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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). Closed-end funds come in many varieties. They can have different investment objectives, strategies, and investment portfolios. They also can be subject to different risks, volatility, and fees and expenses.
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10 Biggest Closed-End Mutual Funds
What is a CEMF?
Investors can pour as much money into regular mutual funds as they like, and the fund management will simply purchase more stocks and bonds.
Closed-end funds, by contrast, accept only a fixed pool of investment dollars.
Share in CEMFs trade like any other stock.
10. EV Tax-Managed Global
Morningstar Category: World Stock
Trading Symbol: EXG
Assets: $3 billion
One-Year Return: -4.48%
Three-Year Return: 8.0%
Five-Year Return: -0.72%
9. Alliance Bernstein
Morningstar Category: Multisector Bond
Trading Symbol: ACG
Assets: $2.2 billion
One-Year Return: 10.16%
Three-Year Return: 12.01%
Five-Year Return: 8.8%
8. DNP Select Income
Morningstar Category: Utilities Trading
Symbol: DNP
Assets: $2.05 billion
One-Year Return: 16.09%
Three-Year Return: 22.82%
Five-Year Return: 7.62%
7. Nuveen Municipal Value
Morningstar Category: Muni National Intermediate
Trading Symbol: NUV
Assets: $2.03 billion
One-Year Return: 12.73%
Three-Year Return: 9.6%
Five-Year Return: 5.27%
6. Kayne Anderson MLP
Morningstar Category: Natural Resources
Trading Symbol: KYN
Assets: $2.0 billion
One-Year Return: 1.22%
Three-Year Return: 25.8%
Five-Year Return: 2.95%
5. Aberdeen Asia-Pacific Income
Morningstar Category: World Bond
Trading Symbol: FAX
Assets: $1.96 billion
One-Year Return: 4.54%
Three-Year Return: 15.24%
Five-Year Return: 9.13%
4. EV Limited Duration Income
Morningstar Category: Multisector Bond
Trading Symbol: EVV
Assets: $1.93 billion
One-Year Return: 5.76%
Three-Year Return: 14.12%
Five-Year Return: 7.14%
3. EV Tax-Managed Diversified
Morningstar Category: Large Blend
Trading Symbol: ETY
Assets: $1.63 billion
One-Year Return: -1.02%
Three-Year Return: 8.23%
Five-Year Return: -0.23%
2. NFJ Dividend, Interest & Premium
Morningstar Category: Large Value
Trading Symbol: NFJ
Assets: $1.63 billion
One-Year Return: -0.01%
Three-Year Return: 13.17%
Five-Year Return: -0.52%
1. Cohen & Steers Infrastructure
Morningstar Category: Utilities Trading
Symbol: UTF
Assets: $1.61 billion
One-Year Return: 2.7%
Three-Year Return: 19.27%
Five-Year Return: -0.38%
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