An open-end fund differs from a closed-end fund in that the open-end fund does not limit the kinds of securities it buys.

Name: An open-end fund differs from a closed-end fund in that the open-end fund does not limit the kinds of securities it buys.
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A closed-end fund does not limit the kinds of securities it buys, while an open-end fund is required to invest in a specific type of security, such as stocks, bonds, or money market instruments.

An Open-End Fund Differs from a Closed-End Fund in That