The Active Investment Company Alliance (AICA) will be the premier 501(c)(6) non-profit trade association for listed closed-end funds, business development companies, interval and tender offer funds.
Membership will be broad-based globally across fund sponsors (member firm who manages a closed-ended management company, BDC or equivalent), or product sponsors (member firm who manages an investment product: open-end, UIT, ETF, CEF, SMA, LP where the underlying investments are focused on closed-ended management companies, BDC or equivalent).
Average CEF Universe Data
| #Funds | Current Disc/Prm | 10 Yr Avg Disc/Prm | Market Yield | 3 Yr Div Growth | 3 Yr RoC % | Leverage | Net Assets (MM) | 1 Yr Price St. Dev | 3 Yr NAV St. Dev | 90 Day $ Liquidity (M) | 90 Day Volume Trend | 90 Day Price/Nav Corr | Corr to 12 Sectors Index | Beta to S&P 500 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US / Global Equity CEFs | 82 | -8.65% | -10.24% | 8.67% | 19.38% | 29.43% | 8.93% | $665 | 21.57 | 17.42 | 1807 | -11.34% | 91.05% | 66.94% | 0.76 |
| Sector Equity CEFs | 83 | -2.60% | -3.92% | 8.48% | 22.08% | 29.54% | 15.49% | $1063 | 19.17 | 16.30 | 9504 | -14.65% | 93.33% | 69.30% | 0.63 |
| Taxable Bond CEFs | 128 | -0.85% | -3.94% | 10.43% | 6.14% | 20.16% | 26.15% | $486 | 14.68 | 7.48 | 2306 | -12.90% | 73.15% | 65.50% | 0.70 |
| Debt Focused BDCs | 48 | -8.18% | -7.81% | 11.26% | 9.67% | 0.17% | 51.08% | $1705 | 25.86 | 5.12 | 9984 | -5.34% | N/A | 53.43% | 0.65 |
| Municipal (tax-free) CEFs | 105 | -6.03% | -5.40% | 6.29% | 11.75% | 18.03% | 33.25% | $452 | 10.88 | 8.09 | 1298 | -8.10% | 71.37% | 41.90% | 0.97 |
| All Listed CEFs/BDCs | 450 | -4.73% | -6.01% | 8.83% | 13.19% | 20.81% | 25.20% | $744 | 17.42 | 10.92 | 4111 | -10.47% | 71.79% | 59.29% | 0.71 |
| 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | 10 Year(%) | QTD(%) | YTD(%) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | |
| US / Global Equity CEFs | 2.99% | 2.59% | 4.88% | 4.42% | 10.78% | 9.91% | 13.26% | 9.70% | 19.53% | 14.00% | 12.82% | 12.23% | 11.91% | 10.38% | 7.66% | 6.84% | 10.78% | 9.91% | 13.28% | 9.78% |
| Sector Equity CEFs | 1.86% | 1.15% | 3.73% | 3.16% | 5.06% | 4.22% | 9.74% | 7.11% | 17.23% | 13.88% | 11.04% | 10.26% | 11.34% | 10.42% | 7.45% | 6.55% | 5.06% | 4.22% | 9.46% | 6.95% |
| Taxable Bond CEFs | 2.09% | 1.03% | 3.00% | 2.21% | 3.33% | 3.87% | 5.48% | 4.51% | 12.10% | 10.45% | 10.66% | 9.15% | 7.60% | 6.09% | 6.24% | 5.02% | 3.33% | 3.87% | 5.15% | 4.63% |
| Debt Focused BDCs | 1.72% | 0.65% | 1.68% | 2.11% | -3.22% | 2.82% | -1.82% | 3.35% | 0.05% | 8.44% | 9.21% | 7.72% | 15.67% | 9.67% | 6.63% | 6.51% | -3.22% | 2.82% | -2.41% | 3.26% |
| Municipal (tax-free) CEFs | 0.95% | 0.21% | 0.84% | 0.59% | -1.69% | -2.32% | 0.25% | -3.62% | 0.17% | -2.90% | 1.03% | 1.04% | -0.25% | -0.76% | 2.38% | 2.00% | -1.69% | -2.32% | -0.29% | -3.81% |
| All Listed CEFs/BDCs | 1.94% | 1.10% | 2.97% | 2.38% | 3.31% | 3.46% | 5.77% | 3.81% | 10.57% | 8.24% | 8.66% | 7.80% | 7.95% | 6.32% | 5.77% | 4.97% | 3.31% | 3.46% | 5.43% | 3.86% |
Visit The Fund Screener
- {{funddata}}
Member News
Past Events
June 6th, 2025 - Cafe 55 - 55 Water St, PECK SLIP, NY 10041
November 13th, 2024 - DownTown Association - 60 Pine Street, NY, NY 1005
November 15th, 2023 - DownTown Association - 60 Pine Street, NY, NY 1005