DoubleLine ETF Trust NPORT-P DoubleLine Opportunistic Bond ETF (Jun 2023 report)

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Unaudited)

June

30,

2023

|

June

30,

2023

1

P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

ASSET

BACKED

OBLIGATIONS

8.1%

Affirm

Asset

Securitization

Trust

,

750,000

Series

2022-A-A

4.30%

(a)

05/17/2027

730,153

CyrusOne

Data

Centers

Issuer

I

LLC

,

500,000

Series

2023-1A-A2

4.30%

(a)

04/20/2048

447,219

DataBank

Issuer

,

500,000

Series

2023-1A-A2

5.12%

(a)

02/25/2053

461,600

Diamond

Resorts

Owner

Trust

,

168,074

Series

2021-1A-A

1.51%

(a)

11/21/2033

153,585

EWC

Master

Issuer

LLC

,

495,000

Series

2022-1A-A2

5.50%

(a)

03/15/2052

458,081

GLS

Auto

Receivables

Issuer

Trust

,

500,000

Series

2021-2A-C

1.08%

(a)

06/15/2026

485,825

Hilton

Grand

Vacations

Trust

,

282,869

Series

2022-1D-C

4.69%

(a)

06/20/2034

265,209

Lendbuzz

Securitization

Trust

,

865,164

Series

2022-1A-A

4.22%

(a)

05/17/2027

839,019

MetroNet

Infrastructure

Issuer

LLC

,

300,000

Series

2023-1A-A2

6.56%

(a)

04/20/2053

292,326

Mosaic

Solar

Loan

Trust

,

631,226

Series

2018-2GS-A

4.20%

(a)

02/22/2044

572,284

Pagaya

AI

Debt

Trust

,

494,637

Series

2023-3-A

7.60%

(a)

12/16/2030

496,093

PAGAYA

AI

Debt

Trust

,

263,310

Series

2022-2-A

4.97%

(a)

01/15/2030

259,935

PRET

LLC

,

388,878

Series

2022-NPL2-A1

5.24%

(a)(b)

04/25/2052

369,385

417,651

Series

2022-NPL3-A1

5.93%

(a)(b)

06/25/2052

403,758

Santander

Drive

Auto

Receivables

Trust

,

263,594

Series

2019-2-D

3.22%

07/15/2025

262,895

750,000

Series

2020-4-D

1.48%

01/15/2027

724,620

SEB

Funding

LLC

,

498,750

Series

2021-1A-A2

4.97%

(a)

01/30/2052

439,556

Sierra

Timeshare

Receivables

Funding

LLC

,

307,192

Series

2019-2A-A

2.59%

(a)

05/20/2036

296,095

SMB

Private

Education

Loan

Trust

,

750,000

Series

2021-A-B

2.31%

(a)

01/15/2053

674,721

Theorem

Funding

Trust

,

449,042

Series

2023-1A-A

7.58%

(a)

04/15/2029

449,792

TierPoint

Issuer

LLC

,

500,000

Series

2023-1A-A2

6.00%

(a)

06/25/2053

478,646

Upstart

Securitization

Trust

,

500,000

Series

2021-4-B

1.84%

(a)

09/20/2031

469,524

VOLT

C

LLC

,

372,679

Series

2021-NPL9-A1

1.99%

(a)(b)

05/25/2051

341,103

VOLT

CI

LLC

,

468,099

Series

2021-NP10-A1

1.99%

(a)(b)

05/25/2051

428,438

Washington

Mutual

WMABS

Trust

,

867,319

Series

2006-HE2-A3

(1

Month

LIBOR

USD

+

0.30%,

0.30%

Floor)

5.45%

05/25/2036

655,699

3,637,702

Series

2007-HE2-

2A2

(1

Month

LIBOR

USD

+

0.22%,

0.22%

Floor)

5.37%

02/25/2037

1,066,716

Total

Asset

Backed

Obligations

(Cost

$12,786,728)

12,522,277

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

BANK

LOANS

2.6%

Ali

Group

North

America

Corp.

,

117,519

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.00%)

7.22%

07/22/2029

117,652

AlixPartners

LLP

,

89,770

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.50%,

0.50%

Floor)

7.72%

02/04/2028

89,692

Alterra

Mountain

Co.

,

89,772

Senior

Secured

First

Lien

Term

Loan

(1

Month

LIBOR

USD

+

3.50%,

0.50%

Floor)

8.69%

08/17/2028

89,744

AmWINS

Group,

Inc.

,

119,693

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.25%,

0.75%

Floor)

7.44%

02/19/2028

118,796

Applied

Systems,

Inc.

,

60,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

4.50%,

0.50%

Floor)

9.40%

09/18/2026

60,155

APX

Group,

Inc.

,

115,000

Senior

Secured

First

Lien

Term

Loan

8.46%

07/10/2028

115,063

athenahealth

Group,

Inc.

,

39,976

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.50%,

0.50%

Floor)

8.59%

02/15/2029

38,576

Bausch

&

Lomb

Corp.

,

74,623

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

3.25%,

0.50%

Floor)

8.59%

05/10/2027

72,571

BCPE

Empire

Holdings,

Inc.

,

120,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

4.75%,

0.50%

Floor)

9.83%

12/11/2028

119,869

2

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Cont.)

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

Castlelake

Aviation

One

DAC

,

104,468

Senior

Secured

First

Lien

Term

Loan

(3

Month

LIBOR

USD

+

2.75%,

0.50%

Floor)

8.30%

10/22/2026

104,153

CHG

Healthcare

Services,

Inc.

,

130,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.25%,

0.50%

Floor)

8.40%

09/29/2028

129,529

Clarios

Global

LP

,

95,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.75%)

8.85%

05/06/2030

94,896

DIRECTV

Financing

LLC

,

24,350

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

5.00%,

0.75%

Floor)

10.22%

08/02/2027

23,859

Gen

Digital,

Inc.

,

99,858

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.00%,

0.50%

Floor)

7.20%

09/12/2029

99,484

Go

Daddy

Operating

Co.

LLC

,

114,704

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.00%)

7.19%

08/10/2027

114,698

Graham

Packaging

Co.,

Inc.

,

19,948

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.00%,

0.75%

Floor)

8.22%

08/04/2027

19,850

Gray

Television,

Inc.

,

119,394

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.00%)

8.27%

12/01/2028

116,885

Grifols

Worldwide

Operations

Ltd.

,

45,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

2.00%)

7.41%

11/15/2027

44,353

Hub

International

Ltd.

,

15,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

4.25%,

0.75%

Floor)

9.34%

06/20/2030

15,051

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

Ineos

U.S.

Finance

LLC

,

105,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.50%)

8.75%

02/18/2030

104,541

Ingersoll-Rand

Services

Co.

,

114,704

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

1.75%)

6.95%

03/01/2027

114,713

IRB

Holding

Corp.

,

119,697

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.00%,

0.75%

Floor)

8.20%

12/15/2027

119,024

Jazz

Pharmaceuticals

plc

,

69,606

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.50%,

0.50%

Floor)

8.86%

05/05/2028

69,587

Leslie's

Poolmart

,

Inc.

,

119,694

Senior

Secured

First

Lien

Term

Loan

(1

Month

LIBOR

USD

+

2.50%,

0.50%

Floor)

7.85%

03/09/2028

119,594

Light

&

Wonder

International,

Inc.

,

79,598

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.00%,

0.50%

Floor)

8.25%

04/14/2029

79,617

Mavis

Tire

Express

Services

Topco

Corp.

,

89,771

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

4.00%,

0.75%

Floor)

9.22%

05/04/2028

89,126

Medline

Borrower

LP

,

129,672

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.25%,

0.50%

Floor)

8.35%

10/23/2028

128,334

Osmosis

Buyer

Ltd.

,

89,773

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.75%,

0.50%

Floor)

8.90%

07/31/2028

88,247

|

June

30,

2023

3

(Unaudited)

June

30,

2023

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

Parexel

International,

Inc.

,

115,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.25%,

0.50%

Floor)

8.40%

11/15/2028

114,252

Penn

Entertainment,

Inc.

,

129,397

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.75%,

0.50%

Floor)

7.95%

05/03/2029

129,141

Perrigo

Co.

plc

,

44,887

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.25%)

7.45%

04/20/2029

44,606

Petco

Health

&

Wellness

Co.,

Inc.

,

45,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

3.25%,

0.75%

Floor)

8.41%

03/03/2028

44,744

PetSmart

LLC

,

119,695

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.75%,

0.75%

Floor)

8.95%

02/11/2028

119,671

Pilot

Travel

Centers

LLC

,

114,415

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.00%)

7.20%

08/04/2028

114,394

Prime

Security

Services

Borrower

LLC

,

79,593

Senior

Secured

First

Lien

Term

Loan

(1

Month

LIBOR

USD

+

2.75%,

0.75%

Floor)

7.94%

09/23/2026

79,670

Select

Medical

Corp.

,

110,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.50%)

7.70%

03/06/2025

109,904

SMG

U.S.

Midco

2,

Inc.

,

119,690

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

2.50%)

7.77%

01/23/2025

119,565

Trans

Union

LLC

,

65,308

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.25%,

0.50%

Floor)

7.47%

12/01/2028

65,229

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

TransDigm

,

Inc.

,

74,813

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

3.25%)

8.15%

08/24/2028

74,856

UKG,

Inc.

,

119,689

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

3

Month

+

3.75%)

8.90%

05/04/2026

118,253

Vistra

Operations

Co.

LLC

,

114,349

Senior

Secured

First

Lien

Term

Loan

(1

Month

LIBOR

USD

+

1.75%)

6.94%

12/31/2025

114,206

Whatabrands

LLC

,

119,696

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

3.25%,

0.50%

Floor)

8.47%

08/03/2028

119,144

WMG

Acquisition

Corp.

,

120,000

Senior

Secured

First

Lien

Term

Loan

(3

Month

LIBOR

USD

+

2.13%)

7.33%

01/20/2028

119,824

Wyndham

Hotels

&

Resorts,

Inc.

,

60,000

Senior

Secured

First

Lien

Term

Loan

(CME

Term

SOFR

1

Month

+

2.25%)

7.45%

05/24/2030

60,102

Total

Bank

Loans

(Cost

$4,027,908)

4,045,220

COLLATERALIZED

LOAN

OBLIGATIONS

3.9%

LoanCore

Issuer

Ltd.

,

250,000

Series

2021-CRE5-A

(1

Month

LIBOR

USD

+

1.30%,

1.30%

Floor)

6.49%

(a)

07/15/2036

245,434

Marble

Point

CLO

XI

Ltd.

,

500,000

Series

2017-2A-B

(3

Month

LIBOR

USD

+

1.50%,

1.50%

Floor)

6.76%

(a)

12/18/2030

482,872

Park

Avenue

Institutional

Advisers

CLO

Ltd.

,

500,000

Series

2018-1A-BR

(3

Month

LIBOR

USD

+

2.10%,

2.10%

Floor)

7.35%

(a)

10/20/2031

484,257

Race

Point

IX

CLO

Ltd.

,

1,000,000

Series

2015-9A-BR

(3

Month

LIBOR

USD

+

2.15%)

7.41%

(a)

10/15/2030

968,310

Steele

Creek

CLO

Ltd.

,

950,348

Series

2017-1A-A

(3

Month

LIBOR

USD

+

1.25%)

6.51%

(a)

10/15/2030

939,343

4

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Cont.)

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

Stratus

CLO

Ltd.

,

500,000

Series

2021-1A-C

(3

Month

LIBOR

USD

+

1.75%,

1.75%

Floor)

7.00%

(a)

12/29/2029

480,934

Venture

XXVI

CLO

Ltd.

,

500,000

Series

2017-26A-BR

(3

Month

LIBOR

USD

+

1.70%,

1.70%

Floor)

6.95%

(a)

01/20/2029

493,170

Voya

CLO

Ltd.

,

1,000,000

Series

2013-1A-BR

(CME

Term

SOFR

3

Month

+

2.16%)

7.15%

(a)

10/15/2030

963,724

Wellfleet

CLO

Ltd.

,

500,000

Series

2017-3A-A2

(3

Month

LIBOR

USD

+

1.50%,

1.50%

Floor)

6.76%

(a)

01/17/2031

481,844

Wind

River

CLO

Ltd.

,

500,000

Series

2016-2A-BR

(3

Month

LIBOR

USD

+

1.80%,

1.80%

Floor)

7.10%

(a)

11/01/2031

489,961

Total

Collateralized

Loan

Obligations

(Cost

$5,976,201)

6,029,849

FOREIGN

CORPORATE

BONDS

7.7%

AUSTRALIA

0.4%

135,000

Glencore

Funding

LLC

1.63%

(a)

04/27/2026

121,818

260,000

Macquarie

Group

Ltd.

(Secured

Overnight

Financing

Rate

+

2.21%)

5.11%

(a)

08/09/2026

256,315

255,000

Westpac

Banking

Corp.

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.53%)

3.02%

11/18/2036

195,848

573,981

BELGIUM

0.1%

225,000

Anheuser-Busch

Cos.

LLC

4.90%

02/01/2046

215,242

BERMUDA

0.1%

240,000

Triton

Container

International

Ltd.

3.25%

03/15/2032

188,314

BRAZIL

0.8%

200,000

Banco

do

Estado

do

Rio

Grande

do

Sul

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.93%)

5.38%

01/28/2031

180,754

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

200,000

Braskem

Netherlands

Finance

BV

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

8.22%)

8.50%

01/23/2081

204,188

150,000

Cosan

Overseas

Ltd.

8.25%

(c)

08/05/2023

149,275

176,852

Guara

Norte

Sarl

5.20%

06/15/2034

155,059

200,000

Minerva

Luxembourg

SA

4.38%

03/18/2031

156,638

168,118

MV24

Capital

BV

6.75%

06/01/2034

151,877

200,000

NBM

US

Holdings,

Inc.

6.63%

08/06/2029

183,283

1,181,074

CANADA

0.8%

240,000

Bank

of

Montreal

(5

Year

Swap

Rate

USD

+

1.43%)

3.80%

12/15/2032

211,633

445,000

Bank

of

Nova

Scotia

(The)

3.45%

04/11/2025

428,616

115,000

Bombardier,

Inc.

7.88%

(a)

04/15/2027

114,865

30,000

Garda

World

Security

Corp.

4.63%

(a)

02/15/2027

27,477

35,000

Garda

World

Security

Corp.

6.00%

(a)

06/01/2029

28,716

80,000

Parkland

Corp.

4.63%

(a)

05/01/2030

69,443

85,000

Titan

Acquisition

Ltd.

7.75%

(a)

04/15/2026

77,242

215,000

Toronto-Dominion

Bank

(The)

4.69%

09/15/2027

210,501

1,168,493

CAYMAN

ISLANDS

0.1%

110,000

Global

Aircraft

Leasing

Co.

Ltd.

6.50%

(a)

09/15/2024

100,819

CHILE

0.3%

200,000

Agrosuper

SA

4.60%

01/20/2032

169,761

200,000

CAP

SA

3.90%

04/27/2031

145,770

200,000

Chile

Electricity

PEC

SpA

0.00%

01/25/2028

154,440

469,971

CHINA

0.3%

435,000

NXP

BV

3.88%

06/18/2026

418,042

COLOMBIA

0.5%

250,000

AI

Candelaria

Spain

SA

5.75%

06/15/2033

185,521

50,000

Banco

GNB

Sudameris

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.56%)

7.05%

04/03/2027

47,226

200,000

Bancolombia

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.94%)

4.63%

12/18/2029

170,408

200,000

Ecopetrol

SA

5.38%

06/26/2026

191,552

|

June

30,

2023

5

(Unaudited)

June

30,

2023

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

200,000

Empresas

Publicas

de

Medellin

ESP

4.25%

07/18/2029

157,607

752,314

FRANCE

0.1%

260,000

TotalEnergies

Capital

International

SA

3.39%

06/29/2060

191,197

GUATEMALA

0.3%

150,000

Banco

Industrial

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.44%)

4.88%

01/29/2031

137,645

200,000

CT

Trust

5.13%

02/03/2032

160,698

180,000

Millicom

International

Cellular

SA

6.25%

03/25/2029

161,536

459,879

INDIA

0.5%

183,000

Adani

International

Container

Terminal

Pvt.

Ltd.

3.00%

02/16/2031

143,962

200,000

Adani

Ports

&

Special

Economic

Zone

Ltd.

3.83%

02/02/2032

144,905

168,000

JSW

Hydro

Energy

Ltd.

4.13%

05/18/2031

141,893

200,000

Network

i2i

Ltd.

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.27%)

5.65%

(c)

01/15/2025

194,750

200,000

UPL

Corp.

Ltd.

4.50%

03/08/2028

179,508

805,018

INDONESIA

0.2%

165,420

LLPL

Capital

Pte.

Ltd.

6.88%

02/04/2039

148,662

200,000

Minejesa

Capital

BV

4.63%

08/10/2030

180,042

328,704

IRELAND

0.2%

375,000

Avolon

Holdings

Funding

Ltd.

3.25%

(a)

02/15/2027

334,437

ISRAEL

0.2%

200,000

Bank

Hapoalim

BM

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.16%)

3.26%

(a)

01/21/2032

171,946

200,000

Bank

Leumi

Le-

Israel

BM

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.63%)

3.28%

(a)

01/29/2031

179,228

351,174

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

KUWAIT

0.1%

200,000

MEGlobal

Canada

ULC

5.00%

05/18/2025

196,369

MEXICO

0.6%

200,000

Banco

Mercantil

del

Norte

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

10

Year

+

5.35%)

7.63%

(c)

01/10/2028

182,223

200,000

Banco

Nacional

de

Comercio

Exterior

SNC

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.00%)

2.72%

08/11/2031

168,500

200,000

Banco

Santander

Mexico

SA

Institucion

de

Banca

Multiple

Grupo

Financiero

Santand

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%)

5.95%

10/01/2028

199,750

200,000

BBVA

Bancomer

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.65%)

5.13%

01/18/2033

173,727

200,000

Cemex

SAB

de

CV

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

4.91%)

9.13%

(a)(c)

03/14/2028

202,799

926,999

PANAMA

0.2%

200,000

Banco

General

SA

4.13%

08/07/2027

188,673

200,000

Global

Bank

Corp.

(3

Month

LIBOR

USD

+

3.30%)

5.25%

04/16/2029

181,767

370,440

PARAGUAY

0.3%

150,000

Banco

Continental

SAECA

2.75%

12/10/2025

135,700

200,000

Frigorifico

Concepcion

SA

7.70%

07/21/2028

156,025

180,000

Rutas

2

and

7

Finance

Ltd.

0.00%

09/30/2036

118,021

409,746

6

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Cont.)

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

PERU

0.8%

200,000

Banco

de

Credito

del

Peru

SA

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.00%)

3.13%

07/01/2030

183,740

200,000

Banco

Internacional

del

Peru

SAA

Interbank

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

3.71%)

4.00%

07/08/2030

183,932

200,000

Corp.

Financiera

de

Desarrollo

SA

(3

Month

LIBOR

USD

+

5.61%)

5.25%

07/15/2029

194,418

166,400

Hunt

Oil

Co.

of

Peru

LLC

Sucursal

Del

Peru

6.38%

06/01/2028

160,160

200,000

Inkia

Energy

Ltd.

5.88%

11/09/2027

190,799

200,000

Petroleos

del

Peru

SA

5.63%

06/19/2047

129,187

200,000

Transportadora

de

Gas

del

Peru

SA

4.25%

04/30/2028

192,907

1,235,143

SAUDI

ARABIA

0.1%

200,000

EIG

Pearl

Holdings

Sarl

3.55%

08/31/2036

170,997

SINGAPORE

0.4%

200,000

DBS

Group

Holdings

Ltd.

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.10%)

1.82%

03/10/2031

179,002

200,000

Oversea-Chinese

Banking

Corp.

Ltd.

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.58%)

1.83%

09/10/2030

182,438

200,000

United

Overseas

Bank

Ltd.

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.23%)

2.00%

10/14/2031

175,809

537,249

SOUTH

AFRICA

0.1%

200,000

Sasol

Financing

USA

LLC

4.38%

09/18/2026

177,261

SOUTH

KOREA

0.1%

200,000

Woori

Bank

4.75%

04/30/2024

197,110

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

UNITED

ARAB

EMIRATES

0.1%

145,874

Galaxy

Pipeline

Assets

Bidco

Ltd.

1.75%

09/30/2027

134,679

Total

Foreign

Corporate

Bonds

(Cost

$11,929,195)

11,894,652

FOREIGN

GOVERNMENT

BONDS,

FOREIGN

AGENCIES

AND

FOREIGN

GOVERNMENT

SPONSORED

CORPORATIONS

0.1%

DOMINICAN

REPUBLIC

0.1%

150,000

Dominican

Republic

Government

Bond

8.63%

04/20/2027

156,750

Total

Foreign

Government

Bonds,

Foreign

Agencies

and

Foreign

Government

Sponsored

Corporations

(Cost

$157,170)

156,750

NON-AGENCY

COMMERCIAL

MORTGAGE

BACKED

OBLIGATIONS

5.5%

BANK

,

300,000

Series

2021-BN38-A5

2.52%

12/15/2064

244,271

Bank

of

America

Merrill

Lynch

Commercial

Mortgage

Trust

,

266,000

Series

2016-UB10-C

4.99%

(d)

07/15/2049

231,045

BANK5

,

11,948,863

Series

2023-5YR1-XA

0.48%

(d)(e)

04/15/2056

155,634

BBCMS

Mortgage

Trust

,

300,000

Series

2021-C12-A5

2.69%

11/15/2054

247,331

180,000

Series

2021-C12-AS

2.90%

11/15/2054

142,392

250,000

Series

2021-C9-A5

2.30%

02/15/2054

203,241

100,000

Series

2022-C16-A5

4.60%

(d)

06/15/2055

95,117

200,000

Series

2022-C17-A5

4.44%

09/15/2055

187,943

250,000

Series

2023-C19-A5

5.45%

04/15/2056

253,573

Benchmark

Mortgage

Trust

,

7,730,718

Series

2018-B2-XA

0.60%

(d)(e)

02/15/2051

114,312

250,000

Series

2021-B31-A5

2.67%

12/15/2054

204,906

250,000

Series

2022-B35-C

4.59%

(d)

05/15/2055

183,046

200,000

Series

2023-B38-A4

5.52%

04/15/2056

203,733

BX

Commercial

Mortgage

Trust

,

250,000

Series

2021-VINO-A

(1

Month

LIBOR

USD

+

0.65%,

0.65%

Floor)

5.85%

(a)

05/15/2038

243,824

Cantor

Commercial

Real

Estate

Lending

,

500,000

Series

2019-CF1-C

4.35%

(d)

05/15/2052

396,145

CFCRE

Commercial

Mortgage

Trust

,

184,634

Series

2016-C6-A2

2.95%

11/10/2049

168,833

Citigroup

Commercial

Mortgage

Trust

,

250,000

Series

2015-GC27-C

4.57%

(d)

02/10/2048

227,372

100,000

Series

2022-GC48-A5

4.74%

(d)

05/15/2054

94,932

Commercial

Mortgage

Trust

,

205,000

Series

2016-DC2-C

4.81%

(d)

02/10/2049

181,529

CSMC

Trust

,

273,000

Series

2021-B33-A2

3.17%

(a)

10/10/2043

202,536

DBJPM

16-C1

Mortgage

Trust

,

290,000

Series

2016-C1-B

4.20%

(d)

05/10/2049

251,428

250,000

Series

2016-C1-C

3.47%

(d)

05/10/2049

205,499

Del

Amo

Fashion

Center

Trust

,

250,000

Series

2017-AMO-C

3.76%

(a)(d)

06/05/2035

189,201

FIVE

Mortgage

Trust

,

250,000

Series

2023-V1-D

6.62%

(a)(d)

02/10/2056

203,397

GS

Mortgage

Securities

Trust

,

9,430,773

Series

2017-GS7-XA

1.23%

(d)(e)

08/10/2050

317,692

|

June

30,

2023

7

(Unaudited)

June

30,

2023

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

250,000

Series

2019-GC42-A3

2.75%

09/10/2052

213,140

250,000

Series

2019-GSA1-C

3.93%

(d)

11/10/2052

190,503

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

,

497,683

Series

2022-NLP-A

(CME

Term

SOFR

1

Month

+

0.60%,

0.60%

Floor)

5.74%

(a)

04/15/2037

474,480

JPMBB

Commercial

Mortgage

Securities

Trust

,

325,000

Series

2014-C21-B

4.34%

(d)

08/15/2047

293,720

JPMCC

Commercial

Mortgage

Securities

Trust

,

8,143,498

Series

2017-JP6-XA

1.17%

(d)(e)

07/15/2050

228,398

LSTAR

Commercial

Mortgage

Trust

,

250,000

Series

2015-3-D

3.31%

(a)(d)

04/20/2048

222,845

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

,

250,000

Series

2016-C31-C

4.41%

(d)

11/15/2049

192,131

Morgan

Stanley

Capital

I

Trust

,

283,000

Series

2018-L1-C

4.95%

(d)

10/15/2051

226,599

RIAL

Issuer

Ltd.

,

350,000

Series

2022-FL8-A

(CME

Term

SOFR

1

Month

+

2.25%,

2.25%

Floor)

7.34%

(a)

01/19/2037

344,304

SREIT

Trust

,

270,000

Series

2021-MFP-A

(1

Month

LIBOR

USD

+

0.73%,

0.73%

Floor)

5.92%

(a)

11/15/2038

262,589

UBS

Commercial

Mortgage

Trust

,

324,000

Series

2018-C10-C

5.22%

(d)

05/15/2051

271,687

200,000

Series

2018-C8-C

4.84%

(d)

02/15/2051

163,599

Wells

Fargo

Commercial

Mortgage

Trust

,

246,000

Series

2021-C60-A3

2.06%

08/15/2054

198,632

WFRBS

Commercial

Mortgage

Trust

,

9,329,753

Series

2014-C21-XA

1.15%

(d)(e)

08/15/2047

85,519

Total

Non-Agency

Commercial

Mortgage

Backed

Obligations

(Cost

$9,013,643)

8,517,078

NON-AGENCY

RESIDENTIAL

COLLATERALIZED

MORTGAGE

OBLIGATIONS

12.4%

Citigroup

Mortgage

Loan

Trust

,

538,807

Series

2007-AR8-2A1A

4.29%

(d)

07/25/2037

469,835

Connecticut

Avenue

Securities

Trust

,

500,000

Series

2022-R01-

1M2

(Secured

Overnight

Financing

Rate

30

Day

Average

+

1.90%)

6.97%

(a)

12/25/2041

487,686

Deephaven

Residential

Mortgage

Trust

,

1,029,803

Series

2022-2-A1

4.30%

(a)(d)

03/25/2067

958,062

FHLMC

STACR

REMIC

Trust

,

500,000

Series

2022-DNA2-

M1B

(Secured

Overnight

Financing

Rate

30

Day

Average

+

2.40%)

7.47%

(a)

02/25/2042

494,598

FHLMC

STRIPS

,

2,198,592

Series

358-300

3.00%

10/15/2047

2,002,162

GNMA

,

1,495,660

Series

2013-116-WU

3.00%

12/20/2042

1,427,114

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

HOMES

Trust

,

953,665

Series

2023-NQM1-A1

6.18%

(a)(b)

01/25/2068

946,374

Legacy

Mortgage

Asset

Trust

,

457,926

Series

2021-GS2-A1

1.75%

(a)

(b)(d)

04/25/2061

425,673

New

Residential

Mortgage

Loan

Trust

,

1,030,839

Series

2019-RPL2-A1

3.25%

(a)(d)

02/25/2059

964,931

OBX

Trust

,

957,382

Series

2023-NQM2-A1

6.32%

(a)(b)

01/25/2062

955,615

969,807

Series

2023-NQM3-A3

6.76%

(a)(b)

02/25/2063

965,948

PRPM

LLC

,

1,049,991

Series

2022-5-A1

6.90%

(a)(b)

09/27/2027

1,034,601

RFMSI

Trust

,

1,447,045

Series

2006-S4-A7

6.00%

04/25/2036

1,150,447

Structured

Asset

Mortgage

Investments

II

Trust

,

1,422,278

Series

2007-AR3-

1A3

(1

Month

LIBOR

USD

+

0.42%,

0.42%

Floor)

5.57%

09/25/2047

1,178,047

Towd

Point

Mortgage

Trust

,

915,319

Series

2020-2-A1A

1.64%

(a)(d)

04/25/2060

792,915

291,955

Series

2020-3-A1

3.09%

(a)(d)

02/25/2063

272,670

1,065,107

Series

2022-1-A1

3.75%

(a)(d)

07/25/2062

986,760

Verus

Securitization

Trust

,

547,066

Series

2021-8-A1

1.82%

(a)(d)

11/25/2066

459,695

1,468,287

Series

2023-4-A1

5.81%

(a)(b)

05/25/2068

1,456,614

948,933

Series

2023-INV1-A3

6.76%

(a)(b)

02/25/2068

944,453

WaMu

Mortgage-Backed

Pass-Through

Certificates

Trust

,

447,363

Series

2006-AR16-2A1

3.44%

(d)

12/25/2036

390,468

Wells

Fargo

Mortgage

Backed

Securities

Trust

,

366,249

Series

2006-AR14-2A1

4.51%

(d)

10/25/2036

322,220

Total

Non-Agency

Residential

Collateralized

Mortgage

Obligations

(Cost

$19,475,168)

19,086,888

US

CORPORATE

BONDS

15.8%

465,000

AbbVie,

Inc.

4.70%

05/14/2045

425,166

70,000

Academy

Ltd.

6.00%

(a)

11/15/2027

67,278

115,000

AdaptHealth

LLC

5.13%

(a)

03/01/2030

93,262

170,000

Advanced

Drainage

Systems,

Inc.

6.38%

(a)

06/15/2030

168,371

90,000

AEP

Transmission

Co.

LLC

5.40%

03/15/2053

92,680

40,000

Aethon

United

BR

LP

8.25%

(a)

02/15/2026

39,336

220,000

Air

Lease

Corp.

1.88%

08/15/2026

195,534

355,000

Alexandria

Real

Estate

Equities,

Inc.

3.00%

05/18/2051

218,756

65,000

Alliant

Holdings

Intermediate

LLC

6.75%

(a)

04/15/2028

64,535

175,000

Allied

Universal

Holdco

LLC

6.63%

(a)

07/15/2026

166,291

70,000

Allied

Universal

Holdco

LLC

9.75%

(a)

07/15/2027

61,977

130,000

American

Airlines,

Inc.

7.25%

(a)

02/15/2028

129,360

8

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Cont.)

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

105,000

American

Airlines,

Inc.

5.75%

(a)

04/20/2029

102,047

210,000

American

Express

Co.

5.85%

11/05/2027

215,153

70,000

Amgen,

Inc.

5.25%

03/02/2030

70,193

95,000

Amgen,

Inc.

5.75%

03/02/2063

96,447

35,000

AmWINS

Group,

Inc.

4.88%

(a)

06/30/2029

31,643

65,000

Arconic

Corp.

6.13%

(a)

02/15/2028

65,865

95,000

AssuredPartners

,

Inc.

5.63%

(a)

01/15/2029

82,320

490,000

AT&T,

Inc.

3.50%

09/15/2053

347,226

80,000

AthenaHealth

Group,

Inc.

6.50%

(a)

02/15/2030

67,411

430,000

Athene

Global

Funding

(Secured

Overnight

Financing

Rate

Compounded

Index

+

0.56%)

5.65%

(a)

08/19/2024

423,471

35,000

Bank

of

America

Corp.

(Secured

Overnight

Financing

Rate

+

1.11%)

3.84%

04/25/2025

34,317

35,000

Bank

of

America

Corp.

(Secured

Overnight

Financing

Rate

+

1.75%)

4.83%

07/22/2026

34,417

428,000

Bank

of

America

Corp.

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

1.20%)

2.48%

09/21/2036

327,627

60,000

BCPE

Empire

Holdings,

Inc.

7.63%

(a)

05/01/2027

55,865

190,000

Becton

Dickinson

&

Co.

4.69%

02/13/2028

187,527

15,000

Blackstone

Holdings

Finance

Co.

LLC

2.00%

(a)

01/30/2032

11,187

240,000

Boeing

Co.

(The)

2.95%

02/01/2030

208,771

75,000

Boyd

Gaming

Corp.

4.75%

(a)

06/15/2031

67,080

50,000

Boyne

USA,

Inc.

4.75%

(a)

05/15/2029

45,103

215,000

BP

Capital

Markets

America,

Inc.

4.89%

09/11/2033

212,885

560,000

Broadcom,

Inc.

3.50%

(a)

02/15/2041

419,294

95,000

Brooklyn

Union

Gas

Co.

(The)

4.49%

(a)

03/04/2049

73,291

5,000

Brown

&

Brown,

Inc.

2.38%

03/15/2031

4,034

90,000

Builders

FirstSource

,

Inc.

5.00%

(a)

03/01/2030

84,242

20,000

Builders

FirstSource

,

Inc.

6.38%

(a)

06/15/2032

19,893

140,000

Caesars

Entertainment,

Inc.

7.00%

(a)

02/15/2030

140,720

50,000

Callon

Petroleum

Co.

7.50%

(a)

06/15/2030

47,242

50,000

Calpine

Corp.

5.13%

(a)

03/15/2028

44,689

155,000

Carnival

Corp.

5.75%

(a)

03/01/2027

142,835

50,000

CCO

Holdings

LLC

5.13%

(a)

05/01/2027

46,613

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

80,000

CCO

Holdings

LLC

4.75%

(a)

02/01/2032

65,324

3,000

Cengage

Learning,

Inc.

9.50%

(a)

06/15/2024

3,015

425,000

Charter

Communications

Operating

LLC

4.91%

07/23/2025

416,902

230,000

Cheniere

Energy,

Inc.

4.63%

10/15/2028

215,001

70,000

Chesapeake

Energy

Corp.

5.88%

(a)

02/01/2029

66,557

40,000

Chord

Energy

Corp.

6.38%

(a)

06/01/2026

39,693

30,000

CHS/Community

Health

Systems,

Inc.

6.00%

(a)

01/15/2029

25,270

15,000

Citigroup,

Inc.

(CME

Term

SOFR

3

Month

+

1.65%)

3.67%

07/24/2028

14,034

365,000

Citigroup,

Inc.

(Secured

Overnight

Financing

Rate

+

1.35%)

3.06%

01/25/2033

304,897

45,000

Civitas

Resources,

Inc.

8.38%

(a)

07/01/2028

45,565

25,000

Clear

Channel

Outdoor

Holdings,

Inc.

7.75%

(a)

04/15/2028

19,656

60,000

CNX

Resources

Corp.

6.00%

(a)

01/15/2029

55,673

230,000

Comcast

Corp.

3.40%

04/01/2030

211,471

50,000

CommScope

,

Inc.

6.00%

(a)

03/01/2026

46,658

225,000

Constellation

Brands,

Inc.

3.15%

08/01/2029

202,945

135,000

Continental

Resources,

Inc.

2.27%

(a)

11/15/2026

120,256

65,000

Coty,

Inc.

5.00%

(a)

04/15/2026

62,356

215,000

Crown

Castle,

Inc.

3.65%

09/01/2027

201,182

240,000

CSX

Corp.

3.80%

11/01/2046

193,225

65,000

CVS

Health

Corp.

5.13%

02/21/2030

64,592

100,000

CVS

Health

Corp.

5.30%

06/01/2033

99,894

100,000

CVS

Health

Corp.

5.88%

06/01/2053

102,620

260,000

Dick's

Sporting

Goods,

Inc.

3.15%

01/15/2032

213,238

423,000

Dollar

Tree,

Inc.

4.00%

05/15/2025

409,671

115,000

DTE

Energy

Co.

4.22%

(b)

11/01/2024

112,476

80,000

Duke

Energy

Carolinas

LLC

3.55%

03/15/2052

61,103

60,000

Duke

Energy

Corp.

4.30%

03/15/2028

57,682

85,000

Dun

&

Bradstreet

Corp.

(The)

5.00%

(a)

12/15/2029

75,038

200,000

Elevance

Health,

Inc.

2.38%

01/15/2025

190,210

70,000

Elevance

Health,

Inc.

4.55%

05/15/2052

62,613

220,000

Energy

Transfer

LP

4.75%

01/15/2026

215,159

90,000

Entergy

Louisiana

LLC

4.75%

09/15/2052

82,726

40,000

EQM

Midstream

Partners

LP

6.50%

(a)

07/01/2027

39,491

230,000

Essential

Utilities,

Inc.

2.70%

04/15/2030

195,040

150,000

Exelon

Corp.

5.15%

03/15/2028

149,403

90,000

Exelon

Corp.

4.10%

03/15/2052

72,711

205,000

Expedia

Group,

Inc.

5.00%

02/15/2026

202,220

245,000

Expedia

Group,

Inc.

3.25%

02/15/2030

213,427

|

June

30,

2023

9

(Unaudited)

June

30,

2023

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

75,000

Ferrellgas

LP

5.38%

(a)

04/01/2026

69,826

35,000

Fertitta

Entertainment

LLC

6.75%

(a)

01/15/2030

29,821

50,000

Fortrea

Holdings,

Inc.

7.50%

(a)

07/01/2030

51,261

60,000

Frontier

Communications

Holdings

LLC

5.88%

(a)

10/15/2027

55,125

250,000

General

Motors

Financial

Co.,

Inc.

2.40%

10/15/2028

211,845

115,000

Global

Payments,

Inc.

4.95%

08/15/2027

112,142

425,000

Goldman

Sachs

Group,

Inc.

(The)

(Secured

Overnight

Financing

Rate

+

0.82%)

5.88%

09/10/2027

418,074

45,000

Griffon

Corp.

5.75%

03/01/2028

42,134

40,000

Gulfport

Energy

Corp.

8.00%

(a)

05/17/2026

40,232

225,000

HCA,

Inc.

4.13%

06/15/2029

208,328

90,000

Hess

Midstream

Operations

LP

5.50%

(a)

10/15/2030

83,355

105,000

Hewlett

Packard

Enterprise

Co.

5.90%

10/01/2024

105,071

115,000

Hilcorp

Energy

I

LP

5.75%

(a)

02/01/2029

104,245

235,000

Host

Hotels

&

Resorts

LP

3.50%

09/15/2030

199,374

160,000

Hyundai

Capital

America

5.68%

(a)

06/26/2028

158,805

270,000

Invitation

Homes

Operating

Partnership

LP

2.70%

01/15/2034

204,781

90,000

Iron

Mountain,

Inc.

7.00%

(a)

02/15/2029

90,249

75,000

JPMorgan

Chase

&

Co.

(Secured

Overnight

Financing

Rate

+

1.99%)

4.85%

07/25/2028

74,042

505,000

JPMorgan

Chase

&

Co.

(Secured

Overnight

Financing

Rate

+

1.26%)

2.96%

01/25/2033

425,587

200,000

Kinder

Morgan

Energy

Partners

LP

6.95%

01/15/2038

215,056

60,000

Lowe's

Cos.,

Inc.

5.63%

04/15/2053

60,012

55,000

Madison

IAQ

LLC

4.13%

(a)

06/30/2028

48,479

110,000

Madison

IAQ

LLC

5.88%

(a)

06/30/2029

89,228

220,000

Marriott

International,

Inc.

3.13%

06/15/2026

206,718

225,000

McDonald's

Corp.

3.60%

07/01/2030

209,528

55,000

McGraw-Hill

Education,

Inc.

5.75%

(a)

08/01/2028

47,719

165,000

Medline

Borrower

LP

5.25%

(a)

10/01/2029

143,340

250,000

Meta

Platforms,

Inc.

4.45%

08/15/2052

217,550

40,000

Metis

Merger

Sub

LLC

6.50%

(a)

05/15/2029

34,551

205,000

MetLife,

Inc.

5.25%

01/15/2054

198,611

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

60,000

Michaels

Cos.,

Inc.

(The)

5.25%

(a)

05/01/2028

48,538

155,000

Midwest

Gaming

Borrower

LLC

4.88%

(a)

05/01/2029

137,012

105,000

ModivCare

Escrow

Issuer,

Inc.

5.00%

(a)

10/01/2029

77,799

296,000

Monongahela

Power

Co.

5.40%

(a)

12/15/2043

287,502

400,000

Morgan

Stanley

(Secured

Overnight

Financing

Rate

+

1.36%)

2.48%

09/16/2036

303,668

50,000

Nationstar

Mortgage

Holdings,

Inc.

5.75%

(a)

11/15/2031

41,125

100,000

NCL

Corp.

Ltd.

8.38%

(a)

02/01/2028

104,584

220,000

NetApp,

Inc.

1.88%

06/22/2025

204,521

90,000

Netflix,

Inc.

4.88%

04/15/2028

89,094

160,000

NGL

Energy

Operating

LLC

7.50%

(a)

02/01/2026

157,747

50,000

NRG

Energy,

Inc.

3.63%

(a)

02/15/2031

39,078

80,000

NuStar

Logistics

LP

6.00%

06/01/2026

78,001

40,000

OneMain

Finance

Corp.

6.88%

03/15/2025

39,642

20,000

Oracle

Corp.

6.25%

11/09/2032

21,238

35,000

Oracle

Corp.

3.80%

11/15/2037

28,637

240,000

Oracle

Corp.

3.60%

04/01/2050

171,634

125,000

Owens

&

Minor,

Inc.

6.63%

(a)

04/01/2030

113,529

200,000

Owens

Corning

4.40%

01/30/2048

165,500

265,000

Pacific

Gas

and

Electric

Co.

2.50%

02/01/2031

207,673

240,000

Packaging

Corp.

of

America

3.00%

12/15/2029

209,406

60,000

Pactiv

Evergreen

Group

Issuer

LLC

4.38%

(a)

10/15/2028

52,021

80,000

Park

Intermediate

Holdings

LLC

4.88%

(a)

05/15/2029

69,022

120,000

Parker-Hannifin

Corp.

4.25%

09/15/2027

116,450

90,000

Penn

Entertainment,

Inc.

5.63%

(a)

01/15/2027

84,263

163,000

Penske

Truck

Leasing

Co.

LP

4.20%

(a)

04/01/2027

152,700

50,000

Penske

Truck

Leasing

Co.

LP

4.40%

(a)

07/01/2027

47,233

100,000

Performance

Food

Group,

Inc.

5.50%

(a)

10/15/2027

96,498

210,000

Philip

Morris

International,

Inc.

5.13%

02/15/2030

207,824

80,000

Phillips

66

Co.

4.95%

12/01/2027

79,348

55,000

Pike

Corp.

5.50%

(a)

09/01/2028

49,434

50,000

Post

Holdings,

Inc.

5.50%

(a)

12/15/2029

46,201

85,000

Qorvo

,

Inc.

1.75%

(a)

12/15/2024

79,125

240,000

Quanta

Services,

Inc.

2.35%

01/15/2032

189,036

185,000

Raytheon

Technologies

Corp.

3.03%

03/15/2052

130,249

30,000

Realogy

Group

LLC

5.75%

(a)

01/15/2029

22,480

115,000

Realty

Income

Corp.

5.05%

01/13/2026

114,064

10

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Cont.)

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

115,000

Regal

Rexnord

Corp.

6.05%

(a)

02/15/2026

115,212

80,000

Roller

Bearing

Co.

of

America,

Inc.

4.38%

(a)

10/15/2029

71,773

100,000

Royal

Caribbean

Cruises

Ltd.

7.25%

(a)

01/15/2030

101,374

310,000

Royalty

Pharma

plc

3.30%

09/02/2040

220,927

110,000

Ryder

System,

Inc.

5.65%

03/01/2028

110,165

200,000

Sabine

Pass

Liquefaction

LLC

5.00%

03/15/2027

196,981

55,000

San

Diego

Gas

&

Electric

Co.

5.35%

04/01/2053

54,610

245,000

Santander

Holdings

USA,

Inc.

(Secured

Overnight

Financing

Rate

+

1.25%)

2.49%

01/06/2028

211,827

110,000

Scientific

Games

Holdings

LP

6.63%

(a)

03/01/2030

96,902

50,000

Scientific

Games

International,

Inc.

7.25%

(a)

11/15/2029

50,107

45,000

Scripps

Escrow

II,

Inc.

3.88%

(a)

01/15/2029

36,379

75,000

Sirius

XM

Radio,

Inc.

5.50%

(a)

07/01/2029

67,725

351,000

Smithfield

Foods,

Inc.

4.25%

(a)

02/01/2027

323,674

250,000

Southern

Co.

(The)

(US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

5

Year

+

2.92%)

3.75%

09/15/2051

213,375

30,000

SRS

Distribution,

Inc.

6.13%

(a)

07/01/2029

25,948

60,000

Staples,

Inc.

7.50%

(a)

04/15/2026

49,636

95,000

Suburban

Propane

Partners

LP

5.00%

(a)

06/01/2031

79,673

230,000

Synchrony

Financial

2.88%

10/28/2031

167,448

195,000

Sysco

Corp.

5.95%

04/01/2030

204,261

15,000

Tenet

Healthcare

Corp.

6.25%

02/01/2027

14,863

40,000

Tenet

Healthcare

Corp.

6.13%

06/15/2030

39,478

55,000

Townsquare

Media,

Inc.

6.88%

(a)

02/01/2026

52,646

85,000

TransDigm

,

Inc.

5.50%

11/15/2027

80,271

85,313

Transocean

Poseidon

Ltd.

6.88%

(a)

02/01/2027

84,265

75,000

Trident

TPI

Holdings,

Inc.

12.75%

(a)

12/31/2028

77,869

115,000

Truist

Financial

Corp.

(Secured

Overnight

Financing

Rate

+

1.44%)

4.87%

01/26/2029

110,609

50,000

United

Airlines,

Inc.

4.63%

(a)

04/15/2029

45,603

170,000

UnitedHealth

Group,

Inc.

5.05%

04/15/2053

169,100

55,000

UnitedHealth

Group,

Inc.

4.95%

05/15/2062

52,956

130,000

Univision

Communications,

Inc.

7.38%

(a)

06/30/2030

123,892

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

75,000

US

Foods,

Inc.

4.75%

(a)

02/15/2029

68,740

50,000

Venture

Global

LNG,

Inc.

8.13%

(a)

06/01/2028

50,838

35,000

Venture

Global

LNG,

Inc.

8.38%

(a)

06/01/2031

35,333

205,000

Verizon

Communications,

Inc.

(3

Month

LIBOR

USD

+

1.10%)

6.42%

05/15/2025

206,762

100,000

Verizon

Communications,

Inc.

3.88%

03/01/2052

78,950

50,000

Victoria's

Secret

&

Co.

4.63%

(a)

07/15/2029

36,589

135,000

Viking

Cruises

Ltd.

5.88%

(a)

09/15/2027

124,237

145,000

Viking

Cruises

Ltd.

9.13%

(a)

07/15/2031

146,592

195,000

Warnermedia

Holdings,

Inc.

3.76%

03/15/2027

181,967

175,000

WASH

Multifamily

Acquisition,

Inc.

5.75%

(a)

04/15/2026

163,570

80,000

Weatherford

International

Ltd.

8.63%

(a)

04/30/2030

81,294

100,000

Wells

Fargo

&

Co.

(Secured

Overnight

Financing

Rate

+

1.98%)

4.81%

07/25/2028

97,830

250,000

Wells

Fargo

&

Co.

4.65%

11/04/2044

212,372

245,000

Welltower

OP

LLC

2.05%

01/15/2029

203,963

220,000

Willis

North

America,

Inc.

4.50%

09/15/2028

210,052

225,000

Workday,

Inc.

3.70%

04/01/2029

208,774

60,000

WR

Grace

Holdings

LLC

5.63%

(a)

08/15/2029

49,215

225,000

WRKCo

,

Inc.

3.75%

03/15/2025

216,599

235,000

XHR

LP

4.88%

(a)

06/01/2029

201,724

Total

US

Corporate

Bonds

(Cost

$25,062,817)

24,402,863

US

GOVERNMENT

AND

AGENCY

MORTGAGE

BACKED

OBLIGATIONS

16.1%

FHLMC

UMBS

,

2,608,860

Pool

RA7673

4.50%

07/01/2052

2,511,546

1,413,909

Pool

RA7930

4.50%

09/01/2052

1,361,057

2,437,693

Pool

SD2263

4.00%

12/01/2052

2,289,462

2,942,511

Pool

SD2434

3.00%

08/01/2052

2,598,730

943,778

Pool

SD8221

3.50%

06/01/2052

860,918

FNMA

UMBS

,

3,372,619

Pool

CA8256

2.50%

12/01/2050

2,872,620

1,900,942

Pool

CB4573

5.00%

09/01/2052

1,867,407

2,072,254

Pool

FS1472

3.50%

11/01/2050

1,910,608

2,921,404

Pool

FS3708

5.00%

01/01/2053

2,871,014

2,811,643

Pool

MA4600

3.50%

05/01/2052

2,564,433

1,904,353

Pool

MA4624

3.00%

06/01/2052

1,679,072

592,711

Pool

MA4655

4.00%

07/01/2052

556,915

GNMA

,

924,692

Pool

786227

3.00%

04/20/2052

822,343

Total

US

Government

and

Agency

Mortgage

Backed

Obligations

(Cost

$25,482,019)

24,766,125

US

GOVERNMENT

AND

AGENCY

OBLIGATIONS

26.7%

3,400,000

U.S.

Treasury

Bonds

3.88%

05/15/2043

3,318,188

21,000,000

U.S.

Treasury

Bonds

3.63%

05/15/2053

20,186,250

|

June

30,

2023

11

(Unaudited)

June

30,

2023

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

2,000,000

U.S.

Treasury

Notes

3.50%

04/30/2028

1,943,672

16,300,000

U.S.

Treasury

Notes

3.38%

05/15/2033

15,721,859

Total

US

Government

and

Agency

Obligations

(Cost

$41,809,157)

41,169,969

SHORT

TERM

INVESTMENTS

1.4%

1,049,969

JPMorgan

U.S.

Government

Money

Market

Fund

-

Class

IM

5.04%

(f)

1,049,969

1,049,969

Morgan

Stanley

Institutional

Liquidity

Funds

Government

Portfolio

-

Institutional

Share

Class

5.02%

(f)

1,049,969

Total

Short

Term

Investments

(Cost

$2,099,938)

2,099,938

Total

Investments

100.3%

(Cost

$157,819,944)

154,691,609

Liabilities

in

Excess

of

Other

Assets

(0.3)%

(528,843)

NET

ASSETS

100.0%

$154,162,766

INVESTMENT

BREAKDOWN

as

a

%

of

Net

Assets:

US

Government

and

Agency

Obligations

26.7%

US

Government

and

Agency

Mortgage

Backed

Obligations

16.1%

Non-Agency

Residential

Collateralized

Mortgage

Obligations

12.4%

Asset

Backed

Obligations

8.1%

Non-Agency

Commercial

Mortgage

Backed

Obligations

5.5%

Banking

4.6%

Collateralized

Loan

Obligations

3.9%

Electric

1.5%

Midstream

1.4%

Short

Term

Investments

1.4%

Technology

1.3%

Food

and

Beverage

1.1%

Healthcare

0.8%

Consumer

Cyclical

Services

0.6%

Pharmaceuticals

0.6%

Wirelines

0.6%

Transportation

Services

0.6%

Retailers

0.6%

Cable

Satellite

0.5%

Media

Entertainment

0.5%

Independent

0.5%

Chemicals

0.5%

Government

Owned,

No

Guarantee

0.4%

Finance

Companies

0.4%

Building

Materials

0.4%

Leisure

0.4%

Life

0.4%

Aerospace

&

Defense

0.4%

Hotels,

Restaurants

&

Leisure

0.4%

Diversified

Manufacturing

0.4%

Gaming

0.4%

Wireless

0.3%

Health

Insurance

0.3%

Oil

Field

Services

0.3%

Other

REITs

0.3%

Paper

0.3%

Integrated

0.3%

INVESTMENT

BREAKDOWN

as

a

%

of

Net

Assets:

(Cont.)

Specialty

Retail

0.3%

P&C

0.3%

Automotive

0.2%

Local

Authority

0.2%

Metals

and

Mining

0.2%

Software

0.2%

Refining

0.2%

Airlines

0.2%

Entertainment

0.2%

Restaurants

0.2%

Other

Industrial

0.2%

Health

Care

Providers

&

Services

0.1%

Professional

Services

0.1%

Office

REITs

0.1%

Tobacco

0.1%

Lodging

0.1%

Apartment

REITs

0.1%

Healthcare

REITs

0.1%

Health

Care

Equipment

&

Supplies

0.1%

Government

Sponsored

0.1%

Other

Utility

0.1%

Railroads

0.1%

Commercial

Services

&

Supplies

0.1%

Foreign

Government

Bonds,

Foreign

Agencies

and

Foreign

Government

Sponsored

Corporations

0.1%

Media

0.1%

Insurance

0.1%

Packaging

0.1%

Distributors

0.1%

Machinery

0.1%

Building

Products

0.1%

IT

Services

0.1%

Electric

Utilities

0.1%

Retail

REITs

0.1%

Consumer

Finance

0.1%

Automobile

Components

0.1%

Diversified

Consumer

Services

0.1%

Household

Durables

0.1%

Natural

Gas

0.1%

Financial

Services

0.0%

(g)

Consumer

Products

0.0%

(g)

Other

Financial

0.0%

(g)

Containers

&

Packaging

0.0%

(g)

Brokerage,

Asset

Managers

&

Exchanges

0.0%

(g)

Other

Assets

and

Liabilities

(0.3)%

100.0%

12

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Opportunistic

Bond

ETF

(Cont.)

(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)

Perpetual

maturity.

The

date

disclosed

is

the

next

call

date

of

the

security.

(d)

Coupon

rate

is

variable

or

floats

based

on

components

including

but

not

limited

to

reference

rate

and

spread.

These

securities

may

not

indicate

a

reference

rate

and/or

spread

in

their

description.

The

rate

disclosed

is

as

of

period

end.

(e)

Interest

only

security

(f)

Seven-day

yield

as

of

period

end

(g)

Represents

less

than

0.05%

of

net

assets

Abbreviations:

FHLMC

Federal

Home

Loan

Mortgage

Corporation

FNMA

Federal

National

Mortgage

Association

GNMA

Government

National

Mortgage

Association

LIBOR

London

Interbank

Offered

Rate

UMBS

Uniform

Mortgage

Backed

Securities

Schedule

of

Investments

DoubleLine

Shiller

CAPE

®

U.S.

Equities

ETF

(Unaudited)

June

30,

2023

|

June

30,

2023

13

SHARES

SECURITY

DESCRIPTION

VALUE

$

COMMON

STOCKS

99.6%

AUTOMOBILE

COMPONENTS

0.3%

5,988

Aptiv

plc

(a)

611,315

5,221

BorgWarner,

Inc.

255,359

866,674

AUTOMOBILES

5.9%

86,343

Ford

Motor

Co.

1,306,370

30,552

General

Motors

Co.

1,178,085

52,437

Tesla,

Inc.

(a)

13,726,433

16,210,888

BANKS

5.9%

100,653

Bank

of

America

Corp.

2,887,735

28,305

Citigroup,

Inc.

1,303,162

7,035

Citizens

Financial

Group,

Inc.

183,473

1,877

Comerica,

Inc.

79,510

9,890

Fifth

Third

Bancorp

259,217

20,896

Huntington

Bancshares,

Inc.

225,259

42,441

JPMorgan

Chase

&

Co.

6,172,619

13,677

KeyCorp

126,375

2,346

M&T

Bank

Corp.

290,341

5,753

PNC

Financial

Services

Group,

Inc.

(The)

724,590

13,681

Regions

Financial

Corp.

243,795

19,309

Truist

Financial

Corp.

586,028

20,245

US

Bancorp

668,895

54,441

Wells

Fargo

&

Co.

2,323,542

2,106

Zions

Bancorp

NA

56,567

16,131,108

BROADLINE

RETAIL

6.2%

124,502

Amazon.com,

Inc.

(a)

16,230,081

11,758

eBay,

Inc.

525,465

2,662

Etsy,

Inc.

(a)

225,232

16,980,778

CAPITAL

MARKETS

5.2%

1,565

Ameriprise

Financial,

Inc.

519,830

10,448

Bank

of

New

York

Mellon

Corp.

(The)

465,145

2,147

BlackRock,

Inc.

1,483,878

1,601

Cboe

Global

Markets,

Inc.

220,954

21,495

Charles

Schwab

Corp.

(The)

1,218,337

5,186

CME

Group,

Inc.

960,914

551

FactSet

Research

Systems,

Inc.

220,758

4,116

Franklin

Resources,

Inc.

109,938

4,863

Goldman

Sachs

Group,

Inc.

(The)

1,568,512

8,162

Intercontinental

Exchange,

Inc.

922,959

6,568

Invesco

Ltd.

110,408

541

MarketAxess

Holdings,

Inc.

141,428

2,317

Moody's

Corp.

805,667

18,939

Morgan

Stanley

1,617,391

1,180

MSCI,

Inc.

-

Class

A

553,762

4,860

Nasdaq,

Inc.

242,271

3,004

Northern

Trust

Corp.

222,717

2,758

Raymond

James

Financial,

Inc.

286,198

4,764

S&P

Global,

Inc.

1,909,840

4,894

State

Street

Corp.

358,143

3,221

T

Rowe

Price

Group,

Inc.

360,816

14,299,866

CHEMICALS

17.2%

16,464

Air

Products

and

Chemicals,

Inc.

4,931,462

8,658

Albemarle

Corp.

1,931,513

7,450

Celanese

Corp.

-

Class

A

862,710

14,539

CF

Industries

Holdings,

Inc.

1,009,297

52,871

Corteva,

Inc.

3,029,508

SHARES

SECURITY

DESCRIPTION

VALUE

$

52,447

Dow,

Inc.

2,793,327

34,084

DuPont

de

Nemours,

Inc.

2,434,961

8,840

Eastman

Chemical

Co.

740,085

18,440

Ecolab,

Inc.

3,442,564

9,292

FMC

Corp.

969,527

18,957

International

Flavors

&

Fragrances,

Inc.

1,508,788

36,448

Linde

plc

13,889,604

18,855

LyondellBasell

Industries

NV

-

Class

A

1,731,455

24,675

Mosaic

Co.

(The)

863,625

17,503

PPG

Industries,

Inc.

2,595,695

17,439

Sherwin-Williams

Co.

(The)

4,630,403

47,364,524

CONSTRUCTION

MATERIALS

1.6%

4,633

Martin

Marietta

Materials,

Inc.

2,139,010

9,864

Vulcan

Materials

Co.

2,223,740

4,362,750

CONSUMER

FINANCE

1.0%

8,619

American

Express

Co.

1,501,430

5,546

Capital

One

Financial

Corp.

606,566

3,713

Discover

Financial

Services

433,864

6,253

Synchrony

Financial

212,102

2,753,962

CONTAINERS

&

PACKAGING

2.2%

109,180

Amcor

plc

1,089,616

6,015

Avery

Dennison

Corp.

1,033,377

23,317

Ball

Corp.

1,357,283

25,722

International

Paper

Co.

818,217

6,621

Packaging

Corp.

of

America

875,031

10,746

Sealed

Air

Corp.

429,840

19,024

Westrock

Co.

553,028

6,156,392

DISTRIBUTORS

0.4%

3,066

Genuine

Parts

Co.

518,859

5,571

LKQ

Corp.

324,622

863

Pool

Corp.

323,315

1,166,796

DIVERSIFIED

TELECOMMUNICATION

SERVICES

2.2%

182,741

AT&T,

Inc.

2,914,719

82,060

Verizon

Communications,

Inc.

3,051,811

5,966,530

ENTERTAINMENT

5.8%

36,183

Activision

Blizzard,

Inc.

(a)

3,050,227

18,334

Electronic

Arts,

Inc.

2,377,920

10,086

Live

Nation

Entertainment,

Inc.

(a)

918,935

6,946

Netflix,

Inc.

(a)

3,059,643

11,067

Take-Two

Interactive

Software,

Inc.

(a)

1,628,620

31,814

Walt

Disney

Co.

(The)

(a)

2,840,354

156,620

Warner

Bros

Discovery,

Inc.

(a)

1,964,015

15,839,714

FINANCIAL

SERVICES

8.3%

25,958

Berkshire

Hathaway,

Inc.

-

Class

B

(a)

8,851,678

8,560

Fidelity

National

Information

Services,

Inc.

468,232

8,961

Fiserv,

Inc.

(a)

1,130,430

1,050

FleetCor

Technologies,

Inc.

(a)

263,634

3,746

Global

Payments,

Inc.

369,056

1,026

Jack

Henry

&

Associates,

Inc.

171,681

12,190

Mastercard,

Inc.

-

Class

A

4,794,327

16,203

PayPal

Holdings,

Inc.

(a)

1,081,226

14

DoubleLine

ETF

Trust

Schedule

of

Investments

DoubleLine

Shiller

CAPE

®

U.S.

Equities

ETF

(Cont.)

SHARES

SECURITY

DESCRIPTION

VALUE

$

23,540

Visa,

Inc.

-

Class

A

5,590,279

22,720,543

HOTELS,

RESTAURANTS

&

LEISURE

5.5%

796

Booking

Holdings,

Inc.

(a)

2,149,463

4,697

Caesars

Entertainment,

Inc.

(a)

239,406

21,731

Carnival

Corp.

(a)

409,195

626

Chipotle

Mexican

Grill,

Inc.

-

Class

A

(a)

1,339,014

2,719

Darden

Restaurants,

Inc.

454,290

747

Domino's

Pizza,

Inc.

251,732

3,132

Expedia

Group,

Inc.

(a)

342,609

5,774

Hilton

Worldwide

Holdings,

Inc.

840,406

7,202

Las

Vegas

Sands

Corp.

(a)

417,716

5,693

Marriott

International,

Inc.

-

Class

A

1,045,747

10,428

McDonald's

Corp.

3,111,819

6,570

MGM

Resorts

International

288,554

9,227

Norwegian

Cruise

Line

Holdings

Ltd.

(a)

200,872

4,834

Royal

Caribbean

Cruises

Ltd.

(a)

501,479

25,148

Starbucks

Corp.

2,491,161

2,280

Wynn

Resorts

Ltd.

240,791

6,154

Yum!

Brands,

Inc.

852,637

15,176,891

HOUSEHOLD

DURABLES

1.2%

6,905

DR

Horton,

Inc.

840,269

3,364

Garmin

Ltd.

350,832

5,582

Lennar

Corp.

-

Class

A

699,480

1,177

Mohawk

Industries,

Inc.

(a)

121,419

8,320

Newell

Brands,

Inc.

72,384

98

NVR,

Inc.

(a)

622,361

4,854

PulteGroup,

Inc.

377,059

1,234

Whirlpool

Corp.

183,607

3,267,411

INSURANCE

4.0%

8,057

Aflac,

Inc.

562,379

3,749

Allstate

Corp.

(The)

408,791

10,568

American

International

Group,

Inc.

608,083

2,910

Aon

plc

-

Class

A

1,004,532

5,441

Arch

Capital

Group

Ltd.

(a)

407,259

3,129

Arthur

J

Gallagher

&

Co.

687,034

736

Assurant,

Inc.

92,530

3,449

Brown

&

Brown,

Inc.

237,429

6,041

Chubb

Ltd.

1,163,255

2,302

Cincinnati

Financial

Corp.

224,031

652

Everest

Re

Group

Ltd.

222,893

1,237

Globe

Life,

Inc.

135,600

4,515

Hartford

Financial

Services

Group,

Inc.

(The)

325,170

2,231

Lincoln

National

Corp.

57,470

2,710

Loews

Corp.

160,920

7,143

Marsh

&

McLennan

Cos.,

Inc.

1,343,455

9,367

MetLife,

Inc.

529,516

3,233

Principal

Financial

Group,

Inc.

245,191

8,521

Progressive

Corp.

(The)

1,127,925

5,281

Prudential

Financial,

Inc.

465,890

3,348

Travelers

Cos.,

Inc.

(The)

581,414

2,961

W

R

Berkley

Corp.

176,357

1,481

Willis

Towers

Watson

plc

348,775

11,115,899

INTERACTIVE

MEDIA

&

SERVICES

11.5%

65,529

Alphabet,

Inc.

-

Class

A

(a)

7,843,821

56,307

Alphabet,

Inc.

-

Class

C

(a)

6,811,458

SHARES

SECURITY

DESCRIPTION

VALUE

$

19,505

Match

Group,

Inc.

(a)

816,284

56,405

Meta

Platforms,

Inc.

-

Class

A

(a)

16,187,107

31,658,670

LEISURE

PRODUCTS

0.1%

2,881

Hasbro,

Inc.

186,602

MEDIA

3.7%

7,174

Charter

Communications,

Inc.

-

Class

A

(a)

2,635,512

72,541

Comcast

Corp.

-

Class

A

3,014,079

18,913

Fox

Corp.

-

Class

A

643,042

9,603

Fox

Corp.

-

Class

B

306,240

27,097

Interpublic

Group

of

Cos.,

Inc.

(The)

1,045,402

26,791

News

Corp.

-

Class

A

522,424

8,296

News

Corp.

-

Class

B

163,597

13,951

Omnicom

Group,

Inc.

1,327,438

35,659

Paramount

Global

-

Class

B

567,335

10,225,069

METALS

&

MINING

4.1%

106,544

Freeport-McMoRan,

Inc.

4,261,760

59,158

Newmont

Corp.

2,523,680

18,726

Nucor

Corp.

3,070,690

12,010

Steel

Dynamics,

Inc.

1,308,249

11,164,379

SPECIALTY

RETAIL

4.9%

1,260

Advance

Auto

Parts,

Inc.

88,578

463

AutoZone,

Inc.

(a)

1,154,426

5,020

Bath

&

Body

Works,

Inc.

188,250

4,313

Best

Buy

Co.,

Inc.

353,450

3,550

CarMax,

Inc.

(a)

297,135

9,987

Home

Depot,

Inc.

(The)

3,102,362

13,074

Lowe's

Cos.,

Inc.

2,950,802

1,305

O'Reilly

Automotive,

Inc.

(a)

1,246,667

7,501

Ross

Stores,

Inc.

841,087

25,336

TJX

Cos.,

Inc.

(The)

2,148,239

2,354

Tractor

Supply

Co.

520,469

1,086

Ulta

Beauty,

Inc.

(a)

511,066

13,402,531

TEXTILES,

APPAREL

&

LUXURY

GOODS

1.3%

27,124

NIKE,

Inc.

-

Class

B

2,993,676

933

Ralph

Lauren

Corp.

-

Class

A

115,039

5,127

Tapestry,

Inc.

219,436

7,235

VF

Corp.

138,116

3,466,267

WIRELESS

TELECOMMUNICATION

SERVICES

1.1%

22,171

T-Mobile

US,

Inc.

(a)

3,079,552

Total

Common

Stocks

(Cost

$261,472,359)

273,563,796

SHORT

TERM

INVESTMENTS

0.4%

609,266

JPMorgan

U.S.

Government

Money

Market

Fund

-

Class

IM

5.04%

(b)

609,266

609,266

Morgan

Stanley

Institutional

Liquidity

Funds

Government

Portfolio

-

Institutional

Share

Class

5.02%

(b)

609,266

Total

Short

Term

Investments

(Cost

$1,218,532)

1,218,532

Total

Investments

100.0%

(Cost

$262,690,891)

274,782,328

Other

Assets

in

Excess

of

Liabilities

0.0%

(c)

23,192

NET

ASSETS

100.0%

$274,805,520

|

June

30,

2023

15

(Unaudited)

June

30,

2023

(a)

Non-income

producing

security

(b)

Seven-day

yield

as

of

period

end

(c)

Represents

less

than

0.05%

of

net

assets.

Schedule

of

Investments

DoubleLine

Commercial

Real

Estate

ETF

(Unaudited)

June

30,

2023

16

DoubleLine

ETF

Trust

P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

ASSET

BACKED

OBLIGATIONS

7.9%

AREIT

Trust

,

465,085

Series

2021-CRE5-A

(1

Month

LIBOR

USD

+

1.08%,

1.08%

Floor)

6.24%

(a)

11/17/2038

455,931

CLNC

Ltd.

,

22,437

Series

2019-FL1-A

(CME

Term

SOFR

1

Month

+

1.36%,

1.25%

Floor)

6.46%

(a)

08/20/2035

22,261

HERA

Commercial

Mortgage

Ltd.

,

172,761

Series

2021-FL1-A

(1

Month

LIBOR

USD

+

1.05%,

1.05%

Floor)

6.21%

(a)

02/18/2038

167,050

LoanCore

Issuer

Ltd.

,

180,778

Series

2021-CRE4-A

(Secured

Overnight

Financing

Rate

30

Day

Average

+

0.91%,

0.91%

Floor)

5.98%

(a)

07/15/2035

180,336

Ready

Capital

Mortgage

Financing

LLC

,

421,488

Series

2021-FL5-A

(1

Month

LIBOR

USD

+

1.00%,

1.00%

Floor)

6.15%

(a)

04/25/2038

413,646

449,766

Series

2021-FL7-A

(1

Month

LIBOR

USD

+

1.20%,

1.20%

Floor)

6.35%

(a)

11/25/2036

440,160

STWD

Ltd.

,

481,994

Series

2019-FL1-A

(CME

Term

SOFR

1

Month

+

1.19%,

1.08%

Floor)

6.30%

(a)

07/15/2038

477,901

Total

Asset

Backed

Obligations

(Cost

$2,135,874)

2,157,285

COLLATERALIZED

LOAN

OBLIGATIONS

12.4%

Arbor

Realty

Commercial

Real

Estate

Notes

Ltd.

,

230,000

Series

2021-FL3-A

(1

Month

LIBOR

USD

+

1.07%,

1.07%

Floor)

6.26%

(a)

08/15/2034

225,042

BSPRT

Issuer

Ltd.

,

325,000

Series

2021-FL6-A

(1

Month

LIBOR

USD

+

1.10%,

1.10%

Floor)

6.29%

(a)

03/15/2036

319,242

CHCP

Ltd.

,

539,937

Series

2021-FL1-A

(CME

Term

SOFR

1

Month

+

1.16%,

1.05%

Floor)

6.27%

(a)

02/15/2038

530,864

FS

Rialto

,

491,711

Series

2021-FL2-A

(CME

Term

SOFR

1

Month

+

1.33%,

1.33%

Floor)

6.44%

(a)

05/16/2038

480,687

500,000

Series

2021-FL3-A

(1

Month

LIBOR

USD

+

1.25%,

1.25%

Floor)

6.41%

(a)

11/16/2036

485,589

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

Greystone

CRE

Notes

Ltd.

,

500,000

Series

2021-FL3-A

(CME

Term

SOFR

1

Month

+

1.13%,

1.02%

Floor)

6.28%

(a)

07/15/2039

489,938

KREF

Ltd.

,

390,000

Series

2021-FL2-A

(1

Month

LIBOR

USD

+

1.07%,

1.07%

Floor)

6.23%

(a)

02/15/2039

377,965

LFT

CRE

Ltd.

,

230,000

Series

2021-FL1-A

(1

Month

LIBOR

USD

+

1.17%,

1.17%

Floor)

6.36%

(a)

06/15/2039

225,845

MF1

Ltd.

,

250,000

Series

2021-FL6-A

(CME

Term

SOFR

1

Month

+

1.21%,

1.21%

Floor)

6.32%

(a)

07/16/2036

245,620

Total

Collateralized

Loan

Obligations

(Cost

$3,350,716)

3,380,792

NON-AGENCY

COMMERCIAL

MORTGAGE

BACKED

OBLIGATIONS

63.3%

3650R

Commercial

Mortgage

Trust

,

517,011

Series

2021-PF1-A1

1.12%

11/15/2054

472,455

BAMLL

Commercial

Mortgage

Securities

Trust

,

500,000

Series

2018-DSNY-A

(1

Month

LIBOR

USD

+

0.85%,

0.85%

Floor)

6.04%

(a)

09/15/2034

496,922

BANK

,

644,633

Series

2019-BN22-A1

2.08%

11/15/2062

626,445

156,137

Series

2023-BNK45-A1

5.43%

02/15/2056

155,392

BANK5

,

110,000

Series

2023-5YR2-A1

5.83%

03/15/2028

110,132

BBCMS

Mortgage

Trust

,

149,356

Series

2017-C1-ASB

3.49%

02/15/2050

141,919

244,086

Series

2023-C19-A1

5.70%

04/15/2056

240,056

Benchmark

Mortgage

Trust

,

12,985,906

Series

2019-B14-XA

0.90%

(b)(c)

12/15/2062

384,870

251,599

Series

2020-B16-A1

1.93%

02/15/2053

249,046

212,284

Series

2020-B21-A1

0.54%

12/17/2053

200,148

491,074

Series

2023-V2-A1

5.85%

05/15/2055

486,424

14,101,272

Series

2023-V2-XA

1.22%

(b)(c)

05/15/2055

578,767

BX

Commercial

Mortgage

Trust

,

500,924

Series

2020-VKNG-A

(CME

Term

SOFR

1

Month

+

1.04%,

0.93%

Floor)

6.19%

(a)

10/15/2037

495,052

Citigroup

Commercial

Mortgage

Trust

,

999,938

Series

2015-P1-A4

3.46%

09/15/2048

959,362

111,044

Series

2020-GC46-A1

1.85%

02/15/2053

106,326

Commercial

Mortgage

Trust

,

1,000,000

Series

2013-LC13-AM

4.56%

(a)(b)

08/10/2046

995,514

700,000

Series

2014-CR17-A4

3.70%

05/10/2047

687,301

520,000

Series

2014-CR18-AM

4.10%

07/15/2047

501,891

|

June

30,

2023

17

(Unaudited)

June

30,

2023

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

Credit

Suisse

Mortgage

Capital

Certificates

,

498,759

Series

2019-ICE4-A

(1

Month

LIBOR

USD

+

0.98%,

0.98%

Floor)

6.17%

(a)

05/15/2036

496,431

CSAIL

Commercial

Mortgage

Trust

,

1,031,473

Series

2015-C3-A3

3.45%

08/15/2048

988,832

142,313

Series

2020-C19-A1

1.30%

03/15/2053

135,018

FHLMC

Multifamily

Structured

Pass-Through

Certificates

,

1,050,000

Series

K058-A2

2.65%

08/25/2026

983,427

904,785

Series

K083-A1

3.94%

07/25/2028

887,325

FREMF

Mortgage

Trust

,

300,000

Series

2013-K35-C

4.19%

(a)(b)

12/25/2046

298,413

GS

Mortgage

Securities

Trust

,

366,914

Series

2015-GC34-AAB

3.28%

10/10/2048

352,931

314,181

Series

2020-GC45-A1

2.02%

02/13/2053

305,695

JPMBB

Commercial

Mortgage

Securities

Trust

,

500,000

Series

2014-C18-A5

4.08%

02/15/2047

491,561

660,137

Series

2015-C30-A4

3.55%

07/15/2048

624,963

KKR

Industrial

Portfolio

Trust

,

511,268

Series

2021-KDIP-A

(CME

Term

SOFR

1

Month

+

0.66%,

0.55%

Floor)

5.81%

(a)

12/15/2037

502,681

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

,

618,560

Series

2013-C10-AS

4.20%

(b)

07/15/2046

602,014

1,130,265

Series

2014-C19-A3

3.25%

12/15/2047

1,087,577

Wells

Fargo

Commercial

Mortgage

Trust

,

600,000

Series

2015-LC20-A3

3.09%

04/15/2050

580,599

WFRBS

Commercial

Mortgage

Trust

,

227,631

Series

2013-C14-AS

3.49%

06/15/2046

214,351

749,045

Series

2013-C16-A5

4.42%

09/15/2046

746,385

Total

Non-Agency

Commercial

Mortgage

Backed

Obligations

(Cost

$17,239,824)

17,186,225

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

NON-AGENCY

RESIDENTIAL

COLLATERALIZED

MORTGAGE

OBLIGATIONS

1.7%

AREIT

Trust

,

467,021

Series

2022-CRE6-A

(Secured

Overnight

Financing

Rate

30

Day

Average

+

1.25%,

1.25%

Floor)

6.32%

(a)

01/20/2037

456,771

Total

Non-Agency

Residential

Collateralized

Mortgage

Obligations

(Cost

$453,570)

456,771

US

GOVERNMENT

AND

AGENCY

MORTGAGE

BACKED

OBLIGATIONS

10.4%

FNMA

,

1,100,000

Pool

BL0240

3.54%

11/01/2025

1,059,203

690,000

Pool

BL0245

3.43%

11/01/2025

662,720

1,100,000

Pool

BS8040

5.14%

03/01/2028

1,106,745

Total

US

Government

and

Agency

Mortgage

Backed

Obligations

(Cost

$2,870,008)

2,828,668

SHORT

TERM

INVESTMENTS

4.3%

581,297

JPMorgan

U.S.

Government

Money

Market

Fund

-

Class

IM

5.04%

(d)

581,297

581,297

Morgan

Stanley

Institutional

Liquidity

Funds

Government

Portfolio

-

Institutional

Share

Class

5.02%

(d)

581,297

Total

Short

Term

Investments

(Cost

$1,162,594)

1,162,594

Total

Investments

100.0%

(Cost

$27,212,586)

27,172,335

Liabilities

in

Excess

of

Other

Assets

(0.0)%

(e)

(8,687)

NET

ASSETS

100.0%

$27,163,648

(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)

Coupon

rate

is

variable

or

floats

based

on

components

including

but

not

limited

to

reference

rate

and

spread.

These

securities

may

not

indicate

a

reference

rate

and/or

spread

in

their

description.

The

rate

disclosed

is

as

of

period

end.

(c)

Interest

only

security

(d)

Seven-day

yield

as

of

period

end

(e)

Represents

less

than

0.05%

of

net

assets.

Abbreviations:

FHLMC

Federal

Home

Loan

Mortgage

Corporation

FNMA

Federal

National

Mortgage

Association

LIBOR

London

Interbank

Offered

Rate

Schedule

of

Investments

DoubleLine

Mortgage

ETF

(Unaudited)

June

30,

2023

18

DoubleLine

ETF

Trust

P

RINCIPAL

A

MOUNT

$/S

HARES

S

ECURITY

D

ESCRIPTION

R

ATE

M

ATURITY

V

ALUE

$

ASSET

BACKED

OBLIGATIONS

0.9%

AMSR

Trust

,

1,000,000

Series

2023-SFR1-A

4.00%

(a)

04/17/2040

931,223

Total

Asset

Backed

Obligations

(Cost

$952,597)

931,223

NON-AGENCY

RESIDENTIAL

COLLATERALIZED

MORTGAGE

OBLIGATIONS

18.5%

CIM

Trust

,

980,425

Series

2023-R4-A1

5.00%

(a)(b)

05/25/2062

949,776

CSMC

Trust

,

1,029,669

Series

2018-RPL9-A

3.85%

(a)(b)

09/25/2057

966,087

1,118,382

Series

2021-RPL3-A1

2.00%

(a)(b)

01/25/2060

945,217

737,942

Series

2022-RPL4-A1

3.90%

(a)(b)

04/25/2062

678,265

Deephaven

Residential

Mortgage

Trust

,

943,986

Series

2022-2-A1

4.30%

(a)(b)

03/25/2067

878,224

FHLMC

STACR

REMIC

Trust

,

1,000,000

Series

2022-DNA3-

M1B

(Secured

Overnight

Financing

Rate

30

Day

Average

+

2.90%)

7.97%

(a)

04/25/2042

999,599

FHLMC

Structured

Agency

Credit

Risk

Debt

Notes

,

2,000,000

Series

2023-HQA2-

M1A

(Secured

Overnight

Financing

Rate

30

Day

Average

+

2.00%)

7.07%

(a)

06/25/2043

2,008,758

FNMA

REMICS

,

2,378,089

Series

2021-10-CA

2.00%

03/25/2051

1,996,628

2,321,752

Series

2021-88-LA

2.50%

03/25/2050

1,988,377

OBX

Trust

,

969,807

Series

2023-NQM3-A1

5.95%

(a)(c)

02/25/2063

961,748

2,000,000

Series

2023-NQM5-A1A

6.57%

(a)(c)

06/25/2063

2,011,362

Towd

Point

Mortgage

Trust

,

2,147,966

Series

2022-1-A1

3.75%

(a)(b)

07/25/2062

1,989,966

Verus

Securitization

Trust

,

2,000,000

Series

2023-5-A1

6.48%

(a)(c)

06/25/2068

2,006,546

Total

Non-Agency

Residential

Collateralized

Mortgage

Obligations

(Cost

$18,470,054)

18,380,553

PRINCIPAL

AMOUNT

$/SHARES

SECURITY

DESCRIPTION

RATE

MATURITY

VALUE

$

US

GOVERNMENT

AND

AGENCY

MORTGAGE

BACKED

OBLIGATIONS

79.6%

FHLMC

UMBS

,

4,462,168

Pool

RB5166

3.00%

07/01/2042

4,009,628

2,250,000

Pool

SD3139

3.50%

07/01/2052

2,053,329

8,657,479

Pool

SD8199

2.00%

03/01/2052

7,078,012

4,413,321

Pool

SD8222

4.00%

06/01/2052

4,146,791

3,155,473

Pool

SD8288

5.00%

01/01/2053

3,093,766

FNMA

UMBS

,

5,808,399

Pool

CA8256

2.50%

12/01/2050

4,947,290

3,867,759

Pool

CB3514

3.00%

05/01/2052

3,410,222

5,135,052

Pool

CB4794

4.50%

10/01/2052

4,943,239

6,753,930

Pool

FS0984

3.00%

04/01/2052

6,007,064

4,231,462

Pool

FS2040

2.00%

02/01/2052

3,458,404

5,365,854

Pool

FS2141

3.50%

06/01/2052

4,896,827

3,912,512

Pool

FS3885

3.00%

11/01/2051

3,454,684

5,956,335

Pool

FS4764

2.50%

02/01/2052

5,109,543

2,988,158

Pool

FS4828

5.00%

05/01/2053

2,929,663

4,142,686

Pool

MA3357

4.00%

05/01/2048

3,952,281

5,040,724

Pool

MA4492

2.00%

12/01/2051

4,118,616

1,500,591

Pool

MA4512

2.50%

01/01/2052

1,273,645

4,044,706

Pool

MA4733

4.50%

09/01/2052

3,891,847

497,532

Pool

MA5038

5.00%

06/01/2053

487,793

GNMA

,

3,199,058

Pool

786540

3.50%

02/20/2050

3,006,099

3,307,966

Pool

MA5076

3.00%

03/20/2048

2,993,551

Total

US

Government

and

Agency

Mortgage

Backed

Obligations

(Cost

$79,864,284)

79,262,294

SHORT

TERM

INVESTMENTS

31.8%

15,830,404

JPMorgan

U.S.

Government

Money

Market

Fund

-

Class

IM

5.04%

(d)

15,830,404

15,830,404

Morgan

Stanley

Institutional

Liquidity

Funds

Government

Portfolio

-

Institutional

Share

Class

5.02%

(d)

15,830,404

Total

Short

Term

Investments

(Cost

$31,660,808)

31,660,808

Total

Investments

130.8%

(Cost

$130,947,743)

130,234,878

Liabilities

in

Excess

of

Other

Assets

(30.8)%

(30,667,452)

NET

ASSETS

100.0%

$99,567,426

(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)

Coupon

rate

is

variable

or

floats

based

on

components

including

but

not

limited

to

reference

rate

and

spread.

These

securities

may

not

indicate

a

reference

rate

and/or

spread

in

their

description.

The

rate

disclosed

is

as

of

period

end.

(c)

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.

(d)

Seven-day

yield

as

of

period

end

Abbreviations:

FHLMC

Federal

Home

Loan

Mortgage

Corporation

FNMA

Federal

National

Mortgage

Association

GNMA

Government

National

Mortgage

Association

UMBS

Uniform

Mortgage

Backed

Securities

|

June

30,

2023

19

(Unaudited)

June

30,

2023

Futures

Contracts

Description

Long/Short

Contract

Quantity

Expiration

Date

Notional

Amount

(1)

Unrealized

Appreciation

(Depreciation)

/

Value

U.S.

Treasury

Ultra

Bond

Long

8

9/20/23

$

1,089,750

$

(9,518)

U.S.

Treasury

10

Year

Ultra

Bond

Long

18

9/20/23

2,131,875

(18,320)

$(27,838)

(1)

Notional

Amount

is

determined

based

on

the

number

of

contracts

multiplied

by

the

contract

size

and

the

quoted

daily

settlement

price

in

US

dollars.

Notes

to

Schedule

of

Investments

20

DoubleLine

ETF

Trust

(Unaudited)

June

30,

2023

1. Organization

DoubleLine

ETF

Trust,

a

Delaware

statutory

trust

(the

“Trust”),

was

formed

on

September

27,

2021

and

is

registered

with

the

Securities

and

Exchange

Commission

as

an

open-end

management

investment

company.

As

of

June

30,

2023,

the

Trust

consists

of

four series,

DoubleLine

Opportunistic

Bond

ETF,

DoubleLine

Shiller

CAPE

®

U.S.

Equities

ETF,

DoubleLine

Commercial

Real

Estate

ETF

and

DoubleLine

Mortgage

ETF

(each

a

“Fund”

and

collectively

the

“Funds”).

Each

Fund

is

managed

by

DoubleLine

ETF

Adviser

LP

(the

"Adviser"),

which

is

registered

as

an

investment

adviser

with

the

U.S.

Securities

and

Exchange

Commission. Each

Fund

offers

one

class

of

shares. The

DoubleLine

Commercial

Real

Estate

ETF

and

DoubleLine

Mortgage

ETF

commenced

operations

on

March

31,

2023.

The

Funds

are

classified

as

non-diversified

funds under

the

Investment

Company

Act

of

1940,

as

amended

(the

“1940

Act”).

The

Funds'

investment

objectives

and

dates

of

commencement

of

operations

are

as

follows: 

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. 

Fund

Name

Investment

Objective

Commencement

of

Operations

DoubleLine

Opportunistic

Bond

ETF

Maximize

current

income

and

total

return

3/31/2022

DoubleLine

Shiller

Cape

U.S.

Equities

ETF

Seek

total

return

which

exceeds

the

total

return

of

the

S&P

500

Index

3/31/2022

DoubleLine

Commercial

Real

Estate

ETF

Seek

current

income

and

capital

preservation

3/31/2023

DoubleLine

Mortgage

ETF

Seek

total

return

which

exceeds

the

total

return

of

its

benchmark

index

3/31/2023

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

Notes

to

Schedule

of

Investments

(Cont.)

(Unaudited)

June

30,

2023

|

June

30,

2023

21

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. 

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

the

Adviser

as

its

“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.

The

Valuation

Designee

is

authorized

to

make

all

necessary

determinations

of

the

fair

values

of

portfolio

securities

and

other

assets

for

which

market

quotations

are

not

readily

available

or

if

it

is

deemed

that

the

prices

obtained

from

brokers

and

dealers

or

independent

pricing

services

are

unreliable.

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

to

value

the

Funds’

investments

as

of

June

30,

2023:

Category

DoubleLine

Opportunistic

Bond

ETF

DoubleLine

Shiller

CAPE®

U.S.

Equities

ETF

DoubleLine

Commercial

Real

Estate

ETF

DoubleLine

Mortgage

ETF

Investments

in

Securities

Level

1

Common

Stocks

$

—

$

273,563,796

$

—

$

—

Money

Market

Funds

2,099,938

1,218,532

1,162,594

31,660,808

Total

Level

1

2,099,938

274,782,328

1,162,594

31,660,808

Level

2

US

Government

and

Agency

Mortgage

Backed

Obligations

24,766,125

—

2,828,668

79,262,294

US

Government

and

Agency

Obligations

41,169,969

—

—

—

Non-Agency

Residential

Collateralized

Mortgage

Obligations

19,086,888

—

456,771

18,380,553

Non-Agency

Commercial

Mortgage

Backed

Obligations

8,517,078

—

17,186,225

—

US

Corporate

Bonds

24,402,863

—

—

—

Asset

Backed

Obligations

12,522,277

—

2,157,285

931,223

Foreign

Corporate

Bonds

11,894,652

—

—

—

Collateralized

Loan

Obligations

6,029,849

—

3,380,792

—

Bank

Loans

4,045,220

—

—

—

Foreign

Government

Bonds,

Foreign

Agencies

and

Foreign

Government

Sponsored

Corporations

156,750

—

—

—

Total

Level

2

152,591,671

—

26,009,741

98,574,070

Level

3

—

—

—

—

Total

$

154,691,609

$

274,782,328

$

27,172,335

$

130,234,878

Other

Financial

Instruments

Level

1

Futures

$

—

—

—

(27,838)

Total

Level

1

$

—

—

—

(27,838)

Level

2

Unfunded

Loan

Commitments

$

(4,751)

—

—

—

Total

Level

2

$

(4,751)

—

—

—

Level

3

—

—

—

—

Total

$

(4,751)

—

—

(27,838)

See

the

Schedules

of

Investments

for

further

disaggregation

of

investment

categories.