Brady J. Femling

About Brady J. Femling

Brady J. Femling (born 1987) serves as a Vice President of DoubleLine Opportunistic Credit Fund (DBL), DoubleLine Income Solutions Fund (DSL), and DoubleLine Yield Opportunities Fund (DLY), with officer service dating to May 2017 (and since DLY’s inception in Nov 2019) . He is currently an Accountant, Registered Fund at DoubleLine Group LP (since March 2024), and previously worked as a Mutual Fund Treasury Analyst at DoubleLine (from April 2013) and a Fund Accounting Supervisor at ALPS Fund Services (2009–2013) . He is not listed among DBL’s portfolio managers, indicating his role is operational rather than investment decision-making . The funds’ proxy materials do not disclose officer-level compensation or performance metrics for Femling; officers employed by DoubleLine do not receive compensation from the Funds and amounts are not disclosed at the fund level .

Past Roles

External Roles

No external directorships or roles are disclosed for Femling in the Funds’ proxy statements .

Fixed Compensation

• Officers employed by DoubleLine or its affiliates (including Femling) do not receive any compensation or expense reimbursement from the Funds; the Funds disclose no officer-level base salary, bonus, or other compensation amounts for such officers .

Performance Compensation

• No officer incentive plans, performance metrics, vesting schedules, or equity/option awards are disclosed by the Funds for Femling; as an employee of DoubleLine, any compensation arrangements would be at the adviser level and are not reported in the Funds’ proxy .

Equity Ownership & Alignment

• The proxy discloses beneficial ownership for Trustees and the Funds’ principal executive and principal financial officers, but it does not itemize holdings for other officers like Femling; as of Dec 31, 2024, Trustees, nominees, and officers as a group beneficially owned less than 1% of each Fund’s outstanding Common Shares .
• No disclosure of any shares pledged as collateral or use of hedging by officers is provided in the proxy .
• For context, one institutional holder (Sit Investment Associates, Inc.) beneficially owned ~16.1% of DBL as of the noted filing, highlighting ownership concentration at the fund level (not specific to Femling) .

Employment Terms

• Office and tenure: Femling serves as a Vice President of DBL and DSL on an indefinite term, with service since May 2017; he serves as a Vice President of DLY on an indefinite term since its inception (Nov 2019) .
• Contracts and protections: The proxy provides no officer-specific employment contract terms, severance arrangements, change-in-control provisions, non-compete or non-solicit terms for Femling .
• Governance role: Femling is an officer, not a Trustee; he is not listed as serving on the Board or its committees (Audit, Nominating, QLCC) .

Investment Implications

• Limited trading/comp signal: Femling is not a portfolio manager for DBL; as an operational officer, his activities are not linked to portfolio decision-making, and the Funds disclose no officer-level pay or vesting that could create selling pressure or alignment signals at the fund level .
• Alignment disclosure is minimal: Individual officer ownership (beyond the principal executive/financial officers) is not itemized; group ownership is under 1%, offering limited “skin-in-the-game” insight specific to Femling .
• Stability/continuity signal: His tenure with DoubleLine (since 2013) and officer role since 2017 suggest continuity in fund operations and registered-fund accounting oversight, but the proxy provides no officer performance metrics to tie this to fund outcomes .
• Actionable focus: Portfolio performance and capital allocation signals for DBL should be drawn from portfolio manager disclosures and fund performance reports, as officer-level compensation and trading data for Femling are not reported by the Funds .