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Y-Share

Source: Investopedia
This Article has been Edited for Accessibility

Y-Share

What is '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.

Explaining '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.


Additional Resources

  1. Economic Growth [colorado.edu]
  2. Mankiw, Chapter 8. Economic Growth Ii: Technology, Empirics And ... [pitt.edu]
  3. Sharing Economy [brookings.edu]
  4. Economics 1011b, Spring 2013: Solution Set 1 [isites.harvard.edu]
  5. Faculty Directory [faculty.haas.berkeley.edu]
  6. Cobb-douglas Growth Models [home.wlu.edu]