Why does the same mutual fund exist in different series?
Mutual funds are categorized into different series or classes (identified by a letter like Series A or Series D) which are designed to provide different benefits for investors and/or different compensation arrangements for the advisors that sell the fund. Learn more about mutual fund series. You may pay varying mutual fund fees depending on which funds you buy, how you buy them and what accounts you hold them in. You can find a description of the different series and their associated fees in a mutual fund’s Fund Facts and its simplified prospectus.
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