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Hey Guys,

Thanks for replying. I'm not ready to shop yet. trying to understand the differences first. The big thing that's confusing me is the nomenclature and that sometimes it's inconsistent.

As I understand it, a closed-end fund is distinct from an ETF. I'm sure there are more differences, but the ones that pop out to me are:

Liquidity can be a factor, and generally ETFs are more liquid.

ETFs can be shorted.

CEFs do not trade as efficiently as ETFs. Their market prices can get further out of skew with NAVs.

I'm sure there are more differences, but my real quandry right now is telling fish from foul. To illustrate more directly, I've found the PIMCO High Income fund (PHK) listed on etfconnect, as a "closed-end ETF":

Yet the Wall Street Journal lists it as a closed-end fund:

I'm not considering this fund necessarilly. It's just an example. There are many others. What gives? I must be missing something. Not surprising to me, LOL. Sorry for the dumb question and thanks for the help.
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