Making sense of fund share classes can be confusing as there is no industry standardisation on the names for different types. For example, one asset manager might call the various share classes its funds offer A, R and I, while another asset manager might label the share classes X, Y and Z. Different share classes often have different costs, are sometimes denominated in different currencies and may have different minimum investment levels. So it is important that you are aware of which share class you hold, and whether there are any others you could hold more cheaply, as this could have a serious impact on your return from the fund.
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