., Series 2021-1A-A		5.75	%	04/15/2041		3,392,033
2,500,000	Retained Vantage Data Centers Issuer LLC, Series 2023-1A-B		5.75	% (a)	09/15/2048		2,321,145
107,707	Shenton Aircraft Investment Ltd., Series 2015-1A-A		4.75	% (a)	10/15/2042		93,517
4,556,608	Signal Rail LLC, Series 2021-1-A		2.23	% (a)	08/17/2051		3,936,515
913,157	START Ltd., Series 2018-1-A		4.09	% (a)	05/15/2043		831,618
2,474,352	Sunnova Helios Issuer LLC, Series 2018-1A-A		4.87	% (a)	07/20/2048		2,342,313

Principal Amount $/Shares	Security Description	Rate			Maturity	Value $
2,103,470	Sunnova Helios Issuer LLC, Series 2020-AA-A		2.98	% (a)	06/20/2047		1,930,117
3,984,200	Sunnova Helios Issuer LLC, Series 2021-A-A		1.80	% (a)	02/20/2048		3,463,944
2,449,458	Sunnova Helios Issuer LLC, Series 2021-B-B		2.01	% (a)	07/20/2048		2,048,064
7,237,113	Sunnova Helios Sol Issuer LLC, Series 2020-2A-A		2.73	% (a)	11/01/2055		5,893,985
5,378,831	Sunrun Demeter Issuer LLC, Series 2021-2A-A		2.27	% (a)	01/30/2057		4,559,332
1,059,641	Thunderbolt Aircraft Lease Ltd., Series 2017-A-A		4.21	% (a)(b)	05/17/2032		1,009,522
1,187,116	Thunderbolt Aircraft Lease Ltd., Series 2017-A-B		5.75	% (a)(b)	05/17/2032		1,087,149
1,308,736	Thunderbolt Aircraft Lease Ltd., Series 2018-A-A		4.15	% (a)(b)	09/15/2038		1,140,536
2,678,571	Thunderbolt Aircraft Lease Ltd., Series 2018-A-B		5.07	% (a)(b)	09/15/2038		1,826,783
2,858,982	Trinity Rail Leasing LLC, Series 2010-1A-A		5.19	% (a)	10/16/2040		2,787,960
1,337,677	United Airlines, Inc., Series 2016-1-B		3.65	%	01/07/2026		1,249,255
3,888,889	United Airlines, Inc., Series 2016-2-B		3.65	%	10/07/2025		3,824,370
4,783,333	Vantage Data Centers Issuer LLC, Series 2019-1A-A2		3.19	% (a)	07/15/2044		4,695,789
5,000,000	Vault DI Issuer LLC, Series 2021-1A-A2		2.80	% (a)	07/15/2046		4,383,906
4,405,395	Vivint Solar Financing LLC, Series 2018-1A-A		4.73	% (a)	04/30/2048		4,123,764
1,904,127	WAVE Trust, Series 2017-1A-A		3.84	% (a)	11/15/2042		1,611,318
Total Asset Backed Obligations (Cost $150,707,533)							133,933,085
Foreign Corporate Bonds - 10.5%
3,650,000	Adani Ports & Special Economic Zone Ltd.		4.00	% (a)	07/30/2027		3,254,176
5,500,000	APA Infrastructure Ltd.		4.25	% (a)	07/15/2027		5,340,176
2,000,000	Emirates Semb Corporation Water and Power Company PJSC		4.45	% (a)	08/01/2035		1,923,400
2,044,173	Energia Eolica S.A.		6.00	% (c)	08/30/2034		1,998,179
2,532,475	Fermaca Enterprises S. de R.L. de C.V.		6.38	% (a)	03/30/2038		2,445,780
1,379,710	Fermaca Enterprises S. de R.L. de C.V.		6.38	%	03/30/2038		1,332,479
492,760	Interoceanica Finance Ltd.		0.00	% (a)	11/30/2025		460,731
1,133,347	Interoceanica Finance Ltd.		0.00	%	11/30/2025		1,059,679
4,216,000	Sydney Airport Finance Company Pty Ltd.		3.38	% (a)	04/30/2025		4,113,669
2,440,000	Sydney Airport Finance Company Pty Ltd.		3.63	% (a)	04/28/2026		2,363,936
8,299,000	TransCanada PipeLines Ltd.		4.63	%	03/01/2034		7,865,360
500,000	Transelec S.A.		4.25	% (a)	01/14/2025		491,988
6,000,000	Transelec S.A.		3.88	% (a)	01/12/2029		5,614,956
Total Foreign Corporate Bonds (Cost $39,535,149)							38,264,509
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations - 1.8%
3,640,000	Israel Electric Corporation Ltd.		5.00	% (a)	11/12/2024		3,595,459
2,887,558	Lima Metro Finance Ltd.		5.88	% (a)	07/05/2034		2,859,988
155,484	Lima Metro Finance Ltd.		5.88	%	07/05/2034		153,999
Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $6,832,902)							6,609,446
US Corporate Bonds - 45.0%
4,000,000	Ameren Illinois Company		3.85	%	09/01/2032		3,730,696
1,500,000	Ameren Illinois Company		4.95	%	06/01/2033		1,520,134
12,000,000	American Tower Corporation		2.30	%	09/15/2031		9,929,810
11,015,000	AT&T, Inc.		4.30	%	12/15/2042		9,597,695
8,000,000	Crown Castle, Inc.		5.10	%	05/01/2033		7,925,538
10,250,000	Dominion Energy, Inc.		3.38	%	04/01/2030		9,442,751

Principal Amount $/Shares	Security Description	Rate			Maturity	Value $
5,000,000	Duke Energy Florida LLC		5.88	%	11/15/2033		5,392,876
6,655,000	Duquesne Light Holdings, Inc.		3.62	% (a)	08/01/2027		6,225,730
8,000,000	Energy Transfer LP		5.75	%	02/15/2033		8,258,592
6,450,000	Equinix, Inc.		2.15	%	07/15/2030		5,469,510
8,500,000	Eversource Energy		5.13	%	05/15/2033		8,549,932
7,688,000	Exelon Corporation		4.05	%	04/15/2030		7,339,501
2,250,000	FirstEnergy Corporation		2.25	%	09/01/2030		1,897,668
5,750,000	Flex Intermediate Holdco LLC		4.32	% (a)	12/30/2039		4,205,975
2,000,000	Foundry JV Holdco LLC		5.88	% (a)	01/25/2034		2,056,557
7,500,000	ITC Holdings Corporation		5.40	% (a)	06/01/2033		7,680,878
8,000,000	MPLX LP		5.00	%	03/01/2033		7,841,015
8,000,000	NextEra Energy Capital Holdings, Inc.		2.44	%	01/15/2032		6,709,387
9,900,000	NiSource, Inc.		3.60	%	05/01/2030		9,217,611
8,500,000	Ohio Power Company		5.00	%	06/01/2033		8,555,385
5,000,000	Sempra		5.50	%	08/01/2033		5,186,497
10,000,000	Southern Company		3.70	%	04/30/2030		9,426,757
4,500,000	T-Mobile USA, Inc.		3.88	%	04/15/2030		4,268,528
5,000,000	Venture Global Calcasieu Pass LLC		6.25	% (a)	01/15/2030		4,979,546
10,000,000	Verizon Communications, Inc.		3.15	%	03/22/2030		9,143,501
Total US Corporate Bonds (Cost $170,367,740)							164,552,070
US Government and Agency Obligations - 0.8%
2,500,000	United States Treasury Notes		4.75	%	11/15/2053		2,804,101
Total US Government and Agency Obligations (Cost $2,503,313)							2,804,101
Short Term Investments - 3.3%
4,072,627	First American Government Obligations Fund - Class U		5.30	% (d)			4,072,627
4,072,626	JP Morgan U.S. Government Money Market Fund - Institutional Share Class		5.29	% (d)			4,072,626
4,072,626	Morgan Stanley Institutional Liquidity Funds Government Portfolio - Institutional Share Class		5.27	% (d)			4,072,626
Total Short Term Investments (Cost $12,217,879)							12,217,879
Total Investments - 98.1% (Cost $382,164,516)							358,381,090
Other Assets in Excess of Liabilities - 1.9%							7,037,370
NET ASSETS - 100.0%						$	365,418,460

(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.

(b) Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.

(c) Value determined using significant unobservable inputs.

(d) Seven-day yield as of period end

SECURITY TYPE BREAKDOWN as a % of Net Assets:

US Corporate Bonds	45.0%
Asset Backed Obligations	36.7%
Foreign Corporate Bonds	10.5%
Short Term Investments	3.3%
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations	1.8%
US Government and Agency Obligations	0.8%
Other Assets and Liabilities	1.9%
	100.0%

INVESTMENT BREAKDOWN as a % of Net Assets:

Asset Backed Obligations	36.7%
Utilities	23.6%
Energy	14.5%
Telecommunications	11.2%
Transportation	4.1%
Short Term Investments	3.3%
Technology	2.1%
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations	1.8%
US Government and Agency Obligations	0.8%
Other Assets and Liabilities	1.9%
	100.0%

Notes to Schedule of Investments

December 31, 2023 (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 17 funds, the DoubleLine Total Return Bond Fund, DoubleLine Core Fixed Income Fund, DoubleLine Emerging Markets Fixed Income Fund, DoubleLine Low Duration Bond Fund, DoubleLine Floating Rate Fund, DoubleLine Shiller Enhanced CAPE^®, DoubleLine Flexible Income Fund, DoubleLine Low Duration Emerging Markets Fixed Income 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^®, DoubleLine Emerging Markets Local Currency Bond Fund, DoubleLine Income Fund and DoubleLine Multi-Asset Trend Fund (each, a “Fund” and, collectively, the “Funds”), along with DoubleLine Selective Credit Fund.

Each Fund is classified as a diversified fund under the 1940 Act, except the DoubleLine Global Bond Fund and 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
Fund Name	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 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®	Seek total return which exceeds the total return of its benchmark index over a full market cycle		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®	Seek total return which exceeds the total return of its benchmark index over a full market cycle		12/23/2016		12/23/2016		—		—
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 principally in income-producing securities		9/3/2019		9/3/2019		—		—
DoubleLine Multi-Asset Trend Fund (Consolidated)	Seek total return (capital appreciation and current income) which exceeds the total return of its benchmark index over a full 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)

Valuations for domestic and foreign fixed income securities are normally determined on the basis of evaluations provided by independent pricing services. Vendors typically value such securities based on one or more inputs described in the following table which is not intended to be a complete list. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed income securities in which the Funds are authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income securities. Securities that use similar valuation techniques and inputs as described in the following table are categorized as Level 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 valuations obtained from counterparties, published index closing levels or evaluated prices supplied by independent pricing services, some or all of which may be based on market data from trading on exchanges that closed significantly before the time as of which a Fund calculates its NAV. Forward foreign currency contracts are generally valued based on rates provided by independent data providers. Exchange traded futures and options on futures are generally valued at the settlement price determined by the relevant exchange on which they principally trade, and exchange traded options are generally valued at the last trade price on the exchange on which they principally trade. A Fund does not normally take into account trading, clearances or settlements that take place after the close of the principal exchange or market on which such securities are traded. Depending on the instrument and the terms of the transaction, the value of the derivative instruments can be estimated by a pricing service provider using a series of techniques, such as simulation pricing models. The pricing models use issuer details and other inputs that are observed from actively quoted markets such as indices, spreads, interest rates, curves, dividends and exchange rates. Derivatives that use similar valuation techniques and inputs as described above are normally categorized as Level 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 the 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, 2023:

Category	DoubleLine Total Return Bond Fund		DoubleLine Core Fixed Income Fund		DoubleLine Emerging Markets Fixed Income Fund		DoubleLine Low Duration Bond Fund		DoubleLine Floating Rate Fund		DoubleLine Shiller Enhanced CAPE®
Investments in Securities
Level 1
Short Term Investments	$	385,668,763	$	1,179,050,516	$	995,549	$	101,279,049	$	12,888,281	$	155,671,242
Affiliated Mutual Funds		—		450,698,184		—		—		—		—
Warrants		—		7,919		—		—		—		—
Total Level 1		385,668,763		1,629,756,619		995,549		101,279,049		12,888,281		155,671,242
Level 2
US Government and Agency Mortgage Backed Obligations		15,915,342,077		1,463,020,669		—		168,518,137		—		98,729,518
Non-Agency Residential Collateralized Mortgage Obligations		8,145,756,691		779,206,918		—		736,763,147		—		437,160,115
Non-Agency Commercial Mortgage Backed Obligations		2,240,264,590		363,165,349		—		759,303,806		—		421,772,772
US Government and Agency Obligations		1,968,200,082		1,554,827,501		—		1,262,036,593		—		871,365,002
Asset Backed Obligations		1,352,938,110		247,636,720		—		382,134,595		—		284,417,546
Collateralized Loan Obligations		1,020,039,072		260,583,256		—		889,265,171		2,002,441		647,956,913
US Corporate Bonds		—		1,047,935,433		—		388,203,198		4,841,988		264,572,313
Foreign Corporate Bonds		—		390,467,457		342,786,967		461,381,293		—		208,113,759
Bank Loans		—		220,824,544		—		191,072,088		154,456,072		198,665,208
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations		—		72,774,006		84,076,962		111,108,599		—		33,066,453
Municipal Bonds		—		5,604,279		—		—		—		—
Escrow Notes		—		6,365		—		—		—		—
Short Term Investments		—		—		—		82,390,981		—		205,583,485
Total Level 2		30,642,540,622		6,406,052,497		426,863,929		5,432,177,608		161,300,501		3,671,403,084
Level 3
Non-Agency Residential Collateralized Mortgage Obligations		249,219,181		703,045		—		385,461		—		9,993,174
Asset Backed Obligations		25,453,209		796,549		—		25,170,000		—		—
Collateralized Loan Obligations		494,317		2,392,583		—		—		—		—
Common Stocks		—		798,577		—		—		219,943		70,553
Bank Loans		—		485,048		—		—		388,418		—
Foreign Corporate Bonds		—		298,849		530,111		258,464		—		112,981
Non-Agency Commercial Mortgage Backed Obligations		—		—		—		—		—		6,752,087
Total Level 3		275,166,707		5,474,651		530,111		25,813,925		608,361		16,928,795
Total	$	31,303,376,092	$	8,041,283,767	$	428,389,589	$	5,559,270,582	$	174,797,143	$	3,844,003,121

Category	DoubleLine Total Return Bond Fund		DoubleLine Core Fixed Income Fund		DoubleLine Emerging Markets Fixed Income Fund		DoubleLine Low Duration Bond Fund		DoubleLine Floating Rate Fund		DoubleLine Shiller Enhanced CAPE®
Other Financial Instruments
Level 1
Futures Contracts	$	153,451,427	$	20,351,282	$	—	$	—	$	—	$	—
Total Level 1		153,451,427		20,351,282		—		—		—		—
Level 2
Excess Return Swaps		—		—		—		—		—		380,812,045
Unfunded Loan Commitments		—		390		—		—		284		—
Total Level 2		—		390		—		—		284		380,812,045
Level 3		—		—		—		—		—		—
Total	$	153,451,427	$	20,351,672	$	—	$	—	$	284	$	380,812,045
Category	DoubleLine Flexible Income Fund		DoubleLine Low Duration Emerging Markets Fixed Income Fund		DoubleLine Long Duration Total Return Bond Fund		DoubleLine Strategic Commodity Fund (Consolidated)		DoubleLine Global Bond Fund		DoubleLine Infrastructure Income Fund
Investments in Securities
Level 1
Short Term Investments	$	38,090,868	$	329	$	985,533	$	3,541,362	$	2,930,838	$	12,217,879
Warrants		892		—		—		—		—		—
Total Level 1		38,091,760		329		985,533		3,541,362		2,930,838		12,217,879
Level 2
Collateralized Loan Obligations		164,948,467		—		—		—		—		—
Non-Agency Residential Collateralized Mortgage Obligations		150,421,676		—		—		—		—		—
Short Term Investments		137,575,582		—		—		144,694,914		1,687,374		—
Non-Agency Commercial Mortgage Backed Obligations		80,655,402		—		—		—		—		—
Bank Loans		79,224,330		—		—		—		—		—
US Government and Agency Mortgage Backed Obligations		75,840,061		—		45,942,139		—		—		—
Foreign Corporate Bonds		44,378,175		133,787,008		—		—		—		36,266,330
Asset Backed Obligations		36,252,779		—		—		—		—		133,933,085
US Corporate Bonds		34,302,178		—		—		—		—		164,552,070
US Government and Agency Obligations		9,802,344		—		10,963,629		—		55,206,433		2,804,101
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations		9,607,664		28,608,701		—		—		85,843,380		6,609,446
Escrow Notes		1,502		—		—		—		—		—
Total Level 2		823,010,160		162,395,709		56,905,768		144,694,914		142,737,187		344,165,032
Level 3
Non-Agency Residential Collateralized Mortgage Obligations		6,886,565		—		—		—		—		—
Collateralized Loan Obligations		4,550,525		—		—		—		—		—
Asset Backed Obligations		4,098,145		—		—		—		—		—
Non-Agency Commercial Mortgage Backed Obligations		2,113,379		—		—		—		—		—

Category	DoubleLine Flexible Income Fund		DoubleLine Low Duration Emerging Markets Fixed Income Fund		DoubleLine Long Duration Total Return Bond Fund		DoubleLine Strategic Commodity Fund (Consolidated)			DoubleLine Global Bond Fund		DoubleLine Infrastructure Income Fund
Common Stocks	$	188,616	$	—	$	—	$	—		$	—	$	—
Bank Loans		106,058		—		—		—			—		—
Foreign Corporate Bonds		77,112		76,017		—		—			—		1,998,179
Total Level 3		18,020,400		76,017		—		—			—		1,998,179
Total	$	879,122,320	$	162,472,055	$	57,891,301	$	148,236,276		$	145,668,025	$	358,381,090
Other Financial Instruments
Level 1
Futures Contracts	$	—	$	—	$	963,102	$	—		$	—	$	—
Total Level 1		—		—		963,102		—			—		—
Level 2
Excess Return Swaps		—		—		—		(4,552,381	)		—		—
Unfunded Loan Commitments		100		—		—		—			—		—
Total Level 2		100		—		—		(4,552,381	)		—		—
Level 3		—		—		—		—			—		—
Total	$	100	$	—	$	963,102	$	(4,552,381	)	$	—	$	—
Category	DoubleLine Shiller Enhanced International CAPE®		Doubleline Emerging Markets Local Currency Bond Fund		Doubleline Income Fund		DoubleLine Multi-Asset Trend Fund (Consolidated)
Investments in Securities
Level 1
Affiliated Mutual Funds	$	2,344,868	$	—	$	—	$	9,887,338
Short Term Investments		1,418,436		257,083		9,018,671		343,149
Total Level 1		3,763,304		257,083		9,018,671		10,230,487
Level 2
US Government and Agency Obligations		11,864,823		—		1,762,344		851,517
Collateralized Loan Obligations		8,718,300		—		10,864,798		—
Non-Agency Residential Collateralized Mortgage Obligations		6,116,518		—		12,008,555		—
Non-Agency Commercial Mortgage Backed Obligations		5,534,474		—		7,450,659		—
US Corporate Bonds		3,182,611		—		—		—
Foreign Corporate Bonds		2,508,511		2,793,463		—		—
Asset Backed Obligations		1,528,261		—		1,754,990		—
US Government and Agency Mortgage Backed Obligations		1,456,824		—		3,375,621		—
Short Term Investments		745,442		—		—		1,393,799
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations		352,157		9,805,861		—		—
Total Level 2		42,007,921		12,599,324		37,216,967		2,245,316

Category	DoubleLine Shiller Enhanced International CAPE®		Doubleline Emerging Markets Local Currency Bond Fund		Doubleline Income Fund		DoubleLine Multi-Asset Trend Fund (Consolidated)
Level 3
Asset Backed Obligations	$	—	$	—	$	1,369,835	$	—
Total Level 3		—		—		1,369,835		—
Total	$	45,771,225	$	12,856,407	$	47,605,473	$	12,475,803
Other Financial Instruments
Level 1	$	—	$	—	$	—	$	—
Level 2
Excess Return Swaps		1,789,804		—		—		(518,728	)
Forward Currency Exchange Contracts		1,061,551		—		—		—
Total Level 2		2,851,355		—		—		(518,728	)
Level 3		—		—		—		—
Total	$	2,851,355	$	—	$	—	$	(518,728	)

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

DoubleLine Flexible Income Fund	Fair Value as of March 31, 2023		Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)(c)			Net Accretion (Amortization)		Purchases(a)		Sales(b)			Transfers Into Level 3(d)		Transfers Out of Level 3(d)		Fair Value as of December 31, 2023		Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2023(c)
Investments in Securities
Non-Agency Residential Collateralized Mortgage Obligations	$	7,119,685	$	19,905		$	(62,566	)	$	50,361	$	—	$	(240,820	)	$	—	$	—	$	6,886,565	$	(61,405	)
Collateralized Loan Obligations		1,520,905		—			142,401			541		17,577		—			2,869,101		—		4,550,525		155,719
Asset Backed Obligations		8,405,530		(883,975	)		(3,303,157	)		—		503,992		(624,245	)		—		—		4,098,145		(3,546,951	)
Non-Agency Commercial Mortgage Backed Obligations		983,389		2,068			66,025			5,618		—		(90,852	)		1,147,131		—		2,113,379		46,204
Common Stocks		290,300		(32,896	)		79,678			—		36,045		(184,511	)		—		—		188,616		(15,115	)
Bank Loans		107,055		291			(3,898	)		3,606		—		(996	)		—		—		106,058		(3,585	)
Foreign Corporate Bonds		—		—			—			—		77,112		—			—		—		77,112		—
Rights		6,138		6,966			(6,138	)		—		—		(6,966	)		—		—		—		—
Total	$	18,433,002	$	(887,641	)	$	(3,087,655	)	$	60,126	$	634,726	$	(1,148,390	)	$	4,093,344	$	—	$	18,020,400	$	(3,425,133	)

DoubleLine Income Fund	Fair Value as of March 31, 2023		Net Realized Gain (Loss)			Net Change in Unrealized Appreciation (Depreciation)(c)		Net Accretion (Amortization)			Purchases(a)		Sales(b)			Transfers Into Level 3(d)		Transfers Out of Level 3(d)		Fair Value as of December 31, 2023		Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2023(c)
Investments in Securities
Asset Backed Obligations	$	4,079,163	$	(2,167,955	)	$	1,822,437	$	(251	)	$	156,580	$	(2,520,139	)	$	—	$	—	$	1,369,835	$	(497,680	)

^(a)  Purchases include all purchases of securities, payups and corporate actions.

^(b) Sales include all sales of securities, maturities, and paydowns.

^(c)  Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2023 may be due to a security that was not held or categorized as Level 3 at either period end.

^(d)  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 Fund	Fair Value as of December 31, 2023		Valuation Techniques	Unobservable Input	Unobservable Input Values (Weighted Average)(e)		Impact to valuation from an increase to input
Non-Agency Residential Collateralized Mortgage Obligations	$	6,886,565	Market Comparables	Market Quotes		$91.74 ($91.74)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Collateralized Loan Obligations	$	4,550,525	Market Comparables	Market Quotes		$22.92 - $90.18 ($84.54)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Asset Backed Obligations	$	4,098,145	Market Comparables	Market Quotes		$9.32 - $86.29 ($58.55)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Non-Agency Commercial Mortgage Backed Obligations	$	2,113,379	Market Comparables	Market Quotes		$10.52 - $80.07 ($55.75)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Common Stocks	$	188,616	Market Comparables	Market Quotes		$0.65 - $28.75 ($18.91)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Bank Loans	$	106,058	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
Foreign Corporate Bonds	$	77,112	Market Comparables	Market Quotes		$0.00 - $91.64 ($74.26)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
DoubleLine Income Fund	Fair Value as of December 31, 2023		Valuation Techniques	Unobservable Input	Unobservable Input Values (Weighted Average)(e)		Impact to valuation from an increase to input
Asset Backed Obligations	$	1,369,835	Market Comparables	Market Quotes		$13.75 - $4,800.90 ($1,636.13)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security

^(e)  Unobservable inputs were weighted by the relative fair value of the instruments.