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 CEFs87-8.39%-9.34%6.61%5.01%24.10%10.17%$58822.7323.191576-4.42%77.06%72.85%0.94
Sector Equity CEFs106-4.49%-4.11%6.30%-23.18%39.49%15.91%$75926.5429.613053-8.27%82.44%67.35%1.10
Taxable Bond CEFs152-1.57%-3.52%7.25%-5.55%13.61%25.21%$45216.0510.231749-2.88%34.31%61.32%0.50
Debt Focused BDCs433.23%-3.81%8.46%-2.58%4.30%48.29%$107838.3711.375554-9.40%N/A55.83%1.51
Municipal (tax-free) CEFs128-2.67%-3.40%4.18%-5.64%1.32%32.50%$53111.417.80892-9.85%57.13%40.03%0.34
All Listed CEFs/BDCs520-3.32%-4.96%6.24%-7.69%16.57%24.46%$60620.4216.012089-6.50%53.81%58.30%0.63
Data as of 04/19/2021 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 CEFs0.63%1.00%3.71%2.97%9.97%6.55%33.05%24.77%60.57%53.91%10.40%10.58%12.76%11.73%8.10%8.26%3.07%3.05%13.62%9.80%
Sector Equity CEFs0.85%1.33%4.50%3.62%10.72%7.09%33.93%25.32%48.75%45.10%4.01%4.08%5.79%5.34%6.23%6.28%3.00%3.04%15.22%11.69%
Taxable Bond CEFs0.12%0.08%2.18%0.98%5.31%1.40%18.07%10.00%35.56%28.38%7.71%6.35%9.23%8.20%6.29%6.49%1.31%0.88%6.24%2.18%
Debt Focused BDCs-0.04%-0.01%6.06%0.27%21.11%1.99%60.68%6.65%88.31%19.16%9.99%5.20%10.23%7.32%9.16%8.42%5.64%-0.21%25.66%2.05%
Municipal (tax-free) CEFs0.34%0.52%2.92%1.95%3.40%1.15%9.33%5.95%17.40%12.26%8.94%6.74%4.01%4.59%6.92%7.16%1.52%1.33%3.24%1.53%
All Listed CEFs/BDCs0.38%0.59%3.44%2.03%8.12%3.41%25.66%14.29%42.75%31.25%7.84%6.49%7.78%7.09%6.90%7.03%2.40%1.70%10.24%5.23%
Data as of 04/19/2021 from CEFData.com

Press Releases

BR MuniYld Qlty Fd (MQY)

04/19/2021 - Merger

BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]

BR MD Muni Bnd Tr (BZM)

04/19/2021 - Merger

BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]

BR MuniEnh Fd (MEN)

04/19/2021 - Merger

BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]

BR MA Tx-Exmp Tr (MHE)

04/19/2021 - Merger

BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]

BR MuniYld Inv Fd (MYF)

04/19/2021 - Merger

BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]

BR MuniYld AZ Fd (MZA)

04/19/2021 - Merger

BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”,... [...]

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