Closed-End Funds (CEFs) Now Available on the Crypto.com App
Access professionally managed, income-focused portfolios
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Crypto.com is expanding its U.S. equities lineup with Closed-End Funds (CEFs) - giving investors a new way to access professionally managed, income-generating portfolios directly in the Crypto.com App.
Unlike ETFs or mutual funds, CEFs have a fixed number of shares and trade on exchanges. Their prices can move above or below the fund’s Net Asset Value (NAV), offering potential opportunities to invest at a discount. Many CEFs focus on income generation, distributing dividends or interest to investors on a regular basis.
Examples of Supported CEFs*:
- BlackRock: BIT, BBN, BDJ
- Nuveen: NEA, NAD, NVG
- PIMCO: PDI, PTY, PDO
- Eaton Vance: ETY, ETV, EVT
- Cohen & Steers: UTF, RQI, RNP
*For identification purposes only. These examples do not constitute investment recommendations or advice.
Why CEFs:
- Many CEFs historically offer distribution rates that are typically higher than comparable open-end mutual funds (as cited by Blockrock)
- CEFs trade throughout the day on exchanges, unlike open-end mutual funds which only trade at end-of-day NAV.
- Portfolios are run by experienced investment teams using established income and diversification strategies.
Key Benefits
- Professionally managed portfolios across a range of asset classes and strategies
- Regular distributions that can provide steady income
- Diversified exposure to sectors or themes through a single investment
Risks to Consider
- Investing in Closed-End Funds involves risk, including the potential loss of principal. There is no guarantee a fund will achieve its investment objectives, and shares may frequently trade at a discount or premium to their net asset value (NAV).
Explore new ways to invest and earn income - all within one app you trust.
Risk Disclaimer: Extended-hours and overnight trading involve additional risks, including reduced liquidity, higher volatility, and wider spreads. NBBO protections may not apply outside regular trading hours, and market data may be limited or delayed.
Legal Disclaimer: Participation in related U.S. equities offerings is strictly optional and subject to the Crypto.com App Terms & Conditions and Privacy Notice. Securities are offered to U.S. persons by Foris Capital US LLC (“FCUL”), an SEC-registered broker-dealer and member of FINRA/SIPC. Foris Capital is separate from Foris DAX, Inc. (d.b.a. Crypto.com) and other affiliated companies and does not engage in the sale, transfer, or custody of cryptocurrencies or digital assets. Fractional shares may not be available for all equities. Securities lending carries risks, including potential loss of some or all loaned investments, and SIPA protections may not apply to loaned securities; customers must review and accept FCUL’s Stock Lending Disclosure Statement and Agreement before participating. FCUL does not provide investment advice. Investors should obtain a copy of the company’s prospectus, which contains important information about the company and risks in investing in the company. Dividend rates vary by issuer and are not guaranteed. Preferred Stock is a type of shares in a company that give the holder priority for receiving dividends and have a higher claim priority on assets than common shareholders, but they typically do not have voting rights. Nothing in this communication is intended to provide legal, tax, financial or investment advice. You are solely responsible for determining whether any self-directed investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance.
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