Closed-End Fund Assets, Third Quarter 2005Washington, DC, December 20, 2005 - The combined assets of the nation's closed-end funds were $276.98 billion as of the end of September 2005, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $7.26 billion during the third quarter. Equity fund assets increased by $8.27 billion to $103.52 billion, and bond fund assets decreased by $1.01 billion to $173.45 billion. ICI's data collection also includes the value of new proceeds invested in closed-end funds and the total number of funds. For the quarter, proceeds to closed-end funds were $5.83 billion, compared with $5.27 billion in the second quarter. There were 646 closed-end funds at the end of the quarter. Bond funds numbered 457, and equity funds totaled 189. There were 619 closed-end funds at year-end 2004.
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Assets of Closed-End Funds by Type, End of Period
(millions of dollars)
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3Q 2005 |
2Q 2005 |
2004 |
2003 |
Total Equity |
103,523 |
95,257R |
81,507 |
52,295 |
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Domestic |
75,675 |
72,137 |
62,942 |
42,263 |
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Global |
27,848 |
23,120R |
18,565 |
10,032 |
Total Bond |
173,453 |
174,462R |
172,788 |
161,794 |
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Domestic Taxable |
65,329 |
65,612R |
65,049 |
56,153 |
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Domestic Municipal |
95,140 |
96,009 |
94,884 |
94,102 |
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Global |
12,984 |
12,841 |
12,855 |
11,539 |
All |
276,976 |
269,719R |
254,295 |
214,089 | R=Revised
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