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 | -9.53% | -10.25% | 9.10% | 18.28% | 32.33% | 9.01% | $624 | 17.72 | 17.55 | 1765 | 2.22% | 83.66% | 56.50% | 0.74 |
| Sector Equity CEFs | 84 | -3.87% | -4.03% | 8.60% | 23.79% | 29.44% | 15.51% | $1013 | 15.72 | 16.37 | 7307 | -4.54% | 82.94% | 61.39% | 0.61 |
| Taxable Bond CEFs | 128 | -1.20% | -4.14% | 10.42% | 6.87% | 20.73% | 25.16% | $477 | 11.80 | 7.84 | 2352 | -0.26% | 62.14% | 52.17% | 0.57 |
| Debt Focused BDCs | 48 | -3.76% | -5.67% | 10.28% | 14.30% | 0.26% | 51.16% | $1567 | 22.81 | 5.55 | 9791 | 16.46% | N/A | 32.24% | 0.55 |
| Municipal (tax-free) CEFs | 106 | -7.10% | -5.37% | 5.95% | 6.71% | 16.81% | 31.48% | $472 | 9.71 | 7.26 | 1304 | -20.60% | 58.34% | 52.63% | 0.85 |
| All Listed CEFs/BDCs | 452 | -5.10% | -5.90% | 8.73% | 12.75% | 21.17% | 24.66% | $715 | 14.60 | 10.90 | 3694 | -3.62% | 61.95% | 52.47% | 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 | 2.44% | 2.45% | -2.60% | -3.26% | 3.75% | 1.62% | 4.35% | 1.47% | 14.01% | 8.48% | 4.52% | 4.39% | 17.71% | 15.19% | 6.69% | 5.94% | 3.76% | 1.76% | 3.76% | 1.76% |
| Sector Equity CEFs | 2.56% | 2.73% | -1.63% | -1.23% | 5.89% | 4.24% | 2.57% | 1.96% | 18.10% | 13.90% | 5.63% | 5.31% | 18.96% | 16.89% | 6.57% | 5.99% | 4.54% | 3.48% | 4.54% | 3.48% |
| Taxable Bond CEFs | 0.74% | 0.71% | -1.27% | -0.33% | 2.27% | 1.46% | 1.49% | 2.25% | 11.37% | 9.00% | 5.72% | 4.18% | 12.26% | 8.77% | 5.47% | 4.63% | 1.84% | 1.71% | 1.84% | 1.71% |
| Debt Focused BDCs | 2.62% | 0.93% | -4.30% | 1.34% | 4.42% | 2.28% | 4.92% | 4.81% | 9.32% | 8.81% | 6.42% | 6.73% | 24.01% | 6.80% | 7.75% | 7.17% | 1.31% | 1.73% | 1.31% | 1.73% |
| Municipal (tax-free) CEFs | 0.09% | 0.44% | -1.28% | -0.73% | 0.96% | -0.76% | -3.46% | -2.32% | 5.36% | 1.32% | -0.56% | -0.69% | 3.33% | 3.02% | 2.20% | 2.14% | 1.98% | -0.37% | 1.98% | -0.37% |
| All Listed CEFs/BDCs | 1.39% | 1.36% | -2.03% | -0.94% | 3.10% | 1.55% | 1.55% | 1.20% | 11.62% | 7.91% | 3.98% | 3.49% | 13.48% | 9.85% | 5.23% | 4.68% | 2.64% | 1.55% | 2.64% | 1.55% |
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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
