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 | -10.23% | -9.35% | 9.23% | 69.22% | 28.18% | 8.73% | $669 | 20.39 | 15.55 | 2387 | -6.32% | 87.92% | 70.41% | 0.74 |
| Sector Equity CEFs | 82 | -6.41% | -4.00% | 8.77% | 23.33% | 29.69% | 15.10% | $1390 | 19.68 | 14.66 | 13719 | -7.10% | 90.58% | 68.40% | 0.58 |
| Taxable Bond CEFs | 127 | -8.66% | -3.46% | 12.13% | 1.87% | 22.63% | 25.02% | $498 | 15.57 | 6.79 | 2533 | 3.72% | 84.38% | 66.39% | 0.50 |
| Debt Focused BDCs | 49 | -27.87% | -6.59% | 13.80% | -12.37% | 0.79% | 51.05% | $1660 | 30.00 | 5.38 | 13310 | 19.83% | N/A | 45.08% | 0.62 |
| Municipal (tax-free) CEFs | 79 | -5.16% | -5.78% | 6.32% | 45.95% | 21.85% | 32.94% | $592 | 10.44 | 7.16 | 1568 | -4.21% | 71.12% | 32.87% | 0.73 |
| All Listed CEFs/BDCs | 420 | -10.06% | -5.69% | 9.97% | 24.92% | 22.21% | 24.48% | $855 | 18.25 | 10.02 | 5752 | 0.22% | 74.27% | 58.28% | 0.58 |
| 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 | -2.61% | -2.39% | -9.38% | -8.37% | -3.57% | -2.49% | -0.23% | 0.98% | 18.63% | 18.36% | 14.74% | 13.13% | 6.26% | 6.10% | 9.85% | 8.84% | -3.24% | -1.92% | -3.24% | -1.92% |
| Sector Equity CEFs | -1.43% | -0.89% | -8.20% | -6.15% | -1.21% | 0.62% | 2.83% | 5.38% | 15.33% | 18.19% | 13.94% | 13.87% | 8.05% | 8.42% | 8.71% | 8.39% | -0.61% | 1.55% | -0.61% | 1.55% |
| Taxable Bond CEFs | -1.95% | -0.77% | -5.94% | -2.97% | -6.54% | -2.58% | -7.06% | -1.79% | -1.51% | 5.49% | 7.92% | 8.24% | 2.14% | 3.22% | 5.84% | 5.81% | -6.28% | -2.14% | -6.28% | -2.14% |
| Debt Focused BDCs | -2.01% | 0.12% | -3.82% | 1.30% | -12.58% | 0.36% | -12.75% | 2.17% | -20.63% | 4.21% | 0.67% | 7.08% | 1.68% | 7.32% | 5.87% | 7.30% | -13.03% | 1.95% | -13.03% | 1.95% |
| Municipal (tax-free) CEFs | -2.29% | -0.48% | -5.21% | -3.50% | -0.70% | -0.68% | 0.53% | 0.95% | 4.45% | 3.15% | 4.58% | 2.57% | -0.90% | -0.77% | 1.72% | 1.78% | -1.29% | -0.86% | -1.29% | -0.86% |
| All Listed CEFs/BDCs | -2.00% | -0.94% | -6.48% | -4.19% | -4.44% | -1.25% | -3.06% | 1.04% | 4.89% | 9.76% | 9.10% | 9.02% | 3.45% | 4.38% | 6.35% | 6.19% | -4.29% | -0.64% | -4.29% | -0.64% |
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