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 | -11.15% | -9.95% | 7.99% | 13.44% | 30.62% | 8.99% | $655 | 16.93 | 18.74 | 1447 | 3.12% | 85.82% | 61.88% | 0.78 |
| Sector Equity CEFs | 89 | -3.94% | -4.48% | 7.90% | 28.55% | 30.16% | 15.79% | $977 | 16.31 | 16.96 | 3247 | 1.10% | 87.69% | 64.09% | 0.68 |
| Taxable Bond CEFs | 132 | -0.14% | -4.36% | 10.02% | 6.93% | 19.65% | 24.83% | $461 | 12.75 | 8.07 | 2002 | 4.42% | 63.77% | 61.10% | 0.53 |
| Debt Focused BDCs | 48 | -3.09% | -5.90% | 10.89% | 21.18% | 0.56% | 50.29% | $1517 | 22.27 | 5.85 | 7410 | -2.36% | N/A | 38.35% | 0.62 |
| Municipal (tax-free) CEFs | 108 | -5.51% | -5.34% | 5.59% | 4.97% | 11.45% | 30.29% | $496 | 10.39 | 6.94 | 1272 | 2.80% | 55.61% | 60.09% | 0.85 |
| All Listed CEFs/BDCs | 463 | -4.67% | -5.98% | 8.25% | 13.33% | 19.48% | 24.20% | $709 | 14.79 | 11.23 | 2517 | 2.76% | 63.48% | 58.90% | 0.65 |
| 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 | -0.32% | -0.56% | 2.29% | 1.90% | 5.33% | 4.59% | 14.43% | 11.29% | 33.31% | 27.87% | 0.82% | 1.47% | 7.69% | 7.67% | 7.00% | 6.53% | -0.16% | 0.09% | 17.58% | 13.54% |
| Sector Equity CEFs | 0.13% | 0.14% | 1.95% | 1.24% | 9.10% | 6.76% | 19.41% | 14.77% | 39.84% | 31.29% | 5.75% | 5.84% | 7.07% | 7.02% | 6.14% | 5.63% | 0.70% | 0.97% | 25.18% | 18.22% |
| Taxable Bond CEFs | -0.48% | -0.05% | 0.14% | -0.10% | 5.23% | 3.45% | 11.71% | 7.46% | 29.65% | 18.49% | 1.32% | 1.37% | 4.67% | 3.93% | 5.36% | 4.43% | -0.64% | -0.34% | 14.95% | 8.58% |
| Debt Focused BDCs | 1.75% | 0.14% | 2.64% | 1.00% | 0.43% | 2.97% | 2.83% | 4.61% | 19.51% | 8.70% | 6.86% | 6.82% | 7.52% | 6.41% | 7.82% | 6.95% | 1.89% | 0.27% | 8.98% | 6.84% |
| Municipal (tax-free) CEFs | 0.27% | 0.08% | -0.26% | -0.63% | 5.34% | 1.35% | 11.64% | 4.70% | 31.03% | 19.06% | -3.48% | -2.22% | 0.34% | 0.40% | 3.02% | 2.64% | -0.61% | -0.88% | 12.06% | 3.21% |
| All Listed CEFs/BDCs | 0.05% | -0.05% | 1.09% | 0.50% | 5.56% | 3.73% | 12.79% | 8.60% | 31.64% | 21.75% | 1.39% | 1.91% | 4.86% | 4.54% | 5.36% | 4.76% | 0.05% | -0.07% | 16.29% | 9.87% |
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