<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R5b49iXhdLOBaTOqsjQBtQ">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RDWDi7o4XYIl6YajH1XLGU1"/>
  <rdfs:label>Open-End Assets</rdfs:label>
  <skos:altLabel>Continuously Offered Funds</skos:altLabel>
  <skos:prefLabel>Open-End Funds</skos:prefLabel>
  <skos:definition>Open-End Assets refer to investment funds that continually offer new units to the public and redeem outstanding units on demand. This mechanism results in the constant adjustment of the fund's outstanding capital, increasing or decreasing as investors buy or redeem units.</skos:definition>
</owl:Class>
