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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.


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 ?
This formulation is used to project the sub-classes in kernel LDA space and to introduce incremental learning in feature space.
After the image has been localized and projected on the non-liner kernel space, the distance d between the corresponding sub-classes of training face [a.
9% for sub-classes A4A-$L, A6A-$L and A7-$L, respectively.
Fitch's rating action commentary on the Rating Watch Negative status (dated May 14, 2008) indicated a possible downgrade to the 'BBB' category for sub-class A4A-$L and as low as the 'BB' category for sub-classes A6A-$L and A7-$L if there were no significant changes prior to a resolution of the Watch status.
9% for sub-classes A6-CLP and A7-CLP, respectively.
Analysis of sub-classes, including discussion of past, current and future performance
However, workers' compensation is a modest 15% of GNY's overall business (based on 2002 direct written premium), and GNY's current workers' compensation profile is well diversified among a number of sub-classes.
Member tracks will also have the ability to set both classes and sub-classes such as Bracket 1, Junior Dragster, Stock, Gambler Races and Test Days.
characterize three sub-classes of PERV (A, B and C) that are found in the herd of inbred miniature swine.
This means application developers can create high-level sub-classes that can, in turn, be assembled by those in the organization who are less technology-oriented.