Ares Dynamic Credit Allocation Fund, Inc. (ARDC)
Ares Dynamic Credit Allocation Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $12.44, down 0.08% on the session, giving a market capitalisation of $298.1M. On trailing twelve-month figures it carries a trailing P/E of 13.23, a net margin of 49.3%. Its beta of 0.60 implies it has historically moved less than the broad market.
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.
Ares Dynamic Credit Allocation Fund, Inc. is most often compared with the following Financial Services names: