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Closed-end Fund
Net Asset Value
Prospectus
Fund Manager

Open-end Fund
Term category: Mutual Funds
In 10 words or less: A type of mutual fund that is bought directly from the mutual fund company.

Definition: A mutual fund that is open for investors to buy or sell shares in the mutual fund at the current NAV directly from the fund company.

StockJargon Advice: If there's an open end fund, there's gotta be a closed end fund, right? Exactly. A closed end fund allows investors to buy or sell shares on the open market. These are traded like stocks.

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