AFA Asset Based Lending Institutional (AMCLX)

Fund Assets	n/a
Expense Ratio	3.73%
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	0.87
Dividend Yield	9.75%
Dividend Growth	-32.10%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	8.96
YTD Return	6.51%
1-Year Return	8.52%
5-Year Return	43.05%
52-Week Low	8.93
52-Week High	9.26
Beta (5Y)	n/a
Holdings	n/a
Inception Date	n/a

About AMCLX

AFA Asset Based Lending Fund Institutional Class is an interval fund designed to provide institutional investors with exposure to private credit via asset-based lending. Managed by Alternative Fund Advisors, the fund’s primary function is to make loans secured by physical or financial collateral, targeting lower middle market borrowers who access credit through boutique lending platforms. This approach leverages specialized expertise and ecosystem knowledge, resulting in credit opportunities that are less saturated and potentially offer compelling risk-adjusted returns. The fund is notable for its diversified portfolio spanning various industries and collateral types, which helps reduce concentration risk. It aims to deliver stable income and historically lower volatility compared to publicly traded fixed income assets, addressing investor interest in alternative sources of yield and portfolio diversification. Since inception in 2021, the fund has grown to over $240 million in assets and features operational flexibility with daily subscriptions and 1099 tax reporting. Overall, it plays a significant role in expanding institutional access to private credit, particularly asset-based lending, within the alternative investment landscape.

• Stock Exchange: Nasdaq
• Ticker Symbol: AMCLX

Performance

AMCLX had a total return of 8.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.91%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.2054	Sep 29, 2026
Jun 29, 2026	$0.2066	Jun 29, 2026
Mar 30, 2026	$0.2303	Mar 30, 2026
Dec 31, 2025	$0.2315	Dec 31, 2025
Sep 30, 2025	$0.2328	Sep 30, 2025
Jun 30, 2025	$0.234	Jun 30, 2025

Data Sources: S&P Global Market Intelligence, Financial Modeling Prep, and more

Historical data is provided by S&P Global Market Intelligence. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 17, 2026

Data Sources Report a data error