Y-Shares are an institutional share class offered in open-end mutual funds. Targeting institutional investors, the share class often has a high minimum investment, beginning at approximately $25,000. This share class also offers the benefit of waived or limited load charges and lower comparative total annual fees.The main advantage of investing in Y-shares is that they offer investors a way to avoid paying sales charges on their investments. In addition, Y-shares typically have lower total annual expenses than other share classes, making them a more cost-effective option for long-term investors. However, because they require a higher initial investment amount, Y-shares may not be suitable for all types of investors.
