Variant Alternative Income Fund LP

Frequently Asked Questions About NICHX

What does NICHX invest in?

Continuously offered, non-diversified registered closed-end interval fund. Primary objective is high current income with capital appreciation as secondary. Invests in alternative income-generating assets including private credit, asset-based lending, music royalties, litigation finance, government receivables, medical liens, consumer credit, real estate debt, and transportation finance. May also hold public debt, MLPs, BDCs, and preferred stock. Targets accredited investors with limited liquidity via periodic repurchase offers.

What is the expense ratio of NICHX?

Variant Alternative Income Fund LP (NICHX) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations.

What is NICHX's dividend yield?

NICHX's trailing-twelve-month yield is 10.03%, calculated from the sum of dividends over the past year divided by the current price.

How big is NICHX?

Variant Alternative Income Fund LP (NICHX) manages $2.68B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NICHX actively managed or an index fund?

NICHX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was NICHX launched?

Variant Alternative Income Fund LP (NICHX) launched in October 2018 and is managed by the fund issuer.