Oaktree Diversified Income Fund
A Multi-Asset Credit Solution

The Oaktree Diversified Income Fund (the Fund) seeks to generate attractive income
and total return by constructing a diversified, multi-asset portfolio of what Oaktree
believes are the best relative value opportunities across public and private markets.

Diversified Portfolio of Opportunities
Across Liquid and Private Credit

A Three Decade History of Seeking
Attractive Income
Our multi-asset credit solution dynamically75%

allocates between the best relative value
opportunities that Oaktree believes can offer

25%

LIQUID
CREDITThe Fund responds to market conditions andallocates across public debt and private credit,ITED
CR

DIREC
T

Non-Sponsored

INGND
LE

Real Estate Debt

STRUCTUR
EDCorporate

attractive income and total return.

PRIVATECREDIT

Sponsoredseeking to enhance returns and mitigate risk.
Leveraging Oaktree’s three-decade track record,loans, structured credit, emerging markets

Sdebt, convertible bonds, and direct lending,investments that have long been difficult

High Yield Bonds
Emerging Markets Debt
Convertible Bonds

SANN

DSenior Secured LoansLO

the team allocates to high yield bonds, senior

BO

Target allocations shown for illustrative purposes only. Subject to change
without notice.

for individuals to access.

Innovative vehicle structure that provides access to higher-yielding opportunities
in public debt and private credit
Investor Friendly Features• Daily subscriptions• Quarterly distributions1• Quarterly liquidity2• Annual Form 1099-DIV

Desired Outcomes+• Stable income• Attractive total return• Portfolio diversification• Lower volatility

As of September 30, 2023. Diversification does not ensure a profit nor protect against loss in a declining market.
1
There is no assurance quarterly distributions will be maintained at the current level or paid at all.
2
This amount may be adjusted by the Board at any time to an amount no less than 5% nor more than 25% of the Fund’s outstanding shares.
Shares are not otherwise redeemable. Shares will not be listed on any national securities exchange.

Oaktree Diversified Income Fund

Oaktree’s Expertise Across Market Cycles

2

AS THE TOP APPROACHES• Asset prices are high• Prospective returns are low• Risk is highAsset Prices

Focus on capital preservation and income generation

1

4

ON THE WAY UP• Economic fundamentals are improving• Asset prices are rising• Risk aversion is evaporating

AS THE BOTTOM APPROACHES• Asset prices are low• Prospective returns are high
• Risk is low

Focus on capturing total return opportunities

3

ON THE WAY DOWN
• Economic fundamentals are deteriorating• Asset prices are declining• Risk aversion is growing
TimeAll expressions of opinion are subject to change without notice and are not intended to be a forecast of future events or results. There can be no assurance
that historical trends will continue during the life of any Oaktree investment vehicle.

Unwavering Focus on Risk Management
Oaktree has delivered attractive outcomes for investors throughout market cycles by following an investment
philosophy grounded in six key principles:Primacy of risk control

Benefits of specialization

Macro-forecasting

Importance ofnot critical to investing

market inefficiency

Emphasis on consistency

Disavowal of market timing

The Oaktree Advantage
Preeminent credit expertise built over three decades
Global Leader in Alternative Investing$183 Billion
Assets Under Management
As of September 30, 2023.

Competitive Platform

Time-Tested Investment Philosophy

245+

1995

Credit Investment Professionals

Firm FoundedOaktree Diversified Income FundIMPORTANT INFORMATION
A fund’s investment objectives, risks, charges and expenses must
be considered carefully before investing. The prospectus contains
this and other important information about the investmentcompany, and it may be obtained by calling 855-862-5873
or visiting www.brookfieldoaktree.com. Read the prospectus
carefully before investing.
RISKS TO CONSIDER
Investing involves risk. Principal loss is possible. There can be noassurance that the Fund will achieve its investment objective. The
Fund will subject Fund stockholders to greater levels of credit risk,
call risk and liquidity risk than funds that do not invest in such securities.
Generally, lower rated or unrated securities of equivalent credit quality
offer a higher return potential than higher rated securities but involve
greater volatility of price and greater risk of loss of income and principal,
including the possibility of a default or bankruptcy of the issuers of suchsecurities. An investment in the securities of financially distressed issuers
can involve substantial risks. These securities may present a substantial
risk of default or may be in default at the time of investment. The Fundcurrently intends to use leverage to seek to achieve its investment
objective. Leverage creates risks that may adversely affect the returnfor the holders of common stock. The Fund may invest in securities ofcompanies in an “emerging market.” Investments in emerging market
securities involve a greater degree of risk than, and special risks inaddition to the risks associated with, investments in domestic securities

or in securities of foreign, developed countries. The impact of COVID-19,
and other epidemics and pandemics that may arise in the future, hasaffected and may continue to affect the economies of many nations,individual companies and the global markets, including liquidity, ingeneral in ways that cannot necessarily be foreseen at the present time.
The Fund is new with limited operating history and there can be noassurance that the Fund will grow or maintain an economically viable
size, in which case the Board of Trustees of the Fund may determine
to liquidate the Fund.
The Fund is a continuously-offered, registered closed-end fund withlimited liquidity.
You should not expect to be able to sell your Shares other than throughthe Fund’s repurchase policy, regardless of how the Fund performs.
The Fund’s Shares will not be listed on any securities exchange, and theFund does not expect a secondary market in the Shares to develop.
Shares may be transferred or sold only in accordance with the Fund’sLLC Agreement. Although the Fund will offer to repurchase Shares ona quarterly basis, Shares are not redeemable and there is no guaranteethat shareholders will be able to sell all of their tendered Shares during
a quarterly repurchase offer. An investment in the Fund’s Shares is notsuitable for investors that require liquidity, other than liquidity provided
through the Fund’s repurchase policy
DISTRIBUTOR
Quasar Distributors, LLC

Contact Us
brookfieldoaktree.com
info@brookﬁeldoaktree.com+1 855-777-8001© 2024 Brookfield Corporation00232