Institute staff collect, compile, verify for accuracy, and release statistics on U.S-registered closed-end funds.
A closed-end fund is an investment company that issues a fixed number of shares which trade on a stock exchange or in the over-the-counter market. Assets of a closed-end fund are professionally managed in accordance with the fund's investment objective and policies, and may be invested in stocks, bonds, or a combination of both. Like other publicly traded securities, the market price of closed-end fund shares fluctuates and is determined by supply and demand in the marketplace.
