classified stock

(redirected from Mutual Fund Share Classes)
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Noun1.classified stock - common stock classified as A or B where A has certain advantages (e.g., voting power) that B does not
common shares, common stock, ordinary shares - stock other than preferred stock; entitles the owner to a share of the corporation's profits and a share of the voting power in shareholder elections; "over 40 million Americans invest in common stocks"
References in periodicals archive ?
Ameriprise recommended and sold these customers more expensive mutual fund share classes when less expensive share classes were available.
These "clean" share classes, Szapiro said, "have a different structure" than typical mutual fund share classes, and the innovation "won't stop there.
Does your IPS say that the committee will select, and the adviser will recommend, mutual fund share classes that are appropriate for a plan the size of yours?
Second, there are more than 8500 mutual fund share classes bearing 12b-1 fees.
The supervisory problems here led not only to the sales of inappropriate mutual fund share classes, but to the failure to identify special sales charge waiver programs on mutual fund purchases.