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Published on:

7th Feb 2026

[Series 6] 2, Open-End vs Closed-End Funds

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam. In this episode you will learn: - How open-end funds continuously issue and redeem shares directly with investors. - Why open-end funds are always priced based on the forward Net Asset Value (NAV) calculated once per day. - The structure of closed-end funds, which have a fixed number of shares after an IPO. - How supply and demand cause closed-end fund shares to trade at a premium or discount to their NAV on an exchange. - A simple mnemonic to remember the key differences in capitalization, trading, and pricing that are frequently tested. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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Open Exam Prep
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Open Exam Prep: Mastering Financial Exams

The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part.

Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals.

Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time.

Visit for more content: https://open-exam-prep.com/
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