Can anyone explain the practical difference...

ViolaLass

...between

First State Asia Pacific Leaders Inclusive - Class A - Accumulation (GBP)

and

First State Asia Pacific Leaders Class B - Accumulation (GBP)

please.

Thank you.

ColdIron

Fees, the class B are clean (no kickback to the platform/advisor) and have an OCF of 0.87%, the class A are the old style bundled ones with a charge of 1.61% with a rebate of 0.65% so cost you 0.96%. The [STRIKE]class A[/STRIKE] [STRIKE]class B[/STRIKE] class A will not be available after next year I believe

mgarl10024

ColdIron wrote: »

Fees, the class B are clean (no kickback to the platform/advisor) and have an OCF of 0.87%, the class A are the old style bundled ones with a charge of 1.61% with a rebate of 0.65% so cost you 0.96%. The class B will not be available after next year I believe

Did you mean that Class A (e.g. the old style with kickbacks) wont be available after next year?

Lokolo

ColdIron wrote: »

Fees, the class B are clean (no kickback to the platform/advisor) and have an OCF of 0.87%, the class A are the old style bundled ones with a charge of 1.61% with a rebate of 0.65% so cost you 0.96%. The class B will not be available after next year I believe

Class A* (if that is the dirty one)

dunstonh

Class B is available and has been for some time. The retail share classes are being withdrawn for new business from platform/intermediary retail distribution. Although those that have them can still keep them if they wish (although some platforms are forcing conversion)

ViolaLass

So Class B costs me (slightly) less? Wouldn't forced conversion be a good thing, in that case?

dunstonh

ViolaLass wrote: »

So Class B costs me (slightly) less? Wouldn't forced conversion be a good thing, in that case?

Not if the net rebate means that net effective charge is lower. There are a number of cases with certain platforms where retail share class minus rebate results in a lower overall charge than clean.

Rollinghome

Fidelity's list of bundled funds where you may be worse off converting from bundled into its clean share class equivalent: https://www.fidelity.co.uk/static/pdf/personal/exception-conversion-list.pdf

Will be some differences from platform to platform where "super-clean" classes or rebates to the clean class are offered.

ViolaLass

Thanks all for your help, it's nice to understand this better.

I've found another stock marked as 'Class Z'. Is this still referring to the fees or another difference?

jimjames

Still fees. There can be lots of classes!

Rollinghome

If you look up any fund on Trustnet you should find a list of the various classes, both clean and bundled, with the OCF (manager's charge). Some funds may have half a dozen or so classes with some only be available to institutional buyers, some only to charities. For the First state fund you mentioned there are sterling and Euro versions. Morningstar has simliar lists.

Clean share class
Bid Offer Date Yield OCF help Citicode SEDOL
FIRST STATE ASIA PACIFIC LEADERS B GBP INC INC 182.57 (p) 26-Mar-2015 0.78 0.92% HUA8 B57S0V2
FIRST STATE ASIA PACIFIC LEADERS B EUR ACC ACC 203.87 (EUX) 26-Mar-2015 0.79 0.90% JOH8 B2PDRX9
FIRST STATE ASIA PACIFIC LEADERS B EUR INC INC 152.47 (EUX) 26-Mar-2015 0.80 0.89% K5FT
FIRST STATE ASIA PACIFIC LEADERS B GBP ACC ACC 556.00 (p) 26-Mar-2015 0.79 0.90% QI53 3387476

Other share classes
Bid Offer Date Yield OCF help Citicode SEDOL
FIRST STATE ASIA PACIFIC LEADERS A EUR ACC ACC 223.94 (EUX) 26-Mar-2015 0.19 1.56% BTG7 B2PDRR3
FIRST STATE ASIA PACIFIC LEADERS A GBP INC INC 181.15 (p) 26-Mar-2015 0.14 1.61% HVN6 B54S372
FIRST STATE ASIA PACIFIC LEADERS A EUR INC INC 209.34 (EUX) 26-Mar-2015 0.15 1.59% IFG0 B54KZJ4
FIRST STATE ASIA PACIFIC LEADERS A GBP ACC ACC 520.55 (p) 26-Mar-2015 0.19 1.55% QI52 3387421

A lot easier to read from the source: http://www.trustnet.com/Factsheets/tnuk/FactSheet.aspx?fundCode=QIF52&univ=O