Closed-End Fund Assets, Fourth Quarter 2005Washington, DC, February 28, 2006 - The combined assets of the nation's closed-end funds were $276.35 billion as of year-end 2005, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $407 million during the fourth quarter. Equity fund assets increased by $1.85 billion to $104.62 billion, and bond fund assets decreased by $1.45 billion to $171.73 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 $1.88 billion, compared with $4.85 billion in the third quarter. There were 634 closed-end funds at the end of the quarter. Bond funds numbered 443, and equity funds totaled 191. 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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4Q 2005 |
3Q 2005 |
2004 |
2003 |
Total Equity |
104,616 |
102,763R |
81,507 |
52,295 |
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Domestic |
76,152 |
75,475R |
62,942 |
42,263 |
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Global |
28,464 |
27,288 |
18,565 |
10,032 |
Total Bond |
171,732 |
173,178R |
172,788 |
161,794 |
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Domestic Taxable |
64,276 |
65,112R |
65,049 |
56,153 |
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Domestic Municipal |
94,751 |
95,202R |
94,884 |
94,102 |
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Global |
12,705 |
12,864R |
12,855 |
11,539 |
All |
276,348 |
275,941R |
254,295 |
214,089 | R=Revised
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