You have closed end funds, trade as a security listed on the stock exchange, but what they do is own other securities.

假如你持有封闭式基金，这种基金在证券交易所作为一种债券进行交易，但是实际上它们做的是持有其他债券。

youdao

Vanguard, Fidelity and Putnam all have open-end convertible mutual funds, and there are many closed-end funds, including some trading at discounts to their net asset values.

先锋，富达和Putnam Investments都有可转换开放式共同基金的，同时也有许多封闭式基金，包括一些基金在其净资产值以下。

youdao

So many funds scramble to buy the new closed-end funds, there are markets in the role of empiricism.

这么多资金争相购买新的封闭式基金，但在经验主义的作用市场。

youdao

Such income producing strategies may include bonds, dividend paying equities, mutual funds, closed-end funds, exchange-traded funds ( ETFs) and unit investment trusts (UITs), to name a few.

FORBES: Why The Fed May Have To Break Its Pledge And Raise Interest Rates Before 2015

After all, loans remain one of the few asset classes that offer retail investors relatively wide distributions, with open-end funds paying yields of 4.5-5% and closed-end funds that use leverage paying 6-7%.

FORBES: Loan Market Technicals Cool In Late September, But Tone Stays Strong

He's also recommending taking a flier in some -- but not all -- emerging markets, using U.S.-based closed-end country funds.

FORBES: Learning from history