DoubleLine Income Solutions Fund (DSL) NPORT-P DoubleLine Income Solutions Fund (Dec 2019 report)

DoubleLine Income Solutions Fund

Schedule of Investments

December 31, 2019 (Unaudited)

Principal Amount $/Shares	Security Description	Rate			Maturity	Value $
Asset Backed Obligations - 1.2%
2,440,500	AASET Ltd., Series2019-2-C		6.41%	^	10/16/2039		2,439,048
370,561	Castlelake Aircraft Securitization Trust, Series2018-1-C		6.63%	^	06/15/2043		372,239
1,356,407	Castlelake Aircraft Securitization Trust, Series2019-1A-C		6.90%	^	04/15/2039		1,368,691
4,370,019	GAIA Aviation Ltd., Series2019-1-C		7.00%	^§	12/15/2044		4,362,358
4,261,377	Harley Marine Financing LLC, Series2018-1A-A2		5.68%	^	05/15/2043		3,807,890
871,134	Horizon Aircraft Finance Ltd., Series2018-1-C		6.66%	^	12/15/2038		875,285
50,000	SoFi Consumer Loan Program LLC, Series2018-A-R1		0.00%	^@	02/25/2042		3,731,643
14,827	SoFi Consumer Loan Program LLC, Series2018-A-R2		0.00%	^@	02/25/2042		1,106,582
3,952,000	Start Ltd., Series2019-2-C		6.66%	^	11/15/2044		3,950,222
2,000,000	Tesla Auto Lease Trust, Series2019-A-E		5.48%	^	05/22/2023		2,008,574
Total Asset Backed Obligations(Cost $24,303,081)							24,022,532
Bank Loans - 10.7%
751,225	Achilles Acquisition LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.00%)		5.81%		10/13/2025		760,146
158,000	Acrisure LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 3.75%, 1.00% Floor)		5.69%		11/22/2023		158,461
745,951	Acrisure LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.25%, 1.00% Floor)		6.19%		11/22/2023		749,215
747,661	Alera Group Intermediate Holdings, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.50%)		6.30%		08/01/2025		752,334
1,876,425	Aleris International, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.75%)		6.55%		02/27/2023		1,881,116
3,000,000	Almonde, Inc., Senior Secured Second Lien Term Loan (6 Month LIBOR USD + 7.25%, 1.00% Floor)		9.45%		06/16/2025		2,943,225
6,497,471	American Tire Distributors, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 7.50%, 1.00% Floor, 8.00% PIK)		9.30%		09/02/2024		5,831,480
4,653,195	Applied Systems, Inc., Senior Secured Second Lien Term Loan (3 Month LIBOR USD + 7.00%, 1.00% Floor)		8.91%		09/19/2025		4,755,961
6,330,000	Asurion LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.50%)		8.30%		08/04/2025		6,422,576
3,114,350	Athenahealth, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.50%)		6.40%		02/11/2026		3,135,107
1,791,464	Auris Luxembourg III Sarl, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.75%)		5.55%		02/27/2026		1,803,413
1,341,313	Bass Pro Group LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 5.00%, 0.75% Floor)		6.80%		09/25/2024		1,339,918
2,440,000	BellRing Brands LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 5.00%, 1.00% Floor)		6.80%		10/21/2024		2,472,037
6,899,937	BI-LO LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 8.00%, 1.00% Floor)		9.89%		05/31/2024		6,396,828
4,000,000	Boxer Parent Company, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.25%)		6.05%		10/02/2025		3,964,100
2,505,073	Brookfield WEC Holdings, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.75%, 0.75% Floor)		5.30%		08/01/2025		2,526,203
3,467,884	Capital Automotive L.P., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.00%, 1.00% Floor)		7.91%		03/24/2025		3,489,558
1,831,813	Covia Holdings Corporation, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.00%, 1.00% Floor)		6.04%		06/02/2025		1,422,091
2,000,000	CSM Bakery Solutions LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.00%, 1.00% Floor)		6.03%		07/03/2020		1,945,000
2,900,000	CSM Bakery Solutions LLC, Senior Secured Second Lien Term Loan (3 Month LIBOR USD + 7.75%, 1.00% Floor)		9.66%		05/23/2021		2,772,400
4,995,000	Cyxtera DC Holdings, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.25%, 1.00% Floor)		8.99%		05/01/2025		3,102,444
373,951	Dynasty Acquisition Company, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.00%)		5.94%		04/06/2026		377,017
201,049	Dynasty Acquisition Company, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.00%)		5.94%		04/06/2026		202,698
1,516,900	EnergySolutions LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 3.75%, 1.00% Floor)		5.69%		05/09/2025		1,437,741
1,250,000	Excelitas Technologies Corporation, Senior Secured Second Lien Term Loan (6 Month LIBOR USD + 7.50%, 1.00% Floor)		9.41%		12/01/2025		1,212,500
725,428	Explorer Holdings, Inc., Senior Secured First Lien Term Loan (2 Month LIBOR USD + 3.75%, 1.00% Floor)		5.60%		05/02/2023		732,682
2,984,850	Financial & Risk US Holdings, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.75%)		5.05%		10/01/2025		3,013,952
6,435,000	Flexential Intermediate Corporation, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 3.50%)		5.44%		08/01/2024		5,383,553
9,271,109	Foresight Energy LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 5.75%, 1.00% Floor)		7.66%	W	03/28/2022		4,112,386
4,066,129	Gavilan Resources LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.00%, 1.00% Floor)		7.80%		03/01/2024		1,626,451
1,569,150	Getty Images, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.50%)		6.31%		02/19/2026		1,576,015
3,970,000	Granite Holdings Acquisition Company, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 5.25%)		7.21%		09/30/2026		3,989,850
9,350,221	Gulf Finance LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 5.25%, 1.00% Floor)		7.20%		08/25/2023		7,364,140
2,920,000	Houston Foods, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.75%)		5.55%		07/21/2025		2,847,000
7,700,000	Hyland Software, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.00%, 0.75% Floor)		8.80%		07/07/2025		7,820,313
2,055,000	Inmarsat PLC, Senior Secured First Lien Term Loan		6.41%	±	12/12/2026		2,070,248
4,428,435	Jo-Ann Stores LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 5.00%, 1.00% Floor)		6.93%		10/20/2023		3,113,765
1,832,100	Keane Group Holdings LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.75%, 1.00% Floor)		5.56%		05/26/2025		1,767,977
2,231,750	Kindred Healthcare, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 5.00%)		6.81%		07/02/2025		2,251,278
2,493,622	Klockner-Pentaplast of America, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.25%, 1.00% Floor)		6.18%		06/30/2022		2,254,858
4,500,000	Kronos, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 8.25%)		10.16%		11/01/2024		4,606,875
5,745,000	Longview Power LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 6.00%)		7.91%		04/13/2021		3,177,703
3,208,750	LSF9 Atlantis Holdings LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 6.00%, 1.00% Floor)		7.74%		05/01/2023		2,972,105
1,553,939	McDermott International, Inc., Senior Secured First Lien Delayed-Draw Term Loan (1 Month LIBOR USD + 10.00%, 1.00% Floor)		11.69%	W	10/21/2021		1,590,845
4,066,881	McDermott International, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 5.00%, 1.00% Floor)		6.94%	W	05/12/2025		2,415,727
3,945,175	Millennium Trust Company LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 5.00%)		6.80%		03/27/2026		3,895,860
1,791,000	Mirion Technologies, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.00%)		6.10%		03/06/2026		1,808,910
5,333,333	Mitchell International, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.25%)		9.05%		12/01/2025		5,133,333
1,732,313	MLN US HoldCo LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.50%)		6.19%		11/28/2025		1,644,250
2,920,000	MLN US HoldCo LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 8.75%)		10.44%		11/30/2026		2,238,662
3,020,781	Monitronics International, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 6.50%, 1.25% Floor)		8.30%		03/29/2024		2,578,992
905,000	NEP Group, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.00%)		8.80%		10/19/2026		821,288
1,732,500	Numericable U.S. LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.00%)		5.74%		08/14/2026		1,739,179
3,845,000	Pearl Intermediate Parent LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.25%)		8.05%		02/13/2026		3,806,569
640,000	Pelican Products, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.75%)		9.66%		05/01/2026		612,800
575,650	Polar US Borrower LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.75%)		6.69%		10/15/2025		574,211
2,000,000	PowerTeam Services LLC, Senior Secured Second Lien Term Loan (3 Month LIBOR USD + 7.25%, 1.00% Floor)		9.19%		03/06/2026		1,440,000
2,330,250	Prairie ECI Acquiror LP, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.75%)		6.69%		03/11/2026		2,318,599
1,771,579	Radiology Partners, Inc., Senior Secured First Lien Term Loan (6 Month LIBOR USD + 4.75%, 1.00% Floor)		6.71%		07/09/2025		1,783,395
3,788,763	RentPath, Inc., Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.75%, 1.00% Floor)		6.66%	W	12/17/2021		2,109,659
2,395,000	Restaurant Technologies, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.50%)		8.30%		10/01/2026		2,389,013
2,806,460	Solenis International LP, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.00%)		5.91%		06/26/2025		2,784,008
1,275,000	Solenis International LP, Senior Secured Second Lien Term Loan (3 Month LIBOR USD + 8.50%)		10.41%		06/26/2026		1,166,625
740,101	Solera LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 2.75%)		4.55%		03/03/2023		742,473
1,680,000	Sotera Health Holdings LLC, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 4.50%, 1.00% Floor)		6.29%		12/11/2026		1,688,929
3,771,145	Sound Inpatient Physicians, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.75%)		8.55%		06/26/2026		3,808,856
3,125,000	Southern Graphics, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.50%)		9.41%		12/08/2023		862,500
2,314,238	Summit Midstream Partners Holdings LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 6.00%, 1.00% Floor)		7.80%		05/13/2022		2,198,527
871,827	Syncreon Group Holdings B.V., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 5.00%)		6.80%		10/01/2024		838,410
1,555,608	Syncreon Group Holdings B.V., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 6.00%)		7.80%		04/01/2025		1,341,712
4,210,000	The Dun & Bradstreet Corporation, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 5.00%)		6.79%		02/06/2026		4,252,100
2,233,125	The Edelman Financial Center LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.25%)		5.04%		07/21/2025		2,249,639
900,000	The Edelman Financial Center LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.75%)		8.54%		07/20/2026		901,125
3,819,235	TKC Holdings, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 8.00%, 1.00% Floor)		9.80%		02/01/2024		3,475,504
1,175,125	Travel Leaders Group LLC, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.00%)		5.79%		01/25/2024		1,182,470
1,140,000	Travelport Finance SARL, Senior Secured First Lien Term Loan (3 Month LIBOR USD + 5.00%)		6.94%		05/29/2026		1,069,320
982,525	United Natural Foods, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.25%)		6.05%		10/22/2025		844,358
4,000,000	Vantage Specialty Chemicals, Inc., Senior Secured Second Lien Term Loan (3 Month LIBOR USD + 8.25%, 0.75% Floor)		10.16%		10/27/2025		3,490,000
2,593,800	Verscend Holding Corporation, Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.50%)		6.30%		08/27/2025		2,617,572
1,132,163	Wand NewCo 3, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 3.50%)		5.30%		02/05/2026		1,143,133
1,650,859	WASH Multifamily Laundry Systems LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.00%)		8.91%		05/15/2023		1,576,570
289,141	WASH Multifamily Laundry Systems LLC, Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.00%)		8.91%		05/15/2023		276,130
2,992,500	WaterBridge Midstream Operating LLC, Senior Secured First Lien Term Loan (6 Month LIBOR USD + 5.75%, 1.00% Floor)		7.83%		06/22/2026		2,951,353
4,350,606	Web.Com Group, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 7.75%)		9.49%		10/09/2026		4,199,706
1,381,050	WeddingWire, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.50%)		6.20%		12/19/2025		1,389,682
2,725,000	WeddingWire, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 8.25%)		10.05%		12/21/2026		2,697,750
1,340,000	Wink Holdco, Inc., Senior Secured Second Lien Term Loan (1 Month LIBOR USD + 6.75%)		8.66%		12/01/2025		1,346,700
1,380,000	Zelis Cost Management Buyer, Inc., Senior Secured First Lien Term Loan (1 Month LIBOR USD + 4.75%)		6.55%		09/30/2026		1,389,350
Total Bank Loans(Cost $236,499,409)							213,920,514
Collateralized Loan Obligations - 11.8%
2,000,000	Adams Mill Ltd., Series2014-1A-D2 (3 Month LIBOR USD + 4.25%)		6.25%	^	07/15/2026		2,002,014
6,000,000	Adams Mill Ltd., Series2014-1A-E2 (3 Month LIBOR USD + 6.25%)		8.25%	^	07/15/2026		6,001,789
2,000,000	Apidos Ltd., Series2015-21A-ER (3 Month LIBOR USD + 8.25%, 8.25% Floor)		10.25%	^	07/18/2027		1,814,518
3,000,000	Apidos Ltd., Series2016-24A-DR (3 Month LIBOR USD + 5.80%)		7.77%	^	10/20/2030		2,896,975
2,500,000	Atrium XV, Series15A-E (3 Month LIBOR USD + 5.85%, 5.85% Floor)		7.78%	^	01/23/2031		2,404,688
2,250,000	Babson Ltd., Series2015-2A-ER (3 Month LIBOR USD + 6.45%)		8.42%	^	10/20/2030		2,238,328
1,500,000	Barings Ltd., Series2018-4A-E (3 Month LIBOR USD + 5.82%, 5.82% Floor)		7.82%	^	10/15/2030		1,437,117
5,000,000	Barings Ltd., Series2019-2A-D (3 Month LIBOR USD + 6.69%, 6.69% Floor)		8.69%	^	04/15/2031		5,011,494
2,500,000	BlueMountain Ltd., Series2015-2A-F (3 Month LIBOR USD + 6.80%, 6.80% Floor)		8.80%	^	07/18/2027		2,105,108
5,000,000	Bristol Park Ltd., Series2016-1A-E (3 Month LIBOR USD + 7.25%)		9.25%	^	04/15/2029		5,006,140
6,500,000	Buttermilk Park Ltd., Series2018-1A-E (3 Month LIBOR USD + 5.75%, 5.75% Floor)		7.75%	^	10/15/2031		6,257,522
8,050,000	Canyon Capital Ltd., Series2015-1A-ER (3 Month LIBOR USD + 6.85%)		8.85%	^	04/15/2029		8,055,458
2,500,000	Canyon Capital Ltd., Series2016-1A-ER (3 Month LIBOR USD + 5.75%)		7.75%	^	07/15/2031		2,299,189
6,650,000	Canyon Capital Ltd., Series2017-1A-E (3 Month LIBOR USD + 6.25%)		8.25%	^	07/15/2030		6,503,834
2,500,000	Canyon Capital Ltd., Series2018-1A-E (3 Month LIBOR USD + 5.75%, 5.75% Floor)		7.75%	^	07/15/2031		2,367,064
2,000,000	Carlyle Global Market Strategies Ltd., Series2013-3A-DR (3 Month LIBOR USD + 5.50%)		7.50%	^	10/15/2030		1,774,359
3,000,000	Carlyle Global Market Strategies Ltd., Series2019-1A-D (3 Month LIBOR USD + 6.70%, 6.70% Floor)		8.67%	^	04/20/2031		2,973,466
1,500,000	Chenango Park Ltd., Series2018-1A-D (3 Month LIBOR USD + 5.80%, 5.80% Floor)		7.80%	^	04/15/2030		1,455,747
2,500,000	Dryden Ltd., Series2018-55A-F (3 Month LIBOR USD + 7.20%)		9.20%	^	04/15/2031		2,091,228
3,250,000	Dryden Ltd., Series2019-68A-E (3 Month LIBOR USD + 6.75%)		8.75%	^	07/15/2032		3,253,832
3,000,000	Dryden Senior Loan Fund, Series2015-37A-ER (3 Month LIBOR USD + 5.15%, 5.15% Floor)		7.15%	^	01/15/2031		2,705,419
1,250,000	Galaxy Ltd., Series2017-24A-E (3 Month LIBOR USD + 5.50%)		7.50%	^	01/15/2031		1,154,105
2,500,000	Gilbert Park Ltd., Series2017-1A-E (3 Month LIBOR USD + 6.40%)		8.40%	^	10/15/2030		2,518,667
1,000,000	Halcyon Loan Advisors Funding Ltd., Series2014-2A-D (3 Month LIBOR USD + 5.00%)		6.94%	^Þ	04/28/2025		848,151
1,041,725	Halcyon Loan Advisors Funding Ltd., Series2014-2A-E (3 Month LIBOR USD + 5.75%)		7.69%	^Þ	04/28/2025		726,650
1,000,000	HPS Loan Management Ltd., Series15A-19-E (3 Month LIBOR USD + 6.60%, 6.60% Floor)		8.77%	^	07/22/2032		994,951
3,500,000	LCM LP, Series14A-FR (3 Month LIBOR USD + 7.61%)		9.58%	^	07/20/2031		2,583,684
5,000,000	LCM LP, Series17A-ER (3 Month LIBOR USD + 6.00%, 6.00% Floor)		8.00%	^	10/15/2031		4,361,101
7,000,000	LCM LP, Series19A-E1 (3 Month LIBOR USD + 6.45%, 6.45% Floor)		8.45%	^	07/15/2027		6,887,102
6,500,000	LCM LP, Series26A-E (3 Month LIBOR USD + 5.30%, 5.30% Floor)		7.27%	^	01/20/2031		5,883,852
2,000,000	LCM LP, Series28A-E (3 Month LIBOR USD + 5.75%, 5.75% Floor)		7.72%	^	10/20/2030		1,901,293
11,000,000	Madison Park Funding Ltd., Series2014-14A-ER (3 Month LIBOR USD + 5.80%, 5.80% Floor)		7.75%	^	10/22/2030		10,335,511
7,100,000	Madison Park Funding Ltd., Series2015-18A-ER (3 Month LIBOR USD + 6.35%)		8.32%	^	10/21/2030		7,051,403
1,500,000	Madison Park Funding Ltd., Series2016-22A-E (3 Month LIBOR USD + 6.65%)		8.59%	^	10/25/2029		1,500,860
3,000,000	Madison Park Funding Ltd., Series2017-25A-D (3 Month LIBOR USD + 6.10%)		8.04%	^	04/25/2029		2,992,108
2,000,000	Madison Park Funding Ltd., Series2019-34A-E (3 Month LIBOR USD + 6.75%, 6.75% Floor)		8.69%	^	04/25/2031		2,001,896
2,000,000	Madison Park Funding Ltd., Series2019-37A-E (3 Month LIBOR USD + 6.55%)		8.85%	^	07/15/2032		2,004,415
10,000,000	Magnetite Ltd., Series2012-7A-DR2 (3 Month LIBOR USD + 4.50%)		6.50%	^	01/15/2028		9,392,154
7,500,000	Magnetite Ltd., Series2015-16A-ER (3 Month LIBOR USD + 5.00%)		7.00%	^	01/18/2028		7,376,492
3,250,000	Magnetite Ltd., Series2019-22A-E (3 Month LIBOR USD + 6.75%, 6.75% Floor)		8.75%	^	04/15/2031		3,256,441
2,000,000	Neuberger Berman Loan Advisers Ltd., Series2017-16SA-E (3 Month LIBOR USD + 5.40%)		7.40%	^	01/15/2028		1,974,239
1,000,000	Neuberger Berman Loan Advisers Ltd., Series2019-31A-E (3 Month LIBOR USD + 6.75%, 6.75% Floor)		8.72%	^	04/20/2031		1,002,416
1,750,000	Neuberger Berman Loan Advisers Ltd., Series2019-32A-E (3 Month LIBOR USD + 6.70%, 6.70% Floor)		8.67%	^	01/19/2032		1,753,149
2,250,000	Neuberger Berman Loan Advisers Ltd., Series2019-33A-E (3 Month LIBOR USD + 6.80%, 0.00% Floor)		8.94%	^	10/16/2032		2,259,636
3,000,000	Newark BSL Ltd., Series2016-1A-D (3 Month LIBOR USD + 6.75%)		8.69%	^	12/21/2029		3,001,252
2,000,000	Newark BSL Ltd., Series2017-1A-D (3 Month LIBOR USD + 6.30%)		8.24%	^	07/25/2030		2,000,847
3,675,000	Niagara Park Ltd., Series2019-1A-E (3 Month LIBOR USD + 6.45%, 6.45% Floor)		8.45%	^	07/17/2032		3,690,041
5,000,000	Octagon Investment Partners Ltd., Series2012-1A-DR (3 Month LIBOR USD + 7.15%)		9.15%	^	07/15/2029		4,993,758
8,250,000	Octagon Investment Partners Ltd., Series2013-1A-ER (3 Month LIBOR USD + 5.75%, 5.75% Floor)		7.75%	^	07/17/2030		7,533,227
5,460,000	Octagon Investment Partners Ltd., Series2013-1A-ER (3 Month LIBOR USD + 7.00%)		8.97%	^	07/19/2030		5,467,404
2,000,000	Octagon Investment Partners Ltd., Series2014-1A-DRR (3 Month LIBOR USD + 7.00%, 7.00% Floor)		8.91%	^	02/14/2031		1,990,544
2,000,000	Octagon Investment Partners Ltd., Series2016-1A-FR (3 Month LIBOR USD + 8.09%, 8.09% Floor)		10.09%	^	07/15/2030		1,738,368
4,000,000	Octagon Investment Partners Ltd., Series2017-1A-D (3 Month LIBOR USD + 6.20%)		8.17%	^	03/17/2030		3,952,710
3,000,000	Octagon Investment Partners Ltd., Series2019-1A-E (3 Month LIBOR USD + 6.60%, 6.60% Floor)		8.69%	^	10/25/2032		3,008,132
1,000,000	Octagon Investment Partners Ltd., Series2019-1A-E (3 Month LIBOR USD + 7.69%, 7.69% Floor)		9.52%	^	10/15/2032		1,006,673
7,500,000	Stewart Park Ltd., Series2015-1A-ER (3 Month LIBOR USD + 5.28%, 5.28% Floor)		7.28%	^	01/15/2030		6,701,417
7,200,000	Venture Ltd., Series2016-24A-E (3 Month LIBOR USD + 6.72%)		8.69%	^	10/20/2028		6,849,479
5,000,000	Venture Ltd., Series2017-26A-E (3 Month LIBOR USD + 6.80%)		8.77%	^	01/20/2029		4,724,953
4,000,000	Venture Ltd., Series2017-27A-E (3 Month LIBOR USD + 6.35%)		8.32%	^	07/20/2030		3,698,299
4,050,000	Voya Ltd., Series2016-4A-E2 (3 Month LIBOR USD + 6.65%)		8.62%	^	07/20/2029		4,078,037
1,500,000	Voya Ltd., Series2017-1A-D (3 Month LIBOR USD + 6.10%)		8.10%	^	04/17/2030		1,459,659
1,000,000	Voya Ltd., Series2018-2A-E (3 Month LIBOR USD + 5.25%, 5.25% Floor)		7.25%	^	07/15/2031		935,542
1,000,000	Voya Ltd., Series2018-2A-F (3 Month LIBOR USD + 7.29%, 7.29% Floor)		9.29%	^	07/15/2031		851,245
2,000,000	Wind River Ltd., Series2013-2A-E1R (3 Month LIBOR USD + 6.75%)		8.75%	^	10/18/2030		1,776,308
3,500,000	Wind River Ltd., Series2014-2A-ER (3 Month LIBOR USD + 5.75%, 5.75% Floor)		7.75%	^	01/15/2031		2,866,612
2,000,000	Wind River Ltd., Series2014-3A-ER2 (3 Month LIBOR USD + 6.22%, 6.22% Floor)		8.17%	^	10/22/2031		1,640,677
5,000,000	Wind River Ltd., Series2017-1A-E (3 Month LIBOR USD + 6.42%)		8.42%	^	04/18/2029		4,861,467
3,000,000	Wind River Ltd., Series2017-3A-E (3 Month LIBOR USD + 6.40%)		8.40%	^	10/15/2030		2,878,165
1,000,000	Wind River Ltd., Series2018-1A-E (3 Month LIBOR USD + 5.50%)		7.50%	^	07/15/2030		904,121
1,000,000	Wind River Ltd., Series2018-2A-E (3 Month LIBOR USD + 5.75%)		7.75%	^	07/15/2030		899,308
Total Collateralized Loan Obligations (Cost $245,038,190)							234,923,810
Foreign Corporate Bonds - 64.8%
24,000,000	AES Andres B.V.		7.95%	^z	05/11/2026		25,538,580
5,500,000	AES Argentina Generacion S.A.		7.75%	^	02/02/2024		4,637,875
24,500,000	AES Argentina Generacion S.A.		7.75%		02/02/2024		20,659,625
7,500,000	AES El Salvador Trust		6.75%		03/28/2023		7,568,813
4,600,000	AES Gener S.A. (5 Year Swap Rate USD + 4.64%)		7.13%	#^z	03/26/2079		4,835,937
1,000,000	AES Gener S.A. (5 Year Swap Rate USD + 4.64%)		7.13%	#	03/26/2079		1,051,291
800,000	Agile Group Holdings Ltd. (5 Year CMT Rate + 11.25%)		8.38%	#†	12/04/2023		836,880
8,500,000	AI Candelaria Spain SLU		7.50%		12/15/2028		9,554,829
25,000,000	AJE Corporation B.V.		6.50%		05/14/2022		24,645,300
14,321,000	Alpha Holdings S.A.		10.00%		12/19/2022		14,683,636
400,000	Alpha Holdings S.A.		10.00%	^z	12/19/2022		410,129
67,229	Autopistas del Nordeste Ltd.		9.39%		04/15/2024		73,027
4,455,648	Autopistas del Sol S.A.		7.38%	^	12/30/2030		4,535,215
27,500,000	Avianca Holdings S.A.		9.00%	^z	05/10/2023		25,850,000
21,500,000	Banco BTG Pactual S.A. (5 Year CMT Rate + 5.26%)		7.75%	#^	02/15/2029		22,803,115
28,069,000	Banco de Galicia y Buenos Aires S.A. (5 Year CMT Rate + 7.16%)		8.25%	#	07/19/2026		25,071,834
18,550,000	Banco Macro S.A. (5 Year Swap Rate USD + 5.46%)		6.75%	#	11/04/2026		15,078,321
15,000,000	Banco Macro S.A. (5 Year Swap Rate USD + 5.46%)		6.75%	#^	11/04/2026		12,192,712
8,000,000	Banco Mercantil de Norte (10 Year CMT Rate + 5.35%)		7.63%	#^†z	01/10/2028		8,564,280
32,000,000	Banco Mercantil del Norte S.A. (10 Year CMT Rate + 5.35%)		7.63%	#†z	01/10/2028		34,257,120
10,000,000	Bantrab Senior Trust		9.00%	^	11/14/2020		10,400,100
2,258,000	Bantrab Senior Trust		9.00%		11/14/2020		2,348,343
16,850,000	Braskem Idesa SAPI		7.45%	^	11/15/2029		17,983,331
12,000,000	C&W Senior Financing DAC		7.50%	^z	10/15/2026		13,022,190
7,000,000	C&W Senior Financing DAC		6.88%	z	09/15/2027		7,501,568
5,026,000	C10 Capital SPV Ltd. (3 Month LIBOR USD + 4.71%)		6.65%	#†	03/31/2020		4,975,740
10,150,000	C5 Capital Ltd. (3 Month LIBOR USD + 4.28%)		6.22%	#†	03/31/2020		9,947,000
7,250,000	Calfrac Holdings LP		8.50%	^	06/15/2026		2,990,806
5,000,000	Canacol Energy Ltd.		7.25%		05/03/2025		5,284,625
20,000,000	Canacol Energy Ltd.		7.25%	^z	05/03/2025		21,138,500
21,200,000	Capex S.A.		6.88%		05/15/2024		17,975,798
3,800,000	Capex S.A.		6.88%	^	05/15/2024		3,222,077
18,230,000	CFG Investment S.A.C.		9.75%	W	12/31/2019		17,500,800
3,500,000	Cia General de Combustibles S.A.		9.50%	^	11/07/2021		2,932,650
21,500,000	Cia General de Combustibles S.A.		9.50%		11/07/2021		18,014,850
4,200,000	CIMPOR Financial Operations B.V.		5.75%	z	07/17/2024		3,487,785
20,000,000	Colombia Telecomunicaciones S.A. (5 Year Swap Rate USD + 6.96%)		8.50%	#^†z	03/30/2020		20,268,900
2,800,000	Connect Finco LLC		6.75%	^	10/01/2026		2,985,500
31,000,000	Cosan Overseas Ltd.		8.25%	†	02/05/2020		32,308,045
9,400,000	Credito Real S.A.B. de C.V. (5 Year CMT Rate + 7.03%)		9.13%	#^†	11/29/2022		9,914,133
26,961,000	Credito Real S.A.B. de C.V. (5 Year CMT Rate + 7.03%)		9.13%	#†	11/29/2022		28,435,632
40,000,000	CSN Islands Corporation		7.00%	†z	03/23/2020		36,887,800
43,900,000	Digicel Group Ltd.		8.25%	^	09/30/2022		10,679,553
10,143,205	Digicel Group Two Ltd. (9.13% Cash + 9.00% PIK)		18.13%	^	04/01/2024		1,577,420
19,000,000	Docuformas SAPI de C.V.		10.25%	^	07/24/2024		19,316,825
6,600,000	Docuformas SAPI de C.V.		10.25%		07/24/2024		6,710,055
16,080,000	Eldorado International Finance GMBH		8.63%	^	06/16/2021		16,830,293
4,000,000	Eldorado International Finance GMBH		8.63%		06/16/2021		4,186,640
16,644,000	Empresa Electrica Guacolda S.A.		4.56%		04/30/2025		15,167,956
20,000,000	Financiera Independencia S.A.B. de C.V. SOFOM ENR		8.00%	^	07/19/2024		18,708,500
32,000,000	Freeport-McMoRan Copper & Gold, Inc.		5.45%	z	03/15/2043		33,203,200
5,525,000	GFL Environmental, Inc.		8.50%	^z	05/01/2027		6,087,721
10,000,000	Gilex Holding Sarl		8.50%	^	05/02/2023		10,766,750
5,000,000	Gilex Holding Sarl		8.50%	z	05/02/2023		5,383,375
5,346,000	Gol Finance, Inc.		8.75%	†	04/05/2020		5,351,052
5,000,000	Gran Tierra Energy International Holdings Ltd.		6.25%	z	02/15/2025		4,516,250
21,000,000	Gran Tierra Energy, Inc.		7.75%	^z	05/23/2027		19,695,007
9,000,000	Gran Tierra Energy, Inc.		7.75%		05/23/2027		8,440,718
9,700,000	Grupo Idesa S.A. de C.V.		7.88%	z	12/18/2020		8,099,597
13,700,000	Grupo Idesa S.A. de C.V.		7.88%	^z	12/18/2020		11,439,637
5,000,000	Grupo Posadas S.A.B. de C.V.		7.88%		06/30/2022		4,687,550
14,650,000	Grupo Posadas S.A.B. de C.V.		7.88%	^z	06/30/2022		13,734,521
13,447,000	GW Honos Security Corporation		8.75%	^	05/15/2025		14,018,363
15,000,000	Instituto Costarricense de Electricidad		6.38%	^z	05/15/2043		12,918,750
19,511,000	Instituto Costarricense de Electricidad		6.38%	z	05/15/2043		16,803,849
7,300,000	Intelsat Jackson Holdings S.A.		8.50%	^z	10/15/2024		6,664,279
7,715,000	Intelsat Jackson Holdings S.A.		9.75%	^z	07/15/2025		7,152,461
5,925,566	Invepar Holdings		0.00%	ÞW	12/30/2028		253,389
25,000,000	JSL Europe S.A.		7.75%	z	07/26/2024		27,014,875
19,555,000	Kronos Acquisition Holdings, Inc.		9.00%	^z	08/15/2023		18,732,028
12,000,000	MARB BondCo PLC		7.00%	^z	03/15/2024		12,535,020
4,200,000	Medco Oak Tree Pte Ltd.		7.38%		05/14/2026		4,286,469
10,000,000	Metinvest B.V.		7.75%	^z	10/17/2029		10,260,050
10,000,000	NBM US Holdings, Inc.		7.00%	^	05/14/2026		10,853,825
14,500,000	Oi S.A. (10.00% Cash + 4.00% PIK)		14.00%		07/27/2025		13,019,768
14,600,000	Pampa Energia S.A.		7.50%		01/24/2027		12,490,716
10,000,000	Pampa Energia S.A.		7.50%	^	01/24/2027		8,555,285
6,650,000	Pampa Energia S.A.		9.13%		04/15/2029		5,754,561
5,000,000	Pampa Energia S.A.		9.13%	^	04/15/2029		4,326,737
570,000	Pesquera Exalmar S.A.A.		8.00%		01/25/2025		575,700
4,800,000	Petra Diamonds PLC		7.25%	^z	05/01/2022		3,041,969
10,000,000	Petrobras Global Finance B.V.		6.75%	z	01/27/2041		11,635,650
5,000,000	Petroleos Mexicanos		6.38%		01/23/2045		4,826,675
30,000,000	Petroleos Mexicanos		5.63%		01/23/2046		26,860,050
9,000,000	Rio Energy S.A.		6.88%	^	02/01/2025		5,519,250
11,000,000	Rio Energy S.A.		6.88%		02/01/2025		6,745,750
11,441,000	RKP Overseas Finance Ltd.		7.95%	†	02/17/2022		11,014,675
21,119,000	Sappi Papier Holding GMBH		7.50%	^	06/15/2032		22,076,694
7,500,000	Sappi Papier Holding GMBH		7.50%		06/15/2032		7,840,106
14,260,000	Star Energy Geothermal Wayang Windu Ltd.		6.75%		04/24/2033		15,122,195
2,195,000	Starfruit Finco B.V.		8.00%	^	10/01/2026		2,332,242
23,467,953	Stoneway Capital Corporation		10.00%		03/01/2027		14,919,082
4,281,000	Syngenta Finance N.V.		4.38%	z	03/28/2042		3,809,137
10,000,000	Tecnoglass, Inc.		8.20%		01/31/2022		10,848,120
7,500,000	Telecom Argentina SA		8.00%	^	07/18/2026		7,223,513
1,740,000	Telesat LLC		6.50%	^z	10/15/2027		1,817,169
13,644,000	Tervita Escrow Corporation		7.63%	^z	12/01/2021		13,759,974
10,000,000	Teva Pharmaceutical Finance LLC		6.15%	z	02/01/2036		9,351,000
5,000,000	Teva Pharmaceutical Finance Netherlands B.V.		4.10%	z	10/01/2046		3,613,000
700,000	Transportadora de Gas del Sur S.A.		6.75%	^	05/02/2025		620,025
740,000	Trivium Packaging Finance BV		8.50%	^z	08/15/2027		824,619
6,500,000	Unifin Financiera S.A.B. de C.V.		8.38%		01/27/2028		6,662,500
24,000,000	Unifin Financiera S.A.B. de C.V. (5 Year CMT Rate + 6.31%)		8.88%	#†z	07/29/2025		22,126,320
11,000,000	Unifin Financiera S.A.B. de C.V. (5 Year CMT Rate + 6.31%)		8.88%	#^†	01/29/2025		10,141,230
29,000,000	Unigel Luxembourg S.A.		8.75%	^	10/01/2026		29,612,553
20,000,000	Vedanta Resources Finance PLC		9.25%	z	04/23/2026		19,896,700
13,000,000	Vedanta Resources Finance PLC		9.25%	^z	04/23/2026		12,932,855
7,000,000	Vedanta Resources PLC		6.13%	z	08/09/2024		6,391,795
10,000,000	YPF Energia Electrica S.A.		10.00%	^	07/25/2026		8,726,275
8,300,000	YPF S.A.		8.50%		07/28/2025		7,826,278
5,000,000	YPF S.A.		8.50%		06/27/2029		4,564,238
850,000	YPF S.A.		8.50%	^	06/27/2029		775,920
20,807,000	YPF S.A.		7.00%		12/15/2047		16,509,002
Total Foreign Corporate Bonds (Cost $1,352,935,903)							1,293,139,998
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations - 0.5%
10,000,000	Ecuador Government International Bond		9.50%	^	03/27/2030		9,353,475
Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $10,377,548)							9,353,475
Non-Agency Commercial Mortgage Backed Obligations - 16.6%
10,000,000	Atrium Hotel Portfolio Trust, Series2018-ATRM-E (1 Month LIBOR USD + 3.40%, 3.40% Floor)		5.14%	^	06/15/2035		10,057,435
9,948,000	Bear Stearns Commercial Mortgage Securities, Inc., Series2007-T26-AJ		5.45%	#	01/12/2045		8,564,233
20,000,000	BX Commercial Mortgage Trust, Series2019-IMC-G (1 Month LIBOR USD + 3.60%, 3.60% Floor)		5.34%	^	04/15/2034		20,152,174
350,000	BX Trust, Series2018-GW-G (1 Month LIBOR USD + 2.92%, 2.92% Floor)		4.66%	^	05/15/2035		353,406
15,292,000	Carbon Capital Commercial Mortgage Trust, Series2019-FL2-B (1 Month LIBOR USD + 2.85%, 2.85% Floor)		4.59%	^	10/15/2035		15,413,877
871,000	CF Trust, Series2019-MF1-F (1 Month LIBOR USD + 2.95%, 2.95% Floor)		4.69%	^	08/21/2032		873,161
30,524,109	Citigroup Commercial Mortgage Trust, Series2014-GC25-XG		1.23%	#^I/O	10/10/2047		1,305,165
4,484,000	Citigroup Commercial Mortgage Trust, Series2015-GC27-D		4.43%	#^	02/10/2048		4,260,046
3,929,315	Commercial Mortgage Pass-Through Certificates, Series2014-UBS4-F		3.75%	^Þ	08/10/2047		1,481,650
7,036,812	Commercial Mortgage Pass-Through Certificates, Series2014-UBS4-G		3.75%	^Þ	08/10/2047		524,031
14,000	Commercial Mortgage Pass-Through Certificates, Series2014-UBS4-V		0.00%	#^Þ	08/10/2047		1
6,400,000	Commercial Mortgage Pass-Through Certificates, Series2015-CR26-E		3.25%	^Þ	10/10/2048		5,500,781
18,438,000	Commercial Mortgage Pass-Through Certificates, Series2015-CR26-XD		1.23%	#^I/O	10/10/2048		1,146,993
40,000,000	Great Wolf Trust, Series2019-WOLF-F (1 Month LIBOR USD + 3.13%, 3.13% Floor)		4.85%	^	12/15/2029		39,987,720
12,730,000	GS Mortgage Securities Corporation, Series2014-GC20-E		4.46%	#^Þ	04/10/2047		7,399,847
65,010,362	GS Mortgage Securities Corporation, Series2014-GC20-XD		1.29%	#^I/O	04/10/2047		2,964,063
3,750,000	GS Mortgage Securities Trust, Series2019-SMP-G (1 Month LIBOR USD + 4.25%, 4.25% Floor)		5.99%	^	08/15/2032		3,776,084
20,000,000	Hawaii Hotel Trust, Series2019-MAUI-F (1 Month LIBOR USD + 3.00%, 3.00% Floor)		4.49%	^	05/15/2038		20,059,390
5,590,000	Hilton USA Trust2018-ORL, Series2018-ORL-F (1 Month LIBOR USD + 3.65%, 3.65% Floor)		5.39%	^	12/15/2034		5,615,705
5,000,000	Hilton USA Trust, Series2016-SFP-E		5.52%	^	11/05/2035		5,022,941
18,629,201	HPLY Trust, Series2019-HIT-G (1 Month LIBOR USD + 3.90%, 3.90% Floor)		5.64%	^	11/15/2036		18,652,432
57,259,829	JPMBB Commercial Mortgage Securities Trust, Series2013-C14-XC		1.10%	#^I/O	08/15/2046		1,943,676
14,113,175	JPMBB Commercial Mortgage Securities Trust, Series2014-C19-E		4.00%	#^Þ	04/15/2047		11,937,904
7,840,900	JPMBB Commercial Mortgage Securities Trust, Series2014-C19-F		3.75%	#^Þ	04/15/2047		4,497,371
21,332,764	JPMBB Commercial Mortgage Securities Trust, Series2014-C19-NR		3.75%	#^Þ	04/15/2047		4,436,362
47,829,582	JPMBB Commercial Mortgage Securities Trust, Series2014-C21-XD		0.76%	#^I/O	08/15/2047		1,530,681
12,020,000	JPMBB Commercial Mortgage Securities Trust, Series2015-C27-E		2.81%	#^Þ	02/15/2048		9,513,169
24,531,000	JPMBB Commercial Mortgage Securities Trust, Series2015-C27-XE		1.51%	#^I/O	02/15/2048		1,644,600
5,600,000	JP Morgan Chase Commercial Mortgage Securities Trust, Series2019-MFP-F (1 Month LIBOR USD + 3.00%, 3.00% Floor)		4.74%	^	07/15/2036		5,622,774
21,581,000	MBRT, Series2019-MBR-G (1 Month LIBOR USD + 2.90%, 2.90% Floor)		4.66%	^	11/15/2036		21,477,476
8,150,000	Morgan Stanley Bank of America Merrill Lynch Trust, Series2015-C26-E		4.40%	#^Þ	10/15/2048		6,846,122
850,000	Morgan Stanley Bank of America Merrill Lynch Trust, Series2015-C26X-E		4.40%	#Þ	10/15/2048		714,013
11,453,000	Morgan Stanley Capital Trust, Series2017-ASHF-G (1 Month LIBOR USD + 6.90%, 6.90% Floor)		8.64%	^	11/15/2034		11,351,756
3,357,000	Morgan Stanley Capital Trust, Series2019-PLND-F (1 Month LIBOR USD + 2.80%, 2.80% Floor)		4.54%	^	05/15/2036		3,371,479
13,000,000	Morgan Stanley Capital Trust, Series2019-PLND-G (1 Month LIBOR USD + 3.65%, 3.65% Floor)		5.39%	^	05/15/2036		13,041,345
5,000,000	UBS Commercial Mortgage Trust, Series2018-NYCH-G (1 Month LIBOR USD + 4.84%, 4.84% Floor)		6.58%	^	02/15/2032		5,041,465
4,870,000	Wells Fargo Commercial Mortgage Trust, Series2014-LC16-E		3.25%	^Þ	08/15/2050		2,943,696
4,870,000	Wells Fargo Commercial Mortgage Trust, Series2014-LC16-XC		1.55%	#^I/O	08/15/2050		303,214
12,175,683	Wells Fargo Commercial Mortgage Trust, Series2014-LC16-XD		1.55%	#^I/O	08/15/2050		705,082
18,361,980	Wells Fargo Commercial Mortgage Trust, Series2015-C29-E		4.22%	#^Þ	06/15/2048		15,790,385
9,180,600	Wells Fargo Commercial Mortgage Trust, Series2015-C29-F		4.22%	#^Þ	06/15/2048		5,670,609
39,018,814	Wells Fargo Commercial Mortgage Trust, Series2015-C29-G		4.22%	#^Þ	06/15/2048		14,693,432
11,973,000	WF-RBS Commercial Mortgage Trust, Series2014-LC14-E		3.50%	#^Þ	03/15/2047		10,304,143
87,892,034	WF-RBS Commercial Mortgage Trust, Series2014-LC14-XC		1.62%	#^I/O	03/15/2047		5,502,323
TotalNon-Agency Commercial Mortgage Backed Obligations(Cost $339,690,598)							331,994,212
Non-Agency Residential Collateralized Mortgage Obligations - 3.1%
30,000,000	CIM Trust, Series2016-1RR-B2		7.78%	#^Þ	07/26/2055		30,296,058
15,000,000	CIM Trust, Series2016-2RR-B2		8.23%	#^Þ	02/25/2056		15,108,934
15,000,000	CIM Trust, Series2016-3RR-B2		7.99%	#^Þ	02/27/2056		15,136,754
1,755,237	Wachovia Mortgage Loan Trust, Series2007-A-4A1		4.46%	#	03/20/2037		1,604,532
TotalNon-Agency Residential Collateralized Mortgage Obligations (Cost $54,757,184)							62,146,278
US Corporate Bonds - 24.3%
1,645,000	Acrisure LLC		8.13%	^z	02/15/2024		1,792,022
900,000	Alliant Holdings Intermediate LLC		6.75%	^	10/15/2027		965,520
3,770,000	Allied Universal Holding Company		9.75%	^	07/15/2027		4,036,134
15,310,000	AMC Merger, Inc.		8.00%	^	05/15/2025		10,225,779
10,988,000	Argos Merger Sub, Inc.		7.13%	^z	03/15/2023		10,795,710
11,036,000	AssuredPartners, Inc.		7.00%	^z	08/15/2025		11,253,299
6,315,000	Avantor, Inc.		9.00%	^z	10/01/2025		7,070,369
4,000,000	Banff Merger Sub, Inc.		9.75%	^z	09/01/2026		4,060,100
11,565,000	BCD Acquisition, Inc.		9.63%	^	09/15/2023		11,940,747
2,960,000	Boyne USA, Inc.		7.25%	^	05/01/2025		3,227,628
7,750,000	Bruin E&P Partners LLC		8.88%	^	08/01/2023		5,060,091
14,080,000	CB Escrow Corporation		8.00%	^z	10/15/2025		14,965,843
13,450,000	Cengage Learning, Inc.		9.50%	^z	06/15/2024		11,673,457
3,815,000	Constellation Merger Sub, Inc.		8.50%	^z	09/15/2025		3,339,708
10,160,000	CSI Compressco LP		7.50%	^z	04/01/2025		10,011,816
3,195,000	Eagle Holding Company (7.75% Cash + 9.00% PIK)		16.75%	^	05/15/2022		3,249,826
3,975,000	EES Finance Corporation		8.13%	z	05/01/2025		3,926,962
15,745,000	Embarq Corporation		8.00%		06/01/2036		16,678,285
1,550,000	Enterprise Merger Sub, Inc.		8.75%	^	10/15/2026		965,414
3,710,000	EP Energy LLC		7.75%	^W	05/15/2026		2,663,214
9,760,000	Financial & Risk US Holdings, Inc.		8.25%	^z	11/15/2026		11,010,256
7,660,000	Flex Acquisition Company, Inc.		6.88%	^z	01/15/2025		7,736,523
1,255,000	Flex Acquisition Company, Inc.		7.88%	^z	07/15/2026		1,267,327
9,200,000	Foresight Energy LLC		11.50%	^W	04/01/2023		368,000
3,670,000	Frontier Communications Corporation		8.50%		04/15/2020		2,199,082
2,815,000	Frontier Communications Corporation		8.00%	^	04/01/2027		2,946,883
5,800,000	Gates Global LLC		6.25%	^z	01/15/2026		5,910,461
13,540,000	Genesys Telecommunications Laboratories, Inc.		10.00%	^z	11/30/2024		14,668,356
12,200,000	Gogo Finance Company, Inc.		9.88%	^	05/01/2024		12,911,687
10,000,000	GTT Communications, Inc.		7.88%	^z	12/31/2024		7,572,100
10,405,000	Hexion, Inc.		7.88%	^z	07/15/2027		10,846,952
5,759,000	Hillman Group, Inc.		6.38%	^	07/15/2022		5,372,064
7,000,000	Informatica LLC		7.13%	^z	07/15/2023		7,122,430
5,970,000	JBS USA Finance, Inc.		6.75%	^z	02/15/2028		6,607,954
7,850,000	Legacy Reserves LP		6.63%	W	12/01/2021		157,000
3,615,000	Matterhorn Merger Sub LLC		8.50%	^	06/01/2026		3,391,671
5,425,000	Moss Creek Resources Holdings, Inc.		7.50%	^	01/15/2026		4,138,448
2,000,000	MPH Acquisition Holdings LLC		7.13%	^z	06/01/2024		1,939,980
7,750,000	NFP Corporation		6.88%	^z	07/15/2025		7,788,673
1,295,000	NGL Energy Finance Corporation		7.50%	^	04/15/2026		1,255,985
7,264,000	OPE KAG Finance Sub, Inc.		7.88%	^z	07/31/2023		7,124,785
6,440,000	Panther BF Aggregator LP		8.50%	^z	05/15/2027		6,854,414
7,455,000	Par Petroleum Finance Corporation		7.75%	^z	12/15/2025		7,737,656
6,700,000	Peabody Securities Finance Corporation		6.00%	^z	03/31/2022		6,549,250
6,800,000	PetSmart, Inc.		8.88%	^z	06/01/2025		6,732,000
13,919,000	Polaris Intermediate Corporation (8.50% Cash + 9.00% PIK)		17.50%	^	12/01/2022		12,996,776
3,295,000	Prime Security Services Borrower LLC		9.25%	^z	05/15/2023		3,461,809
12,328,000	Pyxus International, Inc.		8.50%	^z	04/15/2021		11,932,271
7,140,000	Radiate Finance, Inc.		6.63%	^z	02/15/2025		7,232,213
12,280,000	Riverbed Technology, Inc.		8.88%	^	03/01/2023		7,122,400
2,270,000	Scientific Games International, Inc.		7.00%	^z	05/15/2028		2,433,100
5,270,000	Scientific Games International, Inc.		7.25%	^	11/15/2029		5,740,875
9,970,000	Solera Finance, Inc.		10.50%	^z	03/01/2024		10,599,556
7,000,000	Sprint Capital Corporation		8.75%	z	03/15/2032		8,509,200
11,385,000	Sprint Corporation		7.63%	z	03/01/2026		12,576,440
10,296,000	SunCoke Energy Partners Finance Corporation		7.50%	^z	06/15/2025		9,926,991
12,833,000	Tapstone Energy Finance Corporation		9.75%	^W	06/01/2022		109,081
8,145,000	Team Health Holdings, Inc.		6.38%	^z	02/01/2025		5,460,530
10,347,000	Tempo Acquisition Finance Corporation		6.75%	^	06/01/2025		10,709,042
5,195,000	Tenet Healthcare Corporation		8.13%	z	04/01/2022		5,756,216
7,709,000	Trident Merger Sub, Inc.		6.63%	^z	11/01/2025		6,960,572
3,000,000	Trident TPI Holdings, Inc.		9.25%	^z	08/01/2024		3,038,745
1,285,000	Triumph Group, Inc.		6.25%	^z	09/15/2024		1,353,535
10,280,000	Triumph Group, Inc.		7.75%	z	08/15/2025		10,748,922
8,375,000	Uber Technologies, Inc.		8.00%	^z	11/01/2026		8,750,388
5,525,000	Uber Technologies, Inc.		7.50%	^z	09/15/2027		5,682,269
7,645,000	Valeant Pharmaceuticals International, Inc.		9.25%	^z	04/01/2026		8,795,190
2,585,000	Valeant Pharmaceuticals International, Inc.		8.50%	^	01/31/2027		2,948,580
11,790,000	Verscend Escrow Corporation		9.75%	^z	08/15/2026		12,925,082
7,675,000	Vine Oil & Gas Finance Corporation		8.75%	^	04/15/2023		3,785,694
5,500,000	Wand Merger Corporation		9.13%	^	07/15/2026		6,098,125
706,000	Weatherford International Ltd.		11.00%	^	12/01/2024		765,128
5,000,000	West Street Merger Sub, Inc.		6.38%	^z	09/01/2025		4,999,950
5,500,000	Wolverine Escrow LLC		9.00%	^	11/15/2026		5,771,343
Total US Corporate Bonds (Cost $525,389,689)							485,301,884
US Government and Agency Mortgage Backed Obligations - 4.8%
9,080,277	Federal Home Loan Mortgage Corporation, Series3631-SJ(-1 x 1 Month LIBOR USD + 6.24%, 6.24% Cap)		4.50%	I/FI/O	02/15/2040		1,627,693
6,012,489	Federal Home Loan Mortgage Corporation, Series3770-SP(-1 x 1 Month LIBOR USD + 6.50%, 6.50% Cap)		4.76%	I/FI/O	11/15/2040		595,530
23,486,234	Federal Home Loan Mortgage Corporation, Series3980-SX(-1 x 1 Month LIBOR USD + 6.50%, 6.50% Cap)		4.76%	I/FI/O	01/15/2042		4,724,561
14,011,814	Federal Home Loan Mortgage Corporation, Series4212-NS(-1 x 1 Month LIBOR USD + 5.40%, 5.40% Cap)		3.31%	I/F	06/15/2043		13,816,404
4,547,699	Federal National Mortgage Association, Series2006-83-SH(-1 x 1 Month LIBOR USD + 6.56%, 6.56% Cap)		4.77%	I/FI/O	09/25/2036		850,268
17,884,939	Federal National Mortgage Association, Series2010-123-SK(-1 x 1 Month LIBOR USD + 6.05%, 6.05% Cap)		4.26%	I/FI/O	11/25/2040		3,284,392
21,621,450	Federal National Mortgage Association, Series2013-55-US(-2 x 1 Month LIBOR USD + 6.00%, 6.00% Cap)		3.31%	I/F	06/25/2043		20,349,108
34,852,144	Federal National Mortgage Association, Series2013-58-KS(-2 x 1 Month LIBOR USD + 5.93%, 5.93% Cap)		3.24%	I/F	06/25/2043		32,334,624
20,843,792	Federal National Mortgage Association, Series2013-58-SC(-2 x 1 Month LIBOR USD + 6.00%, 6.00% Cap)		3.31%	I/F	06/25/2043		19,580,506
Total US Government and Agency Mortgage Backed Obligations (Cost $100,104,660)							97,163,086
Common Stocks - 0.8%
51,725	ATD Holdings, Inc. *Þ						1,370,713
339,999	Frontera Energy Corporation z						2,560,195
468,716	Hexion Holdings Corporation *						5,648,028
284,965	Legacy Reserves LP *Þ						2,849,650
15,343	McDermott International, Inc. *						10,381
62,554	Syncreon Group B.V. *Þ						875,750
97,836	Weatherford International PLC *z						2,734,516
Total Common Stocks(Cost $58,969,046)							16,049,233
Warrants - 0.0%
4,944,181	OAS S.A., Expiration 5/16/2039, Strike Price BRL 1.00*Þ						1
Total Warrants(Cost $1)							1
Short Term Investments - 2.4%
15,823,670	BlackRock Liquidity Funds FedFund - Institutional Shares		1.50%	◆			15,823,670
15,821,800	Fidelity Institutional Money Market Government Portfolio - Class I		1.49%	◆			15,821,800
15,824,378	Morgan Stanley Institutional Liquidity Funds Government Portfolio - Institutional Share Class		1.51%	◆			15,824,378
Total Short Term Investments(Cost $47,469,848)							47,469,848
Total Investments - 141.0%(Cost $2,995,535,157) ‡							2,815,484,871
Liabilities in Excess of Other Assets - (41.0)%							(818,961,182	)
NET ASSETS - 100.0%						$	1,996,523,689

^ 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.

§ The interest rate will step up if the issuer does not redeem the bond on or before a scheduled redemption date in accordance with the terms of the instrument. The interest rate shown is the rate in effect as of December 31, 2019.

± 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 December 31, 2019.

W Security is in default or has failed to make a scheduled payment. Income is not being accrued.

Þ Value determined using significant unobservable inputs.

# 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 December 31, 2019.

† Perpetual Maturity

I/O Interest only security

I/F Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.

* Non-income producing security

◆ Seven-day yield as of December 31, 2019

@ Security pays interest at rates that represent residual cashflows available after more senior tranches have been paid. The interest rate disclosed reflects the estimated rate in effect as of December 31, 2019.

‡ Under the Fund’s Liquidity Agreement, the Lender, through their agent, have been granted a security interest in all of the Fund’s investments in consideration of the Fund’s borrowings under the line of credit with the Lender.

z Security, or portion of security, is on loan as of December 31, 2019 pursuant to the Liquidity Agreement.

BRL  Brazilian Real

PIK  Apayment-in-kind security in which the issuer may make interest or dividend payments in cash or additional securities. These additional securities generally have the same terms as the original holdings.

SECURITY TYPE BREAKDOWN as a % of Net Assets:

Foreign Corporate Bonds	64.8%
US Corporate Bonds	24.3%
Non-Agency Commercial Mortgage Backed Obligations	16.6%
Collateralized Loan Obligations	11.8%
Bank Loans	10.7%
US Government and Agency Mortgage Backed Obligations	4.8%
Non-Agency Residential Collateralized Mortgage Obligations	3.1%
Short Term Investments	2.4%
Asset Backed Obligations	1.2%
Common Stocks	0.8%
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations	0.5%
Warrants	0.0%	~
Other Assets and Liabilities	(41.0)%
	100.0%

~ Represents less than 0.05% of net assets

INVESTMENT BREAKDOWN as a % of Net Assets:

Non-Agency Commercial Mortgage Backed Obligations	16.6%
Collateralized Loan Obligations	11.8%
Energy	11.5%
Utilities	11.0%
Finance	8.6%
Telecommunications	7.4%
Banking	6.5%
Mining	5.1%
US Government and Agency Mortgage Backed Obligations	4.9%
Consumer Products	4.6%
Transportation	4.1%
Building and Development (including Steel/Metals)	3.9%
Technology	3.9%
Healthcare	3.7%
Chemical Products	3.4%
Non-Agency Residential Collateralized Mortgage Obligations	3.1%
Media	2.8%
Pulp & Paper	2.6%
Short Term Investments	2.4%
Containers and Glass Products	2.4%
Commercial Services	1.8%
Electronics/Electric	1.7%
Pharmaceuticals	1.4%
Automotive	1.4%
Hotels/Motels/Inns and Casinos	1.3%
Business Equipment and Services	1.3%
Chemicals/Plastics	1.3%
Retailers (other than Food/Drug)	1.2%
Asset Backed Obligations	1.2%
Environmental Control	1.1%
Insurance	1.1%
Aerospace & Defense	1.0%
Food Products	0.9%
Beverage and Tobacco	0.6%
Real Estate	0.6%
Industrial Equipment	0.5%
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations	0.5%
Leisure	0.4%
Food Service	0.4%
Financial Intermediaries	0.4%
Food/Drug Retailers	0.3%
Diversified Manufacturing	0.3%
Construction	0.0%	~
Other Assets and Liabilities	(41.0)%
	100.0%

~ Represents less than 0.05% of net assets

COUNTRY BREAKDOWN as a % of Net Assets:

United States	75.2%
Mexico	14.1%
Brazil	11.4%
Argentina	11.2%
Colombia	7.2%
Canada	2.9%
Indonesia	2.6%
Peru	2.1%
India	2.0%
Costa Rica	1.7%
South Africa	1.5%
Dominican Republic	1.3%
Chile	1.1%
Panama	1.0%
Luxembourg	0.8%
Israel	0.7%
Guatemala	0.6%
Jamaica	0.6%
Hong Kong	0.6%
Ukraine	0.5%
Ecuador	0.5%
United Kingdom	0.4%
El Salvador	0.4%
Netherlands	0.3%
China	0.2%
France	0.1%
Other Assets and Liabilities	(41.0)%
	100.0%

Notes to Schedule of Investments

December 31, 2019 (Unaudited)

1.  Organization

DoubleLine Income Solutions Fund (the “Fund”) was formed as a closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and originally classified as a non-diversified fund. The Fund is currently operating as a diversified fund. Currently under the 1940 Act, a diversified fund generally may not, with respect to 75% of its total assets, invest more than 5% of its total assets in the securities of any one issuer or own more than 10% of the outstanding voting securities of such issuer (except, in each case, U.S. Government securities, cash, cash items and the securities of other investment companies). The remaining 25% of a fund’s total assets is not subject to this limitation. The Fund was organized as a Massachusetts business trust on January 10, 2013 and commenced operations on April 26, 2013. The Fund is listed on the New York Stock Exchange (“NYSE”) under the symbol “DSL”. The Fund’s primary investment objective is to seek high current income and its secondary objective is to seek capital appreciation.

2.  Significant Accounting Policies

The 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 Fund. These policies are in conformity with accounting principles generally accepted in the United States of America (“US GAAP”).

A. Security Valuation. The Fund has 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 Fund is 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.

Securities may be fair valued by the Adviser (as defined below) in accordance with the fair valuation procedures approved by the Board of Trustees (the “Board”). The Adviser’s valuation committee is generally responsible for overseeing the day to day valuation processes and reports periodically to the Board. The Adviser’s valuation committee and the pricing group are authorized to make all necessary determinations of the fair values of portfolio securities and other assets for which market quotations or third party vendor prices are not readily available or if it is deemed that the prices obtained from brokers and dealers or independent pricing services are deemed to be unreliable indicators of market or fair value.

The following is a summary of the fair valuations according to the inputs used to value the Fund’s investments as of December 31, 2019¹:

Category
Investments in Securities
Level 1
Money Market Funds	$	47,469,848
Common Stocks		10,953,120
Total Level 1		58,422,968
Level 2
Foreign Corporate Bonds		1,292,886,609
US Corporate Bonds		485,301,884
Collateralized Loan Obligations		233,349,009
Non-Agency Commercial Mortgage Backed Obligations		229,740,696
Bank Loans		213,920,514
US Government and Agency Mortgage Backed Obligations		97,163,086
Asset Backed Obligations		24,022,532
Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations		9,353,475
Non-Agency Residential Collateralized Mortgage Obligations		1,604,532
Total Level 2		2,587,342,337
Level 3
Non-Agency Commercial Mortgage Backed Obligations		102,253,516
Non-Agency Residential Collateralized Mortgage Obligations		60,541,746
Common Stocks		5,096,113
Collateralized Loan Obligations		1,574,801
Foreign Corporate Bonds		253,389
Warrants		1
Total Level 3		169,719,566
Total	$	2,815,484,871

See the Schedule of Investments for further disaggregation of investment categories.

¹ There were no transfers into or out of Level 1 during the period ended December 31, 2019.

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

	Fair Value as of 9/30/2019		Net Realized Gain (Loss)		Net Change in Unrealized Appreciation (Depreciation)3			Net Accretion (Amortization)		Purchases 1		Sales 2			Transfers Into Level 34		Transfers Out of Level 34		Fair Value as of 12/31/2019		Net Change in Unrealized Appreciation (Depreciation) on securities held at 12/31/20193
Investments in Securities
Non-Agency Commercial Mortgage Backed Obligations	$	103,197,834	$	293,977	$	(1,264,266	)	$	484,655	$	39,297	$	(497,981	)	$	-	$	-	$	102,253,516	$	(1,275,665	)
Non-Agency Residential Collateralized Mortgage Obligations		60,400,113		-		(99,796	)		241,429		-		-			-		-		60,541,746		(99,796	)
Common Stocks		1,500,025		-		(129,312	)		-		2,849,650		-			875,750		-		5,096,113		(129,312	)
Collateralized Loan Obligations		860,652		-		(177,854	)		2,127		41,725		-			848,151		-		1,574,801		(173,258	)
Foreign Corporate Bonds		253,389		-		-			-		-		-			-		-		253,389		-
Warrants		1		-		-			-		-		-			-		-		1		-
Total	$	166,212,014	$	293,977	$	(1,671,228	)	$	728,211	$	2,930,672	$	(497,981	)	$	1,723,901	$	-	$	169,719,566	$	(1,678,031	)

¹ Purchases include all purchases of securities, payups and corporate actions.

²Sales include all sales of securities, maturities, and paydowns.

³Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2019 may be due to a security that was not held or categorized as Level 3 at either period end.

⁴ 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:

	Fair Value as of 12/31/2019 *		Valuation Techniques	Unobservable Input	Unobservable Input Values (Weighted Average)+		Impact to valuation from an increase to input
Non-Agency Commercial Mortgage Backed Obligations	$	102,253,516	Market Comparables	Yields		6.24% - 76.81% (13.01%)	Increase in yields would have resulted in the decrease in the fair value of the security
Non-Agency Residential Collateralized Mortgage Obligations	$	60,541,746	Market Comparables	Market Quotes		$100.73 - $100.99 ($100.90)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Common Stocks	$	5,096,113	Market Comparables	Market Quotes		$10.00 - $26.50 ($15.13)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Collateralized Loan Obligations	$	1,574,801	Market Comparables	Market Quotes		$69.75 - $84.82 ($77.87)	Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security
Foreign Corporate Bonds	$	253,389	Enterprise Value	EBITDA multiples		5x - 6.5x (5.75x)	Significant changes in the EBITDA multiple would have resulted in direct changes in the fair value of the security
Warrants	$	1	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

* Level 3 securities are typically valued by pricing vendors. The appropriateness of fair values for these securities is monitored on an ongoing basis by the Adviser, which may include back testing, results of vendor due diligence, unchanged price review and consideration of market and/or sector events.

⁺ Unobservable inputs were weighted by the relative fair value of the instruments.