Share class


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Related to Share class: Class A Stock, Class B Share

Classified Stock

1. A type of stock in a publicly-traded company that issues more than one type of stock. Each type of classified stock has distinct rights attached to it. Two common classified stocks are preferred stock, which carries the right to guaranteed dividends, and common stock, which carries the right to vote in the annual meeting.

2. In mutual funds, a stock with a particular load. The load, which is the sales fee for buying into the mutual fund, is charged at different times depending on the stock class. For example, a class A stock has a load that is paid up front, while a class B stock has a load that is paid when one sells the shares in the mutual fund.

Share class.

Some stocks and certain mutual funds subdivide their shares into classes or groups to designate their special characteristics.

For example, the differences between Class A shares and Class B shares of stock may focus on voting rights, resale rights, or other provisions that enhance the power of certain shareholders.

In fact, in the United States, most dual class shares involve one class that is publicly traded and another class that is privately held.

In some overseas countries, Class A shares can be purchased by citizens only, while Class B shares can be purchased by noncitizens only.

In the case of mutual funds, class designations indicate the way that sales charges, or loads, are levied. Class A shares have front-end loads, Class B shares have back-end loads, also called contingent deferred sales charges, and Class C shares have level loads.

References in periodicals archive ?
In addition to the R6 share class, all 25 Sterling Capital mutual funds are available in A, C and Institutional share classes.
David Blass, general counsel at the Investment Company Institute in Washington, noted when the guidance was released that the SEC "will receive a large number of share class filings from funds offering variations in fund sales loads or new fund share classes in connection with the implementation" of Labor's fiduciary rule.
According to Cerulli, the industry's focus on lower-cost pricing, firms have plenty of reasons to scrutinize their share class offerings: demand from intermediaries for the lowest-priced share class, retirement plan sponsors' efforts to offer lower costs, the DOL conflict of interest/fiduciary rule, and the Securities and Exchange Commission (SEC)'s 2016 share class initiative.
Plans that decide to offer these shares may convert its current holdings in another share class of a Prudential fund to the fund's Class Q shares.
Jane Jarcho, national director of investment advisor exams, who was also recently named OCIE's deputy director, warned in mid-April that the Share Class Initiative was forthcoming.
Committees should consider which available share class is the least expensive to participants in terms of net cost.
The funds fees being lowered are the Wealth A share class of: the SEI Defensive Fund (with the total fund fee reduced to 0.
SAN FRANCISCO -- Matthews International Capital Management, LLC (Matthews), advisor to the Matthews Asia Funds, has introduced an Institutional share class for nine of the Matthews Asia Funds.
For MFS, this share class is known as Class R6, which usually indicates retirement fund shares but in this case goes beyond that definition to include advisor-managed accounts as well.
Deutsche Boerse AGs tendered share class (ISIN DE000A2AA253) will be replaced with the prior share class of Deutsche Borse AG (ISIN DE0005810055).
A share class is a designation that applies to a mutual fund or other type of security such as common stock.
It is available in an institutional share class (WHGIX) and an A share class (WWIAX).