Hi , A couple of questions on CEF: Do you guys invest in CEF ? How does the entity that starts the CEF make money ? Does the entity that starts the CEF own any shares in the CEF ? Who owns all the shares when the CEF is just started - i.e at CEF ? If so can the shares in the fund be bought or sold by the entity that starts the fund? Does the share price increase or decrease based on the NAV of the fund? How about liquidity of the shares in thse funds ? Are there enough traders looking for such funds ? Do these funds share the content of their portfolio to their customers so as to decide whether to directly buy the shares or whether to buy the fund ? Thank you