Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • adjective Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer.

Etymologies

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Examples

  • Tax-exempt funds that trade on exchanges so called closed-end investment companies that take on moderate amounts of short-term debt to increase the size of their portfolios have yields of 6% to 7%, and emerging-market bond funds have generous yields.

    Where to Put Your Money in 2012 Burton G. Malkiel 2012

  • For home-equity credit lines or closed-end second mortgages, the declines are even more dramatic.

    How Some Talking Dogs Cost Me $100,000 David Weidner 2011

  • But closed-end funds are plagued by pricing anomalies: Very often, a closed-end fund's share price is higher than the actual value of its holdings.

    What the heck is an ETF anyway? 2010

  • ETFs, however, have a complex mechanism that helps reduce the premiums and discounts that closed-end funds often have.

    What the heck is an ETF anyway? 2010

  • I sidestepped that with Repairman Jack by deciding from the start that it would be a closed-end series – I would not run Jack into the ground.

    A Conversation with New York Times Bestselling Author F. Paul Wilson 2010

  • Sprott, based in Toronto, is structured as a closed-end fund.

    Hi Ho, Silver: Some Fund Investors Could End Up Tarnished Jason Zweig 2011

  • The Dreyfus High Yield Strategies closed-end fund (DHF) is up 34% over the past year and the Neuberger Berman High Yield Strategies closed-end fund (NHS) has gained 28% over the same period.

    A Bond Bust Didn't Happen ... Yet Dave Kansas 2011

  • A record 450 closed-end real-estate funds are seeking to raise $165 billion, according to Preqin, which tracks alternative investments.

    Apollo Has Difficulty Landing Real-Estate Funds Craig Karmin 2012

  • There are a wide range of mutual funds and closed-end funds focused on munis, and even funds that focus on big issuers, such as New York and California.

    A Brighter Outlook for Muni Bonds Dave Kansas 2011

  • High-yielding diversified portfolios of tax-exempt bonds are available through closed-end investment companies.

    The Bond Buyer's Dilemma Burton G. Malkiel 2011

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