The Form N-2 Files Dataset is a complete archive of every Form N-2 and Form N-2/A registration statement submitted to EDGAR — the SEC-prescribed registration statement used by closed-end management investment companies and by business development companies (BDCs) that have elected regulation under Section 54 of the Investment Company Act of 1940. One record is one EDGAR submission, packaged as a single accession-numbered folder that holds a metadata.json describing the submission, the primary registration document in HTML, and every exhibit document attached to the filing. The dataset is filed by closed-end funds — listed closed-end funds (CEFs), interval funds, tender offer funds, master-feeder and fund-of-funds CEFs — and by listed and non-traded BDCs, and it covers initial registrations alongside pre-effective amendments and post-effective amendments. Coverage begins with electronic filings in January 1994 and continues through the present, with new records added as EDGAR accepts new N-2 and N-2/A submissions. Records are distributed in monthly ZIP archives named YYYY-MM.zip, with file types spanning TXT, JSON, HTML, and PDF.
Programmatically retrieve the full list of dataset archive files, download URLs and dataset metadata.
Dataset Index JSON API
Download the entire dataset as a single archive file.
Download Entire Dataset:
Download a single container file (e.g. monthly archive) from the dataset.
Download Single Container:
The dataset assembles every Form N-2 and Form N-2/A submission accepted by EDGAR from January 1994 onward. The form-type vocabulary is exactly two values: N-2 for an initial registration statement and N-2/A for any amendment to a previously filed N-2. Amendments are filed both pre-effectiveness (to respond to SEC staff comments or add missing disclosures before the SEC declares the registration effective) and post-effectiveness (to update prospectus or SAI content, refresh financial statements, add share classes, or register additional shares). The dataset preserves both flavors under the single N-2/A form type and does not flag which subtype an amendment falls into beyond what appears in the EDGAR description text.
Form N-2 is the registration statement used by closed-end management investment companies under two simultaneous statutes. It serves as the Investment Company Act of 1940 registration (the entity registers as an investment company on file-number series 811-*) and as the Securities Act of 1933 registration for the public offering of the fund's shares (file-number series 333-*). Two large categories of filer use the form: traditional closed-end funds, including interval funds and tender-offer funds, and business development companies that elect to be regulated under Section 54 of the 1940 Act. Both register common stock, preferred stock, debt securities, subscription rights, or warrants on the same form, with content tailored to fund structure.
Form N-2 is organized as a three-part document. Part A is the prospectus, the customer-facing offering document. Part B is the Statement of Additional Information (SAI), holding more detailed disclosure that registrants may incorporate by reference rather than physically deliver. Part C contains "other information not required in the prospectus or SAI": the exhibit index, persons controlled by or under common control with the registrant, indemnification, capitalization, undertakings, and signatures. Each part is built from the numbered Items prescribed in the form's general instructions (Items 1 through 34 across the three parts) — cover page, fee table, financial highlights, use of proceeds, investment objectives and policies, risk factors, management, control persons and principal shareholders, advisory and other services, brokerage allocation, capital stock and other securities, taxation, and so on. The content of any given Item ranges from a one-paragraph cross-reference to dozens of pages of narrative.
One record is one complete EDGAR submission of a Form N-2 or Form N-2/A registration statement, packaged as a single accession-numbered folder. The unit of observation is the filing, not the fund: a closed-end fund or business development company that files an initial N-2 and three subsequent amendments produces four independent records, each with its own metadata block and document set. Every record is uniquely keyed by an EDGAR accession number such as 0001193125-25-284797; the folder that holds the record is named with the dashes stripped (an 18-digit string).
Records are distributed in monthly ZIP archives named YYYY-MM.zip. Each archive contains a single top-level directory YYYY-MM/ whose immediate children are accession-numbered subfolders, one per filing accepted by EDGAR in that calendar month. Inside each accession folder the file inventory follows a stable contract:
metadata.json describing the submission, its filer entities, and the documents catalogued by EDGAR..htm) whose EDGAR document type is N-2 or N-2/A. Filenames are filer-specific (*_n2.htm, *dn2a.htm, ck<CIK>-<date>.htm, etc.) and carry no semantic guarantee beyond what metadata.json records.EX-* document-type code.The file types found in the dataset are TXT, JSON, HTML, and PDF. Modern N-2 records consist almost exclusively of HTM/HTML files (the primary document and its exhibits) plus the JSON metadata; legacy filings from the 1990s and early 2000s contribute the bulk of the TXT content; PDF appears only as occasional supplementary courtesy filings carried alongside the primary HTML. Image files (referenced in EDGAR as GRAPHIC documents — GIF, JPG, PNG), the rolled-up EDGAR *.txt complete-submission envelope, and standalone XBRL data files (.xsd, .xml, _lab.xml, _pre.xml, _def.xml, _cal.xml) are excluded from the ZIP payload: they are referenced through documentUrl values in metadata.json so the originals can be retrieved from EDGAR when needed.
metadata.json schemaEvery record folder contains a metadata.json file built around a consistent set of top-level fields:
id — a 32-character hexadecimal internal record identifier.accessionNo — the EDGAR accession number in canonical dashed form, e.g. 0001193125-25-284797.formType — N-2 or N-2/A.description — the human-readable form description supplied to EDGAR, typically Form N-2 - Registration statement for closed-end investment companies or the [Amend] variant for amendments.filedAt — ISO-8601 acceptance timestamp with timezone offset, reflecting the moment EDGAR accepted the submission.linkToFilingDetails — the EDGAR URL of the primary N-2 document, often delivered through the /ix?doc= Inline-XBRL viewer endpoint.linkToHtml — the EDGAR -index.htm filing-index page.linkToTxt — the EDGAR full SGML submission text file.linkToXbrl — populated only when EDGAR exposes a distinct XBRL viewer link; otherwise empty.documentFormatFiles — an ordered array describing every document EDGAR catalogued for the submission (primary, exhibits, graphics, and the rolled-up complete-submission text file).dataFiles — a parallel array describing XBRL companion files: the schema (EX-101.SCH), the calculation/definition/label/presentation linkbases (EX-101.CAL, EX-101.DEF, EX-101.LAB, EX-101.PRE), and any extracted XBRL instance documents. Empty for filers that do not embed inline XBRL.entities — an array of filer entity records, usually one or two per filing (one per registration statute).seriesAndClassesContractsInformation — the EDGAR series/class table for funds that organize share classes through that mechanism; routinely empty for closed-end funds, which generally register share classes through other channels.documentFormatFiles[] and dataFiles[]Each element of documentFormatFiles describes one attached document with the fields sequence (EDGAR document sequence number as a string; the trailing complete-submission text entry carries a single-space sequence), size (byte size as a string), documentUrl (the EDGAR Archives URL or the /ix?doc= Inline-XBRL viewer URL for the primary), description (free-text label, sometimes carrying the fund's commercial name), and type (the EDGAR document-type code, e.g. N-2, N-2/A, EX-99.(A)(3), EX-99.(D), EX-FILING FEES, GRAPHIC). The dataFiles array uses the same shape but is restricted to XBRL sidecar files.
entities[]Each entity entry typically includes:
cik — the EDGAR Central Index Key as a string (not zero-padded).companyName — the registrant name with a parenthetical role suffix such as (Filer).fileNo — the SEC file number, prefixed 811- for Investment Company Act registration and 333- for Securities Act registration; the same fund typically appears in two entities rows, one per act.filmNo — the EDGAR film number.type — repeats the form type for the entity row.act — 40 for the Investment Company Act of 1940 registration or 33 for the Securities Act of 1933 registration.fiscalYearEnd — fiscal year-end as MMDD (e.g. 1231, 0930).stateOfIncorporation — U.S. state code (Delaware predominates among closed-end funds and BDCs).irsNo — IRS employer identification number, or 000000000 when not supplied.All shipped documents are HTML files, but two structurally distinct flavors appear: SGML-wrapped HTML and Inline-XBRL XHTML.
Every exhibit, and most primary N-2/N-2/A documents from filers that do not embed inline XBRL, is wrapped in the EDGAR <DOCUMENT> envelope — the same wrapper that EDGAR uses inside the rolled-up .txt submission. The wrapper opens with header pseudo-tags that mirror the EDGAR document catalogue for that file:
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<DOCUMENT>
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<TYPE>EX-99.(N)
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<SEQUENCE>4
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<FILENAME>tm2531910d1_ex99-xn.htm
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<DESCRIPTION>EXHIBIT 99.(N)
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<TEXT>
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<HTML>
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... full HTML body of the exhibit ...
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</HTML>
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</TEXT>
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</DOCUMENT>
The header lines (TYPE, SEQUENCE, FILENAME, DESCRIPTION) are not real SGML elements but line-oriented metadata; the actual HTML body lives between <TEXT> and </TEXT>. Parsers must strip the envelope before handing the body to a standard HTML parser; the file is not valid HTML at the top because of the pseudo-tags preceding the <HTML> root.
The primary N-2 or N-2/A document for filers that have adopted Inline XBRL tagging for closed-end fund data is delivered as an XHTML document declaring the inline-XBRL namespaces (xmlns:ix, xmlns:cef, xmlns:dei, xmlns:us-gaap, and the filer's own extension namespace). These files are not SGML-wrapped: they begin with an XML declaration and an <html xmlns="…"> root, and they intermix <ix:hidden>, <ix:references>, <ix:resources> (carrying XBRL contexts and units), <ix:nonNumeric>, and <ix:nonFraction> fact elements directly into the human-readable narrative — fee table, financial highlights, senior securities, expense ratios, and the structured CEF disclosures mandated for tagging under the 2020 Form N-2 amendments. The same document therefore serves both as the human-readable prospectus/SAI and as the machine-readable structured submission. The XHTML parses with a standard XML parser without preprocessing.
The primary N-2 / N-2/A document carries Part A, Part B, and Part C content in a single file. Within that file a reader typically encounters, in roughly this order:
Exhibits sit alongside the primary document, one EX-99.* HTML file per exhibit. The Form N-2 exhibit taxonomy is established by Item 25 of Part C and runs in canonical lettered order:
A separate EX-FILING FEES document carries the SEC Rule 457 fee-calculation table in the standardized Inline-XBRL filing-fees schema required for registration statements since the SEC's October 2022 rulemaking. Some filers add sub-lettered exhibits (e.g. EX-99.(K)(5), EX-99.(H)(III)) and free-text descriptive variants (e.g. EX-99.2L OPIN COUNSL) that reflect the specific contracts associated with the offering.
Each record bundles the structural and narrative content of the filing: the metadata.json describing the submission, the primary N-2 or N-2/A HTML document (whether SGML-wrapped or Inline-XBRL XHTML), and every exhibit HTML document attached to the submission. Cross-references to image files, XBRL companion files, and the complete-submission EDGAR text envelope are preserved through documentUrl values inside metadata.json so the original artifacts remain retrievable from EDGAR.
GRAPHIC image files (fund logos, performance charts, branding artwork) are not shipped inside the ZIP; their EDGAR URLs remain in documentFormatFiles[].documentUrl..txt complete-submission file is not shipped; its URL is preserved in linkToTxt and as a trailing documentFormatFiles entry.dataFiles[] are not shipped. XBRL facts embedded inside Inline-XBRL primary documents are physically present in the shipped XHTML because they are part of the document body itself.The three-part (prospectus / SAI / other information) framework has been stable throughout the dataset's coverage, but content and physical-format conventions have evolved in distinct phases:
.txt submission with <DOCUMENT> envelopes separating them; tables were rendered with whitespace alignment. Records from this era are dominated by .txt content.<DOCUMENT> envelope. The envelope continued to carry the EDGAR document metadata pseudo-tags, while the body became standard HTML with tables and (off-record) images. This is the dominant format for most of the dataset by record count.EX-FILING FEES exhibit. Records filed before October 2022 do not contain this exhibit; records filed after almost universally do.<ix:*> facts replacing the standalone XBRL exhibits that were briefly used for tagged disclosures. Exhibits other than EX-FILING FEES continue to be SGML-wrapped HTML.entities rows per record: do not deduplicate entities by cik without considering act and fileNo. The dual-registration pattern produces two rows for a single fund — one with act: "40" and fileNo: "811-…", another with act: "33" and fileNo: "333-…". The CIK is identical.type vs. description in documentFormatFiles: type is the EDGAR-controlled vocabulary value and is the reliable join key (e.g. EX-99.(N)). description is filer-supplied free text and varies considerably even for the same exhibit category.<DOCUMENT>, <TYPE>, <SEQUENCE>, <FILENAME>, <DESCRIPTION>, and <TEXT> pseudo-tags preceding the <HTML> root; the body must be sliced between <TEXT> and </TEXT> before HTML parsing. The Inline-XBRL XHTML flavor is well-formed XML and parses without preprocessing.<ix:nonFraction> and <ix:nonNumeric> elements via their contextRef and unitRef attributes; the same text is simultaneously rendered for human readers, so visible prose and tagged values must be reconciled rather than treated as separate sources.type values (EX-99.2L OPIN COUNSL, EX-99.H(III), EX-99.N(II)) reflect filer customization and should be normalized against the Item 25 lettered taxonomy when aggregating across records.seriesAndClassesContractsInformation: closed-end funds and BDCs generally do not register share classes through EDGAR's series/class mechanism, so this field is routinely empty even for funds with multiple share classes. Class-level information must be extracted from the prospectus text or from EX-99.(D) instruments defining holder rights.filedAt, controls who has executed the registration; effectiveness is a separate SEC action and is not stored in the record — it must be inferred from the sequence of subsequent N-2/A filings and from EDGAR effectiveness notices outside this dataset.Form N-2 is the SEC-prescribed registration statement for closed-end management investment companies and for business development companies (BDCs) that have elected to be regulated under Section 54(a) of the Investment Company Act of 1940. The fund or BDC itself is the registrant; its adviser, sponsor, and distributor are disclosed in the filing but are not filers.
The filing population includes:
Entities that look similar but file elsewhere: open-end mutual funds and open-end ETFs (Form N-1A), unit investment trusts (Form N-8B-2 and Form S-6), variable insurance products (Forms N-3, N-4, N-6), and operating companies (S-series or F-series).
Form N-2 is a dual-purpose registration statement that satisfies two regimes at once:
Financial statement content follows Regulation S-X Articles 6 and 6A. Rule 415 governs shelf and continuous offerings; Rule 486 governs immediate-effectiveness mechanics for qualifying interval funds; Rule 424 governs prospectus supplements for takedowns; and Rule 8b-16 affects post-effective amendment requirements.
A Form N-2 or Form N-2/A submission is generated by one of the following:
Form N-2 is event-driven, not periodic:
Form N-2 sits at the intersection of the 1933 Act registration regime and the 1940 Act investment-company regime. Its nearest neighbors are other fund registration statements, fund periodic reports, BDC-specific filings, and post-effectiveness prospectus filings. Each overlaps with N-2 on one axis (filer population, content, or legal framework) while diverging sharply on another.
The other dual-purpose 1933 Act / 1940 Act registration statement. Shares N-2's basic anatomy: prospectus, SAI, investment objectives, risk factors, fee table, financials, exhibits. The divide is fund structure. N-1A covers continuously offered, redeemable-at-NAV funds; N-2 covers closed-end funds and BDCs that issue a fixed share count, trade on exchanges or operate as non-traded/interval/tender-offer vehicles, and may use leverage and illiquid holdings. Unique to N-2: senior-securities table, leverage disclosures, share-repurchase or tender mechanics, discount/premium history. Unique to N-1A: redemption procedures, exchange privileges, frequent-trading policies.
The generic 1933 Act registration statement for non-fund issuers. Overlaps with N-2 as a prospectus-bearing registration but operates only under the 1933/1934 Act framework. Form S-1 emphasizes MD&A, business description, Item 402 executive compensation, and operating-company risk; N-2 emphasizes investment policies, concentration limits, fund expenses, and 1940 Act compliance. BDCs are the boundary case: they register on N-2 but file 10-K/10-Q for periodic reporting, straddling both regimes.
Registers shares issued in fund business combinations, mergers, or reorganizations, including those involving closed-end funds. Triggered by a specific transaction rather than a primary or shelf offering. Form N-14 carries proxy-style merger disclosures, fairness considerations, and combined acquirer/target fee tables absent from N-2. A reorganizing closed-end fund typically maintains an active N-2 shelf alongside a deal-specific N-14.
The periodic counterpart to N-2 for closed-end funds and BDCs regulated as investment companies. N-2 establishes the fund and offering terms; Form N-CSR delivers semi-annual and annual financial statements, schedule of investments, management commentary, and certifications. N-CSR is narrower, more tabular, recurring; N-2 is broader, narrative, and front-loaded with strategy and risk. Complementary, not substitutive.
BDCs electing under Section 54 of the 1940 Act file 10-K/10-Q for periodic reporting even while registering securities on N-2. The result is a deliberate split: registration content (offering terms, fee table, senior-securities table, prospectus) on N-2; periodic content (audited financials, MD&A, risk factors, business description) on 10-K/10-Q. Non-BDC closed-end funds skip 10-K/10-Q entirely and rely on N-CSR plus N-PORT for periodic disclosure. BDC research requires pairing N-2 with 10-K/10-Q; non-BDC closed-end fund research pairs N-2 with N-CSR and N-PORT.
Included in this dataset alongside initial N-2 filings. Pre-effective amendments respond to staff comments; post-effective amendments handle annual prospectus updates, material changes, and shelf takedowns. Because closed-end funds and BDCs update prospectuses annually, N-2/A filings typically outnumber initial N-2s and carry most of the disclosure evolution over a fund's lifecycle.
Downstream prospectus and prospectus-supplement filings used after an N-2 becomes effective to deliver final prospectuses, pricing supplements, and shelf takedowns. Content overlaps heavily with the prospectus inside an N-2 amendment, but Rule 424B filings are deal-specific operational filings, not registration statements. For shelf-registered closed-end funds and BDCs, N-2 sets the framework and 424B populates it with each takedown.
The 424B analog for N-1A registrants: definitive prospectuses, supplements, and stickers under Rule 497. Often confused with 424B because both are prospectus-delivery filings, but they map to different registration families. Closed-end funds and BDCs do not use 497; they use 424B.
Short, one-time notifications electing (N-54A) or withdrawing (N-54C) BDC status under Sections 55-65 of the 1940 Act. Upstream of N-2 rather than substitutive: an N-54A typically precedes a company's initial N-2, and the elected status determines which 1940 Act provisions shape the N-2 disclosure content.
Structured periodic data, not registration content. Form N-PORT delivers monthly portfolio holdings; Form N-CEN delivers annual census information. Same filer population as N-2 for closed-end funds, but tabular and machine-readable rather than narrative. Complementary datasets for any closed-end fund or BDC research project.
Annual securities-sold notice filed by open-end funds, UITs, and face-amount certificate companies under Rule 24f-2. Does not apply to N-2 filers, who register a fixed share count or shelf dollar amount and pay fees at registration or takedown. Listed only to flag the non-overlap. Form 24F-2 is the corresponding fee true-up form. Form 497 is also unrelated to N-2.
Shares N-2's filer population (closed-end funds and BDCs file both) but nothing else. Form N-PX is a structured annual record of how the fund voted proxies on portfolio holdings; N-2 is a narrative registration statement about the fund itself. Relevant only when stewardship is the research question.
Form N-2 is the only filing that combines a Securities Act offering prospectus with the 1940 Act disclosure schema for closed-end management investment companies and elected BDCs. N-1A covers a different fund structure, S-1 a different legal regime, N-14 a transaction-specific registration, N-CSR and 10-K periodic rather than registration content, and 424B and 497 post-effectiveness prospectus delivery rather than the registration statement itself. The N-2 dataset (including N-2/A amendments) is authoritative for the foundational offering and structural disclosures of closed-end funds and BDCs, and is most useful when paired with N-CSR and N-PORT for non-BDC funds or with 10-K/10-Q for BDCs.
Because a single Form N-2 filing bundles the prospectus, SAI, fee table, senior securities table, financial highlights, risk factors, distribution policy, and a long exhibit list, each professional user reads a different slice of the same document.
Read the fee table (management fee, AFFE, interest expense, total annual expenses), senior securities table (asset coverage, leverage history, liquidation preference), distribution policy (managed distribution plans, return-of-capital language), and tender or repurchase terms. Feeds premium/discount commentary, peer comps, and recommendation lists.
Focus on the investment strategy section (target borrowers, industries, position sizes), leverage disclosures (SBA debentures, credit facilities, unsecured notes, Section 61(a) asset coverage), incentive fee mechanics (hurdle, catch-up, lookback, capital-gains fee), and risk factors covering PIK income, non-accruals, and portfolio concentration. Used to model NII per share, NAV trajectory, and aggregate private-credit yields.
Benchmark proposed launches against existing registrants using fee tables, expense waiver arrangements, advisory and subadvisory agreements in exhibits, leverage ceilings, and distribution policies. Output: competitive landscape decks, fee-positioning analyses, and term sheets for new CEFs, interval funds, tender-offer funds, and non-traded BDCs.
Use peer filings as drafting precedent for N-2 and N-2/A. Reference risk factor taxonomies, SAI content (fundamental policies, tax disclosures, trustee compensation), and the exhibit list (charters, by-laws, advisory and custody agreements, codes of ethics, fidelity bonds, joint insurance allocations). Supports SEC comment-letter anticipation and consistency checks against prior amendments.
Use audited financial statements and financial highlights to benchmark expense ratios, total return, portfolio turnover, senior securities coverage, and ratios of expenses and NII to average net assets. Also track restatements in N-2/A amendments and accounting policy changes across peers.
Reference distribution policy disclosures, DRIP terms, share class structures, rights offering mechanics, and exhibits such as transfer agency and administration agreements to standardize filing templates across client funds.
Screen CEFs and non-traded BDCs for approved-product lists. Read fee tables, distribution policy, leverage and derivatives disclosures, liquidity features (Rule 23c-3 repurchase schedules, tender cadence, listing status), and illiquidity and valuation risk factors. Supports product approval memos and ongoing monitoring.
Use the N-2 as the operative prospectus for CEF IPOs, follow-ons, rights offerings, and BDC ATM programs. Reference plan-of-distribution sections, underwriting agreements in exhibits, and shelf offerings to set pricing comparables and underwriting-fee precedent.
Risk officers at asset managers, prime brokers, and lending banks use the senior securities table, Rule 18f-4 derivatives policies, hedging disclosures, and concentration limits to size counterparty exposure, set margining, and monitor sector leverage.
Parse fee tables, share class info, advisory relationships, investment objectives, and portfolio disclosures from N-2 and N-2/A filings into normalized fund-reference fields. Feeds discount factor models, expense-drag attribution, and portfolio analytics reference data.
Use the longitudinal record from 1994 onward to study CEF discounts, IPO underpricing, leverage and returns, board composition (SAI), advisory fee dispersion, and BDC incentive fee design. Historical depth supports panel studies on fund formation, mergers, and liquidations.
Examine board composition, trustee independence, related-party transactions, and conflict-of-interest disclosures in the SAI, plus investment policy language in funds marketed as ESG, impact, or thematic. Benchmark governance practices and test alignment between stated objectives and screening or engagement policies.
Study charter provisions, anti-takeover features, control share rules, trustee classification, supermajority thresholds, and advisory agreement termination clauses (typically filed as exhibits) to plan open-ending campaigns, tender demands, and board challenges.
Use N-2 filings as a structured corpus combining narrative prose, tabular fee and senior-securities data, and exhibits across TXT, HTML, and PDF. Supports training and evaluation of extraction, classification, and summarization pipelines for fund prospectuses.
The Form N-2 dataset supports concrete closed-end fund and BDC research workflows that rely on full prospectus, SAI, and exhibit content rather than header metadata alone. Five representative workflows follow.
Parse the fee table and senior securities table from each fund's most recent effective N-2/A back to its initial N-2. For 2022+ filings, pull the values directly from <ix:nonFraction> tags in the Inline-XBRL primary using contextRef for the period and the cef: taxonomy concepts for management fee, AFFE, interest expense, total annual expenses, and asset coverage ratios. For earlier vintages, extract from the HTML tables inside the SGML-wrapped primary. Output: a fund-by-year panel feeding expense-drag attribution, leverage-vs-return studies, and peer-comp screens.
For a target list of listed CEFs, pull EX-99.(A) (declaration of trust / articles), EX-99.(B) (by-laws), and EX-99.(G) (advisory agreements) from the most recent N-2 or N-2/A. Extract trustee classification, supermajority thresholds, control-share provisions, anti-takeover language, and adviser termination notice periods. Output: a structured database of governance and advisory-termination friction used to rank open-ending campaign feasibility and to brief proxy solicitors.
Across BDC N-2 filings (filtered through entities[].fileNo on the 814- BDC range and the strategy narrative), extract the two-part advisory fee structure: base management fee on gross assets, income incentive fee with hurdle rate, catch-up percentage, lookback period, and capital-gains fee. Pair with the senior securities table and Section 61(a) asset-coverage election language. Output: per-BDC incentive-fee parameters and asset-coverage limits that drive NII-per-share models, NAV-erosion scenarios, and cross-BDC fee benchmarking.
For fund counsel preparing a new N-2 or post-effective amendment, search the corpus for analogous funds (same strategy, leverage profile, share class structure) and diff the risk-factor sections, fundamental-policy enumerations, and exhibit lists across multiple N-2/A iterations of the same registrant. The N-2 versus N-2/A sequencing keyed by accession number reveals what changed in response to staff comments. Output: precedent libraries for risk-factor language, fundamental investment restrictions, and a checklist of expected exhibits by fund type.
Stream new N-2 filings monthly from the YYYY-MM.zip archives, filter on formType == "N-2" (initial registrations only), and classify each by structure (listed CEF, interval fund under Rule 23c-3, tender-offer fund, traded BDC, non-traded BDC) using the prospectus front cover, repurchase-policy language, and distribution-plan exhibits. Capture sponsor, adviser, sub-adviser, target asset class, leverage cap, distribution fee structure, and dealer-manager identity. Output: a competitive-launch tracker feeding product-strategy decks, wealth-platform approved-list candidates, and ECM coverage lists.
Use the dataset's mix of SGML-wrapped legacy HTML, modern Inline-XBRL XHTML, and structured exhibits as a benchmark corpus for prospectus-extraction models. The dual presence of human-readable tables and tagged <ix:*> facts in 2022+ filings provides ground truth for fee table, financial highlights, and senior securities extraction; the canonical Item 25 exhibit lettering provides labels for exhibit-classification tasks. Output: training and evaluation sets for fund-document RAG systems, fee-table extractors, and exhibit-type classifiers.
Dataset Index JSON API: https://api.sec-api.io/datasets/form-n2-files.json
Returns metadata about the Form N-2 Files Dataset, including its name, description, last updated timestamp, earliest sample date (1994-01-01), total record count, total archive size, covered form types (N-2 and N-2/A), container format (ZIP), and included file types (TXT, JSON, HTML, PDF). The response also lists every individual monthly container file with its size, record count, last updated timestamp, and direct download URL, alongside the full dataset download URL. This endpoint does not require an API key and can be polled regularly to detect which containers have changed in the latest refresh run, so that only updated containers need to be re-downloaded.
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{
2
"datasetId": "1f13365b-9ae0-692a-b5b4-e802ef14d802",
3
"datasetDownloadUrl": "https://api.sec-api.io/datasets/form-n2-files.zip",
4
"name": "Form N-2 Files Dataset",
5
"updatedAt": "2026-05-16T03:02:27.480Z",
6
"earliestSampleDate": "1994-01-01",
7
"totalRecords": 73515,
8
"totalSize": 2672884921,
9
"formTypes": ["N-2", "N-2/A"],
10
"containerFormat": "ZIP",
11
"fileTypes": ["TXT", "JSON", "HTML", "PDF"],
12
"containers": [
13
{
14
"downloadUrl": "https://api.sec-api.io/datasets/form-n2-files/2026/2026-05.zip",
15
"key": "2026/2026-05.zip",
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"size": 13818783,
17
"records": 154,
18
"updatedAt": "2026-05-16T03:02:27.480Z"
19
}
20
]
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}
Download Entire Dataset: https://api.sec-api.io/datasets/form-n2-files.zip?token=YOUR_API_KEY
Downloads the full dataset as a single ZIP archive containing all monthly containers from January 1994 to the present. This endpoint requires an API key.
Download Single Container: https://api.sec-api.io/datasets/form-n2-files/2026/2026-05.zip?token=YOUR_API_KEY
Downloads one monthly container ZIP file, useful for retrieving only a specific month or for incremental updates based on the container timestamps returned by the dataset index API. This endpoint requires an API key.
The dataset covers exactly two form types: N-2, the initial registration statement for closed-end management investment companies and elected business development companies, and N-2/A, any amendment to a previously filed N-2. Amendments include both pre-effective amendments responding to SEC staff comments and post-effective amendments updating the prospectus, SAI, or financial statements.
One record is one complete EDGAR submission of a Form N-2 or Form N-2/A, packaged as a single accession-numbered folder. The unit of observation is the filing, not the fund, so a fund that files an initial N-2 and three subsequent N-2/A amendments produces four independent records, each keyed by its own EDGAR accession number.
Closed-end management investment companies and business development companies that have elected regulation under Section 54(a) of the Investment Company Act of 1940. The filer population includes listed closed-end funds, interval funds, tender-offer funds, master-feeder and fund-of-funds CEFs, foreign closed-end funds publicly offering in the United States, and both listed and non-traded BDCs. Advisers, sponsors, and distributors are disclosed in the filing but are not themselves filers.
Coverage begins on January 1, 1994, when electronic filing of investment company registration statements phased in, and continues through the present. Pre-EDGAR paper filings are not represented. New records are added as EDGAR accepts new N-2 and N-2/A submissions.
Records are distributed in monthly ZIP archives named YYYY-MM.zip. Each accession folder contains a metadata.json, the primary registration document in HTML (either SGML-wrapped HTML or Inline-XBRL XHTML), and one HTML file per exhibit. File types present across the dataset are TXT (legacy ASCII filings), JSON (metadata), HTML (modern primaries and exhibits), and PDF (occasional supplementary documents).
Both are dual-purpose 1933 Act / 1940 Act registration statements, but they cover different fund structures. N-1A covers continuously offered, redeemable-at-NAV open-end funds and most ETFs; N-2 covers closed-end funds and BDCs that issue a fixed share count, trade on exchanges or operate as non-traded, interval, or tender-offer vehicles, and may use leverage and hold illiquid securities. The senior-securities table, leverage disclosures, and share-repurchase or tender mechanics are unique to N-2.
The dataset contains two structurally distinct primary-document flavors. SGML-wrapped HTML primaries are wrapped in the EDGAR <DOCUMENT> envelope with pseudo-tags (<TYPE>, <SEQUENCE>, <FILENAME>, <DESCRIPTION>, <TEXT>) preceding the <HTML> root and must be sliced between <TEXT> and </TEXT> before HTML parsing. Inline-XBRL XHTML primaries, adopted progressively after the 2020 Form N-2 amendments, are well-formed XML documents that intermix <ix:nonFraction> and <ix:nonNumeric> fact tags into the human-readable narrative; they parse without preprocessing and expose structured fee-table, financial-highlights, and senior-securities values addressable by contextRef and unitRef.