Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • adj. Having no definite limit of duration or amount: an open-end contract.
  • adj. Continually issuing new shares or buying back existing shares from shareholders: an open-end mutual fund.
  • adj. Permitting the borrowing of additional funds under existing terms: an open-end mortgage.

Etymologies

Sorry, no etymologies found.

Examples

  • Also called open-end investment funds, they continually sell and redeem shares at prices based on the asset value of the funds’ portfolios.

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  • Another big reason investors buy index ETFs: The funds have a lower average annual expense ratio than open-end index mutual funds: 0.56% of assets, compared with 0.98%, according to Morningstar.

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  • This is a feeling "connected to the edge, an experience of limits in its quasi-mathematical sense of an open-end, which in turn becomes one of extreme poetry".

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  • A traditional open-end mutual fund prices its shares only once a day: If you get your order in before 4 p.m.

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  • The "closed end" label reflects the fact that these funds don't continually issue new shares, as conventional open-end funds do.

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  • More Facebook Readies IPO Filing Lawrence Friend , a former SEC chief accountant, says that in an open-end fund, either the buyers or the sellers will suffer: "You're hurting the purchasers if your price is too high, or the redeemer if it's too low."

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  • The result: While the Alerian MLP Infrastructure Index, an industry benchmark, soared 30% in the past year through Thursday, the $511 million SteelPath MLP Select 40 Fund, the largest conventional, open-end MLP mutual fund to launch in 2010, is up just 18%.

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  • It also will be one of a handful of asset managers to offer active and passive ETFs as well as open-end and closed-end funds, including BlackRock and PIMCO.

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  • "Some people think of them as a fixed-income substitute that can provide diversification beyond bonds," says Nadia Papagiannis, alternative-investments strategist at investment-research firm Morningstar Inc., which tracks 16 open-end distinct mutual funds and 32 ETFs and exchange-traded notes.

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  • RiverNorth/DoubleLine Strategic Income Fund, an open-end fund, will employ three different strategies — a tactical closed-end fixed-income, core fixed-income and opportunistic income strategy, according to a Securites and Exchange Commission filing.

    Gundlach

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