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 | 82 | -9.56% | -10.25% | 9.10% | 18.26% | 32.31% | 8.99% | $623 | 17.76 | 17.54 | 1753 | 2.19% | 83.66% | 56.50% | 0.74 |
| Sector Equity CEFs | 84 | -3.70% | -4.03% | 8.62% | 23.79% | 29.45% | 15.51% | $1007 | 15.72 | 16.37 | 7248 | -5.55% | 83.40% | 61.39% | 0.61 |
| Taxable Bond CEFs | 128 | -1.11% | -4.13% | 10.40% | 6.71% | 20.85% | 25.16% | $477 | 11.84 | 7.84 | 2353 | -0.73% | 63.01% | 52.17% | 0.57 |
| Debt Focused BDCs | 48 | -4.16% | -5.67% | 10.63% | 13.36% | 0.26% | 51.18% | $1567 | 22.81 | 5.55 | 9734 | 17.72% | N/A | 32.24% | 0.55 |
| Municipal (tax-free) CEFs | 106 | -6.69% | -5.37% | 5.92% | 6.71% | 16.83% | 31.48% | $472 | 9.73 | 7.24 | 1281 | -19.19% | 58.53% | 52.63% | 0.85 |
| All Listed CEFs/BDCs | 452 | -4.99% | -5.90% | 8.76% | 12.61% | 21.21% | 24.65% | $714 | 14.62 | 10.89 | 3670 | -3.49% | 62.36% | 52.47% | 0.64 |
| 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 | 0.88% | 0.62% | -2.80% | -3.31% | 3.92% | 1.67% | 4.35% | 1.43% | 12.78% | 7.63% | 4.02% | 4.03% | 17.61% | 15.11% | 6.65% | 5.92% | 3.38% | 1.43% | 3.38% | 1.43% |
| Sector Equity CEFs | 1.25% | 0.74% | -1.91% | -1.72% | 6.29% | 4.15% | 2.45% | 1.38% | 17.50% | 13.12% | 5.37% | 5.08% | 18.88% | 16.77% | 6.58% | 5.98% | 4.24% | 3.00% | 4.24% | 3.00% |
| Taxable Bond CEFs | 0.40% | 0.42% | -1.27% | -0.33% | 2.87% | 1.81% | 1.53% | 2.19% | 11.26% | 8.70% | 5.59% | 4.17% | 12.25% | 8.75% | 5.46% | 4.61% | 1.87% | 1.64% | 1.87% | 1.64% |
| Debt Focused BDCs | 0.89% | 0.71% | -5.14% | 1.43% | 3.63% | 2.36% | 5.13% | 4.80% | 8.64% | 8.83% | 6.17% | 6.75% | 23.90% | 6.83% | 7.70% | 7.18% | 0.94% | 1.85% | 0.94% | 1.85% |
| Municipal (tax-free) CEFs | 0.68% | 0.57% | -1.12% | -0.67% | 2.56% | 0.69% | -2.87% | -2.26% | 6.06% | 1.37% | -0.30% | -0.39% | 3.44% | 3.03% | 2.23% | 2.15% | 2.49% | -0.30% | 2.49% | -0.30% |
| All Listed CEFs/BDCs | 0.73% | 0.58% | -2.17% | -1.02% | 3.71% | 1.98% | 1.70% | 1.09% | 11.35% | 7.54% | 3.84% | 3.45% | 13.46% | 9.81% | 5.22% | 4.67% | 2.61% | 1.41% | 2.61% | 1.41% |
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November 13th, 2024 - DownTown Association - 60 Pine Street, NY, NY 1005
November 15th, 2023 - DownTown Association - 60 Pine Street, NY, NY 1005
NYC - In Person - November 16th, 2022
