- Last Ratings Update:07/31/2014
- Price as of 07/31/2014 :$17.58
- Net Assets:$297.73 Million
- Peer Rank:11 of 25
- Investment Rating:C
We rate Apollo Senior Floating Rate Fd Inc at C. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a low price volatility. The fund may be considered for investors seeking a Loan Participation strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The Apollo Senior Floating Rate Fd Inc has returned an annual rate of 3.09% since inception. More recently, the fund has generated a total return of 8.75% in the last three years, -1.85% in the last year, and 0.20% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 44% of them. It has also outpaced 11% of its competitors on a one year basis for the period ending 7/31/2014. On a year to date basis, AFT has returned 0.58%.
Downside risk has been below average. AFT has a draw down risk of -13.53%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.4%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 7/31/2014, the fund was trading at a price of $17.58, which is 3.1% below its 52-week high of $18.15 and 0.2% above its 52-week low of $17.55.
High expense ratio hinders performance. On total assets of $297.73 million, AFT maintains a high expense ratio compared to its Loan Participation peers of 3.00% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AFT is a closed end fund, it has no front end or back end load.
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