Subclass

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Subclass

All of the varieties within a given type of security. For example, subclasses of a stock include mid-cap, small cap, high cap, growth and value stocks, among others. While all securities are most similar to others of the same type, discussing subclasses is useful to describe the differences in expense, risk, expected rate of return, and other factors within a certain type.

Subclass.

Each asset class -- stock, bonds, and cash equivalents, for example -- is made up of a number of different groups of investments called subclasses.

Each member of a subclass shares distinctive qualities with other members of the subclass.

For example, some of the subclasses of the asset class bonds are US Treasury bonds, mortgage-backed agency bonds, corporate bonds, and high-yield bonds.

Similarly, some of the subclasses of stock are large-, medium-, and small-company stock, blue chip stock, growth stock, value stock, and income stock.

Because different subclasses of an asset class perform differently, carry different risks, and may go up and down in value at different times, you may be able to increase your return and offset certain risks by diversifying your portfolio, which means holding individual securities within a variety of subclasses within each asset class.

References in periodicals archive ?
Gordan was surprised to see that the patient had extremely low levels of one particular sub-class, called IgG2.
Sub-Class A: All Class members who are "consumers" as defined by California Civil Code 1761(d).
CLP2,589,500,000 sub-class A6-CLP credit-linked notes due 2017, to 'BBB-' from 'A';
Smith announces that a securities class action lawsuit has been filed on behalf of all persons who purchased or otherwise acquired the common or preferred stock of Fifth Third Bancorp between October 19, 2007 and June 17, 2008 (the "Class Period"), including a sub-class of Class members who purchased $750,000,000 (in aggregate liquidation amount) of 7.
CHICAGO -- Fitch Ratings has downgraded the following sub-class of Newport Waves CDO Series 7 and removed the notes from Rating Watch Negative.
This action is also brought on behalf of a sub-class of Class members (the "Sub-Class") who purchased $750,000,000 (in aggregate liquidation amount) of 7.
1,000,000 sub-class A4A-$L credit-linked notes due 2017, to 'BBB+' from 'AA-';
The Class defined above has already been stipulated to by each of the Defendants, their affiliates and others in connection with the settlement of certain related claims against them in In re Mutual Funds Investment Litigation, MDL-1586, where it was designated as a "Fiduciary Sub-Class.
This action is also brought on behalf of a sub-class (the "Sub-Class") of Class members who purchased $750,000,000 (in aggregate liquidation amount) of 7.
Sharks have a sub-class of very small antibodies - the smallest in the animal kingdom - in addition to their normal antibodies, which many believe are a carry-over from the longevity of the species.
The Complaint also alleges claims on behalf of a sub-class of Class members who also suffered damages upon purchasing the 7.
NEW YORK -- Fitch Ratings has today placed sub-class A6-EL of notes issued by Newport Waves CDO Series 7 on Rating Watch Negative.