Ares Dynamic Credit Allocation Fund Inc. (ARDC)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Foundations Investment Advisors, Llc	408,667	$5,717,312	0.11%
2.	United Advisor Group, Llc	330,844	$4,671,517	0.96%
3.	Capital Investment Advisors, Llc	208,174	$2,939,412	0.06%
4.	Hennion & Walsh Asset Management, Inc.	204,909	$2,893,315	0.13%
5.	Huntleigh Advisors, Inc.	199,613	$2,818,519	0.54%