ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 02/25/21

These are two options in the high-yield sector that look at least semi attractive at these levels for various reasons. These funds are more hybrid funds like ARDC with some allocation to leveraged loans helping to diversify the portfolio. The high-yield space, as I've noted severa...

Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) today announced the appointment of Paula B. Pretlow to its Board of Directors as an independent director and a member of the audit committee. Ms. Pretlow’s appointment became effective February 16, 2021. Ms. Pretlow bring...

Global recovery optimism, especially in the US, is leading to speculation over when the Fed might take its foot off the accelerator and buy fewer Treasuries and Agencies. Increasingly, parallels are being drawn to similar events in 2013. In this Q&A, we look at when such a sha...

YYY has lost about 18% in share price since inception. It has also lost more than 30% in monthly distribution. This is before accounting for inflation. It may get worse in a rising rate environment. For further details see: YYY: Shrinking Value And Income

PCEF facts and performance. Comparing PCEF with my CEF benchmark. Scanning the PCEF portfolio. A different way to invest in CEFs. For further details see: Why I Won't Touch PCEF With A 10-Foot Pole

Economic growth is returning to almost every country in the world, and almost all commodity prices are rising. The thing to worry about is the direction of fiscal policy, which will almost certainly bring us higher taxes, increased regulatory burdens, and more expensive energy. Fo...

It is my opinion, when considering both the inflation component and the credit risk component, that most bonds are not providing any real value currently. One strategy that should be considered is not buying any more bonds at present. The second is to take a careful look at your portf...

Many investors are suspicious of closed-end funds' apparently magical ability to buy assets whose "natural" yield is, for example, 6%, and pay distributions of, say, 9%. Is there some sort of alchemy at work here? Often when things seem "too good to be true," they are too good to be t...

Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxYxZ funds are DSL, HPI, and HPF. For further details see: 'High-High-Low' Closed-End Fund Report, (Belated...

Risk assets have compressed in yield against Treasuries, so that any meaningful yield of anything has gotten wrung out of the markets. For the first time ever, yields in the High Yield markets are now less than 4.00%. In other words, you are getting paid about nothing for credit risk....