The Apollo Senior Floating Rate Fund Inc (ticker: AFT) is a mutual fund that primarily invests in senior secured floating rate loans. These loans are typically issued by companies with below investment grade credit ratings, making them higher risk but also potentially higher yielding. The fund aims to provide investors with a steady stream of income through these floating rate loans, which have interest rates that adjust periodically based on market conditions. The fund is managed by Apollo Credit Management, a leading global alternative investment manager.