Sentences with phrase «institutional class shares»

The minimum initial investment for Institutional class shares is $ 1 million; however, it may be modified for certain financial intermediaries who submit trades on behalf of eligible investors.

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.

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.

Morningstar RatingTM as of 30 April 2018 for the institutional class shares; other classes may have different performance characteristics.

The inception dates for the Select Value, Mid Cap Value, Value Plus, Value, and International Value Funds institutional class shares are 5/1/2008, 10/31/2014, 5/1/2008, 5/1/2008, and 5/1/2017, respectively.

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.

Plan of Distribution Pursuant to Rule 12b - 1 for Institutional Class shares was previously filed as an exhibit to the Registrant's Registration Statement on August 14, 2015 with Post-Effective Amendment No. 1 and is incorporated by reference.

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

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

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.

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.

Institutional Class shares pay up to 0.25 % on an annualized basis of the average daily net assets as reimbursement or compensation for service and distribution - related activities with respect to a Fund and / or shareholder services.

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

It offers a low advisory fee and invests in Fidelity Index Funds Premium Class and Institutional 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.

Institutional Class shares may not be available at all financial intermediaries.

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.

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.

As noted within the Fund's prospectus, Shareholders in Institutional Class shares do not pay any 12b - 1 (Distribution / Service) fees.

Milwaukee — May 1, 2017 — Heartland Funds announced today the launch of institutional class shares for the Heartland International Value Fund effective May 1, 2017.

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 %.

* 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 performance figures presented reflect the total return performance for Institutional Class shares (after fees) and reflect changes in share price and reinvestment of dividend and capital gain distributions.

The Fund's advisor has contractually agreed to waive its fees and / or pay for operating expenses of the Fund to ensure that total annual fund operating expenses do not exceed 1.50 % and 1.25 % of the average daily net assets for Advisor Class and Institutional Class shares of the Fund, respectively.

Not exact matches

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.

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.

Institutional Shareholder Services Inc. found that, from 2002 to 2012, companies with multiple share classes underperformed their peers over three -, five - and 10 - year periods.

Volatility represented by annualized standard deviation of monthly returns for Institutional shares, all other share classes will vary, from first month - end after inception (2/28/89).

Yet the plan still used the share class available to retail investors, with fees of 1.10 percent, rather than the institutional share class that became available in 2013, which had a fee of 0.87 percent.

The ETF will have an expense ratio of 0.55 %, according to the prospectus, compared with 0.46 % for the institutional share class of PIMCO Total Return Fund.

The PIMCO Total Return Fund has provided an impressive performance over its 25 - year lifespan, with a cheap institutional cost of 0.46 % and a 0.90 % expense ratio on its class A shares fund.

Large employer plans have access to managed accounts and / or institutional share classes.

The Edison International case involves a plan sponsor who put «retail» class shares in its company 401k plan when identically managed but lower cost «institutional shares» were available.

Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge.

We are pleased to announce that the Oakmark Funds have initiated the registration process with the Securities and Exchange Commission to add two new share classes to our lineup: an Advisor share class and an Institutional share class.

Institutional share classes only.

Performance shown for the periods prior to the inception of the State Street Institutional Treasury Plus Money Market Fund - Trust Class on August 29, 2016 reflects the historical performance of the Fund's Investment Class shares.

The minimum investment for its institutional class of shares (VEDTX) is $ 5 million at a 0.11 % expense ratio; the Institutional Plus shares (VEDIX) are available for 0.08 %, but require a minimum investment of $institutional class of shares (VEDTX) is $ 5 million at a 0.11 % expense ratio; the Institutional Plus shares (VEDIX) are available for 0.08 %, but require a minimum investment of $Institutional Plus shares (VEDIX) are available for 0.08 %, but require a minimum investment of $ 100 million.

The expense ratio for the institutional share class is 1.49 %.

The investor share class closed to new purchases on June 2 and merged into the institutional share class on June 30.

Once this transaction is complete, the investors in the BDC will hold Class F Shares in the Griffin Institutional Access Credit Fund, an interval fund.

First, the largest share class of the fund, returning -0.74 % in one year to September 30, is institutional (PTTRX).

The fund has both institutional and retail share classes.

Ziegler Strategic Income Fund (ZLSCX) has liquidated its Investor share class and has converted the existing Investor Class accounts into institutional accoclass and has converted the existing Investor Class accounts into institutional accoClass accounts into institutional accounts.

The institutional share class (BALIX) is $ 250,000 and 1.16 %.

This will make it more difficult for the fund to provide a 100 % return over each future ten - year period, as its institutional share class did in the past.

The trustees for O'Shaughnessy Enhanced Dividend (OFDAX / OFDCX) and O'Shaughnessy Small / Mid Cap Growth Fund (OFMAX) voted to eliminate the fund's «A» and «C» share classes and transitioning those investors into the lower - cost Institutional share class.