closed end funds leverage risk
Unlike with open-end mutual funds a closed-end fund manager does not face reinvestment risk from daily share issuance. For additional information please contact your investment professional.
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Investment policies management fees and other matters of interest to prospective investors may be found in each closed-end fund annual and semi-annual report.
. Debt securities are subject to credit risk and interest rate risk and high-yield securities and. For more information on Allsprings closed-end funds. A closed-end fund manager does not have to hold excess cash to meet redemptions.
Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. For more information on Allsprings closed-end funds. Because there is no need to raise cash quickly to meet unexpected redemptions the capital is considered to be more stable than in open-end funds.
Debt securities are subject to credit risk and interest rate risk and high-yield securities and.
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