Why Now?
Ares Global Credit Income Fund
1 References to “downside protection” or similar language are not guarantees against loss of investment capital or value. Diversification does not assure profit or protect against market loss.
2. As of June 30, 2022. Yield assumes 1.45 AUD/USD exchange rate as of June 30, 2022. Based on recent market conditions and is subject to change based on future market conditions at the time of investment and may differ materially from that set forth herein.
3. As of June 30, 2022. Includes cash as investment grade. Based on the higher of the S&P, Fitch and Moody’s ratings.
4. Source: Ares Quantitative Risk & Research Team analyses, Bloomberg. Assumes earnings data is as of 3/31/2022 and 3m LIBOR was ~1% as of 3/31/2022, excludes names where floating outstanding debt, LTM EBITDA, or LTM Interest Cost is not available.
5. Convexity occurs where risk and reward are asymmetrical: positive convexity refers to an investment with more upside than downside; while negative convexity means the downside is greater than the upside. Typically, bonds and loans that trade at a discount have positive convexity, as they offer capital appreciation potential.
Ares Diversified Credit Fund
1 References to “downside protection” or similar language are not guarantees against loss of investment capital or value. Diversification does not assure profit or protect against market loss.
2 As at 30 June 2022. Excludes cash, syndicated loans, and high yield bonds.