Refugio Research · Audit · NAV per share

Audit: NAV per share — Cion Ares Diversified Credit Fund

Latest observation · Shareholder report (Form N-CSR) · filed 2026-03-06 · period 2025-12-31

financial-highlights end-of-period NAV (fallback)

“Net asset value, end of period $ 24.85”

Method Matched text template against the filing

Technical locator

https://www.sec.gov/Archives/edgar/data/1678124/000110465926024607/tm261643d1_ncsr.htm | financial-highlights end-of-period NAV (fallback)

Extraction tiers, explained

Every stored observation below, newest first, with its extraction tier, the exact filing it came from, and the verbatim snippet it was read from. Derived values state their formula and constituent figures in the source line. Tiers: T1 = structured XBRL tag; T2 = matched text template; T3/R3 = narrative/term extraction.

Period	Value	Tier	Source filing	Provenance
2025-12-31	24.85	T2	N-CSR 2026-03-06	https://www.sec.gov/Archives/edgar/data/1678124/000110465926024607/tm261643d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465926024607/tm261643d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 24.85” extracted 2026-07-09T02:27:31 · confidence 0.85
2025-06-30	25.06	T2	N-CSRS 2025-09-05	https://www.sec.gov/Archives/edgar/data/1678124/000110465925087822/tm2523697d1_ncsrs.htm \| financial-highlight… https://www.sec.gov/Archives/edgar/data/1678124/000110465925087822/tm2523697d1_ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.06” extracted 2026-07-09T02:27:38 · confidence 0.85
2024-12-31	25.09	T2	N-CSR 2025-03-06	https://www.sec.gov/Archives/edgar/data/1678124/000110465925021413/tm256982d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465925021413/tm256982d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.09” extracted 2026-07-09T02:27:45 · confidence 0.85
2024-06-30	25.09	T2	N-CSRS 2024-09-05	https://www.sec.gov/Archives/edgar/data/1678124/000110465924097289/tm2421597d1_ncsrs.htm \| financial-highlight… https://www.sec.gov/Archives/edgar/data/1678124/000110465924097289/tm2421597d1_ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.09” extracted 2026-07-09T02:27:50 · confidence 0.85
2023-12-31	24.96	T2	N-CSR 2024-03-08	https://www.sec.gov/Archives/edgar/data/1678124/000110465924032297/tm245364d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465924032297/tm245364d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 24.96” extracted 2026-07-09T02:27:54 · confidence 0.85
2023-06-30	24.25	T2	N-CSRS 2023-09-01	https://www.sec.gov/Archives/edgar/data/1678124/000110465923097704/tm2324301d1_ncsrs.htm \| financial-highlight… https://www.sec.gov/Archives/edgar/data/1678124/000110465923097704/tm2324301d1_ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 24.25” extracted 2026-07-09T02:27:58 · confidence 0.85
2022-12-31	23.86	T2	N-CSR 2023-03-10	https://www.sec.gov/Archives/edgar/data/1678124/000110465923031044/tm237695d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465923031044/tm237695d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 23.86” extracted 2026-07-09T02:28:01 · confidence 0.85
2022-06-30	24.22	T2	N-CSRS 2022-09-02	https://www.sec.gov/Archives/edgar/data/1678124/000110465922097282/tm2224865d1_ncsrs.htm \| financial-highlight… https://www.sec.gov/Archives/edgar/data/1678124/000110465922097282/tm2224865d1_ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 24.22” extracted 2026-07-09T02:28:05 · confidence 0.85
2021-12-31	25.75	T2	N-CSR 2022-03-10	https://www.sec.gov/Archives/edgar/data/1678124/000110465922032117/tm227573d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465922032117/tm227573d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.75” extracted 2026-07-09T02:28:08 · confidence 0.85
2021-06-30	25.54	T2	N-CSRS 2021-09-07	https://www.sec.gov/Archives/edgar/data/1678124/000110465921113407/tm2125611d1_ncsrs.htm \| financial-highlight… https://www.sec.gov/Archives/edgar/data/1678124/000110465921113407/tm2125611d1_ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.54” extracted 2026-07-09T02:28:11 · confidence 0.85
2020-12-31	25.13	T2	N-CSR 2021-03-05	https://www.sec.gov/Archives/edgar/data/1678124/000110465921032633/tm217950d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465921032633/tm217950d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.13” extracted 2026-07-09T02:28:14 · confidence 0.85
2020-06-30	26.24	T2	N-CSRS 2020-09-01	https://www.sec.gov/Archives/edgar/data/1678124/000110465920101310/tm2029207d1_ncsrs.htm \| financial-highlight… https://www.sec.gov/Archives/edgar/data/1678124/000110465920101310/tm2029207d1_ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 26.24” extracted 2026-07-09T02:28:15 · confidence 0.85
2019-12-31	25.93	T2	N-CSR 2020-03-06	https://www.sec.gov/Archives/edgar/data/1678124/000110465920030035/tm209731d1_ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465920030035/tm209731d1_ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.93” extracted 2026-07-09T02:28:17 · confidence 0.85
2019-10-31	25.44	T2	N-CSR 2020-01-03	https://www.sec.gov/Archives/edgar/data/1678124/000110465920000677/a19-20987_1ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465920000677/a19-20987_1ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.44” extracted 2026-07-09T02:28:18 · confidence 0.85
2019-04-30	25.92	T2	N-CSRS 2019-07-02	https://www.sec.gov/Archives/edgar/data/1678124/000110465919038904/a19-11756_1ncsrs.htm \| financial-highlights… https://www.sec.gov/Archives/edgar/data/1678124/000110465919038904/a19-11756_1ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.92” extracted 2026-07-09T02:28:19 · confidence 0.85
2018-10-31	25.8	T2	N-CSR 2019-01-03	https://www.sec.gov/Archives/edgar/data/1678124/000110465919000455/a18-41703_1ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465919000455/a18-41703_1ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value, end of period $ 25.80” extracted 2026-07-09T02:28:20 · confidence 0.85
2018-04-30	25.53	T2	N-CSRS 2018-06-26	https://www.sec.gov/Archives/edgar/data/1678124/000110465918042173/a18-15484_1ncsrs.htm \| financial-highlights… https://www.sec.gov/Archives/edgar/data/1678124/000110465918042173/a18-15484_1ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value end of period $ 25.53” extracted 2026-07-09T02:28:21 · confidence 0.85
2017-10-31	25.25	T2	N-CSR 2018-01-08	https://www.sec.gov/Archives/edgar/data/1678124/000110465918001294/a17-28694_1ncsr.htm \| financial-highlights … https://www.sec.gov/Archives/edgar/data/1678124/000110465918001294/a17-28694_1ncsr.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value end of period $ 25.25” extracted 2026-07-09T02:28:21 · confidence 0.85
2017-04-30	25	T2	N-CSRS 2017-07-05	https://www.sec.gov/Archives/edgar/data/1678124/000110465917043449/a17-15666_1ncsrs.htm \| financial-highlights… https://www.sec.gov/Archives/edgar/data/1678124/000110465917043449/a17-15666_1ncsrs.htm \| financial-highlights end-of-period NAV (fallback) “Net asset value end of period $ 25.00” extracted 2026-07-09T02:28:21 · confidence 0.85