Afa Multi-Manager Credit Fund (AMCLX)
| Fund Assets | n/a |
| Expense Ratio | 3.43% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 10.04% |
| Dividend Growth | -24.87% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 8.98 |
| YTD Return | 4.35% |
| 1-Year Return | 8.33% |
| 5-Year Return | 39.58% |
| 52-Week Low | 8.97 |
| 52-Week High | 9.31 |
| 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.
Performance
AMCLX had a total return of 8.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.86%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 31, 2025 | $0.235 | Mar 31, 2025 |