Y-Share

AAA

DEFINITION of 'Y-Share'

A class of mutual fund shares that often has a high minimum investment, such as $500,000 per lot, and the added benefit of waived or limited load charges and fees. Due to the high minimum investment required, Y-shares are often only accessible by large institutional investors.

INVESTOPEDIA EXPLAINS 'Y-Share'

Many Y-class shares often waive the annual 12b-1 fees that are customarily charged for marketing and distribution purposes. The fee-free savings from buying Y-shares are substantial, considering that the amount charged from 12b-1 fees alone is 0.25-1.00% of the fund's assets and that at least $500,000 worth of securities are being purchased.

RELATED TERMS
  1. 12B-1 Fee

    An annual marketing or distribution fee on a mutual fund. The ...
  2. A-Share

    In a family of multi-class mutual funds, this is the class that ...
  3. C-Share

    A class of mutual fund with a level load. Class C shares don't ...
  4. Management Fee

    A charge levied by an investment manager for managing an investment ...
  5. Load Fund

    A mutual fund that comes with a sales charge or commission. The ...
  6. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
Related Articles
  1. Stop Paying High Mutual Fund Fees
    Mutual Funds & ETFs

    Stop Paying High Mutual Fund Fees

  2. What do the different types of mutual ...
    Investing

    What do the different types of mutual ...

  3. The ABCs Of Mutual Fund Classes
    Retirement

    The ABCs Of Mutual Fund Classes

  4. Are mutual fund performance numbers ...
    Investing

    Are mutual fund performance numbers ...

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center