ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

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

Q4 2025

Shares 80,223 Value ($000) $1,623 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 82,189 Value ($000) $1,677 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 86,348 Value ($000) $1,896 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 101,703 Value ($000) $2,254 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 63,150 Value ($000) $1,382 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 57,105 Value ($000) $1,184 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 56,240 Value ($000) $1,172 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 63,886 Value ($000) $1 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 38,897 Value ($000) $1 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 30,786 Value ($000) $1 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 37,421 Value ($000) $1 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 40,002 Value ($000) $1 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 57,699 Value ($000) $1 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 49,625 Value ($000) $838 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 51,450 Value ($000) $923 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 50,866 Value ($000) $1,066 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 52,634 Value ($000) $1,115 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 72,172 Value ($000) $1,467 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 72,944 Value ($000) $1,429 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 78,253 Value ($000) $1,464 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 62,351 Value ($000) $1,053 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 67,567 Value ($000) $943 Avg Close $8.55 Range $8.07 - $9.08

Q1 2020

Shares 14,318 Value ($000) $154 Avg Close $9.57 Range $4.60 - $10.93

Q2 2019

Shares 10,000 Value ($000) $179 Avg Close $9.39 Range $9.08 - $9.82

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	80,223	$1,623	$19.79	$18.36 - $20.64
Q3 2025	82,189	$1,677	$21.33	$19.60 - $22.39
Q2 2025	86,348	$1,896	$19.97	$17.08 - $21.13
Q1 2025	101,703	$2,254	$20.85	$19.58 - $21.80
Q4 2024	63,150	$1,382	$19.38	$18.52 - $20.24
Q3 2024	57,105	$1,184	$18.23	$16.88 - $18.78
Q2 2024	56,240	$1,172	$17.90	$17.19 - $18.65
Q1 2024	63,886	$1	$16.97	$16.50 - $17.82
Q4 2023	38,897	$1	$15.96	$15.11 - $16.83
Q3 2023	30,786	$1	$15.48	$14.81 - $16.12
Q2 2023	37,421	$1	$14.38	$13.58 - $15.16
Q1 2023	40,002	$1	$14.33	$12.98 - $15.20
Q4 2022	57,699	$1	$13.85	$12.13 - $14.57
Q3 2022	49,625	$838	$13.92	$12.26 - $14.87
Q2 2022	51,450	$923	$13.84	$12.20 - $15.83
Q1 2022	50,866	$1,066	$14.63	$13.59 - $15.72
Q4 2021	52,634	$1,115	$13.96	$13.29 - $14.62
Q3 2021	72,172	$1,467	$13.21	$12.76 - $13.85
Q2 2021	72,944	$1,429	$12.51	$11.72 - $13.01
Q1 2021	78,253	$1,464	$11.38	$10.33 - $12.22
Q4 2020	62,351	$1,053	$9.58	$8.32 - $10.75
Q3 2020	67,567	$943	$8.55	$8.07 - $9.08
Q1 2020	14,318	$154	$9.57	$4.60 - $10.93
Q2 2019	10,000	$179	$9.39	$9.08 - $9.82