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 | -9.67% | -10.25% | 8.90% | 17.24% | 30.83% | 9.28% | $639 | 21.62 | 18.11 | 1880 | -15.86% | 90.19% | 65.71% | 0.72 |
| Sector Equity CEFs | 84 | -3.52% | -4.00% | 8.69% | 22.48% | 29.14% | 15.58% | $1024 | 19.32 | 16.88 | 9662 | -14.64% | 94.98% | 69.29% | 0.57 |
| Taxable Bond CEFs | 128 | -1.16% | -4.02% | 10.65% | 6.86% | 20.32% | 25.48% | $474 | 14.61 | 7.88 | 2516 | -19.04% | 83.35% | 65.05% | 0.61 |
| Debt Focused BDCs | 48 | -7.46% | -7.20% | 11.32% | 13.45% | 0.23% | 51.13% | $1571 | 27.02 | 5.63 | 11148 | -15.33% | N/A | 51.74% | 0.47 |
| Municipal (tax-free) CEFs | 106 | -5.91% | -5.41% | 6.16% | 9.14% | 18.23% | 32.49% | $453 | 10.97 | 8.52 | 1227 | -1.54% | 90.12% | 40.85% | 1.13 |
| All Listed CEFs/BDCs | 452 | -5.18% | -6.01% | 8.94% | 12.88% | 21.06% | 24.91% | $715 | 17.55 | 11.42 | 4324 | -13.02% | 85.03% | 58.49% | 0.71 |
| 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 | 3.13% | 3.06% | 10.74% | 9.54% | 1.47% | 0.73% | 7.04% | 4.60% | 14.73% | 8.96% | 8.80% | 8.59% | 13.36% | 11.79% | 6.78% | 6.09% | 4.83% | 5.29% | 7.25% | 5.18% |
| Sector Equity CEFs | 1.71% | 1.74% | 6.90% | 5.61% | -0.74% | -0.87% | 3.45% | 1.89% | 14.18% | 9.97% | 8.10% | 7.26% | 12.61% | 11.54% | 6.52% | 5.87% | 0.80% | 0.93% | 4.96% | 3.52% |
| Taxable Bond CEFs | 1.12% | 0.99% | 5.65% | 2.97% | -0.70% | 0.09% | 2.71% | 2.32% | 9.95% | 8.05% | 8.69% | 6.36% | 9.38% | 7.31% | 5.50% | 4.59% | 0.32% | 1.05% | 2.06% | 1.87% |
| Debt Focused BDCs | 3.93% | 0.19% | 6.16% | 0.34% | -7.24% | 0.73% | -0.32% | 2.79% | 0.49% | 7.04% | 6.40% | 6.12% | 17.94% | 9.87% | 6.28% | 6.44% | -3.78% | 0.48% | -3.22% | 0.93% |
| Municipal (tax-free) CEFs | -0.15% | -0.19% | 3.39% | 1.25% | -2.26% | -3.41% | -2.74% | -4.34% | 3.14% | -1.99% | 2.28% | 2.12% | 1.10% | 0.26% | 2.16% | 2.04% | -1.26% | -1.93% | 0.15% | -3.44% |
| All Listed CEFs/BDCs | 1.58% | 1.13% | 6.27% | 3.94% | -1.57% | -0.75% | 2.01% | 1.05% | 9.03% | 5.96% | 6.74% | 5.83% | 9.49% | 7.38% | 5.11% | 4.58% | 0.38% | 1.03% | 2.42% | 1.39% |
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November 13th, 2024 - DownTown Association - 60 Pine Street, NY, NY 1005
November 15th, 2023 - DownTown Association - 60 Pine Street, NY, NY 1005
NYC - In Person - November 16th, 2022
