Sentences with phrase «investor class shares»

The inception dates for the Select Value, Mid Cap Value, Value Plus, Value, and International Value Funds investor class shares are 10/11/1996, 10/31/2014, 10/26/1993, 12/28/1984, and 10/1/2010, respectively.

The Advisor has contractually agreed to waive its management fees and / or reimburse expenses of the Fund to ensure that Net Fund Operating Expenses for the Fund do not exceed 1.25 % of the Fund's average net assets for the investor class shares and 0.99 % for the institutional class shares, through at least 5/1/2019, and subject thereafter to annual reapproval of the agreement by the Board of Directors.

Without such waiver and / or reimbursements, the Gross Fund Operating Expenses would be 2.50 % for the investor class shares and 2.45 % for the institutional class shares of the Mid Cap Value Fund and 1.84 % for the investor class shares and 1.45 % for the institutional class shares of the International Value Fund.

Depiction is for investor class shares.

Without such waiver and / or reimbursements, the Gross Fund Operating Expenses would be 1.84 % for the investor class shares and 1.45 % for the institutional class shares.

Investor Class Shares and Institutional Class shares pay an annual fee of up to 0.50 % and 0.25 %, respectively, for distribution and shareholder services expenses pursuant to a plan under Rule 12b - 1.

The minimum initial investment in the Investor Class shares is $ 2,500 for all types of accounts and the minimum subsequent investment is $ 100.

There is no sales charge for Investor Class shares or Institutional Class shares.

Share Classes: This Prospectus describes two classes of shares offered by each Fund: Investor Class shares and Institutional Class shares.

Distribution Fees: The Trust, with respect to each Fund, has adopted the Trust's Master Distribution and Shareholder Servicing Plan for Investor Class shares and Institutional Class shares (the «Plans»), pursuant to Rule 12b - 1 of the 1940 Act, which allows each Fund to pay the Fund's distributor an annual fee for distribution and shareholder servicing expenses of 0.50 % and 0.25 % of the Fund's average daily net assets attributable to Investor Class shares and Institutional Class shares, respectively.

Amended Exhibit A to Plan of Distribution Pursuant to Rule 12b - 1 for Investor Class Shares will be filed by subsequent amendment.

The Board has approved a distribution and shareholder servicing fee at the rate of up to 0.50 % for Investor Class shares and 0.25 % for Institutional Class shares of the Fund's average daily net assets attributable to the relevant class.

Each Fund offers two classes of shares; Investor Class shares and Institutional Class shares.

Investor Class Shares: Investor Class shares are offered at their NAV without an initial sales charge.

Plan of Distribution Pursuant to Rule 12b - 1 for Investor Class Shares was previously filed as an exhibit to the Registrant's Registration Statement on May 20, 2016 with Post-Effective Amendment No. 10 and is incorporated by reference.

* Effective May 1, 2008, shares previously issued by the Funds were reclassified as «Investor Class Shares.»

Although the total dollar value will be the same, a shareholder may receive more or fewer Investor Class shares than the number of Institutional Class shares converted.

A conversion from Investor Class shares to Institutional Class shares of the Fund or from Institutional Class shares to Investor Class shares of the Fund pursuant to the preceding paragraphs should generally not be a taxable exchange for federal income tax purposes.

The Institutional Class of shares has the same management fee as the Investor Class shares but is not subject to the Fund's 12b - 1 (Distribution / Service) fee, which was approximately 0.21 % during the last fiscal year, resulting in lower overall expenses to be paid by the Institutional Class shareholder.

For purchases of Class A and Investor Class shares of each MainStay Fund made without an initial sales charge on or after August 1, 2017, a contingent deferred sales charge of 1.00 % may be imposed on certain redemptions made within 18 months of the date of purchase.

There is also a voluntary fee waiver and / or expense limitation for Investor Class shares, which may be discontinued at any time without notice.

If the total market value of your Institutional Class shares account declines to less than $ 100,000 due to a redemption, we may convert your Institutional Class shares into Investor Class shares of the Fund on the basis of relative NAV's.

Because the NAV per share of the Institutional Class shares may be higher or lower than that of the Investor Class shares at the time of conversion, although the total dollar value will be the same, a shareholder may receive more or fewer Institutional Class shares than the number of Investor Class shares converted.

This week's profile in Barron's features the Conestoga Small Cap Fund (CCASX; Investor Class shares).

As stated in the current prospectus, the Fund's total annual operating expense ratio for Investor Class shares (WGRNX) is 1.95 %, and Institutional Class shares (WGRIX) is 1.70 %.

The minimum amount for Investor Class shares is $ 5,000 for regular accounts, and the minimum is $ 1,000 for IRAs or accounts with automatic investing plans.

* As stated in the prospectus (pdf) dated 5/1/2018 ** Pursuant to an operating expense limitation agreement between Heartland Advisors and Heartland Group, Inc., on behalf of the Fund, Heartland Advisors has agreed to waive its management fees and / or pay expenses of the Fund to ensure that the Fund's total annual fund operating expenses (excluding front - end or contingent deferred sales loads, taxes, leverage, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividends or interest expenses on short positions, acquired fund fees and expenses, or extraordinary expenses) do not exceed 1.25 % of the Fund's average daily net assets for the Investor Class Shares and 0.99 % for the Institutional Class Shares through at least May 1, 2019, and subject to annual re-approval of the agreement by the Board of Directors, thereafter.

The fund's initial expense ratio is 1.10 %, after waivers, on Investor class shares and 0.85 % on Institutional ones.

Each of the Litman Gregory Masters Fund's Investor Class shares is eliminating its redemption fee.

A recent piece in Barron's features the Seafarer Overseas Growth and Income Fund (SFGIX; Investor Class shares).

A recent piece in Barron's covers the Neuberger Berman International Equity Fund (NIQVX; Investor Class shares).

It has to be noted that the Investor Class shares of the fund (NIQVX) had an inception date on January 28, 2013.

This weekend's piece in Barron's features the Amana Growth Fund (AMAGX; Investor Class shares).

A recent profile in Barron's features the Evermore Global Value Fund (EVGBX; Investor Class shares).

The Hennessy folks note, in passing, that «This will increase the fees of the Investor Class shares of such Hennessy Funds.»

No sales charge applies to Class A and Investor Class share investments of $ 1,000,000 or more ($ 250,000 or more with respect to MainStay California Tax Free Opportunities Fund, MainStay High Yield Municipal Bond Fund, MainStay New York Tax Free Opportunities Fund, MainStay Tax Advantaged Short Term Bond Fund, and MainStay Tax Free Bond Fund; or $ 500,000 or more with respect to MainStay Floating Rate Fund and MainStay Short Duration High Yield Fund).

Not exact matches

In 1996, Buffett created Class B shares worth 1 / 30th of Class A shares, but with lesser voting rights, to stop fee - hungry managers from creating «unit trusts» that sliced up Class A shares for smaller investors seeking «Berkshire look - alikes.»

Meanwhile, in 2009 Ontario courts approved the Imax class - action suit and ruled it would be tried as a global class, meaning any investor who bought shares, whether on the TSX or Nasdaq, can be included as a plaintiff.

Shareholders will now have one vote per share, ending a class of supervoting shares in a move that substantially decreases the power of Kalanick and some other early investors.

Dual - class share structures, which give controlling shareholders more than one vote per share or designate some shares as non-voting, are particularly unpopular among governance wonks and institutional investors.

Financial technology firm MarketX lets upper - middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public.

The Council of Institutional Investors, an association representing funds and managers with over $ 3 trillion in assets under management, is «no fan of dual class shares or entrenched founders.

Often by keeping control with two classes of stock: voting shares for founders and original investors, and non-voting for everyone else.

During the Class Period, Barclays» dark pool catapulted into the financial stratosphere, with market share growth of 33 % per year, as Barclay falsely promised investors that it would police the pool to «protect [clients] from predatory trading.»

When Facebook staged its initial public offering six years ago, it implemented a dual - class share structure that means Zuckerberg personally controls a majority of the voting stock even though other investors own the majority of the financial value of the company.

There is no cure for it, but to control the symptoms, investors could consider preferred shares, that class of security that exists somewhere between bonds and equities.

In addition, investors purchasing shares of our Class A common stock from us in this offering will have contributed % of the total consideration paid to us by all stockholders who purchased shares of our Class A common stock, in exchange for acquiring approximately % of the outstanding shares of our Class A common stock as of, 2015, after giving effect to this offering.

It has worked well elsewhere: Berkshire Hathaway Inc. has two share classes, and its long - term investors aren't complaining.

Furthermore, investors purchasing shares of our Class A common stock in this offering will only own approximately % of our outstanding shares of Class A and Class B common stock (and have % of the combined voting power of the outstanding shares of our Class A and Class B common stock), after the offering even though their aggregate investment will represent % of the total consideration received by us in connection with all initial sales of shares of our capital stock outstanding as of September 30, 2010, after giving effect to the issuance of shares of our Class A common stock in this offering and shares of our Class A common stock to be sold by certain selling stockholders.

The billionaire investor's 12th annual donation to the five charities comprised 18.63 million Class «B» shares of Berkshire, valued at $ 170.25 each as of Monday's market close.