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What Are Mutual Fund Class D Shares?

Definition of D Share Funds

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Definition: Class D mutual funds are often similar to no-load funds in that they are a mutual fund share class that was created as an alternative to the traditional and more common A share, B share and C share funds that are either front-load, back-load or level-load, respectively.

One of the most widely held D share mutual funds is PIMCO Real Return D. Compared to PIMCO Real Return A, PIMCO Real Return B and PIMCO Real Return C, the D share class is the only one with no load and it has the lowest net expense ratio.

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