A closed-end fund, a type of investment company, generally issues a fixed number of shares that are listed on a stock exchange or traded in the over-the-counter market. The assets of a closed-end fund are professionally managed in accordance with the fund’s investment objectives and policies, and may be invested in stocks, bonds, and other securities.
Background on Closed-End Funds
Consider This: Interval Fund Operational Practices (pdf)
Focus on Funds: ICI Leads Effort to Help Funds Modernize Interval Fund Operations
Interval Funds: Operational Challenges and the Industry’s Way Forward (pdf)
Improving Operational Efficiency for Interval Funds
Closed-End Funds and Their Use of Leverage: FAQs
A Guide to Closed-End Funds
Closed-End Fund Assets Recovered with Financial Markets
Closed-end funds finished 2020 with $279 billion in total assets—unchanged from their level at the end of 2019—as financial markets steadily recovered from their sharp downturn in February and March.