XAIFX: Apollo Tactical Income Fund Inc. - MutualFunds.com

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Apollo Tactical Income

XAIFX - Snapshot

Vitals

  • YTD Return -4.8%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $222 M
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$16.06
$11.67
$17.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.03%

SALES FEES

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

BROKERAGE FEES

  • Turnover 112.30%

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 High Yield Bond

Compare XAIFX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

0.00%

$27.58 B

4.78%

$0.28

-0.50%

-

$7.69

0.00%

$25.49 B

5.27%

$0.41

-1.03%

-

$86.41

+0.16%

$23.82 B

4.89%

$4.22

-1.74%

-

$5.45

0.00%

$20.11 B

5.80%

$0.32

-2.33%

-

$9.99

+0.10%

$16.76 B

5.69%

$0.57

-0.89%

-

XAIFX - Profile

Distributions

  • YTD Total Return -4.8%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Apollo Tactical Income Fund Inc.
  • Fund Family Name
    Apollo Credit Management, LLC
  • Inception Date
    Feb 26, 2013
  • Shares Outstanding
    14464026
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joseph Moroney

Fund Description

N/A


XAIFX - Performance

Return Ranking - Trailing

Period XAIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -48.4% 391.7% 91.48%
1 Yr -0.3% -54.3% 9.9% 81.99%
3 Yr 2.9%* -21.8% 8.3% 58.99%
5 Yr 5.5%* -0.9% 9.0% 27.36%
10 Yr N/A* 0.7% 9.2% N/A

* Annualized

Return Ranking - Calendar

Period XAIFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% -10.3% 226.1% 84.73%
2018 -7.7% -18.4% -0.2% 35.62%
2017 1.7% -9.5% 18.8% 29.00%
2016 6.5% -9.1% 28.6% 72.42%
2015 -12.2% -34.3% 3.5% 82.85%

Total Return Ranking - Trailing

Period XAIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -48.4% 391.7% 91.48%
1 Yr -0.3% -54.3% 9.9% 69.31%
3 Yr 2.9%* -21.8% 8.3% 51.01%
5 Yr 5.5%* -1.1% 9.0% 23.96%
10 Yr N/A* 0.7% 9.2% N/A

* Annualized

Total Return Ranking - Calendar

Period XAIFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% -8.1% 23.9% 85.88%
2018 -7.7% -18.4% 1.3% 48.40%
2017 1.7% -8.5% 18.8% 45.33%
2016 6.5% -9.1% 39.0% 78.47%
2015 -12.2% -32.4% 3.5% 84.59%

NAV & Total Return History


XAIFX - Holdings

Concentration Analysis

XAIFX Category Low Category High XAIFX % Rank
Net Assets 222 M 3.33 M 27.6 B 62.35%
Number of Holdings 167 1 2239 78.15%
Net Assets in Top 10 53 M -492 M 2.87 B 51.97%
Weighting of Top 10 16.28% 3.4% 100.0% 31.03%

Top 10 Holdings

  1. Endo Luxembourg Finance T/L B 2.15%
  2. Vertafore T/L B 1.88%
  3. Intelsat Jackson Holdings T/L B4 1.77%
  4. Ivanti Software (Landesk) T/L 1.73%
  5. Petsmart T/L B-2 1.58%
  6. Intelsat Jackson Holdings T/L B5 (Fixed) 1.56%
  7. TransDigm, Inc. 6.25% 1.54%
  8. Centurylink T/L B (1/20) 1.44%
  9. Petco Animal Supplies 2nd Amend T/L B1 1.32%
  10. William Morris Endeavor Entertainment T/L B 1.32%

Asset Allocation

Weighting Return Low Return High XAIFX % Rank
Bonds
96.06% 0.00% 141.18% 31.89%
Cash
3.04% -48.94% 100.00% 53.87%
Stocks
0.55% -28.46% 28.23% 32.43%
Preferred Stocks
0.34% 0.00% 7.97% 26.46%
Other
0.00% -2.78% 58.14% 86.16%
Convertible Bonds
0.00% 0.00% 19.96% 94.84%

Stock Sector Breakdown

Weighting Return Low Return High XAIFX % Rank
Healthcare
100.00% 0.00% 100.00% 0.22%
Utilities
0.00% 0.00% 99.51% 84.68%
Technology
0.00% 0.00% 46.47% 84.46%
Real Estate
0.00% 0.00% 100.00% 83.59%
Industrials
0.00% 0.00% 100.00% 88.40%
Financial Services
0.00% 0.00% 100.00% 86.00%
Energy
0.00% 0.00% 100.00% 95.19%
Communication Services
0.00% 0.00% 100.00% 86.87%
Consumer Defense
0.00% 0.00% 52.26% 81.40%
Consumer Cyclical
0.00% 0.00% 100.00% 88.18%
Basic Materials
0.00% 0.00% 100.00% 84.68%

Stock Geographic Breakdown

Weighting Return Low Return High XAIFX % Rank
US
0.55% -28.07% 19.67% 31.75%
Non US
0.00% -0.39% 13.32% 85.21%

Bond Sector Breakdown

Weighting Return Low Return High XAIFX % Rank
Corporate
91.23% 0.00% 100.00% 75.00%
Securitized
5.71% 0.00% 95.38% 5.84%
Cash & Equivalents
3.06% 0.00% 100.00% 59.65%
Derivative
0.00% 0.00% 51.02% 80.71%
Municipal
0.00% 0.00% 16.25% 79.35%
Government
0.00% 0.00% 74.11% 85.73%

Bond Geographic Breakdown

Weighting Return Low Return High XAIFX % Rank
US
96.06% 0.00% 127.79% 1.76%
Non US
0.00% -27.40% 96.73% 99.73%

XAIFX - Expenses

Operational Fees

XAIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.03% 0.04% 20.17% 0.97%
Management Fee 1.00% 0.00% 1.84% 97.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

XAIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

XAIFX 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.

XAIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 112.30% 1.00% 349.00% 91.71%

XAIFX - Distributions

Dividend Yield Analysis

XAIFX Category Low Category High XAIFX % Rank
Dividend Yield 0.00% 0.00% 6.07% 80.81%

Dividend Distribution Analysis

XAIFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

XAIFX Category Low Category High XAIFX % Rank
Net Income Ratio 7.53% -0.81% 10.03% 2.21%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

XAIFX - Fund Manager Analysis

Managers

Joseph Moroney


Start Date

Tenure

Tenure Rank

Feb 26, 2013

7.68

7.7%

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 26, 2013

7.68

7.7%

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.

Greg Obenshain


Start Date

Tenure

Tenure Rank

Feb 26, 2013

7.68

7.7%

Alexander Wright


Start Date

Tenure

Tenure Rank

Feb 26, 2013

7.68

7.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.21 6.49 1.34
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