Cion Ares Diversified Credit Fund (CADUX)

Data through 2026-08-28 · latest filing N-23C3A filed 2026-09-04

Sponsored by CION/Ares. Interval Fund structure focused on private credit.

Interval FundPrivate Credit

Sponsor: CION/Ares
CIK: 0001678124
Liquidity: Quarterly repurchase offers at NAV
Inception: 01/26/2017

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Net assets

June 30, 2026

source

Semiannual shareholder report (Form N-CSRS) · filed 2026-09-03 · period 2026-06-30

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history

NAV per share

Class I, August 28, 2026

source

Repurchase offer notice (Form N-23c-3) · filed 2026-09-04 · period 2026-08-28

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history

Total return, 12m

2025-07-01 to 2026-06-30

Source. SEC-derived from filed sub-periods, 2025-07-01 to 2026-06-30

Annualized distribution rate

annualized · Class I · as of 2026-06-30

Net flows, last quarter

qtr ended 2026-06-30 · our calculation

Debt per dollar

Of shareholders' money, June 30, 2026

01What changed

What changed

Red and yellow flags from the fund's latest filings.

02Returns

Returns

What has it actually returned?

Filed performance history

Available to signed-in readers.

Complete direct filed history for the audited canonical class, newest window first. Repeated windows use the newest filing. Standardized table values preserve their filed annualization; no displayed value is re-estimated. Where the fund filed both shareholder-transaction and GAAP-FH bases, the transactional value is preferred and both remain visible. Figures remain separate from the calculated NAV-plus-distributions index and manager-source monthly returns.

03Distributions

Distributions

Is the distribution earned?

04Holdings

Holdings

What does it own?

05Liquidity

Liquidity

Can holders get out?

Stated cap: 5% of shares/quarter.

Available to signed-in readers.

06Leverage

Leverage

How much is borrowed?

How to read these financing entries

Borrowings are balance-sheet obligations. An undrawn facility is standby liquidity and is not debt until used. Synthetic notional describes market exposure rather than an amount owed, while unconsolidated joint-venture carrying value is shown as context and is not added to fund debt.

07Fees

Fees

What does it really cost?

Filed fee conditions

Available to signed-in readers.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I		Available to signed-in readers. *		-	* Filed label: Expenses, excluding expense support; period 2025-12-31. Available to signed-in readers.	* Filed label: Expenses, including expense support; period 2025-12-31. After waiver: yes; interest: included; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. Available to signed-in readers.

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

08Sources

Where every figure comes from.

Its source, one click away.

Also in the filing: every headline figure, with its date

Net assets: source

Semiannual shareholder report (Form N-CSRS) · filed 2026-09-03 · period 2026-06-30

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history
NAV / share: source

Repurchase offer notice (Form N-23c-3) · filed 2026-09-04 · period 2026-08-28

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history
Net flows, last qtr
Annualized distribution rate
Trailing 12-month distribution rate
Asset coverage: 296%
Total return, 12m

Who can invest: No investor qualification is stated in the prospectus.

Recent filings

Filed	Form	Accession
Available to signed-in readers.