RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
Schedule of Investments
September 30, 2019 (Unaudited)

                     
Shares/Description
  
 
 
      
    
  
Value
  
CLOSED-END FUNDS - 19.66%(a)
                
 
186,122
  
BlackRock Corporate High Yield Fund, Inc.
           
$
2,000,812
  
 
172,077
  
BlackRock Credit Allocation Income Trust
            
2,343,689
  
 
65,805
  
BlackRock Floating Rate Income Strategies Fund, Inc.
            
807,427
  
 
331,929
  
BrandywineGLOBAL Global Income Opportunities Fund, Inc.
            
4,016,341
  
 
275,197
  
Eaton Vance Limited Duration Income Fund
            
3,439,963
  
 
33,958
  
First Trust High Income Long/Short Fund
              
514,803
  
 
51,172
  
First Trust Senior Floating Rate Income Fund II
            
614,064
  
 
298,098
  
Franklin Templeton Limited Duration Income Trust
            
2,775,292
  
 
457,841
  
Invesco Senior Income Trust
              
1,922,932
  
 
452,364
  
Nuveen Credit Strategies Income Fund
              
3,383,683
  
 
84,228
  
Nuveen Floating Rate Income Fund
              
818,696
  
 
190,920
  
Prudential Global Short Duration High Yield Fund
            
2,743,520
  
 
83,448
  
Voya Prime Rate Trust
              
393,040
  
 
214,893
  
Western Asset Emerging Markets Debt Fund Inc.
            
2,984,864
  
 
378,786
  
Western Asset Global High Income Fund Inc.
            
3,761,345
  
 
1,205,332
  
Western Asset Global High Income Opportunity Fund Inc.
            
6,086,927
  
                         
TOTAL CLOSED-END FUNDS
                  
(Cost $39,147,609)
                  
38,607,398
  
                         
Shares/Description
  
 
 
  
Rate
  
Maturity
  
Value
  
BUSINESS DEVELOPMENT COMPANY NOTES - 6.86%(a)
                  
 
38,563
  
Capital Southwest Corp
      
5.95%
12/15/2022
    
1,005,723
  
 
33,285
  
KCAP Financial Inc
      
6.13%
9/30/2022
    
833,789
  
 
227,236
  
Oxford Square Capital Corp
      
6.50%
3/30/2024
    
5,837,693
  
 
30,193
  
Stellus Capital Investments
      
5.75%
9/15/2022
    
768,412
  
 
137,354
  
THL Credit, Inc.
      
6.75%
12/30/2022
    
3,473,682
  
 
21,044
  
THL Credit, Inc.
      
6.13%
11/15/2021
    
547,144
  
 
39,033
  
TriplePoint Venture Growth BDC Corp
      
5.75%
7/15/2022
    
1,014,468
  
                           
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
                    
(Cost $13,198,833)
                    
13,480,911
  
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
ASSET BACKED OBLIGATIONS - 4.42%(a)(b)
                    
 
2,500,000
  
Blackbird Capital Aircraft(d)
      
5.68%
12/16/2041
    
2,610,765
  
 
3,000,000
  
InSite Issuer LLC
      
6.41%
11/15/2046
    
3,135,926
  
 
833,333
  
Labrador Aviation Finance Limited
      
5.68%
1/15/2042
    
858,806
  
 
28,380
  
SOFI Professional Loan Program Trust
      
0.00%
8/17/2048
    
1,048,701
  
 
1,000,000
  
SOFI Consumer Loan Program Trust(c)
      
4.73%
1/26/2026
    
1,033,499
  
                           
TOTAL ASSET BACKED OBLIGATIONS
                    
(Cost $8,332,844)
                    
8,687,697
  
                           
Shares/Description
  
 
 
  
Rate
  
Maturity
  
Value
  
BANK LOANS - 5.14%(a)
                    
 
199,999
  
Acrisure LLC, Senior Secured First Lien Term Loan
  
3M US L + 4.25%
  
11/22/2023
    
199,437
  
 
463,814
  
Air Methods Corp., Senior Secured  First Lien Term Loan(c)
  
3M US L + 3.50%
  
4/21/2024
    
378,936
  
 
9,459
  
Allied Universal Holdco LLC, Senior Secured First Lien Term Loan(c)
  
3M US L + 4.25%
  
7/31/2026
    
9,485
  
 
95,541
  
Allied Universal Holdco LLC, Senior Secured First Lien Term Loan B(c)
  
3M US L + 4.25%
  
7/10/2026
    
95,794
  
 
210,740
  
Almonde, Inc., Senior Secured First Lien Term Loan(c)
  
1M US L + 3.50%
  
6/13/2024
    
205,482
  
 
573,562
  
American Tire Distributors Inc., Gauranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 7.50%
  
9/1/2021
    
507,028
  
 
206,014
  
Applied Systems, Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.25%
  
9/19/2024
    
205,957
  
 
208,332
  
AssuredPartners, Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.50%
  
10/22/2024
    
207,779
  
 
124,375
  
Athenahealth Senior Secured First Lien Term Loan(c)
  
3M US L + 4.50%
  
2/11/2026
    
124,259
  
 
84,575
  
Auris Luxembourg III Sarl, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.75%
  
7/25/2025
    
84,231
  
 
59,549
  
BJ's Wholesale Club Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 2.75%
  
2/2/2024
    
59,809
  
 
64,510
  
Blackhawk Network Holdings Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.00%
  
6/16/2025
    
64,402
  
 
117,180
  
Brookfield WEC Holdings, Inc., Senior Secured First Lien Term Loan(c)
  
1M US L + 3.50%
  
7/31/2025
    
117,701
  
 
215,563
  
Canyon Valor Companies, Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 2.75%
  
6/16/2023
    
215,563
  
 
324,162
  
Cengage Learning Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
1M US L + 4.25%
  
6/7/2023
    
307,865
  
 
208,227
  
CHG Healthcare Services, Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 3.00%
  
6/7/2023
    
208,422
  
 
214,020
  
Colorado Buyer, Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 2.50%
  
5/1/2024
    
194,070
  
 
204,450
  
Cvent, Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
1M US L + 3.75%
  
11/29/2023
    
202,214
  
 
214,466
  
Equinox Holdings, Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.00%
  
3/8/2024
    
214,868
  
 
199,066
  
Filtration Group Corporation, Senior Secured First Lien Term Loan
  
1M US L + 3.00%
  
3/31/2025
    
199,848
  
 
64,513
  
Forest City Enterprises LP, Senior Secured First Lien Term Loan(c)
  
3M US L + 4.00%
  
12/8/2025
    
65,067
  
 
448,827
  
Fortera Finance LLC, Guaranteed Senior Secured First Lien Term Loan(c)
  
1M US L + 3.00%
  
10/25/2023
    
425,825
  
 
197,475
  
Garda World Security Corporation, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.50%
  
5/24/2024
    
197,906
  
 
203,993
  
Gentiva Health Services, Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.75%
  
7/2/2025
    
205,396
  
 
58,989
  
GOBP Holdings Inc., Senior Secured First Lien Term Loan(c)
  
1M US L + 3.75%
  
10/22/2025
    
59,376
  
 
200,000
  
Granite Holdings US Acquisition Co., Guaranteed Senior Secured First Lien Term Loan(c)
  
1M US L + 5.25%
  
10/30/2026
    
195,250
  
 
207,809
  
Greeneden US Holdings LLC, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.50%
  
2/1/2023
    
206,943
  
 
518,696
  
Gulf Finance LLC, Senior Secured First Lien Term Loan(c)
  
3M US L + 5.25%
  
8/5/2022
    
397,454
  
 
206,368
  
Hayward Acquisition Corporation, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.50%
  
8/5/2024
    
199,919
  
 
204,038
  
Hyland Software, Inc., Senior Secured First Lien Term Loan(c)
  
1M US L + 3.25%
  
7/1/2024
    
204,267
  
 
197,480
  
Informatica LLC, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.25%
  
8/5/2022
    
198,509
  
 
105,000
  
Inmarsat Plc., Senior Secured First Lien Term Loan
  
1M US L + 4..50%
  
9/23/2026
    
103,532
  
 
203,447
  
Intrawest Resorts, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.00%
  
7/31/2024
    
204,401
  
 
113,844
  
IRB Holding Corp., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 3.25%
  
2/5/2025
    
113,496
  
 
214,509
  
Kronos Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.00%
  
11/1/2023
    
215,143
  
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
 Schedule of Investments
September 30, 2019 (Unaudited)
                       
 
207,437
  
Life Time Fitness, Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 2.75%
  
6/10/2022
    
207,756
  
 
209,468
  
McDermott Technology Americas Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 5.00%
  
5/17/2025
    
133,327
  
 
374,060
  
Millennium Acquisition Inc., Senior Secured First Lien Term Loan(c)
  
1M US L + 5.00%
  
3/27/2026
    
364,241
  
 
74,246
  
Mitchell International Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 3.25%
  
11/29/2024
    
71,329
  
 
205,982
  
MLN US Holdco LLC, Senior Secured First Lien Term Loan(c)
  
1M US L + 4.50%
  
7/11/2025
    
192,078
  
 
406,765
  
MPH Acquisition Holdings LLC, Senior Secured First Lien Term Loan(c)
  
3M US L + 2.75%
  
6/7/2023
    
388,629
  
 
133,647
  
NCI Building Systems Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 3.75%
  
4/12/2025
    
131,141
  
 
80,000
  
Nexstar Broadcasting Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 2.75%
  
6/19/2026
    
80,456
  
 
80,000
  
Option Care, Senior Secured First Lien Term Loan(c)
  
3M US L + 4.50%
  
5/22/2026
    
80,000
  
 
129,675
  
Oryx Midstream, Senior Secured First Lien Term Loan(c)
  
3M US L + 4.00%
  
5/22/2026
    
126,717
  
 
104,431
  
Panther BF Aggregator, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.50%
  
4/30/2026
    
103,746
  
 
158,999
  
Project Alpha Intermediate Holding, Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
6M US L + 3.50%
  
4/26/2024
    
157,210
  
 
79,399
  
Radiology Partners Inc., Guaranteed Senior Secured First Lien Term Loan(c)
  
3M US L + 4.75%
  
7/9/2025
    
78,477
  
 
207,164
  
Redtop Acquisitions (CPA Global), Senior Secured First Lien Term Loan(c)
  
3M US L + 3.25%
  
11/1/2024
    
205,027
  
 
178,750
  
Refinitiv US Holdings, Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 3.75%
  
10/1/2025
    
179,904
  
 
109,394
  
Securus Technologies Holdings, Inc., Senior Secured First Lien Term Loan(c)
  
3M US L + 4.50%
  
6/20/2024
    
96,905
  
 
201,424
  
Sophia LP, Senior Secured First Lien Term Loan(c)
  
3M US L + 3.25%
  
9/30/2022
    
201,718
  
 
54,450
  
Travel Leaders Group LLC, Guaranteed Senior Secured First Lien Term Loan(c)
  
1M US L + 4.00%
  
1/25/2024
    
54,632
  
 
118,800
  
Verscend Holdings Corporation, Senior Secured First Lien Term Loan(c)
  
3M US L + 4.50%
  
8/27/2025
    
119,419
  
 
180,104
  
Vertafore Inc., Senior Secured First Lien Term Loan(c)
  
1M US L + 3.25%
  
6/4/2025
    
175,377
  
 
77,237
  
Web.com, Senior Secured First Lien Term Loan(c)
  
1M US L + 3.75%
  
10/10/2025
    
76,112
  
 
70,000
  
Zelis Payments Buyer Inc., Senior Secured First Lien Term Loan
  
1M US L + 4.75%
  
10/30/2026
    
69,562
  
                           
                           
TOTAL BANK LOANS
                    
(Cost $10,297,824)
                    
10,089,397
  
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
COLLATERALIZED LOAN OBLIGATIONS - 14.62%(a)
                    
     
Apidos Ltd.
                    
 
500,000
  
Series 2015-21A(b)(c)
    
3M US L + 8.25%
  
7/19/2027
    
482,495
  
 
500,000
  
Series 2016-24A(b)(c)
    
3M US L + 5.80%
  
10/21/2030
    
469,573
  
     
Areit Trust
                    
 
538,000
  
Series 2019-CRE3 D(b)(c)
    
1M US L + 2.65%
  
9/14/2036
    
540,892
  
     
Atrium CDO Corp
                    
 
500,000
  
Series XIII 2017-13(b)(c)
    
3M US L + 6.05%
  
11/21/2030
    
466,522
  
 
500,000
  
Series 2018-14A-E(b)(c)
    
3M US L + 5.65%
  
8/23/2030
    
456,811
  
     
Babson CLO Ltd.
                    
 
500,000
  
Series 2018-4A(c)
    
3M US L + 5.82%
  
10/15/2030
    
461,683
  
     
Canyon Capital Ltd.
                    
 
500,000
  
Series 2016-1R(b)(c)
    
3M US L + 5.75%
  
7/15/2031
    
449,433
  
     
Carlyle Global Market Strategies
                    
 
500,000
  
Series 2013-3A(c)
    
3M US L + 5.50%
  
10/15/2030
    
441,250
  
 
500,000
  
Series 2014-2RA(b)(c)
    
3M US L + 5.35%
  
5/15/2031
    
432,275
  
     
Castlelake Aircraft Structured Trust
                    
 
387,437
  
Series 2018-1C(b)
      
6.63%

6/15/2043
    
390,541
  
 
1,250,000
  
Series 2019-1A(b)
      
0.00%

4/15/2039
    
1,260,727
  
     
Chenango Park CLO, Ltd.
                    
 
500,000
  
Series 2018-1A(b)(c)
    
3M US L + 5.80%
  
4/15/2030
    
460,626
  
     
CHL GMSR Issuer Trust
                    
 
3,930,000
  
Series 2018-GT1(b)(c)
    
1M US L + 2.75%
  
5/25/2023
    
3,946,416
  
     
CIM Trust
                    
 
3,720,000
  
Series 2017-3RR(b)(c)
      
10.97%

1/29/2057
    
3,864,094
  
     
Dorchester Park CLO Ltd.
                    
 
500,000
  
Series 2015-1A(b)(c)
    
3M US L + 5.00%
  
4/20/2028
    
473,893
  
     
Dryden Senior Loan Fund
                    
 
500,000
  
Series 2015-37R(b)(c)
    
3M US L + 5.15%
  
1/15/2031
    
443,819
  
 
500,000
  
Series 2015-40R(b)(c)
    
3M US L + 5.75%
  
8/15/2031
    
458,155
  
     
Fillmore Park CLO, Ltd.
                    
 
500,000
  
Series 2018-1A(b)(c)
    
3M US L + 5.40%
  
7/15/2030
    
452,065
  
     
FMC GMSR Issuer Trust
                    
 
3,000,000
  
Series 2019-GT1(b)(c)
      
5.66%

5/25/2026
    
3,057,471
  
     
Gilbert Park CLO, Ltd.
                    
 
500,000
  
Series 2017-1A(b)(c)
    
3M US L + 6.40%
  
10/15/2030
    
487,750
  
     
Granite Point Mortgage Trust, Ltd.
                    
 
999,000
  
Series 2018-FL1(b)(c)
    
1M US L + 2.95%
  
11/21/2035
    
1,006,493
  
     
LCM Ltd Partnership
                    
 
500,000
  
Series 14A(b)(c)
    
3M US L + 5.50%
  
7/20/2031
    
428,250
  
 
500,000
  
Series 17A(b)(c)
    
3M US L + 6.00%
  
10/15/2031
    
454,797
  
 
500,000
  
Series 27A(b)(c)
    
3M US L + 5.60%
  
7/16/2031
    
455,007
  
     
Myers Park CLO, Ltd.
                    
 
500,000
  
Series 2018-1A(b)(c)
    
3M US L + 5.50%
  
10/21/2030
    
453,925
  
     
Neuberger Berman Loan Advisors Ltd.
                    
 
500,000
  
Series 2018-23R(b)(c)
    
3M US L + 5.75%
  
10/18/2027
    
471,004
  
     
New Century Home Equity Loan Trust
                    
 
2,444,253
  
Series 2006-1(c)(d)
    
1M US L + 0.18%
  
5/25/2036
    
2,322,463
  
     
Octagon Investment Partners Ltd.
                    
 
500,000
  
Series 2016-26R(b)(c)
    
3M US L + 8.09%
  
7/15/2030
    
454,136
  
 
500,000
  
Series 2013-16R(b)(c)
    
3M US L + 5.75%
  
7/17/2030
    
448,258
  
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
Schedule of Investments
September 30, 2019 (Unaudited)
                           
     
 RMAT
                    
 
881,964
  
Series 2015-PR2(b)(d)
      
9.85%

11/25/2035
    
866,378
  
     
Voya Ltd.
                    
 
500,000
  
Series 2018-2A(b)(c)
    
3M US L + 5.25%
  
7/15/2031
    
455,864
  
     
Wave USA
                    
 
500,000
  
Series 2019-1 C
      
6.41%

9/15/2044
    
499,990
  
     
Webster Park CLO Ltd.
                    
 
500,000
  
Series 2015-1A(b)(c)
    
3M US L + 5.50%
  
7/22/2030
    
459,239
  
     
Wind River CLO, Ltd.
                    
 
500,000
  
Series 2018-2A(b)(c)
    
3M US L + 5.75%
  
7/15/2030
    
445,414
  
                           
TOTAL COLLATERALIZED LOAN OBLIGATIONS
                    
(Cost $29,691,584)
                    
28,717,709
  
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
FOREIGN CORPORATE BONDS - 4.10%(a)
                    
Argentina - 0.30%
            
         
 
150,000
  
Banco Macro SA(c)
      
6.75%
11/4/2026
    
103,875
  
 
250,000
  
Compania General Combust
      
9.50%
11/7/2021
    
190,625
  
 
200,000
  
Telecom Argentina SA(b)
      
8.00%
7/18/2026
    
175,500
  
 
150,000
  
YPF Sociedad Anonima
      
8.50%
7/28/2025
    
118,502
  
               
     
588,502
  
Austria - 0.14%
            
         
 
250,000
  
Klabin Austria GMBH
      
7.00%
4/3/2049
    
266,575
  
               
         
Bermuda - 0.13%
            
         
 
250,000
  
Geopark LTD
      
6.50%
9/21/2024
    
258,125
  
               
         
Brazil - 0.26%
            
         
 
250,000
  
Banco BTG Pactual(c)
      
7.75%
2/15/2029
    
261,250
  
 
250,000
  
Banco do Brasil(c)
      
6.25%
4/15/2167
    
246,875
  
               
     
508,125
  
British Virgin Islands - 0.23%
        
         
 
200,000
  
C10 Capital SPV LTD(c)
    
3M US L + 5.50%
12/29/2049
    
199,000
  
 
239,500
  
Star Energy Geothermal
      
6.75%
4/24/2033
    
250,331
  
               
     
449,331
  
Canada - 0.20%
            
         
 
250,000
  
Canacol Energy LTD
      
7.25%
5/3/2025
    
265,438
  
 
221,396
  
Stoneway Capital Corp.
      
10.00%
3/1/2027
    
133,391
  
               
     
398,829
  
Cayman Islands - 0.27%
        
         
 
300,000
  
CSN Islands XII
      
7.00%
3/23/2167
    
262,690
  
 
250,000
  
Latam Finance LTD
      
7.00%
3/1/2026
    
267,043
  
                       
529,733
  
Chile - 0.13%
                        
 
250,000
  
AES Gener SA(c)
      
7.13%
3/26/2079
    
262,813
  
               
         
Dominican Republic - 0.14%
        
         
 
250,000
  
Aeropuertos Dominicanos
      
6.75%
3/30/2029
    
263,562
  
               
         
Ireland - 0.13%
            
         
 
250,000
  
C&W Senior Financing DAC
      
6.88%
9/15/2027
    
260,000
  
               
         
Luxembourg - 0.50%
        
         
 
250,000
  
Gilex Holding Sarl
      
8.50%
5/2/2023
    
269,065
  
 
200,000
  
JSL Europe
      
7.75%
7/26/2024
    
215,506
  
 
250,000
  
Millicom International Cellular
      
6.25%
3/25/2029
    
273,650
  
 
250,000
  
Minerva Luxembourg SA
      
5.88%
1/19/2028
    
251,300
  
               
     
1,009,521
  
Mexico - 1.11%
            
         
 
250,000
  
Banco Mercantil del Norte(c)
      
7.63%
1/6/2167
    
255,940
  
 
250,000
  
BBVA Bancomer SA Texas(c)
      
5.13%
1/18/2033
    
239,062
  
 
200,000
  
Banco Santander Mexico(c)
      
8.50%
7/20/2168
    
211,000
  
 
243,750
  
Cometa Energia SA
      
6.38%
4/24/2035
    
260,203
  
 
250,000
  
Credito Real Sab De CV(c)
      
9.13%
5/29/2163
    
257,502
  
 
250,000
  
Docuformas SA(b)
      
10.25%
7/24/2024
    
247,363
  
 
250,000
  
Financiera Independencia
      
8.00%
7/19/2024
    
231,877
  
 
250,000
  
Grupo Posadas Sab CV
      
7.88%
6/30/2022
    
251,253
  
 
250,000
  
Unifin Financiera SA DE(c)
      
8.88%
7/29/2025
    
223,128
  
               
     
2,177,328
  
Netherlands - 0.28%
        
         
 
250,000
  
Petrobras Global Finance
      
6.90%
3/19/2049
    
287,250
  
 
250,000
  
VTR Finance BV
      
6.88%
1/15/2024
    
258,125
  
               
     
545,375
  
Spain - 0.15%
            
         
 
250,000
  
AI Candelaria Spain SLU(b)
      
7.50%
12/15/2028
    
284,690
  
                           
United Kingdom - 0.13%
                    
 
250,000
  
Vedanta Resources(b)
      
9.25%

4/23/2026
    
249,437
  
                           
                           
TOTAL FOREIGN CORPORATE BONDS
                    
(Cost $7,985,337)
                    
8,051,946
  
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
Schedule of Investments
September 30, 2019 (Unaudited)
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
U.S. CORPORATE BONDS - 0.39% (a)
                    
Exploration & Production - 0.12%
                    
 
250,000
  
Gran Tierra Energy Inc.(b)
      
7.75%
5/23/2027
    
235,625
  
               
         
Food & Beverage - 0.13%
        
         
 
250,000
  
NBM US Holdings Inc.(b)
      
7.00%
5/14/2026
    
262,969
  
               
         
Metals & Mining - 0.14%
        
         
 
300,000
  
Freeport McMoran Inc.
      
5.45%
3/15/2043
    
271,614
  
                           
TOTAL U.S. CORPORATE BONDS
                    
(Cost $758,721)
                    
770,208
  
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.14% (a)
                  
Dominican Republic - 0.14%
                    
 
250,000
  
Dominican Republic(b)
      
6.40%

6/5/2049
    
266,878
  
                           
                           
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
                  
(Cost $254,235)
                    
266,878
  
                           
                           
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 48.34%(a)
                  
     
Atrium Hotel Portfolio Trust
        
         
 
433,000
  
Series 2018-ATRM(b)(c)
    
1M US L + 3.40%
6/15/2035
    
437,143
  
     
Banc of America Funding Corporation
        
         
 
2,308,319
  
Series 2006-D(c)
      
3.55%
5/20/2036
    
2,087,621
  
     
Banc of America Merrill Lynch Large Loan Trust
      
         
 
730,000
  
Series 2019-AHT D(b)(c)
    
1M US L + 2.50%
3/15/2034
    
733,755
  
     
Banc of America Mortgage Securities Inc.
      
         
 
2,212,055
  
Series 2007-3
      
6.00%
9/25/2037
    
2,163,741
  
     
The Bancorp Commercial Mortgage Trust
      
         
 
631,000
  
Series 2019-CRE5(b)(c)
    
1M US L + 2.35%
3/17/2036
    
632,805
  
     
Barclays Commercial Mortgage Securities Trust
      
         
 
682,000
  
Series 2018-CBM(b)(c)
    
1M US L + 3.15%
7/15/2037
    
685,012
  
     
BB-UBS Trust
        
         
 
500,000
  
Series 2012 - TFT(b)(c)
      
3.68%
6/7/2030
    
487,045
  
     
Bear Stearns Adjustable Rate Mortgage Trust
      
         
 
1,479,038
  
Series 2006-2(c)
      
4.28%
7/25/2036
    
1,409,277
  
     
Bear Stearns Alt-A Trust
        
         
 
1,964,209
  
Series 2005-10(c)
      
4.19%
1/25/2036
    
1,847,967
  
     
Breamar Hotels & Resorts Trust
                    
 
402,000
  
Series 2018-PRME F(b)(c)
    
1M US L + 2.90%
  
6/15/2035
    
403,798
  
     
BX Trust
                    
 
321,000
  
Series 2019-IMC D(b)(c)
    
1M US L + 1.90%
  
4/17/2034
    
322,205
  
     
Carbon Capital VI Commercial Mortgage
                    
 
316,000
  
Series 2019-FL2(b)(c)
    
1M US L + 2.85%
  
11/18/2021
    
318,775
  
     
Chase Mortgage Finance Corporation
                    
 
3,577,735
  
Series 2007-S4(c)
    
1M US L + 0.60%
  
6/25/2037
    
1,731,748
  
     
ChaseFlex Trust
                    
 
2,913,718
  
Series 2007-1
      
6.50%
2/25/2037
    
1,722,144
  
     
Citigroup Commercial Mortgage Trust
                    
 
319,000
  
Series 2018-TBR F(b)(c)
    
1M US L + 3.65%
  
12/15/2036
    
321,146
  
     
Citigroup Mortgage Loan Trust Inc.
                    
 
196,000
  
Series 2015-GC27 D(b)(c)
      
4.57%
2/12/2048
    
187,626
  
 
2,057,219
  
Series 2005-5(c)
      
3.94%
10/25/2035
    
1,567,599
  
 
1,228,052
  
Series 2007-AR5(c)
      
4.70%
4/25/2037
    
1,183,156
  
 
192,000
  
Series 2016-GC36 D(b)
      
2.85%
2/10/2049
    
167,845
  
     
Commercial Mortgage Trust
        
         
 
500,000
  
Series 2012-CR4(b)(c)
      
4.72%
10/17/2045
    
206,025
  
 
878,000
  
Series 2018-HCLV(b)(c)
    
1M US L + 2.18%
9/15/2033
    
878,675
  
     
Countrywide Alternative Loan Trust
        
         
 
980,911
  
Series 2005-48T1
`
    
5.50%
11/25/2035
    
877,157
  
 
931,122
  
Series 2005-63(c)
      
4.10%
12/25/2035
    
858,872
  
 
3,078,181
  
Series 2005-64CB
      
5.50%
12/25/2035
    
2,715,199
  
 
1,347,080
  
Series 2006-26CB
      
6.50%
9/25/2036
    
1,086,359
  
 
2,858,107
  
Series 2007-14T2
      
6.00%
7/25/2037
    
2,104,248
  
 
2,837,085
  
Series 2007-2CB
      
5.75%
3/25/2037
    
2,411,522
  
 
2,442,055
  
Series 2007-16CB
      
6.25%
8/25/2037
    
2,089,875
  
     
Countrywide Home Loans
                    
 
2,115,688
  
Series 2005-HYB1(c)(d)
    
1M US L + 0.60%
  
3/25/2035
    
2,036,464
  
 
2,690,795
  
Series 2007-9
      
5.75%
7/25/2037
    
2,256,115
  
 
2,284,341
  
Series 2007-HYB1(c)
      
3.54%
3/25/2037
    
2,160,206
  
     
Credit Suisse First Boston Mortgage Securities Corp.
      
         
 
1,509,232
  
Series 2005-9
      
5.50%
10/25/2035
    
1,340,114
  
     
Credit Suisse Mortgage Trust
                    
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
Schedule of Investments
September 30, 2019 (Unaudited)
                           
 
2,232,445
  
Series 2006-7
      
6.75%
8/25/2036
    
1,934,731
  
 
2,185,671
  
Series 2007-1
      
6.00%
2/25/2037
    
1,938,812
  
     
First Horizon Alternative Mortgage Securities Trust
      
         
 
773,625
  
Series 2005-AA8(c)
      
3.65%
10/25/2035
    
719,146
  
     
FREMF Mortgage Trust
        
         
 
5,500,000
  
Series 2013-K713(b)(f)
      
0.10%
4/25/2046
    
2,526
  
 
2,500,000
  
Series 2013-K713 D(b)(e)(g)
      
0.00%
4/25/2046
    
2,419,090
  
 
166,042
  
Series 2016-KF22(b)(c)
    
1M US L + 5.05%
7/25/2023
    
172,070
  
     
GMAC Commercial Mortgage Securities Inc.
      
         
 
500,000
  
Series 2004-C3(b)(c)
      
5.14%
12/10/2041
    
498,301
  
     
GS Mortgage Securities Trust
        
         
 
1,476,000
  
Series 2014-GC26(b)(c)
      
4.67%
11/13/2047
    
1,302,304
  
 
325,000
  
Series 2018-FBLU(b)(c)
    
1M US L + 3.25%
11/15/2035
    
327,063
  
 
655,000
  
Series 2018-TWR(b)(c)
    
1M US L + 3.92%
7/15/2031
    
661,144
  
     
Hawaii Hotel Trust
        
         
 
230,000
  
Series 2019-MAUI F(b)(c)
    
1M US L + 2.75%
5/17/2038
    
231,368
  
     
Hospitality Mortgage Trust
        
         
 
227,673
  
Series 2019-HIT G(b)(c)
    
1M US L + 3.90%
11/17/2036
    
228,242
  
     
IndyMac INDX Mortgage Loan Trust
        
         
 
1,414,172
  
Series 04-AR4(c)
      
4.37%
8/25/2034
    
1,421,019
  
 
2,941,765
  
Series 2007-FLX6(c)(d)
    
1M US L + 0.25%
9/25/2037
    
2,918,010
  
     
JP Morgan Chase Commercial Mortgage Securities Corp.
      
         
 
109,250
  
Series 2006-LDP9
      
5.34%
5/15/2047
    
105,026
  
 
15,245
  
Series 2007-LDPX(c)
      
5.46%
1/15/2049
    
15,274
  
 
411,000
  
Series 2011-C3(b)(c)
      
5.85%
2/16/2046
    
398,195
  
 
130,000
  
Series 2014-C20 D(b)(c)
      
4.75%
7/17/2047
    
122,049
  
 
500,000
  
Series 2016-WIKI(b)(c)
      
4.14%
10/5/2031
    
506,613
  
 
320,000
  
Series 2019-MFP F(b)(c)
      
5.13%
7/15/2036
    
322,028
  
 
109,000
  
Series 2019-UES C(b)
      
4.34%
5/5/2032
    
116,106
  
 
111,000
  
Series 2019-UES D(b)(c)
      
4.60%
5/5/2032
    
117,352
  
 
130,000
  
Series 2019-UES E(b)(c)
      
4.60%
5/5/2032
    
134,658
  
 
136,000
  
Series 2019-UES F(b)(c)
      
4.60%
5/5/2032
    
136,861
  
 
148,000
  
Series 2019-UES G(b)(c)
      
4.60%
5/5/2032
    
143,950
  
     
JPMBB Commercial Mortgage Securities Trust
      
         
 
9,475,000
  
Series 2013-C14(b)(c)(f)
      
1.26%
8/17/2046
    
346,469
  
 
402,000
  
Series 2014-C23 E(b)(c)
      
3.36%
9/17/2047
    
342,142
  
 
632,000
  
Series 2015-C27(b)(c)
      
3.99%
2/18/2048
    
626,949
  
     
Luminent Mortgage Trust
                    
 
1,941,515
  
Series 06-3-11A1(c)(d)
    
1M US L + 0.20%
  
5/25/2036
    
1,904,774
  
 
1,894,175
  
Series 06-3-12A1(c)(d)
    
1M US L + 0.21%
  
5/25/2036
    
1,822,143
  
     
Mello Warehouse Securitization Trust
                    
 
3,000,000
  
Series 2019-1(b)(c)
    
1M US L + 5.50%
  
6/25/2052
    
3,048,618
  
     
Monarch Beach Report Trust
                    
 
1,000,000
  
Series 2018-MBMZ(b)(c)
    
1M US L + 4.96%
  
7/16/2035
    
1,005,803
  
     
Morgan Stanley BAML Trust
                    
 
119,000
  
Series 2015-C20(b)
      
3.07%

2/15/2048
    
111,668
  
     
Morgan Stanley Capital Trust
                    
 
350,000
  
Series 2018-SUN(b)(c)
    
1M US L + 3.05%
  
7/16/2035
    
351,272
  
     
MSCCG Trust
                    
 
555,000
  
Series 2018-SELF(b)(c)
    
1M US L + 3.05%
  
10/15/2037
    
557,108
  
     
Nomura Asset Acceptance Corporation
                    
 
2,242,885
  
Series 2005-AP3(d)
      
5.19%

8/25/2035
    
1,468,547
  
     
NYT Mortgage Trust
                    
 
315,000
  
Series 2019-NYT(b)(c)
    
1M US L + 3.00%
  
12/17/2035
    
318,504
  
     
One Market Plaza Trust
                    
 
319,000
  
Series 2017-1MKT E(b)
      
4.14%

2/10/2032
    
322,536
  
     
PR Mortgage Loan Trust
        
         
 
2,423,693
  
Series 2014-1(b)(c)
      
5.91%
10/25/2049
    
2,318,003
  
     
Residential Accredit Loans, Inc.
        
         
 
2,191,967
  
Series 2007-QA5(c)
      
5.95%
9/25/2037
    
2,084,947
  
     
Residential Asset Securitization Trust
        
         
 
2,645,304
  
Series 2005-A15
      
5.75%
2/25/2036
    
1,830,159
  
 
2,570,596
  
Series 2007-A5
      
6.00%
5/25/2037
    
2,203,897
  
     
Residential Funding Mortgage Securities I Trust
      
         
 
1,466,063
  
Series 2005-SA2(c)
      
4.79%
6/25/2035
    
1,300,567
  
 
3,008,167
  
Series 2006-S8
      
6.00%
9/25/2036
    
2,887,951
  
     
Structured Adjustable Rate Mortgage Loan Trust
      
         
 
1,265,795
  
Series 2005-22(c)
      
4.49%
12/25/2035
    
1,220,501
  
 
2,445,230
  
Series 2007-8(c)
      
4.22%
9/25/2037
    
2,393,913
  
     
Structured Asset Mortgage Investments Inc.
      
         
 
691,830
  
Series 2005-AR7(c)
    
12M UST + 1.05%
3/25/2046
    
791,922
  
     
UBS-Barclays Commercial Mortgage Trust
                  
     
Washington Mutual Mortgage Pass-Through Certificates Trust
                  
 
1,765,676
  
Series 2005-8
      
5.50%
10/25/2035
    
1,756,352
  
 
1,667,191
  
Series 2006-AR6(c)
      
3.76%
8/25/2036
    
1,592,481
  
 
1,864,605
  
Series 2006-AR10(c)
      
3.81%
8/25/2046
    
1,828,087
  
 
1,427,288
  
Series 2006-2
      
6.00%
3/25/2036
    
1,484,808
  
 
1,922,966
  
Series 2007-HY3(c)
      
3.89%
3/25/2037
    
1,874,665
  
     
Wells Fargo Commercial Mortgage Trust
        
         
 
332,000
  
Series 2016-C33(b)
      
3.12%
3/17/2059
    
309,897
  
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
Schedule of Investments
September 30, 2019 (Unaudited)
                           
     
VMC Fiannce LLC
                    
 
500,000
  
Series 2019-FL3 D(c)
    
1M US L + 2.65%
  
9/15/2036
    
501,563
  
                           
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
                  
(Cost $98,821,296)
                    
94,929,423
  
                           
Principal Amount/Description
 
  
Rate
  
Maturity
  
Value
  
U.S. GOVERNMENT/AGENCY MORTGAGE BACKED SECURITIES - 25.09% (a)
                  
     
Federal Home Loan Mortgage Corporation
                  
 
4,254,725
  
Series 3770
      
4.00%

12/15/2040
    
4,772,379
  
 
6,419,567
  
Series 3966(c)(f)(h)
    
5.90% - 1M US L
  
12/15/2041
    
842,889
  
 
2,416,725
  
Series 4170(c)(h)
    
4.05% - 1M US L
  
1/15/2033
    
2,380,363
  
 
4,633,554
  
Series 4605
      
3.00%
8/15/2046
    
4,545,367
  
 
4,862,150
  
Series 4657
      
3.00%
2/15/2047
    
5,035,301
  
 
4,390,629
  
Series 4686
      
4.00%
3/15/2047
    
4,864,546
  
     
Federal National Mortgage Association
                    
 
4,903,061
  
Series 2011-101(c)(f)(h)
    
5.90% - 1M US L
  
10/25/2041
    
730,793
  
 
4,297,692
  
Series 2011-124(c)(f)(h)
    
6.50% - 1M US L
  
12/25/2041
    
718,183
  
 
5,164,422
  
Series 2012-20(c)(f)(h)
    
6.45% - 1M US L
  
3/25/2042
    
836,048
  
 
4,252,553
  
Series 2013-36
      
3.00%
4/25/2043
    
4,438,563
  
 
6,000,000
  
Series 2013-109(e)(g)
      
0.00%
7/25/2043
    
4,539,608
  
 
2,925,877
  
Series 2014-38
      
3.00%
9/25/2043
    
2,916,227
  
 
6,404,865
  
Series 2014-58
      
3.00%
9/25/2044
    
6,540,612
  
 
1,130,548
  
Series 2016-26(c)(h)
    
7.62% - 1M US L
  
11/25/2042
    
1,107,476
  
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.                              
Schedule of Investments
September 30, 2019 (Unaudited)
                           
     
Government National Mortgage Association
                  
 
17,035,914
  
Series 2013-155(c)(f)
      
0.17%
9/16/2053
    
284,064
  
 
4,574,140
  
Series 2017-17
      
3.50%
2/20/2047
    
4,732,725
  
                           
TOTAL U.S. GOVERNMENT/AGENCY MORTGAGE BACKED SECURITIES
                  
(Cost $40,682,874)
                    
49,285,144
  
                           
                           
Shares/Description
  
 
 
        
    
  
Value
  
SHORT-TERM INVESTMENTS 9.04%(a)
                    
Money Market Fund
                        
 
17,753,588
  
Fidelity Institutional Government Portfolio
                  
     
    (7 Day Yield 1.86%)(i)
                
17,753,588
  
                           
TOTAL SHORT-TERM INVESTMENTS
                    
(Cost $8,661,531)
                    
17,753,588
  
                           
TOTAL INVESTMENTS - 137.80%
                
270,640,299
  
(Cost $273,117,756)
                        
LIABILITIES IN EXCESS OF OTHER ASSETS (37.80)%
                
(74,243,852
)
NET ASSETS - 100.00%
                
$
196,396,447
  
                           
Investment Abbreviations:
                    
Libor - London Interbank Offered Rate
                    
                           
Libor Rates:
                        
1M US L - 1 Month LIBOR as of September 30, 2019 was 2.02%
                    
3M US L - 3 Month LIBOR as of September 30, 2019 was 2.09%
                    
6M US L - 6 Month LIBOR as of September 30, 2019 was 2.06%
                    

(a)
All or a portion of the security has been pledged as collateral in connection with an open credit agreement.
    
 
At September 30, 2019, the value of securities pledged amounted to $270,640,299, which represents
      
 
approximately 137.80% of net assets.
        
(b)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities have been
    
 
deemed liquid under procedures approved by the Fund's Board of Directors and may normally be sold to
    
 
qualified institutional buyers in transactions exempt from registration.  Total fair value of Rule 144A
      
 
securities amounts to $58,683,227 which represents approximately 29.88% of net assets as of
      
 
September 30, 2019.
          
(c)
Variable rate investment.  Interest rates reset periodically.  Interest rate shown reflects the rate in effect at
    
 
September 30, 2019.  For securities based on a published reference rate and spread, the reference rate and spread
    
 
are indicated in the description above.  Certain variable rate securities are not based on a published reference
    
 
rate and spread, but are determined by the issuer or agent and are based on current market conditions.  These
    
 
securities do not indicate a reference rate and spread in their description above.
      
(d)
Step-up bond. The interest rate shown is the rate in effect as of September 30, 2019.
      
(e)
Denotes zero-coupon bond.
        
(f)
Interest only security.
          
(g)
Principal only strips.
          
(h)
Inverse floating rate security whose interest rate moves in the opposite direction of reference
      
 
interest rates.  Reference interest rates are typically based on a negative multiplier or slope.
      
 
Interest rate may also be subject to a cap or floor.
      
(i)
Seven-day yield as of September 30, 2019.
SECURITIES VALUATION AND FAIR VALUE MEASUREMENTS

Fair value is defined as the price that a Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP establishes a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability.  This includes assumptions about risk, such as the risk inherent in a particular valuation technique used to measure fair value including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.


 •
Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;

•
Level 2 – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

•
Level 3 – Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Equity securities, including closed-end funds and business development company notes, are generally valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser or  Sub-Adviser believes such prices more accurately reflect the fair market value of such securities. Securities that are traded on any stock exchange are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an exchange traded security is generally valued by the pricing service at its last bid price. Securities traded in the NASDAQ over-the-counter market are generally valued by the pricing service at the NASDAQ Official Closing Price. 

Investments in mutual funds, including money market mutual funds, are generally priced at the ending net asset value (NAV) provided by the service agent of the funds. These securities will be categorized as Level 1 securities.

Fair values for long-term debt securities, including asset-backed obligations, non-agency collateralized mortgage obligations, and U.S. government/agency mortgage-backed securities are normally determined on the basis of the mean valuations provided by independent pricing services.  Vendors typically value such securities based on one or more inputs, including but not limited to 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 pricing models such as yield measurers calculated using factors such as cash flows, financial or collateral performance and other reference data.  In addition to these inputs, mortgage-backed and asset-backed obligations may utilize cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements, and specific deal information.  Securities that use similar valuation techniques and inputs 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.
Short-term investments in fixed income securities, with maturities of less than 60 days when acquired, or which subsequently are within 60 days of maturity, are valued by using the amortized cost method of valuation, which the Board of Directors (“Board”) has determined will represent fair value. These securities will be classified as Level 2 securities.

In accordance with the Fund’s good faith pricing guidelines, the Adviser, Sub-Adviser, or Valuation Committee is required to consider all appropriate factors relevant to the value of securities for which it has determined other pricing sources are not available or reliable as described above. No single standard exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser, Sub-Adviser, or Valuation Committee would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale. Methods which are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) a discount from market of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (iii) yield to maturity with respect to debt issues, or a combination of these and other methods. Good faith pricing is permitted if, in the Adviser’s, Sub-Adviser’s, or the Valuation Committee’s opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before the Fund’s NAV calculation that may affect a security’s value, or the Adviser, Sub-Adviser or Valuation Committee is aware of any other data that calls into question the reliability of market quotations.

Good faith pricing may also be used in instances when the bonds the Fund invests in default or otherwise cease to have market quotations readily available. Investments in foreign securities, junk bonds or other thinly traded securities are more likely to trigger good faith pricing than other securities.

The following is a summary of the inputs used at September 30, 2019 involving the Fund’s assets:

   
Valuation Inputs
        


Investments in Securities at Value*
  




Level 1 – Quoted
Prices
    


Level 2 – Other
Significant
Observable Inputs
    

Level 3 –
Significant
Unobservable
Inputs
    




Total
  
Asset Backed Obligations
  
$
-
    
$
8,687,697
    
$
-
    
$
8,687,697
  
Bank Loans
    
-
      
10,089,397
      
-
      
10,089,397
  
Business Development Company Notes
    
13,480,911
      
-
      
-
      
13,480,911
  
Closed-End Funds
    
38,607,398
      
-
      
-
      
38,607,398
  
Collateralized Loan Obligations
Foreign Corporate Bonds
    
-
-
      
28,717,709
8,051,946
      
-
-
      
28,717,709
8,051,946
  
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies
    
-
      
266,878
      
-
      
266,878
  
Non-Agency Collateralized Mortgage Obligations     -
      94,929,423
      -
     
94,929,423
  
U.S. Corporate Bonds
    
-
      
770,208
      
-
      
770,208
  
U.S. Government/Agency
Mortgage Backed
Securities
    

-
      
49,285,144
      


-
      
49,285,144
  
Short-Term Investments
    
17,753,588
      
-
      
-
      
17,753,588
  
Total
  
$
69,841,897
    
$
200,798,402
    
$
-
    
$
270,640,299
  
*     Refer to the Fund’s Schedule of Investments for a listing of securities by type.


The Fund did not hold any Level 3 securities at the end of the reporting period. There were no transfers into and out of Levels 1, 2, and 3 during the current period presented.