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*.
Ares Capital Management II has been appointed as sub-adviser of the Ares Global Credit Income Fund and Ares Diversified Credit Fund.
Fund Inception Date: 17 December 2020. Data Source: Fidante Partners Limited 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.
Ares Australia Management Pty Ltd ABN 51 636 490 732 AFSL 537 666 (AAM) is the investment manager of the Ares Diversified Credit Fund (ARSN is 644 797 599) (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 issuer and responsible entity of the Fund. You should read the Fund’s Information Memorandum (IM) to ensure the key attributes of the Fund as described in the IM aligns with your objectives, financial situation and needs before making a decision about whether to acquire or continue to hold the Fund.
The 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 Return1
High single-digit returns (net of fees)
Distribution
Paid monthly
Transact at NAV
Daily applications and quarterly redemptions at NAV~2 ~(+/- buy sell spread if applicable)
Fair Valuation
Valuation of underlying investments adjusted for prevailing market yields and independently reviewed by a third-party
Hedged back to AUD
Returns will be hedged back to AUD
Tax Efficient
Qualifying 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.
*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.
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