Oaktree Diversified Income Fund Inc.

Last Updated 04/05/2024

Shows hypothetical growth of $1000 since inception

Nav Per Share

20.91%

Current Yield

0.00%

Total Return

10/29/2021

Inception

$181,611,916

Total Managed Assets*

ODIDX

Ticker

$25,000

Minimum Investment

3.05%

Net Expense Ratio

*represents total managed funds for the fund complex

About The Fund

Overview: Oaktree Fund Advisors, LLC, an adviser operated by major global alternative investment management firm Oaktree Capital Management, registered the Oaktree Diversified Income Fund, Inc. (the "Fund") on 7/09/2021, a closed-end interval fund that will focus primarily on investing in high-yield bonds, senior loans, structured credit, and emerging markets debt, inclusive of both public and private credit sectors both in the U.S. and abroad.


In doing so, the Fund seeks to provide current income and attractive total return to its investors.


According to Oaktree's website, the firm has operated for 26 years, has over 1,000 employees in offices on 4 continents, and its $153b in managed assets (as of March 2021) represents 67/100 of the largest U.S. pension plans, 80% of U.S. state retirement plans, over 475 corporations globally, and over 300 endowments and foundations globally.


Oaktree provides investors with exposure to a range of strategies, including credit, private equity, real assets, and listed equities. Risk management is a core tenet of their investment philosophy, with the firm stating "if we avoid the losers, the winners will take care of themselves."


This is Oaktree's first foray into the world of closed-end interval funds. The move, by such an established and risk-averse manager, represents a significant vote of confidence for interval funds as a vehicle for alternative investments.



From the Fund's Prospectus:


The Fund: Oaktree Diversified Income Fund Inc. (the “Fund”) is a newly organized, diversified, closed-end management investment company that continuously offers its shares of common stock (the “Common Shares”). The Fund is operated as an “Interval Fund” (as defined below).


Investment Objective: The Fund’s investment objective is to seek current income and attractive total return.


Investment Strategies: The Fund seeks to achieve its investment objective by investing globally in high-conviction opportunities across Oaktree Fund Advisors, LLC's (“Oaktree” or the “Adviser”) performing credit platform of high-yield bonds, senior loans, structured credit, emerging markets debt and convertibles, inclusive of both public and private credit sectors. High-yield bonds are also referred to as “below-investment grade rated securities” or “junk bonds”, as described in this prospectus. The Fund seeks to add value through three sources: (1) providing exposure to asset classes that require specialized expertise; (2) performing well in each asset class through proprietary, bottom-up, credit research; and (3) allocating capital opportunistically among asset classes based on Oaktree’s assessment of relative value.


Under normal market conditions, the Fund will attempt to achieve its investment objective by investing, as a principal strategy, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in credit related investments, including, but not limited to, fixed income securities, floating rate securities and other debt instruments and in derivatives and other instruments that have economic characteristics similar to such securities or investments (the “80% Policy”). The Fund may invest in investment grade and below-investment grade rated debt instruments and securities of sovereign and quasi-sovereign issuers, including debt issued by national, regional or local governments and other agencies. The Fund may invest in securities denominated in U.S. dollars or in other foreign currencies.


Adviser: Oaktree Fund Advisors, LLC


Administrator: Brookfield Public Securities Group LLC


Legal Counsel: Paul Hastings LLP


Partner: Michael R. Rosella, Esq.


Public Accounting Firm: Deloitte & Touche LLP


Custodian: U.S. Bank National Association


Distributor: Quasar Distributors, LLC


Transfer Agent: U.S. Bancorp Fund Services, LLC

HISTORICAL DATA

Percentage and dollar changes represent the increase or decrease in the NAV from the preceding trading day.

Regulatory Materials

Prospectus - 7/9/2021 - Oaktree Diversified Income Fund Inc.

Oaktree Diversified Income Fund Inc. - Class D

SEC

Date

2021