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Financial encyclopediaReviewed 2026-10-23

Mutual Fund Classes

Some mutual funds offer investors different types of shares, known as "classes." Different types of shares issued by a single fund are sometimes referred to as Class A shares, Class B shares, and so on. All classes of a fund hold identical investments and have the same investment objectives and policies. But each class has different fees and expenses, and therefore, each class will have different performance results. A multi-class structure offers investors the ability to select a fee and expense structure that is most appropriate for their investment goals (including the time that they expect to remain invested in the fund).

Sources and references ↗
PROFILE / FACT FILE

Concept at a glance

Term
Mutual Fund Classes [1]
Subject area
Investor.gov glossary [1]
Jurisdiction / scope
US regulatory and investor-education context [1]
Primary reference
SEC · Investor.gov [1]

Definition and explanation

Some mutual funds offer investors different types of shares, known as "classes." Different types of shares issued by a single fund are sometimes referred to as Class A shares, Class B shares, and so on. All classes of a fund hold identical investments and have the same investment objectives and policies. But each class has different fees and expenses, and therefore, each class will have different performance results. A multi-class structure offers investors the ability to select a fee and expense structure that is most appropriate for their investment goals (including the time that they expect to remain invested in the fund). [1]

Source-supported connections

Mutual Fund Classes → Mentioned in the official explanation → Mutual Funds [1]

Frequently asked questions

What does Mutual Fund Classes mean in the cited reference?

Some mutual funds offer investors different types of shares, known as "classes." Different types of shares issued by a single fund are sometimes referred to as Class A shares, Class B shares, and so on. All classes of a fund hold identical investments and have the same investment objectives and policies. But each class has different fees and expenses, and therefore, each class will have different performance results. A multi-class structure offers investors the ability to select a fee and expense structure that is most appropriate for their investment goals (including the time that they expect to remain invested in the fund). [1]

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Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.

Sources and review dates

  1. US SEC · Investor.gov — Mutual Fund Classes ↗

Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.

Content preparation: source-based compilation with AI assistance. See methods and attribution. Named sources identify the underlying records; no individual expert review is claimed.