Closed Funds

Closed Funds - Closed funds are in fact, mutual funds currently not issuing shares to new customers. The shut down on shares issued may be a temporary measure, or may be permanent. When the mutual fund has grown too large, a closed fund takes place. The mutual fund is a closed fund when the status does not impact the outstanding shares that are currently in circulation. These shares presented for redemption by the shareholder in accordance with the terms and conditions that apply. New investors or shareholders are not able to acquire any shares associated with a closed fund until it opened again.