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 | -11.42% | -9.94% | 8.15% | 14.14% | 30.21% | 8.87% | $640 | 17.17 | 18.85 | 1460 | -5.05% | 81.00% | 65.28% | 0.82 |
| Sector Equity CEFs | 90 | -4.34% | -4.55% | 8.01% | 28.10% | 29.94% | 15.97% | $940 | 16.99 | 16.99 | 3006 | -2.20% | 85.56% | 66.12% | 0.74 |
| Taxable Bond CEFs | 133 | -0.41% | -4.61% | 9.97% | 6.55% | 19.96% | 25.05% | $457 | 13.33 | 8.10 | 1928 | 0.52% | 66.97% | 65.18% | 0.73 |
| Debt Focused BDCs | 48 | -4.51% | -5.95% | 10.97% | 21.98% | 0.70% | 50.34% | $1516 | 25.22 | 6.14 | 7148 | -0.18% | N/A | 42.71% | 0.76 |
| Municipal (tax-free) CEFs | 108 | -5.90% | -5.35% | 5.54% | 4.19% | 10.91% | 30.56% | $502 | 11.19 | 6.92 | 1253 | 7.93% | 71.56% | 64.71% | 0.92 |
| All Listed CEFs/BDCs | 465 | -5.14% | -6.06% | 8.29% | 13.12% | 19.41% | 24.33% | $699 | 15.59 | 11.30 | 2420 | 0.62% | 67.26% | 62.63% | 0.74 |
| 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 | 2.15% | 2.59% | 2.00% | 1.37% | 5.29% | 3.67% | 8.93% | 6.65% | 20.82% | 17.25% | -0.10% | 1.04% | 7.12% | 7.20% | 6.21% | 5.84% | 4.04% | 3.28% | 14.09% | 10.57% |
| Sector Equity CEFs | 2.41% | 2.33% | 4.80% | 3.39% | 11.30% | 8.85% | 16.17% | 12.00% | 28.15% | 21.89% | 6.10% | 6.47% | 6.52% | 6.56% | 5.75% | 5.18% | 9.16% | 7.59% | 22.35% | 16.01% |
| Taxable Bond CEFs | 0.95% | 0.84% | 2.87% | 1.97% | 7.05% | 4.75% | 9.84% | 6.50% | 21.22% | 14.35% | 1.22% | 1.12% | 4.69% | 3.82% | 5.17% | 4.28% | 6.67% | 4.62% | 14.55% | 8.40% |
| Debt Focused BDCs | 1.06% | 0.82% | 1.25% | 1.28% | -1.54% | 1.74% | 4.01% | 3.81% | 11.60% | 8.69% | 10.73% | 7.01% | 6.96% | 5.96% | 7.29% | 6.90% | -1.57% | 1.85% | 6.01% | 5.75% |
| Municipal (tax-free) CEFs | 1.23% | 0.26% | 2.92% | 1.41% | 6.76% | 2.80% | 9.03% | 3.71% | 20.87% | 11.58% | -4.50% | -2.52% | 0.59% | 0.61% | 3.25% | 2.94% | 6.06% | 3.13% | 12.47% | 4.03% |
| All Listed CEFs/BDCs | 1.54% | 1.29% | 2.92% | 1.93% | 6.59% | 4.59% | 10.13% | 6.63% | 21.53% | 15.13% | 1.35% | 1.82% | 4.67% | 4.34% | 5.11% | 4.58% | 5.68% | 4.29% | 14.76% | 8.96% |
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