A class in a family of multi-class mutual funds. This class is characterized by a back-end load structure that is paid only when the fund is sold.


Class B funds will generally have higher management expense ratios compared to front load funds within the same family. Fund companies attempt to increase their profits while the rear load is effective because it will normally decrease in value with time until no load is charged whatsoever.

Not all fund companies follow this class structure, but it is the prominent method of distinction.

  1. Back-End Load

    A fee (sales charge or load) that investors pay when selling ...
  2. C-Share

    A class of mutual fund with a level load. Class C shares don't ...
  3. A-Share

    In a family of multi-class mutual funds, this is the class that ...
  4. Front-End Load

    A commission or sales charge applied at the time of the initial ...
  5. Z-Share

    A class of mutual fund shares that employees of the fund's management ...
  6. Expense Ratio

    A measure of what it costs an investment company to operate a ...
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