Active Investment Company Alliance (AICA)
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).
Active Investment Company Alliance (AICA)
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 | 87 | -8.39% | -9.34% | 6.61% | 5.01% | 24.10% | 10.17% | $588 | 22.73 | 23.19 | 1576 | -4.42% | 77.06% | 72.85% | 0.94 |
| Sector Equity CEFs | 106 | -4.49% | -4.11% | 6.30% | -23.18% | 39.49% | 15.91% | $759 | 26.54 | 29.61 | 3053 | -8.27% | 82.44% | 67.35% | 1.10 |
| Taxable Bond CEFs | 152 | -1.57% | -3.52% | 7.25% | -5.55% | 13.61% | 25.21% | $452 | 16.05 | 10.23 | 1749 | -2.88% | 34.31% | 61.32% | 0.50 |
| Debt Focused BDCs | 43 | 3.23% | -3.81% | 8.46% | -2.58% | 4.30% | 48.29% | $1078 | 38.37 | 11.37 | 5554 | -9.40% | N/A | 55.83% | 1.51 |
| Municipal (tax-free) CEFs | 128 | -2.67% | -3.40% | 4.18% | -5.64% | 1.32% | 32.50% | $531 | 11.41 | 7.80 | 892 | -9.85% | 57.13% | 40.03% | 0.34 |
| All Listed CEFs/BDCs | 520 | -3.32% | -4.96% | 6.24% | -7.69% | 16.57% | 24.46% | $606 | 20.42 | 16.01 | 2089 | -6.50% | 53.81% | 58.30% | 0.63 |
| 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 | 0.63% | 1.00% | 3.71% | 2.97% | 9.97% | 6.55% | 33.05% | 24.77% | 60.57% | 53.91% | 10.40% | 10.58% | 12.76% | 11.73% | 8.10% | 8.26% | 3.07% | 3.05% | 13.62% | 9.80% |
| Sector Equity CEFs | 0.85% | 1.33% | 4.50% | 3.62% | 10.72% | 7.09% | 33.93% | 25.32% | 48.75% | 45.10% | 4.01% | 4.08% | 5.79% | 5.34% | 6.23% | 6.28% | 3.00% | 3.04% | 15.22% | 11.69% |
| Taxable Bond CEFs | 0.12% | 0.08% | 2.18% | 0.98% | 5.31% | 1.40% | 18.07% | 10.00% | 35.56% | 28.38% | 7.71% | 6.35% | 9.23% | 8.20% | 6.29% | 6.49% | 1.31% | 0.88% | 6.24% | 2.18% |
| Debt Focused BDCs | -0.04% | -0.01% | 6.06% | 0.27% | 21.11% | 1.99% | 60.68% | 6.65% | 88.31% | 19.16% | 9.99% | 5.20% | 10.23% | 7.32% | 9.16% | 8.42% | 5.64% | -0.21% | 25.66% | 2.05% |
| Municipal (tax-free) CEFs | 0.34% | 0.52% | 2.92% | 1.95% | 3.40% | 1.15% | 9.33% | 5.95% | 17.40% | 12.26% | 8.94% | 6.74% | 4.01% | 4.59% | 6.92% | 7.16% | 1.52% | 1.33% | 3.24% | 1.53% |
| All Listed CEFs/BDCs | 0.38% | 0.59% | 3.44% | 2.03% | 8.12% | 3.41% | 25.66% | 14.29% | 42.75% | 31.25% | 7.84% | 6.49% | 7.78% | 7.09% | 6.90% | 7.03% | 2.40% | 1.70% | 10.24% | 5.23% |
Press Releases
BR MuniYld Qlty Fd (MQY)
04/19/2021 - MergerBlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]
BR MD Muni Bnd Tr (BZM)
04/19/2021 - MergerBlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]
BR MuniEnh Fd (MEN)
04/19/2021 - MergerBlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]
BR MA Tx-Exmp Tr (MHE)
04/19/2021 - MergerBlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]
BR MuniYld Inv Fd (MYF)
04/19/2021 - MergerBlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]
BR MuniYld AZ Fd (MZA)
04/19/2021 - MergerBlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]
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