XAFTX: Apollo Senior Floating Rate Fund - MutualFunds.com

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing.

Enhance retirement outcomes with helpful tactics.

Apollo Senior Floating Rate

XAFTX - Snapshot

Vitals

  • YTD Return -6.1%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $240 M
  • Holdings in Top 10 16.5%

52 WEEK LOW AND HIGH

$15.90
$11.89
$17.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 101.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Bank Loan

Compare XAFTX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$9.11

0.00%

$6.58 B

4.07%

$0.37

-3.90%

0.74%

$8.17

0.00%

$5.65 B

4.91%

$0.40

-7.58%

0.61%

$10.28

0.00%

$5.32 B

4.57%

$0.47

-4.10%

1.62%

$8.63

0.00%

$4.89 B

3.81%

$0.33

-2.49%

0.77%

$21.97

+0.05%

$3.96 B

3.82%

$0.84

-3.77%

0.65%

XAFTX - Profile

Distributions

  • YTD Total Return -6.1%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Apollo Senior Floating Rate Fund
  • Fund Family Name
    Apollo Credit Management, LLC
  • Inception Date
    Feb 24, 2011
  • Shares Outstanding
    15573061
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alexander Wright

Fund Description

The fund normally invests at least 80% of assets in floating rate Senior Loans and investments with similar economic characteristics. Senior Loans typically pay interest at rates that are determined periodically on the basis of a floating base lending rate, primarily the London-Interbank Offered Rate, plus a premium. It is non-diversified.


XAFTX - Performance

Return Ranking - Trailing

Period XAFTX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -15.5% 284.4% 77.78%
1 Yr -0.7% -8.4% 6.5% 65.53%
3 Yr 1.7%* -3.0% 4.9% 52.52%
5 Yr 4.1%* 0.2% 5.8% 8.33%
10 Yr N/A* 1.5% 6.2% N/A

* Annualized

Return Ranking - Calendar

Period XAFTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -4.9% 7.5% 17.63%
2018 -8.5% -9.7% 5.5% 98.11%
2017 -1.1% -4.2% 3.7% 81.33%
2016 6.7% -65.0% 12.9% 18.06%
2015 -7.6% -15.5% 0.6% 81.13%

Total Return Ranking - Trailing

Period XAFTX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -15.5% 284.4% 77.78%
1 Yr -0.7% -10.6% 5.5% 48.12%
3 Yr 1.7%* -3.3% 4.6% 43.88%
5 Yr 4.1%* 0.2% 5.8% 7.95%
10 Yr N/A* 1.5% 6.2% N/A

* Annualized

Total Return Ranking - Calendar

Period XAFTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -4.9% 7.5% 19.42%
2018 -8.5% -9.7% 5.5% 98.11%
2017 -1.1% -4.2% 7.2% 83.40%
2016 6.7% -65.0% 12.9% 25.55%
2015 -7.6% -15.5% 4.8% 82.55%

NAV & Total Return History


XAFTX - Holdings

Concentration Analysis

XAFTX Category Low Category High XAFTX % Rank
Net Assets 240 M 7.25 M 6.58 B 73.33%
Number of Holdings 157 13 1173 85.05%
Net Assets in Top 10 60 M -149 M 1.09 B 53.49%
Weighting of Top 10 16.47% 6.4% 91.3% 30.00%

Top 10 Holdings

  1. Surf Holdings T/L B (Sophos Group) 1.89%
  2. Ion Trading Technologies T/L (8/16) 1.80%
  3. Alliant Holdings T/L B (05/19) 1.79%
  4. Endo Luxembourg Finance T/L B 1.71%
  5. Petsmart T/L B-2 1.64%
  6. Advantage Sales T/L 1st Lien (Karman) 1.60%
  7. Red Ventures T/L B2 1.54%
  8. Centurylink T/L B (1/20) 1.54%
  9. Intelsat Jackson Holdings T/L B4 1.50%
  10. Garda World Security T/L B (10/19) 1.45%

Asset Allocation

Weighting Return Low Return High XAFTX % Rank
Bonds
94.53% 17.13% 102.42% 55.81%
Cash
4.59% -2.53% 82.86% 35.88%
Stocks
0.57% 0.00% 6.23% 21.59%
Preferred Stocks
0.31% 0.00% 19.93% 13.95%
Other
0.00% -4.37% 11.49% 62.13%
Convertible Bonds
0.00% 0.00% 2.69% 52.49%

Stock Sector Breakdown

Weighting Return Low Return High XAFTX % Rank
Healthcare
100.00% 0.00% 100.00% 0.46%
Utilities
0.00% 0.00% 100.00% 29.17%
Technology
0.00% 0.00% 100.00% 37.50%
Real Estate
0.00% 0.00% 44.21% 18.52%
Industrials
0.00% 0.00% 100.00% 44.91%
Financial Services
0.00% 0.00% 100.00% 26.85%
Energy
0.00% 0.00% 100.00% 66.67%
Communication Services
0.00% 0.00% 100.00% 65.28%
Consumer Defense
0.00% 0.00% 99.68% 25.00%
Consumer Cyclical
0.00% 0.00% 99.69% 56.48%
Basic Materials
0.00% 0.00% 20.95% 27.31%

Stock Geographic Breakdown

Weighting Return Low Return High XAFTX % Rank
US
0.57% 0.00% 2.93% 21.26%
Non US
0.00% -0.18% 3.40% 40.86%

Bond Sector Breakdown

Weighting Return Low Return High XAFTX % Rank
Corporate
95.38% 0.00% 99.99% 42.33%
Cash & Equivalents
4.62% 0.00% 82.87% 42.00%
Derivative
0.00% 0.00% 11.97% 20.33%
Securitized
0.00% 0.00% 100.00% 50.00%
Municipal
0.00% 0.00% 0.14% 19.00%
Government
0.00% 0.00% 8.64% 17.67%

Bond Geographic Breakdown

Weighting Return Low Return High XAFTX % Rank
US
94.53% 6.20% 99.92% 4.98%
Non US
0.00% 0.00% 93.19% 97.01%

XAFTX - Expenses

Operational Fees

XAFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.01% 0.01% 27.10% 2.77%
Management Fee 1.00% 0.00% 1.73% 90.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

XAFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

XAFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

XAFTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.20% 5.00% 412.00% 93.81%

XAFTX - Distributions

Dividend Yield Analysis

XAFTX Category Low Category High XAFTX % Rank
Dividend Yield 0.00% 0.00% 4.13% 18.69%

Dividend Distribution Analysis

XAFTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XAFTX Category Low Category High XAFTX % Rank
Net Income Ratio 7.23% 1.57% 9.15% 1.04%

Capital Gain Distribution Analysis

XAFTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XAFTX - Fund Manager Analysis

Managers

Alexander Wright


Start Date

Tenure

Tenure Rank

Feb 24, 2011

9.69

9.7%

Mr. Wright joined Apollo in 2011 and will serve as a portfolio manager of the Fund. Prior to joining Apollo, Mr. Wright was with GSC Group where he served in a variety of different roles most recently as the Chief Administrative Officer and Chief Financial Officer. Prior to these executive roles he was the head of the U.S. Corporate Debt business. From 2003 to 2007, Mr. Wright served as head of origination for the U.S. Corporate Debt business. Prior to that, Mr. Wright was with IBJ Whitehall Bank & Trust Corporation and Chemical Banking Corporation. Mr. Wright graduated from Rutgers College with a BA degree in Political Science and a minor in Economics, and from Fordham University with an MBA degree.

Joseph Moroney


Start Date

Tenure

Tenure Rank

Feb 24, 2011

9.69

9.7%

Mr. Moroney is the Co-Head of the Corporate Credit platform of Apollo Credit Management, L.P. Mr. Moroney joined Apollo in 2008. Prior to that time, Mr. Moroney was with Aladdin Capital Management where he most recently served as the Senior Managing Director and Senior Portfolio Manager in the Leveraged Loan Group. Mr. Moroney’s career focused in financial advisory and investment management, with experience at various leading financial services firms including Merrill Lynch Investment Managers. Mr. Moroney graduated from Rutgers University with a BS in Ceramic Engineering, and he is also a Chartered Financial Analyst.

Bret Leas


Start Date

Tenure

Tenure Rank

Feb 24, 2011

9.69

9.7%

Mr. Leas joined Apollo in 2009. Prior to that time, Mr. Leas was a Director at Barclays Capital where he served in a variety of different roles, most recently as a member of the Credit Structuring Group. From 2000 to 2004 he was an attorney at Weil,Gotshal & Manges LLP in the Structured Finance/Derivatives Group, primarily focusing on asset-backed securities, CDOs and credit derivatives. Mr. Leas graduated cum laude from the University of Maryland with a BA in History and received his JD, cum laude, from Georgetown University Law Center.

Robert Ruberton


Start Date

Tenure

Tenure Rank

Feb 24, 2011

9.69

9.7%

Mr. Ruberton is the Adviser’s portfolio manager for European investments. Mr. Ruberton joined Apollo in 2004, and has had investment responsibilities across multiple credit funds managed by Apollo affiliates. Previously, Mr. Ruberton was with Arsenal Capital Partners, a middle-market private equity fund, from December 2000 through June 2004. From August 1997 through December 2000, Mr. Ruberton was an investment banker at Donaldson, Lufkin & Jenrette in the Leveraged Finance Group. Mr. Ruberton graduated cum laude from Harvard College with an AB in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 25.52 5.64 1.67