Strategic Commodity Fund – Statistics

Portfolio Holdings

Portfolio Characteristics – As of August 31, 2022

Total Net Assets $214,347,793
Collateral Characteristics
Duration 0.52
Sector Allocation
     Cash 3.91%
     U.S. Government 96.09%

Portfolio Sector Allocation

(Percent of Portfolio)
Morgan Stanley BFMCI*SM 69.82%
Tactical Commodity Exposure 30.18%
Subtotal 100.00%

The figures shown for the collateral characteristics represent the relative net assets invested in the displayed categories of fixed income and cash only. The figures shown for the tactical commodity exposures reflect the sectors within each allocation for the time period and their allocations as of month end.

Morgan Stanley BFMCI*SM
Crude Oil 10.80%
Brent Oil 10.89%
Heating Oil 4.75%
Gasoil 7.89%
RBOB Gasoline 5.40%
Subtotal 39.73%
Copper 14.87%
Nickel 11.70%
Subtotal 26.57%
Soybeans 20.49%
Subtotal 20.49%
Sugar 4.50%
Cotton 4.17%
Subtotal 8.68%
Live Cattle 4.53%
Subtotal 4.53%
Total 100.00%


Tactical Commodity Exposure
Long Commodity Allocation
Gasoline (RBOB) 9.25%
Brent 9.80%
Gasoil 10.48%
Crude Oil (WTI) 9.82%
Heating Oil 10.76%
Subtotal 50.11%
Short Commodity Allocation
Cocoa (NYBOT) 9.96%
Wheat 9.91%
Wheat (Kansas) 9.62%
Corn 9.06%
Silver 11.35%
Subtotal 49.89%
Total 100.00%

Sector Allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Portfolio holdings generally are made available thirty days after month-end by calling (877) DLine11. The source for the information in this report is DoubleLine Capital, which maintains its data on a trade date basis.

*Backwardation Focused Multi-Commodity Index

©2022 DoubleLine

Mutual fund investing involves risk; Principal loss is possible. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in commodities or commodity-linked derivative instruments may involve additional costs and risks such as changes in commodity index volatility or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Investing in derivatives could lose more than the amount invested. Investing in foreign securities involves political, economic, currency risks, greater volatility and differenced in accounting methods. These risks are greater for investments in emerging markets. Any index used by the Fund may not be widely used and information regarding its components and/or its methodology may not generally be known to industry participants, it may be more difficult for the Fund to find willing counterparties to engage in total or excess return swaps or other derivative instruments based on the return of the index. ETF and ETN investments involve additional risks such as the market price trading at a discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund’s ability to sell its shares. The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the fund to be more volatile than if leverage was not used. The Fund is non-diversified meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested.

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory prospectus and summary prospectus (if available) contain this and other important information about the investment company and may be obtained by clicking here. In addition, a free hard-copy is available by calling 1 (877) 354-6311/1 (877) DLINE11. Please read the prospectuses carefully before investing.


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