Mutual Fund with Reduced Fee Share Class and Method of Managing the Same

摘要

A method of administering a mutual fund includes establishing a mutual fund having a plurality of share classes and charging each share class fund-level fees according to a fee rate applicable thereto. One or more share classes are then relieved of at least a portion of their respective fund-level fees, for example by reimbursing some or all of the fund-level fees paid; waiving payment of some or all of the fund-level fees in the first instance; and/or setting expense limits on the fund-level fees payable by the share classes.