A hedge fund or open-end mutual fund that has at least temporarily stopped accepting capital from investors, usually due to rapid asset growth. Not to be confused with a closed-end fund.
An open-end fund that has closed, either temporarily or permanently, to new investors. This usually occurs when management finds the fund's increasing asset size to be disadvantageous.
In regard to superannuation, the fund is no longer accepting new members. In regards to an investment fund, the fund is no longer accepting new investors, or additional deposits from existing investors.
A fund that is closed to new investment but may be available on a secondary market.
An open-end mutual fund that has grown so large that it no longer will issue new shares. However, some funds will allow investors, who are already shareholders, to purchase additional shares. See: Investment Company; Mutual Fund; Open End Management Company
A mutual fund that no longer issues shares (or units).