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 | 80 | -9.05% | -9.69% | 8.16% | 57.87% | 28.77% | 9.32% | $701 | 20.61 | 16.03 | 1695 | 5.44% | 70.88% | 68.15% | 0.75 |
| Sector Equity CEFs | 82 | -3.73% | -3.76% | 8.30% | 22.19% | 30.64% | 14.86% | $1195 | 18.49 | 15.32 | 10737 | 4.63% | 73.55% | 68.56% | 0.63 |
| Taxable Bond CEFs | 126 | -4.05% | -3.61% | 11.15% | 4.68% | 22.13% | 24.34% | $512 | 14.99 | 7.09 | 2422 | 5.59% | 60.39% | 64.86% | 0.65 |
| Debt Focused BDCs | 48 | -15.83% | -6.36% | 12.76% | 4.02% | 0.39% | 50.03% | $1714 | 26.68 | 4.96 | 10541 | 7.45% | N/A | 50.98% | 0.74 |
| Municipal (tax-free) CEFs | 94 | -5.35% | -5.84% | 6.07% | 30.31% | 19.51% | 33.02% | $514 | 10.89 | 7.64 | 1402 | -5.36% | 90.79% | 40.82% | 0.96 |
| All Listed CEFs/BDCs | 433 | -6.58% | -5.75% | 9.08% | 22.73% | 21.79% | 24.44% | $807 | 17.41 | 10.30 | 4530 | 3.01% | 63.56% | 59.13% | 0.69 |
| 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 | -1.08% | -1.50% | -0.81% | -0.63% | 6.24% | 6.23% | 17.19% | 15.66% | 21.50% | 17.21% | 17.71% | 16.29% | 11.45% | 9.73% | 9.53% | 8.38% | 0.07% | 0.29% | 21.07% | 17.67% |
| Sector Equity CEFs | -1.06% | -1.41% | -1.25% | -0.87% | 5.12% | 5.23% | 13.03% | 13.02% | 14.81% | 13.46% | 14.05% | 13.75% | 11.53% | 10.15% | 8.46% | 7.75% | -0.76% | -0.15% | 16.46% | 15.09% |
| Taxable Bond CEFs | -0.46% | -0.58% | -1.00% | 0.23% | 0.56% | 2.71% | 6.38% | 8.33% | 7.28% | 9.71% | 12.00% | 11.16% | 6.33% | 5.16% | 6.65% | 5.72% | -1.14% | 0.60% | 6.70% | 8.76% |
| Debt Focused BDCs | -2.51% | 0.06% | -1.76% | 0.26% | -6.04% | 2.42% | -3.01% | 3.77% | -3.50% | 7.00% | 6.86% | 7.94% | 12.47% | 8.99% | 6.93% | 7.01% | -1.83% | 0.26% | -8.92% | 4.67% |
| Municipal (tax-free) CEFs | 0.22% | -0.11% | 1.32% | 1.61% | 7.40% | 6.91% | 7.00% | 5.87% | 4.20% | 1.84% | 8.08% | 6.46% | 0.51% | 0.14% | 2.74% | 2.40% | 1.26% | 1.91% | 6.93% | 2.32% |
| All Listed CEFs/BDCs | -0.74% | -0.73% | -0.63% | 0.16% | 3.28% | 4.70% | 9.13% | 9.54% | 9.85% | 9.75% | 12.11% | 11.20% | 7.57% | 6.17% | 6.62% | 5.89% | -0.42% | 0.64% | 9.83% | 9.78% |
