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ARDC - ARDC: Moving From Sell To Hold After A -36% Annualized Performance
Ares Dynamic Credit Allocation Fund Inc.
ARDC is a closed-end fund focused on fixed income instruments.
The fund invests predominantly in a portfolio of floating rate leveraged loans, high yield bonds and CLO debt.
ARDC is down significantly since our Sell rating in February, driven by wider credit spreads and risk free rates.
This article covers CEFs from our suite of products - we focus on macro portfolio allocation, CEFs and yield-producing options strategies, targeting overall returns of 9%+.