- CUSIP
- 67402M104
- Issuer
- Oaktree Fund Advisors
- Inception Date
- Nov 1, 2021
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Min. Investment
- $25,000
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ODIDX Performance Chart
Oaktree Diversified Income Fund Inc. Class D (ODIDX) is up 2.5% since the beginning of the year. ODIDX is currently trading at $9 per share.
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Returns By Period
Oaktree Diversified Income Fund Inc. Class D (ODIDX) has returned 2.47% so far this year and 5.58% over the past 12 months.
Oaktree Diversified Income Fund Inc. Class D
- 1D
- 0.11%
- 1M
- 0.23%
- 6M
- 1.90%
- YTD
- 2.47%
- 1Y
- 5.58%
- 3Y*
- 9.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.95%
Benchmark (S&P 500 Index)
- 1D
- 0.21%
- 1M
- 1.02%
- 6M
- 6.45%
- YTD
- 8.52%
- 1Y
- 16.26%
- 3Y*
- 17.48%
- 5Y*
- 10.95%
- 10Y*
- 13.08%
- ALL TIME*
- 8.07%
ODIDX Monthly Returns History
Based on dividend-adjusted daily data since Nov 1, 2021, ODIDX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 74% of months were positive and 26% were negative. The best month was Jan 2023 with a return of +3.0%, while the worst month was Jun 2022 at -5.1%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ODIDX closed higher 39% of trading days. The best single day was Jul 29, 2022 with a return of +0.7%, while the worst single day was Dec 22, 2022 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.44% | -0.11% | -0.62% | 1.59% | 0.56% | 0.25% | 0.34% | 2.47% | |||||
| 2025 | 1.09% | 0.65% | -0.52% | 0.11% | 1.22% | 1.13% | 1.11% | 0.88% | 0.68% | 0.22% | 0.44% | 0.68% | 7.94% |
| 2024 | 0.90% | 0.67% | 1.19% | 0.45% | 1.22% | 0.99% | 1.11% | 0.99% | 1.22% | 0.66% | 0.98% | 1.02% | 11.99% |
| 2023 | 3.03% | -0.00% | -0.43% | 1.03% | -0.11% | 1.67% | 1.37% | 0.56% | 0.43% | -0.11% | 2.05% | 1.89% | 11.91% |
| 2022 | -0.98% | -1.52% | 0.10% | -1.35% | -2.73% | -5.08% | 1.82% | 1.01% | -4.98% | 0.35% | 2.67% | -2.83% | -13.02% |
| 2021 | -1.20% | 0.84% | -0.37% |
Benchmark Metrics
Oaktree Diversified Income Fund Inc. Class D has an annualized alpha of 3.28%, beta of 0.06, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since November 01, 2021.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.21%) than losses (19.27%) - typical of diversified or defensive assets.
- Beta of 0.06 may look defensive, but with R2 of 0.11 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.11 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.28%
- Beta
- 0.06
- R²
- 0.11
- Upside Capture
- 20.21%
- Downside Capture
- 19.27%
Expense Ratio
ODIDX has a high expense ratio of 2.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ODIDX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Oaktree Diversified Income Fund Inc. Class D (ODIDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ODIDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 1.23 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 1.80 | +3.30 |
| Martin ratioReturn relative to average drawdown | 21.47 | 7.70 | +13.76 |
Dividends
Dividend History
Oaktree Diversified Income Fund Inc. Class D provided a 9.09% dividend yield over the last twelve months, with an annual payout of $0.80 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.84 | $0.77 | $0.70 | $0.07 | $0.01 |
Dividend yield | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Oaktree Diversified Income Fund Inc. Class D. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.41 | |||||
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.18 | $0.84 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.25 | $0.70 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2021 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Oaktree Diversified Income Fund Inc. Class D. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Oaktree Diversified Income Fund Inc. Class D was 13.71%, occurring on Oct 13, 2022. Recovery took 388 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.71%Oct 2022 | 11mo 8d | 1y 6mo | 2y 5moNov 2021 - May 2024 | Bear market2022 |
-2.29%Apr 2025 | 1mo 2d | 1mo 5d | 2mo 7dMar 2025 - May 2025 | 2025 selloff2025 |
-1.10%Mar 2026 | 1mo 1d | 25d | 1mo 26dFeb 2026 - Apr 2026 | — |
-0.52%Oct 2025 | 15d | 17d | 1mo 2dSep 2025 - Oct 2025 | — |
-0.44%Aug 2024 | 0s | 4d | 4dAug 2024 - Aug 2024 | — |
Drawdown Indicators
| ODIDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -56.78% | +43.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -9.10% | +8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.29% | -18.90% | +16.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.38% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -10.70% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 2.12% | -1.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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