Closed-End Fund Assets and Net Issuance
Washington, DC, August 14, 2026—The combined assets of the nation’s closed-end funds were $266.72 billion at the end of June 2026 according to ICI. The Institute’s quarterly statistical collection also includes the value of shares issued and redeemed by closed-end funds.
Assets of Closed-End Funds by Type
End of Period, Millions of dollars
| 2026: Q2 | 2026: Q1 | 2025 | |
| Equity | 122,775 | 112,024 | 112,175 |
|
Domestic |
89,695 | 83,523 | 83,043 |
|
Global |
33,080 | 28,501 | 29,132 |
| Bond | 143,940 | 141,270 | 144,531 |
|
Domestic Taxable |
54,831 | 53,695 | 54,981 |
|
Domestic Municipal |
69,431 | 68,312 | 69,820 |
|
Global |
19,678 | 19,263 | 19,731 |
| Total | 266,715 | 253,294 | 256,706 |
Note: Components may not add to the total because of rounding.
Highlights: Total closed-end fund assets increased $13.42 billion during the second quarter. Equity fund assets increased by $10.75 billion to $122.78 billion, and bond fund assets increased by $2.67 billion to $143.94 billion.
For the quarter, closed-end funds had net issuance of $80 million, compared with net issuance of $516 million in the first quarter of 2026.
There were 338 closed-end funds at the end of the second quarter. Bond funds numbered 203, and equity funds totaled 135. There were 347 closed-end funds in the first quarter of 2026.
Value of Shares Issued and Redeemed by All Closed-End Funds
Millions of dollars
| 2026: Q2 | 2026: Q1 | 2025 | 2024 | |
| Gross Issuance | 400 | 716 | 2,649 | 1,714 |
| Gross Redemptions | 320 | 200 | 2,497 | 3,202 |
| Net Issuance | 80 | 516 | 152 | -1,488 |
Note: Components may not add to the total because of rounding.
Number of Closed-End Funds by Type
| 2026: Q2 | 2026: Q1 | 2025 | |
| Equity | 135 | 135 | 137 |
|
Domestic |
79 | 80 | 82 |
|
Global |
56 | 55 | 55 |
| Bond | 203 | 212 | 227 |
|
Domestic Taxable |
102 | 103 | 103 |
|
Domestic Municipal |
75 | 81 | 96 |
|
Global |
26 | 28 | 28 |
| Total | 338 | 347 | 364 |