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 | 81 | -9.86% | -9.97% | 8.74% | 18.65% | 32.70% | 8.79% | $654 | 17.15 | 18.00 | 1766 | 2.13% | 81.03% | 57.89% | 0.78 |
Sector Equity CEFs | 85 | -3.73% | -4.05% | 8.39% | 26.03% | 29.99% | 15.63% | $1020 | 15.80 | 16.67 | 5198 | 2.24% | 82.42% | 60.62% | 0.67 |
Taxable Bond CEFs | 129 | -0.51% | -4.24% | 10.17% | 6.84% | 20.82% | 25.36% | $473 | 11.80 | 8.03 | 2288 | -1.60% | 61.07% | 50.61% | 0.46 |
Debt Focused BDCs | 47 | -0.97% | -5.88% | 10.63% | 19.45% | 0.34% | 50.53% | $1578 | 22.61 | 5.46 | 9408 | -13.63% | N/A | 29.50% | 0.63 |
Municipal (tax-free) CEFs | 107 | -6.96% | -5.39% | 5.80% | 6.02% | 15.04% | 31.40% | $483 | 9.54 | 7.24 | 1561 | -20.42% | 81.15% | 51.27% | 0.82 |
All Listed CEFs/BDCs | 453 | -4.56% | -5.89% | 8.54% | 13.71% | 20.93% | 24.59% | $722 | 14.37 | 11.07 | 3291 | -5.86% | 67.64% | 51.51% | 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 | 1.38% | 1.38% | 5.12% | 4.52% | 2.68% | 0.68% | 11.51% | 9.01% | 18.83% | 14.21% | 3.48% | 3.81% | 6.53% | 6.26% | 6.93% | 6.25% | 5.10% | 3.70% | 5.10% | 3.70% |
Sector Equity CEFs | 0.69% | 1.01% | 4.52% | 4.32% | 1.33% | 0.54% | 10.85% | 9.01% | 24.50% | 20.00% | 6.39% | 6.41% | 6.04% | 6.27% | 6.68% | 6.13% | 5.09% | 4.00% | 5.09% | 4.00% |
Taxable Bond CEFs | 0.43% | 0.41% | 2.68% | 1.94% | 1.40% | 1.77% | 6.47% | 5.43% | 14.21% | 10.67% | 4.51% | 3.21% | 3.76% | 3.52% | 5.57% | 4.72% | 2.60% | 1.77% | 2.60% | 1.77% |
Debt Focused BDCs | -0.42% | 0.02% | 5.00% | 0.18% | 6.06% | 2.95% | 11.13% | 5.42% | 14.65% | 9.46% | 7.21% | 6.82% | 7.46% | 6.93% | 8.21% | 7.17% | 3.20% | 0.20% | 3.20% | 0.20% |
Municipal (tax-free) CEFs | 0.93% | 0.59% | 3.50% | 2.20% | -0.18% | 0.23% | 1.26% | 0.25% | 8.19% | 3.30% | -1.41% | -1.31% | -1.00% | -0.39% | 2.39% | 2.36% | 3.37% | 0.93% | 3.37% | 0.93% |
All Listed CEFs/BDCs | 0.74% | 0.70% | 3.95% | 2.71% | 1.89% | 1.13% | 7.65% | 5.47% | 16.03% | 11.12% | 3.48% | 3.18% | 3.91% | 3.90% | 5.40% | 4.83% | 3.81% | 2.16% | 3.81% | 2.16% |
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June 6th, 2025 - DownTown Association - 60 Pine Street, NY, NY 10005
November 19th, 2025 DownTown Association 60 Pine Street, NY, NY 10005
November 13th, 2024 - DownTown Association - 60 Pine Street, NY, NY 1005