Mutual funds traditionally required investors who buy through a broker to pay an up-front sales commission; these funds are known in industry jargon as A shares.

But the prospect of paying commissions deters some investors. In response, the fund industry in recent years has come up with new ways to compensate brokers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.