Common use of Mutual Fund Share Classes Clause in Contracts

Mutual Fund Share Classes. Many funds impose a sales charge at the time of purchase that is paid from and reduces the amount invested, while many others charge a fee at the time the shares are redeemed (sold). These charges are sometimes referred to as “loads.” The load will vary from fund company to fund company, and sometimes will vary within the same fund company. When purchasing mutual funds, choosing a share class is an important investment decision. The information below may help you decide which mutual fund share class is appropri- ate for you based upon your individual financial situation and investment time horizon. Generally, mutual funds are purchased in A and C share classes, although other classes may also be appropriate.

Mutual Fund Share Classes. Many funds impose a sales charge at the time of purchase that is paid from and reduces the amount invested, while many others charge a fee at the time the shares are redeemed (sold). These charges are sometimes referred to as “loads.” The load will vary from fund company to fund company, and sometimes will vary within the same fund company. When purchasing mutual funds, choosing a share class is an important investment decision. The information below may help you decide which mutual fund share class is appropri- ate for you based upon your individual financial situation and investment time horizon. Generally, mutual funds are purchased pur- chased in A A, B, and C share classes, although other classes may also be appropriate.