What it is:
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 minimum investment.in the that them. Individuals aren't always shut out of buying Y shares -- often, they just have to be able to afford the
How it works (Example):
For example, let's say that the XYZ front-end load. Institutional investors (such as pension and insurance companies) can buy Y shares of the XYZ Mutual Fund, which do not involve a load but require of, say, $300,000.invests in a variety of defensive . Average investors can buy shares of the but must pay a
Y shares often have a "Y" at the end of their fund symbols.
Why it Matters:
Also called institutional, Y shares are that are available for only to institutions.