closed-end

American  

[klohzd-end] / ˈkloʊzdˈɛnd /

adjective

1. of, relating to, or like a closed-end investment company.

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Etymology

Origin of closed-end

1935–40;

Example Sentences

The new fund will purchase over 300 first-lien, floating-rate loans from a closed-end private-credit fund managed by Antares.

From The Wall Street Journal

Ares’s newest continuation vehicle was established to purchase assets from a closed-end private-credit fund comprising over 300 underlying first-lien, floating-rate loans originated and managed by Antares, which will continue to manage the portfolio.

From The Wall Street Journal

As these markets have cheapened, investors may want to look at deeply discounted BDCs and closed-end junk-bond and leveraged-loan funds.

From Barron's

The Destiny Tech100, a closed-end fund trading on the New York Stock Exchange, surged more than 15% Wednesday following a 9% spike on Tuesday.

From Barron's

That’s an anomaly for closed-end funds such as VCX, which typically trade at a discount to NAV on the stock market.

From MarketWatch