Thursday, December 30, 2010


A Y-Share is basically an institutional class share issued by a mutual fund. Most y-shares will require a high minimum investment e.g. $500000, and will have a much flatter fee structure than the equivalent retail shares. Most y-shares waive or limit load/sales charges and fees, as well as waiving the 12b-1 fees (which are usually charged for marketing and distribution costs, and range from 0.25-1.00%). Overall it is essentially a discount for volume deal.

Synonyms: Share classes, Institutional shares, Institutional Investor

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