Mutual Fund Classes

{
  "id": "MLC-T-FIN-000254",
  "term": "Mutual Fund Classes",
  "field": "Finance and investing",
  "definition": "Some mutual funds offer investors different types of shares, known as \"classes.\" Different types of shares issued by a single fund are sometimes referred to as Class A shares, Class B shares, and so on. All classes of a fund hold identical investments and have the same investment objectives and policies. But each class has different fees and expenses, and therefore, each class will have different performance results. A multi-class structure offers investors the ability to select a fee and expense structure that is most appropriate for their investment goals (including the time that they expect to remain invested in the fund).",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/mutual-fund-classes/"
}