Many mutual funds have several classes, each with different fees and associated charges.
Many of us have purchased a fund with a sales charge at one time or another. Many of these funds have several classes of shares. This quick tutorial about the mutual fund class system might help you the next time you're faced with picking the right class for your portfolio. While there is no official standardization of mutual fund classes, the Investment Company Institute, the mutual fund industry's trade association, has issued guidelines for share labeling. Ultimately, you must consult a fund's prospectus for the particular share class designations that funds use.