Closed-End Funds

What are Closed-End Funds?

Closed-end funds, or CEFs, are sold to other investors unlike mutual funds. They are purchased from brokers like a stock.

A "closed-end fund," legally known as a "closed-end company," is one of three basic types of investment company. The two other basic types of investment companies are mutual funds and unit investments trusts (UITs).

Here are some of the traditional and distinguishing characteristics of closed-end funds:

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