The investment objective of the Fund is to provide exposure to an investment in Ares Strategic Income Fund ("ASIF" or the “Master Fund”), a Delaware statutory trust that seeks to invest primarily in originated loans and other securities, including broadly syndicated loans, of private middle market U.S. companies, to generate current income and, to a lesser extent, long-term capital appreciation.
Initial: $10,000
Subsequent: $5,000
| Inception Date | Dec 15, 2023 |
|---|---|
| Fundserv Asset Class | Alternative Investment |
| Fundserv Codes | Purchase: ATL5113 Redemption: ATL5116 |
| Management Fee | N/A |
| Management Fee Waiver | -0.25% |
| Management Fee after Waiver | 0.25% |
| Fixed Administration Fee | N/A |
| NAV Currency | CAD |
| Valuation Frequency | Monthly |
| Dealer Risk Classification | High |
| Permitted Account Type | Non-registered account only |
| Custodian | CIBC Mellon |
| Fiscal Year End | December 31st |
Ares Capital Management, an affiliate of Ares Management Corporation (“Ares”), serves as an investment advisor to ASIF. Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. As of September 30, 2023, Ares’ global platform had approximately $395 billion of assets under management, with approximately 2,800 employees4 operating across North America, Europe, Asia Pacific and the Middle East.
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| 4.3% | 10.7% | N/A | 26.6% | N/A | N/A | N/A | N/A |
Due to securities regulation, performance is not available until one year post inception.
As at: 11/29/2024
1Monthly distributions are targeted, but not guaranteed.
2As of December 2023. Employee headcount includes Ivy Hill Asset Management, L.P. and Ares Insurance Solutions.
This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to.
The fund is a prospectus exempt fund and is not subject to the same regulatory requirements as publicly offered investment funds offered by way of prospectus.
This material does not form part of an offering document and does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities of the fund. Any such offer or solicitation may only be made through, and in accordance with, the terms of the subscription agreement and confidential offering memorandum of the fund (collectively, the “Offering Document”), and the constating documents of the fund.
Any information or discussion about the current characteristics of this fund or how the portfolio manager is managing the fund is not a discussion about material investment objectives or strategies, but solely a discussion of the current characteristics or manner of fulfilling the investment objectives and strategies, and is subject to change without notice.
Past performance may not be repeated.
The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
