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Ares Dynamic Credit Allocation Fund (ARDC)

Taxable Bond Funds - Loan Participation

Data as of Sept. 29, 2023
Market Price $12.90 (+ $0.12)
NAV (Sept. 29, 2023) $14.05 (+ $0.02)
Fund Listed NYSE
Premium / Discount -8.19% (+0.72%)
Fund Info
Inception Nov. 28, 2012
Sponsor Ares Capital Management
Website https://arespublicfund...
Phone (310) 201-4100
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
Taxable Bond & BDC Index
US Bond Index
Capital & Leverage
Outstanding Shares 22,915,000
Total Assets (Reported: June 30, 2023) $544M
Estimated Total Assets $503M
Net Assets $322M
Market Cap $296M
Portfolio Turnover 51.20%
Total Leverage 36.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.85%
Non Lev Exp Ratio 2.44%
Rel Lev Cost 3.89%
Discount Data
Average Discount (3 Yr) -9.05%
Discount Low(3 Yr) -15.75%
Discount High(3 Yr) -0.90%
Discount Rel Range (3 Yr) 50.93%
Comp Discount 0.53
Discount St Dev (1Yr) 1.61
Z-Stat (6mo) 1.91
Z-Stat (1Yr) 1.98
Z-Stat (3Yr) 0.23
Comp Z-Stat (6mo) 0.74
Comp Z-Stat (3Yr) 0.42
Distribution Data
Market Yield 10.93%
Income Yield 10.93%
Lev Adj NAV Yield 7.38%
Distribution Frequency M
Current Distribution $0.118
Current Income $0.118
Ex-Date 9/20/23
Payable Date 9/29/23
Div Growth (3yr) 20.51%
Dividend Change 4.4% on 9/11/23
Expected Div 10/11/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $1,126
Avg Volume 30 day 97,814
Avg Volume 90 day 87,307
Volume Trend 12.03%
Comp Volume Trend 7.27%
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): JRO 85.0%
NAV - Price Correlation (30 d) 13.9%
NAV - Price Correlation (90 d) 88.7%
NAV - Price Correlation (1 Yr) 90.4%
Price St Dev (1Yr) 13.5%
NAV St Dev (1Yr) 5.5%
Earnings / Share (6/30/23) $0.119
Earn Coverage 101.53%
Earnings Trend Up
UNII / Share (6/30/23) $0.466
Rel UNII 33.04
UNII Trend Up
Bond Specific Data
Maturity 6.24
Duration 1.13
Credit Rating (rbo) BB
Investment Grade 10.00%
Non Investment Grade 81.80%
Unrated Bonds 8.20%
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 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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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