Calamos Aksia Alternative Credit & Income Fund
Data through 2026-06-30 · latest filing N-23C3A filed 2026-07-31
Sponsored by Calamos/Aksia. Interval Fund structure focused on private credit.
Interval FundPrivate Credit
- Net assets
- $1.08B
source
Monthly portfolio report (Form N-PORT) · filed 2026-05-29 · period 2026-03-31
Net assets (N-PORT Part B, Item B.2)
Method Direct: read from a structured filing field
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $10.68
source
Shareholder report (Form N-CSR) · filed 2025-06-05 · period 2025-03-31
financial-highlights end-of-period NAV (fallback)
“Net asset value, end of period $ 10.68”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Filed fund value · as of 2025-03-31 - Net flows, last qtr
- +9.3% qtr ended 2026-03-31
- Distribution coverage (NII)
- 86% period ended 2026-03-31
- Leverage in use
- 18% debt / equity 0.14x
- Total return, 12m
- Pending SEC-filed periodic NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
No current red or yellow flags in filings reviewed through 2026-07-31.
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Filed performance
| Window | Class | Basis | Return | Source |
|---|---|---|---|---|
| 2025-04-01 to 2026-03-31 | Class I | basis not stated in the filed row | +8.33% | SEC source 0001104659-26-070842 |
| 2025-04-01 to 2025-09-30 | Class I | basis not stated in the filed row | +5.28% | SEC source 0001104659-25-118064 |
| 2024-04-01 to 2025-03-31 | Class I | basis not stated in the filed rowFiled return footnote | +11.71% | SEC source 0001104659-25-056754 |
| 2024-04-01 to 2024-09-30 | Class I | basis not stated in the filed row | +5.62% | SEC source 0001104659-24-124922 |
Derived
| Window | Class | Basis | Return | Method & constituents |
|---|---|---|---|---|
| 2025-06-01 to 2026-05-31 | Class I | manager-reported net return | +8.25% | chained from manager-reported monthly returnsCalculation & filed sources |
| 2025-05-01 to 2026-04-30 | Class I | manager-reported net return | +9.21% | chained from manager-reported monthly returnsCalculation & filed sources |
| 2025-04-01 to 2026-03-31 | Class I | manager-reported net return | +9.16% | chained from manager-reported monthly returnsCalculation & filed sources |
| 2025-03-01 to 2026-02-28 | Class I | manager-reported net return | +9.52% | chained from manager-reported monthly returnsCalculation & filed sources |
| 2025-02-01 to 2026-01-31 | Class I | manager-reported net return | +9.66% | chained from manager-reported monthly returnsCalculation & filed sources |
Manager-reported performance
Manager-reported; not from SEC filings. These exact-window values appear only where no SEC-filed or SEC-derived observation covers the same fund, canonical class, and window.
Why manager and SEC returns may differ
| Window | Class | Return | Manager source |
|---|---|---|---|
| Jun 1–Jun 30, 2026 | Class I | +0.38% | Calamos/Aksia sourceCitation and archived evidence |
| May 1–May 31, 2026 | Class I | +0.38% | Calamos/Aksia sourceCitation and archived evidence |
| Apr 1–Apr 30, 2026 | Class I | +0.66% | Calamos/Aksia sourceCitation and archived evidence |
| Mar 1–Mar 31, 2026 | Class I | +0.66% | Calamos/Aksia sourceCitation and archived evidence |
| Feb 1–Feb 28, 2026 | Class I | +0.47% | Calamos/Aksia sourceCitation and archived evidence |
| Jan 1–Jan 31, 2026 | Class I | +0.66% | Calamos/Aksia sourceCitation and archived evidence |
| Dec 1–Dec 31, 2025 | Class I | +0.61% | Calamos/Aksia sourceCitation and archived evidence |
| Nov 1–Nov 30, 2025 | Class I | +0.99% | Calamos/Aksia sourceCitation and archived evidence |
| Oct 1–Oct 31, 2025 | Class I | +0.24% | Calamos/Aksia sourceCitation and archived evidence |
| Sep 1–Sep 30, 2025 | Class I | +0.99% | Calamos/Aksia sourceCitation and archived evidence |
| Aug 1–Aug 31, 2025 | Class I | +0.80% | Calamos/Aksia sourceCitation and archived evidence |
| Jul 1–Jul 31, 2025 | Class I | +0.70% | Calamos/Aksia sourceCitation and archived evidence |
| Jun 1–Jun 30, 2025 | Class I | +0.80% | Calamos/Aksia sourceCitation and archived evidence |
| May 1–May 31, 2025 | Class I | +1.27% | Calamos/Aksia sourceCitation and archived evidence |
| Apr 1–Apr 30, 2025 | Class I | +0.61% | Calamos/Aksia sourceCitation and archived evidence |
| Mar 1–Mar 31, 2025 | Class I | +0.99% | Calamos/Aksia sourceCitation and archived evidence |
| Feb 1–Feb 28, 2025 | Class I | +0.60% | Calamos/Aksia sourceCitation and archived evidence |
| Jan 1–Jan 31, 2025 | Class I | +0.66% | Calamos/Aksia sourceCitation and archived evidence |
| Dec 1–Dec 31, 2024 | Class I | +1.30% | Calamos/Aksia sourceCitation and archived evidence |
| Nov 1–Nov 30, 2024 | Class I | +1.09% | Calamos/Aksia sourceCitation and archived evidence |
| Oct 1–Oct 31, 2024 | Class I | +0.99% | Calamos/Aksia sourceCitation and archived evidence |
| Sep 1–Sep 30, 2024 | Class I | +0.61% | Calamos/Aksia sourceCitation and archived evidence |
| Aug 1–Aug 31, 2024 | Class I | +1.12% | Calamos/Aksia sourceCitation and archived evidence |
| Jul 1–Jul 31, 2024 | Class I | +1.14% | Calamos/Aksia sourceCitation and archived evidence |
Monthly performance eligibility
Canonical class: Class I · basis: manager-stated monthly total return · qualifying history: 37 months through 2026-06-30.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
Pending
Where exit demand met the cap.
Stated cap: 5% of shares/quarter. The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2025-12-01 | Pending | 100% | Pending | filled |
| 2025-09-02 | Pending | 100% | Pending | filled |
| 2025-06-02 | Pending | 100% | Pending | filled |
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Pending
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Not attributed 100.0%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Class I | Pending | 0.00% | Pending | Pending | Pending |
Management fee: 1.25% of avg daily net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001104659-26-070842.
Filed fee conditions
The Advisor is entitled to an investment management fee payable monthly in arrears and accrued daily based upon the Fund's average daily net assets at an annual rate of 1.25%. Pursuant to the sub-advisory agreement, the Advisor pays Aksia a 0.625% sub-advisory fee (also of average daily net assets) out of that same Investment Management Fee -- not an additional fund-level charge.
Canonical-class fee profile
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Class I | 1.25% | None
*
None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0001104659-25-099286 |
0.00% | Pending | 2.60%interest included*Filed label: Ratio of expenses (including interest on secured credit facility, interest on subsequent close of private investment funds, commitment fees, or other expenses related to any leverage, taxes and extraordinary expenses): Before fees waived and expenses absorbed; period 2026-03-31. before/excluding fee relief (explicit filing row); waiver state: before / excluding. SEC source 0001104659-26-070842 *Filed label: Ratio of expenses (excluding interest on secured credit facility, interest on subsequent close of private investment funds, commitment fees, or other expenses related to any leverage, taxes and extraordinary expenses): Before fees waived and expenses absorbed; period 2026-03-31. before/excluding fee relief (explicit filing row); waiver state: before / excluding. SEC source 0001104659-26-070842 |
2.43%interest included*Filed label: Ratio of expenses (including interest on secured credit facility, interest on subsequent close of private investment funds, commitment fees, or other expenses related to any leverage, taxes and extraordinary expenses): Before fees waived and expenses absorbed 2.60 % 3.19 % 3.27 % 6 After fees waived and expenses absorbed; period 2026-03-31. After waiver: yes; interest: included; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001104659-26-070842 *Filed label: Ratio of expenses (excluding interest on secured credit facility, interest on subsequent close of private investment funds, commitment fees, or other expenses related to any leverage, taxes and extraordinary expenses): Before fees waived and expenses absorbed 1.67 % 1.97 % 2.69 % 6 After fees waived and expenses absorbed; period 2026-03-31. After waiver: yes; interest: excluded; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001104659-26-070842 |
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.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (1)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | The Advisor is entitled to an investment management fee payable monthly in arrears and accrued daily based upon the Fund's average daily net assets at an annual rate of 1.25%. Pursuant to the sub-advisory agreement, the Advisor pays Aksia a 0.625% sub-advisory fee (also of average daily net assets) out of that same Investment Management Fee -- not an additional fund-level charge. | 1.25 pct_annual_of_avg_daily_net_assets | Pending |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-07-31 | N-23C3A | 0001104659-26-089032 |
| 2026-06-05 | N-CSR | 0001104659-26-070842 |
| 2026-05-29 | NPORT-P | 0001193125-26-248008 |
| 2026-05-01 | N-23C3A | 0001104659-26-053582 |
| 2026-04-13 | 424B3 | 0001104659-26-042144 |
| 2026-02-27 | NPORT-P | 0001193125-26-077717 |
| 2026-01-30 | N-23C3A | 0001104659-26-008341 |
| 2025-12-03 | N-CSRS | 0001104659-25-118064 |
| 2025-11-20 | NPORT-P | 0001193125-25-289643 |
| 2025-10-31 | N-23C3A | 0001104659-25-104681 |
| 2025-10-14 | 486BPOS | 0001104659-25-099286 |
| 2025-08-27 | NPORT-P | 0001145549-25-054413 |
| 2025-08-01 | N-23C3A | 0001104659-25-073082 |
| 2025-06-05 | N-CSR | 0001104659-25-056754 |
| 2025-05-29 | NPORT-P | 0001145549-25-036607 |