Oaktree Diversified Income Fund Inc.
ODIDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY United States of America
- IPO Date
- Nov 1, 2021
- Website
- privatewealth.brookfield.com
- Similar Companies
- Business
- Oaktree Diversified Income Fund Inc. (ODIDX) is a diversified, closed-end management investment company operated as an interval fund that seeks current income and attractive total return by investing primarily in high-conviction opportunities across its adviser's performing credit platform. The Fund offers four classes of shares—Class A (ODIAX), Class D (ODIDX), Class T (ODITX), and Class U (ODIUX)—with investments focused on high-yield bonds (also known as below-investment-grade or junk bonds), senior loans including covenant-lite loans, structured credit such as collateralized loan obligations (CLOs), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS) and other asset-based securities, emerging markets debt, and convertibles; these span public securities of sector companies and private corporate credit instruments across the liquidity spectrum, with at least 80% of net assets plus borrowings allocated to credit-related investments including fixed income securities, floating rate securities, derivatives like futures, forwards, options, credit default swaps, and total return swaps, as well as sovereign and quasi-sovereign debt denominated in U.S. dollars or foreign currencies. As of October 31, 2025, the portfolio emphasizes senior loans (27%), private credit (26%), high-yield bonds (19%), corporate structured debt (17%), real estate debt (7%), and emerging markets (3%), with top industries including software (8%), health care providers and services (6%), hotels, restaurants and leisure (4%), and commercial services and supplies (4%); geographic exposure is concentrated in North America (74%), Europe ex-UK (16%), UK (4%), Asia ex-Japan (3%), South America (2%), and Africa (1%). The Fund intends to employ leverage through borrowings such as bank loans and credit facilities, targeting a short average portfolio duration of 1.5 to 3 years while opportunistically allocating capital based on relative value assessments from bottom-up proprietary research. The Fund conducts quarterly repurchase offers for 5% to 25% of outstanding shares at net asset value, with a 2026 repurchase calendar in place, and declares monthly distributions from net investment income—such as $0.2126 per share payable September 25, 2025, $0.2131 per share payable June 26, 2025, and $0.2321 per share payable March 27, 2025—which may include return of capital if exceeding income. Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P. (OCM) headquartered at 333 South Grand Avenue, 28th Floor, Los Angeles, California, serves as investment adviser, with OCM managing approximately $202 billion in assets as of December 31, 2024 across credit, private equity, real assets, and listed equities; portfolio management is led by Bruce Karsh, with Wayne Dahl, Armen Panossian, Danielle Poli, and David Rosenberg. Incorporated in 2021 with initial operations commencing November 1, 2021, and legal address c/o CSC-Lawyers Incorporating Service Company, 7 St. Paul Street, Suite 820, Baltimore, Maryland 21202, the Fund targets retail and institutional investors seeking alternative income opportunities in less efficient credit markets globally, including emerging markets. In October 2025, Brookfield Asset Management announced an agreement to acquire the remaining interest in Oaktree Capital Management from Brookfield Corporation, enhancing operational integration across their credit and alternative asset platforms following Brookfield's 2019 majority stake acquisition; this transaction, valued at $3 billion with Brookfield Asset Management and Brookfield Corporation funding $1.6 billion and $1.4 billion respectively, includes incremental 26% interests in Oaktree's fee-related earnings, carried interest, and balance sheet investments, supporting expanded private credit capabilities and $2.8 billion in combined fee-related earnings over the prior twelve months. The Fund's prospectus was updated April 30, 2025, reaffirming its strategies amid ongoing quarterly repurchases and distribution payments through 2025, with no reported acquisitions, funding rounds, or product launches specific to the Fund itself in the last 1-2 years. Brookfield Public Securities Group LLC serves as administrator, with Quasar Distributors, LLC as principal underwriter on a best-efforts basis.