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*Total assets for all classes of fund.
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The institute moved several classes of funds that invest in both stocks and bonds into a separate, hybrid category.
The memorandum shows that in 2001, executives at MFS essentially created two classes of funds -- a small group of large funds that would accept rapid-fire trades, a practice known as market timing, and a larger group of international funds that would not.
In any case, a class of fund is not bad just because it brings with it the potential to invest unwisely.
To a newly important class of fund managers, the temptation of easy money can be overwhelming.
About 38% of funds are invested in this class of funds.
According to Morningstar, the class of funds has lagged the S&P 500 in nearly every year over the last decade.
The EWZ has been rated among the top-five performers for ten months at top momentum-based newsletter NoLoad Fund*X in the most aggressive class of funds.
Tax Traps: Another misconception among investors is that all ETFs are classes of mutual fund shares and taxed as such.
Thirty-five yeago ago, McHenry and his classmates laid the groundwork for a fund, the Class of 1980 Fund, which has supported generations of projects by F&ES students.
An adviser may be able to buy lower-cost share classes of these funds, to save you money on annual expenses and find the best managers.
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