open-end fund


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Related to open-end fund: Closed end fund, Open Ended Mutual Fund

Open-end fund

Used in the context of general equities. Mutual fund that continually creates new shares on demand. Mutual fund shareholders buy the funds at net asset value and may redeem them at any time at the prevailing market prices. Antithesis of closed-end fund.

Open-End Mutual Fund

A mutual fund in which the number of shares may be increased or decreased depending on the amount of money invested in the company. This means that the fund's capitalization is not fixed and changes upon the demand of shareholders. In other words, an open-end mutual fund issues new stock when people invest in it and buys back old shares when investors want to be rid of them. The latter is referred to as redeeming one's share of the mutual fund. The value of each share is the net portfolio value divided by the number of shares. In the United Kingdom, this investment vehicle is usually called an open-end investment company.

open-end fund

An investment fund that does not have a finite life, continually accepts new investor capital,and makes new property investments.

References in periodicals archive ?
With a big portfolio, whether you call it a REIT or an open-end fund or whatever you call it, there's no beginning middle and end.
The Open-End Fund would seek to provide current income with an emphasis on income exempt from federal income tax, while also considering capital appreciation.
Although shares of the Open-End Fund will be issued on the Closing Date, the processing and availability of those shares may vary by financial intermediary.
In addition, the board of trustees of the new open-end fund would be able to liquidate that fund in the future without shareholder approval if the board of trustees determines that it would be in the best interests of shareholders to do so.
Finally, if the proposal is approved, the shareholders of the fund will thereafter become shareholders of the new open-end fund.
For information regarding the Open-End Fund, or to receive a free copy of a proxy statement/prospectus relating to the proposed Acquisition once a definitive registration statement relating to the proposed Acquisition has been filed with the Securities and Exchange Commission ("SEC") and becomes effective, please call the telephone number of the proxy solicitor or visit its website, details of which may be obtained, when available, by visiting columbiamanagement.
FOR MORE INFORMATION: For more information regarding DWS Enhanced Commodity Strategy Fund, a registered open-end fund, including to obtain a free copy of the prospectus/proxy statement relating to the recently completed merger (and containing important information about fees, expenses and risk considerations) which is included in an effective registration statement that has been filed by such fund with the SEC, please visit the SEC's Website www.
For information regarding the Open-end Fund, or to receive a free copy of a prospectus/proxy statement relating to the proposed Acquisition once a registration statement relating to the proposed Acquisition has been filed with the Securities and Exchange Commission ("SEC") and becomes effective, please call the telephone number of the proxy solicitor or visit its website, details of which may be obtained, when available, by contacting columbiamanagement.
The company said that it does not expect the open end fund's investment strategy and portfolio management team to change, but its shares will cease to trade on the New York Stock Exchange upon conversion; however thereafter additional shares may be bought from the open-end fund and redeemed at the stockholders' option at net asset value on a daily basis, subject to the terms of the registration statement for the open-end fund.
The Trustees have approved in principle a plan to merge Putnam Tax-Free Health Care Fund (NYSE: PMH) into Putnam Tax Exempt Income Fund, an open-end fund also managed by Putnam Investments.
The reorganisation of each fund into an open-end fund will ultimately have the effect of eliminating each fund's trading discount upon closing of the respective reorganisation.
BOSTON -- Putnam California Investment Grade Municipal Trust (AMEX: PCA) and Putnam New York Investment Grade Municipal Trust (AMEX: PMN) (together, the "Funds") announced today that their Boards of Trustees have approved in principle plans to merge each Fund into an open-end fund also managed by Putnam Investments, the Fund's manager ("Putnam").