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 | 79 | -9.26% | -9.39% | 8.38% | 65.25% | 28.76% | 9.29% | $731 | 19.92 | 15.40 | 2277 | 1.28% | 78.23% | 68.06% | 0.73 |
| Sector Equity CEFs | 82 | -4.28% | -4.03% | 8.01% | 22.27% | 30.52% | 15.00% | $1553 | 19.15 | 15.10 | 16928 | -2.08% | 76.30% | 66.46% | 0.53 |
| Taxable Bond CEFs | 127 | -5.75% | -3.45% | 11.91% | 3.43% | 22.64% | 25.03% | $515 | 14.94 | 6.74 | 2651 | -5.37% | 53.15% | 65.10% | 0.46 |
| Debt Focused BDCs | 49 | -24.89% | -6.50% | 13.77% | -8.21% | 0.72% | 50.73% | $1668 | 29.04 | 5.15 | 11753 | 15.07% | N/A | 49.98% | 0.50 |
| Municipal (tax-free) CEFs | 79 | -3.42% | -5.77% | 5.95% | 44.25% | 20.99% | 32.84% | $617 | 10.18 | 7.13 | 1819 | -13.70% | 66.05% | 33.25% | 1.05 |
| All Listed CEFs/BDCs | 419 | -8.03% | -5.68% | 9.52% | 24.75% | 22.31% | 24.51% | $910 | 17.73 | 10.03 | 6267 | -2.89% | 60.40% | 57.74% | 0.61 |
| 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 | 0.45% | 0.30% | 1.96% | 1.97% | 9.86% | 8.95% | 12.59% | 13.51% | 29.78% | 27.09% | 18.42% | 17.01% | 9.50% | 8.83% | 11.70% | 10.44% | 6.93% | 7.16% | 6.93% | 7.16% |
| Sector Equity CEFs | 1.16% | 0.89% | 3.55% | 2.91% | 10.27% | 9.58% | 15.69% | 16.74% | 27.68% | 27.50% | 16.64% | 16.21% | 10.80% | 10.61% | 10.25% | 9.57% | 8.34% | 8.29% | 8.34% | 8.29% |
| Taxable Bond CEFs | -1.11% | -0.26% | -2.19% | -0.25% | -0.18% | 0.87% | -1.33% | 2.85% | 4.43% | 8.03% | 9.06% | 9.45% | 3.81% | 3.81% | 7.15% | 6.54% | -0.13% | 1.19% | -0.13% | 1.19% |
| Debt Focused BDCs | -3.33% | 0.11% | -9.25% | 0.37% | -8.96% | 2.10% | -15.27% | 3.98% | -19.63% | 6.24% | 1.00% | 8.00% | 4.32% | 8.68% | 7.30% | 7.41% | -9.32% | 0.62% | -9.32% | 0.62% |
| Municipal (tax-free) CEFs | 0.55% | 0.74% | 2.43% | 2.26% | 4.55% | 2.60% | 10.76% | 9.39% | 7.13% | 3.39% | 7.08% | 4.65% | 0.60% | 0.14% | 2.48% | 2.29% | 4.15% | 2.74% | 4.15% | 2.74% |
| All Listed CEFs/BDCs | -0.29% | 0.30% | -0.22% | 1.33% | 3.52% | 4.57% | 5.16% | 8.87% | 11.47% | 14.32% | 11.17% | 11.11% | 5.66% | 5.84% | 7.69% | 7.07% | 2.59% | 3.92% | 2.59% | 3.92% |
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