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Closed-End Funds

Unlike an open-end mutual fund, a closed-end fund (CEF) offers a fixed number of shares for sale. After the IPO, shares are bought and sold in the secondary marketplace and the market price of the shares is determined by supply and demand, not by net asset value.

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Portfolio manager insights

Portfolio Managers Tim O'Brien and Philip Susser, along with Aldo Ceccarelli, Head of U.S. Mutual Funds Product Management, discuss the current market environment as it pertains to our closed-end funds. Read Now