I was wondering what the difference was between Class A and Class I shares, when it comes to mutual fund shareholders. The fees are different for the two, and I was curious which one I am classified as. I hold various funds through my 401K. Thanks in advance, guys.
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I was wondering what the difference was between Class A and Class I shares, when it comes to mutual fund shareholders. The fees are different for the two, and I was curious which one I am classified as. I hold various funds through my 401K. Thanks in advance, guys.
Class A are usually bought with a sales charge up front. Sales charge can vary depending on Fund itself and amount being invested. Within a 401k there may or may not have a sales charge depending on the fund family....say if aggregate amount of assets are over a certain dollar amount. The I shares may be something specific to institutional accounts or something...some families use R shares. Not really sure about the I's though.
Class A are usually bought with a sales charge up front. Sales charge can vary depending on Fund itself and amount being invested. Within a 401k there may or may not have a sales charge depending on the fund family....say if aggregate amount of assets are over a certain dollar amount. The I shares may be something specific to institutional accounts or something...some families use R shares. Not really sure about the I's though.