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Mullooly Asset Management

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Tim Mullooly on Mutual Fund Class A Shares

What are Mutual Fund Class A Shares?

October 5, 2015 by Brendan Mullooly, CFP®

Perhaps you’ve seen that mutual funds have different share classes? Whether or not you’ve noticed this, it’s something you need to be aware of as an investor. Aside from knowing that mutual funds offer different share classes, investors also need to know what these different share classes entail.

Different share classes of the same mutual fund invest in the same portfolio of securities. Their difference lies in how they charge for their fees and expenses. Every class of mutual fund will have some type of ongoing expense ratio. However, some mutual fund share classes also involve sales charges (AKA loads). All the costs of owning any investment should be meticulously considered before making a decision to invest.

In the video above, Tim details the mutual fund Class A share. Mutual fund class A shares charge a front-end sales load. This is an initial sales charge that gets paid on the way into an investment. The fee goes to the selling broker and their firm. Front end sales loads typically range from 4-5% of the money being invested, although these rates may decrease if an investor has larger amounts of money to invest.

It’s very important to understand different mutual fund share classes, as well as alternatives to mutual funds, like ETFs. Having a well-rounded knowledge of how different types of investments work allows investors to make the best possible decision for their personal situation.

Learn More About Mutual Fund Share Classes:

https://www.finra.org/sites/default/files/InvestorDocument/p125866.pdf

http://www.sec.gov/answers/mffees.htm

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Filed Under: Asset Management, Videos Tagged With: mutual funds

About Brendan Mullooly, CFP®

Brendan Mullooly is a CERTIFIED FINANCIAL PLANNER™professional with Mullooly Asset Management, Inc.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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