ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

Capital Impact Advisors, LLC's Holding History (CIK: 0001602198)

Note: Option positions (PUT/CALL) are excluded.

Q4 2022

Shares 3,500 Value ($000) $240 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 3,361 Value ($000) $208 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 4,478 Value ($000) $255 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 4,169 Value ($000) $339 Avg Close $68.19 Range $58.16 - $74.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2022	3,500	$240	$65.79	$53.36 - $78.37
Q3 2022	3,361	$208	$63.25	$50.98 - $71.82
Q2 2022	4,478	$255	$61.93	$48.02 - $76.43
Q1 2022	4,169	$339	$68.19	$58.16 - $74.64