Afa Multi-Manager Credit Fund (AMCJX)
| Fund Assets | n/a |
| Expense Ratio | 3.23% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 10.03% |
| Dividend Growth | -24.71% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 9.00 |
| YTD Return | 4.46% |
| 1-Year Return | 8.57% |
| 5-Year Return | 39.81% |
| 52-Week Low | 8.98 |
| 52-Week High | 9.31 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About AMCJX
The AFA Asset Based Lending Fund is a closed-end interval fund specializing in private credit, with a primary focus on asset-based loans to lower middle market borrowers. Managed by Alternative Fund Advisors, its objective is to provide a high level of current income, with capital appreciation as a secondary goal. The fund seeks to differentiate itself by investing at least 80% of assets—directly or indirectly—in a diversified range of private and public credit securities or credit-related investments, emphasizing loans secured by physical or financial assets as collateral. These loans are typically originated by boutique lending platforms with specialized expertise, resulting in a portfolio diversified across numerous industries and collateral types. A notable feature is its portfolio composition: approximately 85% of holdings are senior secured debt positions, providing a priority claim on collateral, and over 40% of its investments are in fixed-rate loans, offering some insulation from interest rate fluctuations. The fund manages more than 400 individual loan positions, minimizing idiosyncratic risk through broad diversification. With a quarterly liquidity structure and limited leverage usage, the fund aims to navigate credit market cycles with stability and mitigate downside risks typical of private credit strategies. Its role is to offer accredited investors access to asset-based private credit markets, seeking consistent income and diversification from traditional fixed income exposures.
Performance
AMCJX had a total return of 8.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.90%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.207 | Jun 29, 2026 |
| Mar 30, 2026 | $0.2305 | Mar 30, 2026 |
| Dec 31, 2025 | $0.2318 | Dec 31, 2025 |
| Sep 30, 2025 | $0.2328 | Sep 30, 2025 |
| Jun 30, 2025 | $0.2338 | Jun 30, 2025 |
| Mar 31, 2025 | $0.2348 | Mar 31, 2025 |