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
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 | 87 | -13.03% | -9.00% | 8.00% | 41.71% | 24.63% | 11.34% | $451 | 41.03 | 22.59 | 1075 | -0.16% | 84.13% | 89.61% | 0.92 |
| Sector Equity CEFs | 105 | -9.23% | -3.90% | 8.28% | -24.08% | 37.57% | 15.46% | $631 | 57.61 | 29.24 | 2442 | -0.24% | 82.96% | 87.48% | 1.08 |
| Taxable Bond CEFs | 154 | -6.72% | -3.34% | 8.17% | -6.51% | 12.81% | 25.78% | $409 | 37.49 | 9.83 | 1297 | 0.32% | 73.24% | 85.96% | 0.45 |
| Debt Focused BDCs | 45 | -26.52% | -1.69% | 11.32% | -11.16% | 4.08% | 50.90% | $947 | 76.36 | 11.07 | 3338 | -1.36% | N/A | 82.26% | 1.41 |
| Municipal (tax-free) CEFs | 145 | -6.17% | -3.42% | 4.28% | -16.50% | 1.12% | 31.97% | $447 | 25.03 | 7.62 | 707 | -4.03% | 77.54% | 81.84% | 0.30 |
| All Listed CEFs/BDCs | 541 | -10.02% | -4.65% | 7.32% | -7.64% | 15.49% | 25.17% | $511 | 42.01 | 15.37 | 1500 | -1.44% | 71.78% | 85.11% | 0.58 |
| 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 | -2.35% | -2.49% | -2.39% | -2.12% | 4.77% | 5.69% | 55.57% | 45.32% | -3.71% | 1.31% | 0.83% | 2.84% | 7.00% | 7.09% | 6.32% | 7.21% | 5.34% | 5.63% | -9.95% | -5.07% |
| Sector Equity CEFs | -2.86% | -2.93% | -5.46% | -4.80% | -2.66% | 0.08% | 56.71% | 48.34% | -19.42% | -15.37% | -5.91% | -4.01% | 0.40% | 0.68% | 5.12% | 5.75% | -0.58% | 1.46% | -22.85% | -18.86% |
| Taxable Bond CEFs | -0.90% | -0.64% | -0.57% | 0.30% | 4.96% | 4.94% | 44.22% | 27.69% | -2.96% | 0.01% | 2.09% | 3.39% | 6.96% | 5.97% | 5.49% | 6.41% | 5.30% | 5.31% | -6.87% | -2.36% |
| Debt Focused BDCs | -1.15% | 0.00% | -1.13% | 0.19% | 1.56% | 3.84% | 73.81% | -9.16% | -28.14% | -5.78% | -7.08% | 2.25% | 0.25% | 4.23% | 6.62% | 8.90% | 2.06% | 0.90% | -29.46% | -5.84% |
| Municipal (tax-free) CEFs | -0.93% | 0.07% | -1.38% | -0.80% | 3.87% | 2.24% | 26.74% | 18.47% | 1.64% | 2.88% | 3.07% | 4.55% | 4.93% | 4.90% | 4.95% | 5.78% | 3.45% | 1.88% | -0.37% | 1.87% |
| All Listed CEFs/BDCs | -1.55% | -1.13% | -2.14% | -1.38% | 2.95% | 3.27% | 46.66% | 28.74% | -7.05% | -2.62% | -0.24% | 1.98% | 4.41% | 4.53% | 5.39% | 6.30% | 3.50% | 3.28% | -10.51% | -5.22% |
Press Releases
Adams Divr Eq Fd (ADX)
09/22/2020 - Other AnnouncementsThe Funds announced that each Fund has elected, by a unanimous resolution of each Fund’s board of directors, to be subject to the Maryland... [...]
Adams Ntr Res Fd (PEO)
09/22/2020 - Other AnnouncementsThe Funds announced that each Fund has elected, by a unanimous resolution of each Fund’s board of directors, to be subject to the Maryland... [...]
RiverNorth Opp Fd (RIV)
09/21/2020 - Rights OfferingThe Fund announced that its Board of Directors has authorized and set the terms of an offering to the Fund’s stockholders of rights to... [...]
Putnam Mgd Muni Incm Tr (PMM)
09/21/2020 - Repurchase ProgramPutnam Investments announced that the Trustees of the Putnam Funds have authorized the Putnam closed-end funds to renew the current share repurchase program, allowing... [...]
Stellus Cap Inv Corp (SCM)
09/21/2020 - Leverage Amount ChangeThe Company announced that on September 18, 2020 it entered into an amendment and extension of its $230 million Senior Secured Revolving Credit Agreement.... [...]
Putnam Prmr Incm Tr (PPT)
09/21/2020 - Repurchase ProgramPutnam Investments announced that the Trustees of the Putnam Funds have authorized the Putnam closed-end funds to renew the current share repurchase program, allowing... [...]
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