Some investors may be confused about what is a closed-end fund (CEF). There is a difference between an EFT and a CEF. A closed-end fund is more widely used for income investments as 70% of CEFs are fixed income based. At Get Rich Investments, we use CEFs for monthly income investments. You can create multiple streams of monthly income by investing in several CEFs from various market sectors. This is your own fund of funds using CEFs. Here is a great video to explain what a CEF is and how it works in the stock market.