| Description |
Subsequent investments into a share class may be subject to a minimum requirement, as set forth in the prospectus – such as buying a specific number of shares, or also by investing a specific amount of money. A subscription requirement for a specific amount of money usually implies that one can invest in fractions of a share class unit, so long as the minimum amount of money is met. For instance, assume that a share class of a fund costs 125 currency units. If investors are required to buy a specific number of shares, "shares" is the right choice. If, however, the requirement is to invest 200 currency units, then "amount" is the answer. |