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 | 81 | -9.81% | -9.30% | 8.12% | 36.23% | 26.21% | 8.71% | $826 | 17.48 | 15.88 | 3086 | -0.98% | 85.78% | 61.00% | 0.73 |
| Sector Equity CEFs | 80 | -5.31% | -3.94% | 8.34% | 26.69% | 28.42% | 15.33% | $1471 | 16.45 | 14.79 | 7508 | -4.39% | 84.40% | 57.46% | 0.54 |
| Taxable Bond CEFs | 126 | -7.06% | -3.71% | 10.93% | 0.53% | 21.73% | 25.63% | $516 | 13.09 | 6.85 | 2257 | -5.30% | 63.05% | 59.96% | 0.62 |
| Debt Focused BDCs | 48 | -22.51% | -6.66% | 13.20% | -16.34% | 0.80% | 52.16% | $1644 | 28.51 | 6.28 | 12900 | -5.03% | N/A | 37.30% | 0.61 |
| Municipal (tax-free) CEFs | 76 | -3.69% | -5.76% | 6.04% | 44.54% | 21.85% | 32.42% | $632 | 9.81 | 7.10 | 1647 | -3.18% | 66.86% | 49.55% | 1.19 |
| All Listed CEFs/BDCs | 414 | -8.50% | -5.75% | 9.19% | 18.77% | 21.34% | 24.64% | $910 | 16.01 | 10.33 | 4552 | -3.83% | 62.59% | 54.69% | 0.69 |
| 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 | -0.38% | 0.56% | 2.84% | 3.48% | 7.65% | 8.30% | 14.11% | 14.94% | 29.78% | 30.48% | 20.49% | 18.41% | 7.74% | 7.87% | 11.02% | 10.17% | 13.15% | 13.56% | 12.09% | 13.94% |
| Sector Equity CEFs | -0.56% | -0.04% | -0.20% | 0.43% | 0.58% | 1.84% | 8.94% | 9.56% | 22.45% | 24.46% | 17.67% | 16.52% | 7.81% | 8.38% | 8.91% | 8.58% | 5.86% | 5.65% | 7.68% | 9.08% |
| Taxable Bond CEFs | -0.58% | 0.30% | 0.01% | 1.09% | 0.96% | 2.43% | -0.65% | 2.16% | 4.75% | 8.38% | 10.02% | 9.71% | 2.42% | 3.55% | 6.00% | 5.94% | 4.16% | 4.46% | -0.26% | 2.16% |
| Debt Focused BDCs | 0.76% | 0.09% | -5.16% | 0.53% | -0.39% | -0.52% | -9.27% | -1.01% | -11.58% | 2.55% | 2.25% | 6.07% | 0.83% | 6.73% | 5.88% | 6.96% | 3.22% | 0.85% | -8.23% | 0.10% |
| Municipal (tax-free) CEFs | 0.10% | 0.75% | 1.03% | 1.24% | 0.26% | 1.02% | 3.78% | 2.96% | 12.61% | 9.70% | 7.18% | 3.97% | -0.83% | -0.63% | 1.87% | 1.91% | 3.21% | 3.04% | 4.13% | 2.70% |
| All Listed CEFs/BDCs | -0.26% | 0.34% | 0.17% | 1.39% | 2.00% | 3.08% | 3.86% | 5.90% | 12.72% | 15.41% | 12.31% | 11.24% | 3.71% | 4.81% | 6.73% | 6.55% | 5.91% | 5.74% | 3.64% | 5.86% |
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