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 | -10.25% | -10.25% | 9.93% | 19.13% | 31.40% | 9.38% | $584 | 21.24 | 18.46 | 1749 | 8.64% | 90.46% | 56.50% | 0.74 |
| Sector Equity CEFs | 84 | -4.61% | -4.02% | 9.22% | 22.85% | 29.44% | 15.43% | $985 | 18.98 | 17.20 | 9162 | 13.98% | 95.13% | 61.39% | 0.61 |
| Taxable Bond CEFs | 127 | -3.35% | -4.05% | 11.06% | 6.63% | 20.25% | 25.34% | $465 | 14.48 | 7.99 | 2480 | 15.11% | 84.13% | 52.31% | 0.57 |
| Debt Focused BDCs | 48 | -12.90% | -7.05% | 11.80% | 13.24% | 0.25% | 51.27% | $1566 | 26.62 | 5.26 | 10521 | 15.72% | N/A | 32.24% | 0.55 |
| Municipal (tax-free) CEFs | 106 | -7.87% | -5.39% | 6.29% | 8.69% | 17.48% | 32.43% | $450 | 10.77 | 8.50 | 1175 | 17.78% | 88.13% | 52.63% | 0.85 |
| All Listed CEFs/BDCs | 451 | -7.17% | -6.00% | 9.42% | 13.05% | 21.03% | 24.86% | $694 | 17.27 | 11.53 | 4122 | 14.26% | 78.62% | 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 | 2.77% | 2.64% | -5.30% | -4.75% | -4.16% | -4.39% | -3.29% | -5.25% | 10.85% | 5.81% | 3.08% | 3.19% | 11.22% | 10.03% | 5.92% | 5.30% | -4.51% | -3.37% | -2.19% | -3.36% |
| Sector Equity CEFs | 3.64% | 3.30% | -4.70% | -4.06% | -3.42% | -2.54% | -4.36% | -3.96% | 14.89% | 11.32% | 3.47% | 3.28% | 11.37% | 10.75% | 5.91% | 5.44% | -5.02% | -3.78% | -0.82% | -1.09% |
| Taxable Bond CEFs | 2.63% | 1.25% | -4.16% | -2.08% | -3.50% | -1.19% | -3.41% | -0.29% | 8.98% | 7.61% | 4.46% | 3.63% | 7.70% | 6.69% | 4.92% | 4.31% | -4.50% | -1.58% | -2.79% | -0.76% |
| Debt Focused BDCs | 3.91% | 0.10% | -8.44% | 1.25% | -7.80% | 2.73% | -5.55% | 5.06% | -1.31% | 9.45% | 2.57% | 6.88% | 16.68% | 10.31% | 6.05% | 6.69% | -7.92% | 0.14% | -7.49% | 2.79% |
| Municipal (tax-free) CEFs | 1.71% | -0.19% | -4.38% | -3.74% | -3.69% | -3.10% | -8.00% | -6.01% | 2.71% | -1.17% | -0.16% | -0.45% | 0.02% | -0.06% | 1.59% | 1.72% | -4.30% | -2.92% | -2.93% | -4.42% |
| All Listed CEFs/BDCs | 2.78% | 1.42% | -5.02% | -2.94% | -4.18% | -2.05% | -4.85% | -2.70% | 7.98% | 6.00% | 2.65% | 2.77% | 8.01% | 6.72% | 4.51% | 4.22% | -4.90% | -2.43% | -2.90% | -1.77% |
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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
