Oaktree (Lux) Funds - Oaktree European High Yield Bond Fund I EUR inc

The investment objective of the Sub-Fund is to achieve superior risk-adjusted returns by investing primarily in high yield bonds issued by European issuers and on an ancillary basis in high yield bonds denominated in European currencies issued by North American issuers. The Sub-Fund is actively managed with reference to the benchmark ICE BofAML Global HY European Iss. Non-Fin. Excl. Russia (TR) (EUR-H). While the Sub-Fund has a reference benchmark, it is actively managed by implementing the investment philosophy and process described in this section. The Investment Manager has an ample degree of freedom to deviate from the benchmark. The Sub-Fund may invest up to 10% of its NAV in Distressed Securities. In addition, the Sub-Fund may invest in WBS on an ancillary basis. The Sub-Fund may use derivatives for hedging purposes.