Release: Closed-End Fund Assets

Closed-End Fund Assets and Net Issuance

Washington, DC, June 4, 2024—The combined assets of the nation’s closed-end funds were $260.19 billion at the end of March 2024 according to ICI. The Institute’s quarterly statistical collection also includes the value of shares issued and redeemed by closed-end funds.

Assets of Closed-End Funds by Type
End of Period, Millions of dollars

Note: Components may not add to the total because of rounding.

Highlights: Total closed-end fund assets increased $5.76 billion during the first quarter. Equity fund assets increased by $4.42 billion to $104.65 billion, and bond fund assets increased by $1.34 billion to $155.54 billion. 

For the quarter, closed-end funds had net issuance of $114 million, compared with net issuance of -$917 million in the fourth quarter of 2023.

There were 412 closed-end funds at the end of the first quarter. Bond funds numbered 258, and equity funds totaled 154. There were 413 closed-end funds in the fourth quarter of 2023.

Value of Shares Issued and Redeemed by All Closed-End Funds
Millions of dollars

Note: Components may not add to the total because of rounding.

Number of Closed-End Funds by Type