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

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

VCX is a closed-end fund, meaning that it issues a fixed number of shares that can be bought and sold on brokerages throughout the day.

From MarketWatch

Typically, closed-end funds trade at a discount to NAV due to management fees and the illiquidity of the underlying assets.

From MarketWatch

While Anthropic, OpenAI and other AI companies have grown their private-market valuations substantially in recent months, this isn’t the first time that closed-end funds offering access to flashy private companies have trended.

From MarketWatch

The Private Shares Fund, a closed-end interval fund, is another way to invest in SpaceX.

From Barron's