What is the difference between a funds share classes?

First_Time_Saver

Hello,

I'm a first time investor and interested in investing into a FTSE100 tracker in a Halifax S&S ISA.

I've found the HSBC FTSE 100 INDEX ACC NAV fund, which looks ideal. However, I have also noticed there is a C Class version of this fund called HSBC FSTE 100 INDEX C ACC NAV.

Can somebody explain what the difference of these two funds are?

The main fund has a 0.25% annual fee and the C class version has a 0.1% annual fee.

On the Market Information page, the main fund has a breakdown of what is is invested in, whilst the C Class fund doesn't show a breakdown (it reads: No holdings data available).



Thanks for your time and help.

dunroving

First_Time_Saver wrote: »

Hello,

I'm a first time investor and interested in investing into a FTSE100 tracker in a Halifax S&S ISA.

I've found the HSBC FTSE 100 INDEX ACC NAV fund, which looks ideal. However, I have also noticed there is a C Class version of this fund called HSBC FSTE 100 INDEX C ACC NAV.

Can somebody explain what the difference of these two funds are?

The main fund has a 0.25% annual fee and the C class version has a 0.1% annual fee.

On the Market Information page, the main fund has a breakdown of what is is invested in, whilst the C Class fund doesn't show a breakdown (it reads: No holdings data available).



Thanks for your time and help.

I'd be interested in the answer, too. I'm on a steep learning curve, but sometimes find it difficult to locate funds that are recommended in various forums. The Vanguard High-Tech BigMoney Fund may be recommended and then when you look it up in various places (iii, Fidelity, other fund platforms) there is Acc and Inc and then there are A class C class W class, etc. ad infinitum.

dunstonh

What is the difference between a funds share classes?

Cost and availability. Some share classes may only be available via certain distribution channels.

I've found the HSBC FTSE 100 INDEX ACC NAV fund, which looks ideal. However, I have also noticed there is a C Class version of this fund called HSBC FSTE 100 INDEX C ACC NAV.

Can somebody explain what the difference of these two funds are?

The first one sounds like the old bundled retail version (includes commission). The C class is a clean priced version (no commission).

Ifts

Article over on thisismoney.co.uk about this too:

Help me decode gibberish fund names!
There are several versions of the fund I want - how do I know which one I need?

Read more: http://www.thisismoney.co.uk/money/d...#ixzz2yCvwT35n

dunroving

Ifts wrote: »

Article over on thisismoney.co.uk about this too:

Help me decode gibberish fund names!
There are several versions of the fund I want - how do I know which one I need?

Read more: http://www.thisismoney.co.uk/money/d...#ixzz2yCvwT35n

Very helpful article - thanks!