ARDC

Widening discounts between corporate bond ETFs and NAV pricing after COVID-19 was cited as further evidence of ETF illiquidity.Higher market volatility also makes it likely NAV pricing will become stale quicker and take longer to respond to ETF prices.Trading volumes in both investment grade and high yield bond ETFs confirm there was no suggestion of a freeze in the secondary ETF market in Q1 2020.

Some market observers have suggested that low and negative yields will hinder government bonds' ability to provide a buffer against down markets because bond returns will also be low.Amid the dramatic sell-off in risk assets earlier this year as the global pandemic took hold, and again in September when equity markets pulled back, government bonds served as one of the few true offsets to equity market volatility.Investors' need for income and return is as great as ever, even as global stock dividends plummet.

Spread levels have been on a noticeable downward trajectory from their peak level on March 23.HY spreads and default rates have an interesting relationship.The WisdomTree U.S. High Yield Corporate Bond Fund is focusing solely on public issuers and eliminating those with negative cash flow.

The bond markets are in the midst of a feeding frenzy.U.S. high-yield bond sales reached an annual record of $329.8 billion for the year, with three months left to go.The high yield's market's record year follows the U.S. investment-grade bond market, which reached a new record for issuance in mid-August.

Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of August 31, 2020 is now available via www.arespublicfunds.com.

U.S. high-yield bond issuance for 2020 has eclipsed the prior annual sales record of $329.6B set in 2012, according to data compiled by Bloomberg, as companies reap the benefits of

Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE: ARDC) announced the declaration of its distribution for the month of September 2020 of $0.0975 per common share, payable as noted below.

Ares Dynamic Credit Allocation Fund (ARDC) declares $0.0975/share monthly dividend, in line with previous.Forward yield 9.16%Payable Sept. 30; for shareholders of record Sept. 22; ex-div Sept. 21.See ARDC Dividend Scorecard,