Class C shares might have a 12b-1 fee, other annual expenses, and either a front-end or back-end sales load. $3,000 for most index funds. Letâs say you spend $1,000 to purchase Class A shares, and the fund imposes a front-end sales charge of 5 percent. The current share-class migration relates specifically to C shares that have higher 12b-1 fees but not upfront loads, and load-waived A-share versions of the ⦠When it is put on the investor account form that the investment is long term, it should raise a red flag whenever a "C" share is sold. Average 0.14%. Class of shares that charge a level load built into the expense ratio, usually as a 12b-1 fee. Here are the most common differences among Class A, B and C shares of mutual funds: If You Buy Class A Shares: Class A shares typically charge a front-end sales charge, which means a portion of your dollars is not invested. EXPENSE RATIO* Range 0.04% to 0.45%. With regard to share rights, and in particular section 629 of the Companies Act 2006, would you be able to give your views on when shares will be deemed to constitute the same class. Class C shares generally do not assess an upfront load, but will assess a 1% load if you sell the fund within one year. Prior to 6/30/2020, Class C shares converted to Class F-1 shares after 10 years. MINIMUM INITIAL INVESTMENT. In comparing the Class A and Class C share options, the primary academic criticism of Class C shares is that they are more expensive for long ⦠FUND LIST. However, the ongoing internal cost of class C share mutual funds are generally higher than other share classes of ⦠He or she will consider your investment objectives, risk comfort level, liquidity needs, current holdings, tax After holding the fund for one year, there is no fee to exit the fund. See which funds offer Admiral Shares. Class C shares. $50,000 for most actively managed funds. $100,000 for certain sector-specific index funds. Class C shares convert to Class A shares after 8 years. MSRB rules and guidance do not take the position that there is a per se inappropriate share class. Class 529-C shares convert to Class 529- A shares after 5 years. Class C and 529-C Shares. R share mutual funds do not have a load (i.e. Class C Shares Class of shares that have back-end loads that reduce over time (Contingent deferred sales charge, or CDSC). Class C shares ⦠Class C and 529-C shares â often called level-load shares â do not have an up-front sales charge. SHARE CLASS It is common for private companies to include alphabet shares which are expressed to rank 'pari passu in all respects save as to dividends'. 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