PLANNING TO TAKE THE SERIES 6 EXAM? THEN STUDY AND KNOW THE VARIOUS MUTUAL FUND SHARE CLASSES!

If you plan on sitting for the Series 6 Exam, be prepared for test questions that ask about the various Share Classes for Mutual Funds. FINRA publishes a Content Outline for the Series 6 Exam, and it specifically lists knowledge of Share Classes in Sections 3.2 and 3.3.

Bob Eder in his Study for the Series 6 Exam discusses Share Classes of Mutual Funds in detail. Here is an example of Bob Eder's treatment:

"Share Classes                                                                                          (3.2)

Many mutual fund families (i.e., sponsored by the same organization) may have several different classes of shares, all invested in the same portfolio. Often, it is difficult for a client to come to a decision about which share class to purchase. Why? Because the different share classes have different sales charges and different annual expenses.

"Class A Shares

"Front End Load

"These shares carry a front-end load. An investor pays sales charges up front upon purchase. For example, XYZ Fund charges a sales charge of 5.75 percent when a person purchases shares. Additionally, Class A shares, like other share classes, will charge, for example, a total annual expense ratio, such as 1.25 percent."

Here is the link to FINRA's Content Outline for the Series 6 Exam. See the references to Share Classes of Mutual Funds in FINRA's Series 6 Content Outline, Section 3.2 and 3.3.

Study for the Series 6 Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link for Bob Eder's Study for the Series 6 Exam on Amazon.

See Bob Eder's Author Page on Amazon.com.

For questions about Bob Eder's Study for the Series 6 Exam, or questions in general about the Series 6 Exam, or about Share Classes of Mutual Funds, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001.