FIRST AMENDMENT TO THE DOUBLELINE YIELD OPPORTUNITIES FUND CUSTODY AGREEMENT

Exhibit (j)(2)

FIRST AMENDMENT TO THE

DOUBLELINE YIELD OPPORTUNITIES FUND

CUSTODY AGREEMENT

This First Amendment, dated as of the last date on the signature page hereto, to the Custody Agreement dated December 3, 2019 (the “Agreement”), is entered into by and between DOUBLELINE YIELD OPPORTUNITIES FUND, a Massachusetts trust (the “Fund”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).

WHEREAS, the parties have entered into the Agreement;

WHEREAS, the Fund and the Custodian desire to amend the fee schedule of the Agreement; and

WHEREAS, Article XV, Section 15.2 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Exhibit C of the Agreement is hereby superseded and replaced in its entirety with Amended Exhibit C attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by a duly authorized officer on one or more counterparts as of the last date written below.

DOUBLELINE YIELD OPPORTUNITIES FUND						U.S. BANK NATIONAL ASSOCIATION
By:		/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇				By:		/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name:		▇▇▇▇▇▇ ▇▇▇▇▇▇				Name:		▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title:		President				Title:		Sr. VP.
Date:		January 23, 2020				Date:		January 23, 2020

EXHIBIT C

DOUBLELINE YIELD OPPORTUNITIES FUND

ANNUAL FEE SCHEDULE at January, 2020

Annual Fee Based Upon Average Total Managed Assets Per Fund

2 basis points on average total managed assets (based on the comprehensive services provided to the Fund by Custodian and/or its affiliates in addition to Domestic Custody)

Portfolio Transaction Fees

$4.00 /book entry DTC transaction/Federal Reserve transaction/principal paydown

$7.00 /U.S. Bank repurchase agreement transaction

$6.00 /short sale

$8.00 /option/future contract written, exercised or expired

$15.00 /mutual fund trade/Fed wire/margin variation Fed wire

$50.00 /physical security transaction

$5.00 /disbursement (waived if U.S. Bancorp is Administrator)

$150.00 /segregated account per year

◾ A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.

◾ No charge for the initial conversion free receipt.

◾ Overdrafts – charged to the account at prime interest rate plus 2.

Miscellaneous Expenses

Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity.

Fees are billed monthly.

Exhibit C (Continued) DOUBLELINE YIELD OPPORTUNITIES FUND GLOBAL SUB-CUSTODIAL SERVICES ANNUAL FEE SCHEDULE
Country		Instrument		Safekeeping (BPS)				Transaction Fee								Country				Instrument		Safekeeping (BPS)				Transaction Fee
Argentina		All			12.00				$32								Lebanon			All			20.00				$72
Australia		All			1.00				$15								Lithuania			All			16.00				$40
Austria		All			1.70				$17								Luxembourg			All			3.20				$25
Bahrain		All			40.00				$112								Malaysia			All			2.90				$39
Bangladesh		All			32.00				$120								Mali*			All			32.00				$124
Belgium		All			1.20				$22								Malta			All			17.60				$60
Benin*		All			32.00				$124								Mauritius			All			24.00				$80
Bermuda		All			12.00				$48								Mexico			All			1.50				$10
Botswana		All			20.00				$40								Morocco			All			28.00				$80
Brazil		All			7.20				$17								Namibia			All			24.00				$40
Bulgaria		All			32.00				$64								Netherlands			All			1.50				$12
Burkina Faso*		All			32.00				$124								New Zealand			All			2.00				$26
Canada		All			1.00				$6								Niger*			All			32.00				$124
Cayman Islands*		All			0.80				$8								Nigeria			All			24.00				$40
Channel Islands*		All			1.20				$20								Norway			All			1.50				$22
Chile		All			16.00				$48								Oman			All			40.00				$112
China“A” Shares		All			9.60				$42								Pakistan			All			24.00				$80
China“B” Shares		All			9.60				$42								Peru			All			35.00				$85
Columbia		All			32.00				$80								Philippines			All			3.90				$36
Costa Rica		All			12.00				$48								Poland			All			12.00				$24
Croatia		All			28.00				$52								Portugal			All			4.80				$39
Cyprus*		All			12.00				$45								Qatar			All			36.00				$112
Czech Republic		All			9.60				$24								Romania			All			28.00				$80
Denmark		All			1.50				$24								Russia			Equities/Bonds			30.00				$165
Ecuador		All			28.00				$52								Russia			MINFINs			12.00				$40
Egypt		All			25.60				$64								Senegal*			All			32.00				$124
Estonia		All			5.60				$20								Singapore			All			1.50				$20
Euromarkets(3)		All			1.00				$4								Slovak Republic			All			20.00				$88
Finland		All			2.40				$22								Slovenia			All			20.00				$88
France		All			1.00				$15								South Africa			All			1.50				$8
Germany		All			1.00				$15								South Korea			All			4.80				$10
Ghana		All			20.00				$40								Spain			All			1.00				$15
Greece		All			7.20				$33								Sri Lanka			All			12.00				$48
Guinea Bissau*		All			40.00				$124								Swaziland			All			24.00				$40
Hong Kong		All			2.00				$25								Sweden			All			1.00				$22
Hungary		All			20.00				$60								Switzerland			All			1.00				$24
Iceland		All			12.00				$45								Taiwan			All			12.00				$64
India		All			8.00				$84								Thailand			All			2.90				$22
Indonesia		All			5.80				$68								Togo*			All			32.00				$124
Ireland		All			1.50				$15								Trinidad & Tobago*			All			24.00				$52
Israel		All			9.60				$29								Tunisia			All			32.00				$36
Italy		All			1.50				$24								Turkey			All			9.60				$10
Ivory Coast		All			32.00				$124								UAE			All			36.00				$104
Jamaica*		All			28.00				$40								United Kingdom			All			1.00				$5
Japan		All			1.00				$8								Ukraine			All			19.20				$29
Jordan		All			32.00				$100								Uruguay			All			40.00				$52
Kazakhstan		All			48.00				$120								Venezuela			All			32.00				$100
Kenya		All			24.00				$40								Vietnam*			All			32.00				$104
Latvia		Equities			12.00				$60								Zambia			All			24.00				$40
Latvia		Bonds			20.00				$72

* Additional customer documentation and indemnification will be required prior to establishing accounts in these markets.

◾ Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request).

◾ For all other markets specified above, surcharges may apply if a security is held outside of the local market.

Straight Through Processing – fees waived.

Cash Transactions:

◾ 3^rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3^rd party will be charged $50.

Tax Reclamation Services: May be subject to additional charges depending upon the service level agreed. Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim.

Miscellaneous Expenses

◾ Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.

◾ A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.

◾ SWIFT reporting and message fees.

Exhibit C (continued) to the Amended & Restated Custody Agreement

Schedule of Fees at January, 2020

for Services as

Bank Loan Custodian - DoubleLine Funds

Initial Acceptance Fee per Custodial Account: Covers the complete review of all the transaction agreements, establishment of the collateral database and report development. Payable at closing.		$1,000.00
Annual Administration Fee: Compensation for the duties of custodian, collateral administrator and all other administrative and reporting functions under the documents. The fee is based on the quoted basis points times the simple average of the par value of the Collateral on the first and the last day of the Period. This schedule assumes that the custodial accounts will be invested in a U.S. Bank offered permitted investment as defined within the documents. Fee to be paid quarterly in arrears based on the actual number of days in the Period. This schedule assumes a minimum annual administration fee of $5,000.		2.00 Basis Points
Loan Pricing: Compensation for monthly pricing of loan positions. Fee payable monthly.		$14.00 per loan (Monthly)
Out-of-Pocket Expenses: Includes all related expenses, including but not limited to: postage, travel, counsel fees and disbursements. Payable at closing.		AT COST