Reclassification

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Dictionary Says

Definition of 'Reclassification'

The process of changing the class of mutual funds once certain requirements have been met. These requirements are generally placed on load mutual funds. Reclassification is not considered to be a taxable event.
Investopedia Says

Investopedia explains 'Reclassification'

Sometimes mutual fund companies will decide to issue more than one series of similar mutual funds. Each series has different features and durations, and when the restrictions expire, they become reclassified to the fund with no restrictions.

Suppose that a company issues two mutual funds. Fund A is a no load fund, while Fund B is a five-year, back-end load fund. After five years, when there is no longer a load structure, Fund B will then be reclassified to fund A.
Search results for

'Reclassification'

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    ... better use. This reclassification is usually caused by population growth
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    ... States, France and Canada. Investors do have something to cheer about besides
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    ... vast oil resources are beginning to get a lot of attention from China, especially
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  • Commodity Prices And Currency Movements

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    ... vast oil resources are beginning to get a lot of attention from China, especially
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  • Finding The Best Buyer For Your Small Business

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    ... While stock sales typically result in long-term capital gains, asset sales can trigger
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