ARDC
Are Dynamic Credit Allocation FundARDC
ARDC
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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
100% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 9
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
1% more capital invested
Capital invested by funds: $95.3M [Q3] → $96.2M (+$820K) [Q4]
0.54% more ownership
Funds ownership: 27.22% [Q3] → 27.76% (+0.54%) [Q4]
4% less funds holding
Funds holding: 49 [Q3] → 47 (-2) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for ARDC.
Financial journalist opinion
Based on 7 articles about ARDC published over the past 30 days
Positive
Seeking Alpha
3 days ago
5 Best CEFs This Month For Yields Up To 15% (April 2025)
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500closed-end funds.
Neutral
Accesswire
3 days ago
Month-End Portfolio Data Now Available For Ares Dynamic Credit Allocation Fund, Inc.
NEW YORK, NY / ACCESS Newswire / April 25, 2025 / 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 March 31, 2025 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.
Neutral
Seeking Alpha
1 week ago
CEF Weekly Review: Are We In Another CEF Deleveraging Wave?
We review the CEF market valuation and performance through the second week of April and highlight recent market action. CEF sector returns were mixed, with muni sectors underperforming and equity-linked sectors finishing in the green, opposite to the previous week. Despite recent volatility, CEF discounts have recovered somewhat and remain on the wider side of the recent range; the market has weathered the situation relatively well.
Positive
Seeking Alpha
1 week ago
ARDC: We're Back In This Multi-Sector Credit CEF
Recent market volatility has made the Ares Dynamic Credit Allocation Fund more attractive, with a current yield of 10.6% and an 8.4% discount. ARDC's portfolio includes loans, corporate bonds, and CLO securities, with a focus on Energy and Technology sectors, and minimal CCC-rated securities. ARDC's use of fixed-rate preferreds for half its borrowings at 2.81% interest provides a significant yield advantage over other credit CEFs.
Neutral
Seeking Alpha
2 weeks ago
Word Of The Week: 'Capitulation'
Concerns about "capitulation" seem more appropriate to equity than to credit investing, given the wider swings - up and down - inherent in stocks. Credit investing has more of a floor under the risk we are taking, even after you factor in the likelihood of occasional defaults. Fortunately, we have lots of data through economic cycles and market crashes of all types, to help us model credit investing outcomes.
Neutral
Seeking Alpha
2 weeks ago
CEF Weekly Review: BlackRock Resets Its Tender Offers
We review the CEF market valuation and performance through the first week of April and highlight recent market action. Nearly all CEF sectors were down; Munis and Agencies saw gains due to the sharp drop in Treasury yields. BlackRock announced new CEF tender offers starting mid-April, impacting funds like BOE, BCX, BGY, BSTZ, and MVF, with a 2.5% share buyback at a 2% discount.
Neutral
Accesswire
2 weeks ago
Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1125 per Share
NEW YORK, NY / ACCESS Newswire / April 11, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of April 2025 of $0.1125 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: April 21, 2025Record Date: April 21, 2025Payable Date: April 30, 2025Per Share Amount: $0.1125 Based on the Fund's current share price of $12.81 (as of its close on April 10, 2025), the distribution represents an annualized distribution rate of approximately 10.54% (calculated by annualizing the distribution amount and dividing it by the current price).
Neutral
Accesswire
1 month ago
Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.
NEW YORK, NY / ACCESS Newswire / March 25, 2025 / 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 February 28, 2025 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.
Neutral
Accesswire
1 month ago
Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1125 per Share
NEW YORK, NY / ACCESS Newswire / March 11, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of March 2025 of $0.1125 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: March 21, 2025Record Date: March 21, 2025Payable Date: March 31, 2025Per Share Amount: $0.1125 Based on the Fund's current share price of $14.15 (as of its close on March 10, 2025), the distribution represents an annualized distribution rate of approximately 9.54% (calculated by annualizing the distribution amount and dividing it by the current price).
Positive
Seeking Alpha
1 month ago
ARDC: High-Yield Fund, Fully Covered Distribution, Yielding 9.5% Plus, But There Are Risks
Ares Dynamic Credit Allocation Fund is a dynamically managed high-yield fixed-income fund that focuses on generating high current income. Its investment portfolio consists of floating-rate bank loans, high-yield bonds, and CLO securities. ARDC currently offers a very attractive and fully covered 9.5% plus distribution yield and is currently trading at a small discount of roughly -4.3%. However, there are some risks involved depending on the direction of interest rates. The fund is fairly priced after the premium has moved to a discount in recent weeks, but it can still get cheaper from current levels.
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