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 7,398 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 3 articles about ARDC published over the past 30 days
Neutral
Accesswire
1 week 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
3 weeks 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
3 weeks 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.
Neutral
Accesswire
1 month ago
Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc
NEW YORK, NY / ACCESS Newswire / February 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 January 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.
Positive
Seeking Alpha
1 month ago
CEF Weekly Review: Tender Offers Keep Generating Alpha
We review the CEF market valuation and performance through the second week of February and highlight recent market action. Most CEF sectors rose, driven by tighter credit spreads and higher stocks, with EM Equity and Preferreds leading month-to-date gains. Virtus Total Return Fund's tender offer resulted in a high 31% pro-ration factor, generating a 6% annualized alpha, highlighting its generous buy-back terms.
Neutral
Accesswire
1 month ago
Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1125 per Share
NEW YORK, NY / ACCESS Newswire / February 12, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of February 2025 of $0.1125 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: February 24, 2025Record Date: February 24, 2025Payable Date: March 4, 2025Per Share Amount: $0.1125 "Given the change in spreads and reduction in market rates, the management team and board believe the amended dividend enhances the future stability of distributions for the fund," said David A.
Neutral
Accesswire
2 months ago
Month-End Portfolio Data Now Available For Ares Dynamic Credit Allocation Fund, Inc.
NEW YORK, NY / ACCESS Newswire / January 24, 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 December 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.
Neutral
Seeking Alpha
2 months ago
ARDC: 2 Possible Outcomes For This CEF In 2025 (Downgrade)
Ares Dynamic Credit Allocation Fund offers a 9.2% dividend yield but carries high risk due to its heavy exposure to below investment grade debt and distribution volatility. The fund's performance is highly dependent on interest rate movements, with potential benefits from rate cuts but significant risks if rates remain high. ARDC's use of leverage amplifies both potential returns and risks, particularly in a high-interest-rate environment.
Neutral
Accesswire
2 months ago
Ares Dynamic Credit Allocation Fund Declares A Monthly Distribution of $0.1175 per Share
NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of January 2025 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: January 21, 2025Record Date: January 21, 2025Payable Date: January 31, 2025Per Share Amount: $0.1175 Based on the Fund's current share price of $15.25 (as of its close on January 9, 2025), the distribution represents an annualized distribution rate of approximately 9.25% (calculated by annualizing the distribution amount and dividing it by the current price).
Neutral
Seeking Alpha
2 months ago
ARDC: This Well-Liked Fund Looks Overpriced Right Now (Rating Downgrade)
The Ares Dynamic Credit Allocation Fund has delivered a 26.40% total return over the past three years, outperforming domestic investment-grade and junk bonds. The fund's 9.25% yield is attractive compared to domestic bond indices but lower than many peer closed-end funds due to recent share price performance. The fund's high allocation to floating-rate securities could be detrimental if the Federal Reserve continues to reduce interest rates, impacting its income.
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