Fiddich Review Centre
Alternative Investment

Ares Dynamic Credit Allocation Fund: Shrinking NAV, Distributions

The view from a helicopter on the famous Time Square in New York


The Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) is a closed-end fund that focuses on providing high income by investing in high yield bonds, senior loans, and CLO securities. While the fund pays an attractive 10.5% current yield, it appears to be paying

ARDC portfolio details

Figure 1 – ARDC portfolio details (

ARDC historical returns

Figure 2 – ARDC historical returns (

ARDC annual returns vs. high yield spreads

Figure 3 – ARDC annual returns vs. high yield credit spreads (Author created with returns from Morningstar and high yield spreads from St. Louis Fed)

ARDC financial summary

Figure 4 – ARDC financial summary (ARDC 2021 annual report)

ARDC historical distributions

Figure 5 – ARDC historical distributions (Seeking Alpha)

ARDC's share price and NAV have declined since inception

Figure 6 – ARDC’s share price and NAV have declined from inception (

Source link

Related posts

MassMutual dedicates additional $100M to invest in diverse, first-time fund managers – InsuranceNewsNet


Asset Owner Insights: PE falls out of favour in alternative asset allocation | Alternatives


Vegan cheese producer in Beban receives $32,000 funding


Leave a Comment