Fund Basics

Share Class

Definition

What is Share Class?

A version of the same fund portfolio with different fees, currencies, distribution policies, or investor eligibility.

Example in practice

Retail and institutional share classes may hold the same assets but charge different fees.

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A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.

A proportional ownership interest in a mutual fund.

The value of a fund's assets minus its liabilities, usually expressed in total and per unit.

A mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits.

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