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 | 84 | -12.38% | -9.41% | 7.57% | -5.16% | 28.94% | 8.94% | $617 | 16.95 | 18.52 | 1408 | -6.93% | 79.76% | 67.43% | 0.81 |
Sector Equity CEFs | 97 | -6.72% | -4.82% | 8.05% | 20.68% | 26.79% | 16.60% | $812 | 17.22 | 17.10 | 2381 | -9.51% | 81.34% | 68.39% | 0.76 |
Taxable Bond CEFs | 134 | -3.32% | -4.83% | 10.12% | 10.55% | 19.06% | 25.19% | $435 | 13.96 | 7.93 | 1760 | -0.97% | 45.57% | 62.92% | 0.74 |
Debt Focused BDCs | 46 | -2.47% | -5.62% | 10.47% | 21.04% | 1.19% | 51.24% | $1434 | 24.62 | 6.71 | 7963 | 7.67% | N/A | 45.14% | 0.79 |
Municipal (tax-free) CEFs | 108 | -10.21% | -5.15% | 4.98% | -13.90% | 7.44% | 31.00% | $497 | 11.92 | 6.67 | 1166 | -10.14% | 42.45% | 67.45% | 1.06 |
All Listed CEFs/BDCs | 473 | -7.45% | -5.99% | 8.06% | 5.62% | 17.93% | 24.35% | $653 | 15.87 | 11.32 | 2279 | -5.19% | 54.01% | 63.92% | 0.78 |
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 | 1.21% | 1.04% | 2.38% | 2.20% | 6.73% | 5.62% | 15.90% | 14.65% | 17.84% | 17.99% | 0.66% | 1.54% | 6.53% | 6.77% | 5.98% | 5.75% | 5.98% | 4.71% | 5.98% | 4.71% |
Sector Equity CEFs | 0.78% | 0.34% | 3.41% | 2.57% | 7.25% | 4.62% | 15.09% | 12.58% | 18.29% | 17.67% | 6.18% | 6.16% | 4.93% | 5.16% | 4.68% | 4.42% | 6.63% | 4.29% | 6.63% | 4.29% |
Taxable Bond CEFs | 0.50% | 0.47% | 2.11% | 1.41% | 5.34% | 2.61% | 13.45% | 9.20% | 18.41% | 12.92% | 1.19% | 1.01% | 4.15% | 3.57% | 4.51% | 3.99% | 4.88% | 2.27% | 4.88% | 2.27% |
Debt Focused BDCs | 1.15% | 0.22% | 1.78% | 1.69% | 3.14% | 1.65% | 13.44% | 4.84% | 24.60% | 10.34% | 10.24% | 9.39% | 7.60% | 6.12% | 7.14% | 7.04% | 2.51% | 2.26% | 2.51% | 2.26% |
Municipal (tax-free) CEFs | -0.33% | -0.36% | 0.45% | 0.18% | 2.69% | 0.19% | 14.93% | 10.84% | 6.68% | 4.69% | -4.63% | -2.55% | 0.03% | 0.80% | 2.86% | 3.26% | 2.82% | -0.07% | 2.82% | -0.07% |
All Listed CEFs/BDCs | 0.57% | 0.32% | 2.01% | 1.53% | 5.22% | 2.89% | 14.55% | 10.86% | 16.14% | 12.71% | 1.50% | 2.11% | 4.02% | 4.02% | 4.55% | 4.41% | 4.81% | 2.57% | 4.81% | 2.57% |
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Press Releases
03/26/2024
The company today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the
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03/26/2024
The Company will host a conference call on Thursday, March 28, 2024, at 10:00 a.m. ET to discuss these results.
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03/25/2024
The Fund has filed the prospectus supplement governing the terms of its previously announced non-transferable rights offering. The proceeds from
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03/25/2024
The company today announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of
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03/25/2024
The Fund announced the final results of the Fund’s cash tender offer to purchase up to 10% of its outstanding
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03/22/2024
The Company today reminded its stockholders its modified “Dutch Auction” tender offer (the “Tender Offer”), which commenced on February 20,
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