NICHX: Variant Alternative Income Institutional

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NICHX Variant Alternative Income Institutional


Profile

NICHX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 47.3%

52 WEEK LOW AND HIGH

$26.33
$25.96
$27.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -0.7%
  • 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 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Variant Alternative Income Fund
  • Fund Family Name
    Variant
  • Inception Date
    Sep 28, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Curtis Fintel

Fund Description

Under normal market conditions, the fund will seek to achieve its investment objective by investing, directly or indirectly through a wide range of investment vehicles (“underlying funds”), a majority of its net assets (plus any borrowings for investment purposes) in alternative income-generating investments. It may also invest in public securities, including public debt, master limited partnerships, business development companies, and preferred stock. The fund is non-diversified.


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Categories

Performance

NICHX - Performance

Return Ranking - Trailing

Period NICHX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -0.7% -0.7% 100.00%
1 Yr 1.5% 1.4% 1.5% 50.00%
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 NICHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% 5.5% 5.6% 50.00%
2018 N/A N/A N/A N/A
2017 N/A N/A N/A N/A
2016 N/A N/A N/A N/A
2015 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period NICHX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -0.7% -0.7% 100.00%
1 Yr 1.5% 1.4% 1.5% 50.00%
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 NICHX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% 5.5% 5.6% 50.00%
2018 N/A N/A N/A N/A
2017 N/A N/A N/A N/A
2016 N/A N/A N/A N/A
2015 N/A N/A N/A N/A

NAV & Total Return History


Holdings

NICHX - Holdings

Concentration Analysis

NICHX Category Low Category High NICHX % Rank
Net Assets N/A N/A N/A N/A
Number of Holdings 94 94 94 50.00%
Net Assets in Top 10 187 M 187 M 187 M 50.00%
Weighting of Top 10 47.25% 47.3% 47.3% 50.00%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High NICHX % Rank
Other
92.97% 92.97% 92.97% 50.00%
Bonds
3.61% 3.61% 3.61% 50.00%
Cash
3.08% 3.08% 3.08% 50.00%
Stocks
0.35% 0.35% 0.35% 50.00%
Preferred Stocks
0.00% 0.00% 0.00% 50.00%
Convertible Bonds
0.00% 0.00% 0.00% 50.00%

Stock Sector Breakdown

Weighting Return Low Return High NICHX % Rank
Energy
26.11% 26.11% 26.11% 50.00%
Consumer Cyclical
22.86% 22.86% 22.86% 50.00%
Real Estate
17.53% 17.53% 17.53% 50.00%
Consumer Defense
7.54% 7.54% 7.54% 50.00%
Financial Services
5.98% 5.98% 5.98% 50.00%
Industrials
5.90% 5.90% 5.90% 50.00%
Utilities
5.63% 5.63% 5.63% 50.00%
Basic Materials
4.09% 4.09% 4.09% 50.00%
Healthcare
1.94% 1.94% 1.94% 50.00%
Technology
1.63% 1.63% 1.63% 50.00%
Communication Services
0.79% 0.79% 0.79% 50.00%

Stock Geographic Breakdown

Weighting Return Low Return High NICHX % Rank
Non US
0.23% 0.23% 0.23% 50.00%
US
0.12% 0.12% 0.12% 50.00%

Expenses

NICHX - Expenses

Operational Fees

NICHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A N/A N/A N/A
Management Fee 0.95% 0.95% 0.95% 50.00%
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

NICHX 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

NICHX 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.

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

Distributions

NICHX - Distributions

Dividend Yield Analysis

NICHX Category Low Category High NICHX % Rank
Dividend Yield 0.00% 0.00% 0.00% 50.00%

Dividend Distribution Analysis

NICHX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

NICHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Dividend Payout History

View More +

Fund Manager Analysis

NICHX - Fund Manager Analysis

Managers

Curtis Fintel


Start Date

Tenure

Tenure Rank

Sep 28, 2018

1.76

1.8%

Curt Fintel is a principal and co-founder of the Investment Manager with over 20 years of experience in the investment management industry.Curt is a member of the CFA Society of Portland, and has been a CFA charterholder since 1999. He received a BS and MS in Economics from Iowa State University and constructed his graduate thesis on the empirical analysis of alternative option valuations.

Robert Elsasser


Start Date

Tenure

Tenure Rank

Sep 28, 2018

1.76

1.8%

Bob Elsasser is a principal and co-founder of Variant Investments, LLC with over 26 years of experience in the industry. Prior to founding Variant Investments, LLC, Bob was the Director of Fixed Income Research at CTC | myCFO. Before joining the organization in 2006, Bob was the Senior Vice President of Fixed Income and Foreign Exchange at the Federal Reserve Bank of New York. Bob received his BA in Finance from the University of Washington and his MBA in Finance from New York University.

Jerald Hayes


Start Date

Tenure

Tenure Rank

Sep 28, 2018

1.76

1.8%

J.B. Hayes is a principal and co-founder of Variant Investments, LLC with over 16 years of experience in the industry. Prior to founding Variant Investments, LLC, J.B. was the Director of Private Markets at CTC | myCFO. Before joining the organization in 2001, J.B. was with the Private Client Group at Merrill Lynch. J.B. is a member of the CFA Society of Portland, and has been a CFA charterholder since 2004. He received a BS in Business with a focus on finance from the University of Oregon.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.76 1.76 1.76 1.76