NPORT-EX 2 primary-document.htm PART F
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Unaudited)
December
31,
2023
|
December
31,
2023
1
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
ASSET
BACKED
OBLIGATIONS
8.0%
Aaset
Trust
,
485,006
Series
2021-2A-A
2.80%
(a)
01/15/2047
424,713
Affirm
Asset
Securitization
Trust
,
750,000
Series
2022-A-A
4.30%
(a)
05/17/2027
738,327
750,000
Series
2023-X1-A
7.11%
(a)
11/15/2028
752,352
Aligned
Data
Centers
Issuer
LLC
,
600,000
Series
2023-1A-A2
6.00%
(a)
08/17/2048
595,361
AMSR
Trust
,
2,100,000
Series
2023-SFR2-A
3.95%
(a)
06/17/2040
1,979,718
Carvana
Auto
Receivables
Trust
,
1,000,000
Series
2023-P5-A2
5.77%
(a)
04/12/2027
1,003,398
CyrusOne
Data
Centers
Issuer
I
LLC
,
500,000
Series
2023-1A-A2
4.30%
(a)
04/20/2048
457,842
DataBank
Issuer
,
500,000
Series
2023-1A-A2
5.12%
(a)
02/25/2053
470,070
Diamond
Resorts
Owner
Trust
,
138,110
Series
2021-1A-A
1.51%
(a)
11/21/2033
128,797
EWC
Master
Issuer
LLC
,
492,500
Series
2022-1A-A2
5.50%
(a)
03/15/2052
469,026
GLS
Auto
Receivables
Issuer
Trust
,
304,003
Series
2021-2A-C
1.08%
(a)
06/15/2026
298,951
Hilton
Grand
Vacations
Trust
,
240,004
Series
2022-1D-C
4.69%
(a)
06/20/2034
230,679
Lendbuzz
Securitization
Trust
,
642,847
Series
2022-1A-A
4.22%
(a)
05/17/2027
629,305
Lunar
Structured
Aircraft
Portfolio
Notes
,
810,255
Series
2021-1-A
2.64%
(a)
10/15/2046
707,646
MetroNet
Infrastructure
Issuer
LLC
,
300,000
Series
2023-1A-A2
6.56%
(a)
04/20/2053
297,829
Mosaic
Solar
Loan
Trust
,
587,166
Series
2018-2GS-A
4.20%
(a)
02/22/2044
542,877
Pagaya
AI
Debt
Trust
,
350,411
Series
2023-3-A
7.60%
(a)
12/16/2030
352,444
PAGAYA
AI
Debt
Trust
,
151,963
Series
2022-2-A
4.97%
(a)
01/15/2030
151,115
PRET
LLC
,
342,124
Series
2022-NPL2-A1
5.24%
(a)(b)
04/25/2052
336,117
Prosper
Marketplace
Issuance
Trust
,
790,365
Series
2023-1A-A
7.06%
(a)
07/16/2029
794,142
PRPM
LLC
,
998,194
Series
2022-5-A1
6.90%
(a)(b)
09/27/2027
1,000,443
Santander
Drive
Auto
Receivables
Trust
,
542,002
Series
2020-4-D
1.48%
01/15/2027
530,157
SEB
Funding
LLC
,
498,750
Series
2021-1A-A2
4.97%
(a)
01/30/2052
463,053
Sierra
Timeshare
Receivables
Funding
LLC
,
239,199
Series
2019-2A-A
2.59%
(a)
05/20/2036
234,842
SMB
Private
Education
Loan
Trust
,
741,749
Series
2021-A-B
2.31%
(a)
01/15/2053
686,888
STWD
Ltd.
,
300,000
Series
2019-FL1-AS
(CME
Term
SOFR
1
Month
+
1.51%,
1.51%
Floor)
6.88%
(a)
07/15/2038
288,093
Theorem
Funding
Trust
,
292,788
Series
2023-1A-A
7.58%
(a)
04/15/2029
296,178
TierPoint
Issuer
LLC
,
500,000
Series
2023-1A-A2
6.00%
(a)
06/25/2053
489,257
TRTX
Issuer
Ltd.
,
198,054
Series
2021-FL4-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.68%
(a)
03/15/2038
196,009
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Upstart
Securitization
Trust
,
500,000
Series
2021-4-B
1.84%
(a)
09/20/2031
486,722
1,000,000
Series
2021-5-B
2.49%
(a)
11/20/2031
969,889
Vantage
Data
Centers
Issuer
LLC
,
621,833
Series
2019-1A-A2
3.19%
(a)
07/15/2044
610,452
VOLT
C
LLC
,
318,788
Series
2021-NPL9-A1
1.99%
(a)(b)
05/25/2051
306,236
VOLT
CI
LLC
,
403,351
Series
2021-NP10-A1
1.99%
(a)(b)
05/25/2051
386,536
Washington
Mutual
WMABS
Trust
,
3,596,864
Series
2007-HE2-
2A2
(CME
Term
SOFR
1
Month
+
0.33%,
0.22%
Floor)
5.69%
02/25/2037
1,015,870
Total
Asset
Backed
Obligations
(Cost
$19,246,619)
19,321,334
BANK
LOANS
2.7%
1011778
B.C.
Unlimited
Liability
Co.
,
70,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%)
7.61%
09/23/2030
70,112
Access
CIG
LLC
,
34,913
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.00%,
0.50%
Floor)
10.39%
08/18/2028
35,014
Acrisure
LLC
,
99,483
Senior
Secured
First
Lien
Term
Loan
(3
Month
LIBOR
USD
+
3.50%)
(c)
9.15%
02/15/2027
99,457
Acuris
Finance
U.S.,
Inc.
,
35,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.00%,
0.50%
Floor)
9.50%
02/16/2028
35,038
ADMI
Corp.
,
29,924
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.21%
12/23/2027
28,521
AlixPartners
LLP
,
89,311
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%,
0.50%
Floor)
8.22%
02/04/2028
89,613
2
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Alliant
Holdings
Intermediate
LLC
,
109,725
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.86%
11/06/2030
110,349
Allied
Universal
Holdco
LLC
,
119,389
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.21%
05/12/2028
119,080
Allspring
Buyer
LLC
,
59,696
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.50%
Floor)
8.95%
11/01/2028
59,580
Alterra
Mountain
Co.
,
89,315
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.97%
08/17/2028
89,557
American
Airlines,
Inc.
,
136,051
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.50%)
8.87%
06/04/2029
136,513
Applied
Systems,
Inc.
,
59,550
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.50%,
0.50%
Floor)
9.85%
09/18/2026
59,895
APX
Group,
Inc.
,
114,124
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.50%
Floor)
8.92%
07/10/2028
114,338
AssuredPartners,
Inc.
,
34,900
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.10%
02/12/2027
35,080
athenahealth
Group,
Inc.
,
39,774
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.61%
02/15/2029
39,655
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Aveanna
Healthcare
LLC
,
69,822
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.24%
07/17/2028
65,184
Bausch
&
Lomb
Corp.
,
74,435
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.71%
05/10/2027
73,830
29,925
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.36%
09/29/2028
29,962
BCPE
Empire
Holdings,
Inc.
,
119,400
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.75%,
0.50%
Floor)
10.11%
12/11/2028
119,870
Boxer
Parent
Co.,
Inc.
,
42,941
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.22%
10/02/2025
43,142
140,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.50%)
9.60%
12/29/2028
141,208
Carnival
Corp.
,
24,875
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.75%
Floor)
8.36%
08/09/2027
24,968
Catalent
Pharma
Solutions,
Inc.
,
119,386
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%,
0.50%
Floor)
7.47%
02/22/2028
117,401
Central
Parent
LLC
,
30,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.00%)
9.35%
07/06/2029
30,205
Charter
Communications
Operating
LLC
,
105,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.00%)
7.36%
12/07/2030
104,817
|
December
31,
2023
3
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Charter
Next
Generation,
Inc.
,
30,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.22%
12/01/2027
30,174
CHG
Healthcare
Services,
Inc.
,
129,010
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.72%
09/29/2028
129,362
Clarios
Global
LP
,
114,713
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.11%
05/06/2030
115,114
CQP
Holdco
LP
,
95,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%)
8.36%
12/31/2030
95,335
CSC
Holdings
LLC
,
19,948
Senior
Secured
First
Lien
Term
Loan
(1
Month
LIBOR
USD
+
2.50%)
(c)
7.98%
04/15/2027
18,934
DCert
Buyer,
Inc.
,
34,909
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.36%
10/16/2026
34,673
DG
Investment
Intermediate
Holdings
2,
Inc.
,
69,821
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.22%
03/31/2028
69,360
DIRECTV
Financing
LLC
,
23,049
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.00%,
0.75%
Floor)
10.65%
08/02/2027
23,091
Dynasty
Acquisition
Co.,
Inc.
,
74,625
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%)
9.36%
08/24/2028
74,911
Fertitta
Entertainment
LLC
,
134,405
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.50%
Floor)
9.36%
01/27/2029
134,636
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Focus
Financial
Partners
LLC
,
114,413
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.50%,
0.50%
Floor)
7.86%
06/30/2028
114,621
Gainwell
Acquisition
Corp.
,
124,679
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.00%,
0.75%
Floor)
9.45%
10/01/2027
121,562
Genesys
Cloud
Services
Holdings
I
LLC
,
114,705
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.75%
Floor)
9.47%
12/01/2027
115,288
GIP
Pilot
Acquisition
Partners
LP
,
20,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.00%)
8.39%
10/04/2030
20,030
Graham
Packaging
Co.,
Inc.
,
134,943
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.75%
Floor)
8.47%
08/04/2027
135,293
Great
Outdoors
Group
LLC
,
99,745
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.75%
Floor)
9.36%
03/06/2028
99,870
Grifols
Worldwide
Operations
Ltd.
,
94,753
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.00%)
7.54%
11/15/2027
94,872
GTCR
W
Merger
Sub
LLC
,
85,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.50%
Floor)
8.36%
09/20/2030
85,478
Hub
International
Ltd.
,
14,963
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.25%,
0.75%
Floor)
9.66%
06/20/2030
15,046
4
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Ineos
U.S.
Finance
LLC
,
104,475
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.96%
02/18/2030
104,736
ION
Trading
Finance
Ltd.
,
59,694
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.75%)
10.20%
04/01/2028
59,839
IRB
Holding
Corp.
,
119,091
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.75%
Floor)
8.45%
12/15/2027
119,431
Jazz
Pharmaceuticals
plc
,
69,212
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.97%
05/05/2028
69,659
Kronos
Acquisition
Holdings,
Inc.
,
29,946
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.36%
12/22/2026
29,975
LifePoint
Health,
Inc.
,
115,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
5.50%)
11.17%
11/16/2028
114,871
Lummus
Technology
Holdings
V
LLC
,
114,690
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%)
8.97%
06/30/2027
115,042
Mavis
Tire
Express
Services
Topco
Corp.
,
124,223
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.75%
Floor)
9.47%
05/04/2028
124,612
McAfee
Corp.
,
29,848
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.19%
03/01/2029
29,805
Medline
Borrower
LP
,
114,091
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.50%
Floor)
8.47%
10/23/2028
114,795
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Mitchell
International,
Inc.
,
35,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.40%
10/15/2028
35,035
Olympus
Water
U.S.
Holding
Corp.
,
59,721
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%,
0.50%
Floor)
9.36%
11/09/2028
59,683
Ontario
Gaming
GTA
LP
,
30,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.25%,
0.50%
Floor)
9.60%
08/01/2030
30,166
Osmosis
Buyer
Ltd.
,
139,130
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.50%
Floor)
9.09%
07/31/2028
139,410
Parexel
International,
Inc.
,
114,129
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.72%
11/15/2028
114,942
Penn
Entertainment,
Inc.
,
128,743
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%,
0.50%
Floor)
8.20%
05/03/2029
129,212
Perrigo
Co.
plc
,
144,773
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%,
0.50%
Floor)
7.70%
04/20/2029
144,833
PetSmart
LLC
,
119,086
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.21%
02/11/2028
117,955
Playa
Resorts
Holding
BV
,
59,698
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.25%,
0.50%
Floor)
9.61%
01/05/2029
59,837
|
December
31,
2023
5
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
PMHC
II,
Inc.
,
29,924
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
4.25%,
0.50%
Floor)
9.81%
04/23/2029
28,749
Pregis
TopCo
LLC
,
49,741
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%)
9.11%
07/31/2026
49,916
Proofpoint,
Inc.
,
128,574
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.25%,
0.50%
Floor)
8.72%
08/31/2028
128,793
QUIKRETE
Holdings,
Inc.
,
24,873
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%)
8.22%
03/19/2029
24,977
RealPage,
Inc.
,
119,389
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.50%
Floor)
8.47%
04/24/2028
118,726
Scientific
Games
Holdings
LP
,
44,773
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.25%,
0.50%
Floor)
8.66%
04/04/2029
44,846
SMG
U.S.
Midco
2,
Inc.
,
119,070
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.50%)
8.14%
01/23/2025
119,382
Sophia
LP
,
114,453
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.96%
10/07/2027
114,837
Sotera
Health
Holdings
LLC
,
115,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
2.75%,
0.50%
Floor)
8.39%
12/11/2026
115,096
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
SRS
Distribution,
Inc.
,
130,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.50%,
0.50%
Floor)
8.97%
06/02/2028
130,380
SWF
Holdings
I
Corp.
,
34,823
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
4.00%,
0.75%
Floor)
9.47%
10/06/2028
31,286
TransDigm,
Inc.
,
50,000
Senior
Secured
First
Lien
Term
Loan
(1
Month
LIBOR
USD
+
3.25%)
(c)
8.60%
02/14/2031
50,284
UKG,
Inc.
,
119,067
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
3
Month
+
3.75%)
9.23%
05/04/2026
119,498
United
AirLines,
Inc.
,
34,910
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.75%,
0.75%
Floor)
9.22%
04/21/2028
35,085
Virgin
Media
Bristol
LLC
,
115,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
6
Month
+
3.25%)
8.79%
03/31/2031
114,784
Wand
Newco
3,
Inc.
,
49,741
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.75%)
8.22%
02/05/2026
49,949
Whatabrands
LLC
,
119,089
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%,
0.50%
Floor)
8.47%
08/03/2028
119,440
Wyndham
Hotels
&
Resorts,
Inc.
,
59,700
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
2.25%)
7.71%
05/24/2030
59,928
Zayo
Group
Holdings,
Inc.
,
30,000
Senior
Secured
First
Lien
Term
Loan
(CME
Term
SOFR
1
Month
+
3.00%)
8.47%
03/09/2027
25,865
Total
Bank
Loans
(Cost
$6,522,629)
6,595,698
6
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
COLLATERALIZED
LOAN
OBLIGATIONS
3.9%
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
501,640
Bain
Capital
Credit
CLO
Ltd.
,
500,000
Series
2023-4A-C
(CME
Term
SOFR
3
Month
+
2.90%,
2.90%
Floor)
8.32%
(a)
10/21/2036
503,862
CBAM
Ltd.
,
500,000
Series
2017-2A-BR
(CME
Term
SOFR
3
Month
+
2.11%,
1.85%
Floor)
7.51%
(a)
07/17/2034
496,503
Dryden
78
CLO
Ltd.
,
500,000
Series
2020-78A-B
(CME
Term
SOFR
3
Month
+
1.76%,
1.50%
Floor)
7.16%
(a)
04/17/2033
497,168
Eaton
Vance
CLO
Ltd.
,
500,000
Series
2013-1A-A23R
(CME
Term
SOFR
3
Month
+
1.81%,
1.55%
Floor)
7.21%
(a)
01/15/2034
495,670
Empower
CLO
Ltd.
,
500,000
Series
2023-2A-B
(CME
Term
SOFR
3
Month
+
2.75%,
2.75%
Floor)
8.09%
(a)
07/15/2036
503,012
LoanCore
Issuer
Ltd.
,
199,106
Series
2021-CRE5-A
(CME
Term
SOFR
1
Month
+
1.41%,
1.41%
Floor)
6.78%
(a)
07/15/2036
196,153
Marble
Point
CLO
XI
Ltd.
,
500,000
Series
2017-2A-B
(CME
Term
SOFR
3
Month
+
1.76%,
1.50%
Floor)
7.16%
(a)
12/18/2030
494,129
MF1
Ltd.
,
158,644
Series
2021-FL7-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.55%
(a)
10/16/2036
156,620
Octagon
Investment
Partners
45
Ltd.
,
500,000
Series
2019-1A-BR
(CME
Term
SOFR
3
Month
+
1.85%,
1.85%
Floor)
7.24%
(a)
04/15/2035
494,610
Park
Avenue
Institutional
Advisers
CLO
Ltd.
,
500,000
Series
2018-1A-BR
(CME
Term
SOFR
3
Month
+
2.36%,
2.10%
Floor)
7.78%
(a)
10/20/2031
496,742
Race
Point
IX
CLO
Ltd.
,
1,000,000
Series
2015-9A-BR
(CME
Term
SOFR
3
Month
+
2.41%,
0.26%
Floor)
7.81%
(a)
10/15/2030
990,904
Steele
Creek
CLO
Ltd.
,
856,673
Series
2017-1A-A
(CME
Term
SOFR
3
Month
+
1.51%)
6.91%
(a)
10/15/2030
857,623
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Stratus
CLO
Ltd.
,
500,000
Series
2021-1A-C
(CME
Term
SOFR
3
Month
+
2.01%,
2.01%
Floor)
7.43%
(a)
12/29/2029
501,258
STWD
Ltd.
,
159,713
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.67%
(a)
04/18/2038
156,674
Venture
XXVI
CLO
Ltd.
,
500,000
Series
2017-26A-BR
(CME
Term
SOFR
3
Month
+
1.96%,
1.70%
Floor)
7.38%
(a)
01/20/2029
497,265
Voya
CLO
Ltd.
,
1,000,000
Series
2013-1A-BR
(CME
Term
SOFR
3
Month
+
2.16%)
7.56%
(a)
10/15/2030
990,055
Wellfleet
CLO
Ltd.
,
500,000
Series
2017-3A-A2
(CME
Term
SOFR
3
Month
+
1.76%,
1.50%
Floor)
7.16%
(a)
01/17/2031
497,928
Total
Collateralized
Loan
Obligations
(Cost
$9,145,643)
9,327,816
FOREIGN
CORPORATE
BONDS
7.4%
AUSTRALIA
0.4%
265,000
BHP
Billiton
Finance
USA
Ltd.
5.25%
09/08/2030
274,696
175,000
Glencore
Funding
LLC
1.63%
(a)
04/27/2026
162,300
330,000
Macquarie
Group
Ltd.
(SOFR
+
2.21%)
5.11%
(a)
08/09/2026
328,809
335,000
Westpac
Banking
Corp.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%)
3.02%
11/18/2036
272,680
1,038,485
BERMUDA
0.1%
310,000
Triton
Container
International
Ltd.
3.25%
03/15/2032
248,753
BRAZIL
0.9%
200,000
Banco
do
Brasil
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
10
Year
+
4.40%)
6.25%
(d)
04/15/2024
195,646
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
187,564
|
December
31,
2023
7
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
200,000
Braskem
Netherlands
Finance
BV
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
8.22%)
8.50%
01/23/2081
172,188
250,000
Cosan
Overseas
Ltd.
8.25%
(d)
02/05/2024
249,316
200,000
CSN
Resources
SA
5.88%
04/08/2032
174,133
342,716
Guara
Norte
Sarl
5.20%
06/15/2034
312,592
200,000
Minerva
Luxembourg
SA
4.38%
03/18/2031
165,091
161,272
MV24
Capital
BV
6.75%
06/01/2034
151,082
200,000
NBM
US
Holdings,
Inc.
6.63%
08/06/2029
196,279
200,000
Rumo
Luxembourg
Sarl
4.20%
01/18/2032
170,464
200,000
Simpar
Europe
SA
5.20%
01/26/2031
173,465
2,147,820
CANADA
0.7%
285,000
Bank
of
Montreal
(5
Year
Swap
Rate
USD
+
1.43%)
3.80%
12/15/2032
262,463
535,000
Bank
of
Nova
Scotia
(The)
3.45%
04/11/2025
523,850
170,000
Bombardier,
Inc.
7.88%
(a)
04/15/2027
170,191
75,000
Bombardier,
Inc.
8.75%
(a)
11/15/2030
79,946
30,000
Garda
World
Security
Corp.
4.63%
(a)
02/15/2027
28,944
35,000
Garda
World
Security
Corp.
6.00%
(a)
06/01/2029
31,411
55,000
GFL
Environmental,
Inc.
6.75%
(a)
01/15/2031
56,734
80,000
Parkland
Corp.
4.63%
(a)
05/01/2030
73,688
85,000
Titan
Acquisition
Ltd.
7.75%
(a)
04/15/2026
85,618
260,000
Toronto-Dominion
Bank
(The)
4.69%
09/15/2027
260,139
1,572,984
CAYMAN
ISLANDS
0.1%
205,000
Global
Aircraft
Leasing
Co.
Ltd.
6.50%
(a)
09/15/2024
192,939
CHILE
0.3%
200,000
Agrosuper
SA
4.60%
01/20/2032
172,201
400,000
CAP
SA
3.90%
04/27/2031
311,600
200,000
Chile
Electricity
PEC
SpA
0.00%
01/25/2028
159,894
643,695
CHINA
0.2%
550,000
NXP
BV
3.88%
06/18/2026
536,060
COLOMBIA
0.8%
206,250
AI
Candelaria
Spain
SA
7.50%
12/15/2028
195,667
250,000
AI
Candelaria
Spain
SA
5.75%
06/15/2033
194,110
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
350,000
Banco
GNB
Sudameris
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.56%)
7.05%
04/03/2027
340,605
200,000
Bancolombia
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.94%)
4.63%
12/18/2029
185,547
200,000
Canacol
Energy
Ltd.
5.75%
11/24/2028
146,048
200,000
Empresas
Publicas
de
Medellin
ESP
4.25%
07/18/2029
170,676
182,000
Fideicomiso
PA
Pacifico
Tres
8.25%
01/15/2035
173,696
400,000
Geopark
Ltd.
5.50%
01/17/2027
354,537
200,000
Gran
Tierra
Energy,
Inc.
9.50%
(a)
10/15/2029
175,787
1,936,673
GUATEMALA
0.3%
150,000
Banco
Industrial
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.44%)
4.88%
01/29/2031
141,308
400,000
CT
Trust
5.13%
02/03/2032
350,023
180,000
Millicom
International
Cellular
SA
6.25%
03/25/2029
170,778
662,109
INDIA
0.5%
200,000
Adani
Electricity
Mumbai
Ltd.
3.87%
07/22/2031
155,552
177,500
Adani
International
Container
Terminal
Pvt.
Ltd.
3.00%
02/16/2031
145,703
400,000
Adani
Ports
&
Special
Economic
Zone
Ltd.
3.83%
02/02/2032
310,457
157,000
Adani
Transmission
Step-One
Ltd.
4.25%
05/21/2036
126,710
161,000
JSW
Hydro
Energy
Ltd.
4.13%
05/18/2031
140,454
200,000
Network
i2i
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.27%)
5.65%
(d)
01/15/2025
198,086
200,000
UPL
Corp.
Ltd.
4.50%
03/08/2028
177,392
1,254,354
INDONESIA
0.4%
200,000
Freeport
Indonesia
PT
5.32%
04/14/2032
196,616
200,000
Indonesia
Asahan
Aluminium
PT
5.45%
05/15/2030
201,998
321,840
LLPL
Capital
Pte.
Ltd.
6.88%
02/04/2039
310,617
200,000
Minejesa
Capital
BV
4.63%
08/10/2030
190,250
8
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
200,000
Minejesa
Capital
BV
5.63%
08/10/2037
175,728
1,075,209
IRELAND
0.2%
485,000
Avolon
Holdings
Funding
Ltd.
3.25%
(a)
02/15/2027
448,938
KUWAIT
0.1%
200,000
MEGlobal
Canada
ULC
5.00%
05/18/2025
197,990
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
184,278
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
192,426
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
170,895
200,000
Banco
Santander
Mexico
SA
Institucion
de
Banca
Multiple
Grupo
Financiero
Santand
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.00%)
7.53%
10/01/2028
209,460
400,000
BBVA
Bancomer
SA
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.65%)
5.13%
01/18/2033
362,738
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
213,250
200,000
Industrias
Penoles
SAB
de
CV
4.15%
09/12/2029
186,907
379,272
Mexico
Generadora
de
Energia
S
de
rl
5.50%
12/06/2032
369,923
100,000
Petroleos
Mexicanos
6.75%
09/21/2047
65,558
1,955,435
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
PANAMA
0.1%
200,000
Global
Bank
Corp.
(3
Month
LIBOR
USD
+
3.30%)
(c)
5.25%
04/16/2029
179,244
PARAGUAY
0.2%
200,000
Frigorifico
Concepcion
SA
7.70%
07/21/2028
169,505
346,667
Rutas
2
&
7
Finance
Ltd.
0.00%
09/30/2036
230,785
400,290
PERU
0.9%
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
238,016
150,000
Banco
Internacional
del
Peru
SAA
Interbank
(3
Month
LIBOR
USD
+
5.76%)
(c)
6.63%
03/19/2029
149,428
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
191,676
400,000
Cia
de
Minas
Buenaventura
SAA
5.50%
07/23/2026
382,217
200,000
Corp.
Financiera
de
Desarrollo
SA
(3
Month
LIBOR
USD
+
5.61%)
(c)
5.25%
07/15/2029
198,329
200,000
Inkia
Energy
Ltd.
5.88%
11/09/2027
191,261
88,849
Lima
Metro
Line
2
Finance
Ltd.
5.88%
07/05/2034
88,001
209,000
Orazul
Energy
Peru
SA
5.63%
04/28/2027
197,183
400,000
Petroleos
del
Peru
SA
5.63%
06/19/2047
246,790
200,000
Transportadora
de
Gas
del
Peru
SA
4.25%
04/30/2028
197,067
2,079,968
SAUDI
ARABIA
0.1%
200,000
EIG
Pearl
Holdings
Sarl
3.55%
08/31/2036
174,680
SINGAPORE
0.1%
200,000
Oversea-Chinese
Banking
Corp.
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.58%)
1.83%
09/10/2030
188,208
|
December
31,
2023
9
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
200,000
United
Overseas
Bank
Ltd.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.23%)
2.00%
10/14/2031
182,303
370,511
SOUTH
AFRICA
0.1%
200,000
Sasol
Financing
USA
LLC
4.38%
09/18/2026
186,479
200,000
Sasol
Financing
USA
LLC
5.50%
03/18/2031
168,672
355,151
VIETNAM
0.1%
230,573
Mong
Duong
Finance
Holdings
BV
5.13%
05/07/2029
214,716
Total
Foreign
Corporate
Bonds
(Cost
$17,193,183)
17,686,004
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
5.9%
BANK
,
300,000
Series
2018-BN11-C
4.37%
(e)
03/15/2061
254,325
200,000
Series
2018-BN14-A3
3.97%
09/15/2060
191,678
160,000
Series
2019-BN23-A3
2.92%
12/15/2052
141,869
220,000
Series
2021-BN32-A4
2.35%
04/15/2054
187,435
300,000
Series
2021-BN38-A5
2.52%
12/15/2064
250,042
307,000
Series
2022-BNK43-C
5.23%
(e)
08/15/2055
231,247
6,006,263
Series
2023-BNK46-XA
0.62%
(e)(f)
08/15/2056
243,945
Bank
of
America
Merrill
Lynch
Commercial
Mortgage
Trust
,
266,000
Series
2016-UB10-C
4.82%
(e)
07/15/2049
231,349
197,912
Series
2017-BNK3-A3
3.31%
02/15/2050
187,848
BANK5
,
11,936,158
Series
2023-5YR1-XA
0.27%
(e)(f)
04/15/2056
136,800
BBCMS
Mortgage
Trust
,
300,000
Series
2021-C12-A5
2.69%
11/15/2054
255,415
180,000
Series
2021-C12-AS
2.90%
11/15/2054
147,015
250,000
Series
2021-C9-A5
2.30%
02/15/2054
209,998
100,000
Series
2022-C16-A5
4.60%
(e)
06/15/2055
97,385
200,000
Series
2022-C17-A5
4.44%
09/15/2055
192,487
250,000
Series
2023-C19-A5
5.45%
04/15/2056
258,616
Benchmark
Mortgage
Trust
,
7,559,498
Series
2018-B2-XA
0.45%
(e)(f)
02/15/2051
98,753
150,000
Series
2019-B14-ASB
2.96%
12/15/2062
140,944
190,000
Series
2020-B19-A2
1.69%
09/15/2053
174,093
250,000
Series
2021-B31-A5
2.67%
12/15/2054
210,774
250,000
Series
2022-B35-C
4.44%
(e)
05/15/2055
176,326
305,000
Series
2022-B37-C
5.75%
(e)
11/15/2055
231,155
200,000
Series
2023-B38-A4
5.52%
04/15/2056
206,359
7,096,834
Series
2023-V3-XA
0.81%
(e)(f)
07/15/2056
229,917
Cantor
Commercial
Real
Estate
Lending
,
500,000
Series
2019-CF1-C
4.35%
(e)
05/15/2052
382,829
CFCRE
Commercial
Mortgage
Trust
,
184,634
Series
2016-C6-A2
2.95%
11/10/2049
174,928
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Citigroup
Commercial
Mortgage
Trust
,
250,000
Series
2015-GC27-C
4.42%
(e)
02/10/2048
231,364
311,815
Series
2017-P7-A3
3.44%
04/14/2050
295,534
300,000
Series
2018-B2-A3
3.74%
03/10/2051
283,510
272,432
Series
2018-C5-A3
3.96%
06/10/2051
261,146
100,000
Series
2022-GC48-A5
4.58%
(e)
05/15/2054
97,671
Commercial
Mortgage
Trust
,
205,000
Series
2016-DC2-C
4.66%
(e)
02/10/2049
186,237
CSMC
Trust
,
273,000
Series
2021-B33-A2
3.17%
(a)
10/10/2043
208,083
DBJPM
Mortgage
Trust
,
290,000
Series
2016-C1-B
4.20%
(e)
05/10/2049
259,393
250,000
Series
2016-C1-C
3.32%
(e)
05/10/2049
212,502
250,000
Series
2020-C9-ASB
1.88%
08/15/2053
219,260
Del
Amo
Fashion
Center
Trust
,
250,000
Series
2017-AMO-C
3.64%
(a)(e)
06/05/2035
204,453
FIVE
Mortgage
Trust
,
250,000
Series
2023-V1-D
6.40%
(a)(e)
02/10/2056
211,164
GS
Mortgage
Securities
Corp.
II
,
250,000
Series
2023-SHIP-A
4.32%
(a)(e)
09/10/2038
243,215
GS
Mortgage
Securities
Trust
,
9,393,474
Series
2017-GS7-XA
1.08%
(e)(f)
08/10/2050
275,436
250,000
Series
2019-GC42-A3
2.75%
09/10/2052
222,358
250,000
Series
2019-GSA1-C
3.81%
(e)
11/10/2052
193,721
IMT
Trust
,
250,000
Series
2017-APTS-AFX
3.48%
(a)
06/15/2034
245,956
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
,
488,140
Series
2022-NLP-A
(CME
Term
SOFR
1
Month
+
0.60%,
0.60%
Floor)
5.96%
(a)
04/15/2037
450,213
JPMBB
Commercial
Mortgage
Securities
Trust
,
325,000
Series
2014-C21-B
4.34%
(e)
08/15/2047
298,691
JPMCC
Commercial
Mortgage
Securities
Trust
,
8,082,635
Series
2017-JP6-XA
1.02%
(e)(f)
07/15/2050
194,880
LSTAR
Commercial
Mortgage
Trust
,
250,000
Series
2015-3-D
3.13%
(a)(e)
04/20/2048
232,311
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
,
250,000
Series
2016-C31-C
4.26%
(e)
11/15/2049
195,256
Morgan
Stanley
Capital
I
Trust
,
283,000
Series
2018-L1-C
4.78%
(e)
10/15/2051
229,248
MSWF
Commercial
Mortgage
Trust
,
250,000
Series
2023-2-A1
5.96%
12/15/2056
251,359
NJ
Trust
,
250,000
Series
2023-GSP-A
6.70%
(a)(e)
01/06/2029
257,934
RIAL
Issuer
Ltd.
,
350,000
Series
2022-FL8-A
(CME
Term
SOFR
1
Month
+
2.25%,
2.25%
Floor)
7.61%
(a)
01/19/2037
344,839
SREIT
Trust
,
258,353
Series
2021-MFP-A
(CME
Term
SOFR
1
Month
+
0.85%,
0.73%
Floor)
6.21%
(a)
11/15/2038
254,307
UBS
Commercial
Mortgage
Trust
,
273,308
Series
2017-C4-A3
3.30%
10/15/2050
256,271
324,000
Series
2018-C10-C
5.05%
(e)
05/15/2051
264,672
200,000
Series
2018-C8-C
4.68%
(e)
02/15/2051
166,569
Wells
Fargo
Commercial
Mortgage
Trust
,
301,863
Series
2015-C27-A4
3.19%
02/15/2048
294,120
10
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
250,000
Series
2015-LC22-A4
3.84%
09/15/2058
242,466
306,000
Series
2017-C41-B
4.19%
(e)
11/15/2050
264,736
320,000
Series
2018-C45-C
4.73%
06/15/2051
282,537
270,000
Series
2020-C58-A3
1.81%
07/15/2053
225,804
246,000
Series
2021-C60-A3
2.06%
08/15/2054
205,360
WFRBS
Commercial
Mortgage
Trust
,
8,834,873
Series
2014-C21-XA
0.98%
(e)(f)
08/15/2047
42,509
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$14,285,858)
14,048,617
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
10.1%
BRAVO
Residential
Funding
Trust
,
1,216,151
Series
2023-NQM3-A1
4.85%
(a)(b)
09/25/2062
1,198,118
1,907,681
Series
2023-NQM5-A1
6.50%
(a)(b)
06/25/2063
1,929,603
Citigroup
Mortgage
Loan
Trust
,
529,008
Series
2007-AR8-2A1A
4.50%
(e)
07/25/2037
462,092
Connecticut
Avenue
Securities
Trust
,
500,000
Series
2022-R01-
1M2
(SOFR
30
Day
Average
+
1.90%)
7.24%
(a)
12/25/2041
501,563
Deephaven
Residential
Mortgage
Trust
,
973,640
Series
2022-2-A1
4.30%
(a)(e)
03/25/2067
928,783
FHLMC
STACR
REMIC
Trust
,
500,000
Series
2022-DNA2-
M1B
(SOFR
30
Day
Average
+
2.40%)
7.74%
(a)
02/25/2042
506,823
HOMES
Trust
,
902,159
Series
2023-NQM1-A1
6.18%
(a)(b)
01/25/2068
909,101
Legacy
Mortgage
Asset
Trust
,
432,368
Series
2021-GS2-A1
1.75%
(a)(b)
04/25/2061
418,774
New
Residential
Mortgage
Loan
Trust
,
943,162
Series
2019-RPL2-A1
3.25%
(a)(e)
02/25/2059
902,579
OBX
Trust
,
1,700,000
Series
2023-NQM10-A1
6.46%
(a)(b)
10/25/2063
1,722,217
901,821
Series
2023-NQM2-A1
6.32%
(a)(b)
01/25/2062
910,073
902,880
Series
2023-NQM3-A3
6.76%
(a)(b)
02/25/2063
907,567
RFMSI
Trust
,
1,409,986
Series
2006-S4-A7
6.00%
04/25/2036
1,114,056
Structured
Asset
Mortgage
Investments
II
Trust
,
1,315,290
Series
2007-AR3-
1A3
(CME
Term
SOFR
1
Month
+
0.53%,
0.42%
Floor)
5.89%
09/25/2047
1,091,353
Towd
Point
Mortgage
Trust
,
1,761,749
Series
2018-5-A1
3.25%
(a)(e)
07/25/2058
1,659,828
2,387,885
Series
2020-2-A1A
1.64%
(a)(e)
04/25/2060
2,122,991
258,517
Series
2020-3-A1
3.09%
(a)(e)
02/25/2063
245,849
1,003,498
Series
2022-1-A1
3.75%
(a)(e)
07/25/2062
941,241
Verus
Securitization
Trust
,
522,781
Series
2021-8-A1
1.82%
(a)(e)
11/25/2066
454,379
1,328,086
Series
2023-4-A1
5.81%
(a)(b)
05/25/2068
1,327,490
873,664
Series
2023-INV1-A3
6.76%
(a)(b)
02/25/2068
877,225
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
2,489,250
Series
2023-INV3-A1
6.88%
(a)(e)
11/25/2068
2,538,479
WaMu
Mortgage-Backed
Pass-Through
Certificates
Trust
,
423,032
Series
2006-AR16-2A1
4.34%
(e)
12/25/2036
367,400
Wells
Fargo
Mortgage
Backed
Securities
Trust
,
327,436
Series
2006-AR14-2A1
6.38%
(e)
10/25/2036
289,369
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$24,302,559)
24,326,953
US
CORPORATE
BONDS
14.0%
590,000
AbbVie,
Inc.
4.70%
05/14/2045
562,050
160,000
Academy
Ltd.
6.00%
(a)
11/15/2027
157,311
75,000
AdaptHealth
LLC
5.13%
(a)
03/01/2030
58,602
195,000
Advanced
Drainage
Systems,
Inc.
6.38%
(a)
06/15/2030
196,586
100,000
AEP
Transmission
Co.
LLC
5.40%
03/15/2053
104,108
40,000
Aethon
United
BR
LP
8.25%
(a)
02/15/2026
40,241
270,000
Air
Lease
Corp.
1.88%
08/15/2026
248,498
435,000
Alexandria
Real
Estate
Equities,
Inc.
3.00%
05/18/2051
287,037
65,000
Alliant
Holdings
Intermediate
LLC
6.75%
(a)
04/15/2028
66,538
125,000
Allied
Universal
Holdco
LLC
6.63%
(a)
07/15/2026
124,461
70,000
Allied
Universal
Holdco
LLC
9.75%
(a)
07/15/2027
68,671
195,000
American
Airlines,
Inc.
7.25%
(a)
02/15/2028
197,407
65,000
American
Airlines,
Inc.
5.75%
(a)
04/20/2029
63,434
110,000
American
Airlines,
Inc.
8.50%
(a)
05/15/2029
116,229
245,000
American
Express
Co.
5.85%
11/05/2027
255,593
65,000
Amgen,
Inc.
5.25%
03/02/2030
66,850
110,000
Amgen,
Inc.
5.75%
03/02/2063
115,544
220,000
AssuredPartners,
Inc.
5.63%
(a)
01/15/2029
205,625
390,000
AT&T,
Inc.
3.50%
09/15/2053
283,347
135,000
AthenaHealth
Group,
Inc.
6.50%
(a)
02/15/2030
122,649
205,000
Athene
Global
Funding
(SOFR
Compounded
Index
+
0.56%)
5.98%
(a)
08/19/2024
204,205
210,000
Athene
Holding
Ltd.
5.88%
01/15/2034
212,158
55,000
Bank
of
America
Corp.
(SOFR
+
1.11%)
3.84%
04/25/2025
54,655
45,000
Bank
of
America
Corp.
(SOFR
+
1.75%)
4.83%
07/22/2026
44,680
553,000
Bank
of
America
Corp.
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%)
2.48%
09/21/2036
438,284
|
December
31,
2023
11
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
180,000
Bausch
&
Lomb
Escrow
Corp.
8.38%
(a)
10/01/2028
190,114
60,000
BCPE
Empire
Holdings,
Inc.
7.63%
(a)
05/01/2027
57,918
160,000
Beacon
Roofing
Supply,
Inc.
6.50%
(a)
08/01/2030
163,718
240,000
Becton
Dickinson
&
Co.
4.69%
02/13/2028
241,161
305,000
Boeing
Co.
(The)
2.95%
02/01/2030
275,000
270,000
BP
Capital
Markets
America,
Inc.
4.89%
09/11/2033
274,846
720,000
Broadcom,
Inc.
3.50%
(a)
02/15/2041
571,363
90,000
Builders
FirstSource,
Inc.
5.00%
(a)
03/01/2030
87,006
95,000
Builders
FirstSource,
Inc.
6.38%
(a)
06/15/2032
97,112
50,000
Callon
Petroleum
Co.
7.50%
(a)
06/15/2030
50,479
50,000
Calpine
Corp.
5.13%
(a)
03/15/2028
47,970
210,000
Carnival
Corp.
5.75%
(a)
03/01/2027
204,999
25,000
Carrier
Global
Corp.
6.20%
(a)
03/15/2054
28,929
125,000
CCO
Holdings
LLC
5.13%
(a)
05/01/2027
120,849
145,000
CCO
Holdings
LLC
4.75%
(a)
02/01/2032
128,050
75,000
Central
Parent
LLC
8.00%
(a)
06/15/2029
78,340
535,000
Charter
Communications
Operating
LLC
4.91%
07/23/2025
530,218
275,000
Cheniere
Energy,
Inc.
4.63%
10/15/2028
268,627
70,000
Chesapeake
Energy
Corp.
5.88%
(a)
02/01/2029
68,673
40,000
Chord
Energy
Corp.
6.38%
(a)
06/01/2026
40,040
30,000
CHS/Community
Health
Systems,
Inc.
6.00%
(a)
01/15/2029
27,038
475,000
Citigroup,
Inc.
(SOFR
+
1.35%)
3.06%
01/25/2033
405,423
95,000
Civitas
Resources,
Inc.
8.38%
(a)
07/01/2028
99,294
25,000
Clear
Channel
Outdoor
Holdings,
Inc.
7.75%
(a)
04/15/2028
21,579
60,000
CNX
Resources
Corp.
6.00%
(a)
01/15/2029
57,589
290,000
Comcast
Corp.
3.40%
04/01/2030
271,549
295,000
Constellation
Brands,
Inc.
3.15%
08/01/2029
274,397
65,000
Coty,
Inc.
5.00%
(a)
04/15/2026
64,014
235,000
Coty,
Inc.
6.63%
(a)
07/15/2030
241,565
287,000
Crown
Castle,
Inc.
3.65%
09/01/2027
273,109
350,000
CSX
Corp.
3.80%
11/01/2046
291,306
65,000
CVS
Health
Corp.
5.13%
02/21/2030
66,047
135,000
CVS
Health
Corp.
5.30%
06/01/2033
138,597
135,000
CVS
Health
Corp.
5.88%
06/01/2053
142,172
120,000
Directv
Financing
LLC
5.88%
(a)
08/15/2027
112,848
543,000
Dollar
Tree,
Inc.
4.00%
05/15/2025
533,533
120,000
Dornoch
Debt
Merger
Sub,
Inc.
6.63%
(a)
10/15/2029
108,338
125,000
DTE
Energy
Co.
4.22%
(b)
11/01/2024
123,616
105,000
Duke
Energy
Carolinas
LLC
3.55%
03/15/2052
80,637
70,000
Duke
Energy
Corp.
4.30%
03/15/2028
69,070
90,000
Duke
Energy
Corp.
5.00%
08/15/2052
84,219
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
85,000
Dun
&
Bradstreet
Corp.
(The)
5.00%
(a)
12/15/2029
79,382
235,000
Elevance
Health,
Inc.
2.38%
01/15/2025
228,324
95,000
Elevance
Health,
Inc.
4.55%
05/15/2052
86,790
270,000
Energy
Transfer
LP
4.75%
01/15/2026
268,368
85,000
Entergy
Louisiana
LLC
4.75%
09/15/2052
78,277
95,000
EQM
Midstream
Partners
LP
6.50%
(a)
07/01/2027
96,791
150,000
Equinix,
Inc.
3.90%
04/15/2032
139,365
265,000
Equinix,
Inc.
2.95%
09/15/2051
177,353
305,000
Essential
Utilities,
Inc.
2.70%
04/15/2030
266,821
80,000
Everi
Holdings,
Inc.
5.00%
(a)
07/15/2029
72,717
170,000
Exelon
Corp.
5.15%
03/15/2028
172,928
265,000
Expedia
Group,
Inc.
5.00%
02/15/2026
264,850
300,000
Expedia
Group,
Inc.
3.25%
02/15/2030
275,201
75,000
Ferrellgas
LP
5.38%
(a)
04/01/2026
73,470
35,000
Fertitta
Entertainment
LLC
6.75%
(a)
01/15/2030
30,770
165,000
Ford
Motor
Co.
3.25%
02/12/2032
137,300
210,000
Fortrea
Holdings,
Inc.
7.50%
(a)
07/01/2030
215,927
135,000
Fortress
Transportation
and
Infrastructure
Investors
LLC
7.88%
(a)
12/01/2030
140,769
60,000
Frontier
Communications
Holdings
LLC
5.88%
(a)
10/15/2027
58,016
55,000
Frontier
Communications
Holdings
LLC
8.63%
(a)
03/15/2031
56,122
310,000
General
Motors
Financial
Co.,
Inc.
2.40%
10/15/2028
275,455
80,000
Gilead
Sciences,
Inc.
5.55%
10/15/2053
86,752
135,000
Global
Payments,
Inc.
4.95%
08/15/2027
135,300
530,000
Goldman
Sachs
Group,
Inc.
(The)
(SOFR
+
0.82%)
6.23%
09/10/2027
519,763
105,000
Griffon
Corp.
5.75%
03/01/2028
103,297
40,000
Gulfport
Energy
Corp.
8.00%
(a)
05/17/2026
40,477
285,000
HCA,
Inc.
4.13%
06/15/2029
272,682
90,000
Hess
Midstream
Operations
LP
5.50%
(a)
10/15/2030
87,209
105,000
Hewlett
Packard
Enterprise
Co.
5.90%
10/01/2024
105,294
210,000
Hilcorp
Energy
I
LP
5.75%
(a)
02/01/2029
203,031
20,000
Hilcorp
Energy
I
LP
8.38%
(a)
11/01/2033
21,220
300,000
Host
Hotels
&
Resorts
LP
3.50%
09/15/2030
267,880
200,000
Hyundai
Capital
America
5.68%
(a)
06/26/2028
203,999
260,000
Intuit,
Inc.
5.50%
09/15/2053
284,600
345,000
Invitation
Homes
Operating
Partnership
LP
2.70%
01/15/2034
277,618
180,000
IQVIA,
Inc.
6.25%
(a)
02/01/2029
188,135
12
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
210,000
Iron
Mountain,
Inc.
7.00%
(a)
02/15/2029
215,986
125,000
JPMorgan
Chase
&
Co.
(SOFR
+
1.99%)
4.85%
07/25/2028
125,097
630,000
JPMorgan
Chase
&
Co.
(SOFR
+
1.26%)
2.96%
01/25/2033
540,088
250,000
Kinder
Morgan
Energy
Partners
LP
6.95%
01/15/2038
274,831
70,000
Level
3
Financing,
Inc.
10.50%
(a)
05/15/2030
67,944
105,000
LifePoint
Health,
Inc.
11.00%
(a)
10/15/2030
110,712
50,000
Light
&
Wonder
International,
Inc.
7.25%
(a)
11/15/2029
51,245
45,000
Live
Nation
Entertainment,
Inc.
6.50%
(a)
05/15/2027
45,817
80,000
Lowe's
Cos.,
Inc.
5.63%
04/15/2053
83,944
55,000
Madison
IAQ
LLC
4.13%
(a)
06/30/2028
50,058
110,000
Madison
IAQ
LLC
5.88%
(a)
06/30/2029
97,054
280,000
Marriott
International,
Inc.
3.13%
06/15/2026
269,187
260,000
Marvell
Technology,
Inc.
5.95%
09/15/2033
275,905
75,000
Match
Group
Holdings
II
LLC
5.00%
(a)
12/15/2027
73,298
140,000
McDonald's
Corp.
3.60%
07/01/2030
132,867
55,000
McGraw-Hill
Education,
Inc.
5.75%
(a)
08/01/2028
53,090
195,000
Medline
Borrower
LP
5.25%
(a)
10/01/2029
184,064
310,000
Meta
Platforms,
Inc.
4.45%
08/15/2052
285,049
40,000
Metis
Merger
Sub
LLC
6.50%
(a)
05/15/2029
36,217
275,000
MetLife,
Inc.
5.25%
01/15/2054
282,930
85,000
Michaels
Cos.,
Inc.
(The)
5.25%
(a)
05/01/2028
67,263
135,000
Midwest
Gaming
Borrower
LLC
4.88%
(a)
05/01/2029
125,699
195,000
ModivCare
Escrow
Issuer,
Inc.
5.00%
(a)
10/01/2029
159,641
381,000
Monongahela
Power
Co.
5.40%
(a)
12/15/2043
373,975
620,000
Morgan
Stanley
(SOFR
+
1.36%)
2.48%
09/16/2036
491,720
50,000
Nationstar
Mortgage
Holdings,
Inc.
5.75%
(a)
11/15/2031
46,692
100,000
NCL
Corp.
Ltd.
8.38%
(a)
02/01/2028
105,952
280,000
NetApp,
Inc.
1.88%
06/22/2025
266,520
115,000
Netflix,
Inc.
4.88%
04/15/2028
116,611
230,000
NGL
Energy
Operating
LLC
7.50%
(a)
02/01/2026
232,484
80,000
NRG
Energy,
Inc.
3.63%
(a)
02/15/2031
68,831
80,000
NuStar
Logistics
LP
6.00%
06/01/2026
79,931
125,000
Occidental
Petroleum
Corp.
6.63%
09/01/2030
133,091
40,000
OneMain
Finance
Corp.
6.88%
03/15/2025
40,523
125,000
ONEOK,
Inc.
6.63%
09/01/2053
140,050
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
20,000
Oracle
Corp.
6.25%
11/09/2032
21,765
35,000
Oracle
Corp.
3.80%
11/15/2037
29,779
65,000
Outfront
Media
Capital
LLC
7.38%
(a)
02/15/2031
68,300
125,000
Owens
&
Minor,
Inc.
6.63%
(a)
04/01/2030
119,507
335,000
Owens
Corning
4.40%
01/30/2048
292,511
325,000
Pacific
Gas
and
Electric
Co.
2.50%
02/01/2031
268,407
300,000
Packaging
Corp.
of
America
3.00%
12/15/2029
271,827
60,000
Pactiv
Evergreen
Group
Issuer
LLC
4.38%
(a)
10/15/2028
56,154
80,000
Park
Intermediate
Holdings
LLC
4.88%
(a)
05/15/2029
74,139
135,000
Parker-Hannifin
Corp.
4.25%
09/15/2027
133,900
115,000
PennyMac
Financial
Services,
Inc.
7.88%
(a)
12/15/2029
118,542
278,000
Penske
Truck
Leasing
Co.
LP
4.20%
(a)
04/01/2027
268,909
65,000
Permian
Resources
Operating
LLC
7.00%
(a)
01/15/2032
67,107
270,000
Philip
Morris
International,
Inc.
5.13%
02/15/2030
274,585
115,000
Pike
Corp.
8.63%
(a)
01/31/2031
120,990
50,000
Post
Holdings,
Inc.
5.50%
(a)
12/15/2029
48,231
95,000
Qorvo,
Inc.
1.75%
12/15/2024
91,207
340,000
Quanta
Services,
Inc.
2.35%
01/15/2032
281,562
30,000
Realogy
Group
LLC
5.75%
(a)
01/15/2029
23,348
125,000
Realty
Income
Corp.
5.05%
01/13/2026
124,987
135,000
Regal
Rexnord
Corp.
6.05%
(a)
02/15/2026
136,523
80,000
Roller
Bearing
Co.
of
America,
Inc.
4.38%
(a)
10/15/2029
74,134
185,000
Royal
Caribbean
Cruises
Ltd.
7.25%
(a)
01/15/2030
193,326
130,000
Ryder
System,
Inc.
5.65%
03/01/2028
133,995
240,000
Sabine
Pass
Liquefaction
LLC
5.00%
03/15/2027
241,141
75,000
San
Diego
Gas
&
Electric
Co.
5.35%
04/01/2053
76,030
285,000
Santander
Holdings
USA,
Inc.
(SOFR
+
1.25%)
2.49%
01/06/2028
261,142
110,000
Scientific
Games
Holdings
LP
6.63%
(a)
03/01/2030
104,128
45,000
Scripps
Escrow
II,
Inc.
3.88%
(a)
01/15/2029
39,846
60,000
Sealed
Air
Corp.
7.25%
(a)
02/15/2031
63,693
150,000
Sirius
XM
Radio,
Inc.
5.50%
(a)
07/01/2029
145,187
45,000
Sitio
Royalties
Operating
Partnership
LP
7.88%
(a)
11/01/2028
46,668
506,000
Smithfield
Foods,
Inc.
4.25%
(a)
02/01/2027
484,974
290,000
Southern
Co.
(The)
(US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%)
3.75%
09/15/2051
264,772
|
December
31,
2023
13
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
100,000
Spirit
AeroSystems,
Inc.
9.75%
(a)
11/15/2030
107,622
30,000
SRS
Distribution,
Inc.
6.13%
(a)
07/01/2029
28,477
110,000
Standard
Industries,
Inc.
4.38%
(a)
07/15/2030
101,154
35,000
Staples,
Inc.
7.50%
(a)
04/15/2026
32,594
95,000
Suburban
Propane
Partners
LP
5.00%
(a)
06/01/2031
86,267
615,000
Synchrony
Financial
2.88%
10/28/2031
493,105
255,000
Sysco
Corp.
5.95%
04/01/2030
271,251
200,000
Tenet
Healthcare
Corp.
6.13%
06/15/2030
202,467
260,000
T-Mobile
USA,
Inc.
4.75%
02/01/2028
259,229
155,000
Townsquare
Media,
Inc.
6.88%
(a)
02/01/2026
151,983
85,000
TransDigm,
Inc.
5.50%
11/15/2027
83,348
78,750
Transocean
Poseidon
Ltd.
6.88%
(a)
02/01/2027
78,532
50,000
Transocean,
Inc.
8.00%
(a)
02/01/2027
48,801
135,000
Trident
TPI
Holdings,
Inc.
12.75%
(a)
12/31/2028
144,619
130,000
Truist
Financial
Corp.
(SOFR
+
1.44%)
4.87%
01/26/2029
128,159
50,000
United
Airlines,
Inc.
4.63%
(a)
04/15/2029
46,814
200,000
UnitedHealth
Group,
Inc.
5.05%
04/15/2053
202,226
50,000
UnitedHealth
Group,
Inc.
4.95%
05/15/2062
49,391
55,000
Univision
Communications,
Inc.
7.38%
(a)
06/30/2030
54,906
95,000
Venture
Global
LNG,
Inc.
8.13%
(a)
06/01/2028
96,027
35,000
Venture
Global
LNG,
Inc.
8.38%
(a)
06/01/2031
35,034
45,000
Venture
Global
LNG,
Inc.
9.88%
(a)
02/01/2032
46,902
265,000
Veralto
Corp.
5.35%
(a)
09/18/2028
271,401
105,000
Verscend
Escrow
Corp.
9.75%
(a)
08/15/2026
105,804
50,000
Victoria's
Secret
&
Co.
4.63%
(a)
07/15/2029
41,829
135,000
Viking
Cruises
Ltd.
5.88%
(a)
09/15/2027
130,393
195,000
Viking
Cruises
Ltd.
9.13%
(a)
07/15/2031
207,926
60,000
Vistra
Operations
Co.
LLC
7.75%
(a)
10/15/2031
62,360
50,000
VT
Topco,
Inc.
8.50%
(a)
08/15/2030
52,072
60,000
WASH
Multifamily
Acquisition,
Inc.
5.75%
(a)
04/15/2026
57,804
100,000
Weatherford
International
Ltd.
8.63%
(a)
04/30/2030
104,496
115,000
Wells
Fargo
&
Co.
(SOFR
+
1.98%)
4.81%
07/25/2028
114,215
320,000
Wells
Fargo
&
Co.
(SOFR
+
1.74%)
5.57%
07/25/2029
326,932
305,000
Welltower
OP
LLC
2.05%
01/15/2029
268,445
264,000
Willis
North
America,
Inc.
4.50%
09/15/2028
257,453
285,000
Workday,
Inc.
3.70%
04/01/2029
273,711
60,000
WR
Grace
Holdings
LLC
5.63%
(a)
08/15/2029
52,866
270,000
WRKCo,
Inc.
3.75%
03/15/2025
265,114
235,000
XHR
LP
4.88%
(a)
06/01/2029
216,583
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
140,000
XPO,
Inc.
7.13%
(a)
06/01/2031
145,077
Total
US
Corporate
Bonds
(Cost
$32,812,313)
33,727,439
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
22.0%
FHLMC
REMICS
,
1,338,674
Series
5077-ME
2.00%
08/15/2048
1,115,006
FHLMC
STRIPS
,
2,081,226
Series
358-300
3.00%
10/15/2047
1,902,543
FHLMC
UMBS
,
1,378,230
Pool
RA7930
4.50%
09/01/2052
1,336,949
1,837,730
Pool
RA7939
5.00%
09/01/2052
1,821,175
2,867,011
Pool
SD2434
3.00%
08/01/2052
2,540,295
3,371,526
Pool
SD2969
2.50%
05/01/2052
2,912,500
325,893
Pool
SD3454
5.50%
08/01/2053
329,703
1,944,680
Pool
SD3574
3.00%
11/01/2048
1,765,246
1,652,506
Pool
SD3803
2.00%
02/01/2052
1,377,618
1,507,241
Pool
SD3892
5.50%
09/01/2053
1,519,611
FNMA
REMICS
,
1,151,897
Series
2017-112-ZC
3.00%
01/25/2048
935,979
1,431,591
Series
2018-53-Z
3.50%
07/25/2048
1,261,221
1,638,619
Series
2018-62-B
3.50%
09/25/2048
1,503,422
2,769,212
Series
2019-5-FE
(SOFR
30
Day
Average
+
0.56%,
0.45%
Floor,
6.50%
Cap)
5.90%
03/25/2049
2,704,330
FNMA
UMBS
,
2,158,769
Pool
BR2217
2.50%
08/01/2051
1,860,315
3,553,386
Pool
CA6032
2.50%
06/01/2050
3,075,449
1,860,242
Pool
CB4573
5.00%
09/01/2052
1,843,485
1,176,581
Pool
CB4820
4.50%
10/01/2052
1,141,340
699,340
Pool
CB6266
6.00%
05/01/2053
713,947
1,088,219
Pool
CB7272
6.00%
10/01/2053
1,112,078
1,963,588
Pool
FS1472
3.50%
11/01/2050
1,828,392
2,810,653
Pool
FS3708
5.00%
01/01/2053
2,784,956
2,111,390
Pool
FS4165
2.50%
04/01/2052
1,822,257
1,851,782
Pool
FS5420
2.50%
03/01/2052
1,592,395
1,944,291
Pool
FS5600
2.50%
06/01/2052
1,679,267
3,000,000
Pool
FS6517
2.50%
04/01/2052
2,588,531
2,723,721
Pool
MA4600
3.50%
05/01/2052
2,500,271
GNMA
,
1,231,610
Pool
785717
3.00%
11/20/2051
1,108,754
879,478
Pool
786227
3.00%
04/20/2052
791,808
1,302,117
Series
2013-116-WU
3.00%
12/20/2042
1,252,318
1,192,827
Series
2021-58-HP
3.00%
08/20/2050
1,059,346
1,108,719
Series
2022-23-BA
3.00%
05/20/2049
1,001,502
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$51,793,841)
52,782,009
US
GOVERNMENT
AND
AGENCY
OBLIGATIONS
24.8%
26,700,000
U.S.
Treasury
Bonds
4.75%
11/15/2043
28,648,266
12,000,000
U.S.
Treasury
Bonds
4.75%
11/15/2053
13,459,687
16,750,000
U.S.
Treasury
Notes
4.50%
11/15/2033
17,590,117
Total
US
Government
and
Agency
Obligations
(Cost
$56,417,116)
59,698,070
SHORT
TERM
INVESTMENTS
2.5%
3,038,725
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.30%
(g)
3,038,725
14
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Opportunistic
Bond
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
3,038,725
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.27%
(g)
3,038,725
Total
Short
Term
Investments
(Cost
$6,077,450)
6,077,450
Total
Investments
101.3%
(Cost
$237,797,211)
243,591,390
Liabilities
in
Excess
of
Other
Assets
(1.3)%
(3,227,232)
NET
ASSETS
100.0%
$240,364,158
INVESTMENT
BREAKDOWN
as
a
%
of
Net
Assets:
US
Government
and
Agency
Obligations
24
.8
%
US
Government
and
Agency
Mortgage
Backed
Obligations
22
.0
Non-Agency
Residential
Collateralized
Mortgage
Obligations
10
.1
Asset
Backed
Obligations
8
.0
Non-Agency
Commercial
Mortgage
Backed
Obligations
5
.9
Collateralized
Loan
Obligations
3
.9
Banking
3
.6
Short
Term
Investments
2
.5
Electric
1
.7
Technology
1
.5
Midstream
1
.2
Healthcare
1
.0
Transportation
Services
0
.8
Food
and
Beverage
0
.7
Independent
0
.7
Metals
and
Mining
0
.6
Pharmaceuticals
0
.6
Cable
Satellite
0
.5
Government
Owned,
No
Guarantee
0
.5
Finance
Companies
0
.5
Building
Materials
0
.5
Consumer
Cyclical
Services
0
.4
Wireless
0
.4
Chemicals
0
.4
Software
0
.4
Diversified
Manufacturing
0
.4
Retailers
0
.4
Leisure
0
.4
Hotels,
Restaurants
&
Leisure
0
.4
Aerospace
&
Defense
0
.4
Media
Entertainment
0
.3
Automotive
0
.3
Life
0
.3
Oil
Field
Services
0
.3
Wirelines
0
.3
Health
Insurance
0
.2
Other
REITs
0
.2
Railroads
0
.2
P&C
0
.2
Paper
0
.2
Airlines
0
.2
Other
Industrial
0
.2
Local
Authority
0
.2
Specialty
Retail
0
.1
Health
Care
Equipment
&
Supplies
0
.1
Health
Care
Providers
&
Services
0
.1
Commercial
Services
&
Supplies
0
.1
INVESTMENT
BREAKDOWN
as
a
%
of
Net
Assets:
(Cont.)
Refining
0
.1
%
Consumer
Products
0
.1
Office
REITs
0
.1
Apartment
REITs
0
.1
Gaming
0
.1
Integrated
0
.1
Tobacco
0
.1
Lodging
0
.1
Healthcare
REITs
0
.1
Other
Utility
0
.1
Packaging
0
.1
Media
0
.1
Insurance
0
.1
Containers
&
Packaging
0
.1
Diversified
Consumer
Services
0
.1
Government
Sponsored
0
.1
Financial
Services
0
.1
Passenger
Airlines
0
.1
Restaurants
0
.1
Capital
Markets
0
.1
IT
Services
0
.1
Professional
Services
0
.1
Retail
REITs
0
.1
Distributors
0
.1
Entertainment
0
.1
Automobile
Components
0
.1
Oil,
Gas
&
Consumable
Fuels
0.0
(h)
Consumer
Finance
0.0
(h)
Construction
&
Engineering
0.0
(h)
Environmental
0.0
(h)
Household
Products
0.0
(h)
Diversified
Telecommunication
Services
0.0
(h)
Building
Products
0.0
(h)
Other
Assets
and
Liabilities
(
1
.3
)
100
.0
%
|
December
31,
2023
15
(Unaudited)
December
31,
2023
(a)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration
to
qualified
institutional
buyers.
(b)
Step
bond;
coupon
rate
changes
based
on
a
predetermined
schedule
or
event.
The
interest
rate
shown
is
the
rate
in
effect
as
of
period
end.
(c)
Securities
referencing
LIBOR
are
expected
to
transition
to
an
alternative
reference
rate
by
the
security's
next
scheduled
coupon
reset
date.
(d)
Perpetual
maturity.
The
date
disclosed
is
the
next
call
date
of
the
security.
(e)
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.
(f)
Interest
only
security.
(g)
Seven-day
yield
as
of
period
end.
(h)
Represents
less
than
0.05%
of
net
assets.
Abbreviations:
FHLMC
Federal
Home
Loan
Mortgage
Corporation
FNMA
Federal
National
Mortgage
Association
GNMA
Government
National
Mortgage
Association
LIBOR
London
Interbank
Offered
Rate
SOFR
Secured
Overnight
Financing
Rate
UMBS
Uniform
Mortgage
Backed
Securities
Schedules
of
Investments
DoubleLine
Shiller
CAPE
®
U.S.
Equities
ETF
(Unaudited)
December
31,
2023
16
DoubleLine
ETF
Trust
SHARES
SECURITY
DESCRIPTION
VALUE
$
COMMON
STOCKS
99.6%
AUTOMOBILE
COMPONENTS
0.2%
6,518
Aptiv
plc
(a)
584,795
5,491
BorgWarner,
Inc.
196,852
781,647
AUTOMOBILES
5.1%
91,232
Ford
Motor
Co.
1,112,118
31,928
General
Motors
Co.
1,146,854
62,743
Tesla,
Inc.
(a)
15,590,380
17,849,352
BANKS
6.2%
114,999
Bank
of
America
Corp.
3,872,016
31,998
Citigroup,
Inc.
1,645,977
7,825
Citizens
Financial
Group,
Inc.
259,321
2,165
Comerica,
Inc.
120,829
11,446
Fifth
Third
Bancorp
394,773
24,187
Huntington
Bancshares,
Inc.
307,659
48,409
JPMorgan
Chase
&
Co.
8,234,371
15,703
KeyCorp
226,123
2,816
M&T
Bank
Corp.
386,017
6,680
PNC
Financial
Services
Group,
Inc.
(The)
1,034,398
15,501
Regions
Financial
Corp.
300,409
22,356
Truist
Financial
Corp.
825,384
26,058
US
Bancorp
1,127,790
60,696
Wells
Fargo
&
Co.
2,987,457
2,520
Zions
Bancorp
NA
110,552
21,833,076
BROADLINE
RETAIL
5.9%
130,954
Amazon.com,
Inc.
(a)
19,897,151
12,074
eBay,
Inc.
526,668
2,818
Etsy,
Inc.
(a)
228,399
20,652,218
CAPITAL
MARKETS
5.7%
1,701
Ameriprise
Financial,
Inc.
646,091
12,817
Bank
of
New
York
Mellon
Corp.
(The)
667,125
2,342
BlackRock,
Inc.
1,901,236
11,907
Blackstone,
Inc.
1,558,864
1,801
Cboe
Global
Markets,
Inc.
321,587
24,937
Charles
Schwab
Corp.
(The)
1,715,666
6,027
CME
Group,
Inc.
1,269,286
626
FactSet
Research
Systems,
Inc.
298,633
4,696
Franklin
Resources,
Inc.
139,894
5,507
Goldman
Sachs
Group,
Inc.
(The)
2,124,435
9,552
Intercontinental
Exchange,
Inc.
1,226,763
7,451
Invesco
Ltd.
132,926
621
MarketAxess
Holdings,
Inc.
181,860
2,625
Moody's
Corp.
1,025,220
21,141
Morgan
Stanley
1,971,398
1,324
MSCI,
Inc.
748,921
5,688
Nasdaq,
Inc.
330,700
3,500
Northern
Trust
Corp.
295,330
3,105
Raymond
James
Financial,
Inc.
346,207
5,451
S&P
Global,
Inc.
2,401,275
5,109
State
Street
Corp.
395,743
3,758
T
Rowe
Price
Group,
Inc.
404,699
20,103,859
CONSUMER
FINANCE
1.0%
9,617
American
Express
Co.
1,801,649
6,373
Capital
One
Financial
Corp.
835,628
4,130
Discover
Financial
Services
464,212
SHARES
SECURITY
DESCRIPTION
VALUE
$
6,891
Synchrony
Financial
263,167
3,364,656
DISTRIBUTORS
0.3%
3,241
Genuine
Parts
Co.
448,878
6,194
LKQ
Corp.
296,011
870
Pool
Corp.
346,878
1,091,767
DIVERSIFIED
REITS
0.3%
15,047
WP
Carey,
Inc.
975,196
DIVERSIFIED
TELECOMMUNICATION
SERVICES
2.1%
224,780
AT&T,
Inc.
3,771,808
99,471
Verizon
Communications,
Inc.
3,750,057
7,521,865
ENTERTAINMENT
5.4%
27,640
Electronic
Arts,
Inc.
3,781,428
16,627
Live
Nation
Entertainment,
Inc.
(a)
1,556,287
8,352
Netflix,
Inc.
(a)
4,066,422
18,574
Take-Two
Interactive
Software,
Inc.
(a)
2,989,485
40,878
Walt
Disney
Co.
(The)
(a)
3,690,875
260,867
Warner
Bros
Discovery,
Inc.
(a)
2,968,667
19,053,164
FINANCIAL
SERVICES
7.9%
30,437
Berkshire
Hathaway,
Inc.
-
Class
B
(a)
10,855,660
9,845
Fidelity
National
Information
Services,
Inc.
591,389
10,058
Fiserv,
Inc.
(a)
1,336,105
1,171
FleetCor
Technologies,
Inc.
(a)
330,936
4,372
Global
Payments,
Inc.
555,244
1,184
Jack
Henry
&
Associates,
Inc.
193,478
13,811
Mastercard,
Inc.
-
Class
A
5,890,530
17,987
PayPal
Holdings,
Inc.
(a)
1,104,582
26,675
Visa,
Inc.
-
Class
A
6,944,836
27,802,760
HEALTH
CARE
REITS
2.0%
26,228
Healthcare
Realty
Trust,
Inc.
-
Class
A
451,909
37,593
Healthpeak
Properties,
Inc.
744,341
41,307
Medical
Properties
Trust,
Inc.
202,817
16,858
Omega
Healthcare
Investors,
Inc.
516,866
16,409
Physicians
Realty
Trust
218,404
15,942
Sabra
Health
Care
REIT,
Inc.
227,492
27,721
Ventas,
Inc.
1,381,615
37,989
Welltower,
Inc.
3,425,468
7,168,912
HOTEL
&
RESORT
REITS
0.3%
48,308
Host
Hotels
&
Resorts,
Inc.
940,557
HOTELS,
RESTAURANTS
&
LEISURE
5.5%
10,105
Airbnb,
Inc.
-
Class
A
(a)
1,375,695
851
Booking
Holdings,
Inc.
(a)
3,018,684
4,984
Caesars
Entertainment,
Inc.
(a)
233,650
23,371
Carnival
Corp.
(a)
433,298
628
Chipotle
Mexican
Grill,
Inc.
(a)
1,436,211
2,836
Darden
Restaurants,
Inc.
465,955
854
Domino's
Pizza,
Inc.
352,044
3,127
Expedia
Group,
Inc.
(a)
474,647
5,951
Hilton
Worldwide
Holdings,
Inc.
1,083,618
8,595
Las
Vegas
Sands
Corp.
422,960
5,759
Marriott
International,
Inc.
-
Class
A
1,298,712
13,239
McDonald's
Corp.
3,925,496
6,355
MGM
Resorts
International
(a)
283,941
9,890
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
198,196
|
December
31,
2023
17
(Unaudited)
December
31,
2023
SHARES
SECURITY
DESCRIPTION
VALUE
$
5,427
Royal
Caribbean
Cruises
Ltd.
(a)
702,742
26,484
Starbucks
Corp.
2,542,729
2,204
Wynn
Resorts
Ltd.
200,806
6,484
Yum!
Brands,
Inc.
847,200
19,296,584
HOUSEHOLD
DURABLES
1.1%
7,027
DR
Horton,
Inc.
1,067,963
3,530
Garmin
Ltd.
453,746
5,778
Lennar
Corp.
-
Class
A
861,153
1,207
Mohawk
Industries,
Inc.
(a)
124,925
95
NVR,
Inc.
(a)
665,043
5,023
PulteGroup,
Inc.
518,474
1,254
Whirlpool
Corp.
152,700
3,844,004
INDUSTRIAL
REITS
3.3%
18,394
Americold
Realty
Trust,
Inc.
556,786
3,152
EastGroup
Properties,
Inc.
578,518
9,075
First
Industrial
Realty
Trust,
Inc.
477,980
20,107
LXP
Industrial
Trust
199,461
62,834
Prologis,
Inc.
8,375,772
14,525
Rexford
Industrial
Realty,
Inc.
814,853
12,471
STAG
Industrial,
Inc.
489,612
11,492,982
INSURANCE
3.9%
8,886
Aflac,
Inc.
733,095
4,401
Allstate
Corp.
(The)
616,052
11,781
American
International
Group,
Inc.
798,163
3,356
Aon
plc
-
Class
A
976,663
6,242
Arch
Capital
Group
Ltd.
(a)
463,593
3,595
Arthur
J
Gallagher
&
Co.
808,444
845
Assurant,
Inc.
142,374
3,945
Brown
&
Brown,
Inc.
280,529
6,782
Chubb
Ltd.
1,532,732
2,622
Cincinnati
Financial
Corp.
271,272
745
Everest
Group
Ltd.
263,417
1,466
Globe
Life,
Inc.
178,441
5,059
Hartford
Financial
Services
Group,
Inc.
(The)
406,642
3,089
Loews
Corp.
214,963
8,246
Marsh
&
McLennan
Cos.,
Inc.
1,562,370
10,416
MetLife,
Inc.
688,810
3,680
Principal
Financial
Group,
Inc.
289,506
9,763
Progressive
Corp.
(The)
1,555,051
6,061
Prudential
Financial,
Inc.
628,586
3,773
Travelers
Cos.,
Inc.
(The)
718,719
3,443
W
R
Berkley
Corp.
243,489
1,748
Willis
Towers
Watson
plc
421,618
13,794,529
INTERACTIVE
MEDIA
&
SERVICES
11.9%
77,522
Alphabet,
Inc.
-
Class
A
(a)
10,829,048
65,264
Alphabet,
Inc.
-
Class
C
(a)
9,197,656
31,653
Match
Group,
Inc.
(a)
1,155,334
58,337
Meta
Platforms,
Inc.
-
Class
A
(a)
20,648,965
41,831,003
LEISURE
PRODUCTS
0.1%
3,020
Hasbro,
Inc.
154,201
MEDIA
4.3%
10,356
Charter
Communications,
Inc.
-
Class
A
(a)
4,025,170
90,237
Comcast
Corp.
-
Class
A
3,956,892
28,985
Fox
Corp.
-
Class
A
859,985
15,464
Fox
Corp.
-
Class
B
427,580
45,103
Interpublic
Group
of
Cos.,
Inc.
(The)
1,472,162
SHARES
SECURITY
DESCRIPTION
VALUE
$
44,740
News
Corp.
-
Class
A
1,098,367
13,473
News
Corp.
-
Class
B
346,525
23,313
Omnicom
Group,
Inc.
2,016,808
56,868
Paramount
Global
-
Class
B
841,078
15,044,567
MORTGAGE
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
0.6%
46,161
AGNC
Investment
Corp.
452,839
34,461
Annaly
Capital
Management,
Inc.
667,510
11,853
Blackstone
Mortgage
Trust,
Inc.
-
Class
A
252,113
33,254
Rithm
Capital
Corp.
355,153
20,472
Starwood
Property
Trust,
Inc.
430,321
2,157,936
OFFICE
REITS
1.0%
10,779
Alexandria
Real
Estate
Equities,
Inc.
1,366,454
9,940
Boston
Properties,
Inc.
697,490
7,793
COPT
Defense
Properties
199,735
10,392
Cousins
Properties,
Inc.
253,045
11,477
Douglas
Emmett,
Inc.
166,416
6,027
JBG
SMITH
Properties
102,519
7,375
Kilroy
Realty
Corp.
293,820
1,012
NET
Lease
Office
Properties
18,702
10,995
Vornado
Realty
Trust
310,609
3,408,790
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
1.8%
21,067
CBRE
Group,
Inc.
-
Class
A
(a)
1,961,127
28,079
CoStar
Group,
Inc.
(a)
2,453,824
2,216
Howard
Hughes
Holdings,
Inc.
(a)
189,579
3,277
Jones
Lang
LaSalle,
Inc.
(a)
618,927
39,208
Opendoor
Technologies,
Inc.
(a)
175,652
3,544
Zillow
Group,
Inc.
-
Class
A
(a)
201,015
11,013
Zillow
Group,
Inc.
-
Class
C
(a)
637,212
6,237,336
RESIDENTIAL
REITS
3.3%
21,934
American
Homes
4
Rent
-
Class
A
788,747
10,053
Apartment
Income
REIT
Corp.
-
Class
A
349,141
9,725
AvalonBay
Communities,
Inc.
1,820,714
7,351
Camden
Property
Trust
729,881
12,849
Equity
LifeStyle
Properties,
Inc.
906,368
23,761
Equity
Residential
1,453,223
4,442
Essex
Property
Trust,
Inc.
1,101,349
39,587
Invitation
Homes,
Inc.
1,350,313
8,055
Mid-America
Apartment
Communities,
Inc.
1,083,075
8,558
Sun
Communities,
Inc.
1,143,777
20,860
UDR,
Inc.
798,729
11,525,317
RETAIL
REITS
2.9%
6,899
Agree
Realty
Corp.
434,292
20,707
Brixmor
Property
Group,
Inc.
481,852
5,075
Federal
Realty
Investment
Trust
522,979
42,524
Kimco
Realty
Corp.
906,187
12,493
NNN
REIT,
Inc.
538,448
49,791
Realty
Income
Corp.
2,858,999
11,305
Regency
Centers
Corp.
757,435
22,396
Simon
Property
Group,
Inc.
3,194,565
9,744
Spirit
Realty
Capital,
Inc.
425,715
10,120,472
SPECIALIZED
REITS
9.6%
31,716
American
Tower
Corp.
6,846,850
29,990
Crown
Castle,
Inc.
3,454,548
15,442
CubeSmart
715,737
20,834
Digital
Realty
Trust,
Inc.
2,803,840
18
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Shiller
CAPE
®
U.S.
Equities
ETF
(Cont.)
SHARES
SECURITY
DESCRIPTION
VALUE
$
5,465
Equinix,
Inc.
4,401,456
14,496
Extra
Space
Storage,
Inc.
2,324,144
18,338
Gaming
and
Leisure
Properties,
Inc.
904,980
20,021
Iron
Mountain,
Inc.
1,401,070
6,055
Lamar
Advertising
Co.
-
Class
A
643,526
5,330
National
Storage
Affiliates
Trust
221,035
5,416
PotlatchDeltic
Corp.
265,926
10,867
Public
Storage
3,314,435
9,432
Rayonier,
Inc.
315,123
7,493
SBA
Communications
Corp.
1,900,899
71,147
VICI
Properties,
Inc.
-
Class
A
2,268,166
50,203
Weyerhaeuser
Co.
1,745,558
33,527,293
SPECIALTY
RETAIL
5.4%
432
AutoZone,
Inc.
(a)
1,116,984
5,284
Bath
&
Body
Works,
Inc.
228,057
4,446
Best
Buy
Co.,
Inc.
348,033
3,658
CarMax,
Inc.
(a)
280,715
22,645
Home
Depot,
Inc.
(The)
7,847,625
13,379
Lowe's
Cos.,
Inc.
2,977,496
1,388
O'Reilly
Automotive,
Inc.
(a)
1,318,711
7,851
Ross
Stores,
Inc.
1,086,500
26,597
TJX
Cos.,
Inc.
(The)
2,495,065
2,474
Tractor
Supply
Co.
531,984
SHARES
SECURITY
DESCRIPTION
VALUE
$
1,183
Ulta
Beauty,
Inc.
(a)
579,658
18,810,828
TEXTILES,
APPAREL
&
LUXURY
GOODS
1.4%
2,682
Lululemon
Athletica,
Inc.
(a)
1,371,280
28,484
NIKE,
Inc.
-
Class
B
3,092,508
904
Ralph
Lauren
Corp.
130,357
5,319
Tapestry,
Inc.
195,792
7,754
VF
Corp.
145,775
4,935,712
WIRELESS
TELECOMMUNICATION
SERVICES
1.1%
24,305
T-Mobile
US,
Inc.
3,896,821
Total
Common
Stocks
(Cost
$331,785,297)
349,217,404
SHORT
TERM
INVESTMENTS
0.0%
(b)
59,243
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.30%
(c)
59,243
59,243
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.27%
(c)
59,243
Total
Short
Term
Investments
(Cost
$118,486)
118,486
Total
Investments
99.6%
(Cost
$331,903,783)
349,335,890
Other
Assets
in
Excess
of
Liabilities
0.4%
1,514,686
NET
ASSETS
100.0%
$350,850,576
(a)
Non-income
producing
security.
(b)
Represents
less
than
0.05%
of
net
assets.
(c)
Seven-day
yield
as
of
period
end.
Schedules
of
Investments
DoubleLine
Commercial
Real
Estate
ETF
(Unaudited)
December
31,
2023
|
December
31,
2023
19
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
ASSET
BACKED
OBLIGATIONS
6.3%
AREIT
Trust
,
465,085
Series
2021-CRE5-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.55%
(a)
11/17/2038
457,961
BDS
,
1,159,353
Series
2021-FL8-A
(CME
Term
SOFR
1
Month
+
1.03%,
0.92%
Floor)
6.39%
(a)
01/18/2036
1,149,375
BXMT
Ltd.
,
745,608
Series
2020-FL2-A
(CME
Term
SOFR
1
Month
+
1.01%,
1.01%
Floor)
6.38%
(a)
02/15/2038
711,891
CLNC
Ltd.
,
550
Series
2019-FL1-A
(CME
Term
SOFR
1
Month
+
1.36%,
1.25%
Floor)
6.72%
(a)
08/20/2035
550
GPMT
Ltd.
,
327,598
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.36%,
1.36%
Floor)
6.72%
(a)
07/16/2035
320,532
HERA
Commercial
Mortgage
Ltd.
,
519,642
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.16%,
1.05%
Floor)
6.52%
(a)
02/18/2038
508,002
PFP
Ltd.
,
339,730
Series
2021-8-A
(CME
Term
SOFR
1
Month
+
1.11%,
1.00%
Floor)
6.48%
(a)
08/09/2037
335,242
500,000
Series
2023-10-A
(CME
Term
SOFR
1
Month
+
2.36%,
2.37%
Floor)
7.72%
(a)
09/16/2038
501,066
Ready
Capital
Mortgage
Financing
LLC
,
268,118
Series
2021-FL5-A
(CME
Term
SOFR
1
Month
+
1.11%,
1.00%
Floor)
6.47%
(a)
04/25/2038
266,493
587,943
Series
2021-FL7-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.67%
(a)
11/25/2036
581,347
STWD
Ltd.
,
725,729
Series
2019-FL1-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.19%
Floor)
6.56%
(a)
07/15/2038
710,950
1,000,000
Series
2019-FL1-AS
(CME
Term
SOFR
1
Month
+
1.51%,
1.51%
Floor)
6.88%
(a)
07/15/2038
960,309
Total
Asset
Backed
Obligations
(Cost
$6,469,745)
6,503,718
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
COLLATERALIZED
LOAN
OBLIGATIONS
15.3%
Arbor
Realty
Commercial
Real
Estate
Notes
Ltd.
,
1,120,000
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.21%,
1.10%
Floor)
6.58%
(a)
05/15/2036
1,111,757
230,000
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.18%,
1.18%
Floor)
6.55%
(a)
08/15/2034
226,560
BRSP
Ltd.
,
840,164
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.26%,
1.15%
Floor)
6.62%
(a)
08/19/2038
818,350
BSPDF
Issuer
Ltd.
,
643,074
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.31%,
1.20%
Floor)
6.68%
(a)
10/15/2036
633,451
BSPRT
Issuer
Ltd.
,
1,164,837
Series
2021-FL6-A
(CME
Term
SOFR
1
Month
+
1.21%,
1.10%
Floor)
6.58%
(a)
03/15/2036
1,146,289
CHCP
Ltd.
,
231,807
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.16%,
1.05%
Floor)
6.52%
(a)
02/15/2038
229,458
FS
Rialto
,
483,235
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.33%,
1.33%
Floor)
6.69%
(a)
05/16/2038
476,706
1,250,000
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.36%,
1.36%
Floor)
6.72%
(a)
11/16/2036
1,232,875
FS
Rialto
Issuer
LLC
,
850,000
Series
2022-FL4-A
(SOFR
30
Day
Average
+
1.90%,
1.90%
Floor)
7.24%
(a)
01/19/2039
844,532
GPMT
Ltd.
,
1,000,000
Series
2021-FL4-A
(CME
Term
SOFR
1
Month
+
1.46%,
1.35%
Floor)
6.82%
(a)
12/15/2036
955,867
HGI
CRE
CLO
Ltd.
,
846,420
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.11%,
1.11%
Floor)
6.47%
(a)
09/17/2036
828,478
KREF
Ltd.
,
540,000
Series
2021-FL2-A
(CME
Term
SOFR
1
Month
+
1.18%,
1.07%
Floor)
6.55%
(a)
02/15/2039
527,341
LCCM
Trust
,
859,000
Series
2021-FL3-A
(CME
Term
SOFR
1
Month
+
1.56%,
1.56%
Floor)
6.93%
(a)
11/15/2038
849,412
20
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Commercial
Real
Estate
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
LFT
CRE
Ltd.
,
1,250,000
Series
2021-FL1-A
(CME
Term
SOFR
1
Month
+
1.28%,
1.28%
Floor)
6.65%
(a)
06/15/2039
1,230,260
LoanCore
Issuer
Ltd.
,
676,960
Series
2021-CRE5-A
(CME
Term
SOFR
1
Month
+
1.41%,
1.41%
Floor)
6.78%
(a)
07/15/2036
666,921
1,000,000
Series
2021-CRE6-A
(CME
Term
SOFR
1
Month
+
1.41%,
1.30%
Floor)
6.78%
(a)
11/15/2038
981,409
MF1
Ltd.
,
1,206,161
Series
2021-FL6-A
(CME
Term
SOFR
1
Month
+
1.21%,
1.10%
Floor)
6.57%
(a)
07/16/2036
1,188,646
1,239,406
Series
2021-FL7-A
(CME
Term
SOFR
1
Month
+
1.19%,
1.08%
Floor)
6.55%
(a)
10/16/2036
1,223,590
TRTX
Issuer
Ltd.
,
750,000
Series
2022-FL5-A
(SOFR
30
Day
Average
+
1.65%,
1.65%
Floor)
6.99%
(a)
02/15/2039
730,427
Total
Collateralized
Loan
Obligations
(Cost
$15,798,754)
15,902,329
NON-AGENCY
COMMERCIAL
MORTGAGE
BACKED
OBLIGATIONS
52.5%
BAMLL
Commercial
Mortgage
Securities
Trust
,
650,000
Series
2018-DSNY-A
(CME
Term
SOFR
1
Month
+
1.15%,
1.10%
Floor)
6.51%
(a)
09/15/2034
646,896
500,000
Series
2019-RLJ-B
(CME
Term
SOFR
1
Month
+
1.40%,
1.35%
Floor)
6.76%
(a)
04/15/2036
496,874
BANK
,
389,870
Series
2019-BN22-A1
2.08%
11/15/2062
383,398
609,927
Series
2021-BN33-A1
0.61%
05/15/2064
573,639
650,000
Series
2021-BN36-A2
2.13%
09/15/2064
582,252
757,148
Series
2022-BNK39-A1
1.74%
02/15/2055
714,323
143,808
Series
2023-BNK45-A1
5.43%
02/15/2056
144,166
BANK5
,
102,255
Series
2023-5YR2-A1
6.20%
07/15/2056
103,905
22,298,899
Series
2023-5YR3-XA
0.79%
(b)(c)
09/15/2056
717,326
BBCMS
Mortgage
Trust
,
130,257
Series
2017-C1-ASB
3.49%
02/15/2050
126,782
360,435
Series
2023-C19-A1
5.70%
04/15/2056
360,537
989,390
Series
2023-C22-A1
6.36%
11/15/2056
1,021,476
Benchmark
Mortgage
Trust
,
12,948,944
Series
2019-B14-XA
0.77%
(b)(c)
12/15/2062
344,735
600,000
Series
2020-B19-A2
1.69%
09/15/2053
549,767
164,226
Series
2020-B21-A1
0.54%
12/17/2053
158,220
401,812
Series
2021-B28-A1
0.60%
08/15/2054
375,667
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
1,500,000
Series
2023-B40-A1
5.94%
12/15/2056
1,518,150
427,433
Series
2023-V2-A1
5.85%
05/15/2055
427,667
14,088,951
Series
2023-V2-XA
0.99%
(b)(c)
05/15/2055
519,052
BHP
Trust
,
899,230
Series
2019-BXHP-A
(CME
Term
SOFR
1
Month
+
1.02%,
0.98%
Floor)
6.38%
(a)
08/15/2036
894,886
BMARK
,
729,771
Series
2023-V4-A1
6.45%
11/15/2056
740,984
BMO
Mortgage
Trust
,
582,447
Series
2022-C1-A1
2.20%
02/15/2055
554,002
150,702
Series
2022-C3-A1
5.25%
(b)
09/15/2054
149,922
589,129
Series
2023-5C2-A1
6.80%
11/15/2056
601,640
1,682,000
Series
2023-C7-A1
5.90%
12/15/2056
1,690,439
BPR
Trust
,
1,000,000
Series
2021-KEN-A
(CME
Term
SOFR
1
Month
+
1.36%,
1.25%
Floor)
6.73%
(a)
02/15/2029
998,468
BX
Commercial
Mortgage
Trust
,
870,000
Series
2019-IMC-A
(CME
Term
SOFR
1
Month
+
1.05%,
1.00%
Floor)
6.41%
(a)
04/15/2034
864,515
671,978
Series
2019-XL-A
(CME
Term
SOFR
1
Month
+
1.03%,
0.92%
Floor)
6.40%
(a)
10/15/2036
670,444
500,924
Series
2020-VKNG-A
(CME
Term
SOFR
1
Month
+
1.04%,
0.93%
Floor)
6.41%
(a)
10/15/2037
497,307
600,000
Series
2021-ACNT-A
(CME
Term
SOFR
1
Month
+
0.96%,
0.85%
Floor)
6.33%
(a)
11/15/2038
592,119
1,250,000
Series
2021-CIP-A
(CME
Term
SOFR
1
Month
+
1.04%,
0.92%
Floor)
6.40%
(a)
12/15/2038
1,225,218
977,413
Series
2021-XL2-A
(CME
Term
SOFR
1
Month
+
0.80%,
0.69%
Floor)
6.16%
(a)
10/15/2038
959,968
Citigroup
Commercial
Mortgage
Trust
,
500,000
Series
2014-GC21-A5
3.86%
05/10/2047
497,405
750,000
Series
2015-GC27-A5
3.14%
02/10/2048
731,981
999,938
Series
2015-P1-A4
3.46%
09/15/2048
970,225
500,000
Series
2015-P1-A5
3.72%
09/15/2048
483,459
890,901
Series
2017-P7-A3
3.44%
04/14/2050
844,384
108,776
Series
2020-GC46-A1
1.85%
02/15/2053
107,008
Cold
Storage
Trust
,
1,228,738
Series
2020-ICE5-A
(CME
Term
SOFR
1
Month
+
1.01%,
0.90%
Floor)
6.37%
(a)
11/15/2037
1,223,629
Commercial
Mortgage
Trust
,
504,382
Series
2014-CR17-A4
3.70%
05/10/2047
501,309
520,000
Series
2014-CR18-AM
4.10%
07/15/2047
510,622
|
December
31,
2023
21
(Unaudited)
December
31,
2023
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
393,050
Series
2014-LC15-A4
4.01%
04/10/2047
392,265
355,000
Series
2014-UBS5-A4
3.84%
09/10/2047
348,210
1,250,000
Series
2015-CR25-A4
3.76%
08/10/2048
1,209,563
390,000
Series
2015-DC1-A5
3.35%
02/10/2048
378,167
320,000
Series
2015-LC21-A4
3.71%
07/10/2048
310,529
600,000
Series
2015-PC1-A5
3.90%
07/10/2050
583,466
1,000,000
Series
2016-COR1-A4
3.09%
10/10/2049
926,648
Credit
Suisse
Mortgage
Capital
Certificates
,
1,246,898
Series
2019-ICE4-B
(CME
Term
SOFR
1
Month
+
1.28%,
1.23%
Floor)
6.64%
(a)
05/15/2036
1,243,889
CSAIL
Commercial
Mortgage
Trust
,
1,031,473
Series
2015-C3-A3
3.45%
08/15/2048
1,007,611
106,099
Series
2020-C19-A1
1.30%
03/15/2053
102,491
Great
Wolf
Trust
,
1,250,000
Series
2019-WOLF-A
(CME
Term
SOFR
1
Month
+
1.15%,
1.03%
Floor)
6.71%
(a)
12/15/2036
1,245,788
GS
Mortgage
Securities
Trust
,
342,678
Series
2014-GC24-A4
3.67%
09/10/2047
337,429
200,000
Series
2015-GC28-B
3.98%
02/10/2048
189,245
1,000,000
Series
2015-GC34-A4
3.51%
10/10/2048
951,858
285,951
Series
2015-GC34-AAB
3.28%
10/10/2048
279,381
171,770
Series
2020-GC45-A1
2.02%
02/13/2053
169,459
Hilton
Orlando
Trust
,
750,000
Series
2018-ORL-B
(CME
Term
SOFR
1
Month
+
1.35%,
1.05%
Floor)
6.71%
(a)
12/15/2034
743,734
IMT
Trust
,
500,000
Series
2017-APTS-AFX
3.48%
(a)
06/15/2034
491,913
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
,
618,086
Series
2016-JP3-A4
2.63%
08/15/2049
581,799
JPMBB
Commercial
Mortgage
Securities
Trust
,
321,140
Series
2014-C18-A5
4.08%
02/15/2047
319,330
1,004,000
Series
2014-C21-A5
3.77%
08/15/2047
991,048
636,457
Series
2015-C30-A4
3.55%
07/15/2048
612,427
500,634
Series
2015-C31-A3
3.80%
08/15/2048
481,219
680,000
Series
2015-C32-A5
3.60%
11/15/2048
647,529
JPMCC
Commercial
Mortgage
Securities
Trust
,
380,671
Series
2017-JP5-A4
3.46%
03/15/2050
368,021
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
,
989,332
Series
2014-C17-A5
3.74%
08/15/2047
976,316
177,443
Series
2014-C18-A4
3.92%
10/15/2047
174,045
1,130,265
Series
2014-C19-A3
3.25%
12/15/2047
1,110,323
Morgan
Stanley
Capital
I
Trust
,
1,000,000
Series
2016-UBS9-A4
3.59%
03/15/2049
953,270
MSWF
Commercial
Mortgage
Trust
,
1,500,000
Series
2023-2-A1
5.96%
12/15/2056
1,508,156
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
Wells
Fargo
Commercial
Mortgage
Trust
,
750,000
Series
2014-LC16-A5
3.82%
08/15/2050
739,862
125,953
Series
2015-C27-A4
3.19%
02/15/2048
122,723
1,000,000
Series
2015-C27-A5
3.45%
02/15/2048
967,160
1,250,000
Series
2015-C30-A4
3.66%
09/15/2058
1,210,619
600,000
Series
2015-LC20-A3
3.09%
04/15/2050
586,128
1,000,000
Series
2015-LC22-A4
3.84%
09/15/2058
969,865
328,000
Series
2015-NXS3-AS
3.97%
(b)
09/15/2057
313,291
1,000,000
Series
2015-P2-A4
3.81%
12/15/2048
965,424
745,461
Series
2016-BNK1-A2
2.40%
08/15/2049
695,805
1,250,000
Series
2016-C34-A4
3.10%
06/15/2049
1,175,785
WFRBS
Commercial
Mortgage
Trust
,
170,349
Series
2013-C14-AS
3.49%
06/15/2046
156,325
500,000
Series
2014-C22-A5
3.75%
09/15/2057
488,359
392,736
Series
2014-C23-A4
3.65%
10/15/2057
387,724
Total
Non-Agency
Commercial
Mortgage
Backed
Obligations
(Cost
$53,971,368)
54,488,965
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
3.2%
AREIT
Trust
,
867,253
Series
2022-CRE6-A
(SOFR
30
Day
Average
+
1.25%,
1.25%
Floor)
6.59%
(a)
01/20/2037
851,591
BXMT
Ltd.
,
746,376
Series
2020-FL3-A
(CME
Term
SOFR
1
Month
+
1.51%,
1.51%
Floor)
6.88%
(a)
11/15/2037
720,673
HIG
RCP
LLC
,
1,000,000
Series
2023-FL1-A
(CME
Term
SOFR
1
Month
+
2.27%,
2.27%
Floor)
7.63%
(a)
09/19/2038
999,326
LoanCore
Issuer
Ltd.
,
747,723
Series
2019-CRE2-B
(CME
Term
SOFR
1
Month
+
1.81%,
1.70%
Floor)
7.18%
(a)
05/15/2036
739,334
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$3,305,072)
3,310,924
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
17.5%
FHLMC
,
1,150,000
Pool
WN2424
5.10%
06/01/2028
1,165,737
FHLMC
Multifamily
Structured
Pass-Through
Certificates
,
350,000
Series
K068-A2
3.24%
08/25/2027
336,681
1,153,273
Series
K083-A1
3.94%
07/25/2028
1,138,738
1,720,000
Series
K509-A2
4.85%
09/25/2028
1,751,015
2,025,000
Series
K736-A2
2.28%
07/25/2026
1,925,463
2,297,316
Series
K751-A1
4.37%
03/25/2030
2,287,163
FNMA
,
1,810,000
Pool
AN1461
2.59%
05/01/2026
1,728,917
462,223
Pool
AN5468
3.22%
05/01/2027
444,840
442,154
Pool
AN7502
3.15%
11/01/2027
422,383
1,100,000
Pool
BL0240
3.54%
11/01/2025
1,075,009
690,000
Pool
BL0245
3.43%
11/01/2025
672,972
1,100,000
Pool
BS8040
5.14%
03/01/2028
1,118,398
22
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Commercial
Real
Estate
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
FNMA
ACES
,
4,285,073
Series
2022-M13-A1
2.59%
(b)
04/25/2032
4,032,288
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$17,818,081)
18,099,604
SHORT
TERM
INVESTMENTS
4.9%
2,533,264
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.30%
(d)
2,533,264
2,533,264
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.27%
(d)
2,533,264
Total
Short
Term
Investments
(Cost
$5,066,528)
5,066,528
Total
Investments
99.7%
(Cost
$102,429,548)
103,372,068
Other
Assets
in
Excess
of
Liabilities
0.3%
330,691
NET
ASSETS
100.0%
$103,702,759
(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
Schedules
of
Investments
DoubleLine
Mortgage
ETF
(Unaudited)
December
31,
2023
|
December
31,
2023
23
P
RINCIPAL
A
MOUNT
$/S
HARES
S
ECURITY
D
ESCRIPTION
R
ATE
M
ATURITY
V
ALUE
$
ASSET
BACKED
OBLIGATIONS
1.3%
AMSR
Trust
,
2,000,000
Series
2021-SFR1-A
1.95%
(a)
06/17/2038
1,732,573
1,000,000
Series
2023-SFR1-A
4.00%
(a)
04/17/2040
944,248
Total
Asset
Backed
Obligations
(Cost
$2,646,901)
2,676,821
NON-AGENCY
RESIDENTIAL
COLLATERALIZED
MORTGAGE
OBLIGATIONS
12.5%
Chase
Home
Lending
Mortgage
Trust
,
1,240,624
Series
2023-RPL1-A1
3.50%
(a)(b)
06/25/2062
1,124,894
CIM
Trust
,
923,096
Series
2023-R4-A1
5.00%
(a)(b)
05/25/2062
915,501
Connecticut
Avenue
Securities
Trust
,
944,709
Series
2023-R07-
2M1
(SOFR
30
Day
Average
+
1.95%)
7.29%
(a)
09/25/2043
953,891
CSMC
Trust
,
970,007
Series
2018-RPL9-A
3.85%
(a)(b)
09/25/2057
923,074
1,065,302
Series
2021-RPL3-A1
2.00%
(a)(b)
01/25/2060
916,046
1,070,755
Series
2022-RPL4-A1
3.90%
(a)(b)
04/25/2062
1,008,218
Deephaven
Residential
Mortgage
Trust
,
892,504
Series
2022-2-A1
4.30%
(a)(b)
03/25/2067
851,384
FHLMC
STACR
REMIC
Trust
,
713,354
Series
2021-HQA3-M1
(SOFR
30
Day
Average
+
0.85%)
6.19%
(a)
09/25/2041
706,459
1,000,000
Series
2022-DNA3-
M1B
(SOFR
30
Day
Average
+
2.90%)
8.24%
(a)
04/25/2042
1,028,785
FHLMC
Structured
Agency
Credit
Risk
Debt
Notes
,
1,736,131
Series
2023-HQA2-
M1A
(SOFR
30
Day
Average
+
2.00%)
7.34%
(a)
06/25/2043
1,751,909
Mill
City
Mortgage
Loan
Trust
,
1,301,581
Series
2018-3-A1
3.50%
(a)(b)
08/25/2058
1,262,649
OBX
Trust
,
1,500,000
Series
2023-NQM10-A1
6.46%
(a)(c)
10/25/2063
1,519,604
902,877
Series
2023-NQM3-A1
5.95%
(a)(c)
02/25/2063
903,850
1,855,152
Series
2023-NQM5-A1A
6.57%
(a)(c)
06/25/2063
1,874,887
Towd
Point
Mortgage
Trust
,
2,244,252
Series
2020-2-A1A
1.64%
(a)(b)
04/25/2060
1,995,292
2,023,720
Series
2022-1-A1
3.75%
(a)(b)
07/25/2062
1,898,170
Verus
Securitization
Trust
,
1,823,653
Series
2023-5-A1
6.48%
(a)(c)
06/25/2068
1,842,537
982,336
Series
2023-7-A1
7.07%
(a)(c)
10/25/2068
1,001,953
2,000,000
Series
2023-8-A1
6.26%
(a)(c)
12/25/2068
2,016,175
995,700
Series
2023-INV3-A1
6.88%
(a)(b)
11/25/2068
1,015,392
Total
Non-Agency
Residential
Collateralized
Mortgage
Obligations
(Cost
$25,219,128)
25,510,670
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
US
GOVERNMENT
AND
AGENCY
MORTGAGE
BACKED
OBLIGATIONS
82.7%
FHLMC
REMICS
,
2,199,826
Series
4631-GF
(SOFR
30
Day
Average
+
0.61%,
0.50%
Floor,
6.50%
Cap)
5.95%
11/15/2046
2,147,800
969,389
Series
4948-E
2.50%
10/25/2048
861,438
1,411,610
Series
5008-DI
3.00%
(d)
09/25/2050
196,398
3,400,427
Series
5077-ME
2.00%
08/15/2048
2,832,278
3,133,985
Series
5092-FK
(SOFR
30
Day
Average
+
0.70%,
0.70%
Floor,
4.00%
Cap)
4.00%
03/25/2051
2,329,369
3,122,789
Series
5189-BJ
2.50%
05/25/2048
2,747,947
1,880,877
Series
5202-AK
3.00%
10/25/2049
1,723,943
FHLMC
UMBS
,
4,811,710
Pool
RA3722
2.50%
10/01/2050
4,156,492
3,213,928
Pool
RA9431
5.50%
07/01/2053
3,251,502
4,316,920
Pool
RB5166
3.00%
07/01/2042
3,940,228
2,534,571
Pool
SD2912
5.00%
05/01/2053
2,521,448
4,891,087
Pool
SD2969
2.50%
05/01/2052
4,225,176
2,144,640
Pool
SD3139
3.50%
07/01/2052
1,968,497
4,241,799
Pool
SD3354
5.00%
06/01/2053
4,197,443
2,933,979
Pool
SD3592
5.50%
08/01/2053
2,958,057
2,932,109
Pool
SD3745
6.00%
09/01/2053
2,996,392
4,978,596
Pool
SD4270
2.00%
02/01/2052
4,143,542
4,974,810
Pool
SD4296
2.00%
02/01/2052
4,110,225
6,025,212
Pool
SD4400
2.00%
02/01/2051
5,018,011
3,069,146
Pool
SD8288
5.00%
01/01/2053
3,038,667
FNMA
REMICS
,
2,500,000
Series
2016-88-B
3.00%
12/25/2056
2,149,730
3,721,517
Series
2017-89-KZ
3.50%
08/25/2047
3,151,699
1,389,301
Series
2017-99-PY
4.00%
12/25/2047
1,292,608
5,545,000
Series
2020-57-LJ
2.00%
08/25/2050
4,019,031
2,253,253
Series
2021-10-CA
2.00%
03/25/2051
1,894,572
3,802,291
Series
2021-3-NI
2.50%
(d)
02/25/2051
557,076
2,227,229
Series
2021-88-LA
2.50%
03/25/2050
1,921,561
FNMA
UMBS
,
7,752,842
Pool
CA6032
2.50%
06/01/2050
6,710,071
3,307,688
Pool
CB6266
6.00%
05/01/2053
3,376,776
4,828,533
Pool
FM4752
2.50%
11/01/2050
4,178,548
2,241,052
Pool
FM8533
2.50%
03/01/2051
1,943,013
6,474,496
Pool
FS0984
3.00%
04/01/2052
5,800,981
4,113,577
Pool
FS2040
2.00%
02/01/2052
3,368,996
5,109,133
Pool
FS2141
3.50%
06/01/2052
4,689,984
5,799,800
Pool
FS4764
2.50%
02/01/2052
4,995,171
5,784,264
Pool
FS5600
2.50%
06/01/2052
4,995,820
2,923,109
Pool
FS5704
2.00%
04/01/2052
2,397,885
5,790,357
Pool
FS6476
2.50%
11/01/2051
4,994,590
4,973,792
Pool
FS6480
2.50%
11/01/2051
4,306,690
7,000,000
Pool
FS6517
2.50%
04/01/2052
6,039,905
3,920,721
Pool
MA3357
4.00%
05/01/2048
3,776,877
4,898,866
Pool
MA4492
2.00%
12/01/2051
4,012,148
1,452,619
Pool
MA4512
2.50%
01/01/2052
1,236,278
3,921,346
Pool
MA4733
4.50%
09/01/2052
3,803,894
481,571
Pool
MA5038
5.00%
06/01/2053
476,610
2,860,761
Pool
MA5039
5.50%
06/01/2053
2,873,444
FNMA/FHLMC
UMBS,
30
Year,
Single
Family
,
6,360,000
Pool
2.50%
(e)
01/25/2054
5,411,466
2,072,000
Pool
4.00%
(e)
01/25/2054
1,959,901
GNMA
,
2,984,213
Pool
786540
3.50%
02/20/2050
2,827,051
3,089,745
Pool
MA5076
3.00%
03/20/2048
2,829,822
24
DoubleLine
ETF
Trust
Schedules
of
Investments
DoubleLine
Mortgage
ETF
(Cont.)
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
1,026,926
Series
2016-116-DF
(CME
Term
SOFR
1
Month
+
0.51%,
0.40%
Floor,
6.50%
Cap)
5.87%
09/20/2046
999,250
2,590,201
Series
2016-99-TL
2.00%
04/16/2044
2,081,057
1,737,253
Series
2018-22-GZ
3.00%
02/20/2048
1,538,786
1,455,680
Series
2019-31-GF
(CME
Term
SOFR
1
Month
+
0.56%,
0.45%
Floor,
6.50%
Cap)
5.92%
03/20/2049
1,423,848
3,651,814
Series
2020-153-CI
2.50%
(d)
10/20/2050
492,798
3,109,369
Series
2020-17-IG
3.00%
(d)
02/20/2050
495,083
4,067,138
Series
2020-183-JI
2.50%
(d)
11/20/2050
549,813
2,224,757
Series
2021-142-
3.00%
(d)
08/20/2051
358,868
Total
US
Government
and
Agency
Mortgage
Backed
Obligations
(Cost
$164,629,383)
169,296,554
PRINCIPAL
AMOUNT
$/SHARES
SECURITY
DESCRIPTION
RATE
MATURITY
VALUE
$
SHORT
TERM
INVESTMENTS
7.7%
7,879,463
JPMorgan
U.S.
Government
Money
Market
Fund
-
Class
IM
5.30%
(f)
7,879,463
7,879,463
Morgan
Stanley
Institutional
Liquidity
Funds
Government
Portfolio
-
Institutional
Share
Class
5.27%
(f)
7,879,463
Total
Short
Term
Investments
(Cost
$15,758,926)
15,758,926
Total
Investments
104.2%
(Cost
$208,254,338)
213,242,971
Liabilities
in
Excess
of
Other
Assets
(4.2)%
(8,626,741)
NET
ASSETS
100.0%
$204,616,230
(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)
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
Futures
Contracts
Description
Long/Short
Contract
Quantity
Expiration
Date
Notional
Amount
(1)
Unrealized
Appreciation
(Depreciation)
/
Value
U.S.
Treasury
Ultra
Bond
Long
38
3/19/24
$
5,076,563
$
241,479
U.S.
Treasury
2
Year
Note
Long
130
3/28/24
26,768,828
74,046
U.S.
Treasury
10
Year
Ultra
Bond
(Short)
(32)
3/19/24
(3,776,500)
(18,069)
$297,456
(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.
|
December
31,
2023
25
Notes
to
Schedule
of
Investments
(Unaudited)
December
31,
2023
1. Organization
DoubleLine
ETF
Trust,
a
Delaware
statutory
trust
(the
“Trust”),
was
formed
on
September
27,
2021
and
is
registered
with
the
Securities
and
Exchange
Commission
as
an
open-end
management
investment
company.
As
of
December
31,
2023,
the
Trust
consists
of
four series,
DoubleLine
Opportunistic
Bond
ETF,
DoubleLine
Shiller
CAPE
®
U.S.
Equities
ETF,
DoubleLine
Commercial
Real
Estate
ETF
and
DoubleLine
Mortgage
ETF
(each
a
“Fund”
and
collectively
the
“Funds”).
Each
Fund
is
managed
by
DoubleLine
ETF
Adviser
LP
(the
"Adviser"),
which
is
registered
as
an
investment
adviser
with
the
U.S.
Securities
and
Exchange
Commission. Each
Fund
offers
one
class
of
shares.
The
Funds
are
classified
as
non-diversified
funds under
the
Investment
Company
Act
of
1940,
as
amended
(the
“1940
Act”).
The
Funds'
investment
objectives
and
date
each
Fund
commenced
operations
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 December
31,
2023. 
2. Significant
Accounting
Policies 
Each
Fund
is
an
investment
company
that
applies
the
accounting
and
reporting
guidance
issued
in
Topic
946,
"Financial
Services
-Investment
Companies",
by
the
Financial
Accounting
Standards
Board
("FASB").
The
following
is
a
summary
of
the
significant
accounting
policies
of
the
Funds.
These
policies
are
in
conformity
with
accounting
principles
generally
accepted
in
the
United
States
of
America
("US
GAAP"). 
A. Security
Valuation.
The
Funds
have
adopted
US
GAAP
fair
value
accounting
standards
which
establish
a
definition
of
fair
value
and
set
out
a
hierarchy
for
measuring
fair
value.
These
standards
require
additional
disclosures
about
the
various
inputs
and
valuation
techniques
used
to
develop
the
measurements
of
fair
value
and
a
discussion
of
changes
in
valuation
techniques
and
related
inputs
during
the
period.
These
inputs
are
summarized
in
the
three
broad
levels
listed
below: 
Level
1—
Unadjusted
quoted
market
prices
in
active
markets
for
identical
securities
Level
2—
Quoted
prices
for
identical
or
similar
assets
in
markets
that
are
not
active,
or
inputs
derived
from
observable
market
data
Level
3—
Significant
unobservable
inputs
(including
the
reporting
entity’s
estimates
and
assumptions)
Valuations for
domestic
and
foreign
fixed
income
securities
are
normally
determined
on
the
basis
of
valuations
provided
by
independent
pricing
services.
Vendors
typically
value
such
securities
based
on
one
or
more
inputs
described
in
the
following
table
which
is
not
intended
to
be
a
complete
list.
The
table
provides
examples
of
inputs
that
are
commonly
relevant
for
valuing
particular
classes
of
fixed
income
securities
in
which
the
Funds
are
authorized
to
invest.
However,
these
classifications
are
not
exclusive,
and
any
of
the
inputs
may
be
used
to
value
any
other
class
of
fixed-income
securities.
Securities
that
use
similar
valuation
techniques
and
inputs
as
described
in
the
following
table
are
categorized
as
Level
2
of
the
fair
value
hierarchy.
To
the
extent
the
significant
inputs
are
unobservable,
the
values
generally
would
be
categorized
as
Level
3.
Assets
and
liabilities
may
be
transferred
between
levels. 
Fund
Name
Investment
Objective
Commencement
of
Operations
DoubleLine
Opportunistic
Bond
ETF
Maximize
current
income
and
total
return
3/31/2022
DoubleLine
Shiller
Cape
U.S.
Equities
ETF
Seek
total
return
which
exceeds
the
total
return
of
the
S&P
500
Index
3/31/2022
DoubleLine
Commercial
Real
Estate
ETF
Seek
current
income
and
capital
preservation
3/31/2023
DoubleLine
Mortgage
ETF
Seek
total
return
which
exceeds
the
total
return
of
its
benchmark
index
3/31/2023
Fixed-income
class
Examples
of
Inputs
All
Benchmark
yields,
transactions,
bids,
offers,
quotations
from
dealers
and
trading
systems,
new
issues,
spreads
and
other
relationships
observed
in
the
markets
among
comparable
securities;
and
proprietary
pricing
models
such
as
yield
measures
calculated
using
factors
such
as
cash
flows,
financial
or
collateral
performance
and
other
reference
data
(collectively
referred
to
as
“standard
inputs”)
Corporate
bonds
and
notes;
    convertible
securities
Standard
inputs
and
underlying
equity
of
the
issuer
US
bonds
and
notes
of
government
and  
    government
agencies
Standard
inputs
Notes
to
Schedule
of
Investments
(Cont.)
26
DoubleLine
ETF
Trust
(Unaudited)
December
31,
2023
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.
The
Board
of
Trustees
(the
“Board”)
has
adopted
a
pricing
and
valuation
policy
for
use
by each
Fund
and
its
Valuation
Designee
(as
defined
below)
in
calculating each
Fund’s
NAV.
Pursuant
to
Rule
2a-5
under
the
1940
Act, each
Fund
has
designated
the
Adviser
as
its
“Valuation
Designee”
to
perform
all
of
the
fair
value
determinations
as
well
as
to
perform
all
of
the
responsibilities
that
may
be
performed
by
the
Valuation
Designee
in
accordance
with
Rule
2a-5.
The
Valuation
Designee
is
authorized
to
make
all
necessary
determinations
of
the
fair
values
of
portfolio
securities
and
other
assets
for
which
market
quotations
are
not
readily
available
or
if
it
is
deemed
that
the
prices
obtained
from
brokers
and
dealers
or
independent
pricing
services
are
unreliable.
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
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
to
value
the
Funds'
investments
as
of
December
31,
2023:
Category
DoubleLine
Opportunistic
Bond
ETF
DoubleLine
Shiller
CAPE®
U.S.
Equities
ETF
DoubleLine
Commercial
Real
Estate
ETF
DoubleLine
Mortgage
ETF
Investments
in
Securities
Level
1
Common
Stocks
$
—
$
349,217,404
$
—
$
—
Money
Market
Funds
6,077,450
118,486
5,066,528
15,758,926
Total
Level
1
6,077,450
349,335,890
5,066,528
15,758,926
Level
2
US
Government
and
Agency
Mortgage
Backed
Obligations
52,782,009
—
18,099,604
169,296,554
Non-Agency
Commercial
Mortgage
Backed
Obligations
14,048,617
—
54,488,965
—
US
Government
and
Agency
Obligations
59,698,070
—
—
—
Non-Agency
Residential
Collateralized
Mortgage
Obligations
24,326,953
—
3,310,924
25,510,670
US
Corporate
Bonds
33,727,439
—
—
—
Asset
Backed
Obligations
19,321,334
—
6,503,718
2,676,821
Collateralized
Loan
Obligations
9,327,816
—
15,902,329
—
Foreign
Corporate
Bonds
17,686,004
—
—
—
Notes
to
Schedule
of
Investments
(Cont.)
(Unaudited)
December
31,
2023
|
December
31,
2023
27
Category
(continued)
DoubleLine
Opportunistic
Bond
ETF
(continued)
DoubleLine
Shiller
CAPE®
U.S.
Equities
ETF
(continued)
DoubleLine
Commercial
Real
Estate
ETF
(continued)
DoubleLine
Mortgage
ETF
(continued)
Bank
Loans
6,595,698
—
—
—
Total
Level
2
237,513,940
—
98,305,540
197,484,045
Level
3
—
—
—
—
Total
$
243,591,390
$
349,335,890
$
103,372,068
$
213,242,971
Other
Financial
Instruments
Level
1
Futures
$
—
$
—
$
—
$
297,456
Total
Level
1
—
—
—
297,456
Level
2
—
—
—
—
Level
3
—
—
—
—
Total
$
—
$
—
$
—
$
297,456
See
the
Schedules
of
Investments
for
further
disaggregation
of
investment
categories.