Even though they have been traded in the US for over a century, closed-end funds (CEFs) are not well understood. Closed-end funds share some traits with mutual funds and ETFs, but there are a number of differences that set them apart.
Basics of closed-end funds
Learn what makes closed-end funds unique, so you can better decide whether they are right for you.
Return of capital
Delve into this 3-part series to understand how a return of capital might happen in a closed-end fund, and learn the difference between pass-through, constructive, and destructive return of capital.
Deeper dive into closed-end funds
Take your learning journey to the next level with a deeper dive into characteristics of closed-end funds.