what is the downside to closed end funds 
one of the significant downsides to closed end funds is that no new shares are issued so to gain access to a closed end fund you d have to find someone willing to sell shares at a premium or wait until some open up on the market the bottom lineclosed end funds are funds that only issue shares once when they are all sold there are no more available unless an owner decides to sell them closed end funds are generally priced by their net asset value but prices fluctuate throughout a trading day because they are actively traded 