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Class A and Class C share schtick

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Jan 23, 2011 4:33 pm

[quote=7 Figs]

Most firms don't allow, or are moving away from B shares, so disregard the guys messing with you above.  Looks like you've got the information above to understand the difference.  I would read the page in the prospectus that talks about fees.  It really is just a page or 2, and you'll understand exactly what you are selling.  As far as getting paid on C shares, it is essentially 1% up front to your grid, and multiply by your payout.  After year one, you'll likely get .25% to your grid quarterly.

[/quote]

I don't ever remember that being the case.  C-shares pay 1% to the grid in most cases.  A-shares pay 25 bps after year one (unless the fund allows for immediate trails). 

Jan 23, 2011 4:35 pm

I am guessing he means 25 bps qtrly, 100 bps annually?? I did a double take on it too.

Jan 23, 2011 6:09 pm

[quote=N.D.]

I am guessing he means 25 bps qtrly, 100 bps annually?? I did a double take on it too.

[/quote]

That is correct.

Jan 23, 2011 7:33 pm

Very helpful, thanks all.  Even the ones busting my balls, need a good laugh now and again.