Ares Australian Direct Lending - Managed Fund

Fund Objective

ADL is seeking to capitalise on the growing opportunity in direct lending and self-origination of floating rate secured loans to Australia and NewZealand mid-to-large sized Australian and New-Zealand companies with strong market share in stable industries. We believe there is a unique opportunity set which can be captured utilizing the power of the Ares Management platform.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-%	0.24%	2.76%	6.61%	-%	-%	-%	-%
Growth return	0.23%	0.23%	2.73%	6.56%	-%	-%	-%	-%
Income return	-%	0.01%	0.03%	0.05%	-%	-%	-%	-%
Market index (Morningstar AUD 1M Cash GR AUD)
Total return	0.29%	0.87%	1.77%	3.75%	4.05%	4%	-%	-%

As at 30 Sep 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Alternatives: 50.78%

Australian Equities: 5.54%

Cash: 38.93%

Fixed Interest: 4.74%

General Information

Fund Details

Type	Description
Fund Name	Ares Australian Direct Lending
APIR Code	ETL6377AU
Sector/Asset Class	Alternative - Private Debt
Morningstar Rating	Not Rated
Legal Structure	Unknown
Fund Inception	1 Jan 2024
Fund Size	n/a
Entry Price	$11.2953 (as at 30 Sep 2025)
Exit Price	$11.2953 (as at 30 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.40% (as at 11 Dec 2024)
Minimum initial investment	$250,000

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FAQs about the Ares Australian Direct Lending

What is the objective of the Ares Australian Direct Lending managed fund?

The objective of the Ares Australian Direct Lending managed fund is ADL is seeking to capitalise on the growing opportunity in direct lending and self-origination of floating rate secured loans to Australia and NewZealand mid-to-large sized Australian and New-Zealand companies with strong market share in stable industries. We believe there is a unique opportunity set which can be captured utilizing the power of the Ares Management platform.

What is the strategy for the Ares Australian Direct Lending managed fund?

The strategy of the Ares Australian Direct Lending managed fund is ADL is seeking to capitalise on the growing opportunity in direct lending and self-origination of floating rate secured loans to Australia and NewZealand mid-to-large sized Australian and New-Zealand companies with strong market share in stable industries. We believe there is a unique opportunity set which can be captured utilizing the power of the Ares Management platform.

What is the APIR code of the Ares Australian Direct Lending managed fund?

The APIR code of the Ares Australian Direct Lending managed fund is ETL6377AU.

What was Ares Australian Direct Lending’s total return last month?

Ares Australian Direct Lending’s total return last month was -%. This was made up of a growth return of 0.23% and an income return of -%. These returns were calculated as at 30 Sep 2025.

What was Ares Australian Direct Lending’s total return for the last three months?

Ares Australian Direct Lending’s total return for the last three months was 0.24%. This was made up of a growth return of 0.23% and an income return of 0.01%%. These returns were calculated as at 30 Sep 2025.

What is Ares Australian Direct Lending’s one-year total return?

Ares Australian Direct Lending’s one-year total return is 6.61%. This was made up of a growth return of 6.56% and an income return of 0.05%. These returns were calculated as at 30 Sep 2025.

What is Ares Australian Direct Lending’s three-year total return?

Ares Australian Direct Lending’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Sep 2025.

What is the asset allocation of the Ares Australian Direct Lending managed fund?

The asset allocation of the Ares Australian Direct Lending managed fund is :

Alternatives: 100%

Australian Equities: 0%

Cash: 0%

Fixed Interest: 0%

What sector/asset class does the Ares Australian Direct Lending managed fund belong to?

The Ares Australian Direct Lending managed fund belongs to the Alternative - Private Debt sector/asset class.

What is the size of the Ares Australian Direct Lending managed fund?

As at , the size of the Ares Australian Direct Lending managed fund was $ million.

What is the inception date of the Ares Australian Direct Lending managed fund?

The Ares Australian Direct Lending managed fund has an inception date of 1 Jan 2024.

What is the current entry price of the Ares Australian Direct Lending managed fund?

The current entry price of the Ares Australian Direct Lending managed fund is $11.2953 per unit and the current exit price is $11.2953 per unit (as at 30 Sep 2025).

What is the current exit price of the Ares Australian Direct Lending managed fund?

The current exit price of the Ares Australian Direct Lending managed fund is $11.2953 per unit and the current entry price is $11.2953 per unit (as at 30 Sep 2025).

What is the minimum investment amount for the Ares Australian Direct Lending managed fund?

The minimum initial investment amount for the Ares Australian Direct Lending managed fund is $250,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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