Release: Closed-End Fund Assets
Closed-End Fund Assets and Net Issuance
Washington, DC, November 25, 2024—The combined assets of the nation’s closed-end funds were $265.16 billion at the end of September 2024 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
|
|
2024: Q3 |
2024: Q2 |
2023 |
|
Equity |
108,498 |
104,075 |
100,232 |
|
Domestic |
81,180 |
77,428 |
74,716 |
|
Global |
27,318 |
26,647 |
25,516 |
|
Bond |
156,662 |
153,734 |
153,754 |
|
Domestic Taxable |
55,653 |
54,946 |
53,916 |
|
Domestic Municipal |
80,369 |
79,298 |
81,017 |
|
Global |
20,640 |
19,491 |
18,821 |
|
Total |
265,160 |
257,809 |
253,986 |
Note: Components may not add to the total because of rounding.
Highlights: Total closed-end fund assets increased $7.35 billion during the third quarter. Equity fund assets increased by $4.42 billion to $108.50 billion, and bond fund assets increased by $2.93 billion to $156.66 billion.
For the quarter, closed-end funds had net issuance of -$444 million, compared with net issuance of -$222 million in the second quarter of 2024.
There were 399 closed-end funds at the end of the third quarter. Bond funds numbered 253, and equity funds totaled 146. There were 406 closed-end funds in the second quarter of 2024.
Value of Shares Issued and Redeemed by All Closed-End Funds
Millions of dollars
|
|
2024: Q3 |
2024: Q2 |
2023 |
2022 |
|
Gross Issuance |
1.234 |
188 |
957 |
1,232 |
|
Gross Redemptions |
1,678 |
410 |
1,796 |
1,721 |
|
Net Issuance |
-444 |
-222 |
-839 |
-489 |
Note: Components may not add to the total because of rounding.
Number of Closed-End Funds by Type
|
|
2024: Q3 |
2024: Q2 |
2023 |
|
Equity |
146 |
148 |
154 |
|
Domestic |
89 |
90 |
95 |
|
Global |
57 |
58 |
59 |
|
Bond |
253 |
258 |
259 |
|
Domestic Taxable |
112 |
116 |
117 |
|
Domestic Municipal |
111 |
111 |
111 |
|
Global |
30 |
31 |
31 |
|
Total |
399 |
406 |
413 |