Investor level cost basis dividends to date reporting from all major US Custodians, warehouses, RIA and independent broker-dealers.
Fund Classification Peer Review for Data providers: Bloomberg, CEFData.com, Lipper, Morningstar. Providing a report quarterly that highlights what data platforms are classifying funds more accurately.
Fund Sponsor data formula methodology and reporting time period consistency from Fund Sponsors to data providers.
Key data feed to custodians for better advisors / investor reporting for CEFs, BDCs, Interval Funds including Seeking Alpha.
High quality granular expense ratio data to press and custodians: Non Leverage Expense Ratio & Gross Non Leverage Expense Ratio in addition to total expense ratio and leverage cost and % of gross leverage.
Note who does Monthly Fact Sheets and quality of risk and portfolio holdings reporting to investors and advisors. How clear is the Fact Sheet?
AICA is seeking to better understand the current satisfaction, needs, and wish-list for the Advisers and Investment Firms that focus or specialize in the use or inclusion in CEFs, BDCs, Interval Funds. This includes the products, funds and other investment vehicles. We plan to use this data to work with custodians to add features and functions that make it easy for the closed-end fund ecosystem to grow and support its best advocates and users. We plan to turn this into an article to share the results with the participants and other key CEF/BDC and Interval fund stakeholders. Please let us know at the end if you would like to be considered as a source for the article.To help us get a good and diverse list of responses, founding member of AICA: CEF Advisors // CEFData.com will offer 90 Days free access to our Daily Alerts Email for listed CEFs/BDCs for every completed response by a qualified adviser or investment professional (a $120 – $199 value). If you are a current DA subscriber they will extend your renewal date by 90 days. The 6 day a week alert service covers 100% of the press releases and SEC filings for listed CEFs/BDCs. Survey takes about 7-10 minutes.
Disclosure: Views and opinions expressed are for informational and educational purposes only as of the date of production/writing/speaking and may change without notice at any time based on a multitude of factors. Speaker’s/presenter’s/author’s opinions are their own and may not necessarily represent the opinions of AICA, its Board, or its staff. Materials may contain “forward-looking” information that is not purely historical in nature, such as projections, forecasts, market return estimates, proposed or expected portfolio composition, and other items. Listed closed-end funds and business development companies trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor will be able to sell shares at a price greater than or equal to the purchase price or that a closed-end fund’s discount will narrow. Non-listed closed-end funds and business development companies do not offer investors daily liquidity but rather offer liquidity on a monthly, quarterly or semi-annual basis, often on a small percentage of shares. Closed-end funds often use leverage, which can increase the fund’s volatility (i.e., risk). Actual distribution amounts may vary with fund performance and other conditions. Past performance is no guarantee of future results. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).