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 | -11.33% | -9.95% | 8.08% | 13.44% | 30.56% | 8.94% | $649 | 16.79 | 18.73 | 1427 | 0.78% | 86.22% | 60.91% | 0.78 |
| Sector Equity CEFs | 89 | -4.49% | -4.45% | 8.01% | 28.67% | 29.97% | 15.57% | $974 | 16.18 | 16.99 | 3277 | -1.80% | 87.78% | 63.31% | 0.67 |
| Taxable Bond CEFs | 132 | -0.71% | -4.35% | 10.11% | 7.00% | 19.69% | 24.80% | $460 | 12.61 | 8.07 | 1983 | 2.37% | 60.86% | 61.33% | 0.52 |
| Debt Focused BDCs | 48 | -3.67% | -5.90% | 10.96% | 21.08% | 0.56% | 50.29% | $1517 | 22.18 | 5.78 | 7403 | -3.49% | N/A | 36.16% | 0.61 |
| Municipal (tax-free) CEFs | 108 | -6.85% | -5.34% | 5.73% | 4.97% | 11.86% | 29.52% | $490 | 10.39 | 7.00 | 1264 | 3.32% | 51.99% | 59.28% | 0.87 |
| All Listed CEFs/BDCs | 463 | -5.36% | -5.97% | 8.36% | 13.37% | 19.54% | 23.96% | $706 | 14.69 | 11.24 | 2512 | 1.13% | 61.93% | 58.24% | 0.65 |
| 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 | -0.87% | -0.69% | -0.68% | -0.70% | 5.23% | 4.10% | 11.44% | 8.32% | 36.05% | 28.93% | 0.45% | 1.26% | 7.44% | 7.37% | 6.70% | 6.22% | -1.03% | -0.60% | 16.54% | 12.74% |
| Sector Equity CEFs | -0.80% | -0.30% | 0.44% | 0.72% | 8.22% | 6.70% | 17.24% | 12.74% | 41.85% | 32.83% | 5.32% | 5.77% | 6.84% | 6.91% | 6.10% | 5.63% | -0.10% | 0.67% | 24.14% | 17.86% |
| Taxable Bond CEFs | -0.71% | -0.15% | -0.84% | -0.56% | 4.11% | 3.11% | 10.27% | 6.68% | 29.54% | 18.18% | 1.05% | 1.30% | 4.47% | 3.88% | 5.26% | 4.38% | -1.34% | -0.49% | 14.15% | 8.43% |
| Debt Focused BDCs | -0.54% | 0.03% | 1.63% | 0.96% | -0.63% | 2.92% | 1.97% | 4.61% | 21.83% | 8.72% | 6.62% | 6.95% | 7.40% | 6.40% | 7.62% | 6.94% | 1.34% | 0.30% | 8.34% | 6.88% |
| Municipal (tax-free) CEFs | -2.44% | -1.05% | -2.66% | -1.87% | 2.08% | 0.34% | 8.84% | 3.91% | 29.12% | 18.08% | -4.22% | -2.65% | -0.14% | 0.21% | 2.74% | 2.54% | -3.03% | -1.91% | 9.33% | 2.13% |
| All Listed CEFs/BDCs | -1.16% | -0.46% | -0.67% | -0.48% | 4.15% | 3.29% | 10.66% | 7.27% | 32.23% | 21.93% | 0.98% | 1.77% | 4.59% | 4.41% | 5.19% | 4.67% | -1.09% | -0.53% | 14.94% | 9.36% |
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