Apollo Global Management Investor Day Presentation Deck
CLO Portfolio Comprised of Well Diversified Underlying Assets
TOP INDUSTRY EXPOSURES UNDERLYING ATHENE'S CLO PORTFOLIO
1Q'22
PORTFOLIO
12%
11%
9%
7%
4%
4%
4%
4%
4%
4%
4%
3%
3%
3%
3%
2%
2%
2%
2%
2%
NO.
NAME
1
Healthcare & Pharmaceuticals
2
High Tech
3 Banking, Finance, Insurance & Real Estate
4
Services: Business
5
Hotels, Gaming & Leisure
6 Media: Broadcasting & Subscription
7
8
9
10 Capital Equipment
11
12
13
14
15
16
17
18
19
20
Telecommunications
Beverage, Food & Tobacco
Construction & Building
Chemicals, Plastics & Rubber
Automotive
Aerospace & Defense
Services: Consumer
Containers, Packaging & Glass
Retail
Utilities: Electric
Energy: Oil & Gas
Transportation: Consumer
Consumer Goods: Non-Durable
Note: As of March 31, 2022. Based on CLOs included in Athene's net invested assets.
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
1Q'21
PORTFOLIO
11%
10%
9%
7%
5%
5%
4%
4%
4%
3%
3%
3%
3%
3%
3%
2%
2%
2%
2%
2%
1Q'22
CUMULATIVE
12%
23%
32%
39%
44%
48%
52%
56%
59%
63%
66%
69%
72%
75%
77%
80%
82%
84%
86%
88%
Resilient top exposures,
with consistent diversity
year over year
Diversified Portfolio:
Top 10 industries =
~63% of portfolio
Actively managed portfolio
to deemphasize energy,
retail, and consumer goods
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