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Apollo Tactical Income Fund (AIF)

Taxable Bond Funds - Loan Participation

Data as of Sept. 20, 2023
Market Price $13.54 (+ $0.07)
NAV (Sept. 20, 2023) $14.83 ( $0.00)
Fund Listed NYSE
Premium / Discount -8.70% (+0.47%)
Fund Info
Inception Feb. 26, 2013
Sponsor Apollo Global Management, LLC
Phone 1-888-301-3838
Location New York
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: Current income and preservation of capital; Senior loans, corporate bonds and credit instruments
Related Indexes
High Income Index
US Bond Index
Capital & Leverage
Outstanding Shares 14,464,026
Total Assets (Reported: June 30, 2023) $336M
Estimated Total Assets $339M
Net Assets $215M
Market Cap $196M
Portfolio Turnover 90.90%
Total Leverage 36.73%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 6.23%
Non Lev Exp Ratio 2.53%
Rel Lev Cost 6.25%
Discount Data
Average Discount (3 Yr) -10.93%
Discount Low(3 Yr) -18.45%
Discount High(3 Yr) -3.96%
Discount Rel Range (3 Yr) 67.30%
Comp Discount 0.31
Discount St Dev (1Yr) 1.57
Z-Stat (6mo) 2.56
Z-Stat (1Yr) 2.41
Z-Stat (3Yr) 0.70
Comp Z-Stat (6mo) 1.27
Comp Z-Stat (3Yr) 0.92
Distribution Data
Market Yield 10.81%
Income Yield 10.81%
Lev Adj NAV Yield 7.22%
Distribution Frequency M
Current Distribution $0.122
Current Income $0.122
Ex-Date 9/21/23
Payable Date 9/29/23
Div Growth (3yr) 79.41%
Dividend Change 6.1% on 12/7/22
Expected Div 10/9/23
RoC (1yr) 0.00%
RoC (3yr) 0.37%
Tax Dividend Data 2022 2020 - 2022
Income 100% 99.6%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0.4%
Volume & Liquidity
Average Daily $ (K) $1,103
Avg Volume 30 day 140,126
Avg Volume 90 day 81,431
Volume Trend 72.08%
Comp Volume Trend 66.66%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): ARDC 82.0%
NAV - Price Correlation (30 d) 65.3%
NAV - Price Correlation (90 d) 87.0%
NAV - Price Correlation (1 Yr) 87.8%
Price St Dev (1Yr) 11.9%
NAV St Dev (1Yr) 4.7%
Earnings / Share (6/30/23) $0.131
Earn Coverage 107.38%
Earnings Trend Up
UNII / Share (6/30/23) $0.072
Rel UNII 4.89
UNII Trend Up
Bond Specific Data
Maturity 5.11
Duration 3.57
Credit Rating (rbo) B
Investment Grade 0%
Non Investment Grade 71.10%
Unrated Bonds 28.90%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index

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NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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