NYSE:AFT

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• Apollo Senior Floating Rate Fund Inc. (NYSE:AFT)
• Yield: 11.83%
• Shares for $15,000: 1,056
• Total monthly dividend income: ~$147.88

Based in Midtown Manhattan, New York City, Apollo Asset Management is one of the premier asset management companies in the finance industry. It has recently been in the news over its bid for Paramount Studios, most recently in possible collaboration with Sony. The Apollo Senior Floating Rate Fund uses the S&P/LSTA Leveraged Loan Index for its benchmark, and primarily invests in below investment grade bonds and senior secured loans. The average position size per issuer is $3.6 million, and average maturity is 4-5 years. Sector wise, 16.5% of the portfolio exposure is in business services, 14.6% is in high tech, and 14.2% is in healthcare and pharmaceutical, as of March, 2024.