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Ares Dynamic Credit Allocation Fund (ARDC)

Taxable Bond Funds - Loan Participation

Data as of Nov. 8, 2024
Current
Market Price $15.10 (+ $0.07)
NAV (Nov. 8, 2024) $14.85 (+ $0.03)
Fund Listed NYSE
Premium / Discount 1.68% (+0.27%)
Fund Info
Inception Nov. 28, 2012
Sponsor Ares Capital Management
Website https://arespublicfund...
Phone (310) 201-4100
NAV Symbol XADCX
Location California
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Attractive total return, primarily through current income
Related Indexes
60/40 Balanced (w/ BDCs) Index
US Bond Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 22,900,000
Total Assets (Reported: June 30, 2024) $548M
Estimated Total Assets $559M
Net Assets $340M
Market Cap $346M
Portfolio Turnover 27.30%
Total Leverage 39.13%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.90%
Non Lev Exp Ratio 2.33%
Rel Lev Cost 4.04%
Discount Data
Average Discount (3 Yr) -7.39%
Discount Low(3 Yr) -15.49%
Discount High(3 Yr) 4.68%
Discount Rel Range (3 Yr) 85.13%
Comp Discount 3.07
Discount St Dev (1Yr) 4.31
Z-Stat
Z-Stat (6mo) 0.01
Z-Stat (1Yr) 0.87
Z-Stat (3Yr) 1.79
Comp Z-Stat (6mo) -0.62
Comp Z-Stat (3Yr) 0.62
Distribution Data
Market Yield 9.34%
Income Yield 9.34%
Lev Adj NAV Yield 6.82%
Distribution Frequency M
Current Distribution $0.118
Current Income $0.118
Ex-Date 10/21/24
Payable Date 10/31/24
Div Growth (3yr) 20.51%
Dividend Change 4.4% on 9/11/23
Expected Div 11/11/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $1,267
Avg Volume 30 day 70,099
Avg Volume 90 day 83,939
Volume Trend -16.49%
Comp Volume Trend -7.59%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
28.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
36.0%
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
48.0%
Most Correlated Peer (Mk Pr): BGX 44.0%
NAV - Price Correlation (30 d) 70.1%
NAV - Price Correlation (90 d) 18.4%
NAV - Price Correlation (1 Yr) 89.3%
Price St Dev (1Yr) 12.1%
NAV St Dev (1Yr) 3.5%
Earnings
Earnings / Share (6/30/24) $0.127
Earn Coverage 108.43%
Earnings Trend Up
UNII / Share (6/30/24) $0.757
Rel UNII 53.67
UNII Trend Up
Bond Specific Data
Maturity 6.74
Duration 1.05
Credit Rating (rbo) BB
Investment Grade 10.97%
Non Investment Grade 77.18%
Unrated Bonds 11.86%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.22
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.34
NAV Beta (2yr)
vs. CEFA's Senior Loan Index
0.56

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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.

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