Please enable JavaScript.
Coggle requires JavaScript to display documents.
UCITs share classes - Coggle Diagram
UCITs share classes
Class A shares
-
-
-
UK: RDR (Retail Distribution Review) regulation : In the UK, advisors must charge clients a transparent fee directly, they cannot receive hidden commissions from fund companies
Allowed: Z clean share class (no rebate, lower TER)
-
-
Capital Strategies TPM wants to prioritize class I,A,Z, N
Problem with launching too many chare classes : (multiple KIDs, regulatory filings, hedging costs) for classes that may never attract meaningful AUM
KID = Key Information Document: Under PRIIPs regulation (the EU rule governing packaged retail investment products) mandatory 3-page standardized document that every fund sold in Europe must have. Think of it as a "nutrition label" for a fund
Waystone
is the fund's ManCo (Management Company) / the regulated entity in Europe (likely Dublin or Luxembourg) that officially manages the UCITS fund on Calamos' behalf, handles regulatory compliance, and is responsible for registrations
-
-
-