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Y Shares

Written By
Paul Tracy
Updated November 4, 2020

What are Y Shares?

Also called institutional shares, Y shares are mutual fund shares that are available for sale only to institutions.
 

How Do Y Shares Work?

For example, let's say that the XYZ Mutual Fund invests in a variety of defensive stocks. Average investors can buy shares of the fund but must pay a front-end load. Institutional investors (such as pension funds and insurance companies) can buy Y shares of the XYZ Mutual Fund, which do not involve a sales load but require minimum investments of, say, $300,000.

Y shares often have a "Y" at the end of their fund symbols.

Why Do Y Shares Matter?

Y shares are simply shares that can be bought in bulk. Usually, they do not come with additional rights or privileges; they exist to encourage institutions to make large investments in the funds that offer them. Individuals aren't always shut out of buying Y shares -- often, they just have to be able to afford the minimum investment.

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