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 CEFs89-7.44%-9.32%6.49%-6.82%23.82%9.99%$66720.0823.311559-4.53%65.36%67.78%0.96
Sector Equity CEFs104-3.02%-4.20%6.08%-20.53%37.86%15.69%$79920.9729.332343-6.43%74.41%65.93%1.09
Taxable Bond CEFs1510.25%-3.58%7.08%-3.73%14.51%25.27%$55713.1110.3317050.71%49.85%52.14%0.52
Debt Focused BDCs413.94%-3.28%8.13%-3.69%6.18%47.68%$107027.3411.635218-17.07%N/A60.24%1.63
Municipal (tax-free) CEFs122-0.24%-3.56%4.00%-3.02%1.52%32.01%$56310.527.76788-2.79%62.52%39.83%0.39
All Listed CEFs/BDCs511-1.81%-5.09%6.07%-7.54%16.85%23.97%$66516.8116.111870-3.51%56.57%54.99%0.65
Data as of 07/30/2021 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 CEFs-0.33%-0.05%-1.10%-0.22%2.35%1.37%16.59%12.49%43.63%34.71%11.05%11.05%12.44%11.55%8.97%9.00%-1.10%-0.22%18.12%13.10%
Sector Equity CEFs0.60%0.53%-0.85%-0.18%4.29%3.06%20.75%16.13%41.26%32.51%5.13%4.71%5.64%5.25%7.19%6.97%-0.85%-0.18%22.84%17.66%
Taxable Bond CEFs0.34%0.04%-0.36%0.06%3.73%1.97%9.81%3.93%26.35%17.46%9.00%7.09%8.54%7.57%6.81%6.66%-0.36%0.06%11.14%5.00%
Debt Focused BDCs-0.29%0.00%0.91%0.04%3.79%2.41%30.26%7.29%75.52%18.90%8.77%6.06%9.53%7.74%10.71%8.97%0.95%0.04%32.61%7.41%
Municipal (tax-free) CEFs1.29%-0.05%0.81%0.87%5.16%2.64%7.89%2.95%14.70%8.10%10.12%7.15%4.19%4.56%6.84%6.65%0.81%0.87%9.02%4.46%
All Listed CEFs/BDCs0.45%0.10%-0.17%0.15%3.95%2.30%14.42%8.05%33.79%21.47%8.77%7.15%7.56%6.96%7.48%7.25%-0.16%0.15%16.00%9.17%
Data as of 07/30/2021 from CEFData.com

Press Releases

EV Srt Dur Divr Incm Fd (EVG)

08/02/2021 - Tender Offer

Each Fund announced the preliminary results of the Fund’s cash tender offer for its outstanding common shares that expired at 5:00 P.M. Eastern Time... [...]

BR TCP Capital Corp (TCPC)

08/02/2021 - BDC Earnings

The company announced 2021-06-30 financial results. Net investment income decreased by -2.89% to $0.31 per share from $0.32 per share on previous quarter. One... [...]

Gladstone Inv Corp (GAIN)

08/02/2021 - BDC Earnings

The company announced 2021-06-30 financial results. Net investment income decreased to $-0.07 per share from $0.09 per share on previous quarter. Net asset value... [...]

EV Sr Incm Tr (EVF)

08/02/2021 - Tender Offer

Each Fund announced the preliminary results of the Fund’s cash tender offer for its outstanding common shares that expired at 5:00 P.M. Eastern Time... [...]

Cap Southwest Corp (CSWC)

08/02/2021 - BDC Earnings

The company announced 2021-06-30 financial results. Net investment income increased by 6.59% to $0.45 per share from $0.42 per share on previous quarter. One... [...]

EV Sr Flt-Rt Tr (EFR)

08/02/2021 - Tender Offer

Each Fund announced the preliminary results of the Fund’s cash tender offer for its outstanding common shares that expired at 5:00 P.M. Eastern Time... [...]

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