Ares Dynamic Credit Allocation Fund Inc. (ARDC)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Advisornet Financial, Inc	643,447	$7,251,648	0.33%
2.	United Advisor Group, Llc	352,053	$4,048,607	0.39%
3.	Hennion & Walsh Asset Management, Inc.	209,406	$2,408,169	0.07%
4.	Farther Finance Advisors, Llc	199,121	$2,289,890	0.02%
5.	Shaker Financial Services, Llc	196,145	$2,255,668	0.74%