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 | -9.38% | -10.25% | 8.95% | 17.51% | 30.74% | 9.08% | $632 | 21.64 | 18.04 | 1863 | -15.63% | 89.85% | 66.43% | 0.71 |
| Sector Equity CEFs | 84 | -3.42% | -4.00% | 8.78% | 22.48% | 29.24% | 15.50% | $1026 | 19.36 | 16.84 | 9829 | -15.27% | 94.84% | 69.23% | 0.57 |
| Taxable Bond CEFs | 128 | -1.87% | -4.01% | 10.81% | 6.80% | 20.48% | 26.00% | $472 | 14.63 | 7.88 | 2450 | -17.35% | 82.75% | 65.22% | 0.52 |
| Debt Focused BDCs | 48 | -8.99% | -7.22% | 11.53% | 13.45% | 0.21% | 51.12% | $1571 | 27.11 | 5.63 | 10854 | -15.06% | N/A | 51.98% | 0.57 |
| Municipal (tax-free) CEFs | 106 | -6.71% | -5.41% | 6.29% | 9.43% | 18.08% | 32.63% | $448 | 11.03 | 8.51 | 1204 | -1.94% | 89.79% | 40.30% | 1.01 |
| All Listed CEFs/BDCs | 452 | -5.65% | -6.00% | 9.06% | 12.98% | 21.07% | 25.04% | $712 | 17.60 | 11.41 | 4297 | -12.64% | 84.42% | 58.54% | 0.65 |
| 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 | 0.12% | 0.39% | 11.12% | 9.51% | 0.47% | -0.57% | 6.36% | 3.29% | 13.71% | 8.11% | 9.46% | 9.10% | 12.29% | 10.87% | 6.73% | 6.01% | 4.55% | 4.68% | 7.04% | 4.62% |
| Sector Equity CEFs | 0.30% | 0.61% | 7.55% | 5.67% | -1.79% | -1.88% | 1.62% | 0.28% | 12.58% | 8.71% | 8.56% | 7.66% | 11.27% | 10.51% | 6.44% | 5.78% | 0.13% | 0.18% | 4.37% | 2.83% |
| Taxable Bond CEFs | -0.94% | -0.01% | 4.80% | 2.68% | -2.26% | -0.67% | 0.71% | 1.49% | 8.07% | 7.43% | 8.45% | 6.39% | 8.15% | 6.71% | 5.38% | 4.52% | -0.90% | 0.63% | 0.83% | 1.38% |
| Debt Focused BDCs | -0.48% | 0.27% | 4.84% | 0.47% | -10.01% | 0.75% | -2.16% | 2.76% | -1.36% | 7.13% | 7.69% | 6.15% | 15.76% | 9.89% | 6.09% | 6.43% | -5.19% | 0.64% | -4.63% | 1.09% |
| Municipal (tax-free) CEFs | -1.20% | -0.61% | 2.62% | 1.15% | -4.83% | -4.76% | -4.24% | -5.51% | 1.34% | -2.43% | 1.90% | 1.63% | 0.39% | -0.25% | 2.02% | 1.94% | -3.08% | -2.92% | -1.69% | -4.41% |
| All Listed CEFs/BDCs | -0.49% | 0.07% | 5.95% | 3.86% | -3.26% | -1.67% | 0.46% | 0.02% | 7.43% | 5.33% | 6.93% | 5.91% | 8.32% | 6.73% | 5.00% | 4.50% | -0.68% | 0.44% | 1.38% | 0.85% |
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Past Events
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
