Ares Diversified Credit Fund (ADCF)

For Wholesale Investors Only (as defined under the Corporations Act 2001)

The Ares Diversified Credit Fund seeks to offer a high level of current income and meaningful downside protection^ by investing in a diversified portfolio of liquid and illiquid global credit asset classes. The Fund will gain its exposure primarily by investing in the Underlying Fund*.

Yield
Premium
Direct Origination
Downside Protection^
Dynamic Allocation


Performance

As of 31 October 2021

Performance1 month
%
CYTD
%
Inception
%
Fund return (gross)10.16.36.7
Fund return (net)2 0.1 6.26.6

Fund Inception Date: 17 December 2020. Data Source: Fidante Partners Limited, 31 October 2021.
1 Returns are calculated before fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
Past performance is not a reliable indicator of future performance.
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.

Unit Prices and Distributions

View historical unit prices and distributions


Fund Characteristics

Investment ObjectiveThe Fund aims to provide superior risk adjusted returns across various market cycles by investing in a diversified portfolio of liquid and illiquid asset classes throughout the global credit spectrum.
Target Return1High single-digit returns (net of fees)
DistributionPaid monthly
Transact at NAVDaily applications and quarterly redemptions at NAV~2
~(+/- buy sell spread if applicable)
Fair ValuationValuation of underlying investments adjusted for prevailing market yields and independently reviewed by a third-party
Hedged back to AUDReturns will be hedged back to AUD
Tax EfficientQualifying interest income is not subject to US withholding tax

1 Neither the responsible entity nor the investment manager guarantees your capital or any particular rate of return.
2 Withdrawals from the Fund are subject to the availability of quarterly withdrawals from the Underlying Fund. Please refer to the Information Memorandum for the Funds withdrawal terms. A buy/sell spread may apply to applications or withdrawals. Please view the latest buy/sell spread update for the Fund.


Portfolio Managers

Mitch Goldstein

Partner,
Co-Head of Credit Group

Greg Margolies

Partner,
Head of Markets

*Underlying Fund: CION Ares Diversified Credit Fund

^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.