If you're referring to Mutual Funds, read the prospectus (simplified prospectus) and it will detail it for you. Each company and each fund may be different.Would someone mind distilling the different lettered fund series for me? Fees and implications of each? Many thanks!
by Rob Gerlsbeck, Canadian Business Online
Thursday, July 2, 2009
If you pay attention to mutual funds you've probably noticed how many have labels that seem to be straight out of Sesame Street. There are A-series funds, and R, and I and M. Others are brought to you by the letter B, D or F. I've scratched my head a few times at these classifications. Is A better than B? And if F stands for fees, do you pay higher fees or lower fees on an F-series fund?