Ares Management Corporation bonds ARES
Who owns Ares Management 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. ARES 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 |
|---|---|---|---|---|---|---|---|---|---|
| 03990BAA9 | 6.375% fixed | 2028-11-10 | USD | 103.02 | 4.95% | 72 bp | 8 | $7.4M | Jul 2026 |
| 04015KAB6 | 3.25% fixed | 2030-06-15 | USD | 92.99 | 5.27% | 98 bp | 3 | $3.0M | Jul 2026 |
| 04018VAA1 | 4.125% fixed | 2051-06-30 | USD | 100.47 | 4.09% | -101 bp | 7 | $54.7M | Jul 2026 |
| 03990BAB7 | 5.6% fixed | 2054-10-11 | USD | 86.76 | 6.64% | 154 bp | 7 | $3.3M | 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 | 4 | $68.4M | 96.73 | 5.11% | 85 bp | 8 |
| Jun 2026 | 4 | $163.2M | 96.92 | 4.90% | 75 bp | 24 |
| May 2026 | 4 | $56.4M | 96.55 | 4.88% | 82 bp | 20 |
| Apr 2026 | 4 | $71.1M | 96.84 | 4.80% | 95 bp | 9 |
| Mar 2026 | 4 | $183.9M | 96.11 | 4.82% | 106 bp | 26 |
| Feb 2026 | 4 | $56.5M | 97.11 | 4.37% | 80 bp | 17 |
| Jan 2026 | 4 | $72.0M | 96.92 | 4.40% | 73 bp | 12 |
| Dec 2025 | 4 | $198.3M | 96.80 | 4.37% | 76 bp | 28 |
| Nov 2025 | 4 | $56.7M | 96.40 | 4.39% | 79 bp | 17 |
| Oct 2025 | 4 | $73.9M | 96.95 | 4.55% | 97 bp | 12 |
| Sep 2025 | 4 | $195.9M | 97.60 | 4.46% | 86 bp | 28 |
| Aug 2025 | 4 | $52.1M | 96.21 | 4.43% | 70 bp | 17 |
| Jul 2025 | 4 | $70.8M | 96.03 | 4.75% | 85 bp | 10 |
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. 15 added, 18 cut, 6 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $62.5M | $62.5M | -$2.6M |
| First Trust Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $40.4M | $40.6M | $0 |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $21.4M | $20.8M | $0 |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $16.7M | $16.8M | $0 |
| Allspring Core Plus Bond Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $13.2M | $12.3M | $0 |
| PIMCO Investment Grade Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $8.3M | $8.6M | $0 |
| First Trust Institutional Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $8.4M | $8.5M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.8M | $6.7M | $885K |
| PIMCO Active Bond Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $6.0M | $6.2M | $0 |
| PIMCO Long-Term Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $6.8M | $6.2M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $6.2M | $5.7M | $0 |
| Nuveen Flexible Income Fund Nuveen Investment Trust V | 2026-05-31 | $5.4M | $5.4M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $5.1M | $5.0M | $280K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.5M | $4.6M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $4.5M | $4.6M | $0 |
| Fixed Income SHares: Series C PIMCO Managed Accounts Trust | 2026-06-30 | $5.0M | $4.6M | $0 |
| Invesco BulletShares 2028 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $4.1M | $4.2M | -$5K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.1M | $4.0M | $665K |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $3.5M | $3.6M | $71K |
| Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 2026-07-31 | $2.9M | $2.9M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $3.0M | $2.9M | $1.2M |
| Sterling Capital Total Return Bond Fund Sterling Capital Funds | 2026-06-30 | $2.6M | $2.6M | -$252K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $2.6M | $2.4M | -$570K |
| MML Barings Core Bond Fund MASSMUTUAL PREMIER FUNDS | 2026-06-30 | $2.3M | $2.3M | $0 |
| COHEN & STEERS REIT & PREFERRED & INCOME FUND INC | 2026-06-30 | $2.1M | $2.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Guggenheim Total Return Bond Fund ($19.8M), First Trust Intermediate Duration Preferred & Income Fund ($4.3M), First Trust Preferred Securities and Income Fund ($1.5M), Guggenheim Core Bond Fund ($1.5M), MEDIUM-DURATION BOND FUND ($482K), State Street(R) SPDR(R) Portfolio Aggregate Bond ETF ($200K), Six Circles Global Bond Fund ($5K).
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 |
|---|---|---|---|---|---|
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 1 | $40.4M | $40.6M | 0.64% |
| FPEI First Trust Institutional Preferred Securities and Income ETF | 2026-07-31 | 1 | $8.4M | $8.5M | 0.44% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $6.8M | $6.7M | 0.03% |
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 1 | $6.0M | $6.2M | 0.07% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $6.2M | $5.7M | 0.00% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $5.1M | $5.0M | 0.00% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.5M | $4.6M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $4.5M | $4.6M | 0.01% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $4.1M | $4.2M | 0.12% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $4.1M | $4.0M | 0.02% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $3.5M | $3.6M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $3.0M | $2.9M | 0.01% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $2.6M | $2.4M | 0.03% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $1.1M | $1.1M | 0.01% |
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 85 bp spread prices in about 1.4% 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 ARES'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 | 105 | $446.6M | 1 | $581K | 0 | — | 0 |
| 2026-06-30 | 814 | $24.58B | 36 | $476.8M | 24 | $353.7M | 8 |
| 2026-03-31 | 799 | $19.96B | 35 | $606.7M | 25 | $408.3M | 6 |
| 2025-12-31 | 839 | $33.00B | 18 | $347.3M | 16 | $294.1M | 5 |
| 2025-09-30 | 790 | $30.74B | 16 | $261.9M | 16 | $188.8M | 6 |
| 2025-06-30 | 781 | $33.33B | 29 | $354.1M | 15 | $121.8M | 5 |
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.