ARDC: The Worst Is Likely Over, But Still Not A Buy (Rating Upgrade)

2025-06-29 23:43:05 ET

Overview

Ares Dynamic Credit Allocation Fund ( ARDC ) operates as a closed end fund that aims to provide attractive total returns through a portfolio of credit investments. This includes securities like high-yield bonds, senior loans, and CLO (Collateralized Loan Obligations), which can offer income stability and be an efficient hedge against the volatility experienced from traditional equities. When I previously covered ARDC, I issued a sell rating due to the underlying risks involved with its credit ratings and premium valuation. I believed that the price was trading at the higher end of its range and a pullback was needed. The price has retracted a bit since then, and the fund has released an updated annual report that I wanted to review....

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