Class B Shares

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Class B Shares

Shares in a mutual fund with a back-end load. For class B shares, a certain amount of one's investment is deducted for the commission of mutual fund's salesperson when one sells the shares. That is, one gives the salesperson a certain percentage of the share's value if one decides to sell it within five to 10 years, depending on the specific nature of the agreement. The size of the fee usually declines by the year until the maximum number of years is reached.
References in periodicals archive ?
Default increase 25%: class A 'AAAsf'; class B 'BBBsf';
The class A-1, class A-2 and class B notes are downgraded one category each because the extent of deterioration in the portfolio outweighs the benefit of increased credit enhancement levels from class A-1 amortization.
5 million to class B on the last payment date and corresponding reduction of interest due on the future payment dates, in Fitch's opinion, the use of principal proceeds to pay a portion of class B interest may continue, as long as the hedge remains out of the money.
The required subordinated amount for the issuance of class A notes, expressed as a percentage of the adjusted outstanding dollar principal amount of class B notes, is approximately 7.
The class B (2007-1) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
The class B (2007-3) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
The class B (2007-4) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
The class B (2007-2) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
NEW YORK -- Fitch assigns ratings of 'A' to $350 million class B (2007-1) card series notes issued by the Capital One Multi-asset Execution Trust (COMET).
NEW YORK -- Fitch Ratings assigns ratings of 'A' to $350 million class B (2006-2) card series notes issued by the Capital One Multi-asset Execution Trust ('COMET').
NEW YORK -- Fitch Ratings has assigned 'A' ratings to $100 million class B (2005-3) card series notes issued by the Capital One Multi-asset Execution Trust (COMET).