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)

AICA Summer Summit, August 13th 2020

Event Registration

Average CEF Universe Data

#FundsCurrent Disc/Prm10 Yr Avg Disc/PrmMarket Yield3 Yr Div Growth3 Yr RoC %LeverageNet Assets (MM)1 Yr Price St. Dev3 Yr NAV St. Dev90 Day $ Liquidity (M)90 Day Volume Trend90 Day Price/Nav CorrCorr to 12 Sectors IndexBeta to S&P 500
US / Global Equity CEFs88-12.50%-9.14%6.81%-0.46%24.68%11.42%$50141.8622.9912826.73%86.26%89.55%0.94
Sector Equity CEFs104-7.95%-3.93%7.28%-23.66%38.00%16.00%$68258.3129.5522737.08%86.77%87.22%1.07
Taxable Bond CEFs151-5.66%-3.51%7.79%-6.81%13.46%25.72%$42837.9610.0514542.28%66.12%86.14%0.50
Debt Focused BDCs44-14.26%-2.26%10.76%-5.64%4.36%49.48%$101677.2111.14383822.14%N/A82.21%1.52
Municipal (tax-free) CEFs145-4.74%-3.52%4.27%-13.85%1.39%32.06%$45825.087.636403.95%53.10%81.67%0.33
All Listed CEFs/BDCs537-7.95%-4.78%6.76%-11.36%15.82%25.11%$54342.4715.5415666.34%65.29%85.05%0.60
Data as of 11/27/2020 from CEFData.com
1 Week(%)1 Month(%)3 Month(%)6 Month(%)1 Year(%)3 Year(%)5 Year(%)10 Year(%)QTD(%)YTD(%)
PriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAV
US / Global Equity CEFs2.14%2.32%14.87%12.23%9.42%9.09%23.84%23.33%6.22%10.45%4.47%5.90%8.92%8.71%7.23%7.99%12.77%11.24%2.29%7.08%
Sector Equity CEFs2.45%2.24%16.10%12.26%7.81%6.77%10.70%13.00%-10.94%-6.97%-1.60%-0.36%3.01%2.82%5.62%6.18%14.94%11.94%-13.95%-10.22%
Taxable Bond CEFs1.55%0.80%7.98%4.09%6.11%5.00%15.24%14.63%1.66%5.06%4.41%4.76%8.35%7.25%6.05%6.75%6.97%4.70%-0.99%2.75%
Debt Focused BDCs7.30%0.00%28.63%0.14%23.54%5.55%27.72%11.90%-11.91%0.19%0.27%4.42%4.58%5.50%7.92%9.14%23.52%0.44%-12.77%-0.62%
Municipal (tax-free) CEFs1.17%0.15%4.40%2.28%3.73%1.76%8.94%6.45%4.32%4.29%4.83%5.45%4.98%4.88%5.84%6.45%3.40%1.93%3.17%3.90%
All Listed CEFs/BDCs2.26%1.08%11.57%6.16%7.70%5.13%15.27%13.16%-0.37%2.80%2.92%4.00%6.00%5.66%6.15%6.84%9.90%6.04%-2.74%0.85%
Data as of 11/27/2020 from CEFData.com

Press Releases

PGIM Short Duration High Yield Opportunities Fund ()

11/25/2020 - Initial Public Offering

PGIM Investments has successfully completed the initial public offering of the PGIM Short Duration High Yield Opportunities Fund (the “Fund”). The Fund raised approximately... [...]

Swiss Helvetia Fd (SWZ)

11/25/2020 - Dividend

Ex-div date 2020-12-18, Record date 2020-12-21, Payable date 2020-12-31. Quarterly dividend decreased by 2.03% to $0.13755 from $0.1404 per share. As of 2020-11-24, total... [...]

Harvest Cap Cr Corp (HCAP)

11/25/2020 - Dividend

Ex-div date None, Record date 2020-12-15, Payable date 2020-12-29. The March and April 2020 dividends were deferred. These deferred dividends will now be payable... [...]

FS KKR Capital Corp (FSK)

11/24/2020 - Merger

FS/KKR Advisor, LLC (FS/KKR), a partnership between FS Investments and KKR Credit Advisors (US), announced that FS KKR Capital Corp. (NYSE: FSK) and FS... [...]

WA Inf-Lnk Incm Fd (WIA)

11/24/2020 - Tender Offer

The Fund announced that the Fund’s Board of Trustees has authorized (subject to certain conditions) a cash tender offer for up to 20% of... [...]

FS KKR Capital Corp. II (FSKR)

11/24/2020 - Merger

FS/KKR Advisor, LLC (FS/KKR), a partnership between FS Investments and KKR Credit Advisors (US), announced that FS KKR Capital Corp. (NYSE: FSK) and FS... [...]

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