Ares Dynamic Credit Allocation Fund, Inc.: insider trades · United States · SEC (Form 4)

About Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is a U.S.-domiciled closed-end fund listed on the NYSE in the United States. From an equity analyst perspective, this is not an operating company in the traditional sense, but an actively managed credit vehicle designed to deliver attractive total return, with income as the primary objective and capital appreciation as a secondary goal. The fund commenced operations on November 27, 2012, which gives it a long enough history to assess through multiple credit and rate cycles. ([arespublicfunds.com](https://arespublicfunds.com/wp-content/uploads/2026/03/Ares-Dynamic-Credit-Allocation-Fund_Annual-Report_2025.pdf)) ARDC is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. It draws on Ares’ institutional credit platform and focuses on a broadly diversified, dynamically managed portfolio of below-investment-grade credit. Core holdings include senior secured loans to lower-rated issuers, high-yield corporate bonds, certain similar fixed-income instruments that may be expressed through derivatives, and CLO securities and other asset-backed issuers. The fund’s mandate is to rotate across these segments based on relative value, macro conditions, and issuer-level research, rather than simply tracking a benchmark. ([arespublicfunds.com](https://arespublicfunds.com/wp-content/uploads/2026/03/Ares-Dynamic-Credit-Allocation-Fund_Annual-Report_2025.pdf)) In competitive terms, ARDC sits in the closed-end fund universe alongside other leveraged income products that invest in leveraged loans, high-yield bonds, and CLO exposure. Its proposition is straightforward: generate monthly distributions while maintaining a flexible credit allocation framework. That said, the structure also comes with meaningful risk. The fund uses leverage and may borrow up to one-third of managed assets, which can enhance distributable income but also magnify NAV volatility when spreads widen, default risk rises, or funding costs increase. The fund is also classified as non-diversified under the Investment Company Act, increasing concentration risk versus a diversified fund. ([arespublicfunds.com](https://arespublicfunds.com/wp-content/uploads/2026/03/Ares-Dynamic-Credit-Allocation-Fund_Annual-Report_2025.pdf)) Operationally, the fund’s service model is tied to the broader Ares ecosystem. The adviser is based in Los Angeles, while other key service providers are located in Boston and New York. The fund’s investor-relations and market communication functions are also integrated into Ares’ public-funds platform, reinforcing the brand’s institutional credit franchise. While ARDC is a U.S. listed security, its underlying credit exposure is global in nature through the broad corporate loan and bond markets it can access. ([arespublicfunds.com](https://arespublicfunds.com/wp-content/uploads/2026/03/Ares-Dynamic-Credit-Allocation-Fund_Annual-Report_2025.pdf)) Recent developments underscore its income-oriented profile. In its 2025 annual report, ARDC disclosed a month-end leverage level of 39.41%, a State Street credit facility balance of $123.192 million as of December 31, 2025, and continued reliance on leverage as part of the strategy. The fund also announced a monthly distribution of $0.1125 per share in August 2025, consistent with its long-standing approach of paying shareholders recurring cash income. For investors, the key takeaway is that ARDC is a professionally managed U.S. NYSE closed-end credit fund whose performance will be driven by credit selection, leverage management, and the direction of the broader fixed-income cycle. ([arespublicfunds.com](https://arespublicfunds.com/wp-content/uploads/2026/03/Ares-Dynamic-Credit-Allocation-Fund_Annual-Report_2025.pdf))