CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Ares Dynamic Credit Allocation Fund (ARDC)

Taxable Bond Funds - Loan Participation

Data as of Nov. 26, 2021
Market Price $15.85 (- $0.13)
NAV (Nov. 26, 2021) $16.48 (- $0.08)
Premium / Discount -3.82% (-0.32%)
Fund Info
Inception Nov. 28, 2012
Sponsor Ares Capital Management
Website www.arespublicfunds.co...
Phone (310) 201-4100
Location California
Incorporated Maryland
Staggered Board Yes
Objective: Attractive total return, primarily through current income
Related Indexes
60/40 Balanced (w/ BDCs) Index
Capital & Leverage
Outstanding Shares 22,914,939
Total Assets (Reported: June 30, 2021) $581M
Estimated Total Assets $568M
Net Assets $378M
Market Cap $363M
Portfolio Turnover 46.26%
Total Leverage 33.57%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.66%
Non Lev Exp Ratio 2.14%
Rel Lev Cost 1.02%
Discount Data
Average Discount (3 Yr) -10.56%
Discount Low(3 Yr) -35.90%
Discount High(3 Yr) -0.90%
Discount Rel Range 91.64%
Comp Discount -2.41
Discount St Dev (1Yr) 3.60
Z-Stat (6mo) -0.69
Z-Stat (1Yr) 0.63
Z-Stat (3Yr) 1.54
Comp Z-Stat (6mo) -1.36
Comp Z-Stat (3Yr) -0.17
Distribution Data
Market Yield 7.38%
Income Yield 7.38%
Lev Adj NAV Yield 5.32%
Distribution Frequency M
Current Distribution $0.098
Current Income $0.098
Ex-Date 11/19/21
Payable Date 11/30/21
Div Growth (3yr) -9.30%
Dividend Change -9.3% on 4/9/20
Expected Div 12/10/21
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2020
Income 100%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $1,319
Avg Volume 30 day 72,795
Avg Volume 90 day 83,236
Volume Trend -12.54%
Comp Volume Trend -8.88%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): NSL 45.0%
NAV - Price Correlation (30 d) 80.3%
NAV - Price Correlation (90 d) 69.1%
NAV - Price Correlation (1 Yr) 93.3%
Price St Dev (1Yr) 9.2%
NAV St Dev (1Yr) 3.2%
Earnings / Share (6/30/21) $0.096
Earn Coverage 98.05%
Earnings Trend Down
UNII / Share (6/30/21) $0.201
Rel UNII 17.21
UNII Trend Down
Bond Specific Data
Maturity 7.39
Duration 1.94
Credit Rating (rbo) B
Investment Grade 3.50%
Non Investment Grade 86.19%
Unrated Bonds 10.32%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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