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 | 81 | -8.79% | -9.30% | 8.07% | 35.42% | 26.21% | 8.76% | $820 | 17.43 | 15.89 | 3266 | -2.12% | 87.54% | 60.85% | 0.75 |
| Sector Equity CEFs | 80 | -4.58% | -3.94% | 8.20% | 25.31% | 28.73% | 15.32% | $1476 | 16.38 | 14.78 | 8098 | -5.38% | 85.38% | 57.95% | 0.53 |
| Taxable Bond CEFs | 127 | -6.22% | -3.48% | 11.01% | 0.58% | 22.08% | 25.68% | $511 | 13.35 | 6.88 | 2292 | -5.87% | 64.91% | 58.80% | 0.48 |
| Debt Focused BDCs | 48 | -22.96% | -6.64% | 13.28% | -15.55% | 0.80% | 52.16% | $1644 | 28.19 | 6.29 | 13297 | -9.52% | N/A | 36.70% | 0.58 |
| Municipal (tax-free) CEFs | 76 | -3.10% | -5.76% | 6.07% | 45.30% | 21.85% | 32.51% | $629 | 9.79 | 7.11 | 1664 | 1.30% | 70.17% | 47.16% | 1.13 |
| All Listed CEFs/BDCs | 415 | -7.84% | -5.67% | 9.20% | 18.57% | 21.50% | 24.68% | $907 | 16.03 | 10.33 | 4754 | -4.11% | 64.50% | 53.93% | 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 | 1.74% | 1.41% | 5.61% | 4.95% | 4.65% | 5.41% | 14.64% | 14.68% | 31.83% | 31.22% | 21.26% | 18.86% | 8.00% | 7.95% | 11.18% | 10.27% | 13.86% | 12.99% | 12.39% | 13.47% |
| Sector Equity CEFs | 0.68% | -0.27% | 1.69% | 1.69% | 0.33% | 0.83% | 8.90% | 8.97% | 24.78% | 25.57% | 18.82% | 17.21% | 8.18% | 8.58% | 9.17% | 8.72% | 6.51% | 5.44% | 8.24% | 8.79% |
| Taxable Bond CEFs | 1.22% | 0.77% | 1.54% | 1.89% | 0.69% | 0.72% | -0.11% | 2.16% | 5.64% | 9.20% | 10.77% | 9.90% | 2.63% | 3.58% | 6.20% | 5.97% | 4.78% | 4.31% | 0.47% | 2.02% |
| Debt Focused BDCs | 1.74% | 0.03% | -2.24% | 0.50% | -2.13% | -0.60% | -8.97% | -0.85% | -12.71% | 2.71% | 2.35% | 6.06% | 1.06% | 6.70% | 6.45% | 6.96% | 2.64% | 0.78% | -8.72% | 0.03% |
| Municipal (tax-free) CEFs | 1.82% | 1.91% | 1.90% | 0.85% | 0.21% | -0.27% | 4.37% | 2.07% | 12.62% | 8.85% | 7.64% | 4.23% | -0.76% | -0.65% | 2.05% | 1.90% | 3.42% | 2.61% | 4.33% | 2.27% |
| All Listed CEFs/BDCs | 1.36% | 0.82% | 2.06% | 2.09% | 1.07% | 1.55% | 4.28% | 5.58% | 13.81% | 15.87% | 13.02% | 11.57% | 3.93% | 4.87% | 6.96% | 6.60% | 6.34% | 5.46% | 4.01% | 5.57% |
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