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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Variant Alternative Lending Fund

XALFX | Fund

$24.41

$77.3 M

9.06%

$2.21

-

Vitals

YTD Return

2.2%

1 yr return

8.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$77.3 M

Holdings in Top 10

66.5%

52 WEEK LOW AND HIGH

$24.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio N/A

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Variant Alternative Lending Fund

XALFX | Fund

$24.41

$77.3 M

9.06%

$2.21

-

XALFX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 9.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Variant Alternative Lending Fund
  • Fund Family Name
    Variant
  • Inception Date
    Jan 27, 2025
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

XALFX - Performance

Return Ranking - Trailing

Period XALFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% N/A N/A N/A
1 Yr 8.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period XALFX Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period XALFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% N/A N/A N/A
1 Yr 8.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period XALFX Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

NAV & Total Return History

XALFX - Holdings

Concentration Analysis

XALFX Category Low Category High XALFX % Rank
Net Assets 77.3 M N/A N/A N/A
Number of Holdings 35 N/A N/A N/A
Net Assets in Top 10 51.5 M N/A N/A N/A
Weighting of Top 10 66.55% N/A N/A N/A

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 11.36%
  2. Station Road Capital Management II LLC / 8.77%
  3. Rivonia Road Fund LP / 8.00%
  4. BEB SPV I LLC / 7.67%
  5. Okoa Capital LLC Facility / 6.62%
  6. Preferred Point LLC / 5.63%
  7. Unifund CCR LLC Lending / 5.55%
  8. Highmore (Jardine) Participation / 5.26%
  9. Marquis United LLC / 3.86%
  10. A T Investments SARL / 3.83%

Asset Allocation

Weighting Return Low Return High XALFX % Rank
Bonds 		79.91% N/A N/A N/A
Cash 		13.39% N/A N/A N/A
Stocks 		6.72% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Other 		-0.01% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High XALFX % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High XALFX % Rank
US 		6.72% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High XALFX % Rank
Cash & Equivalents 		11.36% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A
Derivative 		-0.01% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High XALFX % Rank
US 		76.08% N/A N/A N/A
Non US 		3.83% N/A N/A N/A

XALFX - Expenses

Operational Fees

XALFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A N/A N/A N/A
Management Fee N/A N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

XALFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

XALFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XALFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

XALFX - Distributions

Dividend Yield Analysis

XALFX Category Low Category High XALFX % Rank
Dividend Yield 9.06% N/A N/A N/A

Dividend Distribution Analysis

XALFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly

Net Income Ratio Analysis

XALFX Category Low Category High XALFX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

XALFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

XALFX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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