Ares Dynamic Credit Allocation Fund
Sponsor: Ares · Inception Nov 28, 2012 · Pays monthly
Market priceShare price
$11.37
+0.18% (+$0.02)
NAVAsset value per share
$12.95
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
12.20% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
11.87%
regular, annualised · on NAV 10.42%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 16, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 16, 2026, 6:54 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 26, 2026. 329 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Loans | 37.72% | $203M |
| Debt | 36.84% | $198M |
| CDO/CLO | 25.46% | $137M |
| Derivative (interest rate) | -0.02% | $-121K |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 66.22% | $357M |
| Canada | 3.91% | $21.1M |
| Cayman Islands | 24.19% | $130M |
| France | 1.99% | $10.7M |
| Jersey | 1.26% | $6.8M |
| Netherlands | 0.91% | $4.9M |
| Finland | 0.69% | $3.7M |
| Denmark | 0.44% | $2.4M |
| Switzerland | 0.39% | $2.1M |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 66.22% | $357M |
| Developed Europe | 5.69% | $30.6M |
| Canada | 3.91% | $21.1M |
| Offshore domiciles | 24.19% | $130M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 99.27% | $535M |
| Other | 0.73% | $4M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 72.44% | $390M |
| Level 3 | 27.56% | $148M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.02% | $539M |
| N/A | -0.02% | $-121K |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 329 positions
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| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| Elmwood CLO 44 Ltd | 29004XAA0 | CDO/CLO | CORP | Cayman Islands | 700,000 | principal | $702K | 0.13% | 3 |
| OSD CLO 2023-27, Ltd. | 67570LAC6 | CDO/CLO | CORP | Cayman Islands | 700,000 | principal | $698K | 0.13% | 3 |
| CIFC Funding Ltd | 171949AC4 | CDO/CLO | CORP | Cayman Islands | 750,000 | principal | $686K | 0.13% | 3 |
| Madison Park Funding Ltd | 55819EAE4 | CDO/CLO | CORP | Cayman Islands | 775,000 | principal | $680K | 0.13% | 3 |
| Elmwood CLO 35 Ltd | 29004RAC9 | CDO/CLO | CORP | Cayman Islands | 1,020,000 | principal | $669K | 0.12% | 3 |
| GoldenTree Loan Management US CLO, LTD | 38138HAL1 | CDO/CLO | CORP | Cayman Islands | 650,000 | principal | $654K | 0.12% | 3 |
| KKR Financial CLO Ltd | 481953AE7 | CDO/CLO | CORP | Cayman Islands | 1,532,887 | principal | $650K | 0.12% | 3 |
| Wehle Park CLO Ltd. | 94860MAJ2 | CDO/CLO | CORP | Jersey | 750,000 | principal | $648K | 0.12% | 3 |
| Trimaran CAVU Ltd | 89624PAE3 | CDO/CLO | CORP | Cayman Islands | 625,000 | principal | $619K | 0.11% | 3 |
| Madison Park XLIV | 55822TAA4 | CDO/CLO | CORP | Cayman Islands | 687,500 | principal | $608K | 0.11% | 3 |
| Oak Hill Credit | 67090VAF8 | CDO/CLO | CORP | Cayman Islands | 610,000 | principal | $607K | 0.11% | 3 |
| Madison Park Funding Ltd | 55817CAC4 | CDO/CLO | CORP | Cayman Islands | 2,472,260 | principal | $606K | 0.11% | 3 |
| Madison Park Funding Ltd | 55819EAC8 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $602K | 0.11% | 3 |
| Magnetite CLO Ltd | 55952CAE5 | CDO/CLO | CORP | Cayman Islands | 600,000 | principal | $592K | 0.11% | 3 |
| ARGENT BIDCO SAS | — | Loan | CORP | France | 500,000 | principal | $574K | 0.11% | 2 |
| NABORS INDUSTRIES INC | 62957HAR6 | Debt | CORP | United States | 550,000 | principal | $563K | 0.10% | 2 |
| TRANSOCEAN INTERNTNL LTD | 893830BX6 | Debt | CORP | Switzerland | 525,000 | principal | $545K | 0.10% | 2 |
| TRIDENT TPI HOLDINGS INC | 89616RAC3 | Debt | CORP | United States | 537,000 | principal | $538K | 0.10% | 2 |
| CIFC Funding Ltd | 12574CAJ3 | CDO/CLO | CORP | Cayman Islands | 525,000 | principal | $537K | 0.10% | 3 |
| CIFC Funding Ltd | 17182LAA5 | CDO/CLO | CORP | Cayman Islands | 525,000 | principal | $523K | 0.10% | 3 |
| Madison Park Funding Ltd | 55818TAJ1 | CDO/CLO | CORP | Cayman Islands | 2,651,309 | principal | $520K | 0.10% | 3 |
| WAND NEWCO 3 INC | 933940AA6 | Debt | CORP | United States | 500,000 | principal | $517K | 0.10% | 2 |
| Elmwood CLO 28 Ltd | 29003PAA8 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $506K | 0.09% | 3 |
| Carlyle Global Market Strategies | 143124AG0 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $500K | 0.09% | 3 |
| CIFC Funding Ltd | 12565BAG2 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $495K | 0.09% | 3 |
| Aimco | 00900MAN2 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $490K | 0.09% | 3 |
| Elmwood CLO VIII Ltd | 290021AL8 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $487K | 0.09% | 3 |
| Bain Capital Credit CLO, Limited | 056922AC1 | CDO/CLO | CORP | Jersey | 960,000 | principal | $462K | 0.09% | 3 |
| Anchorage Capital CLO LTD | 03331ABC4 | CDO/CLO | CORP | Cayman Islands | 450,000 | principal | $451K | 0.08% | 3 |
| Madison Park Funding Ltd | 55817FAG8 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $450K | 0.08% | 3 |
| RR Ltd | 749737AJ1 | CDO/CLO | CORP | Cayman Islands | 450,000 | principal | $445K | 0.08% | 3 |
| Madison Park Funding Ltd | 558182AE1 | CDO/CLO | CORP | Cayman Islands | 630,000 | principal | $435K | 0.08% | 3 |
| Oak Hill Credit | 67706YAC5 | CDO/CLO | CORP | Cayman Islands | 752,609 | principal | $404K | 0.08% | 3 |
| KKR Financial CLO Ltd | 48257JAA5 | CDO/CLO | CORP | Cayman Islands | 400,000 | principal | $402K | 0.07% | 3 |
| Broad River BSL Funding CLO Ltd | 11124UAE1 | CDO/CLO | CORP | Cayman Islands | 400,000 | principal | $401K | 0.07% | 3 |
| OHA Credit Partners Ltd | 67120NAC7 | CDO/CLO | CORP | Cayman Islands | 610,000 | principal | $400K | 0.07% | 3 |
| Anchorage Capital CLO LTD | 03333RAA0 | CDO/CLO | CORP | Cayman Islands | 385,000 | principal | $392K | 0.07% | 3 |
| Madison Park Funding Ltd | 55790AAE5 | CDO/CLO | CORP | Cayman Islands | 560,000 | principal | $360K | 0.07% | 3 |
| Voya CLO Ltd | 92920JAA0 | CDO/CLO | CORP | Cayman Islands | 350,000 | principal | $351K | 0.07% | 3 |
| Anchorage Capital CLO LTD | 03329HAJ9 | CDO/CLO | CORP | Cayman Islands | 350,000 | principal | $351K | 0.07% | 3 |
| Madison Park Funding Ltd | 558201AC3 | CDO/CLO | CORP | Cayman Islands | 2,268,000 | principal | $346K | 0.06% | 3 |
| PRAIRIE ECI ACQUIROR LP | 73955HAG9 | Loan | CORP | United States | 339,827 | principal | $341K | 0.06% | 2 |
| Aimco | 00901VAC5 | CDO/CLO | CORP | Jersey | 466,033 | principal | $329K | 0.06% | 3 |
| Dryden Senior Loan Fund | 26248CAC4 | CDO/CLO | CORP | Cayman Islands | 1,100,000 | principal | $328K | 0.06% | 3 |
| Anchorage Capital CLO LTD | 03328RBA6 | CDO/CLO | CORP | Cayman Islands | 325,000 | principal | $323K | 0.06% | 3 |
| Elmwood CLO 26 Ltd | 29004DAC0 | CDO/CLO | CORP | Cayman Islands | 540,541 | principal | $321K | 0.06% | 3 |
| ACRISURE LLC / FIN INC | 00489LAL7 | Debt | CORP | United States | 322,000 | principal | $305K | 0.06% | 2 |
| RR Ltd | 74988GAC9 | CDO/CLO | CORP | Cayman Islands | 470,000 | principal | $304K | 0.06% | 3 |
| Voya CLO Ltd | 92918KAG8 | CDO/CLO | CORP | Cayman Islands | 300,000 | principal | $294K | 0.05% | 3 |
| Benefit Street Partners CLO Ltd | 08186TAG0 | CDO/CLO | CORP | Cayman Islands | 260,000 | principal | $258K | 0.05% | 3 |
| WHIRLPOOL CORP | 963320BF2 | Debt | CORP | United States | 250,000 | principal | $253K | 0.05% | 2 |
| OCP CLO Ltd | 67570NAC2 | CDO/CLO | CORP | United States | 450,000 | principal | $253K | 0.05% | 3 |
| BOND US BIDCO 1/2/3/G1/2 | 097947AA3 | Debt | CORP | United States | 250,000 | principal | $253K | 0.05% | 2 |
| Madison Park Funding Ltd | 55823UAA0 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $252K | 0.05% | 3 |
| Magnetite CLO Ltd | 55955JAE7 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $251K | 0.05% | 3 |
| Oak Hill Credit | 67707AAF9 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $251K | 0.05% | 3 |
| Kennedy Lewis CLO Ltd | 37149WAA1 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $250K | 0.05% | 3 |
| Kennedy Lewis CLO Ltd | 37147VAU1 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $248K | 0.05% | 3 |
| CIFC Funding Ltd | 12576JAC1 | CDO/CLO | CORP | Cayman Islands | 400,000 | principal | $244K | 0.05% | 3 |
| Flatiron CLO Ltd | 33883TAE9 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $241K | 0.04% | 3 |
| KKR Financial CLO Ltd | 48255WAE0 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $239K | 0.04% | 3 |
| Magnetite CLO Ltd | 55952HAB0 | CDO/CLO | CORP | United States | 306,833 | principal | $202K | 0.04% | 3 |
| South Field LLC | 83783XAF3 | Loan | CORP | United States | 191,031 | principal | $191K | 0.04% | 2 |
| Diameter Capital CLO | 25254BAA3 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $187K | 0.03% | 3 |
| OHA Credit Partners Ltdrestricted | USG67217AC63 | CDO/CLO | CORP | Cayman Islands | 400,000 | principal | $181K | 0.03% | 3 |
| Diameter Capital CLO | 25255KAC8 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $165K | 0.03% | 3 |
| Madison Park Funding Ltd | 55822KAE5 | CDO/CLO | CORP | Cayman Islands | 250,000 | principal | $133K | 0.02% | 3 |
| LCM Ltd Partnership | 50184YAA6 | CDO/CLO | CORP | Cayman Islands | 5,875,000 | principal | $102K | 0.02% | 3 |
| Blueberry Park CLO | 09609VAE7 | CDO/CLO | CORP | Jersey | 1,840,000 | principal | $96.4K | 0.02% | 3 |
| Oaktree CLO Ltd | 67389YAB1 | CDO/CLO | CORP | Cayman Islands | 4,000,000 | principal | $81.5K | 0.02% | 3 |
| Pye-Barker Fire & Safety, LLC | 69380SAC7 | Loan | CORP | United States | 40,800 | principal | $41.1K | 0.01% | 2 |
| CARLYLE GLOBAL MARKET STRATEGI 10/30 1 | 14317TAC9 | CDO/CLO | CORP | Cayman Islands | 3,222,500 | principal | $5.2K | 0.00% | 3 |
| Madison Park Funding Ltd | 55818QAE8 | CDO/CLO | CORP | Cayman Islands | 4,000,000 | principal | $800 | 0.00% | 3 |
| PINNACLE BUYER LLC | 72349UAC6 | Loan | CORP | United States | 0 | principal | $403 | 0.00% | 2 |
| Allegro CLO Ltd | 01748WAC8 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $0 | 0.00% | 3 |
| Goldman Sachs & Co. LLC | — | Rate deriv. | OTHER | United States | 30,000,000 | OU | $-70.7K | -0.01% | 2 |
| Goldman Sachs & Co. LLC | — | Rate deriv. | OTHER | United States | 20,000,000 | OU | $-50.6K | -0.01% | 2 |
| Databricks Inc | 23803RAF8 | Loan | CORP | United States | 0 | principal | $-455 | -0.00% | 2 |
| Kaman Corporation | 48354VAN2 | Loan | CORP | United States | 0 | principal | $-367 | -0.00% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 26, 2026 | 329 | 100.0% | $539M | full |
| Mar 31, 2026 | May 26, 2026 | 316 | 100.0% | $523M | full |
| Dec 31, 2025 | Feb 27, 2026 | 320 | 100.0% | $558M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Ares Dynamic Credit Allocation Fund, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.