Ares Dynamic Credit Allocation Fund (ARDC)

Company Profile

Ares Dynamic Credit Allocation Fund, Inc. is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective.

Company profile

Ticker

ARDC

Exchange

NYSE

Website

www.arespublicfunds.com/funds/ardc/overview

CEO

Seth Brufsky

Location

California

Fiscal year end

Dec 31

Former names

Ares Senior Credit Strategies Fund, Inc.

SEC CIK

0001515324

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

IRS number

454969053

ARDC stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

N-CSRS

Certified semi-annual shareholder report (management investment company)

4 Sep 24

POS EX

Additional exhibits for listing

3 Sep 24

424B2

Prospectus for primary offering

3 Sep 24

N-PX

Annual report of proxy voting record

29 Aug 24

EFFECT

Notice of effectiveness

27 Aug 24

DEFA14A

Additional proxy soliciting materials

9 Apr 24

Annual report (registered investment company)

15 Mar 24

N-CSR

Certified annual shareholder report (management investment company)

6 Mar 24

N-CSRS

Certified semi-annual shareholder report (management investment company)

31 Aug 23

Latest ownership filings

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NPORT-P

Ares Dynamic Credit Allocation Fund, Inc. (Jun 2024 report)

Ares Dynamic Credit Allocation Fund, Inc. (Mar 2024 report)

23 May 24

NPORT-P

Ares Dynamic Credit Allocation Fund, Inc. (Dec 2023 report)

26 Feb 24

SC 13G/A

Apollo Management Holdings GP, LLC

14 Feb 24

NPORT-P

Ares Dynamic Credit Allocation Fund, Inc. (Sep 2023 report)

22 Nov 23

NPORT-P

Ares Dynamic Credit Allocation Fund, Inc. (Jun 2023 report)

PRINCIPAL LIFE INSURANCE CO

20 Jun 23

NPORT-P

Ares Dynamic Credit Allocation Fund, Inc. (Mar 2023 report)

26 May 23

Funds

Data from SEC filings

Series	Ticker	%Monthly Return ?			$Assets	#Holdings	As of
Ares Dynamic Credit Allocation Fund, Inc.	–	4.16	1.12	2.02	532.82 mm	264	Sep 2023

Institutional ownership, Q2 2024

ARDC institutional ownership history Ownership history

30.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	49	19	+157.9%
Opened positions	32	4	+700.0%
Closed positions	2	25	-92.0%
Increased positions	2	2	–
Reduced positions	5	4	+25.0%

13F shares	Current	Prev Q	Change
Total value	85.01 bn	15.34 bn	+454.2%
Total shares	6.93 mm	1.71 mm	+305.9%
Total puts	0.00	85.64 k	EXIT
Total calls	0.00	0.00
Total put/call ratio	–	Infinity	–

Largest owners	Shares	Value	Change
WFC Wells Fargo & Company	1.33 mm	$19.76 bn	NEW
First Trust Portfolios	628.60 k	$0.00	0.0%
CNS Cohen & Steers	593.69 k	$8.84 mm	NEW
Guggenheim Capital	499.73 k	$7.44 bn	NEW
MS Morgan Stanley	400.56 k	$5.96 bn	NEW
Advisors Asset Management	330.83 k	$4.93 bn	NEW
United Advisor	307.43 k	$4.58 bn	NEW
SF Stifel Financial	300.99 k	$4.48 bn	NEW
Foundations Investment Advisors	288.20 k	$4.29 bn	NEW
Hennion & Walsh Asset Management	251.85 k	$3.75 bn	-11.3%

Largest transactions	Shares	Bought/sold	Change
WFC Wells Fargo & Company	1.33 mm	+1.33 mm	NEW
CNS Cohen & Steers	593.69 k	+593.69 k	NEW
Guggenheim Capital	499.73 k	+499.73 k	NEW
MS Morgan Stanley	400.56 k	+400.56 k	NEW
Advisors Asset Management	330.83 k	+330.83 k	NEW
United Advisor	307.43 k	+307.43 k	NEW
SF Stifel Financial	300.99 k	+300.99 k	NEW
Foundations Investment Advisors	288.20 k	+288.20 k	NEW
IVZ Invesco	216.22 k	+216.22 k	NEW
BAC Bank of America	211.20 k	+211.20 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ARDC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 May 24	John Joseph Shaw	Common Stock	Sell	Dispose S	Yes	No	14.1791	2,099	29.76 k	10,000
24 May 24	John Joseph Shaw	Common Stock	Sell	Dispose S	Yes	No	14.1791	2,025	28.71 k	12,099
23 May 24	John Joseph Shaw	Common Stock	Sell	Dispose S	Yes	No	14.0921	7,901	111.34 k	14,124
23 May 24	John Joseph Shaw	Common Stock	Sell	Dispose S	Yes	No	14.0921	7,975	112.38 k	22,025
17 Aug 23	John Joseph Shaw	Common Stock	Sell	Dispose S	Yes	No	12.801	20,715.73	265.18 k	30,000
16 Aug 23	John Joseph Shaw	Common Stock	Sell	Dispose S	Yes	No	12.85	9,286	119.33 k	50,715.73

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

24 Oct 24

NEW YORK, NY / ACCESSWIRE / October 24, 2024 / 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 September

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

11 Oct 24

NEW YORK, NY / ACCESSWIRE / October 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of October 2024 of $0.1175 per

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

24 Sep 24

NEW YORK, NY / ACCESSWIRE / September 24, 2024 / 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 August

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

24 Sep 24

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

10 Sep 24