0001145549-18-009602.txt : 20181214 0001145549-18-009602.hdr.sgml : 20181214 20181214131359 ACCESSION NUMBER: 0001145549-18-009602 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181214 DATE AS OF CHANGE: 20181214 EFFECTIVENESS DATE: 20181214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DoubleLine Opportunistic Credit Fund CENTRAL INDEX KEY: 0001525201 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22592 FILM NUMBER: 181235156 BUSINESS ADDRESS: STREET 1: C/O DOUBLELINE CAPITAL LP STREET 2: 333 SOUTH GRAND AVENUE, 18TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-633-8200 MAIL ADDRESS: STREET 1: C/O DOUBLELINE CAPITAL LP STREET 2: 333 SOUTH GRAND AVENUE, 18TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: DoubleLine Strategic Income Fund DATE OF NAME CHANGE: 20110708 N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 0001525201 XXXXXXXX false false false N-2 DoubleLine Opportunistic Credit Fund 811-22592 0001525201 5493003RT2VL4QLFXN55 333 South Grand Avenue Suite 1800 Los Angeles 90071-3197 US-CA US 2136338200 DoubleLine Capital LP 333 South Grand Avenue, Suite 1800 Los Angeles 90071-3197 2136338200 The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder. U.S. Bancorp Fund Services, LLC 615 East Michigan Street Milwaukee 53202-5300 8336121912 The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder. U.S. Bank National Association 1555 N. Rivercenter Drive, Suite 302 Milwaukee 53212-0001 8336121912 The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder. Quasar Distributors, LLC 615 East Michigan Street Milwaukee 53202-5300 8336121912 The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder. Y N N N-2 Y Raymond B. Woolson N/A N John C. Salter 001394410 N Joseph J. Ciprari 001717795 N Ronald R. Redell N/A Y Youse Guia 004219699 333 S Grand Avenue 18th Floor Los Angeles 90071-3197 XXXXXX Y N N N N N N Deloitte & Touche LLP 00034 N/A N N N N N N DoubleLine Opportunistic Credit Fund 5493003RT2VL4QLFXN55 Y N/A N N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N DoubleLine Capital LP 801-70942 000152606 549300AQKG3ZYRYGH003 N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Thomson Reuters Pricing Service 549300773DWEC3ZDVO65 CA N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Bank Of America Merrill Lynch 9DJT3UXIJIZJI4WXO774 N Intercontinental Exchange 5493000F4ZO33MV32P92 N Bloomberg Valuation Service 549300B56MD0ZC402L06 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N 0.000000000000 GOLDMAN SACHS & CO. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 34297804.000000000000 MERRILL LYNCH PROFESSIONAL CLEARING CORP. 8-33359 000016139 549300PMHS66E71I2D34 5674223.000000000000 MORGAN STANLEY & CO. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 24635897.000000000000 CREDIT SUISSE SECURITIES (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 24563236.000000000000 J.P. MORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 16936523.000000000000 NOMURA SECURITIES INTERNATIONAL, INC. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 14707087.000000000000 CITIGROUP GLOBAL MARKETS INC. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 7874586.000000000000 CANTOR FITZGERALD & CO. 8-201 000000134 5493004J7H4GCPG6OB62 7611224.000000000000 WELLS FARGO SECURITIES, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 6977763.000000000000 BREAN CAPITAL, LLC 8-40742 000023723 254900ZZA1UBVDCNQ378 6331465.000000000000 182196969.000000000000 N 310164308.240000000000 Common stock Common Shares N N N N N N 0.013600000000 0.021700000000 20.570000000000 19.750000000000 true INTERNAL CONTROL RPT 2 internalcontrolreportdbl.htm INTERNAL CONTROL REPORT Form 8-K

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of

DoubleLine Opportunistic Credit Fund:

In planning and performing our audit of the financial statements of DoubleLine Opportunistic Credit Fund (the “Fund”) as of and for the year ended September 30, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and Trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of September 30, 2018.

This report is intended solely for the information and use of management and the Board of Trustees of DoubleLine Opportunistic Credit Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP

Costa Mesa, California

November 20, 2018