4a0b8878_h___Virtus_Investment_Partners__Open_End_Mutual_Funds
[Preferred Ranking] #3 [Closed-End Funds] Leverage Closed-end funds’ fixed capitalization and the ability to issue senior securities allow for greater and more flexible uses of leverage. Many funds use leverage to magnify performance (both good and bad) but more commonly to boost income. Income-focused funds do so by using a leveraging instrument whose cost is based on short-term interest rates while investing the proceeds in securities that pay interest tied to higher long-term rates. This strategy relies upon a normal, upward sloping yield curve. [Open-End Mutual Funds] 
Expense Ratio Open-end fund investors are highly sensitive to the impact of a fund’s operating expenses on their returns, and understandably favor funds with lower expense ratios.
Love Me, Love Me Not? Finding the Right Fund Match | Virtus Investment Partners
Open-End Mutual Funds