[Series 6] 2, Open-End vs Closed-End Funds episode artwork

EPISODE · Feb 8, 2026 · 3 MIN

[Series 6] 2, Open-End vs Closed-End Funds

from Open Exam Prep

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam. In this episode you will learn: - How open-end funds continuously issue and redeem shares directly with investors. - Why open-end funds are always priced based on the forward Net Asset Value (NAV) calculated once per day. - The structure of closed-end funds, which have a fixed number of shares after an IPO. - How supply and demand cause closed-end fund shares to trade at a premium or discount to their NAV on an exchange. - A simple mnemonic to remember the key differences in capitalization, trading, and pricing that are frequently tested. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818

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[Series 6] 2, Open-End vs Closed-End Funds

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