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 | -9.87% | -9.97% | 8.60% | 18.40% | 32.50% | 8.79% | $655 | 17.06 | 17.96 | 1755 | -0.90% | 81.15% | 57.96% | 0.77 |
Sector Equity CEFs | 85 | -3.36% | -4.05% | 8.33% | 25.65% | 29.81% | 15.63% | $1018 | 15.69 | 16.64 | 5358 | -1.25% | 82.58% | 60.61% | 0.65 |
Taxable Bond CEFs | 129 | -0.37% | -4.24% | 10.16% | 6.74% | 20.89% | 25.36% | $473 | 11.76 | 8.01 | 2277 | -1.11% | 60.83% | 50.63% | 0.55 |
Debt Focused BDCs | 47 | 0.66% | -5.87% | 10.43% | 19.45% | 0.34% | 50.85% | $1579 | 22.46 | 5.48 | 9602 | -11.71% | N/A | 29.67% | 0.55 |
Municipal (tax-free) CEFs | 107 | -6.53% | -5.40% | 5.82% | 6.02% | 15.73% | 31.40% | $478 | 9.58 | 7.25 | 1552 | -19.77% | 79.61% | 51.25% | 0.94 |
All Listed CEFs/BDCs | 453 | -4.15% | -5.89% | 8.49% | 13.60% | 21.05% | 24.63% | $721 | 14.31 | 11.06 | 3335 | -6.57% | 67.82% | 51.56% | 0.67 |
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 | 1.34% | 1.27% | 4.15% | 3.77% | 5.15% | 3.31% | 10.14% | 6.92% | 19.60% | 14.63% | 3.80% | 3.84% | 6.76% | 6.49% | 7.06% | 6.35% | 6.11% | 4.62% | 6.11% | 4.62% |
Sector Equity CEFs | 0.94% | 0.72% | 2.82% | 2.43% | 4.06% | 2.28% | 9.45% | 6.80% | 24.11% | 19.25% | 6.89% | 6.53% | 6.13% | 6.26% | 6.83% | 6.17% | 5.74% | 4.24% | 5.74% | 4.24% |
Taxable Bond CEFs | 0.49% | 0.38% | 2.33% | 1.61% | 3.45% | 2.50% | 5.96% | 4.97% | 14.59% | 10.94% | 4.87% | 3.37% | 3.84% | 3.53% | 5.66% | 4.75% | 3.06% | 2.06% | 3.06% | 2.06% |
Debt Focused BDCs | 1.80% | 0.04% | 4.79% | 0.18% | 8.08% | 3.05% | 10.88% | 5.42% | 14.49% | 9.57% | 7.95% | 6.87% | 7.49% | 6.95% | 8.36% | 7.20% | 5.13% | 0.24% | 5.13% | 0.24% |
Municipal (tax-free) CEFs | 0.00% | -0.49% | 2.51% | 1.76% | -0.17% | -0.55% | 0.71% | -0.33% | 7.42% | 2.71% | -1.03% | -1.30% | -0.99% | -0.52% | 2.58% | 2.33% | 3.31% | 0.39% | 3.31% | 0.39% |
All Listed CEFs/BDCs | 0.82% | 0.36% | 3.09% | 2.02% | 3.71% | 1.96% | 6.87% | 4.41% | 15.98% | 11.00% | 3.91% | 3.26% | 4.00% | 3.91% | 5.55% | 4.86% | 4.48% | 2.33% | 4.48% | 2.33% |
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June 6th, 2025 - DownTown Association - 60 Pine Street, NY, NY 10005
November 19th, 2025 DownTown Association 60 Pine Street, NY, NY 10005
November 13th, 2024 - DownTown Association - 60 Pine Street, NY, NY 1005