Z-share
What is a Z-share?
Z-shares are shares of mutual funds for the employees of those mutual funds.
How Does a Z-share Work?
For example, let's say John Doe works in the human resources department of the XYZ Fund Co. As part of his compensation package, XYZ gives John 100 options a year. These options allow him to purchase up to 100 shares of XYZ Fund every year at a set strike price.
Why Does a Z-share Matter?
Z-shares are similar to stock options or stock grants for employees of mutual fund companies. They allow mutual funds to provide financial incentives similar to what other companies do with their own shares of stock. Similar to stock options, Z-shares provide a way for mutual fund companies to motivate and encourage loyalty among employees.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
