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 | -12.58% | -8.92% | 7.64% | 39.65% | 24.03% | 12.08% | $465 | 40.75 | 22.40 | 1180 | -7.68% | 88.59% | 89.69% | 0.92 |
| Sector Equity CEFs | 105 | -8.32% | -3.84% | 7.59% | -24.16% | 37.08% | 15.46% | $654 | 57.40 | 29.06 | 2617 | -9.96% | 86.43% | 87.61% | 1.16 |
| Taxable Bond CEFs | 154 | -5.52% | -3.24% | 8.14% | -6.64% | 12.83% | 25.91% | $407 | 37.38 | 9.83 | 1411 | -10.43% | 77.81% | 86.18% | 0.40 |
| Debt Focused BDCs | 45 | -22.72% | -1.56% | 10.76% | -11.77% | 4.26% | 51.09% | $940 | 75.95 | 11.05 | 4110 | -16.25% | N/A | 82.81% | 1.47 |
| Municipal (tax-free) CEFs | 145 | -4.81% | -3.34% | 4.15% | -16.93% | 1.12% | 32.24% | $462 | 24.94 | 7.62 | 763 | -5.58% | 89.59% | 81.34% | 0.24 |
| All Listed CEFs/BDCs | 541 | -8.71% | -4.57% | 7.04% | -8.22% | 15.34% | 25.40% | $521 | 41.86 | 15.30 | 1658 | -9.05% | 77.40% | 85.14% | 0.56 |
| 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 | 1.58% | 0.85% | 5.80% | 5.45% | 21.30% | 20.43% | -9.64% | -4.65% | 4.46% | 9.10% | 3.15% | 4.62% | 6.05% | 6.11% | 7.29% | 7.94% | 8.49% | 8.24% | -7.40% | -2.90% |
| Sector Equity CEFs | 1.14% | 0.65% | 7.53% | 7.52% | 15.57% | 16.25% | -20.64% | -16.23% | -11.61% | -7.48% | -3.38% | -1.84% | 0.40% | 0.34% | 6.18% | 6.71% | 6.14% | 7.37% | -19.00% | -15.38% |
| Taxable Bond CEFs | 0.29% | -0.12% | 4.45% | 3.05% | 15.80% | 12.66% | -9.46% | -5.01% | -1.05% | 0.53% | 2.67% | 3.49% | 6.47% | 5.41% | 5.67% | 6.55% | 5.51% | 4.29% | -6.74% | -3.25% |
| Debt Focused BDCs | 3.60% | 0.00% | 9.53% | 0.16% | 26.29% | 5.15% | -28.43% | -6.66% | -21.14% | -4.78% | -5.31% | 2.71% | 0.59% | 4.52% | 7.90% | 8.86% | 6.35% | 0.30% | -26.51% | -6.52% |
| Municipal (tax-free) CEFs | -0.07% | -0.22% | 3.67% | 1.85% | 12.39% | 8.40% | -1.23% | 0.37% | 3.08% | 2.95% | 4.19% | 5.11% | 5.59% | 5.25% | 5.30% | 6.12% | 6.16% | 3.04% | 2.23% | 3.01% |
| All Listed CEFs/BDCs | 0.90% | 0.17% | 5.55% | 3.72% | 16.82% | 12.74% | -10.93% | -5.89% | -2.68% | 0.40% | 1.29% | 2.92% | 4.34% | 4.27% | 5.98% | 6.75% | 6.54% | 4.82% | -8.31% | -4.20% |
Press Releases
Equus Total Return (EQS)
08/13/2020 - BDC EarningsThe company announced 2020-06-30 financial results. Net asset value increased by 6.6% to $3.07 per share from $2.88 per share on previous quarter. Last... [...]
RiverNorth DbLin Stgc Opp Fd (OPP)
08/13/2020 - Rights OfferingThe Fund has authorized and set the terms of an offering to the Fund’s stockholders of rights to purchase additional shares of common stock... [...]
WF Util & Hi Incm Fd (ERH)
08/12/2020 - DividendEx-div date 2020-09-11, Record date 2020-09-14, Payable date 2020-10-01. Monthly dividend decreased by 7.38% to $0.07233 from $0.07809 per share. As of 2020-08-11, total... [...]
WF Glbl Div Opp Fd (EOD)
08/12/2020 - DividendEx-div date 2020-09-11, Record date 2020-09-14, Payable date 2020-10-01. Quarterly dividend decreased by 4.9% to $0.13464 from $0.14157 per share. As of 2020-08-11, total... [...]
WF Mlt-Sctr Incm Fd (ERC)
08/12/2020 - DividendEx-div date 2020-09-11, Record date 2020-09-14, Payable date 2020-10-01. Monthly dividend decreased by 0.87% to $0.0939 from $0.09472 per share. As of 2020-08-11, total... [...]
Barings BDC (BBDC)
08/12/2020 - MergerThe Company announced that they have entered into a definitive merger agreement under which MVC Capital will merge with and into Barings BDC. The... [...]
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