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 | -12.27% | -9.89% | 7.86% | 0.45% | 29.07% | 9.32% | $652 | 16.54 | 18.72 | 1343 | -0.60% | 83.36% | 67.37% | 0.78 |
| Sector Equity CEFs | 92 | -5.84% | -4.69% | 8.09% | 24.31% | 27.68% | 15.76% | $891 | 16.29 | 17.18 | 2587 | 1.38% | 84.46% | 67.89% | 0.71 |
| Taxable Bond CEFs | 136 | -1.58% | -4.83% | 10.17% | 8.06% | 19.88% | 25.71% | $438 | 13.35 | 7.95 | 1621 | 1.15% | 58.60% | 65.41% | 0.77 |
| Debt Focused BDCs | 47 | 0.72% | -6.00% | 10.21% | 20.09% | 0.83% | 50.44% | $1457 | 22.88 | 5.89 | 7208 | -3.07% | N/A | 42.64% | 0.65 |
| Municipal (tax-free) CEFs | 108 | -7.80% | -5.31% | 5.58% | 0.76% | 9.12% | 31.46% | $498 | 11.43 | 6.80 | 1080 | -1.61% | 77.48% | 66.12% | 0.96 |
| All Listed CEFs/BDCs | 469 | -5.79% | -6.12% | 8.25% | 9.88% | 18.43% | 24.70% | $677 | 15.15 | 11.22 | 2184 | -0.24% | 66.13% | 63.78% | 0.75 |
| 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 | 1.80% | 1.91% | 3.64% | 3.18% | 6.79% | 5.41% | 12.74% | 11.52% | 15.29% | 13.84% | -0.37% | 1.17% | 6.85% | 7.09% | 6.06% | 5.83% | 2.78% | 3.02% | 12.67% | 10.39% |
| Sector Equity CEFs | 1.51% | 1.83% | 3.76% | 3.39% | 8.07% | 6.13% | 13.51% | 11.38% | 17.81% | 15.82% | 4.34% | 5.29% | 5.44% | 5.69% | 4.83% | 4.47% | 2.40% | 2.86% | 15.04% | 11.37% |
| Taxable Bond CEFs | 1.15% | 0.90% | 2.19% | 1.26% | 5.69% | 3.30% | 8.51% | 4.93% | 16.32% | 11.06% | 0.13% | 0.62% | 4.06% | 3.30% | 4.60% | 3.93% | 2.10% | 1.28% | 9.72% | 5.01% |
| Debt Focused BDCs | 0.49% | 0.02% | 1.38% | 1.73% | 5.11% | 2.79% | 7.09% | 4.73% | 19.00% | 9.98% | 7.58% | 7.34% | 8.47% | 6.38% | 7.36% | 7.00% | 1.68% | 0.02% | 8.82% | 4.79% |
| Municipal (tax-free) CEFs | 1.25% | 0.71% | 2.89% | 1.01% | 6.67% | 3.29% | 6.72% | 1.80% | 9.19% | 5.73% | -5.71% | -3.41% | -0.05% | 0.43% | 2.98% | 3.01% | 1.53% | 0.86% | 7.67% | 1.74% |
| All Listed CEFs/BDCs | 1.33% | 1.12% | 2.83% | 2.00% | 6.54% | 4.15% | 9.76% | 6.57% | 15.11% | 11.12% | 0.09% | 1.28% | 4.21% | 4.00% | 4.67% | 4.36% | 2.11% | 1.66% | 10.82% | 6.38% |
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