Investor Glossary-institutional sharesInvestor Glossary-institutional sharesInvestor Glossary-institutional sharesInvestor Glossary-institutional sharesInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Institutional Shares

The HTML to link to this page
 

Institutional shares are a class of shares made available by mutual funds only to institutional investors. The owners of institutional shares must, then by definition of institutional shares, be in the business of holding and investing money and are companies such as banks, pension funds, insurance companies and investment funds. Institutional shares tend to carry no "load" or embedded marketing charges and therefore low or no 12b-1 fees. Institutional shares are often called Y shares or Y Class because the institutional shares are issued in a special letter class for these large institutional shares investors. Institutional shares often have a "Y" in their fund symbol. For example, institutional shares of Putnam Asset Allocation Funds' Conservative Portfolio is denoted as "PACYX". Mutual funds often offer exchanges between institutional shares of two different funds in their company as limited to institutional shares investors' in a swap between two different Y Class institutional shares.



Rate this institutional shares definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: Key Rate Duration, EBITDA, phantom income, debt service coverage, inflation, liquidity ratio, wholly-owned subsidiary, limit order, Zero Cost Collar, FTSE, LIBOR, required rate of return, covered put, 401a, class C shares, diluted share, annual return, APR, stock market close, VIX, current ratio, labor relations, 144a, ex-dividend date, 1035 exchange, cancelled check, per diem, implied volatility, real GDP, minority interest, margin rate, command economy, ex-dividend, quality assurance, irrevocable trust, risk management, in escrow, reverse mortgage, retained earnings, deferred tax, dividends payable, average price per share, option premium, balance sheet, open position, 1031 exchange, stock split, FICO score, deferred revenue


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use