FYI: Mutual-fund T shares are on their way. But nobody knows exactly when.
The shares—the “T” is short for “transaction”—were designed to comply with the new Labor Department fiduciary rule that its creators say is aimed at mitigating the conflicts of interest that crop up among financial advisers. One of the biggest: Advisers may recommend a higher-cost fund over a less-expensive option so that they’ll get paid more.
Regards,
Ted
https://www.wsj.com/articles/5-things-mutual-fund-investors-should-about-mutual-fund-t-shares-1491791820
