Funds with an end date in their name

Some funds promise to close on a set date, years ahead. The date is in the name. Here is what that promise means and how funds change it.

The papers call this a "term fund" or "target term fund"; a fund that gives up the date "eliminates its term".

What the date means

The fund plans to sell its holdings around that date and pay holders the value per share - so a holder who buys below the value of the holdings expects to be paid the full value at the end. Until then the shares trade on the exchange like any other closed-end fund's.

How the date can change

The fund can ask holders to vote on giving up the end date and continuing for good, sometimes offering one buy-back at full value for those who wanted the closing. It can also bring the date forward. Both come to you as voting papers or a buy-back letter, and both show on the fund's page here with the date to act by.

What the fund promised

Some funds only aim to return the price the shares were first sold at, not the value of the holdings on the day; the fund's own papers say which. The examples below are the funds whose names carry a year - the fund's page and documents give the exact date and the promise.

Funds we cover with a year in their name, soonest first

From the funds' registered names; each line links to the fund's page, where the fund's own papers are. Checked Sept 18, 2026.

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