Closed-end mutual fund shares are actively traded like common stocks and bonds,primarily on the New York Stock Exchange.

Name: Closed-end mutual fund shares are actively traded like common stocks and bonds,primarily on the New York Stock Exchange.
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Closed-end mutual fund shares are traded on the secondary market, such as the New York Stock Exchange, and can be bought and sold throughout the trading day like common stocks and bonds, making them similar to exchange-traded funds (ETFs).

Closed-End Mutual Fund Shares Are Actively Traded Like Common Stocks