Advisor Class Shares
Advisor Class Shares of mutual funds, designed for investors using financial advisors, often come with specific fee structures including load charges.
Investing terms for fund share classes and distributions.
Fund Share Classes And Distributions terms explain the explicit and embedded costs investors may pay through fund expense ratios, management fees, sales loads, redemption fees, and share classes.
Use this branch when costs or share-class design can change net return, distribution economics, adviser compensation, or the suitability of a fund wrapper.
| Term | Use it for |
|---|---|
| Advisor Class Shares | A fund cost, compensation, share-class, or distribution term that affects investor net return. |
| C Shares | A fund cost, compensation, share-class, or distribution term that affects investor net return. |
| Capital Gain Dividend | A fund term that narrows the branch to a specific wrapper, exposure, cost, or operating feature. |
| Carried Interest | A fund cost, compensation, share-class, or distribution term that affects investor net return. |
| Exempt-Interest Dividend | A fund term that narrows the branch to a specific wrapper, exposure, cost, or operating feature. |
| Y-Share | A fund cost, compensation, share-class, or distribution term that affects investor net return. |
| Z-Share | A fund cost, compensation, share-class, or distribution term that affects investor net return. |
Check the prospectus or offering document, expense ratio, fee waiver, sales charge, redemption fee, 12b-1 or distribution fee, adviser compensation, and share-class eligibility.
This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.
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Advisor Class Shares of mutual funds, designed for investors using financial advisors, often come with specific fee structures including load charges.
C Shares are often non-voting shares, primarily issued to raise capital without diluting the control of existing shareholders.
A capital gain dividend distributes a fund's realized capital gains to shareholders, often creating taxable income for investors.
Carried interest is a share of investment profits paid to private fund managers, typically after investors meet a return hurdle.
An exempt-interest dividend passes tax-exempt interest from a mutual fund, usually municipal-bond income, through to shareholders.
A Y-share is an institutional mutual fund share class, typically offered with lower expenses and higher investment minimums.
A Z-share is a mutual fund share class often reserved for fund-company employees or selected investors under special eligibility rules.