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 | -10.04% | -10.24% | 10.01% | 18.14% | 31.76% | 9.33% | $565 | 19.09 | 17.88 | 1625 | 3.91% | 84.65% | 56.50% | 0.74 |
| Sector Equity CEFs | 84 | -4.57% | -4.02% | 9.46% | 23.03% | 29.42% | 15.42% | $938 | 17.23 | 16.73 | 7543 | 0.69% | 88.65% | 61.39% | 0.61 |
| Taxable Bond CEFs | 127 | -5.14% | -4.06% | 11.23% | 6.61% | 20.12% | 25.31% | $469 | 13.11 | 7.90 | 2265 | 4.28% | 69.38% | 52.31% | 0.57 |
| Debt Focused BDCs | 48 | -13.16% | -5.68% | 11.75% | 13.36% | 0.25% | 51.27% | $1566 | 24.17 | 5.38 | 9220 | 19.34% | N/A | 32.24% | 0.55 |
| Municipal (tax-free) CEFs | 106 | -8.90% | -5.38% | 6.02% | 8.38% | 16.89% | 31.71% | $476 | 9.87 | 7.31 | 1116 | -4.94% | 67.17% | 52.63% | 0.85 |
| All Listed CEFs/BDCs | 451 | -7.93% | -5.88% | 9.45% | 12.85% | 20.91% | 24.80% | $689 | 15.69 | 11.04 | 3586 | 2.95% | 67.26% | 52.51% | 0.64 |
| 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 | -8.08% | -7.16% | -9.17% | -9.26% | -5.88% | -6.92% | -7.02% | -8.70% | 3.23% | -1.12% | 0.54% | 1.03% | 13.65% | 11.84% | 5.61% | 4.95% | -7.91% | -6.96% | -5.65% | -6.88% |
| Sector Equity CEFs | -8.17% | -6.98% | -8.19% | -7.53% | -4.92% | -5.06% | -7.23% | -6.63% | 7.28% | 4.44% | 1.72% | 1.88% | 14.45% | 12.92% | 5.58% | 5.14% | -8.35% | -7.13% | -4.41% | -4.66% |
| Taxable Bond CEFs | -6.11% | -1.90% | -6.91% | -2.55% | -4.91% | -0.79% | -5.56% | -0.09% | 4.56% | 6.11% | 2.76% | 3.10% | 10.07% | 8.08% | 4.79% | 4.35% | -6.26% | -1.75% | -4.52% | -0.65% |
| Debt Focused BDCs | -8.12% | 0.58% | -9.89% | 2.00% | -8.17% | 2.65% | -4.13% | 5.23% | -0.66% | 9.61% | 2.69% | 6.90% | 23.36% | 10.34% | 6.12% | 6.70% | -7.85% | 0.00% | -7.43% | 2.65% |
| Municipal (tax-free) CEFs | -0.33% | 2.53% | -2.77% | -0.68% | 0.02% | 0.28% | -4.36% | -1.60% | 5.24% | 3.44% | -0.41% | 0.26% | 2.05% | 1.74% | 2.04% | 2.24% | -0.52% | 2.10% | 0.89% | 0.52% |
| All Listed CEFs/BDCs | -5.70% | -2.48% | -6.97% | -3.74% | -4.32% | -2.08% | -5.61% | -2.65% | 4.57% | 4.17% | 1.32% | 2.15% | 10.85% | 8.32% | 4.47% | 4.25% | -5.74% | -2.59% | -3.78% | -1.90% |
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November 13th, 2024 - DownTown Association - 60 Pine Street, NY, NY 1005
November 15th, 2023 - DownTown Association - 60 Pine Street, NY, NY 1005
NYC - In Person - November 16th, 2022
