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 | -10.51% | -9.96% | 8.67% | 19.12% | 30.78% | 9.03% | $669 | 16.53 | 18.48 | 1550 | 7.77% | 80.30% | 54.77% | 0.77 |
| Sector Equity CEFs | 89 | -3.96% | -4.45% | 8.11% | 30.03% | 30.45% | 15.44% | $974 | 15.52 | 16.95 | 3411 | 4.35% | 79.54% | 54.02% | 0.63 |
| Taxable Bond CEFs | 130 | -0.21% | -4.35% | 10.09% | 8.29% | 20.16% | 24.95% | $472 | 11.93 | 8.09 | 2078 | 0.38% | 56.09% | 47.10% | 0.49 |
| Debt Focused BDCs | 48 | -2.73% | -5.91% | 10.83% | 21.54% | 0.53% | 50.34% | $1531 | 22.66 | 5.92 | 7586 | 16.60% | N/A | 22.79% | 0.57 |
| Municipal (tax-free) CEFs | 107 | -7.50% | -5.35% | 5.67% | 6.03% | 13.05% | 30.99% | $503 | 9.49 | 7.12 | 1371 | 7.55% | 72.49% | 43.51% | 0.84 |
| All Listed CEFs/BDCs | 459 | -4.95% | -5.97% | 8.45% | 15.31% | 20.07% | 24.35% | $719 | 14.18 | 11.29 | 2639 | 5.87% | 63.14% | 46.39% | 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 | 1.07% | 0.57% | 2.87% | 1.53% | 7.44% | 6.38% | 11.53% | 8.70% | 26.03% | 20.68% | 1.96% | 2.37% | 7.70% | 7.44% | 7.12% | 6.47% | 2.67% | 1.96% | 20.96% | 15.69% |
| Sector Equity CEFs | -0.67% | -0.95% | 2.65% | 1.39% | 6.40% | 5.73% | 15.20% | 12.04% | 31.27% | 24.48% | 6.93% | 6.83% | 7.22% | 7.26% | 6.40% | 5.85% | 2.38% | 2.53% | 27.39% | 20.20% |
| Taxable Bond CEFs | 0.59% | 0.41% | 2.33% | 1.99% | 3.55% | 3.14% | 9.66% | 7.27% | 19.94% | 14.06% | 2.46% | 2.16% | 4.83% | 4.20% | 5.76% | 4.74% | 1.19% | 1.59% | 17.02% | 10.72% |
| Debt Focused BDCs | -0.43% | 0.31% | 2.60% | 0.78% | 3.49% | 2.49% | 1.26% | 4.17% | 13.40% | 8.28% | 6.18% | 6.87% | 7.12% | 6.31% | 8.06% | 6.89% | 2.80% | 1.23% | 9.86% | 7.29% |
| Municipal (tax-free) CEFs | -0.29% | 0.43% | 2.78% | 4.14% | 1.13% | 1.60% | 7.59% | 4.85% | 13.78% | 7.61% | -3.78% | -2.28% | 0.03% | 0.59% | 2.83% | 2.72% | -1.06% | 0.69% | 11.50% | 4.84% |
| All Listed CEFs/BDCs | 0.16% | 0.17% | 2.64% | 2.15% | 4.30% | 3.71% | 9.75% | 7.49% | 21.29% | 15.08% | 2.05% | 2.49% | 4.86% | 4.67% | 5.53% | 4.90% | 1.46% | 1.58% | 17.95% | 11.64% |
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