Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Unaudited)
June
30,
2024
|
June
30,
2024
1
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
ASSET
BACKED
OBLIGATIONS
8.8%
Aaset
Trust
,
467,580
Series
2021-2A-A
2.80%
(a)
01/15/2047
423,449
500,000
Series
2024-1A-A1
6.26%
(a)
05/16/2049
501,665
Affirm
Asset
Securitization
Trust
,
352,928
Series
2023-X1-A
7.11%
(a)
11/15/2028
354,095
650,000
Series
2024-X1-B
6.34%
(a)
05/15/2029
652,258
Aligned
Data
Centers
Issuer
LLC
,
600,000
Series
2023-1A-A2
6.00%
(a)
08/17/2048
601,220
AMSR
Trust
,
2,100,000
Series
2023-SFR2-A
3.95%
(a)
06/17/2040
1,992,983
AREIT
Ltd.
,
200,000
Series
2024-CRE9-B
(CME
Term
SOFR
1
Month
+
2.54%,
2.54%
Floor)
7.87%
(a)
05/17/2041
200,360
Carvana
Auto
Receivables
Trust
,
832,523
Series
2023-P5-A2
5.77%
(a)
04/12/2027
832,103
Cologix
Data
Centers
US
Issuer
LLC
,
750,000
Series
2021-1A-A2
3.30%
(a)
12/26/2051
687,407
Compass
Datacenters
Issuer
II
LLC
,
500,000
Series
2024-1A-B
7.00%
(a)
02/25/2049
502,804
CyrusOne
Data
Centers
Issuer
I
LLC
,
500,000
Series
2023-1A-A2
4.30%
(a)
04/20/2048
471,573
DataBank
Issuer
,
500,000
Series
2023-1A-A2
5.12%
(a)
02/25/2053
479,516
Diamond
Resorts
Owner
Trust
,
115,490
Series
2021-1A-A
1.51%
(a)
11/21/2033
108,280
EWC
Master
Issuer
LLC
,
490,000
Series
2022-1A-A2
5.50%
(a)
03/15/2052
467,079
GLS
Auto
Receivables
Issuer
Trust
,
70,719
Series
2021-2A-C
1.08%
(a)
06/15/2026
70,436
Greystone
CRE
Notes
Ltd.
,
240,000
Series
2021-FL3-B
(CME
Term
SOFR
1
Month
+
1.76%,
1.65%
Floor)
7.09%
(a)
07/15/2039
237,521
Hilton
Grand
Vacations
Trust
,
197,327
Series
2022-1D-C
4.69%
(a)
06/20/2034
190,917
KREF
Ltd.
,
210,000
Series
2021-FL2-AS
(CME
Term
SOFR
1
Month
+
1.41%,
1.30%
Floor)
6.74%
(a)
02/15/2039
203,714
Lendbuzz
Securitization
Trust
,
461,485
Series
2022-1A-A
4.22%
(a)
05/17/2027
455,108
Lunar
Structured
Aircraft
Portfolio
Notes
,
777,608
Series
2021-1-A
2.64%
(a)
10/15/2046
697,683
MetroNet
Infrastructure
Issuer
LLC
,
300,000
Series
2023-1A-A2
6.56%
(a)
04/20/2053
307,205
Mosaic
Solar
Loan
Trust
,
543,755
Series
2018-2GS-A
4.20%
(a)
02/22/2044
500,546
Pagaya
AI
Debt
Trust
,
60,076
Series
2022-2-A
4.97%
(a)
01/15/2030
59,930
211,433
Series
2023-3-A
7.60%
(a)
12/16/2030
212,522
749,994
Series
2023-5-B
7.63%
(a)
04/15/2031
754,591
484,503
Series
2024-1-A
6.66%
(a)
07/15/2031
486,813
Progress
Residential
Trust
,
2,700,000
Series
2024-SFR2-A
3.30%
(a)
04/17/2041
2,474,510
2,500,000
Series
2024-SFR4-C
3.33%
(a)(b)
07/09/2029
2,233,698
Prosper
Marketplace
Issuance
Trust
,
423,868
Series
2023-1A-A
7.06%
(a)
07/16/2029
425,541
Retained
Vantage
Data
Centers
Issuer
LLC
,
500,000
Series
2023-1A-B
5.75%
(a)
09/15/2048
475,992
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Sabey
Data
Center
Issuer
LLC
,
650,000
Series
2024-1-A2
6.00%
(a)
04/20/2049
645,122
Santander
Drive
Auto
Receivables
Trust
,
271,883
Series
2020-4-D
1.48%
01/15/2027
268,554
SEB
Funding
LLC
,
498,750
Series
2021-1A-A2
4.97%
(a)
01/30/2052
476,711
SERVPRO
Master
Issuer
LLC
,
498,750
Series
2024-1A-A2
6.17%
(a)
01/25/2054
503,507
Sierra
Timeshare
Receivables
Funding
LLC
,
185,077
Series
2019-2A-A
2.59%
(a)
05/20/2036
184,750
SMB
Private
Education
Loan
Trust
,
672,836
Series
2021-A-B
2.31%
(a)
01/15/2053
632,607
Subway
Funding
LLC
,
300,000
Series
2024-1A-A23
6.51%
(a)
07/30/2054
306,474
Switch
ABS
Issuer
LLC
,
500,000
Series
2024-2A-B
6.20%
(a)
06/25/2054
483,896
Theorem
Funding
Trust
,
187,528
Series
2023-1A-A
7.58%
(a)
04/15/2029
189,222
TierPoint
Issuer
LLC
,
500,000
Series
2023-1A-A2
6.00%
(a)
06/25/2053
494,315
Upstart
Securitization
Trust
,
246,321
Series
2021-4-B
1.84%
(a)
09/20/2031
243,445
681,358
Series
2021-5-B
2.49%
(a)
11/20/2031
673,991
VOLT
C
LLC
,
298,119
Series
2021-NP10-A1
4.99%
(a)(c)
05/25/2051
293,055
256,197
Series
2021-NPL9-A1
4.99%
(a)(c)
05/25/2051
251,226
Washington
Mutual
WMABS
Trust
,
3,559,581
Series
2007-HE2-
2A2
(CME
Term
SOFR
1
Month
+
0.33%,
0.22%
Floor)
5.68%
02/25/2037
999,116
Total
Asset
Backed
Obligations
(Cost
$24,524,594)
24,707,510
BANK
LOANS
3.1%
1011778
B.C.
Unlimited
Liability
Co.
,
69,825
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
1.75%)
7.09%
09/20/2030
69,737
Access
CIG
LLC
,
129,261
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.00%,
0.50%
Floor)
10.33%
08/18/2028
130,251
Acrisure
LLC
,
100,299
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%)
8.59%
11/06/2030
100,300
Acuris
Finance
U.S.,
Inc.
,
70,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.00%,
0.50%
Floor)
9.48%
02/16/2028
70,102
2
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
ADMI
Corp.
,
64,605
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.21%
12/23/2027
63,434
Air
Canada
,
44,888
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.50%)
7.85%
03/21/2031
45,007
Alliant
Holdings
Intermediate
LLC
,
109,450
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.84%
11/06/2030
109,843
Allied
Universal
Holdco
LLC
,
163,663
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.19%
05/12/2028
163,219
Allspring
Buyer
LLC
,
124,227
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.50%
Floor)
8.82%
11/01/2028
124,115
Alterra
Mountain
Co.
,
89,086
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.59%
08/17/2028
89,495
Altice
France
SA
,
29,924
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.50%)
10.83%
08/15/2028
22,069
American
Airlines,
Inc.
,
136,051
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
6
Month
+
2.50%)
7.77%
06/04/2029
136,000
AmWINS
Group,
Inc.
,
24,935
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%,
0.75%
Floor)
7.71%
02/19/2028
24,945
APi
Group
DE,
Inc.
,
10,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%)
7.34%
12/18/2028
10,007
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Applied
Systems,
Inc.
,
10,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.25%)
10.58%
02/23/2032
10,368
Apro
LLC
,
60,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.08%
06/26/2031
60,075
APX
Group,
Inc.
,
113,832
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.75%,
0.50%
Floor)
8.09%
07/10/2028
114,117
Ardonagh
Group
Finco
Pty.
Ltd.
,
85,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%)
9.09%
02/27/2031
84,947
Artera
Services
LLC
,
34,913
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.50%)
9.83%
02/15/2031
35,140
AssuredPartners,
Inc.
,
104,738
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.84%
02/14/2031
105,130
Asurion
LLC
,
54,723
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.25%)
9.69%
08/19/2028
54,387
athenahealth
Group,
Inc.
,
164,254
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.59%
02/15/2029
163,920
Aveanna
Healthcare
LLC
,
69,465
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.20%
07/17/2028
66,686
Bausch
&
Lomb
Corp.
,
73,869
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.69%
05/10/2027
73,176
|
June
30,
2024
3
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
29,775
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.34%
09/29/2028
29,757
BCPE
Empire
Holdings,
Inc.
,
119,102
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.50%
Floor)
9.34%
12/11/2028
119,273
Boxer
Parent
Co.,
Inc.
,
139,300
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.34%
12/29/2028
139,760
Brand
Industrial
Services,
Inc.
,
34,825
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.50%,
0.50%
Floor)
9.83%
08/01/2030
34,980
Broadstreet
Partners,
Inc.
,
45,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.59%
06/16/2031
44,933
Brown
Group
Holding
LLC
,
34,808
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%,
0.50%
Floor)
8.19%
06/07/2028
34,832
Camelot
U.S.
Acquisition
LLC
,
44,888
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%)
8.09%
01/31/2031
45,022
Carnival
Corp.
,
19,076
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%,
0.75%
Floor)
8.09%
08/08/2027
19,195
Catalent
Pharma
Solutions,
Inc.
,
118,772
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%,
0.50%
Floor)
7.46%
02/22/2028
118,861
Cedar
Fair
LP
,
40,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%)
7.33%
05/01/2031
39,981
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Cengage
Learning,
Inc.
,
29,925
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
6
Month
+
4.25%,
1.00%
Floor)
9.54%
03/24/2031
30,047
Central
Parent
LLC
,
80,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%)
8.58%
07/06/2029
79,075
Charter
Next
Generation,
Inc.
,
19,910
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.75%
Floor)
8.84%
12/01/2027
19,968
ClubCorp
Holdings,
Inc.
,
30,643
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
5.00%)
10.60%
09/18/2026
30,842
Clydesdale
Acquisition
Holdings,
Inc.
,
39,797
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.68%,
0.50%
Floor)
9.12%
04/13/2029
39,934
Concentra
Health
Services,
Inc.
,
35,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.25%)
7.59%
06/26/2031
35,175
Cotiviti,
Inc.
,
104,738
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.58%
05/01/2031
104,476
CPI
Holdco
B
LLC
,
25,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%)
7.34%
05/17/2031
25,004
CSC
Holdings
LLC
,
19,845
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.60%)
7.94%
04/15/2027
16,542
DCert
Buyer,
Inc.
,
69,546
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.34%
10/16/2026
67,938
4
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Deerfield
Dakota
Holding
LLC
,
164,571
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
1.00%
Floor)
9.08%
04/09/2027
164,693
DG
Investment
Intermediate
Holdings
2,
Inc.
,
69,463
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.21%
03/31/2028
69,477
DIRECTV
Financing
LLC
,
10,366
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
5.00%,
0.75%
Floor)
10.44%
08/02/2027
10,400
Dynasty
Acquisition
Co.,
Inc.
,
79,426
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.84%
08/24/2028
79,805
EAB
Global,
Inc.
,
40,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%)
8.58%
08/16/2028
40,010
Eagle
Parent
Corp.
,
44,796
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.25%,
0.50%
Floor)
9.58%
04/02/2029
43,665
Edelman
Financial
Engines
Center
LLC
,
35,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
5.25%)
10.59%
10/31/2028
35,131
EG
Group
Ltd.
,
34,912
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.50%,
0.50%
Floor)
11.24%
02/28/2028
34,549
EMRLD
Borrower
LP
,
40,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
7.83%
06/18/2031
40,050
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Epicor
Software
Corp.
,
22,375
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.75%
Floor)
8.59%
05/30/2031
22,496
Fertitta
Entertainment
LLC
,
133,721
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.08%
01/27/2029
134,030
Focus
Financial
Partners
LLC
,
113,827
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.50%,
0.50%
Floor)
7.84%
06/30/2028
113,853
Frontier
Communications
Holdings
LLC
,
70,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.83%
06/20/2031
70,000
Gainwell
Acquisition
Corp.
,
148,907
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.00%,
0.75%
Floor)
9.43%
10/01/2027
144,564
Garda
World
Security
Corp.
,
84,784
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.25%)
9.59%
02/01/2029
85,420
GIP
Pilot
Acquisition
Partners
LP
,
16,799
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.50%)
7.83%
10/04/2030
16,841
Grant
Thornton
Advisors
LLC
,
50,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%)
8.60%
06/02/2031
50,206
Great
Outdoors
Group
LLC
,
99,235
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.19%
03/06/2028
99,276
Grifols
Worldwide
Operations
Ltd.
,
25,441
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%)
7.44%
11/15/2027
25,059
|
June
30,
2024
5
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
GTCR
Everest
Borrower
LLC
,
30,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.35%
06/03/2031
30,056
Hamilton
Projects
Acquiror
LLC
,
15,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.08%
05/31/2031
15,115
Harbor
Freight
Tools
USA,
Inc.
,
45,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.50%)
7.84%
06/11/2031
44,926
Hexion
Holdings
Corp.
,
39,810
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.50%,
0.50%
Floor)
9.98%
03/15/2029
39,728
Husky
Injection
Molding
Systems
Ltd.
,
105,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
6
Month
+
5.00%)
10.33%
02/15/2029
105,372
Ineos
Quattro
Holdings
UK
Ltd.
,
74,813
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.25%)
9.69%
04/02/2029
74,766
Ineos
U.S.
Finance
LLC
,
104,213
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.93%
02/18/2030
103,743
45,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.09%
02/07/2031
45,169
Kenan
Advantage
Group,
Inc.
(The)
,
79,800
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.09%
01/25/2029
80,299
Kronos
Acquisition
Holdings,
Inc.
,
29,846
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.31%
12/22/2026
29,857
25,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.00%)
9.34%
06/27/2031
24,875
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
LBM
Acquisition
LLC
,
90,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.18%
05/30/2031
88,619
LC
Ahab
U.S.
Bidco
LLC
,
50,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.84%
05/01/2031
50,157
LifePoint
Health,
Inc.
,
139,650
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.75%)
10.06%
11/16/2028
140,584
Lummus
Technology
Holdings
V
LLC
,
46,459
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.96%
12/31/2029
46,691
Mavis
Tire
Express
Services
Topco
Corp.
,
73,294
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.09%
05/04/2028
73,548
McAfee
Corp.
,
34,773
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.50%
Floor)
8.58%
03/01/2029
34,781
Medline
Borrower
LP
,
50,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%)
7.58%
10/23/2028
50,063
MI
Windows
and
Doors
LLC
,
25,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.84%
03/28/2031
25,182
Mitchell
International,
Inc.
,
170,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.58%
06/17/2031
168,766
35,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.25%)
10.59%
06/07/2032
34,978
6
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Modena
Buyer
LLC
,
60,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.50%)
9.83%
04/18/2031
58,641
Motion
Acquisition
Ltd.
,
144,638
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.50%)
8.83%
11/12/2029
144,854
Natgasoline
LLC
,
44,878
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.96%
11/14/2025
44,738
NEP
Group,
Inc.
,
44,994
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.71%
08/19/2026
42,782
Olympus
Water
U.S.
Holding
Corp.
,
56,238
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.32%
11/09/2028
56,414
70,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.50%,
0.50%
Floor)
8.85%
06/09/2031
70,218
OneDigital
Borrower
LLC
,
90,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.25%,
0.50%
Floor)
9.68%
11/16/2027
89,887
120,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%)
8.58%
06/13/2031
119,850
40,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
5.75%)
10.58%
06/14/2032
39,900
Ontario
Gaming
GTA
LP
,
29,850
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.25%,
0.50%
Floor)
9.58%
08/01/2030
30,032
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Organon
&
Co.
,
19,903
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.50%,
0.50%
Floor)
7.83%
05/19/2031
19,941
Osmosis
Buyer
Ltd.
,
138,777
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.50%
Floor)
9.33%
07/31/2028
139,181
OVG
Business
Services
LLC
,
55,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%)
8.35%
06/14/2031
54,966
Pacific
Dental
Services
LLC
,
89,775
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.58%
03/15/2031
90,065
Packaging
Coordinators
Midco,
Inc.
,
95,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.75%
Floor)
8.58%
11/30/2027
95,436
Parexel
International,
Inc.
,
113,548
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.71%
11/15/2028
113,920
Penn
Entertainment,
Inc.
,
128,090
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%,
0.50%
Floor)
8.19%
05/03/2029
128,393
PetSmart
LLC
,
118,477
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.19%
02/11/2028
118,279
Playa
Resorts
Holding
BV
,
59,397
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.59%
01/05/2029
59,505
|
June
30,
2024
7
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Pregis
TopCo
LLC
,
49,482
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.34%
07/31/2026
49,590
Proofpoint,
Inc.
,
127,926
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.50%
Floor)
8.32%
08/31/2028
128,190
Quikrete
Holdings,
Inc.
,
24,748
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%)
7.59%
03/19/2029
24,793
Radiology
Partners,
Inc.
,
44,950
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.00%)
9.09%
01/31/2029
42,748
Radnet
Management,
Inc.
,
20,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.50%)
7.83%
04/18/2031
20,038
Resideo
Funding,
Inc.
,
55,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%)
7.33%
06/13/2031
55,000
Sedgwick
Claims
Management
Services,
Inc.
,
100,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.50%)
8.34%
06/30/2031
100,125
SMG
U.S.
Midco
2,
Inc.
,
118,450
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
6
Month
+
2.50%)
8.24%
01/23/2025
118,509
Sotera
Health
Holdings
LLC
,
160,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.59%
05/30/2031
159,934
Station
Casinos
LLC
,
39,900
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%)
7.59%
03/14/2031
39,930
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Stubhub
Holdco
Sub
LLC
,
44,334
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.75%)
10.09%
03/15/2030
44,403
SWF
Holdings
I
Corp.
,
19,684
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.75%
Floor)
9.46%
10/06/2028
16,904
TK
Elevator
Midco
GmbH
,
159,201
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
6
Month
+
3.50%,
0.50%
Floor)
8.79%
04/30/2030
160,220
TransDigm,
Inc.
,
49,875
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.50%)
7.84%
02/28/2031
50,037
Triton
Water
Holdings,
Inc.
,
165,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.50%
Floor)
8.81%
03/31/2028
165,248
United
AirLines,
Inc.
,
104,738
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%)
8.09%
02/22/2031
105,130
Vestis
Corp.
,
34,913
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.25%)
7.58%
02/22/2031
34,789
Vistra
Zero
Operating
Co.
LLC
,
19,950
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%)
8.09%
04/30/2031
20,067
Wand
Newco
3,
Inc.
,
65,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.09%
01/30/2031
65,505
WaterBridge
Midstream
Operating
LLC
,
20,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
5.00%)
10.09%
06/21/2029
19,900
8
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
WestJet
Loyalty
LP
,
80,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%)
9.05%
02/14/2031
80,460
White
Cap
Supply
Holdings
LLC
,
15,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%)
8.59%
10/19/2029
15,043
Zayo
Group
Holdings,
Inc.
,
25,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%)
8.46%
03/09/2027
21,833
Total
Bank
Loans
(Cost
$8,592,154)
8,644,263
COLLATERALIZED
LOAN
OBLIGATIONS
4.6%
37
Capital
CLO
4
Ltd.
,
500,000
Series
2023-2A-B
(CME
Term
SOFR
3
Month
+
2.75%,
2.75%
Floor)
8.12%
(a)
01/15/2034
503,036
AIMCO
CLO
21
Ltd.
,
500,000
Series
2024-21A-D1
(CME
Term
SOFR
3
Month
+
3.15%,
3.15%
Floor)
8.48%
(a)
04/18/2037
501,900
Arbor
Realty
Commercial
Real
Estate
Notes
Ltd.
,
161,870
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.18%,
1.18%
Floor)
6.51%
(a)
08/15/2034
161,428
Bain
Capital
Credit
CLO
Ltd.
,
500,000
Series
2023-4A-C
(CME
Term
SOFR
3
Month
+
2.90%,
2.90%
Floor)
8.22%
(a)
10/21/2036
506,792
BRSP
Ltd.
,
231,909
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.26%,
1.15%
Floor)
6.60%
(a)
08/19/2038
229,531
BSPRT
Issuer
Ltd.
,
270,000
Series
2023-FL10-B
(CME
Term
SOFR
1
Month
+
3.27%,
3.27%
Floor)
8.59%
(a)
09/15/2035
272,736
Captree
Park
CLO
Ltd.
,
500,000
Series
2024-1A-D
(CME
Term
SOFR
3
Month
+
3.25%,
3.25%
Floor)
8.58%
(a)
07/20/2037
501,853
CBAM
Ltd.
,
500,000
Series
2017-2A-BR
(CME
Term
SOFR
3
Month
+
2.11%,
1.85%
Floor)
7.43%
(a)
07/17/2034
503,020
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Eaton
Vance
CLO
Ltd.
,
500,000
Series
2013-1A-A23R
(CME
Term
SOFR
3
Month
+
1.81%,
1.55%
Floor)
7.14%
(a)
01/15/2034
500,347
Elmwood
CLO
28
Ltd.
,
500,000
Series
2024-4A-D
(CME
Term
SOFR
3
Month
+
3.30%,
3.30%
Floor)
8.64%
(a)
04/17/2037
501,856
Empower
CLO
Ltd.
,
500,000
Series
2023-2A-B
(CME
Term
SOFR
3
Month
+
2.75%,
2.75%
Floor)
8.08%
(a)
07/15/2036
510,230
LoanCore
Issuer
Ltd.
,
152,165
Series
2021-CRE5-A
(CME
Term
SOFR
1
Month
+
1.41%,
1.41%
Floor)
6.74%
(a)
07/15/2036
151,467
Marble
Point
CLO
XI
Ltd.
,
500,000
Series
2017-2A-B
(CME
Term
SOFR
3
Month
+
1.76%,
1.50%
Floor)
7.09%
(a)
12/18/2030
500,735
MF1
Multifamily
Housing
Mortgage
Loan
Trust
,
132,047
Series
2021-FL7-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.53%
(a)
10/16/2036
131,508
260,000
Series
2024-FL14-
AS
(CME
Term
SOFR
1
Month
+
2.24%,
2.24%
Floor)
7.58%
(a)
03/19/2039
260,414
280,000
Series
2024-FL15-A
(CME
Term
SOFR
1
Month
+
1.69%,
1.69%
Floor)
6.99%
(a)
08/18/2041
279,300
Midocean
Credit
CLO
IX
,
500,000
Series
2018-9A-D
(CME
Term
SOFR
3
Month
+
3.56%,
3.30%
Floor)
8.89%
(a)
07/20/2031
499,854
Octagon
Investment
Partners
45
Ltd.
,
500,000
Series
2019-1A-BR
(CME
Term
SOFR
3
Month
+
1.85%,
1.85%
Floor)
7.18%
(a)
04/15/2035
500,362
Park
Avenue
Institutional
Advisers
CLO
Ltd.
,
500,000
Series
2018-1A-BR
(CME
Term
SOFR
3
Month
+
2.36%,
2.10%
Floor)
7.69%
(a)
10/20/2031
500,020
Race
Point
IX
CLO
Ltd.
,
1,000,000
Series
2015-9A-BR
(CME
Term
SOFR
3
Month
+
2.41%,
0.26%
Floor)
7.74%
(a)
10/15/2030
1,000,410
Sound
Point
CLO
XXXI
Ltd.
,
500,000
Series
2021-3A-D
(CME
Term
SOFR
3
Month
+
3.51%,
3.25%
Floor)
8.84%
(a)
10/25/2034
481,246
|
June
30,
2024
9
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Steele
Creek
CLO
Ltd.
,
682,645
Series
2017-1A-A
(CME
Term
SOFR
3
Month
+
1.51%)
6.84%
(a)
10/15/2030
682,783
STWD
Ltd.
,
300,000
Series
2019-FL1-AS
(CME
Term
SOFR
1
Month
+
1.51%,
1.51%
Floor)
6.84%
(a)
07/15/2038
296,599
140,137
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.65%
(a)
04/18/2038
138,484
TRTX
Issuer
Ltd.
,
176,862
Series
2021-FL4-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.64%
(a)
03/15/2038
175,396
Venture
XXVI
CLO
Ltd.
,
500,000
Series
2017-26A-BR
(CME
Term
SOFR
3
Month
+
1.96%,
1.70%
Floor)
7.29%
(a)
01/20/2029
501,290
Voya
CLO
Ltd.
,
1,000,000
Series
2013-1A-BR
(CME
Term
SOFR
3
Month
+
2.16%)
7.49%
(a)
10/15/2030
1,002,432
500,000
Series
2014-4A-CR2
(CME
Term
SOFR
3
Month
+
3.61%)
8.94%
(a)
07/14/2031
497,520
Wellfleet
CLO
Ltd.
,
500,000
Series
2017-3A-A2
(CME
Term
SOFR
3
Month
+
1.76%,
1.50%
Floor)
7.08%
(a)
01/17/2031
500,503
Total
Collateralized
Loan
Obligations
(Cost
$12,551,525)
12,793,052
FOREIGN
CORPORATE
BONDS
7.4%
AUSTRALIA
0.4%
195,000
Glencore
Funding
LLC
1.63%
(a)
04/27/2026
182,400
310,000
Glencore
Funding
LLC
5.37%
(a)
04/04/2029
308,661
370,000
Macquarie
Group
Ltd.
(SOFR
+
2.21%)
5.11%
(a)
08/09/2026
368,108
380,000
Westpac
Banking
Corp.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%)
3.02%
11/18/2036
311,918
1,171,087
BERMUDA
0.1%
345,000
Triton
Container
International
Ltd.
3.25%
03/15/2032
283,406
BRAZIL
0.8%
200,000
Banco
do
Brasil
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.40%)
8.75%
(d)
10/15/2024
204,205
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
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
189,752
200,000
Braskem
Netherlands
Finance
BV
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
8.22%)
8.50%
01/23/2081
200,337
250,000
Cosan
Overseas
Ltd.
8.25%
(d)
08/05/2024
254,348
200,000
CSN
Resources
SA
5.88%
04/08/2032
166,596
331,260
Guara
Norte
Sarl
5.20%
06/15/2034
305,531
200,000
Movida
Europe
SA
7.85%
(a)
04/11/2029
188,355
157,660
MV24
Capital
BV
6.75%
06/01/2034
150,742
314,745
Prumo
Participacoes
e
Investimentos
S/A
7.50%
12/31/2031
313,295
200,000
Simpar
Europe
SA
5.20%
01/26/2031
164,759
123,000
Vale
Overseas
Ltd.
6.40%
06/28/2054
121,733
2,259,653
CANADA
0.3%
330,000
Bank
of
Montreal
(5
Year
Swap
Rate
USD
+
1.43%)
3.80%
12/15/2032
310,218
51,000
Bombardier,
Inc.
7.88%
(a)
04/15/2027
51,162
75,000
Bombardier,
Inc.
8.75%
(a)
11/15/2030
81,152
25,000
Bombardier,
Inc.
7.00%
(a)
06/01/2032
25,379
30,000
Garda
World
Security
Corp.
4.63%
(a)
02/15/2027
28,704
35,000
Garda
World
Security
Corp.
6.00%
(a)
06/01/2029
31,966
140,000
Husky
Injection
Molding
Systems
Ltd.
9.00%
(a)
02/15/2029
145,147
70,000
Kronos
Acquisition
Holdings,
Inc.
8.25%
(a)
06/30/2031
70,158
743,886
CAYMAN
ISLANDS
0.1%
212,431
Global
Aircraft
Leasing
Co.
Ltd.
6.50%
(a)
09/15/2024
204,692
CHILE
0.4%
200,000
Agrosuper
SA
4.60%
01/20/2032
175,408
200,000
Banco
del
Estado
de
Chile
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.23%)
7.95%
(a)(d)
05/02/2029
206,728
400,000
CAP
SA
3.90%
04/27/2031
320,351
198,056
Chile
Electricity
PEC
SpA
0.00%
01/25/2028
158,940
258,880
GNL
Quintero
SA
4.63%
07/31/2029
252,908
1,114,335
10
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
CHINA
0.2%
635,000
NXP
BV
3.88%
06/18/2026
616,928
COLOMBIA
0.4%
191,666
AI
Candelaria
Spain
SA
7.50%
12/15/2028
188,406
250,000
AI
Candelaria
Spain
SA
5.75%
06/15/2033
202,444
200,000
Bancolombia
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%)
4.63%
12/18/2029
193,325
200,000
Bancolombia
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.32%)
8.63%
12/24/2034
204,397
200,000
Canacol
Energy
Ltd.
5.75%
11/24/2028
105,927
200,000
Empresas
Publicas
de
Medellin
ESP
4.25%
07/18/2029
172,575
171,860
Fideicomiso
PA
Pacifico
Tres
8.25%
01/15/2035
169,282
1,236,356
DOMINICAN
REPUBLIC
0.1%
200,000
Aeropuertos
Dominicanos
Siglo
XXI
SA
7.00%
(a)
06/30/2034
202,740
GUATEMALA
0.4%
150,000
Banco
Industrial
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.44%)
4.88%
01/29/2031
145,214
400,000
CT
Trust
5.13%
02/03/2032
352,723
200,000
Energuate
Trust
5.88%
05/03/2027
193,011
180,000
Millicom
International
Cellular
SA
6.63%
10/15/2026
179,951
180,000
Millicom
International
Cellular
SA
6.25%
03/25/2029
173,416
1,044,315
INDIA
0.7%
172,000
Adani
International
Container
Terminal
Pvt.
Ltd.
3.00%
02/16/2031
144,142
400,000
Adani
Ports
&
Special
Economic
Zone
Ltd.
4.20%
08/04/2027
372,100
151,000
Adani
Transmission
Step-One
Ltd.
4.25%
05/21/2036
125,475
456,000
JSW
Hydro
Energy
Ltd.
4.13%
05/18/2031
405,450
400,000
Network
i2i
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.27%)
5.65%
(d)
01/15/2025
397,838
250,000
Reliance
Industries
Ltd.
4.13%
01/28/2025
247,844
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
200,000
UPL
Corp.
Ltd.
4.50%
03/08/2028
175,528
1,868,377
INDONESIA
0.6%
250,000
Adaro
Indonesia
PT
4.25%
10/31/2024
248,049
200,000
Bank
Negara
Indonesia
Persero
Tbk.
PT
3.75%
03/30/2026
191,280
200,000
Freeport
Indonesia
PT
4.76%
04/14/2027
196,870
200,000
Freeport
Indonesia
PT
5.32%
04/14/2032
194,100
200,000
Indonesia
Asahan
Aluminium
PT
5.45%
05/15/2030
196,521
309,680
LLPL
Capital
Pte.
Ltd.
6.88%
02/04/2039
312,184
200,000
Minejesa
Capital
BV
5.63%
08/10/2037
180,970
300,000
Pertamina
Persero
PT
1.40%
02/09/2026
280,557
1,800,531
IRELAND
0.2%
530,000
Avolon
Holdings
Funding
Ltd.
5.75%
(a)
03/01/2029
527,217
140,000
GGAM
Finance
Ltd.
6.88%
(a)
04/15/2029
142,800
670,017
KUWAIT
0.1%
200,000
MEGlobal
Canada
ULC
5.00%
05/18/2025
198,255
LUXEMBOURG
0.1%
169,000
ArcelorMittal
SA
6.00%
06/17/2034
168,968
MEXICO
0.8%
200,000
Banco
Mercantil
del
Norte
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.64%)
5.88%
(d)
01/24/2027
187,846
200,000
Banco
Mercantil
del
Norte
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
5.35%)
7.63%
(d)
01/10/2028
197,017
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
178,327
400,000
BBVA
Bancomer
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%)
5.13%
01/18/2033
364,826
200,000
Buffalo
Energy
Mexico
Holdings
7.88%
(a)
02/15/2039
207,993
|
June
30,
2024
11
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
200,000
Cemex
SAB
de
CV
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.16%)
9.13%
(a)(d)
03/14/2028
213,705
234,300
Cometa
Energia
SA
de
CV
6.38%
04/24/2035
227,604
200,000
Comision
Federal
de
Electricidad
3.35%
02/09/2031
165,433
362,904
Mexico
Generadora
de
Energia
S
de
rl
5.50%
12/06/2032
355,978
100,000
Petroleos
Mexicanos
6.75%
09/21/2047
65,842
50,000
Southern
Copper
Corp.
3.88%
04/23/2025
49,237
350,671
Tierra
Mojada
Luxembourg
II
Sarl
5.75%
12/01/2040
316,612
2,530,420
PARAGUAY
0.2%
126,736
Bioceanico
Sovereign
Certificate
Ltd.
0.00%
06/05/2034
95,052
200,000
Frigorifico
Concepcion
SA
7.70%
07/21/2028
136,193
333,333
Rutas
2
&
7
Finance
Ltd.
0.00%
09/30/2036
229,847
461,092
PERU
0.8%
250,000
Banco
de
Credito
del
Peru
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%)
3.13%
07/01/2030
241,031
200,000
Banco
de
Credito
del
Peru
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.45%)
3.25%
09/30/2031
186,168
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
194,366
400,000
Cia
de
Minas
Buenaventura
SAA
5.50%
07/23/2026
386,998
200,000
Inkia
Energy
Ltd.
5.88%
11/09/2027
201,150
150,000
InRetail
Shopping
Malls
5.75%
04/03/2028
147,480
200,000
Intercorp
Financial
Services,
Inc.
4.13%
10/19/2027
186,731
171,666
Lima
Metro
Line
2
Finance
Ltd.
5.88%
07/05/2034
169,186
200,000
Minsur
SA
4.50%
10/28/2031
177,736
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
209,000
Orazul
Energy
Peru
SA
5.63%
04/28/2027
198,466
400,000
Petroleos
del
Peru
SA
5.63%
06/19/2047
255,727
160,000
Transportadora
de
Gas
del
Peru
SA
4.25%
04/30/2028
154,795
2,499,834
SINGAPORE
0.4%
300,000
DBS
Group
Holdings
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.10%)
1.82%
03/10/2031
281,962
400,000
Oversea-Chinese
Banking
Corp.
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.58%)
1.83%
09/10/2030
382,575
400,000
United
Overseas
Bank
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.23%)
2.00%
10/14/2031
369,859
1,034,396
SOUTH
AFRICA
0.1%
200,000
Sasol
Financing
USA
LLC
4.38%
09/18/2026
188,595
UNITED
KINGDOM
0.1%
134,000
BAT
Capital
Corp.
4.54%
08/15/2047
103,280
50,000
Macquarie
Airfinance
Holdings
Ltd.
6.50%
(a)
03/26/2031
51,450
154,730
VIETNAM
0.1%
210,820
Mong
Duong
Finance
Holdings
BV
5.13%
05/07/2029
200,548
Total
Foreign
Corporate
Bonds
(Cost
$20,274,122)
20,653,161
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
5.3%
BANK
,
300,000
Series
2018-BN11-C
4.52%
(b)
03/15/2061
267,720
200,000
Series
2018-BN14-A3
3.97%
09/15/2060
190,044
160,000
Series
2019-BN23-A3
2.92%
12/15/2052
141,672
220,000
Series
2021-BN32-A4
2.35%
04/15/2054
186,888
300,000
Series
2021-BN38-A5
2.52%
12/15/2064
247,493
307,000
Series
2022-BNK43-C
5.40%
(b)
08/15/2055
263,475
6,003,323
Series
2023-BNK46-XA
0.75%
(b)(e)
08/15/2056
235,980
Bank
of
America
Merrill
Lynch
Commercial
Mortgage
Trust
,
266,000
Series
2016-UB10-C
4.98%
(b)
07/15/2049
251,135
197,912
Series
2017-BNK3-A3
3.31%
02/15/2050
188,257
12
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
BANK5
,
11,922,991
Series
2023-5YR1-XA
0.48%
(b)(e)
04/15/2056
119,218
271,000
Series
2024-5YR7-A2
5.79%
06/15/2057
275,007
BBCMS
Mortgage
Trust
,
300,000
Series
2021-C11-ASB
2.11%
09/15/2054
264,930
300,000
Series
2021-C12-A5
2.69%
11/15/2054
253,249
180,000
Series
2021-C12-AS
2.90%
11/15/2054
148,607
250,000
Series
2021-C9-A5
2.30%
02/15/2054
208,874
100,000
Series
2022-C16-A5
4.60%
(b)
06/15/2055
95,721
200,000
Series
2022-C17-A5
4.44%
09/15/2055
189,069
250,000
Series
2023-C19-A5
5.45%
04/15/2056
252,665
Benchmark
Mortgage
Trust
,
7,507,867
Series
2018-B2-XA
0.59%
(b)(e)
02/15/2051
86,499
150,000
Series
2019-B14-ASB
2.96%
12/15/2062
140,363
250,000
Series
2021-B31-A5
2.67%
12/15/2054
209,427
250,000
Series
2022-B35-C
4.59%
(b)
05/15/2055
196,756
305,000
Series
2022-B37-C
5.94%
(b)
11/15/2055
265,620
200,000
Series
2023-B38-A4
5.52%
04/15/2056
203,253
7,095,326
Series
2023-V3-XA
1.05%
(b)(e)
07/15/2056
204,514
275,000
Series
2024-V7-A2
5.77%
05/15/2056
279,635
BMO
Mortgage
Trust
,
225,000
Series
2024-5C3-AS
6.29%
(b)
02/15/2057
230,389
BPR
Trust
,
251,000
Series
2021-TY-A
(CME
Term
SOFR
1
Month
+
1.16%,
1.05%
Floor)
6.49%
(a)
09/15/2038
249,159
Cantor
Commercial
Real
Estate
Lending
,
500,000
Series
2019-CF1-C
4.35%
(b)
05/15/2052
414,802
CFCRE
Commercial
Mortgage
Trust
,
184,634
Series
2016-C6-A2
2.95%
11/10/2049
175,701
Citigroup
Commercial
Mortgage
Trust
,
250,000
Series
2015-GC27-C
4.57%
(b)
02/10/2048
239,335
311,815
Series
2017-P7-A3
3.44%
04/14/2050
296,460
300,000
Series
2018-B2-A3
3.74%
03/10/2051
283,854
272,432
Series
2018-C5-A3
3.96%
06/10/2051
258,859
100,000
Series
2022-GC48-A5
4.74%
(b)
05/15/2054
95,865
Commercial
Mortgage
Trust
,
205,000
Series
2016-DC2-C
4.81%
(b)
02/10/2049
194,217
CSMC
Trust
,
273,000
Series
2021-B33-A2
3.17%
(a)
10/10/2043
230,350
DBJPM
Mortgage
Trust
,
290,000
Series
2016-C1-B
4.20%
(b)
05/10/2049
265,005
250,000
Series
2020-C9-ASB
1.88%
08/15/2053
223,917
Del
Amo
Fashion
Center
Trust
,
250,000
Series
2017-AMO-C
3.76%
(a)(b)
06/05/2035
222,019
FIVE
Mortgage
Trust
,
250,000
Series
2023-V1-D
6.51%
(a)(b)
02/10/2056
230,869
GS
Mortgage
Securities
Corp.
II
,
250,000
Series
2023-SHIP-A
4.47%
(a)(b)
09/10/2038
243,575
GS
Mortgage
Securities
Trust
,
9,355,235
Series
2017-GS7-XA
1.22%
(b)(e)
08/10/2050
236,151
250,000
Series
2019-GC42-A3
2.75%
09/10/2052
222,589
250,000
Series
2019-GSA1-C
3.93%
(b)
11/10/2052
210,719
HTL
Commercial
Mortgage
Trust
,
250,000
Series
2024-T53-A
6.07%
(a)(b)
05/10/2039
249,774
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
,
292,884
Series
2022-NLP-A
(CME
Term
SOFR
1
Month
+
0.60%,
0.60%
Floor)
5.93%
(a)
04/15/2037
279,795
JPMBB
Commercial
Mortgage
Securities
Trust
,
325,000
Series
2014-C21-B
4.34%
(b)
08/15/2047
314,687
JPMCC
Commercial
Mortgage
Securities
Trust
,
8,020,240
Series
2017-JP6-XA
1.16%
(b)(e)
07/15/2050
163,546
LSTAR
Commercial
Mortgage
Trust
,
250,000
Series
2015-3-D
3.27%
(a)(b)
04/20/2048
236,033
MF1
Multifamily
Housing
Mortgage
Loan
Trust
,
300,000
Series
2021-FL5-AS
(CME
Term
SOFR
1
Month
+
1.31%,
1.31%
Floor)
6.64%
(a)
07/15/2036
299,256
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
,
250,000
Series
2016-C31-C
4.40%
(b)
11/15/2049
212,449
Morgan
Stanley
Capital
I
Trust
,
283,000
Series
2018-L1-C
4.94%
(b)
10/15/2051
258,187
MSWF
Commercial
Mortgage
Trust
,
225,128
Series
2023-2-A1
5.96%
12/15/2056
226,171
NJ
Trust
,
250,000
Series
2023-GSP-A
6.70%
(a)(b)
01/06/2029
258,066
UBS
Commercial
Mortgage
Trust
,
273,308
Series
2017-C4-A3
3.30%
10/15/2050
255,180
200,000
Series
2018-C8-C
4.84%
(b)
02/15/2051
171,086
WB
Commercial
Mortgage
Trust
,
239,000
Series
2024-HQ-A
6.13%
(a)(b)
03/15/2040
239,681
Wells
Fargo
Commercial
Mortgage
Trust
,
215,133
Series
2015-C27-A4
3.19%
02/15/2048
212,531
250,000
Series
2015-LC22-A4
3.84%
09/15/2058
243,577
306,000
Series
2017-C41-B
4.19%
(b)
11/15/2050
272,978
320,000
Series
2018-C45-C
4.73%
06/15/2051
299,288
250,000
Series
2019-C50-C
4.35%
05/15/2052
218,488
270,000
Series
2020-C58-A3
1.81%
07/15/2053
226,093
246,000
Series
2021-C60-A3
2.06%
08/15/2054
205,050
WFRBS
Commercial
Mortgage
Trust
,
3,503,165
Series
2014-C21-XA
0.98%
(b)(e)
08/15/2047
215
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$14,571,472)
14,732,037
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
10.3%
BRAVO
Residential
Funding
Trust
,
1,146,992
Series
2023-NQM3-A1
4.85%
(a)(c)
09/25/2062
1,118,548
1,676,659
Series
2023-NQM5-A1
6.50%
(a)(c)
06/25/2063
1,685,219
Citigroup
Mortgage
Loan
Trust
,
510,044
Series
2007-AR8-2A1A
5.15%
(b)
07/25/2037
435,857
Connecticut
Avenue
Securities
Trust
,
500,000
Series
2022-R01-
1M2
(SOFR
30
Day
Average
+
1.90%)
7.24%
(a)
12/25/2041
506,446
1,509,176
Series
2024-R03-
2M1
(SOFR
30
Day
Average
+
1.15%)
6.49%
(a)
03/25/2044
1,512,606
Cross
Mortgage
Trust
,
1,000,000
Series
2024-H1-M1
7.07%
(a)(b)
12/25/2068
1,015,069
CyrusOne
Data
Centers
Issuer
I
LLC
,
500,000
Series
2024-2A-A2
4.50%
(a)
05/20/2049
464,251
|
June
30,
2024
13
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Deephaven
Residential
Mortgage
Trust
,
896,167
Series
2022-2-A1
4.30%
(a)(b)
03/25/2067
851,445
FHLMC
STACR
REMIC
Trust
,
500,000
Series
2022-DNA2-
M1B
(SOFR
30
Day
Average
+
2.40%)
7.74%
(a)
02/25/2042
513,021
HOMES
Trust
,
851,606
Series
2023-NQM1-A1
6.18%
(a)(c)
01/25/2068
849,992
Legacy
Mortgage
Asset
Trust
,
403,689
Series
2021-GS2-A1
4.75%
(a)(c)
04/25/2061
396,627
New
Residential
Mortgage
Loan
Trust
,
860,123
Series
2019-RPL2-A1
3.25%
(a)(b)
02/25/2059
816,727
926,516
Series
2024-NQM1-A1
6.13%
(a)(c)
03/25/2064
929,531
OBX
Trust
,
1,526,855
Series
2023-NQM10-A1
6.46%
(a)(c)
10/25/2063
1,535,488
845,768
Series
2023-NQM2-A1
6.32%
(a)(c)
01/25/2062
846,663
812,976
Series
2023-NQM3-A3
6.76%
(a)(c)
02/25/2063
813,157
1,467,446
Series
2024-NQM6-A1
6.45%
(a)(c)
02/25/2064
1,479,266
RFMSI
Trust
,
1,370,216
Series
2006-S4-A7
6.00%
04/25/2036
1,061,165
Structured
Asset
Mortgage
Investments
II
Trust
,
1,207,558
Series
2007-AR3-
1A3
(CME
Term
SOFR
1
Month
+
0.53%,
0.42%
Floor)
5.88%
09/25/2047
987,627
Towd
Point
Mortgage
Trust
,
1,636,247
Series
2018-5-A1
3.25%
(a)(b)
07/25/2058
1,537,065
2,216,155
Series
2020-2-A1A
1.64%
(a)(b)
04/25/2060
1,970,612
227,462
Series
2020-3-A1
3.09%
(a)(b)
02/25/2063
215,505
941,649
Series
2022-1-A1
3.75%
(a)(b)
07/25/2062
877,233
Verus
Securitization
Trust
,
489,247
Series
2021-8-A1
1.82%
(a)(b)
11/25/2066
429,583
1,160,248
Series
2023-4-A1
5.81%
(a)(c)
05/25/2068
1,154,468
789,679
Series
2023-INV1-A3
6.76%
(a)(c)
02/25/2068
792,989
2,348,891
Series
2023-INV3-A1
6.88%
(a)(b)
11/25/2068
2,388,730
1,210,042
Series
2024-1-A1
5.71%
(a)(c)
01/25/2069
1,203,127
WaMu
Mortgage-Backed
Pass-Through
Certificates
Trust
,
399,326
Series
2006-AR16-2A1
4.36%
(b)
12/25/2036
338,740
Wells
Fargo
Mortgage-Backed
Securities
Trust
,
291,359
Series
2006-AR14-2A1
6.36%
(b)
10/25/2036
254,691
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$29,057,669)
28,981,448
US
CORPORATE
BONDS
15.0%
70,000
AAR
Escrow
Issuer
LLC
6.75%
(a)
03/15/2029
71,420
340,000
AbbVie,
Inc.
4.70%
05/14/2045
307,316
160,000
Academy
Ltd.
6.00%
(a)
11/15/2027
157,699
60,000
AdaptHealth
LLC
5.13%
(a)
03/01/2030
52,541
195,000
Advanced
Drainage
Systems,
Inc.
6.38%
(a)
06/15/2030
195,889
90,000
AEP
Texas,
Inc.
5.45%
05/15/2029
90,498
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
130,000
AEP
Transmission
Co.
LLC
5.40%
03/15/2053
124,439
40,000
Aethon
United
BR
LP
8.25%
(a)
02/15/2026
40,469
105,000
AGCO
Corp.
5.80%
03/21/2034
104,648
215,000
Agree
LP
5.63%
06/15/2034
212,896
300,000
Air
Lease
Corp.
1.88%
08/15/2026
278,286
235,000
Air
Lease
Corp.
5.20%
07/15/2031
229,728
505,000
Alexandria
Real
Estate
Equities,
Inc.
3.00%
05/18/2051
304,481
130,000
Allegion
US
Holding
Co.,
Inc.
5.60%
05/29/2034
130,139
65,000
Alliant
Holdings
Intermediate
LLC
6.75%
(a)
04/15/2028
65,165
52,000
Allied
Universal
Holdco
LLC
6.63%
(a)
07/15/2026
51,891
70,000
Allied
Universal
Holdco
LLC
9.75%
(a)
07/15/2027
69,646
105,000
Allied
Universal
Holdco
LLC
7.88%
(a)
02/15/2031
105,368
195,000
American
Airlines,
Inc.
7.25%
(a)
02/15/2028
195,332
110,000
American
Airlines,
Inc.
8.50%
(a)
05/15/2029
114,355
620,000
American
Express
Co.
(SOFR
+
1.00%)
5.10%
02/16/2028
617,348
250,000
American
Homes
4
Rent
LP
5.50%
02/01/2034
245,935
125,000
Amgen,
Inc.
5.75%
03/02/2063
122,522
30,000
Anywhere
Real
Estate
Group
LLC
5.75%
(a)
01/15/2029
18,494
160,000
Ares
Capital
Corp.
3.25%
07/15/2025
155,494
145,000
Arizona
Public
Service
Co.
5.70%
08/15/2034
144,906
155,000
Arrow
Electronics,
Inc.
5.88%
04/10/2034
153,520
50,000
Artera
Services
LLC
8.50%
(a)
02/15/2031
51,513
220,000
AssuredPartners,
Inc.
5.63%
(a)
01/15/2029
205,979
455,000
AT&T,
Inc.
3.50%
09/15/2053
309,112
135,000
AthenaHealth
Group,
Inc.
6.50%
(a)
02/15/2030
124,413
205,000
Athene
Global
Funding
(SOFR
Compounded
Index
+
0.56%)
5.93%
(a)
08/19/2024
205,088
345,000
Athene
Holding
Ltd.
6.25%
04/01/2054
345,523
130,000
Atlassian
Corp.
5.25%
05/15/2029
130,046
118,000
AutoZone,
Inc.
5.10%
07/15/2029
117,537
236,000
Aviation
Capital
Group
LLC
5.38%
(a)
07/15/2029
233,323
60,000
Bank
of
America
Corp.
(SOFR
+
1.75%)
4.83%
07/22/2026
59,435
125,000
Bank
of
America
Corp.
(SOFR
+
1.65%)
5.47%
01/23/2035
124,920
623,000
Bank
of
America
Corp.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%)
2.48%
09/21/2036
497,165
14
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
180,000
Bausch
+
Lomb
Corp.
8.38%
(a)
10/01/2028
184,500
60,000
BCPE
Empire
Holdings,
Inc.
7.63%
(a)
05/01/2027
58,197
160,000
Beacon
Roofing
Supply,
Inc.
6.50%
(a)
08/01/2030
161,577
90,000
Black
Hills
Corp.
6.00%
01/15/2035
90,590
240,000
BlackRock
Funding,
Inc.
5.25%
03/14/2054
232,099
65,000
Blue
Racer
Midstream
LLC
7.25%
(a)
07/15/2032
66,872
40,000
Boeing
Co.
(The)
6.39%
(a)
05/01/2031
40,739
144,000
Boeing
Co.
(The)
6.86%
(a)
05/01/2054
147,887
160,000
BP
Capital
Markets
America,
Inc.
4.89%
09/11/2033
155,662
159,000
BP
Capital
Markets
America,
Inc.
5.23%
11/17/2034
157,873
75,000
Brand
Industrial
Services,
Inc.
10.38%
(a)
08/01/2030
81,146
60,000
Bristol-Myers
Squibb
Co.
5.50%
02/22/2044
59,374
250,000
Bristol-Myers
Squibb
Co.
5.55%
02/22/2054
246,648
815,000
Broadcom,
Inc.
3.50%
(a)
02/15/2041
625,114
380,000
Brown
&
Brown,
Inc.
2.38%
03/15/2031
314,092
195,000
Buckeye
Partners
LP
6.88%
(a)
07/01/2029
195,856
155,000
Builders
FirstSource,
Inc.
6.38%
(a)
03/01/2034
153,645
168,000
Burlington
Northern
Santa
Fe
LLC
5.50%
03/15/2055
168,429
135,000
Caesars
Entertainment,
Inc.
6.50%
(a)
02/15/2032
135,750
50,000
Calpine
Corp.
5.13%
(a)
03/15/2028
48,125
155,000
Campbell
Soup
Co.
5.40%
03/21/2034
154,045
135,000
Carnival
Corp.
5.75%
(a)
03/01/2027
133,454
125,000
CCO
Holdings
LLC
5.13%
(a)
05/01/2027
120,119
100,000
CCO
Holdings
LLC
4.75%
(a)
03/01/2030
86,677
95,000
CCO
Holdings
LLC
4.75%
(a)
02/01/2032
77,871
365,000
Centene
Corp.
3.00%
10/15/2030
312,368
75,000
Central
Parent
LLC
8.00%
(a)
06/15/2029
76,212
320,000
Cheniere
Energy,
Inc.
4.63%
10/15/2028
310,788
40,000
Chord
Energy
Corp.
6.38%
(a)
06/01/2026
40,023
30,000
CHS/Community
Health
Systems,
Inc.
6.00%
(a)
01/15/2029
26,502
555,000
Citigroup,
Inc.
(SOFR
+
1.35%)
3.06%
01/25/2033
471,589
105,000
Citizens
Financial
Group,
Inc.
(SOFR
+
2.33%)
6.65%
04/25/2035
108,584
95,000
Civitas
Resources,
Inc.
8.38%
(a)
07/01/2028
99,663
25,000
Clear
Channel
Outdoor
Holdings,
Inc.
7.75%
(a)
04/15/2028
21,904
155,000
CNH
Industrial
Capital
LLC
5.10%
04/20/2029
154,427
60,000
CNX
Resources
Corp.
6.00%
(a)
01/15/2029
58,762
65,000
Coty,
Inc.
5.00%
(a)
04/15/2026
64,193
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
235,000
Coty,
Inc.
6.63%
(a)
07/15/2030
238,663
65,000
Cougar
JV
Subsidiary
LLC
8.00%
(a)
05/15/2032
67,267
327,000
Crown
Castle,
Inc.
3.65%
09/01/2027
310,911
400,000
CSX
Corp.
3.80%
11/01/2046
309,472
155,000
CVS
Health
Corp.
5.30%
06/01/2033
151,548
230,000
CVS
Health
Corp.
5.88%
06/01/2053
220,556
85,000
Dealer
Tire
LLC
8.00%
(a)
02/01/2028
82,171
145,000
Directv
Financing
LLC
5.88%
(a)
08/15/2027
136,506
628,000
Dollar
Tree,
Inc.
4.00%
05/15/2025
619,078
120,000
Dornoch
Debt
Merger
Sub,
Inc.
6.63%
(a)
10/15/2029
102,180
246,000
DTE
Energy
Co.
5.85%
06/01/2034
249,695
105,000
Duke
Energy
Corp.
5.00%
08/15/2052
91,308
85,000
Dun
&
Bradstreet
Corp.
(The)
5.00%
(a)
12/15/2029
79,013
285,000
Elevance
Health,
Inc.
2.38%
01/15/2025
280,116
110,000
Elevance
Health,
Inc.
4.55%
05/15/2052
92,302
115,000
EMRLD
Borrower
LP
6.63%
(a)
12/15/2030
116,041
75,000
EMRLD
Borrower
LP
6.75%
(a)
07/15/2031
75,984
281,000
Energy
Transfer
LP
5.95%
05/15/2054
273,805
75,000
Entergy
Arkansas
LLC
5.75%
06/01/2054
74,536
250,000
Entergy
Louisiana
LLC
4.75%
09/15/2052
216,080
170,000
Equinix,
Inc.
3.90%
04/15/2032
154,644
300,000
Equinix,
Inc.
2.95%
09/15/2051
185,322
360,000
Essential
Utilities,
Inc.
2.70%
04/15/2030
313,209
80,000
Everi
Holdings,
Inc.
5.00%
(a)
07/15/2029
78,751
160,000
Eversource
Energy
5.50%
01/01/2034
157,057
310,000
Expedia
Group,
Inc.
5.00%
02/15/2026
307,820
345,000
Expedia
Group,
Inc.
3.25%
02/15/2030
311,111
130,000
F&G
Annuities
&
Life,
Inc.
6.50%
06/04/2029
129,630
75,000
Ferrellgas
LP
5.38%
(a)
04/01/2026
73,425
35,000
Fertitta
Entertainment
LLC
6.75%
(a)
01/15/2030
30,763
310,000
Fiserv,
Inc.
5.45%
03/15/2034
308,196
190,000
Ford
Motor
Co.
3.25%
02/12/2032
157,120
210,000
Fortrea
Holdings,
Inc.
7.50%
(a)
07/01/2030
208,916
135,000
Fortress
Transportation
and
Infrastructure
Investors
LLC
7.88%
(a)
12/01/2030
141,421
60,000
Frontier
Communications
Holdings
LLC
5.88%
(a)
10/15/2027
58,637
75,000
Frontier
Communications
Holdings
LLC
6.75%
(a)
05/01/2029
68,869
55,000
Frontier
Communications
Holdings
LLC
8.63%
(a)
03/15/2031
56,716
65,000
Full
House
Resorts,
Inc.
8.25%
(a)
02/15/2028
62,491
|
June
30,
2024
15
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
350,000
General
Motors
Financial
Co.,
Inc.
2.40%
10/15/2028
309,439
260,000
Genesee
&
Wyoming,
Inc.
6.25%
(a)
04/15/2032
259,351
85,000
Gilead
Sciences,
Inc.
5.55%
10/15/2053
84,930
155,000
Global
Payments,
Inc.
4.95%
08/15/2027
153,516
595,000
Goldman
Sachs
Group,
Inc.
(The)
(SOFR
+
0.82%)
6.18%
09/10/2027
594,288
70,000
Gray
Television,
Inc.
10.50%
(a)
07/15/2029
70,445
105,000
Griffon
Corp.
5.75%
03/01/2028
101,407
40,000
Gulfport
Energy
Corp.
8.00%
(a)
05/17/2026
40,487
130,000
Harvest
Midstream
I
LP
7.50%
(a)
05/15/2032
132,130
395,000
HCA,
Inc.
5.25%
06/15/2049
352,386
125,000
Hewlett
Packard
Enterprise
Co.
5.90%
10/01/2024
124,993
210,000
Hilcorp
Energy
I
LP
5.75%
(a)
02/01/2029
203,367
20,000
Hilcorp
Energy
I
LP
8.38%
(a)
11/01/2033
21,330
81,000
Home
Depot,
Inc.
(The)
4.95%
06/25/2034
80,187
315,000
Host
Hotels
&
Resorts
LP
5.70%
07/01/2034
309,765
350,000
Host
Hotels
&
Resorts
LP
3.50%
09/15/2030
309,394
55,000
HUB
International
Ltd.
7.25%
(a)
06/15/2030
56,422
320,000
Hyatt
Hotels
Corp.
5.25%
06/30/2029
317,468
310,000
Hyundai
Capital
America
5.30%
(a)
01/08/2029
308,859
75,000
Illuminate
Buyer
LLC
9.00%
(a)
07/01/2028
75,676
205,000
IQVIA,
Inc.
6.25%
02/01/2029
210,854
210,000
Iron
Mountain,
Inc.
7.00%
(a)
02/15/2029
213,906
100,000
JBS
USA
Holding
Lux
Sarl
5.13%
02/01/2028
98,912
155,000
JPMorgan
Chase
&
Co.
(SOFR
+
1.99%)
4.85%
07/25/2028
153,449
735,000
JPMorgan
Chase
&
Co.
(SOFR
+
1.26%)
2.96%
01/25/2033
626,928
305,000
Keurig
Dr
Pepper,
Inc.
5.20%
03/15/2031
304,480
291,000
Kinder
Morgan
Energy
Partners
LP
6.95%
01/15/2038
315,875
120,000
Kodiak
Gas
Services
LLC
7.25%
(a)
02/15/2029
123,105
105,000
Legacy
LifePoint
Health
LLC
4.38%
(a)
02/15/2027
100,389
100,000
Level
3
Financing,
Inc.
10.50%
(a)
04/15/2029
100,250
105,000
LifePoint
Health,
Inc.
11.00%
(a)
10/15/2030
115,817
170,000
LifePoint
Health,
Inc.
10.00%
(a)
06/01/2032
174,023
50,000
Light
&
Wonder
International,
Inc.
7.25%
(a)
11/15/2029
51,104
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
45,000
Live
Nation
Entertainment,
Inc.
6.50%
(a)
05/15/2027
45,298
95,000
Lowe's
Cos.,
Inc.
5.63%
04/15/2053
92,056
75,000
Macy's
Retail
Holdings
LLC
5.88%
(a)
04/01/2029
72,853
55,000
Madison
IAQ
LLC
4.13%
(a)
06/30/2028
51,342
150,000
Madison
IAQ
LLC
5.88%
(a)
06/30/2029
139,702
60,000
Markel
Group,
Inc.
6.00%
05/16/2054
59,426
320,000
Marriott
International,
Inc.
5.30%
05/15/2034
314,307
228,000
Marvell
Technology,
Inc.
5.95%
09/15/2033
235,670
107,000
MasTec,
Inc.
5.90%
06/15/2029
107,536
100,000
Matador
Resources
Co.
6.50%
(a)
04/15/2032
100,082
75,000
Match
Group
Holdings
II
LLC
5.00%
(a)
12/15/2027
71,972
40,000
Mavis
Tire
Express
Services
Topco
Corp.
6.50%
(a)
05/15/2029
37,325
155,000
McDonald's
Corp.
5.45%
08/14/2053
149,819
55,000
McGraw-Hill
Education,
Inc.
5.75%
(a)
08/01/2028
53,088
60,000
Medline
Borrower
LP
6.25%
(a)
04/01/2029
60,754
150,000
Medline
Borrower
LP
5.25%
(a)
10/01/2029
143,265
410,000
Meta
Platforms,
Inc.
4.45%
08/15/2052
353,712
85,000
Michaels
Cos.,
Inc.
(The)
5.25%
(a)
05/01/2028
68,097
40,000
Michaels
Cos.,
Inc.
(The)
7.88%
(a)
05/01/2029
25,715
135,000
Midwest
Gaming
Borrower
LLC
4.88%
(a)
05/01/2029
125,860
135,000
Miter
Brands
Acquisition
Holdco,
Inc.
6.75%
(a)
04/01/2032
136,045
85,000
ModivCare
Escrow
Issuer,
Inc.
5.00%
(a)
10/01/2029
59,985
157,000
MPLX
LP
5.50%
06/01/2034
154,685
50,000
Nationstar
Mortgage
Holdings,
Inc.
5.75%
(a)
11/15/2031
47,039
100,000
NCL
Corp.
Ltd.
8.38%
(a)
02/01/2028
104,575
140,000
Netflix,
Inc.
4.88%
04/15/2028
139,323
325,000
NextEra
Energy
Capital
Holdings,
Inc.
5.55%
03/15/2054
311,249
71,000
NextEra
Energy
Capital
Holdings,
Inc.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.46%)
6.75%
06/15/2054
71,585
95,000
NGL
Energy
Operating
LLC
8.13%
(a)
02/15/2029
96,869
315,000
NiSource,
Inc.
5.35%
04/01/2034
309,084
325,000
Northrop
Grumman
Corp.
5.20%
06/01/2054
304,562
80,000
NuStar
Logistics
LP
6.00%
06/01/2026
79,928
47,000
Oglethorpe
Power
Corp.
5.80%
(a)
06/01/2054
46,032
16
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
165,000
OneMain
Finance
Corp.
7.50%
05/15/2031
167,102
145,000
ONEOK,
Inc.
6.63%
09/01/2053
154,856
25,000
Oracle
Corp.
6.25%
11/09/2032
26,473
35,000
Oracle
Corp.
3.80%
11/15/2037
28,855
65,000
Outfront
Media
Capital
LLC
7.38%
(a)
02/15/2031
67,726
125,000
Owens
&
Minor,
Inc.
6.63%
(a)
04/01/2030
113,767
149,000
Owens
Corning
5.70%
06/15/2034
150,441
286,000
Pacific
Gas
and
Electric
Co.
6.95%
03/15/2034
308,201
345,000
Packaging
Corp.
of
America
3.00%
12/15/2029
308,875
60,000
Pactiv
Evergreen
Group
Issuer
LLC
4.38%
(a)
10/15/2028
56,078
100,000
Panther
Escrow
Issuer
LLC
7.13%
(a)
06/01/2031
101,220
195,000
Park
Intermediate
Holdings
LLC
7.00%
(a)
02/01/2030
197,487
115,000
PennyMac
Financial
Services,
Inc.
7.88%
(a)
12/15/2029
118,675
318,000
Penske
Truck
Leasing
Co.
LP
4.20%
(a)
04/01/2027
309,039
65,000
Permian
Resources
Operating
LLC
7.00%
(a)
01/15/2032
66,817
160,000
Philip
Morris
International,
Inc.
5.25%
02/13/2034
157,029
115,000
Pike
Corp.
8.63%
(a)
01/31/2031
121,966
95,000
Qorvo,
Inc.
1.75%
12/15/2024
93,150
174,000
Quanta
Services,
Inc.
2.35%
01/15/2032
141,474
155,000
Regal
Rexnord
Corp.
6.05%
02/15/2026
155,459
80,000
Roller
Bearing
Co.
of
America,
Inc.
4.38%
(a)
10/15/2029
73,719
271,000
Royal
Caribbean
Cruises
Ltd.
5.38%
(a)
07/15/2027
267,022
75,000
Royal
Caribbean
Cruises
Ltd.
6.25%
(a)
03/15/2032
75,677
169,000
Royalty
Pharma
plc
5.15%
09/02/2029
167,610
280,000
Sabine
Pass
Liquefaction
LLC
5.00%
03/15/2027
277,727
125,000
San
Diego
Gas
&
Electric
Co.
5.35%
04/01/2053
118,249
253,000
Schlumberger
Holdings
Corp.
5.00%
(a)
11/15/2029
251,184
75,000
Scientific
Games
Holdings
LP
6.63%
(a)
03/01/2030
73,161
100,000
Sealed
Air
Corp.
7.25%
(a)
02/15/2031
103,085
95,000
Sirius
XM
Radio,
Inc.
5.50%
(a)
07/01/2029
89,311
45,000
Sitio
Royalties
Operating
Partnership
LP
7.88%
(a)
11/01/2028
46,564
165,000
Six
Flags
Entertainment
Corp.
6.63%
(a)
05/01/2032
167,783
280,000
Sotera
Health
Holdings
LLC
7.38%
(a)
06/01/2031
280,766
308,000
Southern
California
Edison
Co.
5.45%
06/01/2031
310,323
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
335,000
Southern
Co.
(The)
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%)
3.75%
09/15/2051
315,272
80,000
Standard
Industries,
Inc.
4.38%
(a)
07/15/2030
72,348
130,000
Station
Casinos
LLC
6.63%
(a)
03/15/2032
129,456
95,000
Suburban
Propane
Partners
LP
5.00%
(a)
06/01/2031
85,633
190,000
Sun
Communities
Operating
LP
2.70%
07/15/2031
156,994
310,000
Take-Two
Interactive
Software,
Inc.
4.95%
03/28/2028
307,210
60,000
Tallgrass
Energy
Partners
LP
7.38%
(a)
02/15/2029
60,339
125,000
Tenet
Healthcare
Corp.
6.13%
06/15/2030
124,312
160,000
T-Mobile
USA,
Inc.
5.15%
04/15/2034
157,318
155,000
T-Mobile
USA,
Inc.
5.50%
01/15/2055
149,576
155,000
Townsquare
Media,
Inc.
6.88%
(a)
02/01/2026
152,762
85,000
TransDigm,
Inc.
5.50%
11/15/2027
83,540
100,000
TransDigm,
Inc.
6.88%
(a)
12/15/2030
102,169
70,875
Transocean
Poseidon
Ltd.
6.88%
(a)
02/01/2027
70,841
43,000
Transocean,
Inc.
8.00%
(a)
02/01/2027
42,885
175,000
Trident
TPI
Holdings,
Inc.
12.75%
(a)
12/31/2028
191,355
60,000
UKG,
Inc.
6.88%
(a)
02/01/2031
60,794
50,000
United
Airlines,
Inc.
4.63%
(a)
04/15/2029
46,606
120,000
United
Natural
Foods,
Inc.
6.75%
(a)
10/15/2028
108,450
250,000
UnitedHealth
Group,
Inc.
5.05%
04/15/2053
231,728
115,000
UnitedHealth
Group,
Inc.
4.95%
05/15/2062
102,419
55,000
Univision
Communications,
Inc.
7.38%
(a)
06/30/2030
51,203
60,000
Vail
Resorts,
Inc.
6.50%
(a)
05/15/2032
60,755
95,000
Venture
Global
LNG,
Inc.
8.13%
(a)
06/01/2028
97,946
35,000
Venture
Global
LNG,
Inc.
8.38%
(a)
06/01/2031
36,329
45,000
Venture
Global
LNG,
Inc.
9.88%
(a)
02/01/2032
49,007
305,000
Veralto
Corp.
5.35%
(a)
09/18/2028
306,383
155,000
Verisk
Analytics,
Inc.
5.25%
06/05/2034
152,686
315,000
Verizon
Communications,
Inc.
5.50%
02/23/2054
308,582
330,000
VICI
Properties
LP
4.63%
(a)
12/01/2029
312,559
210,000
Victra
Holdings
LLC
7.75%
(a)
02/15/2026
209,043
135,000
Viking
Cruises
Ltd.
5.88%
(a)
09/15/2027
133,688
195,000
Viking
Cruises
Ltd.
9.13%
(a)
07/15/2031
211,355
60,000
Vistra
Operations
Co.
LLC
7.75%
(a)
10/15/2031
62,531
80,000
Vistra
Operations
Co.
LLC
6.88%
(a)
04/15/2032
81,275
55,000
Vital
Energy,
Inc.
7.88%
(a)
04/15/2032
55,953
50,000
VT
Topco,
Inc.
8.50%
(a)
08/15/2030
52,561
|
June
30,
2024
17
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
75,000
Wand
NewCo
3,
Inc.
7.63%
(a)
01/30/2032
77,523
60,000
WASH
Multifamily
Acquisition,
Inc.
5.75%
(a)
04/15/2026
58,710
100,000
Weatherford
International
Ltd.
8.63%
(a)
04/30/2030
103,708
120,000
Wells
Fargo
&
Co.
(SOFR
+
1.98%)
4.81%
07/25/2028
118,371
385,000
Wells
Fargo
&
Co.
(SOFR
+
1.74%)
5.57%
07/25/2029
388,563
200,000
Williams
Cos.,
Inc.
(The)
5.15%
03/15/2034
195,207
319,000
Willis
North
America,
Inc.
4.50%
09/15/2028
310,101
330,000
Workday,
Inc.
3.70%
04/01/2029
309,687
60,000
WR
Grace
Holdings
LLC
5.63%
(a)
08/15/2029
55,365
315,000
WRKCo,
Inc.
3.75%
03/15/2025
310,656
155,000
XHR
LP
4.88%
(a)
06/01/2029
145,400
140,000
XPO,
Inc.
7.13%
(a)
06/01/2031
143,166
Total
US
Corporate
Bonds
(Cost
$41,701,375)
41,958,128
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
21.4%
FHLMC
STRIPS
,
1,979,140
Series
358-300
3.00%
10/15/2047
1,764,866
FHLMC
UMBS
,
1,344,450
Pool
RA7930
4.50%
09/01/2052
1,270,039
1,794,848
Pool
RA7939
5.00%
09/01/2052
1,739,776
1,334,622
Pool
SD2347
5.50%
02/01/2053
1,332,528
3,235,790
Pool
SD2969
2.50%
05/01/2052
2,693,134
1,784,501
Pool
SD3033
5.50%
05/01/2053
1,798,694
316,542
Pool
SD3454
5.50%
08/01/2053
314,311
1,586,760
Pool
SD3803
2.00%
02/01/2052
1,265,906
1,479,304
Pool
SD3892
5.50%
09/01/2053
1,466,373
1,172,152
Pool
SD4301
6.00%
11/01/2053
1,191,854
1,065,270
Pool
SD4888
6.00%
02/01/2054
1,078,088
993,161
Pool
SD5219
6.00%
04/01/2054
1,002,358
2,954,461
Pool
SD5249
5.50%
04/01/2054
2,950,776
2,424,000
Pool
SD5617
6.00%
06/01/2054
2,466,205
1,263,265
Pool
SD8146
2.00%
05/01/2051
995,648
FNMA
REMICS
,
1,456,827
Series
2018-53-Z
3.50%
07/25/2048
1,259,438
1,557,549
Series
2018-62-B
3.50%
09/25/2048
1,387,582
2,633,697
Series
2019-5-FE
(SOFR
30
Day
Average
+
0.56%,
0.45%
Floor,
6.50%
Cap)
5.90%
03/25/2049
2,586,204
FNMA
UMBS
,
2,093,592
Pool
BR2217
2.50%
08/01/2051
1,742,076
3,426,636
Pool
CA6032
2.50%
06/01/2050
2,853,281
1,821,157
Pool
CB4573
5.00%
09/01/2052
1,766,557
676,376
Pool
CB6266
6.00%
05/01/2053
682,429
1,052,947
Pool
CB7272
6.00%
10/01/2053
1,062,989
957,837
Pool
CB7781
5.50%
01/01/2054
946,467
1,872,820
Pool
FS1472
3.50%
11/01/2050
1,679,567
2,741,744
Pool
FS3708
5.00%
01/01/2053
2,655,833
2,030,894
Pool
FS4165
2.50%
04/01/2052
1,688,972
1,223,046
Pool
FS5082
5.00%
02/01/2053
1,199,541
1,778,874
Pool
FS5420
2.50%
03/01/2052
1,476,798
1,869,649
Pool
FS5600
2.50%
06/01/2052
1,556,267
994,313
Pool
FS6309
6.00%
12/01/2053
1,007,693
2,862,217
Pool
FS6517
2.50%
04/01/2052
2,385,556
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
GNMA
,
1,173,228
Pool
785717
3.00%
11/20/2051
1,016,910
2,806,651
Pool
786184
3.00%
02/20/2052
2,446,472
830,816
Pool
786227
3.00%
04/20/2052
720,097
1,899,855
Pool
MA5191
3.50%
05/20/2048
1,726,785
1,133,923
Series
2013-116-WU
3.00%
12/20/2042
1,094,652
1,136,384
Series
2021-58-HP
3.00%
08/20/2050
982,886
1,051,748
Series
2022-23-BA
3.00%
05/20/2049
935,836
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$60,430,119)
60,191,444
US
GOVERNMENT
AND
AGENCY
OBLIGATIONS
21.3%
5,650,000
U.S.
Treasury
Bonds
1.13%
05/15/2040
3,478,943
34,950,000
U.S.
Treasury
Bonds
1.38%
11/15/2040
22,066,284
11,000,000
U.S.
Treasury
Notes
0.75%
03/31/2026
10,259,863
1,300,000
U.S.
Treasury
Notes
0.75%
01/31/2028
1,141,613
9,150,000
U.S.
Treasury
Notes
0.63%
05/15/2030
7,398,275
9,650,000
U.S.
Treasury
Notes
0.63%
08/15/2030
7,735,832
9,700,000
U.S.
Treasury
Notes
0.88%
11/15/2030
7,848,096
Total
US
Government
and
Agency
Obligations
(Cost
$60,290,929)
59,928,906
SHORT
TERM
INVESTMENTS
3.0%
4,158,975
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.25%
(f)
4,158,975
4,158,975
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.22%
(f)
4,158,975
Total
Short
Term
Investments
(Cost
$8,317,950)
8,317,950
Total
Investments
100.2%
(Cost
$280,311,909)
280,907,899
Liabilities
in
Excess
of
Other
Assets
(0.2)%
(465,254)
NET
ASSETS
100.0%
$280,442,645
18
DoubleLine
ETF
Trust
INVESTMENT
BREAKDOWN
as
a
%
of
Net
Assets:
US
Government
and
Agency
Mortgage
Backed
Obligations
21
.4
%
US
Government
and
Agency
Obligations
21
.3
Non-Agency
Residential
Collateralized
Mortgage
Obligations
10
.3
Asset
Backed
Obligations
8
.8
Non-Agency
Commercial
Mortgage
Backed
Obligations
5
.3
Collateralized
Loan
Obligations
4
.6
Short
Term
Investments
3
.0
Banking
2
.9
Electric
2
.1
Technology
1
.4
Midstream
1
.2
Healthcare
0
.9
Transportation
Services
0
.9
Finance
Companies
0
.8
Metals
and
Mining
0
.8
Government
Owned,
No
Guarantee
0
.8
Retailers
0
.6
Pharmaceuticals
0
.5
Wireless
0
.5
Wirelines
0
.5
Building
Materials
0
.4
Media
Entertainment
0
.4
Leisure
0
.4
Chemicals
0
.4
Diversified
Manufacturing
0
.4
Consumer
Cyclical
Services
0
.4
Other
REITs
0
.4
P&C
0
.4
Oil
Field
Services
0
.4
Aerospace
&
Defense
0
.4
Health
Insurance
0
.4
Software
0
.4
Food
and
Beverage
0
.4
Automotive
0
.4
Railroads
0
.3
Gaming
0
.3
Insurance
0
.3
Independent
0
.3
Hotels,
Restaurants
&
Leisure
0
.2
Life
0
.2
Lodging
0
.2
Paper
0
.2
Integrated
0
.2
Financial
Services
0
.2
Health
Care
Providers
&
Services
0
.2
Cable
Satellite
0
.2
Other
Industrial
0
.2
Commercial
Services
&
Supplies
0
.2
Consumer
Products
0
.1
Passenger
Airlines
0
.1
Specialty
Retail
0
.1
Local
Authority
0
.1
Airlines
0
.1
Health
Care
Equipment
&
Supplies
0
.1
Packaging
0
.1
Other
Utility
0
.1
Natural
Gas
0
.1
Office
REITs
0
.1
Government
Sponsored
0
.1
Machinery
0
.1
Tobacco
0
.1
Construction
Machinery
0
.1
Refining
0
.1
Apartment
REITs
0
.1
INVESTMENT
BREAKDOWN
as
a
%
of
Net
Assets:
(Cont.)
IT
Services
0
.1
%
Brokerage,
Asset
Managers
&
Exchanges
0
.1
Retail
REITs
0
.1
Entertainment
0
.1
Diversified
Consumer
Services
0
.1
Restaurants
0
.1
Distributors
0
.1
Beverages
0
.1
Construction
&
Engineering
0
.1
Other
Financial
0
.1
Leisure
Products
0
.1
Capital
Markets
0
.1
Diversified
Telecommunication
Services
0.0
(g)
Oil,
Gas
&
Consumable
Fuels
0.0
(g)
Containers
&
Packaging
0.0
(g)
Building
Products
0.0
(g)
Ground
Transportation
0.0
(g)
Media
0.0
(g)
Household
Products
0.0
(g)
Professional
Services
0.0
(g)
Independent
Power
and
Renewable
Electricity
Producers
0.0
(g)
Energy
Equipment
&
Services
0.0
(g)
Household
Durables
0.0
(g)
Electric
Utilities
0.0
(g)
Other
Assets
and
Liabilities
(
0
.2
)
100
.0
%
|
June
30,
2024
19
Schedule
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
(Unaudited)
June
30,
2024
(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)
Perpetual
maturity.
The
date
disclosed
is
the
next
call
date
of
the
security.
(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
SOFR
Secured
Overnight
Financing
Rate
UMBS
Uniform
Mortgage
Backed
Securities
STACR
Structured
Agency
Credit
Risk
REMIC
Real
Estate
Mortgage
Investment
Conduit
Futures
Contracts
Description
Long/Short
Contract
Quantity
Expiration
Date
Notional
Amount
(1)
Unrealized
Appreciation
(Depreciation)
/
Value
U.S.
Treasury
10
Year
Ultra
Bond
Long
10
09/19/2024
$
1,135,313
$
17,244
U.S.
Treasury
5
Year
Note
Long
195
09/30/2024
20,782,734
188,493
U.S.
Treasury
2
Year
Note
Long
760
09/30/2024
155,206,250
547,232
U.S.
Treasury
Ultra
Bond
Short
(13)
09/19/2024
(
1,629,469
)
(
39,537
)
$713,432
(1)
Notional
Amount
is
determined
based
on
the
number
of
contracts
multiplied
by
the
contract
size
and
the
quoted
daily
settlement
price
in
US
dollars.
Schedule
of
Investments
DoubleLine
Shiller
CAPE
®
U.S.
Equities
ETF
(Unaudited)
June
30,
2024
20
DoubleLine
ETF
Trust
SHARES
SECURITY
DESCRIPTION
VALUE
$
COMMON
STOCKS
99.8%
AUTOMOBILE
COMPONENTS
0.2%
7,430
Aptiv
plc
(a)
523,220
6,044
BorgWarner,
Inc.
194,859
718,079
AUTOMOBILES
4.4%
102,977
Ford
Motor
Co.
1,291,332
30,516
General
Motors
Co.
1,417,773
71,360
Tesla,
Inc.
(a)
14,120,717
16,829,822
BANKS
6.5%
113,536
Bank
of
America
Corp.
4,515,327
31,390
Citigroup,
Inc.
1,992,009
7,691
Citizens
Financial
Group,
Inc.
277,107
2,172
Comerica,
Inc.
110,859
11,272
Fifth
Third
Bancorp
411,315
23,956
Huntington
Bancshares,
Inc.
315,740
47,636
JPMorgan
Chase
&
Co.
9,634,857
15,497
KeyCorp
220,212
2,734
M&T
Bank
Corp.
413,818
6,564
PNC
Financial
Services
Group,
Inc.
(The)
1,020,571
15,263
Regions
Financial
Corp.
305,871
22,001
Truist
Financial
Corp.
854,739
25,829
US
Bancorp
1,025,411
59,479
Wells
Fargo
&
Co.
3,532,458
24,630,294
BEVERAGES
4.7%
7,165
Brown-Forman
Corp.
-
Class
B
309,456
135,922
Coca-Cola
Co.
(The)
8,651,436
6,382
Constellation
Brands,
Inc.
-
Class
A
1,641,961
41,398
Keurig
Dr
Pepper,
Inc.
1,382,693
7,345
Molson
Coors
Beverage
Co.
-
Class
B
373,346
29,190
Monster
Beverage
Corp.
(a)
1,458,041
24,851
PepsiCo,
Inc.
4,098,675
17,915,608
BROADLINE
RETAIL
6.6%
124,992
Amazon.com,
Inc.
(a)
24,154,704
13,697
eBay,
Inc.
735,803
3,163
Etsy,
Inc.
(a)
186,554
25,077,061
CAPITAL
MARKETS
5.4%
1,656
Ameriprise
Financial,
Inc.
707,427
12,517
Bank
of
New
York
Mellon
Corp.
(The)
749,643
2,301
BlackRock,
Inc.
1,811,623
11,867
Blackstone,
Inc.
1,469,135
1,742
Cboe
Global
Markets,
Inc.
296,245
24,594
Charles
Schwab
Corp.
(The)
1,812,332
5,936
CME
Group,
Inc.
1,167,018
629
FactSet
Research
Systems,
Inc.
256,802
4,963
Franklin
Resources,
Inc.
110,923
5,381
Goldman
Sachs
Group,
Inc.
(The)
2,433,934
9,434
Intercontinental
Exchange,
Inc.
1,291,420
7,405
Invesco
Ltd.
110,779
625
MarketAxess
Holdings,
Inc.
125,331
2,598
Moody's
Corp.
1,093,576
20,658
Morgan
Stanley
2,007,751
1,309
MSCI,
Inc.
630,611
6,287
Nasdaq,
Inc.
378,855
3,383
Northern
Trust
Corp.
284,104
3,109
Raymond
James
Financial,
Inc.
384,303
5,299
S&P
Global,
Inc.
2,363,354
SHARES
SECURITY
DESCRIPTION
VALUE
$
4,984
State
Street
Corp.
368,816
3,698
T
Rowe
Price
Group,
Inc.
426,416
20,280,398
CONSUMER
FINANCE
1.0%
9,418
American
Express
Co.
2,180,738
6,278
Capital
One
Financial
Corp.
869,189
4,127
Discover
Financial
Services
539,853
6,710
Synchrony
Financial
316,645
3,906,425
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
8.2%
15,546
Costco
Wholesale
Corp.
13,213,944
8,736
Dollar
General
Corp.
1,155,161
8,230
Dollar
Tree,
Inc.
(a)
878,717
26,306
Kroger
Co.
(The)
1,313,459
19,769
Sysco
Corp.
1,411,309
18,383
Target
Corp.
2,721,419
28,452
Walgreens
Boots
Alliance,
Inc.
344,127
149,687
Walmart,
Inc.
10,135,307
31,173,443
DISTRIBUTORS
0.3%
3,690
Genuine
Parts
Co.
510,400
7,044
LKQ
Corp.
292,960
1,020
Pool
Corp.
313,477
1,116,837
DIVERSIFIED
TELECOMMUNICATION
SERVICES
2.2%
232,521
AT&T,
Inc.
4,443,476
98,225
Verizon
Communications,
Inc.
4,050,799
8,494,275
ENTERTAINMENT
5.1%
30,917
Electronic
Arts,
Inc.
4,307,666
18,422
Live
Nation
Entertainment,
Inc.
(a)
1,726,878
6,693
Netflix,
Inc.
(a)
4,516,972
20,559
Take-Two
Interactive
Software,
Inc.
(a)
3,196,719
33,793
Walt
Disney
Co.
(The)
3,355,307
287,739
Warner
Bros
Discovery,
Inc.
(a)
2,140,778
19,244,320
FINANCIAL
SERVICES
7.7%
29,995
Berkshire
Hathaway,
Inc.
-
Class
B
(a)
12,201,966
1,191
Corpay,
Inc.
(a)
317,294
9,780
Fidelity
National
Information
Services,
Inc.
737,021
9,897
Fiserv,
Inc.
(a)
1,475,049
4,303
Global
Payments,
Inc.
416,100
1,200
Jack
Henry
&
Associates,
Inc.
199,224
13,608
Mastercard,
Inc.
-
Class
A
6,003,305
17,851
PayPal
Holdings,
Inc.
(a)
1,035,894
26,041
Visa,
Inc.
-
Class
A
6,834,981
29,220,834
FOOD
PRODUCTS
3.5%
21,153
Archer-Daniels-Midland
Co.
1,278,699
5,772
Bunge
Global
SA
616,276
7,863
Campbell
Soup
Co.
355,329
18,989
Conagra
Brands,
Inc.
539,667
22,546
General
Mills,
Inc.
1,426,261
5,956
Hershey
Co.
(The)
1,094,891
11,497
Hormel
Foods
Corp.
350,544
4,225
J
M
Smucker
Co.
(The)
460,694
10,461
Kellanova
603,390
31,647
Kraft
Heinz
Co.
(The)
1,019,666
5,727
Lamb
Weston
Holdings,
Inc.
481,526
10,016
McCormick
&
Co.,
Inc.
(Non-Voting)
710,535
|
June
30,
2024
21
SHARES
SECURITY
DESCRIPTION
VALUE
$
53,479
Mondelez
International,
Inc.
-
Class
A
3,499,667
11,358
Tyson
Foods,
Inc.
-
Class
A
648,996
13,086,141
HOTELS,
RESTAURANTS
&
LEISURE
5.8%
11,488
Airbnb,
Inc.
-
Class
A
(a)
1,741,925
919
Booking
Holdings,
Inc.
3,640,619
5,719
Caesars
Entertainment,
Inc.
(a)
227,273
26,701
Carnival
Corp.
(a)
499,843
36,076
Chipotle
Mexican
Grill,
Inc.
(a)
2,260,161
3,151
Darden
Restaurants,
Inc.
476,809
923
Domino's
Pizza,
Inc.
476,573
3,443
Expedia
Group,
Inc.
(a)
433,784
6,645
Hilton
Worldwide
Holdings,
Inc.
1,449,939
9,782
Las
Vegas
Sands
Corp.
432,854
6,509
Marriott
International,
Inc.
-
Class
A
1,573,681
14,700
McDonald's
Corp.
3,746,147
7,237
MGM
Resorts
International
(a)
321,612
11,275
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
211,857
6,232
Royal
Caribbean
Cruises
Ltd.
(a)
993,568
29,987
Starbucks
Corp.
2,334,488
2,523
Wynn
Resorts
Ltd.
225,809
7,426
Yum!
Brands,
Inc.
983,648
22,030,590
HOUSEHOLD
DURABLES
1.1%
7,896
DR
Horton,
Inc.
1,112,782
4,049
Garmin
Ltd.
659,663
6,524
Lennar
Corp.
-
Class
A
977,752
1,393
Mohawk
Industries,
Inc.
(a)
158,231
85
NVR,
Inc.
(a)
645,028
5,605
PulteGroup,
Inc.
617,111
4,170,567
HOUSEHOLD
PRODUCTS
5.4%
9,796
Church
&
Dwight
Co.,
Inc.
1,015,649
4,934
Clorox
Co.
(The)
673,343
32,720
Colgate-Palmolive
Co.
3,175,149
13,380
Kimberly-Clark
Corp.
1,849,116
82,290
Procter
&
Gamble
Co.
(The)
13,571,267
20,284,524
INSURANCE
4.0%
8,685
Aflac,
Inc.
775,657
4,322
Allstate
Corp.
(The)
690,051
11,585
American
International
Group,
Inc.
860,070
3,298
Aon
plc
-
Class
A
968,227
6,114
Arch
Capital
Group
Ltd.
(a)
616,841
3,576
Arthur
J
Gallagher
&
Co.
927,293
856
Assurant,
Inc.
142,310
3,901
Brown
&
Brown,
Inc.
348,788
6,671
Chubb
Ltd.
1,701,639
2,588
Cincinnati
Financial
Corp.
305,643
716
Everest
Group
Ltd.
272,810
1,418
Globe
Life,
Inc.
116,673
4,920
Hartford
Financial
Services
Group,
Inc.
(The)
494,657
2,986
Loews
Corp.
223,174
8,098
Marsh
&
McLennan
Cos.,
Inc.
1,706,410
10,121
MetLife,
Inc.
710,393
3,617
Principal
Financial
Group,
Inc.
283,754
9,639
Progressive
Corp.
(The)
2,002,116
5,941
Prudential
Financial,
Inc.
696,226
3,753
Travelers
Cos.,
Inc.
(The)
763,135
3,339
W
R
Berkley
Corp.
262,379
1,690
Willis
Towers
Watson
plc
443,017
15,311,263
SHARES
SECURITY
DESCRIPTION
VALUE
$
INTERACTIVE
MEDIA
&
SERVICES
12.7%
74,839
Alphabet,
Inc.
-
Class
A
13,631,924
62,621
Alphabet,
Inc.
-
Class
C
11,485,944
35,173
Match
Group,
Inc.
(a)
1,068,556
42,535
Meta
Platforms,
Inc.
-
Class
A
21,446,997
47,633,421
LEISURE
PRODUCTS
0.1%
3,444
Hasbro,
Inc.
201,474
MEDIA
4.1%
12,846
Charter
Communications,
Inc.
-
Class
A
(a)
3,840,440
94,979
Comcast
Corp.
-
Class
A
3,719,378
31,004
Fox
Corp.
-
Class
A
1,065,607
17,093
Fox
Corp.
-
Class
B
547,318
49,497
Interpublic
Group
of
Cos.,
Inc.
(The)
1,439,868
48,954
News
Corp.
-
Class
A
1,349,662
14,779
News
Corp.
-
Class
B
419,576
25,576
Omnicom
Group,
Inc.
2,294,167
62,616
Paramount
Global
-
Class
B
650,580
15,326,596
PERSONAL
CARE
PRODUCTS
0.6%
9,250
Estee
Lauder
Cos.,
Inc.
(The)
-
Class
A
984,200
76,270
Kenvue,
Inc.
1,386,589
2,370,789
SPECIALTY
RETAIL
5.8%
457
AutoZone,
Inc.
(a)
1,354,594
5,972
Bath
&
Body
Works,
Inc.
233,207
5,051
Best
Buy
Co.,
Inc.
425,749
4,181
CarMax,
Inc.
(a)
306,635
25,604
Home
Depot,
Inc.
(The)
8,813,920
15,184
Lowe's
Cos.,
Inc.
3,347,464
1,560
O'Reilly
Automotive,
Inc.
(a)
1,647,454
8,880
Ross
Stores,
Inc.
1,290,442
30,096
TJX
Cos.,
Inc.
(The)
3,313,569
2,853
Tractor
Supply
Co.
770,310
1,284
Ulta
Beauty,
Inc.
(a)
495,457
21,998,801
TEXTILES,
APPAREL
&
LUXURY
GOODS
1.2%
680
Deckers
Outdoor
Corp.
(a)
658,206
3,047
Lululemon
Athletica,
Inc.
(a)
910,139
32,266
NIKE,
Inc.
-
Class
B
2,431,888
1,031
Ralph
Lauren
Corp.
180,487
6,077
Tapestry,
Inc.
260,035
4,440,755
TOBACCO
2.0%
69,905
Altria
Group,
Inc.
3,184,173
43,664
Philip
Morris
International,
Inc.
4,424,473
7,608,646
WIRELESS
TELECOMMUNICATION
SERVICES
1.2%
25,207
T-Mobile
US,
Inc.
4,440,969
Total
Common
Stocks
(Cost
$346,356,839)
377,511,932
SHORT
TERM
INVESTMENTS
0.2%
351,841
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.25%
(b)
351,841
22
DoubleLine
ETF
Trust
Schedule
of
Investments
DoubleLine
Shiller
CAPE
®
U.S.
Equities
ETF
(Cont.)
(Unaudited)
June
30,
2024
SHARES
SECURITY
DESCRIPTION
VALUE
$
351,841
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.22%
(b)
351,841
Total
Short
Term
Investments
(Cost
$703,682)
703,682
Total
Investments
100.0%
(Cost
$347,060,521)
378,215,614
Other
Assets
in
Excess
of
Liabilities
0.0%
(c)
131,805
NET
ASSETS
100.0%
$378,347,419
(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,
2024
|
June
30,
2024
23
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
ASSET
BACKED
OBLIGATIONS
10.8%
ACREC
LLC
,
1,000,000
Series
2023-FL2-B
(CME
Term
SOFR
1
Month
+
3.48%,
3.48%
Floor)
8.81%
(a)
02/19/2038
1,013,336
Arbor
Realty
Commercial
Real
Estate
Notes
Ltd.
,
2,280,000
Series
2022-FL1-A
(SOFR
30
Day
Average
+
1.45%,
1.45%
Floor)
6.78%
(a)
01/15/2037
2,273,860
AREIT
Trust
,
245,359
Series
2021-CRE5-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.52%
(a)
11/17/2038
244,904
BDS
,
689,328
Series
2021-FL8-A
(CME
Term
SOFR
1
Month
+
1.03%,
0.92%
Floor)
6.37%
(a)
01/18/2036
691,157
BSPRT
Issuer
Ltd.
,
2,000,000
Series
2023-FL10-A
(CME
Term
SOFR
1
Month
+
2.26%,
2.26%
Floor)
7.59%
(a)
09/15/2035
2,021,218
BXMT
Ltd.
,
555,978
Series
2020-FL2-A
(CME
Term
SOFR
1
Month
+
1.01%,
1.01%
Floor)
6.34%
(a)
02/15/2038
535,337
FS
Rialto
,
2,000,000
Series
2019-FL1-B
(CME
Term
SOFR
1
Month
+
2.01%,
1.90%
Floor)
7.34%
(a)
12/16/2036
1,986,822
GPMT
Ltd.
,
120,000
Series
2021-FL4-AS
(CME
Term
SOFR
1
Month
+
1.81%,
1.70%
Floor)
7.16%
(a)
12/15/2036
115,733
Greystone
CRE
Notes
Ltd.
,
550,000
Series
2021-FL3-B
(CME
Term
SOFR
1
Month
+
1.76%,
1.65%
Floor)
7.09%
(a)
07/15/2039
544,319
HERA
Commercial
Mortgage
Ltd.
,
506,102
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.16%,
1.05%
Floor)
6.50%
(a)
02/18/2038
498,716
HGI
CRE
CLO
Ltd.
,
282,315
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.16%,
1.16%
Floor)
6.49%
(a)
06/16/2036
281,750
KREF
Ltd.
,
250,000
Series
2022-FL3-AS
(CME
Term
SOFR
1
Month
+
1.90%,
1.90%
Floor)
7.24%
(a)
02/17/2039
247,326
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
LoanCore
Issuer
Ltd.
,
1,425,000
Series
2021-CRE5-
AS
(CME
Term
SOFR
1
Month
+
1.86%,
1.86%
Floor)
7.19%
(a)
07/15/2036
1,407,481
Ready
Capital
Mortgage
Financing
LLC
,
536,766
Series
2021-FL7-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.66%
(a)
11/25/2036
536,362
TRTX
Issuer
Ltd.
,
1,500,000
Series
2022-FL5-AS
(CME
Term
SOFR
1
Month
+
2.15%,
2.15%
Floor)
7.48%
(a)
02/15/2039
1,479,876
VMC
Finance
LLC
,
1,844,494
Series
2022-FL5-A
(SOFR
30
Day
Average
+
1.90%,
1.90%
Floor)
7.23%
(a)
02/18/2039
1,841,511
Total
Asset
Backed
Obligations
(Cost
$15,649,349)
15,719,708
COLLATERALIZED
LOAN
OBLIGATIONS
15.8%
Arbor
Realty
Commercial
Real
Estate
Notes
Ltd.
,
723,052
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.08%,
0.97%
Floor)
6.41%
(a)
12/15/2035
722,087
1,443,882
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.18%,
1.18%
Floor)
6.51%
(a)
08/15/2034
1,439,940
BRSP
Ltd.
,
1,449,433
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.26%,
1.15%
Floor)
6.60%
(a)
08/19/2038
1,434,571
BSPDF
Issuer
Ltd.
,
462,902
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.64%
(a)
10/15/2036
458,923
BSPRT
Issuer
Ltd.
,
889,930
Series
2021-FL6-A
(CME
Term
SOFR
1
Month
+
1.21%,
1.10%
Floor)
6.54%
(a)
03/15/2036
885,600
FS
Rialto
,
1,313,536
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.33%,
1.33%
Floor)
6.66%
(a)
05/16/2038
1,302,893
1,899,532
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.36%,
1.36%
Floor)
6.69%
(a)
11/16/2036
1,897,465
GPMT
Ltd.
,
780,352
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.36%,
1.36%
Floor)
6.70%
(a)
07/16/2035
772,029
24
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
1,749,620
Series
2021-FL4-A
(CME
Term
SOFR
1
Month
+
1.46%,
1.35%
Floor)
6.81%
(a)
12/15/2036
1,718,338
HGI
CRE
CLO
Ltd.
,
832,135
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.11%,
1.11%
Floor)
6.44%
(a)
09/17/2036
828,862
KREF
Ltd.
,
1,387,188
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.18%,
1.07%
Floor)
6.51%
(a)
02/15/2039
1,370,603
LCCM
Trust
,
767,501
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.56%,
1.56%
Floor)
6.89%
(a)
11/15/2038
761,770
LFT
CRE
Ltd.
,
1,283,079
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.28%,
1.28%
Floor)
6.61%
(a)
06/15/2039
1,285,006
LoanCore
Issuer
Ltd.
,
517,362
Series
2021-CRE5-A
(CME
Term
SOFR
1
Month
+
1.41%,
1.41%
Floor)
6.74%
(a)
07/15/2036
514,988
805,265
Series
2021-CRE6-A
(CME
Term
SOFR
1
Month
+
1.41%,
1.30%
Floor)
6.74%
(a)
11/15/2038
801,810
MF1
Multifamily
Housing
Mortgage
Loan
Trust
,
1,013,209
Series
2021-FL6-A
(CME
Term
SOFR
1
Month
+
1.21%,
1.10%
Floor)
6.55%
(a)
07/16/2036
1,009,225
1,031,615
Series
2021-FL7-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.53%
(a)
10/16/2036
1,027,402
1,000,000
Series
2021-FL7-B
(CME
Term
SOFR
1
Month
+
1.86%,
1.75%
Floor)
7.20%
(a)
10/16/2036
976,994
1,500,000
Series
2023-FL12-C
(CME
Term
SOFR
1
Month
+
3.78%,
3.78%
Floor)
9.12%
(a)
10/19/2038
1,510,694
STWD
Ltd.
,
104,785
Series
2019-FL1-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.19%
Floor)
6.52%
(a)
07/15/2038
104,501
1,000,000
Series
2019-FL1-AS
(CME
Term
SOFR
1
Month
+
1.51%,
1.51%
Floor)
6.84%
(a)
07/15/2038
988,665
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
TRTX
Issuer
Ltd.
,
1,236,574
Series
2022-FL5-A
(CME
Term
SOFR
1
Month
+
1.65%,
1.65%
Floor)
6.98%
(a)
02/15/2039
1,228,512
Total
Collateralized
Loan
Obligations
(Cost
$22,738,134)
23,040,878
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
56.1%
Austin
Fairmont
Hotel
Trust
,
1,500,000
Series
2019-FAIR-A
(CME
Term
SOFR
1
Month
+
1.10%,
1.05%
Floor)
6.43%
(a)
09/15/2032
1,497,827
BANK
,
130,443
Series
2019-BN22-A1
2.08%
11/15/2062
129,650
515,047
Series
2021-BN33-A1
0.61%
05/15/2064
491,429
650,000
Series
2021-BN36-A2
2.13%
09/15/2064
591,984
640,650
Series
2022-BNK39-A1
1.74%
02/15/2055
607,504
130,276
Series
2023-BNK45-A1
5.43%
02/15/2056
129,921
894,764
Series
2023-BNK46-A1
6.01%
08/15/2056
899,433
1,950,000
Series
2024-BNK47-A1
5.52%
06/15/2057
1,958,213
BANK5
,
419,923
Series
2023-5YR2-A1
6.20%
07/15/2056
423,830
925,000
Series
2024-5YR7-A1
5.82%
06/15/2057
926,648
1,000,000
Series
2024-5YR7-A2
5.79%
06/15/2057
1,014,787
BANK5
Trust
,
1,904,494
Series
2024-5YR6-A1
5.86%
05/15/2057
1,919,107
BBCMS
Mortgage
Trust
,
107,755
Series
2017-C1-ASB
3.49%
02/15/2050
104,781
608,692
Series
2023-C19-A1
5.70%
04/15/2056
608,031
936,117
Series
2023-C22-A1
6.36%
11/15/2056
954,572
806,654
Series
2024-5C25-A1
5.49%
03/15/2057
808,335
1,250,000
Series
2024-5C27-A2
5.55%
07/15/2057
1,260,397
2,118,134
Series
2024-C24-A1
5.23%
02/15/2057
2,099,546
BBCMS
Trust
,
550,000
Series
2018-CBM-A
(CME
Term
SOFR
1
Month
+
1.30%,
1.25%
Floor)
6.63%
(a)
07/15/2037
540,468
Benchmark
Mortgage
Trust
,
1,048,740
Series
2018-B2-A2
3.66%
02/15/2051
1,028,681
1,250,000
Series
2018-B3-A3
3.75%
04/10/2051
1,230,697
12,911,212
Series
2019-B14-XA
0.89%
(b)(c)
12/15/2062
304,010
1,800,000
Series
2019-B15-A2
2.91%
12/15/2072
1,693,608
100,360
Series
2020-B21-A1
0.54%
12/17/2053
98,157
361,572
Series
2023-V2-A1
5.85%
05/15/2055
360,492
14,076,200
Series
2023-V2-XA
1.22%
(b)(c)
05/15/2055
455,547
338,183
Series
2024-V5-A1
5.32%
01/10/2057
336,322
1,650,000
Series
2024-V7-A1
5.63%
05/15/2056
1,663,206
1,000,000
Series
2024-V7-A2
5.77%
05/15/2056
1,016,854
|
June
30,
2024
25
Schedule
of
Investments
DoubleLine
Commercial
Real
Estate
ETF
(Cont.)
(Unaudited)
June
30,
2024
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
BMARK
,
677,630
Series
2023-V4-A1
6.45%
11/15/2056
687,489
BMO
Mortgage
Trust
,
493,556
Series
2022-C1-A1
2.20%
02/15/2055
472,519
130,724
Series
2022-C3-A1
5.43%
(b)
09/15/2054
129,727
530,322
Series
2023-5C2-A1
6.80%
11/15/2056
539,429
1,628,313
Series
2023-C7-A1
5.90%
12/15/2056
1,639,652
85,000
Series
2024-5C3-A1
5.14%
02/15/2057
84,519
1,977,391
Series
2024-5C4-A1
6.02%
05/15/2057
1,995,460
1,408,000
Series
2024-C9-A1
5.48%
07/15/2057
1,407,997
BX
Commercial
Mortgage
Trust
,
409,752
Series
2019-IMC-A
(CME
Term
SOFR
1
Month
+
1.05%,
1.00%
Floor)
6.38%
(a)
04/15/2034
405,452
906,233
Series
2020-VKNG-A
(CME
Term
SOFR
1
Month
+
1.04%,
0.93%
Floor)
6.37%
(a)
10/15/2037
901,549
565,907
Series
2021-ACNT-A
(CME
Term
SOFR
1
Month
+
0.96%,
0.85%
Floor)
6.29%
(a)
11/15/2038
559,647
1,250,000
Series
2021-CIP-A
(CME
Term
SOFR
1
Month
+
1.04%,
0.92%
Floor)
6.36%
(a)
12/15/2038
1,237,012
1,759,000
Series
2021-VOLT-A
(CME
Term
SOFR
1
Month
+
0.81%,
0.70%
Floor)
6.14%
(a)
09/15/2036
1,738,289
1,330,386
Series
2021-XL2-A
(CME
Term
SOFR
1
Month
+
0.80%,
0.69%
Floor)
6.13%
(a)
10/15/2038
1,317,167
BX
Trust
,
1,000,000
Series
2024-VLT4-A
(CME
Term
SOFR
1
Month
+
1.49%,
1.49%
Floor)
6.81%
(a)
07/15/2029
1,000,367
CEDR
Commercial
Mortgage
Trust
,
1,000,000
Series
2022-SNAI-A
(CME
Term
SOFR
1
Month
+
0.99%,
0.99%
Floor)
6.32%
(a)
02/15/2039
942,018
Citigroup
Commercial
Mortgage
Trust
,
750,000
Series
2015-GC27-A5
3.14%
02/10/2048
741,240
999,938
Series
2015-P1-A4
3.46%
09/15/2048
982,343
500,000
Series
2015-P1-A5
3.72%
09/15/2048
487,599
1,250,000
Series
2016-P4-A4
2.90%
07/10/2049
1,182,480
890,901
Series
2017-P7-A3
3.44%
04/14/2050
847,029
64,460
Series
2020-GC46-A1
1.85%
02/15/2053
63,527
Cold
Storage
Trust
,
1,331,952
Series
2020-ICE5-A
(CME
Term
SOFR
1
Month
+
1.01%,
0.90%
Floor)
6.34%
(a)
11/15/2037
1,327,519
Commercial
Mortgage
Trust
,
1,419,784
Series
2014-CR17-A5
3.98%
05/10/2047
1,406,725
355,277
Series
2014-CR18-AM
4.10%
07/15/2047
354,284
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
304,833
Series
2014-UBS5-A4
3.84%
09/10/2047
303,623
1,250,000
Series
2015-CR25-A4
3.76%
08/10/2048
1,220,449
320,000
Series
2015-LC21-A4
3.71%
07/10/2048
313,486
600,000
Series
2015-PC1-A5
3.90%
07/10/2050
590,540
1,000,000
Series
2016-COR1-A4
3.09%
10/10/2049
936,822
CORE
Mortgage
Trust
,
140,327
Series
2019-CORE-B
(CME
Term
SOFR
1
Month
+
1.15%,
1.10%
Floor)
6.48%
(a)
12/15/2031
136,216
CSAIL
Commercial
Mortgage
Trust
,
1,031,473
Series
2015-C3-A3
3.45%
08/15/2048
1,015,169
68,396
Series
2020-C19-A1
1.30%
03/15/2053
66,971
CSMC
Trust
,
1,600,000
Series
2016-NXSR-A4
3.79%
(b)
12/15/2049
1,530,032
Extended
Stay
America
Trust
,
1,497,861
Series
2021-ESH-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.52%
(a)
07/15/2038
1,493,229
GS
Mortgage
Securities
Trust
,
369,036
Series
2013-GC13-AS
3.98%
(a)(b)
07/10/2046
353,177
200,000
Series
2015-GC28-B
3.98%
02/10/2048
195,755
1,000,000
Series
2015-GC34-A4
3.51%
10/10/2048
957,781
28,857
Series
2020-GC45-A1
2.02%
02/13/2053
28,774
HTL
Commercial
Mortgage
Trust
,
2,000,000
Series
2024-T53-A
6.07%
(a)(b)
05/10/2039
1,998,192
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
,
618,086
Series
2016-JP3-A4
2.63%
08/15/2049
585,594
JPMBB
Commercial
Mortgage
Securities
Trust
,
629,176
Series
2015-C30-A4
3.55%
07/15/2048
616,550
500,634
Series
2015-C31-A3
3.80%
08/15/2048
488,862
680,000
Series
2015-C32-A5
3.60%
11/15/2048
654,874
500,000
Series
2015-C33-AS
4.02%
12/15/2048
482,231
JPMCC
Commercial
Mortgage
Securities
Trust
,
380,671
Series
2017-JP5-A4
3.46%
03/15/2050
363,207
LCCM
Trust
,
538,125
Series
2017-LC26-A3
3.29%
(a)
07/12/2050
509,532
Med
Trust
,
1,492,836
Series
2021-MDLN-C
(CME
Term
SOFR
1
Month
+
1.91%,
1.80%
Floor)
7.24%
(a)
11/15/2038
1,493,931
MF1
Multifamily
Housing
Mortgage
Loan
Trust
,
1,500,000
Series
2021-FL5-B
(CME
Term
SOFR
1
Month
+
1.56%,
1.56%
Floor)
6.89%
(a)
07/15/2036
1,493,802
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
,
104,505
Series
2014-C18-A4
3.92%
10/15/2047
103,981
739,068
Series
2014-C19-A3
3.25%
12/15/2047
735,277
1,000,000
Series
2015-C23-AS
4.00%
(b)
07/15/2050
973,468
Morgan
Stanley
Capital
I
,
1,337,539
Series
2017-HR2-A3
3.33%
12/15/2050
1,251,153
26
DoubleLine
ETF
Trust
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Morgan
Stanley
Capital
I
Trust
,
1,000,000
Series
2016-UBS9-A4
3.59%
03/15/2049
958,095
MSWF
Commercial
Mortgage
Trust
,
167,802
Series
2023-1-A1
5.54%
05/15/2056
167,104
1,350,769
Series
2023-2-A1
5.96%
12/15/2056
1,357,024
PFP
Ltd.
,
194,545
Series
2021-8-A
(CME
Term
SOFR
1
Month
+
1.11%,
1.00%
Floor)
6.44%
(a)
08/09/2037
193,881
UBS
Commercial
Mortgage
Trust
,
1,600,366
Series
2018-C8-A3
3.72%
02/15/2051
1,514,617
WB
Commercial
Mortgage
Trust
,
1,000,000
Series
2024-HQ-A
6.13%
(a)(b)
03/15/2040
1,002,849
Wells
Fargo
Commercial
Mortgage
Trust
,
89,765
Series
2015-C27-A4
3.19%
02/15/2048
88,679
1,000,000
Series
2015-C27-A5
3.45%
02/15/2048
982,262
1,250,000
Series
2015-C30-A4
3.66%
09/15/2058
1,220,413
1,000,000
Series
2015-LC22-A4
3.84%
09/15/2058
974,307
328,000
Series
2015-NXS3-AS
3.97%
(b)
09/15/2057
317,469
1,000,000
Series
2015-P2-A4
3.81%
12/15/2048
973,322
745,461
Series
2016-BNK1-A2
2.40%
08/15/2049
703,730
725,000
Series
2016-C33-A4
3.43%
03/15/2059
697,843
1,250,000
Series
2016-C34-A4
3.10%
06/15/2049
1,196,574
WFRBS
Commercial
Mortgage
Trust
,
125,391
Series
2013-C14-AS
3.49%
06/15/2046
120,202
500,000
Series
2014-C22-A5
3.75%
09/15/2057
494,765
165,810
Series
2014-C23-A4
3.65%
10/15/2057
165,078
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$80,956,141)
81,625,968
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
1.2%
AREIT
Trust
,
1,037,311
Series
2022-CRE6-A
(SOFR
30
Day
Average
+
1.25%,
1.25%
Floor)
6.58%
(a)
01/20/2037
1,034,287
BXMT
Ltd.
,
703,098
Series
2020-FL3-A
(CME
Term
SOFR
1
Month
+
1.51%,
1.51%
Floor)
6.84%
(a)
11/15/2037
686,812
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$1,696,472)
1,721,099
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
13.5%
FHLMC
,
1,150,000
Pool
WN2424
5.10%
06/01/2028
1,148,776
1,500,000
Pool
WN2557
4.65%
12/01/2028
1,483,024
FHLMC
Multifamily
Structured
Pass-Through
Certificates
,
350,000
Series
K068-A2
3.24%
08/25/2027
333,572
1,720,000
Series
K509-A2
4.85%
09/25/2028
1,716,857
2,259,826
Series
K751-A1
4.37%
03/25/2030
2,229,470
FNMA
,
1,810,000
Pool
AN1461
2.59%
05/01/2026
1,728,055
457,608
Pool
AN5468
3.22%
05/01/2027
437,562
438,444
Pool
AN7502
3.15%
11/01/2027
416,267
1,100,000
Pool
BL0240
3.54%
11/01/2025
1,073,236
690,000
Pool
BL0245
3.43%
11/01/2025
672,217
1,731,806
Pool
BL4949
2.48%
11/01/2029
1,556,673
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
750,000
Pool
BS7662
4.90%
03/01/2028
746,812
1,500,000
Pool
BZ0122
4.69%
01/01/2029
1,492,167
750,000
Pool
BZ0238
5.79%
01/01/2029
762,840
FNMA
ACES
,
4,186,425
Series
2022-M13-A1
2.68%
(b)
04/25/2032
3,874,360
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$19,611,378)
19,671,888
SHORT
TERM
INVESTMENTS
3.8%
2,771,171
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.25%
(d)
2,771,171
2,771,171
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.22%
(d)
2,771,171
Total
Short
Term
Investments
(Cost
$5,542,342)
5,542,342
Total
Investments
101.2%
(Cost
$146,193,816)
147,321,883
Liabilities
in
Excess
of
Other
Assets
(1.2)%
(1,723,438)
NET
ASSETS
100.0%
$145,598,445
|
June
30,
2024
27
Schedule
of
Investments
DoubleLine
Commercial
Real
Estate
ETF
(Cont.)
(Unaudited)
June
30,
2024
(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.
Abbreviations:
FHLMC
Federal
Home
Loan
Mortgage
Corporation
FNMA
Federal
National
Mortgage
Association
SOFR
Secured
Overnight
Financing
Rate
ACES
Alternative
Credit
Enhancement
Securities
Schedule
of
Investments
DoubleLine
Mortgage
ETF
(Unaudited)
June
30,
2024
28
DoubleLine
ETF
Trust
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
15.4%
CIM
Trust
,
870,382
Series
2023-R4-A1
5.00%
(a)(b)
05/25/2062
854,998
Connecticut
Avenue
Securities
Trust
,
835,462
Series
2023-R07-
2M1
(SOFR
30
Day
Average
+
1.95%)
7.29%
(b)
09/25/2043
842,052
2,000,000
Series
2024-R01-
1M2
(SOFR
30
Day
Average
+
1.80%,
1.80%
Floor)
7.14%
(b)
01/25/2044
2,030,399
1,500,000
Series
2024-R02-
1M2
(SOFR
30
Day
Average
+
1.80%,
1.80%
Floor)
7.14%
(b)
02/25/2044
1,517,115
CSMC
Trust
,
916,495
Series
2018-RPL9-A
3.85%
(a)(b)
09/25/2057
864,379
1,005,546
Series
2021-RPL3-A1
2.00%
(a)(b)
01/25/2060
868,898
Deephaven
Residential
Mortgage
Trust
,
821,486
Series
2022-2-A1
4.30%
(a)(b)
03/25/2067
780,491
FHLMC
STACR
REMIC
Trust
,
638,077
Series
2021-HQA3-M1
(SOFR
30
Day
Average
+
0.85%)
6.19%
(b)
09/25/2041
636,928
1,000,000
Series
2022-DNA3-
M1B
(SOFR
30
Day
Average
+
2.90%)
8.24%
(b)
04/25/2042
1,040,517
1,495,121
Series
2023-HQA2-
M1A
(SOFR
30
Day
Average
+
2.00%)
7.34%
(b)
06/25/2043
1,508,703
6,000,000
Series
2024-DNA1-M2
(SOFR
30
Day
Average
+
1.95%)
7.29%
(b)
02/25/2044
6,069,090
6,000,000
Series
2024-HQA1-M2
(SOFR
30
Day
Average
+
2.00%)
7.34%
(b)
03/25/2044
6,043,397
New
Residential
Mortgage
Loan
Trust
,
5,420,121
Series
2024-NQM1-A1
6.13%
(b)(c)
03/25/2064
5,437,757
OBX
Trust
,
1,347,225
Series
2023-NQM10-A1
6.46%
(b)(c)
10/25/2063
1,354,843
812,971
Series
2023-NQM3-A1
5.95%
(b)(c)
02/25/2063
810,166
1,631,568
Series
2023-NQM5-A1A
6.57%
(b)(c)
06/25/2063
1,644,799
1,843,570
Series
2024-NQM1-A2
6.25%
(b)(c)
11/25/2063
1,841,376
958,140
Series
2024-NQM4-A1
6.07%
(b)(c)
01/25/2064
957,340
1,956,594
Series
2024-NQM6-A1
6.45%
(b)(c)
02/25/2064
1,972,356
Verus
Securitization
Trust
,
1,595,687
Series
2023-5-A1
6.48%
(b)(c)
06/25/2068
1,599,348
881,955
Series
2023-7-A1
7.07%
(b)(c)
10/25/2068
897,242
1,778,256
Series
2023-8-A1
6.26%
(b)(c)
12/25/2068
1,785,039
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
939,557
Series
2023-INV3-A1
6.88%
(a)(b)
11/25/2068
955,492
1,861,603
Series
2024-1-A2
5.92%
(b)(c)
01/25/2069
1,850,671
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$43,877,396)
44,163,396
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
94.5%
FHLMC
REMICS
,
2,111,295
Series
4631-GF
(SOFR
30
Day
Average
+
0.61%,
0.50%
Floor,
6.50%
Cap)
5.95%
11/15/2046
2,075,877
1,343,073
Series
5008-DI
3.00%
(d)
09/25/2050
182,419
6,423,669
Series
5083-IH
2.50%
(d)
03/25/2051
991,842
3,133,983
Series
5092-FK
(SOFR
30
Day
Average
+
0.70%,
0.70%
Floor,
4.00%
Cap)
4.00%
03/25/2051
2,373,651
6,208,468
Series
5188-IA
3.00%
(d)
02/25/2052
987,619
FHLMC
UMBS
,
5,838,978
Pool
QH2160
6.00%
10/01/2053
5,937,116
5,483,246
Pool
RA2853
2.50%
06/01/2050
4,519,793
3,102,818
Pool
RA9431
5.50%
07/01/2053
3,080,946
4,555,453
Pool
SD0500
3.00%
08/01/2050
3,964,269
2,443,773
Pool
SD2912
5.00%
05/01/2053
2,378,994
4,694,174
Pool
SD2969
2.50%
05/01/2052
3,906,940
2,061,372
Pool
SD3139
3.50%
07/01/2052
1,826,301
4,156,418
Pool
SD3354
5.00%
06/01/2053
4,018,979
2,872,765
Pool
SD3592
5.50%
08/01/2053
2,847,654
2,855,289
Pool
SD3745
6.00%
09/01/2053
2,883,211
4,790,274
Pool
SD4270
2.00%
02/01/2052
3,816,645
4,801,657
Pool
SD4296
2.00%
02/01/2052
3,812,056
5,803,538
Pool
SD4400
2.00%
02/01/2051
4,622,679
10,716,261
Pool
SD4608
2.50%
08/01/2051
8,946,974
4,874,320
Pool
SD4650
5.00%
01/01/2054
4,740,922
4,710,759
Pool
SD4794
6.50%
01/01/2054
4,867,544
2,871,513
Pool
SD4888
6.00%
02/01/2054
2,906,064
7,185,046
Pool
SD5525
5.50%
06/01/2054
7,171,095
2,953,000
Pool
SD5617
6.00%
06/01/2054
3,004,415
6,401,804
Pool
SD7550
3.00%
02/01/2052
5,569,210
4,897,813
Pool
SD7565
5.50%
09/01/2053
4,886,529
7,293,666
Pool
SD7567
5.50%
02/01/2054
7,301,358
2,958,684
Pool
SD8288
5.00%
01/01/2053
2,863,675
4,714,940
Pool
SD8373
6.00%
11/01/2053
4,731,318
FNMA
REMICS
,
1,332,715
Series
2017-99-PY
4.00%
12/25/2047
1,225,079
3,687,263
Series
2021-3-NI
2.50%
(d)
02/25/2051
554,869
5,880,104
Series
2021-88-KI
3.50%
(d)
03/25/2046
1,007,178
6,023,841
Series
2021-94-
3.00%
(d)
01/25/2052
1,030,300
5,312,807
Series
2023-51-BI
3.50%
(d)
04/25/2053
1,014,046
5,895,860
Series
2024-9-BI
3.00%
(d)
03/25/2051
1,018,824
FNMA
UMBS
,
7,476,296
Pool
CA6032
2.50%
06/01/2050
6,225,339
3,199,076
Pool
CB6266
6.00%
05/01/2053
3,227,705
9,689,998
Pool
CB7270
6.00%
10/01/2053
9,798,106
2,873,512
Pool
CB7781
5.50%
01/01/2054
2,839,402
1,927,186
Pool
CB8020
6.50%
02/01/2054
1,965,238
4,666,549
Pool
FM4752
2.50%
11/01/2050
3,888,103
5,990,373
Pool
FM7529
3.00%
05/01/2051
5,168,857
2,150,271
Pool
FM8533
2.50%
03/01/2051
1,795,676
6,248,356
Pool
FS0984
3.00%
04/01/2052
5,396,482
4,000,549
Pool
FS2040
2.00%
02/01/2052
3,141,455
|
June
30,
2024
29
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
4,868,290
Pool
FS2141
3.50%
06/01/2052
4,340,946
5,562,207
Pool
FS5600
2.50%
06/01/2052
4,629,895
2,833,172
Pool
FS5704
2.00%
04/01/2052
2,237,066
5,590,678
Pool
FS6476
2.50%
11/01/2051
4,650,238
4,762,000
Pool
FS6480
2.50%
11/01/2051
3,975,934
11,636,080
Pool
FS6744
2.50%
10/01/2051
9,703,273
3,882,388
Pool
FS7114
5.50%
02/01/2054
3,864,062
7,067,723
Pool
FS7738
6.00%
03/01/2054
7,186,526
3,723,903
Pool
MA3357
4.00%
05/01/2048
3,468,495
4,760,697
Pool
MA4492
2.00%
12/01/2051
3,735,543
3,791,697
Pool
MA4733
4.50%
09/01/2052
3,579,021
466,194
Pool
MA5038
5.00%
06/01/2053
450,800
2,750,671
Pool
MA5039
5.50%
06/01/2053
2,715,158
FNMA/FHLMC
UMBS,
30
Year,
Single
Family
,
6,094,000
Pool
3.00%
(e)
07/25/2054
5,184,661
28,100,000
Pool
6.00%
(e)
07/25/2054
28,182,324
GNMA
,
6,027,696
Series
2015-124-VZ
3.50%
09/20/2045
5,492,122
984,007
Series
2016-116-DF
(CME
Term
SOFR
1
Month
+
0.51%,
0.40%
Floor,
6.50%
Cap)
5.85%
09/20/2046
964,114
3,362,841
Series
2018-146-Z
3.50%
10/20/2048
3,004,070
17,547
Series
2018-22-GZ
3.00%
02/20/2048
15,193
1,390,222
Series
2019-31-GF
(CME
Term
SOFR
1
Month
+
0.56%,
0.45%
Floor,
6.50%
Cap)
5.90%
03/20/2049
1,368,460
17,567,639
Series
2020-151-MI
2.50%
(d)
10/20/2050
2,453,818
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
3,541,578
Series
2020-153-CI
2.50%
(d)
10/20/2050
464,603
10,718,759
Series
2020-167-WI
4.00%
(d)
08/20/2046
1,718,592
2,927,082
Series
2020-17-IG
3.00%
(d)
02/20/2050
459,418
4,007,047
Series
2020-183-JI
2.50%
(d)
11/20/2050
594,213
2,141,448
Series
2021-142-
3.00%
(d)
08/20/2051
342,238
4,004,876
Series
2021-206-AI
3.50%
(d)
11/20/2051
706,001
6,208,300
Series
2021-57-JI
3.00%
(d)
03/20/2051
977,224
8,096,754
Series
2022-83-
2.50%
(d)
11/20/2051
1,146,917
5,171,526
Series
2023-24-IH
3.50%
(d)
07/20/2051
962,279
6,167,223
Series
2024-24-BI
3.00%
(d)
12/20/2051
993,699
8,938,618
Series
2024-79-CI
3.50%
(d)
02/20/2052
1,540,070
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$272,434,218)
271,619,727
SHORT
TERM
INVESTMENTS
0.9%
1,250,727
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.25%
(f)
1,250,727
1,250,727
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.22%
(f)
1,250,727
Total
Short
Term
Investments
(Cost
$2,501,454)
2,501,454
Total
Investments
110.8%
(Cost
$318,813,068)
318,284,577
Liabilities
in
Excess
of
Other
Assets
(10.8)%
(31,035,868)
NET
ASSETS
100.0%
$287,248,709
(a)
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.
(b)
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.
(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)
Interest
only
security.
(e)
Represents
or
includes
a
TBA
transaction.
(f)
Seven-day
yield
as
of
period
end.
Abbreviations:
FHLMC
Federal
Home
Loan
Mortgage
Corporation
FNMA
Federal
National
Mortgage
Association
GNMA
Government
National
Mortgage
Association
SOFR
Secured
Overnight
Financing
Rate
UMBS
Uniform
Mortgage
Backed
Securities
STACR
Structured
Agency
Credit
Risk
REMIC
Real
Estate
Mortgage
Investment
Conduit
30
DoubleLine
ETF
Trust
Schedule
of
Investments
DoubleLine
Mortgage
ETF
(Cont.)
(Unaudited)
June
30,
2024
Futures
Contracts
Description
Long/Short
Contract
Quantity
Expiration
Date
Notional
Amount
(1)
Unrealized
Appreciation
(Depreciation)
/
Value
U.S.
Treasury
10
Year
Ultra
Bond
Long
60
09/19/2024
$
6,811,875
$
70,417
U.S.
Treasury
Long
Bond
Long
141
09/19/2024
16,682,063
314,121
U.S.
Treasury
5
Year
Note
Long
255
09/30/2024
27,177,422
246,490
U.S.
Treasury
2
Year
Note
Long
330
09/30/2024
67,392,188
(
61,666
)
$569,362
(1)
Notional
Amount
is
determined
based
on
the
number
of
contracts
multiplied
by
the
contract
size
and
the
quoted
daily
settlement
price
in
US
dollars.
Schedule
of
Investments
DoubleLine
Commodity
Strategy
ETF
(Consolidated)
(Unaudited)
June
30,
2024
|
June
30,
2024
31
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
SHORT
TERM
INVESTMENTS
99.7%
1,393,097
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.25%
(a)(b)
1,393,097
1,393,097
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.22%
(a)(b)
1,393,097
2,700,000
U.S.
Treasury
Bills
0.00%
(b)
07/11/2024
2,696,065
2,000,000
U.S.
Treasury
Bills
0.00%
(b)
07/30/2024
1,991,550
10,100,000
U.S.
Treasury
Bills
0.00%
(b)
09/10/2024
9,995,810
Total
Short
Term
Investments
(Cost
$17,469,513)
17,469,619
Total
Investments
99.7%
(Cost
$17,469,513)
17,469,619
Other
Assets
in
Excess
of
Liabilities
0.3%
45,486
NET
ASSETS
100.0%
$17,515,105
(a)
Seven-day
yield
as
of
period
end.
(b)
All
or
a
portion
of
this
security
is
owned
by
DoubleLine
Commodity
ETF
Ltd.,
which
is
a
wholly-owned
subsidiary
of
the
DoubleLine
Commodity
Strategy
ETF.
Excess
Return
Swaps
Reference
Entity
Counterparty
Long/Short
Financing
Rate
Payment
Frequency
Termination
Date
Notional
Amount
Value
Upfront
Premiums
Paid/
(Received)
Unrealized
Appreciation
(Depreciation)
Barclays
Backwardation
Tilt
Multi-Strategy
Index
(1)(2)
Barclays
Bank
Plc
Long
0.25%
Termination
07/24/2024
$
17,500,000
$
49,348
$
—
$
49,348
$49,348
$—
$49,348
(1)
All
or
a
portion
of
this
security
is
owned
by
DoubleLine
Commodity
ETF
Ltd.,
which
is
a
wholly-owned
subsidiary
of
the
DoubleLine
Commodity
Strategy
ETF.
(2)
Barclays
Backwardation
Tilt
Multi-Strategy
Index
seeks
to
capture
two
sources
of
potential
outperformance
in
commodity
futures
markets.
The
first
source
of
potential
outperformance
comes
through
selecting,
for
each
relevant
commodity,
the
eligible
futures
contract
that
is
expected
to
offer
the
best
outperformance
relative
to
the
front-month
contract
rolling
exposure
used
by
the
Bloomberg
Commodity
Index.
This
is
achieved
through
the
use
of
certain
futures
contract
selection
methodologies
referred
to
together
as
“Multi-Strategy.”
These
Multi-Strategy
methodologies
select
a
futures
contract
for
each
commodity
that
may
differ
from
the
futures
contract
selected
by
the
Bloomberg
Commodity
Index,
based
on
the
factors
described
above
including
carry,
seasonality
and
momentum.
The
second
source
of
potential
outperformance
comes
through
overweighting
(relative
to
the
weightings
in
the
Bloomberg
Commodity
Index)
the
exposure
of
the
Barclays
Index
to
the
futures
contracts
of
commodities
that
exhibit
the
highest
degree
of
backwardation
in
the
term
structures
of
their
futures
contracts,
while
simultaneously
underweighting
the
exposure
to
the
futures
contracts
of
commodities
that
exhibit
a
lower
degree
of
backwardation.
Historically,
the
commodities
with
a
higher
degree
of
backwardation
have
generally
had
better
historical
average
performance
than
the
commodities
with
a
lower
degree
of
backwardation.
Information
on
the
index
constituents
as
of
period
end,
is
available
on
the
Barclays
Capital,
Inc.
website
at
https://indices.cib.barclays/IM/12/en/indices/
details.app;ticker=BXCS1496.
Schedule
of
Investments
DoubleLine
Fortune
500
Equal
Weight
ETF
(Unaudited)
June
30,
2024
32
DoubleLine
ETF
Trust
SHARES
SECURITY
DESCRIPTION
VALUE
$
COMMON
STOCKS
99.4%
AEROSPACE
&
DEFENSE
1.9%
153
Boeing
Co.
(The)
(a)
27,848
94
General
Dynamics
Corp.
27,273
174
General
Electric
Co.
27,661
112
Huntington
Ingalls
Industries,
Inc.
27,589
125
L3Harris
Technologies,
Inc.
28,072
59
Lockheed
Martin
Corp.
27,559
62
Northrop
Grumman
Corp.
27,029
262
RTX
Corp.
26,302
323
Textron,
Inc.
27,733
247,066
AIR
FREIGHT
&
LOGISTICS
1.1%
322
CH
Robinson
Worldwide,
Inc.
28,375
232
Expeditors
International
of
Washington,
Inc.
28,951
113
FedEx
Corp.
33,882
558
GXO
Logistics,
Inc.
(a)
28,179
202
United
Parcel
Service,
Inc.
-
Class
B
27,644
147,031
AUTOMOBILE
COMPONENTS
1.0%
221
Autoliv,
Inc.
(Sweden)
23,645
783
BorgWarner,
Inc.
25,244
2,009
Dana,
Inc.
24,349
2,263
Goodyear
Tire
&
Rubber
Co.
(The)
(a)
25,684
222
Lear
Corp.
25,355
124,277
AUTOMOBILES
0.9%
2,302
Ford
Motor
Co.
28,867
614
General
Motors
Co.
28,526
159
Tesla,
Inc.
(a)
31,464
287
Thor
Industries,
Inc.
26,820
115,677
BANKS
3.3%
707
Bank
of
America
Corp.
28,117
455
Citigroup,
Inc.
28,874
810
Citizens
Financial
Group,
Inc.
29,184
766
Fifth
Third
Bancorp
27,951
16
First
Citizens
BancShares,
Inc.
-
Class
A
26,938
2,063
Huntington
Bancshares,
Inc.
27,190
122
JPMorgan
Chase
&
Co.
24,676
1,995
KeyCorp
28,349
190
M&T
Bank
Corp.
28,758
8,595
New
York
Community
Bancorp,
Inc.
27,676
182
PNC
Financial
Services
Group,
Inc.
(The)
28,297
1,494
Regions
Financial
Corp.
29,941
759
Truist
Financial
Corp.
29,487
707
US
Bancorp
28,068
474
Wells
Fargo
&
Co.
28,151
421,657
BEVERAGES
1.3%
448
Coca-Cola
Co.
(The)
28,515
112
Constellation
Brands,
Inc.
-
Class
A
28,814
817
Keurig
Dr
Pepper,
Inc.
27,288
526
Molson
Coors
Beverage
Co.
-
Class
B
26,737
545
Monster
Beverage
Corp.
(a)
27,223
163
PepsiCo,
Inc.
26,884
165,461
BIOTECHNOLOGY
1.3%
175
AbbVie,
Inc.
30,016
91
Amgen,
Inc.
28,433
121
Biogen,
Inc.
(a)
28,050
SHARES
SECURITY
DESCRIPTION
VALUE
$
442
Gilead
Sciences,
Inc.
30,326
27
Regeneron
Pharmaceuticals,
Inc.
(a)
28,378
59
Vertex
Pharmaceuticals,
Inc.
(a)
27,654
172,857
BROADLINE
RETAIL
1.5%
158
Amazon.com,
Inc.
(a)
30,533
1,249
Coupang,
Inc.
(South
Korea)
(a)
26,167
523
eBay,
Inc.
28,096
1,163
Kohl's
Corp.
26,737
1,482
Macy's,
Inc.
28,454
1,216
Nordstrom,
Inc.
25,804
39,056
Qurate
Retail,
Inc.
(a)
24,605
190,396
BUILDING
PRODUCTS
1.1%
184
Builders
FirstSource,
Inc.
(a)
25,467
456
Carrier
Global
Corp.
28,765
409
Masco
Corp.
27,268
157
Owens
Corning
27,274
240
UFP
Industries,
Inc.
26,880
135,654
CAPITAL
MARKETS
3.5%
65
Ameriprise
Financial,
Inc.
27,767
473
Bank
of
New
York
Mellon
Corp.
(The)
28,328
35
BlackRock,
Inc.
27,556
387
Charles
Schwab
Corp.
(The)
28,518
1,202
Franklin
Resources,
Inc.
26,865
62
Goldman
Sachs
Group,
Inc.
(The)
28,044
223
Interactive
Brokers
Group,
Inc.
-
Class
A
27,340
210
Intercontinental
Exchange,
Inc.
28,747
609
Jefferies
Financial
Group,
Inc.
(a)
30,304
98
LPL
Financial
Holdings,
Inc.
27,371
289
Morgan
Stanley
28,088
336
Northern
Trust
Corp.
28,217
232
Raymond
James
Financial,
Inc.
28,678
65
S&P
Global,
Inc.
28,990
374
State
Street
Corp.
27,676
377
StoneX
Group,
Inc.
(a)
28,392
450,881
CHEMICALS
2.9%
103
Air
Products
and
Chemicals,
Inc.
26,579
233
Albemarle
Corp.
22,256
191
Celanese
Corp.
-
Class
A
25,764
509
Corteva,
Inc.
27,455
502
Dow,
Inc.
26,631
347
DuPont
de
Nemours,
Inc.
27,930
285
Eastman
Chemical
Co.
27,921
121
Ecolab,
Inc.
28,799
294
International
Flavors
&
Fragrances,
Inc.
27,993
917
Mosaic
Co.
(The)
26,501
214
PPG
Industries,
Inc.
26,940
256
RPM
International,
Inc.
27,566
93
Sherwin-Williams
Co.
(The)
27,754
179
Westlake
Corp.
25,923
376,012
COMMERCIAL
SERVICES
&
SUPPLIES
0.9%
593
ABM
Industries,
Inc.
29,988
41
Cintas
Corp.
28,711
152
Republic
Services,
Inc.
29,540
139
Waste
Management,
Inc.
29,654
117,893
|
June
30,
2024
33
SHARES
SECURITY
DESCRIPTION
VALUE
$
COMMUNICATIONS
EQUIPMENT
0.5%
605
Cisco
Systems,
Inc.
28,744
77
Motorola
Solutions,
Inc.
29,725
58,469
CONSTRUCTION
&
ENGINEERING
1.1%
329
AECOM
28,999
75
EMCOR
Group,
Inc.
27,381
645
Fluor
Corp.
(a)
28,090
251
MasTec,
Inc.
(a)
26,854
103
Quanta
Services,
Inc.
26,171
137,495
CONSTRUCTION
MATERIALS
0.2%
111
Vulcan
Materials
Co.
27,603
CONSUMER
FINANCE
1.1%
729
Ally
Financial,
Inc.
28,919
118
American
Express
Co.
27,323
205
Capital
One
Financial
Corp.
28,382
229
Discover
Financial
Services
29,955
646
Synchrony
Financial
30,486
145,065
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
3.4%
1,370
Albertsons
Cos.,
Inc.
-
Class
A
27,058
553
Andersons,
Inc.
(The)
27,429
323
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
28,372
85
Casey's
General
Stores,
Inc.
32,433
34
Costco
Wholesale
Corp.
28,900
201
Dollar
General
Corp.
26,578
232
Dollar
Tree,
Inc.
(a)
24,771
543
Kroger
Co.
(The)
27,112
395
Performance
Food
Group
Co.
(a)
26,113
1,433
SpartanNash
Co.
26,883
383
Sysco
Corp.
27,342
182
Target
Corp.
26,943
2,297
United
Natural
Foods,
Inc.
(a)
30,091
530
US
Foods
Holding
Corp.
(a)
28,079
1,769
Walgreens
Boots
Alliance,
Inc.
21,396
429
Walmart,
Inc.
29,048
438,548
CONTAINERS
&
PACKAGING
1.8%
125
Avery
Dennison
Corp.
27,331
406
Ball
Corp.
24,368
455
Berry
Global
Group,
Inc.
26,777
336
Crown
Holdings,
Inc.
24,995
1,010
Graphic
Packaging
Holding
Co.
26,472
613
International
Paper
Co.
26,451
2,275
O-I
Glass,
Inc.
(a)
25,321
153
Packaging
Corp.
of
America
27,932
517
Westrock
Co.
25,984
235,631
DISTRIBUTORS
0.6%
760
A-Mark
Precious
Metals,
Inc.
24,601
195
Genuine
Parts
Co.
26,972
651
LKQ
Corp.
27,076
78,649
DIVERSIFIED
TELECOMMUNICATION
SERVICES
0.6%
1,559
AT&T,
Inc.
29,793
21,738
Lumen
Technologies,
Inc.
(a)
23,912
685
Verizon
Communications,
Inc.
28,249
81,954
SHARES
SECURITY
DESCRIPTION
VALUE
$
ELECTRIC
UTILITIES
2.9%
311
American
Electric
Power
Co.,
Inc.
27,286
135
Constellation
Energy
Corp.
27,036
272
Duke
Energy
Corp.
27,263
368
Edison
International
26,426
250
Entergy
Corp.
26,750
470
Eversource
Energy
26,654
755
Exelon
Corp.
26,131
699
FirstEnergy
Corp.
26,751
361
NextEra
Energy,
Inc.
25,562
357
NRG
Energy,
Inc.
27,795
1,543
PG&E
Corp.
26,941
961
PPL
Corp.
26,572
350
Southern
Co.
(The)
27,150
509
Xcel
Energy,
Inc.
27,186
375,503
ELECTRICAL
EQUIPMENT
0.5%
258
Emerson
Electric
Co.
28,421
109
Rockwell
Automation,
Inc.
30,006
58,427
ELECTRONIC
EQUIPMENT,
INSTRUMENTS
&
COMPONENTS
1.9%
428
Amphenol
Corp.
-
Class
A
28,834
213
Arrow
Electronics,
Inc.
(a)
25,722
515
Avnet,
Inc.
26,517
126
CDW
Corp.
28,204
752
Corning,
Inc.
29,216
143
Insight
Enterprises,
Inc.
(a)
28,365
240
Jabil,
Inc.
26,110
419
Sanmina
Corp.
(a)
27,759
216
TD
SYNNEX
Corp.
24,926
245,653
ENERGY
EQUIPMENT
&
SERVICES
0.7%
877
Baker
Hughes
Co.
30,844
809
Halliburton
Co.
27,328
1,584
NOV,
Inc.
30,112
88,284
ENTERTAINMENT
1.1%
210
Electronic
Arts,
Inc.
29,259
298
Live
Nation
Entertainment,
Inc.
(a)
27,935
45
Netflix,
Inc.
(a)
30,370
273
Walt
Disney
Co.
(The)
27,106
3,369
Warner
Bros
Discovery,
Inc.
(a)
25,065
139,735
FINANCIAL
SERVICES
2.1%
67
Berkshire
Hathaway,
Inc.
-
Class
B
(a)
27,256
435
Block,
Inc.
-
Class
A
(a)
28,053
687
Equitable
Holdings,
Inc.
28,071
370
Fidelity
National
Information
Services,
Inc.
27,883
190
Fiserv,
Inc.
(a)
28,318
282
Global
Payments,
Inc.
27,269
63
Mastercard,
Inc.
-
Class
A
27,793
445
PayPal
Holdings,
Inc.
(a)
25,823
104
Visa,
Inc.
-
Class
A
27,297
369
Voya
Financial,
Inc.
26,254
274,017
FOOD
PRODUCTS
2.7%
454
Archer-Daniels-Midland
Co.
27,444
637
Campbell
Soup
Co.
28,787
943
Conagra
Brands,
Inc.
26,800
414
General
Mills,
Inc.
26,190
143
Hershey
Co.
(The)
26,288
34
DoubleLine
ETF
Trust
Schedule
of
Investments
DoubleLine
Fortune
500
Equal
Weight
ETF
(Cont.)
(Unaudited)
June
30,
2024
SHARES
SECURITY
DESCRIPTION
VALUE
$
909
Hormel
Foods
Corp.
27,715
242
Ingredion,
Inc.
27,757
251
J
M
Smucker
Co.
(The)
27,369
467
Kellanova
26,937
801
Kraft
Heinz
Co.
(The)
25,808
417
Mondelez
International,
Inc.
-
Class
A
27,288
8
Seaboard
Corp.
25,286
494
Tyson
Foods,
Inc.
-
Class
A
28,227
351,896
GAS
UTILITIES
0.2%
1,112
UGI
Corp.
25,465
GROUND
TRANSPORTATION
2.2%
247
Avis
Budget
Group,
Inc.
25,816
850
CSX
Corp.
28,433
6,857
Hertz
Global
Holdings,
Inc.
(a)
24,205
176
JB
Hunt
Transport
Services,
Inc.
28,160
578
Knight-Swift
Transportation
Holdings,
Inc.
-
Class
A
28,854
126
Norfolk
Southern
Corp.
27,051
232
Ryder
System,
Inc.
28,740
443
Uber
Technologies,
Inc.
(a)
32,197
123
Union
Pacific
Corp.
27,830
274
XPO,
Inc.
(a)
29,085
280,371
HEALTH
CARE
EQUIPMENT
&
SUPPLIES
1.8%
273
Abbott
Laboratories
28,367
823
Baxter
International,
Inc.
27,529
118
Becton
Dickinson
&
Co.
27,578
373
Boston
Scientific
Corp.
(a)
28,725
367
GE
HealthCare
Technologies,
Inc.
28,597
70
Intuitive
Surgical,
Inc.
(a)
31,139
82
Stryker
Corp.
27,901
247
Zimmer
Biomet
Holdings,
Inc.
26,807
226,643
HEALTH
CARE
PROVIDERS
&
SERVICES
4.2%
2,449
BrightSpring
Health
Services,
Inc.
(a)
27,821
282
Cardinal
Health,
Inc.
27,726
122
Cencora,
Inc.
27,487
395
Centene
Corp.
(a)
26,189
82
Cigna
Group
(The)
27,107
7,359
Community
Health
Systems,
Inc.
(a)
24,726
467
CVS
Health
Corp.
27,581
192
DaVita,
Inc.
(a)
26,605
51
Elevance
Health,
Inc.
27,635
85
HCA
Healthcare,
Inc.
27,309
405
Henry
Schein,
Inc.
(a)
25,961
77
Humana,
Inc.
28,770
143
Labcorp
Holdings,
Inc.
29,101
49
McKesson
Corp.
28,618
89
Molina
Healthcare,
Inc.
(a)
26,460
1,621
Owens
&
Minor,
Inc.
(a)
21,884
199
Quest
Diagnostics,
Inc.
27,239
209
Tenet
Healthcare
Corp.
(a)
27,803
56
UnitedHealth
Group,
Inc.
28,519
151
Universal
Health
Services,
Inc.
-
Class
B
27,924
542,465
HOTELS,
RESTAURANTS
&
LEISURE
3.4%
192
Airbnb,
Inc.
-
Class
A
(a)
29,113
881
Aramark
29,972
7
Booking
Holdings,
Inc.
27,731
787
Caesars
Entertainment,
Inc.
(a)
31,274
450
Chipotle
Mexican
Grill,
Inc.
(a)
28,193
SHARES
SECURITY
DESCRIPTION
VALUE
$
186
Darden
Restaurants,
Inc.
28,146
255
DoorDash,
Inc.
-
Class
A
(a)
27,739
247
Expedia
Group,
Inc.
(a)
31,120
142
Hilton
Worldwide
Holdings,
Inc.
30,984
629
Las
Vegas
Sands
Corp.
27,833
123
Marriott
International,
Inc.
-
Class
A
29,738
109
McDonald's
Corp.
27,778
701
MGM
Resorts
International
(a)
31,152
345
Starbucks
Corp.
26,858
786
Yum
China
Holdings,
Inc.
(China)
24,240
431,871
HOUSEHOLD
DURABLES
1.9%
191
DR
Horton,
Inc.
26,918
175
Lennar
Corp.
-
Class
A
26,227
232
Mohawk
Industries,
Inc.
(a)
26,353
3,679
Newell
Brands,
Inc.
23,582
3
NVR,
Inc.
(a)
22,766
242
PulteGroup,
Inc.
26,644
486
Taylor
Morrison
Home
Corp.
-
Class
A
(a)
26,944
234
Toll
Brothers,
Inc.
26,952
303
Whirlpool
Corp.
30,967
237,353
HOUSEHOLD
PRODUCTS
0.9%
215
Clorox
Co.
(The)
29,341
304
Colgate-Palmolive
Co.
29,500
209
Kimberly-Clark
Corp.
28,884
170
Procter
&
Gamble
Co.
(The)
28,036
115,761
INDEPENDENT
POWER
AND
RENEWABLE
ELECTRICITY
PRODUCERS
0.4%
1,355
AES
Corp.
(The)
23,807
299
Vistra
Corp.
25,708
49,515
INDUSTRIAL
CONGLOMERATES
0.5%
282
3M
Co.
28,818
139
Honeywell
International,
Inc.
29,682
58,500
INDUSTRIAL
REITS
0.2%
262
Prologis,
Inc.
29,425
INSURANCE
4.9%
315
Aflac,
Inc.
28,133
170
Allstate
Corp.
(The)
27,142
218
American
Financial
Group,
Inc.
26,818
359
American
International
Group,
Inc.
26,652
111
Arthur
J
Gallagher
&
Co.
28,783
162
Assurant,
Inc.
26,933
241
Cincinnati
Financial
Corp.
28,462
557
Fidelity
National
Financial,
Inc.
27,527
4,496
Genworth
Financial,
Inc.
-
Class
A
(a)
27,156
277
Hartford
Financial
Services
Group,
Inc.
(The)
27,850
851
Lincoln
National
Corp.
26,466
371
Loews
Corp.
27,729
17
Markel
Group,
Inc.
(a)
26,786
136
Marsh
&
McLennan
Cos.,
Inc.
28,658
394
MetLife,
Inc.
27,655
898
Old
Republic
International
Corp.
27,748
349
Principal
Financial
Group,
Inc.
27,379
135
Progressive
Corp.
(The)
28,041
235
Prudential
Financial,
Inc.
27,540
135
Reinsurance
Group
of
America,
Inc.
27,711
133
Travelers
Cos.,
Inc.
(The)
27,044
522
Unum
Group
26,679
|
June
30,
2024
35
SHARES
SECURITY
DESCRIPTION
VALUE
$
351
W
R
Berkley
Corp.
27,582
632,474
INTERACTIVE
MEDIA
&
SERVICES
0.5%
163
Alphabet,
Inc.
-
Class
A
29,690
58
Meta
Platforms,
Inc.
-
Class
A
29,245
58,935
IT
SERVICES
0.9%
429
Cognizant
Technology
Solutions
Corp.
-
Class
A
29,172
1,798
DXC
Technology
Co.
(a)
34,323
170
International
Business
Machines
Corp.
29,402
1,070
Kyndryl
Holdings,
Inc.
(a)
28,152
121,049
LEISURE
PRODUCTS
0.2%
342
Polaris,
Inc.
26,782
LIFE
SCIENCES
TOOLS
&
SERVICES
0.6%
107
Danaher
Corp.
26,734
129
IQVIA
Holdings,
Inc.
(a)
27,276
49
Thermo
Fisher
Scientific,
Inc.
27,097
81,107
MACHINERY
2.8%
266
AGCO
Corp.
26,036
85
Caterpillar,
Inc.
28,314
102
Cummins,
Inc.
28,247
77
Deere
&
Co.
28,770
155
Dover
Corp.
27,970
117
Illinois
Tool
Works,
Inc.
27,724
251
Oshkosh
Corp.
27,158
286
Otis
Worldwide
Corp.
27,530
267
PACCAR,
Inc.
27,485
55
Parker-Hannifin
Corp.
27,820
323
Stanley
Black
&
Decker,
Inc.
25,804
169
Westinghouse
Air
Brake
Technologies
Corp.
26,710
202
Xylem,
Inc.
27,397
356,965
MEDIA
2.1%
10,663
Altice
USA,
Inc.
-
Class
A
(a)
21,753
97
Charter
Communications,
Inc.
-
Class
A
(a)
28,998
709
Comcast
Corp.
-
Class
A
27,764
1,457
EchoStar
Corp.
-
Class
A
(a)
25,949
803
Fox
Corp.
-
Class
A
27,599
907
Interpublic
Group
of
Cos.,
Inc.
(The)
26,385
1,253
Liberty
Media
Corp-Liberty
SiriusXM
-
Class
A
(a)
27,754
1,029
News
Corp.
-
Class
A
28,370
311
Omnicom
Group,
Inc.
27,897
2,159
Paramount
Global
-
Class
B
22,432
264,901
METALS
&
MINING
1.9%
637
Alcoa
Corp.
25,340
1,629
Cleveland-Cliffs,
Inc.
(a)
25,070
509
Commercial
Metals
Co.
27,990
542
Inc.
26,341
670
Newmont
Corp.
28,054
168
Nucor
Corp.
26,557
94
Reliance,
Inc.
26,846
213
Steel
Dynamics,
Inc.
27,584
733
United
States
Steel
Corp.
27,707
241,489
SHARES
SECURITY
DESCRIPTION
VALUE
$
MULTI-UTILITIES
1.9%
381
Ameren
Corp.
27,093
914
CenterPoint
Energy,
Inc.
28,315
447
CMS
Energy
Corp.
26,610
299
Consolidated
Edison,
Inc.
26,737
523
Dominion
Energy,
Inc.
25,627
241
DTE
Energy
Co.
26,753
375
Public
Service
Enterprise
Group,
Inc.
27,638
366
Sempra
27,838
346
WEC
Energy
Group,
Inc.
27,147
243,758
OIL,
GAS
&
CONSUMABLE
FUELS
5.3%
957
APA
Corp.
28,174
175
Cheniere
Energy,
Inc.
30,595
309
Chesapeake
Energy
Corp.
25,397
178
Chevron
Corp.
27,843
247
ConocoPhillips
28,252
1,122
Delek
US
Holdings,
Inc.
27,781
595
Devon
Energy
Corp.
28,203
147
Diamondback
Energy,
Inc.
29,428
235
EOG
Resources,
Inc.
29,579
246
Exxon
Mobil
Corp.
28,320
189
Hess
Corp.
27,881
521
HF
Sinclair
Corp.
27,790
1,446
Kinder
Morgan,
Inc.
28,732
161
Marathon
Petroleum
Corp.
27,930
463
Occidental
Petroleum
Corp.
29,183
354
ONEOK,
Inc.
28,869
579
Ovintiv,
Inc.
27,138
1,083
Par
Pacific
Holdings,
Inc.
(a)
27,346
624
PBF
Energy,
Inc.
-
Class
A
28,716
203
Phillips
66
28,658
242
Targa
Resources
Corp.
31,164
183
Valero
Energy
Corp.
28,687
688
Williams
Cos.,
Inc.
(The)
29,240
1,056
World
Kinect
Corp.
27,245
682,151
PASSENGER
AIRLINES
1.3%
669
Alaska
Air
Group,
Inc.
(a)
27,028
2,443
American
Airlines
Group,
Inc.
(a)
27,679
552
Delta
Air
Lines,
Inc.
26,187
4,977
JetBlue
Airways
Corp.
(a)
30,309
1,016
Southwest
Airlines
Co.
29,068
530
United
Airlines
Holdings,
Inc.
(a)
25,790
166,061
PERSONAL
CARE
PRODUCTS
0.2%
226
Estee
Lauder
Cos.,
Inc.
(The)
-
Class
A
24,046
PHARMACEUTICALS
1.5%
671
Bristol-Myers
Squibb
Co.
27,867
33
Eli
Lilly
&
Co.
29,878
190
Johnson
&
Johnson
27,770
219
Merck
&
Co.,
Inc.
27,112
960
Pfizer,
Inc.
26,861
2,637
Viatris,
Inc.
28,031
162
Zoetis,
Inc.
-
Class
A
28,085
195,604
PROFESSIONAL
SERVICES
1.5%
115
Automatic
Data
Processing,
Inc.
27,449
186
Booz
Allen
Hamilton
Holding
Corp.
28,625
454
Concentrix
Corp.
28,729
205
Jacobs
Solutions,
Inc.
28,641
193
Leidos
Holdings,
Inc.
28,155
36
DoubleLine
ETF
Trust
Schedule
of
Investments
DoubleLine
Fortune
500
Equal
Weight
ETF
(Cont.)
(Unaudited)
June
30,
2024
SHARES
SECURITY
DESCRIPTION
VALUE
$
382
ManpowerGroup,
Inc.
26,664
235
Science
Applications
International
Corp.
27,624
195,887
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
0.5%
323
CBRE
Group,
Inc.
-
Class
A
(a)
28,783
141
Jones
Lang
LaSalle,
Inc.
(a)
28,944
57,727
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
3.0%
173
Advanced
Micro
Devices,
Inc.
(a)
28,062
121
Analog
Devices,
Inc.
27,619
131
Applied
Materials,
Inc.
30,915
21
Broadcom,
Inc.
33,716
931
Intel
Corp.
28,833
37
KLA
Corp.
30,507
30
Lam
Research
Corp.
31,946
296
Microchip
Technology,
Inc.
(a)
27,084
221
Micron
Technology,
Inc.
29,068
240
NVIDIA
Corp.
29,650
386
ON
Semiconductor
Corp.
(a)
26,460
137
QUALCOMM,
Inc.
27,288
145
Texas
Instruments,
Inc.
28,207
379,355
SOFTWARE
1.8%
64
Adobe,
Inc.
(a)
35,555
49
Intuit,
Inc.
32,203
67
Microsoft
Corp.
29,946
237
Oracle
Corp.
33,464
120
Salesforce,
Inc.
30,852
42
ServiceNow,
Inc.
(a)
33,040
134
Workday,
Inc.
-
Class
A
(a)
29,957
225,017
SPECIALIZED
REITS
0.6%
143
American
Tower
Corp.
27,796
37
Equinix,
Inc.
27,994
945
Weyerhaeuser
Co.
26,829
82,619
SPECIALTY
RETAIL
6.2%
417
Advance
Auto
Parts,
Inc.
26,409
115
Asbury
Automotive
Group,
Inc.
(a)
26,205
165
AutoNation,
Inc.
(a)
26,298
9
AutoZone,
Inc.
(a)
26,677
539
Bath
&
Body
Works,
Inc.
21,048
322
Best
Buy
Co.,
Inc.
27,141
119
Burlington
Stores,
Inc.
(a)
28,560
399
CarMax,
Inc.
(a)
29,263
286
Carvana
Co.
(a)
36,813
1,272
Chewy,
Inc.
-
Class
A
(a)
34,648
126
Dick's
Sporting
Goods,
Inc.
27,071
1,002
Foot
Locker,
Inc.
24,970
952
Gap,
Inc.
(The)
22,743
89
Group
1
Automotive,
Inc.
26,458
85
Home
Depot,
Inc.
(The)
29,260
106
Lithia
Motors,
Inc.
-
Class
A
26,760
SHARES
SECURITY
DESCRIPTION
VALUE
$
129
Lowe's
Cos.,
Inc.
28,439
63
Murphy
USA,
Inc.
29,576
717
ODP
Corp.
(The)
(a)
28,157
29
O'Reilly
Automotive,
Inc.
(a)
30,625
183
Penske
Automotive
Group,
Inc.
27,271
199
Ross
Stores,
Inc.
28,919
485
Sonic
Automotive,
Inc.
-
Class
A
26,418
266
TJX
Cos.,
Inc.
(The)
29,287
105
Tractor
Supply
Co.
28,350
71
Ulta
Beauty,
Inc.
(a)
27,397
488
Wayfair,
Inc.
-
Class
A
(a)
25,732
94
Williams-Sonoma,
Inc.
26,543
777,038
TECHNOLOGY
HARDWARE,
STORAGE
&
PERIPHERALS
1.4%
145
Apple,
Inc.
30,540
213
Dell
Technologies,
Inc.
-
Class
C
29,375
1,576
Hewlett
Packard
Enterprise
Co.
33,364
792
HP,
Inc.
27,736
37
Super
Micro
Computer,
Inc.
(a)
30,316
377
Western
Digital
Corp.
(a)
28,565
179,896
TEXTILES,
APPAREL
&
LUXURY
GOODS
1.0%
91
Lululemon
Athletica,
Inc.
(a)
27,182
297
NIKE,
Inc.
-
Class
B
22,385
229
PVH
Corp.
24,244
400
Skechers
USA,
Inc.
-
Class
A
(a)
27,647
2,019
VF
Corp.
27,257
128,715
TOBACCO
0.4%
607
Altria
Group,
Inc.
27,649
273
Philip
Morris
International,
Inc.
27,663
55,312
TRADING
COMPANIES
&
DISTRIBUTORS
1.3%
290
Beacon
Roofing
Supply,
Inc.
(a)
26,245
439
Fastenal
Co.
(a)
27,587
43
United
Rentals,
Inc.
27,809
59
Watsco,
Inc.
27,331
159
WESCO
International,
Inc.
25,205
31
WW
Grainger,
Inc.
27,969
162,146
Total
Common
Stocks
(Cost
$12,385,483)
12,738,194
SHORT
TERM
INVESTMENTS
0.5%
32,330
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.25%
(b)
32,330
32,330
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.22%
(b)
32,330
Total
Short
Term
Investments
(Cost
$64,660)
64,660
Total
Investments
99.9%
(Cost
$12,450,143)
12,802,854
Other
Assets
in
Excess
of
Liabilities
0.1%
8,703
NET
ASSETS
100.0%
$12,811,557
(a)
Non-income
producing
security.
(b)
Seven-day
yield
as
of
period
end.
|
June
30,
2024
37
Notes
to
Schedule
of
Investments
(Unaudited)
June
30,
2024
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,
2024,
the
Trust
consists
of
six series,
DoubleLine
Opportunistic
Bond
ETF
(the
“Opportunistic
Bond
ETF”),
DoubleLine
Shiller
CAPE
®
U.S.
Equities
ETF
(the
“Equities
ETF”),
DoubleLine
Commercial
Real
Estate
ETF
(the
"Commercial
Real
Estate
ETF"),
DoubleLine
Mortgage
ETF
(the
"Mortgage
ETF"),
DoubleLine
Commodity
Strategy
ETF
(the
"Commodity
Strategy
ETF"),
and
DoubleLine
Fortune
500
Equal
Weight
ETF
(the "Fortune
500
ETF") (each
a
“Fund”
and
collectively
the
“Funds”).
The
Opportunistic
Bond
ETF,
Equities
ETF,
Commercial
Real
Estate
ETF,
Mortgage
ETF
and
Fortune
500
ETF
are
managed
by
DoubleLine
ETF
Adviser
LP,
and
the
Commodity
Strategy
ETF
is
managed
by
DoubleLine
Alternatives
LP
(each,
an
“Adviser”
and
collectively,
the
“Advisers”),
which
are
registered
as
an
investment
advisers
with
the
U.S.
Securities
and
Exchange
Commission.
Each
Fund
offers
one
class
of
shares.
Each
Fund
is classified
as
non-diversified
under
the
Investment
Company
Act
of
1940,
as
amended
(the
“1940
Act”),
except
the
Fortune
500
ETF,
which
is
classified
as
a
diversified
fund.
Currently
under
the
1940
Act,
a
diversified
fund
generally
may
not,
with
respect
to
75%
of
its
total
assets,
invest
more
than
5%
of
its
total
assets in
the
securities
of
any
one
issuer
or
own
more
than
10%
of
the
outstanding
voting
securities
of
such
issuer
(except,
in
each
case,
U.S.
Government
securities,
cash,
cash
items
and
the
securities
of
other
investment
companies).
The
remaining
25%
of
a
fund's
total
assets
is
not
subject
to
this
limitation.
The
Funds'
investment
objectives
and
dates
each
Fund
commenced
operations
and
public
trading are
as
follows:
The
fiscal
year
end
for
the
Funds
is
September
30,
and
the
period
covered
by
these
Financial
Statements
is
for
the
period ended June
30,
2024.
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)
Fund
Name
Investment
Objective
Commencement
of
Operations
Commencement
of
Public
Trading
DoubleLine
Opportunistic
Bond
ETF
Seek
to
maximize
current
income
and
total
return
3/31/2022
4/5/2022
DoubleLine
Shiller
CAPE®
U.S.
Equities
ETF
Seek
total
return
which
exceeds
the
total
return
of
the
S&P
500®
Index
3/31/2022
4/5/2022
DoubleLine
Commercial
Real
Estate
ETF
Seek
current
income
and
capital
preservation
and
as
a
secondary
objective,
seek
long-term
capital
appreciation
3/31/2023
4/4/2023
DoubleLine
Mortgage
ETF
Seek
total
return
(capital
appreciation
and
current
income)
which
exceeds
the
total
return
of
its
benchmark
index,
the
Bloomberg
U.S.
Mortgage-Backed
Securities
Index,
over
a
full
market
cycle
3/31/2023
4/4/2023
DoubleLine
Commodity
Strategy
ETF
(Consolidated)
Seek
total
return
(capital
appreciation
and
current
income)
1/31/2024
2/1/2024
DoubleLine
Fortune
500
Equal
Weight
ETF
Seek
to
track
the
investment
results
(before
fees
and
expenses)
of
the
Barclays
Fortune
500
Equal
Weighted
Total
Return
Index
1/31/2024
2/1/2024
Notes
to
Schedule
of
Investments
(Cont.)
38
DoubleLine
ETF
Trust
(Unaudited)
June
30,
2024
Valuations for
domestic
and
foreign
fixed
income
securities
are
normally
determined
on
the
basis
of
evaluations
provided
by
independent
pricing
services.
Vendors
typically
value
such
securities
based
on
one
or
more
inputs
described
in
the
following
table
which
is
not
intended
to
be
a
complete
list.
The
table
provides
examples
of
inputs
that
are
commonly
relevant
for
valuing
particular
classes
of
fixed
income
securities
in
which
the
Funds
are
authorized
to
invest.
However,
these
classifications
are
not
exclusive,
and
any
of
the
inputs
may
be
used
to
value
any
other
class
of
fixed-income
securities.
Securities
that
use
similar
valuation
techniques
and
inputs
as
described
in
the
following
table
are
categorized
as
Level
2
of
the
fair
value
hierarchy.
To
the
extent
the
significant
inputs
are
unobservable,
the
values
generally
would
be
categorized
as
Level
3.
Assets
and
liabilities
may
be
transferred
between
levels.
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
Funds'
holdings
in
whole
loans,
securitizations
and
certain
other
types
of
alternative
lending-related
instruments
may
be
valued
based
on
prices
provided
by
a
third-party
pricing
service.
Senior
secured
floating
rate
loans
for
which
an
active
secondary
market
exists
to
a
reliable
degree
will
be
valued
at
the
mean
of
the
last
available
bid/ask
prices
in
the
market
for
such
loans,
as
provided
by
an
independent
pricing
service.
Where
an
active
secondary
market
does
not
exist
to
a
reliable
degree
in
the
judgment
of
the
Adviser,
such
loans
will
be
valued
at
fair
value
based
on
certain
factors.
In
respect
of
certain
commercial
real
estate-related,
residential
real
estate-related
and
certain
other
investments
for
which
a
limited
market
may
exist,
the
Funds
may
value
such
investments
based
on
appraisals
conducted
by
an
independent
valuation
advisor
or
a
similar
pricing
agent.
However,
an
independent
valuation
firm
may
not
be
retained
to
undertake
an
evaluation
of
an
asset
unless
the
NAV,
market
price
and
other
aspects
of
an
investment
exceed
certain
significance
thresholds.
Over-the-counter
financial
derivative
instruments,
such
as
forward
currency
exchange
contracts,
options
contracts,
or
swap
agreements,
derive
their
values
from
underlying
asset
prices,
indices,
reference
rates,
other
inputs
or
a
combination
of
these
factors.
These
instruments
are
normally
valued
on
the
basis
of
valuations
obtained
from
counterparties,
published
index
closing
levels
or
evaluated
prices
supplied
by
independent
pricing
services,
some
or
all
of
which
may
be
based
on
market
data
from
trading
on
exchanges
that
closed
significantly
before
the
time
as
of
which
a
Fund
calculates
its
NAV.
Forward
foreign
currency
contracts
are
generally
valued
based
on
rates
provided
by
independent
data
providers.
Exchange
traded
futures
and
options
on
futures
are
generally
valued
at
the
settlement
price
determined
by
the
relevant
exchange
on
which
they
principally
trade,
and
exchange
traded
options
are
generally
valued
at
the
last
trade
price
on
the
exchange
on
which
they
principally
trade.
A
Fund
does
not
normally
take
into
account
trading,
clearances
or
settlements
that
take
place
after
the
close
of
the
principal
exchange
or
market
on
which
such
securities
are
traded.
Depending
on
the
instrument
and
the
terms
of
the
transaction,
the
value
of
the
derivative
instruments
can
be
estimated
by
a
pricing
service
provider
using
a
series
of
techniques,
such
as
simulation
pricing
models.
The
pricing
models
use
issuer
details
and
other
inputs
that
are
observed
from
actively
quoted
markets
such
as
indices,
spreads,
interest
rates,
curves,
dividends
and
exchange
rates.
Derivatives
that
use
similar
valuation
techniques
and
inputs
as
described
above
are
normally
categorized
as
Level
2
of
the
fair
value
hierarchy.
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,
2024
|
June
30,
2024
39
The
Board
of
Trustees
(the
“Board”)
has
adopted
a
pricing
and
valuation
policy
for
use
by each
Fund
and
its
Valuation
Designee
(as
defined
below)
in
calculating each
Fund’s
NAV.
Pursuant
to
Rule
2a-5
under
the
1940
Act, each
Fund
has
designated
its
primary
investment
adviser,
either
DoubleLine
ETF
Adviser
or
DoubleLine
Alternatives
LP (each,
an
“Adviser”
and
collectively,
the
“Advisers”),
as
applicable,
as
the
“Valuation
Designee”
to
perform
all
of
the
fair
value
determinations
as
well
as
to
perform
all
of
the
responsibilities
that
may
be
performed
by
the
Valuation
Designee
in
accordance
with
Rule
2a-5.
Each
Adviser,
as
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,
2024:
Category
DoubleLine
Opportunistic
Bond
ETF
DoubleLine
Shiller
CAPE®
U.S.
Equities
ETF
DoubleLine
Commercial
Real
Estate
ETF
DoubleLine
Mortgage
ETF
DoubleLine
Commodity
Strategy
ETF
(Consolidated)
DoubleLine
Fortune
500
Equal
Weight
ETF
Investments
in
Securities
Level
1
Common
Stocks
$
—
$
377,511,932
$
—
$
—
$
—
$
12,738,194
Money
Market
Funds
8,317,950
703,682
5,542,342
2,501,454
2,786,194
64,660
Total
Level
1
8,317,950
378,215,614
5,542,342
2,501,454
2,786,194
12,802,854
Level
2
US
Government
and
Agency
Mortgage
Backed
Obligations
60,191,444
—
19,671,888
271,619,727
—
—
Non-Agency
Commercial
Mortgage
Backed
Obligations
14,732,037
—
81,625,968
—
—
—
Non-Agency
Residential
Collateralized
Mortgage
Obligations
28,981,448
—
1,721,099
44,163,396
—
—
US
Government
and
Agency
Obligations
59,928,906
—
—
—
—
—
US
Corporate
Bonds
41,958,128
—
—
—
—
—
Asset
Backed
Obligations
24,707,510
—
15,719,708
—
—
—
Collateralized
Loan
Obligations
12,793,052
—
23,040,878
—
—
—
Foreign
Corporate
Bonds
20,653,161
—
—
—
—
—
Other
Short
Term
Investments
—
—
—
—
14,683,425
—
Bank
Loans
8,644,263
—
—
—
—
—
Total
Level
2
272,589,949
—
141,779,541
315,783,123
14,683,425
—
Level
3
—
—
—
—
—
—
Total
$
280,907,899
$
378,215,614
$
147,321,883
$
318,284,577
$
17,469,619
$
12,802,854
Other
Financial
Instruments
Level
1
Futures
$
713,432
$
—
$
—
$
569,362
$
—
$
—
Total
Level
1
713,432
—
—
569,362
—
—
Level
2
Excess
Return
Swaps
—
—
—
—
49,348
—
Unfunded
Loan
Commitments
65
—
—
—
—
—
Total
Level
2
65
—
—
—
49,348
—
Level
3
—
—
—
—
—
—
Total
$
713,497
$
—
$
—
$
569,362
$
49,348
$
—
See
the
Schedules
of
Investments
for
further
disaggregation
of
investment
categories.