# Closed-End Assets

**IRI:** https://folio.openlegalstandard.org/R93W1OsrC06bWnzo81FJ0PC

## Labels

**Preferred Label:** Closed-End Funds

## Definition

Closed-End Assets refer to investment funds where units are sold on an organized exchange or in the over-the-counter market and are typically not redeemed by the issuing entity. These funds have a fixed number of units, and their capital remains constant, unlike open-end funds.

## Sub Class Of

- https://folio.openlegalstandard.org/RDWDi7o4XYIl6YajH1XLGU1

**Deprecated:** False