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Investors today are desperately in need of income due to the rapidly rising cost of living. Ares Dynamic Credit Allocation Fund, Inc. invests in a portfolio of both fixed-rate and floating-rate debt securities to provide investors with diversified exposure to the asset class. The ARDC closed-end fund is well-positioned for today's uncertain rate and economic environment.
Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.
We revisit the credit CEF ARDC. ARDC features an attractive income profile with significant floating-rate exposure and majority of its liabilities in fixed-rate format.
The broader CLO sector remains an attractive income destination for not just its high yields but also its historical resilience. We take a look at the different ways investors can choose to allocate to the sector across the risk and yield spectrum.
Ares Dynamic Credit Allocation Fund invests in a well-diversified portfolio of fixed-rate and floating-rate securities to provide investors with a high level of income. The fund's allocation to floating-rate securities should help cushion the portfolio against interest-rate risk as it appears unlikely the Fed will pivot in the near future.
0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results.
Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.
Since I last wrote about ARDC in August, the discount has widened to more than -13% while the NAV has stabilized. Based on the current monthly distribution that was raised to $.1025 in August, the annual yield is now more than 10.5%.
The ARDC fund provides high income by investing in high yield bonds, senior loans, and CLO securities. It pays an attractive 10.5% current yield.
Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.