[Boomer]

I don’t have any closed-end funds and probably never will. And I do not have an advisor — at this time. But…..

I knew nothing about closed-end funds so I did some reading. I have a very basic understanding now but could use more insight. What’s this leverage thing all about (sounds a bit risky to me) and are there expenses beyond the stated expense ratios? (I get the feeling there are more expenses to decipher.)

Can an advisor be collecting from a closed-end fund in addition to a flat AUM fee?

Why would an advisor use closed-end funds over open-end funds and/or index funds? (I understand those.)

So? What am I missing?

Boomer