To comply with changing international privacy requirements, ICI informs its visitors that we use cookies on our web site. ICI only uses cookies to allow subscribers and members to more easily use our site and to record site utilization. No personal or private information is gathered or stored. More details, including how to disable cookies, can be found on our privacy and cookie policy page. If you disable cookies, you will see this message on future visits to our site. Please click the enable button to consent to accepting cookies.
  • ICI Global
  • Independent Director's Council
Sign In  |  Forgot Password?
Advanced | Tips
  • Home
  • Policy Priorities
    • Fund Regulation
    • Retirement Security
    • Trading & Markets
    • Fund Governance
    • Taxes
    • ICI Comment Letters
  • Research & Statistics
    • Industry Research
    • Investor Research
    • Retirement Research
    • Statistics
  • Government Affairs
    • Financial Services
    • Retirement Security
    • Tax
    • Testimony
  • Industry Operations
    • Fund Accounting, Financial Reporting, and Valuation
    • Fund Distribution, Fund Clearance, and Settlement
    • Operations, Transfer Agent Servicing, and Recordkeeping
    • Portfolio Security Operations
    • Resource Centers
    • Technology, Business Continuity, and Information Security
  • News & Media
    • Media Contacts
    • News Releases
    • Blog: ICI Viewpoints
    • Speeches & Commentaries
    • Opinions & Responses
    • Videos
  • Publications & Resources
    • Resource Centers
    • Frequently Asked Questions
    • Fact Books
    • Research Publications
    • White Papers
    • Annual Reports
    • Service Directory
  • Events
    • ICI Events
    • ICI Global Events
    • IDC Events
    • Past Event Highlights
    • Sponsorship Opportunities
    • Event Contacts
  • About ICI
    • Mission & History
    • Board & Leadership
    • Membership
    • Annual Reports
    • ICI Education Foundation
    • Business Continuity
    • Careers
    • Contact Us
  • Industry Research
    • Exchange-Traded Funds
    • Fact Book
    • Fees & Expenses
    • Fund Disclosure
    • Fund Governance
    • Global Research
    • Money Market Funds
    • Other Industry Research
  • Investor Research
    • Fact Book
    • Mutual Fund Ownership
    • Closed-End Fund Ownership
    • Mutual Fund Shareholders' Use of Information
    • Mutual Fund Shareholders' Use of Financial Advisers
    • Equity Ownership In America
    • U.S. Households' Views on Retirement Saving
    • IRA Investors
    • The IRA Investor Database™
    • Defined Contribution Plan Investors
    • EBRI & ICI 401(k) Database
    • Households Saving for College
  • Retirement Research
    • Fact Book
    • US Retirement System
    • Defined Contribution Plans
    • IRAs
  • Statistics
    • Fact Book
    • ICI Classification Definitions
    • Weekly Estimated Flow Reports
    • Money Market Fund Assets
    • Money Market Fund Portfolio Data
    • Trends in Mutual Fund Investing
    • Exchange-Traded Funds
    • Unit Investment Trusts
    • Closed-End Funds
    • Worldwide Market
    • Retirement Market
    • 529 Plans

Home Research & Statistics Statistics Closed-End Funds

Print this page

Closed-End Fund Investment Objective Definitions

Classifications are made by reviewing prospectuses for language included in these definitions.

Equity Funds

Domestic equity funds seek a combination of capital appreciation and current income by investing primarily in common and preferred stocks issued by U.S. companies.

Global/International (world) equity funds invest primarily in equity securities traded worldwide, including companies based in the United States, specific countries or regions, and emerging markets.

Bond Funds

Domestic taxable bond funds seek to provide current income and/or capital appreciation by investing in bonds issued, or backed, by the U.S. government, investment grade bonds, high-yield bonds, and senior-secured floating or variable rate bank loans.

Global/International (world) taxable bond funds seek to provide current income by investing in bonds globally, including those issued by companies based in the United States, specific countries or regions, and emerging markets.

Domestic municipal bond funds invest in municipal bonds of a single state or a national mix of municipal bonds.


top
  • About ICI
  • About IDC
  • About ICI Global
  • Privacy and Cookie Policy
  • Apply for User Account
  • Business Continuity
  • Contact ICI

Copyright © 2019 by the Investment Company Institute