The Oaktree
Advantage

The Oaktree Advantage
Oaktree Capital Management, L.P. (“Oaktree”) is a leader among global investment
managers specializing in alternative investments, with a deep heritage in credit
solutions. All investment activities are conducted according to a unifying philosophy
that is embraced by our experienced team of specialists focused on delivering
competitive investment results with risk under control.

“Only truly superior skill, discipline and integrity
are likely to produce consistently high returns
in the long run with limited risk.”

2THE OAKTREE ADVANTAGEHOWARD MARKS
CO-CHAIRMAN,
CO-FOUNDERSpecialized Credit Strategies
Oaktree has a long history of delivering credit solutions that invest in both liquid
and illiquid instruments, sourced directly from borrowers and public markets.

ListedEquities
PrivateEquity

22%

RealAssets

Credit Strategies
Convertible Securities
Emerging Markets Debt

74%

High Yield Bonds
Investment Grade Solutions
Multi-Asset Credit
Opportunistic Credit
Private Credit
Senior Loans
Structured Credit$189 Billion
Total AUM

Firm AUM breakdown shown as of as of December 31, 2023.
Source: Oaktree.

3THE OAKTREE ADVANTAGE$126 Billion

Credit-Centric30+ Years
Credit Investing OverMultiple Cycles

Unifying Investment Philosophy
While varied in investment objective and risk/return profile, each strategy
is grounded in Oaktree’s unifying investment philosophy that consistsof six enduring tenets that have not changed since the firm was founded
in 1995.

Primacy of risk control

Benefits of specialization

If we avoid the losers, the winners
take care of themselves

Our team members’ experience andexpertise give us a substantial advantage

Emphasis on consistency

Macro-forecasting notcritical to investing

A superior record is best built on
a high batting average rather thanthe hope that great years willoutweigh dismal ones

Importance of market
inefficiency
It is only in less-efficient markets
that hard work and skill are likely
to produce superior returns

4

THE OAKTREE ADVANTAGE

Superior knowledge of companies andtheir securities is the best foundation
for consistently excellent performance

Disavowal of market timing
The ability to correctly time markets
is limited at best; we are fully invested
whenever we can find attractive
investments

Experienced Team ofInvestment Professionals
Established in 1995 by a team that had been investing together since the mid-1980s,
the firm has grown to a global team that includes more than 1,200 employees
across 22 cities and 17 countries.

HelsinkiLondonDublinLos Angeles(Headquarters)

Stamford
New York

Paris

Amsterdam
Frankfurt
Luxembourg
MadridBeijing

Seoul

Shanghai
Houston

Dubai

Tokyo

Hong Kong

Singapore

Sydney252+

Credit Investment
Professionals

As of December 31, 2023.
Source: Oaktree.

5THE OAKTREE ADVANTAGE

52

PortfolioManagers

25

Average Yearsof ExperienceOur Commitment
Oaktree believes in putting clients’ interests ahead of their own and treating all clientsequally. Today, clients around the world have entrusted Oaktree with their assets.

65 of 100

550+

39 of 50300+

Largest U.S. Pension Plans

State Retirement Plans in the U.S.

Corporations Around the World

Endowments and Foundations Globally

18

Sovereign Wealth Funds

Finding opportunities in today’s credit markets requires
experience and expertise built over time. Contact BrookfieldOaktree Wealth Solutions to learn more about how we canhelp you meet your portfolio objectives.

The information contained herein is for educational and informational purposes only anddoes not constitute, and should not be construed as, an offer to sell, or a solicitation of
an offer to buy, any securities or related financial instruments. This commentary discusses
broad market, industry or sector trends, or other general economic or market conditions,and it is being provided on a confidential basis. It is not intended to provide an overview
of the terms applicable to any products sponsored by Brookfield Asset Management Inc.
and its affiliates (together, “Brookfield”). Information and views are subject to change
without notice. Some of the information provided herein has been prepared based on
Brookfield’s internal research, and certain information is based on various assumptions
made by Brookfield, any of which may prove to be incorrect. Brookfield may not haveverified (and disclaims any obligation to verify) the accuracy or completeness of any
information included herein, including information that has been provided by third
parties, and you cannot rely on Brookfield as having verified any of the information.
The information provided herein reflects Brookfield’s perspectives and beliefs
as of the date of this commentary.
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