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 | -11.86% | -9.88% | 8.05% | 0.74% | 29.03% | 9.34% | $635 | 16.62 | 18.75 | 1322 | -4.37% | 82.28% | 67.37% | 0.79 |
| Sector Equity CEFs | 92 | -5.49% | -4.69% | 8.29% | 24.49% | 27.88% | 15.81% | $863 | 16.37 | 17.20 | 2601 | -1.95% | 83.89% | 67.74% | 0.75 |
| Taxable Bond CEFs | 136 | -2.03% | -4.84% | 10.49% | 10.16% | 19.79% | 25.57% | $433 | 13.53 | 7.95 | 1621 | -2.93% | 59.04% | 65.41% | 0.69 |
| Debt Focused BDCs | 47 | -1.11% | -5.99% | 10.37% | 20.42% | 0.83% | 50.42% | $1457 | 22.94 | 5.90 | 7035 | 2.91% | N/A | 42.45% | 0.71 |
| Municipal (tax-free) CEFs | 108 | -8.46% | -5.30% | 5.69% | 0.41% | 9.13% | 31.41% | $493 | 11.51 | 6.81 | 1046 | 2.75% | 73.02% | 66.20% | 0.91 |
| All Listed CEFs/BDCs | 469 | -6.14% | -6.12% | 8.46% | 10.57% | 18.44% | 24.66% | $666 | 15.25 | 11.23 | 2158 | -1.15% | 64.91% | 63.78% | 0.73 |
| 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 | 0.83% | -0.03% | 1.69% | 0.62% | 2.31% | 1.42% | 9.68% | 7.15% | 14.30% | 12.92% | -1.35% | -0.02% | 6.27% | 6.38% | 5.69% | 5.36% | 0.02% | -0.06% | 9.68% | 7.15% |
| Sector Equity CEFs | 1.12% | -0.23% | 1.95% | 0.48% | 3.89% | 2.24% | 12.20% | 8.30% | 17.23% | 15.04% | 3.24% | 4.07% | 5.09% | 5.18% | 4.56% | 4.12% | -0.16% | -0.02% | 12.20% | 8.30% |
| Taxable Bond CEFs | 0.48% | -0.38% | 1.41% | 0.38% | 2.06% | 0.82% | 7.56% | 3.42% | 15.72% | 10.67% | -0.52% | 0.10% | 3.68% | 2.98% | 4.39% | 3.76% | 0.10% | -0.27% | 7.56% | 3.42% |
| Debt Focused BDCs | 0.25% | 0.67% | -0.08% | 1.94% | 3.01% | 2.81% | 7.05% | 4.80% | 21.08% | 10.02% | 7.50% | 7.34% | 8.26% | 6.39% | 7.06% | 7.00% | 0.02% | 0.00% | 7.05% | 4.80% |
| Municipal (tax-free) CEFs | 0.30% | -0.65% | 3.46% | 2.13% | 2.36% | 0.46% | 5.60% | 0.51% | 8.04% | 4.43% | -6.10% | -3.50% | -0.31% | 0.22% | 2.86% | 2.89% | -0.43% | -0.36% | 5.60% | 0.51% |
| All Listed CEFs/BDCs | 0.58% | -0.24% | 1.83% | 1.00% | 2.62% | 1.32% | 8.39% | 4.45% | 14.55% | 10.38% | -0.61% | 0.66% | 3.84% | 3.63% | 4.43% | 4.12% | -0.11% | -0.18% | 8.39% | 4.45% |
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