Are Dynamic Credit Allocation FundARDC
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).
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 48 [Q2] → 48 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
5% less capital invested
Capital invested by funds: $99.8M [Q2] → $95.2M (-$4.62M) [Q3]
2.07% less ownership
Funds ownership: 29.25% [Q2] → 27.18% (-2.07%) [Q3]
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
Research analyst outlook
We haven’t received any recent analyst ratings for ARDC.