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 | -11.24% | -9.96% | 8.11% | 16.65% | 30.54% | 8.92% | $645 | 16.39 | 18.74 | 1370 | 1.94% | 83.16% | 53.04% | 0.80 |
| Sector Equity CEFs | 89 | -4.71% | -4.45% | 8.07% | 27.34% | 29.94% | 15.47% | $965 | 15.67 | 17.01 | 3179 | -5.33% | 86.34% | 55.40% | 0.68 |
| Taxable Bond CEFs | 132 | -0.53% | -4.34% | 10.08% | 6.84% | 19.67% | 24.74% | $459 | 12.15 | 8.06 | 1935 | -0.86% | 57.64% | 46.31% | 0.62 |
| Debt Focused BDCs | 48 | -6.62% | -5.91% | 11.31% | 20.87% | 0.56% | 50.35% | $1528 | 22.02 | 5.78 | 6799 | 1.24% | N/A | 19.14% | 0.62 |
| Municipal (tax-free) CEFs | 108 | -6.72% | -5.34% | 5.71% | 5.25% | 11.86% | 29.79% | $492 | 9.86 | 7.01 | 1264 | 1.27% | 68.38% | 43.85% | 0.92 |
| All Listed CEFs/BDCs | 463 | -5.60% | -5.96% | 8.40% | 13.57% | 19.52% | 23.99% | $705 | 14.25 | 11.25 | 2406 | -0.38% | 64.34% | 45.81% | 0.70 |
| 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 | -0.01% | -0.13% | -1.19% | -1.00% | 9.99% | 8.73% | 9.22% | 6.69% | 27.71% | 22.28% | -0.11% | 0.56% | 7.00% | 7.03% | 6.74% | 6.22% | -1.24% | -0.87% | 16.28% | 12.44% |
| Sector Equity CEFs | -0.15% | -0.21% | -0.82% | -0.15% | 11.26% | 9.28% | 13.71% | 10.70% | 32.50% | 26.26% | 4.80% | 5.25% | 6.71% | 6.84% | 5.99% | 5.56% | -0.81% | 0.16% | 23.27% | 17.30% |
| Taxable Bond CEFs | 0.63% | 0.02% | -1.15% | -0.24% | 5.82% | 3.30% | 8.30% | 5.62% | 23.05% | 15.80% | 0.91% | 1.07% | 4.43% | 3.93% | 5.30% | 4.39% | -1.21% | -0.50% | 14.31% | 8.40% |
| Debt Focused BDCs | -1.68% | 0.07% | -1.39% | 0.27% | 2.99% | 2.86% | -1.00% | 4.55% | 11.60% | 8.68% | 5.20% | 6.93% | 6.74% | 6.40% | 7.22% | 6.94% | -1.47% | 0.39% | 5.12% | 6.89% |
| Municipal (tax-free) CEFs | 0.96% | 0.66% | -2.34% | -1.59% | 1.88% | -1.38% | 6.58% | 2.37% | 22.95% | 14.11% | -4.57% | -2.82% | -0.17% | 0.32% | 2.73% | 2.61% | -2.68% | -1.69% | 9.73% | 2.37% |
| All Listed CEFs/BDCs | 0.20% | 0.10% | -1.33% | -0.61% | 6.45% | 4.25% | 8.21% | 5.92% | 24.68% | 17.83% | 0.52% | 1.44% | 4.42% | 4.38% | 5.15% | 4.68% | -1.42% | -0.62% | 14.58% | 9.24% |
Visit The Fund Screener
- {{funddata}}
Member News
Past Events
NYC - In Person - November 13th, 2024
NYC - In Person - November 15th, 2023
NYC - In Person - November 16th, 2022
