Apollo Diversified Credit Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.8%
1 yr return
8.0%
3 Yr Avg Return
2.3%
5 Yr Avg Return
3.8%
Net Assets
$962 M
Holdings in Top 10
20.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.84%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CGCCX - Profile
Distributions
- YTD Total Return 6.8%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.25%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameApollo Diversified Credit Fund
-
Fund Family NameApollo Funds
-
Inception DateApr 04, 2017
-
Shares Outstanding3337324
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEarl Hunt
Fund Description
CGCCX - Performance
Return Ranking - Trailing
Period | CGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -10.6% | 16.9% | 18.49% |
1 Yr | 8.0% | -6.3% | 23.8% | 76.73% |
3 Yr | 2.3%* | -17.1% | 16.1% | 24.96% |
5 Yr | 3.8%* | -14.6% | 14.1% | 14.95% |
10 Yr | N/A* | -7.2% | 6.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | CGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | -12.0% | 8.9% | 15.87% |
2022 | -15.0% | -31.8% | 18.4% | 69.83% |
2021 | 2.0% | -16.2% | 25.7% | 7.52% |
2020 | -3.4% | -31.1% | 18.7% | 84.19% |
2019 | 3.6% | -6.1% | 15.3% | 64.88% |
Total Return Ranking - Trailing
Period | CGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -10.6% | 16.9% | 18.49% |
1 Yr | 8.0% | -6.3% | 23.8% | 76.73% |
3 Yr | 2.3%* | -17.1% | 16.1% | 24.96% |
5 Yr | 3.8%* | -14.6% | 14.1% | 14.95% |
10 Yr | N/A* | -7.2% | 6.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | CGCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.4% | -6.9% | 22.2% | 2.93% |
2022 | -7.4% | -31.8% | 21.1% | 39.81% |
2021 | 10.2% | -13.5% | 49.9% | 5.23% |
2020 | 3.1% | -28.6% | 24.1% | 71.76% |
2019 | 3.6% | -4.8% | 19.1% | 92.51% |
NAV & Total Return History
CGCCX - Holdings
Concentration Analysis
CGCCX | Category Low | Category High | CGCCX % Rank | |
---|---|---|---|---|
Net Assets | 962 M | 2.53 M | 143 B | 42.86% |
Number of Holdings | 251 | 4 | 9195 | 68.90% |
Net Assets in Top 10 | 196 M | -204 M | 80.4 B | 47.43% |
Weighting of Top 10 | 20.40% | 5.8% | 265.8% | 67.40% |
Top 10 Holdings
- Goldman Sachs Financial Square Government Fund 3.46%
- ARDAGH INV TL 8.875% 08/15/26 2.42%
- Carvana Auto Receivables Trust 2024-N2 2.29%
- CommScope, Inc., First Lien Term Loan 2.02%
- BDO USA, Term Loan, First Lien Term Loan 2.01%
- Avalara Inc., First Lien Term Loan 1.90%
- GBT Group Services B.V., First Lien Term Loan 1.60%
- ASDA, First Lien Term Loan 1.58%
- Zendesk, First Lien Term Loan 1.58%
- Hercules Achievement, Inc. / Varsity Brands Holding Co., Inc. 1.55%
Asset Allocation
Weighting | Return Low | Return High | CGCCX % Rank | |
---|---|---|---|---|
Bonds | 112.71% | 0.00% | 199.60% | 9.95% |
Cash | 4.28% | -94.66% | 91.07% | 43.23% |
Stocks | 0.02% | -6.18% | 99.66% | 67.03% |
Preferred Stocks | 0.00% | 0.00% | 26.42% | 45.57% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | N/A |
Other | -17.01% | -73.61% | 147.15% | 97.98% |
Stock Sector Breakdown
Weighting | Return Low | Return High | CGCCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 28.30% | N/A |
Real Estate | 0.00% | 0.00% | 100.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 18.60% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 99.97% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | CGCCX % Rank | |
---|---|---|---|---|
US | 0.02% | -6.18% | 99.66% | 64.54% |
Non US | 0.00% | -0.26% | 17.73% | 24.88% |
Bond Sector Breakdown
Weighting | Return Low | Return High | CGCCX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 3.46% | 0.00% | 88.00% | 43.84% |
Securitized | 0.00% | 0.00% | 99.65% | N/A |
Corporate | 0.00% | 0.00% | 96.66% | N/A |
Municipal | 0.00% | 0.00% | 54.26% | N/A |
Government | 0.00% | 0.00% | 99.43% | N/A |
Derivative | -19.91% | -73.61% | 147.15% | 98.75% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | CGCCX % Rank | |
---|---|---|---|---|
US | 91.51% | 0.00% | 199.60% | 29.70% |
Non US | 21.21% | 0.00% | 74.14% | 18.35% |
CGCCX - Expenses
Operational Fees
CGCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.84% | 0.03% | 20.67% | 2.33% |
Management Fee | 1.85% | 0.00% | 2.29% | 96.91% |
12b-1 Fee | 0.75% | 0.00% | 1.00% | 72.33% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
CGCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 1.50% | 9.76% |
Trading Fees
CGCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
CGCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 632.00% | 45.30% |
CGCCX - Distributions
Dividend Yield Analysis
CGCCX | Category Low | Category High | CGCCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 23.30% | 16.49% |
Dividend Distribution Analysis
CGCCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
CGCCX | Category Low | Category High | CGCCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.25% | -1.55% | 11.51% | 6.16% |
Capital Gain Distribution Analysis
CGCCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.491 | OrdinaryDividend |
Jun 30, 2023 | $0.427 | OrdinaryDividend |
Mar 31, 2023 | $0.410 | OrdinaryDividend |
Dec 30, 2022 | $0.450 | OrdinaryDividend |
Sep 30, 2022 | $0.385 | OrdinaryDividend |
Jun 30, 2022 | $0.330 | OrdinaryDividend |
Mar 31, 2022 | $0.358 | OrdinaryDividend |
Dec 31, 2021 | $0.378 | OrdinaryDividend |
Sep 30, 2021 | $0.399 | OrdinaryDividend |
Jun 30, 2021 | $0.374 | OrdinaryDividend |
Mar 31, 2021 | $0.384 | OrdinaryDividend |
Dec 31, 2020 | $0.373 | OrdinaryDividend |
Sep 30, 2020 | $0.358 | OrdinaryDividend |
Jun 30, 2020 | $0.348 | OrdinaryDividend |
Mar 31, 2020 | $0.384 | OrdinaryDividend |
CGCCX - Fund Manager Analysis
Managers
Earl Hunt
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Earl Hunt — Partner, Credit. Mr. Hunt has been with Apollo Global Management, Inc. and/or its affiliates since 2021. Prior to joining Apollo, Mr. Hunt was a Partner in the Global Markets division at Goldman Sachs. He also served as a member of Goldman Sachs’s Partnership Committee, Global Markets Operating Committee, and was co-chair of the Global Markets Inclusion and Diversity Committee. Previously, Mr. Hunt was co-head of U.S. Distressed and Par Loan sales in the Leveraged Finance Sales Group at Goldman Sachs. Prior to joining Goldman Sachs in 2015, Mr. Hunt worked at Citi for 11 years, where he was a director in Leveraged Finance sales. Mr. Hunt is a member of the Board of Trustees of Brown University. Mr. Hunt earned a BA in Economics from Brown University.
Chris Lahoud
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Chris Lahoud — Partner, Credit. Mr. Lahoud is a Partner within Opportunistic Credit, focusing on liquid stressed/distressed credit and work-out situations. Before joining Apollo in 2018, Mr. Lahoud was a Managing Director at Deutsche Bank from July 2011 to July 2018, during which time he ran the Distressed Product Group, responsible for distressed trading, research and sourcing. Prior to that, Mr. Lahoud was an Associate at Citigroup from July 2006 to June 2011. Mr. Lahoud graduated from the University of Richmond with a degree in Accounting, Economics and Finance.
James Vanek
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Mr. Vanek is a Partner and the Co-Head of Apollo’s Global Performing Credit business and serves as a Portfolio Manager of the registrant. Prior to joining Apollo in 2008, Mr. Vanek was an Associate Director, Loan Sales & Trading in the Leveraged Finance group at Bear Stearns. He is a board member of the Loan Syndications and Trading Association, a leading advocate for the U.S. syndicated loan market. Mr. Vanek graduated from Duke University with a BS in Economics and a BA in Computer Science, and received his MBA from Columbia Business School.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.71 | 3.19 |