Ares Dynamic Credit Allocation Fund, Inc.

Frequently Asked Questions About ARDC

What does ARDC invest in?

Ares Dynamic Credit Allocation Fund, Inc. operates as a closed-end mutual fund dedicated to fixed-income investments, initially launched by Ares Management LLC. Its investment management responsibilities are handled by Ares Capital Management II LLC. The fund strategically deploys capital across European fixed-income markets. Its holdings primarily consist of diverse debt instruments, including senior loans predominantly issued to companies with sub-investment grade credit ratings, high-yield corporate bonds also rated below investment grade, debt securities originating from Collateralized Loan Obligations (CLOs), and other various fixed-income products. The creation of its portfolio is driven by an in-depth evaluation of the global macroeconomic landscape, prevailing financial market dynamics, and specific company research and analysis. This fund was established on November 27, 2012, and is headquartered in the United States.

What is the expense ratio of ARDC?

An expense ratio for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is ARDC?

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) manages $300.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ARDC actively managed or an index fund?

ARDC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ARDC launched?

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) launched in November 2012 and is managed by the fund issuer.

How has ARDC performed?

ARDC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.