Yes, closed-end funds are closed-end funds. Funds have a fixed closed-end period, and they can't do any transactions during the closed-end period. However, closed-end funds will be traded on the stock exchange, and investors can buy and sell after trading on the stock exchange.

Closed-end funds correspond to open-end funds. Open-end funds refer to open-end funds, which have no closed-end period and investors can trade at any time.