AFA Asset Based Lending Fund (AMCLX)

Data through 2026-07-31 · latest filing NPORT-P filed 2026-09-21

Sponsored by Alternative Fund Advisors. Interval Fund structure focused on private credit.

Interval FundPrivate Credit

Sponsor: Alternative Fund Advisors
CIK: 0001843499
Liquidity: Periodic repurchase offers at NAV
Inception: 07/01/2021

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Net assets

July 31, 2026

source

Monthly portfolio report (Form N-PORT) · filed 2026-09-21 · period 2026-07-31

Available to signed-in readers.

Method Read from a structured field in the filing

Full observation history

NAV per share

Institutional Class, April 30, 2026

source

Shareholder report (Form N-CSR) · filed 2026-07-07 · period 2026-04-30

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history

Total return, 12m

2025-05-01 to 2026-04-30

Source. SEC filings, 2025-05-01 to 2026-04-30

Distribution rate

fiscal year ended 2026-04-30 · Institutional Class · our calculation

Net flows, last quarter

qtr ended 2026-06-30 · our calculation

Debt per dollar

Of shareholders' money, July 31, 2026

01What changed

What changed

Red and yellow flags from the fund's latest filings.

Red flag

Available to signed-in readers.

Event dated May 8, 2026 · filing filed July 7, 2026 · flagged September 12, 2026

Why it matters

Redemption requests exceeded the offer and were paid only in part, pro rata. Investors who wanted out are still holding, and unmet demand usually rolls into the next offer, so repeated proration, the defining liquidity-stress pattern for an evergreen fund, is worth watching for.

Available to signed-in readers.

Yellow flag

Available to signed-in readers.

Period ended July 31, 2026 · filing filed September 21, 2026 · flagged September 30, 2026

Why it matters

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.

02Returns

Returns

What has it actually returned?

Filed performance history

Complete direct filed history for the audited canonical class, newest window first. Repeated windows use the newest filing. Standardized table values preserve their filed annualization; no displayed value is re-estimated. Where the fund filed both shareholder-transaction and GAAP-FH bases, the transactional value is preferred and both remain visible. Figures remain separate from the calculated NAV-plus-distributions index and manager-source monthly returns.

03Distributions

Distributions

Is the distribution earned?

Return stream: Income and appreciation: distributions at least quarterly.

04Holdings

Holdings

What does it own?

05Liquidity

Liquidity

Can holders get out?

Available to signed-in readers.

06Leverage

Leverage

How much is borrowed?

Available to signed-in readers.

07Fees

Fees

What does it really cost?

Filed fee conditions

Available to signed-in readers.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Institutional Class		Available to signed-in readers. * None. The standardized prospectus fee table contains no incentive/performance-fee line.		bps	* Filed label: not structured; period 2026-04-30. Shown exactly as filed; components may differ across issuers.	* Filed label: not structured; period 2026-04-30. After waiver: not separately stated; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated.

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.

08Sources

Where every figure comes from.

Its source, one click away.

Also in the filing: every headline figure, with its date

Net assets: source

Monthly portfolio report (Form N-PORT) · filed 2026-09-21 · period 2026-07-31

Available to signed-in readers.

Method Read from a structured field in the filing

Full observation history
NAV / share: source

Shareholder report (Form N-CSR) · filed 2026-07-07 · period 2026-04-30

Available to signed-in readers.

Method Read from the filing's standard wording

Full observation history
Net flows, last qtr
Distribution rate
Asset coverage: 788%
Total return, 12m

Who can invest: No investor qualification is stated in the prospectus.

Recent filings

Filed	Form	Accession
Available to signed-in readers.