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 | 80 | -10.12% | -9.34% | 8.90% | 69.22% | 28.20% | 8.76% | $694 | 19.20 | 15.64 | 2416 | -6.89% | 89.01% | 60.35% | 0.74 |
| Sector Equity CEFs | 80 | -5.55% | -3.95% | 8.49% | 23.96% | 29.25% | 15.48% | $1440 | 18.31 | 14.78 | 14085 | -3.22% | 90.60% | 55.82% | 0.58 |
| Taxable Bond CEFs | 127 | -7.07% | -3.46% | 11.69% | 1.80% | 22.58% | 25.23% | $504 | 14.51 | 6.81 | 2571 | 4.08% | 85.47% | 56.83% | 0.50 |
| Debt Focused BDCs | 49 | -24.84% | -6.61% | 13.39% | -12.37% | 0.79% | 51.15% | $1660 | 29.12 | 5.55 | 13924 | 13.12% | N/A | 32.62% | 0.64 |
| Municipal (tax-free) CEFs | 79 | -4.73% | -5.79% | 6.22% | 47.89% | 21.84% | 32.98% | $600 | 10.42 | 7.16 | 1593 | -0.10% | 72.22% | 41.35% | 0.72 |
| All Listed CEFs/BDCs | 418 | -9.00% | -5.69% | 9.65% | 25.43% | 22.08% | 24.68% | $870 | 17.32 | 10.07 | 5879 | 1.13% | 74.13% | 51.14% | 0.57 |
| 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 | 3.57% | 3.45% | -1.52% | -1.16% | -0.41% | 0.71% | 1.97% | 3.09% | 33.88% | 32.67% | 16.35% | 14.57% | 6.60% | 6.49% | 10.37% | 9.33% | 0.90% | 1.39% | 0.17% | 1.46% |
| Sector Equity CEFs | 3.61% | 2.77% | -2.03% | -1.27% | 2.45% | 3.71% | 5.25% | 7.15% | 30.73% | 31.55% | 15.41% | 14.72% | 8.49% | 8.68% | 9.16% | 8.68% | 0.98% | 0.95% | 2.88% | 4.38% |
| Taxable Bond CEFs | 2.99% | 1.23% | -0.70% | -0.28% | -3.71% | -1.12% | -4.32% | -0.77% | 8.12% | 9.18% | 8.95% | 8.57% | 2.53% | 3.33% | 6.18% | 5.93% | 0.49% | 0.62% | -3.52% | -0.94% |
| Debt Focused BDCs | 4.33% | 0.52% | 0.86% | 1.74% | -9.80% | 2.46% | -8.16% | 2.06% | -9.17% | 5.41% | 2.86% | 6.92% | 1.74% | 7.18% | 6.41% | 7.19% | 2.40% | 0.00% | -9.29% | 2.46% |
| Municipal (tax-free) CEFs | 1.66% | 1.21% | -2.68% | -1.07% | 0.24% | 0.26% | 2.07% | 1.86% | 6.63% | 2.01% | 5.10% | 2.47% | -0.73% | -0.62% | 1.77% | 1.82% | -0.42% | 0.69% | 0.32% | 0.34% |
| All Listed CEFs/BDCs | 3.07% | 1.85% | -1.23% | -0.54% | -1.79% | 0.85% | -0.59% | 2.30% | 15.36% | 16.02% | 10.31% | 9.50% | 3.72% | 4.54% | 6.69% | 6.37% | 0.66% | 0.77% | -1.46% | 1.19% |
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