are highly liquid
require low investment minimumsmust maintain high cash reservescharge high fees and expenses if actively managed post lower yields than closed end funds real world example of an open end fundfidelity s magellan fund one of the investment company s earliest open end funds aims at capital appreciation it was founded in 1963 and during the late 1970s and 1980s it became legendary for regularly beating the stock market as of the beginning of the second quarter of 2024 it had a lifetime average annual total return of 15 8 5its portfolio manager peter lynch became a household name 6 the fund became so popular with assets hitting 100 billion that in 1997 fidelity closed it to new investors for nearly a decade it reopened in 2008 5can you sell back shares of an open end fund yes generally investors can sell their shares back to the fund at any time based on the present nav 