Variant Alternative Lending Fund Institutional (XALFX)
24.24
+0.01
(+0.04%)
USD |
Aug 25 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.42% | 72.52M | -- | 38.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -- | 5.22% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of current income while seeking to prioritize capital preservation. Capital appreciation is considered a secondary objective. The Fund seeks to achieve its investment objective by investing directly or indirectly in senior secured alternative income-generating lending investments. |
| General | |
| Security Type | Unlisted Closed-End Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Mixed Asset USD Conservative |
| Peer Group | Income & Preferred Stock Funds |
| Global Macro | Mixed Asset HC Conservative |
| US Macro | Mixed-Assets Target Allocation Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Income & Preferred Stock Funds |
| Fund Owner Firm Name | Variant |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
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1 Year
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Peer Group High
3 Months
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3 Years
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6 Months
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5 Years
% Rank:
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YTD
% Rank:
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10 Years
% Rank:
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Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 26, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 4.35% |
| Stock | 25.42% |
| Bond | 51.96% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 18.27% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Station Road Capital Management II LLC FRN
|
9.29% | -- | -- |
|
Rivonia Road Fund Lp
|
9.00% | -- | -- |
|
BEB SPV I LLC FRN
|
8.81% | -- | -- |
|
Okoa Capital LLC
|
8.76% | -- | -- |
| Goldman Sachs FS Government Fund Institutional | 7.31% | 1.00 | 0.00% |
|
Preferred Point LLC FRN
|
6.33% | -- | -- |
|
Unifund CCR LLC
|
5.30% | -- | -- |
|
Marquis United LLC FRN
|
4.34% | -- | -- |
|
Copperpot Finance LLC FRN
|
4.22% | -- | -- |
|
A & T Investments SARL FRN
|
4.15% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 1.25% |
| Administration Fee | 111423.0 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Normal
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Qualified
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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LT Cap Gains
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Ordinary Income
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Non-Qual
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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ST Cap Gains
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Interest
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Tax-Exempt
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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ROC
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Other
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Total
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of current income while seeking to prioritize capital preservation. Capital appreciation is considered a secondary objective. The Fund seeks to achieve its investment objective by investing directly or indirectly in senior secured alternative income-generating lending investments. |
| General | |
| Security Type | Unlisted Closed-End Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Mixed Asset USD Conservative |
| Peer Group | Income & Preferred Stock Funds |
| Global Macro | Mixed Asset HC Conservative |
| US Macro | Mixed-Assets Target Allocation Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Income & Preferred Stock Funds |
| Fund Owner Firm Name | Variant |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (8-25-26) | 11.18% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 35 |
| Stock | |
| Weighted Average PE Ratio | -- |
| Weighted Average Price to Sales Ratio | -- |
| Weighted Average Price to Book Ratio | -- |
| Weighted Median ROE | -- |
| Weighted Median ROA | -- |
| Return on Investment (TTM) | -- |
| Earning Yield | -- |
| LT Debt / Shareholders Equity | -- |
| Number of Equity Holdings | 11 |
| Bond | |
| Yield to Maturity (6-30-26) | -- |
| Effective Duration | -- |
| Average Coupon | -- |
| Calculated Average Quality | -- |
| Effective Maturity | -0.3441 |
| Nominal Maturity | -0.3441 |
| Number of Bond Holdings | 15 |
As of June 30, 2026
Growth Metrics
| EPS Growth (1Y) | -- |
| EPS Growth (3Y) | -- |
| EPS Growth (5Y) | -- |
| Sales Growth (1Y) | -- |
| Sales Growth (3Y) | -- |
| Sales Growth (5Y) | -- |
| Sales per Share Growth (1Y) | -- |
| Sales per Share Growth (3Y) | -- |
| Operating Cash Flow - Growth Rate (3Y) | -- |
As of June 30, 2026
Fund Details
| Key Dates | |
| Launch Date | 10/31/2024 |
| Last Annual Report Date | 4/30/2026 |
| Last Prospectus Date | 11/3/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |