What is Classes C?
Classes C typically refer to a classification of mutual funds or investment products that charge a continuous load fee, usually paid annually. This fee is designed to compensate brokers and financial advisors for their services over time. Unlike Class A shares, which charge an upfront sales charge, and Class B shares, which may convert to Class A shares after a period, Class C shares often have lower initial costs but higher ongoing fees. Investors should evaluate the impact of these fees on long-term returns before investing in Class C shares.