Blackrock Science & Technology Term Trust has released a presentation comparing the structure and performance of closed-end funds (CEFs) and mutual funds. The presentation outlines key differences, noting that CEFs trade on national stock exchanges with a fixed number of shares, while mutual funds continuously issue shares and must maintain liquidity for daily redemptions. CEFs are shown to have a greater ability to invest in illiquid securities and typically employ leverage more extensively than mutual funds. The presentation also highlights that distribution rates for CEFs tend to be higher across various asset classes compared to mutual funds. You can access the full presentation through the link below.