Ownership and Structure DoubleLine Capital LP (also “DoubleLine Capital” or “DoubleLine”) was founded in December 2009. Jeffrey E. Gundlach serves as the Chief Executive Officer and Chief Investment Officer of DoubleLine. DoubleLine is a limited partnership organized under the laws of Delaware. Approximately 99% of DoubleLine’s limited partnership interests are owned by DoubleLine Management LP (“DoubleLine Management”). Approximately 1% of DoubleLine’s partnership interests are owned by DoubleLine Capital GP LLC, which is the general partner of DoubleLine. Approximately 79% of DoubleLine Management’s limited partnership interests are owned by employees of the DoubleLine group, 20% are owned by one or more affiliates of Oaktree Capital Management, L.P., and 1% are owned by DoubleLine Capital GP LLC, which is the general partner of DoubleLine Management. Advisory Services DoubleLine provides a variety of investment management services to institutional clients, including corporate entities, pension plans, Undertakings for the Collective Investment of Transferable Securities (“UCITS”) funds, registered investment companies (each, a “Registered Fund”) and unregistered investment companies (each, a “Private Fund”), foundations as well as public and government entities. Included with the Registered Funds to which DoubleLine provides management services are the series of DoubleLine Funds Trust (the “Trust” and each series of the “Trust” a “DoubleLine Fund”), the DoubleLine Opportunistic Credit Fund (“DBL”), the DoubleLine Income Solutions Fund (“DSL”), and the DoubleLine Yield Opportunities Fund (“DLY”) which are further described in Item 10 of this Brochure. Certain of the Private Funds for which DoubleLine provides investment advisory services may be affiliated with DoubleLine because DoubleLine or its affiliates serve as the general partner (“DoubleLine Private Funds”). DoubleLine also provides investment advisory services to a limited number of high-net-worth individual clients (together with the aforementioned types of clients, “Clients”). In the case of such high-net-worth individual clients, DoubleLine’s investment advisory services are delivered in the form of a separate account. DoubleLine typically manages accounts on a discretionary basis in accordance with its investment strategies, which are tailored according to the individual directives and guidelines of each Client. Clients who invest through separate accounts may impose reasonable restrictions on investment characteristics, subject to acceptance by DoubleLine. Examples of reasonable restrictions include, but are not limited to, account duration and average quality, asset types, security quality, allocation concentration and limitations on the use of leverage or derivatives. Clients that choose to engage DoubleLine for a non- discretionary relationship generally will not achieve the same results as discretionary accounts for a variety of reasons. Clients and prospects are advised to carefully review the proposed guidelines for any investment strategy to review the securities and instruments generally used by DoubleLine when implementing that strategy. The Private Funds, Registered Funds and UCITS funds for which DoubleLine serves as investment adviser are Clients of DoubleLine. The underlying investors in such Private Funds, Registered Funds, UCITS funds or any other investment companies for which DoubleLine serves as a sub-adviser or investment manager are not DoubleLine’s Clients unless they otherwise have an advisory relationship with DoubleLine. Accordingly, individual investors in UCITS funds, Registered Funds, Private Funds or any other investment companies for which DoubleLine serves as a sub-adviser or investment manager cannot place restrictions on the management of the UCITS funds, Registered Funds, Private Funds or other investment companies in which they are invested. ERISA Restrictions To the extent a Client account is subject to the Employee Retirement Income Security Act of 1974 (“ERISA”), the Client must inform us of any employer securities the Client is not permitted to own under ERISA. In addition, in order to rely on the class exemption for qualified professional asset managers, the Client must provide us with a list of any “party in interest” as defined in Section 3(14) of ERISA and every party with the authority to appoint or terminate DoubleLine as investment adviser or to negotiate the terms of an investment management agreement with DoubleLine with respect to the account. Private Funds also may be subject to limitations indirectly imposed by ERISA. For example, Private Funds may be structured in a manner to permit tax-exempt Clients subject to ERISA to invest (e.g., a master- feeder with structure with an offshore feeder fund). By way of further example, under ERISA and regulations promulgated thereunder (the “Plan Asset Regulations”), when a Benefit Plan Investor (defined below) acquires an equity interest in an entity that is neither a “publicly offered security” nor a security issued by an investment company registered under the Investment Company Act of 1940 (the “1940 Act”), the Benefit Plan Investor’s assets include both the equity interest and an undivided interest in each of the underlying assets of the entity unless it is established

either that less than 25% of the total value of each class of equity interest in the entity is held by Benefit Plan Investors as defined in Section 3(42) of ERISA and the Plan Asset Regulations (the “25% Test”), or that the entity satisfies another exception set forth in ERISA or the Plan Asset Regulations. For purposes of the 25% Test, the assets of an entity will not be treated as “plan assets” if, immediately after the most recent acquisition of any equity interest in the entity, less than 25% of the total value of each class of equity interest in the entity is held by Benefit Plan Investors, excluding any equity interest held by persons (other than Benefit Plan Investors) with discretionary authority or control over the assets of the entity or who provide investment advice for a fee (direct or indirect) with respect to such assets, and any affiliates thereof. The term Benefit Plan Investors is generally defined to include employee benefit plans subject to Title I of ERISA and plans subject to Section 4975 of the Code (including “Keogh” plans and IRAs), as well as any entity whose underlying assets include plan assets by reason of such employee benefit plans or a plan’s investment in such entity (e.g., an entity of which 25% or more of the value of any class of equity interests is held by Benefit Plan Investors and which does not satisfy another exception under ERISA). The general partner of each Private Fund intends to use reasonable efforts to limit equity participation by Benefit Plan Investors in the master fund (if applicable) of each Private Fund to less than 25% of the aggregate capital contributions as described above so that the underlying assets of such master fund will not constitute “plan assets” of any Benefit Plan Investor. However, there can be no assurance that, notwithstanding the reasonable efforts of the applicable general partner, the underlying assets of the master fund or a Private Fund will not otherwise be deemed to include plan assets. Types of Investments DoubleLine offers a variety of fixed income investment strategies through separate accounts, as well as UCITS funds, Registered Funds and Private Funds, that utilize fixed income securities and other instruments (all of which are referred to throughout this Brochure as “securities”) that include, but are not limited to:
• Mortgage-Backed Securities and other structured products, such as Collateralized Debt Obligations (CDOs), Collateralized Loan Obligations (CLOs), Real Estate Mortgage Investment Conduits (REMICs), Collateralized Mortgage Obligations (CMOs), interest only and principal only securities.
• Agency and non-agency Residential Mortgage-Backed Securities (RMBS)
• Commercial Mortgage-Backed Securities (CMBS), including B-Piece investments
• Asset-Backed Securities (ABS)
• Corporate and Asset-Backed Commercial Paper and other money market or short-term debt instruments
• Corporate debt securities
• Municipal securities
• Preferred stock and capital securities
• U.S. government securities
• Obligations of foreign governments or their subdivisions, agencies and instrumentalities
• Obligations of foreign corporate issuers
• Bank loans, loan participations and assignments
• Mezzanine debt securities
• Financing instruments related to debtor-in-possession arrangements, restructurings, workouts, insolvencies or bankruptcies
• Direct loans to borrowers for real estate transactions (currently offered only through a Private Fund)
• Repurchase agreements and reverse repurchase agreements
• Privately placed, Regulation S and Rule 144A securities
• Structured notes
• Unrated securities
• Whole Loans DoubleLine also offers to certain Clients strategies that involve multiple asset classes, which use securities and other instruments that may include the above list of fixed income securities and other instruments, but may also include:
• Common stock
• Exchange-traded funds (ETFs), exchange-traded notes (ETNs) and other exchange-traded products (ETPs)
• Investments designed to provide exposure to one or more physical commodities or commodities indices
• Direct and indirect investment in various foreign currencies, including actual holdings of currencies, but also forward contracts, futures, swaps, and options with underlying foreign currencies In limited circumstances where certain Clients are willing to accept greater risk in pursuit of potential higher total returns, DoubleLine may use certain leveraging and hedging techniques, including selling securities short or using derivatives, such as swaps, futures and options or the use of reverse repurchase agreements. DoubleLine may also provide non-discretionary advice to Clients or other investment advisers pursuant to an investment management agreement. Wrap Fee Programs DoubleLine does not manage wrap fee programs. As such, that portion of the information requested within Item 4 does not apply to DoubleLine. Assets Under Management As of December 31, 2023, DoubleLine managed approximately $92,968,371,160 of Client assets, all of which was managed on a discretionary basis. No Client assets were managed on a non-discretionary basis.