Variant Alternative Income Fund (NICHX)
Data through 2000-01-01 · latest filing 486BPOS filed 2000-01-01
Sponsored by Variant. Interval Fund structure focused on private credit.
Interval FundPrivate Credit
- Net assets
- $0.0M
source
Shareholder report (Form N-CSR) · filed 2000-01-01 · period 2000-01-01
Available to signed-in readers.
Method Matched text template against the filing
Technical locator
as of 2000-01-01 - NAV / share
- $0.0M
source
Repurchase offer notice (Form N-23c-3) · filed 2000-01-01 · period 2000-01-01
Available to signed-in readers.
Method Matched text template against the filing
Technical locator
Institutional Class Shares · as of 2000-01-01 - Net flows, last qtr
- +0.0% qtr ended 2000-01-01
- Annualized distribution rate
- 0.00% annualized · Institutional Class Shares · as of 2000-01-01
- Leverage in use
- 0% debt / equity 0.00x · as of 2000-01-01
- Total return, 12m
- +0.00% 2000-01-01 to 2000-01-01 · Institutional Class Shares
i
Source. SEC filings, 2000-01-01 to 2000-01-01
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
Redemption requests exceeded the offer and were paid only in part, pro rata. Investors who wanted out are still holding; unmet demand usually rolls into the next offer, making repeat proration -- the defining liquidity-stress pattern for a perpetual fund -- worth watching for.
Available to signed-in readers.
Source: Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
Redemption demand reached the fund's stated cap (or the offer was prorated). Whether it repeats decides how serious it is; see the repeated and severe versions of this rule.
Available to signed-in readers.
Source: Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
New share sales down 30% or more over the trailing year, as a share of the fund: inflows that used to fund redemptions are thinning.
Available to signed-in readers.
Source: Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
Redemption requests exceeded the offer and were paid only in part, pro rata. Investors who wanted out are still holding; unmet demand usually rolls into the next offer, making repeat proration -- the defining liquidity-stress pattern for a perpetual fund -- worth watching for.
Available to signed-in readers.
Source: Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
Redemption demand reached the fund's stated cap (or the offer was prorated). Whether it repeats decides how serious it is; see the repeated and severe versions of this rule.
Available to signed-in readers.
Source: Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
Redemption requests exceeded the offer and were paid only in part, pro rata. Investors who wanted out are still holding; unmet demand usually rolls into the next offer, making repeat proration -- the defining liquidity-stress pattern for a perpetual fund -- worth watching for.
Available to signed-in readers.
Source: Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Why it matters and what changed
Redemption demand reached the fund's stated cap (or the offer was prorated). Whether it repeats decides how serious it is; see the repeated and severe versions of this rule.
Available to signed-in readers.
Source: Available to signed-in readers.
Historical findings (6)
Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
Available to signed-in readers.
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Filed performance history
What moved inside the book.
Filed portfolio-health facts and position changes, each one read from the fund's own report.
Where exit demand met the cap.
Stated cap: 5% of shares/quarter.
Available to signed-in readers.
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Available to signed-in readers.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Who can invest: No investor qualification is stated in the prospectus.
Management fee: 0.00% of average daily managed assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution.
Filed fee conditions
Available to signed-in readers.
Canonical-class fee profile
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Institutional Class Shares | 0.00% | Available to signed-in readers.
*
None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0001212000-01-011196 |
0.00% | - | 0.00%*Filed label: Before fees waived/recovered (including interest, revolving credit facility and excise tax expense); period 2000-01-01. Available to signed-in readers. SEC source 0001212000-01-016673 |
0.00%*Filed label: After fees waived/recovered (including interest, revolving credit facility and excise tax expense); period 2000-01-01. After waiver: yes; interest: included; tax: included; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. Available to signed-in readers. SEC source 0001212000-01-016673 |
Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.
Recent filings
| Filed | Form | Accession |
|---|---|---|
| Available to signed-in readers. | ||