# EDGAR Filing Document

**Accession Number:** 0001822973
**File Stem:** 0000949509-25-000005
**Filing Date:** 2025-8
**Character Count:** 8920
**Document Hash:** 4cf6bec2a1ea0f98444e2ef845be84a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000949509-25-000005.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0000949509-25-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oaktree Fund Advisors, LLC
- **CENTRAL INDEX KEY:** 0001822973

**ORGANIZATION NAME:**
- **EIN:** 822844472
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21340
- **FILM NUMBER:** 251213038

**BUSINESS ADDRESS:**
- **STREET 1:** C/O OAKTREE CAPITAL MANAGEMENT, L.P
- **STREET 2:** 333 SOUTH GRAND AVE, 28TH FLOOR
- **CITY:** LOS ANGLES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2138306300

**MAIL ADDRESS:**
- **STREET 1:** C/O OAKTREE CAPITAL MANAGEMENT, L.P
- **STREET 2:** 333 SOUTH GRAND AVE, 28TH FLOOR
- **CITY:** LOS ANGLES
- **STATE:** CA
- **ZIP:** 90071

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Oaktree Fund Advisors LLC<br>**Address:** C/O OAKTREE CAPITAL MANAGEMENT L.P<br>333 SOUTH GRAND AVE 28TH FLOOR<br>LOS ANGLES, CA 90071

**Form 13F File Number:** 028-21340

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Bart Bixler<br>**Title:** Vice President<br>**Phone:** 213-356-3252

**Signature, Place, and Date of Signing:**

Bart Bixler  Los Angeles, CA  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 46

**Form 13F Information Table Value Total:** $57644039

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                           | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Russell Investments Group Ltd. | 028-17598              |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ENPHASE ENERGY INC | CONVERTIBLE BOND | 29355AAK3 |  | 8948 | 11000 | PRN |  | DFND | 12 | 11000 | 0 | 0 |
| ENPHASE ENERGY INC | CONVERTIBLE BOND | 29355AAH0 |  | 9587 | 10000 | PRN |  | DFND | 12 | 10000 | 0 | 0 |
| OKTA INC | CONVERTIBLE BOND | 679295AD7 |  | 9950 | 10000 | PRN |  | DFND | 12 | 10000 | 0 | 0 |
| JD.COM INC | CONVERTIBLE BOND | 47215PAJ5 |  | 10455 | 10000 | PRN |  | DFND | 12 | 10000 | 0 | 0 |
| FIRST MAJESTIC SILVER CORP | CONVERTIBLE BOND | 32076VAD5 |  | 10488 | 11000 | PRN |  | DFND | 12 | 11000 | 0 | 0 |
| ALARM.COM HOLDINGS INC | CONVERTIBLE BOND | 011642AB1 |  | 10725 | 11000 | PRN |  | DFND | 12 | 11000 | 0 | 0 |
| SHAKE SHACK INC | CONVERTIBLE BOND | 819047AB7 |  | 10731 | 10000 | PRN |  | DFND | 12 | 10000 | 0 | 0 |
| DEXCOM INC | CONVERTIBLE BOND | 252131AM9 |  | 11316 | 12000 | PRN |  | DFND | 12 | 12000 | 0 | 0 |
| WIX.COM LTD | CONVERTIBLE BOND | 92940WAD1 |  | 11970 | 12000 | PRN |  | DFND | 12 | 12000 | 0 | 0 |
| ENVISTA HOLDINGS CORP | CONVERTIBLE BOND | 29415FAD6 |  | 12098 | 13000 | PRN |  | DFND | 12 | 13000 | 0 | 0 |
| SEA LTD | CONVERTIBLE BOND | 81141RAG5 |  | 12291 | 13000 | PRN |  | DFND | 12 | 13000 | 0 | 0 |
| SUMMIT HOTEL PROPERTIES INC | CONVERTIBLE BOND | 866082AA8 |  | 13580 | 14000 | PRN |  | DFND | 12 | 14000 | 0 | 0 |
| WEC ENERGY GROUP INC | CONVERTIBLE BOND | 92939UAR7 |  | 13878 | 12000 | PRN |  | DFND | 12 | 12000 | 0 | 0 |
| SNAP INC | CONVERTIBLE BOND | 83304AAH9 |  | 13896 | 16000 | PRN |  | DFND | 12 | 16000 | 0 | 0 |
| SHIFT4 PAYMENTS INC | CONVERTIBLE BOND | 82452JAD1 |  | 13975 | 13000 | PRN |  | DFND | 12 | 13000 | 0 | 0 |
| CONMED CORP | CONVERTIBLE BOND | 207410AH4 |  | 14249 | 15000 | PRN |  | DFND | 12 | 15000 | 0 | 0 |
| ETSY INC | CONVERTIBLE BOND | 29786AAN6 |  | 14632 | 17000 | PRN |  | DFND | 12 | 17000 | 0 | 0 |
| MKS INC | CONVERTIBLE BOND | 55306NAB0 |  | 14857 | 15000 | PRN |  | DFND | 12 | 15000 | 0 | 0 |
| PPL CORP | CONVERTIBLE BOND | 69352PAS2 |  | 15155 | 14000 | PRN |  | DFND | 12 | 14000 | 0 | 0 |
| TELADOC HEALTH INC | CONVERTIBLE BOND | 87918AAF2 |  | 15721 | 17000 | PRN |  | DFND | 12 | 17000 | 0 | 0 |
| NEXTERA ENERGY INC | CONVERTIBLE BOND | 65339KCY4 |  | 15953 | 14000 | PRN |  | DFND | 12 | 14000 | 0 | 0 |
| SOUTHERN CO/THE | CONVERTIBLE BOND | 842587DZ7 |  | 16575 | 15000 | PRN |  | DFND | 12 | 15000 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE CORP | CONVERTIBLE BOND | 57164YAF4 |  | 16803 | 18000 | PRN |  | DFND | 12 | 18000 | 0 | 0 |
| AIRBNB INC | CONVERTIBLE BOND | 009066AB7 |  | 19329 | 20000 | PRN |  | DFND | 12 | 20000 | 0 | 0 |
| MERITAGE HOMES CORP | CONVERTIBLE BOND | 59001ABF8 |  | 19464 | 20000 | PRN |  | DFND | 12 | 20000 | 0 | 0 |
| CMS ENERGY CORP | CONVERTIBLE BOND | 125896BX7 |  | 21310 | 20000 | PRN |  | DFND | 12 | 20000 | 0 | 0 |
| BIOXCEL THERAPEUTICS INC | COMMON STOCK | 09075P204 |  | 77672 | 42913 | SH |  | DFND | 12 | 42913 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | CONVERTIBLE BOND | 75606DAP6 |  | 127887 | 130000 | PRN |  | DFND | 12 | 130000 | 0 | 0 |
| CABLE ONE INC | CONVERTIBLE BOND | 12685JAE5 |  | 173593 | 183000 | PRN |  | DFND | 12 | 183000 | 0 | 0 |
| PEBBLEBROOK HOTEL TRUST | CONVERTIBLE BOND | 70509VAA8 |  | 180040 | 190000 | PRN |  | DFND | 12 | 190000 | 0 | 0 |
| JETBLUE AIRWAYS CORP | CONVERTIBLE BOND | 477143AP6 |  | 229440 | 239000 | PRN |  | DFND | 12 | 239000 | 0 | 0 |
| ALVOTECH SA | COMMON STOCK | L01800108 |  | 693329 | 76023 | SH |  | DFND | 12 | 76023 | 0 | 0 |
| SEA LTD | COMMON STOCK | 81141R100 |  | 812015 | 5077 | SH |  | DFND | 12 | 5077 | 0 | 0 |
| YPF SA | COMMON STOCK | 984245100 |  | 1169594 | 37189 | SH |  | DFND | 12 | 37189 | 0 | 0 |
| FULL TRUCK ALLIANCE CO LTD | COMMON STOCK | 35969L108 |  | 1274192 | 107891 | SH |  | DFND | 12 | 107891 | 0 | 0 |
| TERNIUM SA | COMMON STOCK | 880890108 |  | 1551022 | 51529 | SH |  | DFND | 12 | 51529 | 0 | 0 |
| KE HOLDINGS INC | COMMON STOCK | 482497104 |  | 1607439 | 90611 | SH |  | DFND | 12 | 90611 | 0 | 0 |
| KANZHUN LTD | COMMON STOCK | 48553T106 |  | 1670662 | 93647 | SH |  | DFND | 12 | 93647 | 0 | 0 |
| ECOPETROL SA | COMMON STOCK | 279158109 |  | 1839782 | 207885 | SH |  | DFND | 12 | 207885 | 0 | 0 |
| GRAB HOLDINGS LTD | COMMON STOCK | G4124C109 |  | 3498948 | 695616 | SH |  | DFND | 12 | 695616 | 0 | 0 |
| BARRICK MINING CORP | COMMON STOCK | 06849F108 |  | 3984823 | 191394 | SH |  | DFND | 12 | 191394 | 0 | 0 |
| ITAU UNIBANCO HOLDING SA | COMMON STOCK | 465562106 |  | 4459407 | 656761 | SH |  | DFND | 12 | 656761 | 0 | 0 |
| FREEPORT-MCMORAN INC | COMMON STOCK | 35671D857 |  | 4995263 | 115231 | SH |  | DFND | 12 | 115231 | 0 | 0 |
| HDFC BANK LTD | COMMON STOCK | 40415F101 |  | 5209113 | 67942 | SH |  | DFND | 12 | 67942 | 0 | 0 |
| ANGLOGOLD ASHANTI PLC | COMMON STOCK | G0378L100 |  | 11702831 | 256810 | SH |  | DFND | 12 | 256810 | 0 | 0 |
| ISHARES MSCI INDIA ETF | ETF | 46429B598 |  | 12029051 | 216039 | SH |  | DFND | 12 | 216039 | 0 | 0 |

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