Central Securities Corp.

Frequently Asked Questions About CET

What does CET invest in?

Central Securities Corporation functions as a publicly traded entity specializing in investment management. The firm primarily allocates capital within the United States' public stock markets. Additionally, it broadens its investment portfolio to include a diverse range of assets such as various bonds (including convertible and preferred types), warrants, options, and real estate. The company also invests in short-term debt instruments issued by governmental agencies, financial institutions, and corporations. Central Securities Corp. was established on October 1, 1929, and its main office is located in New York City.

What is the expense ratio of CET?

Central Securities Corp. (CET) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CET?

Central Securities Corp. (CET) has a market value of $1.67B: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is CET actively managed or an index fund?

CET is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CET's is 0.46%) in exchange for the discretion to over- or under-weight positions.

When was CET launched?

Central Securities Corp. (CET) launched in March 1980 and is managed by the fund issuer.

How has CET performed?

CET's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.