So investiert der Oaktree (Lux.) Funds - Oaktree European Convertible Bond Fund I EUR acc Fonds: The investment objective of the Sub-Fund is to obtain an attractive total return from a combination of current income and capital appreciation by investing primarily in a diversified portfolio of European convertible bonds and on an ancillary basis in Russian convertible bonds. The Sub-Fund is actively managed with reference to a benchmark Thomson Reuters CV Europe Focus. The Investment Manager has an ample degree of freedom to deviate from the benchmark.. There is no requirement that any security be rated “investment grade” by any rating agency. To achieve this objective, the Sub-Fund will seek to invest in a diversified portfolio of convertible bonds which individually, and therefore collectively, may capture a higher percentage of their underlying stocks’ gains than the percentage losses that they will reflect. The Sub-Fund may invest up to 10% of its NAV in Distressed Securities. The Sub-Fund may use derivatives for hedging purposes.