What is the difference between Investor Class and Institutional Class Shares?
Investor Class Shares • Are generally available to all investors with a minimum investment of $1,000.* • Are subject to a 12b-1 fee, which may increase fund expenses. Institutional Class Shares • Are generally available to all investors with a minimum investment of $500,000. • Are not subject to 12b-1 fees. • Investors in this class may pay lower expenses than investors in Investor Class Shares over time. • For more information, please see our share class comparison page. *Minimum waived with the establishment of an automatic investment plan.
