Ares Capital Corporation bonds ARCC
Who owns Ares Capital Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. ARCC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 04022DHC4 | 0% fixed | 2026-08-12 | USD | 99.86 | 4.27% | 54 bp | 1 | $20.0M | Jul 2026 |
| 04010LBE2 | 7% fixed | 2027-01-15 | USD | 100.96 | 4.84% | 102 bp | 23 | $57.7M | Jul 2026 |
| 04010LBD4 | 2.875% fixed | 2027-06-15 | USD | 98.53 | 4.61% | 61 bp | 9 | $10.7M | Jul 2026 |
| 04010LBB8 | 2.875% fixed | 2028-06-15 | USD | 95.94 | 5.17% | 98 bp | 23 | $24.7M | Jul 2026 |
| 04010LBF9 | 5.875% fixed | 2029-03-01 | USD | 100.46 | 5.68% | 144 bp | 23 | $66.5M | Jul 2026 |
| 04010LBG7 | 5.95% fixed | 2029-07-15 | USD | 100.75 | 5.67% | 141 bp | 17 | $61.9M | Jul 2026 |
| 04010LBN2 | 5.55% fixed | 2030-01-15 | USD | 98.99 | 5.88% | 160 bp | 26 | $51.5M | Jul 2026 |
| 04010LBK8 | 5.5% fixed | 2030-09-01 | USD | 98.19 | 6.00% | 171 bp | 18 | $25.4M | Jul 2026 |
| 04010LBL6 | 5.1% fixed | 2031-01-15 | USD | 96.15 | 6.10% | 179 bp | 17 | $26.8M | Jul 2026 |
| 04010LBM4 | 5.25% fixed | 2031-04-12 | USD | 96.67 | 6.07% | 175 bp | 28 | $54.1M | Jul 2026 |
| 04010LBC6 | 3.2% fixed | 2031-11-15 | USD | 87.07 | 6.09% | 174 bp | 13 | $6.3M | Jul 2026 |
| 04010LBH5 | 5.8% fixed | 2032-03-08 | USD | 98.38 | 6.15% | 178 bp | 15 | $53.3M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 12 | $458.9M | 98.45 | 6.00% | 171 bp | 28 |
| Jun 2026 | 12 | $923.8M | 98.94 | 5.83% | 164 bp | 39 |
| May 2026 | 12 | $547.5M | 99.25 | 5.72% | 161 bp | 33 |
| Apr 2026 | 11 | $491.2M | 98.68 | 5.83% | 186 bp | 26 |
| Mar 2026 | 11 | $620.6M | 98.23 | 5.96% | 213 bp | 46 |
| Feb 2026 | 11 | $524.2M | 99.00 | 5.67% | 194 bp | 29 |
| Jan 2026 | 11 | $508.9M | 99.03 | 5.36% | 162 bp | 37 |
| Dec 2025 | 11 | $611.9M | 99.99 | 5.11% | 152 bp | 43 |
| Nov 2025 | 11 | $554.0M | 99.90 | 5.08% | 149 bp | 25 |
| Oct 2025 | 11 | $597.4M | 99.90 | 5.17% | 159 bp | 37 |
| Sep 2025 | 11 | $628.7M | 99.83 | 4.98% | 138 bp | 45 |
| Aug 2025 | 10 | $451.9M | 100.50 | 4.97% | 126 bp | 24 |
| Jul 2025 | 10 | $586.8M | 99.70 | 5.23% | 134 bp | 38 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 87 added, 56 cut, 51 new holders and 40 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $140.2M | $139.1M | $58.9M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $121.0M | $118.7M | new |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $109.5M | $107.7M | $25.5M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $98.2M | $97.9M | -$9.6M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $88.7M | $87.5M | $2.3M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $54.6M | $52.2M | -$22.8M |
| American Balanced Fund | 2026-06-30 | $43.3M | $43.0M | new |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $41.9M | $41.7M | $3.3M |
| Loomis Sayles Core Plus Bond Fund Natixis Funds Trust I | 2026-06-30 | $39.8M | $39.6M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $40.0M | $39.3M | $0 |
| Invesco Ultra Short Duration ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $33.8M | $33.9M | $20.0M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $34.0M | $33.6M | $4.7M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $32.2M | $31.5M | $8.9M |
| EQ/Intermediate Corporate Bond Portfolio EQ Advisors Trust | 2026-06-30 | $32.5M | $30.7M | $15.9M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $30.8M | $30.0M | -$505K |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $30.4M | $29.8M | $0 |
| Bond Fund of America | 2026-06-30 | $27.7M | $27.6M | new |
| Allspring Core Plus Bond Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $27.6M | $27.3M | -$3.1M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $24.7M | $24.5M | -$7.7M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $25.0M | $24.3M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $23.9M | $23.2M | $3.0M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $23.0M | $22.7M | $7.9M |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $22.0M | $20.2M | $0 |
| Income Fund of America | 2026-07-31 | $17.1M | $16.9M | new |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $16.8M | $16.6M | $2.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BBH Income Fund ($11.6M), iShares iBonds Dec 2026 Term Corporate ETF ($10.1M), BNY Mellon Global Fixed Income Fund ($9.2M), iShares iBonds 2026 Term High Yield and Income ETF ($7.0M), Nomura Diversified Income Fund ($4.5M), Victory Short-Term Bond Fund ($3.7M), WESTWOOD INCOME OPPORTUNITY FUND ($3.0M), Western Asset Corporate Bond Fund ($2.3M), VANGUARD STAR CORE-PLUS BOND FUND ($2.0M), FS Multi-Strategy Alternatives Fund ($1.6M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 7 | $109.5M | $107.7M | 0.21% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 8 | $88.7M | $87.5M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $54.6M | $52.2M | 0.08% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 2 | $33.8M | $33.9M | 0.87% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $34.0M | $33.6M | 0.15% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 7 | $32.2M | $31.5M | 0.05% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 10 | $30.8M | $30.0M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $24.7M | $24.5M | 0.08% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $23.0M | $22.7M | 0.21% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $16.5M | $16.5M | 0.43% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 9 | $15.6M | $15.2M | 0.13% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $15.9M | $14.9M | 0.03% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 2 | $14.7M | $14.8M | 0.37% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $15.2M | $14.4M | 0.08% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 2 | $14.2M | $14.2M | 0.31% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 171 bp spread prices in about 2.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in ARCC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 131 | $331.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 777 | $4.37B | 15 | $137.3M | 17 | $109.2M | 1 |
| 2026-03-31 | 799 | $4.10B | 18 | $147.1M | 13 | $96.5M | 2 |
| 2025-12-31 | 822 | $4.52B | 16 | $171.1M | 11 | $73.1M | 1 |
| 2025-09-30 | 780 | $4.34B | 11 | $119.0M | 12 | $80.1M | 2 |
| 2025-06-30 | 823 | $4.50B | 17 | $159.5M | 15 | $93.9M | 1 |
Officials trading ARCC bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-09-09 | John Fetterman | purchase | ARES CAPITAL CORPORATION | $1,001 - $15,000 | filing |
| 2025-09-09 | John Karl Fetterman | purchase | ARES CAPITAL CORPORATION | $1,001 - $15,000 | filing |
| 2025-09-09 | John Fetterman | purchase | ARES CAPITAL CORP NOTE Rate/Coupon: 5.8% Matures: 03/08/2032 | $1,001 - $15,000 | filing |
| 2025-09-04 | John Fetterman | sale | ARES CAPITAL CORPORATION | $1,001 - $15,000 | filing |
| 2025-09-04 | John Karl Fetterman | sale | ARES CAPITAL CORPORATION | $1,001 - $15,000 | filing |
| 2025-09-04 | John Fetterman | sale full | ARES CAPITAL CORP NOTE Rate/Coupon: 2.15% Matures: 07/15/2026 | $1,001 - $15,000 | filing |
| 2025-02-18 | John Fetterman | purchase | ARES CAPITAL CORPORATION | $1,001 - $15,000 | filing |
| 2025-02-18 | John Karl Fetterman | purchase | ARES CAPITAL CORPORATION | $1,001 - $15,000 | filing |
| 2025-02-18 | John Fetterman | purchase | ARES CAPITAL CORP NOTE Rate/Coupon: 2.15% Matures: 07/15/2026 | $1,001 - $15,000 | filing |
| 2025-01-17 | David Harold McCormick | purchase | ARES CAPITAL CORP NOTE Rate/Coupon: 5.80% Matures: 03/08/2032 | $250,001 - $500,000 | filing |
| 2025-01-17 | Dave McCormick | purchase | ARES CAPITAL CORP NOTE Rate/Coupon: 5.80% Matures: 03/08/2032 | $250,001 - $500,000 | filing |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.