If you require further information on any of our Closed-End Funds:
Important Risk Information About Close-End Funds
While expense ratios may be relatively low, investors must still pay brokerage commissions to purchase and sell shares for all closed-end funds. Investors, particularly those who trade frequently, should consider these additional expenses when reviewing the total costs associated with their investment.
Closed-end fund shares also carry specific risks investors should understand:
- Closed-end funds trade on exchanges at prices that may be more or less than their NAVs.
- There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price.
- Closed-end funds often use leverage, which increases a fund's risk or volatility.
- Closed-end funds are permitted to invest in illiquid securities, which may increase risk.