FRA - Apollo Senior Floating Rate Fund: Discounted And Distribution Heading In The Right Direction
- AFT was another of the floating rate funds that was worth taking a further dive into.
- This fund had cut its distribution quite aggressively but has been increasing over the last year.
- Due to the floating rate characteristic of the underlying holdings, when interest rates head higher, the earnings for this fund should also head higher.
For further details see:
Apollo Senior Floating Rate Fund: Discounted And Distribution Heading In The Right Direction