Ares Diversified Credit Fund

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Ares Diversified Credit Fund

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About the Fund

The Ares Diversified Credit Fund, via its investment in the Underlying Fund(1), employs an opportunistic, dynamic and unconstrained global credit investments strategy based on absolute and relative value considerations and its analysis of liquid and illiquid credit markets.

Access to yield premiums and additional economics.

A dynamic approach seeking attractive relative value.

A focus on downside protection (2).

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Why this Fund

The Ares Diversified Credit Fund suits wholesale and sophisticated investors seeking:

Current income paid monthly.

Diversification(2) from traditional asset classes.

A focus on downside protection (2).

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Fund Facts

About this fund

Unit prices (at 14 Nov 2024)

Buy $1.02 / Sell $1.01

Unit price history

Buy/sell spread (at 01 Feb 2023)

0.25% / 0.00%

1 FEB: Buy/Sell Spreads Update (PDF)

Inception date

17 Dec 2020

Benchmark

N/A

Fund size (at 31 Oct 2024)

$1,227.55m

Distribution Frequency

Monthly

Suggested Min Timeframe

Currency

AUD

Portfolio Managers

Greg Margolies

Michael Smith

Mitch Goldstein

Fund IDs

APIR

HOW7354AU

ARSN

644 797 599

TICKER

mFund

Fees / Pricing

Management Costs

0.03%

Performance Fee (if applicable)

Minimum Investment

$100,000

Fees: Underlying Fund management fee: 1.25%. Underlying Fund incentive fee: Please refer to the Information Memorandum for more details.

Ares Australia Management Pty Ltd ABN 51 636 490 732, AFSL 537 666 (AAM), the investment manager of the Ares Diversified Credit Income Fund (the Fund). Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante) is a member of the Challenger Limited group of companies (Challenger Group) and is the responsible entity of the Fund.

Fund Performance & Distributions

Performance Table

Cumulative Performance

Distribution History

Fund Performance (Net) as at 31 Oct 2024

	1M	3M	1YR	3YR (p.a)	5YR (p.a)	10YR (p.a)	SI (p.a)
Fund	1.45%	1.88%	10.82%	6.99%	-	-	7.13%

Data powered by FE fundinfo. Past performance is not a reliable indicator of future performance. The inception date of the Fund is 17 December 2020.

FE fundinfo calculates performance using the Australian FSC Standard by constructing a total value index series that reflects the percentage change in investments assuming the reinvestment of all distributions. A total value index series is constructed using the Ex-Distribution exit price, which is calculated at the end of a distribution period by deducting the distribution amount by the Cum distribution exit price.

Past performance figures that are less than 12 months are for informational purposes only and are not to be relied upon when considering the likely future performance of the Fund.

Data powered by FE fundinfo

Performance is calculated on a bid-to-bid basis with income reinvested. It is important to know that unit prices reflect the value of the underlying assets of the funds and so can go down as well as up.

Past performance is not indicative of future performance. Where a fund invests in overseas securities, the unit prices may also rise and fall purely on account of exchange rate fluctuations.

Data powered by FE fundinfo

© FE fundinfo 2023. All rights reserved. The compilation of data contained in this report is the copyright of FE fundinfo. It may be copied only incidentally to print single copies for use by those authorised to view it. Whilst reasonable care has been taken in the compilation of the data, it is not warranted to be accurate or complete, and has been drawn by FE fundinfo from sources which are also not warranted to be accurate or complete.

Performance figures are calculated on an exit – exit basis and shown in Australian Dollars.

Insights

View all insights

Livewire | Income is back – and credit gives you the best seat in the house

In this Livewire Income Series 2024 interview, Teiki Benveniste discusses how Ares identifies the most compelling opportunities within credit markets. He also provides insights into Ares' current positioning and addresses some common misconceptions about the asset class.

This is No Big Short: Why clos are Different to the Product that sparked the GFC

Michael Burry and Steve Eisman were among the few investors who spotted the rotten state of CDOs. But CLOs are, thankfully, different.

3 Distinct Opportunities Available to the Yield-Seeking Investor

These three investment ideas are designed to anchor your portfolio, generate outsized yield, and profit from deep discounts.

Resources

You should read the Fund's TMD and PDS to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs before making a decision about whether to acquire or continue to hold the Fund.

Ways to Invest

Fund Ratings

Organisation	Rating
Lonsec	Recommended
Morningstar	-
Zenith	-

1 CION Ares Diversified Credit Fund.

2 References to 'downside protection', ‘diversification’ or similar language are not guarantees against loss of investment capital or value.

Holdings and allocations, unless otherwise indicated, are based on the total portfolio and subject to change without notice. Data shown is for informational purposes only and not a recommendation to buy or sell any security. Where we are referring to the Fund's investments we are doing so on a 'look through' basis to the underlying assets that the Fund is exposed to through its investment in the Underlying Fund.

The rating issued 09/2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.