In mutual fund lingo, what is a 'Series'? What does it mean?
asked Mar 16, 2011 at 16:04
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2I think you mean "share class". If you do, say that.– duffbeer703Mar 17, 2011 at 0:28
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2 Answers
It really just mean a family of funds.
They may share the same investment style or manager or some other definable characteristic.
A large fund company or bank may have several kinds of funds. Some targeting growth, others dividends, etc. Series is a shorthand for marketing and other purposes.
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1This isn't correct. There is a difference between a family of funds and a series (or rather, classes). The other response money.stackexchange.com/a/6940/3361 correctly answers the question. Dec 19, 2011 at 3:47
This can also refer to different classes of the same identical but with different fee structures.
E.g.
- Class A- 2% front Load
- Class B - No front load but with 1% redemption fee
- Class C - no load but with 12b-1 fees
http://www.investopedia.com/articles/mutualfund/05/shareclass.asp
