An open-end investment company (mutual fund):

a.Continuously issues and redeems shares at net asset value

b.Trades on an exchange at a premium or discount to NAV like a closed-end fund

c.Has a fixed number of shares that never changes

d.Is a debt security

Explicación

An open-end mutual fund continuously issues new shares and redeems existing ones at net asset value, calculated at the close of each trading day. This differs from closed-end funds, which have a fixed share count and trade on exchanges. Redemption at NAV is a defining feature.

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Última revisión: 2026-06-08 · proceso editorial

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