Class Y Shares. An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. Effective September 1, 2000 XXXXXXX & XXXX ADVISORS TAX-MANAGED EQUITY FUND, INC. Class A Shares An amount payable on the first day of each month of $1.3375 for each account of the Company which was in existence during any portion of the immediately preceding month.
Class Y Shares. All Funds except Ivy Managed International Opportunities Fund An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. All Classes – Ivy Managed International Opportunities Fund No fee is charged to Ivy Managed International Opportunities Fund as compensation for services rendered under this Shareholder Servicing Agreement. These classes do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.
Class Y Shares means the shares of beneficial interest of the Fund that have been established and designated by the Trust’s Board of Trustees as Class Y Shares.
Examples of Class Y Shares in a sentence
Class Y Shares are sold at net asset value per share without the imposition of an initial sales charge.
Class Y Shares are not subject to a CDSC upon redemption regardless of the length of the period of time such shares are held.
Transfer agency fees are allocated to Class Y Shares on a per account basis except to the extent, if any, such an allocation would cause the Fund to fail to satisfy any requirement necessary to obtain or rely on a private letter ruling from the IRS relating to the issuance of multiple classes of shares.
Class Y Shares shall be entitled to the shareholder services set forth from time to time in the Fund's prospectus with respect to Class Y Shares.
Class Y Shares are sold subject to the minimum purchase requirements set forth in the Fund's prospectus.
More Definitions of Class Y Shares
Class Y Shares. All Funds except Ivy Managed International Opportunities Fund An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. All Classes—Ivy Managed International Opportunities Fund No fee is charged to Ivy Managed International Opportunities Fund as compensation for services rendered under this Shareholder Servicing Agreement. These classes do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.
Class Y Shares means, with respect to Shares of any Fund established and designated by the Declaration, that class of Shares of which are not subject to a sales charge or "load" upon the purchase thereof and the proceeds of the redemption of which are not subject to a contingent deferred sales charge payable on such redemption.
Class Y Shares means Class Y Shares, which are comprised of Class Y EUR
Class Y Shares means the Class Y USD Distributing, Class Y USD Non-distributing,
Class Y Shares. An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. Effective September 1, 2000 XXXXXXX & XXXX ADVISORS FUNDS, INC. CLASS A SHARES-ACCUMULATIVE FUND AND SCIENCE AND TECHNOLOGY FUND (each a "Fund") An amount payable on the first day of each month of $1.3625 for each account of the Fund which was in existence during any portion of the immediately preceding month. CLASS A SHARES-BOND FUND ("Fund") An amount payable on the first day of each month of $1.6125 for each account of the Fund which was in existence during any portion of the immediately preceding month. CLASS A SHARES-CORE INVESTMENT FUND ("Fund") An amount payable on the first day of each month of $1.4125 for each account of the Fund which was in existence during any portion of the immediately preceding month. CLASS B SHARES-ACCUMULATIVE FUND AND SCIENCE AND TECHNOLOGY FUND (each a "Fund") An amount payable on the first day of each month of $1.3625 for each account of the Fund which was in existence during any portion of the immediately preceding month. CLASS B SHARES-BOND FUND ("Fund") An amount payable on the first day of each month of $1.6125 for each account of the Fund which was in existence during any portion of the immediately preceding month. CLASS B SHARES-CORE INVESTMENT FUND ("Fund") An amount payable on the first day of each month of $1.4125 for each account of the Fund which was in existence during any portion of the immediately preceding month. CLASS C SHARES-ACCUMULATIVE FUND AND SCIENCE AND TECHNOLOGY FUND (each a "Fund") An amount payable on the first day of each month of $1.3625 for each account of the Fund which was in existence during any portion of the immediately preceding month.