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
A Guide to Closed-End Funds
Closed-End Funds and Their Use of Leverage: FAQs
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
The Closed-End Fund Market, 2021
Closed-end funds finished 2021 with $309 billion in total assets—an increase of 10 percent from year-end 2020, driven by rising US stock prices and a surge in demand for both equity and bond closed-end funds.