Class A and Class C share schtick
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[quote=7 Figs]
Most firms don't allow, or are moving away from B shares, so disregard the guys messing with you above. Looks like you've got the information above to understand the difference. I would read the page in the prospectus that talks about fees. It really is just a page or 2, and you'll understand exactly what you are selling. As far as getting paid on C shares, it is essentially 1% up front to your grid, and multiply by your payout. After year one, you'll likely get .25% to your grid quarterly.
[/quote]
I don't ever remember that being the case. C-shares pay 1% to the grid in most cases. A-shares pay 25 bps after year one (unless the fund allows for immediate trails).
I am guessing he means 25 bps qtrly, 100 bps annually?? I did a double take on it too.
[quote=N.D.]
I am guessing he means 25 bps qtrly, 100 bps annually?? I did a double take on it too.
[/quote]
That is correct.
Very helpful, thanks all. Even the ones busting my balls, need a good laugh now and again.