Allfirst Financial Inc. of Baltimore is beefing up its proprietary mutual fund family by adding share classes to three portfolios.

On Sept. 1, Allfirst plans to add B shares for its Maryland and Pennsylvania tax-free funds. Allfirst also plans to add an A share class to its mid-cap equity portfolio, which currently has only an institutional class, said Michele Dalton, product manager of the Ark Funds and senior vice president of Allfirst Trust Co.

B shares charge investors a sales charge to cash out before a specified time, while A shares charge investors an up-front sales fee.

Allfirst has added several retail funds in past few years, Ms. Dalton said, and this will round out the portfolio. There are 20 Ark Funds, with $5.6 billion of assets under management. -- Cheryl Winokur

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