Definition of mutual fund A-shares

Some U.S. mutual funds offer several different classes of shares of the same fund. Each class has the same investment objective and the money invested in all of the share classes is pooled together.

However, each class maintains different fees and shareholder servicing agreements. A-Shares contain a front-end sales load, which is a fee expressed as a percentage, paid by investors at the point of sale. It is deducted from the initial amount an investor puts into the funds. Traditionally, funds have given discounts on the sales load for larger purchases: the larger the investment, the lower the load. [1]

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