Sometimes Y-shares are referred to as institutional shares, Y shares are referred to as that specific class of mutual fund shares that often appeal to institutional investors. Y shares are usually acquired on both a load and a no-load basis. The Y share is often traded with no front end sales charges applied to the transaction, often they require a significant minimum investment on the part of the institutional investor.
Minimum Investment for Y shares
In Y shares large money managers are often interested, since these types of investors often as part of a single transaction prefer to purchase larger amounts of mutual funds. Usually, the minimum investment for a group or lot of Y shares will be in excess of $500,000.00 in US Dollars (USD), having lots of such shares that are valued at $1,000,000.00 USD becoming increasingly common even for smaller institutional investors.
