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 | 82 | -10.98% | -9.96% | 8.28% | 17.59% | 30.90% | 8.94% | $649 | 16.39 | 18.79 | 1450 | 3.24% | 78.98% | 54.46% | 0.76 |
| Sector Equity CEFs | 89 | -4.45% | -4.45% | 8.01% | 27.65% | 30.20% | 15.46% | $964 | 15.61 | 17.07 | 3299 | -1.64% | 80.30% | 53.96% | 0.65 |
| Taxable Bond CEFs | 132 | -0.97% | -4.32% | 10.13% | 6.98% | 19.70% | 24.74% | $459 | 12.01 | 8.08 | 1982 | -1.81% | 54.04% | 46.06% | 0.58 |
| Debt Focused BDCs | 48 | -4.22% | -5.92% | 11.06% | 21.98% | 0.55% | 50.23% | $1529 | 22.26 | 5.94 | 7203 | 12.32% | N/A | 20.05% | 0.61 |
| Municipal (tax-free) CEFs | 107 | -7.66% | -5.34% | 5.78% | 5.59% | 12.20% | 29.76% | $495 | 9.66 | 7.12 | 1318 | 7.43% | 74.08% | 45.92% | 0.86 |
| All Listed CEFs/BDCs | 462 | -5.57% | -5.96% | 8.42% | 14.12% | 19.74% | 23.95% | $707 | 14.19 | 11.33 | 2514 | 2.58% | 63.17% | 46.32% | 0.66 |
| 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 | -0.77% | -0.76% | -0.80% | -1.22% | 3.95% | 2.69% | 7.36% | 4.82% | 24.23% | 19.00% | 0.35% | 1.08% | 7.24% | 7.19% | 6.64% | 6.10% | -0.65% | -0.52% | 17.04% | 12.88% |
| Sector Equity CEFs | 0.22% | 0.14% | -0.40% | -0.26% | 6.22% | 4.80% | 12.38% | 9.22% | 31.80% | 25.35% | 5.74% | 6.15% | 7.01% | 7.12% | 5.99% | 5.57% | 0.61% | 1.36% | 25.16% | 18.82% |
| Taxable Bond CEFs | -0.19% | 0.18% | -0.50% | 0.22% | 2.69% | 2.43% | 7.20% | 5.59% | 20.64% | 14.85% | 1.11% | 1.49% | 4.48% | 4.05% | 5.35% | 4.46% | -0.96% | 0.19% | 14.50% | 9.15% |
| Debt Focused BDCs | 0.53% | 0.34% | -0.97% | 0.48% | 2.27% | 2.40% | 0.40% | 3.97% | 12.04% | 8.07% | 5.94% | 6.79% | 7.18% | 6.28% | 7.66% | 6.90% | 0.68% | 0.76% | 7.38% | 6.75% |
| Municipal (tax-free) CEFs | -0.24% | 0.46% | -2.92% | -0.54% | 0.18% | 0.38% | 5.86% | 3.25% | 15.48% | 10.38% | -4.66% | -2.71% | -0.23% | 0.31% | 2.77% | 2.65% | -2.96% | -1.07% | 9.35% | 3.01% |
| All Listed CEFs/BDCs | -0.16% | 0.09% | -1.17% | -0.28% | 3.00% | 2.39% | 7.23% | 5.40% | 21.49% | 15.81% | 0.89% | 1.82% | 4.56% | 4.48% | 5.20% | 4.68% | -0.83% | 0.06% | 15.26% | 9.94% |
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