What are the different types of closed-end funds?
There is a wide variety of closed-end funds available to investors today, with total market capitalization of over $120 billion.2 While the closed-end universe includes coverage in all asset classes, the majority of U.S.-listed closed-end funds are fixed-income funds, both taxable and tax free (often municipal funds). Most closed-end funds trade on the New York Stock Exchange. Some are listed on the American Stock Exchange and in the over-the-counter market. Most closed-end fund prices are published daily in the financial section of many newspapers.
