Definition: A designation for a security that indicates unique voting rights, fees, expenses, or dividend policies. While the underlying assets remain the same, share classes allow investors to choose cost structures tailored to investment goals, such as lower expenses for higher minimum investments.
Example: For corporate equities, Class A shares are sold publicly and have standard voting rights (one vote per share), while class B shares held by founders and early investors have super-voting rights (such as 10 votes per share) and Class C shares (issued to the public) have no voting rights.
Explore the IVP NAV Solution
The IVP NAV Solution can account for share class differences. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
