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 | 79 | -8.87% | -9.41% | 8.42% | 64.74% | 28.96% | 9.26% | $727 | 20.01 | 15.43 | 2221 | 9.56% | 82.10% | 68.01% | 0.72 |
| Sector Equity CEFs | 82 | -4.20% | -4.06% | 8.04% | 22.11% | 30.84% | 15.06% | $1470 | 19.15 | 15.12 | 14111 | 4.91% | 75.63% | 66.83% | 0.53 |
| Taxable Bond CEFs | 127 | -4.36% | -3.46% | 11.69% | 5.00% | 22.73% | 24.92% | $518 | 14.82 | 6.76 | 2770 | -2.14% | 46.65% | 64.78% | 0.47 |
| Debt Focused BDCs | 48 | -19.34% | -6.49% | 13.02% | -4.13% | 0.40% | 50.41% | $1712 | 27.72 | 4.71 | 11549 | 4.25% | N/A | 49.79% | 0.49 |
| Municipal (tax-free) CEFs | 85 | -3.11% | -5.75% | 5.97% | 42.82% | 20.27% | 33.57% | $567 | 10.22 | 7.31 | 1731 | -11.08% | 44.03% | 32.54% | 1.07 |
| All Listed CEFs/BDCs | 424 | -6.73% | -5.69% | 9.33% | 25.62% | 22.29% | 24.65% | $883 | 17.45 | 10.00 | 5631 | 0.16% | 53.32% | 57.21% | 0.62 |
| 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 | 0.68% | 0.57% | 2.69% | 2.53% | 8.74% | 7.73% | 12.53% | 12.50% | 25.50% | 22.24% | 16.79% | 15.22% | 8.91% | 7.88% | 12.21% | 10.71% | 5.79% | 5.59% | 5.79% | 5.59% |
| Sector Equity CEFs | 1.91% | 1.71% | 3.43% | 3.42% | 9.36% | 8.88% | 15.39% | 15.63% | 22.34% | 22.19% | 14.56% | 14.20% | 10.03% | 9.60% | 10.75% | 9.82% | 6.37% | 6.27% | 6.37% | 6.27% |
| Taxable Bond CEFs | 0.28% | 0.43% | 0.04% | 0.49% | 1.74% | 1.75% | 1.75% | 3.79% | 5.70% | 8.63% | 8.99% | 9.13% | 3.84% | 3.70% | 7.83% | 6.82% | 1.62% | 1.51% | 1.62% | 1.51% |
| Debt Focused BDCs | -0.31% | 0.10% | -5.58% | 0.38% | -1.27% | 2.65% | -8.12% | 4.49% | -13.96% | 6.95% | 3.73% | 8.62% | 5.96% | 8.72% | 8.61% | 7.41% | -3.66% | 0.41% | -3.66% | 0.41% |
| Municipal (tax-free) CEFs | 1.03% | 0.43% | 1.91% | 0.95% | 3.43% | 1.51% | 10.68% | 8.56% | 8.18% | 3.84% | 5.43% | 3.27% | -0.25% | -0.68% | 2.53% | 2.13% | 3.64% | 1.70% | 3.64% | 1.70% |
| All Listed CEFs/BDCs | 0.78% | 0.66% | 0.90% | 1.51% | 4.39% | 4.30% | 6.98% | 8.66% | 10.88% | 12.60% | 10.32% | 9.97% | 5.32% | 5.19% | 8.13% | 7.14% | 3.10% | 3.09% | 3.10% | 3.09% |
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