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 | -11.27% | -9.95% | 7.98% | 13.44% | 30.49% | 8.93% | $656 | 17.05 | 18.72 | 1492 | 2.79% | 85.43% | 61.88% | 0.77 |
| Sector Equity CEFs | 89 | -4.12% | -4.48% | 7.88% | 28.59% | 30.24% | 15.74% | $968 | 16.41 | 16.95 | 3183 | 1.32% | 87.33% | 64.09% | 0.64 |
| Taxable Bond CEFs | 132 | 0.00% | -4.37% | 9.96% | 6.93% | 19.58% | 24.78% | $459 | 12.83 | 8.07 | 2048 | 3.98% | 65.44% | 61.10% | 0.53 |
| Debt Focused BDCs | 48 | -3.31% | -5.89% | 10.87% | 21.18% | 0.56% | 50.29% | $1517 | 22.39 | 5.90 | 7341 | 4.27% | N/A | 38.35% | 0.55 |
| Municipal (tax-free) CEFs | 108 | -5.80% | -5.34% | 5.58% | 4.97% | 11.23% | 30.39% | $498 | 10.45 | 6.94 | 1285 | 4.60% | 62.26% | 60.09% | 0.86 |
| All Listed CEFs/BDCs | 463 | -4.78% | -5.98% | 8.23% | 13.34% | 19.40% | 24.20% | $708 | 14.88 | 11.24 | 2522 | 3.70% | 65.33% | 58.90% | 0.64 |
| 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 | 0.34% | 0.59% | 3.32% | 3.11% | 3.62% | 2.60% | 15.28% | 11.94% | 29.30% | 24.08% | 1.11% | 1.87% | 7.87% | 7.83% | 7.43% | 6.84% | -0.07% | 0.31% | 17.67% | 13.79% |
| Sector Equity CEFs | 0.91% | 1.50% | 2.38% | 2.00% | 8.04% | 6.00% | 21.06% | 16.20% | 36.22% | 28.49% | 6.08% | 6.24% | 7.25% | 7.22% | 6.46% | 5.93% | 0.76% | 1.23% | 25.25% | 18.50% |
| Taxable Bond CEFs | -0.26% | 0.52% | 1.05% | 0.56% | 4.98% | 3.47% | 13.19% | 8.02% | 27.96% | 17.92% | 1.56% | 1.44% | 4.81% | 4.02% | 5.55% | 4.55% | -0.18% | -0.01% | 15.48% | 8.95% |
| Debt Focused BDCs | 2.01% | 0.09% | 1.95% | 1.18% | -0.94% | 2.97% | 4.84% | 4.58% | 15.63% | 8.67% | 6.93% | 6.78% | 7.49% | 6.41% | 7.94% | 6.95% | 1.53% | 0.22% | 8.68% | 6.77% |
| Municipal (tax-free) CEFs | 0.07% | 0.32% | -0.40% | -0.27% | 4.22% | 1.78% | 11.41% | 5.22% | 28.73% | 17.85% | -3.85% | -2.21% | 0.32% | 0.43% | 3.02% | 2.61% | -0.53% | -0.49% | 12.16% | 3.62% |
| All Listed CEFs/BDCs | 0.43% | 0.63% | 1.50% | 1.16% | 4.55% | 3.33% | 13.85% | 9.27% | 28.82% | 20.08% | 1.48% | 2.07% | 4.97% | 4.64% | 5.57% | 4.90% | 0.20% | 0.20% | 16.47% | 10.16% |
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