5-2 Open-end mutual funds are the major type of mutual funds.

Name: 5-2 Open-end mutual funds are the major type of mutual funds.
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Open-end mutual funds are indeed the major type of mutual funds. They are called open-end because they continuously issue and redeem shares based on investor demand. In contrast, closed-end funds have a fixed number of shares that are traded on an exchange, and unit investment trusts have a fixed portfolio of securities that are held until maturity.

5-2 Open-End Mutual Funds Are the Major Type of Mutual