What is a Z-share?
Z-shares areof mutual for the employees of those .
How Does a Z-share Work?
For example, let's say John Doe works in the human resources department of the XYZ Co. As part of his compensation package, XYZ gives John 100 options a year. These options allow him to purchase up to 100 of XYZ Fund every year at a set strike price.
Why Does a Z-share Matter?
Z-shares are similar to stock options or grants for employees of mutual fund companies. They allow mutual funds to provide financial incentives similar to what other companies do with their own of stock. Similar to stock options, Z-shares provide a way for mutual fund companies to motivate and encourage loyalty among employees.