ARDC

Are Dynamic Credit Allocation Fund
ARDC

$15.13

0.79%

Market Cap: $347M

About: Ares Dynamic Credit Allocation Fund Inc is a closed-ended, diversified management investment company. The fund's investment objective is to provide an attractive level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives; and securities of collateralized loan obligations (CLOs).

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

4% more funds holding

Funds holding: 46 [Q1] → 48 (+2) [Q2]

2% more capital invested

Capital invested by funds: $92.2M [Q1] → $93.8M (+$1.6M) [Q2]

0.78% less ownership

Funds ownership: 28.28% [Q1] → 27.5% (-0.78%) [Q2]

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

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Research analyst outlook

We haven’t received any recent analyst ratings for ARDC.

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Financial journalist opinion

Based on 3 articles about ARDC published over the past 30 days

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of September 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: September 20, 2024Record Date: September 20, 2024Payable Date: September 30, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $15.40 (as of its close on September 9, 2024), the distribution represents an annualized distribution rate of approximately 9.16% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

ARDC: CEF With 9.2% Yield, But Expensive

Ares Dynamic Credit Allocation Fund is a closed-ended fixed income fund managed by Ares Management LLC, primarily investing in below investment grade U.S. securities. ARDC is currently trading at a 4.5% premium to its NAV, making it less attractive for purchase at this time. The fund offers a 9.2% yield, but past yields were higher when the price was lower, making future gains and distributions uncertain.

ARDC: CEF With 9.2% Yield, But Expensive

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

NEW YORK, NY / ACCESSWIRE / August 26, 2024 / Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) as of July 31, 2024 is now available via www.arespublicfunds.com. About Ares Dynamic Credit Allocation Fund, Inc. Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation.

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of August 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: August 20, 2024Record Date: August 20, 2024Payable Date: August 30, 2024Per Share Amount: $0.1175 Based on the Fund's current share price of $14.69 (as of its close on August 8, 2024), the distribution represents an annualized distribution rate of approximately 9.60% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

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Month-End Portfolio Data Now Available For Ares Dynamic Credit Allocation Fund, Inc.

NEW YORK, NY / ACCESSWIRE / July 25, 2024 / Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) as of June 30, 2024 is now available via www.arespublicfunds.com. About Ares Dynamic Credit Allocation Fund, Inc. Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation.

Month-End Portfolio Data Now Available For Ares Dynamic Credit Allocation Fund, Inc.

ARDC: 12% Yield, Outperforming Monthly Payer

Income investors are eyeing high-yield fixed income vehicles with interest rates potentially declining in 2024. Ares Dynamic Credit Allocation Fund offers attractive total return through current income and capital appreciation, investing primarily in senior loans and corporate bonds. ARDC pays monthly distributions with a 12.08% yield, has outperformed its industry and the S&P 500, and is currently trading at a premium to NAV.

ARDC: 12% Yield, Outperforming Monthly Payer

ARDC: Solid Income Fund But Trades At A Historical Premium

Ares Dynamic Credit Allocation Fund (ARDC) invests in a portfolio of different high yielding assets like bonds, loans, and CLOs. ARDC offers a 9.4% dividend yield and has shown a consistent distribution history, making it attractive for income investors. ARDC's portfolio benefits from floating rate investments and senior secured debt.

ARDC: Solid Income Fund But Trades At A Historical Premium

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 per Share

NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of July 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: July 22, 2024 Record Date: July 22, 2024 Payable Date: July 31, 2024 Per Share Amount: $0.1175 Based on the Fund's current share price of $15.17 (as of its close on July 10, 2024), the distribution represents an annualized distribution rate of approximately 9.29% (calculated by annualizing the distribution amount and dividing it by the current price).

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 per Share

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