Apollo Senior Floating Rate Fund (XAFTX) NPORT-P Apollo Senior Floating Rate Fund Inc. (Mar 2024 report)

Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Senior Loans - 136.7%(a)
AEROSPACE & DEFENSE - 2.3%
Peraton Corporation
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 02/01/28(c)	5,417,248	5,422,774
AUTOMOTIVE - 1.5%
Champions Financing, Inc.
First Lien Term Loan B, (3M SOFR + 4.75%, 0.00% Floor), 10.07%, 02/23/29(c)	2,250,000	2,261,250
Truck-Lite Co., LLC
First Lien Revolving Term Loan, (3M SOFR + 5.75%, 0.75% Floor), 11.06%, 02/13/30(c)(d)	4,444	4,344
First Lien Term Loan, (3M SOFR + 5.75%, 0.75% Floor), 11.06%, 02/13/31(c)(d)	1,233,333	1,205,583
		3,471,177
BANKING, FINANCE, INSURANCE & REAL ESTATE - 14.7%
Apex Group Treasury, LLC
First Lien Term Loan, (3M SOFR + 3.75%, 0.50% Floor), 9.33%, 07/27/28(c)	2,904,388	2,906,203
First Lien Term Loan, (3M SOFR + 5.00%, 0.50% Floor), 10.32%, 07/27/28(c)	1,542,969	1,550,684
Asurion, LLC
First Lien Term Loan B9, (1M SOFR + 3.25%, 0.00% Floor), 8.69%, 07/31/27(c)	994,872	958,455
Second Lien Term Loan B4, (1M SOFR + 5.25%, 0.00% Floor), 10.69%, 01/20/29(c)	3,866,174	3,477,449
Higginbotham Insurance Agency, Inc.
First Lien First AMD Delayed Draw Term Loan, (1M SOFR + 5.50%, 1.00% Floor), 10.93%, 11/24/28(c)(d)	248,919	248,919
First Lien Term Loan, (1M SOFR + 5.50%, 1.00% Floor), 10.93%, 11/24/28(c)(d)	853,749	853,749
First Lien Third AMD Delayed Draw Term Loan, (1M SOFR + 5.50%, 1.00% Floor), 10.93%, 11/24/28(c)(d)	885,187	885,187
Howden Group Holdings Ltd (United Kingdom)
First Lien Term Loan B, (1M SOFR + 3.50%, 0.50% Floor), 8.83%, 02/15/31(c)(e)	4,750,000	4,758,906
Insight XI Aggregator, L.P. (Cayman Islands)
First Lien Term Loan, (4.35% PIK), (1M SOFR + 3.85%, 0.00% Floor), 9.18%, 08/28/24(c)(d)(e)(f)	2,996,782	2,996,782
Mercury Borrower, Inc.
First Lien Term Loan, (1M SOFR + 3.50%, 0.50% Floor), 8.94%, 08/02/28(c)	3,989,534	3,980,058
Redfin Corporation
First Lien Term Loan, (6M SOFR + 5.75%, 1.50% Floor), 11.24%, 10/20/28(c)(d)	1,741,250	1,689,013
SG Acquisition, Inc.
First Lien Incremental Term Loan, (3M SOFR + 6.00%, 0.50% Floor), 11.31%, 01/27/27(c)(d)	3,819,787	3,762,490
First Lien Term Loan, (3M SOFR + 6.00%, 0.50% Floor), 11.31%, 01/27/27(c)(d)	423,404	417,053
Stretto, Inc.
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.31%, 10/13/28(c)(d)	6,000,000	5,925,000
		34,409,948
CAPITAL EQUIPMENT - 4.1%
Cube Industrials Buyer, Inc.
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.30%, 10/18/30(c)(d)	3,586,207	3,541,379
Husky Technologies Limited (Canada)
First Lien Term Loan B, (SOFR + 5.00%, 0.00% Floor), 5.50%, 01/31/29(b)(c)(e)	3,675,343	3,689,511
JPW Industries Holding Corporation
First Lien Term Loan, (3M SOFR + 5.88%, 2.00% Floor), 11.20%, 11/22/28(c)(d)	2,493,750	2,431,406
		9,662,296
CHEMICALS, PLASTICS, & RUBBER - 7.4%
LSF11 A5 Holdco LLC
First Lien Term Loan, (1M SOFR + 3.50%, 0.50% Floor), 8.94%, 10/15/28(c)	3,705,293	3,711,314
First Lien Term Loan, (1M SOFR + 4.25%, 0.50% Floor), 9.68%, 10/15/28(c)	5,892,322	5,909,262
Luxembourg Investment Company 437 SARL (Luxembourg)
First Lien Term Loan, (2.00% PIK), (1M SOFR + 10.00%, 1.00% Floor), 15.65%, 04/30/24(c)(d)(f)	815,421	407,710
First Lien Term Loan B, (6M SOFR + 5.00%, 0.50% Floor), 0.00%, 01/03/29(c)(e)(g)(j)	4,719,027	1,334,800
Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Senior Loans - 136.7%(a) (continued)
CHEMICALS, PLASTICS, & RUBBER - 7.4% (continued)
Olympus Water US Holding Corporation
First Lien Term Loan B, (3M SOFR + 4.25%, 0.50% Floor), 9.57%, 11/09/28(c)	4,654,737	4,675,125
W.R. Grace Holdings, LLC
First Lien Term Loan B, (3M SOFR + 3.75%, 0.50% Floor), 9.32%, 09/22/28(c)	1,417,606	1,421,887
		17,460,098
CONSTRUCTION & BUILDING - 0.9%
Foundation Building Materials, Inc.
First Lien Term Loan B2, (3M SOFR + 4.00%, 0.00% Floor), 9.31%, 01/29/31(c)	2,000,000	2,010,880
CONSUMER GOODS: DURABLE - 0.9%
Poly-Wood, LLC
First Lien Term Loan, (3M SOFR + 5.75%, 1.00% Floor), 11.08%, 03/20/30(c)(d)	1,454,545	1,421,818
Varsity Brands Holding Co., Inc.
First Lien Term Loan, (1M SOFR + 5.00%, 1.00% Floor), 10.44%, 12/15/26(b)(c)	605,253	608,658
		2,030,476
CONSUMER GOODS: NON-DURABLE - 5.2%
ABG Intermediate Holdings 2 LLC
First Lien Term Loan, (1M SOFR + 3.50%, 0.50% Floor), 8.93%, 12/21/28(c)	4,216,960	4,238,045
Amer Sports Company (Finland)
First Lien Term Loan B, (3M SOFR + 3.25%, 0.00% Floor), 8.58%, 02/17/31(c)(e)	705,882	707,647
Iconix Brand Group
First Lien Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.46%, 08/22/29(c)(d)	1,776,923	1,759,154
First Lien Incremental Term Loan, (3M SOFR + 6.00%, 1.00% Floor), 11.46%, 08/22/29(c)(d)	815,761	807,603
KDC/ONE Development Corporation, Inc. (Canada)
First Lien Term Loan, (1M SOFR + 5.00%, 0.00% Floor), 10.33%, 08/15/28(c)(e)	2,827,596	2,836,433
Protein For Pets Opco, LLC
First Lien Term Loan, (1M SOFR + 5.25%, 1.00% Floor), 10.57%, 09/22/30(c)(d)	905,660	887,547
The Men's Wearhouse, LLC
First Lien Term Loan, (3M SOFR + 6.50%, 0.00% Floor), 11.82%, 02/26/29(c)	1,000,000	995,000
		12,231,429
CONTAINERS, PACKAGING & GLASS - 6.2%
Anchor Glass Container Corporation
First Lien Term Loan, (3.75% PIK), (3M/6M SOFR + 5.00%, 1.00% Floor), 10.82%, 12/07/25(c)(f)	5,834,037	4,940,700
Berlin Packaging L.L.C.
First Lien Term Loan B, (1M/3M SOFR + 3.75%, 0.50% Floor), 9.20%, 03/11/28(c)	2,286,155	2,291,608
Trident TPI Holdings, Inc.
First Lien Incremental Term Loan, (3M SOFR + 5.25%, 0.50% Floor), 10.56%, 09/15/28(c)	1,317,538	1,324,600
First Lien Term Loan B3, (3M SOFR + 4.00%, 0.50% Floor), 9.57%, 09/15/28(c)	5,935,422	5,944,889
		14,501,797
ENVIRONMENTAL INDUSTRIES - 3.8%
Dispatch Acquisition Holdings, LLC
First Lien Term Loan, (3M SOFR + 4.63%, 0.75% Floor), 10.08%, 03/27/28(c)	464,223	433,324
First Lien Term Loan B, (3M SOFR + 4.25%, 0.75% Floor), 9.70%, 03/27/28(c)	2,917,500	2,723,311
Heritage Environmental Services, Inc.
First Lien Term Loan, (3M SOFR + 5.50%, 0.75% Floor), 10.81%, 01/31/31(c)(d)	879,121	865,934
LTR Intermediate Holdings, Inc.
First Lien Term Loan, (1M SOFR + 4.50%, 1.00% Floor), 9.94%, 05/05/28(c)	5,224,764	4,919,977
		8,942,546
Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Senior Loans - 136.7%(a) (continued)
HEALTHCARE & PHARMACEUTICALS - 20.7%
Advarra Holdings, Inc.
First Lien Term Loan, (1M SOFR + 5.25%, 0.75% Floor), 10.58%, 08/24/29(c)(d)	6,339,601	6,371,299
Allied Benefit Systems Intermediate LLC
First Lien Term Loan, (1M SOFR + 5.25%, 0.75% Floor), 10.58%, 10/31/30(c)(d)	3,381,443	3,372,990
Athenahealth, Inc.
First Lien Term Loan B, (1M SOFR + 3.25%, 0.50% Floor), 8.58%, 02/15/29(c)	5,226,212	5,189,890
Azurity Pharmaceuticals, Inc.
First Lien Term Loan B, (1M SOFR + 6.62%, 0.75% Floor), 12.06%, 09/20/27(c)	2,624,835	2,624,835
Bausch Health Companies, Inc.
First Lien Term Loan B, (1M SOFR + 5.25%, 0.50% Floor), 10.68%, 02/01/27(c)	4,384,635	3,443,320
Gainwell Acquisition Corporation
First Lien Term Loan B, (3M SOFR + 4.00%, 0.75% Floor), 9.41%, 10/01/27(c)	8,454,648	8,102,723
Loire Finco Luxembourg SARL (United Kingdom)
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 04/21/27(c)(e)	1,940,818	1,902,972
LSCS Holdings, Inc.
First Lien Term Loan, (1M SOFR + 4.50%, 0.50% Floor), 9.94%, 12/16/28(c)	1,995,942	1,970,374
Medical Solutions Holdings, Inc.
First Lien Term Loan, (1M SOFR + 3.25%, 0.50% Floor), 8.68%, 11/01/28(c)	3,916,691	3,503,813
OMH-Healthedge Holdings, Inc.
First Lien Term Loan, (6M SOFR + 6.00%, 1.00% Floor), 11.23%, 10/08/29(c)(d)	5,413,534	5,332,331
Resonetics, LLC
First Lien Term Loan, (3M SOFR + 4.00%, 0.75% Floor), 9.60%, 04/28/28(c)	3,900,000	3,913,923
Star Parent, Inc.
First Lien Term Loan B, (3M SOFR + 4.00%, 0.00% Floor), 9.31%, 09/27/30(c)	1,000,000	995,190
Zest Acquisition Corp.
First Lien Term Loan, (1M SOFR + 5.50%, 0.00% Floor), 10.83%, 02/08/28(c)	1,975,000	1,967,594
		48,691,254
HIGH TECH INDUSTRIES - 19.6%
Anaplan, Inc.
First Lien Term Loan, (3M SOFR + 6.50%, 0.75% Floor), 11.81%, 06/21/29(c)(d)	5,650,529	5,707,034
Avalara, Inc.
First Lien Term Loan, (3M SOFR + 7.25%, 0.75% Floor), 12.56%, 10/19/28(c)(d)	4,545,455	4,579,546
Crewline Buyer, Inc.
First Lien Term Loan, (3M SOFR + 6.75%, 1.00% Floor), 12.06%, 11/08/30(c)(d)	1,811,321	1,784,151
DCert Buyer, Inc.
First Lien Term Loan, (1M SOFR + 4.00%, 0.00% Floor), 9.33%, 10/16/26(c)	4,556,711	4,541,195
Second Lien Term Loan, (1M SOFR + 7.00%, 0.00% Floor), 12.33%, 02/19/29(c)	3,927,401	3,566,865
Electronics for Imaging, Inc.
First Lien Term Loan, (3M SOFR + 5.00%, 0.00% Floor), 10.41%, 07/23/26(c)	4,845,588	3,690,739
Evergreen IX Borrower 2023, LLC
First Lien Term Loan, (3M SOFR + 6.00%, 0.75% Floor), 11.31%, 09/30/30(c)(d)	3,593,478	3,548,560
Flexera Software LLC
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.19%, 03/03/28(c)	3,337,934	3,350,251
Greeneden US Holdings II, LLC
First Lien Term Loan, (1M SOFR + 3.75%, 0.75% Floor), 9.19%, 12/01/27(c)	1,000,000	1,005,005
Imprivata, Inc.
Second Lien Term Loan, (3M SOFR + 6.25%, 0.50% Floor), 11.56%, 12/01/28(c)	2,205,882	2,117,647
Riverbed Technology, Inc.
First Lien Term Loan, (2.00% PIK), (3M SOFR + 4.50%, 1.00% Floor), 9.81%, 07/01/28(c)(f)	342,975	224,630
UKG, Inc.
First Lien Term Loan B, (3M SOFR + 3.50%, 0.00% Floor), 8.81%, 02/10/31(c)	2,992,188	3,011,352
Second Lien Term Loan, (3M SOFR + 5.25%, 0.50% Floor), 10.68%, 05/03/27(c)	655,172	662,134
Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Senior Loans - 136.7%(a) (continued)
HIGH TECH INDUSTRIES - 19.6% (continued)
Virtusa Corporation
First Lien Term Loan, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 02/15/29(c)	3,701,970	3,713,539
Zendesk, Inc.
First Lien Term Loan, (3.25% PIK), (3M SOFR + 6.25%, 0.75% Floor), 11.57%, 11/22/28(c)(d)(f)	4,534,730	4,534,730
		46,037,378
HOTEL, GAMING & LEISURE - 1.3%
Caesars Entertainment, Inc.
First Lien Term Loan B1, (3M SOFR + 2.75%, 0.50% Floor), 8.04%, 02/06/31(c)	3,000,000	3,006,090
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 8.0%
Associations Inc.
First Lien 4th Incremental Term Loan, (2.50% PIK), (3M SOFR + 6.50%, 1.00% Floor), 12.06%, 07/02/27(c)(d)(f)	361,404	361,405
First Lien Term Loan, (2.50% PIK), (3M SOFR + 6.50%, 1.00% Floor), 12.09%, 07/02/27(c)(d)(f)	3,128,585	3,128,585
Houghton Mifflin Harcourt Company
First Lien Term Loan B, (1M SOFR + 5.25%, 0.50% Floor), 10.68%, 04/09/29(c)	4,652,109	4,623,033
McGraw-Hill Education, Inc.
First Lien Term Loan, (1M SOFR + 4.75%, 0.50% Floor), 10.19%, 07/28/28(c)	6,167,654	6,186,373
Planet US Buyer LLC
First Lien Term Loan B, (3M SOFR + 3.50%, 0.00% Floor), 8.81%, 02/07/31(c)	1,500,000	1,506,660
R. R. Donnelley & Sons Company
First Lien Term Loan B, (1M SOFR + 5.00%, 0.75% Floor), 10.43%, 03/28/26(c)(d)	3,089,478	3,043,136
		18,849,192
MEDIA: BROADCASTING & SUBSCRIPTION - 1.6%
Anuvu Holdings 2, LLC
First Lien Term Loan, (3M SOFR + 8.00%, 1.00% Floor), 13.41%, 03/24/25(c)	2,479,047	2,243,537
First Lien Term Loan, (8.25% PIK), (3M SOFR + 8.25%, 1.00% Floor), 13.66%, 03/23/26(c)(d)(f)	2,247,877	1,438,641
		3,682,178
RETAIL - 3.6%
Claire's Stores, Inc.
First Lien Term Loan B, (1M SOFR + 6.50%, 0.00% Floor), 11.93%, 12/18/26(c)	2,003,020	1,908,878
EG Group Limited (United Kingdom)
First Lien Term Loan, (3M SOFR + 5.50%, 0.00% Floor), 11.26%, 02/07/28(c)(e)	1,985,025	1,980,062
PetSmart, Inc.
First Lien Term Loan, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 02/11/28(c)	4,678,815	4,673,949
		8,562,889
SERVICES: BUSINESS - 22.7%
Advantage Sales & Marketing Inc.
First Lien Term Loan B1, (3M SOFR + 4.50%, 0.75% Floor), 10.09%, 10/28/27(c)	2,943,153	2,952,557
Allied Universal Holdco LLC
First Lien Term Loan, (1M SOFR + 3.75%, 0.50% Floor), 9.18%, 05/12/28(c)	6,500,559	6,499,519
BDO USA, P.A.
First Lien Term Loan, (1M SOFR + 6.00%, 2.00% Floor), 11.33%, 08/31/28(c)(d)	7,960,000	7,811,944
Carestream Health, Inc.
First Lien Term Loan, (3M SOFR + 7.50%, 1.00% Floor), 12.91%, 09/30/27(c)	116,276	100,397
Coretrust Purchasing Group LLC
First Lien Term Loan, (1M SOFR + 6.50%, 0.75% Floor), 11.83%, 10/01/29(c)(d)	2,294,267	2,236,910
Deerfield Dakota Holding, LLC
First Lien Term Loan, (3M SOFR + 3.75%, 1.00% Floor), 9.06%, 04/09/27(c)	6,189,712	6,166,934
eResearchTechnology, Inc.
First Lien Term Loan B, (1M SOFR + 4.50%, 1.00% Floor), 9.94%, 02/04/27(c)	6,294,529	6,320,652
Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Senior Loans - 136.7%(a) (continued)
SERVICES: BUSINESS - 22.7% (continued)
Garda World Security Corporation (Canada)
First Lien Term Loan B, (3M SOFR + 4.25%, 0.00% Floor), 9.58%, 02/01/29(c)(e)	8,248,329	8,274,146
Ingenovis Health, Inc.
First Lien Term Loan, (3M SOFR + 4.25%, 0.50% Floor), 9.65%, 03/06/28(c)	987,500	898,625
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.19%, 03/06/28(c)	3,903,417	3,535,832
Solera, LLC
First Lien Term Loan B, (3M SOFR + 4.00%, 0.50% Floor), 9.57%, 06/02/28(c)	3,972,595	3,938,769
Second Lien Term Loan, (3M SOFR + 9.00%, 1.00% Floor), 14.44%, 06/04/29(c)	2,969,201	2,971,057
Wellsky
First Lien Term Loan, (1M SOFR + 3.50%, 0.00% Floor), 8.94%, 03/10/28(c)	1,500,000	1,503,750
		53,211,092
SERVICES: CONSUMER - 3.4%
2U, Inc.
First Lien Term Loan B, (3M SOFR + 6.50%, 0.75% Floor), 11.81%, 12/28/26(c)	1,468,320	1,396,739
Excelligence Learning Corporation
First Lien Revolving Term Loan, (1M SOFR + 5.75%, 1.00% Floor), 10.85%, 01/18/30(c)(d)	166,163	162,840
First Lien Term Loan, (3M SOFR + 5.75%, 1.00% Floor), 11.08%, 01/18/30(c)(d)	3,452,055	3,383,014
Mavis Tire Express Services Corporation
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.08%, 05/04/28(c)	2,977,232	2,985,688
		7,928,281
TELECOMMUNICATIONS - 7.4%
CommScope, Inc.
First Lien Term Loan B, (1M SOFR + 3.25%, 0.00% Floor), 8.69%, 04/06/26(c)	3,876,655	3,508,373
Flight Bidco, Inc.
First Lien Term Loan, (1M SOFR + 3.50%, 0.00% Floor), 8.94%, 07/23/25(c)	2,570,607	2,538,475
MLN US Holdco LLC
First Lien Second Out Term Loan, (3M SOFR + 6.70%, 1.00% Floor), 12.11%, 10/18/27(c)(d)	3,807,495	2,684,284
First Lien Term Loan, (3M SOFR + 6.44%, 1.00% Floor), 11.85%, 10/18/27(c)(d)	638,138	599,850
Orbcomm, Inc.
First Lien Term Loan, (3M SOFR + 4.25%, 0.75% Floor), 9.85%, 09/01/28(c)	1,026,375	996,015
U.S. TelePacific Corp.
First Lien Term Loan, (6.00% PIK), (3M SOFR + 7.00%, 1.00% Floor), 12.53%, 05/02/26(c)(f)	3,338,804	1,262,563
Third Lien Term Loan, 0.00%, 05/02/27(c)(d)(j)	319,086	–
Zacapa SARL (Luxembourg)
First Lien Term Loan, (3M SOFR + 4.00%, 0.50% Floor), 9.31%, 03/22/29(c)(e)	3,724,668	3,730,348
Zayo Group Holdings, Inc.
First Lien Term Loan, (1M SOFR + 4.33%, 0.50% Floor), 9.66%, 03/09/27(c)	2,385,869	2,146,400
		17,466,308
TRANSPORTATION: CARGO - 0.8%
Channelside AcquisitionCo, Inc.
First Lien Revolving Term Loan, (Prime + 5.75%, 1.00% Floor), 14.25%, 07/01/26(c)(d)	46,296	45,833
First Lien Term Loan, (1M SOFR + 6.75%, 1.00% Floor), 12.07%, 06/30/28(c)(d)	1,784,543	1,766,697
		1,812,530
WHOLESALE - 0.6%
LBM Acquisition, LLC
First Lien Term Loan B, (1M SOFR + 3.75%, 0.75% Floor), 9.18%, 12/17/27(c)	1,397,709	1,397,010
Total Senior Loans
(Cost $330,991,693)		320,787,623
Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Corporate Notes and Bonds - 13.4%
AUTOMOTIVE - 0.9%
Carvana Co.
(12.00% PIK), 12.00%, 12/01/28(f)(h)(i)	881,065	849,787
(13.00% PIK), 13.00%, 06/01/30(f)(h)(i)	498,457	481,503
(14.00% PIK), 14.00%, 06/01/31(f)(h)(i)	819,459	810,559
		2,141,849
BANKING, FINANCE, INSURANCE & REAL ESTATE - 0.1%
KCF Puerto Rico, LLC (Puerto Rico)
0.00%, 06/28/28(d)(e)(j)(m)	882,529	316,630
CONSUMER GOODS: DURABLE - 1.5%
Varsity Brands Holding Co., Inc.
(3M SOFR + 6.50%, 1.00% Floor), 11.80%, 12/15/26(d)(i)	3,500,000	3,473,750
ENERGY: OIL & GAS - 0.5%
Moss Creek Resources Holdings, Inc.
7.50%, 01/15/26(h)(i)	1,051,000	1,050,343
FOREST PRODUCTS & PAPER - 0.6%
Spa US Holdco, Inc. (Finland)
4.88%, 02/04/28(e)(h)(i)	1,500,000	1,387,630
HEALTHCARE & PHARMACEUTICALS - 0.7%
Bausch Health Companies, Inc.
5.50%, 11/01/25(h)(i)	750,000	707,811
Embecta Corp.
5.00%, 02/15/30(h)(i)	1,063,000	867,525
		1,575,336
HIGH TECH INDUSTRIES - 2.5%
Wolfspeed, Inc.
9.88%, 06/23/30(d)(h)(i)	6,000,000	5,817,000
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 0.4%
McGraw-Hill Education, Inc.
5.75%, 08/01/28(h)(i)	1,000,000	939,583
MEDIA: BROADCASTING & SUBSCRIPTION - 1.5%
CSC Holdings, LLC
11.75%, 01/31/29(h)(i)	2,110,000	2,115,275
4.13%, 12/01/30(h)(i)	2,000,000	1,420,840
		3,536,115
METALS & MINING - 0.0%
ERP Iron Ore, LLC
LIBOR + 8.00%, 0.00%, 12/31/19(d)(g)(j)	18,879	–
Magnetation, LLC / Mag Finance Corp.
0.00%, 05/15/18(d)(g)(h)(i)(j)	639,000	–
		–
RETAIL - 1.7%
EG Group Limited (United Kingdom)
(3.75% PIK), (SOFR + 7.50%, 0.50% Floor), 12.87%, 11/30/28(d)(e)(f)(i)	3,035,278	3,027,690
12.00%, 11/30/28(e)(h)(i)	976,000	1,037,014
		4,064,704
Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
	Principal
	Amount ($)	Value ($)
Corporate Notes and Bonds - 13.4% (continued)
SERVICES: BUSINESS - 1.7%
Advantage Sales & Marketing Inc.
6.50%, 11/15/28(h)(i)	3,327,000	3,139,723
Allied Universal Holdco LLC
4.63%, 06/01/28(h)(i)	1,000,000	909,082
		4,048,805
TELECOMMUNICATIONS - 1.3%
Frontier Communications Holdings, LLC
5.00%, 05/01/28(h)(i)	3,239,000	3,014,563
Total Corporate Notes and Bonds
(Cost $32,168,161)		31,366,308
	Quantity	Value ($)
Common Stocks - 0.4%
AUTOMOTIVE - 0.0%
APC Parent, Inc.(d)(j)(m)	241,972	–
ENERGY: OIL & GAS - 0.0%
RDV Resources, Inc.(d)(j)(m)	28,252	13,307
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 0.0%
Acosta, Inc.(d)(j)(m)	3,133	36,180
MEDIA: BROADCASTING & SUBSCRIPTION - 0.0%
Anuvu Corp.(d)(j)(m)	108,418	–
SERVICES: BUSINESS - 0.4%
Carestream Health, Inc.(d)(j)(m)	118,564	994,752
Total Common Stocks
(Cost $4,452,636)		1,044,239
Preferred Stock - 0.1%
MEDIA: ADVERTISING, PRINTING & PUBLISHING - 0.1%
Acosta, Inc., (14.50% PIK)(d)(f)(m)	4,439	222,215
Total Preferred Stock
(Cost $170,424)		222,215
Partnership Interests - 0.0%
HIGH TECH INDUSTRIES - 0.0%
Vector Capitano Holdings, LP
Class B-1 (Cayman Islands)(d)(e)(j)(m)	9,055	–
Vector Capitano Holdings, LP
Class B-2 (Cayman Islands)(d)(e)(j)(m)	7,051	–
Total Partnership Interests		–
(Cost $0)
Total Investments - 150.6%
(Cost of $367,782,914)		353,420,385
Other Assets & Liabilities, Net - 4.8%		11,227,743
Loan Outstanding - (55.4)%(k)(l)		(129,937,618)
Net Assets (Applicable to Common Shares) - 100.0%		234,710,510

Apollo Senior Floating Rate Fund Inc.
Consolidated Schedule of Investments (continued)
March 31, 2024 (unaudited)
(a)	“Senior Loans” are senior, secured loans made to companies whose debt is below investment grade as well as investments with similar economic characteristics. Senior Loans typically hold a first lien priority and, unless otherwise indicated, are required to pay interest at floating rates that are periodically reset by reference to a base lending rate plus a spread. In some instances, the rates shown represent the weighted average rate as of March 31, 2024. Senior Loans are generally not registered under the Securities Act of 1933 (the “1933 Act”) and often incorporate certain restrictions on resale and cannot be sold publicly. Senior Loans often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual maturity may be substantially less than the stated maturity.
(b)	All or a portion of this Senior Loan position has not settled. Full contract rates do not take effect until settlement date and therefore are subject to change.
(c)	The interest rate on this Senior Loan is subject to a base lending rate plus a spread. These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”) and secondarily the synthetic London Interbank Offered Rate (“LIBOR”) or the prime rate offered by one or more major U.S. banks (“Prime”). The interest rate is subject to a minimum floor, which may be less than or greater than the prevailing period end LIBOR/SOFR/Prime rate. As of March 31, 2024, the 1, 3 and 6 month LIBOR rates were 5.44%, 5.56%, and 5.65%, respectively, the 1, 3 and 6 month SOFR rates were 5.33%, 5.30%, and 5.22%, respectively, and the Prime lending rate was 8.50%. Senior Loans may contain multiple contracts of the same issuer which may be subject to base lending rates of LIBOR, SOFR and Prime (“Variable”) in addition to the stated spread.
(d)	Fair Value Level 3 security.
(e)	Foreign issuer traded in U.S. dollars.
(f)	Represents a payment-in-kind (“PIK”) security, which may pay interest in additional principal amount/share quantity.
(g)	Issuer filed for bankruptcy and/or is in default of principal and/or interest payments.
(h)	Fixed rate asset.
(i)	Securities exempt from registration pursuant to Rule 144A under the 1933 Act. These securities may only be resold in transactions exempt from registration to qualified institutional buyers. At March 31, 2024, these securities amounted to $31,049,678, or 13.23% of net assets.
(j)	Non-income producing asset.
(k)	The Fund has granted a security interest in substantially all of its assets in the event of default under the credit facility.
(l)	Principal of $130,000,000 less unamortized deferred financing costs of $62,382.
(m)	Securities may be deemed to be “restricted securities” under the Securities Act of 1933. As of March 31, 2024, the restricted securities were as follows:

Issuer		Investment Type		Acquisition Date		Cost		Value		Value as Percentage of Net Assets Applicable to Common Shares
Acosta, Inc.		Common Stock		12/31/2019	$	27,644	$	36,180		0.02%
Acosta, Inc.		Preferred Stock		12/31/2019		170,424		222,215		0.09%
Anuvu Corp.		Common Stock		3/23/2021		2,303,883		-		0.00%
APC Parent, Inc.		Common Stock		7/24/2020		-		-		0.00%
Carestream Health, Inc.		Common Stock		9/30/2022		2,121,110		994,752		0.42%
KCF Puerto Rico, LLC		Corporate Note		12/28/2021		-		316,630		0.13%
RDV Resources, Inc.		Common Stock		3/30/2020		-		13,307		0.01%
Vector Capitano Holdings, LP		Partnership Interest- Class B-1		7/3/2023		-		-		0.00%
Vector Capitano Holdings, LP		Partnership Interest- Class B-2		7/3/2023		-		-		0.00%
					$	4,623,061	$	1,583,084		0.67%
Outstanding Forward Foreign Currency Contracts
Counterparty	Settlement Date	Fund Receiving		Value		Fund Delivering		Value		Unrealized Appreciation
Mizuho Capital Markets, LLC	6/20/2024	USD	$	1,236,051		EUR	$	1,229,893	$	6,158
									$	6,158

Apollo Senior Floating Rate Fund Inc.

Notes to Consolidated Schedule of Investments

March 31, 2024 (unaudited)

Security Valuation

The Fund's Board of Directors has adopted procedures pursuant to which the Fund will value its investments (the “Valuation Policy and Procedures”). In accordance with the Valuation Policy and Procedures, the Fund's portfolio investments for which market quotations are readily available are valued at market value using the mean of the bid and ask prices provided by a nationally recognized security pricing service or broker. Senior Loans, corporate notes and bonds, common stock, structured products, preferred stocks and foreign currency contracts are priced based on valuations provided by an approved independent pricing service or broker, if available. Investments for which market quotations are not readily available or are deemed to be unreliable are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act. As permitted by Rule 2a-5 under the Investment Company Act, the Board has designated the Adviser as the Fund's valuation designee (“Valuation Designee”) to perform fair value determinations relating to all portfolio investments. The Adviser carries out its designated responsibilities as Valuation Designee through various teams pursuant to the Valuation Policy and Procedures which govern the Valuation Designee's selection and application of methodologies and independent pricing services for determining and calculating the fair value of portfolio investments. The Valuation Designee will fair value portfolio investments utilizing inputs from various external and internal sources including, but not limited to, independent pricing services, dealer quotation reporting systems, independent third-party valuation firms and proprietary models and information. When determining the fair value of an investment, one or more fair value methodologies may be used. Fair value determinations will be based upon all available factors that the Valuation Designee deems relevant at the time of the determination. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security.

Fair Value Measurements

The Fund’s valuation designee has performed an analysis of all existing investments to determine the significance and character of all inputs to their fair value determination. The levels of fair value inputs used to measure the Fund’s investments are characterized into a fair value hierarchy. The three levels of the fair value hierarchy are described below:

Level 1 — Quoted unadjusted prices for identical assets and liabilities in active markets to which the Fund has access at the date of measurement;

Level 2 — Quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, but are valued based on executed trades, broker quotations that constitute an executable price, and alternative pricing sources supported by observable inputs which, in each case, are either directly or indirectly observable for the asset in connection with market data at the measurement date; and

Level 3 — Model derived valuations in which one or more significant inputs or significant value drivers are unobservable. In certain cases, investments classified within Level 3 may include securities for which the Fund has obtained indicative quotes from broker-dealers that do not necessarily represent prices the broker may be willing to trade on, as such quotes can be subject to material management judgment. Unobservable inputs are those inputs that reflect the valuation designee’s own assumptions that market participants would use to price the asset or liability based on the best available information.

At the end of each reporting period, management evaluates the Level 2 and Level 3 assets, if any, for changes in liquidity, including but not limited to: whether a broker is willing to execute at the quoted price, the depth and consistency of prices from independent pricing services, and the existence of contemporaneous, observable trades in the market.

The valuation techniques used by the valuation designee to measure fair value at March 31, 2024 maximized the use of observable inputs and minimized the use of unobservable inputs. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Apollo Senior Floating Rate Fund Inc.

Notes to Consolidated Schedule of Investments (continued)

March 31, 2024 (unaudited)

A summary of the Fund’s investments categorized in the fair value hierarchy as of March 31, 2024 is as follows:

Apollo Senior Floating Rate Fund Inc.
		Total Fair Value at March 31, 2024		Level 1 Quoted Price		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Assets:
Cash and Cash Equivalents	$	10,847,152	$	10,847,152	$	-	$	-
Foreign Currency, at value (Cost $1,216,628)		1,214,662		1,214,662		-		-
Senior Loans		320,787,623		-		228,783,172		92,004,451
Corporate Notes and Bonds		31,366,308		-		18,731,238		12,635,070
Common Stocks		1,044,239		-		-		1,044,239
Preferred Stock		222,215		-		-		222,215
Partnership Interests		-		-		-		-
Unrealized appreciation on Unfunded Commitments		72,963		-		-		72,963
Total Assets	$	365,555,162	$	12,061,814	$	247,514,410	$	105,978,938
Liabilities:
Unrealized depreciation on Unfunded Commitments		(5,658)		-		-		(5,658)
Total Liabilities		(5,658)		-		-		(5,658)
	$	365,549,504	$	12,061,814	$	247,514,410	$	105,973,280
Other Financial Instruments*
Assets:
Forward Foreign Currency Contracts	$	6,158	$	-	$	6,158	$	-
Total Other Financial Instruments	$	6,158	$	-	$	6,158	$	-

* Other financial instruments are derivative instruments reflected in the Consolidated Schedule of Investments. The derivatives shown in this table are reported at their unrealized appreciation/ (depreciation) at measurement date, which represents the change in the contracts’ value.

The following is a reconciliation of Level 3 holdings for which significant unobservable inputs were used in determining fair value for the period January 1, 2024 through March 31, 2024:

Apollo Senior Floating Rate Fund Inc.
	Total			Senior Loans			Corporate Notes and Bonds			Common Stocks		Preferred Stock			Partnership Interests		Unfunded Commitments
Total Fair Value, beginning of period	$	105,335,155		$	90,555,047		$	13,665,463		$	839,778	$	230,144		$	-	$	44,723
Purchases, including capitalized PIK		11,422,524			11,387,246			35,278			-		-			-		-
Sales/Paydowns		(11,100,621	)		(9,866,911	)		(1,233,710	)		-		-			-		-
Accretion/(amortization) of discounts/ (premiums)		183,503			178,724			4,779			-		-			-		-
Net realized gain/(loss)		262,355			172,188			90,167			-		-			-		-
Change in net unrealized appreciation/ (depreciation)		(129,636	)		(421,843	)		73,093			204,461		(7,929	)		-		22,582
Transfers into Level 3		-			-			-			-		-			-		-
Transfers out of Level 3		-			-			-			-		-			-		-
Total Fair Value, end of period	$	105,973,280		$	92,004,451		$	12,635,070		$	1,044,239	$	222,215		$	-	$	67,305

Assets were transferred from Level 2 to Level 3 or from Level 3 to Level 2 as a result of changes in levels of liquid market observability when subject to various criteria as discussed above. The net change in unrealized appreciation/(depreciation) attributable to Level 3 investments still held at March 31, 2024 was $84,553.

Apollo Senior Floating Rate Fund Inc.

Notes to Consolidated Schedule of Investments (continued)

March 31, 2024 (unaudited)

The following table provides quantitative measures used to determine the fair values of the Level 3 investments as of March 31, 2024:

	Assets/Liabilities		Fair Value at March 31, 2024	Valuation Technique(s)(a)	Unobservable Input(s)	Range of Unobservable Input(s) Utilized	Weighted Average Unobservable Input(s)
Senior Loans		$	80,071,431	Discounted Cash Flow (b)	Discount Rate (b)	7.94% - 23.25%	10.97%
			1,438,641	Recovery Analysis (c)	Estimated Proceeds (c)	$96.5mm - $151.3mm	$123.9mm
			407,710	Recovery Analysis (c)	Estimated Proceeds (c)	$-	$-
				Guideline Public Company(e)	TEV / EBITDA Multiple (e)	8.00x-9.00x	8.50x
			10,086,669	Transaction Approach (d)	Cost (d)	N/A	N/A
Corporate Notes and Bonds			12,318,440	Discounted Cash Flow (b)	Discount Rate (b)	11.31% - 12.75%	12.10%
			316,630	Discounted Cash Flow (b)	Discount Rate (b)	4.90%	4.90%
				Recovery Analysis (c)	Estimated Proceeds (c)	$33.7mm	$33.7mm
			-	Recovery Analysis (c)	Estimated Proceeds (c)	$-	$-
Common Stocks			13,307	Discounted Cash Flow (b)	Discount Rate (b)	5.18%	5.18%
				Recovery Analysis (c)	Estimated Proceeds (c)	$9.1mm	$9.1mm
			-	Recovery Analysis (c)	Estimated Proceeds (c)	$-	$-
			1,030,932	Guideline Public Company (e)	TEV / EBITDA Multiple (e)	2.25x - 7.00x	2.90x
			-	Guideline Public Company (f)	TEV / Revenue (f)	0.80x - 0.90x	0.85x
Preferred Stock			222,215	Guideline Public Company (e)	TEV / EBITDA Multiple (e)	7.00x	7.00x
Partnership Interests			-	Recovery Analysis (c)	Estimated Proceeds (c)	$-	$-
Unfunded Commitments			67,479	Discounted Cash Flow (b)	Discount Rate (b)	9.00%-12.50%	12.24%
			(174)	Transaction Approach (d)	Cost (d)	N/A	N/A
Total Fair Value		$	105,973,280

(a)	For the assets which have multiple valuation techniques, the Fund may rely on the techniques individually or in aggregate based on a weight ranging from 0-100%.
(b)	The Fund utilized a discounted cash flow model to fair value this security. The significant unobservable input used in the valuation model was the discount rate, which was determined based on the market rates an investor would expect for a similar investment with similar risks. The discount rate was applied to present value the projected cash flows in the valuation model. Significant increases in the discount rate may significantly lower the fair value of an investment; conversely, significant decreases in the discount rate may significantly increase the fair value of an investment.
(c)	The Fund utilized a recovery analysis approach to fair value this security, specifically a liquidation analysis.  There are various, company specific inputs used in the valuation analysis that relate to the liquidation value of a company’s assets.  The significant unobservable input used in the valuation model was estimated proceeds.  Significant increases or decreases in the input in isolation may result in a significantly higher or lower fair value measurement.
(d)	The Fund utilized a recent transaction, specifically purchase price, to fair value this security.
(e)	The Fund utilized a guideline public company method to fair value this security. The significant unobservable inputs used in the valuation model were total enterprise value (“TEV”) and earnings before interest, taxes, depreciation and amortization (“EBITDA”) based on comparable multiples for a similar investment with similar risks. Significant increases or decreases in either of these inputs in isolation may result in a significantly higher or lower fair value measurement.
(f)	The Fund utilized a guideline public company method to fair value this security. The significant unobservable inputs used in the valuation model were total enterprise value (“TEV”) and revenue based on comparable multiples for a similar investment with similar risks. Significant increases or decreases in either of these inputs in isolation may result in a significantly higher or lower fair value measurement.

Apollo Senior Floating Rate Fund Inc.

Notes to Consolidated Schedule of Investments (continued)

March 31, 2024 (unaudited)

General Commitments and Contingencies

As of March 31, 2024, the Fund had unfunded commitments outstanding, which could be extended at the option of the borrower, as detailed below:

Borrower	Unfunded Commitments
Advarra Holdings, Inc. Delayed Draw Term Loan	$	580,151
Allied Benefits Systems Intermediate LLC Delayed Draw Term Loan		618,557
Anaplan, Inc. Revolving Term Loan		349,471
Avalara, Inc. Revolving Term Loan		454,545
Channelside AcquisitionCo, Inc. Delayed Draw Term Loan		31,333
Channelside AcquisitionCo, Inc. Revolving Term Loan*		120,370
Coretrust Purchasing Group, LLC Delayed Draw Term Loan		338,346
Coretrust Purchasing Group, LLC  Revolving Term Loan		338,346
Crewline Buyer, Inc.  Revolving Term Loan		188,679
Cube Industrials Buyer, Inc. Revolving Term Loan		413,793
Evergreen IX Borrower 2023, LLC Revolving Term Loan		397,516
Excelligence, Inc. Revolving Term Loan		381,782
Heritage Environmental Services, Inc. Revolving Term Loan		120,879
OMH-Healthedge Holdings, Inc. Revolving Term Loan		586,466
Poly-Wood Inc. Delayed Draw Term Loan		272,727
Poly-Wood Inc. Revolving Term Loan		272,727
Protein For Pets Opco, Inc. Revolving Term Loan		94,340
Redfin Corp. Delayed Draw Term Loan		1,750,000
Riverbed Technology, Inc. Revolving Term Loan		84,607
Truck-Lite Corp. Delayed Draw Term Loan		133,333
Truck-Lite Corp. Revolving Term Loan*		128,889
Zendesk, Inc. Delayed Draw Term Loan		1,104,901
Zendesk, Inc. Revolving Term Loan		454,959
	$	9,216,717

*Subsequent to March 31, 2024, all or a portion of the outstanding unfunded commitment was funded.

The Fund may commit to an investment that has yet to fund because the applicable deal has not closed. Additionally, the Adviser or its affiliates may commit to an investment that it intends to allocate to the Fund for which certain terms are not yet finalized at the time of the commitment and as such the Fund’s allocation may change prior to the date of funding. In this regard, the Fund may have to fund additional commitments in the future that it is currently not obligated to fund. Such investments are not included in the unfunded commitments outstanding table above.

For more information with regard to significant accounting policies, see the Fund’s most recent annual report filed with the Securities and Exchange Commission.