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 CEFs87-13.03%-9.00%8.00%41.71%24.63%11.34%$45141.0322.591075-0.16%84.13%89.61%0.92
Sector Equity CEFs105-9.23%-3.90%8.28%-24.08%37.57%15.46%$63157.6129.242442-0.24%82.96%87.48%1.08
Taxable Bond CEFs154-6.72%-3.34%8.17%-6.51%12.81%25.78%$40937.499.8312970.32%73.24%85.96%0.45
Debt Focused BDCs45-26.52%-1.69%11.32%-11.16%4.08%50.90%$94776.3611.073338-1.36%N/A82.26%1.41
Municipal (tax-free) CEFs145-6.17%-3.42%4.28%-16.50%1.12%31.97%$44725.037.62707-4.03%77.54%81.84%0.30
All Listed CEFs/BDCs541-10.02%-4.65%7.32%-7.64%15.49%25.17%$51142.0115.371500-1.44%71.78%85.11%0.58
Data as of 09/21/2020 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-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%
Data as of 09/21/2020 from CEFData.com

Press Releases

Adams Divr Eq Fd (ADX)

09/22/2020 - Other Announcements

The 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 Announcements

The 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 Offering

The 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 Program

Putnam 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 Change

The 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 Program

Putnam 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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