Share Class
Definition
What is Share Class?
A version of the same fund portfolioThe complete collection of investments owned by an investor or managed under one mandate. with different fees, currencies, distributionIncome or realised gains paid by a fund to its unitholders. policies, or investorA person or organisation that commits capital with the expectation of a financial return. eligibility.
Example in practice
How This Looks in Practice
Retail and institutional share classes may hold the same assets but charge different fees.
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Related Terms
Mutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.
Fund BasicsUnit
A proportional ownership interest in a mutual fund.
Fund BasicsNet Asset Value
The value of a fund's assets minus its liabilities, usually expressed in total and per unit.
Fund TypesMoney Market Fund
A mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits.