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NEW ACCOUNT APPLICATION INSTITUTIONAL CLASS SHARES Please complete all sections of this application. NOT FOR USE WITH IRAs, SEP, SIMPLE, COVERALL PLANS or CLASS A, B, C, Y and Z SHARES Return completed
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Institutional class shares are a type of mutual fund share class that is typically offered to institutional investors such as pension funds, endowments, and other large investors.
Mutual fund companies are required to file institutional class shares to provide transparency to investors and regulatory authorities.
Institutional class shares are typically filled out by the mutual fund company's compliance department, with information on the fund's performance, holdings, fees, and other relevant details.
The purpose of institutional class shares is to offer lower fees and expenses to institutional investors who make larger investments, as compared to retail investors.
Information reported on institutional class shares may include the fund's investment objectives, performance history, fees, risk factors, and portfolio holdings.
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