institutional shares
Definition
Mutual fund shares of a class available to institutional investors. Institutional shares carry no load or 12b-1 fees. also called Y shares.
Use this term in a sentence
“ There were a lot of institutional shares that I was interested in and I liked the fact that they were available. ”
“ You should try and get involved with a fund that has institutional shares that should always keep rising in the right direction. ”
“ Another retail institutional shares class is the C-share. The C-share usually does not have a load, but often has a ïcontingent deferred sales chargeï (CDSC). When a broker sells a C-Share they get a sales commission, letïs say, for purposes of discussion the sales commission is 1%, and the investment has a CDSC of 1%. ”
