Ares Dynamic Credit Allocation Fund, Inc.
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.7%
1 yr return
6.1%
3 Yr Avg Return
-4.1%
5 Yr Avg Return
-2.2%
Net Assets
$338 M
Holdings in Top 10
16.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.82%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.03%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XADCX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return -4.1%
- 5 Yr Annualized Total Return -2.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 7.60%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAres Dynamic Credit Allocation Fund, Inc.
-
Fund Family NameAres Capital Corp
-
Inception DateNov 28, 2012
-
Shares Outstanding22915000
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKeith Ashton
Fund Description
XADCX - Performance
Return Ranking - Trailing
Period | XADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -3.5% | 10.0% | 94.76% |
1 Yr | 6.1% | -3.4% | 14.8% | 94.38% |
3 Yr | -4.1%* | -7.1% | 8.3% | 96.90% |
5 Yr | -2.2%* | -6.4% | 38.1% | 95.38% |
10 Yr | 1.1%* | -2.2% | 19.6% | 94.02% |
* Annualized
Return Ranking - Calendar
Period | XADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.4% | -12.0% | 11.1% | 2.25% |
2022 | -19.3% | -22.9% | 5.1% | 98.08% |
2021 | 2.8% | -12.2% | 11.1% | 9.06% |
2020 | -5.1% | -14.1% | 289.8% | 81.97% |
2019 | 4.0% | -8.1% | 7.5% | 10.97% |
Total Return Ranking - Trailing
Period | XADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -3.5% | 10.0% | 94.76% |
1 Yr | 6.1% | -3.4% | 14.8% | 94.38% |
3 Yr | -4.1%* | -7.1% | 8.3% | 96.90% |
5 Yr | -2.2%* | -6.4% | 38.1% | 95.38% |
10 Yr | 1.1%* | -2.2% | 19.6% | 94.02% |
* Annualized
Total Return Ranking - Calendar
Period | XADCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.4% | -12.0% | 22.1% | 94.01% |
2022 | -19.3% | -22.9% | 5.1% | 99.62% |
2021 | 2.8% | -10.2% | 11.1% | 90.94% |
2020 | -5.1% | -14.1% | 306.9% | 95.08% |
2019 | 8.0% | -3.6% | 10.5% | 41.77% |
NAV & Total Return History
XADCX - Holdings
Concentration Analysis
XADCX | Category Low | Category High | XADCX % Rank | |
---|---|---|---|---|
Net Assets | 338 M | 29.9 M | 13.5 B | 68.20% |
Number of Holdings | 250 | 2 | 1977 | 75.29% |
Net Assets in Top 10 | 59.5 M | -191 M | 2.37 B | 64.48% |
Weighting of Top 10 | 16.29% | 5.2% | 100.7% | 34.88% |
Top 10 Holdings
- TransDigm, Inc. 8% 8% 1.85%
- Belo Corp. 7.25% 7.25% 1.84%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
- BCP V MODULAR SERV HOLD IV LTD 1.75%
Asset Allocation
Weighting | Return Low | Return High | XADCX % Rank | |
---|---|---|---|---|
Bonds | 150.90% | 0.00% | 161.82% | 0.77% |
Cash | 1.23% | -61.90% | 16.36% | 68.73% |
Convertible Bonds | 0.26% | 0.00% | 5.51% | 15.18% |
Stocks | 0.00% | 0.00% | 100.74% | 94.21% |
Preferred Stocks | 0.00% | -3.99% | 7.30% | 61.00% |
Other | -52.39% | -52.39% | 34.87% | 100.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XADCX % Rank | |
---|---|---|---|---|
Corporate | 64.40% | 0.00% | 99.80% | 97.28% |
Securitized | 34.80% | 0.00% | 91.68% | 1.56% |
Cash & Equivalents | 0.80% | 0.00% | 25.03% | 67.95% |
Derivative | 0.00% | -10.96% | 0.59% | 64.48% |
Municipal | 0.00% | 0.00% | 0.47% | 44.36% |
Government | 0.00% | 0.00% | 3.18% | 54.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XADCX % Rank | |
---|---|---|---|---|
US | 117.03% | 0.00% | 123.41% | 3.47% |
Non US | 33.87% | 0.00% | 63.23% | 3.86% |
XADCX - Expenses
Operational Fees
XADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.82% | 0.03% | 5.51% | 6.77% |
Management Fee | 1.00% | 0.00% | 1.89% | 89.47% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
XADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XADCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 76.03% | 4.00% | 180.00% | 64.34% |
XADCX - Distributions
Dividend Yield Analysis
XADCX | Category Low | Category High | XADCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.13% | 95.88% |
Dividend Distribution Analysis
XADCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XADCX | Category Low | Category High | XADCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 7.60% | 1.77% | 9.82% | 0.78% |
Capital Gain Distribution Analysis
XADCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 18, 2019 | $0.108 | OrdinaryDividend |
May 21, 2019 | $0.108 | OrdinaryDividend |
Apr 18, 2019 | $0.108 | OrdinaryDividend |
Mar 19, 2019 | $0.108 | OrdinaryDividend |
Feb 19, 2019 | $0.108 | OrdinaryDividend |
Jan 18, 2019 | $0.108 | OrdinaryDividend |
Dec 19, 2018 | $0.108 | OrdinaryDividend |
Nov 19, 2018 | $0.108 | OrdinaryDividend |
Oct 19, 2018 | $0.108 | OrdinaryDividend |
Sep 19, 2018 | $0.108 | OrdinaryDividend |
Aug 22, 2018 | $0.108 | OrdinaryDividend |
Jul 20, 2018 | $0.108 | OrdinaryDividend |
Jun 20, 2018 | $0.108 | OrdinaryDividend |
May 23, 2018 | $0.108 | OrdinaryDividend |
Apr 20, 2018 | $0.108 | OrdinaryDividend |
Mar 21, 2018 | $0.108 | OrdinaryDividend |
Feb 21, 2018 | $0.108 | OrdinaryDividend |
Jan 19, 2018 | $0.108 | OrdinaryDividend |
Dec 20, 2017 | $0.105 | OrdinaryDividend |
Nov 21, 2017 | $0.105 | OrdinaryDividend |
Oct 20, 2017 | $0.105 | OrdinaryDividend |
Sep 20, 2017 | $0.105 | OrdinaryDividend |
Aug 22, 2017 | $0.105 | OrdinaryDividend |
Jul 20, 2017 | $0.105 | OrdinaryDividend |
Jun 20, 2017 | $0.103 | OrdinaryDividend |
May 23, 2017 | $0.103 | OrdinaryDividend |
Apr 25, 2017 | $0.103 | OrdinaryDividend |
Mar 21, 2017 | $0.103 | OrdinaryDividend |
Feb 21, 2017 | $0.103 | OrdinaryDividend |
Jan 19, 2017 | $0.103 | OrdinaryDividend |
Dec 20, 2016 | $0.103 | OrdinaryDividend |
Nov 21, 2016 | $0.103 | OrdinaryDividend |
Oct 19, 2016 | $0.103 | OrdinaryDividend |
Sep 20, 2016 | $0.103 | OrdinaryDividend |
Aug 16, 2016 | $0.103 | OrdinaryDividend |
Jul 21, 2016 | $0.103 | OrdinaryDividend |
Jun 21, 2016 | $0.110 | OrdinaryDividend |
May 17, 2016 | $0.110 | OrdinaryDividend |
Apr 19, 2016 | $0.110 | OrdinaryDividend |
Mar 15, 2016 | $0.110 | OrdinaryDividend |
Feb 16, 2016 | $0.110 | OrdinaryDividend |
Jan 21, 2016 | $0.110 | OrdinaryDividend |
Dec 15, 2015 | $0.117 | OrdinaryDividend |
Nov 17, 2015 | $0.117 | OrdinaryDividend |
Oct 22, 2015 | $0.117 | OrdinaryDividend |
Sep 17, 2015 | $0.117 | OrdinaryDividend |
Aug 19, 2015 | $0.117 | OrdinaryDividend |
Jul 21, 2015 | $0.117 | OrdinaryDividend |
Jun 16, 2015 | $0.117 | OrdinaryDividend |
May 19, 2015 | $0.117 | OrdinaryDividend |
Apr 21, 2015 | $0.117 | OrdinaryDividend |
Mar 17, 2015 | $0.117 | OrdinaryDividend |
Feb 17, 2015 | $0.117 | OrdinaryDividend |
Jan 20, 2015 | $0.117 | OrdinaryDividend |
Dec 16, 2014 | $0.117 | OrdinaryDividend |
Nov 18, 2014 | $0.117 | OrdinaryDividend |
Oct 21, 2014 | $0.117 | OrdinaryDividend |
Sep 16, 2014 | $0.117 | OrdinaryDividend |
Aug 19, 2014 | $0.117 | OrdinaryDividend |
Jul 17, 2014 | $0.117 | OrdinaryDividend |
Jun 17, 2014 | $0.117 | OrdinaryDividend |
May 20, 2014 | $0.117 | OrdinaryDividend |
Apr 16, 2014 | $0.117 | OrdinaryDividend |
Mar 18, 2014 | $0.117 | OrdinaryDividend |
Feb 18, 2014 | $0.117 | OrdinaryDividend |
Jan 21, 2014 | $0.117 | OrdinaryDividend |
Dec 19, 2013 | $0.117 | OrdinaryDividend |
Nov 20, 2013 | $0.117 | OrdinaryDividend |
Oct 17, 2013 | $0.117 | OrdinaryDividend |
Sep 19, 2013 | $0.117 | OrdinaryDividend |
Aug 15, 2013 | $0.117 | OrdinaryDividend |
Jul 18, 2013 | $0.117 | OrdinaryDividend |
Jun 19, 2013 | $0.117 | OrdinaryDividend |
May 16, 2013 | $0.117 | OrdinaryDividend |
Apr 18, 2013 | $0.117 | OrdinaryDividend |
Mar 19, 2013 | $0.117 | OrdinaryDividend |
Feb 14, 2013 | $0.117 | OrdinaryDividend |
Jan 23, 2013 | $0.117 | OrdinaryDividend |
XADCX - Fund Manager Analysis
Managers
Keith Ashton
Start Date
Tenure
Tenure Rank
Nov 27, 2012
9.51
9.5%
Mr. Ashton is a Partner, Portfolio Manager and Head of Alternative Credit in the Ares Credit Group, and a member of the Management Committee of Ares Management. Mr. Ashton serves as a Vice President and Portfolio Manager for the Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC). Additionally, he serves as a member of the Ares Credit Group’s Alternative Credit Executive Committee, Alternative Credit Investment Committee, Ares Dynamic Credit Allocation Fund Investment Committee and the Ares Diversity and Inclusion Council. Prior to joining Ares in 2011, Mr. Ashton was a Partner at Indicus Advisors LLP, where he focused on launching the global structured credit business in May 2007. Previously, Mr. Ashton was a Portfolio Manager and Head of Structured Credit at TIAA-CREF, where he focused on managing a portfolio of structured credit investments and helped launch TIAA’s institutional asset management business. Mr. Ashton’s experience as an investor in alternative fixed income products spans virtually all securitized asset classes, including CLOs, consumer and commercial receivables, insurance and legal settlements, small business and trade receivables, whole business securitizations, timeshare and other mortgage-related receivables, and esoteric asset classes such as catastrophe risk and intellectual property. Mr. Ashton holds a B.A. from Brigham Young University in Economics and an M.B.A. from the University of Rochester William E. Simon School of Business in Finance and Accounting.
Seth Brufsky
Start Date
Tenure
Tenure Rank
Nov 27, 2012
9.51
9.5%
Mr. Brufsky is a Partner in the Ares Credit Group, Co-Head and Portfolio Manager of Global Liquid Credit and a member of the Management Committee of Ares Management. Mr. Brufsky also serves as a Director, President, Chief Executive Officer and Portfolio Manager of the Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC). Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Ares Dynamic Credit Allocation Fund Investment Committee.
Samantha Milner
Start Date
Tenure
Tenure Rank
Sep 30, 2018
3.67
3.7%
Ms. Milner is a Partner, Portfolio Manager and Head of U.S. Liquid Credit Research in the Ares Credit Group, where she is primarily responsible for managing Ares’ U.S. bank loan credit strategies. Ms. Milner serves as a Vice President and Portfolio Manager for the Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC). Additionally, she serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee, and the Ares Dynamic Credit Allocation Fund Investment Committee. Prior to joining Ares in 2004, Ms. Milner was an Associate in the Financial Restructuring Group at Houlihan Lokey Howard & Zukin, where she focused on providing advisory services in connection with restructurings, distressed mergers and acquisitions and private placements. Ms. Milner holds a B.B.A., with distinction, from Emory University’s Goizueta Business School in Finance and Accounting.
Charles Arduini
Start Date
Tenure
Tenure Rank
Sep 30, 2018
3.67
3.7%
Mr. Arduini is a Managing Director and Portfolio Manager in the Ares Credit Group, where he focuses on alternative credit investments. Mr. Arduini serves as a Vice President and Portfolio Manager for the Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC). Additionally, he serves as a member of the Ares Dynamic Credit Allocation Fund Investment Committee. Prior to joining Ares in 2011, Mr. Arduini was a Managing Director at Indicus Advisors LLP, where he focused on structured credit investment opportunities. Previously, Mr. Arduini was Director of Structured Credit in the Fixed Income Investment Group and a Manager in the Risk Management Group at TIAA-CREF. In addition, Mr. Arduini worked in the telecommunications and information technology industries in various systems, operations and management roles. Mr. Arduini holds a B.A. from Bucknell University in Mathematics and an M.S. from Stevens Institute of Technology in Mathematics. Mr. Arduini also holds an M.S. from Carnegie Mellon University in Computational Finance. Mr. Arduini is a CFA® charterholder and a member of the New York Society of Security Analysts.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.07 | 3.25 |