What does it mean if a mutual fund is class N?
As I was thinking about your question I began wondering if Class N funds are N for no-load, as Class I funds are sold only to institutions when I ran across this site in Investopedia. This is how the web site put it: “Fund Specifics – Different letters and symbols have various meanings. For example, “N” means no load, “F” is front end load, and “B” means the fund has both front and back-end fees. A no-load fund sells its shares without a commission or sales charge. Some in the mutual fund industry will tell you that the load is the fee that pays for the service of a broker choosing the correct fund for you. According to this argument, your returns will be higher because the professional advice put you into a better fund. There is little to no evidence that shows a correlation between load funds and superior performance. In fact, when you take the fees into account, the average load fund performs worse than a no-load fund”. Class N funds would seem to be most similar to Class C funds, b
