Ares Dynamic Credit Allocation Fund

The Fund normally invests at least 80% of Managed Assets in (i) Senior Loans and investments with similar economic characteristics (such as second lien loans and unsecured loans) and (ii) Corporate Bonds. The Fund expects initially that almost all of the Senior Loans and Corporate Bonds in which it will invest will be rated below investment grade. Corporate Bonds rated below investment grade are often referred to as "high yield" securities. Under normal market conditions, the Fund expects to invest up to 20% of its Managed Assets in CLOs.

Key stats

Management firm  Ares Capital Corporation
Domicile  United States
Global Branding Name  Ares
12 month yield  6.89%
Fund currency  USD
Launch Date  2012-11-28
ISIN  US04014F1021
Manager 1 Name  Keith Ashton
Manager 2 Name  Seth Brufsky
Fund Strategy  Bank Loan
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-03-31
Return - 1 Month  0.55%
Return - 2 Months  1.61 %
Return - 3 Months  2.32%
Return - 6 Months  5.48 %
Return - 9 months  8.94 %
Return - 12 Months  8.08%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  9.19%
Return YTD  2.32%

Charges

Initial  0.00 %
Maximum Managment Charge  1.50 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  280 Park Avenue, 22nd Floor
Contact Address 2  Building East
Contact Address 3  New York NY 10017
Contact city  New York
Contact country  United States
Fund Admin Group  Ares Capital Corporation
Web Address  www.aresmgmt.com
Custodian  State Street Bank & Trust Co

Price

Last Price Date  2014-04-17
Pre-tax nav  18.15
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.09
Price change (percentage)  0.50 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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