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Trending ETFs

Apollo Diversified Credit Fund

mutual fund
CRDTX
Payout Change
Pending
Price as of:
$22.29 +0.01 +0.04%
primary theme
Bond Sector Diversified
CRDTX (Mutual Fund)

Apollo Diversified Credit Fund

Payout Change
Pending
Price as of:
$22.29 +0.01 +0.04%
primary theme
Bond Sector Diversified
CRDTX (Mutual Fund)

Apollo Diversified Credit Fund

Payout Change
Pending
Price as of:
$22.29 +0.01 +0.04%
primary theme
Bond Sector Diversified

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.29

$1.01 B

8.71%

$1.94

3.10%

Vitals

YTD Return

12.1%

1 yr return

12.6%

3 Yr Avg Return

4.3%

5 Yr Avg Return

4.8%

Net Assets

$1.01 B

Holdings in Top 10

21.9%

52 WEEK LOW AND HIGH

$22.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.10%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.29

$1.01 B

8.71%

$1.94

3.10%

CRDTX - Profile

Distributions

  • YTD Total Return 12.1%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.26%
DIVIDENDS
  • Dividend Yield 8.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Apollo Diversified Credit Fund
  • Fund Family Name
    Apollo Funds
  • Inception Date
    Apr 04, 2017
  • Shares Outstanding
    2770496
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chris Lahoud

Fund Description


CRDTX - Performance

Return Ranking - Trailing

Period CRDTX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -11.3% 18.7% 2.79%
1 Yr 12.6% -9.7% 20.8% 5.57%
3 Yr 4.3%* -16.6% 16.9% 12.06%
5 Yr 4.8%* -14.7% 13.4% 7.86%
10 Yr N/A* -7.1% 6.9% N/A

* Annualized

Return Ranking - Calendar

Period CRDTX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -12.0% 8.9% 16.69%
2022 -15.0% -31.8% 18.4% 69.26%
2021 2.0% -16.2% 25.7% 6.23%
2020 -3.5% -31.1% 18.7% 85.56%
2019 3.6% -6.1% 15.3% 64.93%

Total Return Ranking - Trailing

Period CRDTX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -11.3% 18.7% 2.79%
1 Yr 12.6% -9.7% 20.8% 5.57%
3 Yr 4.3%* -16.6% 16.9% 12.06%
5 Yr 4.8%* -14.7% 13.4% 7.86%
10 Yr N/A* -7.1% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CRDTX Return Category Return Low Category Return High Rank in Category (%)
2023 14.0% -6.9% 22.2% 2.01%
2022 -7.4% -31.8% 21.1% 39.30%
2021 10.3% -13.5% 49.9% 4.59%
2020 3.0% -28.6% 24.1% 72.55%
2019 3.6% -4.8% 19.1% 92.49%

NAV & Total Return History


CRDTX - Holdings

Concentration Analysis

CRDTX Category Low Category High CRDTX % Rank
Net Assets 1.01 B 2.63 M 143 B 42.68%
Number of Holdings 293 4 9638 65.68%
Net Assets in Top 10 220 M -204 M 89.4 B 46.80%
Weighting of Top 10 21.93% 5.8% 265.8% 61.16%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 5.19%
  2. ARDAGH INV, First Lien Term Loan 2.40%
  3. Carvana Auto Receivables Trust 2024-N2 2.21%
  4. CommScope LLC, First Lien Term Loan 2.10%
  5. BDO USA, Term Loan, First Lien Term Loan 1.94%
  6. Avalara Inc., First Lien Term Loan 1.82%
  7. Bausch Health Americas, Inc., First Lien Term Loan 1.67%
  8. ASDA, First Lien Term Loan 1.60%
  9. ZENDESK TL SOFR+500 11/22/28 AMD1 1.51%
  10. FIRE FLOW TL SOFR+500 7/10/31 1.48%

Asset Allocation

Weighting Return Low Return High CRDTX % Rank
Bonds
118.18% 0.00% 199.60% 8.42%
Cash
5.19% -94.66% 99.97% 35.88%
Stocks
0.38% -6.18% 99.68% 50.08%
Preferred Stocks
0.00% 0.00% 21.58% 48.36%
Convertible Bonds
0.00% 0.00% 33.50% N/A
Other
-15.48% -75.22% 147.15% 97.82%

Stock Sector Breakdown

Weighting Return Low Return High CRDTX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 28.30% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 18.60% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 99.97% N/A
Consumer Cyclical
0.00% 0.00% 89.95% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High CRDTX % Rank
US
0.38% -6.18% 99.68% 48.05%
Non US
0.00% -0.30% 17.73% 24.80%

Bond Sector Breakdown

Weighting Return Low Return High CRDTX % Rank
Cash & Equivalents
5.19% 0.00% 94.89% 33.33%
Securitized
0.00% 0.00% 99.65% N/A
Corporate
0.00% 0.00% 96.66% N/A
Municipal
0.00% 0.00% 54.26% N/A
Government
0.00% 0.00% 99.43% N/A
Derivative
-19.75% -75.22% 147.15% 98.75%

Bond Geographic Breakdown

Weighting Return Low Return High CRDTX % Rank
US
96.81% 0.00% 199.60% 18.88%
Non US
21.37% 0.00% 74.14% 16.69%

CRDTX - Expenses

Operational Fees

CRDTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.10% 0.03% 34.13% 5.44%
Management Fee 1.85% 0.00% 2.29% 96.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

CRDTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 1.69%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

CRDTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

CRDTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 45.47%

CRDTX - Distributions

Dividend Yield Analysis

CRDTX Category Low Category High CRDTX % Rank
Dividend Yield 8.71% 0.00% 23.30% 11.28%

Dividend Distribution Analysis

CRDTX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

CRDTX Category Low Category High CRDTX % Rank
Net Income Ratio 6.26% -1.55% 11.51% 5.86%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CRDTX - Fund Manager Analysis

Managers

Chris Lahoud


Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Chris Lahoud — Partner, Credit. Mr. Lahoud is a Partner within Opportunistic Credit, focusing on liquid stressed/distressed credit and work-out situations. Before joining Apollo in 2018, Mr. Lahoud was a Managing Director at Deutsche Bank from July 2011 to July 2018, during which time he ran the Distressed Product Group, responsible for distressed trading, research and sourcing. Prior to that, Mr. Lahoud was an Associate at Citigroup from July 2006 to June 2011. Mr. Lahoud graduated from the University of Richmond with a degree in Accounting, Economics and Finance.

James Vanek


Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Mr. Vanek is a Partner and the Co-Head of Apollo’s Global Performing Credit business and serves as a Portfolio Manager of the registrant. Prior to joining Apollo in 2008, Mr. Vanek was an Associate Director, Loan Sales & Trading in the Leveraged Finance group at Bear Stearns. He is a board member of the Loan Syndications and Trading Association, a leading advocate for the U.S. syndicated loan market. Mr. Vanek graduated from Duke University with a BS in Economics and a BA in Computer Science, and received his MBA from Columbia Business School.

Earl Hunt


Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Earl Hunt — Partner, Credit. Mr. Hunt has been with Apollo Global Management, Inc. and/or its affiliates since 2021. Prior to joining Apollo, Mr. Hunt was a Partner in the Global Markets division at Goldman Sachs. He also served as a member of Goldman Sachs’s Partnership Committee, Global Markets Operating Committee, and was co-chair of the Global Markets Inclusion and Diversity Committee. Previously, Mr. Hunt was co-head of U.S. Distressed and Par Loan sales in the Leveraged Finance Sales Group at Goldman Sachs. Prior to joining Goldman Sachs in 2015, Mr. Hunt worked at Citi for 11 years, where he was a director in Leveraged Finance sales. Mr. Hunt is a member of the Board of Trustees of Brown University. Mr. Hunt earned a BA in Economics from Brown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19