Closed-End Funds

Closed-End Funds
A "closed-end fund," legally known as a "closed-end company," is one of three basic types of investment company. The two other basic types of investment companies are mutual funds and unit investments trusts (UITs).

Another option for investors is closed-end funds. This investment vehicle is both similar and, in some ways, quite different from an open-end mutual fund.

Closed-End Funds Defined
In the United States, closed-end funds, or CEF, are also referred to as closed-end companies.

Closed-end funds - which, unlike mutual funds, sell a fixed number of shares at one time (in an initial public offering) that later trade on a secondary market; and ...

Closed-End Funds
A mutual fund that does not offer new shares after the initial offering. Shares of the fund can only be purchased or sold on securities exchanges. Closed-end funds are actively managed by an investment professional.

Closed-End Funds
Closed-end investment companies have a fixed number of shares to sell. Their shares are traded on the major exchanges and fluctuate according to supply and demand in the market.

Closed-End Funds
A mutual fund that does not sell unlimited shares; one with a specific number of outstanding shares.
Closed Trades
Positions that have been either liquidated or offset.

Closed-end funds also are permitted to invest in a greater amount of "illiquid" securities than mutual funds.

Closed-end funds with a set return value for preferred shares.
Dual-purpose funds start out as closed-end funds, but they can be changed to open-end funds depending on what the shareholders decide.

Closed-end funds are mutual funds that issue only a limited number of shares for public trading. The trading price of a mutual fund set up as a closed-end fund is often influenced by the supply and demand for the shares outstanding.

Closed-End Funds
This type of fund has a set number of shares issued to the public through an initial public offering.

CLOSED-END FUNDS
A closed-end fund sells a fixed number of shares to investors. Those shares sell on an exchange and vary in price, depending on demand for the fund.

Number of Closed-End Funds
Closed-End Fund Preferred Shares
Closed-End Fund Auction Market Preferred Stock ...

What about closed-end funds (CEF)? PHK is up 45% since July 08th 2009, it is affordable at $12.75 AND it pays an 11.5% dividend.
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Although both closed-end funds and ETFs are investment companies whose shares trade in the open market, the shares are issued and redeemed differently.

Cohen & Steers Closed-End Funds Declare March 2012 Quarterly Distributions
Publish Date: Mar 09, 2012 07:01 PM ...

Closed-End Funds: The mutual funds that do not sell unlimited shares.
Clustering: Locating the presence of groups of vectors that are similar in some fashion.
CME: Acronym for Chicago Mercantile Exchange.

Closed-end Funds A fund that does not issue new shares or accept new money after the initial public offering. Closed-end securities can be purchased in the open market, just like a stock.

Like ETFs, closed-end funds differ from open-end mutual funds in that they trade throughout the day over an exchange.

I have this Jodi - let me know if you like it: The closed-end funds are mutual funds that issue only a finite number of shares for public consumption.

The price of closed-end funds will fluctuate not only with the price of the underlying portfolio, but also the supply and demand of the shares of the fund, and so may be priced at, above, or below the net asset value of the fund's holdings.

Closed-end funds consist of a fixed number of shares and are usually only offered once to investors; after that, their earnings tend to outperform the general market, but usually feature greater risks than other types of REIT funds.

Another advantage is that ETFs, like closed-end funds, are immune from the market timing problems that have plagued open-end mutual funds.

Unlike more traditional open-end funds, transactions in shares of closed-end funds are based on their market price as determined by the forces of supply and demand in the marketplace.

An ETF usually tracks a stock index, like an index fund, but can be redeemed on demand for its underlying holdings, eliminating the discounts and premiums that are common with closed-end funds and forcing prices to remain very close to the net asset ...

A yield calculation developed by the SEC to standardize yield data for mutual funds, closed-end funds and ETFs. The calculation uses the fund's net investment income over the last 30 days, minus income generated from capital gains or other sources.

Typically you'll come across NAV when researching mutual funds, closed-end funds or certain Trust's, with the most common being the mutual funds or closed-end funds.

open- and closed-end funds). A candidate must answer 70% of the questions correctly in order to pass. Upon passing the test, one is granted a Series 7 / General Securities license.

The following issue types are not eligible for inclusion in the indices: closed-end funds, convertible debentures, exchange traded funds, preferred stocks, rights, warrants, units and other derivative securities.

Open-End Fund A mutual fund that stands ready to redeem stocks and issue new stock. Also see closed-end funds.
Open Order An order to buy or sell a security that remains in effect until it is either canceled by the customer or executed.

The worlds largest stock exchange, based in New York and with a history traced back to 1792, with 2,700 companies, closed-end funds and exchange traded funds listed and a market capitalisation of trillions of dollars.

It only took a few months for the premiums in closed-end country funds to fade back to the more typical discounts at which closed-end funds trade. Those who had bought them at premiums had run out of "greater fools".

The types of investment companies known in the U.S., since 1940, have basically been three types-unit investment funds, closed-end funds and open-end-funds. The last are also known as mutual funds in the U.S.

Closed-end fund - A type of unit trust that offers only a fixed amount of shares, usually sold through a brokerage firm by a broker. Most unit trusts are not closed-end funds, ...

SPDRs are similar to closed-end funds but are formally known as, a unit investment trust. One SPDR unit is valued at approximately one-tenth (1/10) of the value of the S&P 500.

AMEX Stock Exchange
AMEX Stock Exchange, acquired by NYSE Euronext, represents third-largest U.S. options marketplace and a leadership in ETFs, cash equities, closed-end funds and structured products.

These funds have a fixed number of shares, which are listed on the stock exchange. The market price of the shares is determined by demand and supply factors. Investment trusts are closed-end funds.
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Learn about the basics - and the pitfalls - of investing in mutual funds. Mutual Fund Basics Tutorial
If you're looking to generate income for your investments, look no further. Uncovering Closed-End Funds ...

These rights are often transferable, allowing the holder to sell them on the open market to others who may wish to exercise them. Rights offerings are particularly common to closed-end funds, which cannot otherwise issue additional common stock.

Investors purchasing stock in IPOs generally must be prepared to accept considerable risks for the possibility of large gains. IPOs by Investment companies (closed-end funds) usually include Underwriting fees that represent a Load to buyers. ...

This is the value of each share if the fund were to sell all of its assets at current market value and pay off any outstanding debts. NAV is usually calculated at the end of each business day. For closed-end funds, ...

When the market price falls below the (NAV)/share, shares are selling at a discount. Many closed-end funds are of a specialized nature; the portfolio represents a particular industry or, country.

The shares are traded on an exchange and their prices fluctuate throughout the trading day, based on supply, demand, and the changing values of their underlying holdings. Most single country funds are closed-end funds.

See also: Closed-end Fund, Close, Investment, Share, Stock