Ares Dynamic Credit Allocation Fund Inc. (ARDC)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Wells Fargo & Company	1,701,821	$24,029,697	0.01%
2.	Guggenheim Capital Llc	434,722	$6,138,275	0.06%
3.	Advisors Asset Management, Inc.	406,418	$5,738,622	0.11%
4.	Morgan Stanley	404,913	$5,717,400	0%
5.	Foundations Investment Advisors, Llc	408,667	$5,717,312	0.11%